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News & Updates

July 9, 2019 Trump’s Tariffs Are Reshaping the US Steel Industry

Source: Market Realist

Last year, President Trump slapped a 25% tariff on US steel imports. The Department of Commerce’s investigation determined that steel imports are a threat to US national security. The tariffs were imposed under Section 232 of the...

July 9, 2019 European stocks trade lower after BASF auto warning; Deutsche Bank falls a further 5.6%

Source: CNBC

European stocks traded lower Tuesday as a warning of an autos slowdown from German chemicals giant BASF dragged down autos and chemicals companies.

July 9, 2019 Coffee prices jolted by unexpected frost in Brazil

Source: Seeking Alpha

Arabica coffee futures rose to a seven-month high earlier today after frost damaged crops in some of the main growing regions in Brazil over the weekend. The frost wave atypically hit coffee plantations in the southern region of...

July 9, 2019 Kohl's Says Processing Amazon Returns Is Its 'Single Biggest Initiative' in 2019

Source: Gizmodo

Retail chain Kohl started a program to accept unwanted Amazon returns at all 1,150 of its stores in April, and it looks like it’s rolling the dice on it big time now that a limited test period has concluded.

July 8, 2019 VW to deepen alliances with battery suppliers for electric push

Source: Reuters

LEIPZIG, Germany - Volkswagen (VOWG_p.DE) will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan...

July 8, 2019 For most Americans, $1.7 million is the magic retirement number

Source: CNBC

On average, Americans believe they need $1.7 million to retire, according to a recent survey from Charles Schwab, which looked at 1,000 401(k) plan participants nationwide.

July 8, 2019 As Tesla Hits a New Delivery Record, Is the Worst Over?

Source: Yahoo Finance

On Tuesday afternoon, it followed through, reporting a quarterly record for deliveries. It increased its order backlog during the quarter as well, indicating that order activity has bounced back from a weak start to 201

July 8, 2019 Farmers sue Monsanto, Bayer over use of Roundup pesticide

Source: Chronicle Herald

Two farmers have filed a proposed class-action lawsuit against Monsanto and Bayer on the use of Roundup, a commonly-used weed killer.

July 8, 2019 Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul

Source: CNBC

Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability.

July 5, 2019 Strong job growth is back: Payrolls jump in June well above expectations

Source: CNBC

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken....

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