Trade deal with Canada 'new dawn' for auto industry

Meanwhile, buoyed by a strong USA economy, Trump may keep tariffs on Chinese goods over the long term so the trade war becomes a "new normal", in which U.S. "I said frankly it's too early to talk, because they're not ready..." Canadian Prime Min... More..

by | Published more than a month ago
Trade deal's new name has Trump written all over it
by | Thursday, October 04, 2018

Trade deal's new name has Trump written all over it

What's in the new deal? Mexico and Canada will also get protections if the USA goes through with plans to impose tariffs on vehicles and auto parts. Trump has complained about". How come NAFTA has been ...More..

Oil heading to $100 & OPEC is ‘powerless to prevent it’
by | Wednesday, October 03, 2018

Oil heading to $100 & OPEC is ‘powerless to prevent it’

Worldwide benchmark Brent crude traded at around $83.01 on Monday, up around 0.34 percent, while US West Texas Intermediate (WTI) stood at around $73.42, more than 0.2 percent higher. Gaps in supply from Iran...More..

Tesco reveals discounter brand Jack's: 'it will cheaper than Aldi and Lidl'
by | Wednesday, October 03, 2018

Tesco reveals discounter brand Jack's: 'it will cheaper than Aldi and Lidl'

Jack Cohen founded Tesco 99 years ago in 1919. The Cambridgeshire shop was originally planned for a Tesco site, with further stores opening on a mix of new sites and spots adjacent to Tesco stores, as well ...More..

Amazon's new $15 minimum wage vs. Jeff Bezos' hourly earnings
by | Wednesday, October 03, 2018

Amazon's new $15 minimum wage vs. Jeff Bezos' hourly earnings

Amazon said the change would benefit more than 17,000 Amazon employees and more than 20,000 seasonal workers who will be hired over Christmas. Amazon also is encouraging other large USA employers to follow it...More..

by | Tuesday, October 02, 2018

Amazon Makes a Big Move on Minimum Wage

Amazon has also thrown down a gauntlet to its competitors, challenging it to match its wages, and has said it will push to increase the federal minimum wage from $7.25 an hour. The company's announcement comes...More..

Tesla shares surge after Elon Musk settles with SEC
by | Tuesday, October 02, 2018

Tesla shares surge after Elon Musk settles with SEC

Musk will remain as CEO of the firm, which will also pay a penalty of $20 million. He is staying on as CEO, but gives up his chairmanship. Investors are cheering Tesla's deal with the SEC that keeps El...More..

Fuel price hiked again, LPG to cost Rs 502.4 per cylinder
by | Tuesday, October 02, 2018

Fuel price hiked again, LPG to cost Rs 502.4 per cylinder

The continuous cries by the common man over rising fuel prices just don't seem to be bothering the ruling government at all. In Patna, the price of petrol is close to touching the psychological mark of ₹90 per ...More..

by | Tuesday, October 02, 2018

Trump set to sell new Mexico-Canada trade agreement

The midnight Sunday deal between US and Canadian negotiators was a decisive victory for President Trump's unconventional approach to trade. "So fair trade is always better than using one commodity to make an a...More..

Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate
by | Tuesday, October 02, 2018

Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate

GE's board, meeting in the last few days, unanimously picked H. Lawrence Culp Jr as its new CEO. The company has recruited two renowned turnaround experts to replace Mr Flannery. Culp, 55 years old, GE brough...More..

GE ousts John Flannery as CEO after 14 months
by | Monday, October 01, 2018

GE ousts John Flannery as CEO after 14 months

GE Power's falling profits past year forced GE to slash its overall profit outlook and cut its dividend for only the second time since the Great Depression. It is a privilege to be asked to lead this iconic com...More..

The DOJ Sues California to Stop Their New Net Neutrality Law
by | Monday, October 01, 2018

The DOJ Sues California to Stop Their New Net Neutrality Law

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. "This is a historic day for California". California...More..

Elon Musk steps down as Tesla Chairman after Controversial Tweet
by | Monday, October 01, 2018

Elon Musk steps down as Tesla Chairman after Controversial Tweet

The electric auto maker is this week expected to reveal how many vehicle deliveries it made during the three months ending in September in an announcement that is being closely scrutinised by investors. "The to...More..

Facebook data leaked for 50 million users in security breach
by | Monday, October 01, 2018

Facebook data leaked for 50 million users in security breach

These access keys also let the attackers theoretically access any other services that someone used Facebook's login service to log in to, whether that's dating app Tinder, or a niche smartphone game, and gain a...More..

Elon Musk to Resign as Chair of Tesla Board but Remain CEO
by | Monday, October 01, 2018

Elon Musk to Resign as Chair of Tesla Board but Remain CEO

Billionaire businessman Elon Musk has stepped down as the Chairman of Tesla following a tweet where he claimed he has the funding and investor support to buy the publicly-traded company. According to the SE...More..

Ryanair strikes disrupt 40,000 passengers across Europe
by | Monday, October 01, 2018

Ryanair strikes disrupt 40,000 passengers across Europe

Ryanair says it is expecting minimal disruption on Friday after it cancelled around 250 flights ahead of a new wave of staff strikes. However, Dutch pilots union VNV said the offer to move staff to local con...More..

Canada, US race against midnight deadline for revamping NAFTA
by | Monday, October 01, 2018

Canada, US race against midnight deadline for revamping NAFTA

The deal will preserve a trade dispute settlement mechanism that Canada fought hard to maintain to protect its lumber industry and other sectors from U.S. The U.S. and Mexico held off on a plan to publish the...More..

Facebook says security breach affected 50 million accounts
by | Sunday, September 30, 2018

Facebook says security breach affected 50 million accounts

It notified the Federal Bureau of Investigation on Wednesday. Facebook has said that up to 50 million user accounts may have been compromised by hackers. You can thank access tokens . Attackers stole ...More..

All the deals you should know about for National Coffee Day
by | Sunday, September 30, 2018

All the deals you should know about for National Coffee Day

Caribou Coffee is also an option for a free cup of joe. QuickChek : Get coupon for free hot or iced java just for downloading the app. Cinnabon: Get a free 12-ounce coffee at participating locations S...More..

US Fed hikes interest rate by 25 basis points to 2-2.25%
by | Sunday, September 30, 2018

US Fed hikes interest rate by 25 basis points to 2-2.25%

Some incoming Fed members have signaled they may soon favor raising the key lending rate high enough to start to restrict the economy , pushing it above the estimated "neutral" rate. Last month, Trump expres...More..

Trade talks stuck in neutral as Trump 'very unhappy' with Canadian negotiator
by | Sunday, September 30, 2018

Trade talks stuck in neutral as Trump 'very unhappy' with Canadian negotiator

Nevertheless, Treasury Secretary Steven Mnuchin on Thursday said while he hopes the U.S. and Canada will reach a trade agreement , he's confident Congress will approve a Mexico-U.S. Canadian officials were qui...More..

Musk defends 'funding secured' tweet as he fights SEC lawsuit
by | Saturday, September 29, 2018

Musk defends 'funding secured' tweet as he fights SEC lawsuit

General Motors reclaimed its crown as the most-valuable American automaker on Friday after Tesla shares plunged more than 13% in the wake of the Securities and Exchange Commission's lawsuit against CEO El...More..

by | Friday, September 28, 2018

Elon Musk: 5 things to know about the SEC's fraud complaint

On Friday morning, Tesla's share price was down another 12% as investors anxious the auto company's leading light was finally out. The 47-year-old billionaire entrepreneur has been directly involved in near...More..

Facebook Resets Passwords to 90 Million Accounts After Security Breach
by | Friday, September 28, 2018

Facebook Resets Passwords to 90 Million Accounts After Security Breach

Facebook says it has taken steps to fix the security problem and alerted law enforcement. "We are working with lawmakers and regulators to let them know what happened", Rosen told reporters. 'We do not yet kno...More..

EU ready to offer May free-trade area after Brexit
by | Friday, September 28, 2018

EU ready to offer May free-trade area after Brexit

The report was launched yesterday by leading Eurosceptics including David Davis, the former Brexit Secretary, and Jacob Rees-Mogg, and endorsed by Mr Johnson as a "real alternative" to Chequers. "That is why ...More..

Tesla building DIY auto carriers to deliver Model 3
by | Friday, September 28, 2018

Tesla building DIY auto carriers to deliver Model 3

They were told the electric cars weren't there to stay, as in flying off the shelves, much to their dismay. Last week, Tesla's Model 3 sedan was awarded a five-star rating by the U.S. This was after Elon Mu...More..

Fed announces interest rate decision
by | Thursday, September 27, 2018

Fed announces interest rate decision

During his remarks Wednesday, Trump reiterated that Fed officials are raising rates because the USA economy is "doing so well". If any more board members indicate they think a December rate hike is merited now,...More..

US Will Almost Certainly Miss NAFTA Deadline
by | Thursday, September 27, 2018

US Will Almost Certainly Miss NAFTA Deadline

Shortly after Trump's news conference, the Prime Minister's Office disputed the president's statement - insisting it did not request a meeting. Remaining sticking points concern Canada's state-managed system ...More..

Barrick and Randgold merger creates £14bn gold mine giant
by | Thursday, September 27, 2018

Barrick and Randgold merger creates £14bn gold mine giant

Randgold Resources Limited is engaged in gold mining, exploration and related activities. The deal is subject to approval by the shareholders of both companies, regulatory approvals and other customary clo...More..

by | Thursday, September 27, 2018

Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

Momentum appeared to have stalled last week in efforts to bridge differences between Washington and Ottawa in negotiations to rewrite NAFTA , which began past year. The U.S. and Canada remain in "near-continuo...More..