Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
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Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
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Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
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Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
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Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
A Texas tax law could muddy U.S. oil inventory data through year-end, but the crude glut is not going away and is now showing up in an oversupply of diesel and other fuels.
That's what showed Wednesday, with a surprise drawdown in U.S. crude stockpiles of 3.6 million barrels, the first decline in 11 weeks. Analysts had expected an increase, and it would be bullish for prices if inventories continue to go down.
But there was also a surprise 5 million barrel rise in distillates, which are diesel and heating oil. That weighed on the market, which had initially rallied on the drawdown in crude.