Markets

Markets USMCA trade deal impact on Alabama farmers
Author: 0 USMCA trade deal impact on Alabama farmers

The Canadians are downplaying it, but the president's threat to impose 25 percent tariffs on automobile imports clearly moved the needle here. The US president has regularly called it a "disaster" for American workers and manufacturers.

Markets Oil near four-year high as Washington's Iran sanctions loom
Author: 0 Oil near four-year high as Washington's Iran sanctions loom

On Monday, the benchmark Brent crude surged above $83 per barrel. US West Texas Intermediate (WTI) crude futures CLc1 marked $75.90 a barrel around 0630 GMT on Tuesday, their strongest since November 2014. Some analysts believe that over 1 million barrels per day of Iranian crude oil exports would go offline due to the looming sanctions. Latest Reuters survey shows falling Iranian imports weigh on oil production.

Markets Tesco will struggle to jack up pressure on discounters
Author: 0 Tesco will struggle to jack up pressure on discounters

Launch of Jack's supermarket in Chatteris.Dave Lewis. The name honours Jack Cohen, who founded the business which ultimately became Tesco nearly a century ago. Since muscling in on the United Kingdom grocery market five years ago, the incumbents have been powerless to halt the march of Aldi and Lidl as they have gobbled up market share at a dizzying rate.

Markets Amazon raises minimum wage to $15 for U.S. employees
Author: 0 Amazon raises minimum wage to $15 for U.S. employees

Amazon said in a press release Tuesday that more than 250,000 of its half a million workers would benefit from the wage increase, which would take effect in November. The UK's National Living Wage and the National Minimum Wage is now £7.83 an hour. Amazon did not expand on who these critics were, but the company is distancing itself from the suggestion that the salary rise is in response to Sanders' pressure.

Markets General Electric just abruptly ousted CEO John Flannery
Author: 0 General Electric just abruptly ousted CEO John Flannery

Shares of GE were up 9.8% at $12.40. GE also said it will take an impairment charge constituting almost all of the $23 billion of goodwill associated with its power segment, which has struggled with a downturn in the gas-turbine market.

Markets Tesla shares surge after Elon Musk settles with SEC
Author: 0 Tesla shares surge after Elon Musk settles with SEC

SEC has also charged Tesla for failing to have the required disclosure control and procedures over Musk's tweets. The agency backed off from ousting him as chief executive officer. Tesla's stock value ballooned when Musk tweeted about the idea, but then deflated when the plan fizzled out. US securities regulators settled a lawsuit against Musk alleging that he made false and misleading statements about plans to take the company private in August.

Author: 0 Amazon raising minimum wage to $15 an hour for USA workers

The median pay for an Amazon employee previous year was $28,446, according to government filings, which includes full-time, part-time and temporary workers. Workers across the country have pushed for a $15 minimum wage as they have drawn attention to growing income inequality. "We will be working to gain Congressional support for an increase in the federal minimum wage".

Markets Canada, U.S. reach deal to save NAFTA as trilateral trade pact
Author: 0 Canada, U.S. reach deal to save NAFTA as trilateral trade pact

The US and Canada on Sunday sealed the deal on a new trade agreement that, along with an earlier US-Mexico agreement , opens to door to a rewrite of the North American Free Trade Agreement . Mr. Trump had said he wanted to go ahead with a revamped NAFTA - with or without Canada. Eighty-four percent of aluminum produced in Canada, or 2.5 million metric tons, is exported to the US each year, meaning the 10 percent tariff imposed by the Trump administration poses a significant threat to ...

Markets Facebook says 50 million user accounts affected by security breach
Author: 0 Facebook says 50 million user accounts affected by security breach

Facebook Inc. was sued by users of the social network over claims that it negligently allowed hackers to compromise as many as 50 million accounts. "So far they appear to have ticked the right boxes, but the breach is going to put further pressure on Facebook to validate how user privacy is protected".

Markets GE, seeking path forward as a century-old company, ousts CEO
Author: 0 GE, seeking path forward as a century-old company, ousts CEO

The company said it would miss its 2018 profit forecast because of "weaker performance" in its power business. GE Power's current goodwill balance is about $23 billion and the goodwill impairment charge is likely to constitute substantially all of this balance, the company said, though cautioning the charge is not finalized and subject to further review.

Markets Tesla Shares Jump; Elon Musk Says Company Close To Achieving Profit
Author: 0 Tesla Shares Jump; Elon Musk Says Company Close To Achieving Profit

Whoever becomes the new chairperson of Tesla Motors will face the formidable task of reining in Elon Musk , the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally friendly electric cars.

Markets Facebook discloses network breach affecting 50 million user accounts
Author: 0 Facebook discloses network breach affecting 50 million user accounts

Those access tokens are used to keep individual Facebook users logged into their account. The breach allowed users to take over other people's accounts, and directly affected 50 million of those accounts. Get direct access to our top weekly content, contests, and perks. . A vulnerability discovered in Facebook's code allowed hackers to steal access to millions of accounts.

Markets Mexican officials hail new NAFTA
Author: 0 Mexican officials hail new NAFTA

After weeks of hunkering down in Washington , Freeland and David MacNaughton, Canada's ambassador to the USA, had spent the day in Ottawa taking part in an aggressive, long-distance, last-minute push to get Canada into the trilateral free trade deal ahead of a key congressional deadline.

Markets Justin Trudeau says Canadians are tough negotiators
Author: 0 Justin Trudeau says Canadians are tough negotiators

He said , "Yeah, I did". He also indicated having had a telephone conversation on Thursday with the canadian Prime minister, Justin Trudeau , who once told him that "the negotiation was very hard, and that perhaps it would not be possible" to find a compromise.

Markets Where to get java deals and freebies on National Coffee Day
Author: 0 Where to get java deals and freebies on National Coffee Day

Whatever you call it, and however you drink it, coffee is credited with offering benefits ranging from a morning perk up to a longer life . Einstein Bros. 29 is National Coffee Day, and that means a lot of deals and freebies on coffee, of course. Customers purchasing any breakfast sandwich that costs more than $2 can get a free coffee at participating 7-Eleven locations.

Markets Trump admits friendship with China's Xi could be over
Author: 0 Trump admits friendship with China's Xi could be over

Alden says this is also part of China's long-term strategy. Update: They mention that the MFN average tariff will be cut to 7.5% from the current 9.8%. Wang's comments to Kissinger came a day after a meeting with USA business leaders, during which the foreign minister warned the Trump administration's policies could lead to "total destruction" of economic ties with China.

Markets McDonald's burgers: New recipes remove artificial ingredients
Author: 0 McDonald's burgers: New recipes remove artificial ingredients

The global fast-food chain publically committed to switching things up on September 26, aka the restaurant will be working towards no longer using cheese and Big Mac sauce with artificial preservatives in the "coming months". In 2016, McDonald's took out the artificial preservatives from McNuggets and ended the use of high fructose corn syrup in buns. In fact, a third of the chain's sandwiches - including Egg McMuffins and the Filet-O-Fish - still contain artificial ingredients, and there ...

Markets Fed Again Hikes Interest Rates
Author: 0 Fed Again Hikes Interest Rates

But while the Fed influences consumer rates, it doesn't directly control them, Barrington said, noting that you also have to keep into account other factors, like the steady rise in inflation over the past three years. If the central bank waits too long to head off inflation by raising rates, she explains, it could mean having to do more drastic rate hikes down the road.

Markets Jeff Bezos's Space Exploration Project Lands Big Rocket Partnership
Author: 0 Jeff Bezos's Space Exploration Project Lands Big Rocket Partnership

Blue Origin has garnered a major rocket deal that proves Amazon (NASDAQ: AMZN ) CEO Jeff Bezos entrepreneurial capacities go beyond excelling in the e-commerce and artificial intelligence industries. Its first launch is slated for 2020. Earlier in the day, Blue Origin's website declared ULA "has chosen the BE-4 to power its next generation Vulcan launch vehicle".

Markets Fuel Prices Continue Upward Surge, Petrol Breaches Rs 83-mark In Delhi
Author: 0 Fuel Prices Continue Upward Surge, Petrol Breaches Rs 83-mark In Delhi

The rise in prices of petrol and diesel continued on Thursday, a day after state finance minister cited sizeable "revenue loss" for its inability to cut taxes on fuel. So, the fuel stations are getting ready to cope with the situation if the fuel prices reach Rs 100/litre. With the rand and oil contributing nearly equally to the rises‚ petrol is expected to be up by R1.01 per litre and diesel by R1.24.

Author: 0 Here’s why Justin Trudeau says the Americans are finding NAFTA talks ‘tough’

She has been Trudeau's point person during the talks. The remarks by Trump, who repeated a threat to impose tariffs on Canadian autos, knocked the Canadian dollar down to a one-week low against the USA greenback. "And I am convinced that they have the same approach to those (NAFTA) negotiations". However, Trump has repeatedly threatened to terminate that deal on his own.

Markets Following Facebook, Google Will Allow Some Cryptocurrency Ads Again-But With Limits
Author: 0 Following Facebook, Google Will Allow Some Cryptocurrency Ads Again-But With Limits

Specifically, Google said in the update that it would allow regulated cryptocurrency exchanges to purchase ads on its platform once the new policy is effective next month. It wasn't only Google , even Facebook joined in when it banned buying ads with cryptos, and in the midst of all this, a lot of legit companies got stuck with cryptos not knowing what to do with them.

Markets Hacker to live-stream attack on Zuckerberg's Facebook page
Author: 0 Hacker to live-stream attack on Zuckerberg's Facebook page

If he's successful in his latest stunt, this would mark the second time that Zuck's Facebook account has been defaced. As if planning for a video game stream, software bug bounty-hunter Chang Chi-yuan posted a Facebook event reminder on September 27, which mentioned his hacking attempt on September 30 at 6 p.m., Taiwan time, reports Bloomberg .

Markets Brent oil trades near 4-year high, but USA crude retreats
Author: 0 Brent oil trades near 4-year high, but USA crude retreats

According to JP Morgan, a spike of Brent to $90 is likely, the analysts said in a note, as carried by Business Insider. Crude inventories rose by 2.9 million barrels in the week to September 21 to 400 million, compared with analyst expectations for a decrease of 1.3 million barrels, the American Petroleum Institute said.

Markets Elon Musk Is Having a Very Bad Week. So Are Tesla Investors
Author: 0 Elon Musk Is Having a Very Bad Week. So Are Tesla Investors

Tesla plunged as much as 14 percent in early trading Friday after the U.S. Securities and Exchange Commission alleged that Musk committed fraud by tweeting last month that he'd secured funding to take the company private. The SEC alleges that Musk "knew that the potential transaction was uncertain and subject to numerous contingencies", and noted that his tweets about the matter led to "significant market disruption".

Markets China out to meddle in 2018 election
Author: 0 China out to meddle in 2018 election

Beijing says it faces a serious threat from Islamists and separatists in Xinjiang and has rejected accusations of mistreatment. It could also be lots of other people. The notice, published by the China Digital Times, said the Chinese tariffs are meant to split "apart different domestic groups in U.S". The allegations have dogged his presidency and have given rise to an investigation by US special counsel Robert Mueller into potential collusion between Moscow and the Trump campaign, which ...

Markets Facebook hacked, 50 million accounts affected
Author: 0 Facebook hacked, 50 million accounts affected

Attackers exploited vulnerabilities in the code for Facebook's " View As " feature, enabling them to abscond with access tokens (think fancy, security-based cookies) which could then be used to hijack the target account. Facebook CEO Mark Zuckerberg has said they're working with the Federal Bureau of Investigation, following the data security incident. The statement explained that the vulnerability stemmed from a change they made in July 2017, which impacted the View As feature.

Author: 0 Fears for Musk's future sink Tesla shares

It now emerges that Musk set the $420 share price because it referrenced slang for marijuana, which is referred to as "420" in the US. The SEC recommends Musk pay a penalty and seeks to bar him from being the head of a public company . "If the SEC is granted its request to remove Musk, there's a question as to whether they're doing more to harm continuing shareholders or protecting them, at least in the eyes of the market", he wrote in a note to investors.

Markets Corbyn open to second vote on Brexit
Author: 0 Corbyn open to second vote on Brexit

Prime Minister Theresa May signalled on Tuesday that she would prefer a "no-deal" Brexit to the offer now put forward by the European Union, stressing that Britain needs to see counter-proposals from the EU to move Brexit negotiations forward.

Author: 0 Ahead of USA sanctions, India looks beyond Iran for oil imports

EDT (1457 GMT). Benchmark crude, Brent hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to around $80.75 dollars. " OPEC and OPEC nations, are, as usual, ripping off the rest of the world , and I don't like it..." This is due to sanctions given by the United States against Iran, which will be felt during the latter part of the year.

Markets Tesla to Combat Distribution Problems With Its Own Car Carriers
Author: 0 Tesla to Combat Distribution Problems With Its Own Car Carriers

The Justice Department asked Tesla for documents about Musk's announcement, Tesla said, describing it as a "voluntary request". The electric carmaker launched a service called "Tesla Direct", which is a door-to-door direct delivery service in California that was free for customers over the past weekend, and will likely be extended into next week.

Markets Wall Street dips after Federal Reserve raises rates
Author: 0 Wall Street dips after Federal Reserve raises rates

As the Fed also hinted on raising rates again in December, . global market analysts are eyeing the speed of the rate hike. The new projections also included the first numbers for 2021, when officials see rates remaining steady at 3.4 per cent.