Money

by | June 19, 2018 | 00:36

But those tariffs will have an effect on the domestic economy. Tariffs on the remaining 114 items, including chemicals, medical equipment and energy products, will start later. In all, 818 products representing $34 billion in US imports will fall under the new tariffs - less than the roughly 1,300 products the administration had initially considered.

by | June 18, 2018 | 19:24

Google will receive 27.1 million newly issued JD.com Class A shares at a price of $20.29 per share, equivalent to $40.58 per ADS, the press release said. This move is expected to help JD.com to expand beyond its base in China and Southeast Asia in order to establish a meaningful presence in US and European markets.

by | June 18, 2018 | 17:56

In spite of continuous denials and public backing from the Volkswagen Group, Stadler has seemed like a man waving a crude torch in the dark, trying to fend off the hunters. It remains to be seen how long Stadler remains in police custody and whether he's able to remain in his post during his detention. The prosecutors' office recently widened its emissions cheating probe to include Stadler among the suspects accused of fraud and false advertising.

by | June 18, 2018 | 17:57

Stadler was accused of fraud and false advertising by German prosecuters last week . Stadler is the most high-profile Volkswagen Automotive Group executive to actually be arrested in the diesel investigation so far. Most of its problems have been in the United States, where a total of nine people have been charged and two former VW executives have pleaded guilty and been sentenced to prison terms.

by | June 18, 2018 | 14:28

German carmaker Audi's CEO, Rupert Stadler , has been arrested. Audi CEO Rupert Stadler has been detained by German authorities in connection with the probe into manipulation of diesel emissions controls in cars sold in Europe, news agency dpa reported on Monday.

by | June 17, 2018 | 16:59

In a statement , he said: "The United States can no longer tolerate losing our technology and intellectual property through unfair economic practices". 'It's Foolish' Wang Huiyao, director of the Beijing-based Center for China and Globalization and an adviser to China's cabinet, said Trump's measures will damage U.S.

by | June 17, 2018 | 15:46

Last week, Ikea announced it aims to phase out all single-use plastic products from its stores and restaurants by 2020. Figures from the US-based Ocean Conservancy's TIDES data system show that plastic straws are the 11th most common item of rubbish found during oceanic clean-ups, making up about 3% of recovered waste.

by | June 17, 2018 | 08:01

The central bank will briefly taper its monthly asset purchases beginning in October, to €15 billion ($17.5 billion) from €30 billion now, for the last three months of the year before ending it in December. Japan's Nikkei 225 finished 0.5 percent higher at 22,851.75 but South Korea's Kospi retreated 0.8 percent to 2,404.04. Basic resources stocks led the decline with a 1.3 drop following weak data from big metals consumer China.

by | June 16, 2018 | 09:37

Gulf producers Saudi Arabia , Kuwait and the United Arab Emirates are the main OPEC members holding sufficient unused oil production capacity to boost output quickly to offset a shortage. For the last month, the oil price has successively marked lower intraday highs and lows, indicating that traders and investors are not quite as confident in the outlook for the supply/demand balance, especially given the steep rise in USA crude production and the splintering within OPEC.

by | June 16, 2018 | 07:39

The U.S. tariffs are a response to China's aggressive attempts to challenge U.S. technological dominance, including outright theft of trade secrets and forcing U.S. For example, officials have said they would drop agreements reached last month to buy more US soybeans, natural gas and other products. American businesses , however, are anxious that rising trade tensions will hurt US economic growth.

by | June 16, 2018 | 07:39

The suspect was also shot and is undergoing surgery. She said during a news conference that it was "very possible" the deputies were shot "with their own firearm" as they were transporting detainees in a gated area behind the courthouse. FOX4 reported that this was the fourth officer-related shooting in the past three years in Kansas City. "There are witnesses we are speaking with", Zac Blair, a spokesman for the KCK police department, told the paper.

by | June 16, 2018 | 03:58

American Airlines sent a response to WBTV Thursday night when contacted for comment. A technical issue has left thousands stranded as flights with the carrier PSA Airlines were cancelled overnight and into Friday. The airline is encouraging all passengers to check their flight status on the American Airlines app, or aa.com, before heading to the airport. American Airlines flights set for Friday are continuing on as scheduled, officials said, CBS-affiliated WSPA reported.

by | June 16, 2018 | 01:31

Bennett. After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by US regulators and was sued by investors, and the company let go many of its employees .

by | June 16, 2018 | 00:31

President Donald Trump on Friday imposed tariffs on $50 billion worth of mostly high-tech imports that will be subject to 25% tariffs . "We're going to protect those secrets". America's trade in goods with China topped $635 billion in 2017, according to the U.S. Census Bureau . "He adds: "'There is no trade war. The move could complicate Mr.

by | June 15, 2018 | 18:16

Most of the outbreaks occurred in California, Massachusetts, New York and Pennsylvania, the CDC said. The best by date of the affected products is "June 14, 2018 through June 14, 2019". No other Kellogg products are impacted by the recall, the company said. The UPC codes can be found on the bottom of the box. Anyone with the recalled Honey Smacks should throw the cereal out and contact Kellogg for a full refund at 800-962-1413, Monday through Friday, 9 a.m.to 6 p.m., Eastern time, and ...

by | June 15, 2018 | 17:29

In May, McDonald's shareholders overwhelmingly rejected a proposal asking the company for a report about the business risks associated with plastic straws. And more than 60 independent British festivals - including Boardmasters and Bestival - have banned plastic straws as part of a pledge to rid their sites of single-use plastic by 2021.

by | June 15, 2018 | 14:53

Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days. In April, it said it would levy 25% tariffs on imports of 106 United States products including soybeans, automobiles, chemicals and aircraft, in response to proposed American duties.

by | June 15, 2018 | 12:41

He was projected as the victor thanks to some help from Trump: The president shooed his biggest challenger, activist Danny Tarkanian, out of the race. "We've seen this in earlier races in earlier primaries". Rep. Justin Amash, R-Mich., who clashes frequently with party leaders, responded to Trump's tweet with one of his own defending Sanford.

by | June 15, 2018 | 05:45

It's all detailed in Out of Reach 2018 , a new report from the National Low Income Housing Coalition. The report's authors adhere to the standard that no household should spend more than 30 percent of its gross income on housing costs, and they assume that each household would be paid for 40-hour workweeks for 52 weeks a year.

by | June 15, 2018 | 03:59

The US Commodities and Futures Trading Commission issued subpoenas to Bitfinex and Tether last December, according to Bloomberg . The new paper is not the first academic work to identify manipulation in the virtual currency markets. "The relationship between Tether and the price of bitcoin has been flagged for months within the community", said Christian Catalini, a professor at the Massachusetts Institute of Technology who specialiszes in blockchain research.

by | June 15, 2018 | 02:50

Chicago mayor Rahm Emanuel today announced the city would accept a proposal from Elon Musk's Boring Company to build a high-speed underground public transportation system. That price tag would be significantly lower than recent subways built in the United States, which have cost from $600 million to over $2 billion per mile.

by | June 14, 2018 | 16:00

But the statement did not go much further than previous ones and was short on details, including any timetable or verification measures. Despite Trump's claim to have achieved something that eluded his predecessors, previous us administrations extracted more specific commitments from Pyongyang, only to see them breached.

by | June 14, 2018 | 08:49

Apple iPhone's camera does not perform up to the mark set up by rivals in low lights and the addition of a monochrome camera will certainly enhance its low light capabilities. Today, Forbes has written an article in which revealed the Schematics of upcoming Apple iPhone X Plus with triple rear cameras along with Budget iPhone X.

by | June 14, 2018 | 05:42

Not since 1969 has the jobless rate been lower. Even amid concerns about U.S. trade policy, the Fed raised its forecast for gross-domestic-product growth this year to 2.8% from 2.7%. And their rate increases are addressing the "perceived threat of inflation", not an immediate inflation problem, he said. Estimates of longer-run interest rates were unchanged and seen reaching as high as 3.4% in 2020 before dropping to 2.9% in the longer run.

by | June 13, 2018 | 23:14

At least that's according to a patent application spotted by CNN with the title "predicting user state using machine learning". Uber is working on technology that could determine just how drunk passengers are when ordering a ride. Uber is all set to introduce the new app that will alert passengers whether the driver is drunk or not. The measure seems counterintuitive as many inebriated people use the taxi-app firm's services to safely get back home after a wild night out.

by | June 13, 2018 | 22:29

The Fed move came after a two-day meeting where its members discussed the robust state of the U.S. economy and the potential impact of a trade war amid rising tension between the USA and its largest trading partners. The Fed's new projection for the pace of rate hikes shows four rate this year and three in 2019 - both unchanged from its previous forecast in March - and one in 2020, down from the two that had been projected previously.

by | June 13, 2018 | 21:40

Trump said the US will be monitoring the situation in North Korea to be sure that Kim is committed to dismantling his country's nuclear program. Critics in the United States said the joint statement by the two leaders was short on detail and that Trump had made too many concessions to Kim, whose country is under U.N.

by | June 13, 2018 | 20:59

El Boutari has now had his licence suspended by the New York City Taxi and Limousine Commission. Once over the bridge, Iovine said the driver suddenly pulled over and told the women to get out of the vehicle. "It's illegal", the driver says in the video . El Boutari added that he would have acted similarly if it had been a straight couple, though he admitted that he has "less tolerance" for same-sex couples.

by | June 13, 2018 | 19:57

The world's top crude producers are key partners in the OPEC+ deal, which is created to prop up oil prices by cutting global output. Since early 2017, OPEC and other oil-producing countries have agreed to reduce supply in a bid to bolster oil prices.

by | June 13, 2018 | 12:30

In its statement late Tuesday, ZTE said it will "assess the full impact" of the ban and the new deal with the U.S. government and disclose it in an update earnings release. In a meeting for senior management on Tuesday, ZTE chairman Yin Yimin said that the company needs its 80,000 employees to have "thorough knowledge" and "thorough supervision" of each other when it comes to compliance, rather than rely on a few people from a compliance team.

by | June 13, 2018 | 12:16

Five models in total are reported to be affected, including the volume-selling Mercedes C-Class - the UK's ninth most popular vehicle previous year - and GLC SUV variants. The reports allege that two engines (OM 642 and OM 651) come with devices that shut down emissions controls under certain situations. Six Mercedes-Benz models appeared in environmental lobby group Transport and Environment's 2016 "Dirty 50" list of diesel cars and SUVs, with the finger pointed at both thermal switches ...

by | June 13, 2018 | 01:33

But if the ruling falls in the Justice Department's favor, a new era of government scrutiny over these types of mergers could freeze further consolidation in the industry. Ultimately, the government argued this would harm competition and innovation as well as raise prices for consumers. The government's star witness was Carl Shapiro, an economist at the University of California, who used an economic model to predict that consumer cable bills could rise by $500 million annually in aggregate ...

by | June 12, 2018 | 22:50

Based on conversations with Tesla dealers, KeyBanc Capital analysts raised their expectations for second-quarter delivery of Model 3 vehicles to 30,000 from 20,000. This week, we are informing those whose roles are impacted by this action. According to sources familiar with the matter, there was a round of layoffs at Tesla that started on Monday and it is going to be made official by Tesla CEO Elon Musk today.

by | June 12, 2018 | 21:28

Kudlow explained on CNN that the administration was lashing out at Trudeau to show Kim that Trump was not weak. Tensions have been building between the two countries for months, as President Trump has targeted Canada as one of the many countries he sees as giving American the short end of the stick in trade deals.

by | June 12, 2018 | 20:50

The company is even showing customers what happens to pizzas during a delivery on rough roads, with the help of a camera set up inside a pizza box. Dominos is no stranger to unusual publicity stunts, but those are usually tied to its vast ecommerce back-end , like its pizza robots or instant order pizza button .