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Global stocks edge higher on rising oil prices, but trade worries persist

Markets in Hong Kong, meanwhile, were closed on Monday for a holiday. Elsewhere in currency markets, the euro, which had been pressured by political uncertainty in Germany, pared losses after Chancellor Angela Merkel's conservatives settled a row o...

Leaked Trump Draft Bill Would Ditch WTO Trade Rules

Additionally, the European Commission has warned the Trump administration that imposing tariffs on cars imported from Europe will harm trade, growth and jobs in the USA and overseas. And so it's been driving Mack trucks through loopholes in the WTO a...

China issues warning for citizens travelling to US

His company, which sells sauvignon blancs and zinfandels to distributors in China has lost a half-million dollars in orders since China slapped tariffs in April on $3 billion worth of US fruits, nuts and wine. imports are set to take effect on July 6...

The Golden State Warriors Have Broken the National Basketball Association

In fact, James' Lakers jersey is the only one sold during free agency that's cracked the company's top 10. The iconic Nike LeBron James banner will be an icon of Cleveland no more as it is being taken down Tuesday, according to WJW .

Canada retaliates tariffs on USA metals, orange juice

The economist tapped by Lopez Obrador to lead Nafta talks if he wins said on June 26 that he hopes a deal can be reached "within a couple of months". The Chamber based its state-by-state analysis on data from the U.S. Department of Commerce and g...

Canada tariffs on US goods from ketchup to lawn mowers begin

The stress on the trading relationship between Canada and the U.S.is already starting to raise the cost of construction and manufacturing in the United States, according to Sandy Baruah, president and CEO of the Detroit Regional Chamber of Commerce...

Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

It's awful what they do to us, he said . Oil is surging as the USA pushes allies to end imports of Iranian crude, as global supply disruptions persist and American crude inventories are already at the lowest since January. Apart from Iran, Venezue...

Leaked documents show China using tariffs to target Trump's base

Even former White House Communications Director Anthony Scaramucci got in on the fun, saying the reported plan "stinks". Axios reported that "most officials involved in the bill's drafting. Asked if he planned to pull out of the WTO, Trump sai...

Walmart faces boycott calls over ‘Impeach 45’ T-shirts

Trump supporters are free to boycott, of course, but as Fox News noted , there are also plenty of items on Walmart's marketplace with Trump's slogan, "Make America great again". Walmart has been targeted before by angry shoppers after controversia...

Lopez Obrador elected Mexico’s new president with 53 per cent of vote

Most voting locations in Mexico closed at 6 pm, local time. Supporters of the presidential candidate for the "Juntos haremos historia" coalition, Andres Manuel Lopez Obrador, celebrate at the Zocalo square in Mexico City, after getting the prelimi...

"No": Dutch Prime Minister awkwardly interrupts President Trump

Trump said he would discuss the dispute with European Union officials before saying: "If we do work it out, that'll be positive, and if we don't, it'll be positive also because..." before Rutte interjected by saying "No!". Trump thanked Rutte and the...

Amazon Prime makes spirits brighter with free alcohol delivery in Dallas

Prime Wardrobe will rival established online shopping and subscription services such as Stitch Fix and Nordstrom's Trunk Club, though those services offer a personal stylist. Once users try the clothes, the remaining pieces will be picked up by Am...

Donald Trump, Saudi king discuss oil markets, no mention of production plans

However, the U.S. Energy Information Administration estimated that OPEC crude production only decreased from 32.7 million barrels per day in 2016 to 32.5 million in 2017, a drop of less than one per cent. "Iran is in a really terrible position righ...

Dell Deals Another Dandy, Going Public Once Again

The share-swap decision came after a monthslong strategic review as Dell wrestled with a bulging debt load built through a $25 billion leveraged buyout in 2013 that took the company private and the EMC deal, which added tens of billions of dollar...

Dan Gilbert pens LeBron James another farewell letter, skips using comic sans

James informed the Cavaliers on Friday that he would not exercise his $35.6 million contract option. In a tone and tenor much different than his letter to Cavs fans following James' stunning move to Miami in 2010, the Cavs owner sent a message ...

U.S. officials visiting Gulf allies to co-ordinate Iran sanctions

The official warned countries including China and India, who are key buyers of Iranian oil, that they should stop purchasing crude from the country before the November deadline or face U.S. As a result, USA supply growth is expected to level off at a...

Tesla Production Hits 7K Cars a Week

The second quarter ended on Saturday, and with it Tesla's deadline for producing 5,000 of the company's Model 3 electric vehicles. The company also says that it is looking to make a net profit in the second half of the year despite the volatile glo...

Amazon seeks entrepreneurs for delivery service

As shoppers increasingly demand that things from hot meals and groceries to dresses, bedding and electronics be dropped off at their doorsteps, retailers are betting big on delivery services that will get them there faster. Olaoluwa Abimbola, who was...

Trump pressures Saudi Arabia to increase oil production

OPEC agreed with Russian Federation and other oil-producing allies this month to raise output from July by about 1 million bpd. However, a source familiar with Saudi Arabia's production plans told Reuters earlier in the week of the kingdom's in...

Adidas warns customers of potential data breach

Common additional factors of authentication include answering questions about personal information, having a special code texted to your smartphone or recognizing a preselected image on your login page. "We take the protection of that information ver...

Opposition leaders say Modi government has failed to bring back black money

Swiss banks themselves have previously pointed out that Indians have "few deposits" with them compared to other global financial hubs like Singapore and Hong Kong amid the stepped-up efforts to check the black money menace. Citing reports, Mr. Goya...

Stocks mixed as investors keep eyes on US-China tensions

Chinese people are reflected on a glass panels of the Apple Store as they walk through the capital city's popular shopping mall in Beijing , Thursday, June 28, 2018. The report highlights the clash between Beijing's insistence it has honored market-...

Trump urges Saudis to raise oil output 'by two million barrels'

The Saudi Press Agency confirmed that Mr Trump had called King Salman bin Abdulaziz, Ruler of Saudi Arabia and the Custodian of the Two Holy Mosques. The leader of OPEC said it plans to pump a record-high 11 million barrels of oil per day in Jul...

Zero oil exports for Iran 'impossible,' says official

New efforts would begin in July and could lead to an increase in global production levels of as much as 1 million barrels of oil per day. The United States has told all countries to stop importing Iranian oil from November, as the Trump administr...

Tesla: Musk Sidetracked By Farting Unicorn

We hope you keep creating more renditions of your farting unicorn, and that people keep buying them. Similar images of farting unicorns have been used for Tesla's in-vehicle interfaces and promotional material, although Edwards was only alerted t...

Canada hits U.S. with retaliatory tariffs on metals, whiskey, maple syrup

On March 1, President Donald Trump announced that the United States would be imposing a 25 percent on all imports of steel into the United States, and a 10 percent tariff on all aluminum imports. We're taking strong responsive measures to defend th...

As Toys "R" Us Closes For Good, Workers Campaign For Severance

In 2017, Toys "R" Us filed for bankruptcy and in March 2018 the company announced it was going out of business and closing all USA stores . Be sure to read how we think Toys R Us has helped define our childhoods throughout its long run .

Florida company may have exposed personal data of every American adult

Earlier this month, security researcher Vinny Troia found that almost 2 terabytes of data was exposed, which seems to include personal information on hundreds of millions of United States adults and millions of businesses, the report said.

Trump asks Saudi Arabia to increase oil production

During the call, the Saudi king and Trump emphasized the need to preserve oil market stability and efforts of oil-producing countries to compensate for any potential shortage, Saudi state media reported on Saturday. The government and parliament ha...

Saudi Arabia plans record crude oil production in July

Traders said prices were mostly driven higher by uncertainty around oil exports by Libya , a member of the Organisation of the Petroleum Exporting Countries (OPEC). Three of the biggest oil ETFs got a boost Tuesday as the U.S. State Department orde...

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Breaking News

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distrac...

Elon Musk tweets he has funding to take Tesla private

In a second tweet on Tuesday, Mr Musk said taking the company private would not lead to a single dominant shareholder. " Funding secured ", the tweet added, offering no furth...

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under s...

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . The company is aiming to boos...

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 ...

Special Reports

RBI monetary policy: Repo rate hiked by 25 bps

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

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

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

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...

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...