The latest on developments in financial markets (All times local): Continue Reading Below 9:35 a.m. Stocks are opening moderately higher on Wall Street, led by gains in banks and technology companies. Wells Fargo rose 1.3 percent in early trading Thursday, and consulting firm Accenture jumped 3.8 percent after reporting earnings […]
FOX Business News
Georgia board to decide fate of $25 billion nuclear plant
ATLANTA – Georgia’s utility regulators are meeting Thursday to decide the fate of a $25 billion nuclear power plant, and the outcome could help shape the future of the U.S. nuclear energy industry. Continue Reading Below The Public Service Commission is expected to decide whether to allow construction to continue […]
Half the Saudi population receiving welfare in new system
DUBAI, United Arab Emirates – Saudi Arabia has paid 2 billion riyals ($533 million) in the first monthly installment of a new welfare system for low and middle-income Saudi families that make up approximately half of the kingdom’s population. Continue Reading Below The payments come ahead of the introduction of […]
Swiss regulator: JP Morgan violated money-laundering rules
GENEVA – Switzerland’s financial markets regulator says the Swiss division of U.S. bank J.P. Morgan “seriously breached” anti-money laundering rules relating to Malaysian sovereign wealth fund 1MDB. Continue Reading Below The agency, FINMA, says the Wall Street bank “failed to adequately identify” increased money laundering risks linked to the “allegedly […]
Regulators won’t dismiss move against South Carolina utility
COLUMBIA, S.C. – State utility regulators have refused to dismiss a request that could lower rates for South Carolina Electric & Gas Co. customers after the company abandoned plans for two nuclear reactors. Continue Reading Below The Public Service Commission on Wednesday refused to dismiss two cases against SCANA Corp, […]
3 Predictions of Bitcoin’s Price in 2020 — and Why They’ll All Probably Be Wrong
Several respected financial-industry experts have made projections about the future value of bitcoin (BTC/USD), and they have literally ranged from $0 to $1,000,000. Continue Reading Below While there’s no way of knowing what will happen with bitcoin over the next few years, it can certainly be fun to speculate. With […]
EU orders Italy to recover millions from steelmaker ILVA
BRUSSELS – The European Union is ordering Italy to recover 84 million euros ($99 million) from steelmaker ILVA which it considers to be illegal state aid. Continue Reading Below Italy granted loans to ILVA, which owns Europe’s largest single-site integrated steel plant, in 2015 as it entered insolvency proceedings. The […]
3 Dividend Stocks That Cut Bigger Checks Than Coca-Cola
Coca-Cola has long been a favorite holding for income investors. With the company’s 55-year streak of annual dividend increases, and its yield sitting at roughly 3.2%, it’s easy to see why it’s still a go-to choice for those seeking sizable, dependable payouts. However, there are other stocks that offer even […]
Mass recall of French-made baby milk over salmonella fears
PARIS – A tainted baby milk scandal affecting some 30 countries is growing, as French dairy giant Lactalis recalled millions more products globally because of fears of salmonella contamination. Continue Reading Below Lactalis had already recalled several million baby milk products earlier this month. On Thursday, the company expanded the […]
Positive IMF review paves way for $2B transfer to Egypt
CAIRO – The latest review by the International Monetary Fund has found that Egypt’s economic reforms are on track, paving the way for the transfer of another $2 billion loan disbursement, part of a three-year bailout loan. Continue Reading Below Egypt secured $12 billion in loans from the IMF in […]