Finance

An open letter to Elon Musk

An open letter to Elon Musk

Asked by Australia's Channel 7 News on Monday whether he was considering taking legal action , the British caver Vernon Unsworth quickly replied. Musk responded with a tweet branding Unsworth ...

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Amazon rolls out Whole Foods discounts for Prime Day

Amazon rolls out Whole Foods discounts for Prime Day

Prime Day is Amazon's global flagship event created for more than 100 million Prime members in 17 countries, including India. Among the " more than one million deals worldwide" Amazon is pro...

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Shares slide amid escalating U.S.-China trade tensions

Shares slide amid escalating U.S.-China trade tensions

The foreign ministry described Washington's threats as "typical bullying" and said China needed to counter-attack to protect its interests. A four-day winning streak for the S&P 500 ended as the...

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Iran tells Trump his tweets raised oil price

Iran tells Trump his tweets raised oil price

They say this is to create greater stability in the market and the domestic economies of member states and to ensure a fair return for investors in the oil industry. Matthew Smith, the director of c...

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China says it rejects ‘threats and blackmail’ ahead of tariffs

China says it rejects ‘threats and blackmail’ ahead of tariffs

Speaking at a weekly news conference, Chinese Commerce Ministry spokesman Gao Feng warned the proposed United States tariffs would hit global supply chains, including foreign companies in the world's ...

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A Favorite Has Emerged For Soon-To-Be Free Agent Dwight Howard

A Favorite Has Emerged For Soon-To-Be Free Agent Dwight Howard

One might expect LeBron James' imminent move to the Los Angeles Lakers would give Kawhi Leonard even more reason to push for a trade to the Lakers, but the opposite may prove true. James' managem...

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Leftist Lopez Obrador Wins Mexico's Presidential Election

Leftist Lopez Obrador Wins Mexico's Presidential Election

With almost three-quarters of the ballots counted, Lopez Obrador had about 53 per cent of the vote - the most for any presidential candidate since 1982, a time when the Institutional Revolutionary ...

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Walmart’s ‘Impeach 45’ apparel sparks boycott and causes social media stir

Walmart’s ‘Impeach 45’ apparel sparks boycott and causes social media stir

The company also sells a wide range of pro-Trump merchandise, including a substantial number of "Make America Great Again" hats. Walmart has come under fire for selling a set of politically-ch...

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Iran to allow private sector to export oil, beat U.S. sanctions

Last week, OPEC countries and other major oil producers that participated in the 2016 Vienna deal agreed on increasing production to one million barrels per day, which is the volume of the countries...

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As Toys ‘R’ Us Closes For Good, Workers Campaign For Severance

As Toys ‘R’ Us Closes For Good, Workers Campaign For Severance

The photo shows the giraffe in an empty Toys "R" Us, holding a suitcase and waving goodbye. It's been a rough year for Toys "R" Us, whose founder Charles Lazarus died aged 94 on March 22, the same d...

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Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

The Thailand plant had no connection with the closure of the Kansas City facility, Harley-Davidson Chief Executive Matt Levatich told Reuters in an interview in February. Trump says he's getting other...

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Trump denies he's to blame for Harley-Davidson decision

Trump denies he's to blame for Harley-Davidson decision

All three say they will be forced to close their plants unless they can get relief from the Trump administration's steel tariffs . What is Harley-Davidson doing? Yet, Harley has warned cons...

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IN officials react to Supreme Court's online sales tax decision

IN officials react to Supreme Court's online sales tax decision

The U.S. Supreme Court has announced their decision on the S. Dakota v. Wayfair case, overturning the long-standing rule that states could not tax businesses or sellers outside of that state's bor...

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NRF applauds online sales tax decision

NRF applauds online sales tax decision

Now, for the first time since 1992, any of the USA states have the right to impose a tax on online shopping. In other words, the plaintiffs have one more opportunity to make any other Commerce Clause ...

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Marijuana Bill C-45 Is Passed: Now What?

Marijuana Bill C-45 Is Passed: Now What?

Federal Bill C-45 still needs royal assent before it becomes law, plus eight to 12 weeks for the provinces to get ready for the retail sales of pot. Now that it's passed through both houses of Parli...

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Saudi MSCI inclusion will raise foreign stock ownership and boost inflows

Saudi MSCI inclusion will raise foreign stock ownership and boost inflows

Foreigners were net buyers of Saudi stocks in nearly every week this year, with net inflows of about 11.4 billion riyals ($3 billion) as of June 7 on aggregate for 2018, according to data compiled...

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Chinese media denounces Trump trade moves as Beijing touts sincerity

Chinese media denounces Trump trade moves as Beijing touts sincerity

Trump's "irrational" move, and stock markets plummeted on fresh fears of a trade war . Although Mr. Trump's audience applauded his comments on tariffs at the annual National Federation of Independe...

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As Europe’s Tariffs on U.S. Goods Take Effect, Trump Threatens Retaliation

As Europe’s Tariffs on U.S. Goods Take Effect, Trump Threatens Retaliation

The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if US President Donald Trump carries out his threat to penalise European cars. "He's right, we make gr...

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Asian markets tumble as Trump tariffs spark trade war fears

Asian markets tumble as Trump tariffs spark trade war fears

The so-called OPEC + group agreed a milestone deal to trim production from January 2017 by 1.8 million barrels a day to clear a global oil glut and shore up low prices. Back in late 2016, OPEC famous...

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China cuts U.S. investments by 92% amid escalating trade war

China cuts U.S. investments by 92% amid escalating trade war

The dollar , yen and Swiss franc rose on Tuesday as traders piled into perceived less risky currencies after US President Donald Trump threatened to slap more tariffs on China, fanning a trade ...

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Merkel rejects ultimatum on migrants, has two weeks to reach European Union deal

Merkel rejects ultimatum on migrants, has two weeks to reach European Union deal

The threatened collapse of Merkel's coalition government comes as the German people have apparently had enough of open doors and are looking to start sending numerous new arrivals back where they ca...

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Elon Musk: Tesla Is a Victim of Sabotage

Elon Musk: Tesla Is a Victim of Sabotage

Tesla (TSLA) stock fell Tuesday, halting a seven-day run, after Chief Executive Elon Musk disclosed an alleged saboteur in the company's ranks and warned short-sellers that their position was going...

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Euro falls on ECB's rate moves, end of QE by 2018

Euro falls on ECB's rate moves, end of QE by 2018

While the Fed and the ECB provided much of the week's central bank fireworks, the Bank of Japan produced no surprises at the end of a two-day policy meeting on Friday and looked set to continue its ma...

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Elon Musk's Company To Build Chicago-To-O'Hare High-Speed Underground Transport

Elon Musk's Company To Build Chicago-To-O'Hare High-Speed Underground Transport

Elon Musk's venture was picked to finance and build an express train from the downtown Loop neighborhood to Chicago's O'Hare International Airport, Mayor Rahm Emanuel announced . Construction and f...

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5 latest North Korea summit developments: What you missed overnight

5 latest North Korea summit developments: What you missed overnight

After a 24 hour break from Twitter as he traveled to Singapore and settled into his hotel, around 9 a.m. local time on Monday (Sunday night in the U.S.), Trump threw some more punches at Canad...

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Commerce Secretary: US Has Reached Agreement With China's ZTE

Commerce Secretary: US Has Reached Agreement With China's ZTE

The company settled criminal and civil charges past year in connection with violating US sanctions against Iran and North Korea. Of those, $1 billion is the fine and $400 million will be in escrow in ...

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I’ll know ‘within first minute’ if North Korea is serious at summit

I’ll know ‘within first minute’ if North Korea is serious at summit

A worker of a media center for the summit between the U.S and North Korea shows fans featuring the images of U.S. President Donald Trump (L) and North Korean leader Kim Jong Un , which provided...

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Mexico takes aim at Trump and USA midterm elections

That led to threats of retaliation. The EU also attends. As of May 31, they've all expired, and the USA government decided not to renew them. He also says he relayed that message to a senior mem...

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Billionaire Industrialist David Koch Retires From Business and Politics

Billionaire Industrialist David Koch Retires From Business and Politics

The tariff increases are created to hit areas that are politically favourable to Trump, such as pork production, Mexican experts said . Both Mexico and Canada unveiled the new round of tariffs ag...

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Brent premium over WTI hits new 3-year high

Brent premium over WTI hits new 3-year high

With news from the Energy Information Administration that US crude production earned a new monthly record by jumping 215,000 barrels per day (bpd) to 10.47 million bpd in March, West Texas Interme...

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