Money

Walmart removes 'Impeach Trump' apparel after boycott threats

Walmart removes 'Impeach Trump' apparel after boycott threats Walmart Inc.'s (WMT.N) website is selling t-shirts from third-party sellers with "IMPEACH 45" emblazoned across the front in big capital letters - a call to bring down the 45th USA president, Donald Trump . This isn't the first time Walmart has encountered backlash for selling political items. Last year, the retailer came under fire after a third-party seller offered t-shirts that suggested ... [Full Article...]

Asian markets tumble as China-US trade tensions rise

Using a state-by-state analysis, it argues Trump is risking a global trade war that will hit the wallets of US consumers. "The European Union is possibly as bad as China, just smaller", President Trump replied to Bartiromo. But Italy blocked their formal adoption until the migration issue was fully addressed. The EU had calculated that a 25% tariff would have an initial US$13-14 billion negati... [Full Article...]

European Union warns Donald Trump he risks $294bn trade tariff reprisals

Trump has singled out the Europeans as a problem as great to the USA on trade as China and laid out threats to fight the EU with a 20 percent duty on EU auto imports, a particular source of his scorn. But he lifted the exemptions the same week he met with Group of Seven leaders in Quebec last month. Retaliatory tariffs would cost billions and kill thousands of jobs. [Full Article...]

HTC to lay off nearly a quarter of its workforce

HTC to lay off nearly a quarter of its workforce HTC will be letting go of 1500 employees from its Taiwanese manufacturing division. A HTC "U11" smartphone is displayed in this illustration photo taken August 1, 2017. Excluding the one-time non-core business gains from the sale, HTC's core business still incurred first quarter operating losses of NT$5.2 billion. [Full Article...]

"No Waivers For India": US On Reducing Oil Imports From Iran

But the USA official, Brian Hook, also said that keeping prices stable in the absence of Iranian crude is also important. Jahangiri's remarks came a day after Trump said that Saudi Arabia's King Salman had agreed to his request to ramp up oil production. [Full Article...]

Amazon Prime Day 2018 to Offer Exclusive Launches and Discounts in India

Amazon Prime Day 2018 to Offer Exclusive Launches and Discounts in India The annual shopping event will be longer than years past, lasting 36 hours . He told The Business Times (BT) in an interview: "Singapore will enjoy a customised set of benefits, and curated set of deals across products ranging from toys and baby to home and kitchen to electronics". [Full Article...]

Dell Technologies to buy out VMWare tracking stock

Dell Technologies to buy out VMWare tracking stock Dell will use its proceeds of the dividend to fund the cash consideration for Class V stockholders. Founder and majority shareholder Michael Dell will hold on to his role as chairman and CEO, while Silver Lake will keep its minority stake. [Full Article...]

GM says US import tariffs could mean 'smaller' company, fewer jobs

GM says US import tariffs could mean 'smaller' company, fewer jobs A similar investigation took place before the Trump Administration imposed tariffs on imported steel and aluminum. Whereas Toyota went for the throat by saying Americans working for it are not a national security threat , Mazda steered clear of giving witty responses. [Full Article...]

Oil falls as Saudi, Russian output rises

The U.S. wants to reduce Iran's oil revenue to zero, the State Department director of policy planning said Monday. The Trump administration is claiming some early success in its quest to cripple Iran with sanctions in order to drag it back to negotiations and change its behavior, even as it softens its demand on US allies to reduce their Iranian oil imports to zero. [Full Article...]

LeBron James agrees four year, $154 million deal with LA Lakers

LeBron James agrees four year, $154 million deal with LA Lakers According to a report shared by The Score , the Cavaliers are looking to trade Love. In easily the most understated free-agent reveal James has made in his career, his agency, Klutch Sports Group, quickly made the deal official on Twitter . [Full Article...]

Trump says Saudi Arabia has agreed to increase oil production

Trump says Saudi Arabia has agreed to increase oil production It was not immediately clear what total level of Saudi production Trump was expecting or by when. Oil was the star commodity over 2017-18, and now, despite the move by OPEC to ease its production cap (with Russian Federation and other producers), some analysts are wondering when $US100 a barrel will be regained for the first time since 2014. [Full Article...]

European Union warns Trump that raised vehicle import tariffs would hurt US

If the United States government imposes a higher tariff rate, the European Union said it would respond - as it did to the recent hike in import costs for steel and aluminium - with its own measures. Similarly, Hyundai provided a similar forecast of how the tariffs will hurt the auto industry, saying that they will be "devastating". In recent months, Trump has sparked a global-trade conflict by... [Full Article...]

U.S. will 'absolutely' sanction European companies that do business with Iran

Iran , however, says that they intend to try to circumvent the U.S. ban with new rules to make it easier to export oil. "We want to defeat America's efforts ... Trump was referring to OPEC's decision to raise output together with its non-OPEC allies by around 1 million barrels per day, although since then Saudi Arabia has pledged to raise production to a new record. [Full Article...]

Tesla "just became a real auto company" after reaching a critical milestone

Tesla For the first time, Model 3 production (28,578) exceeded combined Model S and X production (24,761), and we produced nearly three times the amount of Model 3s than we did in Q1. Intense in tents. Transporting entire production lines across the world in massive cargo planes. Tesla said in May that its net Model 3 reservations - accounting for new orders and cancellations - exceeded 450,000 at the... [Full Article...]

Overboard Missing Cruise Employee Found 21 Miles North Of Cuba

Overboard Missing Cruise Employee Found 21 Miles North Of Cuba A man who went overboard on the cruise ship Norwegian Getaway was rescued almost 24 hours later by another cruise ship. A missing crewmember from the Norwegian Getaway cruise ship has been found. "Kudos to the Carnival Glory team". "The Carnival Glory had found someone in the water waving their arms and they rescued him and he was the missing Norwegian crewmember and that was roughly abo... [Full Article...]

Amazon creates an independent parcel delivery network

Amazon creates an independent parcel delivery network At a press conference in Seattle, Amazon unveiled one of the dark gray trucks with the Prime logo that businesses would hire to deliver parcels to the consumer, even saying how attractive conditions would be for businessmen to join plan. Amazon-branded vans will be available to lease and Amazon-branded uniforms can be bought for drivers. The post office's revenue from shipping and package serv... [Full Article...]

Trump asks Saudi Arabia to increase oil production

Trump asks Saudi Arabia to increase oil production The overt pressure brought by Trump on Saudi Arabia is unusual, but the kingdom has been actively urging the president to withdraw from the global agreement that placed restrictions on Iran's nuclear program. 4. USA officials are pressing allies in Europe, Asia and the Middle East to adhere to the sanctions, which are aimed at pressuring Iran to negotiate a follow-up agreement to halt its nucl... [Full Article...]

Millions of US Adidas customers being alerted of data breach

Millions of US Adidas customers being alerted of data breach Adidas's preliminary investigation shows that contact information, usernames and encrypted passwords might have been exposed. According to a company statement , Adidas is referring to the situation as a "potential data security incident". [Full Article...]

Florida Class Action Claims Exactis Breach Affects 230 Million Americans

Florida Class Action Claims Exactis Breach Affects 230 Million Americans Though some information is outdated, Wired claims the database contains details on "more than 400 variables on a vast range of specific characteristics: whether the person smokes, their religion, whether they have dogs or cats, and interests as varied as scuba diving and plus-size apparel". [Full Article...]

Trump says Saudi king agrees to ramp up oil production

Trump says Saudi king agrees to ramp up oil production If so, such a boost would be significant for the country's oil production, which hit 10.03 million barrels per day (bpd) in May. Iranian exports have been running around 2.4 million barrels a day, according to the International Energy Agency. [Full Article...]


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