Business

Gas prices are up and OPEC ‘doing little to help’

Gas prices are up and OPEC ‘doing little to help’ OPEC did not respond to a request for comment. Perhaps Trump will ask Putin at their upcoming meeting to increase production. "Need to keep prices down!" US crude futures were up 32 cents at $74.46, within sight of Tuesday's 3-1/2-year high above $75. [Full Article...]

Trump to OPEC: 'Reduce pricing now!'

Trump to OPEC: 'Reduce pricing now!' West Texas Intermediate crude for August delivery jumped $1.9 to $75.13 a barrel at 9:41 am. on the New York Mercantile Exchange. But broadcasting its requests on Twitter with a number that stretches credibility opens a new chapter in U.S. [Full Article...]

‘Coinbase Custody’ Targeting Institutional Investors Now 'Officially Open for Business'

‘Coinbase Custody’ Targeting Institutional Investors Now 'Officially Open for Business' As a "custodial service", Coinbase Custody will also offer dedicated account support, strict financial controls and other regulated services created to increase the safety and security of trade transactions. Additionally, the company's new Coinbase Pro platform is off to a rocky start . While exact dates haven't been disclosed, the official announcement says that it should extend the service ... [Full Article...]

China's Baidu rolls out self-driving buses

The clip showed the bright blue bus in action, stopping in front of passengers and carrying them in the moving vehicle. They'll soon begin plying in cities in China including several Chinese cities including the capital of Beijing, Shenzhen, Xiongan, Pingtan, and Wuhan. [Full Article...]

US moves to block China Mobile in American market

US moves to block China Mobile in American market As of June this year, the operator enjoys over 902 million subscribers, but it seems further growth may be blocked, at least to some extent, by President Donald Trump. Another firm based in China that has been focused on by White House officials is ZTE Corp . This is clear in China Mobile's shares declined for only 2% today, July 3 and it is the company's lowest close in over four years! Th... [Full Article...]

MSP Hiked for Kharif Crops But Still It's Short of Cost +50%

MSP Hiked for Kharif Crops But Still It's Short of Cost +50% The Cabinet Committee on Economic Affairs (CCEA) meeting has been scheduled for 10.50 am on Wednesday, to approve the support price of Kharif crops, and the MSP for paddy is likely to rise sharply by Rs 200 to Rs 1,750 per quintal to honour the budget announcement to ensure that farmers get at least 1.5 times of the production cost. [Full Article...]

Las Vegas’ Miki Sudo wins 5th straight Nathan’s hot dog contest

Las Vegas’ Miki Sudo wins 5th straight Nathan’s hot dog contest The Fourth of July is here and so is Nathan's Hot Dog Eating Contest where grown men and women enjoy eating as many hot dogs as they can. Nathan's Famous Fourth of July International Hot Dog-Eating Contest will air live on Wednesday, July 4, at noon ET on ESPN2. [Full Article...]

China will counterpunch USA with $34 billion in tariffs

China will counterpunch USA with $34 billion in tariffs At a meeting of the World Trade Organization, major USA trade partners have warned about the consequences of a possible U-S decision to impose additional tariffs on vehicle imports. By themselves, the tariffs that take effect Friday won't immediately have a dramatic impact on global trade. As the world's most powerful economy, the USA plays a vital role in global economic and trade rule-settin... [Full Article...]

EU delivers stark warning to US over auto tariffs

EU delivers stark warning to US over auto tariffs The three Texas industries facing the biggest risk are all big traders with Canada, which has announced $12.6 billion in retaliatory tariffs against American-made products since Trump placed new tariffs on its aluminum steel. The US Chamber also published an interactive map on the internet showing the impact of the trade dispute in all 50 states. Using a state-by-state analysis, it argues ... [Full Article...]

Barnes & Noble fires CEO

Barnes & Noble fires CEO The bookseller did not elaborate on the reason for Parneros' firing, but it clarified that it wasn't due to any disagreement over financial reporting or fraud, The Wall Street Journal reports. Barnes and Noble will try and find a new CEO and it might take awhile. For now, it is asking a group of leaders to run the company in the interim. Parneros had plans to gradually update Barnes & Noble's ... [Full Article...]

Ryanair crew threaten strike action in solidarity with pilots

The 24-hour strike is due to begin at 01:00 on Thursday 12 July - the traditional holiday fortnight for hundreds of thousands of people in Northern Ireland. A Ryanair spokesperson said in a statement "Since Ireland accounts for less than 7 percent of Ryanair flights, we expect that 93 percent of our customers will be unaffected by any strike". [Full Article...]

China's HNA chairman dies after fall during trip to France

China's HNA chairman dies after fall during trip to France Police said they were not treating his death as suspicious. HNA went on a major buying spree in recent years, snapping up big chunks of major U.S. and European companies - including Deutsche Bank (DB) and Hilton ( HLT ). Since 2015, HNA had been on a massive shopping spree, forking out around $40 billion on a 25 per cent stake in the Hilton hotel group, shares in Deutsche Bank, several golf cour... [Full Article...]

Hyundai quick to quell FCA takeover rumors

Hyundai quick to quell FCA takeover rumors The ageing South Korean CEO is keen to make the move by May 2019, when FCA holds its annual shareholders meeting and current CEO Sergio Marchionne will retire. The tie-up would largely finish what Marchionne started after FCA's public offering in October 2014, when the CEO openly explored the idea of a merger with General Motors . [Full Article...]

Brexit 'worst option' warning for May on customs

Brexit 'worst option' warning for May on customs It was described as a tense meeting, the BBC's Norman Smith said. Ministers have been involved in heated discussions recently as they tried to choose between two earlier models. Speculation has been mounting that the prime minister will set out plans for a soft Brexit in order to overcome the problems at the Irish border and ports across the United Kingdom if there were customs or regulatory b... [Full Article...]

European Union delivers stark warning to U.S. over auto tariffs

European Union delivers stark warning to U.S. over auto tariffs The powerful US Chamber of Commerce, the nation's largest lobby group with more than 3m members, has launched a campaign to oppose Trump's tariffs, while the European Union threatened to slap retaliatory tariffs on hundreds of billions of dollars worth of US goods. [Full Article...]

Celebrities welcome LeBron James to the Los Angeles Lakers

Celebrities welcome LeBron James to the Los Angeles Lakers Now that King James has made a decision, how does it affect these choices? Those numbers would be nice to have alongside James moving forward. Fanatics was ready for this moment. While the Lakers could opt to pass on dealing for Leonard in order to sign him in 2019 as a free agent, there are increasing reports that Leonard may be open to signing with the Los Angeles Clippers as an alternative to... [Full Article...]

Trump, Trudeau discuss trade, economic issues over phone call

Trump, Trudeau discuss trade, economic issues over phone call The Canadian government has announced it is imposing tariffs on United States exports worth $16.6 billion in Canadian dollars or $12.5 billion in USA dollars. Prime Minister Justin Trudeau's government released on Friday the full list of items that Canada is targeting. He urged Canadians to "make their choices accordingly" in considering whether to buy American products. [Full Article...]

Canada Imposes Retaliatory Tariffs on US Goods

Canada Imposes Retaliatory Tariffs on US Goods On Sunday, Ottawa responded to the Trump administration's tariffs on Canadian steel and aluminum with duties of its own against US imports - dollar-for-dollar, reciprocal tariffs that target steel and aluminum, as well as a long list of consumer goods, the government says. [Full Article...]

Over 40 countries object at WTO to USA vehicle tariff plan

But if shortened to an acronym, like many longwinded bill names are, Trump's plan could be known as the U.S. FART Act. The bill would mean abandoning key disciplines agreed at the World Trade Organization , Axios news website reported late on Sunday, to a skeptical response from trade experts. [Full Article...]

Trump administration seeks to drop Iran's oil revenue to nothing

Crude soared above $75 a barrel in NY for the first time since 2014 on signs global supply outages outweigh OPEC's pledged production rise. Traders have also been watching USA oil production, which has surged by 30 percent over the last two years to 10.9 million bpd, absorbing some of the recent disruptions. [Full Article...]


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