Money

FBN’s Charlie Gasparino Torches Trump Over False GDP Claim: ‘Utter Bull Sh

FBN’s Charlie Gasparino Torches Trump Over False GDP Claim: ‘Utter Bull Sh

Hassett told reporters the GDP growth rate is higher than the unemployment rate for the first time in 10 years, not 100 as the president suggested in his tweet. On Rosh Hashanah Hassett addressed the White House press briefing to review the ISM Purchasing Managers' Index, durable goods, employment and other statistics to bolster the proposition that we need more Trump. Read More

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Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement

Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement

The U.S. president made the announcement today in the Oval Office, with Mexican President Enrique Pena Nieto joining by speaker phone. "We're going to call it the United States/Mexico Trade Agreement", he said. The U.S. president also threatened America's northern neighbor with penalties if there is no agreement. Other key issues are Chapter 19 anti-dumping panels, which the USA wants to kill but which may be a deal-breaker for Canada, as well as Canada's dairy sector, which Trump is ... Read More

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Amid Mendocino blaze, Verizon slowed data speed for firefighters

Amid Mendocino blaze, Verizon slowed data speed for firefighters

Chief Bowden and Verizon representatives are slated to speak at the hearing. The lawsuit, filed by 22 states and the District of Columbia, challenges the Federal Communications Commission's repeal of net neutrality rules , which prevented internet service providers from purposely slowing the data, called "throttling", and blocking or discriminating against users, platforms or content providers. Read More

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Russia Stockpiling Gold As US Prepares New Sanctions

Russia Stockpiling Gold As US Prepares New Sanctions

The Russian ruble was on track for its lowest close in more than two years Wednesday as Washington ramped up sanctions on Moscow . Whitehouse went on to give Trump's national security team credit for continuing to call out Russian Federation for trying to interfere in American democracy, despite the unusual statements that the president regularly makes. Read More

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Tesla forms panel to gauge taking company private

Tesla forms panel to gauge taking company private

Musk said that full details regarding the source of funding would be provided before anyone would be asked to decide on going private but that it was "premature" to share such information on Monday. The board said the committee's members are Brad Buss , Robyn Denholm and Linda Johnson Rice , and that it has hired Latham & Watkins LLP as the committee's legal counsel. Read More

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Turkish lira down 22% as crisis builds

Turkish lira down 22% as crisis builds

The tariff move effectively priced Turkish steel out of the USA market, which accounts for 13 percent of Turkey's steel exports. As the tariffs will take effect immediately, a lot of Turkish steel exporters and USA importers could be hurt, as there are steel cargoes on the way to the United States and some cargoes waiting to be shipped, an S&P Global Platts report said citing Turkish industry sources. Read More

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Elon Musk tweets he may take Tesla private

Going private would reduce the market pressure on Tesla, especially from short sellers who believe Tesla is set up to fail and are pursuing strategies to profit from Tesla's troubles. The stock was halted at $366.94 per share. "The 16 percent premium to the current share price may not be high enough to incentivize existing shareholders to support the sale". Read More

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US GDP accelerates to 4.1% growth after Trump's tax cuts

US GDP accelerates to 4.1% growth after Trump's tax cuts

Trump has said he sees annual growth of 3 per cent or more as sustainable. "These numbers are very, very sustainable". Investors don't seem as impressed. "Manufacturing jobs are among our best jobs and we're just getting started", he added . "So I would guess the next time we write down our forecast for a year that it will go up by a couple of tenths". Read More

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Fed says trade war downturn could pose challenges

Fed says trade war downturn could pose challenges

The United States is now disputing retaliatory tariffs by China, the European Union , Canada, Mexico and Turkey, in response to new U.S. duties on steel and aluminum. The White House later said in a statement that the president respects the US central bank´s independence and was not interfering with its policy decisions. Read More

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Bullish on Tesla's Future in China, Musk Ends 3-Day Visit

Bullish on Tesla's Future in China, Musk Ends 3-Day Visit

Musk earlier had stated "Would love to be in India". Tesla's losses increased by 97.5 per cent to just under $785 million in the first quarter of 2018, despite the fact that earnings rose by 26.4 per cent to more than $3.4 billion. Tripp complaint filed with the SEC includes accusations that the former Tesla employee has disclosed to the press before: Tesla overstated to investors the number of Model 3 vehicles being produced each week by as much as 44%; batteries with puncture holes were ... Read More

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Oil price soon to reach $100 per barrel

Oil price soon to reach $100 per barrel

Brent crude futures were at $77.70 per barrel at 0653 GMT, down 54 cents, or 0.7 percent, from their last close. In addition to reducing the price of its August barrels, Saudi Arabia also told the Organization of the Petroleum Exporting Countries (OPEC) that it increased production by nearly 500,000 barrels per day last month. Read More

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Iran vows to attack oil trade if U.S. sanctions bite

Iran vows to attack oil trade if U.S. sanctions bite

Brian Hook, the state department's director of policy planning, told reporters that the USA aimed to get as many countries as possible down to zero Iranian oil imports. "Iranian crude oil will be offered on the bourse and the private sector can export it in a transparent way", First Vice President Eshaq Jahangiri told an economic event in Tehran broadcasted live on state television. Read More

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Amazon seeks entrepreneurs for delivery service

Amazon seeks entrepreneurs for delivery service

Your Amazon packages, which usually show up in a UPS truck, an unmarked vehicle or in the hands of a mail carrier, may soon be delivered from an Amazon van. Probably not. There are more packages to be delivered besides the ones shipped by Amazon . Amazon is also offering qualifying military veterans $10,000 in reimbursements to get their own delivery business started. Read More

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