Stories about Money

Feb 11 2019

Political backlash may kill off Amazon's NYC headquarters deal

The Post , which is owned by Amazon founder and CEO Jeff Bezos , cited two people "familiar with the company's thinking". It is unclear if Amazon truly is consider...

Feb 09 2019

Ronan Farrow Supports Jeff Bezos' AMI, National Enquirer Blackmail Claim

He alleged that its parent company, American Media Inc., threatened to publish text messages and intimate images if Bezos did not stop his investigation into the comp...

Feb 08 2019

Monetary Policy: RBI cuts key policy rate to 6.25%

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) made a decision to reduce the key policy rate or the repo rate by 25 bps to 6.25% in...

Feb 08 2019

Oil drops as global economic concerns grip market

The WTI prices remained positive on Wednesday after the EIA inventory report joined hands with Venezuelan sanctions and supply outages at Canada and Mexico. The produ...

Feb 07 2019

Venezuela slams European Union countries for aligning with U.S.

The bridge was blocked a day prior by the Venezuelan National Guard with a fuel tanker, two cargo trailers and makeshift fencing near the border town of Cucuta in Colom...

Feb 06 2019

White House announces State of the Union guests

The Democratic response will come from the unsuccessful candidate for Georgia governor, Stacey Abrams , a rising star in the party. After weeks of mounting anticipatio...

Feb 01 2019

Tesla reports smaller Q4 profit than previous quarter

Tesla reported its cash position improved by about $1.5 million during the quarter even as it repaid $230 million in convertible notes. Tesla shares fell in after-hours...

Feb 01 2019

Congress, BJP spar over jobs data

But, while India's economy has been expanding by 7%-plus annually - the fastest pace among major economies - its uneven growth has meant there are not enough new jobs t...

Feb 01 2019

Tomi Lahren says Alexandria Ocasio-Cortez is not successful ‘in real life’

Alexandria Ocasio-Cortez, D-N.Y. The two butted heads during the first meeting of the House Committee on Oversight and Reform since Democrats took control of the House,...

Feb 01 2019

Chinese trade deal ‘unacceptable’ unless Beijing opens markets, says Trump

Seen as counter-balancing Navarro's hardline stance, this former Goldman Sachs executive, 56, supports free trade and offers a more moderate voice on China. Lighthizer le...

Feb 01 2019

Markets surge as Federal Reserve leaves rates unchanged

Pleased by the Fed's benign outlook, investors sent the Dow Jones Industrial Average up almost 435 points and back above the 25,000 level. The Philadelphia Semiconduc...

Jan 31 2019

Apple posts drop in quarterly revenue

The company has stopped reporting unit sales of its iPhones. It's forecasted to reach $14 billion by next year and I've little doubt Apple will fall short of that goal....

Jan 31 2019

USA imposes sanctions on Venezuelan state oil firm PDVSA

US Secretary of State Mike Pompeo certified that Guaido has the authority to take control of any Venezuelan government accounts at the Federal Reserve Bank of NY or any...

Jan 30 2019

China, Russia opposes unilateral sanctions against Venezuela

Attempting to redirect funds to Mr Guaido's team could give him room to move in the short term as appointing new boards at PDVSA and Citgo could take a long time, accordi...

Jan 30 2019

British Parliament to debate Tory, Labour amendments on Brexit

Mrs May had urged MPs to back a different amendment that would propose "alternative arrangements" to the controversial Irish backstop plan, saying it would give her a "...

Jan 29 2019

US imposes sanctions on Venezuelan state-owned oil firm PDVSA

Earnings at China's industrial firms shrank for a second straight month in December on sluggish factory activity, piling more pressure on the world's second-largest eco...

Jan 29 2019

US levels charges against Huawei for stealing secrets, evading sanctions

Huawei , the Chinese telecommunications giant, was on Monday criminally charged by the U.S. with stealing trade secrets, defrauding banks and obstructing justice. "This i...

Jan 28 2019

Pound Rallies on Hopes of Avoiding No-Deal Brexit

The nation's powerful CBI business lobby group has also expressed dismay that May had not offered a clearer way forward. "I think we'd be in a position where Ireland, t...

Jan 28 2019

Democrats claim victory after Trump agrees to end shutdown

While the USA public overwhelmingly blamed Trump for the shutdown, the Republican party sought to blame Democrats, a sign of potential trouble ahead as negotiations betwe...

Jan 28 2019

Microsoft's Bing back online in China

Earlier in the day, the Financial Times cited a source that said that a state-owned Chinese telecoms firm had confirmed that the government had ordered a block on t...