Business

Booming US jobs market lifts chance of rate rise

Booming US jobs market lifts chance of rate rise Average hourly earnings advanced 2.7 per cent from a year earlier, while the jobless rate increased to 4 per cent from 3.8 per cent, the first rise in nearly a year. It's "another strong month for jobs", CNN's Christine Romans told her viewers. Trump oversaw a steadily-declining unemployment rate which eventually reached its lowest level since 2000 . [Full Article...]

USA soybean farmers say China tariffs could result in ‘serious damage’

USA soybean farmers say China tariffs could result in ‘serious damage’ Retaliatory measures by China also include taxes on imports of a variety of USA dairy products. It added that instead of "serving the interests of U.S. Foreign companies accounted for $20 billion, or 59%t, of the $34 billion of exports from China that would be subject to new USA tariffs, with US firms accounting for a significant part of that 59 percent, Gao said. [Full Article...]

Are gasoline prices in the USA really too high?

Are gasoline prices in the USA really too high? The two urges don't mix, however. The American Petroleum Institute was said to report that inventories dropped by 4.51 million barrels last week, while a Bloomberg survey also estimated a decline. The president's call to "reduce pricing" was an apparent reference for oil producers to churn out more supply in order to contain spiking oil prices. [Full Article...]

Rouhani calls European Union trio package to save nuclear deal 'disappointing'

Rouhani calls European Union trio package to save nuclear deal 'disappointing' Zarif pointed to his "very serious and constructive" talks with the remaining parties of the nuclear deal and said, "I believe that there is political will to continue work and save this agreement but we must see what will happen to this issue in practice." A senior US military leader said in 2012 the Guards have the ability to block the Strait of Hormuz "for a period of time" but the United St... [Full Article...]

Global stocks edge lower as trade worries overshadow rising oil prices

Global stocks edge lower as trade worries overshadow rising oil prices The US and China are embroiled in trade dispute which will see US tariffs on US$34 billion of Chinese goods come into effect on Friday. The Hang Seng then edged back to end 1.4 percent lower. USA crude fell 1.5 percent to $73.03 per barrel and Brent was last at $77.71, down 0.68 percent. The dollar last stood at 110.97 yen, giving up gains following sharp falls in Chinese shares. [Full Article...]

Trump's tweets driving up oil prices

Trump's tweets driving up oil prices Saudi Arabia is said to have spare capacity of 2 million barrels per day, but it's not clear whether that much could be available immediately. "Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue from crude oil sales", Hook, the State Department's director of policy and planning, told reporters. [Full Article...]

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

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...]


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