Money

by | July 21, 2018 | 11:14

There's little evidence the Fed's tightening is constricting the second-longest USA economic expansion on record: The unemployment rate under Trump has fallen to 4 per cent, from 4.8 per cent the month he was sworn in, and some economists predict gross domestic product last quarter expanded by more than 4 per cent - about double the pace in the first three months of the year.

by | July 18, 2018 | 10:42

Earlier this month, Musk criticized the media for "negative" coverage of Tesla , and in May said he would create a site where people could rate the trustworthiness of an article and track journalists' "credibility score". But then, midway through his rant, he inexplicably accuses Unsworth of sex crimes. "Sorry pedo guy , you really did ask for it", Musk concluded. In a second tweet, Musk said he bet the claim was true.

by | July 13, 2018 | 07:43

The Dow Jones Industrial Average fell 179.96 points, or 0.72 percent, to 24,739.7, the S&P 500 lost 18.12 points, or 0.65 percent, to 2,775.72 and the Nasdaq Composite dropped 47.90 points, or 0.62 percent, to 7,711.30. USA crude fell 2.32 percent to $72.39 per barrel and Brent was last at $76.34, down 3.2 percent on the day. Frankly, Putin may be easiest of them all.

by | July 10, 2018 | 08:14

He said Boring Co.'s pumps and Tesla battery packs could be useful for removing water from the 6-mile cave. They remained trapped inside the cave complex for almost two weeks before they made first contact with rescuers from the United Kingdom at around 10:30 p.m.

by | July 07, 2018 | 03:00

Faced with President Donald Trump's threat to target United States imports of cars from Europe, German and French government officials plan to meet next week in Paris to coordinate strategy. Ok?" That would bring the total of targeted Chinese goods to $550 billion - more than the $506 billion in goods that China shipped to the United States past year.

by | July 04, 2018 | 01:05

The retailer says it will offer "double the deals" on Amazon devices, including the lowest prices to date on Echo , Fire TV and Fire tablets . Just last week we wondered if we'd see another Echo Show deal before Prime Day, and the answer is unequivocally "yes".

by | July 03, 2018 | 01:16

The NBA's premier free agent is leaving the Cleveland Cavaliers for the second time in his career - this time to play for the Los Angeles Lakers . Fans of James who have purchased a jersey in the past 90 days can exchange it for free for a Los Angeles Lakers jersey , thanks to an insurance program.

by | July 03, 2018 | 00:51

He also added, how through the staff's joint efforts, the company was able to achieve a "combined 7000 vehicles a week", together with the production of Tesla's Model S auto and Model X SUV. Doug Field, Tesla's second most senior engineer at Tesla after CTO JB Straubel, has been on leave from the automaker since May, but we now learn that he will not be returning at Tesla.

by | July 01, 2018 | 12:54

President Donald Trump said Saturday that he has asked Saudi King Salman to increase oil production to help ease pressure on rising gasoline prices, which have threatened to stifle economics benefits for Americans from the Republican tax cut.

by | June 30, 2018 | 16:02

Darren Green, the president of the Hamilton Steelworkers Area Council in Hamilton, Ontario, was angry when President Trump placed tariffs on Canadian aluminum and steel, and backs Prime Minster Justin Trudeau's decision to go ahead with retaliatory tariffs.

by | June 30, 2018 | 15:52

The image has been shared more than 300,000 times and has left many online feeling nostalgic and heartbroken. According to recent reports, former Toys R Us CEO Jerry Storch has been meeting with potential investors to find a way to reboot the toy company .

by | June 26, 2018 | 15:32

Harley-Davidson Inc. sold nearly 40,000 motorcycles in the European Union a year ago, its second-largest market after the United States, according to the company. The EU's levies are only the latest blowback Harley has faced from Trump's trade policies. After early steep declines, markets pared losses after White House trade adviser Peter Navarro softened the country's stance on investment restrictions.

by | June 24, 2018 | 23:39

The U.S. Supreme Court has announced their decision on the S. Dakota v. Wayfair case, overturning the long-standing rule that states could not tax businesses or sellers outside of that state's borders. The court ruling mainly affects small vendors, including those who did business on big platforms like Amazon marketplace, eBay, and Etsy, says Joseph Bishop Henchman, executive vice president at the Tax Foundation, based in Washington, D.C.

by | June 24, 2018 | 23:38

For a better understanding of how the ruling could impact consumers and businesses in the Chicago area, reach out to local legal experts. So as online retail has grown, states have sought increasingly clever ways to force out-of-state sellers to collect sales tax where they know their own residents are unlikely to pay use tax .

by | June 22, 2018 | 18:46

Regional rival Iran however is fiercely opposed to unwinding the agreed production curbs, as its oil industry is bracing for fresh sanctions following US President Donald Trump's decision to quit the worldwide nuclear pact. Any production increase would help offset a decline in output by Venezuela, an OPEC member consumed by economic and political crisis, and the prospect of reduced exports from Iran - OPEC's third-biggest producer - now that the U.S.is in the process of re-imposing sanctions ...

by | June 22, 2018 | 17:45

When the USA tariffs on steel and aluminum went into effect on June 1, the European Union said they were "illegal", pledged to impose its own tariffs, and filed a case against the U.S.at the World Trade Organization. China says will hit back if the latest tariff threats from Trump materialize, while India slaps retaliatory levies on United States goods. Mexico placed tariffs on American products ranging from steel to pork to bourbon two weeks ago.

by | June 22, 2018 | 16:14

It is said, though, that US and Saudi Arabia have been discussing ending the OPEC/non-OPEC pact long before this week's meeting and Saudi is going to propose what is in fact a USA -induced decision in Vienna. "We will raise this issue there", the oil minister told reporters here at a CII conference. Oil's market report for the month of June by EIA and Opec showing a stable demand growth while Non-Opec supply growth increased a bit.

by | June 17, 2018 | 13:36

U.S. President Donald Trump renewed his attack on OPEC on Wednesday, and the International Energy Agency said the world may face a supply gap by late 2019 if OPEC can not cover any shortfalls. Oil ministry officials also said that with firm oil prices, a rising import bill, $450 billion of external debt, including oil-related debt, govternment's hands are tied and there is no scope for fuel price reduction.

by | June 17, 2018 | 11:44

The dollar advanced above ¥110.50 in Tokyo trading Friday, reflecting its surge against the euro following the European Central Bank's decision to keep policy interest rates low. U.S. President Donald Trump has made a decision to impose "pretty significant" tariffs and will announce a list targeting $50 billion of Chinese goods on Friday, and a second wave of products worth $100 billion has been cued up.

by | June 15, 2018 | 08:55

Chicago has selected billionaire entrepreneur Elon Musk's Boring Co to build a high-speed underground commuter system from the downtown Loop district to O'Hare International Airport, one of the world's busiest, the company and the mayor's office said.