NEW YORK – Oil prices edged off highs last reached in late 2014, pressured by a stronger dollar, but crude futures still drew support from mounting political tension in the Middle East and shrinking global oil inventories. Brent crude futures were at $71.67 a barrel at 11:48 a.m. EDT (1548 GMT), down 39 cents. U.S. […]

BOSTON  – JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked “pretty good” and that there was no law that says growth cannot continue. But there will be a downturn at some point, Dimon told the John F. Kennedy Jr. Forum at Harvard University. Asked to assess the chances the […]

Because short car trips are costing it a fortune—and riders might be seduced by a bicycle with some extra oomph. There’s a joke that every startup is answering the question “What is my mom no longer doing for me?” (Giving me a ride, doing my laundry, you get the idea.) Subtext: Silicon Valley is teeming […]

Xi Jinping should avoid responding to U.S. tariffs by punishing markets. China’s global financial ambitions would be among the casualties. Many of the proposals or suggestions on how China might respond to U.S. tariffs have the air of “Surrender or I will shoot myself in the foot.” They may not only hurt China, but damage […]

Shares slump almost 50% as investors fret over firm’s outlook U.S. actions may have ‘materially adverse’ impact on company The giant aluminum producer owned by Russian billionaire Oleg Deripaska plunged 50 percent in Hong Kong trading after U.S. sanctions cast doubt on the future of the company’s banking and trading relationships. Prices of the metal, vital for […]

Shares of Amazon, Apple and Alphabet all rose more than 1.5 percent. Facebook, meanwhile, traded 1.1 percent higher. Treasury Secretary Steven Mnuchin said on Sunday he does not expect a trade war between the U.S. and China to take place. Mnuchin made his comments after telling CNBC’s “Power Lunch” on Friday that a trade war […]

Stocks tumbled Friday as trade tensions between the United States and China heated up. The Dow closed down 572 points, a drop of 2.3%, after President Trump threatened to escalate a confrontation with China over trade. It fell as much as 767 points earlier in the day. The S&P 500 and the Nasdaq each declined […]

Amazon seems to be everywhere, from groceries to books to clothes and shoes. Its two-day shipping means customers turn to Amazon for nearly everything they could ever need delivered straight to their homes. Additionally, Amazon now offers free in-home consulting on how to create a smart home. Many customers who have newer homes have created a smart […]

When Donald Trump announced punitive tariffs on some $50 billion of Chinese imports two weeks ago, the business world held its breath in expectation of the Chinese response. When China hit back this week with tit-for-tat tariffs on $50 billion of American goods, no one in the business world was surprised. The business press went into full panic mode, […]

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg said on Tuesday that he agreed “in spirit” with a strict new European Union law on data privacy but stopped short of committing to it as the standard for the social network across the world. As Facebook reels from a scandal over the mishandling […]