Markets

President Trump Talks Trade and WOTUS at AFBF Convention

President Trump Talks Trade and WOTUS at AFBF Convention Trump signed a preliminary trade deal with China last week. Also last week, the Senate voted overwhelmingly in favor of the U.S. -Mexico-Canada Agreement, a successor to the 1994 North American Free Trade Agreement . "China respects us now", Trump said. The agreement has been approved by Mexico's legislature but has yet to pass through Canada's Parliament. "The most important thing is t... [Full Article...]

U.S. and China sign 'phase one' deal

U.S. and China sign 'phase one' deal Before it began, China was the leading buyer of American beans, importing about 30 percent of all the soy grown in the United States. In exchange, China has agreed to buy a lot more American products while making some changes in its own economy. [Full Article...]

Ford's China vehicle sales drop 26% in third straight year of decline

After a three-month transition period that ended on June 25 past year, local governments stopped subsidizing purchases of NEVs other than new energy buses and fuel cell vehicles, resulting in sharper declines of NEVs sales in the latter half of 2019. [Full Article...]

How major USA stock indexes fared on Friday

How major USA stock indexes fared on Friday Frank Cappelleri, executive director at Instinet, said this week's moves voided a "potential bearish pattern" in the S&P 500, noting his upside target of 3,530 remains in play. USA markets have enjoyed a strong rally after the Fed cut interest rates three times previous year. The yield on the 10-year Treasury slipped to 1.86% from 1.87%. [Full Article...]

Maajid Nawaz's incredibly powerful speech on US Iran tensions

Maajid Nawaz's incredibly powerful speech on US Iran tensions A photograph that purportedly shows one of the Iranian missiles that was launched at Iraqi bases early on 8 January. European foreign affairs ministers reiterated their support for the nuclear deal brokered with Iran and expressed concerns Friday that the escalating tensions in the region could lead to a resurgence of the Islamic State's activities. [Full Article...]

Govt hikes petrol price by Rs2.61

Govt hikes petrol price by Rs2.61 The price of light diesel is increased by Rs2.08. The government has given a gift to the people on New Year 's Eve by increasing the price of petroleum products. The Department of Mineral Resources and Energy has announced a drop in the petrol price, which will see a litre of 93 (ULP and LRP) come down by 4 cents. [Full Article...]

Stocks roar past Trump impeachment to new records

Stocks roar past Trump impeachment to new records The Dow Jones Industrial Average .dji rose 131.66 points, or 0.47%, to 28,370.94, the S&P 500 .spx gained 13.92 points, or 0.44%, to 3,205.06 and the Nasdaq Composite .ixic added 53.17 points, or 0.6%, to 8,880.91. "Nothing gets people back in like a rising market", Mr. Slimmon said. Wall Street's three main indexes hit fresh all-time highs at the opening bell on Friday as investors seem to ... [Full Article...]

Dow Jones & Yuan Wobble Despite China Confirming Trade Deal with US

Dow Jones & Yuan Wobble Despite China Confirming Trade Deal with US Agricultural purchases by the Chinese will increase, but officials did not specify by how much. The next step is for both sides to go through legal steps and set a time for signing the deal, according to a CNBC translation. The U.S. has agreed to suspend tariffs on $160 billion in Chinese goods due to go into effect on December 15, Trump said, and cut existing tariffs to 7.5%. [Full Article...]

RIP Holden Commodore: Iconic Aussie vehicle to be retired

RIP Holden Commodore: Iconic Aussie vehicle to be retired In a move that has shocked the automotive industry, both the ZB Commodore and BK Astra will be withdrawn from the market next year as Holden looks to narrow its portfolio exclusively to SUVs and light commercial vehicles. Local production ended in 2017 when Holden closed its vehicle assembly operations in Adelaide. At the peak of large auto sales in 1998, Australians bought more than 217,000 v... [Full Article...]

Employees of a Baltimore based company get bonus of a lifetime

Employees of a Baltimore based company get bonus of a lifetime The bonus announcement was easily the highlight of the company's December 7 holiday party. Many people believe they're working for the wrong job now. After the video was shared on social media, one person replied: "This is how you show your employees that you care about them reward them for there hard work and dedication!" Larry Maykrantz, the company's president, asked the crowd to an eruptio... [Full Article...]

Brexit, slowdown drag UK economic growth to seven-year low before polls

Brexit, slowdown drag UK economic growth to seven-year low before polls However, the latest figures suggested the construction sector was likely to drag on the economy - it grew by 0.4% in November but that followed two months of contraction. In the three months to October, growth was flat against the previous quarter. "Our main scenario is for 1% GDP growth in 2020 assuming an orderly Brexit". [Full Article...]

Strong U.S. job growth showcases economy's resilience

Strong U.S. job growth showcases economy's resilience The news wasn't much better nationally as the Canadian job market lost a surprise 71,200 net positions in November while the unemployment rate rose to 5.9 per cent, the highest in more than a year, data showed on Friday. That pares the total number of jobs added this year to around 285,100. "Hiring momentum continues to surpass the growth rate of the labor force", wrote Bloomberg economists ... [Full Article...]

Oil Price Edges Lower as OPEC+ Meeting Expected to Confirm Output Cuts

Oil Price Edges Lower as OPEC+ Meeting Expected to Confirm Output Cuts Oil jumped to the highest since September after Saudi Arabia surprised the market by promising significant additional supply cuts beyond what was agreed to with fellow OPEC+ members. Bush. Brent for February settlement gained 75 cents USA to US$64.14 a barrel on the London-based ICE Futures Europe Exchange. Even so, the cartel could not finalize the details of how to divide the adjustment be... [Full Article...]

Uber's safety report revealed over 3000 sexual assault cases a year ago

Uber's safety report revealed over 3000 sexual assault cases a year ago These numbers mean that almost 99.9% of Uber rides went without incidents. Uber noted that the vast majority - 99.9% - of its rides had no reported safety issues. The report said "drivers have a right to have their experiences told, and we have a responsibility to stand with them". We know most companies would not share publicly much of the information we have included here. [Full Article...]

Oil steadies after brief slide on Trump's US-China trade comments

Oil steadies after brief slide on Trump's US-China trade comments Worldwide benchmark Brent crude was trading at $61.28 per barrel at 0623 GMT on Wednesday for a 0.13% gain after it closed Tuesday at $61.20 a barrel. government said in a monthly report on Friday. Rystad Energy forecasts a supply growth of 2.6 mmbbl per day year-on-year in 2020, led by USA shale, Norway and Brazil against weak global demand growth of only 1.0 mmbbl per day year-on-year. [Full Article...]

Hong Kong protests: University standoff lingers for 5th day

Hong Kong protests: University standoff lingers for 5th day Beijing is pressing Washington to agree to broader tariffs rollbacks on Chinese goods. European markets finished lower with the FTSE 100 down 0.84% while Germany's DAX down 0.48% and France's CAC 40 slipped 0.25%. Trump said Tuesday he was prepared to raise tariffs on Chinese exports further if an agreement can not be reached. The United States has treated it as a separate entity from mai... [Full Article...]

Cambridge RONA among 34 stores to close across Canada

Cambridge RONA among 34 stores to close across Canada A Lowe's Home Improvement store is located on the other side of Pinebush Road from the RONA. To see the exact store locations and closure dates, go here. Another six stores are closing early next year in Alberta, one in Saskatchewan and nine in Ontario. Paulo Gallo, Store manager (left) and Jeff Boyd, V.P. [Full Article...]

Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y

Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y In typical Musk style, he confirmed the decision by Tweeting "Giga Berlin ", and he added that the new factory will build batteries, powertrains and vehicles , starting with the production of the Tesla Model Y . "Most of the set-up work was done by British guys". Tesla did not respond to requests to elaborate on how Brexit helped swing it for Berlin, but German government spokesman Steffe... [Full Article...]

Tesla announces plans to build Gigafactory 4 in Berlin

In an interview with Auto Bild's sister publication Auto Express after the announcement, Musk also said that "Brexit [uncertainty] made it too risky to put a Gigafactory in the United Kingdom". For its part, Germany hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. [Full Article...]

Global billionaires' wealth falls for the first time since 2015

Global billionaires' wealth falls for the first time since 2015 USB and PwC said that factors behind this included "a strong United States dollar, trade friction, fears of lower economic growth, and financial market volatility ". Twenty-seven of the billionaires were self-made, whose wealth accounted for 63 percent of the total owned by the 40 billionaires, the report said. The net worth of China's richest dropped 12.8%, which took dozens off of the billi... [Full Article...]


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