Interest rate angst trips up US equity bull marketNEW YORK: For nearly nine years, the global hunt for yield sent you to one place: the US stock market. On Friday, stocks took their biggest pounding since 2016 after the US government's monthly payrol...
Scary Friday could lead to scary Monday for marketsFriday's dramatic sell-off capped the worst week in two years for stocks, and investors were looking forward to Monday with trepidation. The wild ride, which shaved 3.8 percent off the S&P 500 , i...
‘Hey Mercedes’ – Daimler takes on Silicon Valley with hi-tech A-ClassAMSTERDAM: Daimler's new Mercedes A-Class, unveiled on Friday, includes the German automaker's own machine-learning and voice recognition technology in one of the industry's boldest attempts so far to...
Lands stripped from Utah monuments open to claims, leasesSALT LAKE CITY: The window opened Friday for oil, gas, uranium and coal companies to make requests or stake claims to lands that were cut from two sprawling Utah national monuments by President Trump...
Stock market loses nearly $1 trillion on the weekUS stocks lost nearly $1 trillion in this week's sell-off, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The S&P 500 fell 3.85 percent in its worst week since...
North Korea flouts sanctions, earning $200mn from banned exports: UNNorth Korea is flouting UN sanctions by exporting coal, iron, steel and other commodities banned under UN sanctions, earning nearly $200 million in revenue last year, a UN report said Friday. A UN pan...
Exxon profit misses expectations; sees $5.9bn tax gainHOUSTON: Exxon Mobil Corp, the world's largest publicly-traded oil producer, posted a lower-than-expected quarterly profit on Friday due to falling production and weakness in its chemical and refining...
Fed’s Yellen says solid economic growth means more rate hikes aheadOutgoing Federal Reserve Bank Chair Janet Yellen said on Friday that solid economic growth, faster wage increases, and a tightening labour market mean the U.S. central bank is likely to need to contin...