Business

OnePlus Is Killing It In The Indian Premium Smartphone Market

The U.S.is the biggest smartphone market in terms of revenue generation, with Apple and Samsung having the biggest piece in it. Riding high on the vast popularity of its OnePlus devices over the years, the Chinese smartphone manufacturers have effectively captured over 40% of the premium segment of smartphones in India. [Full Article...]

Uber shuts down self-driving trucks, focuses on cars

Uber shuts down self-driving trucks, focuses on cars Uber's aspirations had included self-driving trucks, with the smartphone-summoned-ride service revving that effort with the purchase of startup Otto 2 years ago. "I know we're all super proud of what the Trucks team has accomplished, and we continue to see the incredible promise of self-driving technology applied to moving freight across the country". [Full Article...]

Apple quarterly profit leaps, nears $1 trillion value

Apple quarterly profit leaps, nears $1 trillion value Apple posted earnings per share of $2.34 compared to Thomson Reuters estimate of $2.18. Apple also forecast revenue above expectations for the fall, when it typically launches new iPhone models, reassuring a nervous tech sector that saw sell-offs last week in Facebook Inc, Twitter Inc and Netflix Inc on concerns about their future growth. [Full Article...]

Harley-Davidson announces Royal Enfield rival

Harley-Davidson announces Royal Enfield rival While BMW recently introduced a 310cc bike (its smallest globally) in a manufacturing partnership with TVS, Triumph - the British cult bikemaker - has joined hands with Bajaj Auto for smaller-displacement motorcycles. Already affected by the Trump administration's 25% tax on steel and aluminum exported from the European Union, the Wisconsin-based company announced in June it would move productio... [Full Article...]

McDonald's is launching its own currency because of course

McDonald's is launching its own currency because of course That coin is redeemable for a free Big Mac. In an Interview with USA TODAY , McDonald's CEO Steve Easterbrook explained Thursday was selected as the release date for the brass-colored coins because it would've been the 100th birthday of Jim Delligatti, a McDonald's franchisee in western Pennsylvania who invented the Big Mac. [Full Article...]

Tesla's latest product is a $1,500 surfboard, and it's already sold out

Tesla's latest product is a $1,500 surfboard, and it's already sold out And, if you happen to own one of Tesla's more road-friendly vehicles, the website states that " Model S, X and 3 can comfortably accommodate this surfboard on either the inside or outside of the vehicle ". Each surfboard is made to order, reinforced with lightweight "Black Dart" carbon fiber, which is a nod to Tesla auto interiors. This is rather expensive when you consider that the average su... [Full Article...]

Chinese factory rushing to make Trump's 2020 banners in fear of tariffs

Chinese factory rushing to make Trump's 2020 banners in fear of tariffs The negotiations at the White House came as Mr Trump has provoked a series of trade disputes with global trading partners, including China , whom he accused of employing "vicious" tactics aimed at hurting American farmers. Analysts expect the yuan to continue falling against the United States dollar, although its impact is likely to be limited and come at other costs. [Full Article...]

Bitcoin Drops Below $8000 Due to ETF Rejection

Bitcoin Drops Below $8000 Due to ETF Rejection Given the vast, global scale of the market, there's no way to guarantee investor protections against fraud and manipulation, the SEC claims. The SEC has also pointed out that more than 75% of the Bitcoin trading volume happens outside the US. [Full Article...]

After $120B Stock Tumble, Facebook Investors Claim Fraud

After $120B Stock Tumble, Facebook Investors Claim Fraud He claims the marketplace was "shocked" when the "truth began to emerge" from the social media giant. After a surprisingly weak growth forecast in this week's earnings report, Facebook's stock price dropped 19 percent today. But not to forget that his annual salary is $1 and also not to forget ever that he is among the top 20 billionaires with a net worth of $71 billion according to Forbes b... [Full Article...]

GOP lawmakers tell Trump aides of tariff concern

GOP lawmakers tell Trump aides of tariff concern Mr Juncker said the two sides agreed that as long as they were negotiating on trade, they would hold off on further tariffs, including potential USA tariffs on cars and auto parts. Mnuchin said there were no new developments on the dispute with China, which has been the target of most of Trump's trade policies. Germany's economy minister Peter Altmaier immediately hailed the news on Twitte... [Full Article...]

Amazon stock gets lift after profit surge

Amazon stock gets lift after profit surge The company said the category, including some other items, grew 132 per cent to $2.2 billion. Amazon , however, was the exception. Amazon did miss revenue expectations as the company brought in sales of $52.9 billion for its second quarter of fiscal 2018, below the $53.41 billion that analysts polled by Thomson Reuters forecasted. [Full Article...]

Putin praises Trump’s commitment to fulfilling campaign promises

Putin praises Trump’s commitment to fulfilling campaign promises The closed-door one-on-one meeting between Trump and Putin took place July 16 in Helsinki , Finland. However, efforts to achieve a detente have been fiercely resisted by the US lawmakers, including some in Trump's own Republican Party, who accuse him of being too friendly towards Putin. [Full Article...]

How major US stock indexes fared Thursday

How major US stock indexes fared Thursday The Dow Jones Industrial average pushed higher in the afternoon trading session, as optimism about trade discussions between the USA and the European Union encouraged the Big Board to take a positive direction. The 19 percent drop was the biggest decline for the company since it went public in 2012. Of the 148 S&P 500 companies that have reported earnings so far, 85.8 percent have topped estim... [Full Article...]

Victory Lap for Trump as He Boasts of 'Amazing' GDP Number

Victory Lap for Trump as He Boasts of 'Amazing' GDP Number TRUMP: "We're on track to hit the highest average annualized growth rate in over 13 years". "We're getting explosive growth in the second quarter because of trade", economist Ellen Zentner of Morgan Stanley tells the Times . This rate of growth, however, was less than what was forecasted by economists. The personal consumption expenditures price index, a key metric that the Federal Reserve... [Full Article...]

Facebook plans innovation hub in China despite tightening censorship

Facebook plans innovation hub in China despite tightening censorship Last year Facebook's messaging app WhatsApp was blocked in the run up to the country's twice-a-decade congress, and it has remained mostly unavailable since. Chinese social networking apps are now dominated by Tencent's WeChat, and QQ, each owning up to 1 billion users in China and overseas. Social networking giant Facebook is all set to open a research office in China. [Full Article...]

Twitter plunges as company moves to purge fake accounts

Twitter plunges as company moves to purge fake accounts The firm has been under pressure to suspend users for hate speech, abusive content and the spread of misinformation. According to Twitter , new tools to address "behaviors that distort and distract from the public conversation" introduced in Q2 have resulted in a 4% drop in abuse reports from search and 8% fewer abuse reports from conversations. [Full Article...]

Trump administration plans to help farmers hurt by global trade tensions

Trump administration plans to help farmers hurt by global trade tensions On the South Lawn, the president walked among a number of products manufactured across the nation, including a Lockheed Martin F 35 aircraft from Maryland, a Ford F-150 pickup truck from MI, a Newmar recreational vehicle from IN and a Ranger speedboat from Arkansas. [Full Article...]

European Union and United States kiss and make up on trade

European Union and United States kiss and make up on trade The U.S. and European Union will "hold off on other tariffs"' while negotiations proceed, as well as re-examine U.S. steel and aluminum tariffs and retaliatory duties imposed by the EU "in due course", Juncker said. agricultural products. Restrictions on the USA farmers' largest export market have caused sales and prices to drop, as China reached out to Brazil and Argentina to replace United S... [Full Article...]

Facebook loses $110 billion in value

Facebook loses $110 billion in value The stock, which plunged as much as 24% in after-hours trading Wednesday, had a cascading effect on competitors Snap and Twitter , which dropped , too. But the shedding is still notable because Facebook , until now, has only ever experienced growth in users quarter-to-quarter. "High expectations can be a remarkable burden, and the reaction is often brutal when they are missed, but the revenue... [Full Article...]

Met Office issues thunderstorms warning for the North East

Met Office issues thunderstorms warning for the North East The highest recorded temperature in 1976 was 35.6C (96.1F) on 28 June in Southampton. "Will we beat the United Kingdom record temperature of 38.5C (101.3F) recorded at Faversham in Kent on 3 August 2003?" Will Lang, chief meteorologist at the Met Office , said: "The heatwave conditions are coming to an end but it's another hot day in the east and south-east of England today with temperature... [Full Article...]


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