Business

U.S. and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says

U.S. and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says Farm products have borne the brunt of tariffs imposed by trading partners angered by U.S. trade actions, and Agriculture Secretary Sonny Perdue said the aid program will provide relief. The agriculture sector was already suffering before the president's tariffs. U.S. Treasury prices also eased and the 10-year note's yield US10YT=RR ended the day at a one-month high near 2.98 percent. [Full Article...]

Did Anyone Win Tonight’s Mega Millions for July 20, 2018?

Did Anyone Win Tonight’s Mega Millions for July 20, 2018? This comes after a brisk $11 million boost across all 46 lottery jurisdictions. It is also the third jackpot of at least $400 million this year. Statistically, you have a one in 259 million chance of winning the Mega Millions jackpot. [Full Article...]

Trump administration announces US$12 billion aid plan for American farmers

Trump administration announces US$12 billion aid plan for American farmers He added, "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again". Following the government's announcement, Tuesday, of a $12 billion plan to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other trading partners, Nebraska's senators shared their thoughts on the plan. [Full Article...]

Excitement grows over $522 million Mega Millions jackpot

Excitement grows over $522 million Mega Millions jackpot It would be the largest Mega Millions prize won in the state if the victor is from MI. Tickets can be purchased at any New York Lottery retailer for $2, seven days a week. This is the seventh time the jackpot has exceeded $400 million. Workers at Country Gas and Convenience near Tannersville say they have been busy selling lots of Mega Millions tickets and the reason is that they are known to ... [Full Article...]

China trade surplus with U.S. hits historic high & timing couldn't be worse

China trade surplus with U.S. hits historic high & timing couldn't be worse The offshore yuan CNH=D3 fell almost 0.6 percent to a low of 6.8448 per dollar, its weakest since June 2017. Hedge funds and money managers switched to a net short position in COMEX gold contracts for the first time since 2016 in the week to July 17, US Commodity Futures Trading Commission data showed on Friday. [Full Article...]

Alphabet Earnings: Beats Estimates, Shares Rise 4%

Alphabet Earnings: Beats Estimates, Shares Rise 4% The tech titan's advertising business continues to be its bread and butter, with global ad sales topping out at $28 billion, up almost 25 percent year-over-year. Adjusted earnings per share were $10.58, excluding the fine and the effects of other investments. Alphabet has been aggressively looking to expand in several other avenues, right from cloud computing to computers to the voice assistant... [Full Article...]

Alphabet lifted by better-than-expected earnings

Alphabet lifted by better-than-expected earnings Wall Street analysts surveyed by Bloomberg are expecting the search giant to earn an adjusted $11.68 a share on revenue of $25.55 billion. While that's nearly three times the S&P 500 Index's gain, it trails Netflix, Amazon .com Inc. Alphabet is appealing the decision, which drove a 36% increase in costs in the quarter. Areas such as cloud computing and "other bets" have also added to Google's... [Full Article...]

Tesla reportedly asks for money back on payments to suppliers

Tesla reportedly asks for money back on payments to suppliers The newspaper cited a memo sent to a supplier the previous week. The electric automaker stressed that the request was essential to help it become profitable during a period of expensive production commitments. While Musk has said the company does not need to raise cash this year, several analysts have predicted that the electric vehicle maker would need to raise capital soon. [Full Article...]

Trump Ready to Slam Tariffs on All China Imports

Trump Ready to Slam Tariffs on All China Imports The rate rises, which make borrowing more expensive, are meant to head off uncontrolled price rises as the United States economy expands. The economy has continued to grow since Trump took office, with unemployment rates down, growth rising and the stock market up. [Full Article...]

US, North Korea to meet on Sunday over war remains

US, North Korea to meet on Sunday over war remains The Americans planned to send transit cases via truck to the DMZ, where they would be given to the North Koreans to use for the remains. The remains of several hundred U.S. After Pompeo's visit, North Korea accused his delegation of making "gangster-like" demands in connection with denuclearization. It marks a shift in tone from Mr Trump who previously said nuclear disarmament would start " ... [Full Article...]

GST Council has done well, can do more

GST Council has done well, can do more The GST Council on Saturday approved the new return formats and associated changes in law - a move that will simplify the tax filing process. Unlike cement, sanitary napkins , which have been exempt from GST, are not intermediate products. [Full Article...]

Ritz recall: Certain snacks recalled due to salmonella concerns

Ritz recall: Certain snacks recalled due to salmonella concerns The Canadian Food Inspection Agency is recalling "Ritz bits" sandwich crackers and No Name chicken nuggets for risk of salmonella contamination. If you think you became sick from consuming a recalled product, call your doctor. Healthy people may experience short-term symptoms such as fever, headache, vomiting, nausea, abdominal cramps and diarrhea. Salmonella can cause serious and sometimes ... [Full Article...]

May presses on with her Brexit plan

May presses on with her Brexit plan These are the Labour rebels who helped avert the defeat. He added that the political system in the country was "being torn apart" by Brexit and a second referendum may be needed if MPs could not reach a consensus on the issue. Former education secretary Nicky Morgan said the arrangement would "safeguard business and jobs". David Davis, who resigned last week as Brexit Secretary in protest ... [Full Article...]

Microsoft breaks $100bn in revenue

Microsoft breaks $100bn in revenue In the company's financial report for the fourth quarter of its 2018 financial year, Microsoft boasted of a 14 percent boost to revenue year-on-year taking it over $100 billion to $110.4 billion for the first time in the company's history. [Full Article...]

Amazon faces web issues around the world on Prime Day

Amazon faces web issues around the world on Prime Day Amazon sold more than 100 million items and had more sign-ups for its Prime membership on Prime Day 2018 than any previous day in the company's history, despite widespread website outages. The technical glitch did not seem to deter sales , however, and none of the sellers Inc . spoke to experienced any significant decline. It's not all about music-making though with endless deals on eve... [Full Article...]

Google hit with record-breaking $5 billion fine in Android antitrust case

Google hit with record-breaking $5 billion fine in Android antitrust case Android is supposedly an open-source operating system that others can modify into a less Google-centric product, but Google's tactics shut down that competitive potential-notably, Amazon ( amzn ) wasn't able to get any manufacturers to make devices using its Android-derived Fire OS mobile operating system. [Full Article...]

Tesla slides after an eventful weekend for Elon Musk (TSLA)

Tesla slides after an eventful weekend for Elon Musk (TSLA) When asked if we was going to take legal action against the mogul, Unsworth said , "Yes, yes, it's not finished". The British cave diver publicly called a "pedo" by tech billionaire Elon Musk is considering taking legal action against the Tesla CEO. [Full Article...]

Netflix shares tumble as subscriber growth misses mark

Netflix shares tumble as subscriber growth misses mark Analysts were expecting 6.3 million - 1.2 million in the United States and 5.1 million internationally, according to Bloomberg . In after-hours trading Monday, Netflix's shares were down $53.87 a share, or more than 13%, to $346.61. While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the numbers did raise question marks over future growth. [Full Article...]

Netflix Shares Fall After Streaming Service Reports Lower Than Expected Subscriber Numbers

Over the previous eight quarters, the company has on average topped its total net subscriber addition guidance by about 1 million, with three-quarters of that coming from worldwide markets, according to Wedbush Securities analyst Michael Pachter. [Full Article...]

Amazon Prime Day Offers Include Oculus Rift and PlayStation VR Discounts

Amazon Prime Day Offers Include Oculus Rift and PlayStation VR Discounts Amazon reaps tremendous benefits when sellers seed its site with discounted items during Prime Day . The company faced ridicule three years ago for offering bargains that no one was interested in, such as, most notoriously, a tub of lube, according to reports. [Full Article...]


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