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Economy News

May 19, 2019
UAE energy minister hints at support for oil production cuts
The United Arab Emirates' energy minister says he does not think relaxing the oil production cuts in place is the right ...
May 19, 2019
Defunct steelmaker's 21-story headquarters imploded
Sixteen thousand tons of Bethlehem Steel collapsed in a matter of seconds Sunday as a demolition crew imploded Martin Tower, ...
May 19, 2019
UK leader promises a 'bold offer' on Brexit deal
British Prime Minister Theresa May plans a "bold offer" to Parliament to win support for her Brexit deal, urging lawmakers ...
May 18, 2019
Flooding disrupts farm shipments on the Mississippi River
Normally this time of year, huge barges can be seen chugging up the Mississippi River, carrying millions of tons of grain to ...
May 18, 2019
Luckin, a Starbucks rival in China, rises in US stock debut
Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday.
May 17, 2019
Amazon takes top stake in UK food delivery firm Deliveroo
Amazon is investing in British meal delivery company Deliveroo, giving the online shopping behemoth a larger stake in the ...
May 17, 2019
Cuba bets on tourism as Trump restrictions take hold
The battle for Cuba's economic future is being waged on its beaches. And at its all-inclusive resorts, dive sites and ...
May 17, 2019
Trade war, heavy rains weigh on Deere & Co.
Deere cut its profit and sales expectations for the year as a trade war between the U.S. and China escalates and farmers try ...
May 17, 2019
Italy's Salvini snubs far-right label for nationalist allies
The leader of Italy's right-wing League party on Friday rejected the label "far-right" for an alliance of like-minded ...
May 17, 2019
EU extends sanctions against Assad's Syria regime for a year
The European Union is prolonging sanctions against the Syrian regime of President Bashar Assad for a year due to its ...
May 17, 2019
Markets Right Now: Stocks drop on trade worries
The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are falling on Wall Street Friday as ...
May 17, 2019
South Carolina tech firm, CEO indicted on fraud charges
A South Carolina technology company and its leader are accused of fraudulently obtaining numerical internet addresses worth ...
May 17, 2019
Nissan proposing more board members, with Renault's Bollore
Nissan proposed Friday adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to ...
May 17, 2019
8 people trapped in flooded mine in China's northeast
Chinese authorities say eight people remain trapped Friday in a flooded iron mine in the country's northeast. The accident ...
May 17, 2019
Asian shares mixed as Huawei sanctions stir trade fears
Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei may cast a pall on trade negotiations ...
May 17, 2019
Political hero's death overshadows Australian campaign
Australia's opposition leader said he wants to win elections on Saturday for his Australian political hero whose death ...
May 16, 2019
Pinterest reports smaller 1Q loss but results drag stock
Pinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than ...
OxyContin
May 16, 2019
5 states announce new suits over prescription opioids
Five more state attorneys general announced legal filings Thursday seeking to hold the company that makes OxyContin ...
May 16, 2019
Walmart warns that higher tariffs will mean higher prices
Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the ...
May 16, 2019
Senate confirms Trump official as Justice Department deputy
The Senate has voted to confirm Jeffrey Rosen as deputy attorney general, the second-ranking official at the Justice ...
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