Oil Drops to Finish a Weak October

Oil Drops to Finish a Weak October

U.S. Inventories: On Wednesday, the U.S. Energy Information Administration reported that crude stockpiles rose by 3.2 million barrels in the week ended Oct. 26, marking its sixth week of consecutive increases. Prices had been under pressure after the American Petroleum Institute, an industry group, reported its own estimates of a 5.7 million-barrel build. Analysts and […]

Ford and Baidu team up to test self-driving vehicles in China

Ford and Baidu team up to test self-driving vehicles in China

Nelson Ching | Bloomberg | Getty Images Robin Li, chief executive officer of Baidu Inc. Ford and Chinese internet giant Baidu announced a tie-up Wednesday that will see the two firms jointly test self-driving vehicles in China for two years. The initiative will see the two companies collaborate on the development and testing of driverless […]

Coca-Cola CEO: We're making Diet Coke cool again and here's how we're doing it

Coca-Cola CEO: We're making Diet Coke cool again and here's how we're doing it

Coca-Cola CEO James Quincey told CNBC on Tuesday that the beverage giant has boosted sales of Diet Coke by tapping into the millennial demographic through targeted marketing and “flavor innovation.” Quincey also touted Diet Coke’s a new “sleek can,” saying it presents a “more modern, more engaging package” to a generation that appeared detached from […]

Elon Musk Again Stirs Confusion on Twitter, This Time About His Title

Elon Musk Again Stirs Confusion on Twitter, This Time About His Title

Elon Musk took to Twitter on Monday with messages that sowed confusion about his official role at Tesla Inc., TSLA 1.19% a month after a settlement with federal regulators intended in part to better govern his public statements. “Deleted my Tesla titles last week to see what would happen,” said a post on Mr. Musk’s […]

Oil falls as economic outlook grows gloomier

Oil falls as economic outlook grows gloomier

Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Brent crude oil futures were down 10 cents at $77.52 a barrel at 8:35 a.m. ET (1235 GMT), falling more than 6 percent this month. U.S. crude futures fell by 11 cents to […]

Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone

Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone

A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.” In the way of an explanation, the exchange had, approximately one hour before deleting its Twitter page, said that a “bug” had enabled […]

Weak Amazon, Alphabet Results Ignite Growth Worries

Weak Amazon, Alphabet Results Ignite Growth Worries

Shares of Amazon.com Inc (AMZN.O) dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition. The third-quarter results were the second time running that billionaire Jeff Bezos’ firm had fallen short of sales […]

Google, Amazon suffer market setbacks on sales outlook

Google, Amazon suffer market setbacks on sales outlook

San Francisco: Internet titans Google and Amazon came under an investor cloud after posting disappointing sales updates, with the search leader also on the defensive for reportedly hushing up sexual misconduct. Two of the world’s most valuable companies suffered slides in their share prices after releasing their quarterly earnings, declines that fuelled pessimism in Asian […]

US stocks in broad sell-off; Nasdaq down nearly 3%

US stocks in broad sell-off; Nasdaq down nearly 3%

Wall Street stocks lurched lower at the open on Friday, with the Nasdaq shedding 3 per cent and the S&P 500 erasing its gains for the year as investors digested a disappointing batch of results from tech companies. The Nasdaq Composite fell as much as 3.06 per cent to 7,094.38. The index has tumbled nearly […]

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