WTI, Brent up 2.7% as Saudi Arabia signals deal extension

Saudi: Saudi Energy Minister Khalid Al Falih said Russian Federation was the only remaining oil exporter still undecided on the need to extend the global output deal between OPEC and its allies until the end of the year, TASS news agency report... More..

by | Published more than a month ago
Mexico denies Trump's claim of secret concessions in deal
by | Tuesday, June 11, 2019

Mexico denies Trump's claim of secret concessions in deal

U.S. President Donald Trump faced questions Monday afternoon about his recent deal with Mexico to control immigration , but provided little clarity on what he said were undisclosed portions of the agreeme...More..

Trump Nixes Plans For Mexican Import Tariffs After Reaching Immigration Deal
by | Tuesday, June 11, 2019

Trump Nixes Plans For Mexican Import Tariffs After Reaching Immigration Deal

Josh Hawley, R-Mo., said the way to stop the crisis at the southern border with Mexico is by expanding the Remain in Mexico Program and holding Mexico's "feet to the fire". It has also pledged to reinforce ...More..

United Technologies-Raytheon Merger to Create Long-Term Value
by | Tuesday, June 11, 2019

United Technologies-Raytheon Merger to Create Long-Term Value

United Technologies provides plane makers with electronics, communications and other equipment, while Raytheon primarily supplies the US government with military aircraft and missile equipment. A model of the P...More..

Raytheon United Technologies: Merger will create defense giant
by | Monday, June 10, 2019

Raytheon United Technologies: Merger will create defense giant

Mr Trump said the merger could harm competition and make it more hard for the United States government to negotiate defence contracts. Several Wall Street analysts sent notes outlining the positives for both ...More..

US asks China to break impasse in trade talks
by | Monday, June 10, 2019

US asks China to break impasse in trade talks

He said, "There's no question where we are now, that this is a result of them backtracking on significant commitments", adding, "For whatever reasons they made a decision to do that, I'll leave to them". While ...More..

Uber COO, marketing chief step down in leadership overhaul: memo
by | Monday, June 10, 2019

Uber COO, marketing chief step down in leadership overhaul: memo

What impact will this have on you pressing a button and getting something delivered or hopping into a stranger's vehicle for a ride? Khosrowshahi will now oversee the company's core business, after spending...More..

Amazon Loses FedEx Express Delivery
by | Monday, June 10, 2019

Amazon Loses FedEx Express Delivery

FedEx did not disclose details of the Amazon contract, but Wassmer said Amazon represented less than 1.3 per cent of FedEx revenue past year. FedEx shares were up 0.8 percent at $158.10 at the time of publica...More..

Kroger recalls frozen berries over health risk
by | Monday, June 10, 2019

Kroger recalls frozen berries over health risk

The contamination was discovered during a frozen berry sampling by the Food and Drug Administration. "These products are available at Kroger and other retail locations and have a two-year shelf life ..." Th...More..

Beyond Meat sees sales more than doubling in 2019, shares jump 21pc
by | Sunday, June 09, 2019

Beyond Meat sees sales more than doubling in 2019, shares jump 21pc

The addition of Beyond Meat in grocery stores has caused some disagreement about where plant-based meat should be placed, according to an article in Reuters that interviewed nine USA grocers. Analysts consi...More..

People are Freaking Out Over This Rooftop Infinity Pool
by | Sunday, June 09, 2019

People are Freaking Out Over This Rooftop Infinity Pool

So to keep things safe at leas, the company would be implementing Acrylic instead of Glass with a transparent bottom that allows visitors on lower floors to see the pool and swimmers right above them. The pool ...More..

Waterstones owner adds Barnes & Noble to its bookshelf
by | Sunday, June 09, 2019

Waterstones owner adds Barnes & Noble to its bookshelf

Purchasing Barnes & Noble's is Elliott's second foray into the book business after it bought Waterstones , the largest bookseller in the United Kingdom, in June 2018. Both chains will operate independently but...More..

May Jobs Report: 75,000 Jobs Added, Unemployment Remains At 3.6 Percent
by | Sunday, June 09, 2019

May Jobs Report: 75,000 Jobs Added, Unemployment Remains At 3.6 Percent

The Labor Department says the modest increase follows a healthier gain of 224,000 in April. The unemployment rate stayed steady at 3.6%, and the share of people in the labor force remained unchanged, at 6...More..

Uber Copter to take flight in NYC this summer
by | Sunday, June 09, 2019

Uber Copter to take flight in NYC this summer

News has surfaced of Uber's newest venture courtesy of today's New York Times - Uber Copter. Uber believes it can cut the travel time between Manhattan and JFK - typically between one and two hours, d...More..

Historically Low Interest Rates Cut To New Historic Low
by | Sunday, June 09, 2019

Historically Low Interest Rates Cut To New Historic Low

Lowe in his speech said the main downside risk to the economic outlook was global trade disputes that have "intensified recently", echoing St. Louis Fed chief James Bullard, who warned Monday that a US easing "...More..

Rare-earth elements are vital to American industries and society: David Morgan
by | Sunday, June 09, 2019

Rare-earth elements are vital to American industries and society: David Morgan

While Australia-based Lynas can not match China's rare earths processing capability, it is hoping that its role as the largest rare earths miner and the largest processor outside of China will help it forge n...More..

Managing a Single Node for Facebook’s Cryptocurrency Network Will Cost $10M
by | Sunday, June 09, 2019

Managing a Single Node for Facebook’s Cryptocurrency Network Will Cost $10M

A big plus point in Facebook's case is its huge user base of 2.3 billion people whom the company can pitch its idea of the new digital money. It's asking companies to pay $10 million to operate a node that ca...More..

Central banks lower interest rates as world awaits the Fed, ECB
by | Sunday, June 09, 2019

Central banks lower interest rates as world awaits the Fed, ECB

This indicates the ECB is far from considering a rate cut just yet and raised concerns the bank could be slow to respond to any new downturn in the Eurozone economy. Like the US, the eurozone is seeing economic...More..

Schumer Tries to Be Sarcastic after Mexico Deal Announcement…It Doesn’t Work!
by | Sunday, June 09, 2019

Schumer Tries to Be Sarcastic after Mexico Deal Announcement…It Doesn’t Work!

Earlier Friday, Trump tweeted there was a " good chance " that the USA would reach a deal with Mexico on migration . Trump wrote that the tariffs that had been scheduled to go into effect on June 10 agai...More..

Unions hit out at Ford plan to close Wales plant in 2020
by | Saturday, June 08, 2019

Unions hit out at Ford plan to close Wales plant in 2020

The company also said its decision is based on the loss of a contract to create engines for Jaguar Land Rover cars, along with a general decrease in demand for Ford's 1.5-liter engines. First, it was that i...More..

Mega Millions Jackpot Surpasses Half A Billion Dollars For Friday Drawing
by | Saturday, June 08, 2019

Mega Millions Jackpot Surpasses Half A Billion Dollars For Friday Drawing

The Megaplier was 3x. This is the first jackpot in the game to exceed the $500 million mark since last year's record-setting $1.5 billion jackpot that was won in October. Since then, 24 twice-weekly drawings ...More..

Oil prices extend gains, move further away from five-month lows
by | Saturday, June 08, 2019

Oil prices extend gains, move further away from five-month lows

Supply has also been limited by US sanctions on oil exports from Iran and Venezuela. U.S. WTI settled +1.8% to $52.59/bbl and Brent futures finished +1.7% at $61.67/bbl, and both benchmarks are rallying...More..

Subaru And Toyota Join Forces For Major New Project
by | Saturday, June 08, 2019

Subaru And Toyota Join Forces For Major New Project

Toyota said on Friday that it would partner with leading Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL), as well as Chinese EV maker BYD Co Ltd for supplies. Toyota has always been a prop...More..

China Grants 5G Licenses for Commercial Use
by | Saturday, June 08, 2019

China Grants 5G Licenses for Commercial Use

It has shipped more than 100,000 5G base stations, ranking top in the world, according to the company. China Mobile , which is the largest of China's state-owned telecoms, is planning to provide 5G services...More..

Mexico tariffs on track to take effect Monday: W.House
by | Friday, June 07, 2019

Mexico tariffs on track to take effect Monday: W.House

The head of the US House Ways and Means Committee on Thursday vowed to take steps aimed at blocking tariffs on Mexican goods if US President Donald Trump moves ahead with his economic threat to levy such imp...More..

Walmart announces in-home delivery, will bring groceries right to your fridge
by | Friday, June 07, 2019

Walmart announces in-home delivery, will bring groceries right to your fridge

Alongside a new promotional video showing a customer using a smartphone app for the delivery, the company offers an InHome FAQ on their website, revealing that their mission behind the new service "is to help...More..

Trump to decide on $300 billion China tariffs after G20 meeting
by | Friday, June 07, 2019

Trump to decide on $300 billion China tariffs after G20 meeting

We'll see what happens... "I will say, I want to get a deal but what they did was very bad", he told host Laura Ingraham. China's Commerce Ministry also said today that Beijing would have to adopt necessa...More..

National Doughnut Day: Here's where to snag sweet deals and free treats
by | Friday, June 07, 2019

National Doughnut Day: Here's where to snag sweet deals and free treats

The shop's three locations - one in downtown Boston and two in Saugus - will also offer guests a box of doughnut holes with the purchase of a dozen doughnuts. Duck Donuts (3630 W 95th Street, Leawood, Kans...More..

Companies add fewest jobs in 9 years in May
by | Friday, June 07, 2019

Companies add fewest jobs in 9 years in May

A recent string of weak reports on retail sales, factory orders and home purchases indicate growth is slowing as the trade war weighs on businesses. "We are closely monitoring the implications of these develo...More..

Fiat Pulls $39.4B Renault Merger Offer, Citing French Politics
by | Friday, June 07, 2019

Fiat Pulls $39.4B Renault Merger Offer, Citing French Politics

It is possible that the government may have said something about the deal which led to its eventual withdrawal. French Finance Minister Bruno Le Maire had laid down conditions for the tie-up with FCA, insisti...More..