Tuesday, 19 February 2019
Latest news
Home » Markets


Trump blames stock market drop on Federal Reserve


Once the market dived, he sought a handy culprit for its fall. Donald Trump has been vocally dissatisfied with the Federal Reserve's pace of rate hikes in 2018, with Trump stating publicly that he "likes low interest rates ". The law creating the Federal Reserve says the officials can be "removed for cause". An increase in interest rates makes debt more expensive, while a corresponding decrease can make it cheaper. Read More »

Trump calls stock selloff 'a correction,' says Federal Reserve is 'crazy'


The S&P 500 was also down 3% while the tech-heavy Nasdaq (Frankfurt: 813516 - news ) lost 4%. Netflix , for example, is still up more than 60 percent for the year, and Amazon is up almost 50 percent. Ten-year yields reached 3.26 percent Tuesday, a level last seen since 2011. It was at just 3.05 percent early last week. The Federal Reserve can likely stop raising USA interest rates once they reach about 3 per cent, as long as inflation remains around 2 per cent and the economy is doing ... Read More »

Dow Jones Industrials Sink 800-plus Points


Technology and internet-based companies are known for their high profit margins, and many have reported explosive growth in recent years, with corresponding gains in their stock prices. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. Stocks from emerging markets were also hard hit. Read More »

Khashoggi was murdered, Saudis did it, leading Republican says


Saudi officials say he left shortly afterwards but Turkish officials and his fiancee, who was waiting outside, said he never came out. Donald Trump has said the United States is being "very tough" in its bid to find out what has happened to missing Saudi journalist Jamal Khashoggi . Read More »

US stock market has worst day in eight months

Jeremy Klein, chief market strategist at FBN Securities, said: "Portfolio managers tend to move to the sidelines in a skittish tape out of fear of suffering from a quick and sharp pullback". Microsoft lost 1.4 per cent in early trading Wednesday and 3M gave up 1.6 per cent. Insurance companies dropped as Hurricane Michael continued to gather strength and came ashore in Florida bringing winds of up to 155 miles per hour. Read More »

Missing Saudi journalist's fiancée asks for Trump's help


He's got a vision for the country that I think is extraordinary for a young leader. He said he and his wife, Melania, expect to invite Cengiz to the White House soon. Khashoggi had first left Saudi Arabia a year ago, saying he feared retribution for his criticism of Saudi policy in the Yemen war and its crackdown on dissent. Read More »

Oil prices rise as Iranian crude exports fall

The U.S.'s sanctions on Iranian oil come into effect on November 4, but at least one country says it won't be playing ball. "Likely, India and Iran will agree to use Rupee payments instead of United States dollar payments, something already tried between 2013 and 2015, with Iran then using Rupees to import food, medicines and other commodities from India", said Leszczynski. Read More »

International Monetary Fund upgrades outlook on Russian Federation as economy recovers

The Toronto Stock Exchange's S&P/TSX composite index was down 70.78 points, or 0.44 per cent, at 15,875.39. Dow futures lost 0.5 per cent and the S&P 500 futures were down 0.6 per cent. The country's fifth devaluation since December, taking rupee losses to about 26 percent, had been expected and seen as a prerequisite for another International Monetary Fund rescue package. Read More »

Officials warn about viral Facebook hoax messages


According to officials, your account is not sending out duplicate friend requests . If you're concerned that your account may have been hacked or you want to ensure it is a secure as possible then here it what you need to know. I had to do the people individually. Officials say forwarding the message only makes it worse. Maybe your mom has asked you what she should do. Read More »

United States challenges International Court of Justice ruling on Iran sanctions regime


The increased production also failed this week to prevent premium crude prices from hitting a four-year high above $86 a barrel in London trading. The Indian government "has conveyed to the Trump administration that India is a fit case for a presidential waiver from the provisions of Countering America's Adversaries Through Sanctions Act (CATSA) on Russian Federation and the sanctions on trade with Iran", the Hindustan Times reported on Friday. Read More »

U.S. Employment Rises Much Less Than Expected In September


The growth in the number of jobs observed 96 months in a row . This suggests that the tax cuts that took effect this year are boosting job opportunities. With the bigger than expected decrease, the unemployment rate fell to its lowest level since hitting 3.5% in December of 1969. However, the report also showed a significant upward revision to the pace of job growth in August, with employment spiking by 270,000 jobs compared to the originally reported jump of 201,000 jobs. Read More »

Labor Dept.: Unemployment, job growth down in September


It also represented a milestone in the remarkable rebound that followed: eight straight years of monthly job growth, double the previous record. The rate remained unchanged in September at 62.7 percent of eligible workers in the workforce, down from a pre-recession rate of 66 percent . Read More »

'Despondent' Musk's Tesla resembles Lehman, Greenlight's Einhorn says


The Tesla boss tweeted the " Shortseller Enrichment Commission ", as he dubbed the Securities and Exchange Commission (SEC), was doing "incredible work". The deal also calls for Tesla to pay a $20 million fine and vet any social media posts by Musk that could have a material impact on the company's finances. Read More »

Boris putting the pressure on May


In a speech to the Conservative Party's annual conference on Wednesday, she said "leaving without a deal - introducing tariffs and costly checks at the border - would be a bad outcome for the United Kingdom and the EU" - though she refused to rule it out. Read More »

Petrol, diesel prices slashed by Rs 2.50 per litre


Union Finance Minister Arun Jaitley on Saturday said he disagreed with the Supreme Court's judicial view on Section 377 that sexuality is a part of free speech. The reduction follows petrol and diesel prices soaring to new highs. Indian stocks fell for a third straight session on Friday, dragged by shares of energy companies such as Reliance Industries Ltd and oil marketers, a day after the government announced a cut in fuel prices. Read More »

US Asks Google To Shun China Search Engine Project

A trio of Democratic senators on the Senate Intelligence Committee has written a letter to Director of National Intelligence Dan Coats requesting "additional information" about President Trump's accusation , made last week at the United Nations General Assembly in NY, that China has been "attempting to interfere in our upcoming 2018 election". Read More »

New trade deal could benefit MI dairy farms


With the U.S. having access to the Canadian market but not vise versa, den Haan says Canada will become a dumping ground for excess milk from the States. Morneau says that's slightly higher than the 3.25 per cent that was agreed to under another deal - the Comprehensive and Progressive Agreement for Trans Pacific Partnership - with 10 countries including Mexico, Japan and Australia. Read More »

China used tiny chips on US computers to steal secrets


The report says that the chips would connect to certain remote systems to receive instructions and could then do things like modify the running operating system to remove password validation, thereby opening a machine up to remote attackers. Read More »

Petrol, Diesel Is Now Cheaper By Rs 5/Litre! Find Out How?


The move by the central and state governments will cost the exchequer a significant amount but will provide relief for consumers. The new fuel prices would be effective in the state from this midnight, an official spokesman said . He said that Kerala would not reduce the tax on petroleum products as it would adversely affect the revenue of the state. Brent oil on Wednesday crossed $86 per barrel, which is the highest in the last four years, and rising interest rates in the USA have a ... Read More »

Donald Trumps heralds 'new dawn' with trade deal


The USMCA is still built on the framework of NAFTA , free agriculture trade flowing through North America. Dan Ujczo, a trade lawyer with Dickinson Wright, tells the Post , "the heavy lift is going to be getting a trade deal through the next Congress in 2019 as well as ratification by Mexico's new Congress and in Canada during federal election year". Read More »

Saudi king wouldn’t last 2 weeks without United States support: Donald Trump


Trump made an undiplomatic remark about close ally Saudi Arabia on Tuesday, saying he warned Saudi Arabia's King Salman he would not last in power "for two weeks" without the backing of the USA military. President Trump said, "we protect Saudi Arabia". Saudi Arabia was the U.S. leader's first stop during his first worldwide tour as president past year. Read More »

Tesco takes on discount rivals with new Jack's chain


Launch of Jack's supermarket in Chatteris.Dave Lewis. Jack Cohen founded Tesco 99 years ago in 1919. Branding is seen outside Tesco's new discount supermarket Jack's, in Chatteris, Britain, September 19, 2018. Britain's "big four" grocers are trying to adapt to changing habits, including the declining popularity of big weekly shops and the growth of online shopping. Read More »

Amazon to pay $15 an hour to all U.S. employees


Amazon isn't the only company making moves to raise wages for its employees. At the new pay rate, an Amazon employee who makes the new minimum wage would need to work more than three weeks (133 hours) to buy one share of the company's stock, which now sits above $2,000. Read More »

A Look at Larry Culp’s Career


The company also announced that the Power division may take a $23 billion "goodwill impairment charge", a mechanism whereby companies settle the differences between the actual value of assets and the premium paid to acquire them. A year into Flannery's tenure, investors were reportedly concerned he was not working fast enough to restructure the company. Despite this, GE's share price continued to. Read More »

Elon Musk turns to army of Tesla volunteers to hit targets


Following two tumultuous days, Musk has settled with the SEC, agreeing to step down as chairman for 3 years and add 2 new independent directors, with him and Tesla each paying a $20 million in penalties. The basis of the SEC's suit was that Elon didn't have funding secured at all and was potentially misleading investors. Musk is Tesla's largest investor, holding a 20-percent stake in the company. Read More »

Amazon raises starting wage for its workers to $15 an hour


Effective Nov. 1, the USA wage increase to $15 an hour applies to more than 250,000 current employees along with 100,000 more seasonal workers who will be hired during the holidays, Amazon said Tuesday in a statement . And Walmart, the country's largest private-sector employer, which has more than 1 million USA workers, raised its minimum wage to $11 in February. In addition to committing to higher minimum pay, Amazon says it will "work with policymakers in Washington, D.C., to advocate for ... Read More »

Manufacturers relieved, dairy farmers angry in wake of NAFTA replacement deal


A day after claiming that India wants a trade deal with the US, President Donald Trump on Monday said that he has spoken to the Indian government over tariffs and was assured that they would be reduced substantially. The new deal covered trade between the three countries worth $1.2bn and was "truly historic", he said. "I would say this is a good deal in that it protects our interests, it sets a good foundation for future discussions", he said. Read More »

Facebook hit with class-action lawsuit after security breach


The implementation of Europe's General Data Protection Regulation ( GDPR ) meant that Facebook was required to notify data protection authorities within 72 hours if any affected users were in the European Economic Area. Then a congressional investigation found that agents from Russian Federation and other countries have been posting fake political ads since at least 2016. Read More »

Canada-US reach deal to stay in trade pact with Mexico


Outgoing President Enrique Pena Nieto said via Twitter on Monday the deal negotiated over the last 13 months "achieves what we proposed at the beginning: a win-win-win agreement". Trump said the deal will give US farmers greater access to export wheat, poultry, eggs and dairy, while also turning North America into a "manufacturing powerhouse" and ensuring higher wages for auto workers. Read More »

GE, Seeking Path Through its 3rd Century, Ousts CEO


Flannery's departure calls into question his plans to reorganize one of America's best-known corporations by selling businesses and cutting costs. GE also announced a $23 billion goodwill charge on its power business, which has been struggling with a downturn in the gas-turbine market, and said it will likely miss free cash flow and earnings estimates for the fiscal year of 2018. Read More »