BURDETT, N.Y. – The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. Continue Reading Below The color comes not from citrus fruit, but by fermenting white wine grapes with their skins on before pressing — […]
FOX Business News
Oil rises on tighter fundamentals, but China warning holds back market
Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $57.39 at 0420 GMT, up 16 cents, or […]
Closing arguments set in deadly meningitis outbreak trial
BOSTON – Attorneys are preparing to make their closing arguments in the case of a Massachusetts pharmacist charged with second-degree murder in a deadly meningitis outbreak. Continue Reading Below Closing arguments in Glenn Chin’s trial are expected Friday in Boston’s federal courthouse. Chin faces second-degree murder, mail fraud and other […]
Senate passes budget blueprint key to Trump tax effort
President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. Continue Reading Below By a 51-to-49 vote, […]
Democrats fail to block Arctic reserve oil drilling
U.S. Senate Democrats on Thursday failed to pass a measure to block oil and gas drilling in part of the Arctic National Wildlife Reserve, losing to Republicans who believe production there would provide jobs and wealth. Continue Reading Below An amendment blocking the development failed 48-52, mostly along party lines. […]
Why is Alphabet Investing in Lyft Now?
Ride-hailing start-up Lyft has a big new investor: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Continue Reading Below Lyft announced on Thursday that CapitalG, Alphabet’s investment fund, is leading a $1 billion financing round for Lyft. The move follows an agreement made in May between Lyft and Alphabet’s self-driving subsidiary Waymo to […]
3 High-Yield ETFs for Retirees
Retirees look back with envy at the days before the Great Recession. Back then, a simple money market fund could fetch you 4% with absolutely no risk at all. These days, you’re lucky if you can find something approaching 1.5%. Continue Reading Below But don’t despair. There are alternatives, and while […]
Australian car-making ends with last GM plant closing
CANBERRA, Australia – The last mass-produced car built designed and built in Australia rolled off General Motors Co.’s production line in the industrial city of Adelaide on Friday as the nation reluctantly bid farewell to its auto manufacturing industry. Continue Reading Below GM Holden Ltd., an Australian subsidiary of the […]
The Latest: Last car built in Australia rolls off GM line
CANBERRA, Australia – The Latest on Australia’s last auto plant (all times local): Continue Reading Below 11:30 a.m. The last mass-produced car built designed and built in Australia has rolled off General Motors Co.’s production line in Adelaide as the nation reluctantly bid farewell to its auto manufacturing industry. GM […]
3 Key Quotes From IBM’s Third-Quarter Conference Call
Shares of International Business Machines (NYSE: IBM) rocketed about 9% higher on Wednesday, one day after the century-old tech giant reported solid third-quarter results and predicted that its years-long revenue slump would end this year. IBM’s transformation into a cloud- and cognitive-computing company has tested the patience of investors. That […]