Business

Vice president: Iran launches plan to counter new United States sanctions

Early on Monday the USA imposed its "toughest ever" sanctions on Iran that it had earlier lifted after the signing of the nuclear agreement in July, 2015 between Tehran and Russia, China , the UK, France, Germany and the US. As US sanctions created to push Iran's oil exports to zero came into effect on Tuesday, the hardline initially signaled by President Donald Trump softened as the deadline approached.

Business

How Trump plans to spend Election Day

If Republicans maintain their hold on both the Senate and the House of Representatives , they could build on their agenda and that of President Trump. Candidates and their supporters are using the downtime to phone bank voters who still haven't voted and walk as many neighborhoods as possible. "I'd love to get along and I think after the election a lot of things can happen", Trump said.

Business

Trump's national attention turns to state races

If not, the race for the next presidential election in 2020 is well and truly on. So everyone should be prepared for surprises - because there always are some. Joe LaVorgna at Natixis noted Monday that in the 24 instances since 1922 that there have been midterm elections , the S&P 500 has done quite poorly in the nine months leading in the election, rising just 0.6% on average, but in the nine months following midterms, the S&P 500 has an average return of 14.4%.

Business

Amazon Is Offering Free Shipping For All

Amazon hopes to boost sales and add new Prime members along the way. The best guess is that it will run through the holiday season until a week or so before Christmas-while Amazon can still guarantee delivery by the holiday. USA online retail sales in November and December will rise 14.8 percent, to $124 billion, software maker Adobe said last week in a forecast based on data from 80 of the 100 largest online retailers.

Business

Trump, Obama tout clashing visions of USA as elections near

Among registered voters, 71 percent say the economy is good or excellent, up from 60 percent in August. Among those who say they are very likely to vote or have already voted, Democrats lead by 4 percentage points, 47 percent to 43 percent.

Business

Rona and Lowe's stores to close in northeastern Ontario

Lowe's also plans to close its regional support centres in Mississauga, Ont., and St. John's, N.L., as well as a truss plant in St. John's, N.L., and a block plant in Kamloops, B.C. Under Ellison, the company has also eliminated four senior positions, while creating two new senior roles for stores and supply chain. That includes, for instance, retooling inventory to ensure popular products are always in stock, and that Lowe's clears out unpopular products that gather dust on the shelves.


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