Finance

Kona, Genesis G70 win top auto awards in US

Kona, Genesis G70 win top auto awards in US The Hyundai Genesis G70, Hyundai Kona and the Ram pickup have received North American vehicle, sport utility and truck of the year awards. The Hyundai Genesis G70 and Hyundai Kona took the auto and utility awards, respectively, surprising officials with the South Korean automaker. [Full Article...]

What Americans Should Know About Tuesday’s Failed Brexit Vote

What Americans Should Know About Tuesday’s Failed Brexit Vote First, we now know for certain what had been assumed to be the case for some time: A majority of United Kingdom lawmakers, on all sides of the Brexit divide, so disliked the deal May had cooked up with the European Union that they were willing to kill it. [Full Article...]

White House re-evaluates economic effect of government shutdown

White House re-evaluates economic effect of government shutdown And there is every indication it will drag on. The last time Trump huddled with congressional leaders at the White House , the president walked out of the meeting after Pelosi said she did not support his proposed border wall. "The Democrats are stopping us, and they're stopping a lot of great people from getting paid", Trump added, referring to the roughly 800,000 federal workers who misse... [Full Article...]

Ocasio-Cortez Takes a Swipe at Trump’s Claims of Personal Wealth

Ocasio-Cortez Takes a Swipe at Trump’s Claims of Personal Wealth See Ocasio-Cortez's full response below. "When you look at how he reacted to the Charlottesville incident, where neo-Nazis murdered a woman, versus how he manufactures crises like immigrants seeking legal refuge on our borders, it's - it's night and day". [Full Article...]

Trump to speak at New Orleans farmer convention

Trump to speak at New Orleans farmer convention Part of Trump's wall pitch involved erroneously blaming immigrants for trafficking drugs over the Southern border. Yamiche Alcindor reports on the shutdown's latest impacts. He criticized Democrats for refusing to fund the wall. The president said he would continue fighting for fairer trade deals with China and the European Union, and urged them to be patient. [Full Article...]

Brexit: MPs vote down Theresa May's deal

Brexit: MPs vote down Theresa May's deal So the question is what is his position? Around 118 conservative MPs voted against their own leaders proposals for the terms on which Britain leaves the European Union on March 29. EU Council President Donald Tusk appeared to suggest the United Kingdom abandons Brexit, tweeting after last night's result: "If a deal is impossible, and no one wants no deal, then who will finally have the courage... [Full Article...]

China's export fall in December amid ongoing US-China trade war

China's export fall in December amid ongoing US-China trade war Exports rose 7.1 percent year on year to 16.42 trillion yuan last year, while imports grew 12.9 percent to 14.09 trillion yuan, resulting in a trade surplus of 2.33 trillion yuan, which narrowed by 18.3 percent. China's annual passenger vehicle sales fell last year for the first time in more than 20 years, as the trade war with the U.S. rocked consumer confidence and Beijing reined in auto financi... [Full Article...]

Miami airport to reopen terminal amid government shutdown

Miami airport to reopen terminal amid government shutdown Dulles International Airport is also suffering from shortages due to the shutdown and, when combined with the snowstorm hitting the Washington, D.C., area, it is being forced to make adjustments. While they will be paid once the shutdown ends, many say they will struggle to pay bills in the meantime. There are 51,000 airport security agents nationwide. [Full Article...]

GM shows off images of Tesla rivalling all-electric SUV from Cadillac

GM shows off images of Tesla rivalling all-electric SUV from Cadillac The launch of the EV is part of an aggressive product release movement by GM who plans to release a new model every 6 months between now and 2021. "It", being Caddy's first ever electric vehicle. The platform allows the carmaker to respond to changing market demand and have responded with relatively short design and development lead time. We've just seen the reveal of the XT6 and also in the pipel... [Full Article...]

Slump in Chinese exports fuels fears for global demand

Slump in Chinese exports fuels fears for global demand That compared with about $275.81 billion in 2017. The surplus surged despite the Trump administration imposing tariffs on almost $250 billion of goods made in China . Chinese exporters also face pressure from cooling consumer demand in other global markets. That reflects the impact of Beijing's retaliatory tariffs and encouragement to importers to buy more from non-U.S. [Full Article...]

PG&E, utility tied to deadly California wildfires, will file for bankruptcy

PG&E, utility tied to deadly California wildfires, will file for bankruptcy PG&E is reeling from the November Camp fire that swept through the California mountain community of Paradise and killed at least 86 people in the deadliest and most destructive blaze in state history. It went on to say that a Chapter 11 reorganisation was the only viable option for meeting these goals. Advisers said they expect it may take up to two years for the company to emerge from ban... [Full Article...]

Lenovo leads Q4 2018 global shipments, Apple retains fourth position

Lenovo leads Q4 2018 global shipments, Apple retains fourth position This was due to a strong quarter in the USA for Lenovo, whereas HP suffered declines in shipments in most key regions - with Asia being the notable exception. However, Lenovo seems to be an exception as the overall market has been stagnant. Dell had the strongest growth among the top OEMs at 1.6 percent for the quarter and ended 2018 growing 5.6 percent over 2017. [Full Article...]

AT&T to end all location-data sales to data brokers

AT&T to end all location-data sales to data brokers In a report Tuesday, Motherboard reporter Joseph Cox described the process he had used to acquire the location data of a mobile phone from a source in the bail bond industry. "We have previously stated that we are terminating the agreements we have with third-party data aggregators and we are almost finished with that process", a T-Mobile spokesperson told Ars this week. [Full Article...]

Prosecutors set to indict Nissan's Ghosn again on Friday

Prosecutors set to indict Nissan's Ghosn again on Friday Nissan, which ousted Ghosn as chairman days after his November 19 arrest , said in a statement it remained committed to the alliance in the wake of the scandal that has strained ties with its French 43.4-percent owner. If proven, each of Ghosn's alleged offense may carry a sentence of as much as 10 years, prosecutors have said. Ghosn's lawyers dispute those claims. [Full Article...]

Elon Musk Confirms Tesla Roadster Flying Car On Twitter

Elon Musk Confirms Tesla Roadster Flying Car On Twitter However, in the tweets that followed Musk confirmed that dropping the smaller battery was a move towards adopting the Model 3 way of representing vehicles with mid range, long range, and performance versions. Tesla is now rolling out more than 4,700 Model 3s per week, which is more than double the company's output during a period in early 2018, when Tesla experienced numerous production ... [Full Article...]

Routine food inspections halted by US government shutdown

Routine food inspections halted by US government shutdown The FDA conducts about 8,400 domestic inspections a year, or an average of 160 a week, Gottlieb said. The FDA regulates about 75 percent of the USA food supply. "While the FDA claims that it will continue to conduct "for cause" inspections and pursue criminal and civil investigations related to "imminent threats to human health or life", the agency has posted no new warning letters since the shu... [Full Article...]

Saudi Arabia reveals rise in oil, gas reserves

Saudi Arabia reveals rise in oil, gas reserves According the estimates given by the Board of Investment, Saudi Arabia is likely to invest $5 to $10 billion in the oil refinery and petrochemical complex at Gwadar. "We are serious about restoring balance to the market", Falih told a press conference in Riyadh . "For most of the market, what this does is that it really reinforce what we all know, which is Saudi Arabia holds significant a... [Full Article...]

Government shutdown: TSA shortages push MIA to close terminal

Government shutdown: TSA shortages push MIA to close terminal The "Blue Flu" as it's being called because of the TSA's blue shirts, is believed to be caused by the ongoing government shutdown, which has stopped paychecks for TSA employees. Economists at S&P Global said the shutdown has cost the US economy $3.6 billion so far. A Federal Reserve survey in May found that 40 percent of Americans would have to borrow or sell something to make a $400 emergency p... [Full Article...]

China says trade talks with United States set foundation to resolve concerns

China says trade talks with United States set foundation to resolve concerns At a press conference on January 10, Commerce Ministry spokesperson Gao Feng said the talks had been "solemn, earnest, and candid", as reflected by the fact that the dialogue was extended by a day. With seven weeks to go until a deadline that could see the USA ramp up tariffs on Chinese goods once again, the economic damage wrought by the months-long trade war is becoming clearer even as a pathw... [Full Article...]

Chinese iPhone sellers reportedly cut prices following sales warning

Chinese iPhone sellers reportedly cut prices following sales warning Apple might have admitted to less than ideal sales performance for its current iPhones , but a report suggests the company will plough on with its three phone strategy in 2019. The high-end iPhone model will feature a triple-camera setup at the rear. The iPhone XR, which is believed to have been the least popular of the three, will be updated with a model that comes with the same LCD display an... [Full Article...]


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