China’s Alibaba wasn’t the first company to create a car vending machine – that honor belongs to a Singaporean entrepreneur who transformed Singapore’s Autobahn building into what appears to be a giant PEZ dispenser stocked with luxury cars. But after months of planning, Alibaba’s T-Mall (in partnership with Ford) has opened the country’s first car […]
Finance
Latest News
Bank CEO Reveals How Obama Administration Shook Him Down…
The former CEO of Ally Financial Inc. says the Obama administration abused its power by holding the bank’s business hostage in order to coerce a record settlement of “trumped-up” racism charges and push profit-killing new regulations on the entire auto-lending industry. The huge $100 million deal has spooked several other major lenders into resolving similar […]
IMF Director Christine LaGarde Is Out, Investment Banker Mark Rosen In…
On Wednesday, President Donald Trump selected Connecticut businessman and former investment banker Mark Rosen to be the new executive director of the International Monetary Fund (IMF). Rosen is “currently chairman of Latin America investment banking at Bank of America Merrill Lynch,” the White House said in a statement. Rosen has over 30 years of experience […]
It’s Official: Economy Grew at a 2.9 Percent Rate to End 2017…
The economy grew at a 2.9 percent annual rate to end 2017, the Bureau of Economic Analysis reported Wednesday in its final update to its estimate of Gross Domestic Product. That figure was revised up from 2.5 percent in the second estimate of GDP, thanks to better consumer spending and higher business investment in inventories […]
‘PetroYuan’ Futures Launch with a Bang, Volume Dominates Brent As Big Traders Step In…
As we detailed previously, China’s yuan-denominated crude oil futures launched overnight in Shanghai with 62,500 contracts traded in aggregate, meaning over 62 million barrels of oil changed hands for a notional volume around 27 billion yuan (over $4 billion). As OilPrice.com’s Tsvetana Paraskova notes, Glencore, Trafigura, and Freepoint Commodities were among the first to buy […]
Related
By Far, This Is the Best Backgrounder on U.S. Trade Crisis: Multinational Corporate BIG AG Questions Robert Lighthizer…
There’s a lot of news this week reflecting a great deal of oppositional alignment against the presidency of Donald Trump. CTH can get down in the weeds of each specific issue to discuss the motives and intents (we will, and do), but the big picture MUST remain at the forefront of understanding. If we lose […]
U.S. Trade Report Lays Bare Chinese Government Cyber-Espionage…
China’s government is engaged in a systematic program of cyber attacks on American and foreign companies, according to a US government trade report made public last week. The cyber intrusions into corporate networks are one of four areas identified by the office of the US Trade Representative as unfair trading practices. These have prompted the […]
Related
Gordon Chang Discusses President Trump’s Plan to Remove the Panda Mask from the Chinese Red Dragon…
Author of “The Coming Collapse of China”, Gordon Chang, discusses the effect of President Trump’s tariffs on China and the epic battle ahead. Last night China announced their feeble retaliatory actions – SEE HERE. A professionally nervous Maria Bartiromo, frames a series of questions from the perspective of Wall Street. Fortunately Gordon Chang understands the […]
Related
Trump Signs Whopping $1.3 Trillion Omnibus Bill…
Related
Winners and Losers from the WHOPPING $1.3 Trillion Omnibus…
Congress is on the verge of passing a $1.3 trillion omnibus that would fund the government through September and provide the biggest federal spending increase in years. The bill is loaded with provisions given its likely standing as the last legislative train leaving the station before the midterms, and members have been scrambling to compete […]
Related
Trump’s DOI Releases the Results of the Largest Oil Lease Sale In U.S. History…
The Department of the Interior released the results of the largest oil and gas lease sale in U.S. history Wednesday, reflecting the state of industry interest in offshore drilling in the Gulf of Mexico. The results were similar to what experts expected, bringing in $124.7 million in high bids, slightly higher than the $121 million […]
Biggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since Crisis …
Americans are parking more money with the biggest banks than ever before, cementing the firms’ dominance of the financial industry less than a decade after the crisis. The three largest U.S. banks have added more than $2.4 trillion in domestic deposits over the past 10 years—a 180% increase—according to a Wall Street Journal analysis of […]
Why the World’s Central Banks hold Gold – In Their Own Words…
Collectively, the central bank sector claims to hold the world’s largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range. This worldwide central bank group, […]
Food Truck Nation: A New Study Looks at How Overregulation Holds Back Food Freedom …
Food trucks have swept the nation over the past decade, attracting no shortage of attention from consumers, popular culture (such as Jon Favreau’s film Chef), and, alas, zealous local regulators. The owners of the trucks have embraced technology, connecting directly with their customer bases over social media and proving responsive to local tastes. Yesterday a […]
Fed Comes A Little Bit Closer To Taylor Rule…
Yes, Jay (Powell) and the Americans (FOMC) came a little bit closer to The Taylor Rule (Rudebusch Model) with the FOMC voting to increase their target rate to 1.75%. The lower bound is now 1.50%. The Taylor Rule (Rudebusch Model) calls for a Fed Funds Target rate of 6.62%. Only 447 basis points left to […]
Chuck Grassley Gives the Green Light to Call Out China for Currency Manipulation…
Republican Sen. Chuck Grassley of Iowa called out China for currency manipulation Monday on Fox Business, but also urged caution to avoid a full blown trade war. Grassley said he was fearful of China’s response to America’s trade policy under President Donald Trump, prompting host Host Maria Bartiromo to ask what the government’s plan is. […]
Related
Trump Slaps China with Tariffs On Up to $60 Billion in Imports…
President Donald Trump signed an executive memorandum on Thursday that would impose retaliatory tariffs on up to $60 billion in Chinese imports. “This is the first of many” trade actions, Trump said as he signed the memo. The new measures are designed to penalize China for trade practices that the Trump administration says involve stealing […]
Related
Washington Aims at Venezuela’s Cryptocurrency in New Round of Sanctions…
The White House on Monday continued tightening financial sanctions on Venezuela, issuing an order prohibiting U.S. citizens from making any transactions in the Petro, the socialist administration’s newly launched cryptocurrency. The presidential order prohibits U.S. citizens from dealing in “any digital currency, digital coin, or digital token” issued by Venezuela after January 9, 2018. Venezuela […]
National Debt Hits $21 Trillion….
The national debt exceeded $21 trillion for the first time on Thursday, a little more than six months after it hit first $20 trillion on Sept. 8. The national debt was $21.031 trillion on Thursday. The government releases total debt figures each business day, but it lags by one day. Federal borrowing has been on […]
Medieval ‘Pot o’ Gold’ Discovered by Construction Workers…
Just in time for Saint Patrick’s Day — two construction workers in Holland have discovered a real-life “pot o’ gold.” The workers from water company Oasen made the stunning find when they were laying pipes in the new town of Hoef and Haag, in the province of Utrecht, LiveScience reports. During the construction work, they […]
- « Previous Page
- 1
- …
- 114
- 115
- 116
- 117
- 118
- …
- 161
- Next Page »