Markets


Volkswagen's Audi brand to recall 576921 vehicles in US Volkswagen's Audi brand to recall 576921 vehicles in US
- January 30, 2017

These are the 2.0 TFSI-powered Audi A4 , A5, A5 Cabriolet, Q5, and Allroad. Volkswagen and Audi vehicles are recalled as part of a series of recalls from automakers due to a company called Autoliv, the supplier of the airbags. The problem with these cars comes in the form of potentially defective airbags. Audi modified its production process in July to better protect the canister, according to the recall notice . (more...)
Barack Obama Supports US Protests, Says 'American Values Are at Stake' Barack Obama Supports US Protests, Says 'American Values Are at Stake'
- January 30, 2017

In light of President Trump's recent executive order freezing refugee admission from seven different countries, countries originally identified by the Obama administration as terror hot spots, former President Obama is chiming in. The story reported that the administration at that time began looking at records of 58,000 Iraqis who had resettled in the USA and conducted stronger background checks on Iraqi refugees. (more...)
Former Mexican president having meltdown over Trump's Mexico wall
- January 30, 2017

When he added that he would get Mexico to pay for the wall, the crowds would go berserk. The White House later cast the proposal as just one option to pay for the wall. consumers would be left paying for the effects of the tax in the form of higher prices. Within a few days after Trump became officially president, Israel announced approval to build thousands of new settlement units in the West Bank, a decision which was slammed by the United Nations and several global bodies. (more...)
Benjamin Netanyahu says Donald Trump's Mexico wall plans are a 'great idea' Benjamin Netanyahu says Donald Trump's Mexico wall plans are a 'great idea'
- January 30, 2017

The comments enraged Mexicans, who have previously expressed their opposition to the construction of the barrier, one of Trump's key campaign promises. The 63-year-old Lopez Obrador told his supporters that Pena Nieto should defend Mexicans when the two meet. Trump had tweeted on Thursday that it would be better for the Mexican leader not to come to Washington if Mexico would not pay for the wall. (more...)
Emirates changes pilot, crew rosters on U.S. flights after Trump order
- January 30, 2017

The airline took action after President Trump signed an executive order banning people from seven Muslim-majority nations from entering the U.S. for 90 days. But amid confusion over enforcing the ban, it is unclear if the ban applies to dual nationals - those who hold one passport from a country on the list and another from a non-U.S. (more...)
Attorneys general in 16 U.S. states pledge to fight Trump immigration order
- January 30, 2017

Washington will be the first state to take on the executive order . The New York attorney general used Twitter on Sunday to appeal to travelers detained at New York's JFK airport to contact his office. Oregon Attorney General Ellen Rosenblum said Trump's order "reinstates national origin discrimination, something that President Lyndon B. Johnson long ago rejected as 'harsh injustice.' We will not go back to those days of our American history". (more...)
Oil prices rise on weakening dollar, but plentiful supplies cap gains Oil prices rise on weakening dollar, but plentiful supplies cap gains
- January 30, 2017

Despite oil producer's high compliance with supply cut deal, rising oil output in the U.S.is still setting the alarm bells ringing in the energy market. Rigs targeting crude in the USA rose last week to the most since November 2015, according to Baker Hughes Inc., while American crude output is at the highest since April, government data shows. (more...)
Sony shares plunge on $1 billion movie business writedown Sony shares plunge on $1 billion movie business writedown
- January 30, 2017

The Tokyo-based tech and entertainment giant said Monday that it took the impairment charge against its pictures segment after evaluating the future profitability of the movie business, which has lagged its competitors in recent years as it tried to recover from a massive 2014 cyber attack. (more...)
U.S. immigration system in chaos after travel ban
- January 30, 2017

According to the draft copy of Trump's executive order , the countries whose citizens are barred entirely from entering the United States is based on a bill that Obama signed into law in December 2015. "We've always made our view on immigration issues known publicly and will continue to do so". New York City Mayor de Blasio told CNN he did not know how many travelers were still stuck in JFK, and that authorities received "no guidance" on how the bans would work. (more...)
PM urged to cancel Trump's United Kingdom visit amid travel ban fury
- January 30, 2017

The travel ban affects the countries of Somalia, Lybia, Sudan, Yemen, Iran, Iraq, and Syria. Apparently Boris Johnson has swung in on a chandelier and rescued Olympian Mo Farah from Trump's back-of-the-envelope travel ban. "If you already have an appointment scheduled, please DO NOT ATTEND your appointment as we will not be able to proceed with your visa interview". Sir Mo is originally from Somalia, one of the countries on Donald Trump's list. (more...)
German inflation puts European Central Bank policy back in spotlight
- January 30, 2017

The annual increase in rents increased to 1.6% from 1.5%, although the overall inflation rate for the services sector declined to 1.2% from 1.5% previously, which will dampen expectations of higher underlying inflation. "This will happen for Germany and for other countries". Energy inflation more-than-doubled to 5.8 percent from 2.5 percent. Inflation in Germany rose to just short of the target set by the European Central Bank on price stability, raising pressure further on a ... (more...)
Trump claims $600M in F-35 savings
- January 30, 2017

He specified that the cost-savings would apply to the company's next group of 90 planes but offered few details on how the program or contract would change as a result. "We've got that program really, really now in great shape". 'Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!' Trump tweeted. (more...)
Trump Blames Protesters, Delta, Sen. Charles Schumer for Airport Chaos Trump Blames Protesters, Delta, Sen. Charles Schumer for Airport Chaos
- January 30, 2017

However, Schumer noted several Republican lawmakers have broken ranks and denounced Trump's order. Only 109 people out of 325,000 were detained and held for questioning. Some were traveling to the states to check in on sick parents, while others were reuniting with loved ones after a long hiatus. Trump's order, which he signed Friday, bans entry to the United States by residents of seven Muslim-majority countries - Iraq, Syria, Iran, Libya, Somalia, Sudan, and Yemen -for the next 90 days. (more...)
Global shares fall on uncertainty over USA immigration
- January 30, 2017

But the impact across Asia may be delayed, with China, Hong Kong, Taiwan, South Korea, Singapore and Malaysia shut on Monday for the long Lunar New Year holidays. Gold traded up 0.37 percent at $1,192.80 per ounce. Shares of Toshiba are losing more than 4 percent after the Asahi Shimbun reported that several trust banks are preparing to use the company for damages after its share price fell due to a massive accounting scandal. (more...)
Gas prices continue to get cheaper across Florida, country
- January 30, 2017

Tucson- $2.13/g, down 1.4 cents per gallon from last week's $2.14/g. Increased oil production and reduced demand in the winter continue to push gas prices down. Spartanburg - $1.99/g, down 2.4 cents per gallon from last week's $2.01/g. Average pump prices on Monday in the Charleston-North Charleston area stood at $2.08 a gallon, the most expensive in the state. (more...)
Other view: Trump's wall is a huge waste of money
- January 30, 2017

White House press secretary Sean Spicer announced on January 26 the Trump administration may levy a 20 percent tariff on Mexican imports as a means to pay for a wall between the USA and Mexico. Companies would face the tax if they import products made there into the United States, potentially raising prices for American consumers. "The Presidents also agreed at this point not to speak publicly about this controversial issue", it added. (more...)
Walgreens Just Slashed Its Rite Aid Offer by $2 Billion
- January 30, 2017

According to these analysts, the Low Revenue Estimate for Rite Aid Corporation is 8.25 Billion and the High Revenue Estimate is 8.36 Billion. If Walgreen walked away from the deal, Rite Aid's share price could have fallen below $4 a share, sources said. (more...)
Trump Acts To Roll Back Regulations On Businesses
- January 30, 2017

President Trump said that the order mandates that for every new regulation implemented by federal agencies, two existing regulations must be cut. "The White House has already put a temporary regulatory freeze in place, but the order establishes the process for when the freeze ends", the article states. (more...)
Fitbit May Cut 10% Of Its Workforce To Save Millions Fitbit May Cut 10% Of Its Workforce To Save Millions
- January 30, 2017

Based on preliminary financial info, which will be detailed in full during its earnings call later today, the company expects to report a total revenue for Q4 2016 in the range of $572 to $580 million, compared to the forecasted $725 to $750 million. (more...)
Snapchat IPO Public Filing Expected Next Week
- January 30, 2017

Securities and Exchange Commission under the U.S. Jumpstart Our Business Startups Act. Snap Inc, the parent company of Snapchat, plans to reveal its financials and file for an initial public offering (IPO) within a week, people familiar with the matter have told the media . (more...)

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