Tuesday October 15-th, 2019

Statistics Canada reports merchandise $762-million trade surplus in May Statistics Canada reports merchandise $762-million trade surplus in May

Economists had forecast the surplus to rise to A$5.25 billion. Imports from the US declined half a per cent to $33.3 billion. The trade numbers follow stronger-than-expected employment and GDP figures. Exports of boats and other transportation equi...

Microsoft, HP, Google join Apple to move hardware production out of China Microsoft, HP, Google join Apple to move hardware production out of China

Effects of the continued trade war are already forcing China-based companies who rely heavily on US technology products, to find greener pastures outside of the region such as Foxconn Technology who have moved production efforts to Mexico and the Cze...

Australia trade surplus rockets to record on resurgent iron ore prices Australia trade surplus rockets to record on resurgent iron ore prices

Iron ore prices have had a rough time over the last five years due to weak demand, as China cleaned up its bloated steel sector through consolidation and mass elimination of excess capacity. This shortfall now looks set to last at least two years. ...

Broadcom in advanced talks to buy Symantec Broadcom in advanced talks to buy Symantec

A Broadcom-Symantec deal would be the second major acquisition of a cybersecurity provider by a chip maker, following Intel Corp's purchase of California-based McAfee in 2011. The company, which is being investigated by USA regulators over an account...

Tortilla shortage hits North Alabama Taco Bell locations Tortilla shortage hits North Alabama Taco Bell locations

It's not known how long the shortage will last but on reddit, a user named TacoBellBlake , apparently a former employee who runs a Taco Bell blog called " Living Mas ", posted the situation is the result of switching suppliers. thank God nacho fries...

Krispy Kreme Launches Delivery in 15 States Krispy Kreme Launches Delivery in 15 States

There are 100 participating stores in 15 states , including right here in North and SC. Krispy Kreme, the world famous doughnut known for its silky sugar glaze over ideal rings of fried dough, is rolling out delivery, starting with 20 locations in ...

Milton, W.Va.-based coal company files for Chapter 11 bankruptcy Milton, W.Va.-based coal company files for Chapter 11 bankruptcy

Charles Raleigh, civic chairman of Cumberland in Harlan County, said he got notification from at any rate two Revelation coal diggers that the organization shut down its mines close Cumberland. Office of Surface Mining Reclamation and Enforcement re...

Network Rail weighs bid for part of British Steel Network Rail weighs bid for part of British Steel

Steve Turner, assistant general secretary of the Unite union, called steelmaking a "foundation industry", saying the government could not build the UK's manufacturing sector without British Steel. The British Steel flag. Reuters also reports that I...

Woman Licks Ice Cream Carton in Store, Places It Back on Shelf Woman Licks Ice Cream Carton in Store, Places It Back on Shelf

Social media is raging after a video surfaced of a young woman licking an opened carton of Blue Bell ice cream, replacing the lid and returning it to a store freezer. It is unclear where the video was filmed, but Blue Bell is now investigating th...

Senator Warren asks former FDA chief Gottlieb to resign from Pfizer board Senator Warren asks former FDA chief Gottlieb to resign from Pfizer board

U.S. Senator Elizabeth Warren urged former U.S. Food and Drug Administration Commissioner Scott Gottlieb to immediately step down from Pfizer Inc's ( PFE .N) board, three months after his departure from the health regulator. Democratic 2020 U...

Modest job gains in June hint at slowdown Modest job gains in June hint at slowdown

A job-seeker completes an application at a career job fair in Philadelphia, Pennsylvania, U.S. July 25, 2013. Construction and the goods-producing sectors lost a combined 33,000 jobs. "I think the economy is on the razor's edge, and this number is co...

Ohio’s 10 cent gas tax increase in effect Monday Ohio’s 10 cent gas tax increase in effect Monday

The 6-cent hike had people filling up before it goes into effect. Also, those are the prices for regular gas. If price changes observed at some stations are any indication, the local price of fuel will be in the neighborhood of $3 a gallon as the Jul...

Woolworths to combine alcohol and hospitality businesses ahead of demerger plans Woolworths to combine alcohol and hospitality businesses ahead of demerger plans

Under plans announced today, Woolworths will next year combine its drinks and hospitality businesses into a single de-merged entity, likely to be called Endeavour Group. The move will provide the Group with the opportunity to focus primarily on its...

Asian shares mostly lower after fresh S&P 500 record high Asian shares mostly lower after fresh S&P 500 record high

Stocks had rallied to push the S&P 500 to a record on Monday in the wake of the USA trade truce with China, but stocks finished well off their highs as investors questioned the lack of details in the agreement. Companies are lining up to tell inves...

Huawei founder downplays effect of promised Trump reprieve: FT Huawei founder downplays effect of promised Trump reprieve: FT

But if you look closely at Trump's statement, it isn't really all that clear. "We acknowledge President Trump's comments related to Huawei over the weekend and will wait for guidance from the Department of Commerce but have nothing further to add a...

'I agreed my turn is over': Canopy Growth's Bruce Linton stepping down 'I agreed my turn is over': Canopy Growth's Bruce Linton stepping down

Linton as well as Canopy's president, will temporarily hold the position alone while he assists the board in a search for new leadership. "The board decided today, and I agreed, my turn is over". Canopy Rivers, the venture capital arm of Canopy Growt...

Brookfield and GIC to buy Genesee & Wyoming in $8.4bn deal Brookfield and GIC to buy Genesee & Wyoming in $8.4bn deal

Dimensional Fund Advisors LP increased its position in Genesee & Wyoming by 2.2% in the fourth quarter. A number of other brokerages have also recently weighed in on GWR . Genesee & Wyoming had a net margin of 8.92% and a return on equity of 6.32%...

Android Co-Founder Caught In Sex Ring Saga Android Co-Founder Caught In Sex Ring Saga

The allegations line up with the New York Times exposé from last October , which prompted a Google walkout in November and ultimately led to Sundar Pichai announcing changes to the way such situations are handled in the future. The redacted compla...

Trump taps 2 nominees for Fed Board amid interest rate fight Trump taps 2 nominees for Fed Board amid interest rate fight

Waller earned his PhD in economics from Washington State University and now serves as director of research at the Federal Reserve Bank of St. Louis. Trump says he wants lower rates to better compete with China and has accused Powell, whom he appoin...

Li Keqiang says China will open up financial sector ahead of schedule Li Keqiang says China will open up financial sector ahead of schedule

Addressing the opening ceremony of the Annual Meeting of the New Champions 2019, also known as the Summer Davos Forum, in the city of Dalian , Li said main economic indicators of the period were kept within an appropriate range and met expectations....

UK June services PMI 50.2 vs 51.0 expected UK June services PMI 50.2 vs 51.0 expected

Low interest rates and generous pay hikes have helped boost consumption. The European Union's nomination of IMF chief Christine Lagarde to replace Mario Draghi at the helm of the ECB has reinforced expectations for easier monetary policy going forw...

Fiat Chrysler Automobiles sales up Fiat Chrysler Automobiles sales up

Over all, US auto sales are slowing after a long bull run that has satiated replacement demand. Fiat Chrysler Automobiles (FCA) said Tuesday it sold 206,083 vehicles in the US market in June, up 2 percent from the same month past year, driven by ...

How To Get Amazon Prime Day Deals Without Paying For Prime How To Get Amazon Prime Day Deals Without Paying For Prime

If you're shopping in the UK, Amazon Prime Day officially ends at 23:59 on Tuesday July 16. If you don't already happen to be a member, don't worry. When the three months is up, you'll be put onto the standard Kindle Unlimited tariff at £7.99 a...

Lee Iacocca, auto industry leader, dead at 94 Lee Iacocca, auto industry leader, dead at 94

Iacocca began his career at Ford as a 22-year-old in 1946, and eventually rose to president by 1970. Iacocca was born in Allentown, Pennsylvania after his parents immigrated from Italy. Ford and Chrysler did not immediately respond to HuffPost's...

Tesla stock surges after setting car-delivery record in Q2 Tesla stock surges after setting car-delivery record in Q2

The US$3,750 USA federal tax credit buyers were eligible for was cut by half beginning July 1, and deliveries tailed off the last time the incentive shrank. Tesla did not repeat its prior forecast that it would post a second-quarter loss but return t...

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