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Finance

Many current owners were more than happy to share their knowledge of Tesla vehicles with new owners. "Tesla intends to certify to the Commission that it and Elon have timely completed each of their respective actions required pursuant to the Settlement", the company said in a securities filing.
  • California farm linked to E. coli outbreak recalls cauliflower, lettuce

    California farm linked to E. coli outbreak recalls cauliflower, lettuce

    Finance

    Sediment from a reservoir near where the produce was grown tested positive for E. coli O157:H7. The Canadian Food Inspection Agency has announced a recall of certain types of cauliflower and lettuce due to possible E. The affected products were sold from December 3 through December 14. More severe infections can lead to kidney failure and even death. Out of an abundance of caution, Giant Eagle promptly removed the products from its produce department.
  • White House trade advisor vows 'tough' talks with China

    White House trade advisor vows 'tough' talks with China

    Finance

    General Motors sees their shares jump up to more than 4 percent in premarket trading, while both Ford Motor Company and Tesla rise up to 3 percent. On the day of the trade ceasefire, US-China relations took an unexpected turn with the high-profile arrest of Huawei Technologies chief financial officer Sabrina Meng Wanzhou in Canada.
  • Rural Kansans respond to farm bill awaiting president's signature

    Rural Kansans respond to farm bill awaiting president's signature

    Finance

    The House voted 369-47 to agree to a Farm Bill compromise that includes redefining cannabis plants with no more than 0.3% THC. The final bill sailed through the House and Senate on Thursday by unanimous consent. Nevertheless, there will be more money for farmers using advanced conservation practices, such as growing cover crops (reimbursed at 125 percent of the farmer's costs) and resource conserving crop rotations and advanced grazing practices (both at 150 percent of costs).
  • Google, Facebook face greater scrutiny in Australia

    Google, Facebook face greater scrutiny in Australia

    Finance

    The Australian Competition and Consumer Commission (ACCC) voiced on Monday its concern over the extent to which Google and Facebook are collecting user data in order to enable target advertising. Additionally, Sims stated that the inquiry has uncovered concerns that some digital platforms have breached competition or consumer laws, of which the ACCC is now investigating five allegations to determine if enforcement action is needed.
  • US, Western Diplomats See Political Motive Behind OPEC Oil Cut

    US, Western Diplomats See Political Motive Behind OPEC Oil Cut

    Finance

    This is about 3% cut for OPEC and Russian Federation combined. Concerns that oil producers wouldn't reach an agreement to aggressively reduce output had weighed on prices, but US government data revealing the first decline in domestic crude supplies in 11 weeks did offer a brief respite in prices from the session's lows on Thursday and contributed to Friday's early move.
  • RBI says no basis to reports about Acharya quitting as Deputy Governor

    RBI says no basis to reports about Acharya quitting as Deputy Governor

    Finance

    He has been in the Reserve Bank of India for about 6 years as Deputy Governor and Governor. The historic tensions in government-central bank relations were reignited in October when, in a public lecture, RBI Deputy Governor Viral Acharya talked about the independence of the Reserve Bank, arguing that any compromise could be "potentially catastrophic" for the economy.
  • China summons US envoy over exec's detention

    China summons US envoy over exec's detention

    Finance

    The detention was carried out at the request of the US judicial authorities, who claim Huawei violated the sanctions the USA has imposed on Iran . Huawei says it is not aware of any wrong doing of Ms Meng and will follow the bail hearing.
  • Elon Musk has 'no respect' for U.S. regulator

    Elon Musk has 'no respect' for U.S. regulator

    Finance

    Musk: I want to be clear, I do not respect the SEC. Musk made a few other noteworthy comments on 60 Minutes , among them the widely reported statement that he doesn't "respect" the Securities and Exchange Commission. I'm just being me. Musk: Well I guess we might make some mistakes. But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric auto company's largest shareholder.
  • Shares plunge over Huawei arrest trade war concerns

    Shares plunge over Huawei arrest trade war concerns

    Finance

    Worse still, the continuing negotiations in the US-China trade war have only been set aside in recent days on a temporary basis and this move is likely to be seen by China as extremely inflammatory to the talks. "(Canada) arrested a Chinese citizen (who did not violate) any Canadian or American law", the statement said. If she chooses not to fight, she could be in the United States within weeks, experts said.
  • Huawei CFO arrested in Canada, faces extradition to US

    Huawei CFO arrested in Canada, faces extradition to US

    Finance

    Huawei makes telecom equipment and personal electronics sold worldwide. Huawei's head office was not immediately available for comment by late Wednesday, and its North America spokesman declined to comment on Meng's detention when contacted over the weekend.
  • Soybeans Lead Gains in Agriculture on U.S.-China Trade Truce

    Soybeans Lead Gains in Agriculture on U.S.-China Trade Truce

    Finance

    The editor in chief of The Daily Wire played "Free Market Avenger" to " Tariff Man " on Tuesday after the president's trade-war rhetoric with China shook the stock market . Despite Mnuchin's earlier comments on President Trump leading trade negotiations with China, . "It will always be the best way to max out our economic power".
  • Donald Trump says he'll terminate Nafta

    Donald Trump says he'll terminate Nafta

    Finance

    Sen. Pat Toomey (R-Penn.) has said that he thinks the new deal is a step back from NAFTA , and that before he could support it, it would need to get a "few tweaks that move it in the direction of a more pro-trade agreement". Trump said the new deal was a model agreement that would stop auto jobs from going overseas, protect intellectual property rights and provide robust protections for digital trade and financial services.
  • US, China declare 90-day halt to new tariffs, White House says

    US, China declare 90-day halt to new tariffs, White House says

    Finance

    China also agreed to boost its purchases of agricultural and industrial goods to reduce its trade imbalance with the US, she said. Trump and Xi agreed to "immediately" begin talks on Chinese industrial policies, including coercive licensing of US technology, trade secret theft and non-tariff trade barriers.
  • Trump and Xi poised for high-stakes summit over trade war

    Finance

    The group of 20 accounts for 85% of the world's GDP and two-thirds of its population. The president has also repeatedly said that should a deal not be reached, his administration stands ready to further escalate the USA tariffs imposed on China .
  • Fed: Slower pace of monetary tightening? - Westpac

    Fed: Slower pace of monetary tightening? - Westpac

    Finance

    The spread on euro-dollar interest rates future is negatively correlated with emerging markets as higher interest rates in the United States dim the appeal of risky assets. It is not clear whether the idea of perhaps nudging rates above neutral, as he had earlier suggested, is still on the table, or if it means he expects fewer rate hikes, or even a pause.
  • Russia: Production Cuts Are Needed To Stabilize Oil Markets

    Russia: Production Cuts Are Needed To Stabilize Oil Markets

    Finance

    The price of a barrel of WTI crude oil fell below $ 50, falling to the lowest level since September 2017. Traders remain uncertain about whether the OPEC and non-OPEC producers like Russian Federation will agree to curb output at their Vienna gatherings next week.
  • Apple Stock Drops as Trump Discusses Potential iPhone Tariff

    Apple Stock Drops as Trump Discusses Potential iPhone Tariff

    Finance

    Trump is also set meet with Chinese President Xi Jinping over dinner this weekend, in what may be a pivotal session to determining if and how the ongoing trade dispute between their two countries could be resolved. "I am conservatively optimistic that can be done", he added. China has retaliated but has less room to manoeuvre as the United States buys much more from China than it exports there.
  • Trump Slams GM, Threatens Company

    Trump Slams GM, Threatens Company

    Finance

    I said: 'I heard you're closing your plant. The White House rebuke appears to fly in the face of long-held Republican opposition to picking winners and losers in the marketplace. OH is a critical political battleground in presidential elections. Under that deal, Carrier pledged to keep almost 1,100 jobs in Indianapolis, including some 800 furnace production jobs it planned to cut with outsourcing.
  • GM to slash 14,700 jobs in North America

    GM to slash 14,700 jobs in North America

    Finance

    The Cruze compact vehicle will be discontinued in the USA market in 2019. Rivals Ford Motor Co and Fiat Chrysler Automobiles NV have both curtailed USA auto production. GM is also moving to cut capital spending overall, even as it says it will double the resources dedicated to electric and self-driving vehicles over the next two years.
  • US Government Warns Allies Not to Use Huawei Products

    US Government Warns Allies Not to Use Huawei Products

    Finance

    The battle begun in 2012 when United States policymakers considered both Huawei and ZTE to be threats for National Security. The outreach over Huawei comes as the world shifts to adapt to the US's new confrontational posture against China .
  • Dow falls almost 500 points, dragged down by Target and tech shares

    Dow falls almost 500 points, dragged down by Target and tech shares

    Finance

    The Dow dropped 551 points, and the S&P 500 and the Nasdaq Composite plunged by almost 2 percent, according to reports. It was down as much as 512 earlier. Caterpillar fell 3.1 percent to $125.98 and Nike lost 3 percent to $72.52. Boeing sank to $320.04 and Caterpillar fell 3.1 percent to $125.90. Oil prices rebounded as benchmark US crude gained 2.2 per cent to $54.63 a barrel in NY.
  • RBI, Government Step Back From the Edge After 9-Hour Meet

    RBI, Government Step Back From the Edge After 9-Hour Meet

    Finance

    On other issues however - such as the question of whether increased liquidity would be provided to the non-banking finance (NBFC) sector - there appears to have been no decision taken at all. It also advised that the RBI should consider a scheme for the restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to conditions of ensuring financial stability.
  • Crude Drops 7% as Oil Markets Face

    Crude Drops 7% as Oil Markets Face "Unprecedented" Uncertainty

    Finance

    Michael Burns, oil and gas partner at law firm Ashurst, said: "If you had suggested two months ago that the oil price would sit around $66 per barrel (Brent), I think most people would have been very surprised". USA investment bank Goldman Sachs said on Wednesday the renewed price collapse reflected "concerns over excess supply in 2019..." Oil markets have been concerned about potential supply disruptions amid heightened tensions between the United States and Saudi Arabia over the ...
  • California wildfire: Number of missing jumps to over 600

    California wildfire: Number of missing jumps to over 600

    Finance

    The Woolsey Fire that destroyed nearby homes of the likes of Gerard Butler and Miley Cyrus is just one of five main blazes which have ripped through the Golden State this month, and remained burning as of Friday morning. In 2008, the pair of wildfires that menaced Paradise destroyed 130 homes. The "Woolsey Fire" has razed 98,000 acres (39,660 hectares) and has been 57 percent contained.
  • Amazon East: Incentives from, benefits for new Amazon HQs

    Amazon East: Incentives from, benefits for new Amazon HQs

    Finance

    The prize, which Amazon called HQ2, attracted hundreds of proposals from across North America in a year-long bidding war that garnered widespread publicity for the company. - Performance-based direct incentives of $1.525 billion, based on 25,000 full-time, high-paying jobs created. What benefit the company would actually get was unclear.
  • Oil down 2 percent after Trump urges OPEC not to cut supply

    Oil down 2 percent after Trump urges OPEC not to cut supply

    Finance

    Abu Dhabi , home to most of the U.A.E.'s oil deposits, this month increased planned spending by 22 percent to exploit recent discoveries and raise capacity. Sean Evers, managing partner, Gulf Intelligence, said, "The severity of United States sanctions has clearly not turned out to be as robust as had been expected with the USA offering waivers to 8 countries, including China and India , Asia's two largest importers".
  • Wall Street ends mostly lower as Federal Reserve holds fire

    Wall Street ends mostly lower as Federal Reserve holds fire

    Finance

    Officials voted unanimously in September to raise their benchmark rate to a range between 2% and 2.25%. Trump has criticized the central bank for raising rates "too fast", calling the Fed the biggest threat to the US economy. Trump has repeatedly attacked Fed Chairman Jerome Powell, saying the central bank is raising rates too aggressively. "While a deeper and more persistent drop in equity markets could dash confidence and lead to a significant pullback in risk-taking and spending, we are ...
  • Races to watch in US midterm elections 2018

    Races to watch in US midterm elections 2018

    Finance

    They also could force Trump to scale back his legislative ambitions, possibly dooming his promises to fund a border wall with Mexico, pass a second major tax-cut package or carry out his hardline policies on trade. Florida's Senate race pits the long-time incumbent, Democrat Bill Nelson, against the state's outgoing governor, Republican Rick Scott. "In stark contrast to the GOP Congress", Pelosi said, "a Democratic Congress will be led with transparency and openness".
  • Exit polls: Trump's approval over 50% where it mattered in Senate races

    Exit polls: Trump's approval over 50% where it mattered in Senate races

    Finance

    The GOP's grip on high-profile governorships in Georgia and Wisconsin were at risk as well. A major surge in early voting also sparked speculation that the so-called " Trump effect" was motivating progressive voters to turn out in record numbers - but as numerous election experts have pointed out, early voting has been a rising trend for years , and it's unclear whether all those early voters support Republicans or Democrats .
  • US drops the sanctions hammer on Iran ... again

    US drops the sanctions hammer on Iran ... again

    Finance

    This year, people have taken part in the rallies ever more enthusiastically to condemn Washington's anti-Iran policies as the United States government has chose to re-impose what it calls crippling sanctions on Tehran on November 5. Iran is the world's No. 3 oil exporter. The European Union has established a mechanism to permit its multinational companies to maintain presences in Iran, but all signs are that the U.S.
  • Trump distancing self from fate of GOP in House

    Trump distancing self from fate of GOP in House

    Finance

    The president is under fire for running an ad in the closing days of the election featuring an illegal immigrant who murdered two police officers and promised to kill more if he has the chance. Recent polls have suggested the GOP is likely to expand its presence in the Senate, while many House races are in dead heats. Rosen and Heller both agree, however, the future of the president's agenda hinges on the Nevada race.
  • Lowe's closing more than 50 stores in the USA and Canada

    Lowe's closing more than 50 stores in the USA and Canada

    Finance

    Ellison told investors in August that the smaller OSH stores were not running well and could never become a big part of Lowe's overall business. The company says eight employees at each Mississauga location will be affected. David Soberman, a University of Toronto professor specializing in marketing and retail, said Lowe's 2016 acquisition of Rona Inc.in a deal valued at $3.2 billion.
  • Oil Slips On Signs of Rising Supplies, Economic Slowdown Jitters

    Oil Slips On Signs of Rising Supplies, Economic Slowdown Jitters

    Finance

    In turn, the top three producers are supplying the market at a record 33.41mbpd. China - the leading importer of Iranian oil - is still in discussions with the US on terms, but is among the eight countries set to receive a waiver, according to two people familiar with the discussions who also asked not to be identified.
  • Trump Hints China Trade Moves for Argentina G20 After Xi Call

    Finance

    On Thursday, the U.S. accused a Chinese state-owned company of conspiring to steal trade secrets of USA chip-maker Micron Technology Inc as part of a Justice Department crackdown against China in cases of suspected economic espionage. "But the tariffs already imposed will not go away", Tu said. Fujian Jinhua Integrated Circuit Co and Taiwan's United Microelectronics Corp were indicted along with three individuals, the Justice Department said.