Stories about Money

Aug 13 2018

How major USA stock indexes fared Thursday

Trade tensions have simmered throughout the strong earnings season, however. Mylan's 6.8 percent drop was the most on the benchmark S&P 500 after the drugmaker report...

Aug 10 2018

U.S. crude stockpiles fall less than expected

A second tranche coming into effect on November 5 will cover Iran's oil sector. Crude oil continues to rise bullish as traders remained anxious over revived US sa...

Aug 10 2018

Ontario Government Bringing Back "Buck-a-Beer" Minimum Pricing

It was one of Mr. Ford's signature campaign promises during the spring election, and on Tuesday the Ford government announced it was going ahead with a plan to lower the ...

Aug 08 2018

Trump behaves like a street-fighter in trade policy: Chinese media

President Donald Trump's administration . The meeting took place amid heightened trade tensions between China and USA after the Trump administration proposed to im...

Aug 08 2018

Elon Musk Thinking About Taking Tesla Private at $420 a Share

But later in the afternoon, trading in the stock was halted pending an official company announcement. Part of the reason Musk believes this is the right thing to do i...

Aug 06 2018

Trump promises to stay the course on tariffs

China's state media said on Saturday the government's retaliatory tariffs on $60 billion of US goods showed rational restraint and they accused the United States of bla...

Aug 06 2018

Russia's Novak: Higher oil production in July aimed at market stability

The West Texas Intermediate (WTI) for September delivery lost 1.10 USA dollars to settle at 67.66 dollars a barrel on the New York Mercantile Exchange, while Brent cru...

Aug 05 2018

Iran refuses talks with U.S. under coercion

But as the new Indian fiscal year began in April, refiners have been taking more Iranian oil imports compared to the previous fiscal year, as Iran offered incentives ...

Aug 05 2018

Apple becomes the first company with a $1 trillion valuation

After closing up almost 6 percent in the previous trading session, Apple shares climbed another 2.4 per cent on Thursday, hitting $207.05, the price needed to reach a $...

Aug 04 2018

Apple Is First Public Company Worth $1 Trillion

Apple , which has seen its stock surge more than 50,000% since its stock market listing in 1980, has struggled to produce a product that replicates the success of the ...

Aug 04 2018

China says it will retaliate with tariffs on $60B of U.S. goods

On Wednesday, Trump proposed a higher 25 percent tariff on $200 billion worth of Chinese imports. The Trump administration last month enacted a 25% tariff on roughly $ ...

Aug 03 2018

Sales tax holidays scrapped as school shopping begins

As back to school shopping starts up, state sales tax is dropping off some items. School supplies are tax-free as long as each item is under $75. Back in January, W...

Aug 03 2018

Indian interest rate hike unlikely to affect NRIs

But BoE Governor Mark Carney says that, even if Britain's economy is growing only modestly, it risks overheating unless borrowing costs rise from their crisis-era emerg...

Aug 03 2018

Apple is officially worth more than $1,000,000,000,000

So you would expect he would have a lot to say today when stock prices surged high enough to make his old employer the first trillion dollar company. The share price ju...

Aug 02 2018

Tesla v9.0 Software Update Will Include Atari Games as Easter Eggs

The company claims it plans to produce 50,000 to 55,000 Model 3 sedans in the third quarter, an increase of 75 percent from the first quarter . In its letter to sh...

Aug 02 2018

Erdogan Slams 'Evangelist' US as Pastor's Detention Roils Ties

The U.S. Treasury Department said Wednesday it had designated Turkey's justice minister, Abdulhamit Gul, and interior minister, Suleyman Soylu, for their role in pastor...

Aug 01 2018

Apple stock rises after hours on blockbuster earnings report

That beat the $2.17 per share expected by 10 analysts surveyed by Zacks Investment Research. About the only impediments holding Apple from $1 trillion are buybacks an...

Jul 30 2018

Trump says he hopes to strike trade deal with Europe

If not, the European Commission is preparing quite a long list of many American products. After the talks, Trump highlighted benefits for USA farmers. In negotiations...

Jul 28 2018

Amazon profit tops $2 billion for first time

Amazon sales came in shy of analyst expectations at $52.89 billion for the second quarter of 2018, but the ecommerce giant delivered a whopping beat on earnings per s...

Jul 28 2018

To fix reputation, Twitter, Facebook incur investor wrath

But Chief Financial Office Ned Segal told analysts that the event, which carried into the third quarter, raked in less revenue in its second two weeks. That's good for re...