Markets

Tesla Roadster SpaceX Package Will Be Insane

Tesla Roadster SpaceX Package Will Be Insane Musk says that the SpaceX package could contain as many as 10 thrusters "arranged seamlessly around the vehicle". Speaking on Twitter, he confirmed that the rockets would actually be powered by SpaceX technology and would result in the Tesla Roadster's rear seats being removed to allow for the technology to fit. [Full Article...]

Despite drop in inflation food prices stay high -- NBS

Ruth Gregory, senior United Kingdom economist at Capital Economics said oil prices are expected to fall later this year and overall "the inflation figures have not altered our view that the [Bank of England's] MPC will probably press ahead and raise interest rates in August". [Full Article...]

Dieselgate: Volkswagen fined €1 billion by German government

Dieselgate: Volkswagen fined €1 billion by German government The company said it won't be appealing the fine, one of the highest ever imposed by Berlin. " Volkswagen AG , by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome", the statement noted . [Full Article...]

Oil Prices Are Too High

OPEC itself spotlighted United States output in its own monthly report on Tuesday, citing the growth of non-OPEC supply as one of several question marks hanging over the situation. Saudi Arabia last month signaled it was ready to boost output in the second half of the year to ease consumer anxiety about higher prices, a policy U-turn for the kingdom that only weeks earlier advocated for production... [Full Article...]

Fed raises key interest rate, suggests more hikes coming

Fed raises key interest rate, suggests more hikes coming Powell faces a tricky balancing act as the Fed attempts to bring interest rates toward historical averages. To be sure, the Fed is not inclined to hike rates any more than gradually after years of mostly over-optimistic predictions for inflation and economic growth, and disappointing wage gains of around 2.5 percent annually. [Full Article...]

United States, Canada and Mexico awarded 2026 World Cup

Peter Montopoli, the general secretary of the Canadian Soccer Association and Canada's bid director, said it will be 100 per cent natural grass, meaning temporary surfaces will have to be installed in stadiums with artificial turf. The bribery scandal put the governing body on the brink, Infantino told the congress ahead of Wednesday's vote. "Both bids were of a very high quality and we we... [Full Article...]

Price manipulation caused Bitcoin's huge 2017 surge, researchers say

Price manipulation caused Bitcoin's huge 2017 surge, researchers say The prices climbed faster on exchanges the dealt in Tether than on those that didn't. Price manipulation and collusion may be to blame. "We investigate whether Tether is primarily demand-driven from investors, or supply-driven by Tether issuers pushing the currency on the market". [Full Article...]

Italy summons French Ambassador amid migrant boat row

Salvini called on France to apologise and said he was not prepared to take criticism from a country that regularly stopped migrants on their shared border. "Spain wants to report us, France says I'm "nauseating". Salvini insisted Tuesday that the country's ports would no longer be open to foreign boats carrying migrants. [Full Article...]

Patent suggests AI learning could be used to identify drunk Uber passengers

Patent suggests AI learning could be used to identify drunk Uber passengers This will take into account typos, how precisely links and buttons are pressed, walking speed, and also how long it takes to request a ride. To analyze the speed and accuracy of typing the address, the angle of the device, the location and velocity of the potential passenger. [Full Article...]

Fed raises interest rates and signals faster hikes on the way

Fed raises interest rates and signals faster hikes on the way The Fed has raised rates seven times since late 2015 on the back of the economy's continuing expansion and solid job growth, rendering the language of its previous policy statements outdated. Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. Unemployment is already at 3.8 percent, the lowest since 2000, and the Fed believes it will fall to 3.6 percent ... [Full Article...]

Trump Calls War Games 'Provocative', Vows Suspension; US Allies React

Trump Calls War Games 'Provocative', Vows Suspension; US Allies React After arriving back in the U.S., the president also tweeted that "everybody can now feel much safer". Even as Washington agreed to suspend joint USA and South Korean military exercises as the country pursues peace with North Korea and the denuclearization of the Korean peninsula, Seoul is modernizing its military and purchasing new missiles and fighter aircraft. [Full Article...]

Canadian lawmakers condemn US attack on Trudeau

Canadian lawmakers condemn US attack on Trudeau Trump left Quebec before the G-7 summit had ended to head to Singapore , ahead of a highly anticipated meeting with North Korean leader Kim Jong Un, a longtime foe of the United States. As we've argued elsewhere , Trump appears to be targeting allies as a means of rupturing their mindset-convincing them that they are no longer deserving of American coddling just because of their geopolitical st... [Full Article...]

Uber driver suspended after ‘kicking out a lesbian couple for kissing’

Uber driver suspended after ‘kicking out a lesbian couple for kissing’ The PDA was too much for the driver, who pulled the auto over on Canal St.as it reached the other side of the Manhattan Bridge.The experience opened the couple's eyes to how pervasive prejudice can be. "I think, for both us, it was just a shock, not really knowing what to say", Pichl said. "Don't f***ing touch her", Ms Iovine is heard saying in the clip. [Full Article...]

Trump declares oil prices 'too high', blames Opec

The Organization of the Petroleum Exporting Countries and some non-OPEC producers, including Russian Federation, started withholding output in 2017 to reduce a global supply overhang and prices have risen by around 60 percent over the previous year. [Full Article...]

Toyota to Buy $1 Billion Grab Stake in Push to Ride Hailing

Toyota to Buy $1 Billion Grab Stake in Push to Ride Hailing Toyota Motor Corp has agreed to invest USD1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc. [Full Article...]

Dixons Carphone reveals data breach affecting 5.9 million customers

Dixons Carphone reveals data breach affecting 5.9 million customers Video: Equifax teaches us what not to do after a data breach . The company does not reveal when its systems were compromised; nor exactly when it discovered the intrusion; nor how long it took to launch an investigation - writing only that: "As part of a review of our systems and data, we have determined that there has been unauthorised access to certain data held by the company". [Full Article...]

ZTE Dives After Agreeing to $1 Billion Fine and Major Revamp

ZTE Dives After Agreeing to $1 Billion Fine and Major Revamp Confirming details of the US deal, ZTE said late on Tuesday it would replace its board of directors and that of its import-export subsidiary ZTE Kangxun within 30 days of the June 8 order being signed by the United States. The move by senators on Monday to include it in the annual must-pass defense bill came just hours before Trump meets with North Korean leader Kim Jong Un. [Full Article...]

Daimler ordered to recall almost 774,000 diesels in Europe for emissions software

Daimler ordered to recall almost 774,000 diesels in Europe for emissions software Afterwards he said the ministry had ordered the "immediate" recall of Daimler models in Germany because they contained "illegal shutdown devices". The German transport Ministry, the Kraftfahrt-Bundesamt ( KBA ), has ordered the carmaker to recall 238,000 vehicles to rectify unauthorised diesel emissions cheating software. [Full Article...]

Donald Trump lashes out at America's key allies

Donald Trump lashes out at America's key allies US President Donald Trump has renewed his attacks on America's closest allies following the divisive G7 summit in Canada at the weekend. The motion calls on the House to recognize the importance of Canada's "long-standing, mutually beneficial trading relationship" with the US, "strongly oppose" the "illegitimate tariffs" imposed on steel and aluminum, stand "in solidarity" with the Trudeau gov... [Full Article...]

Judge approves AT&T-Time Warner deal

Judge approves AT&T-Time Warner deal The Trump Justice Department sued to block the $85 billion merger, arguing that it would hurt competition in pay TV and cost consumers more to stream TV and movies. The companies then entered into discussions with the DOJ past year and rumors surfaced that the agency had suggested some divestitures in order for AT&T to avoid an antitrust lawsuit. [Full Article...]


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