Stories about Finance

Aug 15 2018

Turkish President Erdogan Calls for Boycott of American Electronics

U.S. electronics like the iPhone may be banned in Turkey after the country's president declared a boycott Tuesday. Erdogan also said Turkey was boycotting United Stat...

Aug 14 2018

Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

Erdoğan also said that the USA stabbed Turkey in the back, three days after he sought to bolster ties with Russian President Vladimir Putin. "Can such a thing be accept...

Aug 13 2018

Global Stocks Drop Amid Concerns About Turkey

The S&P 500 index slipped after coming within spitting distance of a record high following a four-day rise. The S&P tech sector was up 0.2 percent . Shares of trade-...

Aug 11 2018

European banks plummet amid fears of exposure to Turkish debt

Trump said on Twitter . On March 1 , Trump had announced global tariffs of 10 percent on all aluminum to the US and 25 percent on all steel imports. The collision r...

Aug 10 2018

USA crude stockpiles fall less than expected

US crude stockpiles were expected to have dropped 3.3 million barrels last week. Along with supply risk attributed to over reliance of imported foreign crude, there is ...

Aug 10 2018

Unveiling of provincial buck a beer scheme expected today

The program will see the government-set minimum price of beer drop from $1.25 to $1.00 before tax and deposit. News of buck a beer's return was met with concern fro...

Aug 08 2018

Trump touts effectiveness of tariffs in string of tweets

A dip in auto exports and rising oil prices in June drove the biggest increase in the USA trade deficit in 19 months, reversing much of May's export bonanza, the govern...

Aug 08 2018

Elon Musk tweets about going private and shares 'skyrocket'

Taking Tesla private would certainly qualify. The US Securities and Exchange Commission allows companies to use social media outlets like Facebook and Twitter to ann...

Aug 06 2018

China threatens tariffs on $60 billion in U.S. goods

White House press secretary Sarah Huckabee Sanders says that "instead of retaliating, China should address longstanding concerns about its unfair trading practices ", in...

Aug 06 2018

Oil prices mixed after inventory-fueled spike

According to two officials, the USA hasn't been able to persuade China to reduce Iranian oil purchases, but Beijing has reportedly agreed not to increase its oil imports ...

Aug 05 2018

US employers add 157000 jobs, jobless rate hits 3.9 percent

This refutes the notion that the slower overall gain in jobs for the month reflected the impact of tariffs. The unemployment rate fell one-tenth of a point to 3.9% in J...

Aug 05 2018

UK rates raised to highest since 2009 despite Brexit worries

The Reserve Bank of India (RBI) today hiked the repo rates, or interest rates at which the country's central bank lends money to banks. Benson Hersch, CEO at the ASTL, ...

Aug 05 2018

Iran receives more airplanes ahead of renewed U.S. sanctions

Francis Fannon, the assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, according to a State Department spokesp...

Aug 04 2018

Wall Street eyes more gains from Apple, its $1 trillion stock

Today Apple Inc . surpassed the $ 1 trillion dollar mark in value, showing once again that it is the dominant force when it comes all the companies out there today. St...

Aug 04 2018

Chinese tariffs on LNG, oil aim at USA energy dominance agenda

The threat came a day after Chinese officials appealed for dialogue based on "mutual respect", with Foreign Minister Wang Yi urging the US on Thursday to remain "cool-hea...

Aug 03 2018

Missouri sales tax holiday weekend is around the corner

New Mexico is one of 14 states that offers a tax-free holiday for back to school shopping. Missouri's sales tax holiday weekend is just days away. "The people of OH...

Aug 03 2018

Bank of England hikes interest rates to highest level since 2009

The hike was done by the Monetary Policy Committee (MPC). "Policy needs to walk - not run - to stand still", he said as he explained a new BoE estimate of neutral int...

Aug 03 2018

Apple is officially worth more than $1 trillion

Apple has become the world's first public company to be worth $1 trillion. Wynn Resorts slumped 6.5 per cent after reporting a 14.9 per cent decline in revenues from i...

Aug 02 2018

Tesla reports wider Q2 deficit than expected but predicts Model 3 boost

The all-electric automaker said that it had made $4 billion in auto, battery and leasing revenue during the second quarter of the year, a sharp increase over the same q...

Aug 02 2018

US sanctions two Turkish officials over detention of American pastor

He also said his foreign minister, Mevlut Cavusoglu, would hold talks with U.S. Secretary of State Michael Pompeo on the sidelines of an ASEAN meeting in Singapore. Bruns...