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Saudi Arabia formally starts IPO of oil firm Saudi Aramco

DHAHRAN, Saudi Arabia (AP) — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years...

The Importance of Microeconomics

There are many factors to consider when describing how microeconomics applies to nearly all facets of our lives. However, the basis of it all,...

Berkshire Hathaway’s third-quarter profits decline 11%

Warren Buffett’s company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of...

Apple asks U.S. to waive tariffs on Chinese-made watches, iPhone parts, AirPods

Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other consumer products, according to company filings with...

Federal safety agency launches probe of Tesla battery fires

Federal safety regulators have begun looking into Tesla battery fires. The probe covers all Model S and Model X vehicles manufactured between 2012 and...

Chevron’s profit falls due to weaker oil and gas prices

Chevron Corp reported a larger-than-expected 36% drop in third-quarter profit on Friday, hit by lower oil and gas prices despite an overall increase in...

Sensex perches near lifetime high; posts weekly gain

(PTI) The BSE benchmark Sensex notched up gains for the sixth straight session on Friday as risk sentiment remained skewed towards equities even amid lackluster...

As economy slows, new ECB head Lagarde faces big challenges

The ECB’s benchmark interest rate on deposits left overnight from banks is already at an unprecedented minus 0.5%. Bank officials have said it could be cut further, but at some point the ECB would reach a point where adverse side effects such as the impact on bank profits may outweigh the benefits.

Apple shakes off iPhone slump to deliver strong fiscal 4Q

Sales and revenue in the July-September quarter exceeded Wall Street estimates as Apple’s newest iPhones got off to a better start than expected, even though the devices aren’t that much different from last year’s models.

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