With an assist from Warren Buffett, Apple surges to a new high and its best week in six and a half years. NEW YORK — U.S. stocks made up for a shaky week with a strong finish Friday as Apple led a rally in technology companies. The tech giant hit an all-time high after Warren […]

Chinese e-commerce giant Alibaba saw revenues surge by a better-than-expected 61% in the January-to-March quarter. Revenues hit 61.9bn yuan ($9.7bn; £7.2bn), boosted by steady sales in its core businesses. The first three months of the year are usually slow for Alibaba, coming after the boost from Singles Day in November. Alibaba is one of the […]

Chinese and U.S. officials met face-to-face Thursday in an attempt to resolve a dispute over technology that has taken the world’s two largest economies the closest they’ve ever come to a trade war. A high-powered U.S. delegation arrived in Beijing for talks with Chinese officials aimed at defusing the tensions, though analysts say they appear […]

Oil traded near $67 a barrel as traders weighed rising U.S. stockpiles against growing expectations of renewed sanctions on Iran’s crude trading. Futures in New York were little changed after a 1.9 percent drop on Tuesday. U.S. crude inventories rose 3.43 million barrels last week, the American Petroleum Institute was said to report. That compares […]

NEW YORK  – Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while U.S. stocks fell with declines in healthcare shares. Netanyahu said Iran had continued to preserve and expand its nuclear weapons knowledge after the deal. […]

Terrorist group ISIS raised billions of pounds from oil sales, taxing millions of residents and trading in products such as sulphur and cement. The story of how the so-called Islamic state became one of the richest terror groups in the world – possibly the wealthiest ever seen – has been revealed by Sedgefield MP Phil Wilson. Drawing […]

DALLAS (AP) — Rising fuel costs are eating into airline profits, dampening expectations for the rest of 2018, and setting the stage for higher fares. Fuel is the airlines’ second-biggest expense after labor, so when it rises — at American it was up 40 cents a gallon from a year ago — so does the […]

NEW YORK – The dollar held steady on Friday despite a government report showing slower first-quarter economic growth, with the currency on track to end its strongest week since November 2016, having gained 1.6 percent. On Tuesday, the U.S. benchmark government bond yield US10YT=RR broke through the psychologically significant 3 percent level for the first […]

LONDON – The euro held near eight-week lows on Thursday as traders prepared for European Central Bank President Mario Draghi to speak with investors searching for any signals about when the ECB will begin unwinding its stimulus. The single currency trimmed earlier gains to trade flat at $1.2164 EUR= after the ECB kept rates unchanged as widely […]

Microsoft may not be a favorite in the race to a becoming the country’s first trillion-dollar public company. But recently, after its younger tech peers whizzed past in valuation, Microsoft has become the second most valuable firm—albeit intermittently—for the first time since 2015. On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and […]