Oil struggles to find footing after 7% slide as outlook darkens

In Business On November 14, 2018 0 104 0

SINGAPORE, Nov 14 (Reuters) – Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors. U.S. West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. International benchmark...

Amazon picked its winners but what about the 18 other finalists?

In Business On November 13, 2018 0 113 0

It’s officially over. Amazon’s  grand search for a second headquarters ended Tuesday  with a split between the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia. And while those two areas are celebrating their wins with an influx of new jobs and billions of investments,  the other 18 finalists ,...

Turns out thinking burns calories, so grab that extra donut at work

Good news if you felt a little guilty about that mid-morning donut at work. Turns out thinking burns calories so if you have a long cognitive-filled workday ahead of you, you will at least work off some of that tasty carb. Ewan McNay, an assistant professor of psychology and behavioral...

Apple iPhone Xs, Xs Max: 5 coolest features

Apple on Wednesday introduced three new versions of the iPhone, including the premium Xs and Xs Max. The company placed a big bet on the iPhone X, a $999 device that arrived one year ago. Consumer demand for the iPhone has lagged, but the more expensive iPhone X helped drive...

Oil higher on lower Iran exports, rising US supply

In Business On August 29, 2018 0 179 0

LONDON, Aug 29 (Reuters) – Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories. Benchmark Brent crude oil was up 50 cents at $76.45 a barrel by...

Meat stockpiles hit a record high, consumers may see cheaper prices

In Business On July 24, 2018 0 250 0

More than 2.5 billion pounds of meat are being stockpiled in warehouses across the U.S. as trade disputes slow sales overseas, according to a Wall Street Journal report. Federal data confirming the numbers are expected on Monday. The Journal reports that despite an increased appetite from Americans for meat in recent...

Tariffs on Chinese goods now in effect

When the clock stuck midnight, U.S. tariffs on $34 billion in Chinese imports took effect. Beijing vowed to respond immediately in kind, the two biggest economies are on a collision course for a full-blown trade war. China’s customs authority said China will levy tariffs on 545 items worth $34 billion in...

Truck orders surge as economy heats up

In Business On July 5, 2018 0 238 0

There may be a mounting driver shortage in the trucking industry, but that isn’t slowing demand for big rigs – signaling strength in the U.S. economy. Orders reached 42,200 in June, up more than 18% month-over-month, according to ACT research, as reported by  The Wall Street Journal . That figure is more than two times...

Tips to save money as gas prices soar

In Business On July 3, 2018 0 230 0

Gas prices are expected to surge above $3 a gallon, just in time for the busy summer driving season. But there are several ways drivers can keep their fuel spending in check. AAA estimates that consumers will pay the highest Memorial Day gas prices since 2014. The national average for...

MLB buys Rawlings, seeking more control over baseball production

In Business On June 6, 2018 0 238 0

Major League Baseball is partnering with private equity firm Seidler Equity Partners to purchase Rawlings Sporting Goods Company for $395 million, the league’s longtime baseball and helmet supplier. Newell Brands, the previous owner of Rawlings, said it would use the sale proceeds to fund share buybacks and reduce its debt...

Sears to close 72 stores in near future

In Business On May 31, 2018 0 257 0

Sears Holdings has identified approximately 100 non-profitable stores and will close 72 of them in the near future. The stores destined for closure have not yet been revealed, but the company said it would identify them by mid-day. The company said that it came to the decision as part of...

Sports betting ruling sets DraftKings and FanDuel up for cash windfall

In Business On May 15, 2018 0 315 0

It’s not just sports fans celebrating the Supreme Court decision to allow states to legalize sports gambling as fantasy brands DraftKings and FanDuel look to cash in on the ruling. Matt Kalish, co-founder of DraftKings, the Boston-based fantasy sports company, told FOX Business earlier this month that it has been...

Best and worst large cities to start a business

In Business On May 2, 2018 0 332 0

Small businesses account for nearly half of U.S. economic growth, but not all cities are created equal for Americans looking to start a business. Oklahoma City is the best large city to start a business in 2018, according to a WalletHub study. The capital city of Oklahoma ranked eighth in...

Tax Day 2019: Why you should start prepping now

In Business On April 25, 2018 0 333 0

As many Americans wrapped up filing for the fiscal year 2017 tax season this week, experts say it’s not too early to start thinking about next year. “With all of our clients, starting last autumn, we were already focused [on 2018] … what to be thinking about in context of...

‘Boom time’ for US oil, gas producers

In Business On April 20, 2018 0 346 0

Oil prices have skyrocketed since the end of 2016, reaching a 3 1/2-year high this week and natural gas prices are at a 3-year high. One of the more painful downturns for the domestic petroleum business is now turning into a distant memory. After losses for a number of years,...

Southwest challenged engine maker over speed of safety checks

In Business On April 20, 2018 0 298 0

Southwest Airlines Co clashed with engine-maker CFM over the timing and cost of proposed inspections after a 2016 engine accident, months before the explosion this week of a similar engine on a Southwest jet that led to the death of a passenger, public documents showed. The proposed inspections would have cost $170 per...

Baseball teams bring food wars to MLB ballparks

In Business On April 6, 2018 0 364 0

Roughly 70 million people will attend a Major League Baseball game during the 2018 season. By the time the last pitch is thrown, fans will consume a staggering 19 million hot dogs, according to the National Hot Dog and Sausage Council. But hot dogs barely scratch the surface of what...

China tariffs could undermine US-North Korea progress

In Business On April 6, 2018 0 332 0

The proposed U.S. tariffs on more than 1,300 Chinese products could turn the rising tensions between Washington and Beijing into more of a geopolitical than economic issue and undermine progress with North Korea. President Donald Trump’s administration published on Tuesday a proposed list of imported Chinese products that could face...

Nearly 51 Million Americans to Travel This Thanksgiving, Highest Volume in a Dozen Years

AAA projects 50.9 million Americans will journey 50 miles or more away from home this Thanksgiving, a 3.3 percent increase over last year. The 2017 holiday weekend will see the highest Thanksgiving travel volume since 2005 with 1.6 million more people taking to the nation’s roads, skies, rails and waterways...