The rise of ride-sharing apps has been tough for old-school rental car agencies. Who wants to pay for a car and parking when a couple of rides might be cheaper? But this week some rental car companies are getting a boost from partnerships with tech firms. Google’s Waymo announced a deal with Avis Budget Group […]

Activist investor Daniel Loeb announced over the weekend that his hedge fund, Third Point, has taken a $3.5 billion stake in the Swiss food conglomerate Nestle, and he wants some changes at the company. That may sound like a lot of money, but the investment represents just over a 1 percent stake in the company. […]

In yet another branded White House initiative, it’s Energy Week. President Trump will be focused on American “energy dominance,” and touting the boom in U.S. fossil fuels and plans to support and increase energy exports. A ban on exporting U.S. oil and gas was lifted under the Obama administration. Energy companies may appreciate less oversight and more […]

South Carolina’s political elite turned out today to celebrate an expansion of BMW’s facility in the Palmetto State. It’s now BMW’s largest in the world. At the event, Sen. Lindsey Graham had this to say on Twitter: “to those who fear globalization, embrace it b/c it’s not going away…if you want to see the good […]

It was a busy day on Wall Street today, and there was good reason for that. It was the annual reshuffling of the popular trading benchmarks known as the FTSE Russell Indexes. Those indexes track the largest U.S. companies in the U.S. stock market, and they determine what’s in a bunch of securities mutual funds.  […]