Last week, oil prices hit their highest level since late 2014 on the back of continued global and U.S. stockpile drawdowns and expectations that oil demand growth will stay strong this year. Analysts and officials are once again trying to predict what a ‘fair’ price for oil is – a prediction that must take into […]

NEW YORK – Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared U.S. sanctions could dampen Iran’s output. “It’s tweet by tweet,” said Phil Flynn, analyst at Price Futures Group, saying the market is swinging in response to posturing from the United States and OPEC […]

Count this as another great week for e-commerce titan Jeff Bezos. On Wednesday, the Amazon founder and CEO released his latest annual shareholder letter, announcing that Amazon’s Prime subscription service has more than 100 million members globally. The news, disclosed for the first time by Bezos, sent his net worth soaring further. The fortune of the world’s […]

Federal regulators are preparing to fine megabank Wells Fargo about $1 billion for misbehavior in its auto and mortgage businesses, according to two people familiar with the negotiations. The settlement, which could be announced as soon as Friday, would be the most aggressive move by regulators during the Trump administration to punish a big bank. It […]

China has announced a hefty anti-dumping move against US sorghum imports, as a multi-billion dollar tit-for-tat trade spat between the two nations continues. China said US importers would have to pay a temporary 178.6% deposit on the value of their imports from Wednesday. China initiated its investigation into US sorghum imports in February. US growers […]

That leaves American companies vulnerable to retaliation by Beijing. It also gives them more reason to defuse trade tensions. American companies are doing much more in China than the U.S. trade deficit suggests. It’s their greatest weakness. The deficit, the difference between what the U.S. imports from China and what it exports there, widened to $375 […]

China’s economy grew at a slightly faster-than-expected pace of 6.8 percent in the first quarter, buoyed by strong consumer demand and robust property investment. Resilience in the world’s second-largest economy will likely keep a synchronized global recovery on track for a while longer, even as China faces rising tensions with the United States that could […]

1. Maxing out the credit card: House Speaker Paul Ryan, who built his career on the promise of fiscal responsibility, is leaving behind a looming $1 trillion budget deficit. In the short run, Ryan’s signature achievement of tax cuts could extend the life of America’s recovery from the Great Recession. Yet those same tax cuts, enacted […]

Raymond James & Associates increased its holdings in shares of DTE Energy (NYSE:DTE) by 95.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,075 shares of the utilities provider’s stock after acquiring an additional 58,286 shares during the quarter. Raymond James & Associates […]

Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. Tesla has already sought this month to play down widespread Wall Street speculation that it […]