Markets

admin September 20, 2018

Sky’s fate is likely to be decided in a one-day auction between Comcast and 21st Century Fox. The UK Takeover Panel announced Thursday it would hold an auction for the European broadcaster on Saturday if there’s no resolution to the long-running takeover battle by close of business on Friday. Sky (SKYAY) has been the subject […]

admin September 20, 2018

US stocks are moving toward all-time highs despite the trade war with China. That’s because investors are thinking long term, according to Mohamed El-Erian, chief economic adviser at Allianz. “Ultimately, this is going to be resolved in a way that still leaves a free but fairer trade system,” he told CNN’s Alison Kosik on Wednesday […]

admin September 19, 2018

The United States has an abundance of natural gas that pollution-riddled China badly needs to wean itself off coal. Eying China’s voracious demand, Cheniere Energy, ExxonMobil (XOM) and other American energy companies are racing to build more than two dozen expensive facilities to export liquefied natural gas, which is super-cooled natural gas that can be […]

admin September 19, 2018

Two weeks ago, Walmart asked the Trump administration to walk back its plan to put tariffs on Christmas lights, shampoo, dog food, luggage, mattresses, handbags, backpacks, vacuum cleaners, bicycles, cooking grills, cable cords and air conditioners. In a letter to US Trade Representative Robert Lighthizer, the company said expanded tariffs on Chinese imports would hurt […]

admin September 19, 2018

Click chart for more in-depth data. 1. Trade war developments: Global markets appear largely unfazed by the latest escalation in the trade war between the United States and China. The Trump administration announced Tuesday it will hit $200 billion worth of Chinese goods with new tariffs. China immediately retaliated, saying it will impose tariffs on […]

admin September 19, 2018

Wall Street doesn’t seem to care about the escalating trade war between the United States and China. The Dow jumped 175 points and the Nasdaq climbed 1% on Tuesday despite Washington and Beijing pushing ahead with another round of punishing tariffs. Investors are betting the US economy will continue to power ahead of the rest […]

admin September 18, 2018

United Airlines wants to cut delays. Its solution: Fewer lines. The airline on Tuesday changed its boarding process: United reduced the number of boarding lines from five to two. Passengers in groups one and two will board in a single line. Remaining passengers will be asked to remain seated until they are called to board […]

admin September 18, 2018

Tesla stock is falling after a report that the Justice Department has opened a criminal investigation into public statements by CEO Elon Musk. The probe was reported Tuesday by Bloomberg. Shares of Tesla (TSLA) quickly tumbled 6% before recovering somewhat. Tesla did not immediately respond to a request for comment. CNN has reached out to […]

admin September 18, 2018

Click chart for more in-depth data. 1. Trade war escalates: The Trump administration has announced a new round of tariffs on Chinese goods worth $200 billion that will go into effect next week. President Donald Trump had urged his advisers to press forward with the tariffs, even as Washington and Beijing worked to restart trade […]

admin September 18, 2018

Vernon Unsworth, the caver accused by Elon Musk of being a pedophile, filed a defamation lawsuit against the Tesla CEO on Monday. “Elon Musk falsely accused Vern Unsworth of being guilty of heinous crimes,” Unsworth’s attorney L. Lin Wood said in a statement. “Musk’s influence and wealth cannot convert his lies into truth or protect […]