Finance

Finance Energy Stocks To Watch Ahead Of OPEC Meetings
Author: 0 Energy Stocks To Watch Ahead Of OPEC Meetings

Saudi Energy Minister Khalid al-Falih has signalled a compromise was in the works as a big hike in production was "politically unacceptable" to some members. In reality, because many countries that have cut the deepest can't increase production, that would probably translate to just 600,000 barrels a day of crude flowing back on to the market.

Finance India Urges OPEC Nations To
Author: 0 India Urges OPEC Nations To "Fill Supply Gap", Ensure Sustainable Prices

Once known for rampant cheating on agreed oil output targets, the Organization of the Petroleum Exporting Countries has been over-delivering on a pact in place since January 2017, cutting around one and a half times the promised amount. When OPEC and its allies, which include Russia , Kazakhstan and Mexico, agreed to cut output in late 2016, they announced a 1.8 million-barrel-a-day reduction.

Finance European firms say China business 'more difficult'
Author: 0 European firms say China business 'more difficult'

The Trump administration has already imposed punishing tariffs on imports of steel and aluminum from Canada, Mexico and the European Union, using national security as a justification. "But it's a joke", Pompeo said . "It's an unprecedented level of larceny". "For many American families, these increased costs will wipe out any gains from tax reform", said Hun Quach, vice president of global trade for RILA.

Author: 0 European Union hits back at Trump with retaliatory trade tariffs

They range from agricultural produce such as rice and orange juice to jeans, whiskey, motorbikes and various steel products. The European Union initiated its first salvo in retaliation for the Trump administration's tariffs on steel and aluminum imported from the continent.

Finance Crypto Exchange Bithumb Hacked, Loses $31.5M
Author: 0 Crypto Exchange Bithumb Hacked, Loses $31.5M

There's often uncertainty around alleged hacks, with some in the crypto community claiming an inside job for most incidents. Only a small portion of Bithumb's funds stored in its hot wallet has been stolen and the speedy response by the Bithumb team to move funds from its hot wallet to cold or offline wallet allowed the company to prevent a bigger theft.

Finance Microsoft Slammed For ICE Contract, Amid Child Separations
Author: 0 Microsoft Slammed For ICE Contract, Amid Child Separations

Microsoft staff wrote to CEO Satya Nadella calling on the firm to cancel its $19.4 million contract with the US's Immigration, Customs and Enforcement agency. While keeping to the rather neutral tones of such canned statements, Microsoft made it clear that it's not in favour of separating immigrants from their children at USA borders.

Finance Disney raises bid for Fox assets to $71.3bn, topping Comcast
Author: 0 Disney raises bid for Fox assets to $71.3bn, topping Comcast

The improved offer came as 21st Century Fox board was set to decide whether to back Comcast's bid for assets that include Fox's film and television studios and global businesses. If Fox were to start negotiations with Comcast, that could impact plans for shareholders to vote on the Disney deal next month. "We are extremely proud of the businesses we have built at 21st Century Fox, and firmly believe that this combination with Disney will unlock even more value for shareholders", ...

Finance In tit-for-tat, Trump threatens more tariffs against China
Author: 0 In tit-for-tat, Trump threatens more tariffs against China

China hit back with tariffs on $ 50 billion of American products, including agricultural goods. "This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods".

Finance All you need to know about ICICI Bank COO Sandeep Bakhshi
Author: 0 All you need to know about ICICI Bank COO Sandeep Bakhshi

Kochhar, the managing director and chief executive officer (CEO) of ICICI Bank, the country's second-largest private sector lender, has faced allegations of nepotism and favouritism in loan disbursal to NuPower Renewables, a firm founded by her husband Deepak Kochhar.

Finance China stocks face 'darkest hour' after fresh Trump tariff threat
Author: 0 China stocks face 'darkest hour' after fresh Trump tariff threat

China slapped a 25 percent tariff on 545 American imports including agricultural products, seafood, cars and whiskey. Zhang said investors faced the triple-whammy of the Sino-U.S. Three people close to Apple , who remained anonymous because they are not authorized to speak for the company, say that the tech giant's top worry is that the Chinese wreak havoc with Apple's supply chain by forcing suppliers to provide pointless paperwork in order to gum up the works.

Finance Schumer: I Think What Trump Is Doing on China 'Is Right'
Author: 0 Schumer: I Think What Trump Is Doing on China 'Is Right'

Soybeans are a key U.S. export to China , an economic tie that makes the back-and-forth between the United States and China a source of anxiety throughout the American farm belt. Although Pompeo was in Beijing to debrief the Chinese on the Singapore summit, the trade friction was never far from the surface. Such a move, it said, "seriously infringes upon the legitimate rights and interests of the Chinese side and undermines the interests of China and its people".

Finance Google To Invest $550 Million In Chinese E-Commerce Site JD.com
Author: 0 Google To Invest $550 Million In Chinese E-Commerce Site JD.com

On June 18, Google announced that it's partnering with JD.com and plans to invest $550 million in the company. The partnership is a significant strategic play against JD.com's biggest rival Alibaba, which has already embarked on an aggressive expansion strategy across Southeast Asia, Europe and the US.

Finance Germany to refuse migrants from July if no European deal found: minister
Author: 0 Germany to refuse migrants from July if no European deal found: minister

However, Seehofer on Monday said he would only implement the policy if Merkel failed to reach a deal with other European Union states at the summit - effectively giving her two weeks to find a fix. In a column for in the Frankfurter Allgemeine Zeitung, meanwhile, Seehofer wrote: "It is essential that the [European Union] summit takes a decision at the end of June".

Finance Audi CEO Rupert Stadler arrested over Dieselgate
Author: 0 Audi CEO Rupert Stadler arrested over Dieselgate

Stadler was under investigation for malpractice in the emissions cheating scandal at Volkswagen. Martens led a diesel task force at Audi, set up to coordinate the handling of the so-called Dieselgate scandal with its parent company. The Munich prosecutor's office is reportedly working towards the investigation of 19 other suspects, identities of whom haven't been disclosed, yet.

Author: 0 Audi CEO arrested in Germany over diesel scandal

The so-called dieselgate emissions scandal first came to light in September 2015. Munich prosecutors said they had acted because of a risk that Mr Stadler might seek to suppress evidence. A spokesman for Porsche SE, the company that controls VW and Audi, said Stadler's arrest would be discussed at a supervisory board meeting on Monday.

Finance McDonald's to ditch plastic straws in UK, Ireland
Author: 0 McDonald's to ditch plastic straws in UK, Ireland

Back in April, the government outlined plans for plastic straws, drink stirrers and plastic-stemmed cotton buds to be banned from sale in England in an effort to reduce the impact of plastic pollution on oceans and rivers. The chain has found two suppliers to meet its needs - global company Huhtamaki, which will produce the straws at its plant in Belfast, and a start-up called Transcend Packaging in Wales.

Finance Oil prices drop as supplies increase
Author: 0 Oil prices drop as supplies increase

The country boosted production after the USA lifted sanctions related to Iran's nuclear program in 2016, but analysts expect output to fall when the Trump administration's decision to withdraw from the deal takes full effect later this year.

Finance Kellogg’s Honey Smacks cereal recalled over Salmonella concerns
Author: 0 Kellogg’s Honey Smacks cereal recalled over Salmonella concerns

Twenty-four people have been hospitalized and no deaths have been reported, the CDC said. "However, in some persons, the diarrhea may be so severe that the patient needs to be hospitalized". The cereal company says the affected products were distributed across the U.S.as well as limited distribution in Costa Rica, Guatemala, Mexico, the Caribbean, Guam, Tahiti and Saipan.

Author: 0 McDonalds menu change: Chain announces paper straws amid McDelivery

It follows a successful trial at a handful of venues from April. "McDonald's has made a significant investment in United Kingdom manufacturing to produce an alternative to plastic, showing British businesses are taking a global lead", he said in a statement.

Finance Trump OKs Plan to Impose Tariffs on Billions in Chinese Goods
Author: 0 Trump OKs Plan to Impose Tariffs on Billions in Chinese Goods

China urged the United States on Thursday to make a "wise choice" on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. China has pledged to retaliate in kind. Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico and the European Union, all of which have threatened to retaliate in kind.

Finance SC Rep. Sanford defeated as 5 states vote
Author: 0 SC Rep. Sanford defeated as 5 states vote

Sanford is a former governor who has never lost an election in eight races in SC, even after he admitted to an affair with a woman in Argentina . Sanford, a member of the transportation policy committee in the U.S. For Republicans, party identification took a sharp drop at the end of George W. Bush's second term and never really recovered. Sanford said his primary race was unusual in that perceived loyalty to the president became a key issue.

Finance Average worker can't afford 2-bedroom apartment anywhere in US, report says
Author: 0 Average worker can't afford 2-bedroom apartment anywhere in US, report says

But it's not just two-bedroom apartments that are out of reach-in many states, one-bedroom apartments are also unaffordable for minimum-wage earners. The national housing wage for a two bedroom is $22.10 / hour. While the rental market added more than 6.7 million housing units between 2005 and 2015, the number of units renting for less than $800 dropped by more than 260,000, according to the report .

Finance U.S. researchers claim bitcoin's price was manipulated during 2017 spike
Author: 0 U.S. researchers claim bitcoin's price was manipulated during 2017 spike

Once issued, almost all tether was moved to Bitfinex and then shifted to other exchanges, where it was used to buy bitcoin, propping up the price, the paper said. He cautioned that a full understanding of the patterns would require more analysis. The researchers wrote that the cryptocurrency boom mirrors previous bubbles, like the dot-com fiasco in the late '90s, the 2008 financial crisis and even the railroad bubble in the 1840s.

Finance Can Elon Musk’s company really build Chicago’s high-speed Loop?
Author: 0 Can Elon Musk’s company really build Chicago’s high-speed Loop?

Autonomous electric "skates" would carry 8 to 16 people and their luggage, or a single passenger vehicle, through underground tunnels at speeds of up to 150 miles per hour between O'Hare and downtown. The vehicles, which the company calls "electric skates", operate on platforms adapted from the Tesla Model X. Unlike the Hyperloop, a vacuum-sealed tube being built out by companies such as Virgin Hyperloop One and theoretically capable of speeds up to 600 miles per hour, the Chicago project ...

Finance Apple's 2018 models likely to be cheaper than iPhone X
Author: 0 Apple's 2018 models likely to be cheaper than iPhone X

While the flash hasn't been depicted in the images, it claims the module will be on the right side of the setup. Apple will reportedly launch three new iPhone X models this year, including an affordable 6.1-inch LCD model and two iPhone X successors with OLED screens measuring 5.8 inches and 6.5 inches - the latter of which is now being referred to as the iPhone X Plus (though we don't know the real name).

Finance Federal Reserve bumps up United States interest rate, signals two more in 2018
Author: 0 Federal Reserve bumps up United States interest rate, signals two more in 2018

The Federal Reserve has raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases because of solid USA economic growth and rising inflation. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. "Household spending has picked up while business fixed investment has continued to grow strongly", the Fed said.

Finance 'This is huge:' North Korea agrees to return remains
Author: 0 'This is huge:' North Korea agrees to return remains

The US also has a strong military base on the Pacific island of Guam, a US territory and a keystone of American military strategy in the region. Six-and-a-half hours. Per CNN's Kevin Liptak , the meeting between Trump and Kim resulted in Kim signing a document that "reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula ".

Finance Mercedes recalls cars over emission
Author: 0 Mercedes recalls cars over emission "shutdown devices"

The Mercedes-Benz star is displayed on the front of a Mercedes-Benz vehicle at the annual news conference of German auto giant Daimler AG in Stuttgart, southwestern Germany, on February 1, 2018. Since then, Daimler has pledged to remove the illegal software and co-operate with authorities. A Daimler spokesman confirmed the recall to AFP, adding "legal questions will be cleared up in the appeal procedure" against the transport ministry decision.

Finance Domino’s now paving potholes to protect pizzas
Author: 0 Domino’s now paving potholes to protect pizzas

Domino's Pizza is offering to fill potholes across the United States in order to save customers' pizza, the pizza chain announced Monday. A work team out in Mitford, where a team of four repaired scores of potholes to begin the publicity campaign.

Finance Court allows AT&T purchase of Time Warner
Author: 0 Court allows AT&T purchase of Time Warner

Time Warner gained as much as 5.8 percent in after-hours trading, while AT&T fell as much as 3.9 percent. The merger's approval was a stinging defeat for the Justice Department, which could move to appeal Leon's ruling. In after-market trading following the ruling, shares of Time Warner rose almost 5 percent and AT&T shares fell 1.6 percent. His position, which the White House said it supported, also drew accolades from left-leaning politicians and antitrust experts.

Finance JLR to move Land Rover Discovery production from United Kingdom to Slovakia
Author: 0 JLR to move Land Rover Discovery production from United Kingdom to Slovakia

The company warned that there may be some job losses in the United Kingdom as a result. Why is Land Rover moving Discovery production to Slovakia? While the company has said it will be investing further in Solihull, where the new Range Rover and Range Rover Sports will be built, the announcement was seized upon by critics of Brexit, who argued it pointed to the impact that concerns around Britain's exit from the European Union was already having on business and investment decisions.

Author: 0 Owners of Elon Musk's 'Not A Flamethrower' are incinerating everything

But selling a flamethrower was a bit more challenging than selling hats. Don't worry if you can't make it; all Not-a-Flamethrowers will ship out this summer! KitGuru Says: At the very least, Musk is allowing himself to run wild with his ideas in the Boring Company and there's no telling what the mad man genius will end up doing next.