Oil markets still pressured by persistent risk of oversupply

Oil traders said prices pulled back after information supplier, Genscape reported that inventories at Cushing, Oklahoma, the delivery hub for USA crude, rose almost 200,000 barrels, or nearly one per cent, from Tuesday to Friday last week. More..

by | Published more than a month ago
White House escalates China trade dispute to secure early breakthrough: John Kemp
by | Saturday, August 04, 2018

White House escalates China trade dispute to secure early breakthrough: John Kemp

But the U.S. Commerce Department reported Friday that the American trade deficit climbed to $46.3 billion in June from $43.2 billion in May. Erin Ennis, senior vice president of the US China Business Coun...More..

Apple Inc. Becomes A Trillion Dollar Company
by | Saturday, August 04, 2018

Apple Inc. Becomes A Trillion Dollar Company

The market reacted to this success and the price of Apple stocks increased. On top of that, it has built a large and fast-growing business with the App Store, iTunes, Apple Music and other services, which p...More..

China plans tariffs after latest U.S. trade threat
by | Saturday, August 04, 2018

China plans tariffs after latest U.S. trade threat

While previously China issued retaliatory tariffs targeting US goods in areas of the USA where President Trump typically finds support, Friday's announcement from China did not identify which USA goods would ...More..

China threatens new tariffs on $60 billion worth of United States goods
by | Friday, August 03, 2018

China threatens new tariffs on $60 billion worth of United States goods

The Trump administration ramped up pressure for trade concessions from Beijing this week by proposing a higher 25 per cent tariff on $270 billion worth of Chinese imports. China on Friday said it was prepared ...More..

Apple hits the $1T milestone
by | Friday, August 03, 2018

Apple hits the $1T milestone

Apple Inc became the first US-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage and later revolutionized the worlds of computing, m...More..

OH to have a sales-tax holiday
by | Friday, August 03, 2018

OH to have a sales-tax holiday

For those who dread facing the crowds, online purchases qualify if you order before 11:59 p.m. Sunday for immediate delivery, even if the goods arrive after the holiday . 1, 2018, at Shopko in West Bend, Wisco...More..

by | Thursday, August 02, 2018

Trump administration ups ante in trade fight with China

We were particularly heartened that Trump and the Europeans now have a handshake agreement to aim for zero tariffs on both sides of the Atlantic. USA threats have escalated since, with the President saying he...More..

Quiet Skies: The TSA’s Problematic & Potentially Illegal Surveillance Program
by | Thursday, August 02, 2018

Quiet Skies: The TSA’s Problematic & Potentially Illegal Surveillance Program

Some Americans have been trailed and closely monitored by undercover air marshals as they traveled on US flights, as part of a previously undisclosed Transportation Security Administration program called Qui...More..

by | Thursday, August 02, 2018

U.S. may slap China with higher tariffs, Beijing vows to retaliate

The change isn't final yet and may not go forward after a public review, the people said. Officials say there will be a comment period for businesses and people affected by the tariffs. Trump has ultimately ...More..

RBI monetary policy: Repo rate hiked by 25 bps
by | Thursday, August 02, 2018

RBI monetary policy: Repo rate hiked by 25 bps

The repo rate has been hiked from 6.25 per cent to 6.5 per cent. Traders said though the market was largely prepared for a rate hike on Wednesday, yields would still shoot up by 5-10 basis points after one, a...More..

Eight experts debate the future of Tesla ahead of earnings
by | Thursday, August 02, 2018

Eight experts debate the future of Tesla ahead of earnings

But with low cash reserves, investors have anxious that Tesla would need to borrow more money to keep the company afloat. Analysts polled by FactSet expected a $2.88 loss per share. "It's fair to say that no ...More..

USA hits Turkish ministers with sanctions over pastor Andrew Brunson
by | Thursday, August 02, 2018

USA hits Turkish ministers with sanctions over pastor Andrew Brunson

Under the sanctions to be imposed by the Treasury Department, any property, or interest in property, belonging to Justice Minister Abdulhamit Gul or Interior Minister Suleyman Soylu within US jurisdiction would...More..

by | Thursday, August 02, 2018

Dollar seesaws vs yen after BOJ tweaks policy

Anglo American, Antofagasta and Glencore fell between 0.8 percent and 1.4 percent. While keeping unchanged its two major benchmarks - the negative interest rate and 10-year yield target - the BoJ took a num...More..

by | Thursday, August 02, 2018

Parasite risk in salads and wraps sold at Kroger, Walgreens, Trader Joe's

The products were produced between July 15 to 18 and have "Best By", "Enjoy by", "Best if Sold By" or "Sell By" dates ranging from July 18 through July 23, 2018. The agency is telling people to be extra cautiou...More..

by | Wednesday, August 01, 2018

RBI hikes repo rates by 25 basis points

Five of the six members on the rate panel voted for a rate increase, Reuters reported. It may be noted that the central bank raised repo rate by 25 bps to 6.25 per cent in June, marking the first hike by the ...More..

Jaguar Land Rover reports £264 million pre-tax loss
by | Wednesday, August 01, 2018

Jaguar Land Rover reports £264 million pre-tax loss

This comes as its subsidiary, Jaguar Land Rover (JLR), posted lower revenues due to fewer vehicles sold in the period. Tata Motors Group has announced its financial results for the quarter ending June 3...More..

Tesla released a limited edition surfboard and it's sold out already
by | Wednesday, August 01, 2018

Tesla released a limited edition surfboard and it's sold out already

Each of these surfboards would have fit your existing or future Tesla auto, but you can't buy them anymore. The boards were made to fit comfortably "on either the inside or outside" of Tesla's own Model S, ...More..

McDonald's fight: New footage shows argument which led to brawl
by | Wednesday, August 01, 2018

McDonald's fight: New footage shows argument which led to brawl

The clip, posted on Instagram by user bxbyness on Wednesday night, was filmed in Las Vegas . According to Dayag, the McDonald's supervisor turned off the soda machine to prevent the woman from filling ...More..

Huawei knocks off Apple to become No. 2 smartphone seller
by | Wednesday, August 01, 2018

Huawei knocks off Apple to become No. 2 smartphone seller

Apple's 41.3 million in sales for the quarter represented just 1 percent year-over-year growth; however, Apple reported Tuesday , its iPhone revenues grew by 20 percent year-over-year. Samsung has been faci...More..

Uber pulling the plug on its self-driving truck operation
by | Wednesday, August 01, 2018

Uber pulling the plug on its self-driving truck operation

In March, the firm said it was suspending self-driving vehicle tests in all North American cities after a fatal accident. The purchase netted Uber the talent of Otto co-founder Anthony Levandowski, the en...More..

Apple closes in on trillion dollar status
by | Wednesday, August 01, 2018

Apple closes in on trillion dollar status

Apple shares have climbed 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. CEO Tim Cook , in an earnings call with analysts, said tha...More..

Homeless Man Hands Out Resumes, Gets More than 200 Job Offers
by | Tuesday, July 31, 2018

Homeless Man Hands Out Resumes, Gets More than 200 Job Offers

Before Scofield drove off, she took a photo of Casarez and his sign. A California homeless man is receiving overwhelming support after a picture of him holding a sign goes viral on Twitter . "The most memora...More..

Harley Davidson to launch new Pan America adventure bike
by | Tuesday, July 31, 2018

Harley Davidson to launch new Pan America adventure bike

With an eye on India, Harley-Davidson has made a decision to go small at a time when it is caught in a bitter trade war initiated by US President Donald Trump . And with sales rising in Asia and India, it said...More..

Vehicle nations mull meeting without U.S. to discuss threat of tariffs
by | Monday, July 30, 2018

Vehicle nations mull meeting without U.S. to discuss threat of tariffs

In the U.S. on Wednesday, Mr Trump and Mr Juncker announced their plan to defuse a festering trade row, that in effect saw Washington back off a threat of auto tariffs against Europe, at least for now. The ...More..

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