Automakers reported rising U.S. vehicle sales in April, though some large companies missed analysts’ estimates. Low fuel prices continue to drive demand for pickups and sport utility vehicles.
The billionaire investor believes the Fed won’t be in any hurry to increase rates-in part because of the softer U.S. economy.
The short seller who sparked allegations that Lumber Liquidators Holdings Inc. sold Chinese-made flooring with toxic levels of formaldehyde is now accusing Lowe’s Cos. of similar misdeeds. “New evidence has come to my attention that Lumber Liquidators may not have been the lone violator when it comes to laminate floor sourcing,” Xuhua Zhou said in a report posted on the Seeking Alpha website on Friday. Zhou — who is shorting
Elon Musk hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit.
The stock market is struggling with a sudden leadership crisis, and, as a new month gets underway, U.S. investors will lack the usual clues from European stocks.
U.S. construction fell in March as an increase in nonresidential construction was offset by declines in home building and government projects. Construction spending dropped 0.6 percent to a seasonally …
Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in April, keeping Middle East production well above demand. The two global crude benchmarks rose between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease, following the June-to-January sell-off that halved prices from above $100 a barrel.
The reliance on refining operations mirrored results at large, integrated rivals Exxon Mobil Corp (XOM.N) and Royal Dutch Shell (RDSa.L), as such companies tend to lean on their refining divisions for profit during times of cheap oil. Oil prices (CLc1) (LCOc1) have slumped more than 40 percent since June amid a glut of global supply. “The good thing about the quarter is that it’s over,” said Fadel Gheit, an oil
Police in southern China raided the office of U.S. car-hailing app Uber after the Chinese government in January banned drivers of private cars from offering such services through apps. A statement by the …
We laughed, we cried, we said goodbye to the “longest-serving member of the greatest f—king news team,” The Daily Show’s Samantha Bee. Jon Stewart and The Daily Show…
