Markets

Coca-Cola looking into making cannabis-infused drinks

Coca-Cola looking into making cannabis-infused drinks Coca-Cola is one of the most recognized brands in the world, but it could soon be known for more than just fizzy drinks. Last month, Corona beer brewer Constellation Brands Inc. The drinks will be expected to ease inflammation, pain and cramping. Coca-Cola is making some waves today with news that it's considering a new ingredient: cannabis. [Full Article...]

Trump slaps additional 10% tariffs on $200bn in Chinese goods

Trump slaps additional 10% tariffs on $200bn in Chinese goods The iPhone was not among the ┬┤wide range┬┤ of products that Apple told regulators would be hit by the $ 200 billion round of tariffs in a September 5 comment letter to trade officials. Micklin and much of the rest of the US bike industry was in Reno Monday to attend Interbike. "Hopefully, this trade situation will be resolved, in the end, by myself and President Xi of China, for whom I have grea... [Full Article...]

Amazon's Jeff Bezos commits $2 billion to help homeless, pre-schools

Amazon's Jeff Bezos commits $2 billion to help homeless, pre-schools In a post to his Twitter account, Bezos said one part of the fund will give money to organizations and groups that provide shelter and food to young homeless families. "You get them trained". "You're going to get scrutinized, and it's healthy. They are perfectly productive members of society". Bezos said in remarks to the Economic Club of Washington that it is "really really hard" for a child ... [Full Article...]

U.S. surpasses Saudi Arabia as world's top crude oil producer

U.S. surpasses Saudi Arabia as world's top crude oil producer Brent rose above $80/Bbl Wednesday for the first time since May, spurred by expectations us sanctions against Iran's oil exports, which will start in early November, will tighten global markets. The first row of new sanctions against Iran were put in place in August, while more hard-hitting sanctions against the country's energy sector will take effect on November 4. [Full Article...]

NAFTA: "store supply management, " said Teamsters Canada

NAFTA: They will reconvene on Friday morning. In an interview with Canada's Global News network published on Sunday, Freeland declined to discuss specific issues in the talks and noted that Kudlow is "not at the negotiating table". The United States is seeking to water down or eliminate Chapter 19, which provides for binding arbitration decisions to settle disputes. Trudeau has said Canada could be w... [Full Article...]

Petrol prices touch Rs 90.11 in this Indian city

Petrol prices touch Rs 90.11 in this Indian city While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala, and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said. With the title "Truth of hike in petroleum prices", the ruling party with the help of bar diagrams explained that the percentage increase in the rise of fuels in 2018 is ... [Full Article...]

President Obama Tells Voters to Show Up Or Things Could 'Get Worse'

President Obama Tells Voters to Show Up Or Things Could 'Get Worse' Trump has given Obama a chance to write a new postscript to his own legacy. "I will tell you what Barack Obama does that hurts Donald Trump more than the most cutting insult, and that is he takes the cameras off of Trump and takes the attention off Trump", Wilson said. [Full Article...]

Elon Musk's pot-smoking video unnerves investors

Elon Musk's pot-smoking video unnerves investors In August, Musk told The New York Times he was exhausted from too much work and difficulty sleeping in an interview that sharpened questions about his mental stability. "The trick is you have to transition to level flight", Musk said. We own two Tesla cars. The departure of top executives has prompted scrutiny. While the signal sent by the string of resignations was more concrete evidence ... [Full Article...]

China's USA trade surplus hit record high in August

China's USA trade surplus hit record high in August The president , speaking to reporters aboard Air Force Once, said he's in the middle of reshaping America's trade policy on a number of fronts, from Canada and Mexico nearby, to China , South Korea and Japan overseas. The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and auto seats for babies. Washington is demanding Be... [Full Article...]

Alibaba's Jack Ma, China's richest man, announces plans to retire

Alibaba's Jack Ma, China's richest man, announces plans to retire Ma stepped down as Alibaba's CEO in 2013 but retained a role as executive chairman and a stake in the company. The Times said that in an interview, Ma said he planned to step down as executive chairman on Monday to pursue philanthropy in education. [Full Article...]

British Airways Hacked: Cyber-Theft 'Compromises' 380,000 Bank Cards

British Airways Hacked: Cyber-Theft 'Compromises' 380,000 Bank Cards PT) on September 5. It has also said that the breach has now been resolved and customers can book tickets safely. "We have notified the police and relevant authorities". But what you do after you call the bank? Probably won't get it back before we fly (ironically). "Terrible handling of the situation as I've still not received an email from BA!" The airline also said online check-ins will co... [Full Article...]

OPEC oil output hits 2018 high

OPEC oil output hits 2018 high Benchmark Brent crude was up 1.33 percent at $79.20 a barrel. A set of USA sanctions targeting Iran's oil industry is due to take effect in November. "With the anticipation of up to 1.5 million barrels per day affected by the U.S. sanctions on Iran, one would expect prices to move higher in the weeks ahead". [Full Article...]

SUN: FOCAC an opportunity to usher in new Sino-African

SUN: FOCAC an opportunity to usher in new Sino-African Xi said Belt and Road complies with worldwide norms, and China "welcomes the participation of other capable and willing countries for mutually beneficial third-party cooperation". The relationship between China and Africa is based on more than just trade: it is a partnership aligned to Africa's development goals, as contained in the AU's Agenda 2063 and the New Partnership for Africa's Development... [Full Article...]

Automakers jump as Trump-Mexico deal averts tariff doomsday

Automakers jump as Trump-Mexico deal averts tariff doomsday US law requires Trump to give Congress 90 days' notice of his intention to sign a new trade deal . "Today's news of a trade agreement between the United States and Mexico confirms that the Trudeau government has failed to advance Canada's trade interests". [Full Article...]

Talks with Canadian officials expected after US-Mexico deal

Talks with Canadian officials expected after US-Mexico deal Freeland is under increasing domestic pressure not to compromise. FILE - President Donald Trump talks with Canadian Prime Minister Justin Trudeau during a G-7 Summit welcome ceremony. The 24-year-old NAFTA is a trilateral deal between the United States, Canada and Mexico that underpins $1.2 trillion in North American Trade. Former U.S. [Full Article...]

Kansas Republicans call for trade stability while praising Trumps Mexico deal

Kansas Republicans call for trade stability while praising Trumps Mexico deal Second only to the booming economy, Monday's announcement of a deal with Mexico is the most visible manifestation of Trump's fulfilment of his campaign promises. Prof. Leblond said it would be political suicide for Trudeau's Liberal administration, with one year before a general election, to give in to USA demands for significantly greater access to Canada's protected dairy market. [Full Article...]

NAFTA talks with United States 'very far' along: Mexico's Guajardo

NAFTA talks with United States 'very far' along: Mexico's Guajardo Earlier in the day, Guajardo said that officials were "very far" along in efforts to deal with the Mexico-US issues , but added: "There are trilateral issues that have to be solved in a trilateral context". The federal government, a few have warned, could find itself forced into deciding whether to accept a less-appetizing deal hashed out between the US and Mexico. [Full Article...]

USA dollar declines amid Fed Chair Powell's speech

USA dollar declines amid Fed Chair Powell's speech North American stock markets ended the week in positive territory as the Federal Reserve chairman's suggestion about measured interest rate hikes gave investors comfort and pushed the S&P 500 and the Nasdaq composite to touch all-time highs . [Full Article...]

After California firefighter throttling flap, Verizon lifts first responder speed caps

After California firefighter throttling flap, Verizon lifts first responder speed caps Verizon admitted its mistake, but said that it had pointed out the terms of the contract to the fire department. In its own statement after the lawsuit addendum was filed, Verizon denied that this move was related to net neutrality. "The FTC must investigate whether Verizon and other communications companies are being unfair or deceptive in the services they're offering to public safety enti... [Full Article...]

Oil edges up on Iran sanctions, but US-China row mutes trading

Oil edges up on Iran sanctions, but US-China row mutes trading That notion has quickly taken a back seat to the familiar worry that market demand may actually wan due to the escalating trade war between the US, and China , the latest development of which saw the imposition on Thursday of 25 percent tariffs on $ 16 billion worth of each other's goods; both countries have now imposed tariffs on a combined $ 100 billion of products since early July, and Wa... [Full Article...]


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