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Finance

The Washington Post's Robert Costa tweeted Tuesday morning: "McConnell is considering taking up the green new deal for a vote in the Senate as a way to rattle Sen Dems, per a McConnell aide here at the [Capitol]". "The green dream, or whatever they call it, nobody knows what it is, but they're for it, right?" she said . "So let me ask you then", Cheney asked, "are there any other witnesses on the panel who do support the Green New Deal?" When the resolution came out on Thursday, ...
  • United States crude oil inventories increase last week

    United States crude oil inventories increase last week

    Finance

    Oil rose on Thursday, shaking off persistent concern about the outlook for demand after the United States government said it could impose sanctions on OPEC member Venezuela's crude exports. "The stock market probably responds mildly", Fitzmartyn said. The Trump administration has drafted a slate of potential restrictions on Venezuelan crude exports but hasn't decided whether to deploy them, according to people familiar with the matter.
  • Political slugfest erupts over ‘leaked’ job data

    Political slugfest erupts over ‘leaked’ job data

    Finance

    In the wake of the release of unemployment figures by the National Sample Survey Office (NSSO), NITI Aayog Vice Chairman Rajiv Kumar said the data was not released by the government as it is still being processed. It was meant to increase the share of domestic manufacturing from 17 percent of gross domestic product to about 25 percent and create jobs for an estimated 1.2 million youth entering the market.
  • USA sends 70 questions to WTO about China's subsidies

    USA sends 70 questions to WTO about China's subsidies

    Finance

    USA and Chinese negotiators on Wednesday opened two days of high-level talks aimed at settling a trade war that has weakened both economies , shaken financial markets and clouded the outlook for global trade. The last round of US-China talks led by Deputy USTR Jeffrey Gerrish in Beijing earlier this month, ended with no progress on IP practices and technology transfer issues, which are the US's main concerns in the trade war that has roiled financial markets for months.
  • U.S. officially files criminal charges against Huawei executive

    U.S. officially files criminal charges against Huawei executive

    Finance

    Whitaker said some of the behavior documented in the criminal counts goes back to 2007 at Huawei , some of it also going to the very top ranks of its leadership. On Tuesday, US intelligence officials are expected to cite 5G investments by Chinese telecom companies, including Huawei , as a worldwide threat. "As charged in the indictment, Huawei and its Chief Financial Officer broke USA law and have engaged in a fraudulent financial scheme that is detrimental to the security of the United ...
  • CBO: Shutdown Cost U.S. Economy $3 Billion

    CBO: Shutdown Cost U.S. Economy $3 Billion

    Finance

    According to the CBO's report , the GDP was down by a total of $11 billion due to the shutdown but was expected to recover $8 billion later in the year - meaning $ 3 billion would never be recovered. Funding for the government is due to run out by mid-February and Trump told The Wall Street Journal on Sunday that the odds were below 50 per cent that lawmakers would reach a deal on border security he would find acceptable.
  • Venezuela's Maduro rejects European Union demand for new elections

    Venezuela's Maduro rejects European Union demand for new elections

    Finance

    However, Mexico - once a vocal member of the Lima Group regional bloc created to pressure Maduro to enact democratic reforms - struck a discordant note under new leftist President Andres Manuel Lopez Obrador, saying it would not take sides and branding support for Guaido a violation of sovereignty.
  • Huawei to launch 5G foldable handset at MWC

    Huawei to launch 5G foldable handset at MWC

    Finance

    At an event in Beijing on Thursday, the Chinese giant said it is the world's first chipset to support both standalone and non-standalone 5G, and can also support. Canadian envoy to China John McCallum also stated that the Huawei CFO had "quite good arguments on her side", namely the "political involvement by comments from Donald Trump in her case".
  • International Monetary Fund warns trade tensions could hit growth

    International Monetary Fund warns trade tensions could hit growth

    Finance

    The update came as China reported growth of 6.6 per cent for 2018, its worst performance for 28 years. The central bank forecast growth of 1.7 per cent this year, down from its October prediction of 2.1 per cent. Sterling was a shade firmer at US$1.29 after data showed British workers' pay growth hit a new 10-year high and employment had grown by much more than expected in the three months to the end of November.
  • China Posts Slowest GDP Growth In 29 Years

    China Posts Slowest GDP Growth In 29 Years

    Finance

    Births in China dropped to the lowest level in nearly 60 years in 2018, signalling the country's looser two-child policy has done little to reverse its slowing birth rate, and worsening the outlook for growth in the world's second-largest economy.
  • India to be global growth leader in 2019-20

    Finance

    The outlook for the United Kingdom was left unchanged at 1.5 per cent this year and 1.6 per cent in 2020, which means that Britain is expected to grow faster than Germany and Italy and just as fast as France . Under President Donald Trump the United States has imposed import taxes on steel, aluminum and hundreds of Chinese products, drawing retaliation from China and other US trading partners.
  • Bearish and bullish drivers of oil prices in 2019

    Bearish and bullish drivers of oil prices in 2019

    Finance

    As of writing this article , Spot Crude oil WTIUSD is trading at $52.74 per barrel up by 1.07% on the day. The U.S.is on its way to producing more crude than either Russian Federation or Saudi Arabia , who until recently vied for the top spot.
  • China offers to even out trade imbalance

    China offers to even out trade imbalance

    Finance

    In Europe, the trade-sensitive auto sector was the best performer Friday, rising 1.3% for the day and adding to gains of 7.6% this month. "Investors are still hopeful that the trade dispute can be resolved", said McKinnon. Global stock markets rose but then fell back after the meeting produced no agreements. Japan's Nikkei gained 1.2 percent to ¥20,661.00, marking a one-month high.
  • New Mexico's congressional delegation responds to Trump compromise

    New Mexico's congressional delegation responds to Trump compromise

    Finance

    Trump has signed legislation to give back pay to federal workers once the government is reopened. "But the president's plan is a path toward addressing both issues quickly". Trump called his proposal a "common sense compromise both parties should embrace", touting that there is "lots of compromise" in it. The president said these concessions would "build the trust and goodwill necessary to begin real immigration reform".
  • Donald Trump's 'hamberders' typo savagely roasted by Burger King

    Donald Trump's 'hamberders' typo savagely roasted by Burger King

    Finance

    Clemson offensive lineman Matt Bockhorst tweeted "I mean you're not just gonna NOT eat the Big Macs stacked in a pile right?" The president also ordered plenty of Wendy's and Domino's pizza for the Tigers. The Clemson team's visit is its second since Trump took office. Clemson coach Dabo Swinney has nominated this season's undefeated Tigers as the best college team ever.
  • Cadillac Takes Aim at Tesla With SUV Priced Below Model X

    Cadillac Takes Aim at Tesla With SUV Priced Below Model X

    Finance

    The new electric Caddy SUV will be GMs first electric vehicle to use GM's new third-generation electric-car architecture, with a versatile "skateboard" chassis and a battery-pack design that can accommodate different capacities in the same format.
  • Canadian facing execution in China will appeal his death sentence, lawyer confirms

    Canadian facing execution in China will appeal his death sentence, lawyer confirms

    Finance

    Asked about Australia's support of Canada's position, Hua said she found it "rather odd" because Schellenberg was convicted of helping people who were planning to move methamphetamine from China to Australia. Chinese state media has played up coverage of Schellenberg's case following the deterioration in relations with Canada. "We have very clearly outlined the case's facts and its seriousness", she told reporters.
  • Appalled Baker Says Shutdown Shouldn't Be Hard To Solve

    Appalled Baker Says Shutdown Shouldn't Be Hard To Solve

    Finance

    This is about showing them how a proper celebration looks in adulthood. The South Carolina team, which defeated the University of Alabama's Crimson Tide team by a score of 44 to 16 on January 7, was offered a candelabra-lit spread of hamburgers, fries and pizzas at the presidential residence.
  • Tampa Airport sets up food bank for unpaid TSA employees

    Tampa Airport sets up food bank for unpaid TSA employees

    Finance

    The agency is working with airports and airlines to consolidate operations and get the most out of resources, Gregory added. As the shutdown drags on, President Donald Trump and congressional Democrats have not made progress toward any kind of agreement that would put an end to it.
  • Apple to release three new iPhones this year, one with triple camera

    Apple to release three new iPhones this year, one with triple camera

    Finance

    The XR has struggled to take off since it was launched in October a year ago. The Tame Apple Press thinks that Apple is testing the Chinese market to see if price cuts make the slightest bit of difference. The high-end 2019 iPhone will reportedly feature three rear-facing cameras, we're told, while the other phones will have two rear shooters. In the case of the iPhone XS and XS Max sequel, this will mean jumping from two to three lenses.
  • JLR to

    JLR to "cut 5000 United Kingdom jobs"

    Finance

    It's also been announced that more jobs are likely to be lost at Ford. A spokesman for the union Unite said: "Unite is not aware of any further job losses to those already announced and planned for early in the new year at Jaguar Land Rover , Unite also expects ongoing transparency regarding the hard current climate the automotive sector is operating in the United Kingdom and its impact with the company".
  • Elon Musk Says Tesla is Breaking Ground on Shanghai Gigafactory

    Elon Musk Says Tesla is Breaking Ground on Shanghai Gigafactory

    Finance

    The company plans to build a new factory in China to produce Tesla Model 3 electric vehicles. Tesla Inc . (NASDAQ: TSLA ) has officially broken ground on a new $5-billion USA factory in China, the world's largest automotive market. Wu Qing, a vice mayor of Shanghai , said the Tesla factory, the largest foreign direct investment project on record in Shanghai , was progressing on a rapid pace with the local government's support as Shanghai looked to enhance its manufacturing might.