Markets

How do you feel about the President's boisterous FART? Some Twitter uses have said the bill's acronym "stinks". Trump personally ordered the bill be drafted, according to the report. President Donald Trump has threatened to increase the scope to $450 billion if China indeed retaliates against his 25% tariff. White House spokeswoman Lindsay Walters said in response, "It is no secret that POTUS has had frustrations with the unfair imbalance of tariffs that put the U.S.at a disadvantage".
  • Lyft Buys the Largest U.S. Bike-Sharing Company

    Lyft Buys the Largest U.S. Bike-Sharing Company

    Markets

    Motivate runs New York's Citi Bike, Chicago's Divvy, Washington D.C.'s Capital Bikeshare, and other services in major US cities. Motivate's speciality involves conventional bicycles kept in docking stations around cities, and its agreements with San Francisco, Chicago and other locations will be part of the deal, Lyft said.
  • HTC to lay off 1500 employees from its Taiwanese manufacturing division

    HTC to lay off 1500 employees from its Taiwanese manufacturing division

    Markets

    Losses of Tw$9.8 billion in the last three months of 2017 represented its worst ever quarterly results. " HTC continues to review its operations to ensure production resources align with key strategic initiatives, so that the company can more effectively compete in its target markets while maintaining its innovative edge".
  • Top U.S. business group assails Trump's handling of trade dispute

    Markets

    Oil prices also fell after US President Donald Trump put pressure on Saudi Arabia to increase oil production. For example, when Trump initially chose to start slapping tariffs on foreign governments' goods, White House trade czar Peter Navarro said he didn't think any country would retaliate.
  • Trump issues WTO warning in meeting with Dutch leader

    Markets

    The president referred to upcoming discussions between the USA and the European Union around trade deals and tried to joke that if the discussions failed it could be positive. Rutte said the talks would focus on jobs and security and told Trump: "Our aim will be to increase those numbers, to be more successful". "TRUMP: "- just think about those cars that pour in here".
  • Amazon try-before-you-buy Prime Wardrobe opens for all Prime members

    Amazon try-before-you-buy Prime Wardrobe opens for all Prime members

    Markets

    Once it arrives at your home, you have seven days to try on every item and decide which pieces of apparel you'd like to keep and which you'd like to return. The idea behind Prime Wardrobe isn't anything new. So, in all likelihood, the company is trying to get their already existing Prime members to shop for clothes as part of the company's expansion into fashion, trying to reengage the shopping habits of retained customers rather than trying to obtain new customers, baited by the offer of the ...
  • Mexico new president: How AMLO will deal with Trump's aggressive behaviour?

    Mexico new president: How AMLO will deal with Trump's aggressive behaviour?

    Markets

    And he paid tribute to the role in the campaign played by outgoing President Enrique Pena Nieto and the media, both of which have felt the bite of his scorn in the past. And rather than the use of force to fight spiraling violence, he will look to fix root causes such as inequality and poverty. Even so, the peso weakened around 1 per cent against the dollar and Mexico's S&P/BMV IPC benchmark stock index was also down nearly 1.5 per cent as exit polls showed Lopez Obrador's MORENA party ...
  • Dell will soon be a public company (again)

    Dell will soon be a public company (again)

    Markets

    Dell shares will be issued on the New York Stock Exchange at a price that values the company somewhere between $61 billion and $70 billion, it said in a press release. "Unprecedented data growth is fuelling the digital era of IT, and we are uniquely positioned with our portfolio of technologies and services". The merger of Dell and EMC was the largest tech merger in history making Dell Technologies the largest privately held tech company.
  • EU warns Trump: auto tariffs could lead to $300B retaliation

    EU warns Trump: auto tariffs could lead to $300B retaliation

    Markets

    The US tariff on Chinese goods is threatening jobs at the Moog synthesiser company. Now in all fairness they have their farmers. We reported on Sunday that Canada has slapped the United States with $13 billion in tariffs . economy", the letter said. For example, the Chamber said Texas could see $3.9 billion worth of exports targeted by retaliatory tariffs; Tennessee, $1.4 billion; and SC, $3 billion.
  • Iran to allow private sector to export oil, beat United States sanctions

    Iran to allow private sector to export oil, beat United States sanctions

    Markets

    Sharma, director of finance at the refiner, said in May. Earlier this year, to the chagrin of European partners, Trump said he would pull the United States out of the Iran nuclear agreement secured by world powers. Saudi Arabia has been pumping around 10 million bpd in recent months and sources close to its oil policy have said it could raise output to 11 million bpd.
  • Saudi Arabia not confirming Trump's 2M barrels

    Saudi Arabia not confirming Trump's 2M barrels

    Markets

    Furthermore, investors continue to price the expectations of Iran's supply getting cut from the markets on the USA & its allies sanctions. "During the call, the two leaders stressed the need to make efforts to maintain the stability of oil markets and the growth of the global economy", the statement said , adding that oil rich countries have "to compensate for any potential shortage of supplies".
  • Trump denies pulling out of World Trade Organisation

    Trump denies pulling out of World Trade Organisation

    Markets

    The WTO is designed by the rest of the world to screw the United States."When asked about the Axios report , Treasury Secretary Mnuchin said that it's an "exaggeration" to say President Trump wants to withdraw the USA from the WTO . goods. The US would also forfeit any ability to overturn unfair trade practices in the WTO dispute-settlement system. The WTO effectively sets the rules for global trade and is now comprised of 164 states.
  • Mazda Condemns Trump’s Proposed 25 Percent Import Car Tariff

    Mazda Condemns Trump’s Proposed 25 Percent Import Car Tariff

    Markets

    General Motors sent a letter to the Commerce Department today complaining that further tariffs on imported auto parts and materials could result in higher vehicle prices and, ultimately, a smaller GM . The largest USA automaker added that tariffs risk leading to fewer American jobs, not more , and lower wages. "That will enable us to make our best-informed recommendation to the President", the statement said.
  • Oil falls as Saudi, Russian output rises

    Oil falls as Saudi, Russian output rises

    Markets

    Asked whether someone was manipulating oil markets, Trump said: "100 percent". WTI oil prices dipped into 71.80 at the market's open this week, but has since recovered above 72.50, though current prices are still below Friday's closing price of 73.54.