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Monthly Archives: June 2018

Tesla will see at least another 26 percent rise: Technical analyst

A surge this week has Tesla racing back to levels not seen in three months and reversing a sell-off that had wiped out a year’s worth of gains. The charts suggest its comeback is just getting started, one technical analyst says. “Tesla likes to consolidate and then thrust higher,” TradingAnalysis.com’s …

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Apple shares fall 2% after Nikkei report about iPhone parts orders

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., speaks about the iPhone X during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Apple shares fell 2 percent in U.S. premarket trading on Friday, after …

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Tariff dispute likely to cast a chill over G-7 summit

Mandel Ngan | AFP | Getty Images President Donald Trump makes his way to board Marine One from the South Lawn of the White House on May 23, 2018 in Washington, DC. There will likely be a chill in the air at Friday’s G-7 meeting in Quebec following President Donald …

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Back the bill, urges UK’s May as Brexit law faces crunch test

Francois Lenoir | Reuters Britain’s Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium, March 22, 2018. British Prime Minister Theresa May urged lawmakers to back the legislation that will end Britain’s membership in the European Union, ahead of a series of crunch parliamentary votes …

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Canada pushes Trans Mountain pipeline to sell oil to Asia

The Canadian government has long said it wants a way to expand its export horizons. The current 715-mile pipeline carries oil to markets on the U.S. West Coast, and the expansion along 610 miles would also provide more oil to the United States, in addition to Asian customers, like China. …

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Japan, US first trade talks in July under new framework

Chip Somodevilla | Getty Images Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump arrive for a joint news conference at the White House June 7, 2018. Japan and the United States are working to hold their first bilateral trade talks under a new framework in July, Japan’s Foreign …

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Japan’s economy contracted as expected in the first quarter

Frederic Soltan | Corbis | Getty Images Aerial view of Tokyo from the Skytree Tower, a broadcasting, restaurant, and observation tower in Sumida, Tokyo on March 17, 2015. Japan’s economy contracted at an annualized rate of 0.6 percent in January-March, unchanged from a preliminary estimate issued last month, revised gross …

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Deutsche Bank reportedly discussing Commerzbank merger with top investors

Michele Limina | Bloomberg | Getty Images Paul Achleitner, chairman of Deutsche Bank AG Deutsche Bank Chairman Paul Achleitner is speaking with top shareholders about a potential merger with rival Commerzbank, Bloomberg reported. Achleitner has also discussed a possible merger with key German officials in recent months. There have been …

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Dennis Rodman’s trip to the North Korea summit may be funded by an obscure cryptocurrency used to buy marijuana

Jason Lee | Reuters Former NBA basketball player Dennis Rodman arrives at Beijing Capital International Airport as he leaves for North Korea’s Pyongyang, in Beijing, China, June 13, 2017. If former basketball star and de facto diplomat Dennis Rodman travels to Singapore next week for a summit between North Korea …

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