Argentina – the crisis in six charts

Argentina – the crisis in six charts

Image copyright AFP Image caption Argentines are angry that the government turned to the IMF (FMI in Spanish) Argentina is once again looking into the barrel of an economic crisis. The currency is sliding, inflation rising and there could well be a recession in the making. The International Monetary Fund (IMF) is providing an emergency […]

UPDATE 2-Plains All American Pipeline convicted in 2015 California oil spill

UPDATE 2-Plains All American Pipeline convicted in 2015 California oil spill

(Recasting with background about spill; details of verdict) Sept 7 (Reuters) – A California jury on Friday found the Houston-based Plains All American Pipeline company guilty on criminal charges of fouling state waters and harming wildlife in a major oil spill three years ago along the Pacific shoreline near Santa Barbara. The verdict closed a […]

US job growth seen picking up, unemployment rate falling

US job growth seen picking up, unemployment rate falling

WASHINGTON (Reuters) – U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration’s escalating trade war with China. A man holds his briefcase while waiting in line during […]

Micron leads chip stock slaughter after warnings on demand from Wall St and a key industry player

Micron leads chip stock slaughter after warnings on demand from Wall St and a key industry player

Semiconductor stocks are plunging Thursday after a major Wall Street firm and an executive at a large chip equipment company warned that memory chip demand is deteriorating versus expectations. “Memory markets have worsened in recent weeks. For DRAM [memory chip], demand is weakening, inventory and pricing pressures are building, and vendors are struggling to move […]

Uber still 'on track' for 2019 IPO, CEO Khosrowshahi says

Uber still 'on track' for 2019 IPO, CEO Khosrowshahi says

Uber Technologies Inc. is “on track” to launch an initial public offering next year, and is unlikely to sell its self-driving car unit anytime soon, Chief Executive Dara Khosrowshahi said in an interview Wednesday. Speaking to Reuters at a New York event unveiling new safety measures for Uber, Khosrowshahi said the Advanced Technologies Group — […]

Oil Drops Most in 2 Weeks on Supply Concern as Storm Weakens

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot” […]

Amazon's $1 trillion market cap is the kind of attention it may not want

Amazon's $1 trillion market cap is the kind of attention it may not want

CLOSE Why does President Trump have a beef with Amazon? We break down the Amazon empire. USA TODAY An Amazon truck.(Photo: Amazon) Corrections & Clarifications: Corrects the number of Amazon employees.  SAN FRANCISCO – Amazon’s $1 trillion market value is great for shareholders and a testament to how much consumers love the e-retailer’s two-day shipping. But […]

No Rally Seen in Emerging Markets on Turkey, Argentina Pledges

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot” […]

Tesla's logo might help Elon Musk land his next round of cash

Tesla's logo might help Elon Musk land his next round of cash

With demand for the electric-car maker’s bonds flagging, some have started pointing to the model that Ford Motor Co. deployed during the depths of its financial distress more than a decade ago. The centerpiece to this approach: Putting up assets, including the iconic blue Ford oval logo, as collateral for cheap lines of credit. The […]