• Dollar rises broadly; euro slips on German business sentiment drop
    Reuters12 minutes ago

    Dollar rises broadly; euro slips on German business sentiment drop

    German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions hurt the industrial engine of Europe's largest economy. "The broader importance of the German data is that market participants had been hoping that the rebound in Chinese monetary conditions

  • Bank of Canada holds interest rate, drops growth forecast for 2019
    The Canadian Press5 minutes ago

    Bank of Canada holds interest rate, drops growth forecast for 2019

    The Bank of Canada is keeping its key interest rate unchanged as it releases a downgraded 2019 growth forecast that includes a prediction the economy nearly came to a halt at the start of the year. The decision leaves the trend-setting rate at 1.75 per cent for a fourth-straight announcement — a pause

  • Oil hovers around six-month high as U.S. stocks rise
    Reuters13 minutes ago

    Oil hovers around six-month high as U.S. stocks rise

    U.S. crude stocks rose by 6.9 million barrels last week, more than expected, data from the industry group American Petroleum Institute showed on Tuesday. "The focus will return today to the micro-picture of the U.S. data," Petromatrix's Olivier Jakob said in a note. The International

  • TSX falls as financials drop ahead of BoC rate decision
    Reuters14 minutes ago

    TSX falls as financials drop ahead of BoC rate decision

    Canada's main stock index fell on Wednesday, as financial shares slipped ahead of an interest rate decision by the Bank of Canada. * At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was down 33.97 points, or 0.2 percent, at 16,635.43. * Canada's central bank

  • Americans see politics as the biggest economic threat: survey
    Yahoo Finance15 minutes ago

    Americans see politics as the biggest economic threat: survey

    Politics has dominated the American news cycle for the past three years, and it’s now dominating people’s economic concerns.

  • Reports Huawei to supply UK networks draw criticism
    The Canadian Press19 minutes ago

    Reports Huawei to supply UK networks draw criticism

    British officials downplayed reports that Prime Minister Theresa May will allow China's Huawei to supply parts of the U.K.'s new internet network, a decision that goes against U.S. pleas to ban the firm as it could help Beijing's spying efforts. British media reported Wednesday that the

  • Lululemon plans to double revenue from men's line, digital sales by 2023
    The Canadian Press20 minutes ago

    Lululemon plans to double revenue from men's line, digital sales by 2023

    Lululemon Athletic Inc. says it will focus efforts to double revenue from men's products and digital revenue, and quadruple international revenues by 2023. Lululemon says growing its men's line will be part of its ongoing product innovation that includes expanding its core women's business

  • Ford to invest $500M in electric vehicle startup Rivian
    The Canadian Press23 minutes ago

    Ford to invest $500M in electric vehicle startup Rivian

    Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings. Ford Motor Co. will become a minority partner in Rivian, which is based outside of Detroit and recently rolled out

  • Caterpillar slips as disappointing construction sales point to China weakness
    Reuters24 minutes ago

    Caterpillar slips as disappointing construction sales point to China weakness

    Shares of the heavy-duty equipment maker, a bellwether for economic activity whose results often influence global stock market sentiment, fell more than 2 percent, overturning an initial rise due to overall results that were flattered by a tax gain. The world's largest heavy duty equipment maker

  • Facebook Analysts Expect Earnings Will Reinforce Rebound
    Bloomberg24 minutes ago

    Facebook Analysts Expect Earnings Will Reinforce Rebound

    Facebook’s recent gains have come on signs that controversies over user data and privacy haven’t had an appreciable impact on usage, particularly at fast-growing Instagram. According to estimates compiled by Bloomberg, Wall Street is looking for 1.56 billion daily active users in the quarter and roughly

  • Trump's ‘Zero’ Pledge on Iran Oil Sales Tests Key Relationships
    Bloomberg24 minutes ago

    Trump's ‘Zero’ Pledge on Iran Oil Sales Tests Key Relationships

    The move puts the administration in direct conflict with Iran oil customers that are important to the U.S. in different ways, and it risks hampering important initiatives on trade and security, from China to South Korea, India and Turkey. A central question for oil traders -- and political analysts

  • U.S. Stocks Slip From Record as Dollar Advances: Markets Wrap
    Bloomberg25 minutes ago

    U.S. Stocks Slip From Record as Dollar Advances: Markets Wrap

    U.S. equities edged lower along with European stocks as investors assessed corporate earnings and economic data. The Stoxx Europe 600 Index threatened to snap the longest run of gains since 2017. U.S. stocks have been on a tear since late last year, but the fresh record Tuesday appears to have triggered

  • Ford invests $500 million to develop an all-new electric vehicle with start-up Rivian
    CNBC24 minutes ago

    Ford invests $500 million to develop an all-new electric vehicle with start-up Rivian

    Ford says it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. CNBC's Phil LeBeau reports.

  • eBay Gains as Strong Outlook Offsets Analysts' Doubt on Volumes
    Bloomberg27 minutes ago

    eBay Gains as Strong Outlook Offsets Analysts' Doubt on Volumes

    While analysts expressed some caution about the company’s gross merchandise volume (GMV) and Marketplaces business, the takeaway was broadly positive, with at least four firms raising their price targets. Affirms neutral rating, price target raised to $39 from $36. Affirms buy rating and lifts price

  • Dow hugs the flat line as Caterpillar's stock declines
    Yahoo Finance30 minutes ago

    Dow hugs the flat line as Caterpillar's stock declines

    Stock futures pointed to a higher open amid another busy day for corporate earnings reports, which featured a before-the-bell docket of industrial heavyweights Caterpillar and Boeing.

  • Oil Prices Set to Climb Higher Again: 1 Stock That Could Break Out!
    The Motley Fool33 minutes ago

    Oil Prices Set to Climb Higher Again: 1 Stock That Could Break Out!

    Enbridge Inc (TSX:ENB)(NYSE:ENB) is near its high for the year but the stock still has a lot of potential to climb even further.

  • Trump's Gulf Backups to Iran Aren't Good Enough for Turkey
    Bloomberg36 minutes ago

    Trump's Gulf Backups to Iran Aren't Good Enough for Turkey

    “Iranian oil isn’t cheap but there is a big difference” with the price of Saudi and U.A.E crude, Turkish Foreign Minister Mevlut Cavusoglu said at a reception in Ankara, according to state-run TRT television. “The U.S. is taking a decision and wants all countries to comply with it. The Trump administration

  • Caterpillar Climbs as Mining Business Boosts Results
    Bloomberg38 minutes ago

    Caterpillar Climbs as Mining Business Boosts Results

    At the same time, inventories grew, and Caterpillar flagged declining market share and “aggressive pricing” from competitors in China. Chief Financial Officer Andrew Bonfield said China’s demand for construction equipment will grow this year, though the company’s sales are expected to be flat.

  • Occidental offers $57 billion for Anadarko, topping Chevron
    Reuters9 minutes ago

    Occidental offers $57 billion for Anadarko, topping Chevron

    The surprise $76-per-share bid comes after Occidental had been trying to woo Anadarko and had made two other proposals since late March. A deal would make Occidental the largest producer of oil in west Texas's Permian basin, where production has boomed in recent years. The bid pushed Anadarko shares

  • Bloomberg39 minutes ago

    Ford Joins Amazon Investing in Electric Truck Maker Rivian

    The second-biggest U.S. automaker also is forming a partnership with Rivian, which Amazon.com Inc. backed with an investment announced in February. Ford will build a vehicle using the platform that Rivian founder R.J. Scaringe said last week he plans to share with several companies. Ford plans to bring

  • Occidental Bids $38 Billion for Anadarko in Plan to Beat Chevron
    Bloomberg47 minutes ago

    Occidental Bids $38 Billion for Anadarko in Plan to Beat Chevron

    (Bloomberg) -- The first major bidding war has broken out in the Permian.

  • Berkshire Hathaway Says It's Not in Talks to Buy Bankrupt PG&E
    Bloomberg48 minutes ago

    Berkshire Hathaway Says It's Not in Talks to Buy Bankrupt PG&E

    The utility jumped in early morning trading after SparkSpread reported the legendary investor was eyeing the power supplier brought low by California wildfire liabilities. PG&E, which went into bankruptcy in January, has a market value of $11.4 billion. Jessi Strawn, a spokeswoman for Berkshire Hathaway

  • Boeing abandons financial outlook, stops buybacks after 737 MAX groundings
    Reuters9 minutes ago

    Boeing abandons financial outlook, stops buybacks after 737 MAX groundings

    Chicago-based Boeing is now reckoning with a blow to its reputation and the financial cost of getting the planes back in the air. It met sharply lowered Wall Street profit estimates, largely due to stopping deliveries of the 737 MAX jets and a slowdown in production. During a conference call later

  • The Canadian Press51 minutes ago

    Rehab patients' unpaid work for big companies likely illegal

    A nationally renowned drug rehab program in Texas and Louisiana has sent patients struggling with addiction to work for free for some of the biggest companies in America, likely in violation of federal labour law.The Cenikor Foundation has dispatched tens of thousands of patients to work without pay