June 2018 – Page 4

Larry Kudlow, Trump’s Top Economic Adviser, Says the Deficit Is Falling. It Is Not.

June 29, 2018 admin Comments Off

Larry Kudlow, President Trump’s top economic adviser, said on the Fox Business Network Friday morning that the federal budget deficit is falling “rapidly.” In response to a Maria Bartiromo question about the outlook for economic growth and forecasters who say we might be heading for a recession in 2020, the director of the White House National Economic Council said tax revenues have been boosted enormously. …read more […]

Canada hits back at U.S. on tariffs, says it will not back down

June 29, 2018 admin Comments Off

OTTAWA (Reuters) – Canada struck back at the Trump administration over U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.

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Comcast faces outage due to fiber cut at network partner

June 29, 2018 admin Comments Off

(Reuters) – Comcast Corp is experiencing service interruption across its business, residential internet, video and voice customers due to a fiber cut at one of its large backbone network partners, the company said in a tweet on Friday.

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After stellar run, smallcaps may see some turbulence

June 29, 2018 admin Comments Off

NEW YORK (Reuters) – After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack.

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Nationwide Comcast outage is here to ruin your Friday

June 29, 2018 admin Comments Off

We hope you weren’t planning to start your pre-Independence Day weekend with a …read more […]

U.S. SEC says Morgan Stanley to pay $3.5 million fine over misuse of funds

June 29, 2018 admin Comments Off

WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.

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German court orders Volkswagen to pay MAN minorities 300 million euros

June 29, 2018 admin Comments Off

MUNICH (Reuters) – A German court has ordered auto maker Volkswagen AG’s truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer.

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Canada hits back at U.S. over tariffs, says it won’t back down

June 29, 2018 admin Comments Off

OTTAWA (Reuters) – Canada struck back at the U.S. administration over its steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington backed down.

…read more […]

GM warns U.S. import tariffs could lead to ‘smaller’ company

June 29, 2018 admin Comments Off

(Reuters) – General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating U.S. businesses from the global market.

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Nike, banks power Wall Street to biggest gain in three weeks

June 29, 2018 admin Comments Off

(Reuters) – A surge in Nike’s shares and a rally in bank stocks on Friday set the Dow Jones Industrial Average and the S&P 500 on track for their best day in a little over three weeks.

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U.S. bank shares rise on capital return plans after stress test

June 29, 2018 admin Comments Off

(Reuters) – Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks.

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Canada strikes back at U.S. over tariffs, unveils aid package

June 29, 2018 admin Comments Off

OTTAWA (Reuters) – Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.

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Enbridge Inc. Finally Gets the Green Light to Finish Its Largest Expansion Project

June 29, 2018 admin Comments Off

The needle-moving project increases the probability that the Canadian energy infrastructure giant can achieve its dividend growth plan. …read more […]

U.S. tells ETP to restore land around Rover pipe in Ohio, Michigan

June 29, 2018 admin Comments Off

U.S. federal energy regulators have told Energy Transfer Partners LP to finish restoring the land around parts of its Rover natural gas pipeline in Ohio and Michigan before allowing the company to put more segments in service. FERC said it authorized ETP to put Rover’s Vector delivery meter station in Michigan, Defiance compressor station in Ohio and Market Segment between Ohio and Michigan into service on May 1 even though the company had not completed restoration of the grounds around those facilities. …read more […]

Nike shares hit record as investors cheer North America rebound

June 29, 2018 admin Comments Off

(Reuters) – Nike Inc’s shares jumped 12 percent to their all-time high on Friday after the world’s largest shoe maker saw a major sales rebound in its North America business and forecast strong growth for 2019.

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