Money


President Trump defends using trade tariffs President Trump defends using trade tariffs
- Июня 11, 2019

I think he's going. Fitch Ratings said on Monday any such move would be disruptive to the United States technology sector and could hurt some Chinese sectors as well, though it added that it was too early to assess potential credit implications. (more...)
Russia, Saudi Arabia agree to strengthen trade, investment ties Russia, Saudi Arabia agree to strengthen trade, investment ties
- Июня 11, 2019

U.S. West Texas Intermediate ( WTI ) crude lost 73 cents, or 1.4%, to end at $53.26 a barrel. On Monday's (June 10th) market, crude rally was nearly entirely goaded by a signal of OPEC-kingpin Saudi Arabia , that the club of oil producers including Russian Federation would restrict supply to current level beyond June in order to balance a stormy crude oil market amid an intransigent U.S. (more...)
Trump says U.S. to 'do something' about French wine tariffs Trump says U.S. to 'do something' about French wine tariffs
- Июня 11, 2019

Foreign Minister Marcelo Ebrard, who led the Mexican negotiating team in Washington last week, said he had rebuffed the U.S. demand for such a measure, but agreed to revisit the matter in 45 days. Ebrard told a news conference on Monday that Trump was referring to possible further measures to pressure countries other than the United States to share the burden. (more...)
Mexico contradicts Trump's tweet of reaching a farm deal Mexico contradicts Trump's tweet of reaching a farm deal
- Июня 11, 2019

USA border officers apprehended more than 132,000 people crossing from Mexico in May, the highest monthly level since 2006. As the USA prepares for the immediate expansion of the Migrant Protection Protocols (MPP) program - dubbed "Remain in Mexico" - Pompeo said us authorities have increased their capacity of returning non-Mexican migrants who claim asylum at ports of entry along the southern border to Mexico. (more...)
Raytheon, United Technologies merger to create defense powerhouse Raytheon, United Technologies merger to create defense powerhouse
- Июня 10, 2019

The deal will return $18 to $20 billion back to shareholders in the first 36 months after closing, expected in the first half of 2020, the companies said in an announcement on Sunday. United Technologies isn't paying a premium for Raytheon, taking into account the separation of the Otis and Carrier businesses, according to a person familiar with the matter, who asked not to be identified because the information is private. (more...)
Raytheon, United Technologies Announce Merger Raytheon, United Technologies Announce Merger
- Июня 10, 2019

We don't have to go to China. The merger is expected to close in the first half of 2020, following completion by United Technologies of the previously announced separation of its Otis and Carrier businesses. United Technologies could benefit from reducing its exposure to commercial aerospace clients amid concerns that the rise of global trade protectionism will weigh on the flow of goods through air traffic. (more...)
Treasury Secy Mnuchin: Pres. Trump to meet with Pres. Xi this month Treasury Secy Mnuchin: Pres. Trump to meet with Pres. Xi this month
- Июня 10, 2019

Also, G20 leaders "will continue to address these risks and stand ready to take further action", the source told Reuters. The country has hinted at cutting off the USA supply of rare earth elements and is also hitting America's education and tourist sector by announcing visa restrictions. (more...)
Uber COO, marketing chief step down in leadership overhaul: memo Uber COO, marketing chief step down in leadership overhaul: memo
- Июня 10, 2019

Barney Harford, the chief operating officer, and Rebecca Messina, the chief marketing officer, are both leaving the company, Uber said, and the position of COO is being eliminated. Khosrowshahi was previously the head of Expedia where Harford worked before becoming CEO of Orbitz, where they then became rivals. This could perhaps perchance allow me to be more palms on and wait on our leaders peril-solve in staunch time, while furthermore guaranteeing that we establish our platform vision a fact. (more...)
Barnes & Noble to Be Sold to Hedge Fund Elliott Management for $683M Barnes & Noble to Be Sold to Hedge Fund Elliott Management for $683M
- Июня 10, 2019

Per the transaction terms, Elliott will acquire Barnes & Noble for $6.50 per share, representing approximately a 43% premium to the company's 10-day volume-weighted adjusted share price as of June 5. Riggio had previously expressed interest in buying Barnes & Noble but later withdrew. Elliott took control of Waterstones past year, buying a majority stake from Russian billionaire Alexander Mamut who rescued the chain from near-collapse in 2011. (more...)
Trump says US, Mexico reach agreement to prevent tariffs Trump says US, Mexico reach agreement to prevent tariffs
- Июня 10, 2019

Mexico, however, had already meant to do that before Trump's latest threat and had made that clear to USA officials. That will be announced at the appropriate time , ' he wrote . The Trump administration believed the deal would "fix the immigration issue", Treasury Secretary Steven Mnuchin said on Saturday in a Reuters interview on the sidelines of a G20 finance meeting in Fukuoka, Japan. (more...)
Putin has Opec over a barrel when it comes to oil prices Putin has Opec over a barrel when it comes to oil prices
- Июня 09, 2019

They gained 1.7 per cent on Thursday. The price of crude oil futures are down $.14 or -0.25% $51.55. They finished the previous session 1.8% higher. Prices had been supported by supply curbs by the Organization of the Petroleum Exporting Countries (OPEC) and producing allies, including Russian Federation. (more...)
Beyond Meat’s restaurant sales are booming Beyond Meat’s restaurant sales are booming
- Июня 09, 2019

Plant-based meat products have been sweeping across the United States over the past decade with brands like Impossible Food securing high-revenue partnerships with restaurants and supermarkets. There's logic behind Beyond Meat's argument that placement will affect sales, though the meat section may not be the only hot spot. The burgers, a hit with consumers switching to a "flexitarian" diet, feel, smell and taste like real meat. (more...)
Bundesbank cuts growth forecasts as industry lags Bundesbank cuts growth forecasts as industry lags
- Июня 09, 2019

The chances of a protracted decline in output are low but growth is more likely to undershoot the forecasts than exceed them, the Bundesbank said. A modest recovery is expected next year, when officials predict growth will return to 1.2pc. The bank retained its inflation forecast at 1.4 percent for this year, but lowered its estimate for 2020 to 1.5 percent from 1.8 percent. But the slowdown in manufacturing is starting to hurt the labour market and there are concerns this weakness could ... (more...)
Stock markets climb despite disappointing jobs report data Stock markets climb despite disappointing jobs report data
- Июня 09, 2019

The jobless rate, now 3.6 percent, is lower than the 4 percent unemployment rate this is considered ideal. Consumers have been cautious about spending, and companies are scaling back their investment in high-cost machinery and equipment. (more...)
City regulator bans high overdraft fees to reform 'dysfunctional' market City regulator bans high overdraft fees to reform 'dysfunctional' market
- Июня 09, 2019

Britain's banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future of free in-credit banking. (more...)
After scUber, Uber Air is taking NY skies After scUber, Uber Air is taking NY skies
- Июня 09, 2019

Not all Uber users will be able to take advantage of Uber Copter, however - the aerial rides will only be available to Platinum and Diamond members of the Uber Rewards loyalty program . After a 90-second safety video, the whirlybirds will takeoff and head on over to JFK airport and land at a heliport within the vicinity of Terminal 8 at JFK. (more...)
Facebook Coin: Platform will Announce Cryptocurrency in June Facebook Coin: Platform will Announce Cryptocurrency in June
- Июня 09, 2019

A separate phenomenon that needs to be noted is the growing importance and the beginning of the technological leaders, most of whom have American roots - Google, Apple, Amazon and Facebook - penetrating the oil and gas industry. According to sources , Facebook is looking to sell 100 nodes on its GlobalCoin network for the price of $10 million each, which comes out to a cool $1 billion. (more...)
Kroger recalls frozen berries because of possible Hepatitis A contamination Kroger recalls frozen berries because of possible Hepatitis A contamination
- Июня 09, 2019

Grocery stores owned by Kroger across the country are recalling store-label frozen berries because they might be contaminated with hepatitis A. The FDA is working with the manufacturer on this matter and is continuing to investigate to determine whether there are other implicated products. (more...)
Tariff war averted as U.S. and Mexico reach agreement on border controls Tariff war averted as U.S. and Mexico reach agreement on border controls
- Июня 09, 2019

Trump said Mexico had agreed to take strong measures to "reduce, or eliminate" illegal immigration from Mexico. The U.S. will work to greatly expand a program that returns asylum-seekers who cross the southern border to Mexico while their claims are adjudicated. (more...)
Angelina Jolie meets Venezuelan refugees as she visits crisis-hit country Angelina Jolie meets Venezuelan refugees as she visits crisis-hit country
- Июня 09, 2019

Guaidó, who heads the opposition-controlled congress, revived a flagging movement in January by declaring himself interim president, quickly drawing recognition as Venezuela's rightful leader from the USA and more than 50 nations. "The pace of the outflow from Venezuela has been staggering", the refugee agency UNHCR and the International Organisation for Migration (IOM) said in a joint statement. (more...)