Minggu, 14 April 2019

Trump Slams Fed Again, Says Stocks Should Be 5000-10000 Higher - Bloomberg

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  1. Trump Slams Fed Again, Says Stocks Should Be 5000-10000 Higher  Bloomberg
  2. Why Donald Trump's Fed picks Stephen Moore and Herman Cain have caused such a ruckus  USA TODAY
  3. Would a political Fed rescue the world?  Reuters
  4. What Donald Trump gets right about the US economy  Financial Times
  5. Trump says Federal Reserve is holding back stock market, economy | TheHill  The Hill
  6. View full coverage on Google News

https://www.bloomberg.com/news/articles/2019-04-14/trump-slams-fed-again-says-stocks-should-be-5-000-10-000-higher

2019-04-14 15:10:00Z
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Volkswagen plans to take on Tesla's Model X in China - CNBC

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero emissions vehicles.

The planned new SUV is the latest move in Volkswagen's aggressive growth strategy in China, where electric cars are given preferential treatment by authorities.

VW said its ID ROOMZZ, which it presented in Shanghai on Sunday, will have three rows of seats and an operating range of up to 450 kms. The concept car is capable of a "level 4 autonomous driving", VW said.

VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.

"We plan to produce more than 22 million electric cars in the next 10 years," Diess said, adding that around half of VW's engineers were working on products destined for China.

Diess said the ID ROOMZ would eventually be rolled out to other markets.

To enhance the VW Group's research and development capabilities, Volkswagen and its premium brand Audi will combine their R&D operations in China.

VW brand's head of e-mobility Thomas Ulbrich said the carmaker will start ramping up production of 33 electric cars by mid-2023, using VW Group's modular electric car (MEB) platform to build electric cars for the Skoda, Seat, Audi and VW brands.

Ulbrich said VW Group is converting 16 factories worldwide to enable mass production of electric vehicles, of which eight plants will be making VW branded car.

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https://www.cnbc.com/2019/04/14/volkswagen-plans-to-take-on-teslas-model-x-in-china.html

2019-04-14 13:55:57Z
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More Than 200K Mazda 3 Cars Recalled In U.S., Canada - HuffPost Canada

OTTAWA — Mazda is recalling more than 200,000 Mazda 3 compact cars in the U.S. and Canada because the windshield wipers can fail.

The company says in documents posted Saturday by the U.S. National Highway Traffic Safety Administration the recall covers cars from the 2016 through 2018 model years.

The Japanese automaker traced the problem to metal deposits that can cause a wiper relay to stick, knocking out the wipers and limiting driver visibility.

No reports of crashes, injuries

It says it has no reports of crashes or injuries due to the problem.

Transport Canada says the recall affects more than 51,000 units in Canada.

It says owners can take their vehicle to a dealer to have the front body control module replaced.

With files from The Associated Press

Also on HuffPost:



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April 14, 2019 at 01:42AM

In California, giant Stratolaunch jet flies for first time - CANOE

Chevron Mega-Deal Highlights the Revival of American Energy - Bloomberg

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  1. Chevron Mega-Deal Highlights the Revival of American Energy  Bloomberg
  2. Chevron is buying Anadarko for $33bn - Texas hold 'em  The Economist
  3. Chevron to gain Anadarko’s offshore Guyana oil assets after takeover  Stabroek News
  4. Chevron-Anadarko: Nice Premium, But Focus on the Price  Bloomberg
  5. Chevron pumped up over $50bn acquisition of Anadarko  The Times
  6. View full coverage on Google News


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April 13, 2019 at 05:53AM

Fisher-Price recalls Rock 'n Play sleepers in U.S. after more than 30 babies die - CBC.ca

Fisher-Price has recalled nearly five million infant sleepers in the United States after more than 30 babies died in them over a 10-year period.

The U.S. Consumer Product Safety Commission said anyone who bought a Fisher-Price Rock 'n Play sleeper should stop using it right away and contact Fisher-Price for a refund or voucher. The sleepers, which are used to put babies to sleep, are soft-padded cradles that vibrate.

In announcing the recall on Friday, Fisher-Price and the CPSC said the deaths occurred after infants rolled over from their backs to their stomachs or sides while unrestrained, but did not specify how they died. In an article this week, Consumer Reports found that some of the infants died from suffocation.

A safety warning was issued last week, but the American Academy of Pediatrics urged Fisher-Price and the CPSC to recall the sleepers, calling them "deadly."

Health Canada said Saturday that the Fisher Price Rock 'N Play Sleeper is "not permitted for sale in Canada."

"If Health Canada determines this product was made available in Canada, it will take appropriate action as necessary," a spokesperson said in an email.

In a statement, Fisher-Price said that it stood by the safety of its products and said it issued the voluntary recall "due to reported incidents in which the product was used contrary to the safety warnings and instructions."

The recall covers about 4.7 million sleepers, which sold for between $40 and $149 US since 2009.



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April 14, 2019 at 03:14AM

Legalization led to people trying cannabis for the first time ever - CTV News

VANCOUVER -- Cindi Phelps never imagined herself running a pot shop. She smoked weed as a teenager, but as an adult she says she became "cranky" about cannabis, endlessly lecturing her kids and judging everyone who touched the stuff.

It was only when she neared 50 that she realized marijuana could soothe her pain from a chronic health issue. Now that she manages the Tamarack Cannabis Boutique in Kimberley, B.C., Phelps can relate to customers who are nervous about trying pot for the first time in decades -- or ever.

About 15 to 20 per cent of her customers fall into this category, and most are baby boomers, she said.

"They had their kids. They had their family. Now they're retired and they'd like to try it again," she said. "It's legal, they don't feel they're going to get arrested for it."

When Canada legalized weed on Oct. 17, 2018, it wasn't clear how it would affect the stigma around cannabis or the habits of non-marijuana users. Six months later, early data and interviews with store operators suggest a considerable number of Canadians are lighting up for the first time.

Nearly 14 per cent of cannabis users surveyed by Statistics Canada from mid-November to mid-December had just begun using weed within the previous three months. The period they were asked about includes time before and after legalization, but the percentage of new users jumped noticeably compared with previous quarters, when they ranged from 4.7 to 7.8 per cent.

The agency found that new users spanned all age groups. However, use among people aged 24 to 35 declined slightly in the months as legalization was unfolding, while it grew among all age categories above 35.

Legalization has drawn a whole new segment of people who prefer to use legal cannabis and are willing to pay more for it, said Jennifer Lee, the lead partner managing the cannabis sector for consulting firm Deloitte.

"Government oversight does bring a whole new cohort to the market," she said. "They could have tried it on the black market. They just chose not to, because they wanted to know it was a safe product."

Generally, she said her research has shown that people over 55 are most enticed by this market, because they dabbled in marijuana years ago and can afford to pay more for legal weed.

People with no cannabis experience often ask for cannabidiol, also known as CBD, a non-psychoactive extract that is used to treat pain and anxiety, said Mike Babins, owner of Evergreen Cannabis in Vancouver.

"They come in here saying, 'I have no desire to get high. I just want CBD,' " Babins said. "And we say, 'Why? What's so wrong with being high? Do you think it's like all those old propaganda movies and you're going to think you're a bird and you're going to jump out the window with all the pretty colours and your family will find you dead on the front lawn?' "

Sometimes people still want to stick with CBD, but for those who are willing to try cannabis containing THC, the mind-altering ingredient, staff guide them toward lower-dose products and advise them to start slow and enjoy their experience, he said.

Customers have said they've been waiting for it to be legal and they're tired of drinking too much alcohol at night, Babins said.

"They have a whole bottle of wine after dinner instead of a glass of wine with dinner," he said. "A lot are just saying, 'I have too much stress and I've been dealing with it the wrong way.' "

Many first-timers or first-time-in-a-long-timers wind up becoming repeat customers, Babins and other store owners said.

Statistics Canada data also indicates former users are considering picking up the habit again. The most recent survey found 19 per cent of Canadians think they will use cannabis in the next three months, compared with the 15 per cent who are current users.

Former users were more likely to report that they will use than people who had never used -- 13 per cent compared with 2 per cent.

Krystian Wetulani, founder of City Cannabis Co., said his two licensed locations in Vancouver have seen a huge uptick in customers aged 45 to 65 since they started selling legal cannabis.

People in this age group seem to feel more comfortable now because they know the cannabis is tested to meet Health Canada standards, he said, and they don't have to sign their name to anything, such as a medical-dispensary membership card.

Toronto's first legal cannabis store The Hunny Pot has also seen a "huge influx" of first-time consumers, including locals and tourists, since it opened two weeks ago, said communications officer Cameron Brown.

As for those who haven't used cannabis for decades, they're surprised by how much variety there is now, he said.

"There is a lot of education," he said.

"(We're) making sure that we're going through all the different steps with them, talking about the different THC levels, talking about the different strains and how they affect different people, but still trying to find what will work best for them."



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April 14, 2019 at 06:18PM