Markets

Markets Wall St drifts higher with G20 summit underway
Author: 0 Wall St drifts higher with G20 summit underway

The S&P 500 is headed for its best month since January, rebounding from a rout in May to leave it higher by 3% for the quarter. The report, entitled "Prospects for China-US trade, seeking a rational solution via the Argentina Consensus", comprises four sections, basically focusing on misunderstandings surrounding trade deficits, negative impact of trade friction, voices calling for a resolution and China's endeavors to improve the foreign investment environment.

Markets Trump to meet Xi, Putin at G20 in Japan
Author: 0 Trump to meet Xi, Putin at G20 in Japan

Trump advisers have said no trade deal is expected at the meeting but they hope to create a path forward for talks. Trump and Xi will sit down together at the Group of 20 summit meeting in Osaka, the first time they have done so since trade talks between the world's two largest economies broke down in May.

Markets No preconditions in trade talks with China: White House's Kudlow
Author: 0 No preconditions in trade talks with China: White House's Kudlow

The report also said China wants the United States to lift all punitive tariffs and abandon efforts to get China to promise to buy even more USA goods than it previously agreed to do - a reiteration of long-standing demands. "The U.S.'s threat to add tariffs can not scare us", Geng said. "My Plan B with China is to take in billions and billions of dollars a month and we'll do less and less business with them", Mr Trump said on Wednesday (June 26) during an interview with Fox Business ...

Markets FedEx sues United States government on task of overseeing China exports
Author: 0 FedEx sues United States government on task of overseeing China exports

In its suit, Huawei is asking the court to compel the Commerce Department to make a final determination about the equipment's status and if it finds that it isn't subject to export controls, to release the equipment immediately. Smith said the company remained committed to operating in China and "completely dedicated" to complying with Chinese laws. It looks like FedEx may now be going above and beyond even the Trump administration to enforce that ban on its own.

Markets The AbbVie and Allergan deal: 'Two turkeys don't make an eagle'
Author: 0 The AbbVie and Allergan deal: 'Two turkeys don't make an eagle'

Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total consideration of $188.24 per Allergan share, a premium of 45 per cent to Allergan's Monday close. has struggled to generate growth but doesn't face any key near-term exclusivity loss", wrote Raymond James analyst Elliot Wilbur in a research note. He believes AbbVie also is taking advantage of Allergan's low stock price.

Markets Trump eyes more Iran sanctions; military action still on table
Author: 0 Trump eyes more Iran sanctions; military action still on table

That would have taken place probably within half an hour after I said 'go ahead". Her husband, Richard Ratcliffe, said: "I've been asked how hopeful I am". The digital response reportedly targeted an Iran-based spy group that was involved in last week's mine attacks on cargo ships. Israeli military analysts are afraid that a weak U.S.

Markets Air Canada: Woman wakes up alone on dark, parked plane
Author: 0 Air Canada: Woman wakes up alone on dark, parked plane

Air Canada passenger Tiffani Adams was on a short 90-minute flight between Quebec City and Toronto Pearson International Airport when she fell asleep. "He tried exiting out of the front door, and we stopped him, so we went to his seat and we turned on the lights bright". Eventually she flagged a man driving a luggage cart who happened to be driving past the plane.

Markets Minneapolis Fed President Kashkari advocated for 50 basis point rate cut
Author: 0 Minneapolis Fed President Kashkari advocated for 50 basis point rate cut

Other problems have cropped up for the Fed, most notably the unpredictable path of USA trade negotiations, and signs that global economic growth may be slowing. The focus now shifts to whether the United States and China can resolve their trade row at a summit in Japan next week of leaders from the Group of 20 leading world economies.

Markets Apple asks for exemption from planned USA tariffs
Author: 0 Apple asks for exemption from planned USA tariffs

Among these countries, India and Vietnam are the favourites which makes sense, given with their much lower currency and the amount of labour workforce. Up till now, Apple has skirted across the Trump administration's tariffs, regardless of its heavy reliance on Chinese manufacturing. The US and China have already slapped each other with import duties on multiple product categories.

Markets Frontier Becomes First U.S. Customer to Buy A321XLR
Author: 0 Frontier Becomes First U.S. Customer to Buy A321XLR

Airbus is also in talks with leasing company GECAS and US airline JetBlue about potential A321XLR deals, sources familiar with the matter have said. Airbus reported 383 orders and commitments including 239 for the A321XLR. American Airlines is looking to replace its aging fleet of Boeing 757 jets, and the order for the A321XLR heightens pressure on Boeing .

Markets Will the Fed lower interest rates in July? Here's what traders think
Author: 0 Will the Fed lower interest rates in July? Here's what traders think

The Fed on Wednesday suggested rate cuts might start as soon as next month, saying it was ready to take action in the face of growing economic risks. The president has previously explored firing Powell. Apart from the propriety of jaw-boning what is supposed to be an independent central bank, it's bad economics.

Markets Finance minister acknowledges skepticism, vows to build Trans Mountain expansion
Author: 0 Finance minister acknowledges skepticism, vows to build Trans Mountain expansion

And demands by local communities at two spots along the 1,150-km route, including one at the Coldwater First Nation which suffered from a pipeline leak, that it alter its path, will be dealt with through consultations, said Anderson. Weaver said he's happy with what he has seen the NDP do so far in opposition to the pipeline and "we support government continuing down this path".

Markets Binance Research: Facebook’s Libra Could Spark Additional Cryptocurrency Volume
Author: 0 Binance Research: Facebook’s Libra Could Spark Additional Cryptocurrency Volume

This coin-storing code will be available initially in WhatsApp and Messenger and as a standalone app for Android and iOS next year, the Silicon Valley goliath says . Earlier this year, United Kingdom lawmakers said the company behaved like "digital gangsters". Calibra, the company behind the financial service, is meant to address this problem since it will allow those who don't have a bank account to save, send and spend Libra.

Markets Gulf of Oman tanker attacks
Author: 0 Gulf of Oman tanker attacks

Iran said it was "alarming" of the USA to blame Iran for the attack on the two oil tankers , adding that it was responsible for maintaining security in the region. Joshua Frey, a 5th Fleet spokesman. Safe havens including Gold are on the bids as a recent tussle between the United States and Iran over 2 oil tankers' blast in the Gulf of Oman turns serious.

Markets Russian Energy Minister: Oil Could Still Drop To $30
Author: 0 Russian Energy Minister: Oil Could Still Drop To $30

U.S. West Texas Intermediate crude futures were down $1.39, or 2.6%, to $51.88 a barrel. The price of Brent oil was $63.29 and US WTI crude was $53.99. Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply.

Markets United Technologies To Acquire Raytheon In Massive Aero Merger
Author: 0 United Technologies To Acquire Raytheon In Massive Aero Merger

Raytheon's stock traded about 1.4 percent higher to $188.55 per share Monday afternoon, while United Technologies traded lower by 2.2 percent at $129.20 per share. "We want to emphasize, particularly for the benefit of United Technologies employees, this does not mean that we're exiting operations in CT, and moving to Boston", said Hayes.

Markets Build A Bear bringing back popular pay your age promotion
Author: 0 Build A Bear bringing back popular pay your age promotion

It was so popular some stores were forced to close due to safety concerns. Build-A-Bear plans to award tickets to 200,000 customers across the globe. More than 200,000 tickets will be given out, including 175,000 tickets in the U.S. Only a limited number of people will be able to attend the event.

Markets Halo Infinite launches on Xbox One, PC and Xbox Scarlett Holiday 2020
Author: 0 Halo Infinite launches on Xbox One, PC and Xbox Scarlett Holiday 2020

As an introductory offer, Microsoft is also offering the paid subscription at as low as Rs. 50 ($1) to Xbox Live Gold and Xbox Game Pass for Console subscribers. Xbox Live Gold - $9.99 / £6.99 / ₹699 per month, with access to online multiplayer games and discounts. I don't know why I watch Microsoft's events each year (OK, I do - it's my job), but I always start out with a bit of optimism that this year it will finally show me something that will make me want to rush out and ...

Markets Hicks: Jobs Report Not Enough to Lead to Rate Cuts
Author: 0 Hicks: Jobs Report Not Enough to Lead to Rate Cuts

Fratantoni added that the outlook for home sales and mortgage activity this summer remains brighter than a year ago, however, given that mortgage rates have fallen recently. The big miss could increase calls for the U.S. central bank, the Federal Reserve, to cut interest rates for the first time in over a decade. Another report this week showed a drop in online adverts by businesses looking for help.

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