Oil slips but holds near 2019 peak as supplies tighten

More Volatility Ahead for Oil? Duquesne University Professor Kent Moors weighs in on why oil is moving higher despite the surplus. Oil edged lower on Thursday but held near 2019 highs, supported by a sharp tightening of global stocks, OPEC production cuts and U.S. sanctions on key producers Iran and Venezuela. Continue Reading Below International Brent crude oil futures were down 30 cents […]

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Passenger growth story hits air pocket, dips to 53-month low

February sees 5.6% increase as carriers trimmed schedules Domestic air passenger growth has lost the high double-digit momentum seen till recently, with a growth of 5.62% in February — a 53-month low — with airlines flying 11.34 million passengers compared to 10.74 million, according to DGCA data released on Wednesday. The last time such a low growth was reported was […]

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The $100 billion club saw its membership double overnight

In a Reddit “Ask Me Anything” session last month, Daniel Ayon asked Bill Gates if being a billionaire has made him a happier person. The MicrosoftMSFT, +0.36%co-founder’s blunt response: yes. Gates must be positively glowing today. While he has yet to reclaim the title of world’s richest man he lost in 2017, Gates, now a global philanthropist, did just manage […]

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FedEx stock falls, but ‘green sprouts’ help keep most analysts bullish

Shares of FedEx Corp. took a dive Wednesday, in the wake of a gloomy earnings report, but most analysts remain bullish on the package delivery giant as recent “green sprouts” suggest the longer-term outlook remains bright. FedEx reported late Tuesday a fiscal third-quarter profit and revenue that missed expectations, and cut its full-year earnings outlook, citing slowing international economic conditions […]

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Angel tax: CBDT, DPIIT trade blame for delay in resolving issue

Can’t use data in PDF form, says CBDT In an escalating back-and-forth between the Central Board of Direct Taxes and the Department for Promotion of Industry and Internal Trade over the infrastructural roadblocks to finding a solution to the angel tax issue, both bodies have passed the buck to the other in order to resolve the problem. Last month, the […]

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Cannabis stocks lower after Green Organic Dutchman’s earnings disappoint

Cannabis stocks moved lower Wednesday, as investors scrutinized earnings from Green Organic Dutchman Holdings Ltd. and awaited a U.S. congressional committee vote next week on protecting banks that serve the sector. Korey Bauer, Portfolio Manager of the Cannabis Growth Fund CANNX, +0.77% a mutual fund recently launched by Foothill Capital Management, said the market is likely taking a breather after […]

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EU regulators fine Google €1.49 billion for blocking rival online search advertisers

Last year, the EU competition enforcer imposed a record €4.34 billion fine on Google for using its popular Android mobile operating system to block rivals. European Union (EU) antitrust regulators handed down a €1.49 billion fine to Google on Wednesday for blocking rival online search advertisers, marking the company’s third penalty in two years. EU’s competition commissioner Margrethe Vestager announced […]

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Instagram adds shopping feature for U.S. users

The feature will allow U.S. Instagram users to click on a product featured in a post, see its price, and click again to bring up an order form. Facebook Inc.’s Instagram is trialing a feature that lets U.S. users shop from the photo-sharing app by using a “checkout” option on items tagged for sale, the company said on Tuesday. The […]

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Apple wants to change the way you watch sports

If Apple Inc. gets its way, you might never miss a sports highlight again. According to a report published Tuesday by Sports Illustrated, the tech giant has a team of a dozen workers constantly watching a variety of sports — in what they geekily call “The Sports Ball Room” — and potentially laying the groundwork for a curated service that […]

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