Warren Buffett’s Berkshire Hathaway saw its earnings and operating profit rise 25% in the second quarter, thanks to a combination of the positive impact of investment gains and acquisitions which offset weak returns from its big railway unit and some parts of its...
Chicago Federal Reserve Bank President Charles Evans on Wednesday offered a lukewarm endorsement of an interest rate increase later this year, despite his worry that inflation is still undershooting the USA central bank’s 2 percent target. The unemployment rate was...
Up against expectations of adding 180,000 jobs in the month of July, 2016, the economy actually added 255,000 jobs and the unemployment rate remained unchanged at 4.9 percent. The Labor Department said the economy had added another 18,000 jobs over the two months. The...
The Rangers appear to be running away with the AL West, but they are playing the second place Astros in a crucial three game weekend series. Sabathia has failed to author a quality start in seven of his last eight outings, a stretch in which he’s gone 1-4 with a 6.85 ERA as...
Inventories of the motor fuel slid by 3.26 million barrels last week, according to data from the Energy Information Administration. With the Bank of England’s interest rate cuts to a record low and Japan’s stimulus measures, the Pound and Japanese Yen lost their...
Several UK banks and building societies have confirmed they would be passing a 25 basis points cut to existing mortgage holders and new customers, after the Bank of England lowered the country’s benchmark interest rate to a historic low of 0.25%.
Artificial preservatives will be removed from McDonald’s pork sausage patties, eggs served on McGriddles sandwiches and scrambled eggs served on breakfast platters, according to the company.
Malema’s statement followed predictions by observers and analysts that neither the African National Congress (ANC) nor the Democratic Alliance (DA) will get a majority vote in the Tshwane or Johannesburg metros in the 2016 local elections.
A Tesla vehicle involved in a deadly crash in Florida that’s under investigation because the driver was using automated technology was speeding before striking a truck. At the time, Musk declared that Tesla will soon achieve “moderate and maybe big advances” to...
Details of the Opening Ceremony were leaked on social media, and Brazilians were infuriated by the street mugging scene, which would involve supermodel Gisele Bündchen. Now this is the Olympics we’ve been waiting for!
The entirely stock-based deal between the two companies puts quite a pretty penny on SolarCity, with a valuation that comes in at a hefty $2.6 billion. Shares of SolarCity fell almost 5 percent on the news, as the price tag was about $300 million less than Tesla offered in June....
But the July jobs report will reinforce beliefs that the hugely disappointing May jobs report was a blip, and that the long-term trend shows the US economy to be on a trajectory of robust growth. Revisions added a total of 18,000 jobs to overall payrolls in the previous two...