Money

Money Trump insults the Iranian nation, says there is always chance of war
Author: 0 Trump insults the Iranian nation, says there is always chance of war

At their press conference in London Tuesday, Prime Minister Theresa May said while the two governments agreed to work together to avoid escalation by Iran, they "differ on the means of achieving it". When asked if he thought he would need to take military action, he responded that "There's always a chance". When asked whether he was ready to talk to Iranian President Rouhani, he said that "Yeah of course".

Money RBA Boss Warns Banks On Undermining The Economy
Author: 0 RBA Boss Warns Banks On Undermining The Economy

The Reserve Bank had already prepared us for a cut, indicating an easing bias in its May announcement. "The result is that there has been a substantial reduction - at both the short end and the long end - in the cost of banks raising funds in wholesale markets".

Money Nissan Warns FCA-Renault Merger Would Call for Review of Existing Alliance
Author: 0 Nissan Warns FCA-Renault Merger Would Call for Review of Existing Alliance

The French government wouldn't it back the deal unless Nissan agreed to maintain its role in the Renault-Nissan alliance, sources said. The French government, which owns a 15% stake in Renault, had also pushed Fiat Chrysler and Renault for guarantees that France would not lose jobs, and for a dividend to be paid to Renault shareholders, including the government, people familiar with the talks said.

Money Oil falls to lowest since January on economic slowdown
Author: 0 Oil falls to lowest since January on economic slowdown

The Nasdaq closed 2.7% higher, erasing its losses after a steep selloff on Monday driven by worries about tech company regulation. A downward revision by the World Bank in its global growth forecast, the IMF's lower forecast for the Chinese economic growth and data from ADP showing a weak private sector employment growth in the US raised concerns about energy demand and weighed on oil prices.

Money Toyota Says Mexican Tariffs Could Cost Its Suppliers Over $1 Billion
Author: 0 Toyota Says Mexican Tariffs Could Cost Its Suppliers Over $1 Billion

The talks, hosted by US Vice President Mike Pence, will include Secretary of State Mike Pence and several other high-ranking Trump administration officials, according to public schedules published on Wednesday. The letter came from Toyota executive vice president for North America Bob Carter and added that the proposed tariffs will have an effect industry-wide, noting that General Motors is the largest automotive importer from Mexico.

Money Amazon opens pop-up shops to put online brands on the high street
Author: 0 Amazon opens pop-up shops to put online brands on the high street

Nine more Clicks and Mortar shops are planned, and will appear across the United Kingdom - in Wales, Scotland, the midlands, Yorkshire and across the south-east of England. A year ago the United Kingdom government called for proposals for reinvigorating high streets, announcing a ÂŁ675M Future High Streets Fund to help modernise high streets.

Money Amazon Offers One-Day Shipping For Over 10 Million Items
Author: 0 Amazon Offers One-Day Shipping For Over 10 Million Items

It's unclear when Amazon's service will be upgraded, but more than 100 million items now qualify for two-day delivery through its Prime service. The company also said that one-day delivery for Prime is available coast to coast, up from 10,000 cities and towns cited in its Q4 call.

Money Global smartphone shipments may decline 3.1% in 2019
Author: 0 Global smartphone shipments may decline 3.1% in 2019

On Wednesday, May 29, President Trump signed an executive order barring transactions with foreign firms deemed threats to national security. A top Huawei executive said Tuesday that the company is willing to sign a "no-spy agreement" with the United States to reassure US leaders who say the company's technology could be used for surveillance.

Money US government takes aim at tech giants with antitrust probes
Author: 0 US government takes aim at tech giants with antitrust probes

Facebook suffered the biggest fall, with shares diving as much as 9.3 per cent after it emerged that the Federal Trade Commission is set launch an investigation into how the social media giant affects competition in the sector. The FTC is already investigating Facebook for possible privacy violations. Facebook said in April that it expected to be fined up to $5 billion by the regulator.

Money Google facing USA antitrust investigation
Author: 0 Google facing USA antitrust investigation

Following WSJ's report , The New York Times reported that a new antitrust task force at the FTC has referred complaints about Google to the DOJ, leading to the Justice Department preparing a new antitrust investigation against the company.

Money China issues general US travel alert amid trade tensions
Author: 0 China issues general US travel alert amid trade tensions

China warned its companies operating in the United States on Tuesday they could face harassment from USA law enforcement agencies, as it also rebuffed US criticism of a trade white paper as "singing the same old tune". The white paper released Sunday also pushed back on United States officials' accusations that China had backtracked during negotiations. "It is important to note that the impetus for the discussions was China's long history of unfair trade practices", the Treasury Department ...

Money Elon Musk gets Cuphead up-and-running in Teslas
Author: 0 Elon Musk gets Cuphead up-and-running in Teslas

Elon Musk has already indicated that the Tesla can act like one giant gaming device, so of course it's a natural fit for. Released in 2017, Cuphead is a notoriously hard game with a lovely, hand-drawn visual style. For markets like the USA, pickups make up a big chunk of the vehicle market so it makes a lot of sense for Tesla to also deal in this segment. The warning comes after Tesla's share price slumped to a two-and-a-half-year low, after scepticism over the demand for its ...

Money Mega Millions jackpot rises to $475 million with no winner Friday
Author: 0 Mega Millions jackpot rises to $475 million with no winner Friday

The money price is estimated at $221 million. The next Powerball jackpot drawing is Saturday night. Just days later, another Mega Millions victor was announced. The ticket owner will have the choice of taking home $344.6 Million in 30 payments over 29 years or a lump sum payment of $223.3 Million. Some winners believe that their survivors will get nothing or be forced to deal with estate tax problems if they choose installments.

Money Compute Engine Hiccup Takes Out Google Cloud, YouTube Across East Coast
Author: 0 Compute Engine Hiccup Takes Out Google Cloud, YouTube Across East Coast

In addition to popular social media sites, Google Cloud is relied on by a variety of large-scale companies, including Weight Watchers, PayPal and Target. The issue appears to be regional, however, with anecdotal reports indicating not everyone is affected. Google pointed to "high levels of network congestion in the eastern United States of America, affecting multiple services in Google Cloud , G Suite and YouTube".

Money Trump steps up attacks on Mexico, tariff threat called 'deadly serious'
Author: 0 Trump steps up attacks on Mexico, tariff threat called 'deadly serious'

US border agents have apprehended an increasing number of people, largely from Guatemala, Honduras and El Salvador, who crossed the southern USA border in recent months, many of them hoping to win asylum to stay in the U.S. Lighthizer supports the president and what he's doing, including in working with Congress to drum up bipartisan support to get the USMCA deal approved, said USTR spokesman Jeff Emerson in an emailed reply to a request for comment.

Money Oil prices fail to recover from three-month low
Author: 0 Oil prices fail to recover from three-month low

Experts said the move could hit the longstanding lucrative cross-border energy trade, especially hitting USA refiners that use Mexican oil. West Texas Intermediate crude for July fell as much as $1.76, or 3.1%, to $54.83 a barrel on the New York Mercantile Exchange, the lowest since March 8.

Money Valuation of Elon Musk's SpaceX Hits $33.3B
Author: 0 Valuation of Elon Musk's SpaceX Hits $33.3B

The halving of a federal tax incentive for Tesla purchases starting in January dragged on USA demand in the quarter, and Tesla struggled to offset that drop by starting deliveries of the Model 3 in Europe and China . It's also worth noting that the company today launched the China-made Model 3 in China. Keeping prices in check will also help Tesla fend off competition from a swathe of domestic EV startups such as Nio Inc, Weltmeister and XPeng Motors , as well as established ...

Money US cuts off India preferential trade access
Author: 0 US cuts off India preferential trade access

After imposing unilateral trade measures separately on China and Mexico during the past seven days, President Trump opened another front targeting India this time. The decision to end the GSP may not entirely be influenced by high tariffs imposed by India on United States imports. Indian officials had previously raised the prospect of higher import duties on more than 20 USA goods if Trump dropped India from the program but there was no mention of that in the response.

Money Trump's US Department of Energy Renames Fossil Fuel Products as 'Freedom Gas'
Author: 0 Trump's US Department of Energy Renames Fossil Fuel Products as 'Freedom Gas'

The concept of " freedom gas " may seem amorphous, but it's actually being measured down the the smallest unit. A release from the U.S. Department of Energy touting the approval of increased domestic exports of liquefied natural gas (LNG ) from the Freeport LNG terminal in Texas, said the new order would allow more "molecules of U.S.

Money Australia's minimum wage rises slowly as growth, inflation cool
Author: 0 Australia's minimum wage rises slowly as growth, inflation cool

It estimated that in 2018 there were 1.6 million jobs paying people the National Living Wage. "We have made a decision to award a lower increase this year then that awarded last year having regard to the changes in the economic environment, in particular, the recent fall in GDP growth and the drop in inflation", he said.

Money Oil Prices Slide On Escalating Trade Tensions And Demand Concerns
Author: 0 Oil Prices Slide On Escalating Trade Tensions And Demand Concerns

The EIA today said crude oil inventories decreased by 0.3 million barrels during the week ending May 24 compared to analysts' forecast for a decrease of 0.8 million barrels. Oil prices have been supported this year by output cuts from the Organization of the Petroleum Exporting Countries and other major producers, as well as by falling supplies from Opec members Iran and Venezuela due to U.S.

Money United States starts collecting increased 25% tax on $200bn of Chinese imports
Author: 0 United States starts collecting increased 25% tax on $200bn of Chinese imports

Washington and Beijing resumed their trade battle last month when trade talks in the U.S. ended without a deal, with American negotiators accusing Chinese negotiators of reneging on previous commitments. Blue Line CEO Jon Blumenthal on rare earths and the mounting trade war with China. "This is utilizing a trade policy tool to enforce policy outside of trade, and that sets a concerning precedent and leaves investors wondering how else tariffs could possibly be used", says Kristina ...

Money Uber posts $1bn loss in first earnings report following IPO
Author: 0 Uber posts $1bn loss in first earnings report following IPO

Meanwhile, Uber Eats , the company's food delivery business, jumped 89% year over year, generating $536 million for the quarter. "With a bit more distance from their IPOs and now having both reported 1Q earnings , we view the congruous commentary from Lyft and Uber as favorable for the industry, and a positive catalyst for Lyft shares", Anmuth wrote.

Money Amazon wants to buy Boost after the T-Mobile-Sprint merger
Author: 0 Amazon wants to buy Boost after the T-Mobile-Sprint merger

T-Mobile and Sprint have announced their intent to sell Boost Mobile should their $26.5 billion merger go through, and it looks like there's an unlikely candidate to pick up the MVNO: Amazon. USA wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.

Money Air Canada ‘anticipating a normal day’ after system wide outage resolved
Author: 0 Air Canada ‘anticipating a normal day’ after system wide outage resolved

YVR spokesman Brock Penner advised Air Canada passengers Wednesday to check their flight status on yvr.ca and leave extra time for check-in and bagging processing. "Air Canada experienced limited issues at check-in kiosks this morning, which was resolved by using agents at the check-in desks", said the airport's spokesperson.

Money Dollar Tree items will soon cost you more than $1
Author: 0 Dollar Tree items will soon cost you more than $1

It essentially means that some locations will sell items for more than the usual price of $1. Dollar Tree shoppers you better start checking price tags or you may end up spending more than you planned. Dollar General and Dollar Tree alone are expected to have 50k stores in the next few years. The company will also re-brand about 200 stores as Dollar Tree.

Money Trump Takes MAJOR Action Against Mexico To Stop Illegal Immigration
Author: 0 Trump Takes MAJOR Action Against Mexico To Stop Illegal Immigration

After complaining for years about the United States trade deficit with China, Mr Trump has imposed tariffs on hundreds of billions of dollars worth of goods coming from the country. "Additionally, Mexico could quickly and easily stop illegal aliens from coming through its southern border with Guatemala". McAleenan identified three specific points: boosting operational border security on Mexico's border with Guatemala, attacking transnational smuggling operations, and working with the USA on ...

Money New changes coming to Uber guidelines for passenger behavior
Author: 0 New changes coming to Uber guidelines for passenger behavior

If a rider loses access to the ride-sharing services, they will receive tips on how to improve their ratings. " Drivers have always been expected to meet a minimum rating threshold which can vary city to city", Uber said. A passenger's rating is the average of the ratings they have received from drivers. For more information on Uber's Community Guidelines , visit the company's website .

Money China dangles a potentially harmful new threat in trade war
Author: 0 China dangles a potentially harmful new threat in trade war

In a commentary headlined "United States, don't underestimate China's ability to strike back", the official People's Daily noted the U.S. "uncomfortable" dependence on rare earths from China . Chinese people must not agree. A severe shortage would likely mean that the Department of Defense got first dibs on rare earths for national security purposes, Andrew Coflan , an analyst at Eurasia Group , tells NPR.