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Citi Says Get Ready for an Oil Squeeze

Citi Says Get Ready for an Oil Squeeze

Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for a shortage, according to Citigroup Inc. Five countries in the group – Libya, Nigeria, Venezuela, Iran and Iraq – may already be pumping at their …

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BHP, world's largest miner, says 2017 is 'tipping point' for electric cars

BHP, world’s largest miner, says 2017 is ‘tipping point’ for electric cars

BHP’s Chief Commercial Officer Arnoud Balhuizen speaks at Reuters office in Singapore Thomson Reuters SINGAPORE (Reuters) - This year looks set to be the “tipping point” for electric cars, Arnoud Balhuizen, chief commercial officer at BHP , said on Tuesday …

JPMorgan devotes $10 million to fight poverty in Washington D.C.

JPMorgan devotes $10 million to fight poverty in Washington D.C.

Washington D.C. is home to some of America’s most powerful people and institutions. And yet nearly one-fifth of the District’s population is living in poverty. That’s because some of the poorest parts of Washington D.C. have been left out of the city’s …

Citi Says Get Ready for an Oil Squeeze

Citi Says Get Ready for an Oil Squeeze

Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for a shortage, according to Citigroup Inc. Five countries in the group – Libya, Nigeria, Venezuela, Iran and Iraq – may already be pumping at their …

Jim Beam Owner Suntory Postpones $36 Billion Revenue Target

Jim Beam Owner Suntory Postpones $36 Billion Revenue Target

Suntory Holdings Ltd., the liquor giant that is facing a slowdown in the Japanese market, stepped back from its goal of almost doubling annual revenue by 2020. The company will reach the sales target of 4 trillion yen ($36 billion) – made in 2014 after …

Fed's Kashkari again says raising rates a mistake given weak inflation

Fed’s Kashkari again says raising rates a mistake given weak inflation

Federal Reserve Bank of Minneapolis President Neel Kashkari reiterated Monday that he believes raising rates right now is a bad idea. Continue Reading Below “The Fed should be under no pressure to raise rates. We have time to let inflation climb back to …

Havens Climb on North Korea as Stocks Point Lower: Markets Wrap

Havens Climb on North Korea as Stocks Point Lower: Markets Wrap

North Korea jolted markets after its foreign minister declared that the nation can shoot down U.S. warplanes, boosting the yen, bonds, gold and signaling a weaker start for Asia’s largest stock markets. The simmering tensions pushed Treasuries higher …

Bass Pro completes $4 billion acquisition of Cabela's

Bass Pro completes $4 billion acquisition of Cabela’s

Bass Pro Shops’ roughly $4 billion acquisition of rival outdoor retailer Cabela’s is complete, but the small western Nebraska town that has been home to Cabela’s is still wondering about its future. Monday’s closing announcement didn’t address how many of …

A rare tumble for tech stocks pulls US indexes lower

A rare tumble for tech stocks pulls US indexes lower

NEW YORK (AP) — Technology stocks slammed into reverse on Monday, and the losses overshadowed gains in other areas of the market to send broad U.S. indexes lower. Treasury bond prices and gold rose, meanwhile, as investors looked for safer places for …

Target to increase its minimum hourly wage to $15 by the end of 2020

Target to increase its minimum hourly wage to $15 by the end of 2020

Target Corp. said Monday it is raising the minimum hourly wage for its workers to $11 starting next month and then increasing it to $15 by the end of 2020. The company said the move will help it better recruit and retain top-quality staff and provide a …

The world's largest hedge fund is developing an automated 'coach' that acts like a personal GPS for decision-making

The world’s largest hedge fund is developing an automated ‘coach’ that acts like a personal GPS for decision-making

Bridgewater founder Ray Dalio believes that automated management systems are the future of workplace interactions. Hollis Johnson Bridgewater Associates founder Ray Dalio believes that all organizations can benefit from automated management systems.

A pair of investing startups are in a public spat about the future of real-estate investing

A pair of investing startups are in a public spat about the future of real-estate investing

Startups Wealthfront and Fundrise have opposing perspectives on how small investors should tap into the real estate markets. The public real-estate markets provide liquidity for investors, but that might come at a cost. Silicon Valley and Wall Street are …

Deal for new city at Newhall Ranch fuels development boom transforming northern L.A. County

Deal for new city at Newhall Ranch fuels development boom transforming northern L.A. County

One of Southern California longest-running and ugliest development battles ended in a historic truce Monday when environmental groups agreed to a deal that will allow a new city of 58,000 residents to rise in the Newhall Pass area. The pact clears perhaps …

Passive investing is changing the stock market in ways investors don’t realize

Passive investing is changing the stock market in ways investors don’t realize

The massive adoption of passive products, particularly exchange-traded funds, is having a pronounced impact on the stock market, but in ways that may not be apparent to the average investor, according to Goldman Sachs. “One unintended consequence from …

Aircraft parts business looks for tax break in move from Glenview to Northbrook

Aircraft parts business looks for tax break in move from Glenview to Northbrook

Northbrook has become more conservative over the last decade in awarding property tax breaks under a county program aimed at spurring industrial development, but officials are being challenged by a new applicant seeking almost $700,000 in tax savings.

The maker of Botox has turned to the oldest trick in the book to save its cratering stock

The maker of Botox has turned to the oldest trick in the book to save its cratering stock

Allergan’s buyback authorization is sending shares higher, once again showcasing the effectiveness of repurchases. Reuters/ Jim Young To combat recent stock weakness, Botox-maker Allergan is resorting to the oldest trick in the book: share buybacks.

Volvo invests $520M to build 2nd vehicle in South Carolina

Volvo invests $520M to build 2nd vehicle in South Carolina

RIDGEVILLE, S.C. (AP) — Even before the first vehicle rolls off the line at Volvo Cars’ new factory in South Carolina, the Swedish automaker has nearly doubled its investment to $1 billion and promised to build a second vehicle at the site. Volvo says it …

The Rich Are Getting Richer in the U.S. Recovery

The Rich Are Getting Richer in the U.S. Recovery

The richest U.S. neighborhoods are getting richer when it comes to benefiting from economic gains. More than half of the national rise in U.S. employment from 2011 to 2015 occurred in the nation’s most prosperous postal codes with the “strongest …

Target to Boost Minimum Wages in Battle for Store Workers

Target to Boost Minimum Wages in Battle for Store Workers

Target Corp. said it is raising its minimum wage to $11 an hour starting next month and to $15 an hour within three years, as the retailer competes to fill low-wage jobs in a tighter labor market. The retailer, which employs about 323,000 people, said the …

German election result and North Korea threat draws money into government bonds

German election result and North Korea threat draws money into government bonds

Christian Democratic Union CDU party leader and German Chancellor Angela Merkel reacts after winning the German general election in Berlin Sunday. Treasury prices rose, pushing down yields, on Monday to follow German government bonds higher after mixed …

Facebook Fail Hits at Silicon Valley Cult of Founder Control

Facebook Fail Hits at Silicon Valley Cult of Founder Control

Silicon Valley spent more than a decade finding ways to give company founders more control. When Facebook Inc. tried to follow suit, shareholders pushed back. In each case, investors went along, buying into the argument that founders need control so they …

This Week: New home sales, Jabil's earnings, US GDP estimate

This Week: New home sales, Jabil’s earnings, US GDP estimate

Economists expect that sales of new U.S. homes rebounded in August after falling sharply the previous month. Sales sank 9.4 percent in July to a seasonally adjusted annual rate of 571,000, the biggest one-month drop in nearly a year. Still, sales so far …

Target to up its minimum hourly wage to $15 by the end of 2020

Target to up its minimum hourly wage to $15 by the end of 2020

Target Corp. said Monday it is raising the minimum hourly wage for its workers to $11 starting next month and then increasing it to $15 by the end of 2020. The company said the move will help it better recruit and retain top-quality staff and provide a …

European Central Bank chief warns on euro’s rise

FRANKFURT, Germany – European Central Bank head Mario Draghi has underlined his concern about the recent rise in the euro’s exchange rate. Draghi said Monday that “the recent volatility in the exchange rate represents a source of uncertainty which …

U.S. stocks set to struggle, as investors look for guidance from Fed speakers

U.S. stocks set to struggle, as investors look for guidance from Fed speakers

U.S. stock futures pointed to a struggle for Wall Street on Monday, with the dollar rising and investors expected to look for guidance from a heavy calendar of Federal Reserve speakers this week. Dow Jones Industrial Average futures YMZ7, -0.11% slipped …

The Bank of England is sounding the alarm on post-Brexit data sharing between Britain and the EU

The Bank of England is sounding the alarm on post-Brexit data sharing between Britain and the EU

LONDON — The Bank of England warned on Monday that many firms “lack robust contingency plans” to deal with certain forms of disruption to the financial sector that could stem from Brexit. Focusing on data sharing between Britain and the EU after Brexit …

Target Will Raise Minimum Hourly Wage to $11 to Counter Wal-Mart

Target Will Raise Minimum Hourly Wage to $11 to Counter Wal-Mart

Target Corp. is giving thousands of its employees a pay raise next month, hoping to stay ahead of Wal-Mart Stores Inc. and other rivals in the war for talent. The retailer announced plans Monday to boost its minimum hourly wage to $11 an hour in October.

Target raises minimum hourly wage to $11, pledges $15 by end of 2020

Target raises minimum hourly wage to $11, pledges $15 by end of 2020

CHICAGO, Sept 25 (Reuters) - Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour – the so-called “living wage” labor advocates across the United States …

Target to up hourly base pay to $15 by end of 2020

Target to up hourly base pay to $15 by end of 2020

NEW YORK (AP) — Target Corp. is raising its minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020 in a move it says will help it better recruit and retain top-quality staff and provide a better shopping …

FTSE 100 under pressure as banks fall, pound rises against the euro

FTSE 100 under pressure as banks fall, pound rises against the euro

U.K. stocks slipped Monday, struggling as sterling climbed against the euro in the wake of Germany’s general election, and as bank stocks sagged as the Bank of England reiterated a warning about risks from credit growth. The FTSE 100 index UKX, -0.17% …

Jaguar Land Rover Is Looking to Buy a Luxury Brand

Jaguar Land Rover Is Looking to Buy a Luxury Brand

Tata Motors unit seeks to bulk up to stay competitive Jaguar Land Rover, the luxury unit of Tata Motors Ltd., is scouting for acquisitions of international automakers amid rising competition in the industry, people with knowledge of the matter said.

Chevron to invest $4 billion to boost Permian Basin output

Chevron to invest $4 billion to boost Permian Basin output

FILE PHOTO: File photo of a Chevron gas station sign in Cardiff, California Thomson Reuters SINGAPORE (Reuters) - Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States …

Striking GM Canada Autoworkers Struggle With Nafta Realties

Striking GM Canada Autoworkers Struggle With Nafta Realties

It’s 28 Celsius (82 Fahrenheit) and striking workers at a General Motors Co. plant in Ingersoll, Ontario cluster around a barrel of burning wood. The fire is a nod to labor tradition, despite the September heat, as the union digs in for the first strike …

'Deal or No Deal' host Noel Edmonds claims he has a secret RBS scandal report

’Deal or No Deal’ host Noel Edmonds claims he has a secret RBS scandal report

Noel fronting his hit TV show ‘Deal Or No Deal.’ Channel 4 Television presenter Noel Edmonds claims to have a copy of a secret report into allegations RBS bankrupted small companies to buy up their assets on the cheap. The “Deal or No Deal” presenter said …

Saudi Arabia Hires Goldman, JPMorgan, HSBC for Dollar Bond

Saudi Arabia Hires Goldman, JPMorgan, HSBC for Dollar Bond

Saudi Arabia will hold calls with fixed-income investors starting Monday as the world’s biggest oil exporter seeks to sell dollar bonds for the second time this year. The kingdom mandated Goldman Sachs Group Inc., GIB Capital, HSBC Holdings Plc, JPMorgan …

German Business Optimism Drops as Economy Nears Peak Growth

German Business Optimism Drops as Economy Nears Peak Growth

German business confidence unexpectedly weakened for a second month in September, in a sign that Europe’s largest economy is struggling to improve on its current brisk pace of expansion. The Ifo Institute’s gauge of business sentiment dropped to 115.2 …

ABB Bolsters U.S. Business With $2.6 Billion GE Unit Deal

ABB Bolsters U.S. Business With $2.6 Billion GE Unit Deal

ABB Ltd. agreed to buy the industrial solutions business of General Electric Co. in a deal valued at $2.6 billion that will strengthen the Swiss company’s business in the U.S., its largest market. Chief Executive Officer Ulrich Spiesshofer is trying to …

RBS is so worried about UK consumer debt that it is delaying launching a new low-interest credit card

RBS is so worried about UK consumer debt that it is delaying launching a new low-interest credit card

LONDON — Royal Bank of Scotland (RBS) has delayed the launch of a new low-interest rate credit card, citing worries about ballooning consumer debts in the UK. RBS, which is almost 70% owned by the British taxpayer, was due to launch a new card with lower …

Japan's Abe Announces Plans for 2 Trillion Yen Spending Package

Japan’s Abe Announces Plans for 2 Trillion Yen Spending Package

Japanese Prime Minister Shinzo Abe announced on Monday that he would seek to implement a 2 trillion yen ($18 billion) spending package to expand access to education and cut waiting times at child-care centers. He made the comments shortly before his …

Japan Raises $11.6 Billion Selling Another Stake in Postal Giant

Japan Raises $11.6 Billion Selling Another Stake in Postal Giant

Nation’s biggest share sale this century comes after 2015 IPO Stock sold at 2% discount amid strong overseas demand Japan’s government raised about 1.3 trillion yen ($11.6 billion) selling a stake in Japan Post Holdings Co., completing the nation’s …

Euro weakens after German election results

Euro weakens after German election results

Christian Democratic Union CDU party leader, German Chancellor Angela Merkel on Sunday. The euro retreated against the dollar on Monday as investors absorbed the outcome of the German general election, which resulted in a win for Chancellor Angela …

Videos

Fareed's Take: German voters and Trump's base

Fareed’s Take: German voters and Trump’s base

#BendTheKnee: Former NFL player Ovie Mughelli speaks out

#BendTheKnee: Former NFL player Ovie Mughelli speaks out

WPP CEO Sir Martin Sorrell On Trump's NFL Tweets: Politics And Sports Can't Be Separated | CNBC

WPP CEO Sir Martin Sorrell On Trump’s NFL Tweets: Politics And Sports Can’t Be Separated | CNBC

White House: Talking About The Flag Is Not A Distraction | CNBC

White House: Talking About The Flag Is Not A Distraction | CNBC

Donald Trump Signs Education Memorandum On 60th Anniversary Of 'Little Rock Nine' | CNBC

Donald Trump Signs Education Memorandum On 60th Anniversary Of ‘Little Rock Nine’ | CNBC

Creators of Will & Grace: Max Mutchnick and David Kohan On Will & Grace Revival | BINGE | CNBC

Creators of Will & Grace: Max Mutchnick and David Kohan On Will & Grace Revival | BINGE | CNBC

7 New iPhone Features From Apple's New iOS 11 | CNBC

7 New iPhone Features From Apple’s New iOS 11 | CNBC

Daimler Trucks CEO Martin Daum: Electric Trucks Could Revolutionize Urban Delivery Process | CNBC

Daimler Trucks CEO Martin Daum: Electric Trucks Could Revolutionize Urban Delivery Process | CNBC

'StarTalk' Host Neil deGrasse Tyson Sheds Light On Modern-Day Space Race | CNBC

’StarTalk’ Host Neil deGrasse Tyson Sheds Light On Modern-Day Space Race | CNBC

Alexandra Shapiro Came To The US As A Refugee With Only $650, Now She Is A CMO At A Start-Up | CNBC

Alexandra Shapiro Came To The US As A Refugee With Only $650, Now She Is A CMO At A Start-Up | CNBC

New York Governor Andrew Cuomo Is Calling For Puerto Rico Relief | CNBC

New York Governor Andrew Cuomo Is Calling For Puerto Rico Relief | CNBC

What Former Ambassador Joseph DeTrani Thinks Would Happen If The US Strikes North Korea | CNBC

What Former Ambassador Joseph DeTrani Thinks Would Happen If The US Strikes North Korea | CNBC

Mark Cuban: Donald Trump Should Have Said Nothing About National Anthem Protests In NFL | CNBC

Mark Cuban: Donald Trump Should Have Said Nothing About National Anthem Protests In NFL | CNBC

Megyn Kelly debuts NBC morning show

Megyn Kelly debuts NBC morning show

Obama Personally Warned Mark Zuckerberg After The Election About Fake News On Facebook | CNBC

Obama Personally Warned Mark Zuckerberg After The Election About Fake News On Facebook | CNBC

New Graham-Cassidy Bill Draft To Repeal Obamacare Aims To Win Over Republican Holdouts | CNBC

New Graham-Cassidy Bill Draft To Repeal Obamacare Aims To Win Over Republican Holdouts | CNBC

CNBC Review: Apple Watch Series 3 | CNBC

CNBC Review: Apple Watch Series 3 | CNBC

This Robotic Smart Glove Is Like Wearing A Bionic Hand | CNBC

This Robotic Smart Glove Is Like Wearing A Bionic Hand | CNBC

Silicon Valley execs conflicted on possible regulation

Silicon Valley execs conflicted on possible regulation

How Trump is changing sports coverage

How Trump is changing sports coverage

The week in media news with Bill Carter

The week in media news with Bill Carter

Carl Bernstein: Russia probes are 'closing in'

Carl Bernstein: Russia probes are ‘closing in’

Warner wants a new law tracking political ads

Warner wants a new law tracking political ads

Ravens, Jaguars kneel during national anthem

Ravens, Jaguars kneel during national anthem

See the 'unity' ad the NFL is airing after Trum...

See the ‘unity’ ad the NFL is airing after Trum…

Warner: We need to make Russia-linked ads public

Warner: We need to make Russia-linked ads public

Trump: I wish NFL owners respected US flag

Trump: I wish NFL owners respected US flag

Nordvig Strategist: Cryptocurrency Trading Volume To Surpass Apple's | CNBC

Nordvig Strategist: Cryptocurrency Trading Volume To Surpass Apple’s | CNBC

New Drug Test Can Detect Cocaine In A Fingerprint In Seconds | CNBC

New Drug Test Can Detect Cocaine In A Fingerprint In Seconds | CNBC

London Is Going Back To The Dark Ages: Carnegie Mellon Professor On Uber Decision | CNBC

London Is Going Back To The Dark Ages: Carnegie Mellon Professor On Uber Decision | CNBC

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