Economy

Goldfish crackers recalled due to possible salmonella risk

Goldfish crackers recalled due to possible salmonella risk CBS New York reports no other Pepperidge Farm products in the US are subject to the recall. Anyone with concerns or questions about the recall can visit the Pepperidge Farm website or call Customer Service at 800-679-1791. Food with salmonella contamination may not look or smell spoiled, but can still cause fever, headache, vomiting, nausea, abdominal cramps, diarrhea and even long-term co... [Full Article...]

China says threats, intimidation on trade will never work

China says threats, intimidation on trade will never work Threats and intimidation on trade will never work on China, its foreign ministry said on Monday, after US President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from the country. The Reuters report and the dollar's weakness together added to the yen's strength, which was last up 0.4 per cent at 111 per dollar. Analysts at JPMorgan said these moves, tog... [Full Article...]

Alphabet Q2 2018 earnings: Google revenue, EPS, analysis

Alphabet Q2 2018 earnings: Google revenue, EPS, analysis Excluding the fine, the company would have had revenues of $32.6bn and a profit of $7.8bn. The company has seen costs rise and profit margins dip as more searches and ads get shown on mobile devices, where Apple Inc and other firms charge fees to distribute Google search on their devices and apps. [Full Article...]

Tesla stock skids on report it asked suppliers for refunds

Tesla stock skids on report it asked suppliers for refunds The remainder of our discussions with suppliers are entirely focused on future parts price and design or process changes that will help us lower fundamental costs rather than prior period adjustments of CapEx projects. "I haven't heard of this being done before and I've been following the industry for 20 years", he said. Tesla did not respond to a series of emails and phone calls seeking comment... [Full Article...]

28th GST Council meeting in Delhi

28th GST Council meeting in Delhi Even the Delhi high court had recently questioned the GST on sanitary napkins, asking, "If bindis, sindoor and kajal are kept out of the ambit of the GST, why can not sanitary napkins, which are essential items , be exempted?" "I am sure all mothers and sisters will be very happy to hear that sanitary pads are now 100 per cent exempt from tax", Finance Minister Piyush Goyal told reporte... [Full Article...]

Iran's Rouhani warns Trump 'war with Iran mother of all wars'

Iran's Rouhani warns Trump 'war with Iran mother of all wars' BE CAUTIOUS!" Trump wrote at about 10:30 p.m. Sunday. Former State Department official Marie Harf said it's unclear what message President Trump was trying to send with his warning to Iranian President Hassan Rouhani . Mr Trump replied this morning ordering Iran to stop threatening the U.S. or face the consequences. Trump's eruption on Twitter came after a week of heavy controversy about Russ... [Full Article...]

Tesla Reportedly Asked Suppliers for Cash Back to Show Profit

The company confirmed to The Wall Street Journal that it is seeking these retroactive discounts for various projects. Tesla held about $3.2 billion in cash after the first three months of the year, having spent about $1 billion through March. [Full Article...]

McDonald's tainted salads sicken 163 people in 10 states

McDonald's tainted salads sicken 163 people in 10 states The illnesses started on or after May 1, according to the FDA . The company is in the process of switching to a different lettuce-mix supplier. People fall ill an average of seven days after eating the food contaminated with fecal matter. The most common symptom of Cyclosporiasis is watery diarrhea, according to the Centers for Disease Control and Prevention. Similarly, FDA, CDC, state, and... [Full Article...]

Trump rips Fed again for hiking interest rates

Trump rips Fed again for hiking interest rates A Reuters report on Friday that the Bank of Japan was in unusually active discussions to modify its massive easing also played a role in the tick-up in yields globally. "Donald Trump will be the president until at least January, 2021". Greenspan did lower rates 13 times over 1991-92, but slowed the pace of cuts in the latter year, much to the White House's annoyance. [Full Article...]

Though volatile, supply-side woes resurface to push oil prices higher

Though volatile, supply-side woes resurface to push oil prices higher But Aama's statement may indicate that Iran, Saudi Arabia's primary OPEC antagonist and which had sent a delegation to the meeting, has been appeased for now that the kingdom was not planning to ramp up production further and key on Iran's market share. [Full Article...]

No Mega Millions victor Friday; jackpot climbs to $493 million

No Mega Millions victor Friday; jackpot climbs to $493 million This year, 20-year-old Shane Missler of Port Richey won a $451 million prize on January 5, while Richard Wahl of Vernon, N.J., won $533 million on March 30. Virgin Islands. And if you live in DE or NY, you're likely spending about $400 a year, or $33 per month. The next drawing will be Tuesday night at 11 p.m. [Full Article...]

United States stocks dip as Trump talks of more tariffs on China

United States stocks dip as Trump talks of more tariffs on China London closed less than a tenth of a percentage point lower while Frankfurt ended the day down almost 1.0 percent. The Russell 2000 index of smaller-company stocks fell 4.50 points, or 0.3 percent, to 1,696.81. They will also be looking out for more USA corporate earnings, such as those from tech giants like Google, Amazon and Facebook. General Electric lost 3.4 percent to $13.26. [Full Article...]

Certain Ritz products recalled over salmonella concerns

Certain Ritz products recalled over salmonella concerns Virgin Islands because the items contain whey powder that has been recalled. The company said there have been no reported illnesses, and that the recall is simply a precaution. Salmonella can cause serious and sometimes fatal infections in young children, the elderly, and those with weakened immune systems. Consumers are advised to discard any products they may have. [Full Article...]

Possible salmonella contamination causes a number of food recalls in Atlantic provinces

The company said while the majority of affected products have already retrieved, customers should check any packages of rice featuring any of the lot codes listed here. All the crackers involved in the recall have a best if used by date of before June. Salmonella can cause serious and sometimes fatal infections in young children, the elderly, and those with weakened immune systems. [Full Article...]

Facebook suspends Crimson Hexagon pending data handling investigation

Facebook suspends Crimson Hexagon pending data handling investigation Crimson Hexagon , based in Boston, has had contracts in recent years to analyze public Facebook data for those and other clients, according to people familiar with the matter and federal procurement data. "Crimson Hexagon only allows government customers to use the platform for specific approved use cases, and under no circumstances is surveillance a permitted use case", he writes. [Full Article...]

U.S. stocks dip as Trump talks of more tariffs on China

Given the strength of the United States economy, the Federal Reserve is expected to keep raising interest rates . The Fed has raised interest rates seven times since December 2015 and has penciled in two more rate hikes for this year. [Full Article...]

Ryanair to cancel up to 600 flights next week in biggest strike

Ryanair to cancel up to 600 flights next week in biggest strike Last night, it emerged 16 more flights were set to be cancelled by the airline on Tuesday after strike notification from the Forsa union representing Irish pilots. It's thought that Ryan Air has contacted those affected by text message and SMS. " Ryanair sincerely apologises to our customers for these disruptions which we have done our utmost to avoid", said Ryanair's chief marketing officer Ke... [Full Article...]

Trudeau replaces Carr with Sohi, and adds five new ministers in shuffle

Trudeau replaces Carr with Sohi, and adds five new ministers in shuffle As part of the reshuffle, Trudeau said Jim Carr would become minister of International Trade Diversification. Carr was at the Natural Resources helm during the government's recent C$4.5 billion ($3.46 billion) purchase of Kinder Morgan's controversial Trans Mountain expansion, which would almost triple the current system's capacity to 890,000 barrels per day of crude from Alberta's oil sands t... [Full Article...]

Amazon ‘Prime Day’ glitches cost company up to $99M

Amazon ‘Prime Day’ glitches cost company up to $99M Amazon's Prime Day is known for giving members the best deals on a variety of products, but it could also be the company's entrance into reaching more consumers through mobile devices. giant, such as gaming, books and consumer electronics. "In just four short years, Prime Day has established itself as a retail phenomenon", says Peter Greene, Practice Director of Consumer Durables at InfoScout. [Full Article...]

Fiat Chrysler names new CEO to replace ailing Marchionne

Fiat Chrysler names new CEO to replace ailing Marchionne Sergio Marchionne has been replaced as the boss of Ferrari and sister company Fiat as a result of an illness. Mike Manley, head of the Jeep brand, speaks the Los Angeles Auto Show in Los Angeles, California U.S. According to Reuters, Marchionne had meant to remain as Chairman and CEO of Ferrari until 2021. Manley will continue to implement that business plan, according to the company. [Full Article...]


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