Oil price TUMBLES: Crude falls as concern grows over weakening USA demand

The price has been on two-way action driven by news influenced momentum but support gained from OPEC crude oil production and supply cut implementation has helped prevent any sharp downside move. USA benchmark West Texas Intermediate (WTI) crude oi... More..

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Tesla to cut workforce by 7%, sees smaller fourth-quarter profit
by | Monday, January 21, 2019

Tesla to cut workforce by 7%, sees smaller fourth-quarter profit

In an email to staff on the firm's website, founder Elon Musk said that growth had been strong. Chief Executive Elon Musk said the company faces a very hard road ahead in trying to make more people afford...More..

US stocks rally amid trade optimism, economic data
by | Sunday, January 20, 2019

US stocks rally amid trade optimism, economic data

US Treasury Secretary Steven Mnuchin in December said China had offered to make an additional $1.2 trillion in additional purchases from the United States, and Bloomberg reported Friday that China has propose...More..

Carlos Ghosn got $9m improperly, Nissan and Mitsubishi say
by | Sunday, January 20, 2019

Carlos Ghosn got $9m improperly, Nissan and Mitsubishi say

Murguet declined to comment on the leadership crisis engulfing Renault-Nissan following Ghosn's arrest in Japan for alleged financial misconduct or any sales impact it may have. Ghosn denies the charges. Mr G...More..

Millions will get a raise if House Democrats succeed
by | Sunday, January 20, 2019

Millions will get a raise if House Democrats succeed

New Jersey would join a handful of states, including California, Massachusetts and NY, in phasing in a $15 hourly wage. At the start of 2019, it was increased to $9.25 per hour. The state legislature will then ...More..

Winter storm threatens 115 million people with snow and ice
by | Sunday, January 20, 2019

Winter storm threatens 115 million people with snow and ice

Next week: After the storm, snow may keep falling downwind of lakes Ontario and Erie while cold winds will likely keep blowing in the central Appalachians and coastal mid-Atlantic through Monday and in New En...More..

Microsoft pledges $500 million for Seattle-area affordable housing initiative
by | Sunday, January 20, 2019

Microsoft pledges $500 million for Seattle-area affordable housing initiative

The funds will be provided over a period of three years. Only 9,000 homes aimed at middle-income earners have been built in... "Here in Puget Sound, we are seeing something that we are seeing in a number of ...More..

Pre-session Mover: Morgan Stanley (NYSE:MS)
by | Saturday, January 19, 2019

Pre-session Mover: Morgan Stanley (NYSE:MS)

The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. Further, mounting operating expenses is a major near-term concern for the ...More..

John Bogle, Vanguard founder who pioneered low-priced investing, dies at 89
by | Saturday, January 19, 2019

John Bogle, Vanguard founder who pioneered low-priced investing, dies at 89

To do this, he offered his private investors (small) shares of investment funds, which should have covered the broad stock market (Index) and thus the risk for the investors to minimize - and all at a lower cos...More..

Blast at leaking Mexico pipeline kills 21 and injures dozens
by | Saturday, January 19, 2019

Blast at leaking Mexico pipeline kills 21 and injures dozens

Scores of locals with jerry cans and buckets had been collecting gasoline that was gushing from a leaking pipeline when an explosion occurred, according to witnesses. Mexico's top federal prosecutor Alejandro...More..

Lotus gears up for China factory under Geely
by | Saturday, January 19, 2019

Lotus gears up for China factory under Geely

When contacted by Reuters , Lotus replied in an email that "details on additional locations and models will be confirmed in due course". The plant there will remain the home of Lotus sports cars , at leas...More..

Federal workers caught in the middle apply for unemployment
by | Saturday, January 19, 2019

Federal workers caught in the middle apply for unemployment

Our Trump-o-meter reads SAD!-the lowest rating-for the second week in a row, as the government shutdown President Trump said he would be "proud" to impose hurts workers more and further damages the US economy...More..

President Trump Spent Over $5,500 on Fast Food for Clemson Tigers
by | Friday, January 18, 2019

President Trump Spent Over $5,500 on Fast Food for Clemson Tigers

Within one hour, it was all gone. "The reason we did this is because of the shutdown ", the president explained. Trump , a fast food lover, said he even paid for their meal himself because of the partial go...More..

United States lawmakers introduce bills targeting Huawei, ZTE
by | Friday, January 18, 2019

United States lawmakers introduce bills targeting Huawei, ZTE

The Justice Department didn't immediately respond to a request for comment. The proposed law was introduced on Wednesday shortly before the Wall Street Journal reported that USA authorities are in the "adva...More..

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible'
by | Friday, January 18, 2019

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible'

The MPs said if Mr Corbyn's efforts to secure an early general election did not succeed, the party should "unequivocally" back a public vote. It is a policy favoured by the Labour Party membership and somethi...More..

Trump Holds Fast On Shutdown As Advisers Warn Of Consequences
by | Friday, January 18, 2019

Trump Holds Fast On Shutdown As Advisers Warn Of Consequences

Democrats have remained unified in arguing the government should reopen while border discussions continue ― and that a wall shouldn't be a part of the negotiation. Presidents traditionally deliver their State o...More..

Taiwan stages live-fire military exercises after China threats
by | Thursday, January 17, 2019

Taiwan stages live-fire military exercises after China threats

China has planned to construct about 1.3 million kilometers of roads and 26,000 kilometers of expressways by 2020 to bolster its military's ability to mobilise more expediently across greater spans of the coun...More..

China's natural gas imports hit record high
by | Thursday, January 17, 2019

China's natural gas imports hit record high

Also last year, China's total imports of unwrought copper products gained 12.9% on year to reach 5.3 million tonnes. Russia-China trade turnover has grown significantly over recent years. Natural gas import...More..

Canadian Air Traffic Controllers Are Sending Pizza to U.S. Colleagues
by | Thursday, January 17, 2019

Canadian Air Traffic Controllers Are Sending Pizza to U.S. Colleagues

Peter Duffey, the head of the Canadian Air Traffic Control Association, said many union members had been looking for a way to show solidarity with their American colleagues, who have been working without pay du...More..

Huawei under investigation for allegedly stealing trade secrets
by | Thursday, January 17, 2019

Huawei under investigation for allegedly stealing trade secrets

Last week, Poland arrested a local Huawei executive and a former intelligence official on allegations of spying for China . It comes as the Trump administration is pressing China to take action on question...More..

Huawei founder denies accusations of spying for China
by | Thursday, January 17, 2019

Huawei founder denies accusations of spying for China

Ren repeatedly insisted that his company had never spied for the Chinese government, even claiming that he would refuse if Beijing asked him to do so, despite his background as a PLA veteran and Communist p...More..

No confidence motion lodged after MPs reject Theresa May’s Brexit withdrawal deal
by | Thursday, January 17, 2019

No confidence motion lodged after MPs reject Theresa May’s Brexit withdrawal deal

Opposition Labour leader Jeremy Corbyn said May had "completely and utterly failed" to ease MPs' concerns and said if she loses the vote on Tuesday night, she must call an election . The vote was of such impor...More..

Hyundai unveils two cars at the North American International Auto Show
by | Thursday, January 17, 2019

Hyundai unveils two cars at the North American International Auto Show

The EV's name and specific details regarding its powertrain and range will be revealed closer to an also yet-unspecified launch window. GM is vowing to reposition Cadillac as an EV brand. Cadillac's new EV...More..

Ford, Volkswagen join forces on pickups, commercial vans
by | Wednesday, January 16, 2019

Ford, Volkswagen join forces on pickups, commercial vans

Carmakers are under pressure to develop cleaner vehicles amid concern over the health risks associated with diesel vehicles. Fiat Chrysler is providing minivans to Google's Waymo autonomous vehicle unit, wh...More..

Canada asks China for clemency over Robert Lloyd Schellenberg
by | Wednesday, January 16, 2019

Canada asks China for clemency over Robert Lloyd Schellenberg

The Chinese media began publicizing Schellenberg's case after Canada detained Meng, who faces extradition to the US on fraud charges. In a move observers see as retaliation, Chinese authorities detained t...More..

Cathay Pacific makes second first class blunder in two weeks!
by | Wednesday, January 16, 2019

Cathay Pacific makes second first class blunder in two weeks!

The Hong Kong airline honored all the tickets it sold in error as a gesture of goodwill, and quipped on Twitter about the "VERY good surprise "special" on New Year's Day". " We are looking into the root cause...More..

Woman barred from Walmart for drinking wine from a Pringles can
by | Wednesday, January 16, 2019

Woman barred from Walmart for drinking wine from a Pringles can

A Texas police station got a odd call last week about a woman riding an electric scooter through a parking lot while drinking wine. The police arrived at the store at 9 a.m. The newspaper reports that pol...More..

Top auto awards go to Hyundai and Ram
by | Wednesday, January 16, 2019

Top auto awards go to Hyundai and Ram

Organizers accept no advertising, though automakers try to capitalize on the marketing value of the awards, which are now in their 25th year. When the ballots were counted, though, jurors selected the Genesis G...More..

M&S adds 17 stores to closure list
by | Wednesday, January 16, 2019

M&S adds 17 stores to closure list

Sacha Berendji, retail, operations and property director at M&S said the company was "radically reshaping our store estate to become more relevant for our customers". "Employees across the sector will be ve...More..

Risk of 'no deal' has never been so high — EU's Barnier
by | Wednesday, January 16, 2019

Risk of 'no deal' has never been so high — EU's Barnier

What started as a fight within the Conservative Party which led to the June 2016 referendum, then spread to a hostile and bitter divide across British society and most parties in Parliament. Of the many Brexit ...More..