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Fed announces interest rate decision

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The Fed sees the economy growing at a faster-than-expected 3.1 percent this year and continuing to expand moderately for at least three more years, amid sustained low unemployment and stable inflation near its 2 percent target. Federal Reserve chair Jerome Powell will have more to say on the bank's line of thinking at a news conference at 2:30 p.m. ET on Wednesday. Powell will nearly certainly be asked about trade. Read More »

Trump says he rejected meeting with Canada's Trudeau over trade

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The US and Canada are basically out of time to iron out their differences in a trade agreement before the Sept 30 deadline to have a completed full text. Trudeau told reporters that Trump had insisted repeatedly that punitive American tariffs on steel and aluminum won't be an issue under a new North American trade deal. Read More »

Canada refusing to make concessions on NAFTA

A spokesman for Canadian Foreign Minister Chrystia Freeland brushed off the latest remarks from the United States, saying Canada was not interested in focusing on timelines. USA automakers and congressional aides now believe a deal with Canada is not possible by the deadline, which they said would most likely prompt the United States to move ahead with a bilateral agreement with Mexico. Read More »

Oil prices rise on tightening market, traders expect further increases

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Fresh bullish signal was generated on today's rally through important resistance at $81.84 (Fibo 61.8% of $115.68/$27.09, 2014/2016 fall), with daily close above needed to confirm signal and open way for further advance. One respected commentator also questioned OPEC's ability to calm the tensions in a market where Iran's oil supplies are collapsing due to USA sanctions, with spare capacity dwindling and production unsustainable for many member states. Read More »

Oil prices falter as Donald Trump ups pressure

Brent for November traded at $82.03 a barrel, up 16c, on the ICE Futures Europe exchange at 15:59 in Tokyo , after settling Tuesday at the highest level in nearly four years. " Trump blames OPEC for what he has created and caused: the rise of the price of oil and disturbance in the market ", Zanganeh said. OPEC is " ripping off the rest of the world ", Trump said in a speech to the UN General Assembly in NY. Read More »

Michael Kors ups the glamour, buys Versace for $2bn

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Have no fear. The designer is keeping her role as creative director. Like Coach, Michael Kors is changing its name as it seeks to reframe how people in perceive it. "All that said, we maintain our view that Versace is not a flawless operation", Saunders said. "This is a very exciting moment for Versace ", she said. Read More »

United Kingdom to hold nerve after Brexit talks hit impasse - Brexit minister

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The report comes just days after European Union leaders rejected the Conservative party leader's preferred plan for leaving the European Union, the so-called Chequers agreement. Her Cabinet meeting came as the Department for Exiting the EU (Dexeu) released its guidance for the United Kingdom under no deal, including the warning of possible disruption to flights and coach services in and out of Europe. Read More »

US President Donald Trump calls on nations to isolate 'corrupt' Iran

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Speaking a year after he threatened to " totally destroy North Korea " if it endangered the USA or its allies and dubbed the country's leader Kim Jong Un "Rocket Man," Trump will spotlight how radically circumstances have changed since then, touting his diplomatic efforts that were buttressed by global sanctions passed at the UN. Read More »

Instagram co-founders stepping down from Facebook

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Kevin Systrom and Mike Krieger, who co-founded Instagram eight years ago, are leaving the service's parent company, Facebook . Though Systrom, in the early days of Instagram ads, famously checked each one personally to ensure it aligned with the app's aesthetics, he was not as loudly anti-ads as the founder of another popular Facebook-acquired mobile app, WhatsApp. Read More »

China accuses United States of 'trade bullyism' amid escalating dispute

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China published a white paper on Monday that attacked the "protectionist practices" and "trade bullyism practices of the US administration", according to state-run Chinese news service Xinhua. China, which has accused Washington of being insincere in the negotiations, has decided not to send Vice Premier Liu He to Washington this week, The Wall Street Journal reported late last week. Read More »

Barrick Gold to buy Randgold Resources in $18.3bn deal

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Andy Lloyd, a spokesman for Barrick , and Kathy du Plessis from Randgold Resources declined to comment, said the newswire service. "Now I have to think of Barrick as a much more risky play", he said. "The boards of Barrick Gold Corporation and Randgold Resources Limited are pleased to announce that they have reached agreement on the terms of a recommended share-for-share merger.to create an industry-leading gold company", read the statement. Read More »

Pandora is being purchased by SiriusXM for $3.5 billion

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In fact, buying up Pandora would significantly expand SiriusXM's audience. Now, Sirius XM is getting ready to join the streaming game after they revealed they've bought Pandora in a $3.5B deal. "The addition of Pandora diversifies SiriusXM's revenue streams with the U.S.'s largest ad-supported audio offering, broadens our technical capabilities, and represents an exciting next step in our efforts to expand our reach out of the auto even further". Read More »

OPEC, allies agree not to further increase oil production

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Leaders from the Organization of the Petroleum Exporting Countries joined leaders from Russian Federation and other countries in Algiers to talk about keeping the market well supplied . Brent has been trading just below $80 a barrel, backed by concerns of supply shortages from looming USA sanctions against Iran, which are set to take effect in November. Read More »

Rosenstein expecting to be fired, heads to White House

While Rep. Adam Schiff (D-Calif.) on Monday, invoking the firing of top DOJ officials during the Nixon presidency, warned the latest development's had the feeling of a "slow-moving Saturday night massacre", all of the rapid-fire and conflicting speculation about whether Rosenstein would resign or be fired turned out to be premature. Read More »

Oil Prices to Be 'Cheaper' if Trump Stops Tweeting, Iran Official Says

The U.S. Energy Information Administration (EIA) expects domestic crude oil production will increase over the next five years and then flatten after 2022, staying at about 11 million to 12 million barrels per day through 2050. a barrel. The global benchmark traded at an US$8.40 premium to West Texas Intermediate for the same month. But the rise in prices doesn't seem to be an issue for Saudi Arabia , with Energy Minister Khalid al-Falih saying after a meeting of OPEC and its allies in ... Read More »

Michael Kors reportedly ready to buy Versace for $2B

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In 2016, Versace poached Alexander McQueen's boss Jonathan Akeroyd to help it smarten up for a stock market listing, although that never materialised. "They needed a buyer who could make heavy investments". As part of the deal, Blackstone will fully exit Versace , while the family, which owns the rest of the fashion house via a holding company called Givi, will keep a role, the sources said. Read More »

Six Flags Fright Fest 30-Hour Coffin Challenge

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During Freight Fest operating hours, coffin dwellers can have a friend to support them, however Six Flags says "they must fearless the non-operating hours alone", although they will have staff on-site to monitor the contest. The coffins have been outfitted with phone charging stations, so inhabitants can Instagram their experiences from the other side. They'll also get to keep the coffin if they fancy it, should they want to repeat the experience at home... Read More »

Crude prices are spiking

Crude oil futures have spiked in early Asian trade, gaining more than 1%. This time, the deepening trade war between the US and China threatens economic growth in Asia and turmoil in emerging countries could amplify the impact of higher prices on global demand growth. Read More »

Porsche confirms it will no longer offer diesel engines

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For the sportscar manufacturer diesel "has traditionally played a subordinated role", the statement said. Porsche was forced by the regulator in May to recall nearly 60,000 Cayenne and Macan diesel cars because of illicit engine functions. Read More »

Ripple rallies on optimism the cryptocurrency finds a home

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And the reason behind this is the number of lawsuits that Ripple Labs is dealing with. $1.00 is an optimum price because it will encourage more banks to jump on board. These partners have been using xCurrent . The coin stated rolling to surge 2 days back when it started gaining momentum and within no time it boomed from 0.2$ and now floating around 0.6$. Read More »

Needle found in Australian strawberries sold in New Zealand

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The fruit, imported from Western Australia and sold under the Choice brand, had been sold at a supermarket in Auckland , Woolworths-owned Countdown - one of NZ's two major supermarket groups. Authorities have committed AUS$1 million to assist struggling growers cope with the crisis, while Queensland has offered a AUS$100,000 reward for any information that leads to an the arrest of someone responsible for fruit tampering. Read More »

Michelle Guthrie Fired From Australian Broadcasting Corporation

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David Anderson , the ABC's director of entertainment will act as interim MD while a replacement is found. Deputy Labor leader Tanya Plibersek was "perplexed" by the decision and wants an explanation from the ABC . "The ABC board has legislated independence in relation to management appointments and the Government respects the duty and role of the board in these matters". Read More »

After cannabis study drug approval, Tilray sees skyrocketing stock price

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Canada's Aurora Cannabis surged this week, too, on reports that Coca-Cola is considering making cannabis infused drinks with it. At present rate, Tilray is outperforming its rival Canopy Growth Corp. Tilray has agreements to sell pot in Canadian pharmacies including Shoppers Drug Mart and is investing in production capacity in Portugal so it can supply the European Union from within Europe, Kennedy said in an interview. Read More »

Markets Right Now: Stocks open higher, building on gains

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A trader works on the floor of the New York Stock Exchange. Trump is confident that the United States is winning the trade war. Shares of Under Armour Inc rose 5.2 percent as the sportswear company announced it was cutting 3 percent of its workforce as part of its turnaround scheme. Read More »

Iran sanctions: India in touch with all stakeholders

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And since commercial banks must stop handling transactions with Iran or face USA penalties, European countries are considering using their own central banks to transfer funds to Iran, wagering that Trump wouldn't go so far as to sanction an ally's central bank. Read More »

Oil rises on US crude stock draw, supply concerns

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The U.S. and some other OPEC members will probably increase crude supplies from their inventories to keep a lid on prices ahead of the American mid-term Congressional elections in November, he said. Prices have traded mostly below $80 over the past few months on fears trade tensions between the USA and China could damp global demand. Russian Federation has increased its productivity by more than 200,000 bpd (barrels per day). Read More »

Comcast Battle to Buy Sky to be Settled by Auction in UK

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Should Comcast purchase the publicly traded company at a driven-up value, 21st Century Fox will likely make more should it decide to sell its remaining stake in Sky , according to the WSJ. If Comcast does keep the auction alive, a third and final round will be held, with both companies submitting simultaneous bids. News Corp., which is controlled by the Murdochs, withdrew its bid for Sky soon after. Read More »

Tesla Model 3 gets 5-star rating from USA safety agency

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Just like the Model 3, the Tesla Model X received ideal scores in all of the NHTSA's frontal crash , side crash, and rollover tests. The Model 3's across-the-board five-star rating is still relatively rare among new cars , especially small- to mid-size cars, crossovers, and SUVs. Read More »

Supermarket giant unveils new discount brand at Chatteris site

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The first two stores will open on 20 September in Chatteris, Cambridgeshire and Immingham, Lincolnshire. Dave Lewis, chief executive of Tesco, opening the new Jack's store in Chatteris. "Aldi and Lidl both successfully compete in the retail sector by using a consistent layout in custom-built stores with a supply chain that sources items from suppliers across Europe". Read More »

Britain to come forward with new Brexit proposals on Irish border

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With little more than a week to go until the Tory party faithful gather in Birmingham for their annual conference, Salzburg was meant to be a political warm-up lap for Theresa May . Tory activists were already intensely sceptical about the Chequers agreement, which they fear will bind Britain too closely to European Union rules and regulations, and risk fuelling a betrayal narrative among Leave voters. Read More »

Amazon could open 3,000 cashierless Go stores by 2021

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Amazon Go threatens traditional convenience store companies like 7-Eleven, as well as chain fast food sandwich and lunch chains like Subway. Sensors and computer-vision technology detect what shoppers take and bills them automatically, eliminating checkout lines. Read More »

Amazon launches small business shop

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With more than a million small and medium-sized businesses in the US selling on Amazon , the ad gives customers a glimpse into a real business on Amazon and how Amazon is actually a 'Big collection of Small'. It will also feature the small businesses in a marketing campaign. To promote the new site, Amazon will air its first-ever national TV commercial featuring real Amazon vendors, part of a nationwide advertising campaign. Read More »

Audi's first all-electric model, the e-tron, makes its debut

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It ensures the continuous and variable regulation of the ideal distribution of drive torques between the two axles - within a fraction of a second. The company says, that a key factor for the sporty character and outstanding transverse dynamics is the low and central position at which the battery system is installed. Read More »