Oil skids as U.S. inventories pile up, but demand hopes stem bigger drop
Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check.
Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check.
Fiat Chrysler (FCA) and Peugeot maker PSA said on Wednesday they had agreed on a binding merger in a $50 billion deal that will pave the way to the creation of the world's fourth-largest car maker.
Oil prices fell on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year prevented a bigger fall in prices.
German Chancellor Angela Merkel said on Wednesday she had not been told about the Chinese authorities making any threats if Huawei were to be excluded from Germany's 5G rollout and she reiterated she was against excluding any single firm.
A lottery player in Ohio won the $372 Mega Millions jackpot on Tuesday night. Here are the first steps they should take.
As credit card balances steadily creep higher and Americans' confidence in their ability to pay their bills declines, this high-interest debt has become a problem across all income levels. But the wealthy may be struggling the most.
Legislation headed to the president for his signature guarantees paid parental leave for 2.1 million federal workers. It's the first update to federal family leave policy in a generation.
U.S. stocks opened largely flat on Wednesday as markets took a breather from a record-setting spree, while FedEx plunged after it cut its annual profit forecast for the second time this year.
Fiat Chrysler Automobiles (FCA) and Peugeot owner PSA have sealed a deal to join forces in a 50-50 share merger worth about $50 billion.
A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions.
FedEx's second-quarter results were so bad that it could spark interest among activist investors looking to turn the company around.
Giant bonuses are great news for employees — and for the IRS. St. John Properties, a Baltimore-based real estate developer, spread out a $10 million bonus payment among its 198 employees. Here's what that means for their taxes.
An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year.
Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.
Shares of FedEx Corp fell nearly 10% on Wednesday after the world's largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade.