Money
Why Tech Stocks Are Tanking
- June 26, 2018
ET the Dow Jones Industrial Average was down 255.62 points, or 1.04 percent, at 24,325.27, the S&P 500 was down 24.51 points, or 0.89 percent, at 2,730.37 and the Nasdaq Composite was down 98.58 points, or 1.28 percent, at 7,594.23. "The catalyst for weakness is overnight reports pointing to White House plans to tighten restrictions on Chinese investments in the USA and limiting tech exports to China". (more...)
- June 26, 2018
ET the Dow Jones Industrial Average was down 255.62 points, or 1.04 percent, at 24,325.27, the S&P 500 was down 24.51 points, or 0.89 percent, at 2,730.37 and the Nasdaq Composite was down 98.58 points, or 1.28 percent, at 7,594.23. "The catalyst for weakness is overnight reports pointing to White House plans to tighten restrictions on Chinese investments in the USA and limiting tech exports to China". (more...)
BMW would close United Kingdom plants if Brexit hurts supply chain: FT
- June 26, 2018
BMW said it is not considering moving production out of Britain because of Brexit, although the carmaker has cut its dependence on its Oxford vehicle plant by quietly expanding a new Dutch assembly site for its Mini brand. BMW (BMWG.DE) is not considering moving production out of Britain because of uncertainty connected to Brexit, the company's special representative in Britain said on Tuesday. (more...)
- June 26, 2018
BMW said it is not considering moving production out of Britain because of Brexit, although the carmaker has cut its dependence on its Oxford vehicle plant by quietly expanding a new Dutch assembly site for its Mini brand. BMW (BMWG.DE) is not considering moving production out of Britain because of uncertainty connected to Brexit, the company's special representative in Britain said on Tuesday. (more...)
Donald Trump threatens 20% tariff on European Union cars
- June 26, 2018
Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump's proposal to slap tariffs on imported cars takes effect. During his presidential campaign, Trump promised to apply tariffs because he said countries around the world had been exploiting the U.S. The note said: "A 25 percent tariff on imported vehicles and parts would be negative for almost every segment of the auto industry - carmakers, parts suppliers, car dealers, and transportation ... (more...)
- June 26, 2018
Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump's proposal to slap tariffs on imported cars takes effect. During his presidential campaign, Trump promised to apply tariffs because he said countries around the world had been exploiting the U.S. The note said: "A 25 percent tariff on imported vehicles and parts would be negative for almost every segment of the auto industry - carmakers, parts suppliers, car dealers, and transportation ... (more...)
Trump planning new curbs on Chinese investment in the US
- June 26, 2018
Derek Scissors, a China scholar at the American Enterprise Institute who consults regularly with the administration, said that he believes Mnuchin would prefer to apply the text of a bill working its way through Congress to strengthen national security reviews of US acquisitions to investments by China. (more...)
- June 26, 2018
Derek Scissors, a China scholar at the American Enterprise Institute who consults regularly with the administration, said that he believes Mnuchin would prefer to apply the text of a bill working its way through Congress to strengthen national security reviews of US acquisitions to investments by China. (more...)
Turkey elections: was Recep Tayyip Erdogan’s victory fair?
- June 26, 2018
Overseas money managers, wary of Turkish assets for months, reckon Sunday's clear win for Tayyip Erdogan will tempt foreign investment back only when he clarifies election pledges to take a tighter personal grip on economic and monetary policy. (more...)
- June 26, 2018
Overseas money managers, wary of Turkish assets for months, reckon Sunday's clear win for Tayyip Erdogan will tempt foreign investment back only when he clarifies election pledges to take a tighter personal grip on economic and monetary policy. (more...)
Harley-Davidson will move some production out of USA after retaliatory tariffs
- June 26, 2018
Harley-Davidson will not raise its prices to avert "an immediate and lasting detrimental impact" on sales in Europe, it said. The United States earlier this month imposed tariffs on steel and aluminum imports from the European Union, provoking a " tit-for-tat" response from the trading bloc against USA goods. (more...)
- June 26, 2018
Harley-Davidson will not raise its prices to avert "an immediate and lasting detrimental impact" on sales in Europe, it said. The United States earlier this month imposed tariffs on steel and aluminum imports from the European Union, provoking a " tit-for-tat" response from the trading bloc against USA goods. (more...)
United States may use emergency law against China investments, says Bloomberg
- June 26, 2018
He explained that his nation and Europe have a common interest in defending the global multilateral trading system. Last week, Chinese President Xi Jinping told a group of American and European multinational chief executives that his country was planning to strike back against the latest trade actions by the US, according to the Wall Street Journal . (more...)
- June 26, 2018
He explained that his nation and Europe have a common interest in defending the global multilateral trading system. Last week, Chinese President Xi Jinping told a group of American and European multinational chief executives that his country was planning to strike back against the latest trade actions by the US, according to the Wall Street Journal . (more...)
Harley-Davidson Production Sent Overseas Thanks to Trump Tariff
- June 26, 2018
Now, lawmakers are weighing in. Harley-Davidson plans to move a sizable portion of the motorcycles it produces outside of the U.S., blaming the escalating tariff war for spiraling costs in one of its biggest markets. Trump praised Harley-Davidson as an "American icon, one of the greats" and expressed confidence the company would expand U.S. manufacturing under his administration. (more...)
- June 26, 2018
Now, lawmakers are weighing in. Harley-Davidson plans to move a sizable portion of the motorcycles it produces outside of the U.S., blaming the escalating tariff war for spiraling costs in one of its biggest markets. Trump praised Harley-Davidson as an "American icon, one of the greats" and expressed confidence the company would expand U.S. manufacturing under his administration. (more...)
USA to limit Chinese investment in American tech firms
- June 26, 2018
The broad-based S&P 500 shed 37.81 points (1.37 per cent) to end the day at 2,717.07, while the tech-rich Nasdaq Composite Index sank 160.81 points (2.09 per cent) to 7,532.01. technology companies, while restricting U.S. technology exports to China. Technology companies came under pressure after a report that the Trump administration will limit technology exports to China as well as investment by China. (more...)
- June 26, 2018
The broad-based S&P 500 shed 37.81 points (1.37 per cent) to end the day at 2,717.07, while the tech-rich Nasdaq Composite Index sank 160.81 points (2.09 per cent) to 7,532.01. technology companies, while restricting U.S. technology exports to China. Technology companies came under pressure after a report that the Trump administration will limit technology exports to China as well as investment by China. (more...)
China tops the United States as the number one supercomputer manufacturer
- June 26, 2018
Chinese firms made the machines in 206 of those, and for the first time, the leading supercomputer manufacturer is not a USA company. The distinction belongs to Summit , an IBM-built supercomputer running at the Department of Energy's Oak Ridge National Laboratory (ORNL). (more...)
- June 26, 2018
Chinese firms made the machines in 206 of those, and for the first time, the leading supercomputer manufacturer is not a USA company. The distinction belongs to Summit , an IBM-built supercomputer running at the Department of Energy's Oak Ridge National Laboratory (ORNL). (more...)
Harley, stung by tariffs, shifts some production overseas
- June 26, 2018
Harley-Davidson, Inc. has a 1-year low of $45.53 and a 1-year high of $63.40. Harley-Davidson's quarterly revenue was up 2.7% on a year-over-year basis. Field Main Bank & Trust holds 0% in Harley-Davidson, Inc. Bank of New York Mellon Corp now owns 4,049,825 shares of the company's stock valued at $206,054,000 after acquiring an additional 866,348 shares in the last quarter. (more...)
- June 26, 2018
Harley-Davidson, Inc. has a 1-year low of $45.53 and a 1-year high of $63.40. Harley-Davidson's quarterly revenue was up 2.7% on a year-over-year basis. Field Main Bank & Trust holds 0% in Harley-Davidson, Inc. Bank of New York Mellon Corp now owns 4,049,825 shares of the company's stock valued at $206,054,000 after acquiring an additional 866,348 shares in the last quarter. (more...)
U.S. plans limits on Chinese investment in U.S. technology firms
- June 26, 2018
The company said the EU's retaliatory tariffs against the USA would cost it $90 million United States to $100 million US a year. -China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. (more...)
- June 26, 2018
The company said the EU's retaliatory tariffs against the USA would cost it $90 million United States to $100 million US a year. -China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. (more...)
Despite Immigration Outrage, Trump Approval Rises as Economic Satisfaction Soars - Guy Benson
- June 26, 2018
Republican presidential candidate Donald Trump attends a news conference near the U.S. -Mexico border (background), outside Laredo, Texas. Trump and his proponents have claimed that the administration has not received credit for its work on the economy and that the media have not focused enough attention on the president's signature achievement to date. (more...)
- June 26, 2018
Republican presidential candidate Donald Trump attends a news conference near the U.S. -Mexico border (background), outside Laredo, Texas. Trump and his proponents have claimed that the administration has not received credit for its work on the economy and that the media have not focused enough attention on the president's signature achievement to date. (more...)
Iran opposition urges youth to join Tehran Bazaar protests
- June 26, 2018
The currency has been sliding for months because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the pullout by Washington from the nuclear deal and renewed USA sanctions against Tehran could shrink the country's exports of oil and other goods. (more...)
- June 26, 2018
The currency has been sliding for months because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the pullout by Washington from the nuclear deal and renewed USA sanctions against Tehran could shrink the country's exports of oil and other goods. (more...)
U.S. coal miners worry Trump-China trade dispute could hit exports
- June 26, 2018
The slated curbs will pour more oil onto Donald Trump's trade conflict with the world's second-largest economy, with heightened tensions threatening to roil financial markets and dent global growth. The act gives the president sweeping authority to restrict assets based on national security concerns. A survey released last week by the European Union Chamber of Commerce in China showed that a slim majority of members thought foreign-invested companies are treated unfairly, and nearly ... (more...)
- June 26, 2018
The slated curbs will pour more oil onto Donald Trump's trade conflict with the world's second-largest economy, with heightened tensions threatening to roil financial markets and dent global growth. The act gives the president sweeping authority to restrict assets based on national security concerns. A survey released last week by the European Union Chamber of Commerce in China showed that a slim majority of members thought foreign-invested companies are treated unfairly, and nearly ... (more...)
Uber begins appeal against London licence ban
- June 26, 2018
The document forms part of court proceedings this week as Uber attempts to appeal the loss of its operator's licence in Britain's capital . According to The Sunday Times, he said 1,148 licensed drivers had been accused of "category A" offences, such as sexual assault. (more...)
- June 26, 2018
The document forms part of court proceedings this week as Uber attempts to appeal the loss of its operator's licence in Britain's capital . According to The Sunday Times, he said 1,148 licensed drivers had been accused of "category A" offences, such as sexual assault. (more...)
Harley-Davidson To Move More Production Oversees Amid US-EU Trade Tensions
- June 25, 2018
Harley-Davidson felt that if it passed on the cost increase to dealers and customers it would have an immediate negative impact on its business in the European Union, including threatening the sustainability of its dealers' businesses. It said shifting its production outside the United States would take nine to 18 months. The EU is Harley's most important market outside of the USA, accounting for 40,000 sales in 2017. (more...)
- June 25, 2018
Harley-Davidson felt that if it passed on the cost increase to dealers and customers it would have an immediate negative impact on its business in the European Union, including threatening the sustainability of its dealers' businesses. It said shifting its production outside the United States would take nine to 18 months. The EU is Harley's most important market outside of the USA, accounting for 40,000 sales in 2017. (more...)
Tens of thousands demand a People's Vote in London
- June 25, 2018
A UK Independence Party (UKIP) pro-Brexit billboard sits in traffic as it is driven around the Westminster area of central London on June 22, 2018. Theresa May has been urged by hardline Brexiteers to speed up preparations for a "no-deal" Brexit to put pressure on Brussels during withdrawal negotiations. (more...)
- June 25, 2018
A UK Independence Party (UKIP) pro-Brexit billboard sits in traffic as it is driven around the Westminster area of central London on June 22, 2018. Theresa May has been urged by hardline Brexiteers to speed up preparations for a "no-deal" Brexit to put pressure on Brussels during withdrawal negotiations. (more...)
Turkey elections: Tayyip Erdogan wins presidential race
- June 25, 2018
The election ushers in a new era in Turkey , marking the end of a century-old parliamentary democracy and the transition to an executive presidential system, bestowing on Erdogan huge new powers he has long coveted. "The unofficial results of the elections have become clear". Erdogan, who has been in power since 2003, has faced a more robust, united opposition than ever before. (more...)
- June 25, 2018
The election ushers in a new era in Turkey , marking the end of a century-old parliamentary democracy and the transition to an executive presidential system, bestowing on Erdogan huge new powers he has long coveted. "The unofficial results of the elections have become clear". Erdogan, who has been in power since 2003, has faced a more robust, united opposition than ever before. (more...)
Harley-Davidson to shift some production outside U.S. over European Union tariffs
- June 25, 2018
While such a deal might still happen, trade tensions with China are likely to intensify this week as the USA gets set to announce investment restrictions meant to keep key technology out of Beijing's hands. The EU is Harley's most important market outside of the USA, accounting for 40,000 sales in 2017. "Increasing worldwide production to alleviate the European Union tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible ... (more...)
- June 25, 2018
While such a deal might still happen, trade tensions with China are likely to intensify this week as the USA gets set to announce investment restrictions meant to keep key technology out of Beijing's hands. The EU is Harley's most important market outside of the USA, accounting for 40,000 sales in 2017. "Increasing worldwide production to alleviate the European Union tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible ... (more...)
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