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Oklahoma oil regulators hear arguments on output cuts

Oklahoma's energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices.



5 years ago

KKR builds 5.2% stake in ProSieben, says company undervalued

Private equity investor KKR said on Monday it had acquired a stake of 5.2% in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 2006 to 2014.



5 years ago

Global equities markets sink, bonds rise on fears of second wave of infections

A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the dollar and U.S. Treasuries, edged higher.



5 years ago

Chinese investment in the U.S. drops to lowest level since global financial crisis

Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade ago, according to a new analysis by the U.S.-China Investment Project.



5 years ago

NBCUniversal, Sky expand ad-buying tool globally

Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as the firms look to attract more global advertisers and weather the coronavirus pandemic.



5 years ago

130 million stimulus checks have gone out. Here's which states got the most money

The IRS has moved swiftly over the past four weeks to get checks worth up to $1,200 per individual into Americans' hands. New data show just where that money was dispersed around the country.

5 years ago

S&P 500 edges higher as tech, healthcare shares shine

The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new coronavirus cases as several countries ease lockdowns.



5 years ago

California should do whatever's needed to help Tesla reopen car factory: Mnuchin

California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.



5 years ago

Trump may let workers take Social Security benefits early in exchange for reduced payments later

Many Americans want more help from the federal government, and some lawmakers say it is too expensive. Now the Trump administration is reportedly considering letting workers take Social Security benefits early in exchange for reduced payments later.

5 years ago

S&P 500 gains as investors look beyond pandemic to recovery

The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.



5 years ago

Bitcoin’s “halvening” is upon us

FT Alphaville | Jemima Kelly | May 11, 2020 Today’s the day that bitcoiners the world over have been waiting for. It’s the day – which only comes around every four years – that the supply of new bitcoins is cut in half. It’s the halvening! (OK yes, some bitcoiners just call it “the halving”,

5 years ago

WeWork directors seek to preserve right to sue owner SoftBank

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.



5 years ago

'Shark Tank': Tips from the Sharks on how to financially survive the Covid-19 pandemic

"Whether you're a small business owner or just trying to help your family," Shark Robert Herjavec said on Friday's episode of ABC's "Shark Tank," "we're here with some advice."

5 years ago

Richard Branson to sell 25 million shares in Virgin Galactic to battle pandemic impact

Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.



5 years ago

Tesla tells California employees to return to work in defiance of county orders

Tesla Inc on Monday told employees at its primary vehicle factory in California to return to work, defying local officials, who said days earlier that the plant should remain closed as lockdown measures remain in effect to curb the spread of the coronavirus.



5 years ago