Money


JUST IN: Elon Musk Found Not Liable in ‘Pedo Guy’ Defamation Case JUST IN: Elon Musk Found Not Liable in ‘Pedo Guy’ Defamation Case
- December 07, 2019

Unsworth called Musk's intervention a "PR" stunt and said the high-tech entrepreneur should " stick his submarine where it hurts ". "I thought he was just some random, creepy guy that the media interviewed", Musk said of Unsworth. But under cross-examination on Thursday, Musk's lawyers tried to show that Unsworth wasn't harmed by the comment, displaying for the jury a picture of the caver with then British Prime Minister Theresa May in front of 10 Downing Street. (more...)
US Stock Market Overview - Stocks Slide on US-China Trade Concerns US Stock Market Overview - Stocks Slide on US-China Trade Concerns
- December 07, 2019

Brazil, he said , is not "the only one where there are currency issues". The U.S. and China are "close" to a phase one trade agreement, White House economic adviser Larry Kudlow told FOX Business' Stuart Varney on Friday morning. Earlier on Tuesday, Chinese state media said the government would soon publish a list of "unreliable entities" that could lead to sanctions against USA companies, signaling trade talks between the two nations are increasingly under threat from disputes over ... (more...)
United States private sector job growth hits 6-month low in November United States private sector job growth hits 6-month low in November
- December 06, 2019

November's number was a steep decline from the 121,000 jobs added last month, which was revised slightly lower than the 125,000 initially reported. JC2 Ventures CEO and founder and Cisco chairman emeritus John Chambers discusses the ongoing journey to 5G in the US, and how artificial intelligence can help or hurt the job market. (more...)
Buick Discontinues Regal After 2020 Model Year Buick Discontinues Regal After 2020 Model Year
- December 06, 2019

The Regal's death marks the third Buick vehicle to be killed off in the previous year. "Nearly 90 percent of Buick sales to date this year have been crossovers", Fowle said. US sales of the Regal through the third quarter totaled 11,008 vehicles, down 19.6% from a year earlier. Buick has been procuring the Regal from the Opel brand in Europe after selling off Opel to PSA Group in 2018. (more...)
Inflation pushes India central bank to keep rates on hold Inflation pushes India central bank to keep rates on hold
- December 06, 2019

In the last bi-monthly monetary policy announced in October, the RBI cut the policy repo rate under the liquidity adjustment facility (LAF) for the fifth time in a row by 25 basis points to 5.15 per cent from 5.40 per cent with immediate effect. (more...)
Trump sees no deadline for China deal, prefers it post-election
- December 06, 2019

Commerce Secretary Wilbur Ross underlined the wider threat the decision poses in a Fox Business interview. "The reality is the bill was going to be enacted anyway because they had a veto-proof majority in Congress". But Trump dismissed the stock market dip, noting that it was "peanuts" compared to the overall skyrocketing market since he was first elected president. (more...)
Japan's Cabinet Approves $122B Stimulus Package Japan's Cabinet Approves $122B Stimulus Package
- December 06, 2019

The package totals about ¥26 trillion if spending by the private sector is counted, public broadcaster NHK said. "Now is the time to adopt bold fiscal policy to overcome various downside risks and secure future safety while the Bank of Japan is patiently continuing powerful monetary easing", the government said. (more...)
US gains a robust 266000 jobs; unemployment falls to 3.5% US gains a robust 266000 jobs; unemployment falls to 3.5%
- December 06, 2019

The goods-producing sector lost 26,600 jobs in the month as the number of manufacturing jobs fell by 27,500 jobs and the natural resources sector shed 6,500. Likewise, the return of those employees to work should increase November's job gain by roughly the same amount. But cooler-than-normal temperatures in November curbed hiring at construction sites and mines. (more...)
Japan launches $122bn stimulus
- December 06, 2019

The entire economic package amounts to 25 trillion yen when government loans, credit guarantees and private-sector spending are included, sources told Reuters this week. That makes it a tad smaller than the last major package compiled in 2016, worth 28 trillion yen, when the Brexit vote darkened Japan's export outlook. (more...)
Oil rises as OPEC weighs deeper output cuts Oil rises as OPEC weighs deeper output cuts
- December 06, 2019

However, the panel left key details unresolved - such as how much Saudi Arabia will pump under the new regime - leaving the oil market to wonder whether it was a genuine supply reduction. "We concluded that in order to safely go through the seasonal demand period in the first quarter of 2020, it could be recommended that countries additionally cut up to 500,000 barrels per day", Novak said. (more...)
Asian shares advance after meager gains on Wall Street Asian shares advance after meager gains on Wall Street
- December 06, 2019

Oil prices gained 17 cents at $58.60 USA a barrel. The report came a day after Trump said he wouldn't mind waiting until after the 2020 elections for a deal, a remark that officials reportedly called off the cuff but nevertheless sent markets skidding. (more...)
Uber: Over 3,000 sex assaults reported on rides in 2018 Uber: Over 3,000 sex assaults reported on rides in 2018
- December 06, 2019

In its first ever safety report, the taxi-hailing company said that it had been told of 3,045 such incidents in 2018, including 235 rapes and 280 attempted rapes, as well as 1,560 instances of unwanted intimate touching. In response, an Uber spokesperson pointed to the just-released report. Despite what may seem like staggering data, West emphasized that a majority of rides end safely for both the driver and rider, especially after establishing safety features like an In-App Emergency Button ... (more...)
U.S. trade with China extends decline as tariff talks drag on U.S. trade with China extends decline as tariff talks drag on
- December 06, 2019

USA exports of food, feed and beverages to China climbed to $1.2 billion last month, the second best month for such exports since the U.S. Imports declined across the board in October, with imports of consumer goods falling sharply. In total, the US now has tariffs on about $360 billion of Chinese imports and is scheduled to add 15% tariffs on another $165 billion or so of imports on December 15, unless the two sides strike a deal. (more...)
Saudi Aramco raises $25.6 billion in largest-ever IPO; surpasses Alibaba Saudi Aramco raises $25.6 billion in largest-ever IPO; surpasses Alibaba
- December 06, 2019

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly. The government used a series of initiatives to encourage Saudis to buy a stake in the kingdom's crown jewel, including offers of bank loans and nationalist rhetoric portraying the investment a patriotic duty. (more...)
GM, LG Chem announce EV battery joint venture in Lordstown, Ohio GM, LG Chem announce EV battery joint venture in Lordstown, Ohio
- December 06, 2019

The new joint venture will break ground on the facility next year that, when at its full 30 GWh capacity, will rival the current battery cell capacity of Tesla and Panasonic's Gigafactory 1 in Nevada. "The facility, expected to be located in the Lordstown area, will see investment of more than $2 billion with GM and LG Chem expected to invest more than $1 billion each, one of the sources said". (more...)
Bank of Canada keeps key interest rate unchanged Bank of Canada keeps key interest rate unchanged
- December 05, 2019

The waves of monetary stimulus have receded lately, but a palpable sense of worry remains. Canada's central bank offered no such guidance. The Canadian dollar will add to this year's gains over the coming 12 months as a potential easing of global economic risk reduces pressure on the Bank of Canada to provide support for Canada's commodity-linked economy, a Reuters poll showed. (more...)
Investors Alert: Canadian National Railway Company (CNI) Investors Alert: Canadian National Railway Company (CNI)
- December 05, 2019

Investors of record on Monday , December 9th will be given a dividend of 0.538 per share on Monday , December 30th. This piece of financial article provides a short snap of Canadian National Railway Company ( CNI ) regarding latest trading session and presents some other indicators that can help you to support yours research about Canadian National Railway Company (CNI ). (more...)
Ford Will Be Putting McDonald's Coffee Bean Skin Into Your Car Ford Will Be Putting McDonald's Coffee Bean Skin Into Your Car
- December 05, 2019

When coffee is hulled and roasted, the last thin membrane of protective material around the bean, called chaff or silver skin, becomes dried out and falls away. Next, the company is considering what other waste products from McDonald's could potentially be given a second life. Chaff produced during the roasting produce for McDonald's will be shipped to Competitive Green Technologies, a biomaterials company in Ontario that will process the waste product into a raw bioplastic. (more...)
Huawei again sues U.S. over product ban Huawei again sues U.S. over product ban
- December 05, 2019

Washington has long had Huawei in its crosshairs, placing it on an economic blacklist in May, barring American firms from doing business with the company on the grounds that its networking gear could be used for espionage, despite repeated objections and denials from top executives. (more...)
RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5% RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
- December 05, 2019

The central bank said it'll continue with its "accommodative" stance. "The MPC recognises that there is monetary policy space for future action". Evolving growth inflation dynamics has prompted the MPC to keep the rate unchanged, the RBI document suggested. (more...)

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