Markets

Markets Pakistan PM Khan Says Trump Asked Him to Mediate With Iran
Author: 0 Pakistan PM Khan Says Trump Asked Him to Mediate With Iran

Trump on Tuesday compared Modi to Presley, the late American singer often referred to as the king of rock and roll, after Modi received a rock-star welcome Sunday in Houston . Addressing a press conference here at the UN Headquarters, he said the United Nations had special responsibility on Kashmir as the Security Council had adopted 11 resolutions pledging the right of self-determination to the Kashmiri people.

Markets WeWork's Adam Neumann to step down as CEO
Author: 0 WeWork's Adam Neumann to step down as CEO

The announcement comes in the wake of the company announcing it will delay its highly anticipated initial public offering . "As co-founder of WeWork, I am so proud of this team and the incredible company that we have built over the last decade", Nuemann said in a statement.

Markets No more e-cigarettes at Walmart
Author: 0 No more e-cigarettes at Walmart

Eight people have died , two of them in California. They said Thursday that they have not yet been able to pinpoint the issue. More than 500 people have been diagnosed with breathing illnesses after using e-cigarettes and other vaping devices, according to USA health officials.

Markets Saudi Arabia to restore full oil output by next week
Author: 0 Saudi Arabia to restore full oil output by next week

The extra USA presence is the first step in increasing security, Defense Secretary Mark Esper told reporters; he didn't rule out additional moves down the road. He said: "We will present a plan to the world at the United Nations that the Islamic Republic of Iran, in cooperation with the countries of the region, can create security for the Persian Gulf and the Oman sea with the help of the countries of the region".

Markets Apple's new Mac Pro to be assembled in Texas after tariff waiver
Author: 0 Apple's new Mac Pro to be assembled in Texas after tariff waiver

Apple says that it received "federal product exclusions" on some of the Mac Pro's components, meaning that it doesn't need to pay tariffs when it imports them, which is what Cook's thank you to "the administration" is referencing. suppliers, and we're going to continue growing here". In 2018 alone, it spent over $60 billion with over 9,000 local suppliers. (Reuters/Mason Trinca) Apple's new Mac Pro sits on display in the showroom during Apple's Worldwide Developer Conference (WWDC) in San ...

Markets Walmart To Stop Selling E-Cigarettes
Author: 0 Walmart To Stop Selling E-Cigarettes

The nation's largest retailer said Friday that it will stop selling electronic cigarettes at its namesake stores and Sam's Clubs in the US when it sells out its current inventory. Critics are questioning why Walmart would exit the e-cigarette category while continuing to sell traditional cigarettes. More than 500 people have been diagnosed with breathing illnesses after using e-cigarettes and other vaping devices, according to USA health officials.

Markets Pompeo says he wants 'peaceful resolution' in wake of Saudi oil attacks
Author: 0 Pompeo says he wants 'peaceful resolution' in wake of Saudi oil attacks

In Riyadh, Saudi officials presented wreckage from drones that they said proves the attack was "unquestionably sponsored by Iran". "I think we've demonstrated that", he told reporters. "If you want peace and security for your facilities, and towers made of glass that can not withstand one drone, then leave Yemen alone", he said. Trump said he is not looking to meet Iranian President Hassan Rouhani during a United Nations event in NY this month.

Markets Powell to Trump: Now it's your turn
Author: 0 Powell to Trump: Now it's your turn

However, in a sign of ongoing divisions within the Fed, seven of 17 policymakers projected one more quarter-point rate cut in 2019. The economy appears durable in its 11th year of growth, with a still-solid job market and steady consumer spending.

Markets Oil Price Drops for 2nd Day as Saudi Crude Output Recovers
Author: 0 Oil Price Drops for 2nd Day as Saudi Crude Output Recovers

Yemen's Houthi rebels, who have been locked in a war with a Saudi-UAE-led coalition since 2015, claimed responsibility for the attacks , warning Saudi Arabia that their targets "will keep expanding". "If the United States backs off from its call, repents, and returns to the nuclear treaty it has breached, then it will be able to join the gathering of the parties to the deal (JCPOA) who hold meetings and talk with Iran, otherwise no negotiations will take place between the officials of ...

Author: 0 Oil price jump linked to Saudi Arabian attacks sparks energy stock rally

Trump tweeted on Monday morning after United States officials made the case that the strike on Saudi facilities came from north or northwest, which would put Iran and Iraq in cross hairs, rather than from Yemen where the Iran-backed Houthi militia claimed responsibility.

Markets Libra and cryptocurrencies must be regulated, says France
Author: 0 Libra and cryptocurrencies must be regulated, says France

LEGAL LIMBO Meanwhile, European Union authorities are sending Facebook a clear message that Libra is not welcome in Europe. It goes without saying that Facebook's " cryptocurrency " hasn't had it easy so far. Regulators could ban citizens from holding, buying, or selling the crypto asset, but aside from imposing such strict rules on investors, there's little even the most powerful of governments can do to stop Bitcoin .

Markets US wants to make 'meaningful progress' in China trade talks
Author: 0 US wants to make 'meaningful progress' in China trade talks

Earlier in the day in Beijing , Commerce Ministry spokesman Gao Feng said Chinese firms have started to inquire about prices for US farm goods. "According to my understanding, Chinese firms have started to inquire about prices for US agricultural goods".

Markets China exempts 16 types of U.S. goods from additional tariffs
Author: 0 China exempts 16 types of U.S. goods from additional tariffs

S&P 500 ( SPX ) futures were up 0.5% while Nasdaq (COMP)futures increased 0.7%. But the standoff is a very close second, and more than half of companies surveyed said they were delaying or reducing further investment in China as a direct result of the tit-for-tat tariffs.

Markets Here’s what’s on Wendy’s new breakfast menu
Author: 0 Here’s what’s on Wendy’s new breakfast menu

But, next year, they'll start serving it up at locations all across the U.S. " Breakfast Baconator " is an egg, several slices of bacon, a sausage patty, two slices of American cheese and a dollop of hollandaise sauce. The fast-food chain plans to launch breakfast nationwide in 2020. To support the move to breakfast, Wendy's said the company and its local franchisees plan to hire around 20,000 new crew members across the country.

Markets Millennial mindset is a factor influencing auto sector: Nirmala Sitharaman
Author: 0 Millennial mindset is a factor influencing auto sector: Nirmala Sitharaman

Amid the worst slowdown in the Indian automobile sector, Finance Minister Nirmala Sitharaman stated that the decline in auto sales is not due to just higher tax rates, but because of change in people's mindset. India saw the lowest GDP growth of 5% in six years in Q1. But the GST Council is yet to decide on the rates. The industry has been demanding a GST rate cut from the current peak rate of 28 per cent.

Markets New Saudi oil minister endorses production cuts
Author: 0 New Saudi oil minister endorses production cuts

In his first comments since taking up the role, the minister on Monday endorsed oil supply cuts, saying in Abu Dhabi that they would benefit all producing nations amid an oversupplied market and sagging prices. The Saudi-driven strategy, however, has not been able to push prices up significantly with global trade tensions between China and the US weighing on oil prices.

Markets Hurricane Dorian hovers Over Bahamas, makes slow approach to US
Author: 0 Hurricane Dorian hovers Over Bahamas, makes slow approach to US

News, information is very limited". Hurricane Dorian , which strengthened to a devastating Category 5 storm, made landfall in the Bahamas on Sunday. As of the 9 a.m. update , Dorian remains a Category 3 storm with 115-mph winds. NASA satellite imagery through Monday night showed spots in the Bahamas where Dorian had dumped as much as 35 inches (89 centimeters) of rain, said private meteorologist Ryan Maue.

Markets UK’s Johnson weakened by party defections over Brexit
Author: 0 UK’s Johnson weakened by party defections over Brexit

Johnson insists the potential for a no-deal Brexit must remain an option in negotiations with the EU. 'Then of course if we get the sequencing right and we can get sufficient support across the house we live and breathe for a general election '.

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