Markets

Thanks to Trump, Turkey and Europe get closer

Thanks to Trump, Turkey and Europe get closer

Brunson, a pastor who is a long time resident in Turkey , is alleged by the government to have links to the outlawed Kurdistan Workers Party and the Gulenist movement, both of which are accused of be...

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Saudi cuts oil output as OPEC points to 2019 surplus

Saudi cuts oil output as OPEC points to 2019 surplus

Global oil demand growth for 2019 was lowered by 20,000 barrels per day (bpd) to 1.4 million bpd while non-OPEC oil supply in 2019 was revised up by 30,000 bpd to 2.13 million bpd. Oil demand from A...

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Saudi Arabia’s Wealth Fund Looking To Invest In Tesla Buyout

Saudi Arabia’s Wealth Fund Looking To Invest In Tesla Buyout

In a blog post , Musk said the Saudi fund had been pushing to take the electric carmaker private in talks dating back almost two years and also backed the deal last week. But Musk says he's hoping ...

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Trump OKs stiffer tariffs on Turkish metals as lira plummets

Trump OKs stiffer tariffs on Turkish metals as lira plummets

The move against President Recep Tayyip Erdogan's government also highlights the disconnect between Turkey and the U.S.as they fail to negotiate their way out of an array of conflicts. Analysts su...

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China to slap additional tariffs on $16 billion of U.S. goods

China to slap additional tariffs on $16 billion of U.S. goods

The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of USA goods including coal, grease, Vaseline, asphalt and plastic products, and recyclables. China has already reta...

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Snapchat's new design is driving users away in bunches

Snapchat's new design is driving users away in bunches

Snap narrowed adjusted losses to 14 cents per share on a 44% hike in revenue to $262.3 million. Snapchat founder and Snap CEO Evan Spiegel blamed the decline in users on the redesign of Snapch...

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Doubts grow over Elon Musk’s master plan to take Tesla private

Doubts grow over Elon Musk’s master plan to take Tesla private

Musk later clarified in a blog post that "a final decision has not yet been made", while touting the benefits of running a private company away from the "enormous pressure" of Wall Street's quarte...

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Facebook shares stage comeback on bank Messenger talks

Facebook shares stage comeback on bank Messenger talks

To do the same with major banks, Facebook has been trying to convince them that the conversations will be secure and customers' personal data won't be used in advertising. A JPMorgan spokeswoman told ...

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Musk says he may take Tesla private and shares roar

Musk says he may take Tesla private and shares roar

Mr. Musk's account tweeted: "Am considering taking Tesla private at $420". " Funding secured ", the tweet added, offering no further details on timing or source of funding. His asking price of $420 ...

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Apple becomes world's first trillion dollar company

Apple becomes world's first trillion dollar company

Apple's share price has risen 22 per cent in 2018, eclipsing the US$200 mark earlier this year and valuing the company at more than $US1 trillion. Since the iPhone first went on sale in 2007, Appl...

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Zuckerberg loses $16 billion in record Facebook fall

Zuckerberg loses $16 billion in record Facebook fall

Even though things are now looking dismal for Facebook , there are a handful of Wall Street analysts who are holding to a positive outlook for the company, even though they conceded that the abysma...

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Trump and EU easing trade tensions a

Trump and EU easing trade tensions a "ceasefire", but pressure still on

After Trump slapped steep new tariffs on imports of foreign steel and aluminum earlier this year, China , Mexico, and the European Union imposed retaliatory tariffs on billions of dollars USA goo...

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Colorado Farmers React To Presidents Agriculture Aid Amid Tariffs

Colorado Farmers React To Presidents Agriculture Aid Amid Tariffs

A 20 percent drop in soybean prices since the tariff threats began last spring represents about an $8 billion dollar loss for US farmers, including some $700 million for Minnesota producers. "All will...

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Ahead of EU Meeting, Trump Rails at Domestic Critics

Ahead of EU Meeting, Trump Rails at Domestic Critics

US President Donald Trump hosts European Commission chief Jean-Claude Juncker Wednesday for what is set to be a tense face-to-face, with efforts to resolve a festering trade dispute between the tw...

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State governors delve into foreign diplomacy on trade war

State governors delve into foreign diplomacy on trade war

Long accused of protectionist tactics that make it a hard place for foreign firms to operate, China is trying to reverse that narrative amid the escalating trade war by approving huge investments, s...

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Tory rounds on government over 'scandalous' handling of trade bill

Tory rounds on government over 'scandalous' handling of trade bill

May narrowly avoided a defeat in parliament at the hands of the pro-EU lawmakers from her own party in Tuesday's vote, helped by four opposition Labour lawmakers who went against their party to suppor...

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ZTE pays $1.4 billion penalty; US to lift ban

ZTE pays $1.4 billion penalty; US to lift ban

Department of Commerce on Friday lifted a ban on USA companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business. However, Trump later ...

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Britain clears Rupert Murdoch's Fox to bid for Sky

Britain clears Rupert Murdoch's Fox to bid for Sky

Take a look at Sky today. All eyes will now turn to Fox to see if it will increase its offer for the 61% of Sky that it does not already own. "We could be seeing a bidding prioritization by Comcas...

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Oil markets tense as USA and China on brink of trade war

Oil markets tense as USA and China on brink of trade war

That may reduce the pressure on Saudi Arabia to keep oil prices high, said John Kilduff, partner at energy hedge fund Again Capital LLC in NY. In a Twitter tirade yesterday, Mr Trump urged the...

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Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump

Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump

Late last night, Ryan Fournier , the chairman of the political group Students For Trump , tweeted about the shirt (that also came in adorable onesie form), asking Walmart, "What kind of message are ...

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