Markets

Author: 0 Sergio Marchionne dies following complications with surgery

New FCA chairman Elkann said: "Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone". Tributes are pouring in from automotive leaders about Sergio Marchionne's skill, creativity and determination in saving Chrysler and Fiat from near-certain financial ruin.

Author: 0 Former Ferrari president Sergio Marchionne passes away aged 66

In a brief statement, Fiat chairman, John Elkann, said: " Sergio Marchionne , man and friend, is gone". "I believe that the best way to honour his memory is to build on the legacy he left us, continuing". Under Marchionne - who replaced Marco Mattiacci with Maurizio Arrivabene as team principal - Ferrari has also seen a strong increase in performance since 2014, winning multiple races and challenging for the championship in the current campaign.

Author: 0 ‘Troublemaker’ Trump pursues ‘ignorant diplomacy’ - Iran hits back at US

Earlier in the day, the war of words between the United States and Iran had continued when the former Revolutionary Guards commander of the Middle Eastern country, Mohsen Rezaei, delivered a volley of bellicose threats. Many ordinary Iranians are anxious that the war of words might lead to a military confrontation but insiders in Tehran told Reuters they believed the Trump administration would not drag the United States into another quagmire in the Middle East.

Markets White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program
Author: 0 White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

Flake, another Republican critic of Trump with plans to retire in 2018, said the decision to flush farmers with taxpayer-funded cash is "patently unfair across the board" for other industries. In addition to the direct impact of tariffs on American farm products, farmers have also been hurt by USA tariffs on foreign steel imports. The Agriculture Department was expected to announce the plan later Tuesday.

Author: 0 European Commission President Set to Face Trump and His Tweets

It also will provide funds to outside organizations to build overseas markets for US food and ag exports. The programs are authorized under the Commodity Credit Corporation and will be administered by USDA. "They should do this by working with Congress to ensure farm bill programs provide enough assistance to farmers when markets collapse". Payments will be made to soybean, sorghum, corn, wheat, cotton, dairy, and hog farmers.

Markets Rand Paul blasts Trump: Remove your tariffs, don't give 'welfare for farmers'
Author: 0 Rand Paul blasts Trump: Remove your tariffs, don't give 'welfare for farmers'

The No. 2-ranked House Democrat says he is pleased jobs will be created but stressed the financial impacts US farmers face. U.S. President Donald Trump holds up a "Make Our Farmers Great Again" hat while speaking during a "Made in America" products showcase in the Cross Hall of the White House in Washington, D.C., U.S., on Monday, July 23, 2018.

Markets North Korea reportedly dismantling key missile launch site
Author: 0 North Korea reportedly dismantling key missile launch site

Asked about the analysis, the U.S. State Department declined to comment. After his summit with Kim in Singapore on June 12, Trump said he was told by Kim that the North was "already destroying a major missile engine testing site" without identifying which site.

Author: 0 Trump To Give $12 Billion In Farm Aid To Offset Tariffs

In a speech on Tuesday, he said farmers would be the "biggest beneficiary" of the disputes after countries make changes. Exports now account for about 20% of farm income in the USA, but farmers worry the escalating tariffs will reduce demand for their goods.

Author: 0 US farmers hurt by Trump's tariffs to receive emergency aid

Trump has threatened to place tariffs on up to $500 billion in products imported from China , a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies. The USDA did not immediately comment. Soybeans, the second-most valuable US crop after corn, have been especially hard-hit - exports to China accounted for about one-third of the oilseed's revenue previous year.

Markets Mega Millions jackpot tops $500M
Author: 0 Mega Millions jackpot tops $500M

If you've bought a Mega Millions lottery ticket, you might get your chance to own more money than the GDP of several tiny countries. The game is played in 44 states , the District of Columbia and the US Virgin Islands. Twenty-two jackpots have been won in the month of July since the game began in 2002, including the largest prize ever won on a single Mega Millions ticket - an in family won $536 million on July 8, 2016.

Markets Trump administration to announce aid for US farmers on Tuesday
Author: 0 Trump administration to announce aid for US farmers on Tuesday

President Trump touted his tough trade polices Tuesday, calling tariffs " the greatest ", after announcing that countries caught up in tense trade relations with the US would visit to negotiate. The new plan at the Agriculture Department would advance emergency funds for these farmers but likely not provide a long-term solution if the trade disputes with China and other countries persist.

Markets Iran Shoots Back at Trump’s Twitter Warning: ‘Color Us Unimpressed’
Author: 0 Iran Shoots Back at Trump’s Twitter Warning: ‘Color Us Unimpressed’

Democratic House Whip Steny Hoyer said Trump was trying to distract attention from his "essentially un-American" performance at his July 16 summit meeting with Russian President Vladimir Putin in Helsinki. She said that Trump has been "very clear about what he's not going to allow to take place". US President Donald Trump engaged in a war of words with Iran early Monday, firing off a 42-word, all-caps tweet warning Iranian President Hassan Rouhani not to threaten the United States ...

Markets Alphabet 2Q earnings: Here’s what to expect
Author: 0 Alphabet 2Q earnings: Here’s what to expect

Alphabet investors seemingly shrugged off the European Union's $ 5 billion fine against the company, sending the stock up sharply after Alphabet announced earnings that far exceeded analyst expectations. Google plans to contest the ruling. You can use them to surf otherwise seedy public WiFi with more security and privacy. (FB.O). "One of the unintentional consequences of GDPR is the strengthening of the duopoly", said Gil Elbaz, a former Google executive who now runs the marketing firm ...

Markets Goldfish snacks recalled over salmonella concerns
Author: 0 Goldfish snacks recalled over salmonella concerns

According to a tweet from the company, the voluntary recall came after being notified an ingredient supplier that a whey powder in a seasoning that is applied to the crackers may have been contaminated. Before tossing or returning anything, however, consumers should check the company's chart and take a closer look at the indicated code and packing options to make sure that product is part of the recall.

Markets Google parent Alphabet sees record highs despite EU fine
Author: 0 Google parent Alphabet sees record highs despite EU fine

Even including the record fine, the company generated US$3.2 billion in net income during the second quarter. Alphabet was expected to report revenue of $32.17 billion, according to a Thomson Reuters consensus estimate. While that's nearly three times the S&P 500 Index's gain, it trails Netflix, Amazon .com Inc. and even Facebook Inc., which is trading near a record after rebounding from a data-privacy scandal in March sparked consumer backlash and regulatory scrutiny.

Markets China won’t devalue yuan to boost exports
Author: 0 China won’t devalue yuan to boost exports

Japan should be careful about recent remarks by US President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.

Markets Tesla shares drop after embarrassing memo leaks
Author: 0 Tesla shares drop after embarrassing memo leaks

A Tesla spokesperson said the electric vehicle maker had asked fewer than 10 of its suppliers for a reduction in "total capex project spend for long-term projects that began in 2016 but are still not complete". In June the company said it was eliminating 3,600 jobs, or 9 percent of its staff, as part of a restructuring effort. As a refresher, Musk told Bloomberg: "Once we break through to mass-market cars, where mass-market is on the order of a quarter million vehicles per year, I can ...

Markets GST Council cuts rate on 88 items
Author: 0 GST Council cuts rate on 88 items

Earlier this year, Akshay had starred in his home productions film Pad Man, which narrated the story of Arunachalam Muruganantham, who introduced the low-priced sanitary napkins. Earlier, the council had revised tax rates on 29 items in January. Experts said going forward as the revenues stabilise, the Council may look at further rationalisation of the 28% slab, to restrict the highest tax slab to super luxury and sin goods.

Author: 0 Tesla shares hit by report it is seeking refunds

In it, the manager described the payments as essential to Tesla's operation. The appeal was reportedly made as part of a wider effort to make Tesla profitable. The Tesla logo is seen at the entrance to Tesla Motors' new showroom in Manhattan's Meatpacking District in New York City, U.S., December 14, 2017.

Markets More than 160 people sick in USA from McDonald’s salads
Author: 0 More than 160 people sick in USA from McDonald’s salads

The illnesses started on or after May 1, according to the FDA . The company also said it was switching lettuce suppliers. The CDC says there people have been hospitalized in connection with the outbreak, but no one has died. No deaths have been reported. Del Monte has now recalled all of their vegetable trays. This parasite, when it contaminates food or water and is then ingested, can cause an intestinal illness called cyclosporiasis .

Markets Asia stocks ease, US dollar near two-week lows on Trump comments
Author: 0 Asia stocks ease, US dollar near two-week lows on Trump comments

The comments also signaled an undiminished appetite for battle on multiple fronts after a week dominated by coverage of the fallout from his dealings with Russian President Vladimir Putin. When Trump later announced tariffs on another US$200 billion of goods, Beijing swiftly responded by saying it would adopt a "quantitative and qualitative" countermeasure, although it fell short of providing specifics.

Markets Mega Millions jackpot increases just in time for the weekend
Author: 0 Mega Millions jackpot increases just in time for the weekend

If there is a victor, and they take the cash payout, it will be worth $296 million. Blake won half of the game's $42 million jackpot; the other winning ticket was purchased in Rhode Island. In all, three Mega Millions jackpots have been awarded in 2018. The next drawing takes place at 11 p.m. Tuesday. Both jackpots start at $40 million and roll until the jackpot is won.