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Business

April 8, 2018: Kinder Morgan Canada suspends non-essential spending on the Trans Mountain expansion project and sets a May 31 deadline to reach agreements with stakeholders. "We were certainly complaining bitterly about that", he said. "We would like to see this project start construction as soon as possible, see it through to fruition so that we can access other markets with our western Canadian oil and provide the opportunity to narrow that price differential that Saskatchewan is ...
  • Trump dents hopes for China trade deal after agreement with Mexico

    Trump dents hopes for China trade deal after agreement with Mexico

    Business

    President Donald Trump on Monday moved to rename NAFTA the United States-Mexico Trade Agreement, calling it a "much simpler, much better" replacement for a trade deal he has criticized for years. Officials said they hope Canada will agree to the terms by Friday, when the White House plans to formally notify Congress that Trump will sign the deal in 90 days.
  • Tesla wins dismissal of shareholder lawsuit over Model 3 production

    Tesla wins dismissal of shareholder lawsuit over Model 3 production

    Business

    Tesla shares tumbled more than 4 percent Monday after the electric vehicle maker said it was hitting the brakes on CEO Elon Musk's idea to take the company private - and reports that Volkswagen was among the interested investors. Musk and Tesla could hold off on any fundraising plans for the time being, in part tapping capital markets would contradict Musk's comments about Tesla being adequately funded, investment bankers who are not working for the company said over the weekend.
  • Canada re-enters NAFTA talks with 'little' bargaining power

    Canada re-enters NAFTA talks with 'little' bargaining power

    Business

    USA trade officials described the agreements reached over the weekend with Mexico as a big improvement over the current free trade pact between the three countries. "Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement". And 40 to 45 percent of the auto must be made by workers earning at least $16 per hour.
  • Iran’s case against U.S. sanctions opens at top United Nations court

    Iran’s case against U.S. sanctions opens at top United Nations court

    Business

    Tehran alleges that the sanctions breach a 1955 bilateral agreement known as the Treaty of Amity that regulates and promotes economic and consular ties between the two countries. Sanctions were lifted in return for Iran committing not to pursue nuclear weapons. The ICJ is expected to take a couple of months to decide whether to grant Tehran's request for a provisional ruling.
  • As Trump goes low, Fed goes high

    As Trump goes low, Fed goes high

    Business

    Oil prices surged nearly 2 percent on signs that sanctions on Iran may limit global supply and that a trade war may not curb China's appetite for US crude. "Any mention of recent turbulence in the emerging markets may also provide the risk asset markets with some relief". Federal Reserve Chairman Jerome Powell's "dovish remarks" at an annual conference of central bankers provided a little more comfort for investors with its positive outlook for the USA economy, said Patrick Blais, senior ...
  • Verizon to stop imposing data restrictions on firefighters battling California fires

    Verizon to stop imposing data restrictions on firefighters battling California fires

    Business

    As of yesterday, we removed all speed cap restrictions for first responders on the west coast and in Hawaii to support current firefighting and Hurricane Lane efforts. "We are reviewing the situation and will fix any issues going forward", it said. The firefighters are now trying to control and put out the Mendocino Complex Fire , which has become the largest wildfire in the state's history.
  • Oil edges up on Iran sanctions, but US-China row mutes trading

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

    Business

    This was taken from the government's Strategic Petroleum Reserve. The majority of crude oil imported into the Houston-Galveston port district comes from Mexico, South America, and the Middle East . The sufficient supply of West African crude cargoes has been limited by a slowdown in oil demand from Asia, having little to no effect on global oil prices.
  • Wall St. end mixed as S&P marks longest bull run

    Wall St. end mixed as S&P marks longest bull run

    Business

    During the day's trading session, the S&P 500 topped its previous high of 2,872.87, which it reached in January. "There are conflicting views", Kurt Spieler, the chief investment officer of wealth management at First National Bank of Omaha , said.
  • China shipowners stop hauling Iranian crude as U.S. sanctions near

    China shipowners stop hauling Iranian crude as U.S. sanctions near

    Business

    The US crude was on track for its seventh consecutive weekly decline and global benchmark Brent was set to drop for a third week, as reported by Reuters . Meanwhile, investors are also awaiting trade talks between China and the United States, and Federal Reserve chairperson Jerome Powell's speech later this week.
  • Google Pixel 3 XL live images, camera samples, and new specs leaked

    Google Pixel 3 XL live images, camera samples, and new specs leaked

    Business

    The feature that first made it on the HTC U11 gives users a unique way to interact with their devices. Recently, the Pixel 3 XL was spotted by a user on public transit, giving a glimpse of the device before its release. One of the most information that can be gleamed off the images is the fact that Google has opted for a rather odd camera setup on the Pixel 3 XL .
  • China Trade War Escalates as New Tariffs Kick In

    China Trade War Escalates as New Tariffs Kick In

    Business

    U.S. President Donald Trump has threatened to put duties on nearly all of the more than $500 billion in Chinese goods exported to the United States annually unless Beijing agrees to sweeping changes to its intellectual property practices, industrial subsidy programs and tariff structures, and buys more U.S.
  • Sears Store At Eastland Mall To Close

    Sears Store At Eastland Mall To Close

    Business

    Another 44 stores also will call it a day nationwide as Sears continues to try to streamline operations, according to a company statement . The closings detailed this week are in addition to the 78 store closings identified by Sears Holdings since May as the department store chain tries to stem losses and slowing sales.
  • Michael Cohen now has a GoFundMe-and people are roasting it

    Michael Cohen now has a GoFundMe-and people are roasting it

    Business

    Cohen's lawyer Lanny Davis said, "If those payments were a crime for Michael Cohen , then why wouldn't they be a crime for Donald Trump? ". He continued that this information was regarding "knowledge of a conspiracy to corrupt American democracy by the Russians and the failure to report that knowledge to the Federal Bureau of Investigation".
  • Dollar dented by Trump's Fed comments

    Dollar dented by Trump's Fed comments

    Business

    Bloomberg reported on the story while noting that three different people cited the President's private remarks. "I'm not thrilled with his raising of interest rates, no". "And to the extent it becomes politicized, like unfortunately so many other things around here have over the past year and a half, that would be a very negative place for our country to go", Corker said.
  • Australian PM offers to call second leadership vote

    Australian PM offers to call second leadership vote

    Business

    Shorten said the "cannibalistic behavior" over the Liberal leadership was eating the government alive. Former defence minister Kevin Andrews, a conservative ally of former prime minister Tony Abbott , last night accused Turnbull of "trashing convention" by forcing MPs to put their names to the spill in a departure from the secret ballots of the past.
  • Iran says French oil company has withdrawn

    Iran says French oil company has withdrawn

    Business

    The sanctions will cover Iran's purchases of USA dollars, its trade in gold and precious metals, and its automotive sector. The European powers, China and Russian Federation say they will do more to encourage their businesses to remain engaged with Iran.
  • US President Trump takes aim at Federal Reserve for rates hike

    US President Trump takes aim at Federal Reserve for rates hike

    Business

    The other countries are accommodated". "There is speculation in the air over South Africa's central bank potentially raising interest rates, especially when considering how inflation has jumped to its highest level in ten months - to 5.1% - in July", Lukman Otunuga, a research analyst at FXTM said .
  • United States to continue its 'steady cost-imposition' policy until Russian Federation changes course

    United States to continue its 'steady cost-imposition' policy until Russian Federation changes course

    Business

    In particular, he warned, Russian Federation has been rallying and supporting, financially and organizationally, groups on the far left and far right "that stood for really heinous and disgusting causes". In addition, they recalled that the administration had expelled 60 Russian spies and closed Russia's consulates in San Francisco and Seattle. Still, some lawmakers and other officials are concerned Russia's behavior is not changing quickly enough.
  • Rapper Post Malone aboard jet attempting emergency landing

    Rapper Post Malone aboard jet attempting emergency landing

    Business

    The plane, a Gulfstream Aerospace GLF-4 aircraft, was being diverted to Westfield-Barnes Regional Airport in MA, a Federal Aviation Administration official told ABC News. The Gulfstream IV jet took off from Teterboro Airport in New Jersey and according to the pilot speaking to the ground crew now has 16 people aboard.
  • Jon Stewart helps rescue two goats found roaming on Brooklyn subway tracks

    Jon Stewart helps rescue two goats found roaming on Brooklyn subway tracks

    Business

    Two goats are roaming along the N line tracks in Brooklyn on Aug 20, 2018. As a result, N trains were temporarily running on the D line in both directions between 36 St (Brooklyn) and Coney Island Stillwell Av. The sanctuary says the goats are males and have been named Billy and Willy. Metropolitan Transportation Authority (MTA) officers with the aid of the New York City Police Department ensured the safety of the animals by removing the goats from the tracks.
  • Airport Forced to Use Whiteboard to Prevent Total Travel Mayhem

    Airport Forced to Use Whiteboard to Prevent Total Travel Mayhem

    Business

    Footage on social media showed staff writing out the flight status of each flight and rubbing them off as updates came in . Gatwick Airport is using whiteboards to display flight information following an IT failure. "This is a top priority for us", it said. "Gatwick would like to apologise to any passengers affected and expects Vodafone to resolve the issue as soon as possible", Gatwick, London and Britain's no.2 airport behind Heathrow, said in its statement.
  • PepsiCo to buy SodaStream for $3.2 billion

    PepsiCo to buy SodaStream for $3.2 billion

    Business

    SodaStream Chief Executive Daniel Birnbaum said the deal would open new markets to his company through PepsiCo's global distribution and marketing network, adding that the company would keep its operations in Israel. The New York-based group will fund the deal with cash on hand. Nooyi said SodaStream is an extraordinary company offering consumers the ability to make great-tasting beverages while reducing the amount of waste.
  • Flushing contact lenses contributes to water pollution, study says

    Business

    First, contact lenses are transparent, which makes them hard to observe in the complicated milieu of a wastewater-treatment plant. Mr Kelkar said: 'When the plastic loses some of its structural strength, it will break down physically. But you might not have realized that even the smallest pieces of plastic, like contact lenses for example, can be a part of the problem. The study's authors, all of whom are from Arizona State University, told The New York Times that they interviewed ...
  • Shots fired at USA embassy in Turkey

    Shots fired at USA embassy in Turkey

    Business

    The U.S. Embassy in Turkey was shot at from a moving auto before dawn on Monday, an attack that came during heightened tensions between the two North Atlantic Treaty Organisation allies. Christian pastor, Andrew Brunson. The Turkish Police has launched an investigation into the attack and its perpetrators. Police were searching for the attackers who went on the run after the shooting.
  • Tesla Stock Drops; Musk Under Fire

    Tesla Stock Drops; Musk Under Fire

    Business

    Is there someone who can do the job better? "They can have the reins right now", stated Musk. "We would like to make clear that Elon's commitment and dedication to Tesla is obvious", Tesla said in a statement . "I thought the worst of it was over - I thought it was", he said. The latest news extended the roller-coaster ride for Tesla investors in recent days, adding to uncertainty about the future course of the company and whether a deal can be done amid growing regulatory ...
  • Trump asks SEC to look into practicality of corp

    Trump asks SEC to look into practicality of corp

    Business

    President Donald Trump asked the U.S. Securities and Exchange Commission (SEC) to look into the possibility of companies filing half-year earnings report as opposed to the current quarterly earnings reports they file. Quarterly financial reports are a staple of US corporate practice. One of the reasons Tesla CEO Elon Musk wants to take his company private , he told his employees last week, was the way quarterly reports distort decisions at the company.
  • Grappling with tweet aftermath, Musk acknowledges exhaustion

    Grappling with tweet aftermath, Musk acknowledges exhaustion

    Business

    Despite approaching Facebook's Sheryl Sandberg earlier, Musk denied that Tesla is now trying to fill the position. Musk is giving us a better picture of the toll this has all taken on him. Short-sellers have always been a thorn in Musk's side. "This past year has been the most hard and painful year of my career", Musk told the Times .
  • SEC moving in on Tesla and Elon Musk with subpoenas

    SEC moving in on Tesla and Elon Musk with subpoenas

    Business

    Theories about a potential SEC investigation have been circulating since Musk's tweet and corresponding blog post last week which both suggested that funding had been lined up to take Tesla private. The subpoena came after Musk's tweet, "funding secured". Multiple lawsuits have been filed by investors claiming Musk's tweets manipulated Tesla's stock price to ambush short sellers, according to Bloomberg .
  • U.S. prepared to add sanctions on Turkey if pastor not released

    U.S. prepared to add sanctions on Turkey if pastor not released

    Business

    Rattled markets ended a rollercoaster week on the back foot after the Turkish lira's recovery suffered a setback with tensions mounting with the US. Mr. Trump is taking issue with the continued detention in Turkey of Andrew Brunson, an American evangelical pastor who faces 35 years in prison on charges of espionage and terrorism.
  • China announcement of trade talks come as a relief to world markets

    China announcement of trade talks come as a relief to world markets

    Business

    Escalating tensions on trade between the United States and some of its largest trading partners had driven traders to sell emerging market currencies and take to the safety of the US currency. But some economists have called for more decisive moves. Debt rating downgrades typically mean higher borrowing costs as investors demand steeper interest rates to take on riskier debt.
  • USA threatens more Turkey sanctions if pastor not freed

    Business

    A US dollar banknote is seen on top of 50 and 100 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018. "Working with you, we have more that we're planning to do if they don't release him quickly". Turkish sovereign dollar bonds fell , while the cost of insuring exposure to Turkish debt rose. "Korea we thought was all noise [.] so we bought back on that" said David Vickers, senior portfolio Manager at Russell Investments.
  • More US sanctions for Turkey if they don't obey

    More US sanctions for Turkey if they don't obey

    Business

    Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation. The sanctions , she explained, would block "any property or interest in property of both ministers within USA jurisdiction ...
  • China files WTO challenge to USA tariffs on solar panels:The Asahi Shimbun

    China files WTO challenge to USA tariffs on solar panels:The Asahi Shimbun

    Business

    China has accused the United States of severely distorting the renewable energy market as trade tensions escalate between the world's two largest economies. In response, South Korea, one of USA major sources of washing machine imports, said it will "actively respond to US trade protectionism". China's solar power manufacturers could face a wave of closures after the country's state planning agency announced plans to cap new capacity additions at just 30 gigawatts this year, down from a ...