Markets

Ocasio-Cortez suggests eliminating Department of Homeland Security

Ocasio-Cortez and other progressives have previously called for the abolition of ICE, but her suggestion to dissolve the umbrella department that oversees num...


Republican Senators Defy Trump's Attacks to Support Powell

Minutes of the Fed's June rate-setting meeting, released shortly after Powell concluded several hours of testimony before the US House of Representatives Financ...


Eurozone's GDP expectation for 2020 drops

Further south, in France, INSEE confirmed that harmonised CPI rose at a 1.2% year-on-year clip, versus 0.9% in May. "The resilience of our economies is bein...


Gold hits one-week high as dollar dips after Powell's testimony

Four hours later, the Fed is due to release the minutes from its last policy meeting, when officials edged toward a rate cut as early as this month. Markets h...


AT&T becomes first carrier to block robocalls by default

That means we can automatically provide you the service unless you decline, instead of first asking you to download an app or go to your settings to "opt in"....


Amazon Prime Day: Heed these tips before you click

And this year's doorbuster sales event will be more distracting than ever, as Amazon has decided to make it a two-day shopping extravaganza running through the ...


Fed's Powell bolsters rate cut view on trade, growth concerns

On Thursday morning, most US stock index futures were high. The Fed chairman told Congress in his semi-annual report that many in the US central bank believe ...


Bond yields up as markets await Fed signal

The pan-region Euro Stoxx 50 futures were up 0.43 per cent, Germany's DAX futures rose 0.42 per cent and Britain's FTSE futures gained 0.33 per cent in early Eu...


Telstra And CommBank Are Borked Across Australia

An ANZ spokesperson has confirmed it is also experiencing outages, suggesting the problem might be "telco-related", while a NAB spokesperson confirmed "sporadic...


Air Canada flight diverted to Hawaii after turbulence, minor injuries reported

A spokesperson for Air Canada told CTV News , "Preliminary information indicates there are about 25 people who have sustained minor injuries". Honolulu Emerg...


Apple will launch notchless iPhone in 2020

The 2019 iPhone has received mixed opinions even before its launch with a majority suggesting they will skip this generation in favour for the 2020 iPhone . Ap...


South Korea's Moon Denounces Japanese Comments Over Sanctions

Japanese officials say such materials can be exported only to trustworthy trading partners, hinting at security risks without citing specific cases. The Japan...


7-Eleven to offer free slurpees today

Plus, 7Rewards members can earn 1000 points for free when scanning the commemorative cup in the 7-Eleven app! Find a location near you here. It's 7-Elev...


United States could impose tariffs on French imports in retaliation against ‘tech tax’

Finance ministers and central bankers at a Group of Seven meeting in Chantilly, France next week will discuss global taxation and competition and the digital ...


Goodbye, 'Love Bug': the Volkswagen Beetle is going extinct

The final Volkswagen Beetle has rolled off the assembly line in Mexico. The end of Beetle production will allow Puebla's resources to shift production to ...


Gatwick Airport: Flights resume after ATC issue

London's Gatwick Airport suspended all flights for about 2 hours Wednesday after having problems with its air traffic control systems, and though flights res...


Delta plane made emergency landing after engine failed during flight

Delta provided passengers with a $30 food voucher while they waited to be re-routed on alternative flights. In addition to the flight crew, 148 passengers we...


Wall Street touches new highs after comments by Fed's Powell

Powell said the central bank stands ready to "act as appropriate". The US central bank's chief said "broad" global weakness was clouding the US economic outlo...


Bank of Canada keeps key interest rate steady at 1.75%

Bank of Canada governor Stephen Poloz will share his latest take on the economy Wednesday in an update that's expected to signal more patience on the key in...


Oil Prices Slips as Trade Wars Over Shadow Demand Concerns

Washington withdrew from the accord a year ago and re-imposed sanctions. On Monday, the 8th of July 2019, Crude oil prices extended its Friday's (July 5th) ...


Fed rate cut appears likely as Jay Powell prepares to address Congress

But relentless pressure from President Trump for a rate cut could complicate matters for a Fed that prizes its independence. Federal Reserve Chairman Jerom...


IBM completes $34-billion acquisition of Red Hat

IBM's acquisition of software provider Red Hat has reportedly now been finalized. For now, IBM is heavily emphasizing its desire to leverage Red Hat's...


China shares fall as June producer prices fuel growth, deflation fears

The bureau also said that producer prices were flat on year in June and down from 0.6% in the previous month. BEIJING, July 10 ― Factory prices in China were ...


Instagram is hoping to combat cyber bullying via two new tools

From now on, the platform will guilt-trip everyone who tries to post a nasty comment. But, instead of blocking posts or banning offenders, Mosseri has announc...


Global shares muted as prospect of United States cut fades

Lurking in the background, U.S. and Chinese trade officials held "constructive" talks on trade by phone on Tuesday, White House economic adviser Larry Kudlow sa...


Central bank unveils plan on digital currency

Contextualizing this trend more broadly, Zhou reportedly claimed that "people valuing Libra is inseparable from the global dollarization trend", and that the im...


Why Burger King is selling $1 tacos nationwide

It features a crunchy tortilla, seasoned ground beef, cheddar cheese, lettuce and savory taco sauce. It is the first halloumi burger to be served at a major...


International Business: Richard Branson's Virgin Galactic plans to go public

The US defines space as altitude above 50 miles. Virgin Galactic and public-investment vehicle Social Capital Hedosophia will merge, with SCH expected to ow...


Elon Musk: Tesla Will ‘Most Likely’ Bring Self-Driving Chip Upgrade

Tesla's high-powered in-house-designed "Full Self-Driving" chip has been in production for a while now, and it's been fitted as standard to new Teslas since ear...


Bill Gates thinks Steve Jobs was a wizard

Gates said people often emulate the negative elements of the Apple founder's personality, but Jobs was also a unique leader who took Apple from near-death to it...


Chick-fil-A Gives Away Free Food During Cow Appreciation Day

Chick-fil-A is offering customers free chicken Tuesday, but there's a catch. Entree options include such things as Egg White Grill or Chicken Biscuit during b...


Wall St. set to open lower as aggressive rate cut hopes recede

Lancz & Associates Inc, an investment advisory firm, based in Toledo, Ohio. Investors will closely analyse Powell's comments when he delivers his semi-annual ...


CannTrust down 15% premarket on negative regulatory audit

The announcement is "somewhat unprecedented" for a cannabis company selling to the legal market, and CannTrust may be forced to destroy all the product in quest...


Oil prices ease as trade disputes outweigh supply concerns

The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. Brent for September settlement lost 1 cent to $64.22 a barrel the ICE...


Outage problems at mobile service providers causing voice service issues

Sunday. "The WPS Communications Division can confirm that similar to other 911 centres across Canada, our agency experienced intermittent dropped 911 calls fr...


Watch Out, Amazon Prime Day: Walmart Is Coming For You

Amazon will launch 1000+ new products in honor of its Prime Day celebration by having partnered with popular brands including JBL, Sennheiser, Intel, Samsung ,...


Volkswagen ID R smashes Goodwood hill climb record with 39.9-second run

Yikes. Volkswagen has broken the Goodwood hillclimb record, with the ID. With one day of the 2019 Festival remaining, there's every chance Dumas will get ...


Turkish currency drops after central bank chief is fired

A row over interest rate cuts is understood to have triggered the removal of Murat Cetinkaya on Saturday . Hurriyet newspaper said the governor had rejected ...


Amazon employees plan to strike during Prime Day

Strike organizers say workers at the MSP1 Amazon Fulfillment center will be striking on July 15. Strike organizers say workers, community supporters and ele...


Turkish assets stumble on c.bank head's sacking, broader markets glum

Monday's falls in the lira and the governments bonds were the sharpest in months, but by the standards of the last year-and-a-half they were still relatively me...


Asia Stocks Slip, U.S. Yields Steady; Lira Tumbles: Markets Wrap

That being said, later on the market got a bit of relief due to Jerome Powell suggesting that the Federal Reserve was also going to do whatever it takes to keep...


South Korea urges Japan to scrap export curbs, pledges help to firms

A deepening row between South Korea and Japan has put Samsung's money makers under threat . Abe was referring to a decision by the Supreme Court here in Octo...


No Matter 18,000 Lost Jobs, Germany OK With Deutsche Bank Cull

Deutsche has also suffered from a string of scandals caused by lax controls during the boom years and has come under scrutiny over its business dealings with D...


Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

Deutsche Bank is planning to shutter the majority of its equities business in the Asia-Pacific region as part of a restructuring to be announced as soon as Sund...


RBI opens banks’ liquidity tap for NBFCs, HFCs

The amount proposed to be invested in state banks is below the Rs 1.06 lakh crore injected in the previous financial year and Rs 88,139 crore in FY18. "NBFCs th...


Dogecoin Listed on Binance

Starting at noon UTC today, the following dogecoin pairs will start being traded on the exchange: DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC. "Use...


Starbucks apologizes for barista who asked police to leave store

What occurred in our store on July 4 is never the experience your officers or any customer should have, and at Starbucks, we are already taking the necessary st...


Job Creation Rebounds In June

That helped drive the jobless rate back up to 3.7 per cent, still very low by historical standards. It showed that 224,000 jobs were created in June, many mor...


BMW and Daimler partner together to develop automated driving technology

The BMW Group and Daimler AG are teaming to jointly develop self-driving technologies . Commercial deployment of the technology in passenger vehicle system...


Amazon CEO Jeff Bezos and MacKenzie Bezos’ divorce finalized

That 4 per cent holding is valued at US$38.3 billion (S$52 billion), enough to place her 22nd on the Bloomberg Billionaires Index, a ranking of the world's ...