Money

by | August 03, 2018 | 20:07

The announcement comes after US President Donald Trump threatened to raise the proposed tariffs on $200 billion of Chinese exports from 10 percent to 25 percent. "China is increasingly isolated with a weak economy". President Trump has threatened to up the ante further by slapping £150bn ($200bn) worth of Chinese goods with levies of up to 25 percent.

by | August 03, 2018 | 17:41

According to stock market trackers , Apple's shares are now worth $206.54 apiece, meaning Apple has managed to beat its tech rivals to become worth $1 trillion. Apple generates billions from hardware sales: It had $29.9 billion in iPhone sales, up 20% year over year, for the June 30 quarter. Speaking of which, Microsoft's Dot Com-era boom-time high would be worth about $930 billion today.

by | August 03, 2018 | 11:39

The U.S. trade war with China just got kicked up another notch. President Donald Trump's officials are considering more than doubling planned tariffs on $200 billion in Chinese imports, people familiar with the deliberations said. The US has already imposed 25pc tariffs on $34b worth of Chinese imports, with another $16b to be targeted in coming weeks. Urging cooler heads in Washington to prevail, Mr Wang made the case that U.S.

by | August 03, 2018 | 08:50

High volatility in crude oil prices, turbulence in global financial markets, hardening of inflation expectations, and inputs pressures faced by corporations domestically, prompted the Reserve Bank of India to up the repo rate by 25 basis points to 6.50 per cent on Wednesday.

by | August 03, 2018 | 06:42

With a closing price of $207.39 on Thursday, Apple became the first publicly listed USA company to ever reach $1 trillion in market capitalization. The answer is nearly certainly yes. Most notably, profits and revenues both came in above analysts' consensus estimates. This re-set the target number for the share price to $207.0425 per share.

by | August 02, 2018 | 23:34

The more-actively traded October contract was little changed at $75.51. U.S. President Donald Trump appeared to soften his approach to Iran , saying on Monday he would meet with President Hassan Rouhani without any preconditions. Crude oil prices softened ahead of the start of US trading Tuesday on possible wiggle room in Iran and steady personal incomes in the United States.

by | August 02, 2018 | 23:09

The Bank of England has raised interest rates above 0.5 per cent for the first time in almost a decade in a decision that will affect millions of savers , mortgage holders and borrowers across the UK. This the first time since October 2013 that the central bank has hiked borrowing costs at two consecutive policy meetings. The increase takes the benchmark rate to its highest level since 2009.

by | August 02, 2018 | 22:26

Seeking to adjust the U.S. trade imbalance with China, Washington could more than double the pending tariffs on Chinese imports. - Office of the U.S. The comment period was set to take place later this month, but will now be extended into September, officials said. While American and Chinese officials have hinted at the possibility of restarting talks in recent weeks, it's been nearly two months since they last held high-level negotiations.

by | August 02, 2018 | 22:03

Chipotle told health officials that two to five staff members called off work due to illness on July 29 and 30, Business Insider reported on Tuesday, but the company did not confirm this to Reuters . "We acted quickly and closed this single restaurant out of an abundance of caution yesterday". (NYSE: CMG ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.

by | August 02, 2018 | 21:43

School computer supplies purchased by the consumer for personal use won't be taxed if items are under $250. "I object to limiting the sales tax holiday to only two days, which may deny hardworking taxpayers with children the chance to take advantage of this sales tax holiday ", Walker wrote at the time as part of his veto message.

by | August 02, 2018 | 19:41

Its stock surged to its biggest gain in a year and a half today, soaring above the $207.04 value required for Apple to become a trillion dollar firm. On Tuesday, the company said Apple Services - which includes things like the App Store and Apple Music - saw a 31% jump in revenue. Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a USA public company.

by | August 02, 2018 | 12:49

The potentially affected salads and wraps sold at Kroger, Trader Joe's and Walgreen's were produced between July 15-18, with a "best by", "enjoy by", "best if sold by" or "sell by" date ranging from July 18-23, according to the FSIS . A full list of the affected products is available here, and the product labels are available here. "There's no confirmation that any of the products were contaminated", Trader Joe's spokeswoman Kenya Friend-Daniel said Wednesday, adding the warning was ...

by | August 02, 2018 | 10:58

That's the lowest in more than a week. But it added that the yield "may move upward and downward to some extent", suggesting it will allow it to rise higher than its previous de facto ceiling of 0.1 percent. The Japanese Yen did not have any significant price volatility against its USA counterpart as local Retail Trade data showed sales rose 1.8 percent year-on-year in June, softly exceeding the 1.7 percent forecast.

by | August 02, 2018 | 08:46

The losses were exacerbated by Tesla's 29% gains last quarter - decimating Einhorn's short position in the stock - making it his "second biggest loser" for the six-month period. Analysts polled by FactSet expected a $2.88 loss per share. The company's cash reserves have dropped to $2.2 billion, down from $3.3 billion at the end of previous year.

by | August 02, 2018 | 07:55

White House press secretary Sarah Huckabee Sanders said the sanctions by the Treasury Department would target Turkey's justice and interior ministers, whose agencies she said were responsible for the pastor's arrest and detention. The Turkish Foreign Ministry said in response to the sanctions that the United States was trying to interfere in the Turkish judicial process. Turkish officials had already threatened to retaliate if Washington went ahead with sanctions.

by | August 01, 2018 | 06:45

That was driven by a higher average selling price of US$724, thanks in part to the iPhone X , which starts at US$999. As smartphone buying has plateaued, Apple has extended its iPhone line with both pricier and cheaper versions, from the iPhone X to the lowest priced US$349 iPhone SE.

by | July 31, 2018 | 15:14

Titled "More Roads to Harley-Davidson", US motorcycle maker Harley-Davidson (H-D), revealed its marketing and product plan through to 2022. In order to expand its access, the company is looking at establishing strategic alliances with global leading e-commerce providers to extend access to new customers.

by | July 31, 2018 | 11:31

The world's best-known, probably most-hated American fast food outlet is changing but it refuses to change its iconic Big Mac sandwich. So they're launching a Big Mac-backed currency, the MacCoin. It didn't work. Delligatti tried a bigger sesame seed bun, and the burger soon lifted sales by more than 12 percent. After similar results at more stores, the Big Mac was added to the national menu in 1968.

by | July 31, 2018 | 11:27

But that isn't stopping Tesla from adding surfboards to its clean transportation offerings. The product page went live on the Tesla online shop early Saturday but the surfboards have already sold out. The auto company said that all of its vehicles - the Model S, X and 3 - could "comfortably accommodate this surfboard on either the inside or outside of the vehicle".

by | July 30, 2018 | 19:44

For our exporters, who are more reliant on China than ever before, they need to plan for a weaker exchange rate that will make our products more expensive and a slower economy that could reduce demand for our products. The US treasury secretary insisted Sunday that agricultural issues were discussed in President Donald Trump's talks last week with Jean-Claude Juncker, contradicting the EU Commission president's account of the negotiations.

by | July 30, 2018 | 15:11

Overnight, Wall Street's major indexes have closed lower as weak earnings reports from major technology companies led to a big drop for the sector. The drop also affected the net worth of the founder and the largest shareholder of the company - Mark Zuckerberg , which decreased by $15 billion and now stands at $67 billion.

by | July 29, 2018 | 22:19

US President Donald Trump accused China of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade, even as some farmers and farm-state lawmakers, including Republicans, blamed Trump, saying they would rather trade with no tariffs than share the $12 billion aid that Trump offered.

by | July 28, 2018 | 20:31

RJ Hottovy, an equity analyst at Morningstar Inc., said Amazon profit also got a boost from more sales by independent merchants on its site, where the company gets commissions without the cost of buying inventory. Amazon's momentum has been strong enough to sustain Twitter broadsides from U.S. President Donald Trump, who has accused Amazon of freeloading off the U.S.

by | July 28, 2018 | 17:56

President Donald Trump said he was thrilled with what he called an "amazing" growth rate and said it wasn't "a one-time shot". "We're on track to hit the highest average annual growth rate in over 13 years", Mr. The strong second-quarter growth reflected large increases in orders of durable goods, investment in non-residential construction, exports, intellectual property, and government defense spending.

by | July 28, 2018 | 15:04

Twitter plunged before the opening bell Friday on weak user numbers, a day after a historic rout at Facebook . That could cast doubts on Twitter's ability to attract more advertising dollars and potentially undermine the turnaround story. The US grew just 10%, and brought in $367 million. Markets outside the USA grew 44% year on year to $344 million. Japan remains Twitter's second-largest market, growing 65 percent and generating $122 million.

by | July 28, 2018 | 12:34

Trump promised the USA would not impose tariffs on the import of European cars, something the U.S. had threatened to do in retaliation to taxes imposed on certain American goods entering Europe following Trump's decision to levy extra taxes on imported aluminium and steel.

by | July 28, 2018 | 05:13

The company warned its investors that a huge financial injection would be required to buttress the business to address the controversies it's now facing, with revenue growth expected "to decline by high single-digit percentages from prior quarters".

by | July 27, 2018 | 21:42

She claims that the SEC's deliberation was overly focused on the underlying Bitcoin "spot market ", as opposed to the ETF in question, the Winklevoss Bitcoin Trust. According to CCN report, SEC regulators treated the modified application as new one (de novo). Bitcoin turned negative after the SEC's ruling, and last traded down 2.9 percent.

by | July 27, 2018 | 13:45

Facebook's margin fell to 44 per cent in the second quarter from 47 per cent a year ago as it spent heavily on security and initiatives to convince users the company was protecting their privacy. "Certainly, the frequent references to the other platforms available such as Instagram and the new revenue metric of how many people use at least one of the Facebook apps each month send a message that this is a company looking to find ways of becoming more than just a social media platform".

by | July 27, 2018 | 07:02

The United Nations says the Houthis have offered to hand over management of the port to the world body, but the Saudi-led coalition says that the Houthis must quit the western coast. The world's largest oil exporter has kept its crude shipments flowing during previous regional conflicts, including the 1980-1988 Iran-Iraq war when the two sides sought to disrupt each other's oil exports in what was known as the Tanker War.

by | July 27, 2018 | 06:03

Facebook is blocked in China. Facebook had quietly launched a photo-sharing app called "Colorful Balloons" for the Chinese market a year ago. The companies have said they will call off the deal if they do not win China approval. Google, another banned site, launched a similar campaign in December with the opening of an artificial intelligence lab in China. But China has a robust economy of social media companies, and the government has favored local competitors.

by | July 26, 2018 | 21:01

Following the meeting at the White House, the pair said the talks would seek to "resolve" U.S. tariffs on steel and aluminum and Europe's retaliatory duties - marking a step back from Trump's signature import protections for American metals producers.

by | July 26, 2018 | 16:29

The UK is expected to leave the European Union on March 29 next year and while Mr Raab said a deal would be done in October, momentum has somewhat stalled. May, however, said "DExEU will continue to lead on all of the government's preparations for Brexit", preparations that will include both a deal and a no-deal scenario.

by | July 26, 2018 | 16:14

The Europeans are going to try to channel his appetite for trade war at China , which might actually be productive in certain ways, unlike the squabbles with American allies. "Our biggest exposure, our biggest unmitigated exposure, is really steel and aluminum when you look at all of the commodities", GM CEO Mary Barra said Wednesday.

by | July 26, 2018 | 15:41

Founding partner at energy hedge fund Again Capital , John Kilduff , said Brent crude - the global benchmark for oil prices - is on a path to $90 a barrel because the Trump administration is unlikely to issue many sanctions waivers.