Economy

Trump presses Mexico to speed up NAFTA talks: Lopez Obrador

Trump presses Mexico to speed up NAFTA talks: Lopez Obrador After a meeting in Mexico City, Canadian Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo said they remained optimistic about negotiations to revamp the 24-year-old trade pact. The high-level meeting occurs five weeks before the August 31 date by which the U.S. Congress must be formally notified of a deal under Fast Track procedures for Mexico's current pres... [Full Article...]

Krispy Kreme to selll $1 donuts to celebrate their birthday

Krispy Kreme to selll $1 donuts to celebrate their birthday By combining Krispy Kreme's 81-year-old donut dynasty with the late-night cookie company, JAB hopes to broaden its reach beyond the b-fast table. The new confetti doughnuts will be on sale from July 27-Aug. Last week, Krispy Kreme made headlines with the announcement it would acquire a majority stake in cookie delivery brand Insomnia Cookies. The doughnut company was acquired in 2016 for $1.... [Full Article...]

Spirit Airlines flight diverted after passengers sickened from 'dirty socks' odor

Spirit Airlines flight diverted after passengers sickened from 'dirty socks' odor Spirit Airlines Flight 779 took off at LaGuardia airport in NY and was on its way to Fort Lauderdale , Florida, before it was diverted to Myrtle Beach, South Carolina, NBC 4 reported. For the Spirit incident, emergency crews gave an all-clear after investigating the plane. Spirit Airlines apologized for the diversion in a statement, said the safety of its guests is "paramount", and are inves... [Full Article...]

Tennessee sales tax holiday begins this weekend

Tennessee sales tax holiday begins this weekend Mail, telephone and internet sales qualify for the holiday if they are ordered and paid for during the holiday, but shipping and handling charges are not to be included as part of the sales price of eligible items in determining whether items meet the $100 threshold. [Full Article...]

Concerns linger in Europe after US-EU trade truce

Concerns linger in Europe after US-EU trade truce After the meeting, Trump declared a "new phase in the relationship" between the two trading blocs, and said: 'We are starting the negotiation right now but we know very much where it's going'. The Agriculture Department of the USA is speculating a loss of around $11 billion due to the intensifying trade wars. Germany, home to big carmakers such as Volkswagen AG (VOWG_p.DE) and Daimler AG (DAIGn.... [Full Article...]

‘First-time’ kiss with Trump caught EU’s Juncker by surprise

‘First-time’ kiss with Trump caught EU’s Juncker by surprise Ahead of that North Atlantic Treaty Organisation meeting, Trump called the European Union a "foe" of the USA for "what they do to us in trade" - a statement refuted by European Council President Donald Tusk as "fake news". tariffs. "We and the U.S. share same view that the World Trade Organisation must modernize", she told DN. United States stocks shot to their highs of the day, with the benchma... [Full Article...]

McDonald's worker beats up milkshake-throwing customer

McDonald's worker beats up milkshake-throwing customer Marie Dayag , who posted the video, lives in Las Vegas , Nevada, but it's not known exactly where the incident happened. The McDonald's worker, who has since gone viral, claims she still has her job but is now suspended from entering the store where the incident took place. [Full Article...]

Saudi-led coalition renews strikes on Yemen's main port city

Saudi-led coalition renews strikes on Yemen's main port city An estimated 4.8 million bpd of crude oil and refined products flowed through the Bab al-Mandeb strait in 2016 toward Europe, the United States and Asia, according to the U.S. Meanwhile, Reuters reported that Trump was quietly working to a create a new security political alliance dubbed an "Arab NATO" with its Sunni Muslim allies in a bid to counter Iranian expansionism in the region. [Full Article...]

Disneyland raising hourly wages to $15 after labor fight

Disneyland raising hourly wages to $15 after labor fight In June 2020, an extra $0.50 per hour is set to be added to salaries, but a measure that will appear on ballots in November aims to give Disneyland workers an even better deal. Under the new contract , the minimum hourly pay will be raised to $15 per hour in January for food service workers, custodians, retail workers, ride operators, and other workers who keep the park running for its 18 mill... [Full Article...]

Oil price shock on the way? | Oil Price

Oil price shock on the way? | Oil Price Oil prices fell on Friday, weighed down by a drop in the US equities market, but Brent still marked a weekly increase, supported by easing trade tensions and a temporary shutdown by Saudi Arabia of a key crude oil shipping lane . Perhaps this option is what eased the reaction of oil markets on Thursday after the Saudi announcement of a temporary suspension of oil exports estimated at two millio... [Full Article...]

Facebook shares dive on weak outlook, weighing on Nasdaq

Facebook shares dive on weak outlook, weighing on Nasdaq TECHNOLOGY: Facebook's tumble, brought on by its warning to investors that it sees slower revenue growth ahead, led a decline in technology shares that snapped a three-day winning streak for the S&P 500 index. Brian Sheehan, a Syracuse University professor of communication and advertising, said the weak forecast "made investors nervous about more basic long-term issues" with the huge social ... [Full Article...]

I open up Europe for United States farmers

I open up Europe for United States farmers Juncker said that he rejected the demand to completely open European markets to USA agricultural products, with only an exception for soybeans. China's long-lasting mutual beneficial relations with Chicago, Illinois and other Midwestern states have brought tremendous benefits to both sides. [Full Article...]

President Trump Delivers a Stronger Economy as Promised

President Trump Delivers a Stronger Economy as Promised Yet, Canadian businesses are pressuring the federal government to embrace Mr. Trump's economic policies - minus the protectionism, of course. Ian Shepherdson, an economist at Pantheon Macroeconomics, said following Friday's report , "In one line: Looks great; won't last". [Full Article...]

Facebook Lost Over $100 Billion in Market Capitalization Today, A New Record

Facebook Lost Over $100 Billion in Market Capitalization Today, A New Record Even so, if Facebook is legitimately investing the time and money in improving privacy at the cost of slowed growth, it should all be to consumer benefit in the end. Most of its large institutional investors aren't panicking. Its average number of monthly active users for the period came in at 2.23 billion, or about 20 million fewer than projected. [Full Article...]

Russia's Putin raises nuclear deal at Ramaphosa meeting during BRICS

Russia's Putin raises nuclear deal at Ramaphosa meeting during BRICS Prime Minister Narendra Modi on Friday left for home after concluding his three-nation Africa tour during which he attended the BRICS Summit in South Africa and he held bilateral meetings with several world leaders including presidents of China and Russian Federation. [Full Article...]

Granite City steel contract workers taken to hospital shortly after Trump visit

Granite City steel contract workers taken to hospital shortly after Trump visit U.S. Steel cited low oil prices - because the mill produces steel for oil refineries and the auto industry - as well as the availability of cheap, imported steel. Trump maintains that North Atlantic Treaty Organisation is "better for Europe than it is for us". The man, identified as Tony, said he was a third-generation steel worker who had been laid off two-and-a-half years ago. [Full Article...]

Trump, Juncker announce deal pulling back from US-EU trade war

Trump, Juncker announce deal pulling back from US-EU trade war It was a stunning turnaround. So how exactly did Juncker manage to coax this about-face from Trump? It was all rather different in tone from a comment by Juncker last month when he said Trump had called him a "brutal killer". "We agreed today.to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods", declared the two leaders in a joint sta... [Full Article...]

United States economic growth surges by 4.1 cent

He predicted it would be close, though economists surveyed by the Journal believe a figure of around 4.4% second-quarter growth is more likely. The US is experiencing an "economic turnaround of historic proportions", the President said. [Full Article...]

MAC Cosmetics Gives Away Free Lipstick, No Purchase Necessary

Here's how to participate: Head to your nearest MAC counter (or participating Ulta store), wait in a potentially very long line and keep your fingers crossed that supplies don't run out. No purchase is necessary and customers may choose their free lipstick color from nine pre-selected shades! You can also get a free tube online when you make a $25 purchase. [Full Article...]

Twitter Stock Plummets 15 Percent After it Purged Fake Accounts

Twitter Stock Plummets 15 Percent After it Purged Fake Accounts Cracking down on hate, abuse and online trolls is also hurting Twitter's shares. Twitter , like other social media platforms, says it's putting its platform over user growth. The company said in April that monthly active user growth could be " negatively impacted " by the new rules. "We want people to feel safe freely expressing themselves and have launched new tools to address problem be... [Full Article...]


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