Category

Business

Dollar gains on retail sales data, Fed rate cut date unclear

Dollar gains on retail sales data, Fed rate cut date unclear

By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to cut interest rates is still unknown. The dollar...

Oil prices dive on big US crude stock build, record output

Oil prices dive on big US crude stock build, record output

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices tumbled more than 1.5% on Wednesday on a bigger-than-expected rise in U.S. crude inventories and record production in the world's biggest producer, along with mounting worries about demand in Asia. Brent futures...

US lawmakers question Apple over Jon Stewart’s China content

US lawmakers question Apple over Jon Stewart’s China content

By Patricia Zengerle and Michael Martina WASHINGTON (Reuters) -U.S. lawmakers asked Apple Inc to explain the abrupt end of political comedian Jon Stewart's television show on its streaming service, according to a letter made public on Wednesday, citing concerns that...

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