Business

US Fed officials see future of rate hikes "less clear"

Before those comments, investors had been sending stocks lower out of fears that the Fed would make a mistake and tighten credit too much, possibly sending the ...


Fostoria's Kmart closing in March

Lampert and his hedge fund, ESL Investments Inc., also didn't respond to messages. The plan includes keeping 425 stores open and a $1.3 billion financing commit...


Wellsville Kmart closing in March

Earlier this month, Lampert, who has controlled Sears for more than a decade, made a preliminary bid that included hedge fund Cyrus Capital Partners . Sears' c...


Dow drops 400 points following its worst week in a decade

The tech-heavy Nasdaq lost 127 points, or 1.9 percent, to 6,427. The S&P 500 - which had been on the verge of bear market territory, which is when a marke...


Shoppers head to South Florida malls for last-minute Christmas gifts

Target will stay open until 10 p.m. on Christmas Eve . And so does Kohl's which has been open non-stop since 7 a.m. on December 21. Foodarama Market: Ch...


Nasdaq in bear market, first of the three major USA indexes

The Dow Jones tumbled more than 400 points in a rough week as investors grew skittish following the Federal Reserve's decision to enact a rate hike as l...


Tobacco Giant Altria Takes $13 Billion Stake In Juul Labs

Under the agreement, Altria's only entry into the e-cigarette market will be through Juul for at least six years. Altria also brings years of lobbying experti...


Congress on verge of approving temporary spending bill to avert government shutdown

McCarthy said that if the House passed a bill with border funds and the Senate stripped the money back out, "the president wouldn't sign it". Initially, in a me...


Trump Wants Feds To 'Feel The Market' Instead Of Using 'Meaningless Numbers'

On December 17, in a tweet sent one hour before stock markets were due to open, Trump wrote: "It is incredible that with a very strong dollar and virtually ...


After May asks for help, Germanys Merkel says no more Brexit negotiations

It comes days after May postponed a vote to approve the divorce deal to avoid all-but-certain defeat. She said she has listened to them and that it is now time ...


Brexit chaos grows as Theresa May's colleagues seek to oust her

Brady said the vote would be held in Parliament between 18.00 GMT and 20.00 GMT (11.30 pm and 1.30 am) on Wednesday, with the results announced soon after. A Br...


Trump's Push for Tariffs Squeezes a Weakening Global Economy

The disarray surrounding the China deal coincides with a global economy that faces other challenges: Britain is struggling to negotiate its exit from the Eur...


‘No deal or no Brexit’ if Britain’s MPs reject agreement - EU’s Tusk

Labour, the Lib Dems, the SNP, the DUP and many Tory MPs have said they will vote against the agreement, which has already been agreed between the United Kingdo...


MBS mingles with G20 leaders as Trump fuels summit tensions

Left alone on the world stage, President Macri after US President Donald Trump walked off stage. The Trump-Xi meeting was set to be the marquee event of Tru...


Saudi Crown Prince Departs Bahrain

Saudi Crown Prince Mohammed bin Salman and Bahraini King Hamad bin Isa Al Khalifa opened a new oil pipeline between the two countries on Monday, the Saudi P...


General Motors to close Lordstown plant

Barra is reducing staff from operations that make conventional cars and hiring people who can design electric cars or add software prowess to GM Cruise LLC, the...


FDA: California Could Be Source Of Romaine Lettuce Tainted With E. coli

Authorities in the United States have reported 32 cases of E. coli , 13 of which involved a person who was hospitalized. The Canadian Food Inspection Agency ...


Oil prices collapse as OPEC sees production outpacing demand

More recently, and in response to the sanctions, Saudi Energy Minister Khalid al-Falih announced on Monday, a major cut in oil production in a bid to rebalance ...


Apple falls below $1tn despite revenue and profit rise

Apple Inc has warned that sales in the holiday quarter, likely will not meet the expectations of wall street, CEO Tim cook explained the weakness in emerging...


Stocks dip again on worries about tech, tariffs

The sources stressed however that the new tariffs have not yet been finalised. There were major swings on Wall Street yesterday, with the Dow moving in a rang...


Oil falls on oversupply worries despite Iran sanctions

In recent weeks, the oil market has carefully watched growing strains in the U.S. -Saudi relationship over the killing of Saudi journalist Jamal Khashoggi . ...


Look China rich help drive global billionaire wealth to $12.3 trillion

At the current rate, UBS and PwC expect Asia-Pacific billionaires to be wealthier than their U.S. peers in under three years. China now has the highest concen...


Tesla faces Federal Bureau of Investigation probe over Model 3 numbers

Earlier this year, Musk pledged to step up production of the Model 3 to 5,000 vehicles per week by the end of the second quarter. "We continue to question...


Text leads to Mega Millions win for Virginia woman

Even as stock markets sank again, one person (or group) made a lot of money this past week: the yet-to-be-identified holder of the single ticket that won the M...


Winning the Mega Millions lottery? Here’s how much you’ll really keep

Players also have a chance at winning the Powerball jackpot , which is now up to $620 million. On Monday, they kept the projected jackpot at $1.6 billion b...


Saudi Energy Minister: Cant cover Iran's oil production

Mr Falih added that Saudi Arabia will raise oil output to 11 million barrels per day from 10.7 million. "We will meet any demand that materializes", Al-Fali...


Moody's cuts Italy's credit rating one notch; stable outlook

He said the letter is not final and there is still time which should be "used productively" to continue to exchange views. Interior Minister Matteo Salvini ...


Saudis don't know how Khashoggi was killed, incident was ‘aberration, mistake’ - FM

Five high-ranking officials in the Saudi government were fired Friday and 18 were arrested in connection with Khashoggi's death, according to reports . Trump...


Sears files for Chapter 11 bankruptcy

Sears, once the world's largest retailer, has now officially filed for bankruptcy, while announcing plans to close another 142 unprofitable Sears and Kmart stor...


China's September trade surplus with US widens to record $34.13 billion

The United States and China are now locked in an escalating trade war with the Trump administration imposing penalty tariffs on billions of dollars in Chinese...