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News & Updates

October 1, 2018 China to cut import tariffs on wide range of products

Source: Yahoo/Reuters

BEIJING - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday. Beijing has pledged to take steps to...

October 1, 2018 Jeremy Hunt warns EU a bad Brexit deal will stir Britain's 'Dunkirk spirit'

Source: Telegraph

The Foreign Secretary has warned the EU that it will stir Britain's “Dunkirk spirit” if it tries to force a bad Brexit deal on Prime Minister Theresa May.

October 1, 2018 Tesla Is ‘Very Close’ to Profitability, Musk Says in Staff Email

Source: Bloomberg

Elon Musk told Tesla Inc. employees that the company was on the cusp of making money, hours after he and the carmaker reached a settlement with the U.S. that steps up oversight of the chief executive officer’s communications of...

October 1, 2018 6 Months Before Brexit, Many in U.K. Fear ‘It’s Looking Very Grisly’

Source: NY Times

LONDON — When Theresa May appears on stage at the Conservative Party’s annual meeting this week, it will take all her determination to drown out the ticking of an invisible clock.

October 1, 2018 Canada and US reach deal to replace NAFTA

Source: CNBC

The new deal has been deemed the USMCA — the United States-Mexico-Canada Agreement — the official said, and the text would be made available to the parties involved within hours of the agreement.

October 1, 2018 SEC’s focus on U.S. corporate bosses pays off with Musk settlement

Source: Reuters

NEW YORK/WASHINGTON - A high-profile settlement with Tesla Inc Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law...

September 30, 2018 UN body's crucial report on global warming impacts in October

Source: Yahoo! India News

New Delhi, Sep 30 (IANS) Experts from around the world will gather in South Korea from Monday for the 48th session of UN body Intergovernmental Panel on Climate Change (IPCC) to consider a special report on global warming of 1.5...

September 28, 2018 Cryptocurrency’s open secret: Its multibillion-dollar transaction volume is suspect

Source: South China Morning Post

Many market participants say they suspect these fast-growing exchanges are either offering incentives that encourage users to inflate volumes, or not doing enough to stop abuse on their platforms. One red flag at BitForex: Its...

September 28, 2018 Payday loan victims bilked by former racecar driver to receive $505M

Source: CBS News

More than a million victims of an online payday lender called AMG Services will get refunds totaling $505 million, the Federal Trade Commission said Thursday, the largest litigated settlement in the consumer protection agency's...

September 28, 2018 How A Fed Rate Hike Impacts You (video)

Source: CNBC/Youtube

If you're concerned about what an additional increase in the Fed's benchmark rate will mean for your mortgage, credit card, student debt, home equity loan or car payment, here's a breakdown of what's in store — and what you...

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