Daimler's stock drops as diesel scandal cuts profit for Mercedes' parent company

Daimler's stock drops as diesel scandal cuts profit for Mercedes' parent company

Shares of German automaker Daimler fell almost 4% in intraday trading Monday after the company cut its earnings guidance, saying the ongoing diesel emissions scandal at Mercedes-Benz is going to cost more than previously thought. The Stuttgart-based …
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Fed's Kaplan says he's on the fence about interest-rate cut

Dallas Fed president says too early to know if trade, worries about global growth will persist and drag down U.S. growth. Author photo. By. GregRobb. Senior economics reporter. Bloomberg News/Landov. Dallas Fed President Robert Kaplan is an influential …
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PA Online Sports Betting Gets Its Second App Today As Parx Launches

This is a developing story and will be updated. Parx Casino in Bensalem enters the PA online sports betting market Monday when its three-day live testing period opens. The Kambi-powered sportsbook began taking bets through its Pennsylvania retail …
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Ford's Argo AI Invests $15 Million For Robocar Research Center At Carnegie Mellon

Argo AI, a Pittsburgh-based artificial intelligence and autonomous vehicle tech company, is investing $15 million to establish a Center for Autonomous Vehicle Research at Carnegie Mellon University to improve self-driving technology. The grant is for five …
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PRECIOUS-Gold rallies to near six-year top on US-Iran dispute

… * SPDR posts biggest daily percentage gain since 2008 * Speculators increase net longs in COMEX gold * Spot gold prices up more than 8% this month (Updates prices) By Diptendu Lahiri June 24 (Reuters) – Gold prices rose more than 1 percent on …
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