https://media.townhall.com/townhall/reu/ha/2018\200\e648f739-9ba6-4d86-8e4c-0aa1fd4668dc.jpg

Markets

The slide comes amid a deepening U.S. It slipped Friday against the Chinese currency and was expected to extend its steady decline, providing Beijing with a buffer against punitive U.S. "As Chinese financial conditions further deteriorate and market stress worsens, we actually perversely push closer to the risk-asset positive outcome of escalated PBOC stimulus and easing measures", said Charlie McElligott, a strategist with Nomura's equities group, in a note to clients Thursday.
  • Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed

    Markets

    Trump complained that China's currency is "dropping like a rock". In particular, the Fed's most recent rate hikes could dissolve some of the benefit of the tax cuts Trump signed into law previous year. "Following falls in U.S. shares and ahead of the weekend, sales for position-adjustment reasons are seen overwhelming the market", SBI Securities said in a commentary.
  • State governors delve into foreign diplomacy on trade war

    State governors delve into foreign diplomacy on trade war

    Markets

    Its complaint to the organization, which oversees global trade rules, comes less than one week after the USA government proposed 10 percent tariffs on a $200 billion list of Chinese goods, to take effect in September at the earliest. The Chinese ministry called on the United States to stop violating the rules of global trade. Why is China going to the WTO? A prior notice indicated a plan to increase the 25% tariff to $50 billion worth of goods (an additional $16 billion on Chinese goods ).
  • Saudi won't up oil export in July in blow to Trump

    Saudi won't up oil export in July in blow to Trump

    Markets

    The sources did not disclose how much of June's 100,000 barrel per day (bpd) increase came from stocks. The market also got a boost from reports rebels in Yemen attacked an oil facility in Saudi Arabia , Kilduff told CNBC. The price of U.S. crude oil is continuing on its downward path Thursday after a modest rally Wednesday on news that USA demand for gasoline and distillates remains buoyant.
  • Trump says EU taking advantage of US with $5 billion Google fine

    Trump says EU taking advantage of US with $5 billion Google fine

    Markets

    The president tweeted: "I told you so!" But it's not going to be easy to just ditch Android , and one of Bloomberg's sources actually suggests the company may not be that serious about the idea - calling it a "senior-engineer retention project" created to keep Google's talent busy so they don't go and join rival companies.
  • 'Brexit continues to mean Brexit': May presses on with her plan

    'Brexit continues to mean Brexit': May presses on with her plan

    Markets

    The ex-foreign secretary said the government had become " lost in a fog of self-doubt " during his first speech to MPs since he resigned last week. May said her government has begun negotiations with the European Union based on her hard-won Brexit plan and that there was still enough time to negotiate a Brexit deal with Brussels before Britain leaves the EU in March 2019.
  • Inflation figures cast doubt over interest rate rise

    Inflation figures cast doubt over interest rate rise

    Markets

    On a monthly basis, consumer prices remained flat in June versus the expected increase of 0.2 percent. Especially, prices of recreational and cultural items dropped last month, while clothing and footwear prices fell 2.1 percent, against the expectation of a rise, based on evidence from the BRC shop price index.
  • Papa John's Board Kicks Founder Out of His Office

    Papa John's Board Kicks Founder Out of His Office

    Markets

    In a press release on Sunday, Papa John's said that the company will be terminating a sublease agreement with Schnatter, which allowed him to use office space in headquarters in Louisville, Kentucky. "I, of course said no - which is a truthful statement as those of you who know me well will attest and of course, if you felt otherwise you would not be sitting on the Papa John board".
  • Papa John's founder throws shade at NFL, Roger Goodell

    Papa John's founder throws shade at NFL, Roger Goodell

    Markets

    In addition to appearing in TV ads in the past, Schnatter's image has been on packaging and in a logo that usually is all over the website of the Louisville, Kentucky-based company. Marketing consultant Eric Schiffer told the Post , "No one is going to care about this in a month". "These are your local owners and operators who do so much in your community".
  • May wins parliament vote on EU trade laws

    May wins parliament vote on EU trade laws

    Markets

    Their mutiny came 24 hours after Mrs May caved in to hardline Tory Eurosceptics to back an amendment which critics says effectively kills off her compromise Brexit Chequers plan. It detailed how "m$3 ore than 100 Eurosceptic Tory MPs are now on a WhatsApp group co-ordinated by former Brexit minister Steve Baker who is giving them voting instructions".
  • Netflix plunges as subscriber growth disappoints

    Markets

    For this quarter, Netflix added 4.5 million subscribers internationally, equivalent to an 8% growth. Much of that rise came from a growing confidence among investors that the company's seemingly flawless execution on its growth plans would continue.
  • What the Tech? Amazon's

    What the Tech? Amazon's "Prime Shopping Day" prime= shopping= day =

    Markets

    The online retail giant's annual flash sales event will last 36 hours, beginning at midday on Monday and lasting until midnight on Tuesday July 17. "We are excited to partner with Honor to announce offers on Honor 7X , Honor View 10 and Honor 7C exclusively for our members this Prime Day".
  • Prime Day 2018: How to get the best deals, starting Monday

    Prime Day 2018: How to get the best deals, starting Monday

    Markets

    Two variants of the selfie-centred Xiaomi Redmi Y2 will also go on sale during the Amazon Prime Day 2018 from 1:00 pm. While Prime Day brings in more revenue for Amazon, too, it also helps boost its Prime memberships. Amazon's in-house products like Kindle , Echo , Fire TV Stick - among others - are also being offered up for good deals and discounts. "Prime members in India can enjoy over 200 exclusive product launches, thousands of deals at the lowest prices of the year and ...
  • China does not need U.S. soybeans for state reserves - Sinograin official

    China does not need U.S. soybeans for state reserves - Sinograin official

    Markets

    China's retaliatory tariffs on USA soya beans, threatened for weeks and enacted Friday, have driven down prices and triggered a wave of bargain shopping by importers in other countries stocking up on cheap U.S. Chinese buyers have not been buying American soybeans at the same rate this year, and producers are leery to ship them for fear the shipment may not be accepted when it reaches China, University of Arkansas agriculture economist Bob Stark told Talk Business & Politics earlier this week.
  • Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine

    Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine

    Markets

    This set Musk on a Twitter rampage - which have become all too common for the 47-year-old entrepreneur. Since then, he has been arguing with people who accuse him of shoehorning himself into the drama and imagining hypotheticals in which rescuers had not deemed his hastily built submarine unnecessary and impractical.
  • ZTE lives on: US Commerce Dept. lifts ban

    ZTE lives on: US Commerce Dept. lifts ban

    Markets

    Soon after, the U.S. had come up with a proposal that states that if China recruits compliance team hand-picked by the USA, pays a whopping penalty of $1 billion, deposits $400 million in the holding account for the violations of the laws in the future, and redesigns the board of management, the U.S.
  • Justice department to appeal against AT&T's $81bn takeover of Time Warner

    Justice department to appeal against AT&T's $81bn takeover of Time Warner

    Markets

    Almost a month after the merger was approved, the Department of Justice now says it will appeal the AT&T and Time Warner deal. AT&T Chief Executive Randall Stephenson told reporters on Thursday at a conference in Sun Valley, Idaho, that the company was not surprised about the Justice Department's decision to appeal.
  • How to get Amazon Prime for free for Prime Day

    How to get Amazon Prime for free for Prime Day

    Markets

    The most recent special offers include deals for Hatley raincoats - a deal that comes to a close at 11.59pm on Wednesday, July 11. In Spain, unions have asked 1000 Amazon workers to go on strike during Amazon Prime Day , reports the Independent .
  • China trade surplus with USA hits record $29bn high

    China trade surplus with USA hits record $29bn high

    Markets

    Others say the latest data shows how hard it will be for the United States to win the trade war, arguing that Americans want to buy Chinese-made products. The news came as the two economic superpowers stand on the brink of an all-out trade war that would have a huge negative impact globally. But, he said, China has another option - Beijing could reduce the impact of USA tariffs on exporters by devaluing the yuan to make its goods cheaper for American consumers.
  • Fox raises Sky offer to US$32 billion

    Fox raises Sky offer to US$32 billion

    Markets

    The fight for ownership of Sky is playing out against the backdrop of Disney and Comcast's battle for a raft of Fox assets, including Fox's current 39% stake in Sky. According to some shareholders, that has set an implied higher floor for Sky's shares. "Today's announcement further underscores Comcast's belief and its commitment to owning Sky", Comcast said in a statement .
  • Man dies as listeria outbreak recalls frozen food

    Man dies as listeria outbreak recalls frozen food

    Markets

    Consumers are urged not to eat the products and to return to the place of purchase for a refund. The most common way of getting infected is through ready-made foods, but you can also catch listeriosis from someone else who has it; for example, if you eat food they've handled when they haven't washed their hands.
  • U.S. ramps up trade row with China, threatens new tariffs

    U.S. ramps up trade row with China, threatens new tariffs

    Markets

    The US was expected to impose new tariffs targeting around $US16b in Chinese goods this week, and China had been expected to respond with similar duties. "Tariffs are taxes, plain and simple". Chinese officials are expected to retaliate in other ways , hitting USA firms in China with unplanned inspections, delays in approving financial transactions and other administrative headaches .
  • Doubts if Saudis can replace lost Iranian barrels

    Doubts if Saudis can replace lost Iranian barrels

    Markets

    Zanganeh added that neither Iranian oil production nor its exports had changed as a result of United States pressure. "In our view, a complete cutoff of Iran exports would be very hard to manage and likely result in an oil price spike above $120/bbl".
  • White House announces additional $200B in tariffs targeting China

    White House announces additional $200B in tariffs targeting China

    Markets

    The US Trade Representative office will hold hearings on the targeted products and it's expected it will take about two months to finalize the list , at which point Mr Trump would decide whether to go ahead with the tariffs. China also seems to be projecting confidence that it can withstand political turmoil, said David Rank, former deputy chief of mission at the U.S. Embassy in Beijing.
  • USA job growth seen strong in June, wages picking up

    USA job growth seen strong in June, wages picking up

    Markets

    With less than half of new job seekers finding work, the labour force increase boosted the unemployment rate to an eight-month high of 6 per cent. Employment jumped by 31,800 last month. The June jobs is out and it's a beat. The economy continues to show many signs of strength despite the brewing trade war. The broader US economy appears sturdy.
  • Montreal unemployment rate drops to lowest level since December

    Montreal unemployment rate drops to lowest level since December

    Markets

    Across Canada, 31,800 jobs were added to the economy. Summer brought good news for some young people, as the number of those aged 20 to 24 finding jobs last month rose by 26,000, up 5.4 per cent from June 2017. Youth unemployment increased to 11.7 per cent last month, up from 11.1 in May. "We're still in a position that the Bank of Canada will tighten in July", said Andrew Kelvin, senior rates strategist at TD Securities.
  • United States jobs growth stronger than expected

    Markets

    Additionally, the Trump administration has drawn attention to the record-low of African American unemployment, even as it remained higher than the overall rate at 5.9%. However, the official figures are yet to be released till later this month. "A higher unemployment rate coinciding with a strong jobs gain in June is the best of possible worlds for Canada, with more of us working, but perhaps a bit more room for that to continue without triggering an inflation spike", Avery Shenfeld, ...