Business

Canadian PM did not request meeting with Trump, says spokesperson

Canadian PM did not request meeting with Trump, says spokesperson A USTR spokesman declined comment on the timing. White House economic adviser Larry Kudlow (3rdR-standing) and Jesus Seade (R), Mexico's President-elect Obrador's representative in trade negotiations look on as President Trump announces the U.S. [Full Article...]

Facebook: Up to 50m accounts hit by breach

Facebook: Up to 50m accounts hit by breach This enabled them, the company said in a statement , to steal access tokens which they could then use to take over people's accounts. The social network says that the vulnerability has been fixed and law enforcement has been notified. [Full Article...]

It’s National Coffee Day: That means free and discounted java!

It’s National Coffee Day: That means free and discounted java! Coffee lovers, rejoice! Saturday, Sept. 29 is National Coffee Day, and that means a lot of deals and freebies on coffee, of course. Current or new members of the Krispy Kreme free-to-join Rewards program get a complimentary doughnut on Saturday too. [Full Article...]

Stocks fall after the Fed hikes rates

Stocks fall after the Fed hikes rates Powell said businesses have raised concerns about the impact of trade conflicts, but the Fed has not seen much of an impact on the economy so far. "They are going to raise rates in September and probably going to give the signal that they going to raise rates in December", David Wessel of the Brookings Institution, told AFP. [Full Article...]

Elon Musk reportedly walked away from settlement with SEC

Elon Musk reportedly walked away from settlement with SEC In the absence of a deal, SEC action could ultimately remove Musk from the company permanently and prohibit him for life from serving as an executive or director at any public company. Tesla shares were down down less than 1% this year through Thursday. "It was interesting that the number one investor in Tesla, Baillie Gifford, confirmed that they had not heard anyone regarding this go-private ... [Full Article...]

Tesla shares drop as analysts divided on Musk’s future with the company

At the same time, a report surfaced that Musk backed out of an eleventh-hour settlement offer from the Securities and Exchange Commission that would have forced him to step down as chairman for only two years. More seriously for Musk, and Tesla, they can ban a director from serving as an officer in a public company - a measure they are pursuing against Musk. [Full Article...]

Tesla is making its own car carriers

Tesla is making its own car carriers In a Twitter post from the company's chief executive, Elon Musk , it was found out that Tesla is now undergoing an extreme shortage of trailers especially-designed to transport the electric cars. Musk won't be hand-delivering this latest round of Model 3s, however. Maybe next Tesla could start making its own tires, or roll out with a lineup of maternity wear? "If you have a Model 3 and you'... [Full Article...]

Here’s why Justin Trudeau says the Americans are finding NAFTA talks ‘tough’

Here’s why Justin Trudeau says the Americans are finding NAFTA talks ‘tough’ Contrary to Trump's claims, the Prime Minister's Office says that there was never a meeting requested with Trudeau to begin with. The two nations have been locked in negotiations for a year on a rewrite of the 25-year-old continental trade deal that Mr Trump blames for losses of U.S. [Full Article...]

Fed Raises Interest Rates, Signals One More Increase This Year

Fed Raises Interest Rates, Signals One More Increase This Year In addition to its formal statement , the Fed released the economic projections of the members of its Federal Open Markets Committee. Trump has previously criticized the Fed for raising interest rates. The Fed's rate hikes have contributed to higher borrowing costs for consumers, as interest rates on credit cards, mortgages and other forms of lending have climbed. [Full Article...]

NAFTA deal ‘meaningless’ without protection from Trump auto tariffs, Canadian ambassador says

NAFTA deal ‘meaningless’ without protection from Trump auto tariffs, Canadian ambassador says Trump made the comments late Wednesday as part of a free-wheeling news conference at the end of the United Nations General Assembly. Trump has said "a few times" that a new deal would mitigate the tariff issue, the prime minister said. "There are some parties working in Washington who think that if the two leaders get together, they may be able to resolve the thornier issues", said the person, f... [Full Article...]

Trump tweet biggest insult to U.S. allies in ME: Iran

Trump tweet biggest insult to U.S. allies in ME: Iran OPEC leader Saudi Arabia and its biggest ally outside the group, Russia , have pushed back against complaints by US President Donald Trump that oil prices are too high, Reuters reported . "The OPEC meeting on 3rd December will set the agenda for the next year's price mark". In a speech, Mohammad Barkindo, OPEC secretary general, said the organisation would "work hard to ensure a susta... [Full Article...]

The world will see the largest gold mining company

The world will see the largest gold mining company Private Vista LLC bought a new position in Barrick Gold in the 1st quarter worth $125,000. Barrick shareholders will own almost 67 percent of the combined company, which is meant to combine Randgold's mines in Africa with Barrick's holdings in the Western Hemisphere. [Full Article...]

Donald Trump says he rejected Trudeau’s request for one-on-one meeting on NAFTA

Asked about the challenges posed by a USA threat of auto tariffs, Trudeau said Canada would need to feel confident "about the path forward as we move forward - if we do - on a NAFTA 2.0". Canada is looking for a way to reach a deal Trump can hail as a triumph, MacNaughton said. A spokesman for the U.S. Trade Representative's Office declined to comment. [Full Article...]

Oil eases, but Iran sanctions keep Brent above $80 a barrel

A Nigerian oil industry official said the Organization of the Petroleum Exporting Countries will act to balance the market after oil prices hit a four-year high, but its options may be limited by available spare capacity. The bank's analysts said in a note Tuesday that "another supply catalyst beyond Iran would likely be needed for prices to meaningfully break to the upside". [Full Article...]

Michael Kors snaps up Italy's Versace

Michael Kors snaps up Italy's Versace The move comes around one year after Michael Kors acquired luxury footwear brand Jimmy Choo for US$1.2 billion, with the former saying it would keep the existing management structure of Jimmy Choo once the deal completes, with Pierre Denis staying on as chief executive. [Full Article...]

Donald Trump blasts Iran for sowing 'chaos, death, destruction'

Donald Trump blasts Iran for sowing 'chaos, death, destruction' Trump's administration has reinstated sanctions on Iran after pulling Washington out of the multinational 2015 nuclear deal with Tehran. Speaking a year after he threatened to " totally destroy North Korea " if it endangered the U.S. [Full Article...]

Instagram co-founders step down from company

Instagram co-founders step down from company Exactly when Systrom and Krieger plan to put in their last days at Instagram remains unclear, and Facebook has yet to name their replacements. However, TechCrunch reports that a reason for the exit of the founders could be because of mounting tensions between Instagram and Facebook's leadership with regard to Instagram's autonomy. [Full Article...]

Are We Experiencing a Ripple Rally? Price Indicates Yes

Are We Experiencing a Ripple Rally? Price Indicates Yes XRP's official Twitter account is @ Ripple and its Facebook page is accessible here. Ripple's daily trading volume accordingly saw a spike of nearly 100 percent to more than $2 billion. However, Ripple then answered that the sample was quite small to see a difference. According to information disseminated throughout 2018, the cross-border payment system has been a hit with financial in... [Full Article...]

Ramaphosa to address United Nations high-level general debate

Ramaphosa to address United Nations high-level general debate President Donald Trump said Tuesday that he won't be meeting with Iranian President Hassan Rouhani in the imminent future, though he didn't close the door on doing so eventually as he prepares to address a United Nations gathering on curbing nuclear proliferation. [Full Article...]

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism'

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism' Last week, China announced retaliatory tariffs on USA products worth $60 billion after the United States did not withdraw its duties on Chinese imports worth $200 billion effective from Monday. And President Trump has threatened to tax effectively all of China's imports to the US - a move China can't match with tariffs alone. He told the representatives that "certain USA forces have been m... [Full Article...]


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