Economy

Economy NBA Free Agency Rumors: LeBron James Signs With Lakers
Author: 0 NBA Free Agency Rumors: LeBron James Signs With Lakers

They prepared an old-fashioned press release under the letterhead of Paul's agency, Klutch Sports Group, but they weren't sure if or when they'd distribute it. On Sunday evening, the Lakers were 8/1 to secure their first NBA Finals victory since 2010. Though he and LeBron have always been closely compared, Kobe was glad to see James joining his former franchise.

Economy Saudi to raise oil production by 2mn BPD
Author: 0 Saudi to raise oil production by 2mn BPD

That's highly ironic because Trump had been whingeing about higher oil prices and urging higher production. Saudi Arabia acknowledged the call took place, but mentioned no production targets, despite Trump tweeting in reference to Salman, 'He agreed!' Indian Oil Corp, Mangalore Refineries and Petrochemicals Ltd and Nayara Energy, the top three Indian buyers of Iranian oil, did not respond to Reuters's request for comments.

Economy Donald Trump says he doesn’t plan exit from WTO, wants better treatment
Author: 0 Donald Trump says he doesn’t plan exit from WTO, wants better treatment

They said it's important to uphold the global commercial order amid "growing" tensions. Axios reported earlier on Friday, citing people who were involved in discussions with the president, that Trump frequently told advisers he wanted the United States to quit the WTO , a move with potentially disastrous implications for global commerce.

Economy Mazda Joins Toyota and GM Against Trump's Car Tariff Plans
Author: 0 Mazda Joins Toyota and GM Against Trump's Car Tariff Plans

GM said steep tariffs on cars and parts could undermine GM's competitiveness against foreign carmakers by "erecting broad-brush trade barriers that increase our global costs, remove a key means of competing with manufacturers in lower-wage countries, and promote a trade environment in which we could be retaliated against in other markets".

Author: 0 Iran to allow private sector to export oil, beat United States sanctions

The president, in an interview with Fox News' " Sunday Morning Futures with Maria Bartiromo", also said he would not complete a new NAFTA trade deal with Canada and Mexico until after the November congressional elections. Asked if someone was manipulating oil markets, Trump said: "OPEC is and they better stop it because we're protecting those countries, many of those countries".

Economy Did Tesla Hit Its Model 3 Production Goal Last Month?
Author: 0 Did Tesla Hit Its Model 3 Production Goal Last Month?

The company's shares could hit $400, Damodaran said, but Musk would need to increase revenues from $12.5bn to $120bn in the next decade, invest more efficiently than the rest of the sector and meet debt commitments. The company is known for temporary periods of quick production, but has yet to prove to investors that its short manufacturing bursts are sustainable.

Economy Keen to embrace USA sporting ideas, Southgate revives England
Author: 0 Keen to embrace USA sporting ideas, Southgate revives England

Speaking to Fox Sports , Sanchez said: "I want Belgium to win the World Cup, for my friend Lukaku". I thought they had the better controlled possession, and the better chances in the first half. We learned a lot watching them last summer (in the Confederations Cup) that we've actually implemented some of that, and their team that won the World Cup we studied very intently.

Author: 0 Iran to allow private sector to export oil, beat USA sanctions

Meanwhile Sunday, Iran's first Vice President Eshaq Jahangiri said his country's crude oil will be available on Iran's domestic stock market for private companies to buy and export. "Any increase in the production by any member country beyond commitments stipulated in OPEC's decisions. would constitute breach of the agreement", Zanganeh wrote in the letter seen by Reuters and reported by Iranian state media.

Economy Tata Steel and Thyssenkrupp agree merger deal
Author: 0 Tata Steel and Thyssenkrupp agree merger deal

The step follows the signing of a Memorandum of Understanding in this regard in September 2017. The Netherlands-based venture, which will be named Thyssenkrupp Tata Steel , will employ around 48,000 people and have a revenue of 17 billion euros (approximately Rs 1.36 lakh crore).

Economy Coast Guard still searching for cruise ship crewman lost overboard
Author: 0 Coast Guard still searching for cruise ship crewman lost overboard

But the following day - about 22 hours after the crew member was seen going overboard - the missing crew member was seen in the water by someone on the Carnival Glory about 21 miles north of Cuba. "We're still searching", Coast Guard spokesman Jonathan Lally said Sunday just before 8 a.m. The ship was sailing from her last port of call in Cozumel towards the homeport in Miami , Florida with a scheduled arrival back on July 1.

Economy S Arabia unable to raise oil output by 2mn: Iranian OPEC governor
Author: 0 S Arabia unable to raise oil output by 2mn: Iranian OPEC governor

Last week during the 174th meeting in Vienna, 15 members of OPEC made a decision to cut production by 1.2 million barrels a day and maintain the ceiling at 32.5 million barrels a day. Average prices for unleaded gas, including taxes, averaged $2.83 a gallon for the week ending June 25 - up about 55 cents over the same period a year ago.

Author: 0 Steel firm Thyssenkrupp backs Tata merger

The German-based company's executive board approved the plans on Friday after signing a memorandum of understanding last September. "It is the only solution to create significant additional value of around 5 billion euros for both Thyssenkrupp and Tata Steel due to joint synergies which can not be realized in a stand-alone scenario", Hiesinger said.

Economy Amazon adding contracted vans to delivery network
Author: 0 Amazon adding contracted vans to delivery network

Amazon already works with hundreds of third-party courier companies that hire and manage their own fleets of drivers, but they did not disclose to Business Insider's whether its relationship with its current delivery service providers would change.

Economy Restaurant Manager Fired for Refusing Service to Customer in MAGA Hat
Author: 0 Restaurant Manager Fired for Refusing Service to Customer in MAGA Hat

On Thursday, he was sacked. An oversight body said wearing the hat constituted an "inexplicable act of judicial misconduct". "Absolutely no regrets", he said in a written statement to Global News . "The MAGA hat has come to symbolize racism, bigotry, Islamophobia, misogyny, white supremacy, [and] homophobia". "And [the manager] refused to serve him if he wouldn't take off his hat, and so the customer had to leave", she told Global News , describing Hodge a "good person with a big heart ...

Economy Brits will see fewer food choices in supermarkets due to Carbon dioxide shortage
Author: 0 Brits will see fewer food choices in supermarkets due to Carbon dioxide shortage

The low supplies are due to a longer than usual break in production of ammonia, one of the key sources of Europe's food grade CO2. "But, rest assured we are working really hard to keep our products on Britain's shelves". That's bad news right in the middle of a heatwave and the World Cup! But the British Beer and Pub Association says drinkers should "Keep calm and carry on".

Economy Line 3 opponents girding for fight over approved pipeline
Author: 0 Line 3 opponents girding for fight over approved pipeline

Enbridge's stock price closed at $47.00, up $3.10 or just over seven per cent, on Friday on the Toronto Stock Exchange. Enbridge has been able to turn a profit in each of the past five quarters despite its struggles, and with a dividend north of 6%, it's a great long-term buy for investors.

Economy Adidas Data Gets Breach Affecting Millions of Customers
Author: 0 Adidas Data Gets Breach Affecting Millions of Customers

Currently, there is not a lot in the way of information to how the data breach occurred, the impact of the data leak, or indeed the methods the hacker or hackers may have used to get hold of the information. That's why the latest news that clothing brand Adidas compromised "a few million consumers" comes as no real surprise. Adidas said it has "no reason to believe" that credit card information was exposed in the breach.

Economy Saudi king said will boost oil output if needed: White House
Author: 0 Saudi king said will boost oil output if needed: White House

Saudi Arabia is the world's largest exporter of crude oil, exporting 7 million barrels a day. Trump said on Twitter that he asked Salman to increase oil production "to make up the difference.Prices to high!" As for the Saudi side of the request, the Associated Press reports that the state-run Saudi Press Agency released remarks on the matter that did not confirm Trump's claims.

Economy Oil dips but markets remain tight due to disruptions
Author: 0 Oil dips but markets remain tight due to disruptions

Oil traded near the highest level since 2014 after government data showed U.S. crude inventories fell by the most in nearly two years and exports climbed to a record. In Mumbai, petroleum minister Dharmendra Pradhan told reporters that for a "healthy energy mix", India could "get oil from anywhere". Libya briefly saw the outage of about 450,000 bpd of supply because of attacks from militants, combined with the destruction of several oil storage tanks.

Economy Walgreens Boots Alliance, Inc. | $WBA Stock | Shares Tumble Despite Upbeat Earnings
Author: 0 Walgreens Boots Alliance, Inc. | $WBA Stock | Shares Tumble Despite Upbeat Earnings

Walgreens Boots Alliance inc (NASDAQ: WBA ) now has a "Hold" signals on Composite indicators by TrendSpotter. WBA demonstrated a yearly price loss of -22.56%, while its year-to-date (YTD) price performance has been down -17.79%. Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). The company's distance from 52-week high price is -38.29% and current price is above +24.71% from 52-week low price .

Economy Trump Aide: GM's Warning on U.S. Tariffs Is 'Smoke and Mirrors'
Author: 0 Trump Aide: GM's Warning on U.S. Tariffs Is 'Smoke and Mirrors'

It's all part of Ottawa's plan to strike back at the U.S.in response to hefty steel and aluminum tariffs imposed by President Donald Trump several weeks ago. Our approach is that we will not escalate, but equally, we will not back down", Freeland said. Rising trade tension between Canada and the United States and a pushback from USA businesses on further tariffs, including on imported autos, pressured a White House that has championed an "America First" protectionist stance since Trump ...

Author: 0 Donald Trump claims on Twitter that Saudi Arabia will boost oil production

The US president says King Salman agreed, although that claim remains unconfirmed by Riyadh. The world's top oil exporter plans to pump as much as 11 million barrels of oil per day (bpd) in July, after OPEC agreed with Russian Federation and other oil producers to raise output by about 1 million bpd.

Economy Benchmark oil prices rise over 2pc
Author: 0 Benchmark oil prices rise over 2pc

Taking into account the new OPEC decision world oil supply and demand could be more or less balanced at the end of this year, he said. The road to 2018 oil prices has been fairly predictable. It may be that Forbes may have underestimated the supply gaps in the market. Paul Horsnell Head of Commodities Research at Standard Chartered said there could be a further 1.5 million to 2.3m b/d drop by the end of this year just from those three countries.

Author: 0 Trump says Saudi Arabia will boost oil production up to 2M barrels

Saudi Arabia, meanwhile, is planning to pump as much as 11 million barrels per day (bpd) of oil this month, about 1 million more than it is producing now, an industry source told Reuters this week. The average per-gallon price for gas in the United States was $2.85, a jump of 63 cents from a year ago, according to AAA . Outside North America, record demand and voluntary supply cuts led by OPEC have pushed up prices.

Economy End of an era: Toys 'R' Us stores close for good
Author: 0 End of an era: Toys 'R' Us stores close for good

The photo shows the giraffe in an empty Toys "R" Us, holding a suitcase and waving goodbye. After declaring bankruptcy in September, the chain in March sought a bankruptcy court's approval to start closing its 735 us stores, with severance payments coming to a halt during the liquidation.

Author: 0 GM warns on auto tariffs: Customers will feel impact

Global Automakers, which represents auto giants like Honda, Subaru and Toyota , blasted the Trump administration's investigation, saying that the Commerce Department has not spelled out its theory for how imported cars and trucks "are relevant to us national security".

Economy U.S. automakers warn of thousands of job losses from Trump's new tariffs
Author: 0 U.S. automakers warn of thousands of job losses from Trump's new tariffs

Trump told automakers at a meeting in the White House on May 11 that he was planning to impose tariffs of 20 percent or 25 percent on some imported vehicles, and sharply criticized Germany's automotive trade surplus with the U.S. Jackson was reacting to the president's tweet last week, threatening the European Union with auto tariffs if it does not drop its tariffs on certain USA -made products, including bourbon and motorcycles.

Economy Indians' money in Swiss banks rises 50% in one year
Author: 0 Indians' money in Swiss banks rises 50% in one year

The deposits by Bangladeshis in the Swiss banks rose by 20 percent in 2016 from 550.85 million francs the previous year. Jaitley, in a note on Facebook, said that the bank's annual report had led to "misinformed reaction in certain circles raising a query whether the government's anti-black money steps have yielded results".

Economy The UK Is Rationing Beer Because of a CO2 Shortage
Author: 0 The UK Is Rationing Beer Because of a CO2 Shortage

Punch Taverns, which has around 1,300 pubs, said it has had shortfalls of John Smith's and Amstel for nearly a week, with Birra Moretti also now in short supply. "We are now working hard with our suppliers to minimise the impact for our customers". A Heineken spokeswoman said: "We'd like to reassure beer drinkers that all our breweries are operating at full capacity, and we're working 24/7 to get beers to our customers as quickly as possible".

Economy Boeing Reveals Hypersonic Concept
Author: 0 Boeing Reveals Hypersonic Concept

Bigger than a conventional private jet but smaller than a Boeing 737, the sleek beyond-supersonic jetliner portrayed in Boeing's concept design would redline around Mach 5 (five times the speed of sound) at 6,500kph, making it almost three times faster than the legendary Concorde .

Economy Farting Unicorn Artist Says Elon Musk Stinks
Author: 0 Farting Unicorn Artist Says Elon Musk Stinks

Musk responded directly to Prank, attributing the design to Twitter user Nik Jovanovic , who now has the unicorn design as both his profile picture and header image. But then, in March 2017, Musk tweeted an image of the same unicorn, apparently created on Tesla's sketch pad, an easter egg hidden within the new software update for Tesla cars.

Economy China eager to defuse trade pressures
Author: 0 China eager to defuse trade pressures

The Nasdaq and Dow Jones indexes also are poised to open lower. Equity futures signalled a weaker opening for Wall Street, with S&P e-minis down 0.4 percent following sharp losses in Asia and Europe after news the U.S. Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.