Money

Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Companies are now coming back to America. The Aura will be gone and they will be taxed like never before! "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". Harley-Davidson executives met with Trump at the White House past year after Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned. Read More

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Iran against any increase in OPEC oil output

Iran against any increase in OPEC oil output

OPEC, he said , "is not an organization to receive the instruction from President Trump and follow it". " Iran rejected a potential compromise, saying it won't support even a small increase in oil production". That means the country has little to gain from a deal to raise OPEC output, unlike top oil exporter Saudi Arabia . The correction in prices have been a continuing trend since May 23, when prices breached the $80 mark after the announcement of new U.S. Read More

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Judge approves $85 billion AT&T-Time Warner deal

Judge approves $85 billion AT&T-Time Warner deal

AT&T will now have a major foothold in the media industry. Comcast has already made an offer for Sky, the United Kingdom satellite TV business. AT&T applauded the court's decision. That power would allow the company to raise prices for pay TV rivals and online streaming services, the government said. AT&T and Time Warner dismissed the government's concerns. Read More

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Porsche’s Mission E all-electric vehicle becomes the ‘Taycan’

Porsche’s Mission E all-electric vehicle becomes the ‘Taycan’

According to Porsche when the Taycan arrives, it will feature two electric motors producing more than 600 horsepower and will accelerate up to 60 miles per hour in less than 3.5 seconds. Tesla's Model S has a maximum range of 335 miles and can accelerate from 0-60 in 2.5 seconds. Of the additional three billion euro, some 500 million euro is claimed to be used for the development of Taycan variants and derivatives. Read More

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Bitcoin sceptic Jamie Dimon tells buyers to 'beware'

Bitcoin sceptic Jamie Dimon tells buyers to 'beware'

Buffett and Dimon announced they are partnering with Business Roundtable , a group of roughly 200 CEOs of major US companies, to call on companies to consider eliminating quarterly guidance. About 31 percent gave annual earnings-per-share guidance. CEO Jamie Dimon appealed for radical changes to the way public companies disclose financial information. Read More

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Tesla (TSLA) rallies ~10% on Elon Musk’s confidence as the shorts scramble

Tesla (TSLA) rallies ~10% on Elon Musk’s confidence as the shorts scramble

Responding to a question about compact [Golf size] and sub-compact [Fiesta size] cars, Musk told the Tesla shareholders' conference: "I think we'll do a compact vehicle in less than five years". Tesla's shareholders were asked to vote on a proposal by one stockholder that the company's chair be an independent director, not Elon Musk, who has been chairman since 2004 and is also the chief executive officer. Read More

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Going it alone: USA alienates allies before taking on Beijing

Going it alone: USA alienates allies before taking on Beijing

The White House statement came a day after it renewed its threat to place 25 per cent tariffs on United States dollars 50 billion in Chinese goods in retaliation of the latter's unfair trade practices. US President Donald Trump is concerned about China's unfair trade practices and striving to stop Beijing from such practices and theft of American intellectual property, the White House said on May 31. Read More

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Aussie Shoppers Blocked From Using Amazon's US Website

Aussie Shoppers Blocked From Using Amazon's US Website

The GST amendment lowers the current minimum spend for GST inclusion from $1000 to $1 in response to backlash from local retailers. Amazon will block Australians from buying from its worldwide e-commerce websites and restrict them to a smaller local platform from July in response to new tax rules that consumer advocates fear will reduce the range of choice for customers in Australia . Read More

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Stamp Out Hunger Food Drive set for Saturday

Stamp Out Hunger Food Drive set for Saturday

In that blue bag put non-perishable items like cans of food, cereal, pasta, etc. Place that bag next to your mailbox on Saturday and letter carriers will collect the food. "Usually, when we get bulk donations, they'll go to places like Loaves and Fishes, where they serve a lot of meals at once". The goal is to make significant donations of food to organizations serving people in need. Read More

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Starbucks changes bathroom policy

Starbucks changes bathroom policy

The decision follows a recent incident in Philadelphia , where two black men were arrested at a Starbucks after asking to use the bathroom. When they sat in the store without ordering anything, the manager called police, and the men were arrested for trespassing. Read More

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Consumer price index climbs 0.2% in April

Consumer price index climbs 0.2% in April

Hotel and motel rates, which had posted an outsize gain in March, rose 0.8% in April. The index rose 2.1% for the 12 months ending in April. The British pound fell 0.2 percent to $1.3523. Economists had forecast the CPI rebounding 0.3% in April and the core CPI climbing 0.2%. Here are the new June inflation indexes for all TIPS. Average weekly earnings, also taking into account inflation, fell 0.1% last month. Read More

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Royal Bank of Scotland tentatively settles US claims for $4.9B

Royal Bank of Scotland tentatively settles US claims for $4.9B

The bank past year settled a similar case with the U.S. Federal Housing Finance Agency, the conservator of Fannie Mae and Freddie Mac, for $5.5 billion. But McEwan stressed that the timing of selling the stake is in the government's hands. Chancellor Philip Hammond has signalled his intention to sell down the government's stake in RBS which is still around 70%. Read More

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