Markets

Alibaba, Tencent may be among first to receive China's digital fiat currency

However, Chinese insiders familiar with the matter said the institutions involved and time frame outlined by Forbes is unreliable. And a Binance spokesperson,...


Prepare for United States recession

Texas Instruments added 1.4% Tuesday. Financial and energy stocks also helped power the rally. JPMorgan climbed 2.3%, American Airlines Group gained 3.9% and F...


Thousands of Glass Cooktops Are Being Recalled for the Scariest Reason

People who have these cooktops in their homes are urged to contact Whirlpool to arrange for the installation of a replacement cooktop free of charge. So you h...


Oil rises after Trump says China trade deal likely

The trade war between the US and China escalated over the weekend. President Donald Trump then announced tariff increases on Chinese goods after crude mar...


AAA: Gas Prices Drop 3 Cents In Time For Labor Day Weekend

Today, the average price for gasoline in Georgia is $2.42 per gallon. Drivers are now paying 25 cents less than they did on Labor Day 2018 ($2.84), and 5 cent...


Costco opens first store on Chinese mainland

Reports say numerous shoppers entered the store when some of the shelves were already empty. Incoming shoppers needed to wait for about three hours to get in. ...


KFC is now selling plant-based 'Beyond Chicken'

Beyond Meat said in a statement that feedback from the test in Georgia will help KFC consider a national roll-out of the meat-free chicken. As more peo...


Google to Shift Pixel Production from China to Vietnam

Instead of raising the retail price of these accessories, it is paying the tax so that consumers don't have to dig deeper into their pockets to buy these items....


Tobacco giants Philip Morris and Altria in $200bn merger talks

The source close to the deal talks said the merger negotiations started as an extension of this partnership. Some analysts and investors fretted that the la...


Surplus funds: How government pulled it off

The union also pointed to a study of balance sheets of 47 central banks belonging to both advanced and emerging economies by the Centre for Advanced Financial R...


KFC will start testing Beyond Meat chicken

Brands Inc., will test plant-based nuggets and boneless wings at one of its Atlanta restaurants on August 27. "KFC Beyond Fried Chicken is so delicious, our...


Singapore Airlines bans MacBook Pro models on flights

The Directorate General of Civil Aviation ( DGCA ) is now investigating concerns that older MacBook Pros are overheating and catching on fire, according to a re...


China places first-time tariff on USA crude

China's commerce ministry said it would impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States, including agricu...


Walmart, Tesla look to address issues surrounding solar systems

Tesla also said in a statement it worked with Amazon following the "isolated event" a year ago that occurred in an inverter at one of the sites. The companie...


Japan agrees to buy more USA corn under trade deal

The U.S. President and Japanese Prime Minister Shinzo Abe announced the agreement Sunday in Biarritz, France , at the Group of Seven summit following a bil...


VMware to acquire Pivotal, Carbon Black for United States dollars 4.6 billion

VMware said it will pay $26/share in cash for Waltham, Massachusetts-based Carbon Black , giving the target company an enterprise value of $2.1-billion. Gelsi...


Step inside the new Porsche Taycan interior

Classic mode resembles a traditional instrument cluster, while the two map modes show navigation information. The Taycan will be unveiled in September wi...


Trump Calls on US Companies to Stop Manufacturing in China, Raises Tariffs

The Chinese Commerce Ministry issued a stern statement Saturday saying that it "firmly opposes" the Trump administration's decision to increase tariffs on $550 ...


Overstock CEO resigns over relationship with Russian 'spy'

Overstock has been considering selling its online retail business and Byrne's departure will probably accelerate that process, according to Forte, who is b...


Lowe's Grew Earnings & Sales in Q2

Federal Reserve's last meeting. Financial stocks rose as bond prices fell, pushing yields higher. Higher yields are seen as a sign confidence in the medium-term...


Moulton Drops Out of Presidential Race, Cautions Democrats

In an interview with the New York Times , he said that the race is truly between former Vice President Joe Biden and Sens. Moulton, a three-term congressma...


Former Indian finance minister Arun Jaitley passes away at 66

The prime minister said that he had spoken to Jaitley's wife and son and expressed his condolences. "Deeply grieved at the passing away of Shri Arun Jaitley j...


Trump orders USA companies to "start looking for alternatives" to China

Mr Trump today said in a series of tweets that he will respond in hours to an announcement Friday (local time) that China was retaliating to USA tariffs ...


Relief for startups: Angel tax provisions removed

Union finance minister Nirmala Sitharaman on Friday asked the country's anti-trust regulator to take action against global companies having no local presence ...


Donald Trump: 'Who Is Our Bigger Enemy, Jay Powell or Chairman Xi?'

He compared the situation to the mid-1990s, when a Fed led by Alan Greenspan reduced rates 75 basis points to keep the expansion going. But "the USA econo...


China to impose retaliatory tariffs on United States goods

But as Trump rejects such warnings while keeping his foot on the gas in the clash with China, American businesses responded to his latest guidance by urging con...


German bunds suffer after August manufacturing PMI cheers market investors

A reading above 50 indicates that activity is expanding, while anything below that level signifies a contraction. The reading signaled one of the weakest perfor...


3 new cannabis stores coming to Niagara Region

Under provincial regulations, eligible expressions of interest applications were randomly selected Tuesday using a third-party-certified AGCO lottery software p...


BHP annual profit rises on robust iron ore prices, pays record dividend

Mackenzie, who spoke to reporters after BHP reported its best underlying profit in five years, also said the company was still considering whether to hold on ...


Qantas to test 'ultra long-haul' Sydney to NY, London flights

Qantas Airways Ltd. will run marathon ghost flights from NY to Sydney carrying just a few staff to see how the human body holds up as the airline prepares for u...


Amazon opens Hyderabad campus

Built in Hyderabad over three years, the new campus is Amazon's first owned building outside of the United States, spans 1.8 million square feet of office spa...


Beijing appeals to U.S. to 'meet China halfway' on trade

Paraphrasing a reporter's question, Trump said , "Your statement about, 'Oh, will we fall into a recession for two months?' OK?" "This is a trade war that sh...


US Fed officials divided over rate cut in July, minutes show

President Donald Trump . On Wall Street, the benchmark Standard & Poor's 500 index snapped a three-day winning streak and fell 0.8% to 2,900.51. Auto share...


United States moves to abolish child migrant custody limits

The Trump administration has announced it is ending a federal court agreement that limits how long migrant families with children can be detained. Currently, ...


Ryanair pilots to strike after airline loses court battle

A United Kingdom court is due to rule later on Wednesday whether Ryanair's British pilots can go ahead with their planned strike on Thursday - the same day as...


Winklevoss Twins Reportedly Willing to Join Facebook's Libra Association

She now writes about blockchain , cryptocurrencies and business news. With the Libra Association incorporated in Switzerland , Facebook has said it ex...


Tesla solar panels caused fires at 7 Walmart stores, retailer alleges

Retail giant Walmart is suing Elon Musk's electric auto maker and energy company Tesla, accusing it of "gross negligence" and blaming Tesla's rooftop solar pane...


Huawei dismisses new suspension of 'unjust' USA ban

Speaking earlier on Sunday, National Economic Council director Larry Kudlow said the Commerce department would extend the Huawei licensing process for three mon...


White House mulling tax cut to avoid recession

Lower-income Americans pay more of their incomes in payroll taxes, given it's a regressive tax, or one applied at a uniform rate. Depending on how such a tax cu...


Rakuten Wallet lists Bitcoin, Ethereum and Bitcoin Cash for Spot Trading

Customer funds will be held separately from Rakuten's own funds with crypto assets held in cold wallets with support for private keys that utilize a multi-s...


Oldest Surviving Porsche Fails to Find New Owner After Auction Blunder

A starting bid of $13 million was heard as $30 million and from there all the wires were crossed. During the auction, the auctioneer caused confusion to both ...


U.S. stocks close low as Wall Street fears recession

All three major U.S. indexes closed down about 3 percentage points, with the blue-chip Dow posting its biggest one-day point drop since October after two-year T...


Trump Dismisses Recession Fears, Says Fed Must Help The Economy

President Donald Trump has dismissed concerns about a recession, offering an optimistic outlook for the economy, saying on Sunday, " I don't think we're having...


Bugatti reveals 1,578bhp Centodieci in tribute to iconic EB110

While still displacing 8.0-litres, the quad-turbo engine's power has been upped from 1 103 kW in the Divo to 1 176 kW or 1 600 pferdestarke (PS). Yes, the...


Huawei's 90-day reprieve expires today, so what now?

The Shenzhen-based telecommunications giant had 90 days to trade with USA partners and the reprieve is ending today. An extension will renew an agreement set ...


Tyson Foods Recalls Weaver Brand Chicken Patty Products

In the meantime, the USDA's Food Safety and Inspection Service has asked that anyone who has purchased these patties discard them immediately or return them...


Hundreds of thousands protest peacefully against Hong Kong extradition bill

Leung also reiterated the peaceful nature of Sunday's march, encouraging all the "brave" protesters - meaning the more radical ones - to partake. "The governm...


Oil rises on U.S. high retail sales

In the latest salvo of the dispute between the world's largest economies, the Chinese government mentioned it "has no choice but to take needed measures to reta...


Honda unveils Acura Type S Concept ahead of Monterey debut

Sources within Acura tell TheDetroitBureau.com that the actual TLX Type S won't make its formal appearance until sometime next year, apparently as a 2021 mode...


NVDA Stock Rebounds Strongly on Impressive Q2 Earnings

NVIDIA (NASDAQ: NVDA ) last posted its quarterly earnings results on Thursday, August 15th. Congress Asset Mngmt Ma holds 0% or 1,365 shares in its portfolio...