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Porsche offers computerized cruise control for twisty roads

41 mins ago DieselGasoil Comments Off on Porsche offers computerized cruise control for twisty roads
See the most exotic cars from the Geneva Motor Show I was going almost 50 miles an hour on a mountain road just north of New York City. Ahead of me, the road curved sharply to the left with just a thin metal railing between the speeding car and a long drop down a mountainside Read More

Worries of longer, costlier U.S.-China trade war hits markets

6 hours ago DieselGasoil Comments Off on Worries of longer, costlier U.S.-China trade war hits markets
WASHINGTON/BEIJING (Reuters) – Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute. Investors added up the costs of higher tariffs on Chinese and U.S. goods as well Read More

Wall St. pressured as Huawei fallout worries spark tech sell-off

10 hours ago DieselGasoil Comments Off on Wall St. pressured as Huawei fallout worries spark tech sell-off
(Reuters) – U.S. stocks dropped on Monday, as Washington’s restrictions on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan Read More

Tesla stock and bonds tumble as investors fret about costs and safety

10 hours ago DieselGasoil Comments Off on Tesla stock and bonds tumble as investors fret about costs and safety
SAN FRANCISCO (Reuters) – Tesla’s stock and bonds tumbled on Monday as investors worried about the automaker’s cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker’s future. FILE PHOTO: People visit a Tesla booth during the media day for the Shanghai auto Read More

Wall St. lower as tech stocks sell-off on Huawei fallout worries

12 hours ago DieselGasoil Comments Off on Wall St. lower as tech stocks sell-off on Huawei fallout worries
(Reuters) – U.S. stocks fell on Monday, as Washington’s crackdown on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan Read More

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

13 hours ago DieselGasoil Comments Off on Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. FILE PHOTO: FILE PHOTO – The Ford logo Read More

In coal we trust: Australian voters back PM Morrison’s faith in fossil fuel

19 hours ago DieselGasoil Comments Off on In coal we trust: Australian voters back PM Morrison’s faith in fossil fuel
MELBOURNE (Reuters) – Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal – don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters should know what comes next in energy policy – big coal. FILE PHOTO: Read More

Russia says too early to discuss OPEC+ deal extension

2 days ago DieselGasoil Comments Off on Russia says too early to discuss OPEC+ deal extension
OPEC countries and allied producers need to discuss the situation on the market before making proposals for the cartel’s meeting in June, Russia’s energy minister has said amid calls to further extend output cuts under OPEC+ deal. “I think it’s too early to talk about it . We need to Read More

Saudi energy minister recommends driving down oil inventories, says supply plentiful

2 days ago DieselGasoil Comments Off on Saudi energy minister recommends driving down oil inventories, says supply plentiful
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s energy minister said on Sunday he recommended driving oil inventories down and that global oil supplies were plentiful. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah, Saudi Arabia, May 19, 2019. REUTERS/Waleed Ali Read More

In coal we trust: Australia’s voters back PM Morrison’s faith in fossil fuel

2 days ago DieselGasoil Comments Off on In coal we trust: Australia’s voters back PM Morrison’s faith in fossil fuel
MELBOURNE (Reuters) – Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal – don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters should know what comes next in energy policy – big coal. FILE PHOTO: Read More