Markets

Defying slowing economy: Alibaba revenue jumps in first quarter

Its net profit more than doubled to $3.1 billion from a year earlier, when costs involving employee compensation sharply reduced the bottom line. Alibaba was ...


Gov't Creates 611,397 New Jobs

The unemployment rate in Kern County continues to climb after reaching its lowest point this past spring. That is a bit slower than the 0.7% rate the state expe...


Stock market gyrates as the economic picture gets blurred | AP business

At that time, they were concerned about rising interest rates, along with the trade war. "China trade war or have been too consumed by further evidence of globa...


Oil slumps on weak economic data

OPEC's efforts have been undermined by worries about a slowing global economy amid a trade dispute between the United States and China, as well as rising USA st...


Perth students take to the streets for Hong Kong

Following an escalation in violence over the past few days, the rallies this weekend are a key test of whether the protest movement can retain the broad support...


Global stock markets rally as Trump delays tariffs on some Chinese imports

I wouldn't want to see a violent crackdown", Trump told reporters on Friday (Aug. 16). An odd assortment of goods will benefit from the reprieve, includ...


Hong Kong: Cathay Pacific CEO Rupert Hogg resigns over 'recent events'

China Citic Bank International, a Hong Kong-based unit of the nation's largest state-run conglomerate, sent a message to staff on Wednesday, saying that "no em...


GE plunges most in 11 Years as Madoff accuser slams accounting

The company said it "stands behind its financials" and operates to the "highest-level of integrity" in its financial reporting. GE also claims that Markopolos...


Auto sales fall to 19-year low, stir questions on deeper malaise

Vehicle sales slumped by 35.95 per cent to 122,956 units from 191,979 units in the same month a year ago. The total sales of passenger vehicles and two-wheelers...


United States stocks steady after plunge, but caution still reigns

Hopes of a swift resolution between the US and China have been dashed and investors appear to be digging in for a protracted dispute. While all three major US...


FDA reveals proposed graphic warnings for cigarette packs and ads

If adopted , it would be the biggest change to cigarette packages in over three decades. They are supported by extensive scientific evidence showing that gra...


Asian, European Stocks Mixed After Recession Jitters Spark Sell-Off On Wall Street

President Trump on Tuesday backed off a September 1 deadline that would have added a new 10% tariff on all remaining Chinese imports, including many consumer pr...


Zimbabwe protests: Opposition vows to defy police ban on rally

The MDC has said it has given the authorities assurances the protests will be peaceful. Zimbabwe's main opposition group has called off anti-government prot...


China warns as troops mass near Hong Kong

Hua did not directly respond to Trump's invitation to personally meet with Xi, saying, "the Chinese and US Presidents have remained in contact with each oth...


Markets register a shock, but is Trump right to blame the Fed?

But this is exactly what happened to China when the United States government labeled it a currency manipulator. "Walmart, a great indicator as to how the U.S....


Move over, Mar-a-Lago: Donald Trump reportedly keen to buy Greenland

The Democratic-led US House of Representatives Judiciary Committee said on Thursday it has subpoenaed President Donald Trump's former campaign manager, Cor...


Recalled MacBook Pro Flight Ban Could Mean Trouble for Millions

This week, four global carriers banned those affected MacBook Pros and that number will likely grow after the FAA's advisory. Do you own a 2015 MacBook Pro ?...


US Treasury yield curve inverts as recession fears grow

The Fed's years of meddling to steer the economy out of the last recession - namely keeping interest rates low and buying government securities - may have also ...


China Vows To Counter Latest US Tariffs

Markets around the world have been whipsawed this month by mixed signals about the state of the trade war between the United States and China and growing ev...


S. Korea says N. Korea has fired 2 more projectiles into sea

In a speech marking the anniversary of Korea's liberation from Japan's 1910-45 rule, Moon outlined a goal of "achieving peace and unification by 2045", although...


Facebook paid people to transcribe Messenger voice chats

Meanwhile, Facebook never disclosed to users that their audio recordings would be reviewed by humans, though they did have to give Facebook permission to access...


Allegiant adds new flight to West Palm Beach

The new flights are scheduled to operate twice weekly - on Sundays and Thursdays - and can be booked immediately for travel through April 2020, officials for th...


Norwegian to stop flying from Ireland to USA and Canada

The strong passenger numbers that used these services at Shannon, however, proved once again the vibrant market there is for transatlantic flights in and out of...


Latest Porsche Cayenne delivers more power with plug-in hybrid electric powertrain

Set to arrive in the United States early next year, the models have a plug-in hybrid powertrain that features a twin-turbo 4.0-liter V8 engine that produces 5...


Olive Garden to offer a lifetime version of its pasta pass

Olive Garden on Monday announced details of its Never Ending Pasta Pass and, for the first time, a chance at a Lifetime Pasta Pass . The beloved chain kn...


RIL to become zero net-debt company within 18 months: Mukesh Ambani

According to the company's latest shareholder communication, Reliance Retail and Jio are said to have collectively contributed almost 32% to the consolidated ...


Nike is now peddling a shoe subscription service

Nike brought on 10,000 families from its customer base to test it out, and ultimately found that the parents most interested in this program were people who va...


Woman stabbed, knife-wielding man restrained by public in Sydney

Gavin Wood, a superintendent with the New South Wales police, praised members of the public who restrained the suspect, who has not been named. They approach ...


Tesla Model 3 hits parked truck and catches fire

In the wake of each incident, Tesla has taken the opportunity to remind the public that a driver's hands should always remain on the steering wheel while Autop...


Hong Kong protesters return to streets

Roads to the airport were congested and vehicle parks were full, the authority said. "Hong Kong's protesters have been frequently using extremely unsafe tools...


Hong Kong mops up after weekend of violence, braces for more protests

Moreover, the protests themselves have involved a significant proportion of the Hong Kong population and have taken place largely outside of the involvement of ...


Jio's IoT platform to be commercially available from January 2020: Mukesh Ambani

Reliance Jio , which has now become India's biggest telecom operator and second-biggest telco globally (in a single country) has now set its sights on home broa...


China’s Digital Currency Is Ready, Central Bank Says

The trade tussle - which has expanded beyond just trade, with the Trump administration formally dubbing China a currency manipulator - has rattled us and glob...


US Dollar (USD), Chinese Yuan (CNY) Stronger On Central Bank Currency Fix

The fix was more than 100-bps firmer compared to market projections based on a recent Bloomberg survey, indicating that the PBOC was utilizing its "counter-cycl...


Massive power cut hits London, wide swathes of United Kingdom, snarling traffic

Thames link tweeted: "Due to failure of the electricity supply, train services running across the whole network may be cancelled or delayed". Striking durin...


Google And Twitter Are Using AMD’s New Processors In Their Datacenters

Moreover, Dell and Lenovo will be releasing 2nd gen EPYC powered servers, with the latter already having released the ThinkSystem SR655 and SR635. Projectio...


Instagram bans ad partner for improperly collecting user data

After this, Hyp3r publicly welcomed Instagram's API changes. The report blames Instagram for "lax oversight", while others believe the blamed lies squarely on H...


Major power cut hits London and parts of England

A power cut disrupted train travel and snarled rush-hour traffic across large chunks of Britain, including London , on Friday afternoon. In Cheshire, northwe...


Fliers: Flight Attendant So Drunk We Had to Do Her Seat Belt

The plane went on to land in Chicago without issue, according to the Belleville News Democrat , with police and United employees boarding the aircraft to meet ...


Gold inches up on sustained trade war concerns

Other precious metals also rose , with silver gaining 1.8% to $16.74 per ounce, its highest since June 2018. Gold prices in India continue to surge to ...


Walmart Reportedly Removing Violent Game Ads, Will Still Sell Guns

While Walmart was criticized for pulling the ads, this wasn't its only response to the deadly shooting in El Paso. Also last week, two Walmart workers in South...


Walmart will still sell guns after 2 mass shootings in 2 days

Managers told him they would restore access "on stipulation you will not use it for non-work activities", the 23-year-old said in an interview. Walmart Inc....


Attendant on flight to South Bend charged with public intoxication

Joseph County Jail on August 2. He said March was leaning against the galley and not making any eye-contact with the passengers as they boarded the United E...


China trade war gives Trump a new excuse to bully the Fed

He also called attention to three central banks that cut rates earlier Wednesday - India, New Zealand and Thailand, though he didn't name them in the tweet - ...


Subway Unveils New Plant-Based Beyond Meatball Marinara Sub

Subway Canada is teaming up with Beyond Meat for the introduction of the new Beyond Meatball Marinara Sub at select test locations starting in September 20...


Feds quietly prod Elon Musk over 'inaccurate' Tesla safety claims

Tesla Inc. shares wrapped up the day 1.16 percent higher to $233.42 on Wednesday's (August 7th) market closure despite a flurry of dubitable concerns pointing...


Huawei Has To Keep Waiting As White House Delays In Granting Licenses

A report that Washington was delaying a decision about allowing some trade between USA companies and Huawei again spooked Asia, while the prospect of snap e...


Saudis to suppress oil supply in Sept to stabilize market

Brent crude futures were down $1.04 (1.75%) at $57.90 a barrel by 1251 GMT, setting a fresh seven-month low. Oil futures jumped more than $1 a barrel on Thu...


Protesters throng Hong Kong airport as property lobby calls for calm

The Hong Kong-based Ta Kung Pao newspaper, which is linked to China's Communist Party, published a photo of Eadeh meeting with opposition leaders in Hong Kong ...


China exports rise despite ongoing trade row with US

However, state bank transactions in the swap market this week have helped slow the decline. July exports rose 3.3% from a year earlier, the fastest since Marc...