Thursday September 19-th, 2019

Isolated Trump descends on G7, talking trade war Isolated Trump descends on G7, talking trade war

In another piece of brinkmanship, he also confirmed right before departing on the Marine One helicopter that he would retaliate against France's iconic wine exports if President Emmanuel Macron didn't retreat on a new tax that will hit United State...

What's Better than Popeyes AND Chick-fil-a? A Fried Pheasant Sandwich What's Better than Popeyes AND Chick-fil-a? A Fried Pheasant Sandwich

The social media beef started with Chick-fil-A posting an advertisement and Popeyes replying "y'all good?" All this buzz has led to the world's greatest hype amplifier: scarcity. "Many of our restaurants have seen a high demand for the sandwich, ...

Tesla and Walmart address solar panel fire issues Tesla and Walmart address solar panel fire issues

Earlier this week, Walmart launched a lawsuit, asking for the removal of solar panels from more than 240 of its USA stores, and claiming the installations had not been completed to proper standards. The first fire started on March 2018 on the roof ...

Trans Mountain building set to re-start

The "Notice to Proceed" directive gives contractors 30 days to get equipment and supplies in place, hire crews and develop detailed construction plans. Anderson went on to say the company will continue to consult with local First Nations. Last year, ...

Federal Reserve policymakers divided over United States rate cuts Federal Reserve policymakers divided over United States rate cuts

Part of the reason the yield curve inverted is because the US economy remains so much stronger than much of Europe: investors would rather have "safe" US Treasuries, even with their dropping yields, than say, German bonds with a negative yield.

Retaliation: Trump Slaps China With A $250 Billion Tariff Increase Retaliation: Trump Slaps China With A $250 Billion Tariff Increase

China is also reinstituting tariffs on cars and auto parts originating from the United States . China's punitive tariffs of 5 to 10 percent will apply to 5,078 U.S. Trump's comments come after China said it would pursue new tariffs of 5% and 10...

Volkswagen CEO interested in Tesla stake Volkswagen CEO interested in Tesla stake

However, since then, Volkswagen spokesman Pietro Zollino has refuted these claims, calling them "completely unfounded". German business publication Manager Magazin said August 22 that "Diess would go in right away if he could" on an investment ...

Freestone Capital Holdings LLC Reduces Position in Kinder Morgan Inc (NYSE:KMI) Freestone Capital Holdings LLC Reduces Position in Kinder Morgan Inc (NYSE:KMI)

The institutional investor acquired 324,749 shares of the pipeline company's stock, valued at approximately $6,781,000. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company's stock worth $394,000 after acquiring an additional...

China triggers $75 billion tariff hike despite Trump delay China triggers $75 billion tariff hike despite Trump delay

China on Friday announced plans to unleash two swaths of tariffs on American exports, the first to hit on September 1 and the second on December 15 - the same day that the Trump administration has threatened to launch its own duties, which the presid...

Gold touches fresh all-time high of Rs 38770 Gold touches fresh all-time high of Rs 38770

US gold futures gained 0.3% to $1,515.80 an ounce. He further added that the meeting is expected to offer cues on further interest rate cuts that may influence the trend of the yellow metal . But prices are still up almost 17% this year and more t...

U.S. firms 'hereby ordered' to quit China

The additional levies are set to roll out in two tranches. Tariffs of 10 percent and five percent will take effect on two batches of goods on September 1 and December 15, the ministry said in a statement . China will also tag beef and pork from ...

Seth Moulton dropping out of Democratic presidential primary race Seth Moulton dropping out of Democratic presidential primary race

Moulton ran unopposed in the Democratic primary. Elizabeth Warren (D-Mass.), or Sen. He is the third Democrat to end a presidential campaign this month. McChrystal to talk about veterans' issue. But Moulton entered the race late, in a strategic c...

Loans to become cheaper, boost for auto sector: FM’s main announcements Loans to become cheaper, boost for auto sector: FM’s main announcements

Global GDP growth may be revised downwards from the current estimate of 3.2 percent, she said adding that globally the demand was going to be weak. Global trade is volatile due to trade war. The minister also announced additional liquidity support of...

Emission standards: Trump takes aim at automakers that ignored his emissions proposal

The tweet was apparently prompted by a compromise that Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen AG have reached with California's clean-air regulator to bolster the fuel efficiency of autos sold in the US through 2026, defying the Trump...

China announces new round of retaliatory tariffs on USA goods China announces new round of retaliatory tariffs on USA goods

The announcement is the latest in a tit-for-tat series of tariffs and tariff threats that have thrown global supply chains and trade prospects into disarray, dragging not only on US and Chinese economic expansion but broader worldwide growth as wel...

Amazon To Acquire 49% Of Future Coupons Amazon To Acquire 49% Of Future Coupons

If the deal with Amazon has been clocked at a premium then what can possibly explain the stock price reaction? Amazon is going to use this to launch payment products for corporates and institutions. The stock opened 1.6% higher at Rs 420 against the ...

Volkswagen to debut new logo at Frankfurt show Volkswagen to debut new logo at Frankfurt show

According to VW, its new logo will be "bolder and more colorful" and "digitally oriented". New design expected to be simpler, cleaner and modern . Although the first vehicle to go on sale bearing the new logo will be the eighth-generation Golf , ...

Cannabis Canada: This is where Ontario's next 42 pot stores could be Cannabis Canada: This is where Ontario's next 42 pot stores could be

A release from the provincial agency said there were 4,864 eligible expressions of interest included in the lottery draw, overseen by a third-party fairness monitor. Following the second round of licensing, Ontario, the largest Canadian province, cou...

Porsche streamlines the Taycan EV’s infotainment system Porsche streamlines the Taycan EV’s infotainment system

If the optional four-zone automatic climate control system has been specified, an additional 5,9-inch touch control panel with haptic feedback allows the system to be operated from the rear seats, too. There's voice control, which is activated simply...

Overstock CEO Patrick Byrne resigns Overstock CEO Patrick Byrne resigns

In his letter to shareholders, Byrne said "coming forward" about his concerns and involvement "was hardly my first choice". Byrne announced the decision in a news release , stating his involvement in "certain government matters", which he confirme...

Google, Apple and Mozilla to block internet surveillance in Kazakhstan Google, Apple and Mozilla to block internet surveillance in Kazakhstan

This certificate would make it possible for the Kazakh government to read anything typed inside a browser, including passwords. This is not the first attempt by the Kazakhstan government to intercept the internet traffic of everyone in the country....

Eurozone business growth weak Eurozone business growth weak

Economists said the PIM drop is the latest sign Trump's trade war is accelerating the USA economic slowdown and is bringing the US economy closer to a recession. IHS Markit says the slowdown indicates a pessimistic outlook on demand, causing a reduct...

Fed minutes: Officials were divided on rate cut Fed minutes: Officials were divided on rate cut

On Thursday, most euro-area government bonds fell as the European Central Bank expressed concern that investors were losing faith in its ability to revive inflation and after a gauge of German manufacturers reinforced recession concern. The Bloomberg...

Digital microlender Tala raises $110m in new funding Digital microlender Tala raises $110m in new funding

In the overseas, Tala faces competition from the San Francisco-based startup Branch, which in its five years of existence has raised more than USD170 million to date and has tied up with Visa lately. This is up from $300 million in loan to 1.3 mill...

AAA: Gas prices likely to be lowest in years for Labor Day

Crude oil prices are expected to range between $50 and $60 a barrel in the upcoming season, in part because domestic crude inventories are 31.5 million barrels higher than previous year, AAA said. "Drivers in Virginia are paying some of the cheapes...

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