Business

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G7 leaders turn gaze to Africa, climate harmony elusive

TAORMINA, Italy (Reuters) - Talks between U.S. President Donald Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned German trade policies a day earlier.<p>Trump's confrontational …

World News

British Airways says computer outage causing global delays

LONDON (AP) — British Airways says travelers are facing delays because of a failure of its computer systems worldwide.<p>The airline has apologized for what it calls an "IT systems outage" and says it is working to resolve the problem. It says in a tweet that Saturday's problem is global.<p>Passengers at …

Airlines

Q1 US GDP Growth Revised Up To A Still Weak 1.2%

The gross domestic product of the United States is an important number, it’s a measure of the economic wealth of the polity. Thus the news that the estimate of how fast that GDP grew in the first quarter has been revised up to 1.2% is good news. However, it’s only marginally good news for that’s …

Federal Reserve

Oil Holds Biggest Loss in 3 Weeks After OPEC Choice Disappoints - Bloomberg

Oil recovered some of its mojo, nearing $50 a barrel again, as investors tempered their disappointment over OPEC’s output agreement.<p>Futures rose in …

Oil

Gold books highest settlement in a month, 3rd straight weekly rise

Gold on Friday closed at its highest level of the month, lifting prices for a third week in a row as a fresh round of geopolitical jitters offset expectations for higher U.S. interest rates, which would otherwise be bearish for gold prices.<p>Investors were watching North Korea, this weekend’s Group …

gold

Senator to Treasury Secretary: We need details on tax reform

Treasury Secretary Steven Mnuchin met with the Senate Finance Committee this week to discuss President Trump's budget and, in particular, the administration's standon tax reform.<p>But Mnuchin wasn't providing many new details, more often reiterating the same general concepts and vague assurances that …

S&P Dow Jones Indices

Sean Hannity hit by advertiser exodus in wake of bogus Seth Rich story

Seven companies including USAA and Cars.com pull advertising from show Hannity currently absent on what Fox News says is planned vacation Sean Hannity targets media watchdog amid questions over future at Fox<p>Seven companies have stopped advertising on Sean Hannity’s Fox News show after he continued …

Sean Hannity

Cramer’s Executive Cut: This abrupt tech shift is impacting how companies make money

Jim Cramer spoke with CEOs across the business spectrum about an unprecedented change in the economy.

Jim Cramer

Digging into a stock market oddity

Erin Gibbs of S&P Global and Bill Baruch with iiTrader discuss stocks with Brian Sullivan.

Dick Bove: Bank CEOs are making a big mistake that’s hurting their stocks

Dick Bove, veteran bank analyst with Rafferty Capital Markets, discusses the bank stocks in this interview with Brian Sullivan.

Finance

Ford Motor Company: Great Business, Poor Asset Allocation

Ford's business performance over the last two years has been extremely strong, but has not been rewarded in the stock price.<p>Free cash flow, which …

Investing

As premier heads to Europe, China says resolute about opening its market

BEIJING (Reuters) - China is determined to open its market and is positive about promoting talks on a China-EU investment agreement, a senior Chinese official said on Saturday ahead of Premier Li Keqiang's visit to Brussels for a summit with the European Union.<p>The EU-China summit on June 2 will be …

China

The Latest: G-7 leaders give US more time on climate deal

TAORMINA, Sicily (AP) — The Latest on President Donald Trump's visit to Europe (all times local):<p>11:30 a.m.<p>Leaders of seven wealthy democracies have reached a deal to give the Trump administration more time to tell them whether the United States plans to stay in the Paris climate agreement.<p>A person …

Donald Trump

Rolls-Royce Unveils Sweptail At Villa d'Este for Concorso d'Eleganza

Sweptail is a highly bespoke motor car created by Rolls-Royce to fulfil the dreams of a single customer. Unveiled at Concorso d’Eleganza, at Villa d’Este, it evokes the drama of the swept-tail Rolls-Royces from the 1920s, admired by the client who came to the House of Rolls-Royce in 2013 setting …

Luxury

The CIO of a $114 billion investment firm sees 'stormy weather' ahead for stocks

Many things have tried to derail the eight-year-old equity bull market. They've all failed.<p>The surprise devaluation of the Chinese yuan, Brexit, the shocking US presidential election — they all gave it their best shot, but were ultimately stymied by optimistic investors who saw an opportunity to …

Finance

Pope denounces speculators in visit to industrial workers

ROME (AP) — Pope Francis highlighted the struggle workers face in a globalizing economy with a visit Saturday to a troubled steel factory in Genoa, where he stressed the importance of work in giving people a sense of human dignity and denounced those who would exploit their workers.<p>The visit puts a …

Pope Francis

General Election 2017 Is Now Making Pound Traders Nervous - Bloomberg

The U.K. elections are getting tighter, which could mean a nervy couple of weeks for pound traders.<p>Sterling dropped Friday, rounding off the worst …

Markets

The Latest: Trump in Italy for second day of G-7 meetings

TAORMINA, Italy (AP) — The Latest on President Donald Trump's visit to Europe (all times local):<p>9:10 a.m.<p>President Donald Trump is in Taormina, Italy for a second day of meetings with Group of Seven wealthy nation leaders.<p>Leaders from the G-7 countries were expected to gather at the San Domenico …

World Leaders

Kuwaiti company agrees to pay $95 million in fraud case

WASHINGTON (AP) — A Kuwaiti logistics company has agreed to pay $95 million to resolve allegations that it inflated prices and defrauded the U.S. government for contracts to feed American troops in Iraq, Kuwait and Jordan.<p>The Justice Department announced the settlement involving Agility Public …

Corruption

Trump's 2018 budget will kill early earthquake warning systems faster than you can say 'seismograph'

Should Donald Trump's 2018 budget pass, federal funding for a proposed early earthquake warning system will disappear, killing the project faster than you can say "seismograph."<p>According to the proposed budget, the ShakeAlert early warning system will not receive the $8.2 million in funding it …

Adam Schiff

Trump's budget renews debate on Arctic refuge oil drilling

ANCHORAGE, Alaska (AP) — President Donald Trump's plan to help balance the federal budget features a new attempt to open the coastal plain of Alaska's Arctic National Wildlife Refuge to petroleum drilling.<p>The effort is the latest chapter in a long-running political fight between two camps: …

Oil

Amid Brazil's scandal, Batista brothers resign board leadership at JBS

In more fallout from Brazil's political scandal, the brother owners of meatpacking giant JBS (JBSAY -3.9%) have resigned under pressure from senior …

Brazil

China April industrial profits up 14 percent but slowing pace stokes economy worries

BEIJING (Reuters) - Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace and adding to concerns that the world's second-largest economy may be losing steam.<p>Profits in April rose to 572.78 billion yuan …

China

Millennials are fueling new growth in recreational vehicle sales

With summer approaching and outdoor sites beckoning, Amy Buckles just put a deposit down on a ticket to adventure — her first new travel trailer.<p>The 35-year-old newcomer from Bristol, Va., is among the first-time recreational vehicle buyers expected to drive sales to a new record this year, the …

RVs

Extremely polluting Nissan and Renault diesel cars still on sale, data reveals

Cars that emit up to 18 times the official NOx limit in real-world conditions are still being sold, 20 months after the emissions scandal broke and amid an ongoing air pollution crisis<p>Diesel cars that emit up to 18 times the official limit for toxic pollution when taken on to the road are still …

Electric Vehicles

Stable gas prices expected to boost Memorial Day road trips

Stable gasoline prices are expected to fuel a slight increase in long trips this Memorial Day weekend.<p>The AAA auto club predicts that 39 million Americans will make a trip of at least 50 miles this weekend, up 2.7 percent from the same holiday last year.<p>The nationwide average price for a gallon of …

Road Trips

Wireless industry veteran is out as Tidal CEO

Tidal announced that its third CEO in two years, Jeff Toig, has left the music streaming service. <i>Billboard</i> has learned from the company that his …

Chief Business Officers

Micro Focus to become largest UK tech firm after HP deal approved

Micro Focus shareholders have approved the takeover of Hewlett Packard Enterprise's software business, a deal that will create Britain's largest technology company.<p>The company won 99.9pc approval for the deal at a shareholder meeting on Friday, the final hurdle towards the transaction.<p>Once the …

Hewlett Packard Enterprise

Sergey Brin's secret blimp will be a luxury 'air yacht' and be used to deliver humanitarian aid, report says

More details are leaking about Google co-founder Sergey Brin's secret quest to build a giant airship.<p>Bloomberg broke the news last month that Brin was working on a secret blimp project at Moffett Field. Business Insider subsequently reported that Brin's company was called LTA Research & Exploration …

Sergey Brin

Allegiant announces second executive departure this month

LAS VEGAS (AP) — Allegiant Air's parent says its chief operating officer has resigned, the second high-ranking executive to leave the discount carrier this month.<p>Allegiant Travel Co. said Friday that Jude Bricker is leaving, but the airline gave no further explanation.<p>Bricker joined Allegiant in …

Airlines

Energy drink company helps vets get jobs

True Eagle CEO David Seliktar on Friday discussed why his company is donating 5 percent of its total sales to Hire Heroes USA, a charity that helps Veterans find work.<p>“First of all we did a lot of vetting of many, many organizations, in all forms of assisting the military -- whether it’s during …

Veterans

UAE says oil agreement will help to balance market: agency

The extension of a global oil output cut deal will help to bring balance to the oil market and encourage investments in the oil sector, the United Arab Emirates energy minister said on Friday.<p>The agreement "will help motivate balance of the market," Suhail bin Mohammed al-Mazroui said according to …

Oil

Electric bikes help power cycle sales at Halfords

Chain’s sales of battery-assisted models have risen 130% in a year but overall profits are down 7.5% due to the fall in sterling<p>Bike and car parts retailer Halfords has reported a surge in demand for electric bikes.<p>Sales of e-bikes soared 130% over the year at Halfords, helping to increase its …

Cycling

Treasury secretary's fiancée to resign from Hollywood CEO job after senator's criticism

Treasury Secretary Steven Mnuchin's fiancée will sever ties to the Hollywood business Mnuchin once headed.<p>Louise Linton plans to step down from her position as interim CEO of Dune Entertainment, a film financing firm, according to a letter from Treasury reviewed by CNNMoney.<p>Linton took over the top …

Steven Mnuchin

State, local leaders circle wagons to save tax break from Trump

Wiping out the deduction for state and local taxes could reap more than $1 trillion in the coming decade, but cost some taxpayers thousands of dollars per year.<p>Elected leaders from both parties are mounting a fight against one likely provision in President Donald Trump’s tax-overhaul plan — the …

Retirement

Yahoo's top editor will leave after Verizon sale

Megan Liberman, the editor-in-chief of Yahoo News, announced Friday that she is leaving the company after the completion of its merger with Verizon.<p>Liberman informed staff of the news in an email, and her departure was confirmed by a Yahoo spokesperson.<p>"For now, I just want to say thank you," …

Marissa Mayer

States Try To Keep Nursing Homes From Kicking Out Less Lucrative Patients

People complain about nursing homes a lot: the food's no good or there's not enough staff, and so on. It's a long list. But the top complaint, according to the federal government, is eviction from a nursing home.<p>Technically, it's known as involuntary discharge, and in 2015 it brought in more than …

Health Care

It is really hard to be a farm-to-doorstep table food startup

Sprig raised $45 million two years ago for its vision of providing healthy meals delivered quickly. The money made the San Francisco-based startup one of the biggest entrants into the burgeoning farm-to-doorstep food market.<p>On Friday, the company announced that it is shutting down.<p>"The demand for …

Startups

These companies are racing to develop a Breathalyzer for pot

When the governor of Vermont vetoed a marijuana legalization bill this week, he said he was especially worried about stoned driving. He wants to hear more about an "impairment testing mechanism" to detect it.<p>The problem is that no such mechanism exists. There is no Breathalyzer for pot.<p>Urine and …

Cannabis

The surprising role where women consistently earn more than men

The gender pay gap has shown up in seemingly every job there is: Tech workers. Scientists. Even male nurses make more than their female peers.<p>But in one occupation — one at the very tiptop of Corporate America — the median woman has consistently earned more than the median man. It's the corner …

S&P 500