Apple becomes the world's first TRILLION dollar company

Indeed, as we pointed out yesterday , the company managed to grow its revenue by a whopping 17 percent year-over-year to a total of $53.3 billion in the third quarter of 2018. However, not too behind as another United States company Amazon is also... More..

by | Published 12 days ago
Oil prices fall as OPEC increases production
by | Thursday, August 02, 2018

Oil prices fall as OPEC increases production

Crude is poised for the biggest monthly loss in a year as simmering trade tensions between the USA and China pushed prices lower at a time when American shale output continues to surge. The sharp fall in United...More..

Alberta mom served cleaning solution instead of latte, McDonald's says sorry
by | Thursday, August 02, 2018

Alberta mom served cleaning solution instead of latte, McDonald's says sorry

It turns out the machine was being cleaned and that the milk supply line was left connected to some cleaning solution while the drink was made. Alberta Health Services say they're aware of what happened and...More..

Chipotle shuts OH restaurant after reports of illness
by | Thursday, August 02, 2018

Chipotle shuts OH restaurant after reports of illness

People reported symptoms such as vomiting, nausea, and fever to the website. OH health officials have launched an investigation of Chipotle Mexican Grill after multiple cases of illnesses have been repo...More..

Wisconsin's 5-day sales tax holiday begins
by | Thursday, August 02, 2018

Wisconsin's 5-day sales tax holiday begins

Rick Scott, with taxes lifted on the first $1,000 of the cost of personal computers and related accessories. During those three days, shoppers will not have to pay sales taxes on clothes costing less than $75 p...More..

Bank of England set to raise rates to highest level since 2009
by | Thursday, August 02, 2018

Bank of England set to raise rates to highest level since 2009

Simultaneously, it raised average inflation projection for 2018 second half from 4.7% in June to 4.8%. The central has also projected the GDP growth for first quarter of the next financial year at 2019-20 at 7....More..

Apple is the first $1 trillion company in history
by | Thursday, August 02, 2018

Apple is the first $1 trillion company in history

The $1 trillion milestone is largely symbolic, though impressive. The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion . In 2006, the year before the iPh...More..

by | Thursday, August 02, 2018

Trump threatens higher tariffs on China

US Trade Representative Robert Lighthizer said on Twitter that the measure sought to "urge China to stop its unfair practices, open its markets, and engage in true market competition". "The U.S. unilaterally ...More..

by | Thursday, August 02, 2018

Google plans censored version of search engine in China

Google has been planning to launch a censored version of its search engine in China under a project code-named Dragonfly, according to documents obtained by The Intercept . Google pulled its search service o...More..

Dixons Carphone says 2017 cyber attack was much bigger than it thought
by | Thursday, August 02, 2018

Dixons Carphone says 2017 cyber attack was much bigger than it thought

After discovering the hack, Dixons opened an investigation which is nearing completion where it identified that approximately 10m records could have been accessed in 2017. Dixons said it had closed off the un...More..

by | Thursday, August 02, 2018

Interest rate rise: lack of dissenting voices came as a surprise

Why is the Bank raising rates? "Rising trade protectionism poses a grave risk to near-term and long-term global growth prospects by adversely impacting investment, disrupting global supply chains and hamperi...More..

Tyson foods blames trade war as it cuts 2018 profit forecast
by | Thursday, August 02, 2018

Tyson foods blames trade war as it cuts 2018 profit forecast

The stock showed monthly performance of -8.26%. Amid the previous 3-months, the stock performs -10.92 percent, conveying six-month performance to -20.72 percent. However, as 52 Week Range has little to no conne...More..

by | Thursday, August 02, 2018

Bank of England raises interest rates to 0.75% - highest level since 2009

India's annual consumer inflation hit 5 percent in June, the eighth straight month it topped the RBI's medium-term 4 percent target. But he also said the Bank may have taken an "unnecessary risk", saying: "Re...More..

OnePlus 6 sales helped OnePlus beat Samsung in India’s premium market
by | Thursday, August 02, 2018

OnePlus 6 sales helped OnePlus beat Samsung in India’s premium market

Samsung have been leading the market in smartphone production, but according to industry analysts, Apple have now been overtaken by Chinese manufacturer Huawei as the second most popular smartphone makers ...More..

Batches of Durex condoms recalled over fears they may burst
by | Thursday, August 02, 2018

Batches of Durex condoms recalled over fears they may burst

Manufacturer Reckitt Benckiser said its safety tests had shown that a "limited number" of condoms "do not pass the requirements for burst pressure towards the end of [their] shelf life", which means "there co...More..

by | Thursday, August 02, 2018

Frustrated Over China Trade War Progress, Trump Considers Escalation

A foreign ministry spokesperson, Geng Shuang , said Beijing was ready for "dialogue and consultation" to defuse the escalating dispute. In response, Chinese authorities have warned the USA against " blackmai...More..

Lawmakers demand answers on ‘Quiet Skies’ surveillance program after Globe report
by | Thursday, August 02, 2018

Lawmakers demand answers on ‘Quiet Skies’ surveillance program after Globe report

Officials then look at the data and determine whether the passenger should be observed by air marshals. Air Marshals are raising concerns about the program stating that it could be in violation of the constit...More..

by | Thursday, August 02, 2018

White House needs to increase tariffs on Chinese goods: Wilbur Ross

Erin Ennis, senior vice president of the U.S. China Business Council, said a 10 percent tariff on these products is already problematic, but more than doubling that to 25 percent would be much worse. The Trum...More..

RBI hikes lending rate, loans likely to become dearer
by | Thursday, August 02, 2018

RBI hikes lending rate, loans likely to become dearer

The following hike by the RBI comes after it had raised the repo rate for the first time in four years to 6.25%. Even so, the central bank wins points for hiking rates proactively by pre-empting the impact....More..

Tesla burns $739.5 million in cash on way to record 2Q loss
by | Thursday, August 02, 2018

Tesla burns $739.5 million in cash on way to record 2Q loss

Tesla stock climbed as much as 5.7 per cent to US$317.95 as of 5 p.m.in NY. Although Tesla is burning through less cash, it continues to lose money. Investors have been eager to see Tesla's latest financ...More..

by | Thursday, August 02, 2018

World stocks dip before central bank test; Japan bonds down

But there is uncertainty over how long it can sustain the current ultra-easy policy given the strain near-zero rates are inflicting on Japanese banks and the bond market. German and Spanish inflation remained...More..

United States slaps sanctions on top Turkish officials over detained pastor
by | Thursday, August 02, 2018

United States slaps sanctions on top Turkish officials over detained pastor

Turkey issued a written statement to "protest" the new sanctions. The administration said the two sanctioned officials - Turkey's Minister of Justice Abdulhamit Gul and Minister of Interior Suleyman Soylu - b...More..

by | Wednesday, August 01, 2018

Parasite scare sparks recall for salads, wraps sold at Trader Joe's, Walgreens

The Cyclospora parasite causes cyclosporiasis, characterized by vomiting and "explosive" diarrhea a week or even more than a month after eating the offending food. News of the recall comes after a cyclospora...More..

UN panel finds further evidence of Iran link to Houthi missiles
by | Wednesday, August 01, 2018

UN panel finds further evidence of Iran link to Houthi missiles

Early Wednesday, al-Houthi tweeted again, saying they have halted naval operations for two weeks. The Emirati armed forces say Houthi rebels used these Iranian-made anti-tank missiles, seen on June 19, 2018 i...More..

Tata Motors Reports Loss Of Rs 1,902 Crore In June Quarter
by | Wednesday, August 01, 2018

Tata Motors Reports Loss Of Rs 1,902 Crore In June Quarter

Towards this, we will step up all round execution. India's Tata Motors reported its first quarterly loss in almost three years on Tuesday as its British unit Jaguar Land Rover sold fewer of its luxury...More..

by | Wednesday, August 01, 2018

OnePlus Announces New Rs 1,500 Cashback Offer on OnePlus 6

For purchases on Amazon India with exchange, customers will get an extra Rs 1,500 as exchange value when buying the OnePlus 6. The OnePlus 6 comes in four colours: Red, Silk White, Mirror Black, and Midni...More..

by | Wednesday, August 01, 2018

Chipotle sickness: Hundreds report possible illness after eating at OH restaurant

The illnesses prompted Chipotle to close at least one restaurant on Monday. Public information officer Traci Whittaker said the department was investigating food samples from the outlet, but is still not awar...More..

by | Wednesday, August 01, 2018

China warns of retaliation if US takes more trade steps

A source tells Reuters: the administration plans to bump up proposed tariffs from an initial 10 percent to 25 percent on 200 billion dollars of imported Chinese goods . China responded by posing the same lev...More..

by | Wednesday, August 01, 2018

RBI monetary policy: Repo rate hiked by 25 bps

For the July-September quarter, RBI pegged CPI-based retail inflation at 4.2 per cent which it sees firming up further to 4.8 per cent in the second half of the current fiscal. Regional distribution of monsoon ...More..

by | Wednesday, August 01, 2018

MoviePass Raising Prices And Limiting Availability For Big New Releases

The reason? MoviePass was unable to pay their bills , meaning their service providers stopped providing services. If by some wing and a prayer MoviePass miraculously survives this, God knows all of this is t...More..