Markets
Wall St opens higher as Fed expected to hold fire
However, earlier gains were pared following a Bloomberg report that China is pushing back against American demands in trade negotiations. Major U.S. This follows a batch of weak economic data last week that validated the Fed's decision to remain less aggressive on raising rates. Boeing stocks fell 1.5 percent on Monday after The Wall Street Journal reported that the Department of Transport... [Full Article...]
Tim Hortons launches loyalty program
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Thankfully the wait is finally over, yes Timmies now has some great perks for their loyal customers. TL;DR This morning Tim Hortons officially launched their " Tims Rewards " loyalty program available across Canada. "We heard from our guests that a new rewards program had to be easy to use and redeem, that's why we offer both a reusable card and a digital friendly app". [Full Article...]
Trump says tariffs on China could stay to ensure compliance
The president's comments come a day after Bloomberg News reported that China was walking back some earlier commitments it had made in trade talks in an effort to get the U.S.to promise to lift the tariffs immediately. The Trump administration, they say, wants to have the option to impose tariffs on Chinese goods if China doesn't abide by the terms of the pact. Washington | Donald Trump has... [Full Article...]
Trump calls on GM to ‘bring jobs home' after OH plant closing
On Sunday , Trump also criticized David Green, the local UAW president at GM's Lordstown plant, labeling him a Democrat. Later Sunday afternoon, Trump again tweeted about GM, this time announcing he spoke, via phone, with Barra about the automaker's decision concerning Lordstown. [Full Article...]
Gold dips as equities gain ahead of Fed policy meeting
Fed policymakers expect growth will be just 2.1 percent this year, down from 2.3 percent in their previous forecast. The 30-year bond last fell 9/32 in price to yield 3.0246 percent, from 3.01 percent late on Monday. The technology-heavy Nasdaq was down 0.2 percent. Benchmark 10-year notes last fell 4/32 in price to yield 2.614 percent, from 2.601 percent late on Monday. [Full Article...]
Peugeot family would support more PSA acquisitions
Now Robert Peugeot, a member of the Peugeot family that owns close to 14 percent of PSA Group , an equal size to stakes owned by the French government and Chinese automaker Dongfeng, has revealed that his family is also open to an alliance. [Full Article...]
European Union regulators fine Google 1.49 billion euros for blocking advertising rivals
The commission is keeping an eye on Google muscling into jobs listings and local search. In 2018, it was fined €4.34 billion for imposing illegal restrictions on Android device manufacturers and operators to block rivals; and in 2017, it was fined €2.42 billion for giving illegal advantage to its own comparison shopping service . [Full Article...]
Inflation rises on increases in the cost of food and wine
Consumer prices rose at an annual rate of 1.9 percent in February after a 1.8 percent increase in January, the Office for National Statistics said. "Inflation holding relatively steady, the highest levels of employment since 1971, and wages increasing at their fastest pace in over a decade gives a rosy shine to the UK's economic position", Zurich's head of retail platform strategy, Alistair Wi... [Full Article...]