admin July 2, 2018

1. Tower of debt: Corporate America is drunk on easy money. US companies, encouraged by a decade of unbelievably low borrowing costs, are sitting on $6.3 trillion of debt, according to S&P Global Ratings. That sum, which excludes banks, is more than before the Great Recession — or any other time in history. Companies have […]

admin July 1, 2018

Canada has retaliated against US steel and aluminum tariffs by slapping its own penalties on American exports. The Canadian government confirmed Sunday that it has imposed tariffs on US exports worth 16.6 billion Canadian dollars ($12.5 billion). More than 40 US steel products attract tariffs of 25%. A tax of 10% has been levied on […]

admin July 1, 2018

BAE Systems has been chosen to provide new anti-submarine warfare frigates for Australia. British defense company BAE Systems has bagged a contract worth billions to build new warships for Australia. BAE (BAESF) beat out competition from Italy’s Fincantieri and Spain’s Navantia for the 35 billion Australian dollar ($26 billion) program to provide the new anti-submarine […]

admin July 1, 2018

More Americans are putting down Buds and Coors, instead grabbing wine, liquor, Corona and Michelob. Americans’ changing drinking habits have been taking shape for years, but the trend accelerated in 2018. Beer shipments from US breweries are down 3.5% so far this year, according to The Beer Institute, an industry trade group. The big four […]

admin July 1, 2018

President Donald Trump is attacking Harley-Davidson for planning to shift some of its motorcycle production overseas. Harley says it stands to lose as much as $100 million a year from new European Union taxes on motorcycles that it would ship from the United States. The EU raised its 6% tariff to 31% last week in […]

admin June 30, 2018

Amazon and Walmart are leaders in the retail business. But even as the two engage in an epic battle for the hearts, minds and wallets of American consumers and investors, another company in Amazon’s backyard is doing just fine too. Shares of Costco (COST), the warehouse retail giant based in Issaquah, Washington — a mere […]

admin June 30, 2018

Xiaomi’s big Hong Kong IPO is shrinking. The Chinese smartphone maker is set to raise about 36 billion Hong Kong dollars ($4.7 billion) after pricing its public offering at the bottom of the planned range, a person familiar with the IPO told CNNMoney. Earlier this year, Xiaomi was reported to have been seeking to raise […]