Money

by | August 09, 2018 | 03:28

The market was also bolstered by a report on Tuesday from the American Petroleum Institute (API), which said crude inventories fell by 6-million barrels in the week to August 3 to 407.2-million. USA crude stockpiles were also expected to have dropped last week. Total volume traded was about 48 per cent below the 100-day average. At 0244 GMT, September WTI crude oil futures are trading $68.81, up $0.32 or +0.47% and October Brent crude oil is at $73.58, up $0.37 or +0.51%.

by | August 08, 2018 | 22:44

Lawyers said every word of Musk's tweets will be examined, including why he used words like "considering", to determine whether he might have tried to inflate the stock price to blow out short-selling investors, a longtime foe. Shares of electric car-maker Tesla opened slightly lower on Wednesday, one day after a proposal to go private pushed the company's stock near an all-time high .

by | August 08, 2018 | 20:24

Ford. The province is hoping brewers will get on board with the buck-a-beer plan and incentives will be offered for those who do. Ford, who was joined by Minister of Finance, Vic Fedeli, and Minister of Government and Consumer Services, Todd Smith, announced that, effective August 27, Ontario's Government for the People will lower the minimum price floor to $1.00 for any beer with an alcohol volume below 5.6 per cent.

by | August 08, 2018 | 12:56

The move is in response to threats by the Trump administration to raise the tariff rate on an additional $200 billion worth of Chinese goods. Trump suggested that his use of tariffs has directly damaged the Chinese economy, something that he said would continue unless they agreed to his demands, which includes allowing more US exports and investments.

by | August 08, 2018 | 08:28

The possibility sent the TSLA stock up +7.39% at the time it was halted . The company is still working its way out of what Musk called "production hell" at its home factory in Fremont, California, where a series of manufacturing challenges delayed the ramp-up of production of its new Model 3 sedan, on which the company's profitability rests.

by | August 07, 2018 | 22:11

Tesla did not respond to a request for comment immediately. "It's not easy to take a company that's losing money private", Galloway said. At a share price of $420, Electrek points out that taking Tesla private would be a costly decision , to the tune of some $70 billion.

by | August 07, 2018 | 21:56

But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under sheets of toilet paper. Law enforcement officials told WNBC the discovery was made in a bathroom of an American Airlines plane that landed at the Queens hub after leaving Charlotte Monday night.

by | August 07, 2018 | 16:01

Apparently not satisfied with access to its users' call history , text messaging data, and online conversations, Facebook has reportedly asked major Wall Street firms like JPMorgan Chase and Wells Fargo to hand over their customers' sensitive financial data as part of the social media giant's ongoing attempt to become "a platform where people buy and sell goods and services".

by | August 06, 2018 | 18:41

He was elevated to president in September of past year and was widely expected to succeed Nooyi, though at the time of his appointment Nooyi said she would remain CEO "for the foreseeable future". "Her leadership and vision propelled our performance, transformed our company and embedded sustainability into everything we do", PepsiCo said. In India, Nooyi played cricket as well as lead guitar in a rock band before heading to the Yale School of Management in 1978, according to Freakonomics ...

by | August 06, 2018 | 11:43

Around this time a year ago, McGregor was in Los Angeles alongside Floyd Mayweather at a massive press event . Nurmagomedov, whose rise to prominence has been more of a slow burner in comparison to McGregor, was touted as an opponent when his foe first became lightweight champion.

by | August 06, 2018 | 06:31

The ministry reiterated that since the USA has ignored the interests of companies and consumers in both countries, China has to take the necessary countermeasures to safeguard the dignity and interests of its people, defend free trade and the multilateral system, and ensure the common interests of all the countries of the world.

by | August 06, 2018 | 00:52

Furthermore, Weekly Distillate Stocks rose by 2.983 million barrels and Gasoline inventories dropped by 2.536 million barrels, coming in above prior surveys. China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday .

by | August 05, 2018 | 20:10

Mortgage rates have also increased in the past year, lifting monthly payments and making many homes even less affordable. The jobless rate had risen in June from an 18-year low of 3.8 percent in May. The 3.9% unemployment rate suggests workers are in short supply. The employment picture's been pretty rosy lately, with average job growth above 200,000 a month since mid-spring and more people coming back into the labor market.

by | August 05, 2018 | 19:44

EMIs on home, auto and two-wheeler loans are set to cost more as the Reserve Bank of India ( RBI ) on Wednesday raised key lending rates on the back of higher inflationary risks and fears of global volatility such as currency wars. Economists say that more rate hike could be on the cards this year. "The impact of the rate hike will be seen with a lag effect, giving the RBI time to decide on the next course of action", he added.

by | August 05, 2018 | 16:40

They said they remained committed to the 2015 accord and to building up economic relations with Iran, including "the continuation of Iran's export of oil and gas" and other energy products. On August 7, Washington will reimpose sanctions on Iran's purchase of USA dollars, its trade in gold and precious metals and its dealings with metals, coal and industrial-related software.

by | August 04, 2018 | 18:25

Meanwhile, Brent lost almost $11 over three sessions spread throughout the first four weeks of July. "The risk premium for Brent is definitely on right now given the war of words we've seen against Iran - in general, political instability", said Ashley Petersen, lead oil analyst at Stratas Advisors in NY.

by | August 04, 2018 | 14:15

Some analysts believe e-commerce leader Amazon .com will supplant Apple as the world's most valuable company in the next year or two as its spreading tentacles reach into new markets. It's only taken Apple 42 years to get almost as big as Canada. Yahoo Finance mistakenly displayed that Apple's worth had surpassed $1tr by displaying an outdated number earlier in the day, causing widespread confusion across the market.

by | August 04, 2018 | 12:43

It's the same story for liquefied natural gas (LNG), with only one USA cargo booked for arrival in August, and it departed the Gulf of Mexico on July 1, before much of the current escalation in the trade dispute. Increasing the pressure on China by threatening even higher tariffs could backfire. The United States and China trade goods and services worth about $650 billion each year, the largest trading relationship in the world between two countries.

by | August 04, 2018 | 10:26

The U.S. president has accused China and others of exploiting the United States in global trade, and has demanded Beijing make a host of concessions to avoid the new duties on $200 billion of Chinese goods, which could be imposed in the weeks after a comment period closes on September 5.

by | August 04, 2018 | 00:44

The row over Brunson escalated last week when US Vice President Mike Pence, like the pastor an evangelical Christian, said Turkey would face "significant sanctions" if this "innocent man of faith" was not freed. "The decision, which disrespectfully intervenes in our judicial system, will seriously damage the constructive efforts made in order to resolve problems between the two countries", Ankara's foreign ministry said.

by | August 03, 2018 | 20:11

The trade war between the two superpowers has escalated in recent months after Donald Trump's administration imposed tariffs on $34bn of Chinese goods in July. "The US side has repeatedly escalated the situation against the interests of both enterprises and consumers". He has previously warned he is prepared to "go to 500", a reference to the £384bn ($500bn) worth of goods Chinese firms sold to the United States previous year.

by | August 03, 2018 | 17:40

But that peak coincided with a Chinese stock-market bubble, and PetroChina's shares would lose $800 billion in value over the next 10 years. One of those is Canada , but Apple isn't that far behind us now. The tech giant had relatively flat iPhone sales but increased its revenue thanks largely to higher-priced models including the iPhone X , with a list price of just under $1,000.

by | August 03, 2018 | 08:49

For the second consecutive time, the six-member MPC headed by RBI Governor Urjit Patel has hiked the key policy repo rate by 25 basis points. The Bank of England pushed interest rates above their financial crisis lows on Thursday but signalled it was in no hurry to raise them further with an uncertain Brexit on the horizon.

by | August 03, 2018 | 06:46

The tech company's stock jumped 2.8 percent to as high as $207.05, bringing its gain to about 9 percent since Tuesday when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares. Apple sits atop a USA stock market that has become dominated by technology-centered companies: Amazon, Google's parent Alphabet, Microsoft and Facebook round out the top five in market value.

by | August 03, 2018 | 00:25

In April, Gov. Scott Walker used a partial veto to extend the period to five days. That's because the new 0.45-cent sales tax bill passed by the Legislature and signed into law by Gov. Over the weekend, people across the state of MS hit the racks for Tax Free Weekend. Qualifying Energy Star or WaterSense products (must be purchased for noncommercial or personal use): $2,500 or less per item.

by | August 02, 2018 | 22:31

Initially, it was 2 individuals who posted claims to food-safety website iwasposioned.com, but now that number has increased to more than 170 people since the news was first reportedby Business Insider . The plaintiff said he is still receiving medical treatment. "We acted quickly and closed this single restaurant out of an abundance of caution yesterday".

by | August 02, 2018 | 22:23

The White House on Wednesday proposed a 25 percent tariff on $200 billion worth of Chinese goods, more than double the 10 percent tax rate originally planned. While American and Chinese officials have hinted at the possibility of restarting talks in recent weeks, it's been nearly two months since they last held high-level negotiations.

by | August 02, 2018 | 20:09

Apple has won the race to a $1 trillion valuation ahead of its so-called FAANG rivals ( Facebook , Amazon , Netflix , Google ). Amazon's market cap stands at around $877 million, while Alphabet's is $851 million and Microsoft is worth about $822 million.

by | August 02, 2018 | 12:50

A health alert has been issued for two dozen types of salads and sandwich wraps that may contain lettuce infected with a fecal parasite. The salads and wraps were produced between July 15 and 18 and the "Best by", "Enjoy by", "Best if sold by" or "Sell by" dates will range between July 18 and July 23.

by | August 02, 2018 | 11:21

Several analysts had predicted a widening loss for Tesla . But on Wednesday, a contrite Mr Musk apologised to both and said he was exhausted from working more than 110 hours per week last quarter. The Model 3 was originally hailed as affordable at $35,000, but Tesla is only selling higher-end versions of the auto at the moment. Tesla stock climbed as much as 5.7 per cent to US$317.95 as of 5 p.m.in NY.

by | August 02, 2018 | 07:57

On July 25, Brunson was moved from prison and placed under house arrest. "The sanctions target just two cabinet of the Erdogan government while leaving the rest of the Turkish economy intact", said Jonathan Schanzer, a former Treasury Department official who's now senior vice president at the Foundation for Defense of Democracies think tank.

by | August 01, 2018 | 14:40

China's Huawei Technologies overtook Apple Inc to become the world's second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe and expanded its lead back home. A flawless storm of sales and big-name new phone releases made OnePlus win the quarter for premium device sales in India in Q2 2018. With likes of Oppo, Huawei , Vivo and Google looking to be aggressive in Rs 40,000-60,000 segment in coming quarters, pressure on ...

by | August 01, 2018 | 02:03

Apple's enormous cash pile actually shrank by $23 billion during the quarter, giving the company $243 billion in cash and liquid assets. Apple is closing in on a $1 trillion market cap following a strong third-quarter earnings report that exceeded Wall Street's projections.

by | August 01, 2018 | 00:53

MoviePass wasn't flawless, but ostensibly, they were trying to make the movie-going experience accessible to everyone, and were met with angry entitlement. Lowe's announcement at the all-hands meeting came on the heels of an open letter on Friday in which he said, "As we continue to evolve the service, certain movies may not always be available in every theater on our platform".

by | July 31, 2018 | 23:28

Apparently, the homeless web developer got his Bachelor of Business Administration degree in Management Informations Systems from Texas A&M University . "This is my make or break moment". Jasmine Scofield was driving in Mountain View, California, on Friday and spotted a man standing by the side of the road with an unusual sign.