Major automakers are set to meet Thursday with the head of the U.S. Transportation Department and Environmental Protection Agency as the agencies begin a review of federal fuel efficiency rules that are a major piece of the climate change policy enacted by the Obama administration.
OTTAWA-- Evidence continues to point to "problematic conditions" in Canada's real-estate market, with house-price gains in Toronto and the surrounding regions rising at a pace that can't be justified by economic fundamentals, the country's housing agency said Wednesday. Canada Mortgage and Housing Corp. said its review of first-quarter real-estate data suggests "strong evidence of problematic conditions," even though there has been a weakening of house-price gains.
The Trump administration's proposal to slash tax rates on so-called pass-through businesses would deliver a windfall to investors in master limited partnerships and could offer a much-needed lift to this niche segment of the energy market.
Major automakers and other groups are raising objections to the way Volkswagen AG wants to spend $2 billion on electric vehicle infrastructure and projects, as part of the German automaker's atonement for diesel emissions cheating. Volkswagen plans to install hundreds of EV charging stations nationwide as part of the 10-year plan.
US DATA REACT: JPM economist Daniel Silver said "retail sales revisions cut into
1Q growth" so that "we are lowering our forecast for 1Q real GDP growth from
0.6% to 0.4% saar following the annual revision to the retail sales data that was released this morning." - He adds that "before the revision, the Census Bureau had reported that nominal
retail sales increased 4.0% saar in 1Q and that sales of the important control group rose 4.1% saar. But the updated figures now show retail sales growth of
only 3.7% saar in 1Q, with control sales up 3.0% saar. We now think that real consumption increased only 0.6% saar in 1Q (previously: 0.9%)."
Elev8 Brands, Inc. (VATE), a holding company focused on the commercial development of hemp and CBD-based products including hemp coffee, tea, and E-juices which target the health and wellness markets, announces Tom Shuman will join Elev8 Brands, Inc. (VATE) as a senior consultant.
The European car industry received a confidence boost Wednesday as the continent's manufacturers continued to post a raft of positive first-quarter results, raising expectations that the region will book a strong year that brings it closer to its pre-crisis record for new vehicle sales. Daimler AG (DDAIF), the maker of Mercedes-Benz cars, reported that quarterly net profit had doubled as sport-utility vehicle sales surged and raised its forecasts for the year.
* China's financial sector faces many risks and challenges-Xi. * Says China's financial risks under control. * Says regulators must strengthen financial supervision. Chinese President Xi Jinping called on Tuesday for increased efforts to ward off systemic risks to help maintain financial security, the official Xinhua news agency said.
04/26/17 -- New Frontier Data, the authority in business intelligence for the cannabis industry, has released, The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook . The report is the first to reveal the growing discrepancy in spending between recreational and medical consumers in the fastest growing industry in the country; months ahead of California, the largest consumer ...
CHINA PRESS: Sharply tightened monetary policy is unnecessary given that
controls over the financial sector have been strengthened, the China Securities Journal reported Wednesday, citing analysts. The pace of financial control
regulations is likely to intensify in the second quarter of this year, the analysts said. In addition, the People's Bank of China will keep liquidity in
the interbank market stable in a bid to buffer the short-term impacts from financial controls, the report noted, adding that a liquidity crisis and
bond-market crash are not foreseen in the short term. (China Securities Journal)
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