San Jose, California's third-biggest city, is proposing to convert PG&E Corp into the country's largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city's mayor.
SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with the matter said on Monday.
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.
Wharton Fintech via Medium | Peter Jankovsky | Sep 15, 2019 In our latest podcast, Peter Jankovsky (WG’20) is joined by Omer Ismail, the head of Goldman Sachs’ US consumer business. In this role, Omer oversees the Marcus by Goldman Sachs and Clarity Money businesses as well as the Goldman Sachs/Apple credit card partnership. Omer
Talks to reach a settlement of thousands of lawsuits stemming from the U.S. opioid addiction crisis could resume as soon as Tuesday, an attorney for local governments said on Monday.
World stock indexes rose on Monday as hopes for resolving the U.S.-China trade war bolstered investor optimism, and the U.S. dollar index edged higher.
Louis Vuitton designer Nicolas Ghesquiere has hit out at Donald Trump after the U.S. president inaugurated one of the brand's factories last week, distancing himself from a visit that was attended by top executives from parent group LVMH.
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward a resolution of the trade dispute between the United States and China helped boost shares in trade-exposed and economically sensitive sectors.
U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world's two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.
Fisher Investments continues to rack up losses as its institutional clients head out the door. Fidelity announced it would terminate a $500 million relationship with the firm. Four government pension plans have left, taking $1.3 billion.
European regulators expect to clear Boeing's grounded 737 MAX to return to service in January at the earliest, following flight trials by European test pilots scheduled for mid-December, Europe's top aviation safety official told Reuters.
Facebook Inc said on Monday it has suspended a network of Instagram accounts operated from Russia that targeted Americans with divisive political messages ahead of next year's U.S. presidential election, with operators posing as people within the United States.
U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody's Investors Service said in a report on Monday.
Between Sanders' "tax and destroy" plan and Warren's rosy revenue estimates, there's much to worry about, Bernstein's economist writes.