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General Electric to scrap California power plant 20 years early

General Electric Co said on Friday it plans to demolish a large power plant it owns in California after only one-third of its useful life because the plant is no longer economically viable.



5 years ago

U.S. banks clear first hurdle of Federal Reserve's annual stress test

The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their yearly health checks with the U.S. Federal Reserve that assess their ability to weather a major economic downturn.



5 years ago

Hidrent on Microventures

"Hidrent was founded in 2017 to provide homeowners a platform to request safe, reliable home services from firefighters that are looking to capitalize on their time off and physical skills. Hidrent was founded by David Heimbuch, who has senior-level experience at large technology companies like Photobucket, YuMe, and Shazam."


The post Hidrent on Microventures appeared first on Crowditz.


5 years ago

Bang-up week on Wall Street ends with a whimper

Wall Street edged lower on Friday, as U.S. Vice President Mike Pence's decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, while tensions between the United States and Iran undercut sentiment.



5 years ago

Oil climbs on Iran tensions, stocks edge back from seven-week highs

Oil prices added to recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows of crude from the Middle East, while a gauge of global stock markets edged back from seven-week highs following a run-up spurred by optimism over monetary policy.



5 years ago

Huawei files lawsuit against U.S. Commerce Department over seized equipment: filing

Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday in a fight over whether telecommunications equipment that it sent from China to the United States, and then back to China, is covered by Export Administration Regulations, according to a court filing.



5 years ago

Amazon gets U.S. patent to use delivery drones for surveillance service

Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office.



5 years ago

Citi sees case for Fed to cut rates 50 bps in July

Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut, together with an earlier end of its balance sheet reduction.



5 years ago

Brazil's Petrobras confirms $700 million payment due to arbitration

Brazil's state-controlled oil company PetrĂ³leo Brasileiro SA confirmed on Friday it had made a $700 million payment related to an arbitration ruling and a lawsuit by U.S.-based Vantage Drilling Company.



5 years ago

Citi sees case for Fed to lower rates by 50 bps in July

Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut, together with an earlier end of its balance sheet reduction.



5 years ago

Brazil's Petrobras pays $700 million to Vantage Drilling after court decision

Brazilian state-controlled oil company PetrĂ³leo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a case involving a contract that it had terminated.



5 years ago

Wall Street Week Ahead: Investors eye G20 with hopes for U.S.-China trade detente

All eyes will be on U.S. President Donald Trump and China's President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.



5 years ago

Trump believes he has authority to demote Fed's Powell: Bloomberg

U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with the matter.



5 years ago

China to stand firm as trade talks with U.S. restart: state media

Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday.



5 years ago

Global stocks rally, bond yields plunge after Fed hints at rate cuts

A gauge of global stock markets edged near this year's peak while benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts later this year.



5 years ago