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The Fed Raises Rates Again

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Australia's S&P ASX 200 added 0.1 percent to 6,192.30. The Dow Jones industrial average fell 106.93, or 0.4 percent, to 26,385.28, and the Nasdaq composite lost 17.11, or 0.2 percent, to 7,990.37. Although the Fed has been revising up its real GDP forecasts-to 2.8% from 2.1% for 2018, and 2.4% for 2019-it has maintained its subdued 1.8% median estimate of longer-run potential growth. Read More »

Oil eases, but Iran sanctions keep Brent above US$80 a barrel

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Brent Crude oil is trading at $81.89, WTI at $72.36 and natural gas at $2.97 per million BTU (at 11:38, 27 September 2018, South Africa). “Markets could still be underestimating the supply crunch from Iran sanctions, ” he added. Major oil trading houses fear the return of $100 crude oil in the upcoming three months. Saudi Arabia leads OPEC oil cartel and Russian Federation is the biggest oil produces outside the group. Read More »

Cryptocurrency XRP is leading price increase as Ripple looks to new launch

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Yes, the "flippening" occurred with XRP and ETH , but that flippening has since been reversed, and XRP is back in the #3 position. There are a good number of reasons why XRP is struggling with its value. Users can know accept XRP on youtube and Twitch through 'Coil' . Ripple Labs is set to hold its Swell conference on from 1 - 2 October in San Francisco. Read More »

Australia's needle-in-strawberry scare widens

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New South Wales police said the Love Berry, Delightful Strawberries and Oasis brands may also have been contaminated. A man in Queensland posted on Facebook that his friend had swallowed half a sewing needle after eating a strawberry from Woolworths on September 9 and had to go to hospital suffering from "severe abdominal pain". Read More »

Irish border highlights differences that remain between Britain, EU on Brexit deal

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German Chancellor Angela Merkel said "there can be no compromises on the Single Market" and said "substantial progress" was still needed on the UK's Brexit plans. May was also set an October deadline for a solution on the Irish border issue just hours after informing Leo Varadkar, the Irish taoiseach, in a private breakfast meeting that she felt it would be impossible to come to a compromise within such a timescale. Read More »

Benalla tente de se disculper mais sans convaincre totalement — Sénat

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Concernant le port d'armes , Alexandre Benalla semble assumer et avoue avoir effectué une demande personnelle afin d'en avoir une, dans le but de se protéger lui, du fait de sa fonction. Précisant qu'il avait été major de sa promotion à la préparation militaire gendarmerie dans l'Eure, Alexandre Benalla " qui a servi son pays depuis l'âge de 18 ans ", a effectué 300 jours de réserve, a appris à tirer dans la réserve ainsi que dans un club de tir sportif. Read More »

Apple Watch, AirPods may be spared from Trump’s China tariffs

Bloomberg news, siting five unidentified sources, said a product code that covers the Apple Watch , AirPods, and HomePod smart speaker, is not listed among some $200 billion in Chinese products subject to a new 10 percent tariff expected to be announced later this week. Read More »

United States imposes new $200bn tariffs on China

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President Donald Trump said the latest round of tariffs was in response to China's "unfair trade practices, including subsidies and rules that require foreign companies in some sectors to bring on local partners". Trump is due to make the announcement after the close of US stock markets, where major indices were already sinking sharply in anticipation of what could be a major escalation in the US-China trade conflict. Read More »

U.S. imposes new $200bn tariffs on China

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On the futures markets, the ASX futures are pointing to a 4 points fall. The US is imposing new tariffs on $200bn (£150bn) worth of Chinese goods as it escalates its trade war with Beijing. The president has described the tariffs as leverage in negotiating Chinese policy changes with Chinese President Xi Jinping. Separately, one of China's most prominent figures in global finance says Beijing should press Washington to end their tariff battle by clamping down on exports of goods ... Read More »

Companies Are Warned Over Rising Number of Young Vapers

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During the 60-day waiting period, the FDA plans to investigate the five companies' marketing and sales practices, with possible "boots on the ground inspections", Gottlieb said . The FDA said it has sent more than 1,100 warning letters to stores for the illegal sale of e-cigarettes to under-age vapers and issued fines to another 131 shops. Read More »

Apple says China tariffs would hit Apple Watch, Air Pods

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President Trump said Friday that he has another $267 billion in tariffs ready to slap on China, calling his testy relationship with that nation "a far bigger problem" than dealing with Russian Federation right now. "I think the president has reasonable political support among the electorate and his own base for action against China", said Scott Miller, a trade scholar at the Center for Strategic and International Studies in Washington . Read More »

Goldman Sachs pulls back on bitcoin trade plans

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Still, Edward Morra, a widely recognized technical analyst in the crypto community, has said that Bitcoin and the rest of the market are still on a clear downtrend. Since that moment, ETH lost 84%. However, regulators across the world have been intensifying their scrutiny of initial coin offerings (ICOs) and cryptocurrency exchanges. Read More »

Elon Musk smokes weed on Joe Rogan podcast

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Elon Musk managed to send shares in Tesla tumbling by 7% after he was filmed smoking marijuana during the recording of a podcast . At the same time that a video of Musk's wacky weed affair was going viral, reports surfaced that two top execs at the embattled electric-car maker abruptly departed. Read More »

Quick Quotes about the US-Mexico trade agreement and NAFTA

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That's not going to be enough of a tax to get companies to move an assembly plant to the USA from Mexico, but it'll raise the price of vehicles, said Michelle Krebs, a senior analyst with AutoTrader. Louis. "I think they're going really well", Trump said about the Canada talks, which are "probably on track" to meet the Friday deadline. He even added later in the day that he had "just signed a trade agreement with Mexico", which can not happen without the United States first nixing NAFTA. Read More »

Kudlow says Trump will force Canada’s hand on trade, here’s how

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Trump then dangled the possibility of imposing harsh auto tariffs to punish Canada . Tell that to the Big Three, or Honda and Toyota in Ontario, or to parts suppliers like Linamar and Magna. "Canada shouldn't have a problem signing on to this", Ashworth said. Others weren't so sure. But suddenly the heat seems to be on to have Canada sign a new NAFTA deal by the end of the week. Read More »

4 takeaways from the U.S.-Mexico trade deal

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Shares in companies that benefit from trilateral trade gained on Monday. "We are very interested in this being an agreement of three countries", said president-elect Andres Manuel Lopez Observador. "While any news of progress on restoring Nafta certainty is reassuring for American farmers, there are questions that remain on the nature of a final deal", Brian Kuehl, the organisation's executive director, said in a statement . Read More »

Trump Making Oval Office Announcement at 11 as NAFTA Deal Looms

The deal helped the Nasdaq Composite rise 0.6 per cent after the opening bell, sending it above 8,000 for the first time, and auto firms also saw shares rise. The textile industry, however, said it has concerns with what it has heard about the deal so far, specifically the potential that sewing thread, pocket fabric, elastic bands and coated fabric would also have to meet North American rules of origin. Read More »

U.S., Mexico reach NAFTA deal; talks with Canada to start immediately

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For that to happen, the US Congress must be notified 90 days in advance. Senior administration officials also made clear on a call with reporters Monday afternoon that they were still pursuing a revised NAFTA trade agreement, though they maintained the possibility of a bilateral deal between the U.S. Read More »

Harris: Trump pardon of Manafort would be evidence of a crime

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How many times can the president of the United States get on television and, in his rambling "defense", explain the exact reason that what he did was a crime? Cohen on Tuesday pleaded guilty to eight criminal charges of tax evasion, bank fraud and campaign finance violations . Read More »

Australian PM's tenure looks doomed; leadership crisis suspends parliament

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Mr Dutton confirmed he was sounding out support for a second challenge, telling radio station 3AW: "I am not going to beat around the bush on that, I am speaking to colleagues". "[If a spill motion] is carried and there is a new leader of the Liberal Party, that person will have to obviously satisfy the Governor-General that they can command a majority on the floor of the House of Representatives", he said. Read More »

Trump says ex-lawyer's hush payments 'not even a campaign violation'

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One tweet specifically referenced the trial of Paul Manafort , Trump's former campaign chairman, who was convicted of eight financial crimes on Wednesday in a case stemming from the Russian Federation probe. He did not bring up either of his former associates. After first denying that he knew anything about the payments, Mr Trump earlier this year acknowledged that he reimbursed Mr Cohen for payments he made in late 2016 to Stormy Daniels , an adult-film actress whose real name is ... Read More »

White House: tariffs imposed on Turkey's steel not related to Brunson

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The declaration comes as a trade war between the United States and Turkey has caused the Turkish currency, the lira, to plummet over the past few days, sending shockwaves throughout global markets. On Monday, the USA president signed a defense authorization act that notably prohibits the delivery of F-35 Joint Strike Fighter aircraft to Turkey if it buys Russia's S-400 air defense system. Read More »

Turkey doubles tariffs on some US imports over economy 'attacks'

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Turkey is now in the middle of a severe financial crisis with the collapse of its currency in recent days. Turkey's exports to the United States previous year amounted to $8.7 billion, making it Turkey's fifth-largest export market. Crisis averted - or has it just been deferred? Brunson has lived in Turkey for 23 years, but his case has been taken up as a cause for the USA government. Read More »

Turks Break iPhones into Pieces in Response to Erdogan’s Call

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Turkish business groups are begging President Recep Tayyip Erdogan to make amends with the U.S.in an effort to save the Turkish economy, the Financial Times reported . Investors are also anxious about the effects of the dispute between two North Atlantic Treaty Organisation allies. "Significantly more than just official promises of action are needed to exit the current crisis", said Andy Birch, principal economist at IHS Markit, calling for "a sharp central bank rate rise". Read More »

Did Donald Trump use the N-word?

Manigault Newman got some backup on the N-word tape from fellow former Apprentice contestants Penn Jillette and Tom Arnold, and she also released a secret recording of Trump campaign officials talking about how to respond to a tape of Trump saying the N-word. Read More »

Turkey to raise tariffs on US goods

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The U.S. administration's policy does not only target the countries' economies but also the global economic equilibrium, harming its own interests, Kalın said . President Erdoğan said Tuesday that Turkey will impose a boycott against US electronic products amid an ongoing and deepening rift between the two North Atlantic Treaty Organisation allies over a number of issues. Read More »

Dollar rises to 13-month peak on anxiety over Turkey

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He said: "If they have the iPhone, there is Samsung elsewhere". Erdogan says Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency . "It's purely technical and Turkey needs a complete rebalancing of its economic business plan, and very sharp rate hikes and a strong commitment that the central bank will be independent", Credit Agricole's senior emerging markets strategist Guillaume Tresca told ... Read More »

Turkish president says country will boycott iPhones

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Turkey's president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott US-made electronic goods. Speculators, sensing an opportunity to make a quick profit, have piled into the market, "shorting" the lira and the Turkish stock market, that is, betting that they will fall further. Read More »

Turkish Finance Chief Says ‘Action Plan’ Set To Ease Market Turmoil

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Why are Turkey and the U.S. at odds? Erdogan has been repeatedly photographed with Apple products including the iPhone and iPad. "The energy complex is being increasingly jostled by fresh daily headlines that don't necessarily have much effect on current supply or demand on a short term basis but could dramatically affect oil balances when looking down the road just a few months", he said. Read More »