Economy

Because we go up and every time you go up they want to raise rates again". It's always been speculated that the taboo of commenting on United States monetary policy could change under Trump, who slammed the Fed during his election campaign and has demonstrated repeatedly his willingness to flout the conventions and sensibilities of establishment Washington .
  • Time for Theresa May to finsh Boris off

    Time for Theresa May to finsh Boris off

    Economy

    Davis was replaced Monday with Dominic Raab, a lawmaker who strongly supports Britain's European Union exit. After the hours-long meeting at Chequers, May seemed to have persuaded the most vocal Brexit campaigners in the cabinet, including Davis, to back her plan to press for "a free trade area for goods" with the European Union and maintain close trade ties.
  • The U.S. Energy Industry Cant Afford A Trade War

    The U.S. Energy Industry Cant Afford A Trade War

    Economy

    Investors have been particularly anxious that the trade row could harm an already slowing Chinese economy in a blow to global investment and growth. Senate Finance Committee Chairman Orrin Hatch, of Utah, called the new levies "reckless" and not "targeted".
  • United States to move forward on US$200b China tariff list

    United States to move forward on US$200b China tariff list

    Economy

    The move is a major escalation in a brewing trade war between the world's two largest economies. Washington imposed 25 percent tariffs on $34 billion of goods in response to complaints Beijing is hurting American companies by stealing or pressuring enterprises to hand over technology.
  • Booming US jobs market lifts chance of rate rise

    Booming US jobs market lifts chance of rate rise

    Economy

    Average hourly earnings gained five cents, or 0.2 percent in June after increasing 0.3 percent in May. Compared with a year earlier, overall employment was up 1.2 per cent following the creation of 214,900 jobs, which was driven by 284,100 new full-time positions.
  • Experts warn trade battle with China could last into 2019

    Experts warn trade battle with China could last into 2019

    Economy

    Mr Trump has railed against Beijing for intellectual property theft and barriers to entry for USA businesses and a $375 billion U.S. trade deficit with China . Trump has for years slammed what he describes as Beijing's underhanded economic treatment of the United States in terms of trade, with the U.S. trade deficit in goods with China ballooning to a record $375.2 billion last year.
  • Trump Says Gas Prices Are Up, OPEC 'Doing Little To Help'

    Trump Says Gas Prices Are Up, OPEC 'Doing Little To Help'

    Economy

    The bank said that US efforts to block Iran from exporting oil would make it hard for OPEC to meet supply demands, forcing prices to rise. Hossein Kazempour Ardebili , Iran's ambassador to the OPEC , said the strong rhetoric by Trump against OPEC and oil producers could soon push up crude prices to as high as $100 per barrel.
  • Elon Musk offers to help Thailand's government with cave rescue

    Elon Musk offers to help Thailand's government with cave rescue

    Economy

    Twelve boys and their coach, who had been missing since last month, were found by a pair of British cave divers late Monday. He added: "They can not decide how many of them will be able to come out for the first operation". The coach, who has faced criticism for taking the boys out in the cave, also wrote an apology note addressed to his players' parents. "Now and in the next three or four days, the conditions are ideal in terms of the water, the weather and the boys' health", he told ...
  • Oil prices fall as Saudi, Russian output rises

    Oil prices fall as Saudi, Russian output rises

    Economy

    Iran's OPEC governor, Hossein Kazempour Ardebili, accused the United States and Saudi Arabia of trying to push up oil prices and said both countries are acting against the foundation of OPEC. Saudi Arabia, which has been pumping about 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market.
  • Iran Warns Trump's Oil Ban Is 'Self Harm'

    Iran Warns Trump's Oil Ban Is 'Self Harm'

    Economy

    Traders said the decline in fuel inventories was largely down to the outage at Syncrude Canada's 360,000 barrels per day (bpd) oil sands facility near Fort McMurray, Alberta, which is expected to last through July. "With renewed geopolitical risk factors likely to stimulate concerns of supply disruptions, oil prices have scope to extend gains in the near term", Otunuga added.
  • China tries to ease fears that Beijing may target U.S. firms

    China tries to ease fears that Beijing may target U.S. firms

    Economy

    ASIAN ANGST The ongoing angst over U.S. President Donald Trump's trade tariffs had extended the recent slide in Asian markets overnight, in particular Chinese shares which are now deep into "bear" market territory. Chinese stock fell Wednesday due to fears of a looming trade war. The spokesman added that the " US is shooting itself in the foot and hurting the world " with its tariff hikes.
  • Celebrities welcome LeBron James to the Los Angeles Lakers

    Celebrities welcome LeBron James to the Los Angeles Lakers

    Economy

    It's no secret that LeBron James sells tickets like no other , but less than 24 hours after he announced his anticipated 2018 free agency decision , the Los Angeles Lakers market is already feeling the ripple effect of his presence. It's no secret the San Antonio Spurs and Los Angeles Lakers are engaged in trade talks for Kawhi Leonard . "And Rondo is going to challenge Lonzo Ball ".
  • The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

    The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

    Economy

    The comments were sent to the US Department of Commerce on Friday and published on Monday. And the E.U. has warned that it will go much bigger if Trump follows through on his threat to put tariffs on European cars, potentially imposing retaliatory tariffs on nearly $300 billion of us exports .
  • How Newly-Elected Mexican President's Gov't Could Fail Before It Begins

    How Newly-Elected Mexican President's Gov't Could Fail Before It Begins

    Economy

    Lopez Obrador has claimed victory in Mexico's presidential election, calling for reconciliation. According to Mexico's National Election Institute (INE), Lopez Obrador was leading polls with 53% of the vote. In fact, in the eyes of many Mexicans, Mexico has been too respectful. Most voting locations in Mexico closed at 6 pm, local time. Ediane Da Costa Pereira is a Brazilian who became a naturalized citizen in Mexico and voted Sunday in Tijuana, across the border from San Diego.
  • Twitter users call for Walmart boycott over ‘Impeach 45’ clothes

    Twitter users call for Walmart boycott over ‘Impeach 45’ clothes

    Economy

    More than half of the stuff Amazon sold in 2017 came from third-party sellers, rather than Amazon itself, and Walmart saw its sales jump after it overhauled its marketplace. He asked the company in a tweet , "What kind of message are you trying to send?" The company removed a shirt with the slogan "Rope". The continued sale of the clothing items and whether or not a widespread boycott of Walmart catches on has not yet been determined.
  • Amazon Prime Day 2018 announced with big deals

    Amazon Prime Day 2018 announced with big deals

    Economy

    PRIVATE LABEL PUSH: Amazon has been increasing its line of store brands, and it'll be offering deals such as 25 percent off its Rivet furniture brand, which didn't exist a year ago. Amazon Prime does offer a lot of value, but it's not really meant for everyone. There will be so many great offers you may be overwhelmed. Amazon's Prime Day deals are coming to the aisles of Whole Foods as the online retailer seeks to lure more people to its Prime membership after a recent price hike.
  • Iran vice president says private sector to buy, export oil

    Iran vice president says private sector to buy, export oil

    Economy

    It added that it "remains on track to increase its production capacity to 3.5 million (barrels per day) by the end of 2018". OPEC's oil production in June increased by 320,000 bpd from May to stand at 32.32 million bpd, as the cartel's biggest producer Saudi Arabia produced close-to-record volumes, according to a monthly Reuters survey tracking oil supply to the market .
  • Tesla hits 5,000 Model 3 production target

    Tesla hits 5,000 Model 3 production target

    Economy

    Couldn't be more proud to work with you. Despite the simpler design and feature set, Tesla has struggled to get production numbers to a sufficient level. Shares of Tesla fell 2%, near 335.60 during midday trading on the stock market today . Tesla built 49,489 of those cars in the first half of this year.