Motorists wait in line for hours to buy gasoline at a Pemex service station in Zapopan, Jalisco state. Ulises Ruiz | AFP | Getty Images In a double blow for Mexico, credit ratings agency Fitch downgraded the nation’s sovereign debt rating on Wednesday, citing risks posed by heavily indebted oil company Pemex and […]
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US refiners warn Trump: Mexico tariffs could send fuel prices higher
This Friday, Oct. 13, 2017, photo taken from upper Galveston Bay shows the Exxon Mobil Baytown refinery and chemical plant in Baytown, Texas. AP Photo | Frank Bajak U.S. refiners warned the Trump administration that tariffs on imports from Mexico could deliver a punishing blow to refiners and raise the […]
Fiat Chrysler withdraws merger proposal for Renault
FILE PHOTO: The logo of FIAT carmaker is seen on a vehicle in Cairo, Egypt, May 19, 2019. Picture taken May 19, 2019. REUTERS/Mohamed Abd El Ghany/File Photo Mohamed Abd El Ghany | Reuters Fiat Chrysler has withdrawn its merger proposal for Renault, a person familiar with the talks told […]
Investors are betting a recession is coming, Jim Cramer says
Investors are betting the economy is slowing and a recession is on the way, CNBC’s Jim Cramer said Wednesday. That explains the defensive stock rallies in PepsiCo (1.80%), Kimberly-Clark (1.57%) and Hershey (2.16%) during the session, he said, along with the roughly 5% surge in cloud stocks Salesforce and Okta. […]
US-Mexico negotiators fail to reach a deal on tariffs and immigration; talks to continue
The U.S. and Mexico failed to reach a deal on immigration issues during their Wednesday meeting. Officials met just days before 5% tariffs on all Mexican imports are set to kick in, while President Donald Trump was in the U.K. on a state visit. Trump announced the tariffs in a […]
Stocks making the biggest moves after hours: Cloudera, Stitch Fix, Five Below and more
Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Cloudera stock plummeted more than […]
Apple developers remain bullish on the iPhone, even as antitrust storm clouds gather
Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. Mason Trinca | Reuters As Apple CEO Tim Cook took the stage in San Jose, California, on Monday, dark clouds were forming over the company in Washington, DC. The Justice Department was […]
A festive mood at Apple’s conference for app makers, even as storm clouds gather
Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. Mason Trinca | Reuters As Apple CEO Tim Cook took the stage in San Jose, California, on Monday, dark clouds were forming over the company in Washington, DC. The Justice Department was […]
US measles cases surpass 1,000 for 2019 as CDC urges parents to vaccinate their children
This picture shows shows Antonia Diaz reacting as she receives the measles, mumps and rubella vaccine at the Rockland County Health Department in Haverstraw, Rockland County, New York. Johannes Eisele | AFP | Getty Images The number of measles cases in the U.S. this year had surpassed 1,000, the CDC […]
Wells Fargo considers appointing interim CEO to the position permanently, sources tell Reuters
Wells Fargo Rick Wilking | Reuters Wells Fargo board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two sources familiar with the board’s thinking. Parker was thrust into the position in […]