Economy

Warren Buffett tried to invest in this tech giant but talks failed

Warren Buffett tried to invest in this tech giant but talks failed Buffett did not immediately respond to a request for comment left with an assistant. The deal fell after the two sides could not agree on terms, Bloomberg reported, citing a source. In recent months, Uber has been working to find its footing after controversies over its culture and the fatal crash of one of its self-driving cars in March. [Full Article...]

Mexico Retaliates Against U.S. Tariffs, Aims at Trump Country

Mexico Retaliates Against U.S. Tariffs, Aims at Trump Country Today we find ourselves the target of punitive tariffs on Canadian aluminum and steel, under pretext of a 232 national security provision. The list includes items such as whiskey, orange juice, maple syrup, ketchup, pizza, playing cards, mayonnaise and sleeping bags. [Full Article...]

Turkish lira rate up, Erdogan can breathe again

Turkish lira rate up, Erdogan can breathe again Turkish Lira banknotes are seen in this October 10, 2017 picture illustration. The risk of a politicised central bank sent the lira to historic lows last week - and it remains down by 28 per cent over the past year. Authorities have since been on a push to reassure investors. Under the changes, the regulator is from June 1 to set its one-week repo rate-previously its main policy tool-at 16.5% and... [Full Article...]

Glasgow makes shortlist for new Channel 4 national headquarters

Glasgow makes shortlist for new Channel 4 national headquarters The partial relocation is part of Channel 4's plan, 4 All the United Kingdom, which is described as the biggest structural change to the channel since it launched 35 years ago. Channel 4 has today revealed the shortlist of United Kingdom cities and regions vying to house the broadcaster's new national headquarters outside London. [Full Article...]

US economy put up impressive job totals in May

US economy put up impressive job totals in May Meanwhile, the revisions for the two previous months - March and April - were fairly modest, and pointed to a combined gain of 15,000 jobs as compared to previous BLS reports. "You should have gotten the employment numbers from the Council of Economic Advisers yesterday". Jason Furman , another Obama-era Council of Economic Advisers chairman, responded to Trump's tweeting , saying, "I$3 f this... [Full Article...]

These Chick-fil-A employees will start making $18 per hour

These Chick-fil-A employees will start making $18 per hour Mason's new gold standard at his Chick-fil-A store comes in a state where the minimum wage is now $11 for businesses with more than 25 workers - and will increase a buck a year until it hits $15 by 2022. Eric Mason, who owns the Sacramento Chick-fil-A, called the substantial increase a "living wage". But restaurant chains often operate on tight margins and have high turnover rates , which means... [Full Article...]

Trump levies steel, aluminum tariffs on EU, Canada, Mexico

Trump levies steel, aluminum tariffs on EU, Canada, Mexico Germany's Economy Minister said early on Friday (June 1) the European Union might look to coordinate its response with Canada and Mexico . "They report a really high surplus on trade with us", he wrote. The tariffs , announced by US Commerce Secretary Wilbur Ross in a telephone briefing on Thursday , ended months of uncertainty about potential exemptions and suggested a hardening of the ... [Full Article...]

OECD revises downward growth estimate for Japan

The Organisation for Economic Co-operation and Development also upped its 2019 GDP forecast for Poland to 3.8 percent from 3.7 percent in a March projection. "This suggests that strong, self-sustaining growth has not yet been attained". As for emerging markers, the report voiced concerns that rapid normalization of extremely accommodative monetary policies in major economies and accompanying a... [Full Article...]

Euro rallies as Italy political crisis abates

Euro rallies as Italy political crisis abates Hong Kong's Hang Seng rose 0.7 percent to 30,789.60 but the Shanghai Composite in mainland China climbed 0.2 percent to 3,147.36. US stocks were poised for a solid open, with Dow futures and the broader S&P 500 futures up 0.5 per cent. Italian stocks rallied 2.6 percent, the standout performers in Europe. China's official factory gauge rose more than estimated in May while services also improved... [Full Article...]

Deutsche Bank on USA 'troubled' list

This comes after a ratings downgrade and a share price slide in the wake of a report saying the USA regulator viewed the lender as "troubled" previous year. Shares of Deutsche Bank are down more 7 percent on a report that Federal Reserve downgraded the German bank's USA business to "troubled condition" about a year ago. [Full Article...]

June 1st Marks National Donut Day

June 1st Marks National Donut Day In addition to serving doughnuts, the Donut Girls also provided writing supplies and stamps, and offered a clothes-mending service to the soldiers in battle. Customers will receive a plain doughnut that can be topped with a number of DIY ingredients on the menu. Papa John's: All online orders on Friday can score a free order of Papa John's hot Donut Holes. [Full Article...]

How to Establish GDPR as a Corporate Data Privacy Standard

How to Establish GDPR as a Corporate Data Privacy Standard Kristina: What do businesses need to know, at this point, for their own GDPR initiatives? Identifying and mapping user data to protected GDPR categories was the top ranked initiative for meeting GDPR compliance-cited by nearly three quarters of report respondents. [Full Article...]

Waymo buys up to 62,000 Chrysler minivans to expand self-driving fleet

Waymo buys up to 62,000 Chrysler minivans to expand self-driving fleet The companies also confirmed that they have begun talks to bring Waymo's technology to consumers, exploring a potential licensing deal that would allow Fiat Chrysler to sell vehicles with driverless technology. The Pacifica minivans drive themselves without a human behind the wheel. John Krafcik, Waymo's chief executive officer, often mentions the four business fronts the Alphabet arm is pursuin... [Full Article...]

White House moves to finalize China trade sanctions

White House moves to finalize China trade sanctions US Treasury Secretary Steven Mnuchin said the Trump administration had put on hold its plan for punitive trade tariffs against China while the two parties tried to implement the framework agreement. The actions, based on recommendations of the Office of the US Trade Representative, are part of an effort to force Beijing to grant American companies easier access to its markets and balance the... [Full Article...]

Trump's Trade Policies 'Completely Backwards': Tariffs Won't Bring Jobs to US

Trump's Trade Policies 'Completely Backwards': Tariffs Won't Bring Jobs to US U.S. Commerce Secretary Wilbur Ross said during a call with reporters on Thursday that slow progress on the NAFTA renegotiation is another reason why Canada and Mexico will now be subject to the import tariffs . "And, in the case of the United Kingdom, where we send steel to the United States that is vital for their businesses and their defence industry, it is patently absurd". [Full Article...]

Starbucks Investors Question Cost of Bias Training, Howard Schultz Says

Starbucks Investors Question Cost of Bias Training, Howard Schultz Says But I do like how they're taking initiative and how they are showing people like, 'Hey. A video that went viral showed uniformed officers questioning then handcuffing the two men, who put up no resistance, while a white client repeatedly asks an officer, "What'd they do?" Mulu Gebiu, 42, an Ethiopian immigrant who's been living in Washington for almost 20 years, said he didn't mind having to... [Full Article...]

AMERICA FIRST: Trump SLAMS EU, Canada, Mexico with STEEL Tariffs

AMERICA FIRST: Trump SLAMS EU, Canada, Mexico with STEEL Tariffs U.S. Commerce Secretary Wilbur Ross says the U.S. will slap tariffs on Canadian, Mexican and European Union steel and aluminium as of midnight tonight. He said the British prime minister planned to raise the tariffs with the USA president personally in Canada at a scheduled G-7 summit of the seven largest advanced economies. [Full Article...]

Euro rallies as Italy concerns fade, investors eye data

Euro rallies as Italy concerns fade, investors eye data But negotiations Wednesday and Thursday yielded an unexpected breakthrough, culminating in a presidential announcement late Thursday night that the country's new government will be sworn in on Friday. Markets have been wrestling this week with the implications of an Italian governing crisis, which sent its government bonds spiraling down earlier this week and hit the euro and other risk assets... [Full Article...]

Bombardier to build 2 new luxury aircraft

Bombardier to build 2 new luxury aircraft For the record, the Global 5500 priced at United States dollars 46 million can cover a distance of 5,700 nautical miles and can fly from Sao Paolo to Paris. The new models "further improve" Bombardier's competitive position in the large jet market, and should match up well against Gulfstream's G500 and G600 aircraft, Turan Quettawala, a Scotiabank analyst in Toronto, said Monday in a note to c... [Full Article...]

Markets Right Now: Banks lead stocks higher on Wall Street

Markets Right Now: Banks lead stocks higher on Wall Street The Russell 2000 index of small stocks hit an all-time high, rising 23 points, or 1.5%, to 1,647. "We look forward to a fuller update from the company at the full year results on the company's plans on 21st June", said Liberum analysts in a note. [Full Article...]


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