Business

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates Trump told Reuters that he was " not thrilled " by Powell's decision to raise interest rates and would continue to criticise the Fed if interest rate hikes continued. The U.S. unemployment rate is now 3.9 percent, well below what the Fed deems full employment, and bank officials have gradually increased their rate hike forecasts through 2018. [Full Article...]

Lanny Davis: Michael Cohen Testified Donald Trump Directed Him To Commit Crime

Lanny Davis: Michael Cohen Testified Donald Trump Directed Him To Commit Crime A jury found Manafort guilty of eight counts with a judge declaring a mistrial on 10 other charges. Earlier they asked Ellis what would happen if they can't reach a verdict on a count, and Ellis said to keep working on it. Meanwhile, Davis contends that Cohen also knew of election tampering efforts during the 2016 campaign, something he says would be "of interest to the special counsel". [Full Article...]

Defiant Erdogan casts Turkey currency crisis in religious, patriotic terms

Defiant Erdogan casts Turkey currency crisis in religious, patriotic terms The Turkish lira has already lost about 30 percent of its value against the United States dollar since the beginning of August, when tensions between the two North Atlantic Treaty Organisation allies soared unprecedentedly over the detention of Andrew Brunson, an American Christen pastor, in Turkey over terror-related charges. [Full Article...]

Iran oil minister: French oil giant Total pulls out if Iran

Iran oil minister: French oil giant Total pulls out if Iran China also faces challenges supplying equipment such as large-scale compressors needed for developing the giant gas project, as leading manufacturers could be barred from supplying to Iran under US sanctions. President Hassan Rouhani responds on July 3, saying the United States can never prevent Iran from exporting its oil. Iran exports gas to neighbouring Turkey and Iraq, and pipelines to Pakis... [Full Article...]

Trump's rant on interest rate rises depresses dollar

Trump's rant on interest rate rises depresses dollar But during this period of time I should be given some help by the Fed . Tim Scott last week, said he had not spoken to President Trump about interest rates and would remain independent from political interference, the Republican senator said. [Full Article...]

Britain wants the European Union to replicate the US's sanctions on Russian Federation

Britain wants the European Union to replicate the US's sanctions on Russian Federation During his visit to Washington this week, Mr. Hunt is expected to meet with Secretary of State Mike Pompeo and other senior US officials to discuss a long list of foreign policy concerns. Meanwhile on Tuesday Britain's new foreign minister was on his first visit to Washington, partly to press for more sanctions against Russian Federation over the Salisbury attack. [Full Article...]

Tesla stocks drop 6 percent after emotional Musk interview

Tesla stocks drop 6 percent after emotional Musk interview Martin Tripp, the original whistleblower tweeted and subsequently deleted a cache of pictures that he said back up his claims that Tesla installed defective batteries in some Model 3s. The billionaire apologised after coming under scrutiny for calling one of the divers involved in rescuing a Thai soccer team from a flooded cave, a " pedo ". [Full Article...]

President Trump Is Interested in a Major Shakeup for Corporate Earnings Reports

President Trump Is Interested in a Major Shakeup for Corporate Earnings Reports Since the Securities Exchange Act of 1934, public companies in the United States report their earnings each quarter. Tesla chief executive Elon Musk also cited the issue when explaining why he has launched a surprise effort to take the $50 billion auto company private. [Full Article...]

Drone video shows firefighters securing part of collapsed bridge in Italy

Drone video shows firefighters securing part of collapsed bridge in Italy ANSA said the bodies were found inside a auto smashed under a huge block of concrete from the collapse on Tuesday. Local media reported that the bodies of three family members, including a nine-year-old girl, had also been found inside a auto under debris. [Full Article...]

Bitcoin Drops Below $6,000 As Other Cryptocurrencies Declined in Value

Bitcoin Drops Below $6,000 As Other Cryptocurrencies Declined in Value It was trading at $370 a week ago but is now down to $288 per coin. The cryptocurrency market has been under pressure since late June when the SEC delayed a decision on whether to approve a Bitcoin ETF , Business Insider reports . TRON (TRX) traded 4% lower against the dollar and now trades at $0.0194 or 0.00000307 BTC . Bitcoin Scrypt is a proof-of-work (PoW) coin that uses the Scryp... [Full Article...]

New study finds glyphosate in kids' cereals and snack bars

New study finds glyphosate in kids' cereals and snack bars This has been corrected. Familiar breakfast foods and snacks contain potentially risky amounts of a weed-killing chemical, according to a new study. "We're saying a pesticide like this which has the ability to increase the risk of cancer has no place in food an particularly not foods that are marketed to children", said Walker. [Full Article...]

Google employees speak up against 'censored search engine for China'

Google employees speak up against 'censored search engine for China' According to online news site The Intercept , more than 1,000 employees of Google have signed a letter demanding that the company come clean about an alleged secretive search engine it is building for use in China. This isn't the first time Google's been in hot water with its employees; back in April, thousands of staff rallied against a programme which developed AI for USA military drones. [Full Article...]

Trump warns Turkey after court rejects freedom for U.S. pastor

Trump warns Turkey after court rejects freedom for U.S. pastor Escalating tensions on trade between the United States and some of its largest trading partners had driven traders to sell emerging market currencies and take to the safety of the USA currency. Turkey retaliated with 533 million dollars (£419 million) of tariffs on some United States imports - including cars, tobacco and alcoholic drinks - and said it would boycott U.S. [Full Article...]

Markets Right Now: Stocks end lower on Wall Street

Markets Right Now: Stocks end lower on Wall Street DJI rose 112.22 points, or 0.45 percent, to 25,299.92, the S&P 500 . SPX gained 18.03 points, or 0.64 percent, to 2,839.96 and the Nasdaq Composite . "The market definitely wants to go higher but we're having some curves thrown at us along the way that have caused a few day-to-day pull-backs". In the corporate sector, VF Corp. [Full Article...]

Elon Musk breaks down in tears during interview outlining 'excruciating year'

Elon Musk breaks down in tears during interview outlining 'excruciating year' Musk has also lashed out at both the media and analysts from large Wall Street banks in recent months, calling questions from analysts " boring, bonehead questions " and suggesting he would start a website to rank the credibility of individual journalists, after Tesla received negative press coverage. [Full Article...]

Trump defends tariffs, says USA 'was built' on taxing imports

Trump defends tariffs, says USA 'was built' on taxing imports China said it complained about raising US tariffs on solar panels to the World Trade Organization (WTO) in Geneva, adding to the escalating conflicts with US President Donald Trump on trade and technology. China filed a complaint with the WTO to help determine the legality of the US policies, saying they not only harm China's rights but also undermine the WTO's authority, according to Reuters. [Full Article...]

United States says ready with more sanctions if Turkey does not free pastor

United States says ready with more sanctions if Turkey does not free pastor The court ruling comes amid a diplomatic spat between Turkey and the U.S. that has seen tariffs from both sides pile up and an exchange of threats of further sanctions. Erdogan has rejected Washington's demands to release him, while announcing new tariffs on US imports. He also played down U.S. tariffs on imports of Turkish metals. [Full Article...]

White House says Turkey must release American pastor to cool tensions

White House says Turkey must release American pastor to cool tensions However, the Turkish lira has staged a recovery as Turkey hit back with its own tariffs and made it more hard for investors to short the currency. "The tariffs are specific to national security", she said. "You should know that to keep this nation standing is ... also the manufacturers" duty". There is a fear the resulting financial meltdown could spread to other markets. [Full Article...]

China to send delegation for U.S. talks to avert trade war

China to send delegation for U.S. talks to avert trade war The announcement by the Chinese commerce ministry of the planned meeting in late August comes after a lull in talks between the two sides. However, financial observers expressed skepticism that any tangible agreement will come from the meeting, citing that the U.S. [Full Article...]

Turks film themselves smashing iPhones amid US-Turkey trade war

Turks film themselves smashing iPhones amid US-Turkey trade war The Turkish lira has lost more than 45 percent of its value since 2017. The White House said Wednesday that Turkey's tariff hikes on USA products in retaliation for United States sanctions on Ankara were "regrettable" and again called for the immediate release of American pastor Andrew Brunson. [Full Article...]


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