Economy

by | July 21, 2018 | 01:13

U.S. President Donald Trump addresses a cabinet meeting as his daughter senior advisor Ivanka Trump listens in the Cabinet Room of the White House in Washington, U.S., July 18, 2018. Why?" Nominated by Trump and confirmed by the Senate with broad bipartisan support, Powell has a four-year term as chairman that ends in 2022. In particular, manufacturers are finding that their "Keep America Great" hats and "Trump 2020" flags are being held up at USA customs, thus delaying their delivery to ...

by | July 20, 2018 | 17:52

Because we go up and every time you go up, they want to raise rates again". He added, "No one in the administration has said anything to me that really gives me concern on this front". The President acknowledge the unusual nature of his comments but pressed on, saying he has held the same viewpoint since being a private citizen. "I couldn't care less what they say, because my views haven't changed".

by | July 17, 2018 | 01:29

Unsworth said he would sue Musk if the pedophile accusation is "what I think it is", according to AFP . As for Musk's submarine? Mr Unsworth added: "He had no conception of what the cave passage was like". In a second tweet, Musk said he bet the claim was true. Unsworth told journalists at the cave site, where a cleanup operation is under way, the remarks about him were an attack on the entire rescue crew.

by | July 16, 2018 | 00:35

Those tariffs raised the price on Tesla Model S to USD142,000 from about USD115,000, according to 24-7 Wall Street. Tesla CEO Elon Musk explained the company's production mistakes in an interview with Bloomberg . It finally happened. After bringing up Model 3 production to Elon Musk's self-imposed quota, Tesla has hit the point where its vehicle sales are high enough to begin the EV tax credit phase-out.

by | July 11, 2018 | 02:25

Tesla sales in the China market have also slowed considerably. The factory and its output are planned to dwarf Tesla's current US production capabilities, and it comes after a year of negotiations between the electric automaker and Shanghai local government in China.

by | July 08, 2018 | 01:39

Oil was mixed on Friday, with short-covering pushing up USA crude futures while Brent slipped on global trade tensions and increased Saudi production. "The OPEC Monopoly must remember that gas prices are up & they are doing little to help", Trump wrote on his personal Twitter account. "Because the oil market is already in tight supply due to the numerous outages, this would drive worldwide prices (Brent) further up", Commerzbank said in a note.

by | July 04, 2018 | 09:48

Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can".

by | July 04, 2018 | 09:48

The economist tapped by Lopez Obrador to lead Nafta talks if he wins said on June 26 that he hopes a deal can be reached "within a couple of months". The Chamber based its state-by-state analysis on data from the U.S. Department of Commerce and government agencies in China, the EU, Mexico, and Canada.

by | July 03, 2018 | 11:16

So, while Stephenson has trolled James dating back to their battles in the Eastern Conference Finals when James was with the Heat, it appears as though all those moments are in the past. The 5-foot-9 former Kentucky player averaged 7.8 points, 4.4 assists and 23.4 minutes in 71 games last season. "Time for me to take the throne!", said Kirksey, who also proclaimed last month that the Browns will be in the playoffs this season.

by | July 01, 2018 | 00:54

Amazon said interested partners could start a business with "as little as $10,000"-not including the cost of hiring drivers-and no logistics experience is required". The last mile delivery is among the biggest challenges in the retail industry. In response, Amazon is rolling out what amounts to a turnkey delivery fleet opportunity for entrepreneurs: Amazon Delivery Service Partners.

by | June 28, 2018 | 01:21

And though in theory there are still some internal checks on his power, in practice little can be done to block his agenda and that of his ruling Justice and Development Party (AKP). "(Turkey) has transitioned to a one-man regime in the fullest sense". The president has for the last two years ruled under a state of emergency imposed in the wake of the 2016 failed coup, with tens of thousands arrested in an unprecedented crackdown which cranked up tensions with the West .

by | June 28, 2018 | 01:18

The vote will complete Turkey's transition from a parliamentary to a new executive presidential system, a move approved in a referendum past year. Trailing were Selahattin Demirtas of the pro-Kurdish Peoples' Democratic Party (HDP) with over eight percent in third and Meral Aksener of the nationalist (Iyi) Good Party with over seven percent.

by | June 28, 2018 | 01:14

Other companies are coming back where they belong! He went on to say he "fought hard for them and ultimately they will not pay tariffs selling into the E.U". Michael Pflughoeft, a spokesman for Harley-Davidson, said that the anti-Trump quote linked to the company's chief executive that was circulating on Twitter in various forms was "absolutely, unequivocally fake and false".

by | June 26, 2018 | 03:00

Erdogan's ruling party and its nationalist ally also appeared to secure a majority in the legislature, based on unofficial results published by both the state-run news agency and the opposition-linked Election Justice Platform, which was monitoring the count.

by | June 24, 2018 | 14:59

He echoed earlier comments from OPEC Secretary-General Mohammad Barkindo. But Saudi Arabia has the powerful backing of Russian Federation, which is facing mounting calls from domestic oil firms to end the cutbacks so they can cash in on the higher oil prices .

by | June 24, 2018 | 15:00

The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since. The group's communique still pledged a return to 100% compliance with the original 2016 agreement - ending a period of deeper-than-intended cuts - but Al-Falih insisted that no individual country will be subject to a strict output cap.

by | June 22, 2018 | 03:27

Comments from top officials in the Trump administration suggest the trade tensions will not dissipate anytime soon . The ongoing trade dispute between the United States and China knocked the yuan to 6.4660 per dollar, its weakest in more than five months in the offshore market.

by | June 22, 2018 | 02:31

He said the legislation would be tailored to fit within the Supreme Court ruling . In his majority opinion , Justice Kennedy said it was "inconsistent" for the Supreme Court to ask Congress to "address a false constitutional premise of this Court's own creation".

by | June 22, 2018 | 02:30

Today's ruling upheld a statute from South Dakota , which requires any company with more than $100,000 in annual sales to collect sales tax on sales made to customers in the state . The Small Business & Entrepreneurship Council advocacy group said in a statement , "Small businesses and internet entrepreneurs are not well served at all by this decision".

by | June 20, 2018 | 17:30

Starbucks said its third quarter forecasts had been impacted by its decision to close 8,000 stores on the afternoon of May 29 to provide roughly 175,000 employees with anti-bias training. The announcement was made on the heels of revealing that Starbucks was expecting same-store sales to grow just 1 percent for the quarter of the fiscal calendar beginning next month - after initially projecting a 2.9 percent growth.

by | June 18, 2018 | 02:06

One of the deputies died and the other is in critical condition. Police Capt. Lionel Colón says he doesn't know if the woman was armed when she was killed. Colón says he's "very confident it was a last-resort situation to ensure the safety of the public". He's also been charged with murder, assault and armed criminal action in a December 2017 shooting in Kansas City, Missouri.

by | June 17, 2018 | 02:12

A further descent into an all-out trade war loomed, with the U.S. vowing to "pursue additional tariffs if China engages in retaliatory measures". In a joint statement , the two countries had said that China would "significantly increase " purchases of U.S.

by | June 16, 2018 | 18:05

The moves brought the world's two largest economies to the verge of an all-out confrontation long feared by markets and industry. Following the decision, Congresswoman Rosa DeLauro said tariffs must be seen as one tool among many the USA could use to hold bad actors like China accountable and bring the Chinese government to the table to secure a more favourable balance of trade.

by | June 16, 2018 | 17:56

This decision follows a successful trial in selected restaurants earlier this year. Given the size of the company's purchasing power, McDonald's says it hopes the shift will "support industrywide change and bring sustainable solutions to scale", said Francesca DeBiase, head of global supply chain and sustainability at the company.

by | June 14, 2018 | 07:26

In a notable change to its statement, the Fed removed language indicating that it expected the economy to grow at a pace warranting "gradual" rate increases . That's weaker than the White House's forecast for 3% growth in 2021, suggesting the Fed is less optimistic about the boost from tax cuts. Yields have been climbing this year , as markets position for a relatively more aggressive Fed amid inflation concerns.