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Fact checking Trump's claims that the US oil and gas industry is 'back' and 'expanding.' He's wrong. Washington (CNN) Last week, President Donald Trump visited Midland, Texas, a region deep in the heart of the West Texas oil patch. Ostensibly there for a fundraising event, Trump gave a speech in which he essentially claimed victory over the crash in oil ...
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Dollar stumbles as investors await US stimulus breakthrough SINGAPORE (Reuters) - A rebound in the dollar faltered on Tuesday as political wrangling over a U.S. relief plan and the gloomy economic outlook kept investors shy of the currency. FILE PHOTO: A man counts U.S. dollar banknotes next to Lebanese pounds ...
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Dollar dented as yields dive on recovery worries SINGAPORE (Reuters) - The dollar was under pressure on Wednesday from a towering euro and crumbling U.S. yields, as the latest coronavirus relief package got bogged down in Congress and investors braced for a bumpy ride to economic repair.
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BP halves dividend after record loss, speeds up reinvention LONDON (Reuters) - BP (BP.L) cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon ...
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The electric vehicle bubble, minus Tesla, has 'started to burst,' Jim Cramer says CNBC's Jim Cramer warned investors against over-speculation in the electric vehicle market. "The bull market in Tesla is real and it's spectacular. The bull market in the rest of the electric vehicle plays feels way less substantial, and once again I'm warning ...
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How Kodak went from photography pioneer to pharmaceutical producer New York (CNN Business) Kodak is back in the news again after some time flying under the radar, and for a somewhat surprising reason: The Trump administration has tapped the legacy film and photography pioneer to produce pharmaceutical ingredients.
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Class Action Lawsuit Claims TikTok Steals Kids' Data And Sends It To China Dozens of families are suing TikTok in what has turned into a major legal action in federal court. More than 70 minors, through their parents, are alleging that the video-sharing app collects information about their facial characteristics, locations and close ...
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Why Gold Prices Are Hitting All-Time Highs Gold prices hit a record at the end of last week, notching a new milestone in a bull run that began in late 2018 and has gathered momentum during the coronavirus pandemic. The precious metal has soared roughly 30% in 2020 to stop just short of closing at ...
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Sterling benefits from dollar weakness but hurdles loom LONDON (Reuters) - Sterling advanced on Tuesday thanks to a deepening dollar rout though concerns of a second wave of virus infections and a central bank policy meeting later this week capped gains. FILE PHOTO: Pound Sterling notes and change are ...
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Covid-19 Vaccine Front-Runners Impress Investors, but Concerns Exist Investors are growing more convinced Covid-19 vaccines will work. They aren't as sure shares of vaccine companies can keep soaring. The investors, along with analysts and others scrutinizing the results from early trials, say the most advanced vaccine ...
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