Markets


Trump declares push for census citizenship question not over, calls reports ‘FAKE’ Trump declares push for census citizenship question not over, calls reports ‘FAKE’
- July 03, 2019

Commerce Secretary Wilbur Ross , who oversees the Census Bureau, claimed that by adding the citizenship question , he was "responding exclusively to the Department of Justice's request" for information to better enforce the Voting Rights Act. (more...)
S&P, Dow on track to hit new closing records S&P, Dow on track to hit new closing records
- July 03, 2019

Cisco Systems climbed 2% Tuesday and Pfizer added 1%. USA crude oil prices slid more than 3% a day after OPEC agreed to extend current production levels for nine months. Small-company stocks fell, sending the Russell 2000 index down 0.6% to 1,560.54. Additional data on the labor market showed the ADP National Employment Report, considered by some to be a precursor to the Labor Department's more comprehensive monthly nonfarm payrolls data due on Friday, showed US private employers added ... (more...)
Tesla Delivers 95,200 Vehicles in Second Quarter, Blowing Past Wall Street Targets Tesla Delivers 95,200 Vehicles in Second Quarter, Blowing Past Wall Street Targets
- July 03, 2019

Tesla CEO Elon Musk has said for the past year that to be profitable the company needs to build at least 5,000 Model 3s per week, a number he raised to 6,000 last August. "These are undeniably strong numbers, but given Tesla's recent history of significant swings in performance from quarter-to-quarter we remain cautious for now", Hargreaves Lansdown analyst Nicholas Hyett said. (more...)
Euro zone June business growth slow as factories still faltering Euro zone June business growth slow as factories still faltering
- July 03, 2019

Survey respondent blamed risk aversion among clients, responding to the continued heightened political and economic uncertainty. Chartered Institute of Procurement and Supply (CIPS) group director Duncan Brock said: "Purchasing activity and new orders dropped like a stone in June as the United Kingdom construction sector experienced its worst month for a decade". (more...)
'I Am Chairman Of Chrysler Corporation Always': 8 facts about Lee Iacocca 'I Am Chairman Of Chrysler Corporation Always': 8 facts about Lee Iacocca
- July 03, 2019

American auto industry tycoon Lee Iacocca - known for helping develop the Ford Mustang, saving Chrysler and raising money to restore the Statue of Liberty - died early Tuesday at his California home. Born in Pennsylvania to Italian immigrant parents, Iacocca worked at the Ford Motor Company in the 1940s, rising in the ranks to eventually become president of the auto company from 1970 to 1978. (more...)
Amazon gets jump on Prime Day
- July 03, 2019

Fortunately, you don't need to pay for Amazon Prime to shop on Prime Day . During the same timeframe, Whole Foods Market will also offer Prime members exclusive weekly deals on select products with discounts of 25%-50% off. To sign up for Amazon Prime , go here. Since then it has become the most renowned global deal that is organized in 18 countries. (The other seven percent is rewatching The Americans without an FX account.) If you're not now a Prime subscriber, Prime Day is ... (more...)
IMF board names American David Lipton as interim leader, replacing Lagarde IMF board names American David Lipton as interim leader, replacing Lagarde
- July 03, 2019

Managing Director Christine Lagarde said Tuesday that she is honored to have been nominated for the presidency of the European Central Bank (ECB), and has made a decision to temporarily step down from the International Monetary Fund leadership during the nomination period. (more...)
New EU law requires electric vehicles to emit noise for pedestrian safety New EU law requires electric vehicles to emit noise for pedestrian safety
- July 03, 2019

In response to concerns that EVs pose a risk to pedestrians at low speed, the new "Regulation on the Sound Level of Motor Vehicles" calls for silent vehicles to emit a sound when travelling at speeds under 12mph, or reversing. Today, and besides the fuel economy, the main advantage of an electric vehicle is its nearly absolute silence, at least at low speed. According to research by Guide Dogs for the Blind, electric cars are about 40% more likely to hit a pedestrian than a petrol or diesel ... (more...)
U.S. Proposes More Tariffs on EU Goods U.S. Proposes More Tariffs on EU Goods
- July 03, 2019

The United States on Monday announced $4 billion in new tariffs on goods from the European Union. The list also includes sausages, hams, pasta, olives and many other cheeses including reggiano , provolone, edam and gouda. Numerous items added to the potential pool of products reflected concerns voiced during two days of hearings in April, including from dairy farmers. (more...)
EU Leaders Break Deadlock, Naming Two Women to Fill Top Spots EU Leaders Break Deadlock, Naming Two Women to Fill Top Spots
- July 03, 2019

As some reporters slumped asleep over their desks, a high-ranking diplomat involved in the deliberations said that former Dutch foreign minister Frans Timmermans was favorite to become the next president of the European Commission, which proposes and enforces EU laws, with policy commissioners who supervise policy on everything from national budgets to migration, from competition issues to health. (more...)
G20: Trump reverses US Huawei block G20: Trump reverses US Huawei block
- July 03, 2019

Huawei's USA suppliers like Intel ( INTC ) and Qualcomm ( QCOM ) have been lobbying Washington to reconsider the ban. The US President cited national security risks in his decision, accusing Huawei that its gear could be used to spy on other countries and companies. (more...)
These Are the 10 Places Americans Will Go for Fourth of July These Are the 10 Places Americans Will Go for Fourth of July
- July 02, 2019

The travel volume, which is a four-percent increase over a year ago, is the highest recorded for any holiday since the auto club began tracking travel n 2000. Meanwhile, midrange accommodations are expected to cost travelers between $153 for AAA Two Diamond and $189 for AAA Three Diamond Rated hotels. Average auto rental rates are 5% higher than previous year, at $69 daily. (more...)
New report sheds more light on Jony Ive's departure New report sheds more light on Jony Ive's departure
- July 02, 2019

Mr. Cook, an industrial engineer who made his name perfecting Apple's supply chain, sought to keep Mr. Ive happy over the years, in part with a pay package that far exceeds that of other top Apple executives, a point of friction with others on the executive team, people familiar with the matter say. (more...)
Japan restricts chip smartphone materials exports to South Korea Japan restricts chip smartphone materials exports to South Korea
- July 02, 2019

The top government spokesman said the export controls system is founded on mutual trust and it is "difficult" to continue with the current arrangements following moves by South Korea to "deny the friendly and cooperative relationship" between Tokyo and Seoul. (more...)
OPEC extends crude output restrictions OPEC extends crude output restrictions
- July 02, 2019

Also speaking late Monday, Saudi Energy Minister Khalid al-Falih said the charter would allow OPEC and non-OPEC countries to establish "a structure for technical meetings, ministry meetings, regular summits" with the OPEC secretariat in Vienna acting as "the main coordinator". (more...)
US stocks rally on US-China trade truce US stocks rally on US-China trade truce
- July 01, 2019

The U.S. offered concessions, including no new tariffs and an easing of restrictions on tech company Huawei , in order to reduce tensions with Beijing that had weighed on stock prices. OPEC and Russian Federation are expected to extend an agreement on production cuts. The blue-chip Swiss Market Index .SSMI also gained 1%, in line with a rally in broader markets, despite the country's stocks being blocked from trading on European Union exchanges after talks to resolve a dispute between ... (more...)
Amazon launches early Prime Day deals Amazon launches early Prime Day deals
- July 01, 2019

Amazon's Kindle Unlimited service now has a brilliant offer on - it's available for free for three months , a saving of £23.97. Amazon said it sold millions of pencils and pens on Prime Day past year. Bookmark This Page - IGN's Amazon Prime Day Hub From now until the end of Amazon Prime Day (or days), we will produce specific deal pages around categories like gaming, TVs, tech , and more, so you can find the deals you want more easily. (more...)
Safaricom CEO Bob Collymore dies aged 61 Safaricom CEO Bob Collymore dies aged 61
- July 01, 2019

In October 2017, Collymore traveled to the United Kingdom to receive treatment and returned in July previous year to resume his duties. "In recent weeks, his condition worsened and he succumbed to cancer at his home in the early hours of Monday", Safaricom chairman Nicholas Ng'ang' a has said in a statement after the CEOs death was announced at the early hours of today. (more...)
Target, eBay announce sales to compete with Amazon's Prime Day Target, eBay announce sales to compete with Amazon's Prime Day
- July 01, 2019

As part of its " Prime Day Concert " on July 10, Amazon will stream a live show at 6 p.m. PT featuring Taylor Swift , along with other stars including Dua Lipa, SZA, and Becky G. I can't wait to headline the Prime Day Party in London and get the celebrations started for Prime Day 2019 in the UK. Asking Alexa to play the Prime Day Concert playlist now will turn up selections from the featured artists, and once the show is on, the assistant can tune straight to the video for you. (more...)
OPEC oil market discussions overshadowed by concerns over US-Iran tensions OPEC oil market discussions overshadowed by concerns over US-Iran tensions
- July 01, 2019

The United States, the world's largest oil producer ahead of Russian Federation and Saudi Arabia, is not participating in the pact. Extending the OPEC+ deal to cut output by 1.2 mbd as well as reducing production by up to 1,800,000 barrels per day are the likely scenarios to be discussed during tomorrow's summit. (more...)