Money

Money Trump trespasses on Fed's independence by blasting Powell's rate hikes
Author: 0 Trump trespasses on Fed's independence by blasting Powell's rate hikes

He told CNBC's Joe Kernen, "Because we go up and every time you go up they want to raise rates again". "As usual, not a level playing field", Mr. Trump wrote. In the CNBC interview broadcast on Friday, Trump reiterated his claim that the United States is "being taken advantage of" on issues including trade policy.

Author: 0 Trump Tells CNBC He's 'Not Thrilled' About Rate Hikes

I want them to do well", the U.S. president said of China. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. While not only stirring debate, the comments also had an immediate effect on markets with the dollar basket erasing a rally posted earlier in the day.

Money Microsoft Earnings Preview: Cloud, PC Trends Positive
Author: 0 Microsoft Earnings Preview: Cloud, PC Trends Positive

For the fourth quarter that ended on June 30, Redmond reported revenue of $30.1bn (around £23bn), up 17 per cent compared to $25.6bn in the year-ago quarter, and net income of $8.9bn. Revenue in Intelligent Cloud was $9.6 billion and increased 23 per cent. Revenue for the company's cloud computing service, Azure , grew 89% year over year, driving the company's revenue growth for its server and cloud division to 26%.

Author: 0 Trump ready to hit all Chinese imports with tariffs

Asked on CNBC if he is ready to go to $500 billion - a number that almost matches the $505 billion in products that China exported to the U.S.in 2017 - Trump said, " I'm ready to go to 500 ". The U.S. has identified a further $200 billion in Chinese goods the U.S. may target for tariffs, for a total of $250 billion. When asked about the stock market possibly falling if the United States imposes duties on such a large amount of goods, Trump said: "If it does, it does".

Author: 0 Markets fall after Trump criticises Fed rate hikes

U.S. President Donald Trump on Thursday told CNBC in an interview that he was " not thrilled " about the U.S. Federal Reserve's decision to hike interest rates , according to the television network. Fed officials have penciled in two more hikes this year. Representatives for the Fed could not immediately be reached for comment. Mr Trump also suggested that higher interest rates left the United States at a disadvantage when compared to the European Union, China and Japan, allowing ...

Author: 0 Trump threatens to slap tariffs on all $505bn of Chinese imports

The administration has also released a list of 10 per cent tariffs on an additional US$200 billion of Chinese goods, which could take effect as early as next month. China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with US tariff hikes.

Money Japan's major distributors mull halt in oil imports from Iran
Author: 0 Japan's major distributors mull halt in oil imports from Iran

A drastic reduction of Iran's oil exports (for example, by more than one million bpd) would likely boost Saudi production to numbers not seen since the late 1960s, in an attempt to fulfill market demands. Phil Flynn , an analyst at Price Futures Group , remarked, "We're back to worrying about a tight market" - referring to the idea that the gas and distillate draws indicate strong consumer demand.

Author: 0 Trump criticizes Federal Reserve over interest rate hikes

The comments raised eyebrows in the USA, where presidents are expected to avoid criticism of the central bank in deference to its independence. Mr Trump has said before that he favours low interest rates, and dismissed concerns about his interference.

Money Boris blasts Brexit plan but doesn't threaten leadership challenge
Author: 0 Boris blasts Brexit plan but doesn't threaten leadership challenge

Plaid Cymru, who have rejected deals with the Conservatives in the Welsh Assembly, said if stopping a "hard Brexit" required them to enter an all-party government "so be it". Mr Johnson added that the United Kingdom should aim for the vision of "a strong independent , self-governing Britain" set out at Lancaster House , not the "miserable, permanent limbo" of Chequers.

Money Surprise stall for inflation raises questions over interest rate hike
Author: 0 Surprise stall for inflation raises questions over interest rate hike

Annual CPI inflation remained static even though petrol prices jumped by 2.7 pence per litre between May and June, in contrast to a 1.1p-a-litre fall between the same two months of previous year. This will affect the Bank of England's decision to raise interest rates next month. It marks the highest level for both petrol and diesel since September 2014.

Money Jeff Bezos' Net Worth Tops $150B
Author: 0 Jeff Bezos' Net Worth Tops $150B

Amazon founder Jeff Bezos has surpassed Bill Gates as the richest person after Bloomberg Billionaires Index estimated his net worth reaching $150 billion (Sh15 trillion). It also puts Bezos's personal fortune within spitting distance of the Walton family's $US151.5 billion, which is the world's richest dynasty. A Federal Reserve report stated that America's top 1 percent controlled 38.6 percent of wealth in the country in 2016, as opposed to the 22.8 percent held by the bottom 90 ...

Money Singapore Airlines named world's best airline in Skytrax awards
Author: 0 Singapore Airlines named world's best airline in Skytrax awards

Singapore Airlines is voted the World's Best Airline in 2018 by travelers, with Qatar Airways taking 2nd place and ANA in 3rd position. " Singapore Airlines is honored to be named World's Best Airline in the Skytrax awards, and I dedicate it to the 26,000 SIA Group employees who focus every day on delivering the world's best travel experience to our customers", Singapore Airlines CEO Goh Choon Phong said in a statement.

Money Elon Musk apologises to British caver for ‘pedo’ slur
Author: 0 Elon Musk apologises to British caver for ‘pedo’ slur

Mr Unsworth said he was considering legal action , while some investors in Mr Musk's company had demanded an apology. Musk accused one of the divers involved in the Thailand cave rescue of being a pedophile. Unsworth said several untruths & suggested I engage in a sexual act with the mini-sub". Mr Musk said Mr Osotthanakorn had been "described inaccurately as "rescue chief" and was "not the subject matter expert".

Money Walmart partners with Microsoft for cloud solutions
Author: 0 Walmart partners with Microsoft for cloud solutions

Meanwhile, GE Digital and Microsoft are also forming a co-sell and go-to-market strategy together, offering end customers Industrial IoT (IIoT) services across verticals. If you're wondering just how deep this partnership goes, Walmart is committed to building an entire Internet-of-Things operation running on Azure, which will cover everything from managing the refrigeration units in thousands of stores to using machine learning to improve the company's entire supply chain.

Money Planemakers plot course through trade, Brexit worries to air show deals
Author: 0 Planemakers plot course through trade, Brexit worries to air show deals

Just a reminder: Volga-Dnepr placed an order for 20 Boeing 747-8F freighters at the Farnborough show in 2016 and did not take all the planes due to financial troubles. "We are delighted to announce the acquisition of 14 new 777 Freighters as we renew part of our long-haul fleet with this best-in-class fuel efficient freighter type that will make a significant step towards DHL's zero emissions target by 2050", said DHL's executive President of Global Network Operations & Aviation, ...

Money Oregon State University Suspends Relations With Papa John's
Author: 0 Oregon State University Suspends Relations With Papa John's

Schnatter apologized for his words, but has also said that his statement was taken out of context. In a press release on Sunday, Papa John's said that the company will be terminating a sublease agreement with Schnatter, which allowed him to use office space in headquarters in Louisville, Kentucky.

Money Theresa May faces Trade Bill showdown
Author: 0 Theresa May faces Trade Bill showdown

Remainers led by Stephen Hammond and Nicky Morgan will be pushing a new amendment to the government's trade bill, which will make it a negotiating objective to "participate after exit day in a customs union with the EU", in the event that a deal on frictionless trade can not be secured by January.

Author: 0 Netflix Shares Crash After New Subscriptions Fall Short of Expectations

Chief Executive Reed Hastings , in a letter to shareholders, called it a "strong but not stellar Q2". "Earnings, margins, and revenue were all in-line with forecast and way up from prior year". Global subscriber growth also fell far short, as Netflix added 4.47 million against an expected 4.97 million. Analysts had been modeling $3.94 billion in revenue and EPS of 79 cents.

Money Amazon Prime Day sale
Author: 0 Amazon Prime Day sale

Shoppers clicking on many Prime Day links after the 3 p.m. ET Monday launch in the USA got only images of dogs - some quite abashed-looking - with the words, "Uh-oh". When Prime Day kicked off at 3 p.m., excited customers were greeted by a stuck home page screen or pictures of a dog, instead of the Prime Day sale.

Money Elon Musk Called One of the Thai Cave Rescuers a
Author: 0 Elon Musk Called One of the Thai Cave Rescuers a "Pedo"

After Unsworth said Musk was performing a " PR stunt ", the billionaire called the rescuer a " pedo guy", perhaps implying that he is a pedophile. Musk even doubled down on his "pedo" claim when challenged on Twitter, saying "bet ya a signed dollar it's true". Unsworth told AFP on Monday he had not reviewed the tweets in full and had only heard about them.

Money Amazon Prime Day 2018: The top United States deals in tech
Author: 0 Amazon Prime Day 2018: The top United States deals in tech

In addition, for those of you who are itching to shop and save right now, Amazon is offer deals on select devices ahead of the main event. Amazon has released several teaser deals in preparation for the bigger discounts later on this evening, giving huge discounts to TVs, Smartphones, Cameras and many more goods.

Money Ivanka Trump out of fashion at Canadian retailer
Author: 0 Ivanka Trump out of fashion at Canadian retailer

At one point, the retailer had offered more than 350 items under the Ivanka Trump banner, everything from apparel, shoes and jewelry ranging in price from $25 up to nearly $14,000. Still, a Trump spokesperson insisted the company caved to pressure from advocacy groups. She is a great person - always pushing me to do the right thing! -Canada trade war.

Author: 0 China files WTO challenge to US $200B tariff plan

Other governments have criticized Trump for going outside the WTO when he imposed 25 percent tariffs on $34 billion of Chinese goods. Nonetheless, European officials suggest that Trump, who has also targeted Europe with tariffs, has created a widow of opportunity to show that EU-China relations can be a bulwark for global trade.

Money Papa John's further shuns founder, evicting him from offices
Author: 0 Papa John's further shuns founder, evicting him from offices

Mercedes-Benz Stadium now has three Papa John's locations. Schnatter told Louisville's WLKY that he was not informed of the decision to rename the stadium until it was publicly announced. The office sublease will end in 90 days, the company said. Schnatter also came under fire in 2012 for saying the Affordable Care Act could be "lose-lose" for Papa John's franchisees and employees.

Money Target.com Sets One-Day Sale To Combat Amazon's Prime Day
Author: 0 Target.com Sets One-Day Sale To Combat Amazon's Prime Day

Amazon can bill the event as exclusive and catered to its Prime members while also offering trials and ensuring as many customers who want to shop can actually do so on the day. Last year's Prime Day didn't represent a major event for Amazon's stock price. But here's the thing: While there are sure to be some solid bargains, it's a mistake to assume that every deal is the best deal .

Money How to become an Amazon Prime member and how it benefits you
Author: 0 How to become an Amazon Prime member and how it benefits you

BACK TO SCHOOL: The company is making a big push in school supplies for Prime Day. Flipkart Big Shopping Days is also offering good deals on Apple's iPhone X, iPhone SE and iPhone 6s. So what can we expect from Prime Day in the United Kingdom and US? Upgrade from your existing plan to Airtel's Infinity postpaid plan worth ₹499 or above.

Money Soybeans plunge to fresh lows as Trump’s trade war persists
Author: 0 Soybeans plunge to fresh lows as Trump’s trade war persists

Without U.S. soybeans, China can import from South America and countries participating in China's Belt and Road initiative to satisfy its needs for state stocks, said Lu. Prices for soybeans for delivery in November held steady on Thursday. Imports of soybeans in the crop year that starts on October 1 will be 93.85 million tonnes, down 1.8 million tonnes, or 2 percent, from last month's estimate, the Ministry of Agriculture and Rural Affairs said in its monthly crop report.

Money Musk calls mini-sub rescue plan critic ‘pedo guy’ in Twitter tirade
Author: 0 Musk calls mini-sub rescue plan critic ‘pedo guy’ in Twitter tirade

That was enough for Musk to throw a Twitter tantrum, in which he not only questioned Unsworth's knowledge, he said he never even saw Unsworth in the cave, implying he wasn't really all that important to the rescue. In this undated photo released by Royal Thai Navy on Saturday, July 7, 2018, Thai rescue team members walk inside a cave where 12 boys and their soccer coach have been trapped since June 23, in Mae Sai, Chiang Rai province, northern Thailand .