• Chinese exports accelerate as U.S. prepares new tariffs in heated row
Chinese exports accelerate as U.S. prepares new tariffs in heated row

The first round of President Donald Trump's punitive tariffs on China will hit the full $50 billion in goods starting August 23, the government announced Tuesday . The president remains confident that his "America First" overhaul of USA trade policy is paying dividends. Schneider National Carriers Inc. and other firms testified during a hearing Ju...

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  • Elon Musk says taking Tesla private is 'best path'
Elon Musk says taking Tesla private is 'best path'

Since Tesla is also the most shorted stock in history, Musk said the company's doubters have incentive to bash the company and depress the company's share price. The goal, Musk added, was not to tighten his grip on Tesla. Netflix stock moved higher as a result. What on earth is happening to Tesla stock today? Tesla's stock spiked Tuesday af...

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  • Trump says tariffs working far better than anticipated
Trump says tariffs working far better than anticipated

March 15: President Trump signed an executive order to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum imports from China and several other countries . The new list included more machinery and aerospace products. After weeks of half-measure negotiations between the two countries, talks have broken down and now both...

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  • Oil prices mixed after inventory-fueled spike
Oil prices mixed after inventory-fueled spike

According to the Weekly Petroleum Status Report , U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 million barrels last week. "Chinese demand from the independent refiners is also lower while the escalating trade war also doesn't help sentiment". "A lot of this is the risk premium pr...

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  • Scattered protests in Iran as US sanctions loom
Scattered protests in Iran as US sanctions loom

Francis Fannon, the assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, according to a State Department spokesperson. On the back of renewed tensions between Iran and the USA, the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the...

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  • US Economy Adds Fewer Jobs Than Expected In July
US Economy Adds Fewer Jobs Than Expected In July

Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a Reuters survey of economists and the lowest gain since March. Goods-producing jobs, which have been adding workers at a robust clip in recent quarters, posted further gains: The manufacturing sector increased payrolls by 37,000, the most since December and ex...

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  • Bank of England raises key rate to 0.75% in surprise unanimous vote
Bank of England raises key rate to 0.75% in surprise unanimous vote

Tej Parikh, senior economist at the Institute of Directors, said:"The Bank has jumped the gun with the today's rate hike". But the same market on August 1 slipped 85 points even though commentators said the second rate hike was on "expected lines".

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"Reasonably priced" Galaxy Note 9 launch date could have leaked

The latest Industry data has revealed that Samsung posted sales of $52.1 billion, but if you look carefully, the difference between the operating profits of both tech giants is nothing too extraordinary. In mobile, demand for high-density storage for new smartphones and high-end models is likely to remain robust. Samsung said it expecte...

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  • Tesla Reports Record $717.5 Million Net Loss in Second Quarter
Tesla Reports Record $717.5 Million Net Loss in Second Quarter

Analysts have questioned whether the 5,000 rate would be sustainable. This high-grading of the backlog combined with the reduction in the government subsidy by early next year, new product delays and the emergence of viable competition for the Models S and X means that 2019 should be a very challenging year for TSLA .

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  • USA sanctions Turkish government ministers over detained Pastor Andrew Craig Brunson
USA sanctions Turkish government ministers over detained Pastor Andrew Craig Brunson

State Department spokesperson Heather Nauert said the United States. has grown exhausted of waiting for Turkish action on the matter. The White House announced that the U.S.is imposing sanctions on Turkey's minister of justice and minister of the interior over their country's treatment of the Rev.

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  • Apple Earnings: Shares Gain 3% in After Hours
Apple Earnings: Shares Gain 3% in After Hours

However, the average selling price of each handset increased significantly, suggesting the company has lured its customers into shelling out more for its devices even in a slowing smartphone market. The company's stock is up 12% this year because of high sales of the iPhone 8 and X. Warren Buffett is one of the top investors in Apple . Apple ...

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  • Harley-Davidson announces Royal Enfield rival
Harley-Davidson announces Royal Enfield rival

In a slideshow released by the company, it describes how moving into EV technology will keep them competitive as they reposition the brand to embrace the opportunities presented by a market gradually making the shift to zero emissions vehicles.

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  • PSC rescinds Charter - Time Warner merger approval
PSC rescinds Charter - Time Warner merger approval

The PSC has ordered Charter to file a plan with the commission within 60 days to "ensure an orderly transition to a successor provider (s)". After more than a year of administrative enforcement efforts to bring Charter into compliance with the commission's merger order, the time has come for stronger actions to protect New Yorkers and the public ...

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  • Facebook market value plunges $119 billion
Facebook market value plunges $119 billion

It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion. The company also said revenue growth from emerging markets and the company's Instagram app, which has been less affected by privacy concerns, would not be enough to fix the damage.

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  • Winning Mega Millions jackpot ticket sold in California
Winning Mega Millions jackpot ticket sold in California

The numbers were 1, 2, 4,19, 29, and Mega Ball 20. In addition to the $522 million victor, eight tickets matched the five white balls to win the game's second prize. One person in MI did match all five balls - which is a million dollar prize. That means despite Tuesday's jackpot being smaller, the victor will still take home a higher sum of m...

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  • Trump, EU president make joint statement amid trade tensions
Trump, EU president make joint statement amid trade tensions

Prices for soybeans have already fallen by more than 15% since April , when China - a major buyer of the crop - announced its plans to retaliate. He confirmed that the European Union will build more terminals in order to import liquid natural gas (LNG) from the US. The deal came amid fears that Trump was going to escalate his European Unio...

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  • Mark Zuckerberg’s fortune tumbles $16.8 billion in a day
Mark Zuckerberg’s fortune tumbles $16.8 billion in a day

The company's growth numbers also slowed down notably: Daily active users only increased 11% year-over-year, to the tune of 1.47 billion on average during the month of June. Many Facebook analysts hope that Instagram's growth will help offset any stagnation at the older social network. The new General Data Protection Regulation (GDPR) in the Eu...

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  • Federal aid to Iowa farmers provides 'short-term fix... not a long-term solution'
Federal aid to Iowa farmers provides 'short-term fix... not a long-term solution'

Senator Ben Sasse, a Nebraska Republican, said in a statement: "This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches". When the conditions were struck, the USA favored a 25 percent tariff on European trucks and SUVs. "Ryan's comments come just hours after Trump tweeted that ...

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  • Tesla's call for suppliers to refund cash 'reeks of desperation'
Tesla's call for suppliers to refund cash 'reeks of desperation'

Tesla's stock declined 6 per cent in about 20 minutes after his tirade. "What stuck out to us as a negative is that Tesla's memo reportedly described the request as essential to the company's continued operation", Citi Investment Research analyst Itay Michaeli wrote in a note to clients.

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  • Dollar falls as Trump accuses ‘China, European Union of currency manipulation
Dollar falls as Trump accuses ‘China, European Union of currency manipulation

The China Global Television Network has released a video to address the tariffs imposed on American soybean exports. Earlier this year, he used national security as a justification for taxing imported steel and aluminum. China has pledged to retaliate against USA tariffs in "equal scale and equal strength". To some extent that policy lost a l...

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  • India scraps tax on sanitary pads in boost for girls' education
India scraps tax on sanitary pads in boost for girls' education

Sanitary napkins were taxed 12 percent tax under the one-year-old GST regime, which attracted serious criticism from various quarters. The GST Council was chaired by Piyush Goyal, the minister of railways, who is also handling the charge of finance ministry at the present due to the absence of finance minister Arun Jaitley, who recently went t...

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  • Microsoft's earnings beat expectations as cloud business booms
Microsoft's earnings beat expectations as cloud business booms

For the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 billion. But more important, "we expect strength in MSFT's Commercial Cloud business, supported by a favorable Enterprise IT spending cycle", writes Zelnick.

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  • World stocks mixed under pressure of more United States tariffs
World stocks mixed under pressure of more United States tariffs

During a CNBC interview on Friday, President Donald Trump has said that he's "not happy" with the Federal Reserve raising interest rates, and that he thinks doing so undermines any work he does for the economy. Why does the Federal Reserve raise interest rates? I want them to do well. The president also praised Fed Chairman Jerome Powel...

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  • Tesla Shares Fall After Elon Musk's 'Pedo' Twitter Comment
Tesla Shares Fall After Elon Musk's 'Pedo' Twitter Comment

But asked if he would take legal action against Musk over the allegation, Unsworth said: "If it's what I think it is yes". Musk responded on Sunday in a weird series of tweets referring to Unsworth, without using his name, as " pedo guy ".

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  • Trump Tariffs Against China Take Effect
Trump Tariffs Against China Take Effect

Asked on Thursday whether China would target US-funded businesses in China to counter USA restrictions on Chinese products, Chinese Ministry of Commerce spokesman Gao Feng said it was not part of Beijing's plan and, instead, China might compensate foreign businesses for losses from a trade war .

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  • New Trump tariffs may force Moog to lay off workers
New Trump tariffs may force Moog to lay off workers

Trump had already threatened tariffs on cars imported from the European Union , in response to the EU's retaliatory tariffs last week on iconic us products including bourbon, jeans and motorcycles. Early last month, Mexico imposed tariffs on USA products ranging from steel to pork and bourbon, while the European Union levied duties of 25% on €2....

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  • Amazon Prime Day 2018 deals are starting early for Prime members
Amazon Prime Day 2018 deals are starting early for Prime members

It starts with a free version of the excellent Pillars of Eternity: Definitive Edition (one of Obsidian's greatest games), which you can download now through July 7. Of the two, Keepa is our favourite as you don't even have to navigate away from the Amazon Product page. During this sale season, there are about a million deals being offered no...

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  • Kobe Bryant got a call before passing torch to LeBron James
Kobe Bryant got a call before passing torch to LeBron James

CLEVELAND The Philadelphia 76ers are getting a chance to pitch their process to LeBron James . By declining his option, James positioned himself to be able to choose where he'll play next, and Cleveland remains a strong possibility, even though he declined his option for next season.

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  • Tesla shares fall as analysts question sustainability of increased Model 3 production
Tesla shares fall as analysts question sustainability of increased Model 3 production

Tesla has hit its target of producing 5,000 Model 3 sedans weekly, just as CEO Elon Musk promised investors at the release of the company's Q1 financial results, Electrek reports, quoting an email Musk sent to all personnel praising them for the "incredible job".

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  • Canada announces final list of retaliatory tariffs
Canada announces final list of retaliatory tariffs

The Canadian tariffs will come into effect on July 1 and largely target US steel and aluminum products, but also foodstuffs such as coffee, ketchup and whiskies, according to a list by the Department of Finance. The Trump administration is studying whether to put tariffs on Canadian autos, which economists say would help plunge the economy into a r...

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