Finance

China’s trade surplus with United States hits record high of US$34 billion

China’s trade surplus with United States hits record high of US$34 billion

The monthly trade imbalance, up 10 per cent from the previous record high of US$31.05 billion in August, showed that US President Donald Trump's tariffs on Chinese products had yet to show their des...

by · Finance
Dow industrials sink 831 points as tech stocks plunge

Dow industrials sink 831 points as tech stocks plunge

The S&P 500 ITI fell by 4.8 percent as a whole and much of that is attributable to the heavyweight stocks that fell today. Technology stocks fell especially sharply. Amazon dropped another 2% to $1,...

by · Finance
Inflation in PHL to ease — International Monetary Fund long-term outlook

Inflation in PHL to ease — International Monetary Fund long-term outlook

However, since December 2017, dollar has gone up to Rs138. A second market participant confirmed the central bank was keeping out of the market, effectively letting the currency devalue. ASEAN 5, whic...

by · Finance
Was Your Facebook Account Cloned In Last Week's Breach? Guess Again

Was Your Facebook Account Cloned In Last Week's Breach? Guess Again

The messages, though slightly different in content, all basically say the same thing. Your account isn't sending duplicate friend requests . Users can also report any suspicious activity directly...

by · Finance
Mark Cuban reportedly urged Tesla's Musk to settle SEC fraud charges

Mark Cuban reportedly urged Tesla's Musk to settle SEC fraud charges

Elon Musk and Tesla agreed to a settlement last week in order to resolve the charges filed against Musk of misleading the investors with his tweets about taking Tesla private and that the fundi...

by · Finance
Rupee Hits New All-Time Low Of 73.77 Against Dollar

Rupee Hits New All-Time Low Of 73.77 Against Dollar

It has been continuously pressured this year by higher oil prices. "On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Com...

by · Finance

Amazon will raise company's minimum wage to $15 for all United States employees

Amazon will be raising its minimum wage to $15 for all US employees, the company said in an announcement Tuesday. The corporation revealed its median pay this past spring, under a new law that requ...

by · Finance
Elon Musk resigns as Tesla chairman with multi-million dollar settlement

Elon Musk resigns as Tesla chairman with multi-million dollar settlement

Musk will remain Tesla CEO after settling SEC fraud charges over his infamous "funding secured" tweet about taking the auto firm private. Musk and Tesla were also fined $20million each. However...

by · Finance
Instagram's co-founders are leaving Facebook

Instagram's co-founders are leaving Facebook

In 2016 it added the ability to post slideshows that disappear in 24 hours, a copy of Snapchat's popular "stories" feature . Facebook doesn't disclose how much money Instagram pulls in, thoug...

by · Finance
OPEC, Russia rebuff Trump’s call for immediate boost to oil output

OPEC, Russia rebuff Trump’s call for immediate boost to oil output

The refusal to immediately increase production combined with a bullish long-term chart pattern is helping to fuel today's rally. South Korea has bought no Iranian crude oil for about three months ...

by · Finance
Air scare: Jet Airways extends full cooperation to DGCA over probe

Air scare: Jet Airways extends full cooperation to DGCA over probe

The Ministry of Civil Aviation (MoCA) has sought a report from the Directorate General of Civil Aviation over the incident wherein loss of cabin pressure caused a scare on board Jet Airways flig...

by · Finance
United States crude rises 1.4% on signs OPEC will not boost output

United States crude rises 1.4% on signs OPEC will not boost output

Oil prices were steady on Wednesday as concerns that producers will not be able to respond to a shortfall in supply once US sanctions on Iran are enacted outweighed a gain in stockpiles in the Unite...

by · Finance
Brexit border backstop plan will be spectacular political auto crash

Brexit border backstop plan will be spectacular political auto crash

Speaking to BBC Panorama, she said: "I think that the alternative to that will be having no deal". Many economists say leaving the European Union without a deal would be economically devastating f...

by · Finance
Trump Readies Tariffs on $200 Billion More Chinese Goods

Trump Readies Tariffs on $200 Billion More Chinese Goods

In a statement , the United States president said further tariffs worth $267bn (£203bn) will be placed on Chinese imports if Beijing takes "retaliatory action against our farmers or other industries"...

by · Finance

Time magazine sold for $190 million to tech couple

The deal, first reported by The Wall Street Journal , comes nearly eight months after Meredith finalized its purchase of Time Inc . The Benioffs said they won't be involved in day-to-day operati...

by · Finance
Strawberry crisis deepens: Six brands recalled after more needles found

Strawberry crisis deepens: Six brands recalled after more needles found

The discovery of sewing needles hidden inside strawberries has prompted a food recall in Queensland . The 21 year old was taken into hospital with "severe abdominal pain" after swallowing half a n...

by · Finance
Canada’s Freeland returns to Washington for NAFTA talks

Canada’s Freeland returns to Washington for NAFTA talks

Rather, they're following the standard political economist playbook: protect those industries and sectors that can help carry Trudeau to another win in the federal elections 13 months from now. "Witho...

by · Finance
Kshama Sawant responds to Jeff Bezos' $2 billion charitable fund

Kshama Sawant responds to Jeff Bezos' $2 billion charitable fund

Some analysts have suggested Amazon could face antitrust scrutiny over its growing power in the economy, and President Donald Trump has accused the company of taking advantage of the Postal Service, d...

by · Finance
Petrol Touches Rs.90.11 In This City

Petrol Touches Rs.90.11 In This City

Since mid-August, petrol price has risen by Rs 3.24 a litre and diesel by Rs 3.74 per litre as rupee hit record low against the United States dollar , making imports costlier. Fuel prices in Delhi ...

by · Finance
Alibaba's Jack Ma to step down in September 2019

Alibaba's Jack Ma to step down in September 2019

Ma will officially pass the baton on his 55th birthday next year but remain on the board until 2020. The group has the ability to nominate the majority of directors on the company's board, and now f...

by · Finance
Tesla chief Elon Musk smokes marijuana on live web show

Tesla chief Elon Musk smokes marijuana on live web show

Tesla Inc shares fell almost nine percent on Friday as the resignation of its chief accounting officer after just a month at work spooked investors amid another social media storm around billionaire ...

by · Finance
Financial data of nearly 400,000 British Airways customers stolen in data breach

Financial data of nearly 400,000 British Airways customers stolen in data breach

BA says the breach relates to bookings made between 10.58pm on August 21 and 9.45pm on September 5. Information stolen includes customer names, email addresses, home addresses and payment card inf...

by · Finance
Trump fires back at Apple: Make your products in US

Trump fires back at Apple: Make your products in US

Talk of the bonus $267bn tariff package comes as the White House has yet to settle all of the specifics of the planned $200bn tariff prospoals - which, as we said, would follow up that earlier $50bn...

by · Finance
China's richest man Jack Ma will retire on Monday

China's richest man Jack Ma will retire on Monday

The company went public on the New York Stock Exchange in 2014 and has a market value of about $421 billion. Ma, who boasts a net worth of almost $40 billion(€34 billion), making him China's riches...

by · Finance
Trump calls for a fair trade deal with Canada

Trump calls for a fair trade deal with Canada

Trump and saying ... we haven't delivered a one-sided crushing defeat for Canada , what we've got is an agreement that is good for all parties", says Gordon Ritchie, a former Canadian ambassador for ...

by · Finance