Amazon is preparing a limited launch of a delivery service that would compete directly with services like Fedex and UPS, the Wall Street Journal reported Friday. Citing unnamed sources, the newspaper said the US online and retail giant expects to begin a delivery service in Los Angeles in coming weeks with third-party merchants that sell […]
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Finnish oil refiner and biofuel producer Neste expects the reinstatement of the renewable fuel tax credit in the United States to increase its first quarter profit, the company said on Friday. The retroactive approval of the 2017 biodiesel credit was part of the budget deal approved by the U.S. Senate and House of Representatives, averting […]
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Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s […]
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German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now “significantly lower”, its chief financial officer said. “In every market we have a share of at least 15 to 20 percent,” CFO Harm Ohlmeyer told the Boersen Zeitung in an interview published on Saturday. “Our […]
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President Donald Trump said Sunday that a program that protects immigrants who were brought to the U.S. illegally as children is “probably dead,” casting a cloud over already tenuous negotiations just days before a deadline on a government funding deal that Democrats have tied to immigration. At issue is the Deferred Action for Childhood Arrivals […]
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Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, handing out one-time cash bonuses to those who don’t benefit from the pay hike and expanding its maternity and parental leave benefits. The company said the moves that will affect more than a million hourly workers in […]
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The Taiwan Flour Millers´ Association last week bought 73,635 tonnes of milling wheat to be sourced from the United States, European traders said on Wednesday. The wheat was bought in two consignments for shipment from the U.S. Pacific North West coast. The first consignment for shipment between Feb. 19 and March 5 involved 18,575 tonnes […]
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The U.S. trade deficit rose to $50.5 billion in November, the largest imbalance in nearly six years, as imports and exports both hit records. The November deficit was 3.2 percent higher than October’s $48.9 billion imbalance, the Commerce Department reported Friday. U.S. exports of goods and services were up 2.3 percent to an all-time high […]
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When is a penny worth $300,000? When it’s one of the first copper coins struck at the U.S. Mint in Philadelphia, in 1793. The annual Florida United Numismatists (FUN) convention was held in Tampa this week. It’s considered one of the five largest coin and currency collectors’ shows in the nation, experts say, and three […]
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Taken a look at your stock portfolio lately? It’s a good bet it’s racked up solid gains this year. Wall Street has taken stock investors on a mostly smooth, record-shattering ride in 2017. The major stock indexes are closing in on double-digit gains for the year, led by Apple, Facebook and other technology stocks. The […]
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US President Donald Trump on Friday signed into law a sweeping overhaul of the US tax code, two days after the Republican plan was adopted by Congress in a major political victory. Trump signed the bill shortly before departing for a year-end break at his Mar-a-Lago resort in Florida, pulling forward a formal signing initially […]
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Unemployment rates dropped to record lows in Alabama, California, Hawaii, Mississippi and Texas in November. The Labor Department’s report on state unemployment released Friday showed rates fell in 19 other states, a positive sign for U.S. economic growth. Over the past 12 months, 27 states have added payroll jobs. Job totals have essentially been unchanged […]
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