Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled he would continue to oppose raising U.S. interest rates until inflation shows signs of rising toward the Fed’s 2-percent goal. “Because inflation is low, I am seeing no reason to tap the brakes on the...
Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a massive data breach became the latest controversy to hurt the ride-service firm’s reputation. Uber Technologies Inc is also continuing talks with Japan’s...
German carmaker BMW (BMWG.DE) will further raise its spending on research and development next year, to 6.5 to 7 percent of sales, its finance chief Nicolas Peter told German daily Handelsblatt. “That is a lot of money, in absolute numbers it’s around 7 billion euros ($8.3 bln),...
Samsung Electronics Co Ltd’s (005930.KS) shares fell more than 4 percent to a one-month low on Monday after Morgan Stanley cut its recommendation on the South Korean tech giant, citing concerns that a boom in memory chips is likely to peak soon. A so-called memory chip...
