Business

Iran Warns Trump's Oil Ban Is 'Self Harm'

Iran Warns Trump's Oil Ban Is 'Self Harm' If anything, they are driving prices higher as the United States defends many of their members for very little $'s. He added, "This must be a two way street". "You are hammering on good guys in OPEC", Kazempour said. Actual and likely production losses are adding up: (1) production is most at risk in Iran, with the United States administration targeting a significant drop in exports that cou... [Full Article...]

Trump Draft Tariffs Bill Tears Up WTO Rules

Trump Draft Tariffs Bill Tears Up WTO Rules U.S. President Donald Trump said on June 29 that the probe would be completed in 3-4 weeks. Reportedly, the letter of European Union stated that it has not yet determined on counter-steps to likely auto taxes, but mentioned it is "likely" to implement them to "a noteworthy quantity of trade" in the incident Trump compels such tariffs. [Full Article...]

Trade war could hurt these economies far more than US, China

Trade war could hurt these economies far more than US, China U.S. President Donald Trump has threatened to raise duties on up to $450 billion of imports from China. As an example, Chinese companies are reselling United States soybeans, and Chinese companies are expected to cancel most of the remaining soybeans they have committed to buy from the U.S. [Full Article...]

What to know about US-China tariffs

What to know about US-China tariffs Texas and other states that got on the Trump Train may face the biggest negative impact of the president's trade policies, according to a new report. On top of the significant push back from governments around the world, the moves have USA companies warning the Trump administration that continuing on this path will ultimately mean higher prices for US consumers and hundreds of thousands of job... [Full Article...]

With Widespread Support, Lopez Obrador Wins Mexico’s Presidency

With Widespread Support, Lopez Obrador Wins Mexico’s Presidency The Texas Association of Business was making plans Monday to travel with a large business and political delegation to either Mexico City or Monterrey this summer to meet with Lopez Obrador's transition team."We want to be very, very clear of our strong Texas-Mexico trade relations", said Jeff Mosely, CEO of the association, which past year formed the Texas-Mexico Trade Coalition to help lobbyi... [Full Article...]

Angry Trump supporters threaten backlash over 'Impeach 45' clothing range

Angry Trump supporters threaten backlash over 'Impeach 45' clothing range However while the Impeach 45 items have been removed from sale other pro-Trump items are still available on the site. Supporters of President Trump are angry at Walmart for selling shirts that call to impeach Trump . Teespring had their shirts pulled off the Walmart website days later. Walmart came under fire for another incident last November when customers noticed a shirts that read, "R... [Full Article...]

Trump Says Saudis Must Compensate For Drop In Iran Oil Supply

President Donald Trump said in a tweet that he spoke to King Salman and explained to him that, because of the turmoil and dysfunction in Iran and Venezuela, he asked that Saudi Arabia increase oil production, to which the Saudi king agreed. [Full Article...]

Amazon Prime Day 2018: These early deals are available right now

Amazon Prime Day 2018: These early deals are available right now Amazon has also started sale on some of its own products. Each day, new deals on Prime Video , Amazon Music , and Twitch Prime will be unlocked, offering huge discounts on movies, music and Kindle books. If you haven't yet, sign up here for Amazon Prime , and enjoy a 30-day free trial. So this year Amazon Prime Day will take place on Tuesday July 17. [Full Article...]

$2.3 billion of MI exports threatened by tariffs

$2.3 billion of MI exports threatened by tariffs The business lobbying group says farm states and states with large auto production plants will be particularly vulnerable. Now in all fairness they have their farmers. Asked at a briefing about the Chamber's report, White House spokeswoman Sarah Sanders told reporters: "The president is focused on helping protect American workers and American industries and create a fair playing field". [Full Article...]

Iran issues oil warning as UAE says production can rise

Iran issues oil warning as UAE says production can rise The State Department's threats to China and India intends to drive Iran exports completely off the market. International Olympic Committee plans to buy 7 million tons of crude from Iran in the year ending March 31 versus 4 million tons in the previous fiscal year, A.K. [Full Article...]

Tesla hits 5,000 Model 3 production target

Tesla hits 5,000 Model 3 production target The company badly needs cash from the compact cars to deliver on CEO Elon Musk's promise to post a net profit and positive cash flow in the third and fourth quarters. The Model S and Model X were both premium vehicles with starting prices around $80,000 and $60,000, respectively. The news is obviously good for Tesla , and especially welcomed by those on the ever-growing Model 3 waiting li... [Full Article...]

Trump says King Salman 'agree' to crash oil prices

Trump says King Salman 'agree' to crash oil prices However, the price action on Friday suggests that buyers are still coming in and aggressively willing to chase this market higher. The White House statement undercut a tweet by Trump earlier in the day when he wrote that Saudi Arabia had definitely agreed to produce more oil. [Full Article...]

Amazon is helping entrepreneurs start delivery companies for its packages

Amazon is helping entrepreneurs start delivery companies for its packages Amazon will take an active role in helping interested entrepreneurs start, set up and manage their own delivery business. The latest initiative is particularly important as more customers sign up for Prime Now , stoking demand for two-hour deliveries, said Colin Sebastian, an analyst with Robert W Baird & Co., in a note to clients. [Full Article...]

Toys ‘R’ Us writes heartwarming goodbye as it closes for good

Toys ‘R’ Us writes heartwarming goodbye as it closes for good This might have been totally a joke but it still shows the impact Toys R Us had on all of us. Madelyn Garcia, who has worked at Toys R Us for 30 years and became a manager at the Boynton Beach store in September, told The Palm Beach Post that the Toys R Us team is a "family" and therefore should be compensated properly. [Full Article...]

Rupee at all-time low: What is pushing it down? HSBC India answers

Rupee at all-time low: What is pushing it down? HSBC India answers Subsequently, the fall in oil prices from $72 to $64 on expectations that the Organization of Petroleum Exporting Countries (OPEC) will increase production gave a breather to the Indian rupee . The volatility is being driven by global factors, including proposed USA sanctions on Iran and the mismatch in demand and supply of oil, said Subhash Chandra Garg, the economic affairs secretary in t... [Full Article...]

Bali reopens airport after volcano eruption strands thousands of tourists

Bali reopens airport after volcano eruption strands thousands of tourists The Ngurah Rai airport began operating at 2.30 pm local time (12 pm Indian Standard Time), about 12 hours after it was shut. "At this stage, scheduled flights this afternoon and this evening are planned to operate subject to any change in conditions". [Full Article...]

Ryan, Walker react to Harley moving production

Ryan, Walker react to Harley moving production If they move, watch, it will be the beginning of the end - they surrendered, they quit! Mr. Trump is right that the company announced plans to build a plant in Thailand long before the current tariff escalation. Does Harley even understand what 'Made in America means?' Harley-Davidson plans to shift some motorcycle production away from the United States to avoid the "substantial" burden of Europ... [Full Article...]

Cut Iran Oil Imports or Face Sanctions

Cut Iran Oil Imports or Face Sanctions At the tail end of 2017, it reportedly stood at 42,890. It wasn't immediately clear who led Monday's protests. At the end of previous year, similar economic protests roiled Iran and spread to some 75 cities and towns, becoming the largest demonstrations in the country since its 2009 disputed presidential election. [Full Article...]

US stocks slide on escalating US-China trade tensions

US stocks slide on escalating US-China trade tensions The recent imposition of import tariffs by the USA, and counter-measures by other countries, are also starting to affect global production and supply chains. Navarro, appearing on CNBC at 3 p.m., appeared to reverse the course set by Mnuchin-and with it the market. Last week, the White House introduced a 25 percent tariff on $50 billion of Chinese imports to the country. [Full Article...]

Harley-Davidson moving some production overseas; Donald Trump 'surprised'

Harley-Davidson moving some production overseas; Donald Trump 'surprised' The company operates manufacturing facilities in Brazil, India and Australia, and expects to start operating the new Thailand factory this year. Harley-Davidson's stock dipped 6 percent on Monday as it became embroiled in a raging trade dispute between the US and Europe, which accounts for a significant amount of its sales. [Full Article...]


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