Oil prices edge up on Iran sanctions, but trade tensions drag

Oil prices edge up on Iran sanctions, but trade tensions drag

SINGAPORE (Reuters) – Oil prices inched up on Monday as U.S. sanctions against Iran pointed towards a tighter market, although concerns over slowing economic growth amid global trade tensions kept a lid on gains. An oil pump jack is seen at sunset in a field outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann […]

US-Iran Sanctions Give China Lead in World's Biggest Gas Field

US-Iran Sanctions Give China Lead in World's Biggest Gas Field

China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic. State-owned CNPC, which had joined an original consortium involving Total […]

Stolen plane crashes near Sea-Tac International Airport; no passengers onboard

Stolen plane crashes near Sea-Tac International Airport; no passengers onboard

A plane flies past a control tower at Sea-Tac International Airport Friday in Washington. An airline mechanic stole an Alaska Airlines plane without any passengers and took off from Sea-Tac International Airport Friday night before crashing near Ketron Island, officials said.(Photo: AP) An airline employee at Seattle’s Sea-Tac International Airport crashed an airplane after an “unauthorized […]

US Soybean Farmers Growing Record Crop as China Imposes Tariffs

US Soybean Farmers Growing Record Crop as China Imposes Tariffs

U.S. soybean farmers are due for a record harvest, even as Chinese tariffs threaten demand for the American oilseed. The U.S. Department of Agriculture forecast on Friday that U.S. soybean production in 2018-19 would rise to an all-time high of 4.6 billion bushels, up from 4.4 billion bushels a year earlier and more than analysts […]

China edges up while most Asian markets trade lower; dollar holds onto gains

China edges up while most Asian markets trade lower; dollar holds onto gains

Elsewhere, the Kospi pulled back by 0.72 percent as major technology names recorded declines in early trade. Samsung Electronics fell 3.52 percent and SK Hynix declined 3.59 percent. The S&P/ASX 200 gave up early gains to trade lower by 0.13 percent. The energy and utilities led losses, losing 1.41 percent and 1.13 percent, respectively, while […]

Stocks open little changed as S&P 500 approaches record high

Stocks open little changed as S&P 500 approaches record high

Stocks open little changed as S&P 500 approaches record high  CNBC This Stock Market Gauge Keeps Toppling Its Record  Wall Street Journal Wall Street’s Biggest Bull Sees S&P 500 Rising 12% by Year’s End  Bloomberg Stocks poised to open near records as investors weigh earnings, trade tensions  MarketWatch Full coverage Source link

Playing Catch-Up With Walmart, Amazon Offers Digital Grocery Pickup at Whole Foods

Playing Catch-Up With Walmart, Amazon Offers Digital Grocery Pickup at Whole Foods

Amazon has found itself in the rare position of playing catch-up with its rivals. The e-commerce giant announced Wednesday that its Whole Foods stores will allow customers to order their groceries online and pick them up in person. Walmart, the nation’s largest grocer, already offers online grocery pickup in nearly 1,800 stores across the United […]

Snap's strategy shifts win over advertisers more than users

Snap's strategy shifts win over advertisers more than users

SAN FRANCISCO (Reuters) – Snap Inc on Tuesday received a vote of confidence from a billionaire investor and reported record revenue from outside North America, factors that helped soften the blow of its first-ever drop in daily users. The social media company said its shift toward a self-serve model for advertisers was paying off and […]

Elon Musk says going private is 'best path forward' for Tesla

Elon Musk says going private is 'best path forward' for Tesla

Elon Musk says going private is the “best path forward” for Tesla. He stunned investors on Tuesday with a tweet saying he had already lined up funding, and he told employees that it would relieve the electric car company of the “enormous pressure” of Wall Street’s expectations. “As a public company, we are subject to […]