Money

China Threatens New Tariffs On $60 Billion Worth Of US Goods

China Threatens New Tariffs On $60 Billion Worth Of US Goods In July, Washington fired the first salvo in the escalating trade war with Beijing by introducing 25 percent tariffs on Chinese imports worth $34 billion. The public comment period on the US tariffs aimed at $US200 billion ends on August 30 after public hearings August 20-23, according to the US Trade Representative's office. [Full Article...]

Apple CEO calls $1 trillion value a 'milestone' but not a focus

Apple CEO calls $1 trillion value a 'milestone' but not a focus Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a USA public company. The value of the company's stock has reached an all time new high of $208.38. Apple reached one trillion dollars 42 years after it was founded. And just for good measure, Apple repurchased $20 billion in stock during the quarter - $10 billion under its new $100 billion buyback progra... [Full Article...]

China-US trade negotiations hamstrung by mutual ‘deep mistrust’

The Trump administration released a preliminary list of goods that could be subject to this wave of tariffs. The two sides held three rounds of formal talks, beginning with a delegation to Beijing led by Mnuchin in May. "US pressure and blackmail won't have an effect". A fall in exchange rates could neutralise the United States tariffs by making Chinese goods cheaper for overseas customers to... [Full Article...]

Apple’s Market Cap Hits $1 Trillion

Apple’s Market Cap Hits $1 Trillion Revenue increased 17 percent to $53.3 billion. After launching the iPhone - arguably its most famous product - in 2007, Apple now churns out over 40 million of the devices every quarter , helping it rake in $254.63 billion in revenue a year ago. [Full Article...]

Loans to get costlier as RBI hikes repo rate again

Loans to get costlier as RBI hikes repo rate again Markets are already expecting a rise, and from here on in, further hikes are going to be few and far between because United Kingdom economic growth is so fragile. Experts say those with a £200,000 mortgage will see a hike of about £25 a month - or £300 a year. It also expected Britain's economy would grow by 1.4 percent this year, unchanged from its forecast in May, but it nudged up its 2019 for... [Full Article...]

Oil prices rise on tighter supply outlook

Oil prices rise on tighter supply outlook Trump said at a press conference he would be willing to meet Iranian President Hassan Rouhani about a week after he warned of unspecified "consequences" if the Persian Gulf nation continues threatening the U.S. "We expect prices will largely remain range-bound in the second half of 2018 and 2019". After yet another surprise report-this time of an inventory build-from the American Petroleum... [Full Article...]

How the Bank of England’s interest rate rise affects you

How the Bank of England’s interest rate rise affects you The pound nudged higher after the decision , trading broadly flat against the dollar at $1.3111. This initial reaction appears to be correct, but the subsequent selling pressure will certainly have burnt some hands. But Wraith is one of a handful of analysts who sees the bank's likely hike as premature. Brexit the bigger driver for GBP in the near-term. However, with peak of CPI inflation now b... [Full Article...]

Chipotle illness outbreak: number of sick patrons grows to 360

Chipotle illness outbreak: number of sick patrons grows to 360 However, by Tuesday morning, the number of reports to the site grew to 105, citing 170 people sick, according to Patrick Quade, the founder of iwaspoisoned.com, Business Insider reported. It was trading down close to 2 percent in pre-market movement Tuesday and slipped as much as 9 percent during the day. An investigation was carried out after several people reported illness after eating at a ... [Full Article...]

Wisconsin tax free holiday, Aug

Wisconsin tax free holiday, Aug Many items have been selling out, but Target Executive Team Leader Era Parrish says school supplies in particular has had the most sales. The tax holiday will last until 11:59 p.m. However, if the customer returns the item after the "sales tax holiday " and receives credit on the purchase of a different item, the sales or use tax will apply to the sale of the newly purchased item. [Full Article...]

Apple hits the $1T milestone

Apple hits the $1T milestone That price translates to a $1 trillion market cap based on the current estimated number of outstanding shares. Started in the garage of co-founder Steve Jobs in 1976, Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries. [Full Article...]

Trump threatens higher tariffs on Chinese imports

In response to earlier reports that the U.S. was considering the move, Chinese foreign ministry spokesman Geng Shuang warned Wednesday that "blackmail and pressure from the U.S. The comment period was set to take place later this month, but will now be extended into September, officials said. "The current unilateral threats and pressure from the United States will only backfire", he said. [Full Article...]

Google developing censor-friendly search engine for China

Wang told HKFP: " Google has also not explained how it plans to protect users from surveillance given China's Cybersecurity Law passed in 2016, which requires companies to restrict online anonymity..." "Google risks abetting Chinese government abuses with a censored version of a search engine in China", Maya Wang, China researcher at NGO Human Rights Watch ( HRW ), told HKFP. [Full Article...]

Eight experts debate the future of Tesla ahead of earnings

Eight experts debate the future of Tesla ahead of earnings Tesla chief executive, Elon Musk , has announced the Tesla Model 3 , Model S and Model X will soon receive an over-the-air update that will add a "Party & Camper mode" to their infotainment repertoire. The company's cash reserves have dropped to $2.2 billion, down from $3.3 billion at the end of a year ago. His first question came from Bernstein's A.M. [Full Article...]

Equities rebound on U.S.-Sino talks report, dollar jumps

Equities rebound on U.S.-Sino talks report, dollar jumps A gauge of global equity markets fell on Monday, pulled down by a sell-off in USA technology heavyweights, while the dollar slipped against the euro ahead of several central bank monetary policy meetings later this week. Expectations for the upcoming Bank of Japan meeting also pressured yields, analysts said, along with German and Spanish inflation data that remained slightly above the ECB's p... [Full Article...]

Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment

Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment That changed Wednesday when the Trump Administration followed through on its threat to impose sanctions on Turkey for taking an American hostage. Turkey vowed retaliation "without delay", warning it would harm relations between the two allies. [Full Article...]

Parasite found in wraps and salads sold at Trader Joe's and Walgreens

The USDA did not respond to a request for comment. The items in question at those outposts include Trader Joe's Tarragon Chicken Salad Wrap, Trader Giotto's Caesar Salad with Chicken, and Trader Ming's Chinese Inspired Salad with Chicken. [Full Article...]

Samsung Electronics misses forecast on lower phone sales

Samsung Galaxy Note 9 will be launched officially on August 9 in NY, a few days ahead of IFA 2018. Samsung's display business continues to suffer from weak demand for the company's flexible OLED screens, perhaps in part because of the aforementioned soft demand for its own Galaxy S9 smartphones. [Full Article...]

United Kingdom voters back Brexit deal referendum as May's ratings plunge: polls

United Kingdom voters back Brexit deal referendum as May's ratings plunge: polls The rest did not know. A separate poll today said support for a second referendum has hit the lead for the first time amid the fall out from Mrs May's controversial Chequers blueprint for Brexit. May has repeatedly said Brexit will happen and has ruled out a rerun of the 2016 referendum, although French President Emmanuel Macron and billionaire investor George Soros have suggested that Britain... [Full Article...]

RBI increases repo rate by 25 bps to 6.50%

Consequently, the reverse repo rate under the LAF stands adjusted to 6.25 per cent and marginal standing facility rate and Bank Rate to 6.75 per cent. The monetary policy committee "could afford to do a "wait and watch" at this juncture and consider more data points before a rate action", said Lakshmi Iyer, Kotak Mutual Fund's chief investment officer debt. [Full Article...]

Apple earnings beat expectations as it sells pricer iPhones

Apple earnings beat expectations as it sells pricer iPhones Amid the flurry of tech stocks plummeting as companies like Facebook , Twitter , and Netflix miss earnings expectations, Apple is staying strong, beating earnings expectations and possibly hinting at new fall product releases. Apart from consumer behavior, there is also concern that Apple's extensive overseas manufacturing operation may suffer from trade disputes between the US and China ... [Full Article...]


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