Business Headlines

  • Pakistan's Imran Khan sworn in as prime minister

    Pakistan's cricket star-turned-politician Imran Khan was sworn in as prime minister on Saturday despite protests by opposition parties, which accuse the security services of intervening on his behalf in last month's elections. Khan' s Tehreek-e-Insaf party won the most seats in the July 25...

    ABC News
  • Emerging markets: who's taking the biggest hits and why?

    Trump trade tariffs and higher borrowing costs are causing problems from Turkey to China Donald Trump’s trade tariffs are causing tremors in global markets. Emerging economies from Turkey to China are finding it more expensive to export to the US. Investors who put their money in safe havens after the 2012 Greek crisis are nervous again. The FTSE Emerging Index of stocks in the developing world tumbled last week, taking the decline in its value since the beginning of the year to more than...

    the Guardian
  • Tesla board torn between shareholders and CEO

    Tesla’s board of directors is at a critical juncture, wedged between a larger-than-life figure to whom many are personally close and their larger responsibility to shareholders.

  • Top VC Deals: Alphabet backs Oscar, and DoorDash notches $4 billion valuation

    A weekly recap of some of the most interesting venture capital deals, funds and start-ups.

  • Why Victoria’s Secret’s idea of sexy may be killing its brand

    Supermodel Lais Ribeiro strutted her lithesome 6-foot frame across the stage last November at the annual Victoria’s Secret Fashion Show, her 31-23-33 figure barely contained in the company’s Fantasy Bra. As she did her thing, Harry Styles gyrated on the stage and belted out his hit single, “Only Angel.” The crowd went crazy, and it...

    New York Post
  • Pakistan’s Imran Khan sworn in as prime minister

    Pakistan’s cricket star-turned-politician Imran Khan has been sworn in as prime minister after his party won the most votes in last month’s election despite protests by opposition parties, which accuse the security services of intervening on his behalf.
  • Venezuela hikes wages ahead of monetary overhaul

    Venezuelan President Nicolas Maduro has raised wages for the fifth time this year while saying he's looking to establish a single exchange rate tied to the nation's fledgling cryptocurrency. Maduro made the announcement Friday night ahead of a monetary overhaul next week that will see five...

    ABC News
  • Mexico’s AMLO says public should decide fate of new airport

    MEXICO CITY >> After vowing on the campaign trail to scrap an ambitious new airport being built for Mexico City, President-elect Andres Manuel Lopez Obrador said Friday that the fate of the $15.7 billion project should be decided by the nation's people. Lopez Obrador, who is to take office Dec.

  • Where White House touts a boom, most economists see a blip

    WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is

    AP News
  • Santander and Nationwide rated best student bank account providers by Which?

    RBS and TSB rank worst in survey of 5,000 students
  • HUD hits Facebook with housing discrimination complaint

    The Department of Housing and Urban Development is accusing Facebook of violating the Fair Housing Act. The agency filed a formal complaint against the social media company on Friday, alleging that it allows landlords and home sellers to use targeted Facebook ads to discriminate against potential buyers or tenants on the basis of race, sex, religion, disability and other characteristics. "When Facebook uses the vast amount of personal data it collects to help advertisers to discriminate, it's...

  • Elon Musk disputes Azealia Banks' claims about weekend at his home

    The Tesla CEO tells The New York Times that he glimpsed the rapper "for two seconds at about a 30-foot distance as she was leaving the house"

  • Turkey's credit rating slashed amid lira's 'extreme volatility'

    Turkey's credit rating has been slashed further into "junk" by both Moody's and S&P Global Ratings as the lira exhibited "extreme volatility" and as policy-making in the country became less predictable.

    The Telegraph
  • Business Highlights

    ___ Tesla shares fall as CEO admits job stress is getting to him DETROIT (AP) — Shares of Electric car maker Tesla Inc. tumbled about 9 percent Friday after CEO Elon Musk conceded in a newspaper interview that job stress may be getting the best of him. Tesla shares closed at $305.50,...

    ABC News
  • Trump attends Hamptons fundraiser hosted by hot dog magnate

    President Donald Trump headlined a closed-door fundraiser Friday at the Hamptons, New York, home of one of his closest friends, the chairman of the iconic Nathan's Famous hot dog business. Trump participated in a roundtable with high-dollar donors before delivering remarks at a luncheon in...

    ABC News
  • Kweku Adoboli at risk of deportation after judicial review denied

    Former UBS trader Kweku Adoboli could be detained by the Home Office next week and deported, after having been denied permission for a judicial review of his case.

    The Telegraph
  • NASA: Fireball over Southeast traveled at 53,700 mph

    NASA says a fireball that streaked across the Southeastern sky was traveling about 53,700 mph (86,400 kph) when it lit up the night over Alabama. The Meteoroid Environment Office at NASA's Marshall Space Flight Center says numerous people saw a very bright streak early Friday. A...

    ABC News
  • AP Interview: Top Republican opens up about Russia probe

    For much of the last two years, Senate Intelligence Committee Chairman Richard Burr has been the Russia investigator who is seen but rarely heard on Capitol Hill. In an exclusive interview with The Associated Press, the North Carolina Republican opened up about the investigation that has...

    ABC News
  • Venezuela hikes wages ahead of monetary overhaul

    Venezuelan President Nicolas Maduro has raised wages for the fifth time this year while saying he’s looking to establish a single exchange rate tied to the nation’s fledgling cryptocurrency.

    Washington Post
  • Privacy group tells FTC Google tracking violated 2011 order

    A privacy group says in a letter to Federal Trade Commission that Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week. The Electronic Privacy Information Center says in the letter to the FTC that Google's recording...

    ABC News
  • Zoe's and Nordstrom rise while Tesla and Nvidia skid

    Stocks that moved substantially or traded heavily Friday: Nvidia Corp., down $12.62 to $244.82 The chipmaker's profit forecast fell short of Wall Street forecasts. Applied Materials Inc., down $3.66 to $43.77 The chipmaking equipment company's quarterly profit and revenue...

    ABC News
  • How major US stock indexes fared Friday

    U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute by November. On Friday: The S&P 500 index rose 9.44 points, or 0.3 percent, at...

    ABC News
  • Here's why you need to pay attention to Cava's acquisition of Zoes Kitchen

    Panera Bread founder Ron Shaich heads up Act III Holdings, the investment fund that offered to help finance Cava's acquisition of Zoes. Should the deal go through, he will become chairman of the private company.

  • Shares of Sears fall to record low as CEO Lampert's hedge fund eyes Kenmore

    Shares of Sears Holdings skidded to a record low Friday after the company disclosed earlier in the week that a hedge fund owned by CEO Eddie Lampert offered to buy the troubled retailer's Kenmore appliance division for $400 million.