White House economic adviser Larry Kudlow will not give specifics on what the tax cuts may include, but he says they will have a strong emphasis on middle-class tax relief, while speaking on the Wall Street Journal CEO Council. The Swiss private banking unit of HSBC Holdings Plc will pay […]
Reuters Top Video News
UBS must defend against U.S. lawsuit over severe investor losses
UBS chairman Axel Weber discusses his outlook for the economy, Federal Reserve interest rates cuts, the threat to wealth posed by 2020 Democratic candidates and China tariffs. NEW YORK — A federal judge on Tuesday rejected UBS Group AG’s bid to dismiss a U.S. government lawsuit accusing Switzerland’s largest bank of […]
SEC won’t cap awards to whistleblowers
SEC chairman Jay Clayton discusses market growth, the decision of more companies to remain private, high private market valuations, and the limited access main street investors have to private equity growth as well as changed rules for shareholders and cryptocurrency regulation. WASHINGTON — The U.S. Securities and Exchange Commission will not […]
Nearly 175 Saudi military aviation students grounded in US after base shooting
President Trump shares the condolences the Saudi Arabian King gave to him regarding the devastating Pensacola, Florida, Naval base shooting that left three people dead and several others wounded. WASHINGTON, Dec 10 (Reuters) – Nearly 175 Saudi Arabian military aviation students have been grounded as part of a “safety stand-down” […]
US crude oil 2019 output expected to rise less than predicted
The new secretary of Energy, Dan Brouillette, sits down for an exclusive interview with FOX Business on the oil industry, U.S. relations in the Middle East and the Trump administration’s energy independence policy. U.S. crude oil production is expected to rise by 1.26 million barrels per day (bpd) in 2019 […]
Supreme court rejects Arizona case against opioid maker Purdue’s Sackler family
DEA acting administrator Uttam Dhillon joins FOX Business to discuss the DEA’s efforts to provide a safe way to throw away your prescription drugs. He said vaping products will be included in the take-back program for the first time. WASHINGTON (Reuters) – The U.S. Supreme Court on Monday turned away […]
Paul Volcker, ex-Fed president, dead at 92
Dec 9 (Reuters) – Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to the New York Times, which […]
Merck to buy cancer drug developer ArQule for $2.7B in cash
Merck CEO Kenneth Frazier on efforts to lower drug prices, the latest company’s research into cancer treatments, Alzheimer’s research and the company’s animal-health business. Dec 9 (Reuters) – Merck & Co said on Monday it would buy cancer drug developer ArQule Inc in a $2.7 billion all-cash deal, bolstering its oncology franchise […]
FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes
Morning Business Outlook: United Airlines plans to replace 50 of its aging Boeing planes with Airbus jets; stock for Peloton drops 7 percent after the brand’s holiday ad went viral for the wrong reasons. WASHINGTON — The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million […]
Tesla says it scored Beijing subsidy on its China-built cars
Former Department of Energy Adviser Levi Tillemann discusses the zero-carbon economy and the fourth industrial revolution with regards to Tesla. BEIJING (Reuters) – Tesla Inc said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into the world’s biggest auto […]