OPEC's unexpected agreement to trim production shows the cartel still has the resolve -- and even desperation -- to try to guide oil prices higher. But don't expect triple-digit crude anytime soon.
When will electric-powered cars become a practical choice for ordinary people? The question hangs in the air at the Paris auto show, where Volkswagen, Mercedes-Benz and General Motors are showing off electric cars they hope are the on-ramp to a profitable future.
Angry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed.
OPEC nations have agreed in theory that they need to reduce their production to help boost global oil prices during a meeting in Algiers, but a major disagreement between regional rivals Saudi Arabia and Iran still may derail any cut. What happened to oil prices and why can't OPEC agree to anything more binding?
The contract for a French-Chinese consortium to build Britain's first nuclear plant in a generation was signed on Thursday at a low-key ceremony, after a string of controversies threatened to scupper the huge deal.
European and Asian stock markets slumped Friday as Deutsche Bank shares plunged on widening concerns over its financial strength, causing ripples of fear across the global financial sector.
Oil prices tumbled in Asia Friday as doubts emerged over the long-term success of a surprise OPEC agreement to cut output and stabilize the oversupplied market.
The dollar rose Friday as Deutsche Bank's woes sparked buying of safer currencies while a U.S. economy upgrade boosted expectations for a rate hike.
Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year.
Secretary of State John Kerry urged Congress on Wednesday to adopt a landmark 12-nation Asia-Pacific trade deal, arguing that rejection would badly damage U.S. credibility and national security.