Markets
Crypto Hedge Fund Founder Dan Morehead tells Bitcoin Investors to stop Overreacting
- August 11, 2018
Bitcoin retreated as much as 7% to $6,393.70 at noon in London, extending its 2018 drop to about 55%, according to Bloomberg composite pricing. Bitcoin is proving itself to be more vulnerable than ever, and its reaction to the latest news is particularly overwhelming - so much so, that one can't help but take Tom Lee's recent words with a grain of salt. (more...)
- August 11, 2018
Bitcoin retreated as much as 7% to $6,393.70 at noon in London, extending its 2018 drop to about 55%, according to Bloomberg composite pricing. Bitcoin is proving itself to be more vulnerable than ever, and its reaction to the latest news is particularly overwhelming - so much so, that one can't help but take Tom Lee's recent words with a grain of salt. (more...)
Ryanair pilot strike affects 14,000 passengers on Spanish flights
- August 11, 2018
The impact of the strike was limited with Ryanair apparently able to replace the striking Dutch pilots. The Irish airline, Europe's largest low-priced carrier, averted widespread strikes before Christmas by agreeing to recognise unions for the first time in its 30-year history. (more...)
- August 11, 2018
The impact of the strike was limited with Ryanair apparently able to replace the striking Dutch pilots. The Irish airline, Europe's largest low-priced carrier, averted widespread strikes before Christmas by agreeing to recognise unions for the first time in its 30-year history. (more...)
Trump doubles steel & aluminum tariffs on Turkey
- August 11, 2018
The United States is the biggest destination for Turkish steel exports. On Friday, the euro sagged to a 13-month low against the dollar, down 0.7 per cent to $1.1450, after the Financial Times reported that the European Central Bank was anxious about possible losses at eurozone banks operating in Turkey. (more...)
- August 11, 2018
The United States is the biggest destination for Turkish steel exports. On Friday, the euro sagged to a 13-month low against the dollar, down 0.7 per cent to $1.1450, after the Financial Times reported that the European Central Bank was anxious about possible losses at eurozone banks operating in Turkey. (more...)
Relations with Turkey are not good!
- August 11, 2018
Turkey exported $1.04 billion (€0.91 billion) worth of steel and $60 billion worth of aluminum to the USA in 2017, according to the Hurriyet newspaper. It fell yet further to 6.2 to the dollar at 1254 GMT, almost 12 percent weaker on the day. "Repeated efforts to communicate to the U.S. administration that none of the stated criteria driving America's tariffs are applicable to Turkey have thus far proven fruitless", he said. (more...)
- August 11, 2018
Turkey exported $1.04 billion (€0.91 billion) worth of steel and $60 billion worth of aluminum to the USA in 2017, according to the Hurriyet newspaper. It fell yet further to 6.2 to the dollar at 1254 GMT, almost 12 percent weaker on the day. "Repeated efforts to communicate to the U.S. administration that none of the stated criteria driving America's tariffs are applicable to Turkey have thus far proven fruitless", he said. (more...)
Novichok attack: Russian Federation denounces 'draconian' new United States sanctions
- August 10, 2018
The US State Department said on Wednesday it would impose fresh sanctions by the month's end after determining that Moscow had used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain. (more...)
- August 10, 2018
The US State Department said on Wednesday it would impose fresh sanctions by the month's end after determining that Moscow had used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain. (more...)
Uber and Lyft predicted to lose cap battle
- August 09, 2018
The legislation will also enable the city to set a minimum pay rate for drivers. "The city's 12-month pause on new vehicle licenses will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion", said Uber spokesperson Danielle Filson. (more...)
- August 09, 2018
The legislation will also enable the city to set a minimum pay rate for drivers. "The city's 12-month pause on new vehicle licenses will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion", said Uber spokesperson Danielle Filson. (more...)
China set to respond to new round of US tariffs
- August 09, 2018
The Trump administration has maintained that the tariffs are necessary to force China into changing economic behavior it says harms the US. A US-China trade war will reduce global output by 0.7 per cent by 2020, with China's economy taking a 1.3 per cent hit and US GDP dropping 1 per cent, Oxford Economics said in a research note on Tuesday, before the new list was released. (more...)
- August 09, 2018
The Trump administration has maintained that the tariffs are necessary to force China into changing economic behavior it says harms the US. A US-China trade war will reduce global output by 0.7 per cent by 2020, with China's economy taking a 1.3 per cent hit and US GDP dropping 1 per cent, Oxford Economics said in a research note on Tuesday, before the new list was released. (more...)
Snap Jumps After Earnings Beat, Solid Overall Financials
- August 09, 2018
But it posted otherwise unusually strong numbers - as well as a $250 million investment from a Saudi prince - that sent its stock soaring as much as 13%, before it came crashing down and bouncing all over the place again following renewed concerns around daily user numbers going forward. (more...)
- August 09, 2018
But it posted otherwise unusually strong numbers - as well as a $250 million investment from a Saudi prince - that sent its stock soaring as much as 13%, before it came crashing down and bouncing all over the place again following renewed concerns around daily user numbers going forward. (more...)
Oil holds gain near $69 amid declining USA crude inventories
- August 09, 2018
Saudi Arabia will probably want to ensure that output decisions remain attributed to OPEC or OPEC+ rather than assume sole responsibility or joint accountability with Russian Federation, which is not a member of the Organization of the Petroleum Exporting Countries. (more...)
- August 09, 2018
Saudi Arabia will probably want to ensure that output decisions remain attributed to OPEC or OPEC+ rather than assume sole responsibility or joint accountability with Russian Federation, which is not a member of the Organization of the Petroleum Exporting Countries. (more...)
Tesla shares dip after Elon Musk proposes going private
- August 08, 2018
Investors were not too bothered by this lack of clarity: Tesla's shares jumped 11 per cent. Teresa Goody, a former SEC official, said Musk "did something inappropriate and caused chaos in the market" in a way that would likely draw scrutiny from investigators. (more...)
- August 08, 2018
Investors were not too bothered by this lack of clarity: Tesla's shares jumped 11 per cent. Teresa Goody, a former SEC official, said Musk "did something inappropriate and caused chaos in the market" in a way that would likely draw scrutiny from investigators. (more...)
‘Buck-a-beer’ coming to Ontario in time for Labour Day
- August 08, 2018
Barley Days Brewery General Manager Kyle Baldwin says they hope to be offering a case of 24 beers for $24 soon. Beer Canada, a trade association for breweries, isn't on board with Ford's "buck-a-beer" plan, and says high taxes are to blame. (more...)
- August 08, 2018
Barley Days Brewery General Manager Kyle Baldwin says they hope to be offering a case of 24 beers for $24 soon. Beer Canada, a trade association for breweries, isn't on board with Ford's "buck-a-beer" plan, and says high taxes are to blame. (more...)
Donald Trump says tariffs 'working big time'
- August 08, 2018
President Donald Trump this week ordered officials to consider imposing a 25 per cent tax on US$200 billion worth of imported Chinese goods, up from an initial 10 per cent rate. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald Trump's administration upped the ante in its plans for additional tariffs on Chinese goods worth US$200 billion. (more...)
- August 08, 2018
President Donald Trump this week ordered officials to consider imposing a 25 per cent tax on US$200 billion worth of imported Chinese goods, up from an initial 10 per cent rate. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald Trump's administration upped the ante in its plans for additional tariffs on Chinese goods worth US$200 billion. (more...)
It's the first ever Barack Obama Day in IL
- August 08, 2018
Another tweeted: "Happy #ObamaDay folks!" The economy also grew by 4.1 percent in the second quarter, a high mark that hasn't been hit in five years, though one that was also hit during four quarters in which Obama was president. "It's incredibly proud for IL that the president came from IL". Gov. Bruce Rauner, who signed the bill into law, talked to The Hill about the importance of honoring the former president. (more...)
- August 08, 2018
Another tweeted: "Happy #ObamaDay folks!" The economy also grew by 4.1 percent in the second quarter, a high mark that hasn't been hit in five years, though one that was also hit during four quarters in which Obama was president. "It's incredibly proud for IL that the president came from IL". Gov. Bruce Rauner, who signed the bill into law, talked to The Hill about the importance of honoring the former president. (more...)
Elon Musk’s Tesla Claim Could Land Him in Regulatory Trouble
- August 08, 2018
Though notably, that halt was not put in place until after Musk disclosed on Twitter that he was considering turning the company private. Taking Tesla private would be an extreme albeit effective way of muting Tesla's bears, according to Michael O'Rourke, chief market strategist at JonesTrading. (more...)
- August 08, 2018
Though notably, that halt was not put in place until after Musk disclosed on Twitter that he was considering turning the company private. Taking Tesla private would be an extreme albeit effective way of muting Tesla's bears, according to Michael O'Rourke, chief market strategist at JonesTrading. (more...)
Dead fetus reportedly found on plane at LaGuardia Airport
- August 07, 2018
Fetus was thought to be 5 months along . It was the Airbus A321's only flight of the day. The plane was later pictured being moved to a hanger as law enforcement began investigating the find. The plane was being held at Terminal B while the medical examiner's office spent several hours onboard the aircraft. "Please contact law enforcement for additional information", an American Airlines spokesman said. (more...)
- August 07, 2018
Fetus was thought to be 5 months along . It was the Airbus A321's only flight of the day. The plane was later pictured being moved to a hanger as law enforcement began investigating the find. The plane was being held at Terminal B while the medical examiner's office spent several hours onboard the aircraft. "Please contact law enforcement for additional information", an American Airlines spokesman said. (more...)
Musk Says in Tweet He Is Considering Taking Tesla Private
- August 07, 2018
The company had a market value of US$58 billion as of Monday's close. Musk owns approximately 20 percent of those outstanding shares, which would lower the price tag a bit, but it would still be pretty hefty. Tesla's shares jumped as high as $371.15 in afternoon trading. But it was not clear how seriously to take the post, given Mr Musk's history on the social media service. (more...)
- August 07, 2018
The company had a market value of US$58 billion as of Monday's close. Musk owns approximately 20 percent of those outstanding shares, which would lower the price tag a bit, but it would still be pretty hefty. Tesla's shares jumped as high as $371.15 in afternoon trading. But it was not clear how seriously to take the post, given Mr Musk's history on the social media service. (more...)
Facebook Wants Access to Your Banking Data
- August 07, 2018
Facebook reached out to JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp in the past year about partnering, the Wall Street Journal reported , citing people familiar with the matter. The company's decision comes at a time when it is facing several investigations for its links with political analytics firm Cambridge Analytica . And those on Facebook have become more comfortable using their credit cards in the news feed because of a product that enables people to ... (more...)
- August 07, 2018
Facebook reached out to JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp in the past year about partnering, the Wall Street Journal reported , citing people familiar with the matter. The company's decision comes at a time when it is facing several investigations for its links with political analytics firm Cambridge Analytica . And those on Facebook have become more comfortable using their credit cards in the news feed because of a product that enables people to ... (more...)
NASCAR CEO Brian France charged with DWI in NY, police say
- August 06, 2018
Police then found oxycodone pills on his person. NASCAR was founded by France's grandfather, Bill France Sr., in 1948. In this file photo, CEO and Chairman of NASCAR Brian France speaks at the driver's meeting prior to the NASCAR Sprint Cup Series Ford EcoBoost 400 at Homestead-Miami Speedway, Nov. (more...)
- August 06, 2018
Police then found oxycodone pills on his person. NASCAR was founded by France's grandfather, Bill France Sr., in 1948. In this file photo, CEO and Chairman of NASCAR Brian France speaks at the driver's meeting prior to the NASCAR Sprint Cup Series Ford EcoBoost 400 at Homestead-Miami Speedway, Nov. (more...)
Longtime PepsiCo CEO Indra Nooyi is stepping down
- August 06, 2018
She will be succeeded by PepsiCo President Ramon Laguarta . Indra Nooyi , who was the chief executive officer of PepsiCo Inc for the past 12 years, has decided step down from the position. Previously, Laguarta served as chief executive officer, Europe Sub-Saharan Africa. Earlier this year, Indra Nooyi was named the first independent female director of the International Cricket Council (ICC). (more...)
- August 06, 2018
She will be succeeded by PepsiCo President Ramon Laguarta . Indra Nooyi , who was the chief executive officer of PepsiCo Inc for the past 12 years, has decided step down from the position. Previously, Laguarta served as chief executive officer, Europe Sub-Saharan Africa. Earlier this year, Indra Nooyi was named the first independent female director of the International Cricket Council (ICC). (more...)
Fiat Chrysler seeks to block US sales of Mahindra 'Jeep'
- August 06, 2018
FCA's claim rises from the Roxor's distinctly Jeep-like styling: a curved hood, round headlights, almost vertical bodysides, a flat grille, exterior hood latches, and more. The resilient Mahindra became the first non-domestic auto brand to establish its production base in Detroit since Mazda in 1987 and is planning to triple the work force by 2020 with further investment. (more...)
- August 06, 2018
FCA's claim rises from the Roxor's distinctly Jeep-like styling: a curved hood, round headlights, almost vertical bodysides, a flat grille, exterior hood latches, and more. The resilient Mahindra became the first non-domestic auto brand to establish its production base in Detroit since Mazda in 1987 and is planning to triple the work force by 2020 with further investment. (more...)
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