Markets

GM Idles Mexico Plant and Lays off 6000 Workers as Strike Continues

GM Idles Mexico Plant and Lays off 6000 Workers as Strike Continues GM released a statement Tuesday, saying only, "We continue to negotiate and exchange proposals, and remain committed to reaching an agreement that builds a stronger future for our employees and our company". So revenue has been counted already for almost all vehicles that are in dealer hands. GM has said it will provide loaner cars for people who can't get recall or warranty service due to lack of... [Full Article...]

USA to Impose Tariffs on European Aircraft, Agricultural Goods

USA to Impose Tariffs on European Aircraft, Agricultural Goods The focus of nervous global financial markets will then shift to Washington where the US Trade Representative is expected to move quickly to narrow down a preliminary list of goods in line for tariffs, a US source said. Such a decision would allow Washington to target European Union goods worth the same amount. German Chancellor Angela Merkel acknowledged "we have lost a matter under WTO law... [Full Article...]

Soy, corn futures rally as US reports smaller-than-expected stockpiles

Soy, corn futures rally as US reports smaller-than-expected stockpiles Also adding some support was the continued delays in harvesting, though the USDA report on Monday largely met expectations for soybeans . For example, spring wheat harvest in Montana was 84% finished on September 29 compared with the five-year average of 97% for that date. [Full Article...]

Diesel, 95 octane set to rise in October

Diesel, 95 octane set to rise in October In addition to these, the price of light diesel oil will come down to Rs89.48 per litre from the existing Rs91.89 whereas the kerosene oil price will go up from Rs99.57 to Rs100.76 per litre. Director of consumer affairs Conor Faughnan says: "Oil prices fell sharply at the end of past year and Irish fuel prices dropped as well". Ogra last week proposed Rs2.55 per litre price decrease for petr... [Full Article...]

Endeavor Pulls IPO Day Before Going Public

Endeavor Pulls IPO Day Before Going Public The offering raises $1.16 billion and values the trendy digital fitness company at $8.2 billion. This isn't the first time the company has either pulled or delayed their IPO, as a similar situation happened this past Summer after Endeavor purchased OnLocation Experiences. [Full Article...]

China wants to make trade deal 'very badly'

China wants to make trade deal 'very badly' A whistleblower report released on Thursday said Trump abused his office in trying to solicit Ukraine's interference in the 2020 USA election for his political benefit, and that the White House tried to "lock down" evidence about that conduct. [Full Article...]

Ill Effects Of Vaping You Should Know

Ill Effects Of Vaping You Should Know A new study published by CDC found two-thirds who got sick in IL and Wisconsin said they vaped pre-filled THC cartridges from one brand. Today (Sept. The data from Wisconsin and IL, which Schuchat described as "very compelling", along with more information from a national snapshot of patients who fell ill, prompted the CDC to modify its warning Friday. [Full Article...]

DoorDash data breach affects 4.9M people

DoorDash data breach affects 4.9M people Apparently, not all customers were affected by the intrusion. The breach occurred on 4 May 2019 and affected customers, drivers, and merchants who joined the DoorDash platform on or before 5 April 2018. Some consumers may have had the last four digits of their consumer payment cards accessed, however the full card number and CVVs were not accessed. DoorDash says that the full numbers and CVV c... [Full Article...]

Tesla electric police patrol vehicle ran low on power during pursuit, California

Tesla electric police patrol vehicle ran low on power during pursuit, California That was because Hartman started his shift at 2 PM with the Model S and it was not fully charged. She couldn't provide details on why it wasn't charged. However, the department's public affairs manager, Geneva Bosques , said the mishap was nothing more than a lesson regarding their Tesla pilot progam. [Full Article...]

Modi is India's prime minister, but to Trump he's the 'king'

Modi is India's prime minister, but to Trump he's the 'king' He also addressed the UN Climate Action Summit in NY, amongst other events. Prime Minister Narendra Modi said on Wednesday that social media has become a powerful instrument of democracy and it can be used as a "weapon" for good governance. [Full Article...]

Walmart to stop selling e-cigarettes at its stores

Walmart to stop selling e-cigarettes at its stores Walmart Inc instructed its staff on Friday the retailer was discontinuing the sale of e-cigarettes and digital nicotine delivery products at its U.S. E-cigarettes represent a very small part of Walmart's nicotine business, which also includes traditional cigarettes, smokeless tobacco and nicotine gum. [Full Article...]

Iran's Rouhani blames foreign forces for causing 'insecurity' in the Gulf

Iran's Rouhani blames foreign forces for causing 'insecurity' in the Gulf The official did not say whether Britain believed the attack was launched from Iranian soil. The extra US presence is the first step in increasing security, Defense Secretary Mark Esper told reporters; he didn't rule out additional moves down the road. [Full Article...]

Tour company Thomas Cook collapses

Tour company Thomas Cook collapses British Prime Minister Boris Johnson says the government was right not to bail out tour company Thomas Cook, arguing that travel firms should do more to ensure they don't collapse. Some 20,000 of the Thomas Cook customers in Greece are on Crete, according to Michalis Vlatakis, the head of the island's union of tour operators, who described the collapse of Thomas Cook as a "7-magnitude quake", a... [Full Article...]

Walmart Drops E-Cigarettes

Walmart Drops E-Cigarettes But health officials still have not identified the cause. Shares of Altria Group Inc., the Marlboro maker that invested in e-cigarette maker Juul Labs Inc. Earlier on Friday, U.S. senators including Richard J. Durbin (D-Illinois) and Lisa Murkowski (R-Alaska) urged the Food and Drug Administration to "immediately remove" all cartridge-based e-cigarettes from the market. [Full Article...]

United States backs Saudi 'right to defend itself,' Iran warns of 'all-out war'

United States backs Saudi 'right to defend itself,' Iran warns of 'all-out war' Zarif made the comment in an interview published by CNN Thursday. Iranian Foreign Minister Mohammad Javad Zarif is warning that any US or Saudi military strike on Iran will result in " all-out war ". He said separately Wednesday that he is moving to increase financial sanctions on Tehran over the attack, without elaborating. Iraq said it would not join the coalition. [Full Article...]

U.S. central bank cuts interest rates again

U.S. central bank cuts interest rates again Stocks closed little changed Wednesday after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders. "No guts, no sense, no vision", the President fumed. Unemployment is projected to be 3.7%, slightly higher than the 3.6% rate in the previous forecast. Like the stock market, mortgage rates are forward-looking, which is why, over the past few months, they dr... [Full Article...]

WTI Crude Oil: Iran Faces Increased Sanctions Over Drone Attacks

WTI Crude Oil: Iran Faces Increased Sanctions Over Drone Attacks The official, who spoke to the media anonymously, added: "The Houthis have never employed this type of Unmanned Aerial Vehicle (UAV) - neither the UAV nor the cruise missiles employed in the attack can reach the facilities from Yemen". On Wednesday, Rouhani defended Yemen's right to respond to Saudi attacks on the country and said Saturday's attack should be considered a "warning" by Yemen's H... [Full Article...]

USA 'locked and loaded' after blaming Iran for Saudi oil attack

USA 'locked and loaded' after blaming Iran for Saudi oil attack It is an extraordinary charge to make, that Iran used missiles and drones to attack its neighbor and rival Saudi Arabia, as the region teeters on the edge of high tensions. According to the USA official, 17 structures at Abqaiq suffered damage on their west-northwest facing sides, along with two points of impact at Saudi's Khurais facility. [Full Article...]

USA stock futures fall after Saudi oil attacks

USA stock futures fall after Saudi oil attacks Saturday's attacks knocked out more than half of Saudi oil output, or more than 5% of global supply. That drew an angry response from Tehran, where a foreign ministry spokesman said: "Such fruitless and blind accusations and remarks are incomprehensible and meaningless". [Full Article...]

Hong Kong Exchanges makes £29.6bn bid for LSE

Hong Kong Exchanges makes £29.6bn bid for LSE HKEX's publication of its offer caught the London Stock Exchange off-guard. UK Business Secretary Andrea Leadsom, speaking on Bloomberg Television as news of the deal broke, said the British government would scrutinize any tie-up between the exchanges. [Full Article...]


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