Markets

Markets Chemical giant Monsanto ordered to pay cancer damages
Author: 0 Chemical giant Monsanto ordered to pay cancer damages

A Californian jury ruled that Monsanto knew its Roundup and Rangerpro weedkillers contained harmful glyphosates that are risky to the public - and had failed to warn consumers of the health risks it presented. Following an eight-week trial, the jury ordered the agricultural multi-national to pay $250m in punitive damages together with other costs that brought the total figure to nearly $290m.

Markets Trump doubles tariffs on Turkish steel and aluminum, says relations 'not good'
Author: 0 Trump doubles tariffs on Turkish steel and aluminum, says relations 'not good'

USA channel CNN also said the White House "did not offer any explanation as to how US national security is threatened" in the statement made regarding the topic. "This is a national, domestic battle". He railed against "those waging economic war " against Turkey. Erdogan framed Turkey's currency crisis as a "national battle" against economic enemies, namely the USA, saying "if they have their dollar, we have the people, we have Allah".

Markets Why Turkey’s currency is plunging and what it means
Author: 0 Why Turkey’s currency is plunging and what it means

It is a national fight", he said. "This will be my people's response to those who have waged an economic war against us". "Repeated efforts to communicate to the USA administration that none of the stated criteria driving America's tariffs are applicable to Turkey have thus far proven fruitless", he said.

Markets NYC becomes first United States city to impose Uber/Lyft cap
Author: 0 NYC becomes first United States city to impose Uber/Lyft cap

He said he intends to sign the bill. But Uber spokeswoman Alix Anfang said the pause on new vehicle licenses 'will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion'. Six yellow cab drivers have committed suicide since November. New Yorkers who regularly rely on Uber, Lyft and other ride-hailing services to travel around the city's five boroughs may find the apps less convenient in the next year.

Markets China's July exports rise more than expected despite US tariffs
Author: 0 China's July exports rise more than expected despite US tariffs

China's headline numbers are the first readings of the overall trade picture for the world's second-largest economy since United States duties on $34 billion of Chinese imports came into effect on July 6 . Sales to the USA rose by 13.3%, while China's surplus with the States shrank marginally to $28.1bn (£21.7bn) last month from a record $29bn (£22.4bn) in June.

Author: 0 U.S. tariffs on China: Trump administration adds $16 billion

However, President Trump is also engaged in trade disputes with other countries, such as Canada and Mexico, and has imposed separate tariffs on items that include steel and aluminium, washing machines and solar panels. Announcing the new duties, the US Trade Representatives Office: "China directs and unfairly facilitates the systematic investment in, and acquisition of, US companies and assets to generate large-scale technology transfer".

Markets Tesla board evaluating CEO Musk's idea to take company private
Author: 0 Tesla board evaluating CEO Musk's idea to take company private

Tesla's 27% surge this month, fueled by Elon Musk's cryptic tweet Tuesday about taking the company private at $420 per share, has cost short sellers - or those investors betting against Tesla's stock - at least $3 billion since, according to data from financial-analytics firm S3 Partners .

Markets Iran clients tweaking USA sanctions as $90 oil looms
Author: 0 Iran clients tweaking USA sanctions as $90 oil looms

The West Texas Intermediate for September delivery rose 0.16 USA dollar to settle at 69.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 0.90 dollar to 74.65 dollars a barrel on the London ICE Futures Exchange.

Markets Redesigned Snapchat sees users drop by 3 million for quarter
Author: 0 Redesigned Snapchat sees users drop by 3 million for quarter

Critics in the past have anxious about Snap keeping user engagement up, keeping the users coming back and keeping them using the application, which is declining in some areas while growing in others, leading investors to boost the stock up in after hours trading although it has since levelled back to around the closing price.

Markets China Plans Tariffs on $60 Billion of Imports to Counter Trump
Author: 0 China Plans Tariffs on $60 Billion of Imports to Counter Trump

It echoes China's response to the previous round of tariffs last month, when the USA and China imposed tariffs on $ 34 billion worth of each others' goods. Trump's tweets appear to be the latest volley in a budding trade war between the United States and China. It's announced 12 billion dollars of assistance to United States farmers to ease the burden of retaliatory tariffs imposed by other countries.

Markets Years After Going Public, Elon Musk Wants To Take Tesla Private
Author: 0 Years After Going Public, Elon Musk Wants To Take Tesla Private

Starting in November, Tesla faces repayment of $1.7 billion in debt over the next 18 months that is tied to the company's stock price. The company had a market value of US$58 billion as of Monday's close. Despite the fact that publicly-available FEC documents prove his donations to the PAC, Musk tweeted on Saturday that " reports that I am a top donor of the GOP are categorically false".

Markets Ford's buck-a-beer plan likely to cost LCBO revenue
Author: 0 Ford's buck-a-beer plan likely to cost LCBO revenue

The price floor will affect beer that contains an alcohol percentage below 5.6%. It's not clear how many brewers will take the Premier up on his offer. "This is voluntary. We aren't forcing breweries to sell for $1", the source said. "These product placements or ads in the Food and Drink magazine that the LCBO has, these things have monetary value", she said.

Markets Fetus found on board American Airlines plane after flight from Charlotte
Author: 0 Fetus found on board American Airlines plane after flight from Charlotte

The fetus was between three to six months along. A dead fetus was found on a plane from Charlotte Tuesday morning. The fetus was found on board an American Airlines flight Tuesday morning. "We will release determination when the investigation is complete". They instead turned all questions over to the Queens District Attorney's Office which is yet to make a statement .

Markets Elon Musk tweets about going private and shares 'skyrocket'
Author: 0 Elon Musk tweets about going private and shares 'skyrocket'

The company had a market value of $58bn as of Monday's close. Musk owns approximately 20 percent of those outstanding shares, which would lower the price tag a bit, but it would still be pretty hefty. "Plus this is short squeeze rocket fuel after a nice quarter", said analyst Chaim Siegel from Elazar Advisors. The SEC did not immediately respond to a request for comment on Musk's tweet.

Markets Facebook wants banks to share your personal finances
Author: 0 Facebook wants banks to share your personal finances

The primary concern among many banks and individual customers with regards to Facebook's latest attempts at expansion is data privacy . A recent Wall Street Journal story implies incorrectly that we are actively asking financial services companies for financial transaction data - this is not true.

Markets Pepsi's first female CEO is stepping down after 12 years
Author: 0 Pepsi's first female CEO is stepping down after 12 years

The 54-year-old Laguarta was also elected to the company's Board of Directors, effective October 3. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. Prior to that, Laguarta served in leadership positions in the European and sub-Saharan Africa divisions. He has been a critical partner and friend and I am positive that he will take PepsiCo to new and greater heights in the years to come, ' Nooyi tweeted on Monday.

Markets Fiat's claims of copying Jeep design lack merit: Mahindra
Author: 0 Fiat's claims of copying Jeep design lack merit: Mahindra

FCA says that Mahindra manufactures the SUV at a lower price in India, and sells it in the USA market. Jeep's parent company, FCA ( Fiat Chrysler Automobiles ) has filed a Federal Trade Commission complaint against India's leading SUV marker - Mahindra & Mahindra in the United States.

Markets Trump blasts Pelosi, LeBron James before OH campaign rally
Author: 0 Trump blasts Pelosi, LeBron James before OH campaign rally

He also brought on-stage Freedom Caucus member and Ohio Representative Jim Jordan, who praised the president on his leadership and accomplishments, amid cheers from the crowd saying "speaker of the house". The president also blasted Democrats claiming they're pro-crime specifically calling out California Democrat Maxine Waters. With the impasse on Capitol Hill and open resistance in the form of "sanctuary policies" from left-leaning states and localities, Republican governors may play a ...

Markets Oil prices decline amid rising United States inventories
Author: 0 Oil prices decline amid rising United States inventories

Crude inventories at Cushing dropped 1.1 million barrels since Friday, July 27, traders said, citing a report issued by energy information provider Genscape. Oil last month posted the worst loss in two years on concern a trade war between the United States and China could curb economic growth and limit energy demand.

Markets Ryanair proposes third-party mediator for Irish pilots union talks
Author: 0 Ryanair proposes third-party mediator for Irish pilots union talks

Ryanair proposed that a third-party mediator join talks with a trade union representing its Irish pilots who went on strike for a fourth time on Friday before wider stoppages planned around Europe next week. The first strike took place on 12 July, followed by 24 hours strikes on 18 July, 24 July and today (3 Aug). The union said Ryanair's "hostile relations to its employees" have been on show on "several occasions, lately through intimidations and threats to Irish pilots after they ...

Markets Solid July Jobs Report Points to Momentum in Q3
Author: 0 Solid July Jobs Report Points to Momentum in Q3

For July 2018, the unemployment rate for Americans who dropped out of college or who have associate degrees remained steady at 3.2 percent. The economy expanded at a 4.1 per cent annual rate in the April-June quarter, the strongest showing in almost four years.

Markets China refuses U.S. order to reduce oil imports from Iran
Author: 0 China refuses U.S. order to reduce oil imports from Iran

Their arrival means Iran Air has received 13 of the 20 passenger planes it ordered from the French-Italian manufacturer in April 2017. But US President Donald Trump made a decision to reimpose punishing sanctions against Iran, whom he has accused of posing a security threat.

Markets Soaring temperatures across Europe likely to break record
Author: 0 Soaring temperatures across Europe likely to break record

In the last three years, the hottest day on record in the United Kingdom is 35.5C but that could be set to change if the predictions are right. Spain has also issued warnings of extremely high temperatures for its southern areas. Residents and tourists in Portugal and Spain stayed in the shade or flocked to the beach Saturday as southern Europe sweltered in a heat wave that has produced near-record temperatures and threatens to stick around for days to come.

Markets Conor McGregor to Face Nurmagomedov in Main Event at UFC 229
Author: 0 Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

Added to the mix is the tempestuous history between the two which saw McGregor attack a bus carrying fighters including Nurmagomedov to a media event at Barclays Center in Brooklyn ahead of UFC 223. Earlier in the news conference, the UFC also promoted the long-awaited return of Nate Diaz, who memorably split two bouts with McGregor in 2016. He blamed an unspecified lawsuit as a reason he was gone from the UFC for so long.

Markets China appeals for U.S. calm after new tariff threat
Author: 0 China appeals for U.S. calm after new tariff threat

While the tariffs would not be imposed until after a period of public comment, raising the proposed level to 25 per cent could escalate the trade dispute between the world's two biggest economies. Erin Ennis, senior vice president of the US China Business Council, said a 10 per cent tariff on these products is already problematic, but more than doubling that to 25 per cent would be much worse.

Markets Molson Coors bets on pot with cannabis-drink joint venture
Author: 0 Molson Coors bets on pot with cannabis-drink joint venture

The deal is expected to close before September 30, just ahead of the proposed legalization of recreational marijuana in Canada. Alcohol sales have slumped in states with legalized marijuana. Constellation Brands, the beer giant behind Corona, paid $191 million for a 9.9% stake in Canopy Growth, a Canadian marijuana producer, in October of past year.

Markets Race is on for second place after Apple's $1 trillion valuation
Author: 0 Race is on for second place after Apple's $1 trillion valuation

In the second quarter of this year, the company recorded profits that jumped more than 30% to $11.5 billion, besting market expectations despite selling slightly fewer iPhones than analysts projected. " Apple went from hip to has-been in just 19 years", wrote the publication at the time. Apple is the first U.S. company to reach that lofty level.

Markets USA considers increasing planned tariffs on $270b in Chinese imports
Author: 0 USA considers increasing planned tariffs on $270b in Chinese imports

The Finance Ministry on Friday accused the Trump administration of damaging the global economy after it proposed imposing 25 per cent duties on $200 billion of Chinese products in a dispute over Beijing's technology policy. The ministry also said the United States measures violated World Trade Organisation rules and damaged China's interests. Among U.S. products targeted were a wide range of agricultural and energy products such as beef and LNG.

Markets Apple beats tech rivals to the $1 trillion mark
Author: 0 Apple beats tech rivals to the $1 trillion mark

A filing with the SEC yesterday showed Apple had revised its share count at 4,829,926,000 on 20 July, less than the 4,842,917,000 it reported on Tuesday for the end of the June quarter due to share buybacks. There's no fundamental difference between Apple being worth $999 billion and $1.01 trillion. For one thing, the marketing guru behind the success of the Macintosh computer wishes he hadn't turned down an offer from founder Steve Jobs to return to Apple .

Author: 0 Why Trump Will Never Shrink The Trade Deficit

The Trump administration aims to push for changes in China's policies on intellectual property protection, technology transfers and subsidies for high technology industries. The higher tariffs are not a done deal. In fact, China can keep devaluing the Yuan until its capital controls "firewall" finally cracks: recall that this was the trigger that prompted a global bear market (from which the U.S.