Money

Money Turkey hikes tariffs on imports of several United States products
Author: 0 Turkey hikes tariffs on imports of several United States products

On August 10, Trump intensified the spat with Turkey over the detention in Turkey of US evangelical pastor Andrew Brunson on terrorism charges by imposing higher tariffs on metal imports. Some analysts said that US tax cuts passed past year by Congress which are boosting corporate earnings and economic growth have reinforced the reasons for raising interest rates.

Money Dollar vaults to year-high as Turkey crisis troubles euro
Author: 0 Dollar vaults to year-high as Turkey crisis troubles euro

White House economic adviser Kevin Hassett said Treasury Secretary Steve Mnuchin was monitoring the financial situation in Turkey "very closely". Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation.

Money Bitcoin Sinks Below $6000 as Cryptos Tumble
Author: 0 Bitcoin Sinks Below $6000 as Cryptos Tumble

The year of 2018 has so far brought not a great deal of good fortune for cryptocurrency investors, as the market has pulled back nearly 70% from all-time highs reached at the end of 2017. They believe that with Bitcoin controlling more than half of the cryptocurrency market, it is perfectly placed to embark on a bullish run very soon.

Money Turkish lira rebounds after Qatar pledges $15 billion
Author: 0 Turkish lira rebounds after Qatar pledges $15 billion

The bail-out followed talks in Ankara between the emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, and Turkey's President Recep Tayyip Erdogan. In recent days, Qatari supporters of Turkey have begun a public campaign in Doha to change their riyals into lira in an attempt to shore up the plunging Turkish currency.

Money Senior Chinese delegates to visit United States for trade war talks
Author: 0 Senior Chinese delegates to visit United States for trade war talks

USA officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform. China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods since the start of the year and have threatened further tariffs on exports worth hundreds of billions of dollars.

Money United Kingdom unemployment at 43-year low
Author: 0 United Kingdom unemployment at 43-year low

The number of people in employment is high while vacancies have hit a new record. Meanwhile, there were 2.28million European Union citizens working in the United Kingdom in the quarter to June - 86,000 fewer than a year earlier and the largest annual decrease since records began in 1997.

Money Corona brewer Constellation Brands extends pot bet with $3.8 billion investment
Author: 0 Corona brewer Constellation Brands extends pot bet with $3.8 billion investment

Molson Coors said this month its Canadian arm would make cannabis-infused drinks with Hydropothecary Corp ( HEXO.TO ). Canopy Growth said in a press release that the proceeds will allow it to "strategically build and/or acquire key assets needed to establish global scale in the almost 30 countries pursuing a federally permissible medical cannabis program, while also rapidly laying the global foundation needed for new recreational cannabis markets".

Money With Iran, Turkey we defeated terrorists in Syria: Lavrov
Author: 0 With Iran, Turkey we defeated terrorists in Syria: Lavrov

Syrian government forces dropped leaflets over the region last week, urging the opposition fighters to surrender. Ever-increasing USA sanctions against Russian Federation could make this more convenient, as access to U.S. Murat Yetkin, commentator of Hurriyet Daily News, said that world leaders including Russia's Putin, Germany's Merkel expressed that U.S. President Donald Trump was displaying his power.

Money Turkey invites United States to panel in WTO
Author: 0 Turkey invites United States to panel in WTO

Bolton told Bilic that the administration was fixed on Brunson's release, Reuters reported . A court meanwhile rejected an appeal for the release of American pastor Andrew Brunson - whose detention for nearly two years sparked the crisis - leaving no immediate solution to the Turkey-US row in sight.

Money Erdogan says Turkey to 'boycott' United States electronic goods
Author: 0 Erdogan says Turkey to 'boycott' United States electronic goods

The lira has fallen more than 40 per cent against the USA dollar this year, while Ankara's relationship with Washington has soured. Other markets have been slower to rebound from Monday's declines. Speaking at a Symposium in Ankara, Erdogan said Turkish businesses must continue to produce and export the country's own goods. On Tuesday, he said the government is working on steps to help banks and support companies affected by the currency crisis.

Money Death toll in Genoa bridge collapse rises to 35
Author: 0 Death toll in Genoa bridge collapse rises to 35

At least 39 people were killed, prompting the prime minister to declare a state of emergency as the search for victims continues. Genoa, home to half a million people, is located between the sea and the mountains of northwestern Italy . From 2012 to 2017, "the company's investments in safety, maintenance and upgrading of the network have exceeded 1 billion euros a year", Autostrade said in a statement emailed to NPR.

Author: 0 White House says Turkish sanctions 'regrettable'

Turkey's move to increase tariffs on U.S. imports has helped boost its weakened currency. In response to Trump's tariffs, Turkish officials said they will impose a 50 percent tax on USA rice, 140 percent on spirits, 60 percent on tobacco and 120 percent on cars while increasing duties on a variety of other goods.

Money Big drop in inflation
Author: 0 Big drop in inflation

It expects inflation will be just above its 2 percent target in two years' time as it slowly raises borrowing costs. Overall, consumer price inflation rose at an annual rate of 2.5 percent in July after holding at 2.4 percent in the previous three months, the Office for National Statistics said, in line with economists' forecasts in a Reuters poll.

Money Turkey court rejects new appeal to release detained USA pastor
Author: 0 Turkey court rejects new appeal to release detained USA pastor

Hovenier has called for the cases against Brunson and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". President Trump and Vice President Mike Pence have repeatedly urged Turkey to release Brunson, with the USA levying sanctions against two Turkish ministers over his detainment.

Money Melania Trump is using fashion to 'punish' Donald Trump, according to Omarosa
Author: 0 Melania Trump is using fashion to 'punish' Donald Trump, according to Omarosa

Omarosa Manigault Newman , formerly the director of communications for the Office of Public Liaison, walks past President Donald Trump during a March, 2017 meeting. You could start counting off former White House staffers and you'd run out of fingers. It paints a damning picture of Trump, claiming without evidence that tapes exist of him using the N-word as he filmed " The Apprentice " reality series, on which she co-starred.

Money Turkey doubles tariffs on some US imports; lira rallies
Author: 0 Turkey doubles tariffs on some US imports; lira rallies

Kalin further iterated on Wednesday that Turkey will continue talks with the United States if it shows a constructive stance to resolve a diplomatic rift. citizen, pastor Andrew Brunson, who faces charges of terrorism. "The administration is going to stay extremely firm on this", the official said. "If [the US] has the iPhone, there's Samsung on the other side", Mr Erdogan said, referring to Apple and its South Korean competitor.

Author: 0 Court rejects appeal for American pastor's release from detention, Turkish media says

Turkey has retaliated by announcing Wednesday that it will increase tariffs on certain USA products, including on cars, rice, alcohol, coal and cosmetics. Andrew Brunson is being held on terrorism charges which he denies. Turkey has suffered the most from the feud, which has helped push its currency, the lira, to record lows against the dollar.

Money Turkish turmoil to send economic storm clouds over USA soon
Author: 0 Turkish turmoil to send economic storm clouds over USA soon

Erdogan also said Turkey was boycotting U.S. electronic products. He said: "If they have the iPhone, there is Samsung elsewhere". Erdogan said Turkey was facing an "economic attack" and a "bigger, deeper operation". Turkey refused to release an American pastor who has been in detention in Turkey for almost two years now. Erdogan also has called on people to exchange their US dollars for Turkish lira to help strengthen the exchange value of the country's currency .

Money Diverse candidates rule the night and other takeaways from Tuesday's primaries
Author: 0 Diverse candidates rule the night and other takeaways from Tuesday's primaries

Christine Hallquist made history as the first transgender candidate for a state's governorship after winning the Democratic primary in Vermont on Tuesday. Victory Fund, which supports gay and transgender candidates, said in a statement. She became the first openly transgender candidate for governor to be backed by a major party in the United States.

Money Oil prices dip as demand outlook dims; Iran sanctions provide some support
Author: 0 Oil prices dip as demand outlook dims; Iran sanctions provide some support

Fears that the escalating tensions could lead to a slowdown in global economic growth and a corresponding hit to demand for oil have weighed on crude prices in recent weeks. and China to have much impact on the world's oil demand, unless the rifts reach beyond the world's largest two economies. USA energy companies last week added the most oil rigs since May, adding 10 rigs to bring the total count to 869, according to the Baker Hughes energy services firm.

Money Indian Rupee hits fresh record low of 69.61 per United States dollars
Author: 0 Indian Rupee hits fresh record low of 69.61 per United States dollars

A customer hands rupee notes to an attendant at a fuel station in Mumbai , August 13, 2018. The Indian rupee has slipped to 70 per dollar for the first time ever, after opening marginally higher at 69.85 per dollar today. Economic Affairs Secretary Subhash Chander Garg said external factors may ease going forward. The next crucial level for the rupee is 69.80 to the dollar, he added.

Money Musk in talks with Saudi fund, others on Tesla buyout
Author: 0 Musk in talks with Saudi fund, others on Tesla buyout

By her telling, Banks was there to collaborate on a song with Musk's girlfriend, the pop star Grimes , but things didn't quite go as planned. Elon Musk said via Twitter on Monday evening that he was working on a proposal with Goldman Sachs and Silver Lake as financial advisers to take Tesla private.

Money USA stocks slide, U.S. dollar strengthens, over Turkey worries
Author: 0 USA stocks slide, U.S. dollar strengthens, over Turkey worries

Erdogan repeated his call for Turks to sell dollars and buy lira to shore up the currency , while telling business owners not to stock up on dollars. The lira was around 6.55 per dollar Tuesday, up 6 percent from the previous day, when the central bank freed up cash for banks . The lira has already lost 40 percent of its value in the past month.

Money More than 100 large wildfires in United States as six new blazes erupt
Author: 0 More than 100 large wildfires in United States as six new blazes erupt

Once depleted, the aircraft can return to base and resupplied with another 3,000-gallon payload and dispatched for another run in just twelve minutes. Clark was arrested and charged with with aggravated arson, arson of inhabited property, arson of forest, criminal threats, two counts of resisting and deterring an executive officer, and arson burning multiple structures.

Money Asia shares dip as Turkey's lira tanks
Author: 0 Asia shares dip as Turkey's lira tanks

Presidential adviser and spokesman Ibrahim Kalin wrote on Twitter: "Our ministry of treasury and finance, Central Bank, Capital Markets Board, Banking Regulation and Supervision Agency and other institutions take necessary steps for financial stability".

Money Tesla and Elon Musk hit by fresh lawsuits over stock rigging claims
Author: 0 Tesla and Elon Musk hit by fresh lawsuits over stock rigging claims

The complaints allege Musk looked to mislead investors by claiming on Twitter that he secured funding to take Tesla private. The complaint filed by Kalman Isaacs said Musk's alleged false and misleading tweets on August 7 about a possible going-private transaction, and Tesla's failure to correct them, were a "nuclear attack" on short-sellers that inflated Tesla's stock price and violated federal securities laws.

Money Turkey's lira crisis: 'economic war' sees Erdoğan look east for new allies
Author: 0 Turkey's lira crisis: 'economic war' sees Erdoğan look east for new allies

Analysts and eurozone financial regulators are concerned about the potential for the weakening lira to cause problems for banks in Turkey , as well as for major lenders in Spain and France. "Concerns are also growing about European financial institutions due to their exposure to Turkey ". As interest rates rise in the US, investors pull their money out of countries that had enjoyed strong economic growth but are perceived as somewhat riskier.

Money Musk says Saudi fund supports Tesla buyout, talks continue
Author: 0 Musk says Saudi fund supports Tesla buyout, talks continue

The fund did not immediately respond to a request for comment. The amount of funding needed would depend on how many current investors want to remain part of the $60.9 billion company if it goes private. In one of the lawsuits, the plaintiff Kalman Isaacs said Musk's tweets were false and misleading, and together with Tesla's failure to correct them amounted to a "nuclear attack" created to "completely decimate" short-sellers.

Money How major United States stock indexes fared Thursday Consumer News
Author: 0 How major United States stock indexes fared Thursday Consumer News

Investors are more comfortable with FAANG stocks and technology as far as valuations go, and these stocks have higher margins", Tom White, chief market strategist at TradeWise Advisors, in Chicago, Illinois, told Reuters. Data on Friday showed USA consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures.

Money July exports accelerate despite Trump's tariff hike
Author: 0 July exports accelerate despite Trump's tariff hike

Last week, China proposed additional tariffs on another US$60 billion of U.S. goods after Trump raised planned tariffs on US$200 billion worth of Chinese imports to 25 percent from 10 percent. This move of India is going to trouble China. "Trump told the executives that Chinese President Xi Jinping's "One Belt One Road Initiative, ' China's economic plan that has the potential to disrupt trade worldwide, was 'insulting" and that he didn't want it, according to a person in the room".

Money Market Plummets But Hope Isn’t Lost Yet for Bitcoin
Author: 0 Market Plummets But Hope Isn’t Lost Yet for Bitcoin

With Canaccord, the largest investment firm in Canada, another major investment firm on similar lines said that it is highly unlikely to admit a Bitcoin ETF in 2018. The application received positive feedback, and the SEC later announced it was looking into newer, less stringent legislation that would make it easier to apply for open-ended ETFs.

Money Turkey's partnership with USA in jeopardy, Erdogan warns
Author: 0 Turkey's partnership with USA in jeopardy, Erdogan warns

This is double the level the president imposed on a range of countries earlier this year, including European Union member states. Turkey is the sixth-largest steel exporter to the United States. Spoiler alert: It is not going well. Marcus Chenevix, Middle East analyst at TS Lombard said that Turkey's economy is fragile. "This will be the response to those who have declared an economic war ".

Money Hundreds to be affected by Ryanair strikes at Stansted Airport
Author: 0 Hundreds to be affected by Ryanair strikes at Stansted Airport

They would have the option of a refund, rebooking on the next flight or rerouting. A statement from CEO Michael O'Leary said: "Ryanair fully complies with all EU261 legislation, however as these flight cancellations were caused by extraordinary circumstances, no compensation is due".

Money 'Suicidal' mechanic steals plane from Seattle airport
Author: 0 'Suicidal' mechanic steals plane from Seattle airport

Pierce County Sheriff's spokesman Ed Troyer told the Bellingham Herald that information was preliminary regarding the developing incident. "A joyride gone terribly wrong", Pierce County Sheriff Paul Pastor said during a news conference in Steilacoom, which is about 3 miles from the island.

Author: 0 Turkey shaken by financial fears, Trump rattles it further

The President said he had authorised higher tariffs on imports from Turkey , imposing duties of 20 percent on aluminium and 50 percent on steel . For China, stabilizing a fellow emerging economy's currency has value, but Beijing could also benefit from becoming an economic friend to a North Atlantic Treaty Organisation state whose relationship with the West is increasingly strained .

Money Moscow to treat new USA sanctions as act of economic war
Author: 0 Moscow to treat new USA sanctions as act of economic war

At a press conference, Russian Foreign Ministry spokesperson Maria Zakharova says: "Talks (with Russia ) from the positions of force and with an ultimative language are useless and have no prospects". Such technologies have often been used in items including electronic devices as well as calibration equipment. Other exemptions could be granted on a case-by-case basis.

Money NYC reins in Uber with cap on ride-hail vehicles
Author: 0 NYC reins in Uber with cap on ride-hail vehicles

De Blasio called the growth of ride-hailing a "crisis" and said the services are clogging streets and "driving New Yorkers into poverty". The first such cap by any major US city was part of a package of measures that also includes setting a minimum wage for drivers.

Money As US slaps on fresh tariffs, China fires back
Author: 0 As US slaps on fresh tariffs, China fires back

According to data by China's General Administration of Customs compiled by Reuters , Chinese crude oil imports increased to 8.48 million bpd in July from 8.36 million bpd in June and from 8.18 million bpd in July past year. tariffs. After a strong start to the year, growth in the world's second-largest economy cooled slightly in the second quarter, partly hit by the government's years-long efforts to tackle debt risks.

Author: 0 China's July exports rise more than expected despite US tariffs

Beijing is expected to hit $16 billion worth of United States goods with equal tariffs in response to Tuesday's move. But it was 11 percent higher than in the same month previous year. administration's gamble to strong-arm China into giving into all U.S. demands without some compromise only leads to successive rounds of higher and higher tariffs".

Money Doubts grow over Elon Musk’s master plan to take Tesla private
Author: 0 Doubts grow over Elon Musk’s master plan to take Tesla private

The board said only that Musk had "addressed the funding for this to occur". The issue of share accumulation by outsiders emerged only recently as reports that Saudi Arabia's public investment fund had built up a stake from 3 to 5 percent after its offers of purchase of new shares in Tesla were spurned by the company.

Money Oil rises as U.S. renew sanctions against Iran
Author: 0 Oil rises as U.S. renew sanctions against Iran

Additionally, last week, energy information provider Genscape issued a report that suggested crude oil stockpiles at the USA storage hub at Cushing, Oklahoma fell in the latest week. Oil is being supported this week after Saudi crude production unexpectedly fell in July and USA drilling appeared to slow. In terms of production, the EIA on Tuesday slightly cut its 2018 expectation for average 2018 US crude output to 10.69 million bpd, down from its previous estimate of 10.79 million bpd.

Money Snap continues to pay for Snapchat's unpopular redesign
Author: 0 Snap continues to pay for Snapchat's unpopular redesign

Snapchat users spend 30 minutes per day on average using the app, and generated over 3 billion snaps per day. But it posted otherwise unusually strong numbers - as well as a $250 million investment from a Saudi prince - that sent its stock soaring as much as 13%, before it came crashing down and bouncing all over the place again following renewed concerns around daily user numbers going forward.

Money Chinese state media slams Trump for 'extortion'
Author: 0 Chinese state media slams Trump for 'extortion'

The United States slapped duties on $ 34 billion worth of Chinese goods, provoking a similar response from China. "Don't underestimate President Trump's determination to follow through". Everything from oak wood to veneered panels of laminated wood has been ensnared in China's escalation of the trade battle with the US Half of US hardwood production is exported, and the bulk goes to China, Michael Snow, executive director of the Sterling, Virginia-based American Hardwood Export ...

Money Saturday marks first-ever Barack Obama Day in IL
Author: 0 Saturday marks first-ever Barack Obama Day in IL

Another tweeted: "Happy #ObamaDay folks!" Stealing the show, Barack Obama was not the only celebrity turning a year older. The bill was signed into law on August 6, 2017, making this year the first time it's actually celebrated. "It's incredibly proud for IL that the president came from IL. I think it's awesome, and I think we should celebrate it", he said . Of course, Obama's best friend and former vice president Joe Biden also sent out a birthday message.

Money Tesla call options soar on Musk tweet, short-sellers hit
Author: 0 Tesla call options soar on Musk tweet, short-sellers hit

Musk is Tesla's largest shareholder, with an approximately 20 percent stake valued at about $12 billion, according to S&P Capital IQ. Musk "has been running Tesla like a private company with publicly traded stock anyway so this deal makes some sense", Gartner analyst Mike Ramsey said.

Money Tesla share spike deals short-sellers a $1.1-billion loss
Author: 0 Tesla share spike deals short-sellers a $1.1-billion loss

Look at its top three institutional owners. The stock traded with the average Volume of 8.51 Million at the end of last session. Baillie Gifford & Co. The Arrow Financial Corp holds 3,312 shares with $882,000 value, down from 9,330 last quarter. Several research analysts have issued reports on the stock.

Author: 0 Elon Musk considers taking Tesla private in tweet, shares rise

On Twitter Tuesday, Musk said he has secured funding from a private buyer. Tesla didn't immediately respond to a request for comment. Shares in Tesla were up sharply following the tweet, trading at $363 at the time of writing. It would be one of the biggest go-private deals on record with a price tag of about $72 billion, based on $420 per share. It's never a boring day when Elon Musk takes to Twitter.

Money [BREAKING] Dead baby found aboard plane at LaGuardia airport
Author: 0 [BREAKING] Dead baby found aboard plane at LaGuardia airport

One of the attendants noticed a large amount of toilet paper in one of the plane's lavatory toilets. Sources said American Airlines flight 1942 arrived to Terminal B from Charlotte, N.C. LGA Airport officials tweeted that travelers may experience a delay due to an "out of service aircraft". "We are looking into that", said Silvia Estevez, a spokesperson for Queens, New York , District Attorney Richard A.