No Picture
Trading Ideas

Harley-Davidson will not raise prices to cover tariff costs

The tremendous expense if passed onto its dealers and retail customers would have a lasting detrimental impact to its business in the region, the company said in a regulatory filing https://bit.ly/2tA1ru0. Harley-Davidson said tariffs would reduce customer access to its motorcycles and hurt the dealers’ businesses. Last week, the European Commission said it would start charging import duties of 25 percent on a range of U.S. products after Washington imposed tariffs on EU steel and aluminum at the start of June. …read more […]

No Picture
Trading Ideas

Harley-Davidson Moves Some Production Out of U.S. After Tariffs

Harley-Davidson Inc. plans to shift some production of its iconic motorcycles out of the U.S. in response to retaliatory European Union tariffs, as President Donald Trump’s trade war ripples back to American companies. Each motorcycle will cost an average of $2,200 extra after the European Union raised its tariff on imported U.S. bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing. While it’s committed to making motorcycles in the U.S., it has no other choice in a market where it sold almost 40,000 bikes last year. …read more […]

No Picture
Trading Ideas

What will the future GE look like?

Wall Street Journal Global Economics Editor Jon Hilsenrath, Fox News contributor Richard Fowler and FBN”s Kristina Partsinevelos on reports General Electric is nearing a deal to sell its industrial engines unit and efforts to turn around the company. …read more […]

No Picture
Trading Ideas

Shell, Exxon not to seek compensation for end of Groningen gas production -govt

Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday. “A lot of gas will be left in the ground,” Economy minister Eric Wiebes said at the presentation of his deal with the oil majors responsible for extracting Groningen gas. The Dutch government in March said it would end gas production at the Groningen field by the end of the next decade, in an effort to stop …read more […]

No Picture
Trading Ideas

Apple to Unveil High-End AirPods, Over-Ear Headphones For 2019

Apple Inc. is about to pump up the volume on its audio-device strategy, planning higher-end AirPods, a new HomePod and studio-quality over-ear headphones for as early as next year, according to people familiar with the matter. Apple is trying to increase the range that AirPods can work away from an iPhone or iPad, one of the people said. Slated for 2019, the earbuds will likely cost more than the existing $159 pair, and that could push Apple to segment the product line like it does with iPhones, one of the people said. …read more […]

No Picture
Business News

Exclusive: Facing U.S. blowback, Beijing softens ‘Made in China 2025’ message

BEIJING (Reuters) – Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and Chinese state media sources said.

…read more […]