Posts In Category

Business Headlines

Curated news from Bloomberg Business

Business Headlines

(Bloomberg) —As Elon Musk pushes out from his California base to make electric vehicles ubiquitous, a company halfway around the world and deep in the depths of the  battery supply chain is riding his wake. Tanaka Chemical Corp., which has a long history in developing battery materials, says it’s boosting

Read More
Business Headlines

published Aug 29, 2017 7:23:24 PM, by Andreea Papuc (Bloomberg) —Asian stocks advanced after President Donald Trump’s measured response to North Korean missile launches and comments from Kim Jong Un suggested geopolitical tensions will ease off. The yen fell for a second day. Equity indexes in Japan, South Korea and

Read More
Business Headlines

published Jul 19, 2017 11:43:41 AM, by Shira Ovide (Bloomberg Gadfly) —It’s the silly season for financial predictions about Apple Inc. With history as our guide, it is folly to place much faith in them. Nearly every day brings deeply researched reports from stock analysts on their Apple sales forecasts.

Read More
Business Headlines

published Aug 28, 2017 3:59:30 PM, by Erik Wasson and Jennifer Epstein (Bloomberg) — President Donald Trump said that he expects Congress to swiftly pass emergency disaster funding to respond to Hurricane Harvey in Texas, even as signs of a political fight over the money began to emerge. “You’re going

Read More
Business Headlines

published Aug 28, 2017 6:30:42 PM, by Colin Keatinge, Lily Nonomiya and Andy Sharp (Bloomberg) — North Korea fired a ballistic missile over Japan on Tuesday, reigniting tensions after a war of words earlier this month between Pyongyang and U.S. President Donald Trump. The missile landed about 1,200 kilometers (745

Read More
Business Headlines

published Aug 27, 2017 6:01:00 PM, by Emma Charlton (Bloomberg) —Brexit negotiators reconvening in Brussels should focus on the economy on both sides, the British Chambers of Commerce and the Association of German Chambers of Commerce said. The two lobby groups on Monday called for clarity and certainty as the

Read More
Business Headlines

published Aug 27, 2017 5:19:41 PM, by Jessica Summers (Bloomberg) —Gasoline surged and oil was steady as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of U.S. fuel-making capacity. Front-month gasoline futures jumped as much as 6.8 percent while oil added

Read More
Business Headlines

published Aug 27, 2017 6:00:59 PM, by Oliver Renick and Lu Wang (Bloomberg) — Futures on American equity indexes were little changed, paring earlier losses, as investors waited to gauge consequences for stocks and industries from the strongest storm to hit the U.S. since 2004. September contracts on the S&P

Read More
Business Headlines

published Aug 24, 2017, 3:18:01 PM, by Kristine Owram (Bloomberg) —The disparity between underperforming Canadian stocks and their shining U.S. peers never stays this wide for long, which is why the manager of more than C$600 million ($478 million) at IA Clarington Investments Inc. is significantly overweight Canada. “You’re just

Read More
Business Headlines

published Aug 24, 2017, 3:24:23 PM, by Mark Gurman and Matt Townsend (Bloomberg) —Amazon.com Inc. is wasting no time bringing its reputation for undercutting competitors to the grocery business through newly acquired Whole Foods Market Inc. The company  said it will begin slashing prices on a broad cross section of

Read More