Jeff Bezos sells Amazon stock worth $2.8 billion last week
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.
Jeff Bezos sells Amazon stock worth $2.8 billion last week
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.
Stock losses steepen as U.S. puts yuan in crosshairs
Global stocks extended already substantial losses on Tuesday as China’s yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
With China a ‘manipulator,’ heightened pressure on Fed to ease
Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipu…
Offshore yuan hits record low after U.S. brands China a currency manipulator
China’s offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a “currency manipulator” in a rapidly escalating trade war between the world’s two biggest economies.
Explainer: U.S. branding of China as currency manipulator offers few new remedies
Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have not already been employed in two years of trade negotiations with Beijing.
Stocks deepen losses as U.S. puts yuan in trade war crosshairs
Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
Asset managers farm out trading as costs and complexity climb
It’s 10 o’clock at night, and Benjamin Arnold’s day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah.
Japan’s FTC investigating Apple over pressure on parts makers: Mainichi
Japan’s Fair Trade Commission is investigating Apple Inc over its pressure on Japanese parts makers and whether it abused its power in violation of antimonopoly rules, the Mainichi newspaper reported on Tuesday.
Valero Port Arthur, Texas, refinery shuts HCU, SRU for overhaul: sources
Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources familiar with plant operations.
