Economy

Global stocks, oil suffer as U.S.-China trade spat heats up

Global stocks, oil suffer as U.S.-China trade spat heats up To respond to Trump's threat to impose tariffs on as much as $250 billion worth of Chinese goods, Beijing would have to find other ways to respond. While on the campaign trail, Trump has repeatedly criticized China's economic and trade practices. [Full Article...]

Audi CEO arrested in Germany over diesel scandal

Audi CEO arrested in Germany over diesel scandal Prosecutors in the Bavarian state said the arrest was justified because of the "risk of concealment of evidence". Stadler, 55, has been placed on leave after Munich prosecutors took him into custody in the early hours at his home in Ingolstadt, Germany, they said. [Full Article...]

China trade tensions escalate as Trump approves $50bn of tariffs

China trade tensions escalate as Trump approves $50bn of tariffs Soybeans are China's biggest import from the United States by value. The administration is asking for input on an additional $16 billion in products that it wants to slap tariffs on also. Such a move, it said, "seriously infringes upon the legitimate rights and interests of the Chinese side and undermines the interests of China and its people". [Full Article...]

Federal Bureau of Investigation report: Anti-Trump texts 'cast a cloud' over email probe

Federal Bureau of Investigation report: Anti-Trump texts 'cast a cloud' over email probe For example, the minority leaders of the House Judiciary and Oversight Committees cited Comey's choice to reveal the FBI's investigation into Clinton but not its counterintelligence investigation into Trump aides' ties to Russians. "Good Instincts. [FBI Director] Christopher Wray will bring it proudly back!" The report says the exchange is "indicative of a biased state of mind" and "implies ... [Full Article...]

Record US oil production drags crude oil prices

Record US oil production drags crude oil prices Most of that non-OPEC supply growth would come from the USA, it said. Crude oil prices were mixed in European trading Thursday morning as the market searched for signals on how OPEC will resolve rising divisions over the future of the production cut agreement, and digested a surprise drop in USA crude stocks. [Full Article...]

ECB lifts inflation forecast as it ends stimulus

ECB lifts inflation forecast as it ends stimulus Interest rates remained unchanged at the ECB's June meeting. There are also so investors who believe the European Central Bank will refrain from signaling changes to its stimulus program given the potential for renewed tensions in Italy and Spain as well as recent weaker-than-expected economic data in the Euro Zone. [Full Article...]

Average worker can't afford 2-bedroom apartment anywhere in US, report says

Average worker can't afford 2-bedroom apartment anywhere in US, report says The report's Housing Wage is an estimate of the hourly wage a full-time worker must earn to afford a rental home at HUD's fair market rent (FMR) without spending more than 30 percent of his or her income on housing costs. The eight failing common means of employment like food preparation ($9.40), retail salesperson ($10.41), cashiers ($9.33), laborers and freight movers ($12.66), waiters ($9.45),... [Full Article...]

Cryptocurrency tether used to boost bitcoin prices, study finds

Cryptocurrency tether used to boost bitcoin prices, study finds Again, in plain language: in periods right after the bitcoin price falls and Tether mints a bunch more USDT , that's when it's clear that somebody ( who could it be?! ) is artificially pushing the bitcoin price back up. Speculation has long held that Bitcoin's value was being propped up by Tether - and Gizmodo found that a sudden rebound in the former's price in February coincided wit... [Full Article...]

Can Elon Musk’s company really build Chicago’s high-speed Loop?

Can Elon Musk’s company really build Chicago’s high-speed Loop? The new rail line, or Chicago Express Loop , will see 12-minute trips in electric vehicles called "skates", from the airport's new terminals to the Block 37 super-station downtown. According to the Boring Company , the skates would have Wi-Fi and be large enough to hold passengers and cargo. Musk is banking on being able to tunnel much faster than any other company, although his technology r... [Full Article...]

Fed Lifts Interest Rates, Expects 3.6% Unemployment

Fed Lifts Interest Rates, Expects 3.6% Unemployment In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 per cent and 2 percent, the Fed dropped its pledge to keep rates low enough to stimulate the economy "for some time" and signalled it would tolerate above-target inflation at least through 2020. [Full Article...]

Tesla cuts 9% of workforce: Musk shares full "reorg" letter

Tesla cuts 9% of workforce: Musk shares full Tesla said the more than 3,000 cuts would affect mostly salaried employees, excluding workers producing its cars. Musk in the email thanked the employees leaving the company and said the individuals will receive compensation. Shares in the company rose as much as 7 per cent on Tuesday, although they fell back to stand just 3 per cent higher on the day after Musk's announcement. [Full Article...]

Amazon Expanding Whole Foods Discounts To 10 More States

Amazon Expanding Whole Foods Discounts To 10 More States Amazon's invasion of Whole Foods Market will continue unabated this week. Amazon and Whole Foods made the announcement Tuesday morning Prime members can receive two-hour delivery for free for orders of $35 or more. Customers can shop from thousands of items including produce, bakery, dairy, meat and seafood, floral and everyday staples from Whole Foods at www.primenow.com or by using the Prime... [Full Article...]

Domino's Repaves Roads to Save Pizza

Domino's Repaves Roads to Save Pizza The initiative is aimed at 'saving pizza.' Picture courtesy of Domino's Pizza ."Have you ever hit a pothole and instantly cringed?" Domino's Pizza is stepping in to help fix America's infrastructure - filling potholes to make sure your pies make it home safely. [Full Article...]

Federal judge approves AT&T-Time Warner merger

Federal judge approves AT&T-Time Warner merger Leon also said it would be harmful for him to put a temporary stay on the merger while the government appeals his decision, if it does so. Leon said the government's theory that the merger would give the combined company too much leverage in programming negotiations was "plagued by inconsistencies" and contradicted by the Justice Department's own evidence. [Full Article...]

Kim: North Korean Leader Says Summit Like Being in a Sci-Fi Movie

Kim: North Korean Leader Says Summit Like Being in a Sci-Fi Movie Thirteen seconds. That's how long the American and North Korean leaders shook hands at the start of their summit on Tuesday. Mr Trump said he was feeling "really great" and Mr Kim said North Korea and the USA had overcome obstacles to be able to hold talks, saying it "was not easy to get here". [Full Article...]

S.Korean exchange Coinrail says hit by hackers, bitcoin slides

S.Korean exchange Coinrail says hit by hackers, bitcoin slides Enthusiasm for virtual currencies has waned partly due to a string of cyber heists, including the almost US$500 million theft from Japanese exchange Coincheck Inc.in late January. To protect its other assets, Coinrail said , it moved them to a "cold wallet" that isn't connected to the Internet. In South Korea, 14 major local cryptocurrency exchanges adopted measures aimed at better protecting... [Full Article...]

Trump predicts ‘tremendous success’ for historic summit

Trump predicts ‘tremendous success’ for historic summit U.S. President Donald Trump flanked by Secretary of State Mike Pompeo and White House Chief of Staff John Kelly attend a lunch with Singapore's Prime Minister Lee Hsien Loong and officials at the Istana in Singapore , June 11, 2018. Speaking with reporters beforehand, Trump was buoyant about the meeting's prospects, predicting that the two would share a "tremendously successful" discussion. [Full Article...]

The Trump-Kim meeting that wasn't: weird scenes at chilli crab restaurant

The Trump-Kim meeting that wasn't: weird scenes at chilli crab restaurant And Secretary of State Mike Pompeo sought to keep expectations for the summit in check. The White House also announced Trump would be leaving Singapore earlier than previously expected and holding a media availability ahead of his departure. [Full Article...]

Trump finds time to tweet before meeting with Kim Jong Un

Trump finds time to tweet before meeting with Kim Jong Un Cha made the comment in April to the House Foreign Affairs Committee, arguing that "a preventative unilateral attack by the United States on North Korea" would need congressional approval and take into "sober account" the possibility of counterstrikes targeting the 350,000 USA military personnel and other Americans living in Japan and South Korea . [Full Article...]

North Korea gets first dose of Trump summit news

North Korea gets first dose of Trump summit news However, Watanabe of the Sasakawa Peace Foundation said it's time for Japan to reach out to North Korea on its own instead of counting on the mercurial Trump to mediate an Abe-Kim summit. His first stop was a waterfront park with futuristic installations, Gardens by the Bay, which boasts the largest glass greenhouse and tallest indoor waterfall in the world. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195  Next »