• USA jobs growth slows more than expected in July

    USA jobs growth slows more than expected in July

    Markets

    The economy added 157,000 jobs in July, which was almost 30,000 less than expected. Over the past year, it has hired more than a half-million Americans and stands as the leading job-creating sector. The shortage of workers is steadily pushing up wages. Gapen said he's optimistic that wage gains will pick up, ending the year at about a 3 percent increase.
  • Sterling bounces after BoE raises rates above crisis lows

    Sterling bounces after BoE raises rates above crisis lows

    Markets

    Repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds. Retail inflation has been projected at 4.4 percent for Q2 of F1Y 19, excluding HRA impact, 4.7-4.8 percent in H2 in FY19 and 5 percent in Q1 of FY20 as the committee anticipates a hike in food prices due to the recent Minimum Support Price (MSP) hike.
  • Apple hits record market capitalisation of $1 trillion

    Apple hits record market capitalisation of $1 trillion

    Markets

    One of five U.S. companies since the 1980s to take a turn as Wall Street's largest company by market capitalisation, Apple could lose its lead to the likes of Alphabet Inc or Amazon.com Inc if it does not find a major new product or service as global demand for smartphones loses steam.
  • China frustrates United States efforts to end Iran's oil exports

    China frustrates United States efforts to end Iran's oil exports

    Markets

    Among the top importers of Iranian oil are China , India , Turkey and South Korea. "On Aug. 7, Washington will reimpose sanctions on Iran's purchase of U.S. Washington has told countries they must halt all imports of Iranian oil from 4 November or face USA financial measures. Saudi Arabia, Russia, Kuwait and the UAE have increased production to help to compensate for an anticipated shortfall in Iranian crude supplies once planned USA sanctions take effect later this year.
  • Dustin Poirier calls Nate Diaz the second biggest name he could've fought

    Dustin Poirier calls Nate Diaz the second biggest name he could've fought

    Markets

    The UFC dramatically announced the matchup on Friday with a promotional video to close a news conference promoting its slate of fight cards for the rest of 2018. But once the event wrapped, White presented a video package that announced the return of the UFC's biggest star. McGregor's comeback is not the only must-watch UFC event coming up on BT Sport however.
  • Oil down near $73 on US stocks, Opec supply

    Oil down near $73 on US stocks, Opec supply

    Markets

    Oil traders said prices pulled back after information supplier, Genscape reported that inventories at Cushing, Oklahoma, the delivery hub for United States crude, rose almost 200,000 barrels, or nearly one per cent, from Tuesday to Friday last week.
  • Trump administration adds to China trade pressure with higher tariff plan

    Trump administration adds to China trade pressure with higher tariff plan

    Markets

    Weeks after the White House said it wanted to slap 10% tariffs on an additional $200 billion worth of Chinese imports , President Donald Trump's advisors are reportedly urging him to make it 25% instead. trade officials, adding that any escalation would be catastrophic for United States companies. China promptly promised it would take countermeasures of its own.
  • Turkey 'will retaliate' over U.S. sanctions as crisis grows

    Turkey 'will retaliate' over U.S. sanctions as crisis grows

    Markets

    Cavusoglu, however, said both the countries have agreed to work together. "We have said since the beginning that threatening language and sanctions will not get any result", he said. He was arrested in December 2016 following a failed coup on charges of "committing crimes on behalf of terror groups without being a member" and espionage.
  • Molson Coors bets on pot with cannabis-drink joint venture

    Molson Coors bets on pot with cannabis-drink joint venture

    Markets

    The venture will be structured as a standalone company, with an independent board of directors and management team. Molson will own 57.5 percent of the venture, while Hydropothecary holds 42.5 percent. states where marijuana is legal. "Visibly intimidated, insular, and inherently conservative, large parts of the alcohol industry acknowledge and highlight the dangers to their penetration rates and profitability, but largely fail to see the huge potential behind the plumes of hazy smoke".
  • China warns of tariffs on imported United States goods worth $60bn

    Markets

    Beijing plans to impose an additional 5% in tariffs on about 600 kinds of products including planes and computers, another 10% on nearly 1 000 products including wigs and textiles, an extra 20% on more than 1 000 items including some chemicals, cookers and paper, and an additional 25% on over 2 400 products such as meat, wheat, wine and LNG, according to the statement.
  • Apple Makes History As The World's First $1 Trillion Company

    Apple Makes History As The World's First $1 Trillion Company

    Markets

    The tech company, launched from a garage in 1976, has been on a steady climb through the years, revolutionizing personal computers and phones with its Macs and iPhones. APPLE OFFICIALLY BECAME the world's first trillion-dollar company on Thursday. One of those is Canada , but Apple isn't that far behind us now.
  • Apple hits $1 trillion stock market valuation

    Apple hits $1 trillion stock market valuation

    Markets

    With the company pretty much taking over the world with the iPod and several subsequent revolutionary products, it's no surprise that they have just become the first publically-traded company to be valued at over $1 trillion. Stock markets are volatile, and a small but growing threat from Chinese smartphone makers might eat into Apple's margins in the coming years. Apple, which produces about 40 million iPhones every quarter, hauled more than $254 billion in revenue a year ago.
  • Trump Administration Threatens Even Higher Tariffs On China

    Markets

    Announcing a higher tariff is required ahead of the hearings and will send a signal that the Trump administration is upping the pressure on China to make serious concessions. "We hope that those directly involved in the United States' trade policies can calm down, carefully listen to the voices of USA consumers.and hear the collective call of the global community".
  • Oklahoma's tax-free weekend expected to draw big crowds

    Oklahoma's tax-free weekend expected to draw big crowds

    Markets

    The sales tax weekend ended at 11:59pm Sunday. Stocking up on new clothing , computers, electronics and even basic school supplies can swiftly add up, with household spending for children in grades K-12 expected to reach almost $28 billion nationwide this year, according to a recent Deloitte survey.
  • Apple becomes 1st trillion-dollar company

    Apple becomes 1st trillion-dollar company

    Markets

    It became the first $900 billion company exactly nine months ago, on November 3, 2017. A company's market cap is calculated by multiplying the number of shares outstanding by its stock's share price. In fact, Amazon , Alphabet , and Microsoft could soon be joining Apple over the $1 trillion threshold - currently, they're worth $886 billion, $844 billion, and $825 billion respectively.
  • China urges USA to return to reason on trade

    Markets

    The night before the agreement, he proposed in a tweet that "Both the US and the European Union drop all Tariffs, Barriers and". President Donald Trump's administration said on July 10 it would seek to impose the 10-percent tariffs on thousands of Chinese imports .
  • Trump Raises Proposed Chinese Tariffs to 25%

    Trump Raises Proposed Chinese Tariffs to 25%

    Markets

    Washington imposed additional 25 per cent tariffs on $34 billion of Chinese goods July 6 in response to complaints Beijing steals or pressures companies to hand over technology. Now Trump administration officials are reportedly considering increasing those tariffs to 25 percent. He also has threatened a further round of tariffs on US$300 billion of Chinese goods.
  • Indian central bank raises rates for second time

    Indian central bank raises rates for second time

    Markets

    The Reserve Bank of India raised the rate at which it lends to banks from 6.25% to 6.5% on Wednesday, after hiking it for the first time in four years in June. The decision by the 6-member MPC, headed by RBI Governor Urjit Patel , comes amid elevated oil prices and inflation hovering around 5%. RBI has projected inflation at 4.6 per cent in Q2, 4.8 per cent in H2 of 2018-19 and 5.0 per cent in Q1 2019-20.
  • Eight experts debate the future of Tesla ahead of earnings

    Eight experts debate the future of Tesla ahead of earnings

    Markets

    As it ramps up production of the Tesla Model 3 , Tesla announced Wednesday that it reduced its financial losses in the second quarter-barely. Tesla ended the second quarter with $2.78 billion. Before today's earnings report , the shares were down less than 5 percent on the year. After the results were posted, Tesla issued a statement saying that it plans to churn out from 50,000 to 55,000 vehicles in the third quarter, an ambitious goal, given its recent frantic scramble to ...
  • Trump imposes sanctions on Turkish officials over U.S. pastor's detention

    Trump imposes sanctions on Turkish officials over U.S. pastor's detention

    Markets

    After Turkey refused to agree to a request from the United States that Brunson be released, the USA slapped sanctions on two Turkish officials. The Trump administration followed through on its threat and hit Turkish Minister of Justice Abdulhamit Gul and Minister of Interior Suleyman Soylu with sanctions for being leaders "of an entity that has engaged in, or whose members have engaged in, serious human rights abuse".
  • Yen slips after BOJ decision; dollar firm ahead of Fed

    Markets

    At the same time, the central bank delivered a range of adjustments created to alleviate strains from negative rates and asset-buying on commercial banks and reduce market distortions. It will be looking for some relief on Thursday, when the BoE is widely expected to raise interest rates for only the second time since the 2008 financial crisis.
  • Alert issued for salads, wraps due to parasite concern

    Alert issued for salads, wraps due to parasite concern

    Markets

    Some chopped romaine used by Caito Foods and supplied by Fresh Express has been recalled over feared Cyclospora contamination, according to the Food Safety and Inspection Service statement. The problem within Caito Foods is related to the lettuce supplier, Fresh Express. No illnesses have been reported. The incubation period for Cyclospora ranges from two to 14 days, which would include the dates of July 25 through August 6.
  • Shocking brawl breaks out at McDonald's over 'free soft drink'

    Shocking brawl breaks out at McDonald's over 'free soft drink'

    Markets

    Moments later Chavolla, 24, charges out from behind the counter, ignoring a milkshake thrown at her head and a blow to the face from a metal tray, and begins brutally beating Fontelar in a video seen millions of times around the world. However, when it comes to any escalating situation, self-defense expert Gabrielle Rubin tells Yahoo that. I don't know about you but I've never wanted McDonald's that bad.
  • Huawei Overtakes Apple In Smartphone Sales For The First Time

    Huawei Overtakes Apple In Smartphone Sales For The First Time

    Markets

    Both Apple and Samsung's growth seems to be at a high point, as both brands fell this quarter year over year. IDC says smartphone vendors shipped a total of 342 million devices during Q2 2018, compared with the 348.2 million units shipped in the second quarter of 2017.