Money

Money Fed raises rates for 3rd time this year with 1 more expected
Author: 0 Fed raises rates for 3rd time this year with 1 more expected

While calling the economy strong and financial vulnerabilities moderate, he also said the central bank is hearing a "rising chorus" of concern about tariffs and the U.S.'s turn toward protectionist trade policies. WALL STREET: Major U.S. indexes fell after the Fed pushed interest rates higher as expected. President Trump expressed his displeasure over the Federal Reserve raising the benchmark interest rate by another quarter-percentage point.

Money Canada's race against time with USA to reach NAFTA deal
Author: 0 Canada's race against time with USA to reach NAFTA deal

While the full text of its new trade agreement with the United States has to be released, Mexico never won protection from future tariffs, said Heyman. The U.S. exported more goods to Canada past year than to China, Japan and Germany combined. But late on Thursday, U.S. officials reached out to Canada to ask for details of Ottawa's negotiating demands and where it might be able to make compromises, Reuters reported .

Money Tesla short sellers score after SEC sues Elon Musk
Author: 0 Tesla short sellers score after SEC sues Elon Musk

In a statement Thursday, Musk said the SEC lawsuit left him "deeply saddened and disappointed". "In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source", the SEC said in the complaint filed in federal district court in the Southern District of NY.

Author: 0 Tesla shares plunge as regulators launch fraud lawsuit against Elon Musk

The U.S. Securities and Exchange Commission made the connection clear at a Thursday press conference after announcing that it had sued Musk for falsely asserting that he had secured funding to take the company private at $420 a share. That day, Tesla shares closed up 11 per cent from the previous day. The regulator wants Musk to pay fines and any money he gained from the spike-causing tweets, and wants to remove him as CEO of Tesla.

Money Facebook says 50M accounts affected by breach
Author: 0 Facebook says 50M accounts affected by breach

Facebook has since releasing the security update said attackers used APIs to access personal information. The social media site do not know who is behind the attack or where they are based, according to a statement. As another precaution, the company is also turning off the " View As " feature temporarily while it conducts a review. The company has also reset the access tokens to an additional 40 million accounts that were the subject of a View As look up as a precautionary measure.

Money United Kingdom govt 'agrees not to favour European Union workers after Brexit'
Author: 0 United Kingdom govt 'agrees not to favour European Union workers after Brexit'

Her blueprint for the United Kingdom leaving the European Union, known as the Chequers plan, was rejected by EU leaders at a disastrous summit in Salzburg, Austria, last week . Tusk's rejection of the Chequers plan has created a political problem for the prime minister ahead of the Conservative Party conference. She will go on to say she has a plan for an economy that is knowledge-rich, highly-innovative, highly-skilled and high quality but with low tax and smart regulation.

Money Tesla constructing own auto transporters to help conveyances: Musk
Author: 0 Tesla constructing own auto transporters to help conveyances: Musk

As it is often the case with Tesla , they made a decision to come up with a solution in-house: "they are building their own vehicle carriers", Electrek reported on Monday. 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.

Money Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition
Author: 0 Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition

The Federal Reserve increased the target range for its benchmark interest rate to two to two-point-two-five percent, . setting the rate at its highest level since April 2008. Interest rate hikes have sped up under Chairman Jerome Powell in response to a robust economy, which will help curb inflation. "We've been hearing a rising chorus of concerns from businesses all over the country about disruption of supply chains, materials cost increases and loss of markets", Powell said.

Money USA says Canada not making concessions needed for NAFTA deal
Author: 0 USA says Canada not making concessions needed for NAFTA deal

Trump went on to say that the United States will be taxing cars coming in from Canada because the U.S. is "very unhappy" with the current NAFTA negotiations. "We don't have any comment beyond that". The White House now plans to submit a new proposed trade agreement between the USA and Mexico for Congress to begin reviewing as soon as this week.

Author: 0 Oil jumps, then pares gains as Trump pressures Opec again

Iranian Minister of Petroleum has welcomed OPECs decision effectively rebuffing President Donald Trump's calls for a hike in oil output, saying USA empty dream to zero Irans oil exports would not realize. "If he wants the price of oil not to go up and the market not to get destabilised, he should stop unwarranted and disruptive interference in the Middle East and not be an obstacle to the production and export of Iran's oil".

Author: 0 Canada refusing to make concessions on NAFTA

Sources with knowledge of the talks have told The Globe and Mail that, in addition to these matters, Canada's demand for an exclusion from potential future auto tariffs, and US demands for tougher pharmaceutical patent protections and increased duty-free online purchases for Canadian consumers, have not been resolved.

Money Why $100 Oil May Not be Far Off
Author: 0 Why $100 Oil May Not be Far Off

But he said producers would reduce "supply if there is ever. a demand shock to the market". Brent could rise to $100 for the first time since 2014 as the market braces for the loss of Iranian supplies due to USA sanctions, according to Mercuria Energy Group Ltd.

Money Michael Kors acquires luxury fashion brand Versace for $2.1 billion
Author: 0 Michael Kors acquires luxury fashion brand Versace for $2.1 billion

Kors, which will be renamed Capri Holdings Ltd., said it expects to increase Versace's revenue to $2 billion and increase the number of its retail outlets to 300 from 200. The brand is known for its opulent, glamorous designs that are always in heavy rotation on celebs. Jefferies reiterated its "buy" rating for Micheal Kors after the acquisition of the Italian designer house Versace .

Money Trump draws laughter in UN summit
Author: 0 Trump draws laughter in UN summit

Speaking at the United Nations General Assembly , Mr Trump described Iran as having a "corrupt dictatorship" which he claims "fueled and funded" the civil war in Syria. "We must protect our sovereignty and our cherished independence above all", said Trump. " Didn't expect that reaction , but that's OK", he responded.

Money Why the Instagram co-founders left Facebook
Author: 0 Why the Instagram co-founders left Facebook

Two years into Instagram's tenure-which began only eight years ago!-the famously prescient Mark Zuckerberg bought Instagram for $1 billion in cash and stock, seeing in the burgeoning company the promise of a tech giant. Instagram had about 30 million users in 2012, the year it was purchased by Facebook for what appeared to be an eye-watering $1bn. Still, any risk from the "over-Facebookization" of Instagram would take time to play out, said Mr.

Money Strawberries pulled from shelves in New Zealand after needles found within
Author: 0 Strawberries pulled from shelves in New Zealand after needles found within

The chain advised consumers to cut up strawberries before eating them. Countdown is working with New Zealand and Australian authorities. This comes after a massive recall across the Tasman, where the product was pulled from the shelves of a number of supermarkets after the discovery of strawberries spiked with needles across six regions in Australia.

Money Australia strawberry scare: Woolworths halts sewing needle sales
Author: 0 Australia strawberry scare: Woolworths halts sewing needle sales

Consumers are still being urged to buy strawberries and other fruit however they have been warned to slice the fruit before eating it. "We have worked with our suppliers to implement additional control measures to ensure strawberries are inspected before they are sent to supermarkets", a spokesperson said.

Money Crude Oil Price Steady Following Inventory Report
Author: 0 Crude Oil Price Steady Following Inventory Report

The current price action confirms the notion that the crude oil market is "fragile" and highly sensitive to the upside on any news that even hints at lower supply. Speaking of oil, recently oil prices were increased by 1.6% in the USA, as the US stocks fell by 5.3 Million barrels. Opec and oil producers outside the group, including Russian Federation, will meet on Sunday to revise oil production quotas.

Money Coca-Cola eyes move into cannabis drinks
Author: 0 Coca-Cola eyes move into cannabis drinks

Coca Cola issued a statement on the media speculation, on Monday, which said: "We have no interest in marijuana or cannabis ". Heather MacGregor, a spokeswoman for Aurora, said in an emailed statement that the cannabis producer has expressed specific interest in the infused-beverage space , and intends to enter that market, BNN Bloomberg's David George-Cosh reported .

Money Oil Rises as Dollar Declines, Supply Concerns Persist
Author: 0 Oil Rises as Dollar Declines, Supply Concerns Persist

Brent crude futures had dropped 29 cents, or 0.37 percent, to $77.76 per barrel by 12.02pm. USA crude futures (CLc1) were down 6 cents at $69.79, after gaining 1.4 percent the day before. USA stock indexes broadly fell yesterday, weighing on oil futures, on expectations that Trump would go ahead with the new tariffs and that Beijing would retaliate.

Money Passengers hurt after Jet Airways flight loses cabin pressure
Author: 0 Passengers hurt after Jet Airways flight loses cabin pressure

An official with the Directorate General of Civil Aviation told CNN News 18 that the crew forgot to press a button . "The passenger claimed that Jet Airways has not taken care of its customers and therefore he should be paid Rs 30 lakh in addition to 100 upgrade vouchers to enable him travel in a business class on an economy class ticket", a source said.

Money Unveiled: The first all-electric auto from Audi
Author: 0 Unveiled: The first all-electric auto from Audi

Amazon will handle the home charging installation through its Amazon Home Services division. Although most of the e-tron quattro's styling cues have already appeared on other Audi models, they've all been adapted to make it look a bit more futuristic.

Money 13+ cheesy freebies and deals for National Cheeseburger Day
Author: 0 13+ cheesy freebies and deals for National Cheeseburger Day

Offers may vary by location. In honor of National Cheeseburger Day, Wendy's is giving away a free Dave's Single with the purchase of just about anything for the rest of September. The FB Burger normally sells for $8 to $10. The only thing better than a deliciously juicy burger is one that's topped in creamy, melted cheese. Red Robin is offering a $5 "gourmet cheeseburger", complete with its signature Bottomless Steak Fries, with the purchase of any beverage.

Money Trump imposes tariffs on $200B more of Chinese goods
Author: 0 Trump imposes tariffs on $200B more of Chinese goods

The president had already announced tariffs on $ 50 billion (€43 billion) worth of Chinese goods since July in two phases. The new tariffs that President Trump put on $ 200 billion worth of Chinese goods Monday will hit home in a place that may not sit well with American consumers: their holiday gift-giving budgets.

Money USA impose new $200bn tariffs on China imports
Author: 0 USA impose new $200bn tariffs on China imports

On the contrary, Trump has picked fights with each of those trading partners - from imposing tariffs on imported steel and aluminum to demanding that Mexico and China transform the North American Free Trade Agreement into a deal more favorable to the United States .

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