Markets

Markets Tesla customers will start losing a $7500 tax credit in 2019
Author: 0 Tesla customers will start losing a $7500 tax credit in 2019

Tesla has hit a speed bump that will cut subsidies for customers buying its electric vehicles in the United States, after Elon Musk's carmaker hit a milestone of 200,000 sales. "It happens to be that now is when you have the trade altercation going on". Still, CNBC said Tesla's shares rose to 1.2 percent shortly after their announcement.

Markets Job growth beats expectations days before Bank of Canada rate decision
Author: 0 Job growth beats expectations days before Bank of Canada rate decision

They had expected that the unemployment rate held steady at 3.8%, its lowest level since 2000 . Normally, a tight labor market encourages employers to pay more to attract and retain workers. Trump frequently touts the strong jobs picture as hiring has picked up in recent months. Dropping from its previous record of 4.8 percent from October of 2006, Hispanic unemployment now sits at 4.6 percent for the month.

Markets Trump to OPEC: ‘Reduce pricing now!’
Author: 0 Trump to OPEC: ‘Reduce pricing now!’

In his latest tweet on the subject on Wednesday, Trump said that the " OPEC Monopoly must remember that gas prices are up & they are doing little to help". OPEC and Russian Federation announced in June they were willing to raise output to address concerns of emerging supply shortages due to unplanned disruptions from Venezuela to Libya, and likely also to replace a potential fall in Iranian supplies due to U.S.

Author: 0 US job growth strong; unemployment rate rises to 4 per cent

Nonfarm payrolls rose by 213,000 jobs last month, the Labor Department said on Friday. Today's figures also showed that the United States unemployment rate rose to 4% from an 18-year low of 3.8% in May as more people entered the labour force in the sign of confidence in the jobs market.

Markets China's HNA Group chairman Wang Jian dies after fall in France
Author: 0 China's HNA Group chairman Wang Jian dies after fall in France

In honor of its ill-fated chairman the HNA Group switched its official website to monochrome and posted a statement mourning Wang's death. "If HNA simply can not meet its financial obligations, we expect regulators to broker a debt restructuring", Michael Hirson, the Asia director of the consultancy Eurasia Group, said back in February.

Markets Time difference gives China head start on tariff war with U.S.
Author: 0 Time difference gives China head start on tariff war with U.S.

US companies ranging from whiskey distilleries to automakers like Ford and Tesla could be hit if China ramps up retaliatory measures. Asked whether USA companies will be targeted with "qualitative measures" in China in a trade war , Gao said the government will protect the legal rights of all foreign companies in the country.

Markets China warns US 'opening fire' on world with tariff threats
Author: 0 China warns US 'opening fire' on world with tariff threats

China's foreign ministry said Tuesday that Beijing won't hesitate to retaliate against USA tariffs and escalate a trade war with Washington if tensions over economic negotiations with the Trump administration continue to rise. imports ranging from soybean to stainless steel pipes will take effect earlier. Trump has accused China of unfairly acquiring USA technology through coercion and theft and limiting market access for US finance and technology firms - claims that China denies.

Markets China Says Its Trade Practices Benefit World
Author: 0 China Says Its Trade Practices Benefit World

The Dow dropped 0.7 percent and the S&P 500 shed 0.9 percent while the tech-heavy Nasdaq Composite lost as much as 1.5 percent. USA crude stocks fell by almost 10 million barrels last week, the most since September 2016, while gasoline and distillate inventories rose less than expected, the Energy Information Administration said.

Markets Tesla hits 5,000 Model 3 production target
Author: 0 Tesla hits 5,000 Model 3 production target

The company says it was producing 5,000 cars per week by the end of the quarter, and it expects to reach 6,000 cars per week by late August. "I think we just became a real auto company", Mr Musk wrote. What is impressive about Tesla's 7,000-car production rate is not as much that they produced 7,000 cars in a week but that they produced 7,000 electric cars in a week - something that is unprecedented by any other automaker.

Markets Goodbye, Geoffrey: Toys R Us closing its last stores
Author: 0 Goodbye, Geoffrey: Toys R Us closing its last stores

Toys R Us is closing its last USA stores Friday, the end of a chain known to generations of children and parents for its sprawling stores, brightly colored logo and Geoffrey the giraffe mascot. A mysterious man purchased $1 million worth of toys at a Toys R Us and donated them to children. "I think Geoffrey the Giraffe signifies fun and childhood memories", a zoo representative told CBS San Antonio affiliate KENS.

Markets Data-broker leak exposes 340 million personal records
Author: 0 Data-broker leak exposes 340 million personal records

Exactis has apparently since protected the database, though it may be too late. In this Tuesday, Sept. 12, 2017, file photo, the new iPhone X is displayed in the showroom after the new product announcement at the Steve Jobs Theater on the new Apple campus in Cupertino, Calif.

Author: 0 Trump says Saudi Arabia has agreed to increase oil production

So why is the Canadian dollar still so low? It did not elaborate. Iran has faced mounting economic woes since US President Donald Trump announced in May that Washington was withdrawing from the 2015 nuclear deal with world powers, negotiated under his predecessor president Barack Obama.

Markets Oil prices rise on supply losses, US push to isolate Iran
Author: 0 Oil prices rise on supply losses, US push to isolate Iran

But at the moment, the Congolese government is more concerned - and rightly so - about enjoying an equilibrium in global oil markets and attracting higher investments into the sector. In addition, the American Petroleum Institute (API) has reported a sharp drop of 9.228 million barrels in United States crude inventories in the week that ended on June 22 - much more than the 2.572 million barrels fall predicted and the previous week's 3.016 million barrel decline.

Markets Amazon delivery service partners: how to apply
Author: 0 Amazon delivery service partners: how to apply

Amazon said over time, it would empower hundreds of new small business owners to hire tens of thousands of delivery drivers across the US. Amazon said it will provide training, technology, discounts on fuel, insurance, leases of Amazon-branded equipment, and most importantly, a stable flow of packages.

Markets Iran’s Rouhani: Iran will not give in to pressure from Trump
Author: 0 Iran’s Rouhani: Iran will not give in to pressure from Trump

Khamenei said an "atmosphere of security" must be reinstated and that judiciary officials "must confront those who disrupt economic security". The protests by the merchants, known as bazaaris in Iran , began in Tehran's Grand Bazaar on June 25, 2018, and turned into a mass socioeconomic and political rally outside the Parliament building where police fired tear gas at crowds chanting anti-state slogans.

Markets Harley-Davidson Eyeing Offshore Move To Skirt EU Tariffs
Author: 0 Harley-Davidson Eyeing Offshore Move To Skirt EU Tariffs

Harley-Davidson will not raise its prices to avert " an immediate and lasting detrimental impact " on sales in Europe, it said . The European tariffs have jumped from 6 percent to 31 percent, the company said. And now, Harley-Davidson - a motorcycle brand that has often aligned itself with the very image of "Americaness" - is a flawless example. NPR's Jim Zarroli reports.

Markets President Trump bashes Harley-Davidson over production move, tweets 'We won't forget'
Author: 0 President Trump bashes Harley-Davidson over production move, tweets 'We won't forget'

But Harley-Davidson's plight in Europe drew fresh interest from French Parliament member Eric Straumann, who contacted Levatich to propose a new factory on the French-German border in Alsace. "We don't want to punish, but that is the unfortunate effect, that (US companies) will put pressure on the American administration to say hey, hold on a minute, this is not good for the American economy", EU Trade Commissioner Cecilia Malmstrom said on Tuesday.

Markets Harley-Davidson Using Trade Tensions as Excuse to Move
Author: 0 Harley-Davidson Using Trade Tensions as Excuse to Move

The company, which sold almost 40,000 motorcycles in Europe past year, said it planned to absorb those costs rather than pass them on to customers and risk damaging sales. Harley-Davidson isn't halting manufacturing in the U.S. In 2017, almost 40,000 riders bought a Harley-Davidson motorcycle in Europe, accounting for more than 16% of the company's sales previous year.

Markets Turkey elections: Tayyip Erdogan wins presidential race
Author: 0 Turkey elections: Tayyip Erdogan wins presidential race

Erdogan, who secured a new five-year term as President on the first round of voting on Sunday , re-enters office with a vast array of new powers at his disposal, following a narrowly-won constitutional referendum last year. "Any rally could quickly go into reverse if President Erdogan uses his strengthened position to pursue looser fiscal and monetary policy, as we fear is likely", said Jason Tuvey, senior emerging markets economist at Capital Economics.

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