Today's Top Story
Saudi, Gulf stocks fall after attacks on Aramco oil plants
DUBAI/RIYADH (Reuters) - Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output. Read More
Business News
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Fed trades 'remarkably positive' for 'no precedents' after volatile year
WASHINGTON (Reuters) - A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.
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WeWork IPO spells rough landing for CEO Neumann
NEW YORK (Reuters) - Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation.
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As talks falter, UAW calls first national strike against GM since 2007
DETROIT (Reuters) - The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.
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Economic News
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Fed trades 'remarkably positive' for 'no precedents' after volatile year
WASHINGTON (Reuters) - A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.
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Saudi, Gulf stocks fall after attacks on Aramco oil plants
DUBAI/RIYADH (Reuters) - Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output.
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Global spare oil capacity in U.S. hands after Saudi outage
LONDON (Reuters) - An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.
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Money News
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Climate change pushes U.S. fund managers to bet on AC makers
NEW YORK (Reuters) - Record heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel businesses and apartment building owners to install cooling systems.
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Investing green is all the rage, but benchmarks still hazy
SYDNEY (Reuters) - Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking exercise in the transition from brown to green.
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Billionaire investor Carl Icahn to leave New York for Florida
BOSTON (Reuters) - Billionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people familiar with the plan said on Thursday.
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