Archive | Money

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US, China trigger major trade war

Beijing's commerce ministry, in a statement shortly after the USA deadline passed on Friday, said the world's No. 2 economy was forced to ...

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Elon Musk sends help for soccer team stuck in Thailand cave

Elon Musk's companies could help by trying to locate the boys' precise location using Space Exploration Technologies or Boring Company techno...

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Iran tells European Union to implement guarantees before U.S. sanctions return

The Iranian president said there was no action plan or "a clear method in the proposed package for the continuation of cooperation and, similar ...

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Saudi Arabia says ready to boost oil production, taking aim at Iran

This is more than what markets are geared up to balance, at this moment. We are already on the brink of the 80s. Shortly after, the White Ho...

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Oil prices climb on tightening USA market

West Texas Intermediate, the USA benchmark for the price of oil, was up 1.51 percent to $75.06 per barrel, its highest level since November 2014...

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WTO has treated USA very badly; hopes it mends its ways

FART Act, stinks", writes Anthony Scaramucci . "The problems are coming from the behavior of a single country that would like to return to...

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PBOC Governor Yi: Need to keep Yuan stable at reasonable, equilibrium level

And ultimately, unless there's compromise in the trade dispute, the yuan should remain under pressure. The market was caught in the well overs...

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China rejects 'blackmail' on eve of United States tariff hike

Countries are ranked by how integrated they are into the global value chain. Chinese President Xi Jinping's government has issued a list of US...

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United States should throw China out of the WTO: Peter Morici

China's yuan rose sharply against the dollar on Wednesday, a day after the central bank assured markets it would keep the currency stable amid g...

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Austria says to ’protect’ its borders after German migrant deal

Austrian Chancellor Sebastian Kurz and Interior Minister Herbert Kickl attend a news conference in Vienna, Austria July 3, 2018. The challenge...

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And extended to 36 hours

Sales will kick off on July 16th at 12PM PDT/3PM EDT and run through July 17th, this time with sales lasting 36 hours , up from 30 in 2017. ...

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Tesla Model 3: 5000-car week achieved

Tesla produced 1,913 Model S and Model X vehicles, it said in the filing. But the vast majority of those Model 3 vehicles were made in ...

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Cleveland hurting after LeBron chooses L.A., Lakers

Despite reaching the NBA Finals in each of the last four years, Cleveland's odds of winning the title plummeted from 25/1 to 500/1 after LeBro...

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Dude, Dell is going public again

Icahn in recent months has bought much of the tracking stock and is considering pushing Dell for more money to make for less of a discount betwe...

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Trump says Saudi king agrees to ramp up oil production

The Trump administration has been pushing Saudi Arabia and other OPEC members to increase production to offset lost Iranian exports and ...

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Iran vows to foil U.S. bid to block oil exports

Some key countries are reliant on Iranian oil imports, including India and Turkey. Some customers in Asia are already considering acquiescing ...

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Saudi Arabia’s king pledges to raise crude oil output if needed

At a meeting of the Organization of Petroleum Exporting Countries in Vienna, Saudi Arabia-the group's largest producer-joined other members in a...

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Amazon adding contracted vans to delivery network

Believe it or not you can get going for as little as $10K and Amazon is committing $1M for military veterans to help them get started. Those...

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India Rupee touches all time low; ends at 68.79 vs United States dollar

The rupee's last record low was 68.87 per dollar, hit on November 24, 2016. The falling rupee also took a toll on Indian stock markets. Ind...

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So long, Geoffrey: Toys R Us closes its final stores

Things got worse in January when Toys R Us announced it would close 182 stores across the U.S. On March 14, the company confirmed that all store...

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China Defends Record, Seeks to Head Off Looming Trade War

WALL STREET: U.S. stocks finished slightly higher Tuesday, a day after heavy sell-offs. The drop highlights concerns about a trade war with the ...

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Mazda Condemns Trump’s Proposed 25 Percent Import Car Tariff

General Motors Co. warned the Trump administration Friday that tariffs on vehicle imports would hurt its competitiveness, cost U.S.jobs and re...

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Boeing Reveals Hypersonic Concept

Supersonic commercial flying was grounded with the Concorde but aircraft manufacturers have been working on concepts of ultra-fast jets over t...

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Beer Rationing Begins In Europe Due To Carbon Dioxide Shortage

A Wetherspoon spokesman said some pubs would be without John Smith's and Strongbow cider but said that supplier Heineken had advised both wo...

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Harley-Davidson may face credit downgrade because of European Union tariffs

Harley-Davidson announced in January it would close its Kansas City, Missouri assembly plant and consolidate jobs in York, Pennsylvania. Say...

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President Trump continues criticism of Harley Davidson on Twitter

Harley Davidson Motorcycles said it will take a hit of $30 million to $45 million for the rest of 2018. Harley-Davidson Inc. sold nearly 40,0...

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Rouhani says Iran will not give in to pressure from Trump

Iranian President Hassan Rouhani lambasted on Tuesday US President Donald Trump's withdrawal from a deal with Iran on its nuclear program, and s...

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Italy draws red line on readmissions ahead of migration summit

It has fuelled tensions among member states, and anti-migrant parties have won votes by playing to public fears of foreigners. "These rescue s...

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Wisconsin's Harley-loving governor put in bind with Trump

Trump wrote in a series of tweets Tuesday morning. "There are no [trade] talks planned", European Union trade chief Cecilia Malmström sa...

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Turkey's Erdogan wins presidential election

Though his main opponent-Muharrem Ince of the secularist Republican People's Party (CHP)-has yet to officially concede, it appears Erdogan will ...

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Harley shifting production overseas to address European Union tariffs

In addition to four US-based manufacturing facilities, Harley operates plants in Australia, India, Brazil, and Thailand. Ramping up output ...

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Turkish President Recep Tayyip Erdogan wins second term in a landslide victory

Turkey's President Recep Tayyip Erdogan won sweeping new executive powers after his victory in landmark elections on Sunday. Turkey's nation...

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Amazon Prime Day 2018 Kicks Off July 16

The official start and end times have yet to be confirmed by Amazon. Amazon India has rolled out a monthly Prime Subscription Plan for its c...

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Global shares rise, oil prices jump on OPEC news

European carmakers' shares fell sharply after U.S. President Donald Trump threatened to impose a 20-per-cent tariff on all European Union-assemb...

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Trump Threatens Europe with a 20 Percent Tariff on Cars

Trump initially exempted the EU from the metal tariffs, but let the temporary reprieve expire after negotiations with the Europeans fell apart. ...

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