Trump, advisers looking at ways to boost U.S. economy as markets fear recession
Even as they reject talk of a looming recession, President Donald Trump and his advisers are examining ways to provide a boost to the U.S. economy should it be deemed necessary, officials said.
Trump White House seeks to assuage farmer unrest over biofuel policy: sources
President Donald Trump’s administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday.
PES layoffs accelerate as Philadelphia refinery closes
Refiner Philadelphia Energy Solutions is laying off the majority of its unionized workforce on Tuesday and Wednesday, the union’s president said, ahead of an initial layoff deadline.
American Airlines to pay $22.1 million U.S. fine over mail delivery times: Justice Department
American Airlines Group Inc, the largest U.S. airline, will pay $22.1 million to settle claims it falsely reported the times it transferred possession of U.S. mail to foreign postal administrations or other intended recipients, the U.S. Justice Departm…
Walmart sues Tesla over fires at stores fitted with its solar panels
Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, according to a lawsuit filed in a New York court on Tuesday.
SEC fines Russian firm for failing to disclose paid-for ICO reviews
The U.S. Securities and Exchange Commission said on Tuesday that it has fined and settled charges against a Russia-based ratings firm for failure to disclose payments it received to publicize digital asset offerings of issuers it had rated.
Wall Street rally ends as financial shares slide
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.
Toll Brothers posts lower profit, revenue; sells less homes
Toll Brothers Inc posted lower quarterly profit and revenue on Tuesday, as it sold less homes despite declining mortgage rates.
DoubleLine’s Jeffrey Gundlach says Federal Reserve has lost control
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday.
General Electric stock drop attracts more short-sellers: S3 Partners
Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate’s accounting, financial analytics firm S3 Partners said on Tues…
