Money

Money Sex accused Epstein 'misappropriated vast sums' from Victoria's Secret mogul
Author: 0 Sex accused Epstein 'misappropriated vast sums' from Victoria's Secret mogul

Epstein", Wexner said in a letter to members of his charitable foundation , the Wexner Foundation . Epstein was arrested last month and charged with sex trafficking and conspiracy to commit sex trafficking. Wexner disclosed the "misappropriation" of funds for the first time on Wednesday in a letter to his family foundation. Epstein's lawyer, Martin Weinberg, didn't respond to a request for comment from The Epoch Times about Wexner's claim.

Money Walgreens to shutter 200 USA stores as part of cost-cutting plan
Author: 0 Walgreens to shutter 200 USA stores as part of cost-cutting plan

Walgreens , the second-largest drug store chain in the USA with more than 8,200 stores (CVS has more than 9700), has announced they're closing 200 locations. Walgreens is planning to shutter about 200 stores. Most affected employees are expected to be placed elsewhere in the company. In December previous year, Walgreens announced it would seek to take action in an effort to cut costs by 2022.

Money Uber lost more than $5 billion last quarter -- its biggest loss ever
Author: 0 Uber lost more than $5 billion last quarter -- its biggest loss ever

Total revenue rose 14.4% to $3.2bn, but fell short of average analysts' estimates of $3.4bn. Stock related compensation expenses took a huge bite out of its revenue , according to Uber, which operates ride hailing in global markets and has several related transportation services.

Money Brent crude oil price: technical bias turns further negative after 20% drop
Author: 0 Brent crude oil price: technical bias turns further negative after 20% drop

As of Wednesday afternoon, West Texas Intermediate Crude was trading at $51.17 per barrel - down more than 4.5 percent, while Brent Crude was trading around $56.35 per barrel. "Assuming there is no recession, oil demand should continue to see robust growth", Commerzbank said in a note. According to a recent poll by Reuters, the majority of analysts believe that if the Federal Reserve gives in to President Trump's demands for rate cuts up to 50 percentage points, the dollar's dominance in ...

Money Stocks drop as bond surge warns of looming recession
Author: 0 Stocks drop as bond surge warns of looming recession

The Standard & Poor's 500 hit a two-month low before clawing back to about a 1 percent drop an hour into trading. So, while the RBI might well go in for a rate cut in August, it will be interesting to watch its tone. The gains on Tuesday came a day after USA stocks' biggest percentage drop of the year and a sharp fall in the Chinese currency. The S&P 500 fell 68 points, or 2.3%, to 2,863.

Money Walmart will continue selling guns
Author: 0 Walmart will continue selling guns

The logo of the supermarket Lider of the retailer Walmart is seen in Santiago, Chile, July 10, 2019. "Walmart is such a major player. that if they really chose to lean into this issue, we could see some real change". Walmart's gun policies have changed over time. "We are focused on supporting our associates, our customers and the entire El Paso community", spokesman Randy Hargrove told AFP.

Money US, UK regulators ask Facebook how Libra will protect personal data
Author: 0 US, UK regulators ask Facebook how Libra will protect personal data

Senators were generally very critical of Libra and were concerned about the cryptocurrency in connection with Facebook's reputation for privacy. Her comments come as she added her name to a letter with other regulators from the US, Canada, Australia and the European Union asking the social media giant to explain how it plans to handle people's sensitive financial data when it launches its new Libra currency.

Money Walmart's Flipkart to add free movies, videos streaming to its app
Author: 0 Walmart's Flipkart to add free movies, videos streaming to its app

Flipkart Plus launched its rewards program in 2018 when Amazon Prime was already an established presence in India, boasting original shows and a library of Bollywood and regional language films to go along with global fare. As per the reports of Money Control , Flipkart is testing its new service in beta mode and likely to launch by September. That is all we know so far about flipkart upcoming video streaming service.

Money RBI slashes key policy rate by 35 bps to 5.40%
Author: 0 RBI slashes key policy rate by 35 bps to 5.40%

In the earlier three policies, it has reduced repo rate by 25 basis points each. Benchmark interest rate was cut by 0.35 per cent to 5.40 per cent from 5.75 per cent amid low inflation, faltering economic growth and uncertain global scenario.

Money HSBC parts company with boss John Flint after just 18 months
Author: 0 HSBC parts company with boss John Flint after just 18 months

The lender's shares were down 1.7 per cent at 10:35 am in Hong Kong. He failed to achieve that in his first year at the helm, though the bank said Monday that first-half adjusted jaws was a positive 4.5 per cent. HSBC chief financial officer Ewen Stevenson told investors: "We're not on track with the turnaround of our U.S. business ..." HSBC has announced the shock exit of chief executive, John Flint.

Money New Zealand's central bank stuns markets with 50-bp rate cut
Author: 0 New Zealand's central bank stuns markets with 50-bp rate cut

Hartwich says when that recession eventually comes, the country will have to cut the OCR again, and there won't be much left to cut. The Reserve Bank is expected to cut the OCR to a new record low of 1.25 percent tomorrow. While 18 out of 21 economists surveyed by Reuters forecast an interest rate cut, they all expected a 25-basis-point move. "Essentially the market's placing a bit of a bet that the RBA will have to do more on rates than it would have otherwise", Mr Callow said.

Money U.S. stocks claw back lost ground
Author: 0 U.S. stocks claw back lost ground

The yuan stood at 7.0226 in the European afternoon Tuesday after hitting a fresh 11-year low at 7.0602 in Asian trades. Are you listening Federal Reserve? But in an interview with CNBC Tuesday, National Economic Council Director Larry Kudlow said that, while Trump is "very unhappy" with China's reversals and the progress of his negotiators, he's still looking to make a deal.

Money President Trump hits Venezuelan dictator Maduro with total economic embargo
Author: 0 President Trump hits Venezuelan dictator Maduro with total economic embargo

Trump's order follows months of unsuccessful efforts to pressure Maduro into leaving office. The ban on Americans doing business with Venezuela's government takes effect immediately. As part of the executive order, Americans will be banned from engaging in transactions with anyone determined to be assisting Maduro or his government.

Money Disney+ Will Offer Hulu and ESPN+ Bundle at a Super Cheap Price
Author: 0 Disney+ Will Offer Hulu and ESPN+ Bundle at a Super Cheap Price

The company previously indicated that it would offer Disney + as part of a streaming bundle, but additional details weren't available until now. Disney has already revealed a number of details about the service, including numerous original shows it plans to offer on it at launch and the November 12 availability date.

Money Currency wars: how does China benefit - and can the USA strike back?
Author: 0 Currency wars: how does China benefit - and can the USA strike back?

He also pledged to stand with American farmers in the face of Chinese retaliation. Beijing has resorted to one-off deals on several occasions to purchase US agricultural products as gestures of goodwill and to keep its word to Trump. So when the central government allowed the value to slide further Monday (that is, Monday here - it was Tuesday in China), that caught the market's attention, Kositkun observed.

Money NEC flying auto hovers in the air for a minute
Author: 0 NEC flying auto hovers in the air for a minute

Equipped with four propellers and unmanned, the prototype moved using NEC's software to control flight and determine its location. The NEC flying auto is similar to a small drone in layout with four propellers arrayed around a passenger cell inside the machine.

Money British Airways flight evacuated after filling with smoke
Author: 0 British Airways flight evacuated after filling with smoke

Local journalist, Dani Merono, who was on the flight, said: "We are in the airport, waiting for someone to tell us something". The flight, from London Heathrow to Valencia, was forced to make an emergency landing at its destination.There were no reports of any injuries.

Money Apple Card is open for business (for a few users, at least)
Author: 0 Apple Card is open for business (for a few users, at least)

Apple and Goldman Sachs have started the rollout of Apple Card . Apart from giving the feeling of owning a premium credit card , the titanium card is only useful when you don't have your phone or the outlet doesn't support Apple pay. Perhaps one of the most innovative features is Apple Card's Daily Cash. Shop for entertainment related items and the card shifts into a mix of orange and pink.

Money GateHouse, Gannett to merge for $1.4B, build newspaper giant
Author: 0 GateHouse, Gannett to merge for $1.4B, build newspaper giant

Following closing, both the public and operating companies will be called Gannett . Gannett's flagship newspaper is USA Today . Under terms of the merger, Gannett shareholders will receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they own.

Money Gold prices surge to six-year high
Author: 0 Gold prices surge to six-year high

Gold prices were little changed on Tuesday in Asia after hitting new six-year highs in the previously session amid escalating Sino-U.S. trade tensions. "All this volatility, development concerns, consistent weak point in financial data will be great sufficient for risk-off atmosphere", stated Benjamin Lu, an expert at Phillip Futures.

Money Huawei's HongMeng OS to go on sale in Q4
Author: 0 Huawei's HongMeng OS to go on sale in Q4

Since Huawei was put on the United States tech blacklist earlier this year, the Chinese company has been forced to look towards operating system alternatives to Google's Android OS. companies from selling software or services to the Chinese firm. Huawei could be preparing for a future in which the company isn't dependent on US technology like Google's Android operating system.

Money If China opts to buy Iran oil, Brent may hit $40: BofAML
Author: 0 If China opts to buy Iran oil, Brent may hit $40: BofAML

Washington's new tariffs on China , due to take effect on September 1, intensify the trade war between the world's top two economies. Over the long-run, however, a prolonged trade dispute will hurt demand for crude oil. "Although, growth in the United States slowed less than expected, internationally the trade dispute with China has weighed heavily on the markets and economies", Kapadia said.

Money Oman Air reacts to workers strike at Heathrow
Author: 0 Oman Air reacts to workers strike at Heathrow

Interested in London? Add London as an interest to stay up to date on the latest London news, video, and analysis from ABC News. The two sides met throughout the weekend under the guidance of the conciliation service Acas, and further talks were to take place on Monday.

Money Donald Trump Accuses China of Currency Manipulation as Yuan Plunges
Author: 0 Donald Trump Accuses China of Currency Manipulation as Yuan Plunges

Global shares fell sharply Monday after China let its currency to sink to an 11-year low against the dollar, fueling concern that Beijing is using the yuan as a weapon in an escalating tariff war with U.S. Operations at CoolBitX , " to short it to the detriment of less powerful retail traders ". The FTSE 100 ( ^FTSE ) was down by 1.4% on Monday morning and the Hong Kong Hang Seng ( ^HSI ) closed 2.8% lower overnight.

Money Oil prices fall as trade war concerns hit demand outlook
Author: 0 Oil prices fall as trade war concerns hit demand outlook

On Friday, the 2nd of August 2019, both U.S. and United Kingdom crude gained more than 3 percent after witnessing a record intra-day plunge in several years yesterday (August 1st) followed by Trump's 10 percent tariff hike on $300 billion worth of Chinese imports that bolted out of the blue without a single clue and rattled financial markets all over the world.