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VW CEO says carmaker faces same fate as Nokia without urgent reforms

Volkswagen needs to accelerate the overhaul of its business to avoid becoming another Nokia , which lost its dominance in the handset market to Apple , the German carmaker's chief executive said.



5 years ago

S&P 500 crosses 3,300 on trade deal, Morgan Stanley earnings

The S&P 500 crossed 3,300 for the first time and the Dow and the Nasdaq opened at new highs on Thursday, after the United States and China signed an initial trade deal and Morgan Stanley wrapped up big bank earnings on a strong note.



5 years ago

European firms call for tougher EU approach to China

European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses.



5 years ago

U.S. clean energy investment hits new record despite Trump administration views

Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government's attempts to roll back supportive policies, a report showed on Thursday.



5 years ago

S&P 500 crosses 3,300 on Morgan Stanley earnings, tech rally

U.S. stock indexes hit record highs on Thursday, with the S&P 500 crossing the 3,300 mark for the first time, as upbeat earnings from Morgan Stanley and a tech rally added to optimism from an initial U.S.-China trade deal.



5 years ago

U.S. retail sales rise steadily; labor market tightening

U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019.



5 years ago

Morgan Stanley shares jump 8% after massive beat on fourth-quarter profit

CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.

5 years ago

Canadian Securities Regulators Publish Additional Guidance for Facilitating Crypto Asset Trading

CSA |  Jan 16, 2020 Montreal - The Canadian Securities Administrators (CSA) today published Staff Notice 21-327 Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets, to help these entities to determine situations where securities legislation may or may not apply. “The evolving landscape of the industry prompts us to

5 years ago

These people might face a surprise health insurance tax this year

The IRS won't hit you with a penalty for failure to have health insurance in 2019. But a handful of states now want to know if you had coverage — and they'll assess a surprise tax if you came up short.

5 years ago

S&P 500 breaches 3,300 mark on strong Morgan Stanley earnings, retail data

The S&P 500 crossed the 3,300 mark for the first time and the other main indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings added to optimism from the signing of an initial U.S.-China trade deal.



5 years ago

Oil up sharply as more trade deal progress spurs energy demand hopes

Oil rose more than 1% on Thursday, as progress on another major trade deal fed optimism that energy demand will grow in 2020.



5 years ago

U.S. Senate passes new North American trade deal

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.



5 years ago

Mexico hails USMCA trade deal approval, expects more investment

Mexican President Andres Manuel Lopez Obrador on Thursday hailed the U.S. Senate's approval of the United States-Mexico-Canada Agreement (USMCA) trade deal, forecasting it would deliver a boost to the Mexican economy.



5 years ago

Indigenous group vows peaceful pipeline opposition as Canadian police clamp down

An indigenous group that opposes construction of the Coastal GasLink pipeline in British Columbia will refuse workers access to their land, but in peaceful fashion, according to one of its chiefs.



5 years ago

U.S. Senate approves U.S.-Mexico-Canada trade deal

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.



5 years ago