Economy

Powell Comments Suggest Fewer Rate Hikes Next Year

Powell Comments Suggest Fewer Rate Hikes Next Year

President Trump has been a vocal and outspoken critic of Powell - whom he selected to replace Janet Yellen as Fed chair - saying he was "not thrilled" with him. The Fed fund futures contract expirin...

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Trump joins Canada, Mexico leaders to sign new trade pact

But Trump has argued again this month that those tariffs have fuelled a comeback by the US steel and aluminum industries. Standing between Canadian prime minister Justin Trudeau and Mexican presid...

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Oil Prices Fall Again as US Crude Inventories Rise

Oil Prices Fall Again as US Crude Inventories Rise

The organisation sets production volume to meet the demand for oil in negotiation with countries outside OPEC , such as the USA and Russian Federation. " WTI oil is now trading right around the $50 ...

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The Fed’s No. 2 on Rate Hikes and Inflation

Minutes will be released Thursday (November 29) afternoon. And Mr Powell's words stood in stark contrast to his remarks of a month earlier, when he said rates were still "a long way" from neutral,...

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Trump signs trade deal with Canada and Mexico

Trump signs trade deal with Canada and Mexico

President Donald Trump and Mexico's outgoing President Enrique Pena Nieto on the sidelines of the highly-anticipated G20 summit in Buenos Aires before the new trade pact was officially signed. The p...

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US Fed says another rate hike

US Fed says another rate hike "likely to be warranted fairly soon"

Currently, the Federal Open Market Committee forecasts three quarter-point hikes for next year after a December increase, which is virtually guaranteed. That excitement in the market led to the Dow Jo...

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Ohio Sen. Brown: Trump Supports American Cars Act

Ohio Sen. Brown: Trump Supports American Cars Act

President Donald Trump has made it abundantly clear that he disapproves of GM's plan to close eight North American plants and lay off 15% of its salaried workforce. National Economic Council Direc...

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Scottish Parliament to formally oppose Theresa May’s Brexit deal

Scottish Parliament to formally oppose Theresa May’s Brexit deal

J.K. Rowling led the social media onslaught saying May's comments in response to John McDonnell's assertion that Labour will inevitably back a second Brexit referendum "make literally no sense". Jer...

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Trump studying new auto tariffs after GM restructuring

Trump studying new auto tariffs after GM restructuring

The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, according to the latest Treasury Department financial statements . Trump also said he believ...

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Former Employee Says Facebook is Failing Black People

Former Employee Says Facebook is Failing Black People

He chose to quit, again, without a job, earlier this month. Facebook is "failing its black employees and its black users", according to a black employee's memo circulated internally before he re...

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Microsoft, Apple battle to be most valuable United States company

Microsoft, Apple battle to be most valuable United States company

Apple's market cap hovered around $823.66 billion as of 3:15 p.m.in NY, while Microsoft's stood at $823.90 billion, although the two spent much of Monday afternoon jockeying for the top seat in intrad...

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German police search Deutsche Bank offices in tax haven case

German police search Deutsche Bank offices in tax haven case

Around 170 police officers, prosecutors and tax inspectors took part in the searches which saw written and electronic documents seized, the Frankfurt prosecutor's office said. A Deutsche Bank exec...

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Nasdaq to Launch ‘Bitcoin Futures 2.0’ in Early 2019

Nasdaq to Launch ‘Bitcoin Futures 2.0’ in Early 2019

According to the unnamed source, the Nasdaq derivative price will be compiled by VanEck , an investment management firm based in NY that also seeks to offer a bitcoin exchange-traded fund (ETF)....

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Trudeau meets with Unifor as GM set to shutter Oshawa plant

Trudeau meets with Unifor as GM set to shutter Oshawa plant

The plant employs about 2,800 people in Oshawa, Ontario now. The news caught politicians at all levels and of all political stripes completely off guard despite their frequent conversations with the...

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Cryptocurrencies hit one-year lows amid ongoing Bitcoin Cash schism

Cryptocurrencies hit one-year lows amid ongoing Bitcoin Cash schism

Other digital currencies have also crashed in the past week. " Bitcoin's price can be anywhere in 5 years, from $10,000 to $100,000", stated Joe DiPasquale, CEO of cryptocurrency fund of hedge fund...

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Crude oil prices recover after plunge buoyed by speculation of cuts

Crude oil prices recover after plunge buoyed by speculation of cuts

Benigni pointed out that OPEC will probably manage to stabilize the oil market by choosing the right language. Will the recovery continue in the medium term? . Concerns over slower consumption g...

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Powell backs rate hikes; says financial risks contained

Powell backs rate hikes; says financial risks contained

Powell didn't specifically cite the criticism he has faced from the White House, but he deliberately defended the Fed's recent moves and said "there is no preset policy path". Powell has faced an ...

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Morgan Stanley (MS) Holdings Lifted by Bessemer Group Inc

Morgan Stanley (MS) Holdings Lifted by Bessemer Group Inc

For more Morgan Stanley Emerging Markets Fund, Inc. Earnings report for Morgan Stanley (NYSE:MS) is awaited on January, 17., according to Faxor. One equities research analyst has rated the stock...

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Senate passes back-to-work legislation to end Canada Post rotating strikes

Senate passes back-to-work legislation to end Canada Post rotating strikes

Postal Workers have been holding rotating strikes for more than six weeks while Canada Post and the postal union attempt to reach a deal. Corporate Retail outlets on Almon Street and Bedford Row i...

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Trump to meet Erdoğan at G20 summit in Argentina

Trump to meet Erdoğan at G20 summit in Argentina

The US president also said that it is " highly unlikely " that Washington would delay a scheduled January tariff increase unless another trade deal is agreed upon. "And if it's not made, we will be ...

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11,000 pubs in Britain have disappeared in a decade

11,000 pubs in Britain have disappeared in a decade

Commuter towns have suffered the most pub losses, with Barking & Dagenham, Newham and Luton having fewer than half the pubs they did in 2001. More than 11,000 pubs have served their last order since...

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Trump administration exerting

Trump administration exerting "a lot of pressure" following GM layoff announcement

The firm on Monday announced plans to reducing its salaried workforce by 15% and shut eight factories around the world. The US Treasury invested $51bn in GM just after the financial crisis. They s...

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Trump Says He Expects To Raise China Tariffs

Trump Says He Expects To Raise China Tariffs

Apple's stock price closed official trading up 1.4% amid a rebound in beaten-down tech stocks. In an interview with The Wall Street Journal , Trump said he expects to move ahead with raising tar...

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Microsoft briefly tops Apple as most valuable company

Microsoft briefly tops Apple as most valuable company

Microsoft shares dipped 0.35 per cent after-hours to US$106.10, putting its market capitalization also at US$814 billion. Apple shares fell 1.77 per cent in extended trade after US President Donald ...

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Area ATM mistakenly dispenses $100 bills, not $20s

Area ATM mistakenly dispenses $100 bills, not $20s

Sheriff's officials say some deputies noticed a number of people crowded around the ATM, stopped to investigate and learned $100 bills were wrongly being dispensed. A police officer spotted one of the...

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Union clings to GM plant in area where Trump promised jobs

Union clings to GM plant in area where Trump promised jobs

Trump won OH in 2016 campaigning on bringing manufacturing jobs back to America. But slow-selling sedans will take the cruelest cut, with several models to be killed outright in 2019: The Chevrolet Im...

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Nissan, Mitsubishi drop Carlos Ghosn as chairman following his arrest

Nissan, Mitsubishi drop Carlos Ghosn as chairman following his arrest

Ghosn, who allegedly also abused company assets for personal use, remains in detention in Tokyo but has reportedly denied the allegations, according to Japanese media. CEO Osamu Masuko will beco...

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Logitech tipped to acquire Plantronics with $2B deal

Logitech tipped to acquire Plantronics with $2B deal

According to the sources familiar with the negotiations, both Swiss-based Logitech and California-based Plantronics are eager to reduce manufacturing costs following the recent introduction of tarif...

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Target's Cyber Monday Deals Do Not Disappoint

Target's Cyber Monday Deals Do Not Disappoint

The " holiday shopping season got off to a healthy start", Yruma says, although e-commerce continues to increase its market share, especially as retailers increasingly offer the same promotions onli...

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GM to close Oshawa plant, leaving 2,800 people out of work

GM to close Oshawa plant, leaving 2,800 people out of work

Aaron Wudrick, director of the Canadian Taxpayers Federation, said that "job losses are always unfortunate and governments are right to be seized with finding ways to help affected individuals adjust"...

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