Money

McDonald’s removing artificial additives from its burgers

McDonald’s removing artificial additives from its burgers Going towards a more "health conscious" route, they will be removing preservatives from the ingredients in their burgers (buns, sauces, but not pickles). The restaurant went on to cite that these changes will have a massive impact on American customers based on the high volume of burgers they make a day. [Full Article...]

The Fed Raises Rates Again

The Fed Raises Rates Again Interest rate hikes have sped up under Chairman Jerome Powell in response to a robust economy, which will help curb inflation. He warned that tariffs could lead to higher consumer prices, but he said policymakers don't see that in the numbers just yet. [Full Article...]

Jeff Bezos' Blue Origin to supply engines for Vulcan rocket

Jeff Bezos' Blue Origin to supply engines for Vulcan rocket Amazon CEO Jeff Bezos' Blue Origin has been vying for the contract for the past four years to ensure its next-generation, liquified natural gas-powered BE-4 engines would go on the Vulcan. "We've gone through several hundred seconds of firing, including an over 200-second firing of that engine, so we're feeling very good about its progress and what we're going to be able to deliver to the m... [Full Article...]

'Catastrophic' fuel price rises in the pipeline - AA

'Catastrophic' fuel price rises in the pipeline - AA While South African's were saved from a major fuel hike in September, thanks to government intervention , October promises to raise the petrol price to new highs. Amid the growing unrest, Maharashtra Finance Minister Sudhir Mungantiwar on Wednesday clarified that the state would lose revenue to the tune of Rs 2,200 crore per year or Rs 6 crore per day if it slashes the prices of petrol and d... [Full Article...]

Trump says he rejected meeting with Trudeau over trade fight | DEVSITE

Trump says he rejected meeting with Trudeau over trade fight | DEVSITE During the NAFTA negotiations U.S. Trade Representative Robert Lighthizer has acted as the lead official for the U.S. while Foreign Affairs Minister Chrystia Freeland has filled that role for Canada. Canadian negotiators are still meeting behind closed doors with American counterparts in hopes of hammering out an agreement. Asked to rate the chances of an agreement being reached this week, amb... [Full Article...]

Google becomes crypto-friendly, allows ads for regulated exchanges

Google becomes crypto-friendly, allows ads for regulated exchanges This blanket ban had restricted legitimate cryptocurrency companies from using Google advertising platform and they were also disallowed to serve ads through any of Google's ad products, which places advertising on its own sites as well as third-party websites. [Full Article...]

Elon Musk Is Having a Very Bad Week. So Are Tesla Investors

Elon Musk Is Having a Very Bad Week. So Are Tesla Investors By end of that day, Tesla's stock price had dipped back to pre-tweet levels. Gene Munster , managing partner at venture capital firm Loup Ventures, said the lawsuit adds further distraction at a critical six-month juncture in the company's viability. [Full Article...]

Elon Musk reportedly backed out of SEC deal at the last second

The Silicon Valley billionaire, who within three weeks of the tweets had abandoned the plan to delist Tesla, said overnight he had done nothing wrong and the company's board reiterated its support for him. Some analysts said SEC's action was the beginning of a legal battle with authorities, short-sellers and other investors over Musk's actions that could cost Tesla heavily. [Full Article...]

Facebook says 50 million user accounts affected by security breach

Facebook says 50 million user accounts affected by security breach Facebook's discovery of the hack comes at a hard time for the company, which is still dealing with the fallout from the Cambridge Analytica privacy scandal and the Russian misinformation campaign created to influence the 2016 presidential election. [Full Article...]

Brexiteers back UK-EU free trade plan

Brexiteers back UK-EU free trade plan As ministers gathered at 10 Downing Street the prime minister said she remained confident of securing a withdrawal agreement with the EU. But that is only if Labour's initial demand for another general election is not met, should May be unable to get her Brexit plan through Parliament. [Full Article...]

Tesla building own vehicle carriers to boost deliveries: Musk

Tesla building own vehicle carriers to boost deliveries: Musk After characterizing the building of the Model 3 "production hell", CEO Elon Musk now faces a new dilemma: Delivering the Model 3. With the EV maker under pressure to deliver - on numbers as well as cars - the end of Q3 sees them pushing production, leading to transporters full of Teslas. [Full Article...]

Fed Again Hikes Interest Rates

Fed Again Hikes Interest Rates Interest rates are now in a range of 1.75 percent to 2 percent, and Wall Street forecasters near-unanimously predict Fed officials will increase them to a range of 2 percent to 2.25 percent. If the Fed had left in the reference to accommodative, it would have been a strong sign about more future hikes in order to get to neutral. USA president Donald Trump who opposes higher interest rates was ... [Full Article...]

US, Mexico ready to sign new NAFTA without Canada

US, Mexico ready to sign new NAFTA without Canada Trump said he told Mexico that the U.S. has to "keep companies", but Mexico is also getting a lot in the new U.S. -Mexico trade deal. "The leaders exchanged points of view on the process of renegotiation of NAFTA ", said Sanchez. -Mexican deal might form the basis of a three-nation pact. Malmstrom reacted strongly to the suggestion that the US administration is attempting to bully Freeland ... [Full Article...]

Fox to sell Sky stake to Comcast

Fox to sell Sky stake to Comcast It follows the dramatic Saturday auction, which saw Comcast win a three round bidding process with an offer of £17.28 per share, valuing Sky at almost £30bn. Disney said on Wednesday that it would "expand" its streaming plans, which include the ESPN+ sports service and a Disney-branded competitor to Netflix Inc. [Full Article...]

Connect The Dots: Trump Praises India As It Cuts Iran Oil Import

Saudi Arabian Energy Minister Khalid al-Falih said on Sunday he does not influence oil prices, after Trump called on OPEC to bring down the cost of fuel. Crude oil is off of recent highs with WTI crude barrels back into the 72.00 level after peaking at 72.72, driven higher by incoming United States sanctions on Iran and concerns about immediate supply being able to cover the loss of Iranian produ... [Full Article...]

Trump says he’s ‘not happy’ about Fed rate hike

But Fed Chairman Jerome Powell said the central bank was hearing a "rising chorus" of concerns from businesses around the country about uncertainty and rising costs, but that the myriad trade conflicts had yet to significantly weigh on United States economic data. [Full Article...]

Iran says Trump is why oil prices are now so high

According to Mr. Jaeggi, "We're on the verge of some significant volatility in Q4 2018 because depending on the severity and duration of the Iranian sanctions, the market simply does not have an adequate supply response for a 2 million barrel a day disappearance of oil from the markets". [Full Article...]

PM Trudeau gives Canada's NAFTA-talks nemesis a gentle nudge

The U.S. reached an agreement with Mexico to overhaul NAFTA last month and is now pushing Canada to sign on. The U.S. and Canada remain in "near-continuous negotiations", Trudeau said, adding that his foreign minister - who is leading the NAFTA file - will address the United Nations on Friday, signaling there won't be a last-minute bargaining push that day in Washington. [Full Article...]

Oil could rise to $100 by year-end, merchants warn

Oil could rise to $100 by year-end, merchants warn Oil at US$100 may not be sustainable in the longer-term because demand may be threatened by the U.S. US Secretary of State Mike Pompeo has said Washington may grant waivers for major importers of Iranian crude but it still expects them to ultimately comply with the sanctions. [Full Article...]

Why Michael Kors scored with its Versace acquisition

Why Michael Kors scored with its Versace acquisition John D Idol, Chairman and Chief Executive Officer of Michael Kors Holdings Limited, said that the acquisition of Versace is an important milestone for their company. The family-run business was thrown into chaos with Versace's murder 21 years ago. But the designer, whose bold designs were embraced by Madonna and other mega-celebrities, was the victim of a freaky slaying in 1997 by luxury... [Full Article...]


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