Getty Images The number of Americans filing applications for unemployment benefits fell to a five-month low last week, suggesting the labor market remains strong despite slowing job growth. Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted 204,000 for the week ended Sept. 7, the lowest level […]
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AB InBev is reportedly set to revive Budweiser Asia IPO with $5 billion float
Anheuser-Busch InBev is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said. AB InBev, which had aimed to raise as much as $9.8 billion through […]
France says it ‘cannot authorize’ Facebook’s libra project on European soil
France’s Bruno Le Maire. Eric Peirmont | AFP | Getty Images France is taking aim at big U.S. tech firms again — this time in the direction of Facebook‘s proposed cryptocurrency libra. Speaking at an OECD conference in Paris Thursday, French Finance Minister Bruno Le Maire said libra would put […]
Walmart is expanding its ‘unlimited’ grocery delivery service nationwide
A man pushes his shopping cart past bread for sale at a Walmart Supercenter store in Rosemead, California on May 23, 2019. Frederic J. Brown | AFP | Getty Images Walmart said Thursday it will be expanding a new “unlimited” grocery delivery service, which costs users $98 annually, to 1,400 […]
US is closing in on Saudi Arabia to become the world’s top oil exporter, IEA says
A worker walks through an oil production facility owned by Parsley Energy in the Permian Basin near Midland, Texas, August 23, 2018. Nick Oxford | Reuters The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia‘s position as the world’s leading oil exporter, after briefly overtaking the OPEC […]
Mexico may be an unexpected winner of the US-China trade war
Employees work on the assembly line of the Tiguan model, at the Volkswagen car plant in Puebla, central Mexico in 2018. PEDRO PARDO | AFP | Getty Images China and the United States are disrupting trade in much of the world with their trade war — but Mexico may be […]
Draghi is expected to unveil a huge new stimulus plan — but it’s a close call
Mario Draghi, president of the European Central Bank. Getty Images The European Central Bank (ECB) and its outgoing President Mario Draghi are caught in a “Catch 22”: The market is expecting so much stimulus on Thursday that it seems almost impossible to surprise on the upside. The economy is showing […]
ECB’s Draghi expected to unveil a huge new stimulus plan
Mario Draghi, president of the European Central Bank. Getty Images The European Central Bank (ECB) and its outgoing President Mario Draghi are caught in a “Catch 22”: The market is expecting so much stimulus on Thursday that it seems almost impossible to surprise on the upside. The economy is showing […]
Trump’s ‘small concession’ doesn’t mean the trade war is ending
President Donald Trump (L) and China’s President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing. Artyom Ivanov | TASS | Getty Images The U.S. and China have appeared to dial down their trade fight by announcing some concessions on […]
Tesla is testing a new Model S prototype with 3 motors, ‘Plaid’ powertrain
SpaceX chief Elon Musk answers questions after the 2019 SpaceX Hyperloop Pod competition at the SpaceX headquarters in Los Angeles on July 21, 2019. MARK RALSTON | AFP | Getty Images In a not so humble brag on Wednesday night, Tesla boasted that it beat the record for the fastest […]