Exxon loses bid to delay climate change lawsuit by Massachusetts
A Massachusetts judge on Thursday gave the state’s attorney general the greenlight to sue Exxon Mobil Corp “ASAP” over allegations it concealed from investors and...
Sterling pares losses after PM calls for election; stocks inch up
The pound was weaker but pared losses against the dollar on Thursday in the wake of British Prime Minister Boris Johnson’s call for a Dec....
Ex-Deutsche Bank traders avoid prison time for Libor scheme
Two former Deutsche Bank AG traders will not serve any prison time for conspiring to manipulate the Libor benchmark interest rate between 2005 and 2011,...
Gucci, Moncler post solid growth despite Hong Kong turmoil
Kering’s Gucci brand and Italian jacket maker Moncler joined other luxury labels on Thursday in easing fears of a major third quarter sales hit from...
New York Fed offers to inject more liquidity into the banking system
The Federal Reserve Bank of New York is boosting the size of the cash injections it can make into overnight borrowing markets....
Watch Fox News? You likely think the U.S. economy is great. MSNBC viewers not so much
The performance of the U.S. economy has been a solid clue to the outcome of past presidential elections....
Saudi Arabia faces reality check as Wall Street heads to Riyadh
Wall Street’s heavy hitters are back in Saudi Arabia but the terms of engagement have changed....
American, Southwest profits rise on strong demand even as 737 MAX hurts
American Airlines Group and Southwest Airlines posted quarterly profit increases on Thursday even as the two U.S. carriers pointed to a rising cost impact from...
Tesla overtakes GM as most valuable U.S. automaker, short sellers burned
Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a...
Rosneft switches contracts to euros from dollars due to U.S. sanctions
Russia’s largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions...