Yahoo Finance FTC Sparks Debate: Can One Texas Oilman Move the Price of Crude?
The regulator alleges Scott Sheffield attempted to collude with rivals and OPEC oil ministers to limit production.
The regulator alleges Scott Sheffield attempted to collude with rivals and OPEC oil ministers to limit production.
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves Court ‘Free Man,’
A group of eight migrant workers from Mexico has been awarded a total of more than $23,000 in lost compensation from a seafood company based in southwest Nova Scotia.In a decision from the Nova Scotia Labour Board released on June 14, chair Jasmine Walsh ordered Lower Wedgeport-based Ocean Pride Fisheries Ltd. to compensate the workers for deductions from their wages, missing hours, and pay that should have been provided in lieu of notice of termination.The workers first filed complaints in Sept
U.S. prosecutors have recommended Boeing face criminal charges over allegedly violating a deferred prosecution agreement related to two fatal crashes. Global’s Sean Previl reports on what that impact could be and why the company has a long road to regain the public's trust, even if no charges are laid.
Amidst a landscape where the Canadian market shows resilience with steady economic growth and rising stock values, consumer sentiment remains tepid, reflecting a complex interplay of economic factors. In such an environment, identifying stocks that are potentially undervalued becomes particularly compelling as they may offer opportunities for investors seeking value in a market where broader indices have been performing robustly.
The chip maker looks to have been hit by fears over a potentially stretched valuation and news that CEO Jensen Huang has been selling stock through a trading plan.
There's a stark difference when 32-year-old Olivia Polk compares her life to how her mom's looked at the same age.In terms of owning a home and a car, or having a family, "I don't have any of those things, and I don't imagine that I will any time soon," she said.Until recently, Polk worked for a Halifax organization that provides affordable housing, saw herself as middle class and made well above minimum wage.But despite sharing living expenses with her partner, she said they still live paychequ
(Bloomberg) -- Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Fr
Huawei Technologies has emerged as the big winner in China's smartphone market for the recently-concluded midyear 618 shopping festival with the biggest jump in sales and the smallest discounts, according to the latest data from Counterpoint Research. Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company's latest handsets, including those from the Mate 60 and Pur
Airbus stock dropped 11% after it announced reduced delivery targets for its planes, and pushed back the date for increased A320neo output.
DALIAN, China (Reuters) -China's Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the U.S. and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies. Li's comments come as China and the European Union prepare to host technical talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) imported into the 27-strong bloc and after the United States unveiled steep tariff hikes on an array of Chinese imports, including EV batteries, in May. "China's production of advanced electric vehicles, lithium-ion batteries and photovoltaic products, etcetera, first met our domestic demand, but also enrich global supply," Li said in opening remarks in the northeastern Chinese city on Tuesday.
One of the largest dealer management systems suspended its systems Wednesday to address the cyberattacks
Robin Zeng, the founder and chairman of Contemporary Amperex Technology Ltd (CATL), has urged Chinese electric vehicle (EV) builders and car component manufacturers to cease the price war engulfing the sector and focus on ensuring the reliability of their products. Speaking at the 15th Annual Meeting of the New Champions, also known as the Summer Davos, the boss of the world's largest EV battery maker joined the chorus of recent voices warning that such intense price competition may come at the
Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September. Arm Holdings CEO Rene Haas joins Market Domination Overtime to discuss the milestone and the British semiconductor company's outlook. Haas states that AI "is going to really, really change people's lives in terms of productivity, whether that's call centers that can become 100% automated, healthcare, bio-research where you can cut the research of a cancer drug from ten years to five years to three years. This is all going to be capable with AI. And then every device that we use, the data center, the automobile, your PC, your smartphone, they all need to run AI. There's no quibble around that." He notes that 70% of the world's devices use Arm chips, positioning them well in the overall AI race. He adds, "I think respectfully, the analysts maybe didn't quite understand or have an appreciation at the pace of which things were moving," pointing to how quickly AI has grown. He believes the technology will be a tailwind for both smartphones and Arm, stating, "Since most of these devices are already Arm-based and the software runs on Arm, it's pretty natural that we're going to be in the center of all of that." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
PARIS (Reuters) -Engine maker CFM's wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely one factor in Airbus' move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, cut profit forecasts and trimmed its 2024 delivery target, blaming shortages of engines and other parts and sending shares in Europe's largest aerospace group tumbling on Tuesday. CFM, a transatlantic venture of GE Aerospace and France's Safran, makes LEAP engines that power all Boeing 737 MAX jets and typically just over half of the competing Airbus A320neo family, where they compete with the Geared Turbofan of RTX subsidiary Pratt & Whitney.
Canada accused China of "anticompetitive practices" as it announced it is set to launch a public consultation exploring potential tariffs on Chinese electric vehicles (EVs), similar to that carried out by the US government. The month-long drive to solicit public opinion, which starts on July 2, will pave the way for policies to protect workers in Canada's automotive industry and its growing EV businesses from unfair trade practices, the Department of Finance said in a statement. At present, no C
China and Poland have agreed to cooperate on electric vehicles despite the European Union's recent decision to raise tariffs on Chinese imports. "Both sides will support the growth of two-way investments in electric vehicles, green development, logistics and other sectors," a joint action plan for 2024-27 said. The document, which aims to "strengthen the comprehensive strategic partnership" between the two countries, was issued after Chinese President Xi Jinping met his Polish counterpart Andrze
A construction trade union group says Canada's immigration system is failing both to prevent imminent labour shortages on B.C. job sites and to protect many of the people who come to do construction work.The B.C. Building Trades Council released a report Wednesday arguing both federal and provincial governments are not attracting enough international tradespeople to join the workforce, and those who do come are often coming through temporary programs that afford less pay and fewer rights."The sh
A woman filed a lawsuit on June 19 alleging she was raped by an on-duty US Mint police officer inside the Denver Mint in November 2022.
Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.