Markets

Markets California governor signs tough net neutrality bill, and Justice Dept. sues
Author: 0 California governor signs tough net neutrality bill, and Justice Dept. sues

California Governor Jerry Brown just signed a #NetNeutrality bill. California and the Trump administration are feuding over the state's new internet neutrality law that aims to ensure a level playing field on the internet. The new rules went into effect in June. They say it's unrealistic to expect them to comply with internet regulations that differ from state to state.

Markets Boeing wins US Air Force TX trainer competition
Author: 0 Boeing wins US Air Force TX trainer competition

The award comes less than a week after the Air Force awarded a Boeing-Leonardo bid the win for the Air Force's replacement of its UH-1 nuclear security helicopters . Air Force's main fighters F-22 and F-35. Unveiled in St Louis in 2016, Boeing and Saab's all-new T-X design features a single GE F404 engine, twin tails, what Boeing calls "stadium seating" and advanced avionics.

Author: 0 Tesla shares plunge after U.S. fraud suit against Elon Musk

The US Securities and Exchange Commission could force Musk to step down as boss of his own company. According to the SEC filings, Musk said that calculation resulted in a price of $419, which he rounded up to $420 "because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it amusing, which admittedly is not a great reason to pick a price'".

Author: 0 Oil eases, but Iran sanctions keep Brent above $80 a barrel

On Tuesday, Brent oil hit $82 per barrel for the first time since 2014. Why it matters: The increase in oil prices risks hurting the U.S. economy, a bright spot on Trump's record, just ahead of the crucial 2018 mid-term elections. The so-called "OPEC+" group, which includes producers such as Saudi Arabia and Russian Federation, met over the weekend but did not see the need to add new output.

Markets Versace Set To Be Sold To Michael Kors For $2bn
Author: 0 Versace Set To Be Sold To Michael Kors For $2bn

The leader of the pack is every mom's favorite handbag maker, Kors. It has been reported that on Tuesday, Donatella Versace -who has run the company with her brother Santo Versace , since the murder of their brother and label founder Gianni was murdered in 1997- has called a meeting with employees to announce the sale.

Markets Instagram founders Mike Krieger and Kevin Systrom quit Facebook
Author: 0 Instagram founders Mike Krieger and Kevin Systrom quit Facebook

They founded the photo-sharing app in 2010 and sold it to Facebook in 2012 for about $ 1 billion . It became the fourth Facebook platform to eclipse the billion-user mark, including the namesake social network with more than two billion users, and the messaging applications WhatsApp and Messenger.

Markets Canada's Barrick Gold to buy Randgold for $6.5 billion in all
Author: 0 Canada's Barrick Gold to buy Randgold for $6.5 billion in all

The two companies said they were aligned on their strategy with Chinese investors after Barrick said it would make a bigger push to attract investors in China. The deal value, at 48.5 pound-a-share, matched Randgold's market capitalization as of Friday's close. The creation of a gold mining company with a combined market value of about $18 billion helps Barrick to boost output at a time when its stock has been punished for the producer's stagnant pipeline, according to Bloomberg.

Author: 0 Oil price up as Trump calls OPEC to lower prices

Brent crude , the benchmark for more than half the world's oil, rose 2.5 percent to $80.79 a barrel at 9:44 a.m.in London , the highest since November 2014. Al-Falih added that Saudi Arabia, the cartel's largest producer, still expects to pump more crude in September and increase output again in October.

Markets Centre banking on European Union to find ways to buy Iran oil
Author: 0 Centre banking on European Union to find ways to buy Iran oil

The other is the concern that tanker tracking data may become less reliable, as Iran may try to use some "unconventional" methods of keeping its oil sales on track, like switching off tracking devices on tankers-a "solution" that Tehran is said to have used in the previous round of sanctions in 2012-2015.

Markets Brexit: Theresa May promises 'no second referendum'
Author: 0 Brexit: Theresa May promises 'no second referendum'

Jacob Rees-Mogg, leader of the influential European Research Group of pro-Brexit Tories and a prominent critic of the Prime Minister's plan, summed up events in Salzburg by tweeting "Chequers goes pop" with the hashtag #ChuckChequers. With barely six months until Britain leaves the bloc, at the risk of serious disruption if there is no deal to tie up legal loose ends, there is pressure on both sides: "You can hear very clearly the clock ticking in the room", said the second diplomat.

Author: 0 You're tariffed! Trump announces $200 billion tariffs on Chinese goods

China has previously said it will welcome new trade talks with Washington, but also suggested it would not engage in more negotiations if the United States imposed the tariffs. But Trump quickly backed away from the truce. Apple Chief Executive Tim Cook had dinner with U.S. President Donald Trump last month, though neither gave details of discussions.

Markets China imposes retaliatory tariffs on $60bn in US goods
Author: 0 China imposes retaliatory tariffs on $60bn in US goods

If the administration pursues what it calls "phase three" of the tariff strategy, it would raise the total value of affected Chinese goods to $517 billion - covering almost everything China sells the United States. Officials said they wanted to shield consumer goods from the taxes as much as possible. Another critic of escalating the trade war via tariffs was the head of the China-based American Chamber of Commerce (AmCham), who said Washington's latest action would hurt, not help, USA ...

Markets Coca-Cola considering cannabis beverages
Author: 0 Coca-Cola considering cannabis beverages

Aurora spokeswoman Heather MacGregor also declined to comment about any talks with Coca-Cola , but did confirm that her company does intend to enter the infused beverage market. However, following the news, the Coca-Cola Company released a statement of their own , stating that, as of now, they were only exploring their options.

Author: 0 Australia Warns Consumer to Cut Strawberries After Needles Found Inside Some Samples

Jeannette Young. Three more punnets were found contaminated with needles on Friday, according to ABC Australia . Contaminated strawberries have also been identified in NSW in Tweed Heads, Taree and Wingham. The broadcaster also said wholesale prices have dropped by around half. "If you stop picking them for a few days then they stop producing fruit, so we're trying to weather out this storm and hope that things get better, but to do that it's costing".

Markets The FDA Threatens To Ban Vaping Products Due To Teenage Use
Author: 0 The FDA Threatens To Ban Vaping Products Due To Teenage Use

The FDA warns that teenage use of e-cigs has reached "epidemic proportions " ( 2m middle and high school students reportedly used e-cigarettes regularly last year). The FDA's core message: Children must first be protected from becoming addicted to nicotine even if it means less availability of e-cigarettes for adults trying to use the devices to end their tobacco habits.

Markets Canada ready to allow U.S. dairy access in NAFTA talks
Author: 0 Canada ready to allow U.S. dairy access in NAFTA talks

U.S. President Donald Trump said at the White House that trade talks with Canada were going well and that Ottawa wants to make a deal. "I spoke with Ambassador Lighthizer over the weekend", Freeland said. Talks were expected to resume this week between the two. After her stop in Washington , Freeland is due to attend this week's meetings of the governing Liberal Party of Canada in Saskatoon, Saskatchewan.

Markets Was Obama worse to the press than Trump?
Author: 0 Was Obama worse to the press than Trump?

In an interview with Fox Business , University of MI economics professor Justin Wolfers questioned the origin of the statistics. "Given the two presidents involved, pyrotechnics and bombast were going to happen whether there was a recovery or not", said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and adviser to former Republican presidential candidate John McCain.

Author: 0 Apple could be tax free if it makes products in the US

Apple Inc said a "wide range" of its products including the Apple Watch would be affected by proposed US tariffs on Chinese goods but gave no sign of an impact on its iPhone. It has already hiked tax on $50 billion in Chinese imports. On top of that, strong U.S.jobs numbers on Friday had bolstered bets on a higher dollar on expectations the Federal Reserve will keep raising US interest rates.

Markets Tesla chief accounting officer resigns after a month
Author: 0 Tesla chief accounting officer resigns after a month

Mr Morton - who joined only one month ago - said he was resigning because " the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations ". Over the course of the interview the men discussed a variety of topics including: the future of humanity and artificial intelligence, Tesla , SpaceX, Musk's controversial merchandising decision to produce 20,0000 flamethrowers at $500 a pop, human kindness and love.

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