Finance

Finance IEA: US to become 2nd biggest oil exporter by 2024
Author: 0 IEA: US to become 2nd biggest oil exporter by 2024

International Brent crude oil futures marked a 2019-peak of $67.80 per barrel in Asian morning hours. "With OPEC's cuts in full-swing ... persistent supply issues and a deteriorating picture on Venezuela , oil is looking well supported", said Jasper Lawler, head of research at futures brokerage London Capital Group.

Finance Tesla Rolls Out Electric SUV
Author: 0 Tesla Rolls Out Electric SUV

It's fair to say the automaker is up against an entirely different set of hurdles than it was on March 31, 2016. The Model Y's immediately-recognizable problem is that it looks like it shares over 90% of its parts with the Model 3 , rather than the 75% Tesla claims.

Finance United Kingdom seeks to slam the brakes on Brexit, but what comes next?
Author: 0 United Kingdom seeks to slam the brakes on Brexit, but what comes next?

Another will try to prevent May bringing her European Union twice-rejected divorce deal back for a third vote. Work and Pensions Minister Sarah Newton quit after defying the whips to vote for the cross-party proposal. A new round of Brexit tussles came a day after chaotic scenes in the House of Commons, when lawmakers voted to rule out leaving the European Union without an agreement on divorce terms.

Finance China says working with US on trade deal
Author: 0 China says working with US on trade deal

China's data on Friday showed its surplus with the United States narrowed to $14.72 billion in February from $27.3 billion in January, and it has promised to buy more US goods such as agricultural products as part of the trade discussions.

Finance First look at Tesla’s next-generation Supercharger V3 in action
Author: 0 First look at Tesla’s next-generation Supercharger V3 in action

Tesla says that only the Model 3 will be updated to support the maximum charge rate of 250 kW, at least for now. While much of the enabling technology for this comes from the new cable design and a 1 megawatt Supercharger power cabinet, Tesla is updating the Model 3 as well to optimize itself pre-charge.

Finance USA to end trade preferences for Turkey, India
Author: 0 USA to end trade preferences for Turkey, India

Preferential trade treatment for India now allows $5.6bn (£4.3bn) worth of exports to enter the United States duty free, according to Reuters . The move, the professor at the University of Kansas School of Law said in an interaction with BloombergQuint, signifies a change in tone of India-U.S.

Finance Victoria's Secret closing more than 50 stores after poor holiday sales
Author: 0 Victoria's Secret closing more than 50 stores after poor holiday sales

A drop in sales of 3 per cent over the Christmas period, combined with a fall of in-store sales by 7 per cent, meant shares in the parent company dropped by nearly 9 per cent this week. The Columbus, Ohio company also operates Bath & Body Works. The company closed 30 stores past year as more people turned to online shopping than malls.

Finance Guaidó to visit Brazil for talks on Venezuela
Author: 0 Guaidó to visit Brazil for talks on Venezuela

Charter such as sovereign equality, non-intervention in internal affairs and the peaceful settlement of disputes. Mr Arreaza spent much of a speech to the top United Nations human rights body denouncing what he called U.S. Members of the United Nations Security Council gather during a meeting about the situation in Venezuela, in NY, U.S., February 26, 2019. Over the weekend, violent protests broke out in towns along Venezuela's border with Colombia and Brazil.

Finance Fortnite Ads Pulled From YouTube After Predator Controversy
Author: 0 Fortnite Ads Pulled From YouTube After Predator Controversy

The shocking video has been edited in between the Nintendo game Splatoon and the man Filthy Frank a YouTuber says "Remember, kids, sideways for attention, longways for results". This comes in the wake of YouTube removing millions of videos and channels a year ago for spam, scams, extreme content, or conspiracy theories.

Finance Oil remains bid in Asia on Venezuela sanctions and OPEC output cut
Author: 0 Oil remains bid in Asia on Venezuela sanctions and OPEC output cut

WTI Crude, according to Goldman Sachs, will average US$55.50 a barrel, compared with an earlier estimate of US$64.50 a barrel. Falih pointed out that the state-owned oil company "Saudi Aramco" was planning to develop an worldwide energy exploration and production business, stressing that the overseas expansion would be the company future's "core pillar".

Finance Trudeau ‘surprised’ by minister’s resignation
Author: 0 Trudeau ‘surprised’ by minister’s resignation

Even so, a full contingent of Team Trudeau cabinet ministers is nevertheless set to hit the circuit to tout their government's record, although each and every one of them should be prepared to face questions on the latest developments in the SNC Lavalin controversy.

Finance Amazon drops huge chunk of change on self-driving auto tech
Author: 0 Amazon drops huge chunk of change on self-driving auto tech

Amazon's investment, which an Aurora blog post terms "significant", comes as part of a Series B funding round of more than $530 million led by Sequoia. The new $530 million round marks marks the first time the online retail giant has publicly invested in the self-driving vehicle market, which amounts to a significant endorsement.

Finance Amazon exploring potential alternatives to New York HQ
Author: 0 Amazon exploring potential alternatives to New York HQ

Unlike in Virginia and Tennessee, where legislators emphatically approved and incentivized the building of Amazon HQ with millions of dollars in project investments, a group of NY legislators and unions are banding together in disapproval.

Finance Venezuelan opposition welcomes Canada's call for military backing
Author: 0 Venezuelan opposition welcomes Canada's call for military backing

The stash included at least 19 rifles and 118 magazines, high-caliber ammunition, as well as 90 radios and six mobile phones - and was likely sent from Miami, Florida on Sunday, authorities believe. - The top brass of Venezuela's military has shown no sign of leaving Maduro's side. Some EU countries hoped to go further than a joint statement on Venezuela agreed ten days ago declaring Maduro's re-election illegitimate and warning of "further actions, including on the issue of recognition of ...

Finance Brexit promoters deserve a 'special place in hell,' European Union official says
Author: 0 Brexit promoters deserve a 'special place in hell,' European Union official says

He was backed by the former Conservative Brexit minister Steve Baker, who tweeted that the prime minister should "expect a further substantial defeat" if she fails to remove the backstop altogether. Mrs May is now seeking new tweaks to the negotiated deal which was voted down by the House of Commons last month. Keen to avoid the economic disruption a no-deal Brexit would bring to Germany's economy, which slowed sharply past year, Merkel also values Britain as a like-minded partner and wants ...

Finance Alibaba Experience Slowdown On Revenue Growth
Author: 0 Alibaba Experience Slowdown On Revenue Growth

Last year Alibaba netted a record $30-billion from Singles' Day. However, Alibaba's earnings results - often seen as a yardstick of consumer spending in the world's second-largest economy - are likely to ease some worries. China's economy posted a 6.6% expansion in 2018, the slowest in 28 years, as factory activity and domestic demand tapered. Alibaba finance chief Maggie Wu said the profitability from the company's core commerce business allowed it to generate the money to continue to ...

Finance Venezuela's Maduro says ready for talks with opposition
Author: 0 Venezuela's Maduro says ready for talks with opposition

He huddled with military troops early Wednesday and has overseen military exercises in recent days while seeking to consolidate support from the armed forces. Venezuela was plunged into political turmoil last week after the United States recognised Guaido, 35, as acting president, while Russian Federation has continued to back Maduro.

Finance Venezuela: Nicolas Maduro, Juan Guaido vie for military control
Author: 0 Venezuela: Nicolas Maduro, Juan Guaido vie for military control

However, the power of the country we are talking about is in decline. Russia , Belarus, Bolivia, Iran, Cuba, Nicaragua, El Salvador and Turkey voiced support for Maduro, while China called for resolving all differences peacefully and warned against foreign interference.

Finance Jewish family says kicked off plane for 'religious reason' not body odor
Author: 0 Jewish family says kicked off plane for 'religious reason' not body odor

There's nothing wrong with us'. "I want them to own up to what really happened and to tell me the truth", Adler said . An American Airlines spokesperson issued a statement to Yahoo Lifestyle , saying , "They were asked to deplane after multiple passengers, along with our crew members and Miami airport team, were concerned about the comfort of our other passengers due to the odor".

Finance China's Huawei reportedly targeted in United States criminal investigation
Author: 0 China's Huawei reportedly targeted in United States criminal investigation

Establishing that it is USA policy to enforce denial orders banning the export of US parts and components to Chinese telecommunications companies that have violated USA export control laws or sanctions. Rep. Gallagher said: "Chinese telecom companies like Huawei pose an increasing threat to U.S. national security". On Wednesday, a bipartisan group of US lawmakers introduced bills that would ban the sale of U.S.

Finance No clear path for California as massive PG&E utility nears bankruptcy
Author: 0 No clear path for California as massive PG&E utility nears bankruptcy

PG&E's shares plummeted more than 48 percent during morning trading Monday. The announcement comes after the company has claimed liability for the 2017 and 2018 Northern California wildfires . PG&E stated the corporate had initiated a search to interchange the highest official, Geisha Williams, who had led the utility since 2017. Action News Now reporter Christina Vitale spoke with a lawyer to break down what bankruptcy means for the company.

Finance Tesla Cuts Prices on All Cars by $2000
Author: 0 Tesla Cuts Prices on All Cars by $2000

Tesla Inc . ( TSLA .O) shares dropped as much as 10 per cent on Wednesday after the company reported fourth-quarter Model 3 deliveries just below estimates and said it would lower the price of its cars, prompting at least one analyst to flag the selloff as "overdone".

Finance Sears chairman seeks extension to finance bid to keep company alive
Author: 0 Sears chairman seeks extension to finance bid to keep company alive

Sears continues its struggle to survive. The hedge fund owner of Sears announced plans Friday to close 80 stores, including two in Maryland, amid a looming bankruptcy deadline. A Sears spokeswoman declined to comment. Reuters and CNBC reported Lampert's bid earlier Friday evening. Sears told workers this week it expects to begin liquidation sales at the 80 stores in two weeks.

Finance China-United States head for trade negotiation, signs ending trade war
Author: 0 China-United States head for trade negotiation, signs ending trade war

The U.S. team will be led by Deputy Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury undersecretary for global affairs, Bloomberg said. China also announced the suspension from January 1 to March 31, 2019, of 25 percent of the taxes applied to 144 products of the United States automotive sector and advanced new agreements in the fields of agriculture and energy.

Finance Transformer explosion at power plant turns New York skyline blue, causes outages
Author: 0 Transformer explosion at power plant turns New York skyline blue, causes outages

No injuries were reported , and by 11 pm power was partially restored at the airport . InsideEdition.com's Lisa Voyticki reports. De Blasio's spokesman Eric Phillips tweeted that "scattered" power outages were reported elsewhere. New York Governor Andrew Cuomo said crews were working to fully restore power "as soon as possible", but he did not offer a timeline. And Con Edison shed more light on the cause of the excitement.

Finance Stocks rebound after pre-holiday thumping
Author: 0 Stocks rebound after pre-holiday thumping

Nasdaq rose 5.8 percent or 361 points to 6,554. All told, the S&P 500 index rose 116.60 points, or 5 per cent, to 2,467.70. The call was a signal to the market, at least for a day, that Mnuchin perhaps knew something bad coming down the pike.

Finance Trump Implores Fed to Forego Another Interest Rate Hike
Author: 0 Trump Implores Fed to Forego Another Interest Rate Hike

The president isn't wrong about the dollar, which has made modest gains against a basket of currencies, hitting a 19-month high at close on Friday. "We believe the USA economy can sustain strong performance next year, but it can ill afford a major policy error, either from the Fed or the rest of the administration", Druckenmiller said in a December 17 op-ed published by The Wall Street Journal .

Finance Canada's dilemma over Meng Wanzhou and Huawei
Author: 0 Canada's dilemma over Meng Wanzhou and Huawei

Business activities are always affected by changes in politics and the economy, Liu Ying, a research fellow at Renmin University of China, told Global Times , adding that Canada, as a sovereign state, should not have intervened in the matters surrounding Meng.

Finance Britain's May could survive no-confidence vote by lawmakers
Author: 0 Britain's May could survive no-confidence vote by lawmakers

Legislators began casting their secret ballots in a wood-panelled room in Parliament after May's Conservative opponents, who have been circling for weeks, finally got the numbers they needed to force a vote of no confidence . May said before the vote that it was "now clear" the backstop needs to be temporary, and that she was confident she could still win approval in Parliament for her withdrawal plan with further assurances from the EU.

Finance Marlboro owner Altria makes £1.4bn bet on cannabis
Author: 0 Marlboro owner Altria makes £1.4bn bet on cannabis

Altria will also pay another $1.4 billion for warrants that if exercised, would give the Altria a 55 percent ownership stake in the Toronto company. "In Canada the focus seems to still be on capacity, but that is not what this is about", the Cronos CEO added . We want to work with local partners to create value in the supply chain.

Finance Saudi Arabia works on convincing Russian Federation to join oil cuts
Author: 0 Saudi Arabia works on convincing Russian Federation to join oil cuts

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries (OPEC). Barclays said it expected "the global economy to slow over the next several quarters" although it added that "not one major economy is near recession".

Finance Trump's advisers struggle to explain deal he says he cut with Xi
Author: 0 Trump's advisers struggle to explain deal he says he cut with Xi

After 90 days, if there's no progress on structural reform, the US will raise those tariffs to 25 percent, White House Press Secretary Sarah Huckabee Sanders said in a statement. Both countries agreed they will try to have this "transaction" completed within the next 90 days, but if this does not happen then the 10 per cent tariffs will be raised to 25 per cent, it added.

Finance Microsoft has caught up to Apple in market value
Author: 0 Microsoft has caught up to Apple in market value

Apple became the first US company to surpass a market cap of $1 trillion last August. While Microsoft dominated Apple during the 80s and 90s, Steve Jobs finally one-upped Bill Gates with the release of the iPod and then the iPhone in the mid-2000s.

Finance After Khashoggi killing, Saudi prince seeks to rebuild image overseas
Author: 0 After Khashoggi killing, Saudi prince seeks to rebuild image overseas

Moreover, Corker said that they may look at "additional legislation" targeting the crown prince, potentially even by attaching spending legislation Congress must clear by December 7. Trump shocked US lawmakers and world leaders when he vowed to maintain a partnership with Saudi Arabia, despite mounting evidence that MBS ordered the assassination of Khashoggi, a Washington Post columnist who had criticized the crown prince.

Finance GM to close plants in Canada, Ohio, Maryland and MI
Author: 0 GM to close plants in Canada, Ohio, Maryland and MI

Shares spiked on the news. Plants that will be " unallocated " in 2019 include Lordstown, as well as Detroit-Hamtramck in MI and Oshawa Assembly in Ontario, Canada. Under Unifor's four-year contract signed in 2016, GM must give the union a year's notice before closing the plant. "We think it is appropriate to do it at this time while the company is strong and the economy is strong".

Finance Coli Outbreak has Belize concerned about Lettuce
Author: 0 Coli Outbreak has Belize concerned about Lettuce

The contaminated lettuce is likely still on the market, Gottlieb told The Associated Press in a phone interview. "We did feel some pressure to draw conclusions as quickly as we could", he said. The CDC said that the strain of the current outbreak has the "same DNA fingerprint as the E. coli strain isolated from ill people in a 2017 outbreak".

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