Trump comments about imposing border-tax have already made Ford Motors to quit their plan of making a new production plant in Mexico.
“We are not making the new production facility in Mexico,” Ford said in an announcement today.
The bullish momentum in Crude OIL helped its price to go beyond $55 for the first time in more than 17 months!
Hyundai Motor Group has set a goal of increasing their sales by 5% in 2017.
Apple is going to cut production of its top model iPhone starting from the first quarter of 2017. Apple is making this move to avoid accumulated inventory situation like the one it faced in the beginning of the year 2016.
A strong US Dollar is proving troublesome for exporters in USA. Importers in other countries are now looking for other exporters, as they cannot afford to purchase items from USA while US dollar is trading this high.
Sprint Corp and OneWeb LLC are planning to bring 8,000 new jobs to United States of America. Trump was so excited by the news that he took the liberty to break it to the world himself in a brief announcement on Wednesday.
Toshiba’s shares have dropped more than 30% in the last two trading days in Tokyo Stock Exchange.
The U.S. Department of Justice has fined Credit Suisse and the Deutsche Bank for selling toxic mortgage backed securities to clients by misleading them into believing that they are buying safe MBS.
Toxic Debt is a new phrase that many Americans are now using quite often. In simple words, a toxic debt is a loan/debt that is backed by property(s); the loan becomes worthless, or toxic when the value of the property drops [or become worthless] and the borrower cannot pay it back.
Existing Home Sales in the USA has increased to nearly a decade high level. This is the third consecutive month to see an increase in the number of existing home sales.
Snap Inc. has opened a new tech office in Shenzhen, China. They are now hiring new staff who will focus their research on Spectacles, the first hardware product introduced by Snap Inc.
Twitter first announced that it is shutting down the famous Vine app; now they have changed their decision. Instead of shutting down Vine, they are rebooting this service. The new service is called Vine-Camera. It will allow users to take short videos and upload them to Twitter or save them on their Mobile devices.
Chief of IMF [International Monetary Fund,] Christine Lagarde is found guilty on negligence charges by a French court. However, the court didn’t give any punishment to Lagarde. She is walking away in this case as a guilty person who is not going to jail and is not paying any fine.
The Indian Government is giving away millions of dollars’ worth of cash prizes to consumers and merchants who use e-payments to make purchases between Rs.50 and Rs.50,000.