Reuters. Gold fever spurs dollar in a bizarre display unseen since Erdogan took office (Bloomberg) – It took weeks of frenzied gold trading in Istanbul’s historic commercial center to prompt one of the largest gaps between the cost of physical dollar bills and the official exchange rate in 18Read More →
Don’t bet on a “wall of cash” to come streaming into the stock market. Equity analysts have touted the $4.7 trillion held in U.S. money-market funds as a proxy for the excess cash held by investors that might make its way into stocks. Some money managers say they have keptRead More →
The United States Securities Exchange Commission (SEC) has new regulatory limitations when it comes to punishing defendants with fines. The ruling would have altered the fines sought in some notable recent cryptocurrency-related cases. According to a June 23 summary of the U.S. Supreme Court case Liu v. SEC in theRead More →
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador promised in a speech on Saturday to dramatically expand state-run electricity company CFE’s power generation business if private power companies do not boost their investments in the sector. Lopez Obrador, a leftist who has long-favored more robust state control overRead More →
© Reuters. FILE PHOTO: Employees of Pacific Gas & Electric work in the aftermath of the Camp Fire in Paradise By Kanishka Singh (Reuters) – California power producer PG&E Corp (N:) said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on trackRead More →
Pete Buttigieg’s past career at McKinsey & Co., the blue-chip management consulting firm, has suddenly become a hot topic on the presidential campaign trail. His opponents are questioning him about it. The New York Times editorial board has asked him to break his “untenable vow of silence.” McKinsey, Monday afternoon,Read More →
Back in October, President Donald Trump called out former FBI lawyer Lisa Page by name — again — as he regaled an adoring Minneapolis crowd with, as she put it, a “demeaning fake orgasm” that ultimately led her to break her public silence. Here’s the clip from the event: AtRead More →
Investors have grown used to Saint Nicholas leaving an extra present under their trees at the end of the year, and in 2019 the so-called Santa-Claus rally could power the major benchmarks to record-setting gains once more. The Santa Claus rally is Wall Street’s nickname for the unusually strong stock-marketRead More →
© Reuters. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York By Carl O’Donnell and Lisa Girion (Reuters) – Johnson & Johnson (N:) said on Tuesday that 15 new tests found no asbestos in a bottle of baby powder that the U.S. FoodRead More →
By Subrat Patnaik and Rich McKay (Reuters) – More than half a million homes and businesses in California could lose power this week as utilities including Pacific Gas & Electric (N:) and Southern (NYSE:) California Edison (A:) cut off electricity as a preventive measure against wildfires. Over 308,000 customers inRead More →
(Reuters) – Northern Californians can expect widespread power cuts aimed at preventing wildfires for a decade while Pacific Gas & Electric upgrades wires systems, cuts back trees and takes other safety measures, the utility’s chief executive said on Friday. Bill Johnson, who became CEO of bankrupt PG&E Corp earlier thisRead More →
RIO DE JANEIRO (Reuters) – The board of Brazilian state-run power firm Eletrobras has approved an extraordinary shareholders meeting to decide upon a capital increase of 9.99 billion reais ($2.42 billion) via a follow-on share offering, the firm said on Monday. In a securities filing, Centrais Eletricas Brasileiras SA (SA:),Read More →
© Reuters. FILE PHOTO: Downtown Los Angeles is seen behind an electricity pylon through the morning marine layer in Los Angeles By Alex Dobuzinskis and Andrew Hay LOS ANGELES (Reuters) – A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity wasRead More →
(Reuters) – Target Corp (N:) on Tuesday announced a partnership with Tru Kids, the parent company of Toys ‘R’ Us brand, to power the toy retailer’s online business in the United States ahead of the holiday season. Under the partnership, consumers browsing toys on the ToysRUs.com website, relaunched on Tuesday,Read More →
Dear Moneyist, My mother was recently widowed. She and my father owned a small business, which she decided to sell upon his death, as she is in her early 70s and no longer wants to deal with the business. My mom and dad were quite successful and put a lotRead More →
Americans are working hard, but employers aren’t necessarily working for them. Now a radical idea to guarantee U.S. workers a cut of their company’s profits could one day force employers to cough up more of the wealth. While established profit-sharing and equity-ownership programs already give a financial boost to manyRead More →
LONDON (Reuters) – Energy regulators on Saturday demanded an urgent report from the operator of Britain’s electricity grid into what caused a power cut that led to chaos across the country, with trains brought to a standstill and traffic lights knocked out. The hour-long outage on Friday evening left almostRead More →
Lady Gaga can add “beauty mogul” to her resume with the exclusive launch of her brand Haus Laboratories on Amazon.com Inc. in the fall. “We are so excited for the launch of Lady Gaga’s new beauty brand, Haus Laboratories, launching this September with Amazon as the exclusive global retailer,” anRead More →
By Luciano Costa SAO PAULO (Reuters) – After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co (N:), a blow for GE’s Brazil unit as it battles competing suppliers from China and India. Brazil’s grid operator ONSRead More →
TGIF, MarketWatchers. Don’t miss these top stories: Personal Finance Weekend roundup: 5 ways to invest for income when Treasurys yield only 2% Also, the likelihood of another bitcoin crash and bright prospects for health-care stocks. Women working through period cramps lose almost 9 days of productivity each year Some countriesRead More →
Steven Cox, 47, a San Diego-based startup founder prefers talking shop over a cup of Joe. “Most of my meetings are held at a local craft coffee shop. We order our flat whites, whip through investor discussions and then I ride my bike back to the office in less thanRead More →
© Reuters. FILE PHOTO: A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr By Alwyn Scott NEW YORK (Reuters) – General Electric (NYSE:) Co said on Friday it plans to demolish a large power plant it owns in California afterRead More →
© Reuters. FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise (Reuters) – A judge in San Francisco has ruled that the Federal Energy Regulatory Commission has no jurisdiction over a dispute involving PG&E Corp’s $42 billion worth of contracts with energy companies.Read More →
© Reuters. FILE PHOTO: The logo of US conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort By Alwyn Scott NEW YORK (Reuters) – General Electric (NYSE:) Co won the most orders in the sharply contracting market for new gas-fired power plants in theRead More →
© Reuters. FILE PHOTO: A neighborhood destroyed by the Camp Fire is seen in Paradise By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – California utility PG&E Corp plans to increase the controversial practice of shutting off the power to communities at risk of wildfire when dangerous conditions such as high windsRead More →
