Finance

Trump, EU trade deal averts trade war, tariffs

Trump, EU trade deal averts trade war, tariffs

Vehicle tariffs would be particularly painful for Germany, where the industry is huge and has always been the symbol of post-war wealth. "No man is an island here when it comes to the business of seaf...

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Facebook just had its worst week in the company’s history

Facebook just had its worst week in the company’s history

MarketWatch reports the decline, which erased about $120 billion United States dollars in market value, is both the largest single-day percentage drop ever and the largest market value loss in a si...

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Despite relief offer from Trump, Missouri farmers feel tariff crunch

Despite relief offer from Trump, Missouri farmers feel tariff crunch

This is why we agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods. He has slapped taxes on imported steel and a...

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Donald Trump: 'Tariffs are the greatest!'

Donald Trump: 'Tariffs are the greatest!'

It's as simple as that - and everybody's talking! The US will also buy crops such as fruits and nuts, distributing them to food banks and other government nutrition programmes. As just one example o...

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US Challenges Retaliatory Tariffs Imposed By 5 WTO Members

US Challenges Retaliatory Tariffs Imposed By 5 WTO Members

China insists today that the trade war started by the United States is a clash between unilateralism and multilateralism , as well as between power and norms. If the winning party does not import sa...

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Trump or cheap Iran oil: Dilemma facing fastest growing user

Trump or cheap Iran oil: Dilemma facing fastest growing user

US WTI traded at $67.07, while Brent crude was trading down at $72.33. After the US pulled back from the 2015 Iran Nuclear Deal, US warned other nations including Japan to cease oil imports from I...

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Comcast ups Sky bid to $34 billion, escalating battle with Rupert Murdoch

Comcast ups Sky bid to $34 billion, escalating battle with Rupert Murdoch

Fox raised its bid to 14 pounds ($18.58) a share as it seeks the 61 percent of Sky not already under its control. Although the figure now looks to be untouchable, Comcast is expected to reply with it...

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Trump readies tariffs on another $US200m of Chinese goods

Trump readies tariffs on another $US200m of Chinese goods

The U-S president has long criticized China for what he calls unfair trade practices. The tariffs will not be imposed until after a two-month period of public comment on the proposed list, but some ...

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Elon Musk's SpaceX making 'kid-sized submarine' for Thailand cave rescue

Elon Musk's SpaceX making 'kid-sized submarine' for Thailand cave rescue

Monsoon flooding cut off their escape and prevented rescuers from finding them for nine days. Powerwalls. However, it is now unclear if Thai officials will accept Musk's help. Among his tweets abo...

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Iran sees oil price hitting $100 amid supply disruptions

Iran sees oil price hitting $100 amid supply disruptions

However, there's no question that with US gasoline prices climbing above $3 per gallon in many states, Trump has come under increasing pressure to come up with a solution, and as such, his liaison...

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Trump Claims Saudi Arabia Will Boost Oil Production

Trump Claims Saudi Arabia Will Boost Oil Production

Saudi Arabia is said to have spare capacity of 2 million barrels per day, but it's not clear whether that much could be available immediately. The deteriorating political situation in Venezuela and...

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Amazon Prime Day to give Indian customers many firsts

Amazon Prime Day to give Indian customers many firsts

Amazon does offer a month's free trial aswell before you decide to sign up properly. You will need an Amazon Prime account to take advantage of any Amazon Prime deals . "We hope that Prime Day ...

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LeBron James’ $154 Million LA Lakers Decision Helps Drive Sales for Fanatics

LeBron James’ $154 Million LA Lakers Decision Helps Drive Sales for Fanatics

And that's before we discuss how they might - or might not - mesh on the court with the former Cavaliers superstar. Jenkins broke the news of James returning to Cleveland in 2014 and this time, he h...

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Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

But Harley-Davidson's plight in Europe drew fresh interest from French Parliament member Eric Straumann, who contacted Levatich to propose a new factory on the French-German border in Alsace. "Harley-...

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President says GOP lawmakers should 'stop wasting time' on immigration

President says GOP lawmakers should 'stop wasting time' on immigration

The Kansas Republican spent 90 minutes at the center and described it as a camp providing good food and medical care. NPR's Mara Liasson brought up the matter of voting on Deferred Action for Childh...

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COMMENT: Harley-Davidson hits Trump where it hurts most -- his ego

COMMENT: Harley-Davidson hits Trump where it hurts most -- his ego

Harley-Davidson said Monday that the E.U.'s action increased the tariffs on its motorcycles "from 6 percent to 31 percent". Harley announced Monday that because of the European Union's new tariff...

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Canada becomes second country to legalize recreational marijuana at federal level

Canada becomes second country to legalize recreational marijuana at federal level

The senate has passed a bill to legalize recreational marijuana (cannabis). "And therefore we do not want to encourage in any way people to engage in that behaviour until the law is changed". Mari...

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Energy Stocks To Watch Ahead Of OPEC Meetings

Oman's oil minister Mohammed bin Hamad Al-Rumhy said he believed Iran would agree to an output increase on Friday. The kingdom's plan involves a complex calculation based on how much the group...

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S.Korea's Bithumb loses $32 mln in digital money heist

S.Korea's Bithumb loses $32 mln in digital money heist

Ethereum fell about the same, while bitcoin cash and Litecoin dropped more than 2%. This is the second time in a week a South-Korean trading platform of this scale has been hacked, which has again...

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European Union tariffs on USA goods come into force

European Union tariffs on USA goods come into force

That comes after the US put a 25 percent tariff on $34 billion of Chinese goods, to which Beijing responded by imposing an identical charge on the same amount of American goods. Thus, it's unclear wha...

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What the Supreme Court sales tax ruling means for New Yorkers

What the Supreme Court sales tax ruling means for New Yorkers

The 5-4 vote overturns the 1992 Quill versus North Dakota ruling that a company needed a physical presence in the state to be taxed. "Each year, the physical presence rule becomes further remove...

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Trump calls for US$200B more tariffs on China; US futures drop

Trump calls for US$200B more tariffs on China; US futures drop

China's Commerce Ministry fired back in a statement , "The United States has kept changing its mind and now launched a trade war ". The threat of a growing trade conflict with China hit financial ...

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U.S. stock markets fall sharply amid fears of global trade war

U.S. stock markets fall sharply amid fears of global trade war

Trump is ratcheting up the pressure on China as he's trying to convince US lawmakers to let Chinese telecom company ZTE Corp. remain in business. China's Commerce Ministry criticized the White H...

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Audi CEO Rupert Stadler arrested over emissions scandal

Audi CEO Rupert Stadler arrested over emissions scandal

Audi said in a statement last week that it was "cooperating with the authorities" in the probe. The move follows a search last week of Stadler's private residence, ordered by Munich prosecutors i...

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Domino's Pizza is paving the nation's potholes, but not Michigan's

Domino's Pizza is paving the nation's potholes, but not Michigan's

If you're convinced you reside in an area with roads that only a pizza restaurant chain could reasonably fix, you can hit up the Paving for Pizza site to request their services in your town. The com...

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