Tesla may keep cutting prices in ‘turbulent times’, Musk says
(Reuters) -Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”,…
Nokia profit falls as North American slowdown dents margins
(Reuters) – Finnish telecom gear group Nokia (NYSE:NOK) on Thursday reported a drop in second-quarter profit due to a decline…
European shares slip as investors digest mixed earnings
(Reuters) – European shares edged lower at open on Thursday, as investors assessed mixed earnings from companies in the region…
US retailers push for deal in UPS-Teamster talks as deadline looms
(Reuters) – A U.S. retail industry group on Wednesday urged United Parcel Service (NYSE:UPS) and the Teamsters union to reach…
Bain Capital raises $1.15 billion for first fund dedicated to insurance investments
(Reuters) – Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as…
U.S. Bancorp posts rise in net interest income on higher rates
U.S. Bancorp (NYSE:USB) reported a jump in net interest income on an annual basis in the second quarter thanks in…
Democratic senator wants new taxes on private jet travel
(Reuters) – Senator Ed Markey on Wednesday said he is proposing additional taxes on private jet trips to address the…
Brent oil hovers above $80 as inflation worries ease
(Reuters) – The Brent crude oil benchmark hovered above $80 a barrel on Wednesday, buoyed by China’s pledge to reinvigorate…
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.14%
Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Transport, Cement and Hotels & Tourism…
Wall St climbs as investors assess bank earnings
(Reuters) – Wall Street rose on Wednesday as investors looked past second-quarter earnings from Goldman Sachs (NYSE:GS), while taking comfort…