Iran outlined plans on Thursday for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.
Fiat Chrysler Automobiles NV’s plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit’s initial public offering on the New York Stock Exchange. Fiat Chrysler, which has estimated the supercar division’s value at more than $11 billion, plans to complete the separation in early 2016, the Italian-American manufacturer said in a filing with the U.S. Securities and Exchange Commission. The stock
Despite a slowdown in subscriber growth, the Internet is still propelling Comcast. The movies and theme parks in its NBCUniversal entertainment unit also bolstered results in the quarter. The country’s …
San Francisco-based Wells Fargo & Co. recently surpassed Industrial & Commercial Bank of China Ltd. as the lender with the largest market value in the world. Now, Wells Fargo’s market capitalization is approaching $300 billion, a first for a U.S. bank—and $42 billion and $120 billion more than J.P. Morgan Chase & Co. and Citigroup Inc., respectively.
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Apple’s stock has sunk in after-hours trading and is on course to write a new page in the history books.
U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual rate of 5.49 million units, the highest level since February 2007. Existing
The only thing that’s truly changed over the past week is stock prices and the investor emotions and expectations that rose with them.
Fannie Mae , the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week’s sale of similar maturities. Fannie Mae said …
Gold futures retreated for a 10th day in the longest run of losses since 1996 as Goldman Sachs Group Inc. predicted further declines and investors sold more through funds. Bullion has fallen out of favor with investors as the Federal Reserve prepares to raise interest rates, boosting the dollar and hurting gold’s allure. Prices could fall below $1,000 for the first time since 2009, Jeffrey Currie, Goldman’s New York-based head