Markets

Markets EU Trade
Author: 0 EU Trade "Deal" Is Trump's Most Compelling Fiction Yet

US President Donald Trump's agreement to hold off from on tariffs on EU cars and start fresh negotiations on trade barriers was a "major concession", President of the European Commission , Jean-Claude Juncker, said on Wednesday. "Congrats to @ JunckerEU , @ realDonaldTrump: Breakthrough achieved that can avoid trade war & save millions of jobs!" "Great for global economy", he tweeted late on Wednesday.

Markets Facebook market value plunges $119 billion
Author: 0 Facebook market value plunges $119 billion

It was the company's worst trading day since going public in 2012, and among the biggest one-day losses of market value in USA stock market history. Growth in the number of users who logged in each day fell short, too, up 11 percent year-over-year at 1.47 billion but still less than the 1.49 billion anticipated.

Markets Oil price CRISIS: Energy market on BRINK after Saudi tankers attacked
Author: 0 Oil price CRISIS: Energy market on BRINK after Saudi tankers attacked

Ansarullah said it fired a missile at a Saudi warship off the western coast of Yemen. Saudi Arabia and its allies launched the war in March 2015 in support of Yemen's former Riyadh-friendly government and against the Houthis. oil reserves fell to a three and a half year low, Reuters reported . "It could be a reason for increased naval presence for many countries, mainly the United States and Russian Federation, thus resulting in an escalation of tensions", he said.

Markets Facebook Opens Subsidiary In China After Being Locked Out For Years
Author: 0 Facebook Opens Subsidiary In China After Being Locked Out For Years

However, the office's registration has since been removed from the Chinese government website, suggesting possible complications, the New York Times says . Yet that block has not stopped Facebook securing a licence to open "innovation hub to support Chinese developers, innovators and start-ups". Meanwhile, in an interview to Recode last week, Facebook Chief Executive Officer Mark Zuckerberg gave a coy reply in regard with Facebook's situation in China.

Markets Will $12 billion emergency farm aid offset tariffs? Wisconsin farming industry reacts
Author: 0 Will $12 billion emergency farm aid offset tariffs? Wisconsin farming industry reacts

Trump on Wednesday was to meet European Commission President Jean-Claude Juncker, who has dampened hopes that their talks would resolve the trade dispute. "This will lead to great prosperity in the United States and European Union". The two leaders did not specifically mention vehicle tariffs in their statements, keeping the focus on other industrial products.

Markets U.S. and European Union agree to work towards lower trade barriers
Author: 0 U.S. and European Union agree to work towards lower trade barriers

We were being nice - until now! On Wednesday, before Juncker's meeting with the president, the European Union prepared a list of $20 billion in USA goods that would be subject to duties if Mr. In announcing the farmer assistance program, USDA secretary Sonny Perdue sent a signal that the Trump administration is willing to help US industries hurt in the trade war.

Markets Oil prices fall as oversupply concerns weigh
Author: 0 Oil prices fall as oversupply concerns weigh

In the past, Trump's twitter rants have managed to rattle the confidence of investors, causing an immediate impact on the stock market. An evolving trade conflict between the United States and China has caused oil to retreat from the highs of June and spurred price volatility, which had risen last week to the highest level since February.

Markets Winning Mega Millions ticket worth $522 million sold in California
Author: 0 Winning Mega Millions ticket worth $522 million sold in California

The lucky numbers were 01-02-04-19-29. The jackpot has surged past the $400 million mark for only the seventh time now in the game's 16-year history. Mega Millions is a multi-state lottery game and one of two big jackpot games in the United States. Statistically, you have a one in 259 million chance of winning the Mega Millions jackpot .

Markets NHS preparing to stockpile medicines in case of
Author: 0 NHS preparing to stockpile medicines in case of "No Deal" Brexit

The European Commission published on Thursday (19 July) a 17-page communication to businesses in the EU warning them of the consequences of a "no deal" Brexit if the United Kingdom crashes out of the bloc next March. The main opposition Labour Party responded to the announcement with shadow Brexit minister Jenny Chapman saying May's newly appointed Brexit Secretary Dominic Raab had been sidelined.

Markets Facebook user growth disappoints as scandals linger
Author: 0 Facebook user growth disappoints as scandals linger

Facebook shares slumped 7% in after-hours trading, as the social media giant revealed that its user base and second-quarter revenue grew slower than expected. Facebook said the European privacy rules, called General Data Protection Regulation, or GDPR, did not have a big effect on the quarter's revenue, but also noted that they were only in effect for about a month before the quarter ended.

Markets Trump, Juncker announce deal pulling back from US-EU trade war
Author: 0 Trump, Juncker announce deal pulling back from US-EU trade war

We must continue to expand and open markets, protect the Renewable Fuel Standard and allow Iowa products to be sold across the globe. Northwest Cherry Growers global marketing director Keith Hu this week told Fresh Fruit Portal that the trade war is "definitely impacting" sales from the region to China this season.

Markets Trump pumps up the volume ahead of Juncker visit
Author: 0 Trump pumps up the volume ahead of Juncker visit

Lawmakers from both parties do too and, perhaps more importantly, the USA automakers who would be the ostensible beneficiaries of the tariffs have come out against the idea. Workers assemble Volkswagen Golf cars at the Volkswagen factory on March 8, 2018 in Wolfsburg, Germany. Today there are 966,000, a decline of about a quarter.

Author: 0 Sergio Marchionne, Who Guided Fiat Chrysler's Dramatic Turnaround, Dies

Replaced as CEO of Fiat Chrysler Automobiles (FCA) as well as his Ferrari positions at the weekend, a statement issued by Exor - holding company for the Agnelli family - today announced Marchionne's passing. Marchionne is credited with revamping the company, Italy's premier private enterprise, from top to bottom. He could parry questions from the Italian press in one press conference, and deliver sly put-downs of his rivals in English during the next.

Markets Mega Millions jackpot climbs to $522 million for Tuesday drawing
Author: 0 Mega Millions jackpot climbs to $522 million for Tuesday drawing

Tickets can be purchased at any New York Lottery retailer for $2, seven days a week. Drawings are held every Tuesday and Friday. The ticket matched five numbers, but did not match the yellow Mega Ball. Mega Millions is played in 44 states , plus the District of Columbia and the Virgin Islands. The odds of winning a smaller prize is 1-in-24. That $142 million prize was the third winning jackpot this year.

Markets Trump administration plans $12 billion bailout for United States farmers hurt by tariffs
Author: 0 Trump administration plans $12 billion bailout for United States farmers hurt by tariffs

After Trump announced plans to impose $50 billion in tariffs on Chinese imports, Beijing retaliated with plans to impose tariffs on a range of agricultural products from the U.S. He's already imposed tariffs on US$34b in Chinese imports in a separate dispute over Beijing's high-tech industrial policies. Trump has threatened to place more punitive taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving ...

Author: 0 President Trump planning emergency aid to farmers affected by tariffs

The plan, however, has already magnified objections among some Republicans that the tariffs amount to taxes on American consumers. President Donald Trump on Tuesday bragged about the trade wars he started - even though reports from around the country indicate that these trade wars are poised to hammer American farmers.

Markets South Korea Says It Plans To Reduce Guard Posts On The DMZ
Author: 0 South Korea Says It Plans To Reduce Guard Posts On The DMZ

The satellite images from 20 July showed work had been carried out at the Sohae Satellite Launching Station to dismantle a building used to assemble space-launch vehicles. SEOUL (Reuters) - When North Korean leader Kim Jong Un agreed in June to help return the remains of American troops killed in the 1950-53 Korean War, it was seen as one of the more attainable goals to come out of his summit with U.S.

Markets GOP lawmaker fires back at Trump: 'Tariffs are taxes'
Author: 0 GOP lawmaker fires back at Trump: 'Tariffs are taxes'

The US slapped tariffs on $34 billion of Chinese imports. The aid package is expected to target soybean farmers, dairy farmers, and pork producers, among others. But conservative critics of the White House's approach said on Tuesday that Trump's move to offer rescue funds to farmers suggests the standoff with other countries won't end soon.

Markets Goldfish crackers recalled by Pepperidge Farm due to salmonella fears
Author: 0 Goldfish crackers recalled by Pepperidge Farm due to salmonella fears

Both snack makers said there were no illnesses yet reported as a result of eating their snacks, but they recommend you toss your personal stash nonetheless. Earlier this month, Kellogg Co said it was recalling an estimated 1.3 million cases of its Honey Smacks cereal from more than 30 US states due to the potential for salmonella contamination .

Markets Alphabet shrugs off European Union fine to bring in $3.2 billion Q2 profits
Author: 0 Alphabet shrugs off European Union fine to bring in $3.2 billion Q2 profits

Operating margin rose to 24 percent from 22 percent last quarter, excluding the $5 billion antitrust fine issued last week by the European Commission over Google's anticompetitive licensing of Android software. Company Chief Financial Officer Ruth Porat said the investments were necessary for the company to maintain an edge in machine learning and other future technologies.

Markets China refutes USA allegations of currency manipulation
Author: 0 China refutes USA allegations of currency manipulation

Moreover, Trump said that if China does not back down from its trade policy, Trump is ready to impose a $500 billion on imported Chinese goods, according to his interview on CNBC. A policy debate in China on how best to address slowing growth deepened on Friday, as analysts urged authorities to boost fiscal stimulus amid rising risks to the world's second-biggest economy from a bitter trade conflict with the United States.

Markets Alphabet hits a record high after earnings top expectations
Author: 0 Alphabet hits a record high after earnings top expectations

But it's important to remember that simply paying the fine - if Google loses its appeal - doesn't make the problem go away. Analysts surveyed in advance by Yahoo Finance expected Google's parent company to post earnings of $9.54 per share on revenue of $32.17 billion for the quarter.

Markets Tesla Stock Tumbles After Company Asks Suppliers For Refunds
Author: 0 Tesla Stock Tumbles After Company Asks Suppliers For Refunds

Concern that the memo signalled that money-losing Tesla was scrambling to find cash to fund its current operations and multiple long-term projects sent shares down. Tesla in late June finally hit an important production target for the Model 3, its most accessibly priced electric auto. The WSJ also spoke to a number of suppliers which had not been contacted about such rebates.

Markets Iran Braces for ‘Mother of All Wars’ with US
Author: 0 Iran Braces for ‘Mother of All Wars’ with US

Iranian Foreign Minister Mohammad Javad Zarif warns US President Donald Trump to be cautious after he threatened the Islamic Republic with incredible hardships in a Tweet . Other Iranian agencies carried similar reports. Even before Trump's angry tweets, his administration had already intensified the rhetoric against Iran.

Author: 0 Tesla shares hit by report it is seeking refunds

The memo said the rebates were essential to Tesla's continued operation, according to the Wall Street Journal report , that said the paper had reviewed the memo. However, a spokesperson at the company did confirm that Tesla has been seeking price reductions from suppliers for projects, some of which date back as far as 2016.

Markets Mega Millions soars to $493 million for Tuesday
Author: 0 Mega Millions soars to $493 million for Tuesday

Players will have their first chance to cash in on the multi-million dollar prizes Friday night, July 20, with the Mega Millions drawing. The next drawing takes place at 11 p.m. Friday night's winning numbers were 1, 14, 30, 44 and 62, plus the gold Mega Ball 1. Matching five numbers, but not the final "match" number produces a $1 million payout.

Markets European stocks slide, led by carmakers, as new Trump tariffs loom
Author: 0 European stocks slide, led by carmakers, as new Trump tariffs loom

White House Economic Adviser Larry Kudlow said that Xi did not want to agree to trade with the US. This changed at the beginning of the year when Treasury Secretary Steven Mnuchin suggested that a weaker USA dollar might be helpful, and this afternoon President Trump added his two cents worth, calling out the ECB and People's Bank of China for currency manipulation, saying that the strength of the United States dollar was hurting the U.S.

Markets Ritz cracker products recalled due to potential salmonella
Author: 0 Ritz cracker products recalled due to potential salmonella

The products have expiration dates of January 14, 2019 to April 13, 2019. While not usually life-threatening, the infection can pose serious risks to young children, older adults and people with weak immune systems. "The company is conducting this recall as a precaution, based on the ingredient supplier's recall", the company said. Consumers with questions can contact consumer relations specialists at Mondelez Global LLC Monday through Friday, from 9 A.M.to 6 P.M.

Markets Gold rises on scattered buying by jewellers
Author: 0 Gold rises on scattered buying by jewellers

A slide in metals prices, including copper falling to a year low, also rattled investors. "The dollar is really reacting to this "goldilocks" effect of the economy and a slowly rising interest rate environment". NZ Stats reported that the 1.5% rise in inflation was mainly attributable to higher prices for housing and household utilities, with gains of 0.9% and 3.1% in the quarter and in the year, respectively.

Markets No hurry on North Korea denuclearisation
Author: 0 No hurry on North Korea denuclearisation

However, Pyongyang shouldn't look forward to an easing of sanctions any time soon, as, according to Trump , they will remain in place. North Korea's Gross Domestic Product (GDP) dropped 3.5 percent in 2017, the biggest drop since the 6.5 percent drop in 1997.

Markets In Rare Move for a President, Trump Criticizes Fed
Author: 0 In Rare Move for a President, Trump Criticizes Fed

The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. During the 1960s, President Lyndon Johnson reportedly physically manhandled the then-Fed chairman, William McChesney Martin , for wanting to raise interest rates, which LBJ saw as a threat to his guns-and-butter fiscal spending.

Markets Canada PM shuffles Cabinet, seeks to reduce reliance on US
Author: 0 Canada PM shuffles Cabinet, seeks to reduce reliance on US

Ian Brodie, who served as chief of staff for former prime minister Stephen Harper, said in a tweet that Blair's appointment shows the Liberals are anxious Ontario's Ford government can hurt them over border security and the migrant issues. He loses all that as minister for intergovernmental and northern affairs as well as internal trade. After former immigration minister John McCallum resigned from politics to serve as Canada's ambassador to China, Ng ran and won the seat he had held in ...

Markets Mike Manley replaces Sergio Marchionne as boss of Fiat Chrysler
Author: 0 Mike Manley replaces Sergio Marchionne as boss of Fiat Chrysler

Marchionne was recovering from surgery and that these have worsened significantly in recent hours", the company said in a statement . Marchionne managed to take two ailing companies and return them to profitability. Ferrari's Board will propose to Shareholders, in a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO. In 2015, Marchionne spun off Ferrari; shares of the Italian supercar maker have returned over 150%.