Money
Saudi Aramco Puts Off IPO
The Saudi oil giant Saudi Aramco decided on Thursday to delay its initial public offering again. The company said it wants to wait until it can better clarify its most recent quarterly earnings, which will […]
Money
Money
ECB Hawks Demand Change As President Draghi Heads for the Door
The European Central Bank (ECB) held the large deposit rate steady for years at -0.40%, and then lowered it to 0.50% recently while discussing restarting a bond buying program. Not all members of the central […]
Money
Thank the Chinese and Trump for Cheaper Gas: Trade Woes Drive Down Oil
Sure, U.S. fracking companies are pumping out oil at unbelievable rates, making the U.S. the largest energy producer in the world. But it’s slow growth in China that’s weighing on oil prices, even as the […]
Money
New Harley-Davidson Electric Bike Has Problem with Charging
After years of testing, Harley-Davidson’s electric bike, the LiveWire, was finally ready for prime time. Or at least, that’s what the company thought. Harley said Monday that it stopped production and deliveries of the bike […]
Money
In Mafia Move, Congressmen Threaten Companies Supporting Facebook’s Libra
When Facebook announced earlier this year that it is creating a new cryptocurrency and had secured the backing of many major companies as investors, regulators around the world went crazy. Officials from the ECB, the […]
Money
Lots of Oil, Dwindling Harvests Lead to Low Diesel Prices
By this time of year farmers are usually putting in extra long days to get their harvest in before the weather turns bad. But floods across the Midwest earlier this year destroyed many crops and […]
Money
Consumer Reports on Tesla Parking Feature: Not Yet Ready for Prime Time
It sounds like such a great idea. Imagine being able to drive up to the front of a shopping mall, airport, or doctor’s office, and then instruct your vehicle to park itself, and then to […]
Money
Fed Governor Sees Dark Economic Clouds Ahead
It was couched in Fed language, but Chicago Fed President Charles Evans’ message was still clear. Things look pretty dark on the economic horizon. During an event in Chicago, Evans said: “I think the downside […]
Money
Elite Central Bankers Issue Report: We Took Your Money, But It Was Worth It
Years ago, a reporter asked then-Fed Chair Ben Bernanke about savers who earned less money because the Fed had slashed interest rates to zero and driven down long interest rates by printing trillions of dollars […]
Money
Talks between UAW and GM Break Down
Entering their fourth week, talks between General Motors and the striking United Auto Workers turned sour, according to a union official. In a letter to members, UAW Vice President Terry Dittes said: “These negotiations have […]