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Stories about Money

Jul 11 2018

Tesla to open factory in Shanghai with annual capacity of 500,000 cars

Tesla and the Shanghai government have reached a preliminary agreement to establish a Tesla factory over there. Chief Executive Officer Elon Musk sealed a crucial ...

Jul 08 2018

Oil price soon to reach $100 per barrel

Brent for September settlement lost 20 cents, or 0.2 per cent, to US$78.04 a barrel on the London-based ICE Futures Europe exchange, after gaining 48 cents yesterday. Uni...

Jul 06 2018

US tariffs take effect, China warns of 'counterattack'

China has vowed to respond with retaliatory tariffs but Beijing said yesterday it would wait to see if Trump followed through on his July 6 deadline first. He warne...

Jul 04 2018

Canada hits $13 billion of U.S. goods with new tariffs

Today is the first day that Canada's retaliatory tariffs against U.S. steel, aluminum and other products went into effect. Canada and Mexico have the additional chall...

Jul 04 2018

Several Americans spent Canada Day apologizing to Canadians for Trump

Trump enraged Canada and other United States allies by declaring imported steel and aluminium a threat to America's national security. Ottawa "had no choice but to...

Jul 02 2018

Saudi King made no promises on oil production despite Trump's request

Iran has accused Trump of trying to politicize OPEC and said it was USA sanctions on Iran and Venezuela that had helped push up prices. "If we take 2 million barrels of...

Jul 01 2018

Amazon Wants to Foster Small Independent Delivery Fleets

This new last-mile delivery program is in addition to Amazon Flex , a delivery program in more than 50 USA cities that operates similarly to Uber or Lyft , with t...

Jun 28 2018

Turkey votes in pivotal test for Erdogan

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan confirmed in a phone conversation on Monday their mutual interest in boosting partnership ...

Jun 28 2018

Trump threatens Harley over move to Thailand

The Milwaukee-based company said earlier this week that it will move production of motorcycles shipped to the European Union from the U.S. to its global facilities. Tru...

Jun 26 2018

Erdogan declares victory in Turkish polls as opposition cries foul

The Turkish Parliament will legislate and have the right to ratify or reject the budget. "The polls vary, but one thing in common in majority is that Erdogan can not wi...

Jun 26 2018

Trump attacks Harley-Davidson after tariffs prompt production move

In response, most of its production for bikes sold in the European Union will be moved to Europe. The EU's tariffs were a direct response to the Trump administrati...

Jun 26 2018

Is Turkey Still a Democracy? Erdogan Assumes New Powers

Erdogan's ruling party and its nationalist ally also appeared to secure a majority in the legislature, based on unofficial results published by both the state-run news ...

Jun 24 2018

OPEC strikes deal to boost oil production

Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna , Austria, June 22, 2018. Questions over the future of OP...

Jun 23 2018

Trump threatens 20 percent tariffs on European Union cars

The decision to expand the Trump administration's trade disputes to foreign auto manufacturers has come under fire from some in the US Congress, as well as many business ...

Jun 22 2018

Sales-Tax Ruling Poised to Hit Small Businesses Hard

South Dakota's case was supported by 35 states and the federal government and saw the Supreme Court undo a 1992 ruling in which it had held that the mail-order compa...

Jun 22 2018

Supreme Court Rules States Can Require Sales Tax for Online Purchases

It's clear that the court's decision will mean extra cash for states . The Supreme Court's ruling was praised by a number of retail groups, organizations represe...

Jun 22 2018

Amid Trade War, Donald Trump Says US "Rebuilt" China

China doesn't import enough goods from the U.S.to match the scale of Trump's proposal but could adopt other methods. Analysts warned that the risks are growing of an in...

Jun 20 2018

The burgeoning US-China trade war has entered a new phase

He notes that the US imports more from China than China imports from the U.S. The statement from Trump on Monday said that China's response showed that Beijing...

Jun 18 2018

Comey used personal email to conduct Federal Bureau of Investigation business

Onetime FBI attorney Lisa Page and current special agent Peter Strzok did not intend to leave for posterity a rich account of their thoughts and feelings as they lived ...

Jun 18 2018

2 sheriff's deputies shot -- 1 fatally -- at Kansas City court building

Video from a woman who was inside one of the courtrooms shows the chaos that followed the shooting, first responders arriving to help the deputies, and a woman lying o...