Tuesday August 21-st, 2018

Supply disruptions, US attempts to shut out Iran buoy oil prices Supply disruptions, US attempts to shut out Iran buoy oil prices

Now, with the market balanced, it would make little sense for them to flood the market. State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day, the people said, asking not be named discussing con...

Amazon Wants To Set You Up in Delivery Business For $10K Amazon Wants To Set You Up in Delivery Business For $10K

Amazon's new Delivery Service Partners program is created to let entrepreneurs run their own delivery network of up to 40 blue vans with the Amazon Prime logo, according to the Associated Press . He formed a task force to study the Postal Ser...

Iran's judiciary must confront those who disrupt economic security: Supreme Leader Iran's judiciary must confront those who disrupt economic security: Supreme Leader

Iranian President Hassan Rouhani on Tuesday promised Iranians the government would be able to handle the economic pressure of new USA sanctions amid reports of a second day of demonstrations in protest at financial hardship and a weakening rial...

Trump blasts Harley-Davidson over production shift decision Trump blasts Harley-Davidson over production shift decision

In a Securities and Exchange Commission filing Monday, Harley-Davidson said the tariffs imposed by the European Union " would have an immediate and lasting detrimental impact to its business in the region". Copyright 2018 NPR. To see more, visit...

Trump still upset about Harley-Davidson Trump still upset about Harley-Davidson

Trump went on to say "When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India , being too high". The EU responded to U.S. tariffs on steel and aluminium, but hitting a series of Ameri...

Donald Trump threatens to punish Harley-Davidson for move Donald Trump threatens to punish Harley-Davidson for move

The Thailand plant had no connection with the closure of the Kansas City facility, Harley-Davidson Chief Executive Matt Levatich told Reuters in an interview in February. Harley-Davidson announced in January it would close its Kansas City, Miss...

Donald Trump attacks Harley-Davidson for moving production away from the US Donald Trump attacks Harley-Davidson for moving production away from the US

Trump wrote in a series of tweets Tuesday morning. Then he goes on mildly threatening that should it move production overseas, Harley will not be able to sell back to the US without paying a big tax . The U.S.is the largest market for Harley-...

Harley-Davidson To Shift Some Production Overseas Due To Trade War Harley-Davidson To Shift Some Production Overseas Due To Trade War

The company operates manufacturing facilities in Brazil, India and Australia, and is beginning production in Thailand this year. US President Donald Trump said Monday he was "surprised" by Harley-Davidson's decision to shift some manufacturing ...

Harley-Davidson Inc (NYSE:HOG) Stake Lowered by Prudential Financial Inc Harley-Davidson Inc (NYSE:HOG) Stake Lowered by Prudential Financial Inc

Harley-Davidson, Inc. ( HOG ) have shown a high EPS growth of 4.10% in the last 5 years and has earnings decline of -13.30% yoy. While, the analyst predicted that the company could provide an EPS of $0.9/share. Ballew Advisors Inc bought a new positi...

Defusing row, OPEC agrees to output rise Defusing row, OPEC agrees to output rise

OPEC energy ministers today said they would be putting more oil onto the market to meet "extra demand", reaching a last-ditch compromise in a spat that had pitted Saudi Arabia against archfoe Iran. "The Republic of the Congo is thrilled and honored t...

Erdogan claims victory in Turkish elections Erdogan claims victory in Turkish elections

Sadi Guven said the president "received the absolute majority of all valid votes", BBC reported. A total of 103 woman deputies have been elected to the 600-seat parliament in the June 24 poll , according to unofficial data compiled from results...

Canada legalises recreational cannabis Canada legalises recreational cannabis

It was a few weeks ago that the Senate initially passed Bill C-45, but it came with dozens of changes, and those modifications needed to be approved by the House of Commons as well. So far, the United States has yet to respond to Canada's histori...

Tariffs on European cars would hurt United States auto jobs Tariffs on European cars would hurt United States auto jobs

He spoke to White House trade adviser Peter Navarro, Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin about reducing existing tariffs on cars shipped between the U.S. And then there's t...

Tesla to close a dozen solar offices in nine states Tesla to close a dozen solar offices in nine states

The data includes " Tesla's dozens of production videos and confidential photos". "The full extent of his actions are not yet clear, but what he has admitted to so far is pretty bad", Musk wrote without specifying who he was referring to.

Online sales tax ruling could add $150 million to Minnesota’s coffers Online sales tax ruling could add $150 million to Minnesota’s coffers

The case originated from a lawsuit that the state of South Dakota had filed against four online retailers, including the online furniture retailer Wayfair . "It's just not feasible for us to do business with South Dakota while also complying wit...

Oil prices rise ahead of OPEC’s June 22 meeting Oil prices rise ahead of OPEC’s June 22 meeting

Oil prices have been on a roller-coaster ride over the last few years, with the worldwide marker, Brent, trading above $100 a barrel for several years until 2014, dropping to nearly $26 in 2016 and then recovering to over $80 last month. However, bec...

Supreme Court rules for states in online sales tax case Supreme Court rules for states in online sales tax case

IL consumers are supposed to pay use tax to the state if sales tax isn't charged on a purchase, but experts say underreporting is an issue. Writing for the five-justice majority, Justice Anthony Kennedy said that the previous decisions "were ...

Ernst: Trump tariffs on China are a tax on farm families Ernst: Trump tariffs on China are a tax on farm families

Peter Navarro, Trump's most protectionist trade adviser , blasted China during a briefing with reporters on Tuesday. Beijing responded by saying it would hit 659 United States goods worth $50bn with a similar tax. The dollar fell to 110.02 ye...

Trump's policies have caused high oil prices Trump's policies have caused high oil prices

A production increase of about 1 million barrels per day (bpd) or around 1 percent of global supply was emerging as the key proposal for the group and its allies, OPEC sources said , adding that Iran's assent was vital for any agreement.

Escalating trade war between US & China sends shock waves through markets Escalating trade war between US & China sends shock waves through markets

President Trump announced today that he's retaliating for China's retaliation against last week's tariff announcement. "China relationship", Mr. Navarro told reporters, citing the trade imbalance and China's campaign to acquire US technology "b...

Trump imposes 25 per cent duties on $50bn worth of Chinese goods Trump imposes 25 per cent duties on $50bn worth of Chinese goods

China quickly answered with its own tariffs on American goods. The world's two biggest economies are now at war over trade. A $50 billion list of possible USA trade targets announced in April included soybeans, light aircraft, orange juice,...

Trump to nominate Kathy Kraninger to lead CFPB Trump to nominate Kathy Kraninger to lead CFPB

Kraninger, who oversees the preparation of the budgets for several Cabinet departments, was selected over the objection of some officials inside the White House, who argued that her relative inexperience - and association with Mulvaney - could scuttl...

Trump targets $50bn in China goods, vows more if needed Trump targets $50bn in China goods, vows more if needed

Beijing's tariffs on U.S. goods will start on July 6 - the same day as Trump's announced restrictions - and will apply to agricultural products as well as cars. More on that soon. Trump shocked the world and fellow members of the G7 when he chose t...

Anticipation surrounds Fed's rate forecasts after next hike | AP business Anticipation surrounds Fed's rate forecasts after next hike | AP business

Federal Reserve Chairman Jerome Powell speaks at a news conference following the Federal Open Market Committee meetings in Washington, U.S., March 21, 2018. The Federal Reserve is widely expected to increase interest rates again Wednesday, which me...

Dovish ECB Keeps European Shares Climbing Dovish ECB Keeps European Shares Climbing

The euro fell to $1.1658 from $1.1773, and the British pound fell to $1.333 from $1.3358. Asian shares wobbled on Friday as investors braced for United States tariffs against China, while the euro flirted with two-week lows after a cautious Europe...

China imposes equal tariffs on US products China imposes equal tariffs on US products

The decision has been made in line with relevant stipulations of the Foreign Trade Law of China and the Regulations of the People's Republic of China on Import and Export Duties, as well as the fundamental principles of worldwide laws, the statement...

Elizabeth Holmes, Theranos founder, charged Elizabeth Holmes, Theranos founder, charged

Theranos announced Friday that Holmes was resigning as CEO. Holmes, meanwhile, remains chairman of the board. Minutes before the charges were made public, Theranos announced that Holmes has stepped down as CEO. Elizabeth Holmes, CEO of Theranos, at...

3 shot dead in 2 police shootings in Kansas City 3 shot dead in 2 police shootings in Kansas City

Gov Jeff Colyer was briefed on the incident as he arrived to a congressional forum hosted by the Kansas City Chamber of Commerce. The shooting is under investigation by the Kansas City, Kansas, Police Department, Bailiff said, and more information ...

Ethereum spikes after the SEC declares it's not a security Ethereum spikes after the SEC declares it's not a security

He also pushed back on the idea that there can be utility tokens which are not securities, saying "even digital assets with utility that function exclusively as a means of exchange in a decentralized network could be packaged and sold as an investmen...

Mark Sanford: I pledge allegiance to the flag, not to Trump Mark Sanford: I pledge allegiance to the flag, not to Trump

Clair. He aligned himself with comments from retiring Tennessee Sen. Sanford was defeated by state Rep. Katie Arrington , who spent her campaign blasting Sanford a "Never Trumper". The year of the woman continues. Sanford hadn't lost an electi...

Elon Musk’s Boring Company will build high-speed transit tunnels in Chicago Elon Musk’s Boring Company will build high-speed transit tunnels in Chicago

Prices for the express service have not been set, but The Boring Company's proposal said that they'll be more expensive than the Blue Line, but cheaper than a vehicle service. It received permits to start digging in Washington, DC , and in Los ...

Microsoft working on till-free shop tech to rival Amazon Go Microsoft working on till-free shop tech to rival Amazon Go

According to the sources. Microsoft may be gearing up to challenge Amazon on its home turf - the world of retail shopping - by developing cashier-less technology for grocery stores. While there's only one shop in the world where this is now in ac...

Average worker can't afford 2-bedroom apartment anywhere in US Average worker can't afford 2-bedroom apartment anywhere in US

According to the Out of Reach report , no one earning the federal minimum wage or any state minimum wage can comfortably afford a two-bedroom rental home at fair market rent working a 40 hour work week. The average renter in OH earns $13.32 an ho...

"Is Bitcoin [BTC] really Un-Tethered?" - John Griffin and Amin Shams

Their paper seems to confirm what many have believed for months, if not years, that cryptocurrency markets are susceptible to manipulation. Bitcoin soared a year ago, peaking at almost $20,000 in December, before the price collapsed. New resear...

Fed raises rates, Powell talks future plans Fed raises rates, Powell talks future plans

It was the Feds seventh rate increase since it began tightening credit in 2015, and it followed an increase in March this year . Fed officials had been split about whether to raise rates three times this year or four. The US Federal Reserve has vo...

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