Money

FOX Agrees Merge With Disney After New $71 Billion Bid

FOX Agrees Merge With Disney After New $71 Billion Bid

Both Disney and Comcast are looking to use the Fox assets to bolster their content and expand overseas. A representative for Fox didn't immediately respond to a request for comment outside regular business hours. The amended and restated Disney Merger Agreement offers a package of consideration, flexibility and deal certainty enhancements that is superior to the proposal made by the Comcast Corporation on June 13, 2018. Read More

Continue Reading »

When we can expect the Fed to hike interest rates again

When we can expect the Fed to hike interest rates again

The ECB, which presiding over negative official rates and its version of the Fed's "quantitative easing" - bond purchases that have seen it buy €2.5 trillion ($3.7 trillion) of government and corporate bonds in only three years -, isn't expected to raise rates or further reduce a program that peaked at €80 billion of assets purchases a month in 2016, and is now running at a monthly €30 billion. Read More

Continue Reading »

Comcast makes $65 billion offer for Fox, setting up brawl

Comcast makes $65 billion offer for Fox, setting up brawl

Realizing that its own major acquisition would have a chance of getting past regulators, the sources alleged, Comcast scrambled to put together its all-cash bid with an eye on knocking Disney down a peg. Comcast was in talks to buy Fox late previous year. Why this matters: Although the ruling is a huge setback for the DoJ, its almost two-year legal battle to try and block the Time Warner deal is a sign it's determined to challenge massive mergers. Read More

Continue Reading »

Donald Trump confident of 'terrific relationship' with Kim Jong Un

Donald Trump confident of 'terrific relationship' with Kim Jong Un

That meeting is expected to last a couple of hours and include a working lunch at the luxury resort on Singapore's Sentosa Island. The first meeting that the pair had on their schedule was one-on-one, accompanied only by translators. Trump seemed to hold an optimistic take on Kim's intentions, saying that the dictator "really wants to do something I think terrific for their country". Read More

Continue Reading »

Donald Trump: Top economies should drop all tariffs

Donald Trump: Top economies should drop all tariffs

And Roland Paris, a former foreign policy adviser to Trudeau, jabbed at Trump on Twitter: "Big tough guy once he's back on his airplane". During a press conference after the summit, Canadian Prime Minister Justin Trudeau flatly rejected a proposal by the White House to insert a sunset clause in a re-negotiated North American Free Trade Agreement. Read More

Continue Reading »

Robert De Niro yells 'F--k Trump' at Tony Awards

Robert De Niro yells 'F--k Trump' at Tony Awards

When hosts Sara Bareilles and Josh Groban came back onstage, they were dressed in each other's characters in the musicals they were in - with her in a beard and him in a short waitress outfit. " Harry Potter ", a record-setting $69 million two-part production set 19 years after the last of J.K. Rowling's best-selling novels about the boy wizard, won a total of six Tonys including best new play and best director. Read More

Continue Reading »

G7: Trump leaves summit prematurely for meeting with Kim Jong

G7: Trump leaves summit prematurely for meeting with Kim Jong

Howard X (left) and Dennis Alan, lookalikes of the North Korean leader and U.S. president , during a promotional event in Singapore today. New York Times op-ed writer and two-time Pulitzer Prize victor Nicholas Kristof . Beijing wants the summit, says Yun Sun, director of the China program at the Stimson Centre, relieved for any de-escalation in tension. "Even if they cheat on handing over nuclear weapons, possibly cheat on freezing uranium production, there can be a certain amount of ... Read More

Continue Reading »

Elon Musk Says Tesla Will Not Make Electric Motorcycles

Elon Musk Says Tesla Will Not Make Electric Motorcycles

The money-losing auto maker has said its forecasts for profit and cash generation in the second half of this year - which Musk reaffirmed during Tesla's annual meeting on Tuesday - are dependent on reaching this target. "The biggest constraint on output is general assembly", said Musk. A Tesla spokesman declined to elaborate Wednesday on Musk's comments. The stock had dropped 6.5% this year to Tuesday's close. Read More

Continue Reading »

China warns USA no deal if tariffs go ahead

China warns USA no deal if tariffs go ahead

Beijing warned all the commitments it had made so far were premised on "not fighting a trade war". Trump weighed in on Twitter early Monday by saying, "China already charges a tax of 16% on soybeans". China appealed to other governments Friday to reject "trade and investment protectionism" after Washington raised steel tariffs and said it will impose curbs on Chinese investment. Read More

Continue Reading »

Trump to Disney CEO after 'Roseanne' scrapped: Where is my apology?

Trump to Disney CEO after 'Roseanne' scrapped: Where is my apology?

The pharmaceutical company that makes Ambien has said " racism is not a known side effect" in response to Roseanne Barr blaming the drug for an offensive tweet. "And he said to me, oh my gosh, you married up in the world". In the past, the Republican president has cited the program's popularity as evidence that his supporters, who include Barr , want shows that speak to their concerns. Read More

Continue Reading »

Vermont will pay you $10,000 to move there and work remotely

Vermont will pay you $10,000 to move there and work remotely

The money must be used for qualified expenses such as relocation costs, computer software and hardware, internet access and co-working memberships. The worker must also perform most duties from a Vermont home office or co-working space. In March, Governor Scott and the Vermont Division of Tourism and Advertising introduced the so-called Keep-to-Keep initiative, which is meant to assist vacationers relocate to the state. Read More

Continue Reading »

Allies hit back at Trump’s steel, aluminium tariffs

Allies hit back at Trump’s steel, aluminium tariffs

The world's largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington's stinging steel and aluminium tariffs that came into effect on Friday. "We have a huge problem with the American government, with the White House", Moisi said. USA trading partners had demanded that the exemptions be extended or made permanent. Read More

Continue Reading »

Liberia Abandons Morocco's World Cup 2026 Bid

Liberia Abandons Morocco's World Cup 2026 Bid

Starting during the France World Cup in 1998, EA SPORTS released an additional disc that let players fight their way through the tournament in search of World Cup glory. As tension mounts ahead of the eagerly awaited technical inspection report that will determine whether 2026 World Cup candidates Morocco can join the heavyweight North American bid on the ballot paper next month, both contenders have been summoned to Federation Internationale de Football Association for final talks ... Read More

Continue Reading »

US levies steel, aluminum tariffs on allies, risks trade war

And despite the picking and choosing of which allies that the USA decides to slap with these tariffs, Ross defended the US legal justification that they are being implemented under law meant to protect US national security. European leaders have declared a "bad day for world trade" after the U.S. announced it will impose tariffs on metal imports from the EU. Trump imposed the steel and aluminum penalties under a 1962 law that gives the president broad power to increase or reduce tariffs on ... Read More

Continue Reading »

Tesla sedan in autopilot crashes into parked police auto

Tesla sedan in autopilot crashes into parked police auto

There were two injuries. The drivers escaped with minor injuries, but the Tesla was barely recognizable. Police Sgt. Jim Cota says the officer was not in the cruiser during the crash in Laguna Beach. Elon Musk's tetchy mood of late is unlikely to be lightened by the latest report of a Tesla crash. A Tesla vehicle with its Autopilot system activated crashed into an unoccupied, parked police SUV in California, according to reports. Read More

Continue Reading »

Moon's office welcomes renewed hope for US-NK summit

Moon's office welcomes renewed hope for US-NK summit

President Donald Trump, left, and North Korean leader Kim Jong Un during a news program at the Seoul Railway Station in Seoul, South Korea, Friday, May 25, 2018. Libyan leader Muammar Gaddafi was deposed and killed by NATO-backed militants after halting his nascent nuclear program. In his letter, Trump warned Kim of the United States' greater nuclear might, reminiscent of his tweet a year ago asserting that he had a "much bigger" nuclear button than Kim.While the Trump administration had ... Read More

Continue Reading »

Oil slips further below US$80/barrel on talk Opec may lift output

Oil slips further below US$80/barrel on talk Opec may lift output

Global benchmark Brent futures were down 27 cents, or 0.34 percent, at $79.53 per barrel at 0300 GMT. The price of a barrel of Brent crude was down by more than 1.6 per cent to $78.22 at one point yesterday. US West Texas Intermediate (WTI) crude futures fell US$1.13 to settle at US$70.71 a barrel, a 1.57 per cent loss. Output in the South American nation fell to just 1.43 million barrels per day in April, down almost 700,000 bpd from 2016 levels. Read More

Continue Reading »

PM Modi taking fuel price hike seriously, says Union minister

PM Modi taking fuel price hike seriously, says Union minister

The hike in the fuel prices is due to the less production of oil in the Organisation of the Petroleum Exporting Countries (OPEC) and hike in crude oil price in the worldwide market. The Central government levies ₹19.48 excise duty on a litre of petrol and ₹15.33 on diesel . State sales tax or VAT vary from state to state. Similarly, in Delhi the fuel's price inched higher to a new record of Rs 77.17, and in Kolkata, it cost Rs 79.83, nearly a five-year high. Read More

Continue Reading »

ZTE's United States ban set to be lifted

ZTE's United States ban set to be lifted

The U.S. Commerce Department barred American companies from selling components to ZTE in April after it violated sanctions on Iran and North Korea and then misled the department. The company recently said that it would cease "major operating activities" because of the US government's recent trade restrictions. ZTE depended on American chips and other components, and is unable to continue operating without key supplies. Read More

Continue Reading »

Predators' Hartnell back in lineup for Game 6

Predators' Hartnell back in lineup for Game 6

Through six games in the second round, neither team has been able to win more than one in a row. And Winnipeg's power play was shooting blanks, going 0-for-4, including 0-for-3 in the first period. During the first five games of the series, Rinne wasn't as sharp as usual and was pulled twice, including Game 5 when he gave up six goals on 26 shots on goal. Read More

Continue Reading »

Give Donald Trump Nobel Peace Prize

Give Donald Trump Nobel Peace Prize

Himself Donald trump once called the proposal of the President of the Republic of Korea "very nice", but said that first he wants to make progress in negotiations with Pyongyang. "This is the only award that I want to". "Kim will also probably call for global sanctions to be lifted, a peace agreement to be signed to supersede the Korean War armistice and a non-aggression pact, probably co-signed with China to serve as a guarantor of the North", Nagy said. Read More

Continue Reading »

DC United in

DC United in "serious talks" to acquire Wayne Rooney

Wayne Rooney has reportedly agreed a deal in principle with MLS outfit DC United . Rooney still has one year left on his current deal at Everton . Rooney's return to Everton has by no means been a disaster and there have been highlights including 11 goals in all competitions. 'So I would not take into account something on the playing cards on the second. Read More

Continue Reading »

ZTE falls victim in United States trade war as it halts sales

ZTE falls victim in United States trade war as it halts sales

Department of Commerce . Although ZTE is closed , it is still trying to have the ban modified or reversed. Analysts predict it will be hard for ZTE to stay competitive without supply of components from American suppliers. ZTE is also said to be unable to continue supplying phones after sanctions were imposed, says US-based wireless operator Consumer Cellular Inc. It depends on United States parts: chips made from California-based Qualcomm account for more than half of its phones shipped ... Read More

Continue Reading »

Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

During the call, Musk shot down a question from Sanford C. Bernstein & Co. analyst Antonio Sacconaghi about capital investment requirements. His actions had immediate consequences. But if Musk turns out to be right on that, then he could also likely be right about his "next level short burn of the century" prediction. "Please ignore this thread unless you're interested in a tedious discussion about Tesla stock", Musk starts. Read More

Continue Reading »