OPEC, Russia agree oil cut extension to end of 2018
OPEC and non-OPEC oil producers look poised to agree on Thursday to extend output cuts until the end of 2018 to finish clearing a global glut of crude while signaling they could exit the deal earlier if the market overheats.
Drilling-gear company will pay $238 million in bribery case
Federal officials say a Netherlands-based maker of equipment for offshore oil drilling will pay $238 million to settle charges of paying bribes to officials in five oil-producing countries.
NEW YORK (Reuters) - The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on increasing indications the Republican party's push for a U.S. tax overhaul may get enough support to pass.
U.S. Treasury would run out of cash by early April if debt ceiling not lifted: CBO
The U.S. Treasury would exhaust all of its borrowing options and run dry of cash by late March or early April if Congress does not raise the debt ceiling, the CBO said.
Walmart has pulled a T-shirt offered by an outside seller from its online store after a journalist advocacy group told the retailer it found the shirt threatening.
As Republicans work to approve a tax reform bill before the end of the year, some experts warn that eliminating state and local tax (SALT) deductions could cause wealthy individuals to leave places like New York, New Jersey and California, in favor of states with more favorable income tax rates.
SAN FRANCISCO/DETROIT (Reuters) - General Motors Co laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc's Waymo.
NEW YORK (Reuters) - Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday.
(Reuters) - Kroger Co issued an upbeat holiday forecast and better-than-expected quarterly results, helped by aggressive discounts that lured more shoppers to its supermarkets, and shares soared as much as 13.6 percent.
(Reuters) - The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on strong indications that President Donald Trump's tax-cut plan may get enough support to pass.
NEW YORK (Reuters) - Verizon Communications Inc shares rose 2 percent in midday trading on Thursday after the No. 1 U.S. wireless carrier said it would launch next-generation high-speed Internet services in three to five U.S. markets in 2018.