https://s.newsweek.com/sites/www.newsweek.com/files/styles/embed-lg/public/2019/02/24/gettyimages-1131457590.jpg

Markets

During a meeting with Chinese Vice Premiere Liu He on Friday in the Oval Office, suggested it would take place sometime in March at his Mar-a-Lago resort in Florida. The United States is offering no real concessions in return, other than to remove the tariff barriers Trump has imposed to force change from China. Washington wants a strong enforcement mechanism to ensure that Chinese reform commitments are followed through to completion, while Beijing has insisted on what it called a "fair ...
  • I'll Be Damned, the $35,000 Tesla Model 3 Is Actually Here

    I'll Be Damned, the $35,000 Tesla Model 3 Is Actually Here

    Markets

    The other way the Model 3's price has been dropped so drastically is through a new, de-contented interior - e.g. manually adjusted seats instead of power ones , and no leather option - and a shortened driving range of 354 km, about on par with Nissan's Leaf and just below Chevrolet's Bolt.
  • Victoria's Secret to close more than 50 stores in US, Canada

    Victoria's Secret to close more than 50 stores in US, Canada

    Markets

    How we go about it is we look at current and projected performance, sales, profit, cash flow. Victoria's Secret is one of the most popular places in the world to buy underwear. Elsa Hosk walks the runway during the Fantasy Bra during 2018 Victoria's Secret Fashion Show at Pier 94 in NY. Total same-store sales, including direct and stores, increased 3%.
  • Fed Chairman Powell reiterates patience in monetary policy

    Fed Chairman Powell reiterates patience in monetary policy

    Markets

    The Federal Reserve Chairman said the central bank will be "patient" in determining when to boost its benchmark policy rate in light of the various "crosscurrents and conflicting signals". Improving risk appetite lifted the British pound following media reports Prime Minister Theresa May was considering delaying the March 29 deadline for the UK's exit from the European Union.
  • US Criticizes Guaido for Failed Coup in Venezuela

    US Criticizes Guaido for Failed Coup in Venezuela

    Markets

    Later in the day, the UN Security Council is set to vote on the dueling draft documents on the situation in Venezuela submitted by Russian Federation and the United States . Venezuela's Foreign Minister Jorge Arreaza is warning of the threat of war, while President Nicolas Maduro is urging troops to stay on high alert, saying the offer of global aid is a pretext for incursions.
  • Warren Buffet: Bitcoin Is a ‘Delusion’ But Blockchain Is ‘Ingenious’

    Warren Buffet: Bitcoin Is a ‘Delusion’ But Blockchain Is ‘Ingenious’

    Markets

    Berkshire's businesses have already seen some impact from the trade dispute with China, but so far some of the 10 per cent tariffs imposed on Chinese goods have been absorbed by businesses. Buffett said he was "wrong in a couple of ways" about Kraft Heinz , including "overpaying" for the acquisition of Kraft. Buffett offloaded most of that position at a loss in 2017.
  • Brexit: Richard Leonard would rather have ‘Labour deal than second referendum’

    Markets

    The Labour leadership said it would support the Cooper-Letwin amendment, after pressure from its own members to take a tougher stand on Brexit, even though leader Jeremy Corbyn is in favour of leaving. The government backed the amendment. "However, at the time of year we will be leaving the European Union, the United Kingdom is particularly reliant on the short Channel crossings for fresh fruit and vegetables".
  • Fiat Chrysler lays groundwork to build electrified Jeep models

    Fiat Chrysler lays groundwork to build electrified Jeep models

    Markets

    The company needs people to sell to the city in just 60 days. This new facility will represent the first new assembly plant in Detroit in 27 years. FCA also assembles its Ram 1500 trucks at the Warren plant. The three updated and renovated plants will create 6,350 new jobs making Jeeps. "If the tariffs on imported autos are imposed, it will help FCA's Jeep and Ram further increase sales and market share, benefitting the MI economy and creating even more good paying jobs".
  • GE selling BioPharma unit for $21.4 billion to reduce debt

    GE selling BioPharma unit for $21.4 billion to reduce debt

    Markets

    It's a coup for GE CEO Larry Culp (a Danaher veteran), as the asset sale is the biggest he's overseen since taking the helm back in October. Danaher (NYSE: DHR ) notes that this deal will have it spending $21.4 billion in cash to acquire GE Biopharma.
  • Tesla Bull Fed Up at Musk’s Tweets, Says Costing Investors Money

    Tesla Bull Fed Up at Musk’s Tweets, Says Costing Investors Money

    Markets

    Securities regulators have asked that Musk be held in contempt for violating the terms of a settlement agreement. Tesla has previously said the company would make around 400,000 deliveries this year. The SEC motion filed this week could throw the electric vehicle maker into chaos at a time when it is under pressure to repay hundreds of millions of dollars in loans due in coming months.
  • The next Porsche Macan will be purely electric

    The next Porsche Macan will be purely electric

    Markets

    Porsche is adding more electric vehicles to its luxury lineup, this time transforming its Macan SUV into a Tesla Model X-style vehicle. The all-electric Macan will feature the same 800-volt battery tech announced in the Taycan previous year and rely on Audi electrification architecture built out for their e-tron crossover EV (Audi and Porsche are both part of the Volkswagen Group), but more specific details about the Macan weren't released yet.
  • American companies worry US-Chinese ties will worsen

    American companies worry US-Chinese ties will worsen

    Markets

    President Donald Trump's decision to delay a steep tariff hike on Chinese goods as he touted progress in weekend trade talks was greeted with a mixture of relief and dread among United States industry groups and lawmakers yesterday. Negotiators of the two sides have achieved substantial progress on specific issues in the Feb. 21-24 talks in Washington, the seventh round since February a year ago, covering technology transfer, protection of intellectual property rights, non-tariff barriers, ...
  • Man Bought $540 in Girl Scout Cookies so Girls Could Escape Cold

    Man Bought $540 in Girl Scout Cookies so Girls Could Escape Cold

    Markets

    An Upstate woman who manages cookie sales for Troop 1574, shared a picture of the man, later identified as Detric McGowan, with two of Scouts on Friday, saying: "This man purchased seven packs of cookies". "We all were shocked", she said. "I'm taking them all so y'all can get out of this cold, '" Dillard said, noting the man dropped $540 on the addictive candies.
  • Relief Crew Reaches Amtrak Train Stuck In Oregon Snow

    Relief Crew Reaches Amtrak Train Stuck In Oregon Snow

    Markets

    Crews with Union Pacific , which owns the rail lines, have been helping clear a path to the stranded train , a Union Pacific spokesman told The Oregonian/OregonLive on Monday. An engine had arrived to tow their train back north, but it would likely be several more hours before they would be moving, she said. Bigby also said some people don't have good cell phone reception in the area where the train is stuck, and haven't been able to easily contact their families.
  • Oil price tumbles after Trump tells OPEC to ‘relax’

    Oil price tumbles after Trump tells OPEC to ‘relax’

    Markets

    OPEC cut production of almost 800,000 barrels a day in January, led by Saudi Arabia. Traders are saying that Trump's comments carry more weight at this time because US legislators are resurrecting a bill that would make OPEC subject to USA antitrust laws.