Money
Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement
- August 28, 2018
Canada, which is part of NAFTA, did not participating in the announcement. Trump said Monday he'd like Canada to join, but will move ahead without us if necessary. Instead, the United States and Mexico agreed to a 16-year lifespan for NAFTA, with a review every six years that can extend the pact for 16 years more, providing more business certainty. (more...)
- August 28, 2018
Canada, which is part of NAFTA, did not participating in the announcement. Trump said Monday he'd like Canada to join, but will move ahead without us if necessary. Instead, the United States and Mexico agreed to a 16-year lifespan for NAFTA, with a review every six years that can extend the pact for 16 years more, providing more business certainty. (more...)
Freeland heads to Washington to rejoin high-stakes NAFTA negotiations
- August 28, 2018
Back against the wall or holding all the cards: Analysts were split on Canada's position in continental trade negotiations after US President Donald Trump announced a breakthrough deal with Mexico on Monday. Most Mexican auto exports are in a position to comply with the new limits, the country's economy minister said. "While the USA administration had been given special "fast-track" authority by Congress to seek a new NAFTA deal, it is unclear whether that applies to a bilateral ... (more...)
- August 28, 2018
Back against the wall or holding all the cards: Analysts were split on Canada's position in continental trade negotiations after US President Donald Trump announced a breakthrough deal with Mexico on Monday. Most Mexican auto exports are in a position to comply with the new limits, the country's economy minister said. "While the USA administration had been given special "fast-track" authority by Congress to seek a new NAFTA deal, it is unclear whether that applies to a bilateral ... (more...)
United States and Mexico reach a preliminary trade deal
- August 28, 2018
Even if Canada and the USA work out their differences,"Congress has a very tight window to ratify any new trade deal, there is no guarantee that an agreement will be in place by the end of this year", analysts at Moody's Investors Service said in an email. (more...)
- August 28, 2018
Even if Canada and the USA work out their differences,"Congress has a very tight window to ratify any new trade deal, there is no guarantee that an agreement will be in place by the end of this year", analysts at Moody's Investors Service said in an email. (more...)
Wall Street rallies on US-Mexico trade deal
- August 28, 2018
The U.S. and Mexico have reached a preliminary agreement to revise key portions of the arrangement, the New York Times reports , leaving out Canada altogether for now. The higher threshold is aimed at keeping more parts from Asia out, boosting North American automotive manufacturing and jobs. Among the negotiations was a U.S. (more...)
- August 28, 2018
The U.S. and Mexico have reached a preliminary agreement to revise key portions of the arrangement, the New York Times reports , leaving out Canada altogether for now. The higher threshold is aimed at keeping more parts from Asia out, boosting North American automotive manufacturing and jobs. Among the negotiations was a U.S. (more...)
Toyota, Uber to develop driverless vehicles
- August 28, 2018
Since a self-driving Uber SUV killed a pedestrian in Tempe, Arizona, in March, Uber has removed its robot cars from the road, laid off hundreds of test drivers and shuttered operations in Arizona, its autonomous testing hub. "Uber's automated driving system and Toyota's Guardian system will independently monitor the vehicle environment and real-time situation, enhancing overall vehicle safety for both the automated driver and the vehicle". (more...)
- August 28, 2018
Since a self-driving Uber SUV killed a pedestrian in Tempe, Arizona, in March, Uber has removed its robot cars from the road, laid off hundreds of test drivers and shuttered operations in Arizona, its autonomous testing hub. "Uber's automated driving system and Toyota's Guardian system will independently monitor the vehicle environment and real-time situation, enhancing overall vehicle safety for both the automated driver and the vehicle". (more...)
Warren Buffett's Next Investment Will Be a First for Berkshire Hathaway
- August 28, 2018
Berkshire Hathaway is a roughly $500 billion conglomerate and has more than 90 operating units including the BNSF railroad, Geico auto insurance, Dairy Queen ice cream, Fruit of the Loom underwear, See's sweets and a variety of industrial and chemical operations. (more...)
- August 28, 2018
Berkshire Hathaway is a roughly $500 billion conglomerate and has more than 90 operating units including the BNSF railroad, Geico auto insurance, Dairy Queen ice cream, Fruit of the Loom underwear, See's sweets and a variety of industrial and chemical operations. (more...)
Saudi oil giant Aramco's IPO 'called off', say sources
- August 28, 2018
The IMF did not factor in an Aramco listing in its growth forecast for the kingdom this year or last "due to continued uncertainty" over the plans, so any delay would not have an impact its projections, Mr Callen said as the IMF published its annual review of the Saudi economy. (more...)
- August 28, 2018
The IMF did not factor in an Aramco listing in its growth forecast for the kingdom this year or last "due to continued uncertainty" over the plans, so any delay would not have an impact its projections, Mr Callen said as the IMF published its annual review of the Saudi economy. (more...)
Stocks rally as USA and Mexico reach deal to replace NAFTA
- August 27, 2018
But what Trump's going for here is headlines saying he won ... and too many US media outlets will probably give him that. Advisers of incoming President Lopez Obrador hailed the new deal, saying it represented progress on energy and wages for Mexico's workers. (more...)
- August 27, 2018
But what Trump's going for here is headlines saying he won ... and too many US media outlets will probably give him that. Advisers of incoming President Lopez Obrador hailed the new deal, saying it represented progress on energy and wages for Mexico's workers. (more...)
Elon Musk backs away from bid to take Tesla private
- August 27, 2018
In a blog post , Musk added: "Given the feedback I've received, it's apparent that most existing shareholders believe we are better off as a public company ". He said he left the meeting with "no question" that a deal could be closed. "Funding secured" at 12:48pm Eastern time, while the shares were actively trading. (more...)
- August 27, 2018
In a blog post , Musk added: "Given the feedback I've received, it's apparent that most existing shareholders believe we are better off as a public company ". He said he left the meeting with "no question" that a deal could be closed. "Funding secured" at 12:48pm Eastern time, while the shares were actively trading. (more...)
SEC Will Review Wednesday Decision to Reject BTC-ETF Proposals
- August 27, 2018
The SEC through its Division of Trading and Market , disapproved five ETF applications from Direxion , two from GraniteShares , and two filed by ProShares . Three-quarters of bitcoin trade activity takes place outside the US. Although this wasn't addressed directly by the SEC, it has been suggested that an ETF is more likely to be accepted if crypto exchanges worked together . (more...)
- August 27, 2018
The SEC through its Division of Trading and Market , disapproved five ETF applications from Direxion , two from GraniteShares , and two filed by ProShares . Three-quarters of bitcoin trade activity takes place outside the US. Although this wasn't addressed directly by the SEC, it has been suggested that an ETF is more likely to be accepted if crypto exchanges worked together . (more...)
Ryanair changes cabin bag policy, small suitcase no longer free
- August 27, 2018
According to representatives of the Irish low-priced airline, change of conditions of carriage of things, argued that the current policy on baggage leads to delays and does not allow a short 25-minute reversals of aircraft between flights. The policy is expected to affect 40 percent of non-Priority customers who regularly travel with two bags. How big is a small carry-on bag? The new policy will be implemented for all bookings made from 1 September. (more...)
- August 27, 2018
According to representatives of the Irish low-priced airline, change of conditions of carriage of things, argued that the current policy on baggage leads to delays and does not allow a short 25-minute reversals of aircraft between flights. The policy is expected to affect 40 percent of non-Priority customers who regularly travel with two bags. How big is a small carry-on bag? The new policy will be implemented for all bookings made from 1 September. (more...)
Mass Shooter at Madden Tournament Was Gamer Who Lost
- August 27, 2018
The culprit was dead on the scene . Williams said the man died from a self-inflicted gunshot, adding final confirmation of the suspect's identity was still pending as the FBI was helping the investigation in Baltimore. The Jacksonville Landing, in the heart of the citys downtown, hosts concerts and other entertainment, has a busy food court and a host of bars and restaurants. (more...)
- August 27, 2018
The culprit was dead on the scene . Williams said the man died from a self-inflicted gunshot, adding final confirmation of the suspect's identity was still pending as the FBI was helping the investigation in Baltimore. The Jacksonville Landing, in the heart of the citys downtown, hosts concerts and other entertainment, has a busy food court and a host of bars and restaurants. (more...)
Fed chief to speak on economy under Trump's critical gaze
- August 26, 2018
Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. In his highly anticipated Friday address on the heels of a record-setting stock market week, Powell noted that while the US economy is strong, the Fed is working to find a balance between the "shoals of overheating and premature tightening". (more...)
- August 26, 2018
Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. In his highly anticipated Friday address on the heels of a record-setting stock market week, Powell noted that while the US economy is strong, the Fed is working to find a balance between the "shoals of overheating and premature tightening". (more...)
As California firefighters battled the state's largest wildfire, Verizon throttled their data
- August 26, 2018
Verizon will allow public safety workers, such as firefighters, police officers and Emergency Medical Services personnel - as well as the federal justice agencies, including the FBI, CIA and Secret Service - to have unlimited data with no price increases and data caps, said Tami Erwin, executive vice president of operations for Verizon Wireless . (more...)
- August 26, 2018
Verizon will allow public safety workers, such as firefighters, police officers and Emergency Medical Services personnel - as well as the federal justice agencies, including the FBI, CIA and Secret Service - to have unlimited data with no price increases and data caps, said Tami Erwin, executive vice president of operations for Verizon Wireless . (more...)
President Trump's Personal Bookkeeper Granted Immunity in Cohen Investigation
- August 26, 2018
The surprising decision to cooperate with prosecutors by long-time Donald Trump ally David Pecker was driven by financial considerations at his publishing empire, a Wall Street Journal reporter explained on Saturday. He testified last month before a grand jury investigating Cohen. Cohen also says those payments were for the goal of influencing the election, which prosecutors say is a violation of campaign finance laws. (more...)
- August 26, 2018
The surprising decision to cooperate with prosecutors by long-time Donald Trump ally David Pecker was driven by financial considerations at his publishing empire, a Wall Street Journal reporter explained on Saturday. He testified last month before a grand jury investigating Cohen. Cohen also says those payments were for the goal of influencing the election, which prosecutors say is a violation of campaign finance laws. (more...)
Russian arms maker Kalashnikov unveils Tesla-fighting retro electric auto
- August 26, 2018
The company claims the CV-1 is made up of complex systems and the technology used in the vehicle will establish Kalashnikov as a global manufacturer of quality electric cars , on par with Elon Musk's Tesla and others. A retro-looking pale blue prototype electric vehicle, the CV-1, produced by Russian arms maker Kalashnikov is being displayed in Moscow. The current name designated to this "electric supercar" is CV-1. (more...)
- August 26, 2018
The company claims the CV-1 is made up of complex systems and the technology used in the vehicle will establish Kalashnikov as a global manufacturer of quality electric cars , on par with Elon Musk's Tesla and others. A retro-looking pale blue prototype electric vehicle, the CV-1, produced by Russian arms maker Kalashnikov is being displayed in Moscow. The current name designated to this "electric supercar" is CV-1. (more...)
Oil rises as China demand resumes, signs that Iran supply curbed
- August 26, 2018
US EIA crude stocks report is in focus today (1.49 million barrels draw f/c vs 3.56 million barrels build last week) which is expected to maintain near-term bullish bias if data come in line / above expectations. US sanctions are having a strong effect on Iran's economy and popular opinion, National Security Adviser John Bolton said on Wednesday. "This is largely due to a tightening fundamental outlook on the back of looming Iranian supply shortages", said Stephen Brennock , analyst at ... (more...)
- August 26, 2018
US EIA crude stocks report is in focus today (1.49 million barrels draw f/c vs 3.56 million barrels build last week) which is expected to maintain near-term bullish bias if data come in line / above expectations. US sanctions are having a strong effect on Iran's economy and popular opinion, National Security Adviser John Bolton said on Wednesday. "This is largely due to a tightening fundamental outlook on the back of looming Iranian supply shortages", said Stephen Brennock , analyst at ... (more...)
Donald Trump's bad week: A growing list of allies turn against him
- August 26, 2018
Media outlets are reporting that President Donald Trump's bookkeeper for his personal and business affairs for decades has been granted immunity in the federal probe of former Trump lawyer Michael Cohen . GREENE: And we should say this comes on the heels of another Trump ally being granted immunity. Mr Cohen said that the first payment was made in "coordination with and at the direction of a candidate for federal office" and the second payment was made "under direction of the same ... (more...)
- August 26, 2018
Media outlets are reporting that President Donald Trump's bookkeeper for his personal and business affairs for decades has been granted immunity in the federal probe of former Trump lawyer Michael Cohen . GREENE: And we should say this comes on the heels of another Trump ally being granted immunity. Mr Cohen said that the first payment was made in "coordination with and at the direction of a candidate for federal office" and the second payment was made "under direction of the same ... (more...)
Britain faces prospect of sperm shortage in case of no-deal Brexit
- August 25, 2018
Several ministers have warned that the risk of leaving without an agreement has increased. David Lidington , who is effectively Theresa May's deputy, said that a deal between the United Kingdom and the European Union by a November deadline would be "manageable". (more...)
- August 25, 2018
Several ministers have warned that the risk of leaving without an agreement has increased. David Lidington , who is effectively Theresa May's deputy, said that a deal between the United Kingdom and the European Union by a November deadline would be "manageable". (more...)
Trump says ‘everybody would be very poor’ if he’s impeached
- August 25, 2018
That's true, but the key difference is that the Obama campaign violations amounted to clerical errors and paperwork delays that didn't rise to the level of criminality, which is why the Federal Election Commission took care of it. Even those few Republicans who have been willing to speak out about Mr Trump are treading carefully in the wake of Cohen's guilty plea. In previous cases when Trump's criticisms of Sessions have ratcheted up, Grassley has said the committee's calendar was packed ... (more...)
- August 25, 2018
That's true, but the key difference is that the Obama campaign violations amounted to clerical errors and paperwork delays that didn't rise to the level of criminality, which is why the Federal Election Commission took care of it. Even those few Republicans who have been willing to speak out about Mr Trump are treading carefully in the wake of Cohen's guilty plea. In previous cases when Trump's criticisms of Sessions have ratcheted up, Grassley has said the committee's calendar was packed ... (more...)
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Trade deficit narrowed in May as exports rose and imports fell again