Finance

Finance China's bond yields jump, yuan falls on policy stimulus bets
Author: 0 China's bond yields jump, yuan falls on policy stimulus bets

Against that backdrop, the dollar has gained nearly 6 percent since mid-April. There was some respite for gold last week when U.S. Japan's Nikkei stumbled 1.4%, while Australian shares and South Korea's Kospi index fell 0.9% each. USA crude was last off 3 cents at $68.24 a barrel after posting its third straight weekly loss. Chinese government bond yields jumped and the offshore yuan hit its weakest level in more than a year on Tuesday after China's cabinet said it would pursue a more ...

Finance Certain Goldfish Crackers recalled due to salmonella risk
Author: 0 Certain Goldfish Crackers recalled due to salmonella risk

Out of an abundance of caution, the company said, it is voluntarily recalling the four types of Goldfish crackers that contain this seasoning. Pepperidge Farm uses that powder in some of its Goldfish products. The company says there's a chance the products may be tainted with salmonella . About 1.2 million people in the US are sickened with salmonella each year, mostly due to contaminated foods.

Finance Satellite images show North Korea is 'dismantling facilities at ballistic missile site'
Author: 0 Satellite images show North Korea is 'dismantling facilities at ballistic missile site'

The move is said to be the dictatorship's first step towards fulfilling a pledge made to the US President Donald Trump in June . U.S. officials later confirmed that the site that the USA president was referring to was Sohae. As North Korea disarms, in keeping with such deals, there are growing calls for sanctions relief, though the U.S. is so far resistant. It said they should "implement effective due diligence policies, procedures, and internal controls to ensure compliance with ...

Finance Trump tweets ‘Tariffs are the greatest!’ as emergency aid planned for farmers
Author: 0 Trump tweets ‘Tariffs are the greatest!’ as emergency aid planned for farmers

Details about the bailout plan are scanty at this point, though the Post indicates it will include "direct assistance, a food purchase and distribution program, and a trade promotion program". It's as simple as that - and everybody's talking! Despite Trump's boasts of "winning" his trade wars with multiple countries, many Trump-supporting farmers across the country have been sounding the alarm that they will be badly hurt by retaliatory tariffs on American soybeans.

Finance Alphabet profits jump despite record European Union fine
Author: 0 Alphabet profits jump despite record European Union fine

When excluding the fine, earnings came to $11.75 U.S. per share, which topped the average estimate of $9.45 USA per share by analysts surveyed by Zacks Investment Research. "Our investments are driving great experiences for users, strong results for advertisers, and new business opportunities for Google and Alphabet", said Ruth Porat , chief financial officer for both Alphabet and Google in a statement.

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

That means Google is still spending over half a billion dollars keeping its former Moonshots afloat. Key ad-driven services like Google Search and YouTube grew dramatically as well. Alphabet's $32.66 billion in second-quarter revenue, 86 percent of which came from Google's advertising business , beat an average estimate of $32.17 billion.

Author: 0 Tesla asked suppliers for money back to boost profitability

Shares of Tesla Inc TSLA .O fell as much as 6.6 percent on Monday after a report that the electric vehicle maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit. Musk tweeted this morning to clarify what the company was up to saying , "Only costs that actually apply to Q3 & beyond will be counted". Tesla did not respond to a BBC request for comment.

Finance Mega Millions Jackpot Expected To Climb To $493 Million
Author: 0 Mega Millions Jackpot Expected To Climb To $493 Million

The winning numbers for a $422 million Mega Millions jackpot were announced on Friday night as 44, 14, 30, 62, 1 and the "golden mega" final ball as 1. Friday's drawing will take place at 8 p.m. PT. The odds to match all six numbers: 1 in 302,575,350, which is tougher than hitting the Powerball, where odds are 1 in 292,201,338.

Finance Trump accuses China, EU of currency manipulation
Author: 0 Trump accuses China, EU of currency manipulation

The S&P 500 Index slipped less than 0.1 percent to 2,801.83 as of 4:08 p.m.in NY. "If that happens, farmers in the U.S. could take an even greater hit". After the interview , Mr Trump reiterated criticism of the Federal Reserve's planned interest-rate hikes, posting on Twitter that the tightening policy would diminish any USA trade advantage and exacerbate losses from "bad trade deals".

Finance Trump says no 'time limit' on North Korea denuclearisation
Author: 0 Trump says no 'time limit' on North Korea denuclearisation

The date and the number of sets of remains to be returned were not disclosed. Russia's envoy to North Korea said on Wednesday it would be logical to raise the question of easing sanctions on North Korea with the United Nations Security Council, as the United States pushes for a halt to refined petroleum exports to Pyongyang.

Finance Trump set to raise tariffs on China to $500B
Author: 0 Trump set to raise tariffs on China to $500B

If the Fed moves too aggressively, however, it could curb economic activity so severely that it helps to provoke a recession. Trump said he is "not thrilled" about the Fed's recent interest rate hikes . Trump also said the U.S.is "being taken advantage of" on trade and monetary policy. The same couldn't be said for Arthur Burns under Richard Nixon.

Finance GST Council reduces tax rates on more than 50 items
Author: 0 GST Council reduces tax rates on more than 50 items

After a year-long campaign, the GST on sanitary napkins has finally been abolished. The next GST council meeting will take place on August 4. This will be the first time when Piyush Goyal will chair the meeting of GST Council after taking charge as Fiance Minister in the absence of Arun Jaitley.There are also reports that the GST Council may consider setting up a National Appellate Tribunal in Delhi with three regional branches, so that there is no contradiction and dispute in the ...

Finance US Economic Adviser Kudlow says no recession until 2024
Author: 0 US Economic Adviser Kudlow says no recession until 2024

On July 10, the Trump administration proposed a new wave of tariffs on $200 billion worth of Chinese goods. " President Trump inherited this mess and a broken trading system", Kudlow said. Kudlow's calls for steady or increasing growth in the coming cycle comes up against broad-market expectations of a mild downturn in 2019 and beyond, but Kudlow's job description makes it hard for President Trump's top economic mind to cast doubt on the impacts of the POTUS' economic policies.

Finance EU calls for more open Chinese economy ZlotoNews
Author: 0 EU calls for more open Chinese economy ZlotoNews

More than 500 disputes have been brought to the WTO since 1995, the report said . "They are a clear violation of the basic WTO principle of most-favoured-nation treatment as well as the basic spirit and principles of worldwide law", the ministry stressed.

Author: 0 Trump threatens tariffs on all $500B of Chinese imports

CNBC calls the rebuke "stinging and historically rare criticism ", noting that presidents typically don't intercede with Fed affairs. The US, which is now doing well, should preserve its right to recover what was lost through such practices as illegal currency manipulation and trade deals that were not profitable for the US, the president tweeted .

Finance Oil prices rise as concerns about oversupply ease
Author: 0 Oil prices rise as concerns about oversupply ease

Notwithstanding, the irony of the situation is that even though this production level blew away expectations and is indeed historic, it still may not be enough to satisfy our raging ravenous oil demand in the short term. Still, overnight oil is weak as the USA dollar soars and other commodities get crushed. A Reuters survey of Opec production showed Saudi output at a near-record, up 700,000 barrels a day at 10.70-million barrels a day.

Finance Microsoft's Cloud Proves It's Worth the Big Price
Author: 0 Microsoft's Cloud Proves It's Worth the Big Price

Revenue has increased 17 per cent year over year, and net income is up 35 per cent, the company said in a statement late on Thursday. Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Finance Prime Day: Amazon website suffers outages on its biggest annual sale
Author: 0 Prime Day: Amazon website suffers outages on its biggest annual sale

Based on its Prime Day analytics data, retailers with more than a $1 billion in annual revenue saw a 54 percent lift in their Prime Day sales versus an average Tuesday. It's not all about music-making though with endless deals on everything from Amazon device products to groceries. The snags were an embarrassment for the tech company on the much-hyped shopping holiday it created.

Author: 0 Markets fall after Trump criticises Fed rate hikes

While Trump is far away from Nixon's level of interference, Daco said it is important to keep an eye on. "The Fed should be independent but that independence does not mean that is an institution outside of the government of the United States", said Mark Grant, managing director at money managing firm B.

Finance Trump says EU taking advantage of US with $5 billion Google fine
Author: 0 Trump says EU taking advantage of US with $5 billion Google fine

US President Donald Trump on Thursday attacked the European Union for fining Google $7.4 billion ($5 billion US) for harming its competitors, tweeting that the incident proved the regional bloc has "taken advantage of the USA, but not for long!" The president tweeted: "I told you so!" It is likely to stoke tensions between Europe and the US, which regulates the tech industry with a lighter hand and has complained that the European Union is singling out American companies for punishment.

Finance British Prime Minister wins key Brexit vote despite ongoing rebellion
Author: 0 British Prime Minister wins key Brexit vote despite ongoing rebellion

And Wes Streeting, a supporter of the People's Vote campaign for a second referendum, said: " Boris Johnson's speech was a total damp squib". Britain's Prime Minister Theresa May is shown on July 9 speaking in the House of Commons after the resignations of Boris Johnson and David Davis became public.

Finance UK Inflation Miss Adds a Little Doubt to BOE August Rate Hike
Author: 0 UK Inflation Miss Adds a Little Doubt to BOE August Rate Hike

RECENT hikes in energy costs and petrol prices are expected to send United Kingdom inflation to its highest level in four months when official figures are disclosed on Wednesday. But some relief emerged for consumers on the high street, where clothing discounts, most strongly felt in men's apparel, left more cash in shoppers' wallets.

Finance John ‘Papa’ Schnatter Removed As Papa John’s Spokesperson
Author: 0 John ‘Papa’ Schnatter Removed As Papa John’s Spokesperson

Schnatter, according to a report in the Wall Street Journal on Tuesday, has since gone as far as to call his resignation "a mistake". Schnatter is still a member of the board, but is no longer allowed to use the offices at Papa John's headquarters in Louisville, Ky., and will be removed from all advertising and marketing materials.

Finance Papa John's is pulling founder's image from its marketing
Author: 0 Papa John's is pulling founder's image from its marketing

He owns almost 30 percent of the shares, and remains on the board even after ceding his role as chairman. They also moved to terminate a sublease agreement that granted Schnatter the right to use certain office space at the Papa John's headquarters in Louisville.

Finance Elon Musk Attacks Thai Cave Rescue Hero Who Criticized His Mini Submarine
Author: 0 Elon Musk Attacks Thai Cave Rescue Hero Who Criticized His Mini Submarine

British rescuer Vern Unsworth says he is considering legal action against U.S. billionaire Elon Musk after he made an unfounded and disparaging claim he was a " pedo ", or pedophile, in a now-deleted tweet . Representatives for Musk and his companies - SpaceX , Boring Co. and Tesla - did not respond to requests for comment Sunday. "It is made of rocket parts.

Author: 0 Netflix shares plunge in after-hours trade after forecast miss

Bloomberg said that investors and analysts now have the job of weighing whether the slowdown is a blip or a longer-term problem. However, the company still reported earnings that beat analyst estimates. Far from it, revenue for the quarter checked in at $3.1 billion, a modest 10% increase from the same quarter a year-ago. That compares with consensus estimates for 1.2 million and 5.04 million, respectively.

Finance How To Make Sure That Prime Day Deal Is Really A Deal
Author: 0 How To Make Sure That Prime Day Deal Is Really A Deal

If you want in on the action early, Amazon is now offering some deals and giveaways on their own product line. Amazon is also giving you a head start on your back-to-school shopping: Pens, pencils, notebooks and backpacks will all be on sale.

Finance Target tries its own version of Prime Day
Author: 0 Target tries its own version of Prime Day

Easy to set up and use, members simply need to connect it to their HDTV to stream movies, TV shows, songs from Amazon Prime Music, Gaana and other services. For example, customers can see a dress modelled in 3-dimension, open a microwave placed on the kitchen countertop to look inside, and more. Vodafone is also offering free Amazon Prime subscription for one year to its Red postpaid customers.

Finance Elon Musk calls Thai cave rescuer a paedophile
Author: 0 Elon Musk calls Thai cave rescuer a paedophile

Musk also said he would prove his submarine was up to the task by sending it into the cave. According to Buzzfeed and Business Insider , Musk doubled down on his "pedo guy" remark on Twitter when answering replies to his statement. The submarine was reportedly 5 feet and 6 inches long, small enough to carry one of the boys but likely rigid and obtuse in the tight, murky dimensions of the cave network.

Finance China's ZTE sees heavy losses in H1 due to USA penalty
Author: 0 China's ZTE sees heavy losses in H1 due to USA penalty

Republican and Democratic US senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company . It recently named a new CEO and replaced its entire board to meet United States demands. Lawmakers have expressed concern that removing the company's seven-year restriction on receiving parts from USA suppliers could pose national security risks.

Finance 5 things to know about Tesla's China plans
Author: 0 5 things to know about Tesla's China plans

The South African-born Tesla boss had already confirmed that the Performance variant will use a powertrain layout similar to the dual-motor Model 3 , suggesting it will have a motor to drive each axle. The move triggered immediate and dollar-for-dollar retaliation by China. China retaliated by imposing an nearly identical tariff, meaning Chinese consumers who want to own a Tesla will have to spend an additional $30,000.

Finance McDonald’s removing salads from 3,000 stores after illness
Author: 0 McDonald’s removing salads from 3,000 stores after illness

It is noted that these salads were set firm, which was involved in a situation with a poisoning of people in the States of IL and Iowa . Vomiting, headache, fever, body aches and flu-like symptoms can also occur. McDonald's is cooperating with the Iowa Department of Health during the investigation. The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, ...

Finance Build-A-Bear
Author: 0 Build-A-Bear "Pay Your Age Promotion" prompts chaos across the nation

A Build-a-Bear spokesman said: "Per local authorities, our Meadowhall, Telford and Basingstoke locations will be closed for the remainder of the day due to extreme crowds and safety concerns ". Later, the retailer said it had offered vouchers to customers who were turned away from stores, and others could claim the discount online . Officials with Concord Mills and the Carolina Place malls tweeted just before 11 a.m that they had longer lines than expected.

Finance Justice Department to appeal approval of AT&T acquisition of Time Warner
Author: 0 Justice Department to appeal approval of AT&T acquisition of Time Warner

A notice of appeal was filed yesterday with a federal appeals court one month after Judge Richard Leon rejected the government's efforts to block the $85 billion deal following a weeks-long antitrust trial. This fuelled speculation that Trump could be retaliating due to critical coverage of his administration from news broadcaster CNN , which was part of Time Warner.

Finance Oil falls on trade tensions
Author: 0 Oil falls on trade tensions

Trade tensions threaten to undermine global economic momentum and crimp the demand for oil. Washington had previously said countries must halt all imports of Iranian oil from November 4 or face USA financial measures, with no exemptions.

Finance Trump blasts May over Brexit during United Kingdom visit, casting pall over ties
Author: 0 Trump blasts May over Brexit during United Kingdom visit, casting pall over ties

President, Sir Winston Churchill once said that "to have the United States at our side was, to me, the greatest joy", May told Trump, according to a text of her speech. Even if Brussels were to accept some form of today's plan, it now appears unlikely Mrs May has the votes to get it through Parliament. "I think they agree with me on immigration", he told reporters in Brussels.

Finance Woolworths Recalls Frozen Rice mix amid Listeria Concerns
Author: 0 Woolworths Recalls Frozen Rice mix amid Listeria Concerns

Listeriosis is a rare infection caused by the bacteria listeria . Woolworths on Monday removed a product believed to be contaminated with listeria from its shelves. Listeria can invade the central nervous system and cause meningitis and even brain infection. "The products affected contain a particularly risky strain of listeria and are being recalled as a precautionary measure to ensure consumers are protected, but particularly vulnerable populations", May said.

Finance May promises orderly Brexit amid more resignations, confidence vote calls
Author: 0 May promises orderly Brexit amid more resignations, confidence vote calls

Britain's endless self-inflicted turmoil over Brexit has taken a fresh turn, with Prime Minister Theresa May's new plan for a post-Brexit trade agreement and the resignations of key ministers from her government. He added: "All this stuff about a soft Brexit or a hard Brexit - there is only exit". But people like political communications expert Kevin Craig believe his departure - and that of David Davis - could strengthen the Prime Minister's outlook.