PG&E Corp shareholders are proposing raising $15 billion in equity to fund a planned reorganization of the power producer facing huge liabilities from California wildfires, according to a company filing on Thursday.
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with U.S. energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.
If you're a Chase credit card account holder in Canada, there's good news: The firm is forgiving balances in that market.
Buffett's Berkshire Hathaway has lost more than $5 billion this year on its Kraft Heinz stake as the packaged food company's stock continues to fall.
U.S. stocks surged on Thursday as better-than-expected domestic and Chinese data as well as a firming yuan offered some relief to investors alarmed by a week of blow and counterblow between Beijing and Washington over trade.
The net worth gap between older and younger Americans has grown into a chasm. While the average older household had about seven times the net worth of younger households in 1998, they now have about 12 times the net worth.
Wall Street's main indexes were sharply higher on Thursday as better-than-expected domestic and Chinese data as well as a firming yuan offered some relief to investors alarmed by a week of blow and counterblow between Beijing and Washington over trade.
A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.
Longtime activist investor Carl Icahn is doubtful rate cuts can simply solve the problems facing the economy.
Barrick Gold Corp is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said https://www.bloomberg.com/news/articles/2019-08-08/barrick-said-to-weigh-sale-of-tongon-mine-amid-asset-disposals on Thursday.
For people who have passed the half-century mark, here are five tips to prepare for the next phase of life.
Pricing in a trade war is hard enough, but it's being made even more challenging by having to account for Trump's Twitter feed.