Markets


US, China said near deal that could end most US tariffs US, China said near deal that could end most US tariffs
- March 05, 2019

President Trump's tweet the other day that a trade deal with President Xi of China was "very very close" got a thousand times more attention than a small announcement made by MSCI, the world's biggest stock market indices group, on Friday. (more...)
Trump plans to scrap preferential trade status for India Trump plans to scrap preferential trade status for India
- March 05, 2019

While asserting that New Delhi has failed to assure America of "equitable and reasonable" access to its markets, US President Donald Trump has said he intends to end the preferential trade status granted to India and Turkey . "In addition, Turkey has graduated from other developed countries' GSP programs due to its increase in economic development or through reciprocal arrangements", he argued. (more...)
USA and China close to reaching trade deal USA and China close to reaching trade deal
- March 04, 2019

In an eight-month trade war, the United States has imposed punitive tariffs on $250 billion worth of imports from China , while Beijing has hit back with tariffs on $110 billion worth of US goods, including soybeans and other commodities. (more...)
Volvo limits all vehicles to 112mph in bid to eliminate road deaths Volvo limits all vehicles to 112mph in bid to eliminate road deaths
- March 04, 2019

HÃ¥kan Samuelsson, president and chief executive at the vehicle maker said: 'Volvo is a leader in safety: we always have been and we always will be. But what Volvo has done here, in limiting its cars to a speed beyond all speed limits we know of in trying to "completely end serious injuries in fatalities in its cars", is neither fish nor fowl. (more...)
Powerball results for 03/02/19; did anyone win the $356 million jackpot? Powerball results for 03/02/19; did anyone win the $356 million jackpot?
- March 04, 2019

In this jackpot run there were more than 9.2 million winning tickets at all prize levels, including the March 1 jackpot victor and 21 Match 5 winners of $1 million or more. said. The next Powerball drawing will be on Wednesday at 11 p.m. A player wins the jackpot by matching all six winning numbers in a drawing. The ticket is worth about $273 million in annual installments over three decades, or a lump-sum package worth about $162 million. (more...)
Elon Musk to unveil new Tesla vehicle later this month Elon Musk to unveil new Tesla vehicle later this month
- March 04, 2019

American consumers are increasingly shifting from sedans to SUVs, and the Model Y is the next offering in the company's product pipeline. Musk commented in the Q4 2018 earning call that tooling for the Model Y was underway and would be a much easier task than switching from the Model S to the Model X, because the Model Y shares 3/4 of its architecture with the Model 3 . (more...)
Victoria's Secret To Close Another 53 Stores This Year Victoria's Secret To Close Another 53 Stores This Year
- March 04, 2019

Victoria's Secret is an American designer, manufacturer, and marketer of women's lingerie, womenswear, and beauty products. Trina Somera, a spokeswoman for Gap Inc., said the company has not finalized its list of specific store closures yet. (more...)
Aston Martin's Valkyrie officially has 1,160 horsepower Aston Martin's Valkyrie officially has 1,160 horsepower
- March 03, 2019

The Aston Martin Valkyrie , a street-legal race vehicle borne of a partnership between AMR and Red Bull Advanced Technologies, is driven by a hybridized platform co-engineered by Rimac and Integral Powertrain Ltd. Also, the engine and transmission function as stressed members of the vehicle, including acting as mounting points for the rear suspension. This helps keep weight down and provides superb structural rigidity. (more...)
MSCI to quadruple weighting of China shares, Companies & Markets News & Top Stories MSCI to quadruple weighting of China shares, Companies & Markets News & Top Stories
- March 03, 2019

MSCI will increase China's weighting to 3.3 percent from 0.7 percent in three steps between May and November, the indexer said Thursday. "That doesn't mean it will gin up the global economy as the market is hoping for", he added. Geopolitical concerns remain in the background, amid tensions between India and Pakistan and the failure of a summit between Kim Jong Un and Trump to achieve a deal between the USA and North Korea. (more...)
Facebook Working on Its Own Cryptocurrency for WhatsApp Facebook Working on Its Own Cryptocurrency for WhatsApp
- March 03, 2019

The world's largest online messaging platforms are now "hoping to succeed" where digital asset and blockchain-related firms "have failed" by " introducing " cryptocurrencies to "mainstream consumers", according to Nathaniel Popper, the critically acclaimed author of "Digital Gold, A History of Bitcoin ". (more...)
Seat showcases electric plans through El-Born concept Seat showcases electric plans through El-Born concept
- March 03, 2019

It has a 260-mile range and can be recharged in as little as 47 minutes. The production auto will be based on parent Volkswagen Group's MEB electric-car architecture that will also underpin the VW brand's upcoming I.D. Equipped with a 62kWh battery pack, the el-Born has an estimated driving range of 420 kilometres based on the WLTP cycle. "SEAT is at the forefront of this change, and the el-Born concept embodies the technologies and design philosophy that will help us meet the challenges ... (more...)
Trump ridicules 'socialist' Democrats, other foes in rhapsody to conservatives Trump ridicules 'socialist' Democrats, other foes in rhapsody to conservatives
- March 03, 2019

Trump clearly delighted in the passion of the conservative audience, pointing to onlookers and applauding as Lee Greenwood's "God Bless the U.S.A." blared on the speakers. Their efforts increased this week after Mr Trump's former personal lawyer Michael Cohen appeared before two House committees and a Senate committee. (more...)
United States oil stockpiles fall unexpectedly in week United States oil stockpiles fall unexpectedly in week
- March 03, 2019

The data compounded worries that demand is falling globally. A Reuters survey of 36 economists and analysts indicated growing pessimism about prospects for a significant price rally this year, forecasting Brent would average $66.44 in 2019, slightly lower than the January forecast. (more...)
Amazon Is Letting Prime Customers Group Orders to Save Boxes Amazon Is Letting Prime Customers Group Orders to Save Boxes
- March 02, 2019

Bundling shipments together not only means fewer boxes at your doorstep, but a smaller environmental impact when it comes to shipping in general - not to mention a more predictable delivery schedule for both Amazon and the participating Prime member. (more...)
Amazon is launching a new supermarket brand, starting in LA Amazon is launching a new supermarket brand, starting in LA
- March 02, 2019

Sources told The Journal that the company was looking into locations in San Francisco, Seattle, Chicago, Philadelphia and Washington, D.C. However, the WSJ says that the company may also be interested in acquiring other grocery chains to help bolster its position. (more...)
Hyundai, Kia recall over 500000 vehicles as fire risk spreads Hyundai, Kia recall over 500000 vehicles as fire risk spreads
- March 02, 2019

According to officials, the Soul SUVs have high exhaust gas temperatures can damage the catalytic converters. If the catalytic converter is damaged, small particles may enter the engine's combustion chamber and cause abnormal combustion. All owners of the subject vehicles will be notified via first-class mail with instructions to bring their vehicle to the nearest Kia dealership. More than 32,200 2011 to 2012 Kia Sportages were recalled for the same reason earlier this month and more than ... (more...)
Genetically engineered yeast brews up heady mix of natural and unnatural cannabinoids Genetically engineered yeast brews up heady mix of natural and unnatural cannabinoids
- March 02, 2019

According to Keasling, there is "the possibility of new therapies based on novel cannabinoids: the rare ones that are almost impossible to get from the plant, or the unnatural ones, which are impossible to get from the plant". "It worked like gangbusters", said Keasling. Once they had yeast-producing CBGA, they added another enzyme to convert CBGA to THCA and a different enzyme to create a pathway to CBDA. (more...)
Polestar Launches Flagship Vehicle to Compete With Tesla Model 3 Polestar Launches Flagship Vehicle to Compete With Tesla Model 3
- March 02, 2019

Those looking for a fun-to-drive electric auto can opt for the Performance Package which adds Ohlins dampers, Brembo brakes and 20-inch forged alloy wheels for better handling characteristics. Inside, the Polestar 2 becomes one of the first cars in the world to feature an infotainment system developed by Android, according to the car-maker, and brings embedded Google services including Google Assistant , Google Maps, Google Play Store and a natural voice control. (more...)
Walmart Is Getting Rid of Greeters, Disabled Workers Worried Walmart Is Getting Rid of Greeters, Disabled Workers Worried
- March 02, 2019

He hopes to stay on at Walmart and clean bathrooms instead. "For that reason, we are looking into each one on an individual basis with the goal of offering appropriate accommodations that will enable these associates to continue in other roles with their store". (more...)
Lyft files for $100 million IPO Lyft files for $100 million IPO
- March 01, 2019

It's also working with other companies to develop self-driving cars. However, it also lost $911.3 million in 2018, up from a net loss of $682.8 million in 2016 and $688.3 million in 2017. Uber could go public with a $90-billion to $120-billion valuation. Lyft said that as of December it held 39 percent of the US ride-hailing market, up from 22 percent at the end of 2016. (more...)

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