Money

Money Alphabet's quarterly profits fall after $5 billion European Union fine
Author: 0 Alphabet's quarterly profits fall after $5 billion European Union fine

This quarter, ads represented just 84 percent of Google's overall revenues . Net income was $8.3bn, up 32 per cent year on year, or $3.2bn after the fine is taken into account, down nine per cent. FILE PHOTO: The waxing moon is seen over the logo of Google at its European Engineering Center in Zurich, Switzerland July 19, 2018. "That's down from 24 percent last quarter, and aligns with Alphabet CFO Ruth Porat's advisement last quarter that the TAC as a percentage of revenue would slow ...

Money G-20 calls for more dialogue on rising trade tensions
Author: 0 G-20 calls for more dialogue on rising trade tensions

In early trade Tuesday, the yield on 10-year Chinese government bonds jumped 5 basis points to 3.57 percent. Around $505 billion of Chinese goods were imported to the U.S. Asian markets advanced this morning as investors turn their attention to this week's release of corporate earnings reports while tensions persist over a potential global trade war.

Money Pepperidge Farm Recalls Several Varieties of Goldfish Crackers Amid Salmonella Concerns
Author: 0 Pepperidge Farm Recalls Several Varieties of Goldfish Crackers Amid Salmonella Concerns

The Campbell Soup-owned company said it had been notified by one of its ingredient suppliers that the whey powder used in the seasoning of these four varieties could contain salmonella . No other Pepperidge Farm products in the US are subject to this recall. Consumers who have purchased these products are urged not to eat them. No other Pepperidge Farm products in the USA are subject to the recall.

Money Shares surge at Google's Alphabet as it crushes forecasts
Author: 0 Shares surge at Google's Alphabet as it crushes forecasts

Alphabet shares are nearing record highs ahead of the company's second-quarter earnings. Google properties revenue jumped 26% to $23.3 billion. Google's biggest earner during the quarter was advertising which brought in total revenues of $28.1 billion.

Money Tesla seeking cash from suppliers
Author: 0 Tesla seeking cash from suppliers

The memo notes the refund was essential for Tesla's survival and would be an investment in the company to ensure the long-term partnership between it and the suppliers. "It sounds like something that happens when you're struggling", he said. Efraim Levy, a senior equity analyst for CFRA, said he found Tesla's request unusual.

Money Elon Musk apologises to United Kingdom diver for 'pedo' comment
Author: 0 Elon Musk apologises to United Kingdom diver for 'pedo' comment

In response to an article detailing Musk's involvement in the cave drama, the Tesla chief apologized to Unsworth and the companies he represents. Gene Munster, a top tech analyst and the managing partner at Loup Ventures, wrote an open letter to Musk urging him to rein in his outbursts and erratic behavior so he might "regain investor confidence".

Money India scraps controversial tax on sanitary pads
Author: 0 India scraps controversial tax on sanitary pads

The items which could be considered for cutting of tax rates might include sanitary napkins, handicrafts and handloom goods. Speaking to reporters on the sidelines of the 28th GST Council meeting, the minister also said that tax on bamboo also has been slashed to 12 pecent.

Money Iran Dismisses Trump's Explosive Threat to Country's Leader
Author: 0 Iran Dismisses Trump's Explosive Threat to Country's Leader

Former State Department official Marie Harf said it's unclear what message President Trump was trying to send with his warning to Iranian President Hassan Rouhani . Iran's Supreme Leader Ayatollah Ali Khamenei on Saturday backed Rouhani's suggestion that Iran may block Gulf oil exports if its own exports are halted.

Author: 0 Tesla seeking cash from suppliers shows the automaker's desperation

The memo, from a global supply manager, said the cash back was "essential to Tesla's continued operation", the WSJ said, telling the supplier to consider the refund an investment in the company's long-term health. Tesla burned through $700 million in cash last quarter , and its cash reserves dipped 20%. "Only costs that actually apply to Q3 & beyond will be counted", Tesla CEO Elon Musk said on Twitter in response to the report.

Money Mega Millions Jackpot Climbs To $493 Million
Author: 0 Mega Millions Jackpot Climbs To $493 Million

No one matched all six numbers Friday night, although two people across the country matched the first five white balls for a sweet $1 million consolation. According to Florida Lottery, 83 million willing tickets have been sold in the state, including 12 jackpot winners. The largest Mega Millions victor from MI was a couple from Port Huron who won $208 million in April 2005.

Money Ritz Cracker products recalled over Salmonella fears
Author: 0 Ritz Cracker products recalled over Salmonella fears

Nevertheless, consumers are advised not to consume any of the recalled products. You can check here to see if your Ritz products are effected. "The company is conducting this recall as a precaution, based on the ingredient supplier's recall", Mondelez said in a statement.

Money European stocks slide, led by carmakers, as new Trump tariffs loom
Author: 0 European stocks slide, led by carmakers, as new Trump tariffs loom

Short-term bond yields inched higher. The S&P 500 index dipped 2.66 points, or 0.1 percent, to 2,801.83. MSCI's gauge of stocks across the globe gained 0.43 percent, helped by Asian markets. Elsewhere, industrial conglomerate Honeywell rose 3.7 percent to $153.01 after it raised its forecast for the year. Shoe maker Skechers plunged after its estimates for the third quarter fell far short of analyst expectations.

Money Facebook Suspends Another Data Analytics Firm After Hitting Another Stock High
Author: 0 Facebook Suspends Another Data Analytics Firm After Hitting Another Stock High

Facebook confirmed it has suspended a Boston-based social media analytics firm while it investigates how it collects and shares public data. According to a report in The Wall Street Journal late on Friday, the social media giant was investigating whether the analytics firms' contracts with the United States government, a Russian non-profit organisation tied to the Kremlin and the Turkish government violate the platform " s policies".

Money Seoul hints at Trump-Kim meet with S Korean president
Author: 0 Seoul hints at Trump-Kim meet with S Korean president

He told reporters , "We have no rush for speed", adding, "We're just going through the process". The U.S. administration has lowered expectations for fast progress in nuclear talks with North Korea as no breakthrough on a deal has been reached more than five weeks after the historic summit between President Donald Trump and Kim Jong Un .

Money Ryanair strike hits 600 flights, affects 100000 passengers
Author: 0 Ryanair strike hits 600 flights, affects 100000 passengers

Ryanair , Europe's largest low-priced carrier, cancelled 30 flights on July 12 when some pilots in Ireland staged the company's largest strike to date. "Given that Ryanair cabin crew enjoy great pay - up to €40,000 p.a". A spokesperson said anyone affected had already been alerted by text message or by email , while also being offered an alternative.

Money Trump's Fed bashing could backfire by stiffening rate-hike resolve
Author: 0 Trump's Fed bashing could backfire by stiffening rate-hike resolve

During the interview, Trump himself predicted the response: "Now I'm just saying the same thing that I would have said as a private citizen", he said. Former Dallas Fed President Richard Fisher told CNBC that Trump is out of line. He said the Fed's course of tightening monetary policy "now hurts all that we have done".

Money MAC comments on Canada’s Cabinet shuffle
Author: 0 MAC comments on Canada’s Cabinet shuffle

Environment minister Catherine McKenna, Crown-Indigenous relations minister Carolyn Bennett and foreign affairs minister Chrystia Freeland all retained their positions. There were Liberal governments in British Columbia, Ontario, Quebec and the Atlantic provinces. Now, however, with the election of Doug Ford's Conservatives in Ontario and John Horgan's NDP government in B.C., disagreements over pipelines, climate change and refugee settlement are looming large.

Money FCA's CEO Marchionne replaced immediately due to serious health issues
Author: 0 FCA's CEO Marchionne replaced immediately due to serious health issues

Manley , 54, a native of England, has headed Jeep since 2009 and the Ram brand since 2015. Sergio Marchionne, the CEO of Fiat Chrysler Automobiles ( FCA ), has been replaced with immediate effect from his position with the company due to serious and unforeseen complications from a recent surgery he had underwent, according to a statement from FCA.

Money Powell faces barrage of questions on trade - 7/18/2018 10:39:25 AM
Author: 0 Powell faces barrage of questions on trade - 7/18/2018 10:39:25 AM

Platinum lost 0.6 per cent to $807.50 an ounce, and hit a two-week low of $804.75 an ounce earlier in the session. "With the Dollars on a solid footing, gold prices should stay pressured lower for the foreseeable future as gold has wholly lost its glittering appeal in this enduringly bullish equity and USD environment", said Stephen Innes, APAC trading head, OANDA.

Money Burberry reportedly burned $37 million worth of luxury goods
Author: 0 Burberry reportedly burned $37 million worth of luxury goods

To put the burning into context, you could buy 20,000 of Burberry's notoriously expensive trench coats with the $36.5 million value of the destroyed items. Released on Earth Day (22 April), "The Future of Fashion is Circular" campaign rewards any shopper who sells a Stella McCartney item via the United States fashion resale site The Real Real with a $100 voucher to shop directly with the fashion brand in one of its boutiques.

Money Airbus and Boeing thrive as orders come in at Farnborough Airshow
Author: 0 Airbus and Boeing thrive as orders come in at Farnborough Airshow

The new orders will appear on Boeing's Orders & Deliveries website once all contingencies have been met. With a deal worth $2 billion over the next few years Russian cargo outfit Volga Dnepr signed confirmation of an order for five Boeing 747-8 Freighters, whilst United Kingdom based CargoLogicHolding signed a deal which included a letter of intent to acquire 29 Boeing 777 Freighters and an agreement to work together on future freighter projects.

Money China says U.S. blaming Xi for blocking trade deal is 'bogus'
Author: 0 China says U.S. blaming Xi for blocking trade deal is 'bogus'

European Commission President Jean-Claude Juncker is due to meet with Trump in Washington July 25 and "I'm told he's bringing a very important free trade offer ... "The ball is in his court". China could end the USA tariffs by providing a more satisfactory approach. US President Donald Trump has threatened more tariffs unless Beijing agrees to change its policies including intellectual property practices.

Money We walked the talk on electrification, said PM Modi
Author: 0 We walked the talk on electrification, said PM Modi

At the time of the launch, the Government of India promised to spend a total of Rs 16,320 crore in this massive project to provide electricity and to give the nation a new light. The then president of the ruling party ( Congress ) said they will bring electricity to every home. "Needless to say, none of that happened during their long tenure", Prime Minister Modi said.

Author: 0 Trump again slams Fed, trading partners

The Fed raised interest rates twice this year and Mr. Powell said two more increases are likely before the end of 2018. The president's latest financial-focused comments come ahead of the European Commission president Jean-Claude Juncker's visit to Washington next week for talks aimed at heading off a US-European trade war .

Money Trump heightens tariff threat in trade war with China
Author: 0 Trump heightens tariff threat in trade war with China

Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. "This is extraordinary to see Trump go after the Fed like this", said Greg Valliere, chief global strategist at Horizon Investments.

Money Microsoft posts bumper Q4, with Windows, Surface, Azure all up
Author: 0 Microsoft posts bumper Q4, with Windows, Surface, Azure all up

This included an 89pc jump in revenue from its Azure cloud computing platform. In recent weeks, Microsoft has announced several expansions of cloud deals with prominent business players, including GE and Amazon competitor Walmart . Switching gears to the More Personal Computing category, revenue increased by 17 percent, moving up to $10.8 billion. That's up from the same period a year ago, during which Microsoft brought in $25.6 billion in revenue and $8.1 billion in net income.

Author: 0 I’m ready to put tariffs on every import from China, Trump warns

China has so far met US tariffs with equal retaliatory tariffs, but with only $130 billion in USA goods exported to China, it's not possible for President Xi Jinping it to match tariffs on a half-trillion dollars of products. "Debt coming due & we are raising rates - Really?" he tweeted . He wants the growth to continue and anxious that interest rate hikes will rein in investments.

Money Trade war damage would deepen under confidence shock, International Monetary Fund says
Author: 0 Trade war damage would deepen under confidence shock, International Monetary Fund says

China firmly believes that the authority and effectiveness of the multilateral trading system can be protected only by adhering to the global rules in the spirit of contract, Hua said . A classic example of this is the Smoot-Hawley Tariff which was imposed in 1929 to increase the tariff on over 20,000 imported goods which provoked retaliatory tariffs from partners and eventually culminated in an economic slowdown and later contributed to the Great Depression .

Money Record US output takes its toll on oil prices
Author: 0 Record US output takes its toll on oil prices

As reported by Japan's premier business newspaper, Nikkei, Japan aims to completely stop oil imports from Iran by October. For decades, the WTI contract based in Cushing, has been the benchmark for US oil prices, but Houston has surpassed Cushing in terms of importance.

Money Google hit with £3.78 billion EC fine
Author: 0 Google hit with £3.78 billion EC fine

WASHINGTON-President Donald Trump said on Thursday that the European Union's $5 billion antitrust fine on Alphabet Inc.'s Google is evidence that the bloc has "taken advantage of the USA", and suggested that change is on the way. The outcome of the ruling, along with the need to hand over a fair chunk of cash, means that Google will have to stop forcing phone makers to install Chrome and Google Search in order to be allowed to also offer the Google Play Store on their handsets.

Money Government Brexit defeat in push to continue ties to European medicines regulations
Author: 0 Government Brexit defeat in push to continue ties to European medicines regulations

Theresa May faces another turbulent day for Brexit as her plan to publish more than 70 papers giving instructions to businesses and homes on how to prepare for a no-deal is revealed. "There is time, and if the prime minister can fix that vision once again. then I believe she can deliver a great Brexit for Britain", he said. Ms Soubry criticised the "hollow and rather ridiculous threats" made by government whips ahead of last night's Brexit votes.

Money U.K Inflation Unexpectedly Stays at 2.4% Amid Clothing Discounts
Author: 0 U.K Inflation Unexpectedly Stays at 2.4% Amid Clothing Discounts

The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) rate of inflation held steady at 2.4% in June as higher motor fuel, gas and electricity prices were offset by deeper discounting by clothing retailers. Petrol prices are up 17.45 percent in June from 13.90 in May, while diesel prices grew 21.63 percent in June as compared to 17.34 percent in May. The Consumer Prices Index including owner-occupiers' housing costs (CPIH) - the ONS's preferred measure of inflation - ...

Money Papa John's Founder John Schnatter Calls Resignation a 'Mistake'
Author: 0 Papa John's Founder John Schnatter Calls Resignation a 'Mistake'

Schnatter, according to a report in the Wall Street Journal on Tuesday, has since gone as far as to call his resignation "a mistake". In the report last week, Forbes said Schnatter used the N-word during a media training session in May, and that the incident led the marketing agency to sever its ties with the company.

Money John Schnatter Says Louisville Is Lying About Stadium Name Decision
Author: 0 John Schnatter Says Louisville Is Lying About Stadium Name Decision

The committee has approved and directed the company to terminate Schnatter's "Founder Agreement", which had defined his role as its advertising and brand spokesperson. A page called "Our Pizza Family" including a picture of Schnatter with employees, which was was online as of May 31, is no longer there. We will then set clear goals to do better.

Money UK PM May threatened rebels with a national election
Author: 0 UK PM May threatened rebels with a national election

Twelve Conservative MPs rebelled against the government to vote for a proposal that would have kept the United Kingdom in the customs union if no alternative plan for frictionless trade with the EU had been agreed by January 2019. Eurosceptic MPs had targeted her government's customs legislation to try to toughen up her plans to leave the European Union, but instead of facing them down and fuelling tensions, her spokesman said the government would accept their four amendments.

Money Defence minister resigns as crucial Brexit vote clears Commons
Author: 0 Defence minister resigns as crucial Brexit vote clears Commons

Parliament could also consider a government attempt to bring forward its summer break to Thursday from next week, which the government says is logical because there is very little parliamentary business in the remaining days. He said that he had taken the "very hard decision" to resign "to express discontent" in votes. Tory Remainers claimed the government was being held to ransom by 40 MPs and that Jacob Rees-Mogg appeared to be running the country rather than the Prime Minister.

Author: 0 Netflix subscriber growth slows, panicking Wall Street

Global subscriber growth also fell far short, as Netflix added 4.47 million against an expected 4.97 million. All told , Netflix now boasts upwards of 130 million subscribers across the globe. For the current quarter, the company is projecting revenue of $3.988 billion, below the consensus for $4.126 billion. Netflix is still expecting a big second half of 2018 with many new hit shows still to come and several big deals.

Money Is Slowing Amazon Prime Membership Growth a Problem?
Author: 0 Is Slowing Amazon Prime Membership Growth a Problem?

Amazon Prime Day 2018 , a 36-hour annual sale that kicks off on Monday, will offer "more than one million deals " on products available through the online retailer, an increase over the "hundreds of thousands" a year ago. In addition to discounts, there will be general offers on Amazon Prime Day. The introductory price is $4.99 per month, but you can now get a free one-month trial of the service.

Money How to score the biggest deals this Amazon Prime Day
Author: 0 How to score the biggest deals this Amazon Prime Day

Prime is Amazon's annual subscription service priced at Rs 999 per year. In case you're not interested in signing up for a full year, the monthly plan is a decent way to try things out. Vodafone is also offering free Amazon Prime subscription for one year to its Red postpaid customers. For Walmart-owned Flipkart , this is one of the first massive sales it is hosting since the Walmart deal.

Money Elon Musk launches baseless attack on Thai cave rescue diver
Author: 0 Elon Musk launches baseless attack on Thai cave rescue diver

Vern Unsworth told CNN on Saturday that Musk's idea to use a kid-sized submarine to transport the 12 boys out of the cave where they were trapped was "just a PR stunt ". On Sunday, Musk responded via a prolonged Twitter tirade, before later deleting the tweets . "It wouldn't have made the first 50 metres into the cave".

Money US lifts export ban on suppliers to Chinas ZTE
Author: 0 US lifts export ban on suppliers to Chinas ZTE

A photograph circulating among employees around midnight showed ZTE's new chief executive and 10 other managers each giving a thumbs-up to the news, which was flashed on a screen at the company, according to a person familiar with the matter.

Money Tesla loses U.S. subsidies as it hits 200,000 sales mark
Author: 0 Tesla loses U.S. subsidies as it hits 200,000 sales mark

CEO Elon Musk , for one, noted on Twitter that the Model 3 , while newer than the Model S, is not a superior vehicle. The former Tesla employee who was sacked and then sued by the electric vehicle automaker has filed a formal whistleblower tip to the U.S.

Money DOJ Plans To Appeal Time Warner-AT&T Merger Ruling
Author: 0 DOJ Plans To Appeal Time Warner-AT&T Merger Ruling

The company said in court papers filed last month that it will maintain that structure until the earlier of February 28 of next year or the conclusion of the government's appeal . "They have the right to appeal". "The Court's decision could hardly have been more thorough, fact-based, and well-reasoned", said AT&T general counsel David McAtee, who said the carrier plans to fight the appeal in court.

Money China trade surplus with United States hits record high in June
Author: 0 China trade surplus with United States hits record high in June

Imports expanded by 14.1 per cent to $175.1 billion, down from the previous month's 26 per cent. The trade surplus was 261.88 billion yuan last month, official data showed. Growth in imports for June showed a moderate slowdown from May, official data showed on Friday. China also said both its imports and exports with the U.S.

Money Trump blasts Mays Brexit strategy on UK visit
Author: 0 Trump blasts Mays Brexit strategy on UK visit

Two senior ministers resigned in protest this week at her plans for trade with the European Union after Britain leaves the bloc next March. "I am just saying I think he would be a great prime minister". The interview was published as May greeted Trump at a lavish welcome reception at Blenheim Palace, the birthplace of Winston Churchill. "The spirit of friendship and co-operation between our countries, our leaders and our people, that most special of relationships, has a long and proud ...

Money Woolworths Recalls Frozen Rice Mix Amid European Listeriosis Outbreak
Author: 0 Woolworths Recalls Frozen Rice Mix Amid European Listeriosis Outbreak

Below are the products being recalled and if in doubt, chuck 'em out. The outbreak is extremely serious, with nine suspected deaths from listeria bacteria in frozen vegetables reported so far across Europe. "None of our other frozen sweetcorn or vegetable products are affected". "The mix is uncooked and frozen so requires cooking before consumption".

Money Supreme Court nominee dishes out mac and cheese to homeless
Author: 0 Supreme Court nominee dishes out mac and cheese to homeless

Alex Brandon/APPresident Donald Trump shakes hands with Judge Brett Kavanaugh his Supreme Court nominee, in the East Room of the White House, Monday, July 9, 2018, in Washington. Shah offered no additional information on the tickets or the friends they were purchased for. Shah said the payments for the tickets were made at the end of 2016 and paid off early the next year.