The Total Cost of Trump's New Tariffs

Altogether, the president's proposed tariffs could increase nationwide consumer costs by almost $40 billion annually. Juncker said: "The European Union can import more soybeans from the USA and this is happening as we speak". Under the agreemen... More..

by | Published more than a month ago
Apple hits the $1T milestone
by | Friday, August 03, 2018

Apple hits the $1T milestone

The company beat Wall Street expectations on Wednesday with $53.3 billion in third-quarter revenue, up 17 percent from the same quarter past year. Apple just became the first company to be worth $1 trillion...More..

Apple becomes 1st trillion-dollar company
by | Friday, August 03, 2018

Apple becomes 1st trillion-dollar company

Microsoft helps Apple survive with a $150 million investment. After launching the iPhone - arguably its most famous product - in 2007, Apple now churns out over 40 million of the devices every quarter , h...More..

by | Thursday, August 02, 2018

Fed leaves key rate unchanged with USA economy growing at 'strong rate'

The Fed also highlighted the low unemployment rate, and noted that household spending and businesses investment have grown strongly according to the Wall Street Journal. While leaving rates on hold as expecte...More..

by | Thursday, August 02, 2018

Google 'working on censored search engine' for China

Lastly, Google bowning down to the Chinese government is a huge win for the latter as it sets a precedent for smaller companies not to challenge censorship in China. "Fun fact: 2 months before I left Microsoft ...More..

by | Thursday, August 02, 2018

China says United States ‘blackmail’ won’t work, warns of retaliation on tariffs

In July, the Trump administration introduced 25-percent tariffs on Chinese goods worth $34 billion. The higher tariffs, which would apply to some $200 billion in Chinese imports identified by the administra...More..

by | Thursday, August 02, 2018

Bank of England raises interest rates to 0.75%

Ahead of the three-day meet, which started on Monday in Mumbai, experts were divided in their opinion if the RBI would hike the key rates. But the message for interest rates remained one of gradual and limi...More..

Emerging markets investor Mark Mobius warns RBI against raising interest rates
by | Thursday, August 02, 2018

Emerging markets investor Mark Mobius warns RBI against raising interest rates

With inflation running well above the central bank's medium-term target of 4% - and the outlook set to worsen as oil prices stay elevated and the currency slides - pressure is building on the Reserve Bank of...More..

by | Thursday, August 02, 2018

Bank of England hikes interest rates

If the economy performs in the way the Bank expects, further increases in interest rates "would be appropriate", it said. Following this move, the home loans, auto loans and EMIs are expected to become costli...More..

‘Perfect storm’ sees United Kingdom demand for British-made cars plummet
by | Thursday, August 02, 2018

‘Perfect storm’ sees United Kingdom demand for British-made cars plummet

The warning was made more explicit as fears over disruption to cross-border trade were highlighted by new figures showing that nine out of ten cars built in the United Kingdom last month were for the foreign ...More..

by | Thursday, August 02, 2018

Indian central bank raises rates for second time

Of the total six members of the MPC, five members - 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 ...More..

Huawei tops Apple in tightening smartphone market: IDC
by | Thursday, August 02, 2018

Huawei tops Apple in tightening smartphone market: IDC

He also said Honor's competition with Xiaomi , another China's leading smartphone brand, is over. Shipments of Honor-branded smartphones outside of China skyrocketed 150% over a year ago to 4 million. The ...More..

Dixons Carphone says data breach affected 10 million
by | Thursday, August 02, 2018

Dixons Carphone says data breach affected 10 million

Our investigation, which is now nearing completion, has identified that approximately 10 million records containing personal data may have been accessed in 2017. The National Crime Agency, National Cyber Se...More..

Pregnant woman served cleaning solution instead of latte
by | Thursday, August 02, 2018

Pregnant woman served cleaning solution instead of latte

She took a sip a short while later only to discover the brownish liquid in her cup was not coffee and milk. Douglas is eight months pregnant with her third child, Canadian media reported. " This needs to be m...More..

by | Thursday, August 02, 2018

Trump threatens to increase tariffs on China; China calls it ‘blackmail’

China, which has accused the United States of bullying, yesterday vowed to retaliate if President Donald Trump proceeds with the measures. While both have already imposed tariffs on $34 billion of the other...More..

BMW to build 1 billion euro electric auto factory in Hungary
by | Thursday, August 02, 2018

BMW to build 1 billion euro electric auto factory in Hungary

The automaker didn't say what models would be built at the new Hungarian plant, nor did it say whether or not it would be able to shift production from other facilities to this one, need be. By the end of June,...More..

by | Thursday, August 02, 2018

Higher interest on fixed deposits for NRIs after RBI rate hike

The reverse repo rate or the rate at which RBI borrows from commercial banks stands adjusted to 6.25 per cent. One basis point is a hundredth of a percentage point. With deposits rates going up and liquidit...More..

by | Thursday, August 02, 2018

Google allegedly working on censored search engine for Chinese market

The report from The Intercept revealed a project called "Dragonfly", and claimed its existence was known only to a relatively small amount of employees. Google could be preparing to launch a search engine in ...More..

Oil Prices Drop as U.S. Inventory Grows
by | Thursday, August 02, 2018

Oil Prices Drop as U.S. Inventory Grows

September Brent crude futures fell by seven cents to reach 74.90 dollars a barrel at 01:09 GMT after rising 68 cents, or 0.9 per cent, on Monday. On the New York Mercantile Exchange, West Texas Intermediate fut...More..

Trump Administration Threatens Even Higher Tariffs On China
by | Thursday, August 02, 2018

Trump Administration Threatens Even Higher Tariffs On China

Concerned that the U.S.'s tariffs on Chinese imports still haven't had the desired effect of getting the Chinese to cave in to American trade demands, the Trump administration is reportedly considering amping u...More..

Heineken sees profit margin contracting as competition heats up in Brazil
by | Thursday, August 02, 2018

Heineken sees profit margin contracting as competition heats up in Brazil

The brewer of Heineken lager, Tiger, Sol and Strongbow cider reported first-half earnings below market expectations and said its operating margin would decline by 20 basis points in 2018, compared with a prev...More..

RBI hikes lending rate, loans likely to become dearer
by | Thursday, August 02, 2018

RBI hikes lending rate, loans likely to become dearer

The hike in repo rate will fuel the marginal cost based lending rate (MCLR), which has already being moving upwards as many banks have been increasing their MCLR. "The MPC reiterates its commitment to achieving...More..

Kroger considering banning Visa cards, report says
by | Thursday, August 02, 2018

Kroger considering banning Visa cards, report says

The nation's largest grocery chain and its most widely held credit card are butting heads over transaction fees. But the action could be far-reaching. "It's pretty clear we need to move down this path, and if...More..

Tyson cites tariffs as it cuts earnings outlook for the year
by | Thursday, August 02, 2018

Tyson cites tariffs as it cuts earnings outlook for the year

Ladenburg Thalmann Financial Services Inc. now owns 107,380 shares of the company's stock worth $8,705,000 after acquiring an additional 22,387 shares during the period. Tyson Foods (NYSE: TSN ) is scheduled ...More..

Australian supermarket Coles gives in to customer pressure over plastic bags
by | Thursday, August 02, 2018

Australian supermarket Coles gives in to customer pressure over plastic bags

Over on Ten News' Facebook page , one man said "Coles does not give their customers a lot of credit do they?" It then extended the giveaway until August 1, but once that date rolled by it walked away from th...More..

Tesla burns $739.5 million in cash on way to record 2Q loss
by | Thursday, August 02, 2018

Tesla burns $739.5 million in cash on way to record 2Q loss

As it ramps up production of the Tesla Model 3 , Tesla announced Wednesday that it reduced its financial losses in the second quarter-barely. Tesla went through $739.6 million in cash between April and ...More..

by | Thursday, August 02, 2018

Leaked document shows Google's plans for its censored search engine in China

Patrick Poon, a Hong Kong-based researcher with Amnesty International, told The Intercept that Google's apparent decision to go along with the Chinese government's repressive demands in pursuit of profit is "...More..

Five-day sales tax holiday in Wisconsin begins
by | Thursday, August 02, 2018

Five-day sales tax holiday in Wisconsin begins

Governor Scott Walker announced Wisconsin's first ever sales tax holiday that will start August 1st and run through August 5th. Delivery charges are still part of the sales price and are not exempt during thi...More..

Turkey threatens to retaliate against any United States sanctions over detained pastor
by | Thursday, August 02, 2018

Turkey threatens to retaliate against any United States sanctions over detained pastor

The sanctions will freeze the USA assets of Turkey's minister of justice, Abdulhamit Gul, and its minister of interior, Suleyman Soylu. The U.S. Senate previously tried to prohibit the sales of F-35 Joint Str...More..

Three Ukrainians arrested for hacking over 100 U.S. companies
by | Thursday, August 02, 2018

Three Ukrainians arrested for hacking over 100 U.S. companies

The campaign of attacks is estimated to have cost tens of millions of dollars in damages, Hayes said. Victims include the Chipotle Mexican Grill, Emerald Queen Hotel and Casino in Washington state, Jason's ...More..