wealth

‘You’re a corporatist!’: Elon Musk declares himself a socialist, Twitter loses it

1 day ago DieselGasoil Comments Off on ‘You’re a corporatist!’: Elon Musk declares himself a socialist, Twitter loses it
Elon Musk’s attempts to declare himself a socialist while also describing people of that political persuasion as “depressing” were met with derision on Twitter, with social media users keen to point out evidence of his capitalism. Tweeting Friday, Musk described self-proclaimed socialists as “depressing, have no sense of humor & attended an expensive college.” When Read More

Wall Street ends high-volume session lower on trade jitters

2 days ago DieselGasoil Comments Off on Wall Street ends high-volume session lower on trade jitters
NEW YORK (Reuters) – Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China. U.S. President Donald Trump unveiled an initial list of strategically important goods that would be subject to a 25 Read More

Trump sets $50 billion in China tariffs; Beijing vows to strike back

2 days ago DieselGasoil Comments Off on Trump sets $50 billion in China tariffs; Beijing vows to strike back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 Read More

Trump sets $50 billion in China tariffs with Beijing ready to strike back

2 days ago DieselGasoil Comments Off on Trump sets $50 billion in China tariffs with Beijing ready to strike back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies. FILE PHOTO: Flags of U.S. and China are placed for a meeting between Read More

World's rich grow richer as bull markets roar on: study

3 days ago DieselGasoil Comments Off on World's rich grow richer as bull markets roar on: study
ZURICH (Reuters) – Personal financial wealth swelled 12 percent last year to nearly $202 trillion, the strongest growth in five years as bull markets and the dollar’s weakening against most major currencies boosted global fortunes, a study showed on Thursday. Tourists walk up one of the main shopping areas, Preciados Street, in central Madrid, Spain, Read More

Hong Kong market could open cash flood gates for U.S. biotechs

3 days ago DieselGasoil Comments Off on Hong Kong market could open cash flood gates for U.S. biotechs
(Reuters) – When U.S. biotech startup Sorrento Therapeutics named ex-Lehman Brothers executive Jiong Shao as its new finance chief about two months ago, it was widely seen as a move driven by his background in raising capital for Alibaba and Tencent. FILE PHOTO: The Hong Kong Exchanges flag, Chinese national flag and Hong Kong flag Read More

Wall Street falls as Fed signals two more hikes this year

4 days ago DieselGasoil Comments Off on Wall Street falls as Fed signals two more hikes this year
(Reuters) – U.S. stocks ended a choppy session lower on Wednesday after the U.S. Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year. Two more hikes are now expected by the end of this year, compared with one previously. The central bank, which raised its benchmark Read More

Wall Street flat, media stocks jump after AT&T ruling

4 days ago DieselGasoil Comments Off on Wall Street flat, media stocks jump after AT&T ruling
(Reuters) – U.S. stocks were flat on Wednesday ahead of the Federal Reserve’s policy announcement, while media shares got a boost from a court approval for AT&T’s $85 billion takeover of Time Warner. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 13, 2018. REUTERS/Brendan McDermid Read More

'Avatar' tribe poses second challenge to Vedanta after deadly India protests

5 days ago DieselGasoil Comments Off on 'Avatar' tribe poses second challenge to Vedanta after deadly India protests
LANJIGARH, India (Reuters) – After an Indian state shut a copper smelter run by Vedanta Resources following deadly protests, the company faces another challenge 1,000 miles away, where axe-toting tribesmen and environmentalists have joined forces to demand the closure of an alumina Refinery. Lado Sikaka, a leader of the Dongria Kondh tribe, addresses a protest Read More