August 16, 2019

Rental firm walks away from Tesla order after quality dispute

Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over […]
August 16, 2019

U.S. drillers add oil rigs for first week since June: Baker Hughes

U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks despite plans by most producers to cut […]
August 16, 2019

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and […]
August 16, 2019

PES up against the clock to sell Philadelphia refinery in cash crunch

Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning […]
August 16, 2019

Dollar firms, stocks soar on ECB rate cut expectations

The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy […]
August 16, 2019

Deere to slash costs after trade war hits earnings

Deere & Co. on Friday announced a review of costs after quarterly profits yet again missed Wall Street’s estimates, hurt by bad weather and the U.S.-China […]
August 16, 2019

Germany’s Nextmove cancels Tesla order, citing quality issues

German car rental firm Nextmove has canceled the bulk of a 100-vehicle order from Tesla worth 5 million euros ($5.54 million) over quality problems with the […]
August 16, 2019

Wall Street climbs at end of turbulent week

Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in U.S. stocks on Friday, as […]
August 16, 2019

U.S. surfboard makers not so stoked about China tariffs

President Donald Trump’s decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China – but not […]
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