Business

Apple CEO: $1 Trillion Value Not Most Important Measure Of Success

Apple CEO: $1 Trillion Value Not Most Important Measure Of Success When Amazon was a hot target of speculation, the most closely watched number other than company market value was potential changes in CEO Jeff Bezos' net worth , as it changed every previous time Amazon shares fluctuated. In a memo sent Thursday to Apple employees , CEO Tim Cook called the valuation a "significant milestone" but added that it wasn't the "most important measure" of the compa... [Full Article...]

Soaring temperatures across Europe as heatwave continues

Soaring temperatures across Europe as heatwave continues They were a 48-year-old man working on road works and a 78-year-old man who was working on his allotment, Cadena Ser said. The near-record high temperatures across Europe have been caused by an area of high pressure sitting off the shore of Portugal which has been drawing up hot air from the Sahara, say forecasters. [Full Article...]

Oil prices drop on oversupply concerns as OPEC output increased in July

Oil prices drop on oversupply concerns as OPEC output increased in July WTI traders continue to be vexed by USA oil supplies, which are swinging between expansion and contraction at irregular intervals. US crude inventories USOILC=ECI rose 3.8 million barrels last week as imports jumped, the government's Energy Information Administration said . [Full Article...]

China urges U.S. to return to reason

China urges U.S. to return to reason It's the same story for liquefied natural gas (LNG), with only one USA cargo booked for arrival in August, and it departed the Gulf of Mexico on July 1, before much of the current escalation in the trade dispute. China says the United States is trying to stop the rise of a competitor and it has imposed its own tariffs on US goods. Meanwhile, the Chinese economy is likely to feel a pinch, but tha... [Full Article...]

Turkey lira slumps to record lows over USA sanctions

Turkey lira slumps to record lows over USA sanctions Turkish Foreign Minister Mevlut Cavusoglu was quoted by media Friday as saying that Ankara was preparing to respond to Washington in equal measures. Cavusoglu, in comments to Turkish broadcasters, said he and Pompeo had also discussed potential joint steps the two countries could take regarding Syria's Idlib and Manbij. [Full Article...]

China warns of new tariffs on US goods

China's Finance Ministry unveiled the new tariffs on 5,207 goods imported from the United States in a statement on its website yesterday evening. The new China tariffs on the US will impact metals, chemicals, and agriculture-related items. [Full Article...]

Apple Becomes First Public Trillion Dollar Company; Beats Amazon, Microsoft, And Google

Apple Becomes First Public Trillion Dollar Company; Beats Amazon, Microsoft, And Google The Silicon Valley stalwart's stock has surged more than 50,000 percent since its 1980 initial public offering, dwarfing the S&P 500's approximately 2,000 percent increase during the same nearly four decades. Apple has seen sales of Mac computers grow despite overall shrinking in the market. It is now almost 10 times the value of each of India's two most valued companies, Tata Consultancy Serv... [Full Article...]

Apple Becomes World’s First Trillion-Dollar Company

Apple Becomes World’s First Trillion-Dollar Company Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a USA public company. Amazon is worth almost $900 billion while Google and Microsoft are each now worth more than $800 billion. Cook hasn't escaped criticism, however. " Apple is approaching the upper limits of what it can comfortably charge consumers for the iPhone", Neil Mawston, an analyst at Strat... [Full Article...]

Bank of England raises interest rates to 0.75%

Bank of England raises interest rates to 0.75% Here, we have selected eight to answer. But while announcing mortgage hikes institutions including Lloyds, Nationwide, RBS Barclays and HSBC, remained silent on whether the rate rise would be passed onto savers . Max asks: I live in the euro area with a pension from the UK. Bank of England Governor Mark Carney speaks during the central bank's quarterly inflation report press conference in... [Full Article...]

Tesla burns $739.5 million in cash on way to record 2Q loss

Tesla burns $739.5 million in cash on way to record 2Q loss That put it on track to retake the title of most valuable US automaker from General Motors Co (GM.N). In a statement released after the markets closed Wednesday, Tesla said it expects to produce 50,000 to 55,000 Model 3s in the third quarter, an increase of at least 75 percent from the first quarter . [Full Article...]

USA slaps sanctions on Turkish officials over detaining of American pastor

USA slaps sanctions on Turkish officials over detaining of American pastor While negotiations for his release were ongoing, President Donald Trump promised "large sanctions" in a tweet Wednesday. The two ministers will have any assets and properties under USA jurisdiction blocked and US persons will be prohibited from engaging in financial transactions with the ministers, CNN reported . [Full Article...]

Asia shares subdued for central bank, data test

German and French government bond yields dropped 3 to 4 basis points after the Bank of Japan move and the euro EUR=EBS hopped a fifth of a percent higher at $1.17230. The central bank has failed to break Japan's entrenched deflationary mindset despite years of heavy money printing, with stubbornly soft inflation sapping its ammunition and global trade woes clouding the outlook for an export-... [Full Article...]

Trader Joe's, Kroger wraps and salads may be affected by parasite

The affected items were produced between July 15 to 18, and have "Best By", or "Sell By" dates ranging from July 18 to 23. "39985 or P-39985". Officials say the products were also sold at Kroger and Walgreens stores. The infection can cause Cyclosporiasis. Last month, Chicago-based McDonald's temporarily stopped selling salads at 3,000 restaurants in 14 states, mostly in the Midwest, after a... [Full Article...]

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...]


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