Chevron, Occidental have fire power left in battle for Anadarko — but they probably won’t use it
Chevron may try to lure Anadarko away from Occidental Petroleum, but some analysts expect a lower bid than its rival. The typically conservative diversified oil companies are eyeing Anadarko’s prime acreage in the Permian Basin, and in the case of...
Stocks making the biggest moves after hours: Alphabet, Yum China, MGM Resorts & more
Google’s New York City office in lower Manhattan. Spencer Platt | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet tanked more than 6% in extended trading Monday following the release of the tech giant’s...
Anti-vaxxers are burdening the economy, NIH doctor says as measles outbreak spreads
The agenda of anti-vaccination activists may be causing a drag on the U.S. economy as the measles outbreak forces people to stay out of work and seek medical care, the director for the National Institute of Allergy and Infectious Diseases...
R.I.P. Inflation: The data point the Fed watches for inflation just said there isn’t any
The Federal Reserve’s preferred inflation gauge showed no change in March and remained well below the central bank’s target, a government report Monday showed. At the same time, consumer spending surged amid a jump in expenditures on motor vehicles and...
China expands global ambitions with a new phase of Xi’s signature program
A paramilitary police officer stands guard in front of red flags at Tiananmen Square in Beijing, China, on Monday, March 2, 2015. Tomohiro Ohsumi | Bloomberg | Getty Images Chinese President Xi Jinping’s signature Belt and Road Initiative is now about...
A bad batch of earnings is Blackstone’s biggest market risk right now
Blackstone’s Joseph Zidle is warning investors earnings season could go awry. With almost half of S&P 500 companies reporting quarterly earnings so far, Zidle believes a lot could still go wrong. He lists an earnings setback as the most legitimate...
FanDuel and DraftKings are racing to turn gambling from your phone into a $150-billion industry
Tiger Woods of the United States celebrates after sinking his putt on the 18th green to win during the final round of the Masters at Augusta National Golf Club on April 14, 2019 in Augusta, Georgia. Andrew Redington | Getty...
Amid criticism, China’s Xi says Belt and Road project can be ‘shared by the world’
China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit. Mauricio Valenzuela | picture alliance | Getty...
Sensing a threat they can’t ignore, Wall Street banks instead partner with tech giants like Apple
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images When Apple announced its credit card last month with a big,...
Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earnings
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve Chairman Jerome Powell is expected to emphasize the Fed...
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