Money

Trump, Iran spar over oil prices ahead of OPEC meeting

Trump, Iran spar over oil prices ahead of OPEC meeting OPEC, in its Monthly Oil Market Report for June, put Nigeria's output at 1.516 million bpd in May, down from 1.63 million in April and 1.861 million bpd in December 2017. A mix of new US sanctions on Iran, chaos in Venezuela and robust global growth has tightened the oil market. The president has been vocal about his dissatisfaction with oil prices in the past. [Full Article...]

Trump announces 25 percent tariff on Chinese technology

Trump announces 25 percent tariff on Chinese technology We may delve into this with more detail in the coming weeks as the situation develops but for now its fairly easy to summarize just how disadvantaged the U.S.is when it comes to playing a game of trade war with our largest trading partner . [Full Article...]

Sheriff: 1 deputy killed, another critically injured after shooting

Sheriff: 1 deputy killed, another critically injured after shooting Bailiff said their own firearms could have been used against them. Kelli Bailiff. The inmate was taken in a van to a gated area behind the building, and when the inmate got out of van, he somehow overtook and shot the deputies, possibly with their own guns, Bailiff said. [Full Article...]

Charlotte Airport Latest: Flights Cancelled Stranding Thousands of Passengers After Technical Fault

Charlotte Airport Latest: Flights Cancelled Stranding Thousands of Passengers After Technical Fault WBTV reports 275 flights were canceled Thursday night, including 120 at Charlotte-Douglas International Airport. "Our team members are focused on taking care of our customers by accommodating them on mainline flights or other regional carriers". [Full Article...]

Elizabeth Holmes, Theranos founder, charged

Elizabeth Holmes, Theranos founder, charged Shortly before the indictments were announced on Friday, the company said that Holmes would step down as chief executive officer. "This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives", Special Agent in Charge John F. [Full Article...]

White House Official: President Trump's Mind Made Up on Significant China Tariffs

White House Official: President Trump's Mind Made Up on Significant China Tariffs That includes a tentative deal to increase Chinese purchases of energy and agricultural goods. China responded immediately, saying it will impose comparable taxes on USA goods, despite threats from Trump that such a move would results in further retaliatory measures. [Full Article...]

McDonald's Will Ditch Plastic Straws Later This Year

But it could take years to come into effect. Several large United Kingdom restaurant chains such as Pizza Express and Wagamama have already stopped using plastic straws. But not everyone thinks total bans are the answer. Speaking in March, Paul Pomroy, McDonald's UK CEO, said "the reduction and use of plastics is a hugely important issue - for our business, for the sector and for society". [Full Article...]

Kellogg’s recalls Honey Smacks that may contain salmonella

Kellogg’s recalls Honey Smacks that may contain salmonella According to the CDC, the outbreak has affected 73 people across 31 states so far. No deaths have been reported, but 24 people have been hospitalized. The company told the BBC the product also had a limited distribution in Costa Rica, Guatemala, Mexico, the Caribbean, Guam, Tahiti and Saipan in the Northern Mariana Islands. [Full Article...]

Trump approves plan to impose punishing tariffs on Chinese goods

Trump approves plan to impose punishing tariffs on Chinese goods President Trump set to approve a new list of $50 billion worth of tariffs on Chinese goods, according to press reports. Tariffs on any products added to the U.S. Pompeo met with Chinese President Xi Jinping later in the evening, and wished Xi a happy birthday for Friday. "U.S. -China trade tensions will be long-lasting", said Yifan Hu, regional chief investment officer and chief China economi... [Full Article...]

Massachusetts Named One Of The Least Affordable States For Renters

Massachusetts Named One Of The Least Affordable States For Renters MA is the sixth-most expensive state for renters, according to the study. An afternoon recap of the day's most important business news, delivered weekdays. In Massachusetts, renters would need to make $23.15 an hour to afford a one-bedroom, the report said. Hawai'i has the highest "housing wage" in the country, at $36.13 per hour, according to a new national report released today, or over $75,... [Full Article...]

Bitcoin’s price was artificially inflated a year ago, researchers say

Bitcoin’s price was artificially inflated a year ago, researchers say Their findings suggest that Bitfinex , an exchange which created and sold Tether , used their currency to snap up bitcoin and drive demand for it, bumping up prices. Industry players had questioned if Tether , a virtual " stablecoin " that aims to create a digital currency equivalent of the US dollar, and the cryptocurrency exchange Bitfinex played a part in Bitcoin's explosion in value in la... [Full Article...]

Boring Company to build Chicago high-speed airport link

Boring Company to build Chicago high-speed airport link If all goes as it should, Rivkin said, construction work could begin next year with actual service in operation around 2022. USA cities are looking for alternatives to overcrowded highways and impossibly expensive subways. The final destination will be at a new $8.5 billion global terminal Emmanuel has announced for O'Hare. More recently, the Boring Company started to focus on a custom-built... [Full Article...]

Uber driver boots lesbian couple for kissing in the backseat

Uber driver boots lesbian couple for kissing in the backseat Meanwhile, Iovine and Pichl say the incident has changed their perspective on being in a same-sex couple in New York City . And a same-sex IN couple said that a driver for Lyft, another popular ride-sharing service, also kicked them out for a "peck". [Full Article...]

Will the Singapore summit be the beginning of a new era?

Will the Singapore summit be the beginning of a new era? A man who defected from North Korea has a stark warning for U.S. President Donald Trump about trusting the regime. When relations between the US and the DPRK thawed slightly between 1990 and 2005, a repatriation agreement allowed 229 sets of remains to come home to American families. [Full Article...]

Fed hikes interest rates again, raises outlook for more increases in 2018

Fed hikes interest rates again, raises outlook for more increases in 2018 Officials now expect four rate rises this year , not three as the balance of policymakers has shifted since March. Inflation by the Fed's preferred gauge would hit its 2 percent target this year and edge up to 2.1 percent over the next two years. [Full Article...]

Fed raises key rate and sees possible acceleration in hikes

Fed raises key rate and sees possible acceleration in hikes Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. Policy makers said in a one-page statement that the labor market "has continued to strengthen" and than economic activity "has been rising at a solid rate". [Full Article...]

Oil prices drop as supplies increase

Oil prices drop as supplies increase It's the second time he's used social media to rail against the Organization of Petroleum Exporting Countries. The oil supply deal is set to continue through the end of 2018, but plans for its continuation were unclear for next year. A man fixes a sign with OPEC's logo next to its headquarters' entrance before a meeting of OPEC oil ministers in Vienna, Austria, November 29, 2017. [Full Article...]

North Korea: Trump Agreed to Lift Sanctions

North Korea: Trump Agreed to Lift Sanctions It is said that in accordance with the compliance of the Democratic People's Republic of Korea (the official name of North Korea DPRK) and development of the situation the UNSC will consider relief or lift the sanctions on DPRK. Wang said in a statement earlier that China welcomed and supported the summit between the U.S. and North Korean leaders and hoped the two countries could reach a basic c... [Full Article...]

German ministry says 774000 Mercedes cars contain unauthorized software

German ministry says 774000 Mercedes cars contain unauthorized software The company said it is co-operating with authorities. Mercedes-Benz is caught up in an emissions scandal of its own. "An immediate formal recall because of prohibited shutoff devices" is required for the Mercedes-Benz GLC and C-Class models, which join the already recalled Vito van . [Full Article...]

Amazon Offering Free 2-Hour Whole Foods Delivery To Boston Prime Members

Amazon Offering Free 2-Hour Whole Foods Delivery To Boston Prime Members The new service also further perpetuates business worries felt by other Philadelphia-area grocers, which have revved up delivery service options with online partners in the year since Amazon purchased Whole Foods. Echo devices sold near the checkout registers have been acting as a constant reminder of the new parent company, but there have also been clear benefits, mostly in the form of discount... [Full Article...]


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