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Tesla CEO Elon Musk said the Model 3 sedan will receive a software update to address braking issues described by Consumer Reports. The publication did not recommend the vehicle, criticising its stopping distance, touchscreen, ride quality, rear seat, and the amount of wind noise it […]

Shopify shares slipped by more than six per cent in today after its rival Magento Commerce was bought by Adobe Systems. read more >>> Source:: CTVNews.Ca

Weakness in the greenback supported recovery momentum in the rupee. read more >>> Source:: EconomicTimes.IndiaTimes.Com

China said Tuesday it will reduce auto import duties effective July 1 following pledges to buy more U.S. goods and end restrictions on foreign ownership in the industry. read more >>> Source:: CTVNews.Ca

The House will vote on a bill to roll back a number of Wall Street regulations. The bill will head to President Donald Trump if it is passed. The bill would lift regulations on community and regional banks, while preserving many rules established under the […]

Kohl’s first-quarter earnings beat on both the top and bottom lines. Comparable sales increased 3.6%, surpassing the 2.7% estimate. Kohl’s raised its full year 2018 guidance. Shares rise more than 5% before the opening bell. Watch Kohl’s trade in real-time here. Kohl’s is rising more […]

Electronics and entertainment company Sony Corp. said Tuesday it plans to spend US$2.3 billion acquiring an additional 60 per cent stake in EMI Music Publishing, home to the Motown catalogue and contemporary artists like Kanye West, Alicia Keys and Pharrell Williams. read more >>> Source:: […]

Oil prices could rise to $100 driven higher by a “combination of global demand strength, OPEC restraint, and geopolitical and sanctions related uncertainty,” analysts at UBS say. The economic consequences of such a move would be huge, and could even signal a recession in the […]

The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. read more […]

Here is what you need to know. China cuts tariffs on auto imports as talk of Trump’s trade war eases. Import tariffs will be cut to 15% for most vehicles from 25% from July 1, China’s Ministry of Finance said in a statement. A major […]

Goldman Sachs conducts a regular survey of large investment managers, and the latest version featured findings from 848 hedge funds overseeing a gross total of $2.3 trillion in stock positions. The firm found that three large changes are underway for the market’s largest investors, and […]

A major sell-off is underway in the US corporate debt market. US corporate debt is suffering one of its worst sell-offs in 18 years, according to JPMorgan research. The widely watched ICE Bank of America Merrill Lynch corporate debt indices shows that investors in investment […]

Elevated oil prices and political uncertainty have sent the rupee 3 per cent below the year-end. read more >>> Source:: EconomicTimes.IndiaTimes.Com

When G7 finance and international development ministers convene in British Columbia next week, Canada hopes the meetings will generate fresh ideas on how aid money can be leveraged to entice the private sector to boost investments in poorer parts of the world. read more >>> […]

Size doesn’t always mean wealth when it comes to the world’s richest countries, according to data published in April by the International Monetary Fund. Twice a year the IMF releases a huge dump of data about the economic power of the world’s nations, with gross […]

Hydro One Ltd. and Avista Corp. say their proposed merger has cleared another hurdle in the U.S. read more >>> Source:: CTVNews.Ca

Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government. read more >>> Source:: CTVNews.Ca

The NYSE has named Stacey Cunningham as the successor of president Tom Farley, a spokeswoman told Business Insider. Farley is leaving the exchange to lead a venture backed by Daniel Loeb’s hedge fund, according to a report by The Wall Street Journal. The parent company […]