Money

Money Chinese companies flee overseas to avoid US tariffs
Author: 0 Chinese companies flee overseas to avoid US tariffs

Over the weekend, President Trump acknowledged via a tweet (how else) that Apple might raise prices on some of its products as a result of the president's proposed $200 billion tariffs on China. An Apple spokesman did not immediately respond when asked for comment. "It is hard to see how tariffs that hurt US companies and USA consumers will advance the Government's objectives with respect to China's technology policies".

Money Apple could be tax free if it makes products in the US
Author: 0 Apple could be tax free if it makes products in the US

Levine later expanded that last point with a tweet highlighting how large Ford's manufacturing presence is in the U.S. The higher expense of US labor would likely boost the price of Apple products by 20 percent, CNBC .com reported, citing Bank of America Merrill Lynch.

Author: 0 Top White House Economist Says Trump's GDP Claim Was Wrong

Official data show this has happened frequently in the post-World War II era, according to AFP fact-checking, and the White House acknowledged Monday the tweet was incorrect. Asked if Obama ever said that, Hassett pleaded ignorance. Of course, Obama never said that. And with regard to Obama's claim? Hassett said he could not explain how Trump obtained the false information.

Money Rise in fuel price not because of BJP: Ravi Shankar Prasad
Author: 0 Rise in fuel price not because of BJP: Ravi Shankar Prasad

Giving an example, the official said if petrol is at Rs 83, then Rs 20 goes to states as taxes plus Rs 10 from Centre's devolution. The government has to answer that why is it increasing the prices of fuel. The revised rates are applicable from 6 am from today. Now, three months after, the prices are Rs 84.06, and Rs 77.98. The new rates will come into effect from Tuesday.

Author: 0 Apple says new China tariffs will make Apple Watch, AirPods costlier

In a tweet Sunday , Trump said Ford's decision not to import a new sport-utility vehicle from China means the Focus Active "can now be built in the U.S.A". Ford had once planned to move production of the Focus to Mexico, drawing rebukes from Trump leading up to the 2016 election. "Exciting!" Trump said in the tweet .

Author: 0 Trump and Apple now at war

The profit margins were simply too small to be worth it. Pulling the plug on the low-volume Focus Active won't be hugely significant to Ford's business because it sells more than 2.5 million vehicles annually in its home market. While Democrats, and the American left, rarely shy away from criticizing the president, even some conservatives and Republicans have criticized Trump's trade policies.

Money Petrol, Diesel Prices At Fresh Record Highs; Andhra Announces Cuts
Author: 0 Petrol, Diesel Prices At Fresh Record Highs; Andhra Announces Cuts

Fuel prices on Saturday, 8 September, continued to soar and hit a new lifetime high, with the price of petrol crossing the Rs 80/litre mark at Rs. 80.38, and diesel at Rs.72.51 per litre. The soaring prices are continuing to burn a hole in the pockets of commuters, one of whom feels he may have to avail bank loans to pay for fuel. In cities like Kolkata, Mumbai and Chennai, a per litre petrol is available at Rs 83.27, Rs 87.77 and Rs 83.54 respectively.

Money Los Angeles Will Limit Popular E-Scooters in Pilot Program
Author: 0 Los Angeles Will Limit Popular E-Scooters in Pilot Program

Lyft says scooters and bikes offer an affordable option for people without cars to get to transit more conveniently. Samponaro said Lyft has received a ton of demand from cities interested in scooters. The dockless Lime and Bird scooters have proliferated in Westside communities over the previous year, leaving local governments scrambling with how to regulate them.

Money China's trade surplus with United States hit new record in August
Author: 0 China's trade surplus with United States hit new record in August

But the tariffs do not appear to have dented the appetite for Chinese-made products in the United States. "That totally changes the equation", Mr Trump said. Analysts do not see any resolution of the trade dispute until after the USA has its mid-term election on Nov 6 and, possibly, until early next year.

Money Tesla Accounting Chief Quit After Elon Musk Ignored Pitfalls of Going Private
Author: 0 Tesla Accounting Chief Quit After Elon Musk Ignored Pitfalls of Going Private

Meanwhile, Tigress Financial Partners analyst Ivan Feinseth told Reuters that Musk "should not tweet about things outside of vehicle production and the auto industry". It's safe to assume that members of Tesla's finance team were working overtime on issues related to the proposal during Morton's month at Tesla. In addition, Bloomberg News reported that Tesla's head of human resources, Gaby Toledano, would not be returning from a leave of absence.

Money Les Moonves Has Reached a Settlement to Leave CBS
Author: 0 Les Moonves Has Reached a Settlement to Leave CBS

According to Deadline , the Moonves responded to the New Yorker report in a statement that claimed three of the six accusations were from women with whom he had consensual encounters. As CEO of CBS , Moonves has a tremendous amount of power over the board of directors, and while his contract stipulates that he can be fired sans compensation over sexual harassment, there are still a number of provisos in place that grant the CEO a golden parachute of up to $100 million dollars.

Money Canada job losses surprise, but rate hike still expected
Author: 0 Canada job losses surprise, but rate hike still expected

Windsor's rate is now tenth highest among 34 larger Canadian cities. Red Deer's unemployment rate in August 2017 was 5.6 per cent. Ontario experienced the biggest decrease of the provinces by far with a loss of 80,100 jobs - nearly all of which were part-time positions.

Money CBS negotiating exit of CEO Les Moonves
Author: 0 CBS negotiating exit of CEO Les Moonves

Media company CBS's board has reportedly offered chief executive officer Les Moonves a US$100 million exit package. If Moonves does leave the network, Joseph Ianniello is likely to be named as an interim successor, the Times said. His compensation reflects his value to the company: The New Yorker reports that he earned almost $70,000,000 a year ago, making him one of the highest-paid executives in the world.

Money Obama less combative in California speech
Author: 0 Obama less combative in California speech

Ahead of the midterm elections in November, Obama urged young people to cast their votes, "because our democracy depends on it". He totally does, and he is--his speech , when you listen to it, which I did, it's the same exhausted boring resist talking points that we heard", "He couldn't even say " President Trump .' He said 'Donald Trump " twice in the speech...

Author: 0 Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh

So a litre of petrol in Mumbai will now cost about Rs 87.77 and diesel about Rs 76.98 per litre. The Central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine installments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October previous year by Rs 2 a litre.

Money ScottishPower customers set to save most from price cap
Author: 0 ScottishPower customers set to save most from price cap

The cap - to be introduced at the end of December - will limit profiteering suppliers to charging a maximum £1,136 a year for a typical dual-fuel energy customer paying by direct debit. Iberdrola SA's Scottish Power and Innogy SE's Npower, which have the most expensive SVTs according to price comparison website MoneySuperMarket, will be hit harder than their United Kingdom peers.

Money Amazon and Bernie Sanders at it again: Sanders introduces 'Stop BEZOS Act'
Author: 0 Amazon and Bernie Sanders at it again: Sanders introduces 'Stop BEZOS Act'

By sponsoring the " Stop BEZOS Act" with the support of Rep. Ro Khanna (D-Calif.), Sanders is taking aim at the companies that he believes are holding Americans back from overcoming poverty. Bernstein's second concern is that the bill could encourage what he called "statistical discrimination", or employers actively avoiding hiring people they suspect could be on federal assistance.

Money South Korea's Post Service Approaches Goldman to 'Learn' Cryptocurrency
Author: 0 South Korea's Post Service Approaches Goldman to 'Learn' Cryptocurrency

Following a yearly low point on August 14, crypto markets had started to recover; only to have all of this wiped out in one bearish swoop, dumping billions out of digital assets. One of the sources stated that the bank's executives believe that several steps have to be taken, majority outside the firm's control before they can make a legitimate foray into cryptocurrency trading.

Money Ford recalls two million F-150 trucks to address seatbelt fire concerns
Author: 0 Ford recalls two million F-150 trucks to address seatbelt fire concerns

Ford says some seat-belt pretensioners can generate excessive sparks when they tighten before a crash. The pretensioners also let off gas when they activate, and the sparks might cause that gas to ignite within the vehicle's B-pillar. The National Highway Traffic Safety Administration said that "two fires self-extinguished, while the other three vehicles were totally destroyed by the fire".

Money Trump turns up the heat in trade conflict with China
Author: 0 Trump turns up the heat in trade conflict with China

China has warned that it would retaliate with import taxes on $60 billion worth of USA goods. Trump has been locked in a trade dispute with Beijing over China's policy of forcing United States companies to hand over trade secrets, as a price of doing business in China.

Money Weed, whiskey, Tesla and a flamethrower: Elon Musk meets Joe Rogan
Author: 0 Weed, whiskey, Tesla and a flamethrower: Elon Musk meets Joe Rogan

At the same time that a video of Musk's wacky weed affair was going viral, reports surfaced that two top execs at the embattled electric-car maker abruptly departed. Some saw Musk's smoke break as a way to make a more serious point, and many pointed out that Musk's puff was perfectly legal in California , where he recorded the podcast .

Money Burberry to drop real fur from fashion line
Author: 0 Burberry to drop real fur from fashion line

Burberry has come under fire for burning millions of dollars worth of products. Many retailers have been called out in recent years for destroying unsold stock, including by slashing or punching holes in garments before throwing them out.

Author: 0 Canadian tariffs hit imports of some USA goods in July

Data showed that exports dropped 1 percent from the previous month, while imports remained broadly unchanged in July. They attributed a majority of the positive gains to higher energy prices. Exports of Canadian aluminum subject to Trump's tariffs were down 2.0 per cent in July, on top of a 4.7 per cent decline in June. Exports of steel products to the US that were subject to a 25% tariff rose 16.4% in July on a customs seasonally adjusted basis, following a 36.3% decline in June.

Money U.S. job growth surges; wages notch largest annual growth since 2009
Author: 0 U.S. job growth surges; wages notch largest annual growth since 2009

Government employment fell 3,000 in August. Alberta gained 16,200 jobs last month, 11,000 of which were full time, for an overall increase of 0.7 per cent. That lowered the participation rate, or share of working-age people in the labor force, to 62.7% from 62.9% the prior month. The details across industries showed manufacturing payrolls fell by 3 000 in August, breaking an nearly yearlong streak of solid gains and missing the median estimate for a 23 000 increase.

Money Asian friends pull off epic prank of Pearland McDonald's
Author: 0 Asian friends pull off epic prank of Pearland McDonald's

Jevh, who has Filipino heritage, decided it was time to fix this and enlisted his friend Christian Toledo to help. So Maravilla and Toledo, both Filipino-American, made a decision to create their own ad for a blank space on the wall. So far, McDonald's has not responded to a request for a statement but the friends have high hopes for their response. Jevh Maravilla detailed the unusual caper in a YouTube video entitled "We Became McDonald's Poster Models", which explained how he and ...

Money Obama speaks at U of I: Trump is ‘capitalizing on resentment’
Author: 0 Obama speaks at U of I: Trump is ‘capitalizing on resentment’

The speech at the University of IL at Urbana-Champaign comes ahead of Obama's first campaign events of the midterms: a rally for a handful of Democratic congressional candidates in California on Saturday and an event for Richard Cordray , the Democratic gubernatorial candidate in OH, next Thursday.

Money Fuel price hike: Petrol, diesel prices breach record levels on Friday
Author: 0 Fuel price hike: Petrol, diesel prices breach record levels on Friday

Diesel is now priced at Rs 72.07 a litre in Delhi and Rs 76.51 per litre in Mumbai. In Bengaluru, the petrol is sold at Rs 82.60 and diesel at Rs 74.39. Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel. State-owned oil marketing companies (OMCs) have again increased the price of sensitive petroleum products such as petrol and diesel in the country on Friday.

Money Goldman Sachs Drops Bitcoin Trading Desk Plan
Author: 0 Goldman Sachs Drops Bitcoin Trading Desk Plan

Some are claiming that the news is likely to keep bitcoin and cryptocurrency down for good - that this was the highlight of digital money's journey towards legitimacy, and the barricades will be too much to handle without Goldman Sachs' help.

Money U.S., Canadian trade negotiators set for second day of talks
Author: 0 U.S., Canadian trade negotiators set for second day of talks

Congress, meanwhile, has met the deal with some skepticism. Mexican Economy Minister Ildefonso Guajardo said on Tuesday he was hopeful USA and Canadian officials can reach a deal by Friday to enable a three-way accord in the renegotiation of the North American Free Trade Agreement ( NAFTA ).