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Markets

President Trump is incensed at General Motors-again. But the president seemingly hasn't done the math on how cutting subsidies would actually affect GM. BMW is considering building a second plant in the United States. Some forces buffeting manufacturers are the result of other Trump policies. Trump's harsh words rattled investors, who bid down GM shares by 2.6 per cent on Tuesday after sending them up on Monday in response to the automaker's cost-cutting.
  • When and Where to be for Black Friday in Mankato

    When and Where to be for Black Friday in Mankato

    Markets

    Be sure to check out all the current Black Friday deals from their website. We used our data to try to determine the best time of year to buy popular products. "The LG 60UJ630V , a 60" 4K TV, was advertised at £799 by Amazon on Black Friday. Black Friday may not be until, well, Friday, but that doesn't stop all the deals coming out early and brandishing the name of the imported shopping holiday.
  • Nissan considers ousting Carlos Ghosn for financial misconduct

    Nissan considers ousting Carlos Ghosn for financial misconduct

    Markets

    A representative for the Tokyo prosecutors said they don't comment on individual cases. Mr Ghosn, a foreign top executive in Japan , has been credited in the past as having turned Nissan around from near bankruptcy. "Saikawa will also propose the removal of Greg Kelly from his position as representative director". Ghosn is also chairman and chief executive of France's Renault.
  • USDA Recalls Raw Ground Turkey Over Dangerous Salmonella Outbreak

    USDA Recalls Raw Ground Turkey Over Dangerous Salmonella Outbreak

    Markets

    The USDA has issued a recall on more than 91,000 pounds of Jennie-O turkey products that may be associated with a salmonella outbreak . The recall came one week before Thanksgiving - and one day after Consumer Reports called on the agency to disclose which company or companies have been linked to a recent salmonella outbreak that has sickened more than 160 people in 35 states and killed at least one person.
  • France fuel protest: Hundreds injured as protests continue

    France fuel protest: Hundreds injured as protests continue

    Markets

    Police used tear gas to stop demonstrators on the Champs-Elysees. Although most of the blockades were carried out without incident, tempers flared at times as some drivers confronted the protesters or tried to force their way through. "It's a very powerful message sent from the depths of France", he said on BFMTV. At a blockade on a road in the south-eastern department of Savoie, a driver panicked when protesters surrounded her vehicle and she accelerated, hitting and killing a female ...
  • Oil trades near $56 as USA inventory gain counters OPEC's plan

    Oil trades near $56 as USA inventory gain counters OPEC's plan

    Markets

    Oil traded near $56 a barrel after snapping a record losing streak as traders assessed signs of rising United States crude inventories against the prospect of OPEC and allies cutting output. Oil fell for a 12th consecutive session in its longest losing streak on record. Brent ended down US$4.65, or 6.6 per cent, to US$65.47 a barrel, the largest one-day loss since July 2018 .
  • Oil rises as Saudi Arabia seeks to tackle oversupply

    Oil rises as Saudi Arabia seeks to tackle oversupply

    Markets

    Brent crude futures rose 80 cents on the day to $70.98 a barrel by 1205 GMT, while U.S. crude futures rose 36 cents to $60.69 a barrel. West Texas Intermediate, the US benchmark oil price , had been declining for the hour before the tweet and briefly dipped lower before trading at $60.14 per barrel, down 5 cents for the day, at 1:49 p.m.in NY.
  • Alibaba Singles' Day smashes US$25 billion sales record

    Alibaba Singles' Day smashes US$25 billion sales record

    Markets

    This is also likely to be Alibaba's last November sale event with founder and chairman Jack Ma at its helm. This is 21 per cent higher than the 57 billion yuan that the Alibaba Singles' Day sale brought in its early phase past year. The current chief executive will take over as schairman next year, Alibaba announced in September. Billionaire co-founder Jack Ma has been a vocal opponent of the tariffs on hundreds of billions of dollars' worth of USA and Chinese goods, calling the trade ...
  • Elon Musk replaced as Tesla company chair

    Elon Musk replaced as Tesla company chair

    Markets

    Twenty-First Century Fox Chief Executive, James Murdoch, who also sits on the Tesla board, was tipped to succeed Musk before today's announcement was made. Aside from her work at Telstra, she has also spent time at technology majors including Juniper Networks and Sun Microsystems. "I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy", Musk added.
  • Trump says will meet China's Xi as trade talks 'move along'

    Trump says will meet China's Xi as trade talks 'move along'

    Markets

    Xi said later to be willing to meet Trump. The US this year has already imposed tariffs on $250 billion in trade with China. He said trade would be a topic when he gets together with Xi over dinner. "Those discussions are moving along nicely", Trump wrote on Twitter after speaking with Xi, five days before U.S. midterm elections that will determine whether his party retains control of Congress.
  • Cash-strapped Pakistan at 'low point', PM tells China

    Cash-strapped Pakistan at 'low point', PM tells China

    Markets

    Imran is scheduled to hold talks with Chinese President Xi Jinping and Premier Li Keqiang and both the countries are expected to sign several agreements. In a meeting with Chinese IDCPC Minister Song Tao in Beijing , he said such exchanges would ensure that the exceptional friendship between Pakistan and China endured from generation to generation.
  • Oil prices drop as supply declines

    Oil prices drop as supply declines

    Markets

    So, the market is betting on supply that may be there later but it is clear that it is not here now. Oil prices are falling again, Friday, as concerns over short-term supply worries ease, despite the U.S. USA crude oil production exceeded the Russian Ministry of Energy's estimated August production of 11.2 million b/d, making the United States the leading crude oil producer in the world .
  • IBM set to acquire North Carolina-based Red Hat in $34B deal

    IBM set to acquire North Carolina-based Red Hat in $34B deal

    Markets

    Meanwhile open source big data vendors Cloudera and Hortonworks have made a decision to merge and earlier this year Salsforce dropped $6.5 billion on MuleSoft to power its Integration Cloud. It's not immediately obvious to me how the marriage between IBM and Red Hat brings combined value to the market. "Importantly, Red Hat is still Red Hat.
  • Delhi-based Bhavye Suneja was captain of ill-fated Indonesian passenger plane

    Delhi-based Bhavye Suneja was captain of ill-fated Indonesian passenger plane

    Markets

    Syaugi told a press conference on Monday. The flight, which departed at 6.20am this morning (29th October), was expected to land in Pangkal Pinang at 7.20am but lost contact with air traffic controllers at 6.33am. Family members arrive a Jakarta airport after Lion Air crash. "Lion Air is very concerned about this incident and will work with relevant agencies and all parties", said spokesman Danang Mandala Prihantoro.
  • Khashoggi murder 'must concern us all': Mattis to Arab forum

    Khashoggi murder 'must concern us all': Mattis to Arab forum

    Markets

    Turkey alleges a 15-member hit squad was sent to Istanbul to kill the journalist, a onetime Saudi insider who became an outspoken critic of Prince Mohammed in columns for The Washington Post . "We are here to demand only one thing from the King and the Crown Prince of the Kingdom of Saudi Arabia: The persons who gave the order for the bestial murder of journalist Jamal Ahmad Khashoggi, and the persons who carried the order, all of them must be brought to account", Nkanga demanded.