Finance

Finance Chipotle slumps after illness complaints linked to OH outlet
Author: 0 Chipotle slumps after illness complaints linked to OH outlet

Chipotle has closed down one of its restaurants in Powell, Ohio for the time being after several reports of customers becoming ill. The burrito chain briefly closed down one of its restaurants in Powell, Ohio Monday after a number of customers became sick.

Author: 0 U.S. may slap China with higher tariffs, Beijing vows to retaliate

The Trump administration is proposing raising planned taxes on $200 billion in Chinese imports to 25 percent from 10 percent, potentially ratcheting up a trade war with China . Concerns about the trade war are popping up in various business and consumer confidence surveys, prices for goods hit by various tariffs are on the rise, and businesses are starting to feel the squeeze from the increased prices.

Finance Iowa Sales Tax Holiday set for August 3-4
Author: 0 Iowa Sales Tax Holiday set for August 3-4

Early proposals this year in the Legislature would have offered a 10-day holiday , as requested by Gov. Rick Scott, with taxes lifted on the first $1,000 of the cost of personal computers and related accessories. The holiday this year is projected to save shoppers $32.7 million, reducing state revenue by $26 million and local-government revenue by $6.7 million.

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

Elsewhere Saudi Aramco, the state-owned oil company of Saudi Arabia, has reportedly been eyeing a public offering that could value it near $2 trillion, but the listing has been mired with delays . Other tech giants have been approaching $1 trillion in market cap, but still lag behind Apple . Twitter's market capitalization is $24B which is just a little more than the Apple buybacks last quarter (they bought back $23B in the 1st quarter and over $43B for the year).

Finance USDA issues alert about multiple salads, wraps due to parasite worry
Author: 0 USDA issues alert about multiple salads, wraps due to parasite worry

The potentially affected salads and wraps sold at Kroger , Trader Joe's and Walgreen's were produced between July 15-18, with a "best by", "enjoy by", "best if sold by" or "sell by" date ranging from July 18-23, according to the FSIS . Symptoms of Cyclospora infection include watery diarrhea, loss of appetite and weight, cramping, bloating or increased gas, nausea, fatigue, and low-grade fever.

Finance Tesla stock surges as Musk looks to make good with analysts
Author: 0 Tesla stock surges as Musk looks to make good with analysts

Tesla experienced "production hell" involving the Model 3, but has stabilized its production and finally saw positive gross margins. Last quarter, Musk mistreated two analysts by calling their queries about the company's cash needs and Model 3 orders "so dry" and "not cool".

Finance Asian shares slip on tech rout, focus shifts to BOJ
Author: 0 Asian shares slip on tech rout, focus shifts to BOJ

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would tolerate moves in the 10-year JGB yield of around 20 basis points from its policy target of zero percent, wider than the range of 10 basis points around the target allowed previously.

Finance USA sanctions Turkish officials over pastor's detention
Author: 0 USA sanctions Turkish officials over pastor's detention

Pence has said that "there is no credible evidence against" Brunson. Despite today's escalation, some experts worry that the administration's sanctions may be too late and too narrowly focused to force Turkey's hand. Turkey has accused him of helping the group that Ankara has said was behind a failed military coup two years ago. On July 26 , Trump announced in a tweet that if the Turkish government did not release Brunson, the US would impose "large" sanctions on Turkey.

Finance Tesla's $1500 surfboards are already sold out
Author: 0 Tesla's $1500 surfboards are already sold out

The product page went live on the Tesla online shop early Saturday but the surfboards have already sold out. The design of the surfboard is deeply inspired by Tesla cars with the overall design and carbon fiber touches. No one knows for sure why Tesla chose to add a surfboard to its list of online wares. The American vehicle company says that their new surf craft was specifically created to fit inside or outside the Model S, X and 3 electric cars.

Finance Apple quarterly profit leaps, nears US$1t value
Author: 0 Apple quarterly profit leaps, nears US$1t value

Even though iPhone unit shipments inched up 1% to 41.3 million, revenue catapulted 20% to $29.9 billion because the $999 iPhone X was the top-selling brand, Apple CEO Tim Cook said in a conference call with analysts today. It has also soothed investor concerns with a $US100 billion stock buyback program and promises of growth from services such as streaming music and video, where Apple faces competition from rivals including Spotify and Netflix .

Finance Harley-Davidson Bombshell Includes Adventure Bike
Author: 0 Harley-Davidson Bombshell Includes Adventure Bike

Earlier this year, it was believed that Harley-Davidson's first electric motorcycle , the LiveWire , would hit dealerships before the year's end . "The plan centres on bold new product introductions and is largely geared to expanding Harley's appeal in faster-growth worldwide markets", William Blair analyst Sharon Zackfia said.

Finance McDonalds celebrates Big Mac's 50th anniversary by launching a new coin
Author: 0 McDonalds celebrates Big Mac's 50th anniversary by launching a new coin

Customers can then cash the coins in for a free Big Mac starting August 3. Beginning at lunch time on August 2, customers can pick up a MacCoin with each purchase of a Big Mac at 14,000 McDonald's locations. In 1967, Michael James "Jim" Delligatti lobbied the company to let him test the burger at his Pittsburgh-area restaurants. As with many of McDonald's popular and long-lasting menu items, the idea for the Big Mac came from a franchisee.

Finance Local farmers react to emergency aid
Author: 0 Local farmers react to emergency aid

The fear among many observers is that Beijing is deliberately pushing the yuan down to enhance China's trade competitiveness and offset the economic cost of the new USA tariffs. Over the past three months, the yuan has depreciated by around 7.7 per cent in value against the U.S. dollar, with most of the fall taking place in the few weeks since Donald Trump confirmed he would slap a 25 per cent duty on 1,100 imports from China.

Finance Donald Trump’s big European Union trade win is no more than rhetoric
Author: 0 Donald Trump’s big European Union trade win is no more than rhetoric

After the meeting, Trump declared a "new phase in the relationship" between the two trading blocs, and said: 'We are starting the negotiation right now but we know very much where it's going'. Critics of the agreement were especially miffed that existing steel and aluminium tariffs will remain in place despite the White House meeting. What he failed to mention (aside from the fact that the official text includes no formal commitments from the EU) is that this is unlikely to make a dent in ...

Finance Trump claims victory as GDP grows at fastest pace since 2014
Author: 0 Trump claims victory as GDP grows at fastest pace since 2014

And at a White House appearance Friday with his top economic advisers and Vice President Mike Pence, the president boasted that "we've accomplished an economic turnaround of historic proportions". The GDP report showed the Fed's preferred inflation gauge, the personal consumption expenditures (PCE) price index excluding food and energy, increased at a 2.0 percent rate in the second quarter.

Finance After being banned for years, Facebook enters China amid tight censorship
Author: 0 After being banned for years, Facebook enters China amid tight censorship

Popular websites and apps such as Twitter , Facebook, YouTube, WhatsApp and Instagram are blocked in the country. Its new center was revealed in a filing by Facebook Technology (Hangzhou) Co. To court China, Zuckerberg previously pulled out all the stops, dining with China's president, hosting a question-and-answer session in Mandarin at a Chinese university, and even once jogging across a smog-choked Tiananmen Square.

Finance Twitter to prioritize fixing platform over user growth, shares plunge
Author: 0 Twitter to prioritize fixing platform over user growth, shares plunge

The report follows Facebook's historic plunge yesterday, in which it lost $119.1 billion in market value - the largest single day loss ever for a publicly traded company. Social media researchers for years had complained about the prevalence of bots - automated accounts managed by people seeking to shape online discourse - on Twitter, accusing the company of playing down the problem and not doing enough to curtail their influence.

Finance Kudlow: Europe Agreed to Help Us Confront China
Author: 0 Kudlow: Europe Agreed to Help Us Confront China

American soybean producers have been badly hit after China slapped restrictions on imports in response to United States tariffs. Reaction on financial markets ranged from enthusiasm on stock exchanges to scepticism among currency investors, while commodities experts said Trump's proclamation that Europe would buy "lots of" soybeans from US farmers hit by his trade row with China was not all that it seemed.

Finance Facebook Suffers Huge One-Day Drop in Market Value
Author: 0 Facebook Suffers Huge One-Day Drop in Market Value

Founder and CEO Mark Zuckerberg , who has a 13 percent stake in Facebook , saw his fortune dropped by more than $12 billion in less than 24 hours, to around $74 billion. Facebook has also faced public image problems because of the way Russian Federation used the site to try to influence the 2016 USA presidential election.

Author: 0 Trump touts economy: 'These numbers are very, very sustainable'

Trump said Friday. GROWTH SEEN SLOWING Import duties are seen undercutting economic growth, with higher prices for goods discouraging consumer spending and businesses shelving investment plans. Analysts aren't convinced the acceleration will last, predicting solid yet less spectacular growth in the second half of the year as the tax stimulus begins to fade, the Federal Reserve raises borrowing costs again and the expansion ages.

Finance Putin Says He Is Ready To Meet With Trump Again
Author: 0 Putin Says He Is Ready To Meet With Trump Again

Russian President Vladimir Putin said on Friday he had invited Donald Trump to Moscow and that both he and the USA president want further summits, despite the uproar in Washington after the two leaders met in Helsinki last week . But the skepticism Trump describes centers on whether the second quarter's outsize growth can be sustained. The result was boosted by a budget deal at the beginning of this year that added billions to American defence and domestic spending.

Author: 0 Vladimir Putin invites Donald Trump to Moscow

Mr. Putin and Mr. Trump met in Helsinki earlier this month at a summit, but Mr. Trump faced a storm of criticism back home for his handling of the meeting. 2016 elections. He later postponed it until next year, saying he wanted Mr. Mueller's probe to be concluded first. Donald Trump and Vladimir Putin want to see each other, but they can't decide when and where.

Finance Amazon profit rises but sales growth could slow
Author: 0 Amazon profit rises but sales growth could slow

According to the research firm eMarketer , Amazon's e-commerce revenue will grow more than 28 per cent this year to reach US$394 billion, and will account for 49 per cent of USA online retail sales and almost five percent of all retail spending.

Finance Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack
Author: 0 Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack

The world's largest oil producer closed the Bab al-Mandeb Strait after two large oil tankers were attacked by Iranian backed Houthi fighters with one sustaining minimal damage. The latest attack on Saudi oil tankers could strengthen the Arab states' position ahead of possible United Nations -sponsored peace talks between Yemen's warring parties, which aim to avoid an all-out assault on the country's main port city of Hodeidah .

Finance European Union divided over Trump trade deal
Author: 0 European Union divided over Trump trade deal

Mr. Trump recently threatened to slap tariffs on $500 billion in Chinese exports to the USA, virtually everything it sends to Americans. The leaders pledged to expand European imports of USA liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos.

Finance Facebook faces a day of reckoning, at least on Wall Street
Author: 0 Facebook faces a day of reckoning, at least on Wall Street

Facebook boss Mark Zuckerberg's fortune has shrunk by nearly $16 billion after the social network was clobbered by the biggest one-day price drop in stock market history. Downgrades from analysts, naturally, started pouring in, like this one from Nomura's Mark Kelley, who cut the stock from a "buy" to a "neutral" rating.

Finance Britain to keep European Union laws during Brexit transition
Author: 0 Britain to keep European Union laws during Brexit transition

And he insisted the United Kingdom would not "cower" in talks with Brussels following concerns that a "no-deal" Brexit was becoming more likely. During his evidence, Mr Raab insisted there were "no tensions" as he gave evidence to MPs alongside Mrs May's top aide Olly Robbins - who has just been handed more powers.

Finance Trump And EU Agree To Work Toward Zero Tariffs
Author: 0 Trump And EU Agree To Work Toward Zero Tariffs

US President Donald Trump is due to meet on Wednesday ( July 25) with European Commission President Jean-Claude Juncker in a bid to resolve a festering trade dispute between the two key economies. Perdue calls the plan a "temporary measure", saying it would help farmers bounce back from the trade war fallout. "Without strong European answers, there is a danger that only we will make concessions and in response face new unreasonable demands from the United States of America", he said, ...

Finance Oil prices rise as fears of oversupply ebb
Author: 0 Oil prices rise as fears of oversupply ebb

A better-performing greenback makes dollar-denominated gold more expensive for traders using other currencies, effectively making it less attractive for investors. Refinery utilization rates fell by 0.5 percentage point. Its plans for fiscal spending and softer regulation are easing concerns over trade tensions between the world's two largest economies, which have prompted ministers and central bankers from the Group of 20 nations to warn of risks to growth.

Finance Facebook forecasts slowing growth, rising expenses; shares fall 19 per cent
Author: 0 Facebook forecasts slowing growth, rising expenses; shares fall 19 per cent

In the final minutes of trading on Wednesday, shares hit $217.50, an increase of 32 percent in the last 12 months. But revenue - up 42 percent to $13.23 billion- was slightly below the $13.34 that Wall Street was expecting. Last week, Facebook incited controversy once again during a Recode interview , in which Zuckerberg said that some Holocaust deniers who posted to the social network aren't "intentionally getting it wrong".

Finance Trump Tweets: ‘Tariffs Are the Greatest’
Author: 0 Trump Tweets: ‘Tariffs Are the Greatest’

On Twitter, Trump says people "snipping at your heels during a negotiation" will only delay the process. We were being nice - until now! In a tweet earlier in the day, the president said: "Tariffs are the greatest ". The government's action points to administration concern about damage to USA farmers from Trump's trade tariffs and the potential for losing House and Senate seats in the Midwest and elsewhere.

Finance Trump administration announces US$12 billion aid plan for American farmers
Author: 0 Trump administration announces US$12 billion aid plan for American farmers

The US Agriculture Department said the programme would provide emergency relief to offset an estimated $11bn in losses it expects farmers to incur as the trade disputes disrupt markets. Stocks of farm equipment makers including Deere & Co. gained on reports of the planned announcement of aid to farmers. "China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S.

Author: 0 Former Fiat Chrysler boss Sergio Marchionne has died

On Saturday, FCA named Jeep division head Mike Manley as chief executive at the world's seventh-largest carmaker, saying the 54-year-old Briton would execute a new mid-term strategy that Marchionne had outlined in June. A tough negotiator known for getting his way, in 2005 Marchionne forced GM to pay Fiat $2 billion not to exercise an option to sell its auto division to the USA carmaker - a move that may not have helped his later merger overtures.

Finance Mega Millions Jackpot Grows To $512 Million
Author: 0 Mega Millions Jackpot Grows To $512 Million

The New York Lottery urges players to buy tickets in advance to avoid last-minute lines. That would deliver a cash prize of $308 million. Lisa Malfa from Effort says she too works at a gas station and has sold a winning ticket before. Strong sales boosted the total and organizers predict that it's likely to increase even more. Hearn was more hopeful about the odds. This is the 5th largest jackpot in the game's history.

Finance Trump suggests no tariffs between US, Europe
Author: 0 Trump suggests no tariffs between US, Europe

The moves have been unsettling to lawmakers with districts dependent upon manufacturers and farmers affected by the retaliatory tariffs. The announcement raised futures of soybeans, a crop heavily dependent on trade with China , to their highest price in two weeks, but it didn't win over skeptics on Capitol Hill, including Republicans from politically important agricultural states.