Hyundai announced investment of $3.1 billion in U.S. amid Trumps pressure

According to reports, South Korean auto-maker Hyundai Motor Co announced on Tuesday that it plans to inject as much as $3.1 billion in its current U.S. manufacturing facilities, and is considering a new plant in the world’s most lucrative auto-market that would help to produce thousands of new jobs.

The locomotive group, which comprise partner Kia Motors Corp., announced it plans to invest the cash over the next five years on research and development of new technologies such as driverless cars and on improving existing abilities.

“The U.S. market is crucial to our success as a global auto maker. We will continue to expand our presence in the key market. Our investment will also help the U.S. efforts to create more jobs,” Hyundai Motor President Chung Jin-haeng said in a separate interview.

The statement arrives as auto-makers face pressure from the President-elect Donald Trump’s administration to assemble more cars in the U.S.

Recently another giant car-maker Toyota Motor Corp. increased efforts to highlight its contribution to the U.S. economy, in the wake of disapproval from President-elect Donald Trump, saying that it plans to inject billions of dollars into the country in future.

Meanwhile Fiat Chrysler Automobiles NV has also said it would invest $1 billion in two current plants in the U.S., generating what it says will be 2,000 new jobs.

These announcement by global car makers arrives following criticism from Mr. Trump, who has been sending a series of social-media posts aimed at auto-makers including Toyota over their plans to make factories in Mexico, and has openly threatened significant rise of border taxes on cars coming to the U.S.

Donald Trump warned Toyota to face heavy border taxes on cars made in Mexico

US president-elect Donald Trump has alarmed Toyota with a tweet that it will have to face hefty tariffs on cars built in Mexico for the US market if it manufacture Corollas south of the border.

He said the Japanese giant would have to pay much larger “big border tax” if such plan went ahead.

During his election campaign and even after American car makers have faced severe criticism from Mr Trump for making cars more economically outside the US.

Meanwhile Toyota’s President Akio Toyoda announced that the company had no instant plans to hault production in Mexico.

“We will consider our option as we see what policies the incoming president adopts,” said Mr Toyoda, speaking in Japan on Thursday.

The company’s US body issued a statement saying production and employment levels at Toyota in the US would not drop as a result of the new plant in Mexico. The company has 10 manufacturing plants in the US.

“Toyota looks forward to collaborating with the Trump Administration to serve in the best interests of consumers and the automotive industry,” the statement said.

Furthermore in response Japan’s trade minister Hiroshige Seko, said in a statement on Friday, that the new US administration needed to recognize that his country’s auto industry “has greatly contributed to the US economy”.

Not just Toyota Mr Trump has already targeted American carmakers General Motors and Ford for making cars in Maxico.

Following the statement about Ford, Us giant cancelled its plans for a $1.6 billion plant in Mexico and said it would swell operations in the US instead, but said this was due to market deliberations.

In mid-2015 Japanese giant Toyota revealed to build a $1 billion Corolla factory in central Mexico.

Alibaba Group Holding Ltd (NYSE:BABA) disappointed on put back on US forgeries blacklist

According to latest reports Chinese internet giant Alibaba Group Holding Ltd (NYSE:BABA) is back on the US’s “notorious markets” list over fake goods sales.

In 2012 online shopping giant was removed from the list, but US establishments say the firm’s online platform Taobao is used to sell “high levels” of fake goods.

Meanwhile the firm has completely denied the accusations, maintaining it regulates and its market place better than in the past. Alibaba Group Holding Ltd (NYSE:BABA) also said that the “current political climate” in the US has been a major cause to put it back on the list.

During his election campaign US President-elect Donald Trump had, frequently accused Chinese companies of stealing intellectual property.

Furthermore Alibaba Group President Michael Evans said in a statement that he is not happy by the decision and asked whether it was “based on actual facts or was influenced by the current political climate.”

Both Alibaba and its market place Taobao have long been accused of being a platform for forged merchandises.

In the recent times Taobao said to stiffened controls on its sale of luxury goods, demanding sellers to show proof of authenticity.

However In May, Alibaba was put off from the International Anti-Counterfeiting Coalition (IACC) regulator over piracy alarms.

Above 250 members, comprising Gucci America and Michael Kors, said they would leave the IACC in protest at Alibaba Group Holding Ltd (NYSE:BABA) membership.

Moreover Alibaba Group Holding Ltd (NYSE:BABA) (China’s biggest online retailer) soared on the New York Stock Exchange in September 2014 and smashed records by raising $25 billion.

Trump didn’t invite Twitter Inc. (NYSE:TWTR) in Tech Meeting because of size

According to latest reports US President-elect Donald Trump didn’t invite Twitter Inc. (NYSE:TWTR) for a meeting of top technology company executives on Wednesday citing the company’s size is too small.

The exclusion of social media giant from the meeting stunned plenty in the industry given Trump has been a regular user of the twitter during his election campaign and the company’s high profile in debates over policy issues such as cyber security and the spread of violent online publicity.

“They weren’t invited because they aren’t big enough,” the transition official said.

Twitter has a market capitalization of $13.85 billion, it is definitely smaller than the giant like Facebook and Amazon, companies that were invited in the meeting in New York.

Meanwhile the smallest firm in attendance was electric car maker Tesla, with a market capitalization of $31.92 billion.

During the presidential election campaign Twitter’s platform played a huge role in Trump’s ability to express directly to millions of voters. Trump took full advantage of his sizable following on Twitter to avoid traditional media to speak directly to the public and even to bash his opponents.

Furthermore throughout the Obama administration, Twitter was a regular partaker in meetings meant to discourse technology concerns, especially given its use by groups such as Islamic State and the ease with which the site is used for online bullying.

Moreover twitter and Trump have a little bit history as reports said that Trump’s election campaign wanted have an emoji, or small picture, that would show up on tweets during the second presidential debate anytime Twitter users tweeted the phrase “#Crooked Hillary,” Republican Trump’s nickname for his Democratic opponent Hillary Clinton. But Twitter rejected the deal, saying it might deceive users who would not be able to tell that the campaign had paid for the emoji.

Though Trump’s team had completely denied this reasoning by saying President-elect has had public rows with other leaders who were called, like Amazon CEO Jeff Bezos, and Apple CEO Tim Cook, who hosted a fundraiser for Clinton.

Home Depot (NYSE:HD) announced upbeat results and raised its full-year outlook

A home improvement retailer Home Depot (NYSE:HD) announced its third quarter results, as it reported sustained sales growth during the period, another sign that the housing market is on the way up.

Home Depot (NYSE:HD) stock, which was on the downhill over the past three months, took the U-turn to surge 1.6% to $129.65 in premarket trading.

The company is now expecting earnings per share of $6.33 for the full year, adding to its previous outlook by two cents. It continues to expect sales to rise 6.3%.

Meanwhile the Atlanta-based company has continued to post growing sales as the housing market improves and Americans become more and more willing to spend on home-improvement projects. Dropping mortgage rates have retained higher prices within reach of many borrowers and prices have shot up in many U.S. housing markets over the past couple of years.

However the unexpected result of newly elect president has led to a surge in bond yields and, in turn, mortgage rates, potentially impacting housing prices.

Donald Trump has also made growing infrastructure investments over the next decade one of his top priorities as president, possibly boosting companies like Home Depot.

In the last quarter, sales at Home Depot stores open at least a year surged 5.5%.  Meanwhile Analysts were forecasting 4.5% growth.

In total, Home Depot posted an earnings of $2 billion, or $1.60 a share, that was up from $1.73 billion, or $1.35, year over year. Company’s revenue surged 6.1% to reach $23.15 billion.

In the meantime analysts were projecting earnings of $1.58 a share on $23.04 billion in sales.

According to the official figures, Home Depot operated 2,276 retail stores in all 50 states, Canada and Mexico by the quarter end. The company’s sales per square foot surged 4.3% as the amount the average customer spent go up 3%.

Facebook Inc. (NASDAQ:FB) denied allegation of helping trump win the election

After the big surge of negative comments that bogus news on social media network Facebook Inc. (NASDAQ:FB) helped the course of Donald Trump campaign, company’s founder and CEO Mark Zuckerberg has strongly defended his network.

In an announcement, Mr. Zuckerberg said that his social networking site should not be held responsible.

Zuckerberg said first of all “The idea that fake news on Facebook influenced the election in any way is a pretty crazy idea.”

“If you believe that then I don’t think you have internalized the message Trump supporters are trying to send in this election.”

Recently some data has shown that bogus stories were being far more extensively shared on the platform than follow up stories exposing the claims.

It has been seen that for so many people, mostly in America, Facebook is becoming the major source of news reporting.

Facebook’s news Feed is specially intended to demonstrate users content it thinks will be of most attention, creating what some describe as a “filter bubble” that strengthens a person’s view without adding differences in opinion.

Before that in the start of 2016, Facebook was held responsible of being anti-Trump after it was assumed its human moderators were supporting liberal stories appearing in people’s “trending stories” box.

It was reported afterwards that Facebook did sack its human-team, in its place relying solely on an algorithm to control which stories were shown to be most popular, meanwhile completely denying that claim.

In the result, stories which were later proved entirely wrong came on the timelines of a big number of users.

On the question of checks and balances required to keep a company like Facebook on track, Mr Zuckerberg emphasize the importance of “listening to what people want”.

He further said “My goal, and what I care about, is giving people the power to share so we can make the world more open and connected. That requires building a good version of News Feed. We still have work to do on that. We’re going to keep improving it.”

Alibaba Group Holding Ltd (NYSE:BABA) could face tough times ahead following Trumps victory

Following the completely out of blue moon victory of  Donald Trump in the US presidential election Chinese internet companies are set to face an enormous chaos and Alibaba Group Holding Ltd (NYSE:BABA) will be the biggest sufferer.

During his election campaign, Mr. Trump vowed to topple international trade, he quoted at one place that China is “killing us” on trade policy and suggesting prices on Chinese merchandises of as much as 45%.

In case if he managed to apply his ideas that could lead to “devastating” results, from international trade wars to higher costs of living, and “spell the end of globalization,” according to Darrell West, a vice president at the Brookings Institution.

“He was very critical of Chinese trade agreements and has threatened to rip them up,” West said. “If he did that, the consequences for Chinese companies would be enormous.”

US new president’s international business policies, are poised to be the biggest threat to e-commerce giant like Alibaba.

Baidu and Tencent won’t be affected that much as they emphasis on the domestic Chinese market. However Alibaba has a noteworthy part of its business knotted to trade in the U.S. Biggest tariffs on Chinese goods would reduce demand for its AliExpress site, where Chinese sellers sell their items to the U.S. consumers.

Likely trade disagreements could completely upset sales on its Tmall platform, in which U.S. and international brands do their sales to Chinese consumers.

“Given the direct and indirect risks, the election probably has the greatest impact on Alibaba more than any Chinese internet business,” said Gil Luria, an analyst at Wedbush Securities Inc. “If there are disruptions in trade, it would impact the willingness and likelihood of U.S. brands and retailers to take an active part on Tmall.”

In the meantime, Alibaba’s spokesperson said in a statement that it is definitely not focusing on customers in the U.S. especially in the near future, instead the company is aggressively trying to lure customer in developing markets first.