Markets

Markets Reports Show Lopez Obrador With Landlside Win in Mexico Election
Author: 0 Reports Show Lopez Obrador With Landlside Win in Mexico Election

That's where the similarities with his counterpart north of the border end. Mexico-US relations deteriorated following the election of Donald Trump as US president in November 2016. "But it has to be made clear that he has to deliver what he promises and not become like the rest", he said. "Mexico is a free country, it is a sovereign nation", Obrador said.

Markets Chaos in Merkel's coalition after key minister offers to resign
Author: 0 Chaos in Merkel's coalition after key minister offers to resign

Merkel's Christian Democratic Union (CDU) passed a resolution on Sunday night supporting her position on migration. German Interior Minister Horst Seehofer, of the Bavarian party, has been pushing for tougher measures on illegal immigration and presented the deal as a victory.

Markets Nike has already started removing the iconic LeBron James banner in Cleveland
Author: 0 Nike has already started removing the iconic LeBron James banner in Cleveland

Rondo figures to be the fourth player to come to terms with the Lakers after the massive LeBron James announcement, following the one-year agreements with Kentavious Caldwell-Pope , Lance Stephenson and JaVale McGee . The saving grace is that Rondo's contract is for one year, meaning it won't compromise the Lakers' cap space for next offseason. Evans offers the same sort of skill set as Stephenson but at a higher level and without the on-court antics.

Author: 0 Crude Price Falls On Saudi Arabia Production Increase, CAD Follows

The White House later walked back the president's comments, saying the king said his country can raise oil production if needed. Roberto Friedlander of Seaport Global Securities said: "We're overbought at the top of the range here and WTI has to roll over towards $68 to $71.

Markets Trump supporters call to #boycottWalmart over 'Impeach 45' shirt
Author: 0 Trump supporters call to #boycottWalmart over 'Impeach 45' shirt

Trump has not shied away from entering the fray, chastising USA companies via tweet from transgressions ranging from investing overseas, to moving production to foreign sites, to laying off workers. The hashtag #BoycottWalmart began trending on Twitter. The impact of these boycotts are often unclear. A Walmart spokeswoman did not return a request for comment.

Markets Canada Imposes Retaliatory Tariffs on US Goods
Author: 0 Canada Imposes Retaliatory Tariffs on US Goods

Canada and Mexico initially were exempted from the USA metals tariffs - as was the European Union - but Trump allowed the duties to take effect June 1 after talks stalled to revamp the 1994 trilateral North American Free Trade Agreement (NAFTA).

Markets Trump delaying NAFTA deal until after midterm elections
Author: 0 Trump delaying NAFTA deal until after midterm elections

The trade war could further escalate, today, US President Donald Trump reiterated his threat to impose tariffs on Canadian vehicles. Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can".

Markets Amazon Prime arrives for Aussie customers
Author: 0 Amazon Prime arrives for Aussie customers

Amazon (NASDAQ: AMZN ) announced on Wednesday that it is releasing Amazon Prime Wardrobe to all of its Prime members. "With the addition of Prime, customers can now enjoy the most convenient way to shop and take advantage of new and expanding benefits from Amazon ", he said.

Markets Saudis will pump up oil production, says Trump
Author: 0 Saudis will pump up oil production, says Trump

Analysts say that fresh sanctions on Iran could drive oil much higher in the coming months. OPEC Conference President Saudi Arabia's Energy Minister Khaled al-Falih (2ndR), OPEC Sec. "If we take 2 million barrels of oil off the market , what is going to be left in the tank?" In this scenario, Saudi Arabia, the UAE, Kuwait and Iraq are the main countries that have the capacity to increase production, she said.

Markets US Economy Could Lose $14B Over Auto Import Tariffs
Author: 0 US Economy Could Lose $14B Over Auto Import Tariffs

The European Union has warned the United States that placing tariffs on automobiles would end up hurting the USA economy and would probably result in retaliatory measures from its trading partners. "I don't think trade wars are good for anybody", said Tom Bracken, president of the New Jersey Chamber of Commerce. "We'll spare no effort, be it at the technical or political level, to prevent this from happening", a spokesman for the Commission told reporters, adding that Commission President ...

Markets Five Years After Going Private, Dell Is Going Public Again
Author: 0 Five Years After Going Private, Dell Is Going Public Again

Under the deal announced Monday, Class V stockholders can choose $109 in cash for each share they hold, or 1.3665 shares of Class C common stock. But Mr. Once the deal closes, DVMT shareholders (Class V shareholders) will own between 20.8 percent and 31 percent of Dell depending on cash election amounts.

Markets LeBron James Agrees to Sign With Lakers for Four Years, $154 Million
Author: 0 LeBron James Agrees to Sign With Lakers for Four Years, $154 Million

The NBA star, one of the most coveted free agents in years, just signed a staggering $154 million (£117.1 million) deal over four years to play for the Los Angeles , California-based team. In fact, James is rumored to be in Los Angeles at the moment to take meetings as a free agent. After trashing LeBron James after he left the Cleveland Cavaliers for the first time, Dan Gilbert praised James the second time around.

Markets Iran vice president says private sector to buy, export oil
Author: 0 Iran vice president says private sector to buy, export oil

The Trump administration is standing by its plan to reduce Iran's oil revenue to zero in a bid to isolate the country and force its leaders to change their behavior, a senior State Department official said Monday. Last week, Turkey's economy minister said his country does not plan to abide by the USA demand for countries to stop importing Iranian oil, calling the request "nonbinding" on Turkey - a stinging rebuke from a North Atlantic Treaty Organisation ally.

Markets Tesla Production Hits 7K Cars a Week
Author: 0 Tesla Production Hits 7K Cars a Week

Bottom line, "Stock likely to experience some relief on achieving 5k Model 3/week since if this pace can be repeated, Tesla should turn into a self- funding company". At the time , Musk stated in a tweet , "My job as CEO is to focus on what's most critical, which is now Model 3 production ". "I don't believe their goal was to simply hit 5,000 a week and somehow revert to a lower production rate in the future", Albertine said.

Markets Amazon Wants To Help Entrepreneurs In Charlotte Build Their Own Delivery Fleet
Author: 0 Amazon Wants To Help Entrepreneurs In Charlotte Build Their Own Delivery Fleet

Partnering with an array of entrepreneurs would reduce Amazon's dependence on traditional carriers such as the federal post office while allowing for more control over delivery times, Sebastian said. Others, though, likened Amazon's ambitions to a franchise business model, in which a company like McDonald's might handle branding and marketing, but leave day-to-day operations up to local owners.

Markets Saudi Arabia pledged to expand oil capacity if needed -White House
Author: 0 Saudi Arabia pledged to expand oil capacity if needed -White House

The two leaders agreed that balancing the global oil market is essential to ensure access to reliable and affordable energy to people everywhere. Output is expected to rise to 11 million barrels in July, according to Reuters . "We'll need more oil down the road and there'll be nowhere to get it", said Flynn, of the Price Futures Group. "While Saudi Arabia has the capacity in theory, it takes time and money to bring these barrels online, up to one year", said Amrita Sen of consultancy Energy ...

Author: 0 Thyssenkrupp agrees to Tata merger to become Europe's second-biggest steelmaker

Indian steelmaker Tata Steel and German multinational conglomerate ThyssenKrupp on Saturday signed a landmark steel joint venture agreement, Reuters reported. Thyssenkrupp chief executive Heinrich Hiesinger has previously said the two companies needed to consolidate and become more efficient because of increasing pressure from imports and an overcapacity within the industry.

Markets Marketing firm Exactis leaks personal data of 340 million people
Author: 0 Marketing firm Exactis leaks personal data of 340 million people

From there, however, the data gets much more detailed: the number of children in a household, the ages of those children, what type of payment cards a person holds, an estimation of their home's value, whether they own stock, their hobbies, their mortgage company, credit rating, ethnic group, political donations and religion, among many others.

Markets Elon Musk Likely Broke Copyright Law With Tesla Farting Unicorn Art
Author: 0 Elon Musk Likely Broke Copyright Law With Tesla Farting Unicorn Art

In an interview with The Wall Street Journal , Musk suggested that morale among Tesla employees remains strong, despite the company's struggles to quickly ramp up production of the Model 3 sedan in the wake of delays. "The fundamental issue here is that he used my copywritten material without my permission, it's that simple". Why he did so, Musk explained that Tesla also did not comment on the situation.

Author: 0 Trump asked Saudi Arabia to boost its oil production by 2M barrels

President Trump requested that Saudi Arabia's King Salman boost his country's oil production by 2 million barrels in order to offset any potential shortages caused by turmoil and unrest in Iran and Venezuela. Meanwhile, UK-based energy consultancy group, Fact Global Energy (FGE), reported in its June newsletter that Washington is determined to "push Iran's exports to zero".

Markets Iran oil: Pradhan says ‘will go by national interest’
Author: 0 Iran oil: Pradhan says ‘will go by national interest’

Iran is India's third-largest oil supplier, after Iraq and Saudi Arabia . This move is going to put more economic pressure on the Iranian regime than we have already seen. "You look at the front spreads for crude oil, and it's been the front-month contracts that have blown out, nearly like this is a knee-jerk reaction to a headline versus a long-term structural uptrend that is still intact", said Brian LaRose, senior technical analyst at ICAP-TA.

Markets Opposition slams BJP govt for rise in Swiss bank deposits in 2017
Author: 0 Opposition slams BJP govt for rise in Swiss bank deposits in 2017

Moreover, Rs 7000 crore is a fraction of the Rs 44,500 crore parked by Indians in Swiss banks in 2006 - it is the second lowest figure for Indian deposits in Swiss banks in the last 12 years. He was responding to media questions on latest data released by the Swiss National Bank showing a rise in Indian deposits a year ago. A Swiss National Bank logo is pictured on the SNB building in Bern.

Markets Ticketmaster UK says customer info may have been stolen
Author: 0 Ticketmaster UK says customer info may have been stolen

The company said "less than five per cent" of its worldwide customer base had been affected by the digital break-in. Ticketmaster says it disabled the affected product as soon as it discovered the problem on Saturday. A spokesman for privacy commissioner John Edwards says Ticketmaster will keep him up to date on its investigations into the breach. In the email sent to Australian users, Ticketmaster warned it did not have evidence of individual breaches but was concerned for the security ...

Markets So long, Geoffrey: Toys R Us closes its final stores
Author: 0 So long, Geoffrey: Toys R Us closes its final stores

The campaign for severance continued until the end, with employees expressing their views in varying ways while working final shifts at some 700 stores across the country. Many kids grew up watching Geoffrey the Giraffe in TV commercials. I guess everyone has grown up. Will the Toys R Us name and mascot disappear forever? After the sad photo of Geoffrey went viral, the San Antonio Zoo set up a GoFundMe page to raise $100,000 with the goal to "persuade the owners at Toys " R " Us to ...

Markets Trump trolls Harley-Davidson at the Foxconn groundbreaking
Author: 0 Trump trolls Harley-Davidson at the Foxconn groundbreaking

It's expected to employ up to 13,000 people. A groundbreaking ceremony today for a huge Foxconn plant was attended by President Trump. Foxconn officials have set two open houses for Friday and Saturday - which they said will offer "an opportunity to see first-hand the advanced technologies that will be developed at its new Wisconn Valley Science and Technology Park in Mount Pleasant".