UK PM May Faces Parliament Revolt, Plot to Oust Her

UK PM May Faces Parliament Revolt, Plot to Oust Her

FLASH: Theresa May summons Brexiteers to ward off coup. UK Prime Minister Theresa May was holding crisis talks with colleagues on Sunday working to revive her 2X Brexit deal after reports that her Cabinet was plotting to topple her. The United Kingdom’s exit from the European Union was already slipping from Mrs. May’s weakened grasp […]

Now Seeing a No-Deal BREXIT

Now Seeing a No-Deal BREXIT

FLASH: BREXIT Agreement Negotiated by EU and U.K. Government Won’t be Reopened, EU Chief Tusk Says JPMorgan Chase & Co. CEO Jamie Dimon said UK PM Theresa May’s request to the European Union for a 3-month extension of the BREXIT deadline will not remove uncertainty associated with the impasse and raises the odds of a […]

BREXIT Delay Ahead

BREXIT Delay Ahead

UK Prime Minister Theresa May will ask the EU to delay BREXIT by at least 3 months after her plan to hold a 3rd vote on the divorce deal was thrown into disarray by a surprise intervention from the speaker of Parliament. Nearly 3 years after Britain voted narrowly to leave the EU, its departure […]

‘BREXTENDED’ Voted in UK Parliament

‘BREXTENDED’ Voted in UK Parliament

FLASH: UK Parliament voted Thursday to seek a delay of the country’s departure from the European Union, a move that will likely avert a chaotic withdrawal on the scheduled exit date of March 29. With Brexit due in 15 days and no divorce deal yet approved, the House of Commons voted 412-202 to ask the […]

China Welcomes Delay of US Tariff Hikes

China Welcomes Delay of US Tariff Hikes

FLASH: The US Trade Representative’s office delayed a scheduled hike in tariffs on Chinese goods from 10 to 25% Friday, ahead of the official publication notice this coming Tuesday. Saturday, China said that it welcomed the release of language from the United State Trade Representative’s office (USTR) delaying a scheduled hike in US tariffs on $200-B worth of Chinese goods. In a […]

Tesla’s (NASDAQ:TSLA) M-3 Delayed, Cash Burns, Biggest Q Loss Ever

Tesla’s (NASDAQ:TSLA) M-3 Delayed, Cash Burns, Biggest Q Loss Ever

Tesla’s (NASDAQ:TSLA) M-3 Delayed, Cash Burns, Biggest Q Loss Ever $TSLA Tesla, a Waterfall of Misses TSLA shares down nearly 6% and falling pre-market in NY, as the Quarterly loss was bigger than any analyst expected. Tesla (NASDAQ:TSLA) posted a net loss of $619.4-M, or 3.70/share, for Q-3 ended 30 September compared with a profit […]

Bad Weather Causing Delays and Diversions at Dubai International Airport

Bad Weather Causing Delays and Diversions at Dubai International Airport

Bad Weather Causing Delays and Diversions at Dubai International Airport More than a dozen inbound flights were diverted due to poor weather conditions Bad weather caused delays and diversions at Dubai International Airport yesterday on 1 of the busiest weekends of the year. Dubai Airports said 15 inbound flights were diverted and a number of […]

SEC Approves New Stock Exchange after Long Debates and Delays

SEC Approves New Stock Exchange after Long Debates and Delays

SEC Approves New Stock Exchange after Long Debates and Delays The US is getting a new stock exchange. After months of delays and a lobbying battle that divided Wall Street, the IEX Group won approval Friday from the Securities and Exchange Commission (SEC) to become the nation’s 13th official stock exchange. IEX is run by the […]