Markets

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.

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.

Markets International Monetary Fund condemns Trump's tariffs move as trade war escalates: 'Everybody loses'
Author: 0 International Monetary Fund condemns Trump's tariffs move as trade war escalates: 'Everybody loses'

The United States says it will require tariffs on steel and aluminum imports from Europe, Mexico and Canada . The Dow Jones Industrial Average lost 1 percent and the S&P 500 shed around 0.66 percent. Macroeconomic Advisers, a research firm focused on the United States economy, reported Wednesday that the USA trade deficit in goods was "much narrower than expected", implying "substantially more" U.S.

Markets 'I'm Not Aware Of That': Starbucks Employees Receive Racial Bias Training
Author: 0 'I'm Not Aware Of That': Starbucks Employees Receive Racial Bias Training

Within two minutes after entering the store, the manager called 911 and police officers arrested the men for trespassing and walked them out of the store in handcuffs when they refused requests to leave. Nelson asked to use the restroom and was told they were opened only for paying customers , he said. When asked about how the Stroudsburg Starbucks' participation could set an example, Jones said that more restaurants, companies and institutions should take notice and implement their ...

Markets President Trump plans to impose steel, aluminum tariffs on the European Union
Author: 0 President Trump plans to impose steel, aluminum tariffs on the European Union

The Trump administration launched a national security investigation last week into auto and truck imports, using the same 1962 law that he has applied to curb incoming steel and aluminium. U.S. Commerce Secretary Wilbur Ross , a member of the U.S. trade delegation to China, returns to a hotel in Beijing, China May 3, 2018. French Finance Minister Bruno Le Maire had said the tariffs would be "unjustified and dangerous".

Markets Google and Facebook hit by GDPR complaints
Author: 0 Google and Facebook hit by GDPR complaints

Facebook is no exception. The ability for different data protection authorities to cooperate on challenges that affect data controllers that operate in more than one member-state has been touted as a benefit of GDPR, for example. Requests for personal information a company holds on you must be responded to within one month, with some allowances for extensions. The law widens the definition of what will be considered personal data .

Markets US and China reportedly close to undoing ban on ZTE
Author: 0 US and China reportedly close to undoing ban on ZTE

Both sides claimed victory on Monday and pledged to continue talking after last week's round in Washington produced pledges that China would import more American energy and agricultural commodities so as to trim the $335 billion annual US goods and services trade deficit with China, although there were no specifics.

Markets In Speech, Pompeo Piles on Against Iran After Nuclear Deal Withdrawal
Author: 0 In Speech, Pompeo Piles on Against Iran After Nuclear Deal Withdrawal

The Administration did hold out the option of full diplomatic and commercial reconciliation with the Islamic Republic-if it agreed to all twelve demands for "tangible, demonstrated , and sustained shifts" in policies. Pompeo on Monday said the old deal no longer applied. The prospect of Iran acceding to all twelve demands, Sherman added, "is virtually zero". According to deal supporters, Iran has majestically lived up to every promise.

Markets Net Neutrality Gets Thumbs-Up from Senate
Author: 0 Net Neutrality Gets Thumbs-Up from Senate

The 52-47 vote, which saw three Republicans vote against their own side, used the Congressional Review Act - one of the checks and balances specifically created to fix problems caused by government agencies headed up by people who think they cool, but they not .

Markets Morgan Stanley Reiterates
Author: 0 Morgan Stanley Reiterates "Overweight" Rating for Nvidia (NVDA)

NVIDIA Corporation on 1/30/2018 reported its EPS as $0.79 with the analysts projecting the EPS of the stock as $0.66. Fisher Asset Mngmt Ltd Company invested in 0% or 2,451 shares. The stock outperformed the S&P 500 by 96.78%. Therefore 82% are positive. Mizuho maintained NVIDIA Corporation ( NASDAQ : NVDA ) on Monday, January 15 with "Buy" rating.

Markets NEET begins: 1.20 lakh students take medical entrance in Kerala
Author: 0 NEET begins: 1.20 lakh students take medical entrance in Kerala

The AMMK leader said several hundred medical college aspirants from Tamil Nadu have been allotted centres in states like Kerala and even Rajasthan. About 1,20,792 candidates will appear for the test from the state in 226 centres spread across thedistricts of Thiruvananthapuram, Kollam, Kottayam, Alapuzha, Ernakulam, Thrissur, Palakkad, Malappuram, Kozhikode and Kannur.

Markets Gennady Golovkin Uncertain if Canelo Alvarez September Rematch Will Happen
Author: 0 Gennady Golovkin Uncertain if Canelo Alvarez September Rematch Will Happen

It was all of his punches. "That is the hardest puncher I have ever faced". Last September, Golovkin and Alvarez fought to a draw, the first time in 37 pro bouts that Golovkin wasn't declared the victor. "There were names that we went through, and I have to say I can't compliment Vanes and his team enough for had he not signed the contract in two or three days HBO would have said 'this is too late for us to effectively promote and market a fight on HBO, '" Loeffler said.

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