Economy

Mnuchin insists agriculture was part of US-EU trade talks

Mnuchin insists agriculture was part of US-EU trade talks The Chamber of Commerce study estimated it would cost USA taxpayers an additional $27 billion if the same level of aid was extended to prop up other industries exposed to retaliatory tariffs. "I think the truce that was called lets us see how we can have conversations for the benefit of both the European Union and the United States, and for us that includes agriculture". [Full Article...]

Apple briefly becomes the first $1 trillion USA company

Apple briefly becomes the first $1 trillion USA company The beloved tech giant is now officially the first trillion-dollar company, beating Amazon to the historic milestone. It could cement customer loyalty to these brands, enhancing a perception of quality. Apple is now up more than 20% this year. "The US$1 trillion mark is more psychological, and sends a message of growth and size into the market", said Howard Silverblatt , senior index analyst... [Full Article...]

Chipotle Scare: 368 People Report Getting Sick at Ohio Restaurant

Chipotle Scare: 368 People Report Getting Sick at Ohio Restaurant Reports indicate that nine individuals in total have reported symptoms including fever, nausea, and vomiting. By Tuesday morning, the number of reports to the site grew to 105, citing 170 people sick, according to Patrick Quade, the founder of iwaspoisoned.com. [Full Article...]

Sales tax holiday for BTS supplies set for August 3 to 5

Sales tax holiday for BTS supplies set for August 3 to 5 Wisconsin's first ever Sales Tax Holiday starts Wednesday (August 1 - August 5) and there's a list of items you can buy sales tax free. The price of each school computer accessory item must be $250 or less. ( 8) How are exchanges of items purchased during the "sales tax holiday" handled when returned after the "sales tax holiday?" Whether you're paying the bills or know someone who is, ther... [Full Article...]

RBI increases key rate to 6.5% on inflation worries

RBI increases key rate to 6.5% on inflation worries Why are they doing this now? On Wednesday, Union Bank of India raised its one-year MCLR by 10 basis points to 8.55 per cent while Kotak Mahindra Bank raised its one-month and three-month rates by 5 basis points to 8.20 per cent and 8.55 per cent, respectively. [Full Article...]

Apple becomes world's first trillion-dollar company

Apple becomes world's first trillion-dollar company Apple crossed the threshold in Thursday trading following a strong third-quarter report that showed earnings beat expectations and also showed increased revenue from the technology giant's services and software businesses. Apple is the first United States company to reach that lofty level. Other companies have come close to the mark, but no public United States company has hit a $1 trillion va... [Full Article...]

Trump Administration Threatens Even Higher Tariffs On China

China warned the USA against " blackmailing and pressuring " it over trade as the Trump administration mulls trying to force officials back to the negotiating table through threats of even higher tariffs. Geng said China's door to dialogue on the trade dispute is open, but that it had to be based on mutual respect and equality. The USTR said it will extend a public comment period for the US$200... [Full Article...]

Fed leaves key rate unchanged with United States economy growing at 'strong rate'

That will remove stimulus from the economy but is consistent with continued economic growth and job gains while keeping inflation near the Fed's two percent target over the medium term, the statement said. Defying Trump US President Donald Trump recently criticised policymakers for raising rates. The comments threw a political cloud over the central bank's decisions, Bloomberg reported. [Full Article...]

Google tailoring a search engine for China

The project is code-named " Dragonfly " and started in the spring of 2017, The Intercept reported . Google could be preparing to launch a search engine in China that would conform to the country's strict censorship laws, after previously opting out of the country in 2010. [Full Article...]

Trump administration confirms plan to raise China import tariff to 25 percent

But Wang Yi, the Chinese government's top diplomat, said US efforts to pressure China would be in vain, urging its trade policymakers to "calm down". Chinese shares fell on Thursday, and so far this year, the Shanghai Composite Index has slumped more than 16 per cent, the world's second-worst performing stock index. [Full Article...]

Sterling rises after Bank of England hikes interest rates

Vijay Valecha, chief market analyst at Century Financial Brokers, said NRIs can, however, benefit from a higher interest rate on fixed deposits. The Monetary Policy Committee of the Reserve Bank of India on Wednesday made a decision to increase the repo rate by 25 basis points to 6.5 per cent, as it remained concerned about rising inflation. [Full Article...]

Dixons Carphone data breach affected millions more than first thought

Dixons Carphone data breach affected millions more than first thought The admission early on Tuesday is the second revelation related to the data breach in six weeks and the third since 2015. In an update, the group said that there was now evidence that some of this data had left their system, but insisted that the records did not contain payment card or bank account details. [Full Article...]

Bank of England raises rates this time, but what's coming next?

Patel said. The Brexit negotiations and uncertainty over the deal - and indeed, any deal - being in place by the UK's withdrawal from the European Union next March casts a cloud over the outlook for the economy and rates. The inflation report makes it sound as if higher interest rates are a no-brainer. While Repo rate is the rate at which the central bank lends money to the banks, the rever... [Full Article...]

Vehicle exports on the rise but the production line slows

Vehicle exports on the rise but the production line slows The SMMT reported that the output of United Kingdom auto plants had declined by 5.5% in June (to 128,799) as "a ideal storm of events" hit production for the United Kingdom - the number of vehicles destined for the home market down 47.2% during the period. [Full Article...]

Tyson Foods cuts outlook on tariffs, shares fall

Tyson Foods cuts outlook on tariffs, shares fall This represents a $1.20 annualized dividend and a dividend yield of 1.89%. Tyson plans to report third-quarter earnings on August 6. Now it has a market worth of $23503.85M. The higher the ROE, the better the company is at generating profits. Gross Margin is observed at 12.60% and Operating Margin is seen at 7.00%. The stock price moved -12.23% off its 50 Day low and changed 2.42% to its 50 Day ... [Full Article...]

Loans to get costlier as RBI hikes repo rate again

The repo rate is the rate at which the RBI lends short-term money to the banks. The Bank's determination to raise rates has been prompted by its belief that inflation will build in the coming months as low unemployment prompts employers to increase wage offers. [Full Article...]

Huawei Overtakes Apple, Becomes World’s #2 Smartphone Vendor In Global Shipments

Huawei Overtakes Apple, Becomes World’s #2 Smartphone Vendor In Global Shipments As an example, its P20 Pro is now the only premium smartphone on the market that offers a triple main camera array. Top 10 players now capture 79 per cent of the market, thereby leaving over 600 brands to compete for the remaining 21 per cent of the market. [Full Article...]

Split concerns force Durex to recall some condoms in UK…

Split concerns force Durex to recall some condoms in UK… A full list of the batches affected can be found here. A recall for two types of Durex condoms, Durex Real Feel - Latex-Free and Durex Latex Free Polyisoprene has been issued by the Health Products Regulatory Authority (HPRA). HRPA also said that a number of batches for sale in the United Kingdom may also be on sale in Irish outlets. "If you have, stop using them as there is a risk t... [Full Article...]

Donald Trump administration adds to China trade pressure with higher tariff plan

The new levies would escalate trade tensions with the foreign power and add to a 25 percent tariff already imposed on $34 billion of Chinese imports in July . "If the USA side takes steps to further escalate the situation, we will definitely take countermeasures to resolutely safeguard our legitimate and legal rights and interests", said foreign ministry spokesperson Geng Shuang on Wednesday... [Full Article...]

The TSA has been sneakily tracking you for years

The TSA has been sneakily tracking you for years When the agency selects a person for observation in Quiet Skies , undercover air marshals closely observe them while in the airport and during flight. The initiative raises new questions about the privacy of ordinary Americans as they go about routine travel within the United States and about the broad net cast by law enforcement as it seeks to keep air travel safe. [Full Article...]


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