Markets

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...


Billionaire: Epstein misappropriated ‘vast sums’ from wealth

Billionaire businessman Leslie Wexner, a major philanthropist to Jewish causes, said that alleged sex trafficker Jeffrey Epstein "misappropriated vast sums of...


Walgreens Plans to Close 200 Stores

The company expects the combined closures to save it $1.5 billion annually by the end of fiscal 2022. The loss of a couple hundred stores represents about thr...


Uber lost more than $5 billion in three months

The quarterly loss was the largest Uber has ever recorded as results were affected by a $3.9 billion one-time stock-based compensation item stemming from the co...


Top British ministers in U.S. to 'fast-track' post-Brexit deal

Mr Donohoe said the appointment of Mr Johnson as Prime Minister had "added a new dynamic" to Brexit talks. The Trump administration will pursue a free-trade...


FedEx ends ground delivery partnership with Amazon in sign of new rivalry

It will no longer carry out ground deliveries for Amazon, having cancelled its United States air transport contract in June, but will continue making worldwide ...


United States crude oil refinery inputs increase last week

Brent crude futures LCOc1 were down $2.38, or 4%, at $56.56 a barrel by 10:36 a.m. CDT (1536 GMT), setting a fresh seven-month low. Tensions ramped up over t...


Stocks drop as bond surge warns of looming recession

Central banks in India, Thailand and New Zealand announced greater-than-expected rate cuts Wednesday, following signals from the European Central Bank and the ...


Despite deadly shootings, Walmart won't stop gun sales

Hargrove said Walmart requires customers looking to purchase firearms must pass a background check before a sale is completed. Meanwhile, At least nine people...


Australia raises privacy concerns over Facebook's Libra cryptocurrency

The regulators want to know that Libra will have "robust measures" to protect personal data, including transparency, adequate privacy protection tools and a min...


United Kingdom trade delegation eyes post-Brexit deal with Trump

The change in date for the United Kingdom to leave the European Union from the end of March to the end of October is also causing problems for the food indu...


Walmart's Flipkart to add free movies, videos streaming to its app

Indian e-commerce giant Flipkart is planning to enter a world of video streaming with new some awesome features for its users. With this, Flipkart will be a...


Admitting slowdown, RBI lowers growth forecast to 6.9 percent

It can be noted that the March quarter GDP printed at a five-year low of 5.8 percent while the FY19 GDP printed in at a four-year low of 6.8 percent and everyon...


HSBC says John Flint out as CEO after 18 months

The exact amount Mr Flint will get as a payoff remains unknown until he leaves the business, HSBC said. Tucker insists that the hunt for the next CEO is on an...


AT&T employees bribed to hack the system: DOJ

In exchange for their help, the AT&T employees allegedly received a total of more than $1 million in bribes. Reporting in The Verge today shows an individua...


RBNZ chief says negative interest rates "within the realms of possibility"

Hartwich says when that recession eventually comes, the country will have to cut the OCR again, and there won't be much left to cut. THE Australian dollar h...


Stocks take worst drop of the year as trade war flares

Stocks had been reeling from last week's shock when Trump vowed to slap a 10% tariff on a further $300 billion in imports from China. The yuan stood at 7.031...


New economic embargo: Trump freezes all Venezuelan assets in US

The executive order comes the day before Mr Trump's national security adviser John Bolton and US Commerce Secretary Wilbur Ross represent the United States at...


Disney fires shot at Netflix with US$13-a-month streaming bundle

Walt Disney Co ( DIS .N) reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into st...


What now since United States classed China as a "currency manipulator"?

China, in response, announced its companies had stopped buying US agricultural products and said labelling Beijing a currency manipulator would "severely da...


NEC unveils electric flying vehicle prototype in Japan

Equipped with four propellers and unmanned, the prototype moved using NEC's software to control flight and determine its location. The flying auto uses four p...


Apple's Cards soft launch; subsidiary rebrands

News that the invitations were going out was first reported by TechCrunch . Jennifer Bailey, vice president of Apple Pay, speaks about the Apple Card a...


IndyStar Parent Company to be Acquired

In addition to the Enquirer , Gannett's OH papers include the Chillicothe Gazette , Coshocton Tribune , Lancaster Eagle-Gazette, Loudonville Times , Mansf...


Gold prices touch all-time high amid trade, J&K tensions

Gold prices were little changed on Tuesday in Asia after hitting new six-year highs in the previously session amid escalating Sino-U.S. trade tensions. The doll...


Hongmeng OS for Huawei smartphones could unveiling this week

According to Chinese media site Global Times , this will not be a new flagship device. In May, the company was placed on the "entity list", effectively b...


Oil prices drop as US-China trade war fuels growth concerns

BAML also warns crude prices could sink by as much as $30/bbl if China decides to buy Iranian crude oil in retaliation to the latest US tariff measures. On Mo...


Strike by Heathrow workers suspended to allow more talks

British Airways and Virgin Atlantic have already restricted passengers to one small carry-on that can fit under the seat in front of them. The union, called ...


Donald Trump furious as China drops currency price to 'almost historic low'

The sell-off comes after China allowed its currency to devalue against the dollar to levels that experts said could effectively mean the "weaponisation" of ...


Bitcoin surges above 6% to $11,600 as US-China trade tensions soar

Mr. Trump lashed out against the move on Twitter , accusing China of " currency manipulation". China's state-run agricultural firms are now biding their tim...


Peter Navarro: 10% Tariffs on Chinese Goods Compensates For Devalued Currency

Brent crude was down 50 cents, or 0.8%, at $61.39 a barrel by 0029 GMT. Both crude benchmarks fell last week, with Brent down 2.5% and USA crude falling 1% af...


Over 250 mass shootings in the United States so far in 2019

The shootings were the 21st and 22nd mass killings of 2019 in the USA, according to the AP/USA Today/Northeastern University mass murder database that tracks ho...


Oscar Mayer Unveils New Ice Dog Sandwich

Eaters more adventurous than I can keep an eye (and ear) out for a specially outfitted Wienermobile, handing out free ice dog sandwich samples across New Yo...


International Business: Apple Card to bar digital currencies

For those who came in late, technology giant Apple is launching its credit card in collaboration with Goldman Sachs , a leading investment bank and financi...


Google suspends transcription of voice assistant clips in Europe

Increased public and political scrutiny of data privacy practices have forced greater transparency from Silicon Valley companies, with Google pausing reviews of...


United States creates 1,64,000 jobs in July; unemployment rate steady at 3.7%

The three-month average for job gains was 140,000, down from 237,000 a year ago. Under Donald Trump's regime, job gains have surpassed 100,000 jobs in 29 ...


No deal likely to weaken the pound - Carney

It is also odds-on to cut its growth forecasts after a run of disappointing recent economic indicators pointed to a potential contraction in the United Kingdom ...


Markets Right Now: Stocks sink as hopes for rate cuts fade

At the same time, one of the Fed's main goals in cutting rates is to bring inflation up to the 2% level policymakers consider healthy, and maybe even higher t...


China warns of retaliation after Trump threatens fresh tariffs

The move, due to take effect on September 1, intensifies a trade war between the world's top two economies and oil consumers that has disrupted global supply ch...


Chick-fil-A Tops Poll as America's Favorite Fast Food Restaurant

But Chick-fil-A - whose founder, Truett Cathy, infused the company with Christian values - continues to be the target of attacks by politicians and activists on...


Facebook will add its name to WhatsApp and Instagram

Instagram and WhatsApp will soon officially be named: Instagram from Facebook , and WhatsApp from Facebook respectively. That plan has caused some surpr...


Fed's mild rate turn crushes U.S. inflation expectations

The Dow Jones Industrial Average tumbled to finish down 333 points, or 1.2%. Treasury yields ticked higher. The U.S. central bank has finally validated market...


Crude climbs on United States inventory decline, trade-talk optimism

Thursday's price plunge came after five consecutive days of oil price gains, helped by simmering tensions in the Middle East and reports of a solid decline ...


Apple Suspends Siri’s Speech Grading Program Following Privacy Concerns

Siri, Apple's iconic voice assistant, allows users to work their iPhone without using their hands, and can send messages, make calls and open multiple applicati...


Trump to announce beef trade deal with Brussels — Beyond EU meat

EU sources and diplomats in June said a deal was reached then to allow the United States a guaranteed share of a 45,000-tonne European quota for hormone-free ...


164,000 jobs added in July; 3.7% unemployment

Payrolls rose 164,000, nearly matching projections , though the two prior months were revised lower, according to a Labor Department report Friday. Average h...


Central banks' hunger for gold pushes demand to three-year high

India's gold consumption in the June quarter rose 13 percent to 213.2 tonnes on higher jewellery and investment demand, helping India surpass China as the big...


Trump's fresh $300bn China tariff threat spooks markets

A positive day on North American markets came to an abrupt end Thursday afternoon when one presidential tweet threatening more tariffs on Chinese imports sent...


Trump announces new 10% tariff on another $300B worth of Chinese goods

Talks between the United States and China collapsed in May, after US officials accused China of reneging on earlier commitments. "Given that Jerome Powell i...


Oil Rises On Inventory Data

That put both contracts up for a fourth day in a row to their highest closes since July 15. It is set for a monthly fall of around 3.7%, however, due to lingeri...


Impossible Whopper goes nationwide at Burger King

The rollout to 7,000 US locations will be for a limited time, a typical practice in the fast food industry for new products. Burger King says it will gauge cust...