Money

Money Fed Chair Powell says he would not quit if Trump asked
Author: 0 Fed Chair Powell says he would not quit if Trump asked

Asian shares turned mixed on Wednesday while rising Treasury yields lifted the dollar as markets wondered if the world's most powerful central banker would confirm or confound expectations for U.S. The president has been Powell's harshest critic, and in recent days hinted about his authority to demote or fire him. The Fed has raised rates nine times since 2015, four increases coming under Powell's leadership.

Money IBM completes landmark $34 billion acquisition of Red Hat
Author: 0 IBM completes landmark $34 billion acquisition of Red Hat

And they need partners they can trust to manage and secure these systems. Analysts predict that the Red Hat acquisition should provide more opportunities for IBM for its cloud business to grow. The company lags behind Amazon and Microsoft in the cloud infrastructure business. IBM's offerings have evolved to reflect new customer needs and drive greater growth.

Money Chinese factory prices flatten, but consumer prices jump in June
Author: 0 Chinese factory prices flatten, but consumer prices jump in June

The change in the PPI was the lowest since August 2016 when the index last fell year-on-year. A cooling in producer prices, seen as a gauge of industrial demand that gives momentum to investment and profits in the Chinese economy, may rekindle worries about deflation and prompt the authorities to launch more aggressive stimulus.

Money Instagram is bringing this big change to its comments section
Author: 0 Instagram is bringing this big change to its comments section

By stripping trolls of their power, without them even knowing, it will enable users to feel more in control of their account. That's why Instagram has been working on two new features to help combat this epidemic. As it turns out, it's not always that simple. In addition, some of these actions "make it hard for a target to keep track of their bully's behavior".

Money Gold slips as dollar strengthens ahead of Powell's testimony
Author: 0 Gold slips as dollar strengthens ahead of Powell's testimony

Observers said that while a big cut - of 50 basis points - has all but been dismissed, the Fed is expected to unveil at least a 25 point reduction at its next gathering this month. Futures for the S&P 500 sifted off 6.5 points, or 0.2%, at 2,975.50. Germany's DAX declined 0.4% to 12,285, while Britain's FTSE 100 fell less than 0.1% to 7,533.

Money Burger King, yes Burger King is now selling tacos
Author: 0 Burger King, yes Burger King is now selling tacos

Starting on July 9, the fast-food giant Burger King is debuting a $ 1 Crispy Taco . It's not just Jack, either: For years, Burger King has apparently gazed upon these flat, folded tortillas and wanted in on the action - so once again, the King is launching its own royal take on low-cost burger chain "tacos".

Money Tesla to Upgrade All Its Older Vehicles
Author: 0 Tesla to Upgrade All Its Older Vehicles

Previously, there were opinions on the Internet that the company should change the interior of the S and X to make them look like the Model 3, but they were not confirmed, at least in the short term. Chip upgrade offered free for those who have Full Self-Driving packageThe Full Self Driving package costs $6,000. The company estimates that there are approximately 500,000 cars that are compatible with the new chip.

Money Steve Jobs was master at 'casting spells' on workers: Bill Gates
Author: 0 Steve Jobs was master at 'casting spells' on workers: Bill Gates

He mentioned that he was yet to meet anyone who could rival Jobs "in terms of picking talent, hyper-motivating that talent, and having a sense of design of, "Oh, this is good". Ive was considered one of the most important people at the tech company and the mastermind behind many of Apple's most popular products. Citing Jobs's opening in 1988 of the NeXT laptop, which ultimately "completely failed", Gates stated, "it was such rubbish, and yet he mesmerized...people".

Money Dress like a cow, get free Chick-fil-A today
Author: 0 Dress like a cow, get free Chick-fil-A today

Have you ever dressed up for Cow Appreciation Day? The only possible downside is that the free entrées for Cow Appreciation Day can not be redeemed with the Chick-fil-A app. "We are excited to celebrate the 15th annual Cow Appreciation Day in our restaurants across the country", Bridges said. It's the company's 15th annual Cow Appreciation Day , and anyone who visits one of the 2,400 restaurants donning cow attire can get a free entree, excluding salad, for breakfast lunch or ...

Money Asian shares hobbled by fading expectations for aggressive Fed rate cut
Author: 0 Asian shares hobbled by fading expectations for aggressive Fed rate cut

Following a stronger than expected non-farm payrolls report on Friday, traders are questioning "the excessive dovish hopes" they had for a Federal Reserve rate cut, said David Madden, an analyst at CMC Markets. The dollar index, which measures the greenback against a basket of rival currencies, rose 0.1% to 97.488, a three-week high. Fed Chairman Jerome Powell's semi-annual testimony to the U.S.

Money CannTrust runs afoul of Health Canada; shares plunge in Toronto
Author: 0 CannTrust runs afoul of Health Canada; shares plunge in Toronto

CannTrust said it had pending applications for production in the five rooms and that licences were eventually obtained in April. In addition, CannTrust has instituted a voluntary hold of approximately 7,500kg of dried cannabis equivalent at its Vaughan manufacturing facility that was produced in the previously unlicensed rooms.

Money Crude mixed as demand worries offset Iran's new nuclear threats
Author: 0 Crude mixed as demand worries offset Iran's new nuclear threats

U.S. West Texas Intermediate crude futures had been down 20 cents, or 0.4%, at $57.46 a barrel. Iran on Monday threatened to restart deactivated centrifuges and step up its enrichment of uranium to 20% in a transfer that additional threatens the 2015 nuclear settlement that Washington deserted final 12 months.

Money Outage problems at Rogers Wireless cause intermittent service
Author: 0 Outage problems at Rogers Wireless cause intermittent service

The degraded quality of service included dropped wireless voice calls and an unspecified number of customers being unable to place or receive wireless voice calls. Sunday. A post on the Rogers website says a national outage of the company's wireless service is causing some customers to report difficulties placing and receiving calls.

Money Whole Foods discounting produce for Prime Day
Author: 0 Whole Foods discounting produce for Prime Day

Will the Prime Day team-up prove profitable for the retailer? EBay said it will launch a "Crash Sale" on July 15 to include "hot deals on top brands" over 50% off, with free shipping - and "if history repeats itself and Amazon crashes that day", eBay will add more deals.

Money Electric VW sportscar shatters McLaren F1 hillclimb record at Goodwood - twice!
Author: 0 Electric VW sportscar shatters McLaren F1 hillclimb record at Goodwood - twice!

This only weeks after the same ID.R vehicle set a record as the quickest auto out of both electric and internal combustion vehicles at Pikes Peak . At that moment in time, the vehicle had 680 horsepower and 479 pound-feet of torque, all thanks to a 43-kilowatt-hour battery pack set alongside an electric motor present at both axles.

Money Turkish Lira Opens Sharply Lower After Sacking of Central Bank's Chief
Author: 0 Turkish Lira Opens Sharply Lower After Sacking of Central Bank's Chief

Cetinkaya was a close political ally of Berat Albayrak , the Ministry of the Economy and President Erdogan's son-in-law and drew criticism past year for failing to raise interest rates fast enough to hold back galloping inflation. Last year's currency free-fall led to inflation, rising food prices and a recession at the end of 2018. Turkey has refused to pull back from the deal.

Money Eye drops recalled over potential 'life-threatening infections'
Author: 0 Eye drops recalled over potential 'life-threatening infections'

According to the FDA, the products are sold exclusively at both stores. Altaire Pharmaceuticals, Inc.is voluntarily recalling eye drops under the Walgreens and Equate or Support Harmony labels. Anyone who has used the eye drops and is experiencing any issues is urged to immediately see a doctor or a healthcare provider. The expiration dates range from August 2019 to May 2022.

Money Amazon Prime Day strike planned for next week by warehouse workers
Author: 0 Amazon Prime Day strike planned for next week by warehouse workers

Wired reported past year that worker's rights platform Organise received a "surge" in health and safety complaints from Amazon warehouse employees on Prime Day. "What we do know is that Amazon's median employee pay is only $28,446 - 9 percent less than the industry average and well below what constitutes a living wage in the United States".

Money Turkey: Key figure resigns from Erdogan’s party
Author: 0 Turkey: Key figure resigns from Erdogan’s party

Former deputy prime minister Ali Babacan resigned from Erdogan's AK Party on Monday citing "deep differences" over the party's direction. The 65-year-old leader has said lower rates are needed to boost an economy that entered its first recession in a decade this year.

Money Gold Edges Higher After Steep Fall
Author: 0 Gold Edges Higher After Steep Fall

Former White House Communications Director Anthony Scaramucci said Sunday he doesn't expect the Federal Reserve to cut interest rates this month, despite President Trump's numerous calls for a lower benchmark federal funds rate. Despite the trade war and fragile global growth, the latest American labour report delivered signs the economy remains on track. Oil prices are fluctuating with West Texas Intermediate crude down 0.1% at $57.40, and Brent crude up 0.2% at $64.30.

Money Seoul denies Japan claim of North Korea sanctions violations
Author: 0 Seoul denies Japan claim of North Korea sanctions violations

President Moon Jae-in in a meeting with senior aides on Monday called for Japan to withdraw what he described as a politically motivated measure and for "sincere" bilateral discussions for the issue. The weird claim that the materials could end up in North Korea was first made on Friday by Koichi Hagiuda, Japan's deputy chief cabinet secretary. Samsung and other Korean companies are now finding it hard to lock down alternative suppliers.

Money Deutsche Bank shares rise after shake-up to cut 18,000 jobs
Author: 0 Deutsche Bank shares rise after shake-up to cut 18,000 jobs

In the event, the bank said it would reduce headcount to 74,000 by 2022. The restructuring intends to take out 6 billion euros in costs. A spokeswoman for Deutsche Bank declined to comment. The bank will set up a so-called bad bank to wind-down unwanted assets, with a value of 74 billion euros of risk-weighted assets. Sewing called the package the "most fundamental transformation" of the bank in decades.

Money Deutsche Bank launches restructuring plan, ending stock trading business
Author: 0 Deutsche Bank launches restructuring plan, ending stock trading business

In a sweeping restructuring , Deutsche Bank announced Sunday that it will cut 18,000 jobs and abandon its global equities sales and trading business. Stephan Szukalski, head of the DBV union, told Reuters that the measures were in the right direction, echoing the sentiment of the Verdi labor union.

Money India to closely monitor shadow lending sector: Sitharaman
Author: 0 India to closely monitor shadow lending sector: Sitharaman

Sitharaman's first budget provided for a one-time, six-month partial credit guarantee to banks to buy assets from NBFCs; the viable assets of NBFCs will be consolidated into a pool of ~1 lakh crore that can be bought by state-owned banks, with the government standing guarantee for the first loss of up to 10%.

Money Dogecoin lists on Binance exchange (So Much Wow)
Author: 0 Dogecoin lists on Binance exchange (So Much Wow)

A listing by premier cryptocurrency exchanges like Binance or Coinbase often leads to a mini-rally in the listed cryptocurrency, and DOGE is no exception. Today, it is one of the most promising projects in the crypto space. Binance's CEO Changpeng Zhao explained that the rabidly loyal community, bolstered by celebs like Musk, was the reason Dogecoin found its way on to the Binance exchange .

Money Labor Market Bounces Back With 224,000 More Jobs in June
Author: 0 Labor Market Bounces Back With 224,000 More Jobs in June

Average hourly wages rose 3.1% from a year ago. The Labor Department's closely watched employment report on Friday suggested May's sharp slowdown in hiring was probably a fluke. The labor-force participation rate, at 62.9%, was likewise little changed, both month over month and year over year. Solid job growth over the past year has caught some economists off guard since they considered 4 percent unemployment equivalent to "full employment".