World markets down after arrest of Huawei executive

The Trump administration says they benefit from improper subsidies and market barriers. The arrest coincided with a highly anticipated meeting between Chinese President Xi Jinping and US President Donald Trump in Buenos Aires that resulted in a 9... More..

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USA becomes net oil exporter as imports hit record low
by | Friday, December 07, 2018

USA becomes net oil exporter as imports hit record low

Oil was down $59.48 a barrel on Thursday, after a planned Opec press conference on the group's deal failed to materialise. A cut from between 1 million to 1.4 million barrels per day is being expected by oi...More..

China 'confident' it can reach USA trade deal
by | Friday, December 07, 2018

China 'confident' it can reach USA trade deal

Questions began to swirl after China's foreign minister read a statement Saturday in Buenos Aires that said Washington agreed to halt tariff hikes. However, it still remains unclear when the purchases will ...More..

Trump says US-China ties make 'BIG leap forward'
by | Thursday, December 06, 2018

Trump says US-China ties make 'BIG leap forward'

That would still take effect if the sides can not agree to a larger trade deal within the three-month window. After the 2-1/2 hour meeting, White House chief economist Larry Kudlow told reporters the talk...More..

Trump's China vehicle tariffs claim sows confusion
by | Wednesday, December 05, 2018

Trump's China vehicle tariffs claim sows confusion

President Donald Trump announced that China agreed to reduce and remove tariffs on imported cars on Sunday. With the pause in place, . the 90-day period begins on January 1st, . "Both parties agree that the...More..

Massive ground beef recall doubles to more than 12 million pounds
by | Wednesday, December 05, 2018

Massive ground beef recall doubles to more than 12 million pounds

This is a significant increase from October, by which time officials had determined 57 people from 16 states had fallen ill. The company initially recalled over 6.5 million pounds of beef in October. The com...More..

The market now loves Jay Powell
by | Monday, December 03, 2018

The market now loves Jay Powell

Stay tuned until February, the next time the report will be released. On the economic front, USA real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter, down from a ...More..

Facing threat of U.S. tariffs, Apple loses top valuation crown to Microsoft
by | Sunday, December 02, 2018

Facing threat of U.S. tariffs, Apple loses top valuation crown to Microsoft

Considering that not long ago Apple (and Amazon not too long after) broke $1 trillion valuation, it has come a long way down since then, due in part to Apples latest (and most expensive) smartphones (XR, XS, ...More..

Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook
by | Saturday, December 01, 2018

Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

In its report, the Fed warned that markets and financial firms will need to continue to adjust to plans for future rate hikes after years of low interest rates following the financial crisis. "It's importan...More..

Plants Close as Economy Grows — Trump Slams GM
by | Saturday, December 01, 2018

Plants Close as Economy Grows — Trump Slams GM

Trump is fighting back. Following Trump's tweets on Tuesday afternoon, a person familiar with GM's financials told CNN Business that the only federal government subsidy GM now receives is a tax credit up ...More..

Deutsche Bank offices searched in Panama Papers probe
by | Friday, November 30, 2018

Deutsche Bank offices searched in Panama Papers probe

Speaking about the latest investigation, a Deutsche Bank spokesman said: 'Of course, we will cooperate closely with the public prosecutor's office in Frankfurt , as it is in our interest as well to clarify t...More..

Saudi Crown Prince to Risk Arrest at G20
by | Wednesday, November 28, 2018

Saudi Crown Prince to Risk Arrest at G20

The two held talks on Tuesday before the king continued on to Tunisia . Moreover, Corker said that they may look at "additional legislation" targeting the crown prince, potentially even by attaching spending l...More..

Trump rejects findings of USA government climate change report
by | Wednesday, November 28, 2018

Trump rejects findings of USA government climate change report

The damning report, known as the National Climate Assessment , says that the consequences of climate change will leave no part of the US untouched and that the warming climate will increase wildfires, crumble ...More..

Apple could 'ultimately mitigate' Trump's tariffs, UBS says (AAPL)
by | Wednesday, November 28, 2018

Apple could 'ultimately mitigate' Trump's tariffs, UBS says (AAPL)

In New York, Apple Inc was down 0.5 per cent after Trump said tariffs could also be placed on laptops and iPhones imported from China. At the G20 meeting in Buenos Aires on November 30, Trump and Chinese Pr...More..

B.C. government says demand, safety behind long-awaited riding hailing plan
by | Friday, November 23, 2018

B.C. government says demand, safety behind long-awaited riding hailing plan

He said no other jurisdiction in Canada sets controls on pricing or vehicle supply. Allowing services such as Uber and Lyft into the province by the end of 2017 was a promise the N-D-P made during the last ...More..

Skype calling comes to Alexa devices, furthering Amazon and Microsoft’s surprising partnership
by | Friday, November 23, 2018

Skype calling comes to Alexa devices, furthering Amazon and Microsoft’s surprising partnership

Make sure the person you're calling has the latest version of Skype . You can call friends and family in up to 150 countries worldwide with Skype , and for a limited time when you link up your account with ...More..

Dow dives 2.2%, moves into the red for 2018
by | Friday, November 23, 2018

Dow dives 2.2%, moves into the red for 2018

The Dow Jones Industrial Average gave up 551.80 points, or 2.2 percent, to 24,465.64. The S&P 500 index fell 47 points, or 1.8 percent, to 2,688 as of 3:40 p.m. Traders work at the New York Stock Exchange i...More..

Bitcoin Dropped Momentarily Below $5K
by | Wednesday, November 21, 2018

Bitcoin Dropped Momentarily Below $5K

Other cryptocurrencies also fell sharply, with Ethereum's ether losing 10 percent and Ripple's XRP down 13 percent in a largely sentiment-driven slide. Although its price has fallen slightly today, it has...More..

French Protests Against Gas Tax Lead to One Dead, 50 Wounded
by | Sunday, November 18, 2018

French Protests Against Gas Tax Lead to One Dead, 50 Wounded

Injuries were reported in other areas as some drivers confronted protesters or tried to force their way through blockades. Police used tear gas to disperse protesters on the Champs-Elysees, RT France said ...More..

Lion Air crash: Victim's fiancée takes wedding photos alone
by | Saturday, November 17, 2018

Lion Air crash: Victim's fiancée takes wedding photos alone

I have to stay strong as you always said to me. The couple had been together for 13 years, and Ms Syari describes her late partner as her "first love". Even though this problem was - according to investigator...More..