Money

Money United States targets Chinese tech with a 25 percent tariff
Author: 0 United States targets Chinese tech with a 25 percent tariff

Mr Trump said the tariffs were "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs". "China has, for example, always been engaging in several unfair practices related to the acquisition of American intellectual property and technology".

Money European Central Bank to weigh end to stimulus program
Author: 0 European Central Bank to weigh end to stimulus program

The Euro slipped against other currency majors, tumbling by it's biggest amount since 2016 versus the Dollar, with a 1.9% fall. The Australian sharemarket staged a relief-rally along with European stocks while the Australian dollar tumbled after the European Central Bank calmed eurozone rate rise fears last night.

Money Iran, other dissenters complicate OPEC oil output boost
Author: 0 Iran, other dissenters complicate OPEC oil output boost

OPEC and its Russia-led non-OPEC allies are up for a very heated meeting next week, but it looks like the leaders of the two groups-Saudi Arabia and Russia-believe that they will persuade dissenters to agree to some sort of a production boost.

Money Manipulation of Tether Pushed up Bitcoin’s Price
Author: 0 Manipulation of Tether Pushed up Bitcoin’s Price

Tether , another digital currency tied to the United States dollar, was used to artificially inflate bitcoin prices , according a study released Wednesday by the University of Texas. The 66-page paper has no proof against Bitfinex , which is registered in the Caribbean with offices in Asia. Long-time tether critic Bitfinexed has been alleging as much for months, and successfully persuaded a portion of the cryptocurrency community that tether-led market manipulation was rampant.

Money China vows fast response to United States tariffs
Author: 0 China vows fast response to United States tariffs

Beijing responded to the move by saying that it intends to impose similar tariffs on U.S. imports, raising the specter of a full-blown trade war between the two economic giants. A recent study by Ohio State University found that a farmer in Ohio could lose more than half of his annual net income if China imposes a 25 percent tariff on US soybeans and corn.

Money One officer killed, another critically injured at Kansas City courthouse
Author: 0 One officer killed, another critically injured at Kansas City courthouse

Lionel Colón says he doesn't know if the woman was armed with the sword when she was killed. The suspect was also shot during the confrontation in a gated area near the Wyandotte County Courthouse in Kansas City, Kansas. Police in Kansas City are facing tough questions after shooting and killing three people in less than an hour. The deputies were shot after a suspect overpowered at least one of them and perhaps took a weapon, said Major Kelli Bailiff of the Wyandotte Sheriff's ...

Money Elizabeth Holmes, Theranos founder, charged
Author: 0 Elizabeth Holmes, Theranos founder, charged

Theranos announced Friday that Holmes was resigning as CEO. Although Theranos claimed its "miniLab" blood analyzer could perform a full range of tests, Holmes and Balwani knew their analyzer "had accuracy and reliability problems, performed a limited number of tests, was slower than some competing devices, and could not compete with larger, conventional machines in ...

Money Trump announces 25% tariff on Chinese imports
Author: 0 Trump announces 25% tariff on Chinese imports

Officials would not say whether Pompeo explicitly informed the Chinese that the tariffs would be coming imminently. "China's government is aggressively working to undermine America's high-tech industries and our economic leadership through unfair trade practices and industrial policies".

Author: 0 McDonald's to phase out plastic straws from September

McDonald's announced Friday that it would start testing an alternative to plastic straws in some of its US restaurants, and would completely phase out the products in some of its European locations. The global fast food chain has 1,361 restaurants in the UK. According to McDonald's, the new straws will use paper from certified sustainable sources.

Money Honey Smacks recalled after 75 people report falling ill
Author: 0 Honey Smacks recalled after 75 people report falling ill

The Battle Creek-based cereal giant said in a news release it is voluntarily recalling 15.3 ounce and 23 ounce packages of the cereal, following an investigation with a "third-party manufacturer who produces Honey Smacks ". The illness usually lasts four to seven days. The 23.0 ounce box has a UPC code of 38000 14810. If you have any of the cereal, even if some has been eaten without illness, throw the rest of it away and return it for a refund.

Money No one earning minimum wage can afford a modest apartment says report
Author: 0 No one earning minimum wage can afford a modest apartment says report

What do you get when you combine minimum wage with increasing apartment rents ? The report found that a Vermonter on Supplemental Social Security Income, for example, could only afford to pay $241 toward rent a month. Among those jobs: personal care aides and food preparation jobs. "Building that political will take a combination of increased civic engagement-to ensure that low-income renters vote at similar rates as higher income homeowners - and expanded coalitions that include the health, ...

Money Chinese, US senior officials agree to promote ties
Author: 0 Chinese, US senior officials agree to promote ties

At the same event, Cohn said the U.S. needs to "enforce the rule of law" on China's perceived theft of USA intellectual property. The U.S. has already imposed tariffs of 25 percent on steel and 10 percent on aluminum from a wide range of nations, including China.

Money Wins O'Hare Airport train contract
Author: 0 Wins O'Hare Airport train contract

This undated artist's rendering provided by The Boring Company , shows part of a proposed high-speed underground transportation system that will transport passengers from downtown Chicago to O'Hare International Airport. And Boring's technology is good enough that officials in Los Angeles and Baltimore recently have signed off on initial projects that could lead to much bigger efforts, such as a vacuum tube "hyperloop" from Baltimore to Washington, D.C., and eventually NY.

Money Two women get kicked out of Uber after kiss
Author: 0 Two women get kicked out of Uber after kiss

Video footage shows the unidentified driver opening the door to the backseat as Iovine asks him why they're being thrown out. Iovine says the two are aware of Uber's policy against riders having sex in the backseat, but that the kiss was far from objectionable.

Money Germany orders Daimler to recall 238,000 diesel vehicles
Author: 0 Germany orders Daimler to recall 238,000 diesel vehicles

However, the software defeat devices, which can allegedly reduce the level of emissions under official test conditions, are believed to be fitted to nearly 774,000 vehicles scattered throughout Europe. Among the features brought into question by the KBA is the software used to regulate the amount of AdBlue solution injected into the SCR filter on the models.

Money Trump was outfoxed in Singapore
Author: 0 Trump was outfoxed in Singapore

President Trump and North Korean leader Kim Jong Un signed a statement Tuesday promoting "mutual confidence building" to "promote the denuclearization of the Korean Peninsula". "I showed it because I really want him to do something", Trump said. The narrator references some of Trump's main arguments to Kim, namely that eliminating his nuclear stockpile would allow his country to benefit economically and re-enter the world community.

Money GREAT AGAIN: Fed RAISES 2018 Economic Outlook, HIKES Interest Rates
Author: 0 GREAT AGAIN: Fed RAISES 2018 Economic Outlook, HIKES Interest Rates

Other changes included referring to "further gradual increases" instead of "adjustments". The statement contained many changes compared to the previous one. Powell has repeatedly played down the dot plot as a guide to future interest rates, though investors continue to focus on it. The Fed now sees gross domestic product growing 2.8% this year , slightly higher than previously forecast, and dipping to 2.4% next year , unchanged from policymakers' March projections.

Money Federal Reserve raises interest rates
Author: 0 Federal Reserve raises interest rates

The Fed's latest projections show unemployment falling to 3.6 percent in 2018. The most immediately affected will be credit-card interest rates, which are subject to near-instantaneous revision to track the federal funds rate . They expect the core inflation rate to rise to roughly 2% this year . Not since 1969 has the jobless rate been lower. The Fed aims to achieve its mandates of maximizing employment and stabilizing prices by lowering rates to spur growth during times of economic ...

Author: 0 Trump, Iran trade sharp words over oil prices ahead of OPEC meeting

USA crude stocks fell more than expected last week, while gasoline and distillate inventories dropped , the Energy Information Administration said on Wednesday. Moscow's pledge in the deal is to shave off 300,000 bpd from the October 2016 level, which was the country's highest monthly production in nearly 30 years-11.247 million bpd.

Money Iran warns North Korea of the U.S
Author: 0 Iran warns North Korea of the U.S

Pentagon leaders have largely stayed on the sidelines in the run up to the Singapore talks , but Defense Secretary James N. Mattis said Monday there would be no consideration given to a partial drawdown or full withdrawal of the 28,000 US troops stationed on the Korean peninsula .

Money Judge approves AT&T's merger with Time Warner | AT&T
Author: 0 Judge approves AT&T's merger with Time Warner | AT&T

The deal is set to unite AT&T's significant wireless, satellite television and internet business with Time Warner's media properties, which include HBO and CNN. "We strongly urge the Justice Department to appeal this decision all the way to the Supreme Court if necessary". Their concerns only grew heightened after Monday, with the official end of federal net neutrality rules that required broadband providers, including AT&T, to treat all web traffic equally - and not prioritise their TV, ...

Money Tesla cuts 9 percent of workforce in search for profit
Author: 0 Tesla cuts 9 percent of workforce in search for profit

Tesla Inc is cutting about 9 percent of jobs across the company, billionaire Chief Executive Elon Musk said on Tuesday, as it seeks to reduce costs without endangering the critical ramp up of production of its Model 3 sedan. The cuts come as the company aims to shrink costs and become profitable, Musk said. Tesla in May announced a pending restructuring. That is a valid and fair criticism of Tesla's history to date.

Money WH adviser Navarro apologizes for 'special place in hell' slam at Trudeau
Author: 0 WH adviser Navarro apologizes for 'special place in hell' slam at Trudeau

They take effect July 1. The vehicle tariffs could apply to all countries, including Nafta partners Mexico and Canada, the two biggest exporters of autos to the U.S. "It would potentially bring down the entire economy and push it into a recession", he said . The ire directed at the prime minister by Trump and his advisors had confused some trade observers since the comments seemed to be just a reiteration of what the prime minister had said previously and not a personal insult.

Money Jaguar Land Rover moves Discovery production to Slovakia
Author: 0 Jaguar Land Rover moves Discovery production to Slovakia

Jaguar Land Rover has said all new models will be electrified from 2020, though a spokesman wouldn't confirm whether the Range Rover models to be produced at Solihull will be made in all-electric versions. In 2014 the automaker started production outside the United Kingdom for the first time when versions of the Rover Range Rover Evoque started rolling out of a plant in China.

Money Dominos Is Filling In Potholes Across America To Save Your Pizza
Author: 0 Dominos Is Filling In Potholes Across America To Save Your Pizza

Russell Weiner, president of Domino's U.S. explains, stated in a press release. "Have you ever hit a pothole and instantly cringed?" "Potholes, cracks, and bumps in the road can cause irreversible damage to your pizza during the drive home from Domino's", the Paving for Pizza website reads.

Money China urges 'full denuclearization' as Kim, Trump meet
Author: 0 China urges 'full denuclearization' as Kim, Trump meet

South Korean President Moon Jae-in spoke by phone with Trump for 20 minutes late on Tuesday, but an official readout of the call made no mention of military exercises. Asked what happens next, Trump said: "I think he's gone back to get this done". The general statement on "immediate repatriation" could refer to remains North Korea already has in storage but were never returned after joint recovery efforts were suspended in 2005 amid the political impasse over North Korean provocations and ...

Money Donald Trump's marathon press conference after North Korea summit
Author: 0 Donald Trump's marathon press conference after North Korea summit

President Donald Trump in Singapore before the first-ever DPRK-U.S. summit, on June 12, 2018. Before Trump became president, Rodman appeared twice on his "Celebrity Apprentice" show and praised the billionaire real estate developer on Twitter during the 2016 presidential campaign.

Money Amazon brings Prime benefit to Whole Foods Market in ten more states
Author: 0 Amazon brings Prime benefit to Whole Foods Market in ten more states

There are now four Whole Foods stores in the state, including one on Maui and three on Oahu. In a statement Monday morning, Amazon said that starting June 13, Prime members will receive an additional 10 percent off sale items at Whole Foods stores, plus discounts on other select products such as Annie's Natural Macaroni & Cheese, yellowfin tuna steaks and organic nectarines and peaches.

Money Tesla Autopilot software will 'enable full self-driving features'
Author: 0 Tesla Autopilot software will 'enable full self-driving features'

The latter then stuffed the shells with lithium-ion battery cells and electric motors, eventually making the first all-electric vehicle that could travel over 200 miles on a single charge. Musk said that issue would be addressed in the most current Autopilot update and "fully fixed" in the August update. Musk has previously said the software will "never be perfect" and is not created to replace human control of a vehicle.

Money U.S. officially repeals net neutrality rules
Author: 0 U.S. officially repeals net neutrality rules

It was put in place by the Obama Administration but President Trump made a decision to scrap the rule in December. The controversial repeal of Obama-era net neutrality protections is officially set to take effect on Monday, despite ongoing efforts from members of Congress, state officials, tech companies and advocacy groups to save the rules.

Author: 0 Elon Musk Delivers First Flamethrowers

According to CNBC , Musk's Boring Company "sold 20,000 units - or $10 million worth - in just five days", despite the fact that the "flamethrowers" have been described as closer to blowtorches, and another party is also reportedly in the works.

Money Dennis Rodman cries as he hails Trump-Kim summit: 'I'm so happy'
Author: 0 Dennis Rodman cries as he hails Trump-Kim summit: 'I'm so happy'

Top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un (L) shakes hands with U.S. President Donald Trump in Singapore before the first-ever DPRK-U.S. Reacting to the news of the two leaders meeting, basketball star and unlikely North Korea envoy Dennis Rodman , who is also in Singapore , said holding the summit was the right thing to do.

Money US President Trump arrives in Singapore for historic Trump-Kim summit
Author: 0 US President Trump arrives in Singapore for historic Trump-Kim summit

Success in Singapore would see Kim making a bold decision to exchange his nukes for economic support and security assurances, according to Ryan Haas, an Asia expert at the John L Thornton China Center. Rodman said he hopes to surprise his friend Kim with his appearance during the summit. Critics fear that Mr Trump is poorly prepared for the negotiations - while others say Mr Trump's quickfire approach has already produced results - including North Korea saying it is willing to consider ...

Money Trump and Kim to meet one-on-one, risking he-said/he-said scenario
Author: 0 Trump and Kim to meet one-on-one, risking he-said/he-said scenario

If it doesn't, it could amp up tensions even more . Dozens of reporters and cameramen mobbed North Korean chief negotiator Choe Son Hui as she left the hotel amid pushing and shoving. But US officials have since avoided such lofty declarations. In a choice that seems to make light of a lot of really quite serious things at once, Twitter is promoting its new #TrumpKimSummit emoji for Tuesday's summit in Singapore .

Author: 0 Pompeo Warns North Korea: 'Irreversible Denuclearization' Only Acceptable Outcome

Pompeo has maintained that complete, verifiable and irreversible denuclearization is the "only outcome" acceptable to the US and that the Trump administration hopes ultimately to reach an agreement with the North Koreans that it can submit to Congress "so that when administrations do change, as they inevitably do, and this one will ...

Author: 0 With Buyout Hopes Quashed, Poundworld Just Went into Administration

The company, which is owned by TPG Capital, has 335 stores including more than 40 in Yorkshire and Lincolnshire. Deloitte is likely to run another sale process once appointed as administrator. 'Unfortunately, this has not been possible. A TPG spokesman said: "This was a hard decision for every party involved". Poundworld's collapse comes after electronics chain Maplin and Toys R Us - each with Stevenage sites - both went into administration this year.

Money Pompeo Says Sanctions to Remain Until North Korea Denuclearizes
Author: 0 Pompeo Says Sanctions to Remain Until North Korea Denuclearizes

The world will be watching to see if US President Donald Trump can broker a deal to denuclearise the Korean Peninsula. An editorial in Rodong Sinmun confirmed that Mr Kim had travelled to Singapore to meet Mr Trump and that "we will establish a new relationship to meet the changing demands of the new era".

Money Pope Francis Warns Oil Executives That Fossil Fuels Threaten Humanity
Author: 0 Pope Francis Warns Oil Executives That Fossil Fuels Threaten Humanity

Drawing heavily on his ground-breaking 2015 encyclical on climate change Laudato Si , Pope Francis stressed that short-term economic growth and universal access to energy should not come at the expense of the planet. The oil and gas industry has faced increased pressure from investors and ecological activists to reduce greenhouse gas emissions as outlined in the 2016 Paris climate agreement.

Money Kia recalls more than 500K vehicles; air bags may not inflate
Author: 0 Kia recalls more than 500K vehicles; air bags may not inflate

The recall is planned to begin on July 27, 2018. The two Korean automakers have now recalled almost 1.1 million USA vehicles to tackle the issue. "NHTSA's investigation should not have even been necessary", said David Friedman, director of cars and product policy and analysis at Consumers Union, the advocacy division of Consumer Reports.

Author: 0 Kim, Trump arrive in Singapore for landmark summit

In a tweet on Monday, he said: "Great to be in Singapore , excitement in the air!" Trump on Monday forecast a "nice" outcome, while Kim spent the day out of view. Arriving at the Prime Minister's office after 1900 local time, Kim shook hands with Lee and his staff then sat down to begin talks in front of the cameras before the press was ushered out a few minutes later.

Money Bitcoin hits two-month low after South Korean exchange hacked
Author: 0 Bitcoin hits two-month low after South Korean exchange hacked

A cryptocurrency exchange hack in South Korea jolted holders of digital assets, fueling a $46 billion rout and extending this year's Bitcoin slump to more than 50%. South Korea is one of the world's major cryptocurrency trading centres, and is home to one of the busiest virtual coin exchanges, Bithumb. "The remaining one-third of coins are being investigated with investigators, relevant exchanges and coin developers." The venue added that 70 percent of the cryptocurrencies it holds are ...

Money North Korea's Kim lands in Singapore ahead of summit with Trump
Author: 0 North Korea's Kim lands in Singapore ahead of summit with Trump

With gaps remaining over what denuclearisation would entail, officials from both sides were trying to push the agenda forward ahead of Tuesday's summit . After North Korea carried out a series of long-range missile tests that potentially put the U.S. mainland in range of a nuclear strike, Trump promised to respond with "fire and fury".

Money Winner Of $315 Million Powerball Jackpot In New Jersey Comes Forward
Author: 0 Winner Of $315 Million Powerball Jackpot In New Jersey Comes Forward

The next day, he realized that he had won. "I think your machine isn't working". It wasn't a victor. And I say to the lady, I hand it to the lady and I say 'Can you check? "What do you mean by, 'Oh my God?'" he asked her. The married father of four chose to take the money in a lump sum, so he'll get slightly more than $183 million after taxes. Souami, a father of two who immigrated from an undisclosed country in Africa in 1996, had purchased the sole winning ticket.

Money Verizon Targets 5G with New CEO Appointment
Author: 0 Verizon Targets 5G with New CEO Appointment

Well enough for McAdam to want Vestberg to succeed him as CEO. He's to become CEO at Verizon, effective August 1. Money reports that Vestberg will be taking over from Verizon current CEO Lowell MacAdam on August 1. Lars Soderfjell, a portfolio manager at Finnish bank Alandsbanken, which owns Ericsson shares, said Vestberg pushed to expand the company's services unit, which included managing networks for mobile operators.

Money Donald Trump withdraws endorsement of G7 joint statement
Author: 0 Donald Trump withdraws endorsement of G7 joint statement

The U.S. president arrived several minutes after the start of the breakfast meeting between G7 leaders and the gender equality advisory council that Prime Minister Justin Trudeau created for this year's summit in the Charlevoix region of Quebec .

Money KFC To Test Vegetarian Alternative To Famous Original Chicken Recipe
Author: 0 KFC To Test Vegetarian Alternative To Famous Original Chicken Recipe

The U.K. arm of the storied fried chicken chain is putting the idea to the test with a meatless offering that promises all the secret herbs and spices without the company's best-known ingredient. In April, White Castle introduced a plant-based burger, the product of an alliance with a startup called Impossible Foods, at 140 locations in New York, New Jersey and IL.