• Anonymous person buys $1M worth of remaining toys at Toys 'R' Us
Anonymous person buys $1M worth of remaining toys at Toys 'R' Us

There's no more Toys "R" Us kids'. Toys "R" Us chief executive officer Jerry Storch has been, "working with multiple investors on a plan to reboot the retailer in the USA, according to people familiar with the situation, who asked not to be identified because the talks are private".

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  • US trade policy drives Harley Davidson to create EU jobs
US trade policy drives Harley Davidson to create EU jobs

White House press secretary Sarah Huckabee Sanders defended Trump's trade policies Monday during a press briefing. But since then the company has been counting the costs of his trade policy. In January, it said it would consolidate its Kansas City, Missouri, plant into its York, Pennsylvania, facility. The list included bourbon from Kentucky, the h...

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  • Supreme Court ruling may boost Virginia tax income by $300M
Supreme Court ruling may boost Virginia tax income by $300M

The U.S. Supreme Court has announced their decision on the S. Dakota v. Wayfair case, overturning the long-standing rule that states could not tax businesses or sellers outside of that state's borders. The court ruling mainly affects small vendors, including those who did business on big platforms like Amazon marketplace, eBay, and Etsy, says Jos...

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  • Supreme Court rules in favor of online sales tax
Supreme Court rules in favor of online sales tax

The Supreme Court ruled Thursday that state governments to compel retailers beyond their borders to collect sales-tax revenue from consumers - a move which could rock online shopping. That's because more and more of our spending has been on things that aren't taxed - mostly because the economy is shifting away from taxed goods towards untaxed servi...

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  • European Union slaps revenge tariffs on USA as trade war erupts
European Union slaps revenge tariffs on USA as trade war erupts

If the trade dispute continues or is not resolved by the WTO, the European Union could target a second batch of American exports worth around €3.7 billion ($4.3 billion). On Thursday, Indian imposed tariffs on 29 United States goods worth $ 238 million as a countermeasure. Trump and Peter Navarro, one of his top trade advisers, have long believed...

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  • Saudi Arabia Inching Towards Pro-Nigeria Compromise Ahead Of OPEC Meeting
Saudi Arabia Inching Towards Pro-Nigeria Compromise Ahead Of OPEC Meeting

Iraq's energy minister said it was clear that Opec and its allies would change course after 18 months of production curbs, in an effort to rebalance crude supply and demand. Crude oil prices are trading lower early Thursday, but inside yesterday's range. "It would seem that an aggregate increase in production for OPEC+ of between 500,000 ...

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  • European Union metals tariffs retaliation to start June 22
European Union metals tariffs retaliation to start June 22

The tariffs come weeks after the Trump administration implemented a 25 per cent tariff on steel and 10 per cent tariff on aluminium imports in March. European Union steel and aluminium exports now facing United States tariffs are worth a total of 6.4 billion euros (RM29.6 billion). All told , the $450 billion in potential tariffs would cover a...

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  • Opec debating compromise output boost, say sources, Business News & Top Stories
Opec debating compromise output boost, say sources, Business News & Top Stories

The market was expecting an increase of around 1-1.5 million barrels. Commerzbank commodities analyst Carsten Fritsch said that given big differences in the positions of OPEC members, the Friday meeting was likely to be tough. Tankers waiting to load more than 24 million barrels of crude, nearly as much as state producer PDVSA shipped in April, a...

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  • U.S. and China Officially in a Trade War over
U.S. and China Officially in a Trade War over "Unfair Trade Practices"

A set of retaliatory tariffs announced by China on Friday includes a plan to tax imports of American lobster, potentially jeopardizing one of the biggest markets for Maine's signature seafood. The $50 billion in tariffs will likely mean just a tenth of a percentage point hit "at most" on annual US economic growth and a similar jump in overall ...

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  • Federal Reserve raises rates, signals two more to come
Federal Reserve raises rates, signals two more to come

The euro's 5 percent fall against the dollar since April is also helping the European Central Bank as the weaker currency is increasing the cost of imports and boosting inflation. "It remains part of the toolbox", he said. US President Donald Trump has made a decision to impose "pretty significant" tariffs and was set to announce a list targeti...

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  • Dig it: Elon Musk’s Boring Co. gets tapped for Chicago project
Dig it: Elon Musk’s Boring Co. gets tapped for Chicago project

The Chicago Express Loop will connect downtown Chicago with O'Hare International Airport. The plan comes in response to Chicago Mayor Rahm Emanuel's request a year ago for proposals to build and operate a high-speed rail line that will whisk passengers from the airport to downtown in 20 minutes or less.

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  • Amazon expands Whole Foods discounts to Prime members in North Carolina
Amazon expands Whole Foods discounts to Prime members in North Carolina

Delivery from Whole Foods is available in 10 cities and is slated to expand to more cities this year. The Prime Now division also has a permit to operate a grocery business at a warehouse at 41st and Chestnut Streets in West Philadelphia, but Katz declined to comment on "the role of that building or any other buildings that Amazon has lease...

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  • Time Warner Stock Jumps, AT&T Falls After Ruling Clears Path to Merger
Time Warner Stock Jumps, AT&T Falls After Ruling Clears Path to Merger

Fans have been following the Disney/Fox deal closely, as a merger between the two companies would mean Marvel Studios would reacquire the rights to the X-Men and Fantastic Four franchises, both of which have been under Fox's control for decades.

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  • Paving for pizza: Domino's wants to fill your town's potholes
Paving for pizza: Domino's wants to fill your town's potholes

And instead of lobbying cities to fix the streets, the company is taking matters into its own hands. The company says it's sick and exhausted of its pizzas being thoroughly beaten around by America's poor roads during delivery, so has chose to do something about it.

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  • From pancakes to patties: IHOP now the International House of Burgers
From pancakes to patties: IHOP now the International House of Burgers

Consumers also had some fun with the name change, with some claiming they'd been triggered by the change and others suggesting the "b" might really stand for "bummer". The wait is nearly over! - today, we find out what the mysterious "B" is all about in Ihop's name change. But most fans figured that it was just a way to get people talking.

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  • Pompeo Says Sanctions to Remain Until North Korea Denuclearizes
Pompeo Says Sanctions to Remain Until North Korea Denuclearizes

She said the USA delegation would be led by Sung Kim, a veteran diplomat who recently held talks with North Korean officials. President Trump's first meeting with North Korean leader Kim Jong Un will be held one-on-one, according to a White House official.

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  • A look back at Trump on North Korea
A look back at Trump on North Korea

Very senior officials from the United States and South Korea have set the tone here, with a huge though indirect assist from Kim Jong Un himself. The apparent choice to use the Air China aircraft instead also underlines the strength of the traditional alliance between the socialist neighbours ahead of Mr Kim's historic meeting with Donald Tr...

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  • Macron leads G7 charge against Trump over trade
Macron leads G7 charge against Trump over trade

Trump has threatened to use national security laws to do the same for vehicle imports and has walked back on environmental agreements and an worldwide deal to prevent Iran from building a nuclear bomb. "In this environment, above all we always have to stay polite, stay productive and try to convince [them] to keep the United States on board because...

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  • Microsoft plunges self-sufficient data center into sea off Scotland
Microsoft plunges self-sufficient data center into sea off Scotland

The Microsoft team presented Naval Group with general specifications for the underwater datacenter and let the company take the lead on the design and manufacture of the vessel. Microsoft says there are many good reasons for drowning a data center. "The world's oceans at depth are consistently cold, offering ready and free access to cooling, w...

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  • Chuck Schumer Rips Trump Amid Reported ZTE Deal
Chuck Schumer Rips Trump Amid Reported ZTE Deal

The United States and China have reached a deal that allows the Chinese telecommunications giant ZTE to stay in business in exchange for paying an additional $1bn in fines and agreeing to let USA regulators monitor its operations. The company was allowed continued access to the United States market under the 2017 agreement. The sanctions that the...

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  • Trump, Trudeau tariff phone call gets testy after War of 1812 mention
Trump, Trudeau tariff phone call gets testy after War of 1812 mention

The tariffs imposed Tuesday will affect just more than 1% of USA exports to Mexico. The reaction of the EU, Canada and Mexico raises the possibility the U.S.is facing down a full-blown trade war - even as it does the same with China. corporations. The biggest industry to take a hit from these tariffs will be steel-consuming sectors, many of w...

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  • Brace Yourselves: The US-China Trade War Is About to Begin
Brace Yourselves: The US-China Trade War Is About to Begin

China on Sunday threatened retaliation against the USA during a round of trade talks, saying that economic and trade deals negotiated by the two countries would become "void" should Washington impose new sanctions. Treasury Secretary Steven Mnuchin to convey their "unanimous concern and disappointment " to the trade actions. French Finance M...

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  • US crude eases for 3rd day on expectations of higher…
US crude eases for 3rd day on expectations of higher…

Crude stocks at the Cushing, Oklahoma, delivery hub for WTI fell 556,000 barrels, EIA said . The more active August contract rose 0.3 percent. Analysts predict oil prices set to increase again after seeing a resurgence Thursday with Brent crude climbing to $78, but will most likely not reach the $100 mark.

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  • Trump tweets about jobs report ahead of release
Trump tweets about jobs report ahead of release

It is not required for the president to see the jobs report number in advance. Friday morning's report was indeed positive: US employers added 223,000 jobs in May, and the unemployment rate slipped to an 18-year-low of 3.8%. "But secondly, and fundamentally, its really important that government statistics are perceived as being nonpartisan, nonpo...

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  • US Tariffs Raise Fears of Trade War with American Allies
US Tariffs Raise Fears of Trade War with American Allies

Mexico , too, said it would impose retaliatory duties on a variety of USA goods, including steel and a host of agricultural goods, including pork, apples and various cheeses. The US granted temporary exemptions to the EU, Canada and Mexico amid negotiations over limits. "But we see no sign of that in the US action today", he said, describing th...

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  • Friday is National Donut Day = FREE DONUTS!
Friday is National Donut Day = FREE DONUTS!

Papa John's: Get a free order of donut holes here, with any online purchase. Do I have one near me? Jupiter Donuts: Get a free doughnut with any purchase. Happy Place Donuts: Six free Hot & Happy Dough Balls with purchase at the Miami Beach shop. Aurora's Glazed and Confused (2501 Dallas St.) does not have a donut deal, but says to arri...

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  • Consumer Reports changes its mind on Tesla Model 3
Consumer Reports changes its mind on Tesla Model 3

As you may have seen, Consumer Reports last week withheld its recommendation to buy Tesla's more compact luxury auto, the Model 3 , after its testers "found flaws-big flaws-such as long stopping distances in our emergency braking test and difficult-to-use controls".

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  • Oil extends slump as Saudi Arabia, Russia hint at supply hike
Oil extends slump as Saudi Arabia, Russia hint at supply hike

USA oil got some support as US crude inventories likely fell by 1.8 million barrels last week, a preliminary Reuters poll showed on Tuesday. In recent months, Saudi Aramco has been lifting its OSPs to Asia, with the price for its benchmark Arab Light grade being set for June cargoes at a premium of $1.90 a barrel to the Oman/Dubai average, ...

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  • Service dog unexpectedly gives birth at Florida airport
Service dog unexpectedly gives birth at Florida airport

The 2-year-old lab went into labor while her owner was waiting to board a flight to Philadelphia. Tampa Fire Rescue shared the sweet moments over social media. They were aware that Ellie was pregnant, but didn't realize how far along she was. Both Eleanor Rigby and Golden Nugget are service dogs to Van Atter, who suffers from mobility and pai...

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  • Climb in June petrol, diesel prices in UAE
Climb in June petrol, diesel prices in UAE

Similarly, diesel is priced at Rs 43.31, and the total tax incidence is Rs 25.44 per litre. Bhubaneswar: Union Petroleum & Natural Gas Minister Dharmendra Pradhan on Thursday said the Odisha government should cut its value-added tax (VAT) on the fuel to control the rising prices of petrol and diesel.

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