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SCOTT BROWN, CHIEF ECONOMIST, RAYMOND JAMES, ST. PETERSBURG, FLORIDA. “Many people are seeing this as less of an agreement and more of a ceasefire and it isn’t very clear on what both sides agreed to other than just a truce.”. “People are questioning the yield curve inversion as to whether the Fed has gone too far? Is there a recession ahead? And these questions are adding to the worries today.”. “We have had good growth this year, but it has got to slow down sometime at a more sustainable pace, it’s just a matter of labor market constraints.”.

RYAN NAUMAN, MARKET STRATEGIST, INFORMA FINANCIAL INTELLIGENCE, ZEPHYR COVE, NEVADA, “Right now it’s a bearish sentiment, As soon as investors digested the information from the discussions university of north carolina needlepoint cufflinks they focused on the uncertainties and lack of details.”, “This (yield curve) is an additional negative that investors now have to deal with.”, “It is a risk-off environment because we are seeing those trade-sensitive stocks being sold off first, There is a sell-off in financials due to the flattening of the yield curve because that would significantly impact the earnings power of banks.”..

WOLFSBURG, Germany (Reuters) - Volkswagen’s (VOWG_p.DE) strategy chief said on Tuesday the German carmaker’s core brand will develop its final generation of vehicles using combustion engine technology in 2026. Volkswagen made a strategy shift toward battery-driven vehicles in the wake of a damaging diesel-emissions cheating scandal in 2015, which forced the carmaker to pay more than 27 billion euros in fines for hiding excessive pollution. “In the year 2026 will be the last product start on a combustion engine platform,” Michael Jost told the Handelsblatt automotive summit conference at Volkswagen’s headquarters in Wolfsburg, Germany.

A spokesman confirmed Jost’s remarks meant that VW, Europe and China’s best selling passenger car brand, will focus on electric cars instead, VW will continue to adapt its petrol and diesel engined cars to meet environmental standards during the lifetime of those vehicles, but the university of north carolina needlepoint cufflinks German carmaker is now committed to radical steps to stop global warming, Jost said, As a way to meet the goals of the Paris climate accord, Volkswagen has changed its car development benchmarks to include the target of radically cutting levels of carbon dioxide pollution in production as well, Jost said..

BRUSSELS (Reuters) - European Union finance ministers failed to agree a tax on digital revenues on Tuesday, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to companies like Google (GOOGL.O) and Facebook (FB.O). The European Union’s executive arm proposed a 3 percent tax on big digital firms’ online revenues in March, alleging the companies funnelled profit through states with the lowest tax rates. The tax requires the support of all 28 EU states, including small, low-tax countries like Ireland which have benefited by allowing multinationals to book profits there on digital sales to customers elsewhere in the European Union.

The setback is a blow to French President Emmanuel Macron, as his government had invested considerable political capital in the tax, It is also seen in Paris as a useful example of joint European action before EU parliament elections next year, In the original European Commission proposal, the tax was intended to be a temporary “quick fix” until a broader solution could be found among university of north carolina needlepoint cufflinks OECD members, But this was opposed by Ireland and some Nordic countries, leading French and German finance ministers to focus solely on online advertising revenues instead..

While this met with misgivings and outright opposition from at least four other ministers at a meeting in Brussels, they agreed to keep talking, said Austrian Finance Minister Hartwig Loeger, whose country holds the rotating EU presidency. A broader turnover tax on firms with significant digital revenues in Europe would have hit companies such as Apple (AAPL.O) and Amazon (AMZN.O) harder, but the Franco-German proposal would not cover data sales and online marketplaces. “I continue to have strong principled concerns about this policy direction,” Irish Finance Minister Paschal Donohoe told his EU counterparts in a debate on the tax.

U.S, lawmaker Kevin Brady, chairman of the tax-writing Ways and Means Committee in the House of Representatives, welcomed the failure of the proposal, calling the tax a “revenue grab” aimed at an industry dominated by American firms, “Rather than pursuing measures like this that would result in double taxation,” he said, “countries should continue working together through the OECD framework university of north carolina needlepoint cufflinks on the important global dialogue regarding the digital economy.”, Companies with big online advertising operations like Google and Facebook would be most affected by the Franco-German proposal as they make up the majority of the market in Europe..



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