Volkswagen to inject $2.6 billion into Ford unit Argo AI: source
Carmaker Volkswagen will inject $2.6 billion into Ford's self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to the matter said on Friday.
Carmaker Volkswagen will inject $2.6 billion into Ford's self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to the matter said on Friday.
Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
Asian shares shuttled between small losses and gains on Friday as investors awaited China trade, lending and growth data, and as worries over Sino-U.S. trade tensions deflated optimism rooted in expectations of a Federal Reserve rate cut this month.
Oil prices hovered near six-week highs on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East.
China is considering re-classifying petrol-electric hybrid vehicles so they get more favorable treatment than all-petrol or diesel counterparts under clean car rules, making it easier for automakers to meet environment quotas and offer more choice.
Bespoke Investment Group looked at the most volatile stocks in the first trading day following a quarterly report.
JPMorgan Chase is trying to make it harder for its credit card customers to sue the bank in court. Here's what you can do about it.
Andreessen Horowitz is hiring Credit Karma's Anish Acharya as its newest general partner to hunt down investments in financial technology.
One donor-advised fund gave investors access to Beyond Meat before its surprise hit of an IPO. Here's how these charitable strategies could make it easier for mass affluent investors to give.
In a world of retail "winners and losers" Goldman Sachs is betting on a few big-box retailers it feels will shoot up over the next year.
U.S. stock index futures pared gains on Thursday after U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June, dimming hopes for an aggressive interest cut by the Federal Reserve this month.
T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources close to the deal.
Global commodities trader Cargill Inc [CARG.UL] reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock.
Oil prices steadied on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers cut nearly a third of their output in the Gulf of Mexico ahead of what could be one of the first major storms of the Atlantic hurricane.
U.S. stocks rose on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell's dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates.