Markets

G20 frets over global economy amid US-China trade war

Japan and the United States have been discussing a bilateral trade agreement, with President Donald Trump urging Tokyo to help reduce US trade deficits. T...


FedEx Express Decides Not to Renew Amazon Contract

The decision does not impact existing contracts between Amazon and other FedEx business units, nor worldwide services, FedEx said. Amazon is not FedEx's large...


Kroger brand frozen berries recalled over Hepatitis A concerns

The recall came after the FDA tested a sample of the frozen berries and found it to be contaminated with hepatitis A . The FDA is working with the manufacturer...


Beyond Meat beats revenue estimates in first results since IPO

McDonald's executives have said that they are waiting to see how a plant-based meat alternative drives customer traffic, given how the menu addition would incre...


London Skyscraper to Home the World’s First 360-Degree Infinity Pool

The 600,000-litre pool is also transparent, allowing visitors to see the swimmers and sky above. The designer reveals, "The solution is based on the door of a s...


Toyota accelerates EV plans and teams up with Subaru

So we could see electric cars similar to the Corolla and Impreza, Camry and Legacy, and even the Highlander and Ascent on this platform in the future. The platf...


Barnes & Noble acquired for $638 million

As of past year, Amazon - which started as strictly an online bookseller - accounts for almost half of all new book sales. Barnes & Noble stock was at $6.70...


US job growth slows sharply, heightens fears about economy

The U.S. Bureau of Labor Statistics released the new jobs numbers today. And last week, he threatened to impose 5% tariffs on all Mexican imports to the Un...


Uber Copter is a real thing but not for everyone right now

Flights are estimated to cost around $200-$225 per traveler; however, like the rideshare, prices can fluctuate depending on current demand. In any case, dissi...


CBA, NAB pass on full RBA cut; ANZ doesn't

Treasurer Josh Frydenberg is urging banks to pass on the full extent of the Reserve Bank's historic interest rate cut to its customers. The RBA's governor, Ph...


China To Closely Monitor Rare Earth Industry As Trade War Continues

The report includes 61 specific recommendations - including low-interest loans and "Buy American" requirements for defence companies - to boost domestic produ...


Facebook Coin to be Unveiled in June, 'Nodes', ATMs Coming

Third-party firms will supposedly pay as high as $10 million for the chance to act as a node (as the firm calls it). Facebook also has the unenviable task o...


ECB Takes Opposite Direction to Fed, Rates to Remain Unchanged

LONDON, June 4 (Reuters) - Germany's 10-year government bond yield held near record lows on Tuesday after a rate cut in Australia and rising bets on US monetary...


Trump Deal With Mexico a Win for 'Hostage-Taking': Former WTO Chief

In the tweets , Trump said "the tariffs scheduled to be implemented by the US on Monday, against Mexico, are hereby indefinitely suspended". "The Tariffs sch...


No-deal Brexit may put 6000 more Ford jobs at risk

The Bridgend plant manufactures engines for the Fiesta, Focus , Kuga, Mondeo, S-Max and Galaxy models, but reduced global demand for the new generation GTDi an...


Single ticket victor in California secures massive $530MILLION Mega Million jackpot

The ticket was sold in San Diego. To try and win players now pick five numbers between one and 70 and the Mega Ball number between one and 25. The $530 mill...


Oil Drops as U.S. Stockpiles Report Stokes Fears of Supply Glut

Brent for August settlement fell $1.34 a barrel, or 2.2 per cent, to settle at $60.63 in NY. U.S. West Texas Intermediate crude fell to a session low of $50...


Briefing: China issues 5G commercial licenses, Huawei says it's ready

The Minister for Industry and Information Technology spoke at the ceremony that China "will continue to welcome overseas enterprises to participate in the rol...


White House says tariffs 'going forward' as talks continue

Trump last week announced that on Monday, the U.S. 'But I think there is the ability - if negotiations continue to go well - that the president can turn that o...


A Walmart employee will restock your fridge with the new InHome service

Attention Walmart food shoppers: soon, a Walmart (wmt) worker will be able to deliver groceries right to your fridge or basement even if you aren't home . Walm...


Trump Threatens Another $300 Billion in Tariffs on Chinese Goods

The two countries have been at odds since July 2018 over a host of USA demands that the Asian powerhouse adopt policy changes that would better protect American...


National Doughnut Day: Free treats and a bit of history

Duck Donuts: The shop is giving away free doughnuts on June 7. Cameras attached to the load will film the doughnut's upward trek, and thanks to Global Posi...


ADP: Companies add fewest jobs in 9 years in May

While we will await the official data from the U.S. Bureau of Labor Statistics ( BLS ) - which is scheduled to be released on Friday - the early report from p...


Fiat Chrysler withdraws from proposed merger with Renault

Those shared technologies would be critical to generating the billions in synergies that Fiat Chrysler said would accrue from a Renault merger. Le Mair...


Google to buy analytics software firm Looker for US$2.6 bln

Looker had raised a total of $280.5 million from investors including CapitalG, Google's own in-house late-stage investment arm, according to Crunchbase . Addin...


Chinese Importers Apply For Waivers On Import Tariffs On US Goods

The report also says the United States move to impose additional tariffs has cast "a shadow over the bilateral economic and trade consultations and world econom...


RBI cuts rates, turns 'accommodative' as economy slows

The Reverse repo rate and the bank rate have been adjusted at 5.50 and 6.0 percent, respectively. Data for January-March quarter:2018-19 indicate that domes...


Fed stands ready to act, says Powell

The Australian economy has avoided recession for nearly 28 years, but a housing slump, rising unemployment and below-target inflation prompted the central ban...


Mexico To Continue Trade, Immigration Talks Thursday

US and Mexican officials laboured for a second day Thursday to avert import tariffs that President Donald Trump is threatening to impose as he tries to strong...


St James's Place terminates funds mandate with Woodford Investment Management

City heavyweight Neil Woodford has apologised and sought to reassure investors blocked from withdrawing from his multi-billion pound fund after the freeze sho...


Fiat Chrysler Automobiles withdraws offer for Renault merger

According to a statement released by FCA, the French government is to blame for the withdrawal, as the automaker believes French officials weren't readily prepa...


Manufacturing PMI improves in May

But since risks for a no deal Brexit are now heating up and factories have already started to cut jobs for the second month in May, questions are rising about w...


Trump Warns: ‘Always a Chance’ of War with Iran

Tehran has militarily backed Syrian President Bashar al-Assad in the country's civil war. In an interview with IDF Radio, Olli Heinonen stated Wednesday that ...


Australia cuts interest rates as economy falters

The cash rate was dropped by 25 basis points to 1.25 per cent on Tuesday, marking the first cut in almost three years, with more expected to follow. "The resu...


Renault 'extends discussions' on potential FCA merger after Nissan raises concerns

The person didn't want to be identified because the Renault board was meeting at the time. Should the Renault board approve the deal, the resulting company wo...


Oil plunges into bear market territory, could this be why?

Brent was down $1.31, or 2.1%, at $60.66 a barrel around 2:25 p.m. ET (1825 GMT). The figures indicate that Saudi Arabia has been willing to replace the lost Ir...


US tariffs looming, many in Mexico back president's approach

White House Deputy Counsel Patrick Philbin was deployed to Tuesday's Senate Republican lunch, where he faced strong opposition to Trump's tariff plan, according...


Amazon opens first 'Clicks and Mortar' store in Manchester

Physical retailers accuse the government of presiding over a tax system that has failed to keep pace with the shift to online shopping - their main gripe being ...


Amazon Prime Free One Day see massive response in US

Walmart said it plans to grow the assortment of items available for next-day shipping over time. "Millions of members are already noticing and enjoying free...


Global tech companies shun Huawei after USA ban

Huawei has said its Plan B should the USA restrictions remain in place is to switch to its own new operating system, which is under development. Trade restr...


USA tech giants could be subject to antitrust investigation

He said the investigation would not target one specific company but rather focus on the belief that "the internet is broken". Shares of Facebook were down a...


U.S. regulators divide scrutiny of Amazon and Google

In that 2013 report, the FTC found that "any negative impact on actual or potential competitors was incidental to that objective". This comes nearly six years...


U.S. ‘Disappointed’ Over China’s Fingerpointing on Trade Rift

It urged Chinese nationals and Chinese-funded institutions in the United States to be cautious and "increase awareness and strengthen preventive measures". The ...


Elon Musk gets Cuphead up-and-running in Teslas

Teslas are getting a major gaming upgrade, with Elon Musk confirming Model 3 , Model S , and Model X are getting run-and-gun platformer Cuphead . Perhap...


Almost $800M up for grabs in weekend Mega Millions, Powerball drawings

The lucky victor walked off with the entire $ 50 million (approximately R729.2 million) jackpot amount - though the actual winnings were less as the victor n...


A Google Cloud outage breaks Snapchat, YouTube, Gmail

Edit: The story has been updated to reflect the Eastern Times across the story, replacing the original Pacific Times per Google . In fact, nearly all of Goog...


Trump to move forward with Mexico tariffs despite objections from top advisors

In fact, I fully expect these tariffs to go on to at least the 5 percent level on June 10. As Trump threatens tariffs, USA authorities are overstretched and o...


Trump Tariff on Mexican Oil Could Hit Gulf Refiners

Moreover, the relations between the United States and Iran and the ongoing production cuts by OPEC and Russian Federation will continue to play their roles in t...


Tesla opens orders for China-made cars

The auto manufacturer has priced its Chinese Model 3s from 328,000 yuan ($47,523), including value-added taxes. They might get access to some EV incentives, too...


India responds to United States decision to withdraw India's GSP benefits

In the U.S., the GSP programme - created to promote economic growth in the beneficiary developing countries - provides duty-free entry for up to 4,800 products ...