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Oil prices slide as concerns about global economy, oversupply weigh

Oil prices slide as concerns about global economy, oversupply weigh

US West Texas Intermediate (WTI) crude futures rose 15 cents to $44.76 a barrel, after reaching $46.22 a barrel earlier. Oil prices fell on Friday, shedding early gains on profit-taking ahead of the...

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MN to Receive $9.3M from Wells Fargo in Settlement

MN to Receive $9.3M from Wells Fargo in Settlement

Wells Fargo agreed Friday to a $575 million settlement with the Attorneys General of all 50 US states and the District of Columbia, to resolve claims it violated each state's consumer protection laws....

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Porsche's most premium EV will cost over $130,000

Porsche's most premium EV will cost over $130,000

Porsche is gearing up to enter the EV market with its Taycan line of electric cars which will cost between $90,000 and $130,000 Dollars (roughly, $122,700 to $177,300 CAD). Yes, the all-electric auto,...

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Sears just hours from liquidation that would close every store in US

Sears just hours from liquidation that would close every store in US

Lampert had a plan to save Sears by combining it with Kmart, which ESL bought out of bankruptcy after the discount store's 2002 bankruptcy filing. We will continue to update this story as more informa...

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Retail sales may hit post-Christmas record

Retail sales may hit post-Christmas record

Not surprisingly, online sales posted strong gains, rising 19.1 percent, according to the SpendingPulse retail report, published by Mastercard's analytics arm . Total apparel had a strong season wit...

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Stocks lose momentum a day after Dow's record gain

Stocks lose momentum a day after Dow's record gain

The S&P 500 index fell 44 points, or 1.8 percent, to 2,423 as of 12:55 p.m. Energy stocks also rebounded as the price of USA crude oil posted its biggest one-day gain in more than two years. Eur...

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Amazon Announces Record Breaking Holiday Sales

Amazon Announces Record Breaking Holiday Sales

Customers worldwide ordered more items than ever from Amazon this holiday season, the company announced Wednesday. In the USA alone, more than one billion items shipped for free this holiday wit...

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Trump assails Fed as the ‘only problem our economy has’

Trump assails Fed as the ‘only problem our economy has’

Treasury also said Mnuchin would convene a call on Monday with the President's Working Group on financial markets. The regulators briefed Mnuchin on their plans for monitoring markets during the gove...

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New York's Skyline Suddenly Lit Up With A Blue Glow

New York's Skyline Suddenly Lit Up With A Blue Glow

Reports said the fire at the Con Edison facility in Astoria in Queens, New York had been contained. A spokesman for Con Edison did not immediately respond to a request for comment. "Due to a power...

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Trump's frustrated with Mnuchin for riling markets, source says

Trump's frustrated with Mnuchin for riling markets, source says

The Dow dropped by 2.9% and the S&P 500 fell 2.7%, the biggest drops ever for the two indexes on Christmas Eve. President Donald Trump had attacked Powell earlier in the week as the only problem t...

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Elon Musk asks judge to throw out defamation lawsuit against him

Elon Musk asks judge to throw out defamation lawsuit against him

Musk previously accused Vernon Unsworth, who aided with the rescue of 12 Thai children trapped in a cave during the summer, of being a pedophile. 'The public knew from the outset that Musk's insults...

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Amazon announces record sales for holiday season in 2018

The tech giant did not state what had led to the mass breakdown, but customers speculated that the service was struggling to cope with thousands of new users who were given either Alexa or Amazon's ...

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Boxing day shoppers queuing before 3am

Boxing day shoppers queuing before 3am

Analysis by Springboard, which provides retail intelligence, suggested that the numbers taking to high streets and retail parks by midday was down 4.2 per cent on past year. But with shoppers opting t...

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Global e-commerce giants face hit from new India rules

Global e-commerce giants face hit from new India rules

End of exclusive deals: The new e-commerce policy prohibits "exclusive deals" which are generally run by Flipkart and Amazon India . It said that ecommerce entity providing a marketplace will no...

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Japan Nikkei rebounds after Tuesdays sharp plunge

Japan Nikkei rebounds after Tuesdays sharp plunge

Precision instrument, pharmaceutical, and farm and fishery issues comprised those that declined the most by the morning break. The Nikkei share average was down 4.57 percent at 19,247.08 as of 0146 ...

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Treasury Secretary Mnuchin denies Trump discussed firing Fed chair Powell

Treasury Secretary Mnuchin denies Trump discussed firing Fed chair Powell

News of Trump's discussions about Powell prompted rebukes from lawmakers and alarm among economists and Wall Street executives Saturday. In October, Trump said he had no intention of firing Powell, ...

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Markets roil, futures slump after Dow's record, one-day gain

US stocks opened higher on Wednesday, led by technology and retail shares, after a punishing few sessions left the benchmark S&P 500 on the brink of bear market territory. "I think worries regarding t...

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Despite heavy discounting Boxing Day sales 'attracting fewer shoppers'

Despite heavy discounting Boxing Day sales 'attracting fewer shoppers'

Chris Daly, chief executive at the Chartered Institute of Marketing, said: "The quiet high streets across the country confirm that the days of setting the alarm to be first in line for the Boxing Day ...

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New Minimum Wage Increases Set To Take Effect In New York

New Minimum Wage Increases Set To Take Effect In New York

Fifteen percent of working parents in MA and 19 percent of children in the state will be affected by the $1 minimum wage increase that takes effect next week, according to a new analysis . The boost ...

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Dow Jones opens higher after brutal Christmas Eve trading session

Dow Jones opens higher after brutal Christmas Eve trading session

The S&P ended Monday 19.8 percent below its all-time closing high , with roughly three-fourths of its stocks already in a bear market . The partial government shutdown that began over the weeken...

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One in four receive an unwanted gift at Christmas

One in four receive an unwanted gift at Christmas

Almost 17% of shoppers say they'll be in a store making returns over the next few days. Other people put the present away to re-gift for next Christmas, some said they planned to sell it on an onlin...

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Dad flies on daughter's flights to spend time with her on Christmas

Dad flies on daughter's flights to spend time with her on Christmas

His daughter Pierce was our flight attendant who had to work over Christmas. That's according to a Facebook post from Mike Levy, who said he sat next to Hal Vaughan on one of the flights. Anothe...

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Oil rebounds from steep slide but growth fears still weigh

Oil rebounds from steep slide but growth fears still weigh

While the Organisation of Petroleum Exporting Countries and allies including Russian Federation agreed to cut output early this month, investors are skeptical the reductions will be sufficient to dent...

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Banking services impacted on Wednesday due to strike

Banking services impacted on Wednesday due to strike

The unions claimed that the merger is an attempt by the government to skip corporate loans and is not in the interest of banks or their customers. Ashwani Rana of National Organization of Bank Worke...

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Stores open for last minute Christmas Eve shopping

Stores open for last minute Christmas Eve shopping

Starbucks: Most locations open Christmas Day. Here's where you can go if you need to get out of the house for food. Whether your searching for the ideal gift or the flawless deal, Christmas Eve h...

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Mega Millions Drawing On Christmas

Mega Millions Drawing On Christmas

The winning numbers were 5, 28, 62, 65, 70 and Mega Ball 5. The cash option is $193.7 million. Combined with a $294 million Powerball jackpot up for grabs on Wednesday, the holiday week could delive...

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Not very merry: U.S. stocks plunge before Christmas

Not very merry: U.S. stocks plunge before Christmas

The yield on the 10-year Treasury note fell to 2.77 percent from 2.79 percent late Friday. Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent. Those moves are meant to ...

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Japan court extends Ghosn detention by 10 days

Japan court extends Ghosn detention by 10 days

The extension means Ghosn will now remain in Tokyo's main detention centre, where he has been held since he was arrested last month. They suspect he conspired with his right-hand man, United State...

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Police release two people arrested in Gatwick drone investigation

Police release two people arrested in Gatwick drone investigation

Number of drone sightings reported at Gatwick during the initial incidents from 9.07pm last Wednesday to 4.25pm last Thursday. A handful of flights due to arrive into Gatwick on Saturday were cancel...

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Trump may throw Mnuchin under the bus over stock market

Trump may throw Mnuchin under the bus over stock market

Trading volume was light during a shortened trading session ahead of the Christmas holiday Tuesday. In China, the Shanghai Composite Index was down by 0.88 percent, while the smaller-cap Shenzhen Comp...

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