Money

Money Oil prices slip ahead of inventory report
Author: 0 Oil prices slip ahead of inventory report

An attack by the Houthis on two crude oil vessels in the Red Sea forced Saudi Arabia to halt oil shipments through Bab Al Mendeb strait, which saw 4.8 mbpd of crude oil shipped through it in 2016. The group has pledged to reduce the amount of oil output they are curtailing to offset the loss of Iranian supply as looming sanctions have already started to cut exports from OPEC's third-largest producer.

Money RBI increases key rate to 6.5% on inflation worries
Author: 0 RBI increases key rate to 6.5% on inflation worries

However, if companies pass on the recent GST rate cuts, some of the impact of inflation will get moderated. Interest rates were cut to 0.5% in March 2009 when the markets were in the grip of the banking crisis and remained at that level until August 2016 when they were cut to 0.25% in the aftermath of the European Union referendum.

Money Chipotle reopens in Ohio after reports of illnesses
Author: 0 Chipotle reopens in Ohio after reports of illnesses

Reports of illness first surfaced Sunday on the website iwaspoisoned.com, and surged into the hundreds following Business Insider's report. More than 170 people fell ill after eating at a Chipotle location in OH, prompting the chain to quickly close the restaurant after the news surfaced.

Money Sales tax holiday is more than back-to-school items
Author: 0 Sales tax holiday is more than back-to-school items

If an item of clothing qualifies for the exemption under the "sales tax holiday ", then all adjustment charges associated with that sale are exempt. On the other hand, it would have saved consumers the same amount. He also encouraged people to look at the Chamber and see the options they have for buying and shopping locally, including a Chamber gift certificate.

Money Apple officially becomes the first $1 trillion company
Author: 0 Apple officially becomes the first $1 trillion company

The milestone comes a day after Apple reported blockbuster quarterly earnings . Apple shares rose 2.7 per cent to an all-time high of $207.05 around midday. Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a USA public company. "A clean beat on the path to $1 trillion ".

Author: 0 Trump administration adds to China trade pressure with higher tariff plan

A further escalation of the dispute would be a threat to world trade as a whole. China Thursday said it is fully prepared to deal with US' threats to escalate the spiralling trade war between the two countries and will fight back to defend its dignity and the interests of its people, Reuters quoted the commerce ministry as saying.

Author: 0 Google employees mad over reported plans for censored China search engine

Once the app is completed, if Google believes the product excels China's current leading search engine, Baidu, and it gets approved by China's government, Dragonfly would be the US search giant's biggest step in the Chinese market. Other Google employees on internal forums said staying away from China had not changed the course of the Chinese government or brought "any positive change", Bloomberg reported.

Author: 0 Loans to get costlier as RBI hikes repo rate again

Five members of MPC - Chetan Ghate, Pami Dua, Michael Debabrata Patra, Viral V Acharya and Urjit R Patel voted in favour of the decision while Ravindra H Dholakia voted against the decision. But the message for interest rates remained one of gradual and limited increases as the central bank saw inflation only a fraction above its 2 percent target over the next few years.

Money Huawei surpasses Apple in Q2 smartphone shipments
Author: 0 Huawei surpasses Apple in Q2 smartphone shipments

Samsung with its Galaxy phone line retained the phone crown but lost ground to upstart Huawei by shipping 73 million units, an 8 percent decline year over year. According to Hong Kong-based Counterpoint Research, the premium smartphone segment (Rs 30,000 and above) grew 19 percent annually and 10 percent sequentially during Q2 2018.

Author: 0 U.S. 'blackmail' on tariffs will not work, says China

The US imposed 25 per cent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ended July 31. China's foreign ministry called this "blackmail" and warned that policies like this would "only produce the opposite of the desired result". The proposal would increase the potential tariff rate from the 10 per cent that the administration had initially put forward on July 10 for that wave of duties in a bid to pressure Beijing into ...

Money TSA's 'Quiet Skies' program raises legal and civil liberty questions
Author: 0 TSA's 'Quiet Skies' program raises legal and civil liberty questions

The bulletin indicates the program is meant to diminish threats to commercial flights posed by "unknown or partially known terrorists". Under a sensitive, previously undisclosed programme called " Quiet Skies ", the TSA has since 2010 tasked marshals to identify passengers who raise flags because of travel histories or other factors and conduct secret observations of their actions - including behaviour as common as sweating heavily or using the restroom repeatedly - as they fly between U.S.

Author: 0 United States considers increasing planned tariffs on $270b in Chinese imports

President Donald Trump said that if China is not willing to reach an acceptable trade deal, he is prepared to slap tariffs on all Chinese imports to the US, which amounted to $505.5 billion past year alone. "Given the scope of the products covered, about half of all imports from China are facing tariffs, including consumer goods", Ennis told Reuters .

Money Nothing neutral about August policy of Reserve Bank of India
Author: 0 Nothing neutral about August policy of Reserve Bank of India

The Reserve Bank of India (RBI) on Wednesday chose to increase the policy repo rate by 25 basis points to 6.5%. "Consequently, the reverse repo rate under the LAF stands adjusted to 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent", the RBI said in its the third bi-monthly monetary policy statement.

Money Tesla on track to turn a profit this year
Author: 0 Tesla on track to turn a profit this year

The compay reported an adjusted net loss of $3.06 per share, more than analysts expected. The Wall Street Journal reports that Tesla has held preliminary discussions with two German states as it looks to lock down a location where it can build its future models and batteries.

Money Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment
Author: 0 Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment

Under the sanctions to be imposed by the Treasury Department, any property, or interest in property, belonging to Justice Minister Abdulhamit Gul or Interior Minister Suleyman Soylu within USA jurisdiction would be blocked. But they are not altogether unexpected: Both President Trump and Vice President Pence have both lately threatened retaliation over the status of Andrew Brunson , whom Turkish authorities detained in October 2016.

Money BOJ raises ceiling for long-term rates, monetary easing to stay
Author: 0 BOJ raises ceiling for long-term rates, monetary easing to stay

At the same time, the central bank delivered a range of adjustments created to alleviate strains from negative rates and asset-buying on commercial banks and reduce market distortions. The BoJ added language to its bond buying programme stating that "the yields may move upward and downward to some extent mainly depending on developments in economic activity and prices".

Author: 0 Salad, wrap products sold at Kroger, Walgreen’s recalled

The summer has been rife with recalls and reported cyclospora infections, especially in IL. News of the recall comes after a cyclospora infection outbreak that began in May and was linked to McDonald's salads supplied by Fresh Express .

Money McDonalds Launches MacCoin Cryptocurrency for Big Mac 50th Anniversary
Author: 0 McDonalds Launches MacCoin Cryptocurrency for Big Mac 50th Anniversary

More than 6.2 million tokens will be distributed in the US and 50 other countries. McDonald's wants to protect its storied menu item and promises it won't alter the burger, even as it introduces other big changes to its business. Fans of Big Mac in Croatia will be able to get their MacCoins on 2 August by buying a Big Mac. Then, from August 3 through the end of the year, diners can redeem each coin for one free Big Mac.

Money Second Brexit referendum now supported by majority of UK
Author: 0 Second Brexit referendum now supported by majority of UK

A majority of Britons back a second referendum on Brexit for the first time, a new opinion poll has found. The public by 50% to 40% support a referendum asking the public to choose between leaving the EU with the deal suggested by the government, leaving the EU without a deal, and not leaving the EU - 10% answered don't know.

Author: 0 RBI in a tight spot, is expected to raise rates again

One basis point is a hundredth of a percentage point. The central bank had increased repo rate by 25 bps to 6.25 per cent in its last policy meet in June. The repo rate is basically the rate at which the RBI lends short-term money to all the banks. The RBI has projected the inflation at 4.6 per cent in Q2, 4.8% in H2 of 2018-19 and 5.0% in Q1 of 2019-20 "with risks evenly balanced".

Money Tata Motors skids to first quarterly loss in three years
Author: 0 Tata Motors skids to first quarterly loss in three years

Jaguar Land Rover has clocked up its first quarterly loss in three years as sales of some of its off-roaders went into reverse and a change to import duties put the brakes on growth in China . We will leverage our product portfolio to grow faster and drive down costs to improve operating leverage of the business. "We had a pre-tax loss in the first quarter, reflecting the impact of the announcement of the duty reduction in China as well as planned dealer stock reduction in the quarter", ...

Money Limited Edition Tesla Surfboard Priced at $1500 — Tesla Surfboard
Author: 0 Limited Edition Tesla Surfboard Priced at $1500 — Tesla Surfboard

The vehicle maker has long sold branded apparel and lifestyle products alongside its luxurious electric cars - including a kid-size Tesla Model S auto - but the surfboard is certainly a new direction. The product went live on the Tesla online shop sometime early Saturday morning and it already sold out. Each surfboard is made to order, reinforced with lightweight "Black Dart" carbon fiber, which is a nod to Tesla auto interiors.

Money McDonald's worker body-slams woman customer who threw milkshake at her
Author: 0 McDonald's worker body-slams woman customer who threw milkshake at her

The client replied, "I Understand why your ass is behind that cash" and threw her first French fries, and then a milkshake. The clip, posted on Instagram by user bxbyness on Wednesday night, was filmed in Las Vegas . She then picks the woman up and throws her over a nearby table as other employees and a customer try to break up the fight. In a statement to food news website Delish , McDonald's said the company "do not condone the behavior depicted in this video, and are now ...

Money OnePlus 6 sales helped OnePlus beat Samsung in India’s premium market
Author: 0 OnePlus 6 sales helped OnePlus beat Samsung in India’s premium market

The U.S.is the biggest smartphone market in terms of revenue generation, with Apple and Samsung having the biggest piece in it. Tarun Pathak from Counterpoint Research said that Huawei's two-pronged strategy using its fast-growing Honor sub-brand to capture the mid-tier segment below £500 and its premium Huawei-branded smartphones at the top end, such as the P20 Pro , appeared to be working.

Money Uber hits brakes on self-driving trucks
Author: 0 Uber hits brakes on self-driving trucks

Uber Freight , a separate business unit that connects approved truck drivers with shipping companies, is unaffected by the move. Controversy was aroused when it purchased Otto , a self-driving truck startup founded by a former Google engineer, in 2016.

Money China trade tensions may escalate further, derail global growth: Moodys
Author: 0 China trade tensions may escalate further, derail global growth: Moodys

In what is seen as a breakthrough after weeks of stalemate, US President Donald Trump and European Commission President Jean-Claude Juncker proclaimed a "new phase" in transatlantic relations. Public support will wane even further as Americans realize that they lose doubly from this war: jobs will disappear, not only because of China's retaliatory measures, but also because U.S.

Money Services drove Apple’s best third quarter ever, but iPhone sales aren’t growing
Author: 0 Services drove Apple’s best third quarter ever, but iPhone sales aren’t growing

The news sent shares climbing in after-hours trading to a record high that sent Apple within touching distance of reaching a one trillion dollar market capitalisation. Apple sold fewer iPhones than expected in its most recent quarter but their higher price tag meant the tech giant still beat analyst forecasts. Analysts were eager for news from the California-based company about how the company is riding out trade turbulence between the USA and China .

Money Harley-Davidson plans to debut its electric motorcycle in 2019
Author: 0 Harley-Davidson plans to debut its electric motorcycle in 2019

According to Harley Davidson , the bike will have a commanding riding position which will allow the rider to "see the world from another point of view", while having the ability to "travel coast-to-coast". The announcement by Harley comes after three consecutive years of declining sales in India. Although it is looking to embrace new avenues for revenue, Harley-Davidson is not turning its back completely on its roots.

Money Ghani Invites Imran Khan to Visit Kabul
Author: 0 Ghani Invites Imran Khan to Visit Kabul

The TLP won two provincial assembly seats in Sindh province but, crucially, emerged as the third-placed party in a number of national constituencies across the country, regularly registering more than 10,000 votes, and going as high as 42,000 in some urban constituencies.

Money Facebook sued after stock plunge 'shocked' market
Author: 0 Facebook sued after stock plunge 'shocked' market

Stern & Co. These moves have likely impacted Facebook's earning projections and user numbers, which led to the 24 percent reduction in its stock value. The decline even left Facebook CEO Mark Zuckerberg poorer by over $16 billion, wiping his gains for this year. Slowing revenue growth initially pulled the stock down almost 9 in after-hours trading on Wednesday before losses picked up on the margin outlook.

Money China being 'vicious' on trade - US President
Author: 0 China being 'vicious' on trade - US President

President Donald Trump is lamenting decades of USA trade policy as he addresses steel workers in IL. Juncker and Trump emerged from the meeting with a handshake deal to avoid a trade war between the US and the EU. Trump, you have to think how that fits into the strategy", she said. Nine major agriculture associations voiced support for President Donald Trump's plan to aid American farmers impacted by retaliatory tariffs.

Money Following a meltdown in Facebook, Twitter plummets 18%
Author: 0 Following a meltdown in Facebook, Twitter plummets 18%

Twitter said its number of monthly users fell in the second quarter , and will likely continue to drop as it shuts down fake accounts, sending the company's stock tumbling 16% in early morning trading. Twitter actually reported a profit for the third consecutive quarter, with $100 million in net income. Despite Twitter suffering its second-worst loss since it went public in November 2013, the stock has still doubled in value over the last 12 months.

Money Touting EU deal, Trump claims Europe now 'open' to United States farmers
Author: 0 Touting EU deal, Trump claims Europe now 'open' to United States farmers

The U.S. and European Union will "hold off on other tariffs"' while negotiations proceed, as well as re-examine U.S. steel and aluminum tariffs and retaliatory duties imposed by the EU "in due course", Juncker said. Juncker came to Washington for a last-ditch bid to avoid USA tariffs on cars. Trump has announced a series of punitive tariffs on Chinese imports in a bid to halt a Chinese surge in high-technology industries that threatens to displace US dominance.

Money Facebook stock drops 20% wiping away a record $120 billion
Author: 0 Facebook stock drops 20% wiping away a record $120 billion

Facebook CFO David Wehner told investors revenue growth would decline significantly over the next few quarters, and that Facebook's operating margin would drop from 44% in Q2 to the mid-30% range over a time frame of more than the next two years .

Author: 0 Bahri VLCC damaged in Red Sea attack by Houthi rebels

Saudi Arabia, the world's largest oil exporter, also has a pipeline route to the city of Yanbu on the Red Sea keeping Europe and North America well supplied - the five million barrels per day (bpd) Petroline. "The targeted attack on the Saudi oil tankers in the Red Sea confirms the necessity to liberate Hodeida from Houthi militias", said Gargash, whose country is part of the Saudi-led coalition.

Money SEC rejects Winklevoss's Bitcoin ETF bid
Author: 0 SEC rejects Winklevoss's Bitcoin ETF bid

The drop also coincided with a signal of lost momentum that some traders consider to be bearish, the first such indication since the token's historic surge in December. "The disapproval order discourages new institutional participants from entering this market". "More institutional participation would ameliorate numerous Commission's concerns with the bitcoin market that underlie its disapproval order", she wrote in a statement, adding that the decision "sends a strong signal that ...

Money Trump greets European Union chief, says United States seeks 'level playing field' on trade
Author: 0 Trump greets European Union chief, says United States seeks 'level playing field' on trade

Trump agreed: "I think if we could have no tariffs and no barriers and no subsidies, then the USA would be very pleased". Mr Trump and Mr Juncker said the talks would also seek to "resolve" U.S. The tweet follows Trump's message at a VFW event in Missouri on Tuesday, in which the President implored farmers - many of whom reside in key swing states the helped power him to victory in 2016 - to weather the pain from the trade fight.

Money Backing off auto tariffs, US and European Union agree to more talks
Author: 0 Backing off auto tariffs, US and European Union agree to more talks

US White House spokesperson Hogan Gidley announced on Tuesday that President Trump meant to bring up at the meeting with the chief of the European Commission issues regarding bilateral trade and the fight against terrorism. The Trade Promotion Program will help farmers seek out new export markets. "I think the European Union as a foe what they do to us in trade", he said.

Money Trump and top European leader agree to work toward zero tariffs
Author: 0 Trump and top European leader agree to work toward zero tariffs

Meanwhile, China's President Xi Jinping on Wednesday said that there would be "no winner" in any global trade war, in a direct warning to Mr. Trump. The US president also declared the European Union had agreed to buy "a lot of soybeans" and increase its imports of liquefied natural gas from America.

Money Facebook stock plunges more than 20 percent
Author: 0 Facebook stock plunges more than 20 percent

On Wednesday afternoon's earnings call with analysts, Facebook CEO Mark Zuckerberg announced another way the social network measures and breaks out users: about 2.5 billion people use at least one Facebook-owned app - Facebook , WhatsApp, Instagram, and Messenger - each day.

Money Single Mega Millions victor to take home $522 million jackpot
Author: 0 Single Mega Millions victor to take home $522 million jackpot

The odds of winning the Mega Millions jackpot are approximately 1 in 258.9 million. More than a million people won a smaller prize Friday night, payouts which occurs if an individual matches a few numbers but not all. The jackpot is worth $522 million. The name of the victor wasn't immediately known. Bluebird Liquor has a history of producing winning lottery tickets, proudly displaying them on its ceiling and walls.

Author: 0 Ex-Fiat Chrysler CEO Sergio Marchionne dies aged 66

He was handpicked by the U.S. government to save Chrysler and is credited with turning the dysfunctional companies into the world's seventh-largest automaker. Sergio Marchionne , man and friend, is gone". The new CEO will implement the company's 2018-2022 Business Plan, which was presented earlier this year.

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

The industrial action is being taken next Wednesday (July 25th) and Thursday (July 26th), with Italian cabin crew also set to strike on the first day of the action. Ryanair cancelled flights on high frequency routes yesterday and all customers affected received text and email notifications. So far, the airline has only recognised cabin crew and pilots' unions in Britain and Italy.

Money Trump administration plans $12 billion bailout for USA farmers hurt by tariffs
Author: 0 Trump administration plans $12 billion bailout for USA farmers hurt by tariffs

Sasse said he doubted Trump's trade policies will Make America Great Again as promised, but instead "Mak [e] America 1929 Again". Donald Trump heard an earful on Tuesday from senators in his own party after his administration pledged to provide up to $ 12 billion in aid for USA farmers to shield them from the effects of trade disputes cultivated by the White House itself.

Money US announces billions to help farmers hurt by Trump tariffs
Author: 0 US announces billions to help farmers hurt by Trump tariffs

Officials said the direct payments could help producers of soybeans, which have been hit hard by retaliation to the Trump tariffs, along with sorghum, corn, wheat, cotton, dairy and farmers raising hogs. Yet for all the harsh words, Politico reported there is little to no movement to stop the tariffs or the bailout to farmers whom the tariffs are hurting.

Author: 0 Baldwin joins Johnson in writing Trump letter over tariffs

This will help producers of soy, sorghum, corn, wheat, pork, dairy, fruit, rice and nuts, all products hit by tariffs imposed in response to U.S. actions. Trump began discussing tariffs during his campaign for president, when he threatened to slap tariffs on Chinese goods. The Trump administration touted the importance of American-made and American-operated products, which was defined as having contained no, or a negligible amount of, "foreign content", according to a White House pool ...

Author: 0 Trump Plans Farm Bailout To Deal With Backlash To His Trade War

Trump has also placed tariffs on imported steel and aluminum from the European Union and Canada, threatening to slap tariffs on imported cars, trucks and auto parts. "Tariffs are the greatest! " he said as he warned against using tariff as a tool to fight out the unbalanced trade with the US. Shares of farm-related companies rose following reports of the financial assistance, which raised the prospect that farmers will have more to spend on tractors and other farm gear.

Money Mega Millions ticket worth $1M sold in Delaware County
Author: 0 Mega Millions ticket worth $1M sold in Delaware County

You can check the Mega Millions website , call the player information number in each Mega Millions state, get the winning numbers via emails or text or just watch the drawings every Tuesday and Friday night. Each annual payment is five percent larger than the previous one. The one-time lump sum cash payment is $303 million. This is the fifth-largest jackpot in the game's history and the 11th largest in US lottery history.

Money Old anti-Obama tweets go viral after Trump threatens Iran
Author: 0 Old anti-Obama tweets go viral after Trump threatens Iran

Trump, don't play with the lion's tail , this would lead only to regret", Iran's president said . "And Iranians have heard them - albeit more civilized ones - for 40 years", he said, adding that Iran " has been around for millennia " and has witnessed the fall of empires, including its own, " which lasted more than the life of some countries ".