Business

USA adds a solid 164,000 jobs; unemployment rate stays 3.7%

USA adds a solid 164,000 jobs; unemployment rate stays 3.7% He also emphasized that the USA economy remains relatively strong but global growth is weakening faster than expected amid rising trade tensions. "There has been some slowing , and yesterday's tariff announcement suggests more trade-related weakening in the months ahead", said Jim O'Sullivan, chief US economist at High Frequency Economics in White Plains, New York. [Full Article...]

Oil climbs as Iran tensions linger while United States crude stockpiles decline

Oil climbs as Iran tensions linger while United States crude stockpiles decline Oil prices rose for a fifth day on Wednesday following a larger-than-expected drop in USA inventories and after the Federal Reserve cut US interest rates for the first time in more than a decade. "The renewed large draw in crude oil is remarkable as USA oil production bounced back significantly after (Hurricane Barry)", said Carsten Fritsch, oil analyst at Commerzbank. [Full Article...]

Oil prices contained amid concerns over week demand

Oil prices contained amid concerns over week demand Backwardation in Brent LCOc1-LCOc2, a market structure in which later-dated contracts trade at lower levels than near-term contracts, has to a large extent evaporated, signaling a well-supplied market despite OPEC-led output cuts and USA sanctions on oil producers Iran and Venezuela. [Full Article...]

President Trump Threatens New 10% Tariff on Products From China Starting September

President Trump Threatens New 10% Tariff on Products From China Starting September Trump later said if trade negotiations fail to progress he could raise tariffs further - even beyond the 25 percent levy he has already imposed on $250bn of imports from China. "Trump is taking a harder line", he said. Such strategies include accepting lower profit margins; cutting costs - including wages and jobs for USA workers; deferring any potential wage hikes, in addition to passing o... [Full Article...]

Apple suspends listening to Siri queries amid privacy outcry

Apple suspends listening to Siri queries amid privacy outcry Its terms and conditions do state that recordings are taken to improve Siri, but not that they're sent to humans for review. Apple will also not stop recording or storing the voice interactions that its millions of users have with the digital assistant. [Full Article...]

Here's the beef: Trump will formally announce trade pact with European countries

Here's the beef: Trump will formally announce trade pact with European countries The European Commission announced in June that it had reached an agreement with the U.S.to allow more hormone-free US beef onto the European market. "The agreement shows us that as partners we can solve problems", he said . "The European Union stepped up and we appreciate it", Trump said at a press conference, flanked by a contingent of EU and USA officials as well as farmers and ranchers wea... [Full Article...]

Trump Extends Tariffs to Remaining $300 Billion of Chinese Goods

Trump Extends Tariffs to Remaining $300 Billion of Chinese Goods But Trump said Thursday that China failed to fulfill a handshake agreement with Xi to buy more US agricultural products. The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110 billion in USA goods. [Full Article...]

Apple sets record quarterly revenue of $53.8B in Q3 results report

Apple sets record quarterly revenue of $53.8B in Q3 results report According to Counterpoint, despite the global decline, iPhone sales trends are improving. Promotional offers and aggressive marketing has helped Apple to drive revenues in India, he added. Although the company's iconic handsets are still in demand, sales declined by an astonishing $741 million in the most recent quarter compared to the same period previous year. [Full Article...]

South Korean man set himself ablaze to protest Japan

It will also allow Japanese authorities to restrict any export to South Korea when they believe there are security concerns. "No particular North Korean military movement is seen across the border", it continued. South Korea says the Japanese trade curbs could hurt its export-dependent economy and has accused Japan of weaponizing trade to retaliate against South Korean court rulings calling ... [Full Article...]

Very hot Impossible burger finally arrives at Burger King in Dallas

Very hot Impossible burger finally arrives at Burger King in Dallas Thus far, the burger giant has been selling the Impossible Whopper in only a few select stores across the US-a test run, if you will. The Impossible Whopper which become available at Burger King locations nationwide on August 8, 2019. [Full Article...]

Trump threatens 10% tariffs on China; stocks plummet on news

Trump threatens 10% tariffs on China; stocks plummet on news In announcing the new tariffs, Trump said China had pledged to increase purchases of U.S. agricultural products, but did not, and also alleged Beijing reneged on a promise to stop the sale of Fentanyl to the US. The president's tweets followed a briefing by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on their talks in Shanghai, their first face-to-face meeting wi... [Full Article...]

Equifax users getting 'nowhere near' $125 promised after hack, FTC says

Equifax users getting 'nowhere near' $125 promised after hack, FTC says In return for leaking highly sensitive personal data on about 147 million consumers, about 45% of the entire U.S. population, the company will pay at least $575 million. Or if someone already has credit monitoring services in place, they could opt for the cash payment. A spokesperson for New York Attorney General Letitia James's office agreed with the FTC about the pluses of credit monitoring,... [Full Article...]

Drug industry warns importing meds risky

Drug industry warns importing meds risky HHS Secretary Alex Azar claimed the plan was a pathway to ending "foreign freeloading". The drug industry lobby says the Trump administration's plan to let Americans import cheaper prescription drugs from Canada is "far too unsafe". "There is no way to guarantee the safety of drugs that come into the country from outside the United States' gold-standard supply chain". Current FDA regulat... [Full Article...]

Tesla Megapack battery could power San Francisco for 6 hours

Tesla Megapack battery could power San Francisco for 6 hours Tesla, the forerunner in creating innovative devices, has come up with a new product called Megapack, a utility-scale energy storage product. In 2015, Tesla released a product called Powerpack , which is essentially an industrial version of Powerwall meant to be "infinitely scalable". [Full Article...]

Johnson to apply additional pressure to negotiate a "better Brexit deal"

Johnson to apply additional pressure to negotiate a Today's visit to Northern Ireland is Boris Johnson's first as Prime Minister and follows trips to Scotland, Wales and cities across England. This time it's Johnson worrying investors, with his tough stance on the Brexit deal leading market participants to up the chance of no deal. [Full Article...]

Fed is poised to cut rates for first time in a decade

Fed is poised to cut rates for first time in a decade Stocks fell slightly after the Fed issued its statement at 2 p.m. Kohn and former Fed governors Frederic Mishkin and Sarah Bloom Raskin urged Fed Chair Jerome H. It would help lower rates on consumer and business loans, which would encourage borrowing and possibly energize the economy. On balance, the central bank was not as dovish as the market had anticipated and this bias was reinforced by Fe... [Full Article...]

Arrest after details of 100m U.S. individuals stolen

Arrest after details of 100m U.S. individuals stolen However, no actual credit card numbers or bank account information was taken, Capital One said . Capital One expects this hack will cost the company "approximately $100 to $150 million in 2019". "The intrusion occurred through a misconfigured web application firewall that enabled access to the data", a statement by the USA attorney's office in the northwest state of Washington said. [Full Article...]

Capital One announces data breach; about 100 million people affected

Capital One announces data breach; about 100 million people affected If Capital One does end up settling with consumers, Bartholomew said, it would probably be for less money because the claims likely wouldn't be as egregious. Amazon said its cloud unit that stored the data was not compromised in any way. The criminal complaint states that Thompson exploited a "misconfigured web application firewall", allowing her to gain credentials for an administrator ac... [Full Article...]

All three 2020 iPhones to offer support for 5G connectivity

All three 2020 iPhones to offer support for 5G connectivity The accelerated 5G plan has been enabled by Apple's recent acquisition of Intel's modem business for $1bn , which brought around 2,200 Intel engineers and 17,000 patents to the iPhone maker. It's as yet unclear whether Apple will look into producing 5G iPhones supporting just the sub-6GHz spectrum for the Chinese market, which would help to lower costs. [Full Article...]

Could A Rate Cut Lead To A Divided Federal Reserve?

Could A Rate Cut Lead To A Divided Federal Reserve? As the following chart shows, the European Central Bank lowered the interest rate for main refinancing operations to 0.00 in March 2016 and has kept it there ever since. "I wouldn't see this as the beginning, unless things change, of a major easing cycle". It would be the first time that borrowing rates are cut since the economic crisis a decade ago. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205  Next »