Markets
Oil Slips On Signs of Rising Supplies, Economic Slowdown Jitters
He pointed to "weakening global economic growth, the ongoing U.S". Oil prices declined on Monday as investors anxious that persistent trade tensions between the United States and its trade partners could reduce global crude demand. A list of all countries getting US waivers allowing them to import Iranian oil is expected to be released officially on Monday, industry sources say. [Full Article...]
Tesla’s New Summon Feature Is Like Driving a "Big RC Car"
Tesla owners have been anxiously awaiting an update for the company's second generation Autopilot hardware for roughly two years. The Summon feature was to become more capable as a result of vehicles equipped with a robust suite of sensors, radar, and cameras - which Tesla began producing in October 2016. [Full Article...]
As companies vie for workers, wages in USA climb 2.9%
The gauge was up 2.8 percent from a year earlier, matching the prior quarter as the fastest gain since 2008. Wages have been the missing piece in the economic recovery, though the Fed has been raising rates to guard against future inflationary pressures. [Full Article...]
Shares soar as Trump hints at possible US-China trade deal
However, "policy talks" will determine whether he imposes additional duties, "not an arbitrary timeline", said Kudlow, who served as the Trump campaign's senior economic adviser. It was unclear if Trump was easing up on U.S. demands that China has resisted. On Thursday Chinese Premier Li Keqiang also told a group of visiting US politicians that China and the United States could overcome their ... [Full Article...]
Japanese pilot admits being drunk 10 times over alcohol limit
Jitsukawa had nearly 189 mg of alcohol per 100 ml of blood in his system, which nearly 10 times the permissible 20 mg for a pilot. London's Metropolitan Police force said Katsutoshi Jitsukawa appeared at Uxbridge Magistrates' Court in west London and admitted exceeding the alcohol limit. [Full Article...]
Yuan touches a decade-low; 7 per dollar now in sight
The rate partly depends on where the currency pair closed the day before and overnight market moves. Similarly, demand for options that protect against a weaker yuan in the next month has ballooned recently to one of the strongest levels in the past two years, based on a measure known as a risk reversal, which compares the prices of put and call options. [Full Article...]
Eurozone economic growth slows to 4-year low
The rate of growth of 0.4% recorded in the second quarter, which had seemed to be "disappointing at the time", may well have been "the last hurrah of the cycle of growth", he adds. Consumer prices across the 19-country eurozone rose at their fastest rate in almost six years in October, largely on the back of higher energy costs, official figures showed Wednesday. [Full Article...]
China manufacturing weakens to two-year low
The figure was below the 50.6 reading tipped in a Bloomberg News survey of economists. Already, China reported slower-than-expected growth of 6.5 percent in the third quarter of the year - its weakest pace since the first quarter of 2009. [Full Article...]