PG&E shares dive after utility flags impact from Camp wildfire
- Shares of utility PG&E Corp fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California.
Wed, 14 Nov 2018 09:13:13 -0500
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Wall Street set to open higher after in-line CPI data, oil rebound
- U.S. stocks were set to open higher on Wednesday, after consumer prices in October rose as expected, keeping the Federal Reserve on track for gradual interest rate hikes, while a rebound in oil prices lifted energy stocks.
Wed, 14 Nov 2018 09:11:31 -0500
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Lawsuit filed against PG&E for California wildfire victims
- A group of three law firms has filed lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in California's deadliest ever wildfire and seeking damages for victims of the fire.
Wed, 14 Nov 2018 09:09:37 -0500
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Oil rises as OPEC, partners discuss supply cut
- Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.
Wed, 14 Nov 2018 08:59:24 -0500
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Oil finds floor, stocks ease, sterling braces for wild swings
- Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal.
Wed, 14 Nov 2018 08:57:04 -0500
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U.S. consumer prices post largest rise in nine months
- U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month.
Wed, 14 Nov 2018 08:53:09 -0500
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Worried by oil slump, OPEC and partners discuss larger supply curbs: sources
- OPEC and its partners are discussing a proposal to cut oil output by 1.4 million barrels per day (bpd), three sources familiar with the issue said, although Russia may not be on board for such a large reduction.
Wed, 14 Nov 2018 08:51:23 -0500
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Macy's boosts annual earnings forecast ahead of holiday season
- Department store chain Macy's Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as it benefits from a growing online business and a revamped loyalty program.
Wed, 14 Nov 2018 08:33:34 -0500
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U.S. farmers scramble to contain trade-war damage, find new markets
- Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors.
Wed, 14 Nov 2018 07:48:27 -0500
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Ford, Walmart to collaborate on designing automated-vehicle delivery
- Ford Motor Co , Walmart Inc and delivery service Postmates Inc will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday.
Wed, 14 Nov 2018 07:39:40 -0500
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