Finance

CUCUTA, Colombia/URENA, Venezuela, Feb 23 (Reuters) – Venezuelan troops loyal to President Nicolas Maduro fired tear gas and rubber pellets at opposition supporters seeking to bring foreign aid over the Colombian border on Saturday, as the country’s socialist government defied international pressure to step down. The clashes occurred as Venezuelan opposition leader Juan Guaido, who most Western […]

Wall Street capped a week of milestones by delivering a couple more Friday. A late-afternoon burst of buying lifted the major U.S. stock indexes, which had spent much of the day in a sideways drift. The gains nudged the benchmark S&P 500 index and Nasdaq composite to new closing highs for the second time this

WASHINGTON, Feb 28 (Reuters) – President Donald Trump’s former personal lawyer Michael Cohen will talk behind closed doors on Thursday to a congressional panel investigating Russia’s interference in the 2016 U.S. election, capping an explosive week of testimony in which he leveled new allegations of wrongdoing at his former boss. In his third and final

Elon Musk and U.S. securities regulators have settled their dispute over the Tesla CEO’s tweets, with Musk agreeing to having his future communications regarding the electric-car maker pre-approved by a company-employed expert. The Securities and Exchange Commission and Musk reached the agreement, which they detailed in filings Friday in federal court in Manhattan. The agreement

CARACAS, March 7 (Reuters) – A major power outage hit crisis-stricken Venezuela on Thursday, according to Reuters witnesses, a problem the government of President Nicolas Maduro quickly blamed on “sabotage” at a hydroelectric dam that provides much of the country’s power. Electricity outages are frequent in Venezuela, where the economy is collapsing under hyperinflation, with

But anonymity presents a problem because of its inherent lack of transparency. “I’m concerned about the anonymity issue,” said Lawson Bader, chief executive of DonorsTrust, a donor-advised fund. Knowing who a benefactor is helps build trust, he said, whereas anonymity can hide potential conflicts. For instance, museums are re-examining gifts from the Sackler family, a

Exxon Mobil’s first-quarter profit fell by half to $2.35 billion, its worst quarter since late 2016, as the company spent more on oil production and was hit by lower margins in its refinery business. The results fell short of Wall Street expectations, and the shares fell in afternoon trading Friday. The refinery side of the

 ALEXANDRIA, Va., March 7 (Reuters) – President Donald Trump’s former campaign chairman Paul Manafort was sentenced on Thursday by a U.S. judge to less than four years in prison – far shy of federal sentencing guidelines – for financial crimes uncovered during Special Counsel Robert Mueller’s investigation into Russia’s role in the 2016 election. U.S.

The average student debt in 2017 was about $29,000, according to the Institute for College Access and Success. About a million borrowers default for the first time on their federal student loans each year, a report from the Urban Institute found. The latest steps taken by various states may help their financial literacy “report cards,”

The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product, the broadest measure of economic health, marks an