Markets

‘Will not back down’: Canada imposes billions in retaliatory tariffs against US

‘Will not back down’: Canada imposes billions in retaliatory tariffs against US In May, when the USA said it would not extend exemptions from the tariffs to Canada and Mexico, it said those talks were moving too slowly. Canada announced Friday, June 29, billions of dollars in retaliatory tariffs against the U.S.in response to the Trump administration's duties on Canadian steel and aluminum, saying Friday it won't back down. [Full Article...]

Bed Bath & Beyond aims to reduce core inventory

Bed Bath & Beyond aims to reduce core inventory If we look at the past company's performance moves, then it recent movement are telling different stories about price movement in different time period. Revenues of $2.8 billion were more or less in line with expectations. The stock closed at $34.61 by scoring -3.51%. Considering that the stock recent volume of 14773374 shares, this represents a pretty noteworthy trading in volume size. [Full Article...]

Donald Trump claims on Twitter that Saudi Arabia will boost oil production

President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production , "maybe up to 2,000,000 barrels" in response to turmoil in Iran and Venezuela . Iran and Venezuela are also OPEC members, and are likely to be angered by any increase. "I think the difficulty for them is to distinguish what is a real ask from ... [Full Article...]

Tehran rejects USA call to cut Iran oil exports to zero

Tehran rejects USA call to cut Iran oil exports to zero Saudi Arabia can thus say that this meeting was successful because OPEC will increase its output and Iran can explain that its position has been validated because the organization will respect its previous commitments. Paul Horsnell Head of Commodities Research at Standard Chartered said there could be a further 1.5 million to 2.3m b/d drop by the end of this year just from those three countries. [Full Article...]

Trump says Saudi Arabia will boost oil production up to 2M barrels

Saudi Arabia , meanwhile, is planning to pump as much as 11 million barrels per day (bpd) of oil this month, about 1 million more than it is producing now, an industry source told Reuters this week. Vienna-based consultancy JBC Energy said the stronger the implementation and enforcement of USA sanctions, the higher the oil price will go. "Triple-digit oil prices are not off the table", Vienn... [Full Article...]

Delta Airlines Attendant Doesn't Like "Attitude", Kicks 5 Passengers Off Flight

Delta Airlines Attendant Doesn't Like As Rogers argued that she did switch it to the right setting, the flight attendant said: 'Now you have. "I told her 'I know how to turn on airplane mode, you don't have to stand over me , '" Rodgers said in the post . Rodgers insisted that she complied with the request but was still told she would be booted from the flight. In another video in the Instagram post, one person said it was unc... [Full Article...]

Adidas Announces Data Breach

Adidas Announces Data Breach The company says it became aware of the breach on Tuesday, June 26, when it learned that an unauthorized party was claiming to have acquired the details of Adidas customers. "We are alerting certain consumers who purchased on adidas.com/US about a potential data security incident". The brand says it's now working alongside "leading data security firms and law enforcement authorities" to get to t... [Full Article...]

Toys R Us closes final stores Friday

Toys R Us closes final stores Friday Privately held toy retailer Toys R Us has canceled a $1.1 billion loan deal that was meant to refinance its debt and reduce borrowing costs, Bloomberg reported on Monday. Strategic Marks, a company that owns the KB Toys brand, plans to open 1,000 pop-up KB Toys stores for Black Friday and the 2018 holiday season, CNN reported . [Full Article...]

GM may slash American jobs because of Trump tariffs

And Toyota Motor North America said the tariffs "would have a negative impact on all manufacturers, increasing the cost of imported vehicles as well as domestically produced vehicles that rely on imported parts" - such as the company's Kentucky-built Camry. [Full Article...]

Automakers to warn Trump of higher vehicle costs if tariff imposed

Automakers to warn Trump of higher vehicle costs if tariff imposed Those are just some of the findings from study by the Peterson Institute for International Economics. This firm's analysis estimates that if other countries retaliate with tariffs, then American job losses would likely increase to 624,000. [Full Article...]

KETCHUP, LAWN MOWERS AND PLAYING CARDS: Feds list U.S. tariff targets

KETCHUP, LAWN MOWERS AND PLAYING CARDS: Feds list U.S. tariff targets Freeland will also reveal the complete, updated list of US products and industries that Ottawa intends to target with its own barrage of retaliatory tariffs, which go into effect Sunday. In addition, the government will help affected workers through the Employment Insurance program. Ottawa is also promising to boost funding for the provinces and territories to increase job and training programs,... [Full Article...]

Chevrolet Volt Offers Faster Charging And New Tech Features

Chevrolet Volt Offers Faster Charging And New Tech Features Starting with the charging system, the 2019 Chevy Volt can be recharged in nearly half the time that it took before thanks to a new 7.2 kW charging system. In addition to the new charging system, the 2019 Volt offers a number of enhancements created to improve convenience and help owners get more out of their all-electric driving experience. [Full Article...]

Crude oil continues to run. Up 1.9% on the day

Crude oil continues to run. Up 1.9% on the day Administration looks determined to choke off as much Iranian oil exports as possible. Iran is now India's third largest supplier, after Iraq and Saudi Arabia. would continue to try and work with its partners and allies to make sure that Iran was being pushed to be a good, accountable global neighbour. While obtaining alternative supplies would not be hard, it would increase the margins as Iran... [Full Article...]

Australia, NZ Central Banks Shun 'Volatile' Digital Currencies

Australia, NZ Central Banks Shun 'Volatile' Digital Currencies Richards also added that, given the low usage of cryptocurrencies in Australia , they wouldn't have any significant impact on the RBA's oversight of monetary policy and the banking system. "Bitcoin and other cryptocurrencies are also now not very useful as a medium of exchange for everyday purchases". "Based on our interactions with our counterparts in other countries, it is also not front of... [Full Article...]

The UK Is Rationing Beer Because of a CO2 Shortage

The UK Is Rationing Beer Because of a CO2 Shortage The bottler, which handles United Kingdom distribution for companies including The Coca-Cola Co, said today it has "paused" production on some of its lines for short periods to counteract Carbon dioxide supply issues. An worldwide shortage of carbon dioxide gas (CO2) is starting to bite the European food and drink industry. "If things don't alter this week, we're going to see people having to ... [Full Article...]

Trump breaks ground on site of new Foxconn factory

Thompson is an avid Harley rider and used to say that Wisconsin is the state where "Harley's roar". "It's the largest taxpayer subsidy of a foreign corporation in US history by a state, and I think a lot of people in Wisconsin are skeptical about this kind of economic development in general", says Gordon Hintz, Democratic leader of the state assembly. [Full Article...]

Opposition slams BJP govt for rise in Swiss bank deposits in 2017

Opposition slams BJP govt for rise in Swiss bank deposits in 2017 According to the SNB data, the total funds held by Indians directly with Swiss banks rose to 999 million Swiss franc (Rs 6,891 crore) in 2017, while the same held through fiduciaries or wealth managers increased to CHF 16.2 million (Rs 112 crore). [Full Article...]

Amazon Invites Startups to Help It Deliver

Amazon Invites Startups to Help It Deliver Amazon is trying to expand its network of package-delivery couriers by offering several incentives, including discounts on vehicles and fuel, to new business owners who want Prime delivery jobs. Amazon has built up a fleet of more than 6,000 trailers and almost three dozen cargo jets to bulk up its long-range delivery network. According to the tech behemoth, these delivery partners can acc... [Full Article...]

Boeing unveils plans for ‘hypersonic’ plane to slash global travel times

Boeing unveils plans for ‘hypersonic’ plane to slash global travel times Boeing revealed its new aeroplane plans at the 2018 American Institute of Aeronautics Aviation , telling audiences that it has a travel speed of 6500km/h. "For the business traveler or the military, where time is really important, that's an interesting point". A brand-new hypersonic plane design has been released by Boeing that could travel at speeds up to 6,500km per hour and take passeng... [Full Article...]

Facebook, Google and Microsoft accused of breaching GDPR with 'unethical' user manipulation

Facebook, Google and Microsoft accused of breaching GDPR with 'unethical' user manipulation For example, Facebook warns anyone who wishes to disable facial recognition that doing so means that the firm "won't be able to use this technology if a stranger uses your photo to impersonate you". "We're constantly evolving these controls based on user experience tests - in the last month alone, we've made further improvements to our Ad Settings and Google Account information and controls". [Full Article...]


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