BERLIN – The European Parliament’s president says he believes Britain should pay at least 60 billion euros ($70 billion) as it leaves the European Union, to meet its financial commitments. Continue Reading Below The divorce bill is the biggest stumbling block in negotiations on the U.K.’s withdrawal from the bloc, […]
FOX Business News
Abu Dhabi oil company to put fuel stations on stock market
DUBAI, United Arab Emirates – The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market. Continue Reading Below The company made the announcement on Monday, saying at least 10 percent of ADNOC Distribution will go onto the […]
Oil markets cautious on Middle East tensions, increased US drilling
Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the United States suggested producers there are preparing to increase output. Continue Reading Below Brent crude futures were at $63.57 per barrel at 0744 GMT, up 5 cents from their […]
A year after Trump’s election, coal’s future remains bleak
A year after Donald Trump was elected president on a promise to revive the ailing U.S. coal industry, the sector’s long-term prospects for growth and hiring remain as bleak as ever. Continue Reading Below A Reuters review of mining data shows an industry that has seen only modest gains in […]
Uncertainty clouds plans for Venezuela’s financial recovery
CARACAS, Venezuela – Cash-strapped Venezuela will launch into a discussion Monday with foreign investors about rescuing itself from crushing debt incurred during better times for the oil-rich country. Continue Reading Below Investors eager to be paid back, however, worry that confusion clouds the meeting. It’s nearly impossible for Americans to […]
Orrin Hatch to introduce Senate tax reform bill amendments changing 401k, IRA classifications
FOX Business has learned Senator Orrin Hatch, Chairman of the Senate Finance committee, will introduce amendments during the mark up of the Senate’s TAX reform bill that will propose changing 401k contributions, IRA classifications and allow businesses to deduct a portion of their dividend payments to shareholders. Continue Reading Below […]
Fed’s Harker stands by call for rate hike next month
A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over low-inflation, as U.S. central bank policy needs to be positioned to deal with future economic shocks. Continue Reading Below Philadelphia Fed President Patrick Harker said he has “lightly penciled in” […]
Asian stocks mixed after Wall Street’s losing week
BEIJING – Asian stock markets were mixed Monday following Wall Street’s losing week as investors looked ahead to a week of data releases and public comments by central bankers. Continue Reading Below KEEPING SCORE: The Shanghai Composite Index gained 0.3 percent to 3,443.36 and Tokyo’s Nikkei 225 fell 0.7 percent […]
More Americans Are Planning Vacations — but Should They?
Vacations are a luxury many of us hope to enjoy. It’s therefore encouraging to hear that more Americans are planning vacations this year than they have in the past. In a report by the Conference Board, the percentage of U.S. adults planning to take a vacation in the next half-year […]
2 Reasons to Worry About Nordstrom After the Latest Report
Nordstrom (NYSE: JWN) stock has held steady following its third-quarter earnings release. However, this wasn’t the usual solid quarter investors have gotten used to seeing. Continue Reading Below In addition to comparable sales turning negative, down 0.9%, there were two big warning signs in the report. First, comparable sales at Nordstrom […]