Monday, April 2, 2018

Coal power company files for bankruptcy and asks Trump for bailout

The coal and nuclear divisions of Ohio power company FirstEnergy filed for Chapter 11 restructuring over the weekend after months of teetering on the brink of bankruptcy.
CNNMoney Markets Now
 
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News: What you need to know about the markets
 
 
Coal power company files for bankruptcy and asks Trump for bailout
The coal and nuclear divisions of Ohio power company FirstEnergy filed for Chapter 11 restructuring over the weekend after months of teetering on the brink of bankruptcy. Read more »
 
Dow drops 459 points as Amazon tumbles, trade war fears rise
The Nasdaq plunged almost 3%. Read more »
 
Spotify investor predicts the stock will be a smash hit
Mitchell Green, founder of a venture firm already invested in Spotify, thinks the stock will do well despite its unusual direct listing. Read more »
 
Manufacturers are worried about Trump tariffs
Factory executives say they're concerned about Trump's tariffs on steel and aluminum. One cited "panic buying" of raw materials. Read more »
 
China hits the United States with tariffs on $3 billion of exports
China is showing the United States that it will make good on its trade threats, imposing tariffs on 128 American products Monday. Read more »
 
Bahrain announces its biggest oil discovery since 1932
Bahrain has announced the discovery of an offshore field that could "dwarf" current reserves. Read more »
 
 
 
 
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