Markets

In his tweet about the new tariffs , Trump said "Our relations with Turkey are not good at this time!" In response, President Trump tweeted in July, "The United States will impose large sanctions on Turkey for their longtime detainment of Pastor Andrew Brunson , a great Christian, family man and wonderful human being".
  • OIL PRICE CRISIS: Donald Trump’s ‘BITING’ sanctions on Iran cause price rise

    OIL PRICE CRISIS: Donald Trump’s ‘BITING’ sanctions on Iran cause price rise

    Markets

    Meanwhile, the Trump administration went ahead this week on its vow to reimpose sanctions on Iran . However, it is rumored to be new sanctions on Iran. "Anyone doing business with Iran will NOT be doing business with the United States". Ultimately, I think this market will continue to be very noisy, as the geopolitical issues continue to push oil markets around.
  • China says it will retaliate with tariffs on $60B of U.S. goods

    China says it will retaliate with tariffs on $60B of U.S. goods

    Markets

    But Mr. Trump raised the stakes this week by asking the U.S. Trade Representative to consider increasing the proposed tariffs on the $200 billion worth of goods to 25%. LNG was another product where the United States had real potential to boost exports to China, something Trump touted before launching his trade war .
  • Illinois Celebrates First Annual 'Barack Obama Day'

    Illinois Celebrates First Annual 'Barack Obama Day'

    Markets

    The original bill would have called for schools and state offices to close. Nancy Pelosi wrote : "Happy birthday, President @ BarackObama! ". "God you are missed, your kindness, integrity, generosity, civility and plane class is something we are sorely missing today happy birthday and God bless you & the United States".
  • Elon Musk just tweeted he's considering taking Tesla private

    Elon Musk just tweeted he's considering taking Tesla private

    Markets

    If the tweet is serious (and not the work of hackers or a particularly wild night on the factory floor), it would allow Tesla to go private and inject some much-needed capital into the company. Only Toyota and Volkswagen would be worth substantially more than Tesla, which is now the world's fifth biggest automaker by market capitalization.
  • Ontario government to announce buck-a-beer plan

    Ontario government to announce buck-a-beer plan

    Markets

    If you're looking for a cheap brew in Ford's "buck-a-beer" era, head to Prince Edward County, Ont. Sources told CTV News Toronto on Monday that enticements, including prime shelf space and free advertising, will be offered to those who lower beer prices to $1.
  • Elon Musk is seriously considering taking Tesla private

    Elon Musk is seriously considering taking Tesla private

    Markets

    On Twitter Tuesday, Musk said he has secured funding from a private buyer. "I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible", Musk said.
  • Facebook asks USA banks for financial info to boost user engagement

    Facebook asks USA banks for financial info to boost user engagement

    Markets

    Bancorp ( USB ) in the past year to determine whether potential offerings for bank customers on Facebook Messenger might be possible. Facebook wants banks to share your financial data to expand Messenger, says report . Per the WSJ's reporting, Facebook also asked for additional data, like where customers are spending their money outside of the social network. "Account linking enables people to receive real-time updates in Facebook Messenger where people can keep track of their ...
  • Pepsico's long-time chief executive Indra Nooyi steps down

    Pepsico's long-time chief executive Indra Nooyi steps down

    Markets

    Nooyi will be succeeded on October 3 by Ramon Laguarta, who has served as Pepsi's president since a year ago. Having always aspired to be in the US, Nooyi left her job at Johnson & Johnson and applied for the Yale School of Management and got through with a scholarship.
  • Donald Trump says tariffs are working, US and China are talking

    Markets

    On Wednesday, Trump proposed a higher 25 percent tariff on $200 billion worth of Chinese imports. Markets will be closely watching the data on two-way trade between the world's two biggest economies, as well as China's trade surplus with the United States, a sore point in the trade relationship.
  • Iran receives more airplanes ahead of renewed US sanctions

    Iran receives more airplanes ahead of renewed US sanctions

    Markets

    The US also said that it would exert "maximum economic and diplomatic pressure" on other countries to stop buying crude oil from Iran. Currently China is the world's top buyer of crude oil, including from Iran, making Chinese refusal to cooperate a major challenge to the US.
  • Royal Bank of Scotland pays first dividend since financial crisis

    Royal Bank of Scotland pays first dividend since financial crisis

    Markets

    The interim dividend will be 2p per share, though the timing of the payout is subject to the finalisation of its U.S. settlement. With the first dividend in a decade, investor sentiment could improve over the near term. The resumption of dividend payments paves the way for further share sales. RBS left its guidance for the current year unchanged. In morning deals, the company's share price jumped 3.3 percent to 258.30 pence on London's rising stock market.
  • FDA: 400 sickened by parasite in McDonald's salads

    FDA: 400 sickened by parasite in McDonald's salads

    Markets

    Fresh Express , a California produce company owned by Chiquita Brands, is linked to an outbreak that sickened almost 400 people in 15 states who ate salads from McDonald's . The company later said it replaced the supplier of salads in those states. On July 26, the FDA's investigation of Fresh Express, a salad mix retailer, they found Cyclospora in an unused package of salad mix containing romaine lettuce and carrots that was distributed to McDonald's.
  • Canada exports hit record in June, shrug off U.S. metals tariffs

    Canada exports hit record in June, shrug off U.S. metals tariffs

    Markets

    In figures also released Friday, the U.S. Commerce Department said the country had a $2-billion United States trade deficit with Canada, up 39.7 per cent from May. Canada's total exports increased 4.1 per cent to $50.7 billion in June, the first time they have topped the $50-billion mark. "But the first indications for the month suggest that there could be some growth left to come in the second quarter, upgrading the odds of a likely Bank of Canada rate hike in the coming months".