Archive for Tank

Asian shares tread water as investors watch trade talks

Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.

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Category: businessNews

Oil prices dip as U.S. crude output hits record 12 million barrels per day

Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.

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Category: businessNews

Ford probing possible problems with fuel economy, emissions tests

Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers.

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Category: businessNews

GM CEO will not appear before Canada legislators on plant closure

General Motors Co Chief Executive Mary Barra will not come before Canadian legislators to answer questions about the automaker’s future in the country, but lower-ranking executives will appear, a lawmaker said on Thursday.

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Category: businessNews

Third Point claims 300 percent return on activism since 2011

Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its…

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Category: PersonalFinance

Worst May Be Over For Home Sales; TIAA/US Bank Deal; More Refis and More Pull-Through in January

Existing home sales fell again in January although the decline was a minor one compared to the 6.4 percent drop in December. The National Association of Realtors® (NAR) said sales of single-family homes, townhomes, condominiums and co-ops ticked down 1.2 percent from December’s annual rate of 4.99 million to a seasonally adjusted annual rate of 4.94 million. That number, the lowest since November 2015, put sales behind those a year earlier (5.40 million) by 8.5 percent. Single-family home sales declined from 4.45 million in December to 4.37 million, putting them 8.4 percent lower on a year-over-year basis. Existing condominiums and co-ops sold at an annual rate of 570,000 units in January, up 3.6 percent from last month and down 9.5 percent from a year ago. Analysts, pointing to lower mortgage …read more

Read more here: Worst May Be Over For Home Sales; TIAA/US Bank Deal; More Refis and More Pull-Through in January

Category: businessNews

President Obama’s bomber jacket was the biggest star at the Duke-UNC game

The internet was buzzing about his black bomber jacket with ‘44′ on the sleeve

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Category: businessNews

Consumer Reports yanks recommendation for Tesla’s Model 3, citing reliability

Consumer Reports on Thursday pulled a recommendation for Tesla Inc’s Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment.

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Read more here: Consumer Reports yanks recommendation for Tesla’s Model 3, citing reliability

Category: businessNews

Ford investigating possible problems with fuel economy, emissions tests

Ford Motor Co said on Thursday it had hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data given to regulators or consumers.

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Read more here: Ford investigating possible problems with fuel economy, emissions tests

Category: businessNews

A record number of Americans now have access to a credit card — and it’s not going great

In 2018, an additional four million people got access to plastic in America

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Read more here: A record number of Americans now have access to a credit card — and it’s not going great

Category: businessNews

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