Markets

Author: 0 5 new rules the U.S.-Mexico trade deal would set

Observers have raised concerns that Canada's absence from the talks could put Ottawa in a position where it might be pressured into accepting a deal reached between the USA and Mexico . Regardless of Trump's claims of reaching an entirely new trade deal, the new agreement does seem to bring the three countries much closer to a potential NAFTA rewrite more than 25 years after it took effect.

Author: 0 United States stocks surge to fresh records on NAFTA deal

For example, the United States had hoped to include a provision that would require Nafta to be reviewed every five years and wanted to scrap the existing system that settled disputes. Mexican President Enrique Pena Nieto tweeted just before the announcement that he spoke to Canadian Prime Minister Justin Trudeau about the status of NAFTA negotiations and progress the us and Mexico have made, and expressed the importance of his involvement in the negotiations.

Markets Toyota invests $500 million in Uber
Author: 0 Toyota invests $500 million in Uber

Toyota's USA listed shares rose 3.2 percent in volume spike in afternoon trading. Spokesmen for Uber and Toyota initially declined to comment but later confirmed the news. Two years ago, Toyota invested an undisclosed sum in Uber and the two companies partnered on a car-leasing program for Uber drivers. In the Arizona crash, authorities determined that the vehicle's sensors spotted the woman but its automatic-braking function had been disabled in favor of a human backup driver.

Author: 0 Aramco puts off IPO until 'conditions are optimal'

Crown Prince Mohammed bin Salman unveiled plans two years ago to raise $100 billion by listing 5 per cent of Aramco, which is the world's biggest oil company by production. Carrying out a large worldwide bond issue would also compel Aramco to reveal much of the same financial and business information as an IPO prospectus, bringing greater transparency to the world's largest oil producer.

Markets President Trump Announces United States-Mexico Trade Agreement — NAFTA No More
Author: 0 President Trump Announces United States-Mexico Trade Agreement — NAFTA No More

Negotiations on rewriting the three-country NAFTA agreement began about a year ago. Mr. Trump said he wants to get rid of the name "NAFTA" entirely, saying it has negative connotations. Before the president's announcement, Lightizer and Mexican Secretary of Economy Idelfonso Guajardo walked together into the White House without talking to reporters.

Markets Warren Buffett is investing in Paytm, his first Indian company
Author: 0 Warren Buffett is investing in Paytm, his first Indian company

US-based Berkshire Hathaway on Monday confirmed that it has made an investment in Paytm's parent firm One97 Communications , ETNow reported . Paytm was earlier valued at around $7 billion last year when it raised $1 billion from Softbank Vision Fund and around $10 billion earlier this year during a secondary share sale by employees of the company.

Markets The SEC Rejects More Bitcoin ETFs From ProShares, GraniteShares, And Direxion
Author: 0 The SEC Rejects More Bitcoin ETFs From ProShares, GraniteShares, And Direxion

The GraniteShares proposals that were rejected were proposed for trading on the CBOE rather than the NYSE Arca . ProShares and GraniteShares received similar notifications. As a result, it states that there is nearly no value or utility as an investment in such matters or funds. The commission issued an order on Wednesday rejecting Bitcoin ETF applications submitted by ProShares , GraniteShares , and Direxion .

Markets Ryanair charge shake-up means fliers will pay for light luggage
Author: 0 Ryanair charge shake-up means fliers will pay for light luggage

Until this announcement, passengers had been able to take wheelie suitcases to the gate, at which point they were transferred to the hold for free. The price per additional item will be £8 and the maximum weight will be ten kilos. 30% of customers already buy Priority Boarding and 30% already travel with only 1 (free) small carry-on bag. The overhead bins of Ryanair's 189-seat Boeing 737s can fit 100 trolley bags.

Markets US Fed to continue gradual rate hikes to manage potential risks
Author: 0 US Fed to continue gradual rate hikes to manage potential risks

As a result, "if the strong growth in income and jobs continues, further gradual increases in the target range for the federal funds rate will likely be appropriate", Powell said, echoing recent FOMC statements. Powell said it would be slow and steady with interest rates-one, maybe two more incremental increases this year-in order to keep inflation in check.

Markets The Mexican peso is jumping on hope for NAFTA progress
Author: 0 The Mexican peso is jumping on hope for NAFTA progress

Foreign Minister Chrystia Freeland of Canada - the third party to the trade pact - said earlier in the week that she was encouraged by the progress between Washington and Mexico City and would rejoin the talks once the bilateral discussions concluded.

Markets Amid Mendocino blaze, Verizon slowed data speed for firefighters
Author: 0 Amid Mendocino blaze, Verizon slowed data speed for firefighters

Bowden said his department has encountered data throttling during three different fires, including the Pawnee Fire in Lake County this summer. California lawmakers are considering a bill that would require internet companies to restore net neutrality in California, requiring equal data access to all customers.

Markets Elon Musk does U-turn confirming Tesla will not go private
Author: 0 Elon Musk does U-turn confirming Tesla will not go private

He explained that some shareholders said they would be limited in how much they could invest in Tesla if it were to become a private company , given internal compliance issues. Tesla has presented a number of challenges for Musk: The company routinely loses money and is burning through cash as it ramps up development of its Model 3 sedan, a less-expensive electric vehicle it hopes appeals to the mass market.

Markets National Enquirer Executives Had Safe Containing Dirt on Trump
Author: 0 National Enquirer Executives Had Safe Containing Dirt on Trump

However, Cohen reportedly told lawmakers behind closed doors previous year that he didn't know of any foreknowledge by Trump of the meeting. David Pecker has been a close friend of Donald Trump for decades; his cooperation with federal prosecutors raises the prospect of new information about Trump's past behavior.

Markets AK-47 maker Kalashnikov to produce electric cars to rival Tesla
Author: 0 AK-47 maker Kalashnikov to produce electric cars to rival Tesla

Its holding company, Kalashnikov Concern , said it had developed cutting-edge elements for the "electric supercar", including a "revolutionary" inverter. Russian maker of arms, Kalashnikov, has come up with the plan of manufacturing electric vehicles. A range of 220 miles is cited for the auto. As reported by the manufacturer to the news agency the CV-1 will be helping Kalashnikov to enter the ranks of electric-car producers like Tesla Inc.

Markets Infiniti Prototype 10 weaves retro speedster with electric soul
Author: 0 Infiniti Prototype 10 weaves retro speedster with electric soul

Designed as a single-seat speedster, the Prototype 10 hints at the performance intent of all future electrified models from Infiniti . "Where the Q Inspiration presented a degree of sensuality in its surfaces, Prototype 10 evolves this design with more objective and aggression".

Markets Oil rises above $74 on report of U.S. inventory drop, Iran sanctions
Author: 0 Oil rises above $74 on report of U.S. inventory drop, Iran sanctions

Oil prices slipped on Thursday as an escalating trade dispute between the United States and China outweighed the bullish impact of a decline in USA commercial crude inventories. "Investors remain cautious as Wednesday's surprise gain in USA stockpiles remained fresh in their minds", the bank said on Friday. US gasoline stocks USOILG=ECI rose 1.2 million barrels, while distillate inventories USOILD=ECI increased 1.8 million barrels, EIA data showed.

Markets Trump Organization financial chief Weisselberg 'given immunity'
Author: 0 Trump Organization financial chief Weisselberg 'given immunity'

Sharpening their legal and political defenses against the special counsel's Russian Federation probe, President Donald Trump's attorneys stressed Sunday, June 3, that they would contest any effort to force the president to testify in front of a grand jury but downplayed the idea that Trump could pardon himself.

Markets Brexiteers fume at United Kingdom finance minister Hammond's 'no deal' warning
Author: 0 Brexiteers fume at United Kingdom finance minister Hammond's 'no deal' warning

The People's Vote, which is campaigning for a referendum on a final Brexit agreement, said the papers demonstrate the need for a vote. What do the papers say? Raab talks of the "smooth, continued, functioning of business, transport, infrastructure, research, air programmes and funding streams that have previously come from the EU".

Markets Flipping in criminal cases should be made illegal: Donald Trump
Author: 0 Flipping in criminal cases should be made illegal: Donald Trump

Trump conversely praised Manafort for going to trial - the first case stemming from Russia Special Counsel Robert Mueller's probe to go before a jury - and eschewing a plea deal. and our entire political system. On Thursday Trump ignored questions from the press on the issue. However, Mr Trump insisted the two payments had not broken election campaign rules.

Markets S&P touches record high, equals longest-ever bull run
Author: 0 S&P touches record high, equals longest-ever bull run

Still, the trade-sensitive S&P industrial sector climbed 0.7 percent . The S&P 500 industrial index rose 0.8 per cent. The tech-heavy Nasdaq Composite has been the biggest victor, with a 611 percent gain, a clear testament to the strength of the tech sector.

Markets White House to Announce Breakthrough in NAFTA Negotiations with Mexico
Author: 0 White House to Announce Breakthrough in NAFTA Negotiations with Mexico

But Jesus Seade, designated chief negotiator of Mexican President-elect Andres Manuel Lopez Obrador, who is due to take power in December, met Lighthizer whom he has known for years. Although progress has been made on autos, there are still questions surround the push by the USA for a five-year sunset clause , which Canada and Mexico worry will inject uncertainty into the future of the deal and hamper investment.

Markets Sears confirms it's closing Eastland Mall store
Author: 0 Sears confirms it's closing Eastland Mall store

Sears is continuing to evaluate its network of stores and "will make further adjustments as needed", their statement reads. Sears announced in May that it would close 72 stores. As of May, the retailer had about 800 stores, down from about 1,000 at the end of previous year and far below the 2012 peak of 4,000 stores. The Sears located at Washington Square Mall is unaffected.

Markets Michael Cohen pleaded guilty to 8 crimes: Now what?
Author: 0 Michael Cohen pleaded guilty to 8 crimes: Now what?

Michael Cohen , former personal lawyer to US President Donald Trump , has entered a guilty plea on eight charges. Trump's reaction to Paul Manafort's legal woes was markedly different. Davis also said Cohen would not accept a pardon from Trump if the president offered. Cohen once said he would take a bullet for Trump, but the relationship between the two men has frayed since an Federal Bureau of Investigation raid in April of Cohen's office, hotel room and home .