Economy

Rep. Alexandria Ocasio-Cortez Wants to Dismantle Department of Homeland Security

Rep. William Lacy Clay (D., Mo.), who is black, called out Ocasio-Cortez for her comments on Pelosi. "It was such a weak argument to say she was being picked ...


Air Canada flight lands in Hawaii after severe turbulence - 25 injured

The number of passengers on the plane totalled 269. The aircraft was forced to turn around, before requesting an emergency landing in Honolulu. The carrier's ...


Tropical Storm Barry forms in Gulf; track includes New Orleans

The system is projected to make landfall late Friday or early Saturday, and here's Weather Nation's current satellite image . At 1000 AM CDT (1500 UTC), th...


Dow tops 27,000, healthcare in spotlight after Trump's decision on rebate

The chairman's remarks led investors to send stock prices up, bond yields down and the value of the US dollar lower on expectations of lower interest rates ....


Dow Suddenly Recovers After Fed Chair Powell Tees Up a Rate Cut

In his prepared statement, Powell said that since Fed officials met last month, "uncertainties around trade tensions and concerns about the strength of the glob...


Prime, Inc. sues Amazon over trademark infringement

Thanks to retailers like Walmart , you can bag some great deals before and during this year's Amazon Prime Day without having to pay a membership fee to be a...


Richard Branson's Virgin Galactic is going public

The following are the top stories in the Wall Street Journal . Richard Branson's Virgin Galactic will merge with a New York-listed company to become the wo...


Deutsche Bank Begins a Massive Transformation - Cuts 18 000 Jobs

A bank spokeswoman would not comment on specific departures but said the bank would be communicate directly with employees and would be "as responsible and sens...


U.S. economy adds 224000 jobs in June

Most investors have anticipated a rate cut in July and perhaps one or two additional Fed cuts later in the year. But, President Trump said that the economy...


Erdogan says Turkish cenbank chief ousted for refusing rate cuts

The Turkish leader called for lowering the interest rates to boost the economy , describing high rates as "the mother and father of all evils". Though no rea...


Jobs spike makes it tough to cut interest rates

USA construction employment rose by 21,000 jobs last month after gaining 5,000 in May, while government payrolls rebounded by 33,000 after shedding 11,000 jobs ...


US stocks close at record highs on dovish Fed hopes

The Nasdaq rose 61 points, or 0.8%, to 8,170. The S&P 500 is up more than 1% week-to-date and posted back-to-back record closes on Tuesday and Wednesday. "We'...


Peter Switzer - The Reserve Bank cuts interest rates to 1%

Recent figures show that unemployment has risen steadily over the past months, sitting at 5.2%. "It would be unrealistic to expect that lowering interest rate...


United States auto industry icon Lee Iacocca dies at 94

Lee Iacocca's greatest claim to fame, at least for collector vehicle people, is that he was the visionary Ford executive who made the Mustang happen. Iacoc...


OPEC makes deal to extend cuts on oil production until March 2020

President Donald Trump, who has demanded OPEC leader Saudi Arabia supply more oil and help reduce fuel prices if Riyadh wants U.S. military support in its stand...


Russia, Saudi Arabia agree to prolong OPEC oil agreement

The measure had first been implemented back in 2017 when the OPEC was determined to ensure that stock of oil at a global level got drained. The prospect of ...


Lego parent buys Madame Tussauds owner Merlin for £5 bil

The Kirk Kristiansen family, through its Kirkbi investment vehicle, was already Merlin's largest shareholder with a 30% stake. Kirkbi, which has joined forces...


US ‘loosening’ Huawei ban, but company remains on blacklist: Trump adviser

Trump also offered an olive branch to Xi on Huawei Technologies Co, the world's biggest telecom network equipment maker. The statement is in reference to the U...


Alabama auto dealership offering Bible, shotgun, American flag with every vehicle purchase

The dealership announced the promotion with a Facebook post titled "GOD, GUNS , and FREEDOM". Hurry up, the offer only runs from July 4th through July 31...


FedEx refused a Huawei phone to the U.S. amidst Huawei ban

She added that the company is trying to minimize disruptions to customers as "we adjust operations to comply with a dynamic United States regulatory environment...