Markets

Markets Dovish Fed Doesn't Guarantee New Bull Market
Author: 0 Dovish Fed Doesn't Guarantee New Bull Market

Rates are now seen peaking at 2.6 percent, sometime in 2020, roughly a percentage point lower than the historic average for the fed funds rate and a sign that the US economy has entered a more sluggish era. Indeed, Powell went out of his way to be positive about the US outlook, repeating several times that the economy is in "a good place" and stating that the underlying growth fundamentals are very "favorable".

Markets U.S. jury finds Roundup caused man's cancer
Author: 0 U.S. jury finds Roundup caused man's cancer

The decision in Edwin Hardeman's case is a landmark verdict that could impact hundreds of other similar lawsuits, according to The Guardian newspaper in the United Kingdom. On Wednesday, the jury will hear evidence to determine if the company is legally responsible for Hardeman's cancer and if so, how much Hardeman will receive in damages.

Markets Trump to GM: Reopen Ohio plant, close one in Mexico or China
Author: 0 Trump to GM: Reopen Ohio plant, close one in Mexico or China

The company has noted that over 400 Lordstown employees had accepted offers at other GM locations and that jobs were available at other assembly plants for anyone willing to relocate to other states. Overall, the company said its restructuring plan would result in the elimination of about 14,000 jobs, though it has said some of those workers will be able to transfer to other facilities.

Markets US oil retreats from 2019 high on soaring production
Author: 0 US oil retreats from 2019 high on soaring production

Venezuelan oil production fell 142,000 barrels per day in February, or 8.9 percent, to just over 1 million barrels per day compared with January and was by far the biggest drop of the 14-country OPEC, as the country faced USA sanctions imposed in late January.

Markets Tesla Model Y starts at $47K in late 2020
Author: 0 Tesla Model Y starts at $47K in late 2020

In terms of performance , the flagship Model Y boasts a range of 280 miles (450 km), a top speed of 150 mph (241 km/h) and a 0-60 mph time of 3.5 seconds. and deliver a 620-mile range. I'm now of the belief that the majority of the parts that Tesla doesn't make themselves will be identical to what they are in the Model 3.

Markets Facebook struggles to deal with epic outage
Author: 0 Facebook struggles to deal with epic outage

Users in Asia were having problems on Thursday morning. Pointing out that the Facebook outage also extended to its other properties, including Instagram and WhatsApp, Sarah Miller, the deputy director at the Open Markets Institute, which is for the break-up of Facebook and other Silicon Valley companies, said, "The more integrated a platform becomes, the greater the risk and reach of epic failures like this one".

Markets Brextension: UK lawmakers vote to seek delay of European Union departure
Author: 0 Brextension: UK lawmakers vote to seek delay of European Union departure

After Wednesday's vote, they said that while it was one thing for the British government to reject a so-called no-deal exit, at some point it would have to figure out the alternative, a deal that could actually pass. The party was criticised for the move by some supporters of another referendum, but the official People's Vote campaign issued a statement that read: "We do not think today is the right time to test the will of the House on the case for a new public vote".

Markets Tesla to rollback local price cuts
Author: 0 Tesla to rollback local price cuts

After spending the last two weeks evaluating every single Tesla location, the company has chose to keep more stores open. The step backwards will come as a hit to customers as well, as Tesla will raise prices 3% on all S and X vehicles as well as all of the Model 3 configurations other than the $35,000 configuration to account for the remaining stores.

Markets Trump says China deal will mean 'very big spike' for markets
Author: 0 Trump says China deal will mean 'very big spike' for markets

America's trade deficit with China hit a record $419.2 billion a year ago, USA data released this week showed. "Today's trade figures reinforce our view that China's trade recession has started to emerge", Australia and New Zealand Banking Group Ltd economist Raymond Yeung (楊宇霆) said in a note.

Markets New jobs report says Calgary’s unemployment increased
Author: 0 New jobs report says Calgary’s unemployment increased

By region, Ontario saw the biggest employment increase last month with the addition of 36,900 jobs. At the same time, there were fewer workers in accommodation and food services, as well as transportation and warehousing. It's a key reason why the Bank of Canada is sticking to its belief the economy will rebound and interest rates will likely head higher . Over the 12-month stretch leading up to February, total employment rose by 369,100 jobs or two per cent.

Markets Zuckerberg's vision for Facebook: as privacy-focused as WhatsApp
Author: 0 Zuckerberg's vision for Facebook: as privacy-focused as WhatsApp

By connecting WhatsApp and Messenger , Facebook will be more efficient. Zuckerberg said in a post on his Facebook profile that within a few years direct messaging would dwarf discussion on the traditional, open platform of Facebook's news feed, where public posts can go viral across the world.

Markets US Trade Deficit Widens
Author: 0 US Trade Deficit Widens

Wednesday's figures illustrated how the trade war boosted the trade deficit with China: merchandise exports to the Asian nation fell $US9.6 billion previous year, while imports rose $US34 billion. Looking at December alone, exports fell by 1 .9% to $205.1 billion and imports rose by 2 .1% to $264.9 billion. The latest report revealed that the trade deficit with China in December was $38.7 billion, by far the highest of any nation.

Markets Huawei Makes Big Move Against US Government
Author: 0 Huawei Makes Big Move Against US Government

The suit, filed with the federal court in Texas, alleges that the ban on Huawei products, passed as part of a defense spending package past year, is unconstitutional and is part of the Trump administration's campaign of political and economic pressure against China .

Markets Tesla says new technology can recharge a auto in 15 minutes
Author: 0 Tesla says new technology can recharge a auto in 15 minutes

The first beta test V3 chargers are now in operation in California, near Tesla's headquarters, and work on the first full sites will begin in April. This means owners won't have to experience a slower charge time when sharing with a neighbor. For now, Tesla has opened the one public beta V3 Supercharger in Fremont, California.

Markets Trump says Cohen hearing may have hurt North Korea results
Author: 0 Trump says Cohen hearing may have hurt North Korea results

A high-stakes second meeting to strike a disarmament deal with the North's Kim Jong Un broke up in disarray Thursday in Hanoi, without even a joint statement. Mr. Trump said the summit came to a halt because Kim demanded a complete lifting of US sanctions against his regime in exchange for the North Koreans opening up just one key nuclear facility to some degree of inspection.

Markets Old Navy is splitting away from Gap
Author: 0 Old Navy is splitting away from Gap

Konik said separating Old Navy, which is the primary driver of profit for Gap , would also make the budget brand as attractive as off-price retailers such as TJX Co Inc and Ross Stores. Art Peck, who's been leading parent company Gap, said the company doesn't know the exact number of job losses from the planned store closures but will try to minimize the number.

Markets A whopping 53 Victoria's Secret stores are set to close
Author: 0 A whopping 53 Victoria's Secret stores are set to close

L Brand's net sales rose to $4.85 billion for the quarter ended Feb.3, compared to $4.82 billion in the year-ago period. Although a change in strategy appears necessary for the survival of Victoria's Secret , which has stuck to the same marketing strategy for decades, it may not sit well with consumers.

Markets Venezuela crisis: US, Russia submit resolutions to UNSC
Author: 0 Venezuela crisis: US, Russia submit resolutions to UNSC

The US recognizes Juan Guaido, the leader of Venezuela's opposition-controlled National Assembly, as the oil-rich nation's acting president, while Russian Federation supports incumbent head of state Nicolas Maduro, Efe news reported on Wednesday.

Markets Pedophilia allegations, Nestlé, Dr. Oetker and Disney stop advertising on Youtube
Author: 0 Pedophilia allegations, Nestlé, Dr. Oetker and Disney stop advertising on Youtube

YouTube now says that it is making changes to its algorithm to stop this practice. She said numerous kids she treats in the ER list videos on YouTube as a method used to learn destructive behaviors and self-harm techniques. "There's more to be done, and we continue to work to improve and catch abuse more quickly". Some leading firms stopped shopping for commercials on YouTube after their advertisements appeared on movies the place pedophiles littered the remark sections, The New York ...

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