Markets
Recovery of US troops’ remains in North Korea complicated by cash, politics
- July 24, 2018
Trump said after the June summit that Kim had pledged to dismantle one of his missile installations, which would be North Korea's most concrete concession to emerge from the Singapore meeting. But the Fake News is saying, without ever asking me (always anonymous sources), that I am angry because it is not going fast enough. Trump said last month after the summit that the North has already started "destroying a major missile engine testing site". (more...)
- July 24, 2018
Trump said after the June summit that Kim had pledged to dismantle one of his missile installations, which would be North Korea's most concrete concession to emerge from the Singapore meeting. But the Fake News is saying, without ever asking me (always anonymous sources), that I am angry because it is not going fast enough. Trump said last month after the summit that the North has already started "destroying a major missile engine testing site". (more...)
President Trump planning emergency aid to farmers affected by tariffs
- July 24, 2018
The president has recently been tough on the European Union , China, Canada and Mexico over trade , accusing each of taking advantage of the USA old trade deals. During a Monday event at the White House featuring American-made goods, Trump displayed a green hat that read, "Make Our Farmers Great Again". The administration has so far downplayed the impact of Trump's ratcheting up of trade tensions on USA producers by emphasizing the long-term benefits of his efforts to even out United ... (more...)
- July 24, 2018
The president has recently been tough on the European Union , China, Canada and Mexico over trade , accusing each of taking advantage of the USA old trade deals. During a Monday event at the White House featuring American-made goods, Trump displayed a green hat that read, "Make Our Farmers Great Again". The administration has so far downplayed the impact of Trump's ratcheting up of trade tensions on USA producers by emphasizing the long-term benefits of his efforts to even out United ... (more...)
Pepperidge Farm Recalls Goldfish Crackers Over Salmonella Fears
- July 24, 2018
Recalled products should be thrown out or returned to the store where they were purchased. In a press release, Pepperidge Farms revealed the four varieties of Goldfish Crackers affected , along with the sell by dates of the units to be recalled. (more...)
- July 24, 2018
Recalled products should be thrown out or returned to the store where they were purchased. In a press release, Pepperidge Farms revealed the four varieties of Goldfish Crackers affected , along with the sell by dates of the units to be recalled. (more...)
Alphabet 2Q earnings: Here’s what to expect
- July 24, 2018
Google lawyers talked to their European Union counterparts about the possibility of a settlement in June 2017, weeks after the company had been fined €2.4 billion for abusing its dominant position to promote its shopping service. It may be his biggest challenge yet. Alphabet is facing regulatory headwinds on both sides of the Atlantic as lawmakers grow increasingly concerned about its dominance of online advertising. (more...)
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- July 24, 2018
Google lawyers talked to their European Union counterparts about the possibility of a settlement in June 2017, weeks after the company had been fined €2.4 billion for abusing its dominant position to promote its shopping service. It may be his biggest challenge yet. Alphabet is facing regulatory headwinds on both sides of the Atlantic as lawmakers grow increasingly concerned about its dominance of online advertising. (more...)
Alphabet Earnings: Beats Estimates, Shares Rise 4%
- July 24, 2018
The European Commission hit Google with a €4.3 billion ($5 billion) fine last week for abusing the dominance of its mobile operating system. It is appealing the ruling. Alphabet, Facebook Inc and other leading application makers have become big forces in advertising as consumers globally, and in turn, advertisers devote increasing attention to smartphone and TV apps instead of newspapers and traditional TV broadcasts. (more...)
- July 24, 2018
The European Commission hit Google with a €4.3 billion ($5 billion) fine last week for abusing the dominance of its mobile operating system. It is appealing the ruling. Alphabet, Facebook Inc and other leading application makers have become big forces in advertising as consumers globally, and in turn, advertisers devote increasing attention to smartphone and TV apps instead of newspapers and traditional TV broadcasts. (more...)
Tesla wants refunds from suppliers to hit profitability
- July 24, 2018
Tesla Inc . asked some suppliers to return a portion of its payments to them in an attempt by the electric-car maker to turn a profit, the Wall Street Journal reported , citing a memo sent to a supplier last week. The company had trouble with its heavily automated assembly line indoors and needed to set up the outside line to boost production. The firm is less focused on one-time reductions for this quarter as it is on reaching a "more sustainable long-term cost basis". (more...)
- July 24, 2018
Tesla Inc . asked some suppliers to return a portion of its payments to them in an attempt by the electric-car maker to turn a profit, the Wall Street Journal reported , citing a memo sent to a supplier last week. The company had trouble with its heavily automated assembly line indoors and needed to set up the outside line to boost production. The firm is less focused on one-time reductions for this quarter as it is on reaching a "more sustainable long-term cost basis". (more...)
Tesla shares sink on reports carmaker is running short on cash
- July 23, 2018
Tesla's rally call was aimed at all suppliers, although in the memo it was not made clear how they were expected to comply with the company's request for refunds. "It would not be correct to apply historical cost savings to current quarter". However, a spokesperson at the company did confirm that Tesla has been seeking price reductions from suppliers for projects, some of which date back as far as 2016. (more...)
- July 23, 2018
Tesla's rally call was aimed at all suppliers, although in the memo it was not made clear how they were expected to comply with the company's request for refunds. "It would not be correct to apply historical cost savings to current quarter". However, a spokesperson at the company did confirm that Tesla has been seeking price reductions from suppliers for projects, some of which date back as far as 2016. (more...)
Mega Millions jackpot now close to $500 million
- July 23, 2018
Friday night's winning numbers were 1, 14, 30, 44 and 62, plus the gold Mega Ball 1. The odds of matching all five numbers and the Mega number are 1 in more than 300 million, but that's not stopping people from trying their luck. The next drawing will take place Tuesday night. The "mega ball" number was one. Mega Millions tickets cost $2 per play or toss in an extra dollar for the multiplier, which can be two times or up to five times the consolation winnings. (more...)
- July 23, 2018
Friday night's winning numbers were 1, 14, 30, 44 and 62, plus the gold Mega Ball 1. The odds of matching all five numbers and the Mega number are 1 in more than 300 million, but that's not stopping people from trying their luck. The next drawing will take place Tuesday night. The "mega ball" number was one. Mega Millions tickets cost $2 per play or toss in an extra dollar for the multiplier, which can be two times or up to five times the consolation winnings. (more...)
Trump accuses China, EU of currency manipulation, slams Fed
- July 23, 2018
In excerpts of the interview released yesterda, y Trump had broken with the long-established executive branch practice of not commenting on the Federal Reserve's decisions out of respect for its independence. The figure is roughly double the value of Chinese products on which Trump has already imposed or threatened to impose tariffs-and almost equal to the total value of goods and services America purchased from China a year ago. (more...)
- July 23, 2018
In excerpts of the interview released yesterda, y Trump had broken with the long-established executive branch practice of not commenting on the Federal Reserve's decisions out of respect for its independence. The figure is roughly double the value of Chinese products on which Trump has already imposed or threatened to impose tariffs-and almost equal to the total value of goods and services America purchased from China a year ago. (more...)
Dollar recovers ¥113 for first time in six months
- July 22, 2018
As a result the US yield curve was the flattest in 11 years and close to inverting. South Korea's Kospi lost 0.3 percent to 2,290.11 as the country's government downgraded its forecasts for job creation and growth. USA stocks rose as earnings season rolled on stateside. ANALYST VIEWPOINT: "Buoyancy in the European session merely carries forward the theme handed down from USA overnight and perpetuated in most of Asia today". (more...)
- July 22, 2018
As a result the US yield curve was the flattest in 11 years and close to inverting. South Korea's Kospi lost 0.3 percent to 2,290.11 as the country's government downgraded its forecasts for job creation and growth. USA stocks rose as earnings season rolled on stateside. ANALYST VIEWPOINT: "Buoyancy in the European session merely carries forward the theme handed down from USA overnight and perpetuated in most of Asia today". (more...)
‘No rush for speed’ in N. Korea’s denuclearization, sanctions still in place
- July 22, 2018
Kim said he discussed the matter with the vice president of the Presidium of North Korea's Supreme People's Assembly, Kim Yong Dae. North Korea's economy has shifted into reverse following the introduction of crippling worldwide sanctions targeting its nuclear weapons program. (more...)
- July 22, 2018
Kim said he discussed the matter with the vice president of the Presidium of North Korea's Supreme People's Assembly, Kim Yong Dae. North Korea's economy has shifted into reverse following the introduction of crippling worldwide sanctions targeting its nuclear weapons program. (more...)
US Dollar Sinks as President Trump Hits Fed on Hikes
- July 22, 2018
The outbursts were another crosswind for Wall Street, which struggled to find direction and finished the day a hair's breadth in negative territory. Trump said higher interest rates left the United States at a disadvantage when compared to the European Union and Japan, where easy money policies persist. (more...)
- July 22, 2018
The outbursts were another crosswind for Wall Street, which struggled to find direction and finished the day a hair's breadth in negative territory. Trump said higher interest rates left the United States at a disadvantage when compared to the European Union and Japan, where easy money policies persist. (more...)
Fiat Chrysler To Replace Ill CEO
- July 22, 2018
Marchionne, an Italian-Canadian, joined Fiat in 2004 and led the Turin-based company's merger with bankrupt USA carmaker Chrysler as well as the spin-off of luxury sports auto maker Ferrari . "I would ask everyone for their understanding in these circumstances and to respect Sergio's privacy and that of those who are dear to him". In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. (more...)
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- July 22, 2018
Marchionne, an Italian-Canadian, joined Fiat in 2004 and led the Turin-based company's merger with bankrupt USA carmaker Chrysler as well as the spin-off of luxury sports auto maker Ferrari . "I would ask everyone for their understanding in these circumstances and to respect Sergio's privacy and that of those who are dear to him". In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. (more...)
Sanitary napkins to be exempt from GST
- July 21, 2018
After a year-long campaign, the GST on sanitary napkins has finally been abolished. Fortified milk has also been fully exempted from GST. ► GST on 17 items used by middle class viz paints, refrigerators, washing machines, vacuum cleaners, storage water heaters, TVs up to 68 cm, mixer grinder, perfumes, cosmetics, shavers, vacuum was reduced from 28 to 18%. (more...)
- July 21, 2018
After a year-long campaign, the GST on sanitary napkins has finally been abolished. Fortified milk has also been fully exempted from GST. ► GST on 17 items used by middle class viz paints, refrigerators, washing machines, vacuum cleaners, storage water heaters, TVs up to 68 cm, mixer grinder, perfumes, cosmetics, shavers, vacuum was reduced from 28 to 18%. (more...)
White House's Kudlow blames China's Xi for blocking US trade deal
- July 21, 2018
Kudlow said there could be a tax reform "2.0 and 3.0 and a 4.0". "If you listened to Larry, you wouldn't want to own a single share of any company that does a ton of business in China because China hasn't given an inch on trade", Cramer said. (more...)
- July 21, 2018
Kudlow said there could be a tax reform "2.0 and 3.0 and a 4.0". "If you listened to Larry, you wouldn't want to own a single share of any company that does a ton of business in China because China hasn't given an inch on trade", Cramer said. (more...)
In Rare Move for a President, Trump Criticizes Fed
- July 21, 2018
The view that China and the euro area are manipulating their currencies contradicts the Treasury's own currency report, which found in April that no major USA trade partner is gaming its exchange rate. Trump also called Powell, who he appointed to succeed Janet Yellen, "a very good man". Powell, perhaps wary of provoking the ire of the president, has also been particularly careful in press conferences and congressional testimony when asked to comment on Trump's tax and trade policies. (more...)
- July 21, 2018
The view that China and the euro area are manipulating their currencies contradicts the Treasury's own currency report, which found in April that no major USA trade partner is gaming its exchange rate. Trump also called Powell, who he appointed to succeed Janet Yellen, "a very good man". Powell, perhaps wary of provoking the ire of the president, has also been particularly careful in press conferences and congressional testimony when asked to comment on Trump's tax and trade policies. (more...)
Trump comments cut the dollar's rally short
- July 20, 2018
In an interview with CNBC television broadcast Friday, Trump threatened to slap all Chinese imported goods with tariffs, risking an escalation in global trade war tactics. In a taped interview with the business channel CNBC, Trump warning, "I'm willing to go to 500", meaning he's prepared ultimately to impose tariffs on $500 billion in Chinese imports - roughly the value of all the goods Beijing shipped to the United States previous year. (more...)
- July 20, 2018
In an interview with CNBC television broadcast Friday, Trump threatened to slap all Chinese imported goods with tariffs, risking an escalation in global trade war tactics. In a taped interview with the business channel CNBC, Trump warning, "I'm willing to go to 500", meaning he's prepared ultimately to impose tariffs on $500 billion in Chinese imports - roughly the value of all the goods Beijing shipped to the United States previous year. (more...)
Microsoft thanks the cloud for a far brighter outlook
- July 20, 2018
These bumper numbers can largely be credited to the seemingly unstoppable growth of the company's cloud biz, which is up 23 per cent compared to past year. Microsoft Corp .'s foray into cloud technologies is paying off after revenue for the fiscal fourth quarter bested the highest of analysts' estimates. (more...)
- July 20, 2018
These bumper numbers can largely be credited to the seemingly unstoppable growth of the company's cloud biz, which is up 23 per cent compared to past year. Microsoft Corp .'s foray into cloud technologies is paying off after revenue for the fiscal fourth quarter bested the highest of analysts' estimates. (more...)
Trump amps up criticism of Fed interest rate rises
- July 20, 2018
Trump has told reporters before that the US could target all of China's imports. After more than six years of record low interest rates that helped the U.S. That episode ultimately triggered runaway inflation that took a decade to tame and required raising the Fed's policy rate above 15 per cent - more than eight times the rate's current average. (more...)
- July 20, 2018
Trump has told reporters before that the US could target all of China's imports. After more than six years of record low interest rates that helped the U.S. That episode ultimately triggered runaway inflation that took a decade to tame and required raising the Fed's policy rate above 15 per cent - more than eight times the rate's current average. (more...)
Oil Prices Rebound As Saudis Expect Reduced Exports In August
- July 20, 2018
Even India and China among other nations have been asked to cease oil imports from Iran as the USA will look to bring Iran under heavy sanctions and isolate the Iranian economy. Sputnik reported that Washington's "comprehensive" package of sanctions against Tehran are expected to kick in this November, but officials say the main target, Iranian crude oil exports , will likely simply be diverted from one group of buyers to another. (more...)
- July 20, 2018
Even India and China among other nations have been asked to cease oil imports from Iran as the USA will look to bring Iran under heavy sanctions and isolate the Iranian economy. Sputnik reported that Washington's "comprehensive" package of sanctions against Tehran are expected to kick in this November, but officials say the main target, Iranian crude oil exports , will likely simply be diverted from one group of buyers to another. (more...)
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Unemployment at lowest for 40 years