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Business News

Saturday, Oct 13, 2018 at 04:16 AM EDT

Trump's Business Ties to Saudi Kingdom Run Long and Deep

Trump's Business Ties to Saudi Kingdom Run Long and Deep

President Donald Trump's ties to Saudi Arabia run long and deep, and he's often boasted about his business ties with the kingdom. "I love the Saudis," Trump said when announcing his presidential run at Trump...

Saturday, Oct 13, 2018 at 12:48 AM EDT

Prospect of China Talks Raises Hope for Thaw in Trade War

Prospect of China Talks Raises Hope for Thaw in Trade War

With China and the United States opening the door to a meeting next month between Presidents Xi Jinping and Donald Trump, hopes are rising for a potential easing of tensions in the trade war between the world's...

Friday, Oct 12, 2018 at 02:09 PM EDT

Elon Musk's Tesla Seeks to Trademark 'Teslaquila'

Elon Musk's Tesla Seeks to Trademark 'Teslaquila'

An April Fool's joke may become a reality for billionaire entrepreneur Elon Musk. Tesla's CEO teased a Tesla-branded tequila earlier this year as part of a ruse on social media. On Monday, the company...

Friday, Oct 12, 2018 at 12:29 PM EDT

Cryptocurrencies Continue Plunge With Another $6 Billion of Value Wiped Out in a Day

Cryptocurrencies Continue Plunge With Another $6 Billion of Value Wiped Out in a Day

Over $6 billion was wiped off global cryptocurrency markets in a day, led by XRP and ethereum as prices of digital coins continued to fall. The entire market capitalization or value of cryptocurrencies had...

Friday, Oct 12, 2018 at 11:27 AM EDT

Despite Sell-Off, Your 401(k) Should Be Fine If You Don't Mess With It

Despite Sell-Off, Your 401(k) Should Be Fine If You Don't Mess With It

Though the recent stock market volatility is likely giving investors motion sickness, financial advisors are reminding them that it might be best for them to hang on through the decline. The Dow Jones...

Friday, Oct 12, 2018 at 05:08 PM EDT

Tech Stock Rally Helps Snap Losing Streak as Rough Week Ends

Tech Stock Rally Helps Snap Losing Streak as Rough Week Ends

Stocks rebounded Friday, clawing back some of the week's steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Maj...

Friday, Oct 12, 2018 at 09:14 AM EDT

Retailers Up Their Game After Toys R Us Closures

Retailers Up Their Game After Toys R Us Closures

When Toys R Us closed its doors, customers mourned the loss of a beloved brand that conjured memories of their own childhood. Retailers, on the other hand, saw an opportunity. Rather than cede any more ground...

Friday, Oct 12, 2018 at 10:44 AM EDT

Lawsuit: NYC Woman Sexually Assaulted By 2 WeWork Employees

Lawsuit: NYC Woman Sexually Assaulted By 2 WeWork Employees

A former WeWork employee was sexually assaulted by two fellow WeWork employees at company-wide events — incidents enabled by the coworking giant's "entitled, frat-boy culture," a new lawsuit charges. Ruby...

Friday, Oct 12, 2018 at 03:51 AM EDT

Stock Market Experts Say This Is a Stumble, Not a Plunge

Stock Market Experts Say This Is a Stumble, Not a Plunge

Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days...

Friday, Oct 12, 2018 at 02:16 AM EDT

China Trade Surplus With US Widens to Record $34.1B

China Trade Surplus With US Widens to Record $34.1B

China's trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war. Exports to...

 

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