Amazon's stock market value hits $900 billion, threatens Apple

This week, Amazon's stock market value reached $900 billion for the first time. Amazon's latest boost, unsurprisingly, was Prime Day. Over 100 million products were purchased during the day-and-a-half event period, helping to make it the most s... More..

by | Published 25 days ago
Trump Administration Investigating Uranium Imports Under National Security Concerns
by | Saturday, July 21, 2018

Trump Administration Investigating Uranium Imports Under National Security Concerns

Navy's nuclear submarines and aircraft carriers, and in the country's nuclear weapons arsenal. The United States has begun investigating whether uranium imports threaten national security, launching a proce...More..

Trump in unorthodox criticism of USA central bank
by | Friday, July 20, 2018

Trump in unorthodox criticism of USA central bank

Trump nominated current Fed Chair Powell, who had served as a governor on the board of the Fed, to serve at its helm after Janet Yellen's retirement in February. While the Fed has raised rates, they remain l...More..

Samsung Galaxy Note 9 could be the last Note
by | Friday, July 20, 2018

Samsung Galaxy Note 9 could be the last Note

From the looks of it, this is a Note 9 prototype that was somehow photographed in the wild. Instagram user lajotatech posted a collage of two images that show the front and rear sides of a Galaxy Note 9 p...More..

British PM wins key Brexit vote despite ‘big’ rebellion..
by | Friday, July 20, 2018

British PM wins key Brexit vote despite ‘big’ rebellion..

In latest opinion polls UKIP has gained several points after its support collapsed in last June's snap general election which led to May losing her majority in the House of Commons. It said it objected to the a...More..

by | Friday, July 20, 2018

Trump trespasses on Fed's independence by blasting Powell's rate hikes

This was not the first time Trump departed from a long-standing practice by United States presidents of respecting the Federal Reserve's independence by refraining from commenting on interest rates or the val...More..

Microsoft thanks the cloud for a far brighter outlook
by | Friday, July 20, 2018

Microsoft thanks the cloud for a far brighter outlook

For the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 billion. Microsoft stock jumped more than 4% in after-hours trading as the company beat ...More..

by | Friday, July 20, 2018

‘Ready to go’ with $500 billion in tariffs on China

In a statement to news channel CNBC , the US President said, "I'm ready to go 500", alluding to the Dollars 505.5 billion in Chinese imports into the US in 2017. The U.S. has identified a further $200 billion ...More..

by | Friday, July 20, 2018

Trump slams rate increases by independent Federal Reserve

The Fed raised interest rates twice this year and Mr. Powell said two more increases are likely before the end of 2018. "I'm not thrilled " the Fed is raising borrowing costs and potentially slowing th...More..

by | Friday, July 20, 2018

I’m ready to put tariffs on every import from China, Trump warns

The FTSE 100 , which had edged up 11 points in early trading, fell almost 18 points to 7,666.00 after Donald Trump told CNBC's Joe Kernen in a Squawk Box interview today that he was prepared to tax all...More..

Oil prices inch lower amid supply relief
by | Friday, July 20, 2018

Oil prices inch lower amid supply relief

Paying heed to the U.S. warnings, Japan will slowly cease the oil imports from Iran . "WTI will likely be buoyed above US$65 and Brent above US$70 for a while, but as uncertainties remain over the trade disp...More..

European Union urges members to be prepared for possible failure of Brexit talks
by | Friday, July 20, 2018

European Union urges members to be prepared for possible failure of Brexit talks

Raab said Britain was on track and he would bring new "energy, vigour and vim" to talks as they get down to wire to find a deal before European Union leaders meet at a summit in October. "The deep division at t...More..

by | Friday, July 20, 2018

Trump 'not happy' with Federal Reserve interest rates

Eventually Burns relented, aiding Nixon but also helping to feed runaway inflation that dogged the US economy for almost a decade. Sure, non-presidents can and often do grouse about the Fed. For years president...More..

by | Thursday, July 19, 2018

Trump says 'not thrilled' about USA interest rate hikes

Presidents have historically avoided criticizing the Fed, which is created to be independent from political interference. Mr Trump has said before that he favours low interest rates, and dismissed concerns ab...More..

by | Thursday, July 19, 2018

Trump to host European Commission president amid trade spat

A study released by a US auto dealer group warned that the tariffs could cut USA auto sales by 2 million vehicles annually and cost more than 117,000 auto dealer jobs, or about 10 percent of the workforce. Th...More..

Trump 'so dissatisfied' with China trade talks, keeping pressure on: Kudlow
by | Thursday, July 19, 2018

Trump 'so dissatisfied' with China trade talks, keeping pressure on: Kudlow

Kudlow said on Wednesday that Xi was "holding the game up". "I think Liu He and others would like to move but haven't". Earlier this month, the White House slapped 25 percent in tariffs on Chinese goods worth...More..

Johnson says it’s not too late save Brexit
by | Thursday, July 19, 2018

Johnson says it’s not too late save Brexit

Sterling rebounded from the day's lows against the dollar after the government sidestepped defeat on the amendment . But the former foreign secretary was mocked by pro-EU MPs. The Commons was only half full ...More..

Bank could play it safe and hold interest rates in August
by | Thursday, July 19, 2018

Bank could play it safe and hold interest rates in August

Among manufacturers, the cost of raw materials - many of them imported - was 10.2 percent higher than in June 2017, the strongest rise in a year and up from growth of 9.6 percent in May. Inflation in the fuel a...More..

US Dollar hits Rs128.50 in interbank market
by | Thursday, July 19, 2018

US Dollar hits Rs128.50 in interbank market

However, on Tuesday the United States dollar illustrated rise of Rs128.40. Since December, a total increase of Rs22 is seen in the value of U.S. dollar. The dollar gained by a further Rs6.75 against the rupee...More..

Walmart and Microsoft expand cloud deal as they compete against Amazon
by | Wednesday, July 18, 2018

Walmart and Microsoft expand cloud deal as they compete against Amazon

Walmart and Microsoft have struck a new partnership and they're very clear about why: to take on Amazon. "Whether it's combined with our agile cloud platform or leveraging machine learning and artificial intell...More..

Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade ZlotoNews
by | Wednesday, July 18, 2018

Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade ZlotoNews

A logo of Qatar Airways is seen at Hamad International Airport in Doha, Qatar June 12, 2017. Speaking at the industry showcase that is the Farnborough International Airshow the Prime Minister promised to ...More..

AirAsia named world's best low-priced airline for 10th straight year
by | Wednesday, July 18, 2018

AirAsia named world's best low-priced airline for 10th straight year

AirAsia was named the World's Best Low-Cost Airline for the 10th year in a row at the 2018 Skytrax World Airline Awards in London July 17, 2018. GettyBest airline in the world: Which airlines came out on top...More..

International Monetary Fund warns: France, Germany and Italy will have the biggest economic slowdowns
by | Wednesday, July 18, 2018

International Monetary Fund warns: France, Germany and Italy will have the biggest economic slowdowns

Mexico struck back swiftly after the United States announced that it would impose 25% and 10% duties on steel and aluminum, introducing its own tariffs on a range of USA products including pork, apples, some st...More..

Mike Pompeo rejects European Union appeal for exemptions in sanctions against Iran
by | Wednesday, July 18, 2018

Mike Pompeo rejects European Union appeal for exemptions in sanctions against Iran

While Secretary of the Treasury Steven Mnuchin says that exemptions from U.S. sanctions against Iran will be considered in certain cases, the European Union is apparently not going to be one of them. Indian sid...More..

Japan, EU agree to sweeping trade deal against tariffs
by | Wednesday, July 18, 2018

Japan, EU agree to sweeping trade deal against tariffs

The trade deal is set to eliminate the "vast majority" of the $1.1 billion in duties that EU companies pay to Japan , according to the European Commission. The major step toward liberalizing trade was discus...More..

by | Wednesday, July 18, 2018

European Union signs biggest ever trade deal and attacks Donald Trump

It also provides a stark counterpoint to US President Donald Trump's aggressive "America First" protectionism, which has seen Washington impose trade tariffs on allies and rivals alike. The price of Europea...More..

Passengers Hospitalized After Ryanair Flight Loses Cabin Pressure
by | Wednesday, July 18, 2018

Passengers Hospitalized After Ryanair Flight Loses Cabin Pressure

Some passengers were reportedly bleeding from their ears. Passengers have complained the airline did little to help them after landing. Another flight this week was forced into an emergency landing after an...More..

CVS apologizes after Chicago manager calls cops on black customer over coupon
by | Wednesday, July 18, 2018

CVS apologizes after Chicago manager calls cops on black customer over coupon

Hudson for her experience in one of our stores", CVS spokesman Mike DeAngelis said in a statement . This is a breaking news story. When Hudson tried to argue her point, Matson called the police . That...More..

Amazon founder Jeff Bezos now richest person in decades
by | Wednesday, July 18, 2018

Amazon founder Jeff Bezos now richest person in decades

As we noted last week, as anticipation for Amazon Prime Day 2018 heated up, Jeff Bezos became $50 billion richer than anyone else on earth. According to Bloomberg Billionaires Index , the Amazon founder...More..

Papa John's Board Kicks Founder Out of His Office
by | Wednesday, July 18, 2018

Papa John's Board Kicks Founder Out of His Office

Schnatter's resignation came after it emerged that he had used the n-word and graphically described lynchings on a call with Papa John's marketing agency. "I can't talk like that even if it's confidential and...More..