Money


China suspends planned tariffs on some USA goods China suspends planned tariffs on some USA goods
- December 16, 2019

China's government says it will postpone planned punitive tariffs on USA -made automobiles and other goods following an interim trade deal with Washington. The two trade deals together cover some $2 trillion in overall trade, he said. Tariffs already in place on other U.S. goods will remain, the council's statement said. (more...)
Global markets mixed after US-China trade deal
- December 16, 2019

It was last up by 0.35%. The United States also agreed to halve the tariff rate, to 7.5 per cent, on $120 billion worth of Chinese goods. The "phase one" agreement came ahead of the deadline on Sunday for a new round of United States tariffs on nearly US$160 billion of Chinese imports. (more...)
Bank Employee Stole $88,000 From Bank Vault, Prosecutors Say Bank Employee Stole $88,000 From Bank Vault, Prosecutors Say
- December 16, 2019

A former bank employee from Charlotte, North Carolina , was busted after he allegedly stole $88,000 from his bank's vault, prosecutors said. Then he is alleged to have committed " fraud on the loan in connection with the purchase of a luxury car ". (more...)
French Manufacturing Seeks Stability Amid Rapid Business Growth French Manufacturing Seeks Stability Amid Rapid Business Growth
- December 16, 2019

An index measuring output, which feeds into the composite PMI, fell to 45.9 from 47.4, also marking the 11th month of contraction. USA manufacturers saw a widely similar growth in December as was recorded in November, as hinted by just a marginal fall in the IHS Markit index. (more...)
Asian shares rise as 'phase one' US-China trade deal fans confidence Asian shares rise as 'phase one' US-China trade deal fans confidence
- December 16, 2019

It was last up by 0.35%. The United States also agreed to halve the tariff rate, to 7.5%, on $120 billion worth of Chinese goods. Shares of companies related to tire pressure monitoring and cloud games posted strong performance, with shares of Hamaton Automotive Technology Co., Ltd. (more...)
South State (NASDAQ:SSB) Sets New 52-Week High at $85.66 South State (NASDAQ:SSB) Sets New 52-Week High at $85.66
- December 16, 2019

Jacobs Levy Equity Management Inc. purchased a new position in South State during the 2nd quarter worth approximately $217,000. The company has a market cap of $19.71 billion and a price-to-earnings ratio of 57.10. Quadrant Capital Group LLC now owns 5,024 shares of the company's stock valued at $63,000 after buying an additional 2,105 shares during the last quarter. (more...)
Bankrupt Crypto Exchange QuadrigaCX's Investors Request Founder's Postmortem Bankrupt Crypto Exchange QuadrigaCX's Investors Request Founder's Postmortem
- December 16, 2019

Users of Exchange are asking for Exhumation of the founder's body. Gerald Cotten died suddenly past year in India from complications related to Crohn's disease. Numerous digital currencies held by Quadriga are stored offline in accounts known as "cold wallets", a way of protecting them from hackers. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. (more...)
Starbucks apologizes after 2 sheriff's deputies say servers ignored them Starbucks apologizes after 2 sheriff's deputies say servers ignored them
- December 15, 2019

Starbucks confirmed that the law enforcement officers were ignored by employees for almost five minutes, a spokesperson said in a statement provided to KABC . "We take full responsibility for any intentional or unintentional disrespect shown to law enforcement on whom we depend every day to keep our stores and communities safe". (more...)
WTI hits fresh three-month highs above $60.00 but then retreats WTI hits fresh three-month highs above $60.00 but then retreats
- December 15, 2019

Yet as the details of the U.S. The " phase one " agreement came just ahead of a deadline on Sunday for a new round of USA tariffs on nearly $160 billion of Chinese imports. However, the trade optimism overshadowed the unexpected build in US crude inventories. The alliance, known as OPEC+, agreed last week to lower supply a further 500,000 barrels per day as of January 1. (more...)
Qantas Passengers Caught in ‘Terrifying’ Incident Qantas Passengers Caught in ‘Terrifying’ Incident
- December 15, 2019

ABC reported that the plane was stuck on the tarmac after landing and smoke began to fill the cabin. News of the evacuation first came through on Twitter, with passengers on the flight and loved ones of those on board taking to social media to report details of the incident. (more...)
Porsche Taycan Turbo gets woefully low EPA mile range Porsche Taycan Turbo gets woefully low EPA mile range
- December 15, 2019

This is the first variant of the Taycan - Porsche's first all-electric vehicle - to receive an estimated range from the EPA. But its debut electric model is decidedly average in one very significant respect: range. In the lead up to the Taycan launch in September , Porsche spent a considerable amount of marketing energy, pardon the pun, extolling the sustainable and repeatable power and endurance made possible by the Taycan's 800 volt electrical architecture. (more...)
The The "Beverly Hillbillies" Mansion Sells For CA Record
- December 15, 2019

In all, the estate contains 18 bedrooms and 24 bathrooms. What was once the most expensive home for sale in America is officially off the market, sold for a record-breaking price in California . Okay, they never actually lived there but the house did sell. It stood empty until Arnold Kirkeby, a hotelier, bought it for $200,000 in 1945. A California mansion that is known to sitcom fans as the home of the zany Clampett family has sold for the highest price in the state's history of ... (more...)
Elizabeth II has allowed Boris Johnson to form a government Elizabeth II has allowed Boris Johnson to form a government
- December 14, 2019

Prime Minister Imran Khan congratulated Johnson on his victory and said he looked forward to working with the British premier to improve relations between their countries. The victory would mean that they will plough ahead with Brexit, ending all chances of a second referendum over the issue.This was Britain's third general election in a little more than four years, and the second since the June 2016 Brexit referendum.After the victory, Johnson has urged people to find closure " closure" over ... (more...)
Delivery buys Woowa for $4bn Delivery buys Woowa for $4bn
- December 14, 2019

Competition in online food delivery has heated up as SoftBank-backed e-commerce platform Coupang has launched a food delivery service, called Coupang Eats, and ride-hailing platforms Uber and Grab respectively run Uber Eats and GrabFood. "The (food) delivery market has been flooded with enormous Japan-backed capital and influential online platforms, leading Woowa to factor in partnership as a survival strategy", a spokesman was quoted as saying. (more...)
FTC Could Block Facebook's Plans to Integrate Instagram and WhatsApp FTC Could Block Facebook's Plans to Integrate Instagram and WhatsApp
- December 14, 2019

This new privacy-focused vision focused on a few key principles, including user privacy, better encryption, interoperability, secure data storage, and reducing permanence. Worries over Facebook's interoperability policies potentially hindering other services' ability to compete would underlie this action, if it happens, the sources told the Journal . (more...)
Tesla Cybertruck will most likely be classified as a medium-sized pickup truck Tesla Cybertruck will most likely be classified as a medium-sized pickup truck
- December 14, 2019

Elon Musk recently unveiled the electric Cybertruck at an event in Los Angeles on November 21. Interestingly, a picture posted on Twitter by Elon Musk's mother may have revealed his first vehicle. Recalling the incident, Musk said that he was working on the vehicle window because thieves had broken it and stolen the auto radio which was approximately had a worth of $20. (more...)
Qantas Selects A350-1000 for Non-Stop Flights to London and NY Qantas Selects A350-1000 for Non-Stop Flights to London and NY
- December 14, 2019

Qantas is now evaluating the feasibility of ultra-long-haul flights such as non-stop routes from London and NY to Sydney. But Qantas has been pondering making those trips a whole lot more bearable via direct flights from the east coast to both London and NY - even running two trial journeys over the last two months. (more...)
Amazon investment in Deliveroo raises ‘serious’ concerns, CMA says Amazon investment in Deliveroo raises ‘serious’ concerns, CMA says
- December 14, 2019

Deliveroo is a UK-based online food delivery company that has grown rapidly since being founded in 2013. The CMA on Wednesday said that competition could be harmed "in two ways" as a result of the deal. Regulators likely are looking for assurances from Amazon that it won't try to buy Deliveroo outright for five years. The regulator said that the two companies were among the strongest players in the nascent ultra-fast grocery market, as they both have UK-wide delivery networks. (more...)
Europe's new central banker aims to put her stamp on the job Europe's new central banker aims to put her stamp on the job
- December 14, 2019

ECB President Christine Lagarde for now, has used the first ECB press conference to explain as to how the new consideration of the ECB monetary policy's side effects would be reflected in future monetary policy decisions and the cryptocurrency plans. (more...)
November Retail Sales Signaled a Slower Start to the Holiday Shopping Season November Retail Sales Signaled a Slower Start to the Holiday Shopping Season
- December 13, 2019

Sales at electronics and appliance stores increased 0.7 per cent. Receipts at building material stores were unchanged and sales at clothing stores fell 0.6 per cent. What they are saying?: "The retail sales report is flaky, subject to substantial revisions and less reliable than other economic data", said chief economist Chris Low of FHN Financial. (more...)

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