Finance

Finance Amazon to launch 3,000 cashierless stores by 2021
Author: 0 Amazon to launch 3,000 cashierless stores by 2021

The tech giant already has four locations of its Go stores up and running, but it may have up to 10 locations open by the end of the year, with as many as 50 by 2019, Bloomberg reported , citing sources close to the situation. The most recent Amazon Go stores are more like the first in terms of size and offerings. The new chain would be a massive expansion of Amazon's retail efforts, which also include Whole Foods as well as bookstores and in-mall kiosks.

Finance Coke eying cannabis-infused drink market
Author: 0 Coke eying cannabis-infused drink market

To expand the range of products the company intends adding to the beverage substance contained in marijuana - cannabidiol (CBD). Coca-Cola's potential foray into marijuana beverages follows a two investments by Constellation Brands , the conglomerate behind drinks like Corona and Svedka, totaling more than $4 billion, into Canopy Growth, the largest publicly traded marijuana firm.

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

Gross domestic product increased at a 4.2 annualized rate in the second quarter of 2018, and the unemployment rate was 3.9 percent in April, 3.8 percent in May and 4.0 percent in June. President Donald Trump spent the morning bragging about the economy . Kevin Hassett , chairman of the Council of Economic Advisers, on Monday told reporters that President Donald Trump tweeted an incorrect claim about the economy.

Finance Tired Boy Donald Trump Says Obama’s Speech Put Him to Sleep
Author: 0 Tired Boy Donald Trump Says Obama’s Speech Put Him to Sleep

Obama tore into Trump and the GOP during the speech, criticizing Trump for "capitalizing on resentment" politicians have capitalized on. Shortly after Obama's remarks concluded, President Trump took the stage at a campaign event in North Dakota, where he reacted to Obama jumping back into politics.

Finance NAFTA talks make progress; U.S., Canadian officials to work into night
Author: 0 NAFTA talks make progress; U.S., Canadian officials to work into night

NAFTA's Chapter 19 allows companies who feel wronged by anti-dumping, or countervailing duties, to have their issues settled by independent panels of experts from the countries caught in the dispute. But it makes up a small amount of all the goods traded between the two countries. "Analysts say that could be very bad for the USA auto industry, which makes cars and sources parts across all three countries".

Finance Donald Trump attacks union leader on Labor Day
Author: 0 Donald Trump attacks union leader on Labor Day

But under US trade rules, the USA team doesn't have to make public the text of the revamped agreement for 30 additional days, buying more time to reach a deal with the Canadians. One tweet laid out the main problem with Trump's pretending to be pro-labor. "We're anxious to move forward with it and anxious to have all three countries involved, because NAFTA has had a devastating effect on the working people of this country for the last 25 years", he said.

Finance China raises fears of 'new colonialism' with $60 billion investment across Africa
Author: 0 China raises fears of 'new colonialism' with $60 billion investment across Africa

He said the $60 billion commitment from Xi would boost Africa's goals for industrial development, infrastructure development, human resources development, health care, the green economy as well as peace and stability. Chinese companies will be encouraged to invest no less than £7.7 billion ($10 billion) in the continent in the next three years, he said. When FOCAC last met in 2015, African leaders and those in China set a goal to double trade to $400 billion by 2020.

Finance Donald Trump Cancels Pay Raises For Federal Employees
Author: 0 Donald Trump Cancels Pay Raises For Federal Employees

However, in the budget plan he released earlier this year, setting spending priorities for the coming year, Trump indicated he would seek a freeze on federal pay. "These numbers are very, very sustainable - this isn't a one-time shot", he said last month after figures showed the United States economy grew at a 4.1% annual rate in the second quarter of the year.

Finance Donald Trump announces new trade deal with Mexico
Author: 0 Donald Trump announces new trade deal with Mexico

Those are the words of Mexico's Economy Minister Ildefonso Guajardo last week as he summarized the progress of talks to renegotiate the North American Free Trade Agreement , according to The Wall Street Journal . U.S., Mexican and Canadian stocks opened higher on Monday on optimism about a trade deal. In the meantime, the White House will begin negotiating with Canada to either add their country to the trade agreement with Mexico or strike a separate deal.

Finance US Fed to continue gradual rate hikes to manage potential risks
Author: 0 US Fed to continue gradual rate hikes to manage potential risks

After all, the Fed's decisions on monetary policy ... The rate hikes are meant to prevent the economy from overheating and inflation from accelerating. "What I do see here is an affirmation of the Powell Doctrine: We've got a framework of the way the world works, we have these estimates, but they are subject to imprecision", said Michael Gapen, chief USA economist at Barclays PLC in NY.

Finance Turkey and France agree to work together against U.S. economic moves
Author: 0 Turkey and France agree to work together against U.S. economic moves

ANKARA , TURKEY-A detained American pastor has become a symbol of a growing rift between Turkey and the United States , but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties.

Finance Erdogan, Macron vow to boost economic ties - Turkish presidential source
Author: 0 Erdogan, Macron vow to boost economic ties - Turkish presidential source

Erdogan has repeatedly told Turks to exchange gold and hard currency into lira , saying the country was involved in an economic war with enemies and a presidential official gave a similar message on Thursday. "The president has a great deal of frustration on the fact that Pastor Brunson has not been released as well as the fact that other US citizens and employees of diplomatic facilities have not been released", Sanders said at a White House briefing Tuesday.

Finance Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again
Author: 0 Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

The Russian foreign minister claims that the USA increased use of sanctions will erode the dollar's role as the top reserve currency . "His rhetoric reflects a desire to support Turkish electronics businesses like Vestel". "If the United States has the iPhone, there's Samsung on the other side", Erdogan said, referring to the top South Korean smartphone maker. "The global financial system is so interconnected that we tend to think of them as a group and financials come under ...

Finance Turkey's Erdogan stands by opposition to high interest rates
Author: 0 Turkey's Erdogan stands by opposition to high interest rates

While some are anxious that making an enemy out of Turkey will only result in grave consequences, others seem to have no qualms about walking away from America's alliance with the nation. also the manufacturers" duty". Turkey remains at loggerheads with the USA over the detention of American pastor Andrew Brunson and a host of other issues.

Finance Turkey turmoil rattles Wall Street, banks take a knock
Author: 0 Turkey turmoil rattles Wall Street, banks take a knock

On Wall Street, the benchmark S&P 500 index rose modestly and remained less than half a percentage point from breaching an all-time high that was set in January. SPX was up 3.00 points, or 0.10 percent, at 2,860.70 and the Nasdaq Composite . IXIC was up 24.70 points, or 0.31 percent, at 7,913.03. Eight of the 11 major S&P sectors were higher.

Finance Harley-Davidson Bombshell Includes Adventure Bike
Author: 0 Harley-Davidson Bombshell Includes Adventure Bike

Harley-Davidson estimates this segment accounts for sales of 273,000 in 2017 model sales in Europe, none of which now bear the bar and shield . Earlier this year, it was believed that Harley-Davidson's first electric motorcycle, the LiveWire , would hit dealerships before the year's end .

Finance McDonald's Introduces a Big Mac-Based 'Currency'
Author: 0 McDonald's Introduces a Big Mac-Based 'Currency'

Starting August 2, customers will receive a cool limited-edition collectible metal coin with the purchase of every Big Mac while supplies last. And that seems to be the case with the McDonald's Big Mac. "When my great-grandfather Jim Delligatti invented the Big Mac at his grill in Uniontown, Pennsylvania, he just wanted to make his local customers happy", said Nick Delligatti, fourth-generation McDonald's owner-operator and great-grandson of Jim Delligatti, the inventor of the Big Mac.

Finance Trump and European Union officials strike 'zero tariff' deal to avert trade war
Author: 0 Trump and European Union officials strike 'zero tariff' deal to avert trade war

Bob Corker (R-Tenn.) told The Washington Post . "Hopefully soon this ill-thought-out policy will end". "What farmers in Iowa and throughout rural America need in the long term are markets and opportunity, not government handouts". The Senate has several key races in agriculture-dependent states like Missouri, North Dakota, and in this November. While the U.S.'s tariffs on imports from China, the EU, Canada and Mexico have been relatively blunt, those levied in retaliation have been ...

Finance China's Xi warns of no winner in Trump trade dispute
Author: 0 China's Xi warns of no winner in Trump trade dispute

And Senator Ron Johnson warned that "no one wins a trade war ". "I will never stop fighting for Iowa families affected by this trade war." . " Many U.S. President Trump's proposed 2019 budget also would have slashed CCC funding, including eliminating funding for one program aimed at helping USA farmers find new markets for their products.

Finance China eyes more vigorous fiscal policy short of strong stimulus
Author: 0 China eyes more vigorous fiscal policy short of strong stimulus

Sources told Reuters on Friday that the Bank of Japan was holding preliminary discussions on possible changes to its monetary policy, which include adjustments to interest-rate targets and stock-buying techniques, and a focus on ways to make the massive stimulus programme more sustainable.

Finance Donald Trump accuses China and EU of illegal currency manipulation
Author: 0 Donald Trump accuses China and EU of illegal currency manipulation

On Thursday, the European Union said it was developing plans to hit back at the USA if it attempted to place import tariffs on cars, something Trump has repeatedly threatened to do. On Friday morning, Trump for a second day criticized the Federal Reserve , breaking with a long-standing tradition at the White House of avoiding any influence, real or perceived, on the independence of the USA central bank.

Finance Thailand diver could take legal action over Elon Musk's
Author: 0 Thailand diver could take legal action over Elon Musk's "pedo" remark

The British diver went on to say Musk "can stick his submarine where it hurts ". Musk posted the baseless accusation shortly after. Musk had already attracted criticism for his approach to the Thai rescue after Narongsak Osatanakorn, head of the joint command center, said the mini-submarine was sophisticated, but not practical for the operation.

Finance Elon Musk calls British cave rescuer a ‘pedo’
Author: 0 Elon Musk calls British cave rescuer a ‘pedo’

Earlier, Unsworth , who helped rescue 12 boys and their soccer coach from a Thai cave, criticized Musk for creating a " PR stunt ". In the same tweet, Musk also responded to Unsworth's claim that the he was asked to leave the cave and his help was not appreciated by officials leading the rescue mission.

Finance Trump’s order for OPEC to reduce prices is insulting - Iranian oil minister
Author: 0 Trump’s order for OPEC to reduce prices is insulting - Iranian oil minister

US crude futures slipped on Thursday after data showed an unexpected 1.3 million-barrel build in crude inventories. Brent crude futures LCOc1 were at $77.78 per barrel at 0137 GMT, down 46 cents, or 0.6 percent, from their last close. sanctions. Oil Industry experts believe Opec's biggest member can raise output by about 1 million bpd to 11 million bpd and even that would be a tall order in the short term.

Finance Pompeo to visit Mexican president-elect; discuss immigration, trade
Author: 0 Pompeo to visit Mexican president-elect; discuss immigration, trade

The leader of Mexico's other NAFTA partner, Canadian Prime Minister Justin Trudeau, welcomed Lopez Obrador's victory, calling Mexico a "close friend". In brief remarks at a hotel in central Mexico City late Sunday, Lopez Obrador called for reconciliation after a polarizing campaign and promised profound change but with respect for the law and constitutional order.

Author: 0 Iran announces plan to circumvent U.S. oil sanctions

President Trump also touted the promise in a tweet Saturday. On Monday , Hook expressed confidence that the USA sanctions policy would not prompt mass shortages, but analysts have expressed doubt that Saudi Arabia can increase production by as much as Trump described.

Finance Iran's Rouhani hints at threat to neighbors' exports if oil sales halted
Author: 0 Iran's Rouhani hints at threat to neighbors' exports if oil sales halted

Iranian officials in the past have threatened to block the Strait of Hormuz, a major oil shipping route, in retaliation for any hostile United States action against Iran. Saudi Arabia and Russian Federation are expected to make up the bulk of the extra oil production, since few other big oil producers have room to ramp up output significantly, if at all.

Finance German government crisis: What are Merkel's options?
Author: 0 German government crisis: What are Merkel's options?

Under the new policy, which is still pending approval of the Social Democrats, another party in Merkel's delicate coalition, Germany would create so-called "transit centers" along the border. after a tough struggle and hard days", Merkel said, describing the holding and processing centres. Seehofer told party colleagues at an executive committee meeting on Sunday that discussions with Merkel had been fruitless, according to a party source.

Finance Turkey's Erdogan wins second term in presidential poll
Author: 0 Turkey's Erdogan wins second term in presidential poll

Turkish President Recep Tayyip Erdogan is taking on extensive new executive powers following his outright election victory in Sunday's poll . Recep Tayyip Erdogan on Sunday declared victory in Turkey's presidential election after unofficial results showed that he had won 52.6 percent of the vote.

Finance Trump threatens 20 percent tariffs on European Union cars
Author: 0 Trump threatens 20 percent tariffs on European Union cars

Build them here!", he tweeted. In a tweet Friday, Trump complains about European Union trade barriers and vowed "if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S.

Finance Fed hikes interest rates again, raises outlook for more increases in 2018
Author: 0 Fed hikes interest rates again, raises outlook for more increases in 2018

According to CNBC , the Reserve released new data this week showing the GDP forecast rose to almost 3%, up from the previous predictions of 2.7%. "Economic activity has been rising at a solid rate", the FOMC said in its statement . "Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly". Job growth has consistently outperformed in recent years , driving unemployment down to 3.8 percent in May, the lowest ...

Finance Judge Approves AT&T Mega-Merger Over Trump Opposition
Author: 0 Judge Approves AT&T Mega-Merger Over Trump Opposition

In court the justice department argued an integrated company would use its size to raise prices and that it was problematic for one company to own a top pay-TV distributor, AT&T's DirecTV, as well as Time Warner , a company that makes content distributed by DirecTV's rivals.

Finance Porsche Taycan confirmed as name for Mission E production vehicle
Author: 0 Porsche Taycan confirmed as name for Mission E production vehicle

A quick refresher: The Taycan is a sport sedan with an electric powertrain riding on a Porsche-developed platform code-named J1. With this setup, Porsche claims that the Taycan will complete a 0-100 km/h sprint in 3.5 seconds and take just under 12 seconds for a 0-200 km/h speed run.

Finance ZTE fined $1 billion
Author: 0 ZTE fined $1 billion

The ban amounted to a death sentence for the company, which relies on us parts. "Now, if they do violate it again, in addition to the billion dollars they're paying us right up front, we have them put $400 million in escrow so the total deal is a billion 400 million", Ross said .

Finance Tesla shares rise as Musk says Model 3 set to hit target
Author: 0 Tesla shares rise as Musk says Model 3 set to hit target

Elon Musk , co-founder and chief executive of Tesla , speaks at a Boring Company event on May 17 in Los Angeles. In recent months, Tesla has been beset by critical production challenges involving its highly anticipated Model 3 sedan , accusations of poor worker safety and discrimination at company facilities, and headline-grabbing wrecks and investigations that have raised questions about the company's semiautonomous technology.

Finance Microsoft reportedly agrees to acquire GitHub
Author: 0 Microsoft reportedly agrees to acquire GitHub

Under Nadella, who replaced Ballmer in 2014, the company has formed partnerships with Linux , and launched a number of open-sourced products and services with other companies . That's what makes Microsoft's rumored announcement so exciting. The BBC is among those to use it to share some of its open source code . It's also a social network of sorts for developers.

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