https://static.techspot.com/images2/news/bigimage/2018/11/2018-11-26-image-16.jpg

Money

GM propulsion plants in White Marsh, Maryland and Warren, Michigan will also be shut. According to Chiodo, the Oshawa plant has "some of the best employees in North America ". Steve Rattner, the head of former President Obama's auto task force who oversaw the GM and Chrysler bailouts, said the announcement shouldn't be construed as a violation of the bailout agreement because the industry has changed and the companies need to be able to adapt.
  • Saudi urges to cut oil production to 1 million barrels per day

    Saudi urges to cut oil production to 1 million barrels per day

    Money

    Washington has granted 180-day waivers to Iran's eight biggest buyers, who imported over 80 percent of Iran's oil exports previous year. That confounded a market that was anticipating a stricter enforcement. "The balances for 2019 do show, especially in the first half of the year, that there will be significant global oversupply", Petromatrix analyst Olivier Jakob said.
  • Huawei Mate 20 expected to steal sales from struggling iPhone XR

    Huawei Mate 20 expected to steal sales from struggling iPhone XR

    Money

    Another data point potentially contributing to Apple's slide: Lumentum, a key supplier for parts that power facial recognition systems, said a large customer had cut its orders by 30% - and Apple is its top customer. Shares of Lumentum plummeted a record 33 per cent while Apple dropped 5 per cent. Oclaro Inc., which is being bought by Lumentum, lost 12 per cent, its biggest drop since April.
  • Alibaba Singles’ Day smashes $25bn sales record

    Alibaba Singles’ Day smashes $25bn sales record

    Money

    The final number compares with 39% growth past year. Alibaba has also faced new challenges this year, such as new rivals in the market, a slowing economy and its stock dropping 16% thanks to China's trade war with the US. A third factor is that Alibaba is facing some of the stiffest competition in its history. Known as Singles Day, the clamor for deals and discounts was heralded with characteristic fanfare by Chinese e-commerce giant Alibaba, which has turned an unofficial holiday for ...
  • Projected: Democrats successfully seize control of US House

    Projected: Democrats successfully seize control of US House

    Money

    Yet it's that kind of middle-road tack that risks alienating Democrats who want nothing to do with Trump. Sanders said candidates who welcomed Trump did better at the polls . Democrat Andrew Gillum, 39, the African American mayor of Tallahassee, is locked in an acrimonious battle with Ron DeSantis, 40, a member of the House of Representatives and ardent Trump supporter.
  • United States midterms: Democrats flip the House of Representatives

    United States midterms: Democrats flip the House of Representatives

    Money

    AP VoteCast also shows a majority of voters considered Trump a factor in their votes. A majority of the 113,000 voters surveyed said the country is headed in the wrong direction. A similar 88 percent of those who approved of Trump voted for the Republican House candidate. Some Democrats have already vowed to force the release of his tax returns.
  • Ariz. Senate Race Will Come Down to Turnout, New Poll Says

    Ariz. Senate Race Will Come Down to Turnout, New Poll Says

    Money

    When asked, Bannon says he's "absolutely not" surprised that Trump now calls himself a nationalist: "I think it was an inevitable evolution for him to publicly say that". Democrats Raul Grijalva and Ruben Gallego and Republicans Paul Gosar, Andy Biggs and David Schweikert are expected to easily win back their seats in Congressional Districts 3-7.
  • Lowe's closing more than 50 stores in the USA and Canada

    Lowe's closing more than 50 stores in the USA and Canada

    Money

    Some U.S. stores will close immediately, though Lowe's did not immediately announce the locations. Lowe's maintains more than 2,000 stores in North America. and Canadian Tire Inc. and to some extent, Costco Wholesale Corp. and Walmart Inc., which are "extremely powerful" and stock some home and garden products.
  • Iran's Khamenei Says the World Opposes Trump as Oil Sanctions Loom

    Iran's Khamenei Says the World Opposes Trump as Oil Sanctions Loom

    Money

    In his great undoing of the "accomplishments" of the Obama administration, President Trump has withdrawn the United States from the humiliating and destructive Iran nuclear deal. The deal had seen most global financial and economic sanctions on Iran lifted in return for Tehran curbing its disputed nuclear activity under United Nations surveillance.
  • Trump Confident of Fair Trade Deal with China

    Trump Confident of Fair Trade Deal with China

    Money

    President Trump said a deal with China would also be good for Beijing . The meal would give the two leaders more time to talk and create an atmosphere more conducive to negotiations, the sources said. and China are discussing - intellectual property rights, Chinese laws restricting how United States companies can operate in the country, and more - make a deal hard.
  • New Starbucks holiday cups mean it's officially Christmas

    New Starbucks holiday cups mean it's officially Christmas

    Money

    As I noted previous year, the holiday cup , which asked people to draw, color and doodle on their own cups, reportedly ended the war on Christmas. Upon introducing the minimalist cup, Starbucks Vice President Jeffrey Fields said it was a way to "usher in the holidays with a purity of design that welcomes all of our stories".
  • Crude futures fall as traders get in position for inventory build-up

    Crude futures fall as traders get in position for inventory build-up

    Money

    In a post on Twitter on Thursday, Trump had said he had a "long and very good conversation" with Jinping and that the trade discussions were "moving along nicely". Meanwhile, the earlier bounce in the barrel of WTI was mainly driven by a boost in the risk sentiment, triggered by the optimism over the US-China trade deal and the US oil waivers from Iran sanctions.