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Markets

With the US on Friday hitting China with tariffs on $34 billion in imports, and China immediately striking back with equivalent levies, the Sino-American trade war is officially on. That comes on top of other tariffs imposed on China, Mexico and the European Union . Shaun Rein, managing director at the China Market Research Group in Shanghai, said the Chinese government's next play could be to stoke anti-American sentiments among consumers - similar to the boycotts it ordered past ...
  • Canada Imposes Retaliatory Tariffs on US Goods

    Canada Imposes Retaliatory Tariffs on US Goods

    Markets

    Canada has retaliated with $16.6 billion in counter-tariffs and the USA midterm elections are in the fall. Canada hit back at the USA with retaliatory tariffs on American summertime essentials including Florida orange juice, ketchup and Kentucky bourbon in its opening salvo in a trade war with President Donald Trump .
  • Trump supporters boycott Walmart for selling 'Impeach 45' clothing

    Trump supporters boycott Walmart for selling 'Impeach 45' clothing

    Markets

    Reports indicate " Impeach 45 " clothing is made by a number of manufacturers, some of which also produce items featuring with the "Make America Great Again" and " Donald Trump Speaks For Me" slogans. People took to Twitter Tuesday morning to voice their frustration over the situation, tweeting #BoycottWalmart . Walmart's Marketplace has given the company headaches over which items to permit.
  • Trump congratulates Mexico’s Lopez Obrador

    Trump congratulates Mexico’s Lopez Obrador

    Markets

    Lopez Obrador said that he has already met with businessmen after his crushing victory in Sunday's election and that he planned a Tuesday night meeting on inviting worldwide figures - including Pope Francis, rights activists and the United Nations - to help come up with a plan to solve Mexico's problem of soaring violent crime.
  • Dell confirms plan to return to public markets

    Dell confirms plan to return to public markets

    Markets

    DVMT shareholders will get $109 cash or 1.3665 shares of Dell Class C common stock on the NYSE. Earlier this year, Dell Technologies said it was undergoing a significant strategic review and might enter the public sphere again, while potentially buying the rest of business software provider VMware that it didn't already own.
  • Trump asks Saudi Arabia to increase oil production

    Trump asks Saudi Arabia to increase oil production

    Markets

    The president's citation of high prices and " turmoil and dysfunction" in Iran and Venezuela has raised eyebrows among critics who have pointed to his own actions as causes. Saudi Energy Minister Khalid al-Falih met with US Secretary of State Mike Pompeo in Washington on Thursday to discuss energy security. Saudi Arabia plans to pump up to 11 million bpd in July, and Russian Federation has said it could increase output by more than 200,000 bpd.
  • BMW, Hyundai join GM in pressing USA to forgo vehicle tariffs

    BMW, Hyundai join GM in pressing USA to forgo vehicle tariffs

    Markets

    Last month, Trump ordered an investigation into whether imported cars and automotive components could pose a national-security risk warranting tariffs of as much as 25 per cent. GM imports parts for cars that it makes in the United States. Add General Motors to the list of American companies that are expressing concern about the impact that trade tariffs could have on their long-term business prospects.
  • Is Donald Trump on a relentless quest to corner Iran?

    Markets

    The premium for USA crude for the front month compared with the second month CLc1-CLc2 widened to as much as $2.21 a barrel, the most since August 20, 2014. Hook's comments follow a turbulent week in the oil market that started last Tuesday when another State Department official called on buyers to stop importing Iranian crude by November 4.
  • Tesla Production Hits 7K Cars a Week

    Tesla Production Hits 7K Cars a Week

    Markets

    The company says it expects to produce 6,000 Model 3 vehicles a week by the end of July. "We believe in rapid evolution", Musk tells the Times in an interview-it took place at 3am Thursday, the only time the company said he'd be available.
  • Lance Stephenson joining LeBron on Lakers

    Lance Stephenson joining LeBron on Lakers

    Markets

    Stephenson and James both agreed to contracts with the Lakers on Sunday evening, with Lance's deal reportedly for 1 year and $4.5 million (the Pacers declined Lance's $4.3 million team option last week). On Sunday evening, the Lakers were 8/1 to secure their first NBA Finals victory since 2010. While his wife and children were out of town for an AAU tournament, James was at his OH mansion pondering his next career move and how to top the champion Golden State Warriors, Jenkins writes.
  • Energy, consumer goods companies lead United States stocks mostly lower

    Markets

    At the weekend Moog sent out an appeal to its mailing list appealing for action to try and reverse the U.S. administration's trade tariff on imports of electrical components. "Look what they do to our farmers". China has also responded by taxing imports from the US. "They treat us very unfairly". In a letter to United States authorities, the European Commission, which handles trade policy for the bloc's 28 members, painted a stark picture of what the United States economy would face if ...
  • Adidas data-security breach could involve

    Adidas data-security breach could involve "a few million customers"

    Markets

    While usernames, contact details and encrypted passwords have been stolen, Adidas says it has "no reason to believe any credit card or fitness information of consumers was impacted". But again, these data breach stories are becoming just another part of the news cycle. Moreover, hackers stole info on 5 million payment cards from Lord & Taylor and Saks Fifth Avenue, and an Under Armour security breach exposed 150 million MyFitnessPal accounts.
  • Database containing 340mn individual records exposed online by Exactis

    Database containing 340mn individual records exposed online by Exactis

    Markets

    A marketing and data aggregation firm that you likely never heard of apparently knows your email address, home address, phone number, habits, hobbies, and the ages and genders of your children. Troia came across the data dump while researching the security of Elasticsearch databases using the search tool Shodan . The database was simple enough to access, so easy, in fact, that Troia said he'd be surprised if someone else had not already gotten their hands on the data.
  • Saudi Arabia’s king pledges to raise crude oil output if needed

    Markets

    Later on Saturday, the official Saudi Press Agency (SPA) said King Salman had spoken to Trump on the need to maintain oil market stability and global economic growth, but gave no further details about an output rise. USA officials are pressing allies in Europe, Asia and the Middle East to adhere to the sanctions, which are aimed at pressuring Iran to negotiate a follow-up agreement to halt its nuclear programs.
  • China digs in on trade as tariffs near, economy deepens slowdown

    China digs in on trade as tariffs near, economy deepens slowdown

    Markets

    Underlining investor caution about trade, equity markets in Asia slipped across the board on Wednesday and stock markets in Europe opened weaker. Hong Kong's Hang Seng added 0.5 percent to 28,497.32 while the Shanghai Composite in mainland China extended its losses by 0.9 percent to 2,786.90.