October 5, 2018

U.S. job growth cools; unemployment rate drops to 3.7 percent

U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low […]
October 5, 2018

Daimler starts building electric car batteries in Tuscaloosa

Daimler on Friday said it will start building a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama, […]
October 5, 2018

N.Y. Fed lowers U.S. Q3, Q4 GDP growth view

U.S. gross domestic product is expanding at a 2.27 percent clip in the third quarter, slower than the 2.47 percent pace calculated a week ago, the […]
October 5, 2018

J.P. Morgan to settle allegations of violating sanctions: U.S. Treasury

J.P. Morgan Chase Bank has agreed to pay $5.3 million to settle allegations it violated Cuban Assets Control Regulations, Iranian sanctions and Weapons of Mass Destruction […]
October 5, 2018

Are transportation stocks the market’s canary in a coal mine?

The U.S. transportation sector, which many see as a proxy indicator of the economy’s health, has retreated 2.3 percent from its Sept. 14 record, hinting to […]
October 5, 2018

Danske shares slide as U.S. criminal inquiry spooks investors

Danske Bank’s deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact […]
October 5, 2018

Tesla shares fall after Musk mocks SEC on Twitter

Shares of Tesla Inc fell as much as 4 percent on Friday, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud […]
October 5, 2018

Oil prices rise on Iran sanctions, outlook uncertain

Oil prices crept back towards four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. Powered by WPeMatico
October 5, 2018

South Korea’s appeals court suspends Lotte Group chief’s jail sentence

A South Korean appeals court said on Friday it found the chairman of Lotte Group guilty of charges including bribery and breach of trust, but suspended […]
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