Markets

Markets FDA declares vaping 'epidemic' among teens
Author: 0 FDA declares vaping 'epidemic' among teens

As of September 1, the FDA said it has conducted 978,290 retail inspections, issued 77,180 warning letters to retailers for violating the law, and initiated 18,560 civil money penalty cases in its checks of retail establishments selling tobacco products.

Markets Apple should make its products in United States to avoid tariff hit
Author: 0 Apple should make its products in United States to avoid tariff hit

Earlier speculation was that those tariffs, proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of this week. The U.S.'s ability to continue to dominate telecommunications technology, including the upcoming fifth-generation phone networks, will be hampered by the levy on imports from China.

Markets Tesla Bonds Fall as Chief Accountant Resigns
Author: 0 Tesla Bonds Fall as Chief Accountant Resigns

He added that he still believed in Tesla , that "I have no disagreements with Tesla's leadership or its financial reporting". Gabrielle Toledano , vice president of human resources, announced that she would not be returning after her leave of absence.

Markets Obama: 'Republican Party cozying up to Russian Federation, ex-KGB boss'
Author: 0 Obama: 'Republican Party cozying up to Russian Federation, ex-KGB boss'

Obama said it's not an exaggeration to say the midterm elections are the most important in his lifetime. "He is a symptom, not a cause", Obama told students at the University of IL at Urbana-Champaign. "More often, it's manufactured by the powerful and the privileged who want to keep us divided and keep us angry and keep us cynical because it helps them maintain the status quo and keep their power and keep their privilege".

Markets Oil Climbs as Market Eyes Iran Supply Risks
Author: 0 Oil Climbs as Market Eyes Iran Supply Risks

Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. On Friday, WTI crude oil settled at $69.80 a barrel while ICE Brent crude closed at $77.42. In July, Japan lifted more than 183,000 barrels per day of Iranian oil , raising imports for the third consecutive month year on year.

Markets Ramaphosa: China is not trying to re-colonise Africa
Author: 0 Ramaphosa: China is not trying to re-colonise Africa

He says cooperation between China and Africa has brought about many fruits. "Resources for our cooperation are not to be spent on any vanity projects but in places where they count the most", he said. He added that China values sincerity and trust in pursuit of partnership cooperation and has neither any attachments to the strength in the continent nor seek any gains while cooperating with Africa.

Markets Talks with Canadian officials expected after US-Mexico deal
Author: 0 Talks with Canadian officials expected after US-Mexico deal

The new agreement - pending the required signatures - could also change the proportion of a vehicle that must be made by workers who are paid $16 per hour or more . "If they'd like to negotiate fairly , we'll do that". But critics of the deal suggest it has led to significant job losses within the U.S. market, with companies shifting operations to Mexico due to lower production costs.

Markets Mobile discovers security breach of customer information
Author: 0 Mobile discovers security breach of customer information

If you don't receive a text from T-Mobile by day's end, you're likely in the clear. T-Mobile and MetroPCS customers with questions about the breach can dial 611 from their phones. The Bellevue, Wash. company said its cybersecurity team discovered an "unauthorized access" on August 20 and reported it to law enforcement. T-Mobile began notifying customers of the intrusion this week and encouraged them to contact customer service with any concerns.

Markets Trump threatens to
Author: 0 Trump threatens to "get involved" if Federal Bureau of Investigation doesn’t investigate Hillary Clinton

A chief focus for investigators was Cohen's role in making payments during Trump's campaign to women who claimed they had sex with Trump, and whether campaign finance laws were violated. The Cohen investigation was referred to federal prosecutors in NY by USA special counsel Robert Mueller , who is looking into Russian interference in the 2016 election and possible co-ordination between Trump's Republican campaign and Russian officials.

Markets EUR/USD flirts with 1.1600 ahead of Jackson Hole
Author: 0 EUR/USD flirts with 1.1600 ahead of Jackson Hole

Though he did not directly address the geopolitical turmoil, Powell did say that if strong growth in income and jobs continues, further gradual increases for the federal funds rate will "likely be appropriate". Mester is a voting member of the Fed's policy committee this year. There had been concern that Jerome Powell would lay out an accelerated series of rate hikes despite recent wobbles in emerging market economies.

Markets Alarm over Donald Trump complaints about his pick for US Fed chair
Author: 0 Alarm over Donald Trump complaints about his pick for US Fed chair

Treasury Secretary Steven Mnuchin recently told reporters that he had personally spoken to Trump about the central bank and that the president respects the independence of the Federal Reserve. "Most Fed-watchers are of the view that Powell is emphasising the need for financial stability and with a positive USA economic backdrop is obliged to tighten policy".

Markets Turkish lira rallies as Qatar makes $15 bil. loan pledge
Author: 0 Turkish lira rallies as Qatar makes $15 bil. loan pledge

Brunson, an Evangelical pastor residing in the coastal province of Izmir, is standing trial in Turkey over terrorism charges. The diplomatic spat is also taking a toll on Turkey's currency, the lira . The conflict between North Atlantic Treaty Organisation allies is even more personalized because of U.S. President Donald Trump and Turkish President Recep Tayyip Erdogan, whose uncompromising statements contribute to a sense that the tension will ratchet up before any possibility of a ...

Markets Turkey doubles tariffs on some US imports; lira rallies
Author: 0 Turkey doubles tariffs on some US imports; lira rallies

On Wednesday, Turkey doubled tariffs on some imports from the United States - such as passenger cars, alcohol and tobacco - in what it said was retaliation for "deliberate attacks" on its economy. Tariffs were also increased on cosmetics, rice and coal. The Trump administration has made Brunson's release a priority, accusing Turkey of fabricating charges against him and holding him as a political prisoner.

Markets Firefighter killed battling largest blaze in California history
Author: 0 Firefighter killed battling largest blaze in California history

CAL FIRE officially lists two firefighter deaths in the blaze, though San Francisco ABC station KGO reported a third firefighter, Andrew Brake, was killed in a vehicle accident traveling to the fire. area to Three Valley Gap on the Trans Canada Highway. Another massive blaze, the Carr Fire , has blackened about 207,000 acres and killed eight people in and around Shasta County, north of Sacramento near the OR state line.

Markets Tesla Special Committee to Evaluate Possibility of Taking Company Private
Author: 0 Tesla Special Committee to Evaluate Possibility of Taking Company Private

He later clarified that the funding he referred to was from the Saudi Arabian sovereign wealth fund, which approached Musk with the proposal to de-list the company as early as two years ago, though no formal agreement has been made. Goldman declined to comment on Tuesday. Shares in Tesla, which are still well below highs hit when Musk initially raised the prospect of the transaction last week, inched up 0.7% in trading before the bell.

Markets Turkey steel, aluminum tariff-hike documents to be prepared: White House
Author: 0 Turkey steel, aluminum tariff-hike documents to be prepared: White House

Trump's action on Friday indicates he is willing to use his presidential powers as an economic and diplomatic weapon, even against allies, the Wall Street Journal reported. Noting that Turkey is moving away from North Atlantic Treaty Organisation allies and toward Russian Federation and Iran, Mahaffee said, "The clash of personalities between Trump and Erdogan might be more than enough to split the historic alliance".

Markets SEC Launches Inquiry After Elon Musk Tweets About Taking Tesla Private
Author: 0 SEC Launches Inquiry After Elon Musk Tweets About Taking Tesla Private

Mr Musk said in his tweet on Tuesday that shareholders would be offered $420 (£326) per share, valuing the business at more than $70bn. 'Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term, ' Musk wrote in a letter to employees.

Markets Elon Musk 'Considering' Tesla Buyback at $420 to Take Company Private Again
Author: 0 Elon Musk 'Considering' Tesla Buyback at $420 to Take Company Private Again

Paul Huettner, an associate at a financial advisory firm that specializes in restructuring and bankruptcy, said in a call that announcements like this are normally done after markets close. A Tesla spokesman declined to comment. It's one of the most shorted stocks out there . For current shareholders, Musk said he would institute a provision ensuring that their stock be converted into private shares, adding he would 'ensure their prosperity in any scenario '.

Markets EU regrets US sanctions on Iran, vows to protect European businesses
Author: 0 EU regrets US sanctions on Iran, vows to protect European businesses

On May 8 , President Donald Trump announced that the USA would be pulling out of the Joint Comprehensive Plan of Action (also called the Iran nuclear deal). A senior administration official said the United States is "not particularly concerned" by EU efforts to protect European firms from the re imposition of sanctions.

Markets Harley-Davidson Is Hoping To Save Itself With New Designs
Author: 0 Harley-Davidson Is Hoping To Save Itself With New Designs

Though Royal Enfield does not sell its bikes at the same price point as Harley the buyer profile of both the brands is largely the same. Traditional dealerships will still play an important role, and Harley-Davidson says it will implement a new performance framework to strengthen its dealer network.

Markets A quick look at some current Canada-US trade disputes
Author: 0 A quick look at some current Canada-US trade disputes

As the voice of the region's business community, The New England Council believes it is of critical importance that the US continue to work toward a modernized NAFTA, and that the administration should reconsider the tariffs against our partners in Canada and Mexico.

Markets Tesla asked suppliers for money back to boost profitability
Author: 0 Tesla asked suppliers for money back to boost profitability

Concerns about Tesla's cash situation became top of mind once again on Monday when it was reported that the company had requested retroactive refunds from a handful of suppliers to improve its financial situation. He said it "could be an indication production is ramping". This could be a sign that Musk has to change his mind, Whiston said. The leak comes as Musk continues to unnerve investors, with Tesla shares falling from a year high of $370 in mid June to around $301 on Monday.

Markets Trump Should Focus His Trade War on China
Author: 0 Trump Should Focus His Trade War on China

The United States is now disputing retaliatory tariffs by China, the European Union , Canada, Mexico and Turkey, in response to new USA duties on steel and aluminum. "But I don't like all of this work that goes into doing what we're doing", Trump said, arguing that the Fed's hikes could disrupt economic growth. The Trump administration is threatening to impose fresh tariffs of 10% on another $200bn of Chinese goods, which Beijing has called "totally unacceptable".

Markets Google hit with record 4.3-billion euro fine in EU over Android
Author: 0 Google hit with record 4.3-billion euro fine in EU over Android

The EU's decision would bring the running total of Google fines to 6.7 billion after last year's penalty over shopping-search services. EU Competition Commissioner Margrethe Vestager said Google went against EU rules when it required mobile phone producers to pre-install the Google Search and browser apps as a condition for licensing Google's app store.

Markets Tesla customers could lose thousands in tax credits next year
Author: 0 Tesla customers could lose thousands in tax credits next year

The new vehicle identification registrations come at a time when Tesla is actively pushing its deliveries for the Model 3 . When Nikkei Asian Review reached out to Panasonic , Tesla's battery partner at its Nevada Gigafactory, the company said, "We have not received any specific production requests".

Markets Oil falls towards $77 a barrel due to higher Saudi production
Author: 0 Oil falls towards $77 a barrel due to higher Saudi production

Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged Saudi Arabia to pump more if it wanted Washington to continue protecting it against Iran. In the wake of threats from the United States (US) to reduce its oil revenue to zero, Iran has flouted plans of purchasing goods only from countries that import its oil.

Markets China trade war affects PHL economy
Author: 0 China trade war affects PHL economy

The US ignores the consensus the two sides had reached, and acts capriciously by once again provoking a trade war . USA stocks are mostly higher Wednesday as technology and media companies lead a recovery from the turbulent trading seen the day before.

Markets Sheriff: Slain Kansas deputy identified
Author: 0 Sheriff: Slain Kansas deputy identified

The investigation into the shooting is continuing. Both officers are deputies with the Wyandotte County Sheriff's Office. Terry Zeigler, chief of the KCKPD, told the paper the deputies were transporting the inmate from the jail, which is across the street.

Markets Fed raises interest rates as unemployment nears record lows
Author: 0 Fed raises interest rates as unemployment nears record lows

In its quarterly Summary of Economic Projections, officials projected the Fed's preferred inflation measure will accelerate only slightly, ending this year at 2.1 per cent rather than 1.9 per cent, and holding at that level through 2020. "The Fed deserves tremendous credit for steering the economy to calmer waters, supporting what is likely to be the longest expansion in US history while meeting inflation and employment objectives", said Stephen Gallagher, chief USA economist at Societe ...

Markets Mattis not surprised by Trump halting South Korea drills: Pentagon
Author: 0 Mattis not surprised by Trump halting South Korea drills: Pentagon

Trump and Kim Signed Something in Singapore . Even if agreement was reached on scrapping North Korea's missiles and nuclear weapons, Pyongyang would have to agree to a large number of global weapons inspectors being free to travel throughout the tightly regulated country to ensure compliance, Stoffer cautioned.

Markets Revealed the name for the new model Porsche,
Author: 0 Revealed the name for the new model Porsche,

Loathe it? Let us know what you think of the Taycan name in the comments section below. "Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomizes freedom", says Oliver Blume, chairman of Porsche AG's executive board, in an offhand swat at the Tesla Model S.

Markets Fuel prices rising at fastest rate for 18 years
Author: 0 Fuel prices rising at fastest rate for 18 years

After the one paisa reduction in fuel prices on May 30, which caused much criticism from the Opposition, prices have since fallen continuously. Before the seven consecutive price cuts, petrol and diesel rates were increased continuously for 16 days starting May 14.

Markets Microsoft's purchase of Github reportedly a done deal
Author: 0 Microsoft's purchase of Github reportedly a done deal

Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation. In the interim, GitHub's Chief Business Officer Julio Avalos joined the company's board of directors and took over much of the day-to-day leadership of the company.

Markets Stocks rally at open as Italy clinches deal
Author: 0 Stocks rally at open as Italy clinches deal

It was set for a third week of losses, however, brought on by the risks of a snap election in Italy . The euro has slumped this week to its lowest in 10-months, at around US$1.15, after an attempt by two Italian parties to form a government collapsed, fanning fears of a fresh election that could become a de facto referendum on Italy's membership of the euro zone.

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