• Crude surges on supply concerns as US withdraws from Iran deal

    Crude surges on supply concerns as US withdraws from Iran deal

    Economy

    White House spokeswoman Sarah Sanders told reporters that Iran now faces "enormous" sanctions pressure with the United States stepping out of the Joint Comprehensive Plan of Action , a multilateral nuclear agreement that gave relief to Iran in exchange for peaceful commitments.
  • When will Ford run out of F-150s?

    When will Ford run out of F-150s?

    Economy

    Production at Mercedes , Fiat Chrysler and General Motors was also disrupted. Mercedes' facilities in Alabama have adjusted hours in response to the supply interruption . The plant supplies front-end bolsters for the Super Duty trucks, which sit behind the truck's grill, Felker said. The shutdowns will adversely impact Ford's second-quarter earnings, but the company expects to compensate for this later.
  • Sensex, Nifty end unchanged, ICICI Bank gains 7%

    Sensex, Nifty end unchanged, ICICI Bank gains 7%

    Economy

    U.S. crude, however, topped the $75 mark for the first time since 2014. "Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets". However, European shares opened broadly flat as investors prepared for President Donald Trump's decision on whether to withdraw the USA from the Iran nuclear deal.
  • Comcast Looks to Disrupt Disney-Fox Deal With All-Cash Offer

    Comcast Looks to Disrupt Disney-Fox Deal With All-Cash Offer

    Economy

    That opened the door to Comcast's counteroffer. The decision there will greatly influence Comcast's ability to make a run at the assets that 21st Century Fox plans to sell in its $52.4 billion deal with Disney, namely the 20th Century Fox studio, FX Networks, regional sports cablers, and National Geographic Worldwide channels.
  • Warren Buffett: Bitcoin is 'rat poison'

    Warren Buffett: Bitcoin is 'rat poison'

    Economy

    Speaking with CNBC , the Microsoft co-founder and prolific philanthropist said that he wished there was an easy way to short bitcoin so that he could take advantage of the opportunity. " When you're buying nonproductive assets, all you're counting on is the next person is going to pay you more because they're even more excited about another next person coming along ".
  • Warren Buffett is not too anxious of a Transaction Warfare

    Warren Buffett is not too anxious of a Transaction Warfare

    Economy

    The billionaire has praised Apple's decision to repurchase its own stock. Buffett also praised Apple's penchant for developing "extremely sticky" products that were extremely successful with their customers, so much so that that users become strictly attached to gadgets such as iPhones, MacBooks and iPads.
  • April 2018 Jobs Report: Another Miss

    April 2018 Jobs Report: Another Miss

    Economy

    Samra added: "There are plenty of other tailwinds which can also help to elongate the USA bull market, such as recent tax cuts, solid corporate earnings, strong year-on-year growth for the S&P 500, still relatively low interest rates, and inflation that is tame enough-albeit rising-to keep the Federal Reserve from having to tap the brakes more strongly".
  • UK's May replaces minister for immigration as scandal widens

    UK's May replaces minister for immigration as scandal widens

    Economy

    In an attempt to derail the Labour motion, May had used prime minister's questions earlier in the day to say home secretary, Sajid Javid , would be "announcing a package of measures to bring transparency on the issue". Although James Brokenshire's return as Communities Secretary sees one ally of Mrs May return to the Cabinet - his previous stint in Northern Ireland will have helped prepare him well for negotiations over Yorkshire devolution - the Prime Minister's commitment to fighting ...
  • Federal Reserve leaves interest rates unchanged

    Federal Reserve leaves interest rates unchanged

    Economy

    The post-meeting statement tweaked its language on inflation to note year-over-year inflation "is expected to run near the Committee's symmetric 2% objective over the medium term". The Fed's preferred "core" inflation measure, known as PCE, which filters out volatile food and fuel prices, was within spitting distance of the Fed's 2 percent target in March.
  • Activision posts earnings beat while stock halted due to leak

    Activision posts earnings beat while stock halted due to leak

    Economy

    The stock decreased 3.64% or $2.49 during the last trading session, reaching $65.9. Traders purchased shares of Activision (NASDAQ: ATVI ) on weakness during trading on Thursday. (NASDAQ:ATVI) on Thursday, March 1. California Employees Retirement Systems has invested 0.18% of its portfolio in The TJX Companies, Inc. (NYSE:D). Tennessee-based Patten has invested 0.3% in Dominion Energy, Inc.
  • Flipkart Buybacks $350 Mn Worth Shares To Regain Pvt. Co. Status

    Flipkart Buybacks $350 Mn Worth Shares To Regain Pvt. Co. Status

    Economy

    The US retail conglomerate is tipped to spend at least $14.6 billion, and as much as $16 billion, in the cash-and-stock buyout of the Indian e-commerce company. Walmart may end up spending anywhere between $8 billion and $12 billion to buy a majority stake in Flipkart , and is expected to increase its shareholding in the online retailer in a phased manner.
  • National gasoline prices highest since 2014

    National gasoline prices highest since 2014

    Economy

    The national average hit $2.81 Monday, just seven cents above Kentucky's average, according to AAA . "We expect prices to continue increasing, potentially another 10 cents, through Memorial Day and then will likely stabilize during the summer, with the understanding that if demand spikes, prices are likely to follow".