Markets


US trade deficit surges in July to highest in 12 years US trade deficit surges in July to highest in 12 years
- September 04, 2020

Imports and exports of goods increased, led by automotives in both categories. In volume terms, imports were up 11.2 percent. The overall increase in the trade deficit came as Canada's trade surplus with the United States increased to $2.9 billion in July compared with $2.7 billion in June. (more...)
USA private sector adds fewer-than-expected jobs in August USA private sector adds fewer-than-expected jobs in August
- September 04, 2020

The goods-producing sector added 40,000 jobs , while the service-providing sector added 389,000. ADP revised up its July job gain to 212,000, but that is still far below the 1.8 million additional jobs that month reported by the federal government. (more...)
Australia Confirms Worst Economic Slump as Coronavirus Pandemic Ends Golden Run Australia Confirms Worst Economic Slump as Coronavirus Pandemic Ends Golden Run
- September 04, 2020

AUSTRALIA tumbled into its first recession in nearly three decades with its pandemic-crippled economy shrinking a record 7 per cent in the second quarter, official data shows. Josh Frydenberg has been speaking to press all morning about his plan to reboot the country's economy, and help Australia recover from the downturn. (more...)
TikTok Sale in Jeopardy as China Rewrites Export Rules TikTok Sale in Jeopardy as China Rewrites Export Rules
- September 04, 2020

Observers said then that the changes in the rules could mean that Chinese Internet giant ByteDance will be required to seek Chinese government approval to sell the U.S. Google said it is no longer interested, while Walmart joined a bid led by Microsoft Corp. Masayoshi Son, the SoftBank founder, has a long history of investing in India and a deep network of local business connections. (more...)
Jeep unveils luxury Grand Wagoneer Concept Jeep unveils luxury Grand Wagoneer Concept
- September 04, 2020

Fiat Chrysler says Jeep will have electric options on each of its models in the next few years. The publication interviewed Jeep president Christian Meunier who said the standard Wagoneer would start at around $60,000 while the range-topping Grand-Wagoneer will reach six figures. (more...)
United Airlines to cut 16,370 workers due to Covid-19 United Airlines to cut 16,370 workers due to Covid-19
- September 04, 2020

The big U.S. carrier, which had previously said as many as 36,000 workers could be terminated, said early retirement and other programs had lessened the need for even deeper cuts , but the "devastating" impact of Covid-19 on airline travel still required layoffs. (more...)
CBO Sees U.S. Federal Debt Exceeding Size of Economy in 2021 CBO Sees U.S. Federal Debt Exceeding Size of Economy in 2021
- September 04, 2020

By the end of 2020, the amount of debt owed by the USA will amount to 98 percent of the nation's Gross Domestic Product, the highest level since the end of World War II, the CBO said . Meadows, in particular, has put the fiscal issue front and center. By another measure, the US passed the mark in the April to June quarter, when government spending surged to combat the new coronavirus and tax revenue plunged. (more...)
Calls to leave Eat Out scheme on the menu Calls to leave Eat Out scheme on the menu
- September 04, 2020

It was supposed to end at the end of August, after throughout the month, discounts were offered on food and soft drinks for people dining-in on Mondays, Tuesdays and Wednesdays. Thousands of restaurants and cafes forced to close during lockdown were thankfully able to continue trading in some way using delivery services such as Deliveroo". (more...)
Dow tumbles 800 points on tech and economy woes Dow tumbles 800 points on tech and economy woes
- September 04, 2020

However, some experts have raised concern about the heavy concentration of gains in just a few stocks as it could make the broader market susceptible to a pullback if those names were ever in trouble. A gauge of the services sector also came in slightly worse than economists were looking for. For the year, tech has rallied more than 30%. Earlier in the day, data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained ... (more...)
August ISM Manufacturing Index comes in hot, rising to 56 August ISM Manufacturing Index comes in hot, rising to 56
- September 03, 2020

The Caixin/Markit manufacturing purchasing managers' index (PMI), published one day after Beijing released its official gauge of factory activity, rose to 53.1 in August from 52.8 in July. Stocks on Wall Street were trading higher. New Orders rose to 67.6 from 61.5 in July, and Production to 63.3 from 62.1. Eight industries reported increased employment while seven said jobs were cut. (more...)
Hyundai Kona Electric SUVs to be supplied to EESL under new contract Hyundai Kona Electric SUVs to be supplied to EESL under new contract
- September 03, 2020

The Hyundai Kona line-up has been updated for 2021 in global markets, ushering in a new look inside and out, mild-hybrid technology and a performance-inspired N Line range-topper. In addition, the distinctive red stitching, metal pedals, and N logo on the gear shift and seats contribute to a sportier look and feel. The Kona retains its range-topping 1.6-litre petrol engine, uprated from 177hp to 198hp and available with two- or four-wheel drive. (more...)
USA government debt to pass 100 per cent of GDP in 2021 USA government debt to pass 100 per cent of GDP in 2021
- September 03, 2020

Only a handful of counties have debts that exceed the size of their economies, including Japan, Italy and Greece. Fueling this rise is a big jump in the government's annual budget deficit, which is projected to widen to $3.3 trillion by the end of this fiscal year, more than tripling since 2019. (more...)
Another 881,000 USA workers file new unemployment claims Another 881,000 USA workers file new unemployment claims
- September 03, 2020

First-time claims for unemployment benefits fell below a million again last week, the Labor Department reported Thursday. Instead of multiplying the unadjusted number by the seasonal factor, which is considered more accurate when the level of a series is generally steady, it has switched to an additive method. (more...)
Next gen Hyundai Tucson teased before September 15 unveil Next gen Hyundai Tucson teased before September 15 unveil
- September 03, 2020

When will the new 2021 Tucson come to Australia? The teasers, and spy shots , show a wild design that features lights embedded in and hidden by the grille, a coupe-like profile with a fast roofline, sharp body lines down the sides that flow into bulging rear fenders, and a rear end with vertical LED taillights and a horizontal light spanning that spans the width of the tail. (more...)
Livestock ship with 42 crew said to have sank in stormy seas Livestock ship with 42 crew said to have sank in stormy seas
- September 03, 2020

The country's coast guard rescued a Filipino seafarer Tuesday night and has dispatched four patrol vessels and three planes as part of the ongoing search, a spokeswoman for the agency said by phone. A New Zealand animal rights group said the incident illustrates why the export of live animals should not be permitted. "These cows should never have been at sea", said the campaigns manager, Marianne Macdonald. (more...)
Australian gov't dismisses former PM's call to lift coronavirus restrictions Australian gov't dismisses former PM's call to lift coronavirus restrictions
- September 03, 2020

Nearly four years after its creation The New European goes from strength to strength across print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and global politics. (more...)
McDonald's Says Its Burgers Do Decompose, Busting Long-Held Myth McDonald's Says Its Burgers Do Decompose, Busting Long-Held Myth
- September 03, 2020

The burger was found and presented in his original video when he came across it inside his old coat pocket, a jacket he had not worn for years. When she opens the shoebox viewers are treated to a wrinkled old McDonald's bag advertising a NASCAR race from 1996. (more...)
Nvidia, Microsoft power gains for S&P 500 Nvidia, Microsoft power gains for S&P 500
- September 03, 2020

New entrants Salesforce and Amgen rose, but Honeywell closed down. All CFDs (stocks, indexes, futures) and Forex costs are not offered by exchanges however rather by market makers, therefore costs might not be precise and might vary from the real market value, indicating costs are a sign and not suitable for trading functions. (more...)
Person Flying Jetpack 3000 Feet in the Air Stuns American Airlines Pilot Person Flying Jetpack 3000 Feet in the Air Stuns American Airlines Pilot
- September 02, 2020

The FAA told The Independent: "Two airline flight crews reported seeing what appeared to be someone in a jet pack as they were on their final approaches to LAX around 6:35pm PDT Sunday. So is it possible they really saw a person in a jetpack flying in airspace usually reserved for commercial airplanes? Back in 2016, the Martin Aircraft Company of New Zealand claimed its jetpack could fly at altitudes of 900 meters (3,000 feet) at speeds of 74 kilometers per hour (46 miles per hour) ... (more...)
Oil Futures End Modestly Higher Ahead Of Inventory Data Oil Futures End Modestly Higher Ahead Of Inventory Data
- September 02, 2020

Futures extended gains slightly in post-settlement trade after trade group the American Petroleum Institute (API) said United States crude stockpiles fell more than expected in the latest week. The Institute for Supply Management (ISM) said its index of national factory activity increased to a reading of 56.0 last month from 54.2 in July. Oil prices rose on Tuesday, reversing overnight losses against the backdrop of an equities bull run and a sliding USA dollar. (more...)

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