Greek Prime Minister Alexis Tsipras approached several EU leaders at a summit in Brussels arguing that the suspension of the country’s debt-relief scheme should be lifted. The EU froze action on the relief measures this […]
General Motors said it will immediately begin testing autonomous vehicles on Michigan public roads, and will produce the next generation of its autonomous test vehicles at its Orion Township assembly plant beginning in early 2017. […]
Yahoo fell 6% in yesterday’s trading on word that Verizon is now considering scrapping its $4.83B deal for the Internet pioneer. Yahoo (NASDAQ:YHOO) on Wednesday disclosed a security breach that it believes compromised information on […]
The U.S. has launched a challenge to China’s use of tariff-rate quotas for rice, wheat and corn at the WTO, charging that China’s administration of the program breached its WTO commitments and hurt U.S. farm […]
Goldman Sachs raises its oil price outlook for Q2 2017, but warns dollar strength could limit the near-term upside for oil prices. The bank lifted its oil price outlook for the quarter to $57.50/bbl from […]
“Gold has gotten smoked,” as futures prices plunged $33.90/oz., or 2.9%, yesterday to $1,129.80 for the lowest settlement since Feb. 2 and the largest single-day dollar and percentage loss since Nov. 11. The yellow metal […]
Japan has overtaken China as the biggest holder of U.S. government bonds, as figures for foreign ownership of U.S. Treasurys in October show that China’s holdings declined to the lowest in more than six years […]
The Bank of England’s Monetary Policy Committee has opted to keep interest rates pegged at 0.25% and continue its quantitative-easing scheme. However, the central bank warned of a possible inflation rise and slower wage growth […]
The Dow Jones industrial average rose above 19,900 briefly in early trading today, raising questions of how soon the index will crack the 20,000-point benchmark. At 10 a.m. Eastern, the Dow was up 31 points […]
BlackRock Inc plans to lead the next funding round for the startup iCapital Network, which gives individual investors access to private equity funds, hedge funds, and other alternative investments, the two companies said on Thursday. […]
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