Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
Volkswagen CEO Matthias Mueller said on Tuesday that the automaker will need to make "massive" cost savings overcome the consequences of the emissions scandal that has engulfed it.
Addressing staff, Reuters cited the the newly-appointed CEO as saying the group could overcome the crisis and emerge stronger from it. He added the financial impact of the crisis was not yet clear. The group would do the utmost to limit the impact on jobs.
Billions of euros have been wiped off Volkswagen's value following the revelation that the company had used software to change its diesel engines' performance under U.S. test conditions.
Volkswagen Works Council chief Bernd Osterloh said all projects and investments would be reviewed. The scandal would impact earnings as well as workers' bonuses, he said.
Mueller replaces Martin Winterkorn, who stepped down two weeks ago following revelations of the auto giant's manipulation of emission tests for its diesel cars. In a statement he made at the time of his appointment, Mueller said he wanted to implement strict compliance standards while gaining back the trust the company has lost.
German business daily Handelblatt reported earlier on Tuesday that 8 million diesel vehicles in the European Union are equipped with software that cheats emissions tests. It obtained a company letter addressed to German parliamentarians which said all affected automobiles will be repaired in Volkswagen's shops. The automaker would cover the costs associated with that.
for the latest on the markets.