Money

US Fed to provide up to $2.3T in face of pandemic

MORE NEWS THIS CATEGORIES

Peak gas prices coming to Washington over next few weeks

A gallon of regular unleaded is just slightly cheaper in Orange and Ventura counties, where it costs an average of $3.85. If your looking to avoid long lines,...

Wynn Resorts scotches potential takeover of Crown Resorts

In a tersely-worded statement, the Las Vegas company said it was ending negotiations with Crown Resorts. News of Wynn's interest was first broken by Australia...

Trump wants Fed to keep interest rate low

But nominating Cain, the former CEO of Godfather's Pizza, to the board also raises the possibility of Capitol Hill testimonies regarding sexual harassment all...

Debenhams Rejects Ashley's Offers to Fund Rescue in Return for CEO Job

Sports Direct said it was also considering its options after it made a 61 million pound offer for Debenhams at the end of March. When it set the deadline, Deb...

Ex-chairman Ghosn expected to be removed from Nissan's board

This alliance has been strained by the numerous allegations against their shared ex-boss Ghosn, but Saikawa reemphasized Nissan's commitment to the corporate al...

Debenhams just collapsed into administration after rejecting a final rescue offer

Debenhams has 165 stores and employs 25,000 people. "It is disappointing to reach a conclusion that will result in no value for our equity holders". "We can s...

Fiat Chrysler to pay Tesla to pool fleet

As Tesla is all about a zero-emissions fleet, it actually offered its "services" to the industry to help out a "struggling" OEM. The emission rules in Europ...

United Kingdom takes legal steps needed for European Parliament elections

At present, Britain's exit date is April 12, although European Union member states are mulling a new extension request by British Prime Minister Theresa May. ...

Oil hits November 2018 highs amid OPEC supply cuts, U.S. sanctions

Oil prices declined on Friday with Brent slipping away from the 70 dollars mark reached the previous day, but both main contracts were set for weekly gains due ...

Crude Oil Futures Settles Lower Again

Crude oil price continued to rally on Tuesday (April 2nd), after Omani energy minister had forecasted a crude oil price above $70 for most part of 2019 on last ...

Ford’s Electric SUV to Offer More Range than Tesla

When it originally announced plans for the SUV, Ford called it the Mach 1, but has since said that it might not end up being the name for the production version...

Economy adds 196,000 jobs in March

In the initial quarter of 2019, employment percentage in the United States averaged 180,000 per month after improvements for the reading of January and Februa...

EU's Barnier: Britain won't get transition without #Brexit deal

The prime minister's offer to Corbyn is another sign of the desperation and disarray that has overtaken her government as it struggles to complete Britain's acr...

Constellation boss raises glass to sales

The beer company said that it had $1.84 in earnings per share (EPS) and $1.97 billion in revenue, which compares with consensus estimates of EPS of $1.72 on $1....

Trump expected to nominate Herman Cain to Federal Reserve

I have recommended him highly for the Fed. He's doing some pre-checking now and I would imagine he would be in great shape. Trump, meanwhile, has continued to r...

Amazon plans to launch over 3000 satellites to offer broadband internet

Bezos' rocket company is among a crop of billionaire-backed space ventures seeking to disrupt the legacy launch services market with reusable rocket technolog...

Burger King Testing An ‘Impossible Whopper’ With 0% Beef

The tie-up is just one of several developments that indicate the plant-based burger market is starting to take off in earnest, reflecting an increasing interest...

RBI will issue fresh circular on bad debt resolution: governor

The finance ministry, through a report issued with its backing, had earlier argued that the "one size fits all" approach was "erroneous". Crisil said the st...

Target will raise its minimum wage to $13 starting in June

Target's $13-hour minimum wage will go into effect in June. Last year's pay hike contributed to Target fulfilling an ambitious goal over the 2018 holiday seas...

Ford Escape: this is it!

US carmaker Ford released on Wednesday, April 3, the first images of the new Ford Puma , a compact hybrid SUV-inspired crossover that will be produced at the g...

RBI cuts repo rate by 0.25 pc to 6%

Of the six members on the committee, four voted for a rate cut while two others favoured no change. But it said that it would remain below the target of 4 per c...

Saudi Aramco is big, just not big enough

The company also dethroned Apple as the world's most profitable firm. While that figure is notable alone, it's even more staggering given Apple made US$59.4 b...

Jeff and MacKenzie Bezos tweet about divorce terms

L'Oreal cosmetics heiress Francoise Bettencourt Meyers is the world's richest woman, with an estimated net worth of $53.6 billion, according to Bloomberg's Bil...

All The Best National Burrito Day 2019 Deals

Showing it on your phone is fine, too! Chipotle - Chipotle is offering free delivery all day so long as you order through DoorDash . To score free gu...

Bitcoin jumps 20 percent, mystery order seen as catalyst

Market participants say big buy or sell orders in Bitcoin can often lead to outsized moves, in part because volume is spread across dozens of venues. Most m...

Ghosn: Renault piles pressure on former chief executive

The arrest, he said, was "part of an attempt by some individuals at Nissan to silence me by misleading the prosecutors". Why arrest me except to try to break ...

RBI cuts key rate by 25 bps to boost economic activitiy

Four members of the monetary policy committee (MPC) voted in favour of the rate cut, while Deputy Governor Viral Acharya and Chetan Ghate voted for maintaining ...

Saudi Arabia hacked Jeff Bezos' phone, investigators claim

In February, after the magazine published the text messages, Bezos went public with an astonishing open letter claiming the Enquirer was threatening to sp...

Ghosn's lawyers seek separate trial from Nissan

Nissan is also included in the indictment for making false disclosures in annual securities reports, for which the company has expressed regret. "No matter ho...

Ferrero acquires Keebler, Famous Amos and other Kellogg brands

The transaction is expected to close by the end of July. Ferrero makes Nutella , Tic Tacs and Ferrero Rocher chocolates among other confectioneries. Kellog...

Mexico Avocado Prices Surge Most in 10 Years Amid Trump Border Threat

Trump also alluded to this in a tweet Tuesday morning, saying: "Mexico is apprehending large numbers of people at their Southern Border ". Senior U.S. Moni...

Google India and Southeast Asia Head steps down after 8 years

Google India and South East Asia vice president Rajan Anandan is leaving the tech company for a role at Sequoia Capital. He will join top Silicon Valley ...

New federal carbon tax coming into effect April 1

The starting rate for the tax adds 4.4 cents to the price of a litre of gas. While the federal government has insisted the carbon tax will be revenue-neutra...

March sees manufacturing gains, says ISM

If China's stimulus plan works, however, it should encourage more economic activity on the mainland through tax cuts, loosened regulations and infrastructure in...

UK PM May Says She Will Ask for a Further Brexit Delay

The votes were an attempt to forge an alternative to the government's rejected European Union divorce deal. But the strength of the pro-Brexit Tory faction ...