Money

Money Milestones: Apple's road to being a trillion-dollar enterprise
Author: 0 Milestones: Apple's road to being a trillion-dollar enterprise

The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago. Apple has won the race to a $1 trillion valuation ahead of its so-called FAANG rivals (Facebook , Amazon , Netflix , Google ). "We returned nearly $25 billion to investors through our capital return programme during the quarter, including $20 billion in share repurchases".

Author: 0 China says it's ready to retaliate on latest USA tariff threat

United States trade representative Robert Lighthizer had said on Wednesday that he had secured the green signal from Trump to consider raising the tariffs from the earlier planned 10% to 25% under an ongoing Section 301 targeting Chinese goods on grounds of alleged theft and forced transfer of technologies from U.S.

Money Retailers Cash in on Sales Tax Holiday Weekend
Author: 0 Retailers Cash in on Sales Tax Holiday Weekend

Unlike previous year, however, the sales tax doesn't apply to computers. For the impulse buyers out there, there is no rule that purchases made during Tax Free Weekend have to be final. Individual retailers are also offering back-to-school deals, specials and sales in addition to the tax-free holiday . School supplies will include book bags and coloring crayons.

Money Google is planning a censored version of its search engine for China
Author: 0 Google is planning a censored version of its search engine for China

It is a version of Google Search which complies with the censorship rules the Chinese government imposes on internet services, meaning any and all terms the government deems unfit for public consumption will be removed from search results. Google's search engine and other services are in the same predicament. The project - code-named Dragonfly - has been underway since spring of past year, and accelerated following a December 2017 meeting between Google's CEO Sundar Pichai and a top ...

Money HISTORY: Apple Becomes First TRILLION DOLLAR COMPANY in US History
Author: 0 HISTORY: Apple Becomes First TRILLION DOLLAR COMPANY in US History

Jobs eventually introduced popular products such as the iPod and iPhone that subsequently drove Apple's rise. Adjusting for four stock splits over the years, Apple debuted on the stock market for the equivalent of 39 cents a share on December 12, 1980, compared to Thursday's high of $207.05.

Money Bank of England hikes interest rates to 0.75%
Author: 0 Bank of England hikes interest rates to 0.75%

Saver or borrower? Interest rates have risen. "They can expect a rise to their savings, albeit a small one". Why are they doing this now? In June, the repo rate or the benchmark lending rate was raised for the first time in over four years, by 25 basis points to 6.25 percent.

Money Apple hits record $1T USA stock market valuation
Author: 0 Apple hits record $1T USA stock market valuation

Apple, the world's most valuable publicly traded company, became first to reach the milestone $1 trillion market value. Its shares then hit a record high of $207.05, crowning a decade-long rise fueled by the ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.

Author: 0 China threatens retaliation if U.S. doubles proposed tariffs

The White House says the tariffs are a response to China's unfair trade policies, which Mr Trump blames for helping to create a huge trade deficit. "China's trade abuses need to be addressed, but tariffs are not the answer", the National Retail Federation said.

Author: 0 Google to launch heavily censored version in China

As The Intercept reports, a small team within Google have been working on a project called Dragonfly since the spring of 2017. The new app, which has already been demonstrated to the Chinese government and is pending approval, was designed in California, with the help from other global Google teams, the report notes.

Money Up to 10 million customers now affected
Author: 0 Up to 10 million customers now affected

Dixons Carphone revealed on Tuesday that about 10m records containing personal data may have been accessed in a data breach a year ago, up from its original estimate of 1.2m customers. However, the number of accounts accessed makes it one of the largest breaches to involve a United Kingdom company. The National Crime Agency said after the announcement in June that it is working with the National Cyber Security Centre , the Financial Conduct Authority and the Information Commissioner's ...

Author: 0 Indian central bank raises rates for second time

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. The Bank of England has raised the interest rate for only the second time in a decade. It said the outlook for the global economy was a bit gloomier, partly owing to the trade war between the USA and China which has seen tariffs imposed on a range of goods.

Money Huawei beats Apple to become second-largest smartphone maker
Author: 0 Huawei beats Apple to become second-largest smartphone maker

Statistically, the Chinese company sold more than 54 million units of its smartphones during the second quarter of this year, giving the company a 15.8% market share. "The steady focus on high-end flagship smartphones and unprecedented community connect helped OnePlus earn user trust and spread brand awareness through word of mouth", said Neil Shah, Partner and Research Director, IoT, Mobile and Ecosystems, Counterpoint Research .

Money Durex recalls condoms over split worries
Author: 0 Durex recalls condoms over split worries

But it had decided to make the recall after "working closely with the relevant regulatory authorities". The affected batch numbers are as follows: Durex Latex Free 12-Pack -Sku number 3014272: Batch numbers 1000444367 - expiry February 2021 and 1000433145 expiry January - 2021.

Author: 0 Trump administration confirms plan to raise China import tariff to 25 percent

We were particularly heartened that Trump and the Europeans now have a handshake agreement to aim for zero tariffs on both sides of the Atlantic. The U.S. Before Trump's proposal was made public, the Chinese government claimed on Wednesday that United States "blackmail" and pressure on its exports are "not going to work".

Money Secret TSA program tracked random, innocent travelers
Author: 0 Secret TSA program tracked random, innocent travelers

Although TSA declined to even confirm the existence of Quiet Skies-a spokesman claimed disclosing such information "would make passengers less safe"-in addition obtaining to internal records, the Globe spoke with marshals who "say the program has them tasked with shadowing travelers who appear to pose no real threat-a businesswoman who happened to have traveled through a Mideast hot spot, in one case; a Southwest Airlines flight attendant, in another; a fellow federal law enforcement ...

Author: 0 USA proposes higher tax on $200 billion in Chinese imports

The change isn't final yet and may not go forward after a public review, the people said. Holding an open door to talks while threatening worse consequences represents yet another increase in tension in the months-long standoff between the world's two largest economies over trade.

Money RBI hikes lending rate, loans likely to become dearer
Author: 0 RBI hikes lending rate, loans likely to become dearer

This is the second time in a row that the RBI has hiked its key lending rate. The monetary policy committee of a country uses the reverse repo rate as a tool to control the money supply in the country. But in all respects, the central bank's policy statement was anything but neutral. "Given the upside risks to inflation, discussed extensively, another policy rate hike can not be ruled out", he said.

Money Tesla aims to build 6,000 Model 3s per week by late August
Author: 0 Tesla aims to build 6,000 Model 3s per week by late August

That put it on track to retake the title of most valuable USA automaker from General Motors Co (GM.N). After the results were posted, Tesla issued a statement saying that it plans to churn out from 50,000 to 55,000 vehicles in the third quarter, an ambitious goal, given its recent frantic scramble to increase output to 5,000 cars a week.

Author: 0 BOJ says rising female, senior workers keeping inflation low

The yen fell 0.4 percent to 111.49 per dollar, the weakest in more than a week. As noted by FXStreet's own Yohay Elam , movement from the BoJ on bond-buying led traders to once again suspect a "stealth taper" from the Japanese central bank , but expectations of an early exit from stimulus programs could again slap the hands of over-eager JPY traders: "the BOJ has been reducing its bond buys of late, allowing the 10-year yield to edge up above the 0% target".

Money US slaps sanctions on Turkey ministers over detained pastor
Author: 0 US slaps sanctions on Turkey ministers over detained pastor

In the news release announcing the sanctions, Treasury Secretary Steve Mnuchin called Brunson's detention "unjust" and "simply unacceptable". The penalties announced Wednesday, which aim to punish the chiefs of Turkey's ministries of justice and the interior, mark a significant escalation in the recent frictions between the two key North Atlantic Treaty Organisation allies.

Money Wraps and salads sold at Kroger, Walgreens recalled due to parasite concern
Author: 0 Wraps and salads sold at Kroger, Walgreens recalled due to parasite concern

The products were produced between July 12 and July 18, and contain a "best by" date ranging from July 18 to July 23. The products were sold by grocery stores including Trader Joe's, Walgreens and Kroger . The FSIS encourages anyone concerned about an illness to contact their health-care provider. "Symptoms may seem to go away and then return one or more times (relapse)".

Money Yemen's Houthis propose ceasefire initiative
Author: 0 Yemen's Houthis propose ceasefire initiative

Yemen, where a Saudi-led coalition has been battling the Houthis in a three-year war, borders the strait, which connects the Gulf of Aden to the Red Sea and is one of the world's most important trade routes for oil tankers. He warned that United Nations envoy Martin Griffiths should be aware they were "buying time" and that the halted offensive - paused to allow diplomatic efforts - could not be paused indefinitely.

Author: 0 RBI hikes repo rates by 25 basis points

While Repo rate is the rate at which the central bank lends money to the banks, the reverse repo rate is the rate at which banks lend money to the RBI. While banks are yet to react to the policy, two back-to-back hikes by the RBI may prompt some action given that after the last raise, banks had not passed on the burden to customers.

Money JLR drags Tata Motors to Rs. 1,863 cr. loss, biggest since 2009
Author: 0 JLR drags Tata Motors to Rs. 1,863 cr. loss, biggest since 2009

Revenue increased 83% to Rs. 16,803 crore as it grew from a low base in the same period previous year, top company officials said. Commenting on the domestic business, Tata Group Chairman Natarajan Chandrasekaran said the company continues to gain market share while strongly improving profitability in both commercial vehicles and passenger vehicles.

Money Uber Shuts Down Controversial Self-Driving Truck Unit
Author: 0 Uber Shuts Down Controversial Self-Driving Truck Unit

A statement provided by Uber Advanced Technologies' head Eric Meyhofer explained the change, saying in part that Uber "believes having our entire team's energy and expertise focused on this effort is the best path forward". Months later, Waymo and Alphabet (Google's umbrella company) said that Otto's co-founder, Anthony Levandowski, had raided Waymo's design server . The two companies eventually reached a settlement in which Uber paid Waymo $245 million worth of Uber's private shares at ...

Money Huawei snatches the #2 spot from Apple in the global smartphone market
Author: 0 Huawei snatches the #2 spot from Apple in the global smartphone market

The data refers to the second quarter of the year, when Apple sold 41 million smartphones, growing one percent year-on-year. In the premium smartphone segment ( INR 30,000 or $437), however, it seems Samsung is having a tough time in India, at least according to a report from Counterpoint Research.

Money Apple Closes In on $1 Trillion Market Cap With Q3 Earnings Beat
Author: 0 Apple Closes In on $1 Trillion Market Cap With Q3 Earnings Beat

Propelled by the rise of Apple Music and app subscriptions, services have quickly become a major revenue contributor for the company. Apple said iPhone shipments edged about 1% higher. Mr Maestri said sales from Apple Care, the company's warranty offering, were up 27 per cent versus a year ago, though the company did not disclose a dollar figure for sales.

Author: 0 MoviePass is raising its price and cutting access to blockbusters

These changes come days after the MoviePass app went down for subscribers last Thursday, when Mission: Impossible - Fallout premiered. MoviePass parent company announced Tuesday that subscribers will begin paying $14.95 and will have limited access to blockbuster films, citing a need for a "cost-reduction and subscription revenue increase".

Author: 0 MoviePass Is Raising Prices to $14.95, Limiting Blockbusters

MoviePass confirmed Tuesday that the new Tom Cruise movie is the first film under the new policy of limiting major releases, which MoviePass says can be avoided should a studio decide to partner up with the service. The lack of cash has resulted in a couple of unwelcome outcomes for MoviePass subscribers such as the Standard Plan being hiked from $9.95 to $14.95 and restricted access to watching big releases such as " The Meg " or " Christopher Robin ".

Money Homeless man gets more than 200 job offers after handing out resume
Author: 0 Homeless man gets more than 200 job offers after handing out resume

She took a picture of him and his resume and posted it to social media, writing if "anyone in the Silicon Valley could help him out, that would be unbelievable". Scofield also posted a photo of Casarez's resume. Scofield, who has almost been homeless herself, says seeing Casarez's clean pressed shirt, shined shoes, and college degree shattered stereotypes of what it means to be homeless in Silicon Valley.