It will be tough for Trump's SEC to overhaul reporting rules

While some business leaders have groaned about the rigors associated with having to meet targets and metrics four times a year, the SEC has been reticent to make any changes. US President Donald Trump's proposal, released via Twitter , would do ... More..

by | Published more than a month ago
by | Friday, August 17, 2018

Pres. Trump: We Won't Pay For Pastor's Release Because He's Innocent

The White House has said that Turkey's tariff hikes on U.S. products in retaliation for sanctions against Ankara were "regrettable" and again called for the immediate release of American pastor Andrew Br...More..

Trump attacks Turkey, vows to pay 'nothing' for United States pastor's release
by | Friday, August 17, 2018

Trump attacks Turkey, vows to pay 'nothing' for United States pastor's release

The announcement follows Turkish President Recep Tayyip Erdoğan's call for a boycott of US electronics, including Apple's iPhones to counter Trump's actions to ramp up pressure on Turkey to release Brunso...More..

Turks mobilized to boycott USA products amid strong dollar, deepening split
by | Thursday, August 16, 2018

Turks mobilized to boycott USA products amid strong dollar, deepening split

Turkey has sharply raised tariffs on USA imports, including passenger cars, alcohol and tobacco. The promise of an investment package comes after Qatar's Emir Tamim bin Hamad Al-Thani met with President Tayyi...More..

Oil holds gain as Iran concerns counter bearish United States rigs report
by | Wednesday, August 15, 2018

Oil holds gain as Iran concerns counter bearish United States rigs report

Oil prices spiked in May when Trump announced that he was imposing sanctions on Iran and leaving the Joint Comprehensive Plan of Action (JCPOA). Oil prices decreased on Monday as data showed that inventorie...More..

Turkey to boycott USA products including iPhone, says Erdogan
by | Wednesday, August 15, 2018

Turkey to boycott USA products including iPhone, says Erdogan

The Turkish lira has lost more than 45 percent of its value since 2017. Because of the currency storm and the possibility that access to materials, and to export markets will be disrupted at the Turkish p...More..

Turkish currency crisis adds to misery of Indian rupee
by | Tuesday, August 14, 2018

Turkish currency crisis adds to misery of Indian rupee

Kapil Sibal, former HRD minister, "congratulated" the prime minister for doing what the Congress could not for 60 years with regard to the rupee value. The rupee had settled at 68.84 against the USA dollar last...More..

U.S. pastor in Turkey appeals for release, end to travel ban -lawyer
by | Tuesday, August 14, 2018

U.S. pastor in Turkey appeals for release, end to travel ban -lawyer

The central bank has, however, always been at odds with President Erdogan, a self- described "enemy of interest rates", who persistently called for lower rates in Turkey to fuel credit growth and economic exp...More..

Saudi Arabia might be interested in helping Tesla go private
by | Monday, August 13, 2018

Saudi Arabia might be interested in helping Tesla go private

Musk wrote that he left the meeting with "no question " that a deal could be closed with the Saudi fund to take Tesla private. Recently, Tesla CEO Elon Musk tweeted he was considering taking the comp...More..

Trump OKs stiffer tariffs on Turkish metals as lira plummets
by | Saturday, August 11, 2018

Trump OKs stiffer tariffs on Turkish metals as lira plummets

That turned into a rout on Friday, with the currency diving as much as 18 per cent at one point, the biggest one-day drop since a 2001 financial crisis in Turkey. "Over the years, Turkey rushed to America's hel...More..

Traders Looking to Establish New Balance Points after China Tariffs
by | Friday, August 10, 2018

Traders Looking to Establish New Balance Points after China Tariffs

As a result, more US crude oil would be shipped to Asian market. China , which is already in the midst of a trade tirade with Washington has refuted the U.S. tariffs on Chinese imports. United States sanct...More..

Here's what taking Tesla private means for the company and Elon Musk
by | Wednesday, August 08, 2018

Here's what taking Tesla private means for the company and Elon Musk

He wants every shareholder to have the option to stay with the company as private investors. Tesla's chief executive Elon Musk met with SoftBank CEO Masayoshi Son in April 2017 about the Japanese investme...More..

United States trade deficit posts biggest increase in 19 months in June
by | Wednesday, August 08, 2018

United States trade deficit posts biggest increase in 19 months in June

China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States , with the extra levies ranging from 5 to 25 percent. Trump campaigned on a promise to bring do...More..

Oil prices rally on expectation that inventories will drop
by | Monday, August 06, 2018

Oil prices rally on expectation that inventories will drop

US crude oil imports averaged 7.75 million barrels per day last week, maintaining the levels of the previous week. Brent crude futures LCOc1 were up 32 cents at $72.71 a barrel by 10:37 a.m. Although the sanc...More..

USA job growth slows, trade deficit widens
by | Sunday, August 05, 2018

USA job growth slows, trade deficit widens

Lower-skilled workers are also benefiting from companies' demand for labor. The U.S. labor market continues to strengthen. Businesses are also getting less picky in their hiring. But they fail to note that ...More..

White House slams China’s ‘weak’ tariff threat and ‘lousy’ economy
by | Friday, August 03, 2018

White House slams China’s ‘weak’ tariff threat and ‘lousy’ economy

The statement said the date of implementation of the taxes will depend on the "actions of the U.S. side" and China reserves the right to apply "other countermeasures". Why is China threatening more tariffs? ...More..

OH offers sales tax holiday this weekend
by | Friday, August 03, 2018

OH offers sales tax holiday this weekend

Florida shoppers will have the opportunity to not pay normal sales tax on items like school supplies , clothing and accessories. 3, 4, and 5, 2018, anyone can shop tax free in OH for school items. Democrats ...More..

Trump says he would 'certainly meet' Iranian president
by | Thursday, August 02, 2018

Trump says he would 'certainly meet' Iranian president

Trump drew a comparison with his diplomacy toward North Korean leader Kim Jong Un, who Trump met in a June 12 summit with the aim of convincing Pyongyang to give up its nuclear arsenal, a decades-long objective...More..

Apple becomes first company to hit $1 trillion market cap
by | Thursday, August 02, 2018

Apple becomes first company to hit $1 trillion market cap

Apple briefly hit the $1 trillion mark before falling back below it amid fast-moving trade. The tech company, launched in 1976 in a Los Altos garage, revolutionized personal computing - popularizing experimen...More..

Elon Musk says sorry, starts acting like a real CEO
by | Thursday, August 02, 2018

Elon Musk says sorry, starts acting like a real CEO

The shares surged as much as 9.2 per cent as of 6:25 am NY time Thursday, before the start of regular trading. The net loss of $717.5m (£547.6m) more than doubled that from the same period past year, and was ...More..

Trump's re-election banners could get hit by his own China tariffs
by | Saturday, July 28, 2018

Trump's re-election banners could get hit by his own China tariffs

Trump hosted Juncker at the White House this week to discuss trade and tariffs less than two weeks after Trump dubbed the European Union (EU) a USA trade "foe" in a "CBS Evening News" interview with anchor Jef...More..

Mark Zuckerberg just lost almost $16 billion in one day
by | Saturday, July 28, 2018

Mark Zuckerberg just lost almost $16 billion in one day

Founder and CEO Mark Zuckerberg , who has a 13 percent stake in Facebook , saw his fortune dropped by more than $12 billion in less than 24 hours, to around $74 billion. Some shareholders are saying Zuc...More..

Trump and Junker pull back from trade war
by | Thursday, July 26, 2018

Trump and Junker pull back from trade war

While the U.S.'s tariffs on imports from China , the EU, Canada and Mexico have been relatively blunt, those levied in retaliation have been targeted with great precision at Trump's base, which includes the ...More..

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66
by | Thursday, July 26, 2018

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66

The company wasn't specific about the cause of his death. Marchionne turned the company around, even making Fiat's 2009 acquisition of Detroit carmaker Chrysler a success, debuting the joint Fiat Chrys...More..

Putting Mark Zuckerberg's $16.8 billion wipeout into perspective
by | Thursday, July 26, 2018

Putting Mark Zuckerberg's $16.8 billion wipeout into perspective

If that holds through Thursday's close, he will slide to sixth place from third on the Bloomberg Billionaires Index . Fourteen analysts surveyed by Zacks Investment Research expected $13.4 billion. Management ...More..

Trump assures farmers he has their back amid mounting trade war
by | Wednesday, July 25, 2018

Trump assures farmers he has their back amid mounting trade war

Trump's tweet comes less than 24 hours after the US Department of Agriculture authorized $12 billion of support for farmers and ranchers hurt by tariffs imposed by China . Trump's claims that unfair trad...More..

Google shrugs off $5.1 billion fine with another big quarter
by | Tuesday, July 24, 2018

Google shrugs off $5.1 billion fine with another big quarter

Operating margin rose to 24 percent from 22 percent last quarter, excluding the $5 billion antitrust fine issued last week by the European Commission over Google's anticompetitive licensing of Android softw...More..

President Trump planning emergency aid to farmers affected by tariffs
by | Tuesday, July 24, 2018

President Trump planning emergency aid to farmers affected by tariffs

Punishing tariffs have been introduced on imported goods from Canada, China, and the EU. The Washington Post notes that the program was created so long ago that it doesn't require congressional approval w...More..

Sergio Marchionne Steps Down, New FCA CEO Is Jeep Executive Mike Manley
by | Monday, July 23, 2018

Sergio Marchionne Steps Down, New FCA CEO Is Jeep Executive Mike Manley

Marchionne had stated his intention to retire in 2019, but his exit a full year earlier and the tone of various statements released by FCA indicate that the former CEO's health may be in steep decline. Marchion...More..

Trump on North Korea denuclearization: 'We have no time limit'
by | Monday, July 23, 2018

Trump on North Korea denuclearization: 'We have no time limit'

Two mixed doubles teams consisting players from South and North Korea have booked their places in the round-of-16 of an worldwide table tennis even being held in South Korea's Daejeon city. Pompeo travelled to ...More..

Oil prices fall amid record US output, stockpile build
by | Saturday, July 21, 2018

Oil prices fall amid record US output, stockpile build

It accounts for around 5 percent of Japan's annual crude oil imports. Exports would be stable this month and fall in August, it said . "Considering that payment is to be finished by end of October, it is i...More..

China's trade surplus with USA swells in June
by | Sunday, July 15, 2018

China's trade surplus with USA swells in June

Earlier this week Donald Trump proposed a 10% tariff on $200bn of Chinese goods entering the U.S., saying that tariffs already in place on steel and aluminium imports and $34bn of goods had failed to force s...More..

Our 2018 Amazon Prime Day wish list
by | Sunday, July 15, 2018

Our 2018 Amazon Prime Day wish list

In both the USA and Europe, the first day of deals saw the greatest number of consumers clicking on ads, witnessing an increase in ad clicks of 14% and 17% respectively. Prime members will also be able to sho...More..

China Will Hit Back After New US Tariffs
by | Sunday, July 15, 2018

China Will Hit Back After New US Tariffs

The ministry did not offer more details, but Beijing had earlier threatened "comprehensive measures" if more tariffs were imposed. It said , "the Chinese government will be forced to impose necessary counter...More..

US ambassador Woody not sure about Trump and Boris meet
by | Saturday, July 14, 2018

US ambassador Woody not sure about Trump and Boris meet

In between, he will be in Britain, with a black tie dinner hosted by May on Thursday and a working visit with the prime minister on Friday. "I'm not sure. In mid-afternoon trade, the pound recovered some of tho...More..

Elon Musk sending team of engineers to aid in Thai cave rescue
by | Monday, July 09, 2018

Elon Musk sending team of engineers to aid in Thai cave rescue

He has now designed a plan to help save the boys, and he said engineers from his companies would travel to Thailand on Saturday. However, the inventor and entrepreneur has also floated some other ideas. Nu...More..

Oil mixed as U.S. crude stockpiles rise unexpectedly
by | Monday, July 09, 2018

Oil mixed as U.S. crude stockpiles rise unexpectedly

OPEC is doing something to help with its recent agreement to raise production by almost the entire amount of its spare - or idle - capacity. S. defends many of their members for very little dollars. This would...More..

Saudi Arabia Agrees To Pump More Oil to Maintain Balance
by | Friday, July 06, 2018

Saudi Arabia Agrees To Pump More Oil to Maintain Balance

In the day ahead, trading activity is expected to be limited by the US Independence Day holiday and hence, attention turns towards the EIA weekly crude supplies data due to be reported tomorrow for fresh direct...More..

‘Impeach 45’ clothing sparks Walmart boycott campaign
by | Wednesday, July 04, 2018

‘Impeach 45’ clothing sparks Walmart boycott campaign

Angry Trump supporters threatened to boycott Walmart over the clothing range. Students for Trump chairman Ryan Fournier first tweeted about the anti-Trump merchandise on Monday. Walmart pulled the shirt ...More..

Toyota rejects Trump reasoning behind proposed vehicle tariffs
by | Tuesday, July 03, 2018

Toyota rejects Trump reasoning behind proposed vehicle tariffs

President Trump has ordered that department to investigate imported cars and vehicle parts as a national security threat , which could lead to new tariffs. "At some point, this tariff impact will be felt by cu...More..