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California Governor to convene meet of PG&E shareholders, execs next week

California Governor Gavin Newsom said he will convene a meeting of PG&E shareholders and executives in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.



5 years ago

Trump says trade deal with China coming along well

President Donald Trump said on Friday that talks on a trade agreement with China were coming along well, echoing comments by U.S. and Chinese officials of progress on an initial deal.



5 years ago

Saudi Crown Prince approves kick-off of Aramco IPO on Sunday: sources

Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.



5 years ago

Global shares, crude prices rise on U.S., China data

World equity markets surged and crude oil prices jumped on Friday after a stronger-than-expected U.S. employment report, a surprise bounce in Chinese manufacturing and optimism over U.S.-China trade talks tamped down fears of slowing global growth.



5 years ago

California Governor to convene meet of PG&E shareholders, executives next week

California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E's other creditors in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.



5 years ago

President Xi goes to Iowa? Trump floats farm state to seal trade deal

U.S. President Donald Trump on Friday suggested he could sign a long-awaited trade agreement with China in the farm state of Iowa, which has been hard hit by tariffs in a nearly 16-month trade war between the world's largest economies.



5 years ago

Britain orders immediate moratorium on fracking due to earth tremor concerns

Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the industry risked causing too much disruption to local communities through earth tremors.



5 years ago

Oil prices decline on U.S. pipe disruptions, weak Chinese data

Oil prices were nearly 2% lower on Thursday after a leak on a key U.S. pipeline disrupted supply flows and on data showing weak factory activity in China.



5 years ago

Kraft Heinz beats profit estimates, plans to boost marketing; shares surge

Kraft Heinz Co will spend more on marketing for key brands widely thought to have been neglected after reporting on Thursday that lower costs helped it beat third-quarter profit expectations, sending shares up 13% in midday trading.



5 years ago

Corteva signals hit from delayed planting in Brazil, slowing China

Corteva Inc said on Thursday demand for grains and oilseeds could be hit by a delayed soybean planting in Brazil and cooling growth in China and emerging economies, sending its shares down 8%.



5 years ago

Fintech’s fast pass to traditional banking is now cut off

CNBC | Kate Rooney | Oct 24, 2019 Key Points A ruling by a federal judge this week pours cold water on some tech companies’ plans to quickly become a bank. The New York judge ruled that the Office of the Comptroller of the Currency, the regulator issuing the charters, didn’t have the authority to

5 years ago

Trump says Fed hurting U.S. competitiveness, needs to cut rates more

U.S. President Donald Trump on Thursday launched a broadside against the Federal Reserve and its chairman, Jerome Powell, saying the central bank's policies were hurting U.S. competitiveness.



5 years ago

Wall Street falls on U.S.-China trade jitters

U.S. stocks dropped on Thursday as worries that the United States and China may not be able to strike a trade deal cast a shadow over strong earnings reports from Apple and Facebook.



5 years ago

Ex-Trump official says Republicans, not just Democrats, should support forgiving student debt

Here's why a Republican former Trump official is calling for student debt forgiveness.

5 years ago

Encana to move to U.S., change name amid pipeline crunch in Canada

Encana Corp will shift base from Calgary to the United States and become Ovintiv Inc next year, the oil and gas producer said on Thursday, the latest company to move away from Canada as the nation battles with pipeline capacity shortages.



5 years ago