Markets

News

Wall Street loses ground as Fed signals two more hikes this year

Besides raising its projection for rate increases this year from three to four, the Fed removed a key sentence from the previous statement that had been viewed as foreseeing a need to keep rates low for an extended period. U.S. unemployment dro...

Trump declares oil prices too high, blames OPEC

Trump (@realDonaldTrump) April 20, 2018Bloomberg and Reuters reported last week that Trump requested that Organization of Petroleum Exporting Countries members, such as Saudi Arabia, increase their oil production. Analysts attribute the rise in p...

Toyota Plans Billion-Dollar Investment in Ride-Hailing Startup Grab

Japan's top automaker Toyota Motor Corp is investing US$1 billion in Grab, the leading ride-hailing company in Southeast Asia. Toyota has installed its data recorders in Grab-operated rental cars to collect driving data - a similar strategy it ha...

Dixons Carphone reveals it has uncovered unauthorised access of customer’s data

Last month Dixons Carphone warned on profits and said it would have to close shops, wiping more than 500 million pounds off its market value. However, it added that the company said it had notified card providers to 105,000 non-EU issued cards whic...

US Court Approves $85Bln AT&T Merger With CNN Owner Time Warner

The ruling brings to an end a six-week antitrust trial which heard regulators argue that the deal, worth $85m (£63.5m), would give AT&T undue leverage against rivals that rely on Time Warner content. "You've got the courts flashing a green light". ...

Most senior military officials caught off guard by Trump "war games" announcement

Veterans of Foreign Wars (VFW), NPR noted, sent a letter to President Donald Trump back in June this year, urging him to make the issue part of the president's negotiation with North Korea's supreme leader. Nam said Seoul welcomed the news that...

Final preparations underway ahead of landmark Trump-Kim summit

Trump, who arrived Sunday night, tweeted Monday morning: "Great to be in Singapore , excitement in the air!" The sudden change in schedule added to a dizzying few days of foreign policy activity for Trump, who shocked USA allies over the weekend w...

International House of Burgers: 'IHOP' becomes 'IHOb'

But Burger King was silent on social media. Dine Brands Global Inc. -owned IHOP captured the attention of the internet last week with a tweet announcing the coming name change. Others had more fun, speculating that the B stood for bitcoin o...

Britain's Poundworld goes into administration, putting 5,100 jobs at risk

Clare Boardman, joint administrator, said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". Other parties named as possible b...

FCC leader promises better Internet as net neutrality rules expire

The concern among net neutrality advocates is that the repeal could give internet providers too much control over how online content is delivered. In Montana and NY, governors signed executive orders that uphold the Obama-era net neutrality regul...

North Korea talks moving 'more quickly than expected'

Despite the initial high stakes of a meeting meant to rid North Korea of its nuclear weapons, the talks have been portrayed by Trump in recent days more as a get-to-know meeting. "Kim can authorize or approve a missile strike while he is away", M...

Musk Madness: People Are Already Wreaking Havoc With Elon’s Flamethrowers

Here's a closer look at Musk's many ventures and projects. Billionaire space exploration hobbyist and business magnate Elon Musk held the hottest party in Los Angeles over the weekend. "Apparently, some customs agencies are saying they won't allo...

Your internet use could change as ‘net neutrality’ ends

But both of these approaches are expected to lead to court challenges by the FCC, whose new policy on net neutrality contains explicit language that tries to preempt states from doing exactly what the legislation and executive orders are meant to d...

Bitcoin hits two-month low after South Korean exchange hacked

Coinrail only said that it was cooperating with investigators and other exchanges to try and track down the perpetrators and recover the assets. Bitcoin (BTC) and Ethereum (ETH) Plummet - Over the weekend, $42 billion was wiped off the cryptocurr...

Burger joints start social "beef" with "IHOB"

Last week , we speculated that maybe the b was breakfast, or brunch - or beets. It's just to promote a new selection of burgers IHOP , sorry, IHOb has rolled out. Steak n' Shake, which has been offering its signature Steakburgers since 1934, tw...

Trump takes more swipes at Canada and Trudeau after tense G7 summit

Experts say the Trudeau spat and the likelihood of tariffs from the European Union and Canada will result in a trade war. In fact, Kudlow suggested in his appearance on CNN that Trump's anger at Trudeau is an act for an audience of on...

White House economic advisor says Justin Trudeau ‘stabbed us in the back’

German Chancellor Angela Merkel , late Sunday , called Trump's revocation of support for the G7 joint communique "sobering and a little depressing", while adding, in a rare one-on-one interview with ARD public television, "but that's not the end" ...

BT boss Gavin Patterson stepping down to quell shareholder frustrations

Outgoing chief executive Mr Patterson said he was "immensely proud" of what the company has achieved, citing the launch of BT sport , its acquisition of EE and the agreement for a more independent Openreach. "The broader reaction to our recent resul...

Winner of $315 million Powerball jackpot comes forward

He found out he was the victor the next day. Souami, 55, had some work to do in the yard, but he also wanted to get his auto washed while his wife stayed at their home in Little Ferry, preparing meals for the week. "It's not so easy to quit just like...

Trump arrives in Singapore for historic summit

The first word Kim is in Singapore for Tuesday's summit came early Monday morning. Dressed in identical in black suits, with lapel badges of former North Korean leaders, the two, flanked by Singapore police, were busy getting into the best po...

Verizon Picks Hans Vestberg to Succeed McAdam as CEO

Verizon named Chief Technology Officer Hans Vestberg as its new CEO on Friday, surprising analysts and signaling the largest United States wireless company's priority is building the next-generation 5G network, not expanding further into media con...

Trump issues warning to trade partners over retaliatory tariffs

Prime Minister Justin Trudeau is hosting the world's most powerful countries at the two-day summit in La Malbaie , in Quebec's Charlevoix region. The G7 joint communique, which advocates a "rules-based trading system", was reached despite tens...

Kentucky Fried What? KFC will test a vegetarian alternative in UK

The chain announces a plan to test the new recipe to its customers within this year. If successful, KFC is touted to be the very first among the big fast-food chains to offer faux chicken meat on its menu. Meanwhile, KFC's USA team has indicated to...

Oil Prices Rise On Ongoing Venezuelan Supply Trouble

According to a report published Tuesday by Bloomberg News, the US government has issued a direct appeal to Saudi Arabia and other members of the Organization of Petroleum Exporting Countries to put more oil on the market. Now the U.S. is aski...

G7 leaders vow rapid response to Russia's hostile interference

The late arrival at a session, where the G7 leaders were discussing gender equality and women's empowerment sparked concerns that the United States president might not participate at all in Saturday's meetings. In footage of the pair, Trump said of M...

After days of insults, Trump and Trudeau pal around at G7

Despite being at odds with other countries at the G7 in Canada , Trump rated his relationship with their leaders as a "10" - naming Germany's Angela Merkel, French president Emmanuel Macron and Canada's Justin Trudeau , but not the UK's Prime M...

US reaches deal with China's ZTE, says Wilbur Ross

Last year, ZTE settled the case with the USA government, promising to pay $890 million in fines and punish dozens of ZTE executives who orchestrated the illicit technology sales. At the same time, it continued to ask the US government to lift the ban...

Apple plans to make 20% fewer new model iPhones this year - Nikkei

Apple may be anxious that its next iPhones won't be as popular as its last. Additionally, Apple's suppliers were also affected by this, with the shares of Dialog falling 4.1 percent while those of AMS falling by 6 percent. US -based suppliers Ad...

Flying auto startup backed by Google founder offers test flights

Image: No price has been specified for the flying vehicle. Initially focused on personal recreation, the small aircraft has a wingspan of 13 feet and takes off vertically (VTOL) via 10 independent lift fans. Kitty Hawk said that at 15 meters (50 f...

Trump calls for Russian Federation to be readmitted to G7

But since coming to office in January 2017, Trump has pulled the United States out of the Paris climate accord, the Iran nuclear deal and the TPP Pacific free trade deal. Trump has long called on Canada to stop protecting its dairy farmers from...

Search

Breaking News

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has d...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeat...

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

China proposed a 25 percent tariff on imports of copper ore and concentrate from the USA , which shipped about 70,000 tons to the country a year ago . The commerce ministry issu...

Oil edges lower as supply concerns return

Traders said prices rallied early when industry information provider Genscape reported that crude inventories at the Cushing, Oklahoma, delivery hub for USA crude, dropped 1.1 m...

Spanish pilots union sues Ryanair over contracts

A month earlier in a memo seen by Reuters Ryanair said time-off duties for the pilots committee remained an issue but there was little between the two sides and it was hopeful of...

USA employers add 157,000 jobs, jobless rate slips to 3.9 percent

Manufacturing gained 37,000 jobs, driven by durable-goods and transportation companies. But, as with small businesses, manufacturers are having trouble filling job openings, she ...

RBI monetary policy: Repo rate hiked by 25 bps

Mumbai: Home, auto and personal loans are set to get costlier as the Reserve Bank of India on Wednesday raised the repo rate , the rate at which it provides funds to banks, by ...

Record Iranian oil imports for India in July

Purchases from Iran could slow from August as imports from Tehran are getting tougher after the United States in May pulled out of a 2015 nuclear deal and announced the renewal...

Oil Prices Drop as U.S. Inventory Grows

U.S. efforts to cut Iran's oil exports are expected to contribute to global oil price volatility in the short term, according to the International Energy Agency. EDT (2030 GMT) ...

That’s trillion with a T-Apple hits market value of $1 trillion

He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook , which can be crudely summed up as the result of the social networ...

Special Reports

USA considers higher tariffs on $200 billion in Chinese imports

USA considers higher tariffs on $200 billion in Chinese imports

The dynamic has proved hard to change, given USA consumers' reliance on Chinese goods. Two trump administration officials told reporters on a conference call that Trump remains...

China Plans Tariffs on $60 Billion of U.S. Goods

China Plans Tariffs on $60 Billion of U.S. Goods

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on United States goods were rational and restrained. Beijing's earlier penalty ...

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo met with Turkish Foreign Minister Mevlut Cavusoglu in Singapore during a security conference in Southeast Asia. The administration is also seeking the release of several d...

China threatens new tariffs on $60 billion worth of U.S. goods

China threatens new tariffs on $60 billion worth of U.S. goods

The commerce ministry threat came after Wang met with US Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday. "...

Apple is the first $1 trillion company in history

Apple is the first $1 trillion company in history

Started in the garage of co-founder Steve Jobs in 1976, that Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries, reports Reute...

Bank of England raises interest rates to 0.75%

Bank of England raises interest rates to 0.75%

The RBI today increased repo rates by 25 basis points to 6.5%, the second hike in two months, making housing and automobile loans costlier. An RBI repo rate hike usually sees...

Apple becomes world's first trillion dollar company

Apple becomes world's first trillion dollar company

During the day, the share price of the iPhone maker jumped by 2.8% to $207.05, passing the $1tn (£762bn) mark in NY trading. Apple just became the first U.S. "It's one of thos...

Tax Free Weekend in Missouri Set for August 3-5

Tax Free Weekend in Missouri Set for August 3-5

Sunday, Aug. 5. In April, Gov. Scott Walker used a partial veto to extend the period to five days. The Ohio Senate unanimously approved a bill earlier this year that made the t...

Chipotle shuts OH restaurant after reports of illness

Chipotle shuts OH restaurant after reports of illness

More than 400 people said they fell ill after eating at an Ohio Chipotle that is thought to be at the center of an illness outbreak , according to a website that tracks foodbo...