Business

Trump threatens to slap tariffs on all $505bn of Chinese imports

Riley FBR Inc. "Tightening now hurts all that we have done", Trump tweeted . The US should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. "I'm not thrilled", he said in an interview on CNBC television. "I want them to do well". Shortly after taking office, Trump withdrew from the Trans-Pacific Partnership (TPP), which he said would steal mil... [Full Article...]

White House to Probe Uranium Supplies to US

White House to Probe Uranium Supplies to US The department's investigation could result in tariffs, quotas or other protections for the US uranium mining industry. "Increasing levels of state-subsidized nuclear fuel are expected to be imported from Russian Federation and China in the coming years, which would likely further displace US uranium production", said American uranium mining companies Energy Fuels Inc . [Full Article...]

Trump threatens tariffs on all $500 billion of Chinese imports

Trump threatens tariffs on all $500 billion of Chinese imports St. Louis Federal Reserve Bank President James Bullard said on Friday the Federal Reserve would remain unaffected by Trump's comments on United States monetary policy. Last week, Powell said in an interview with American radio program Marketplace that he didn't expect to face pressure from the White House. Trump indeed said he had 'put a very good man in, ' in reference to Powell, who succeede... [Full Article...]

Microsoft tops estimates in quarterly results as cloud revenue surges

Microsoft tops estimates in quarterly results as cloud revenue surges Sees "multiple positives" from the quarter that can support sustained double digit growth in revenues, earning per share and free cash flow long term. More Personal Computing logged $42.2bn in revenues on the year, up 7 per cent from $39.3 the prior year - every quarter of the year, the Surface line hauled in $1bn in sales, we noted. [Full Article...]

Inflation holds steady as clothing sales offset higher energy and fuel prices

Inflation holds steady as clothing sales offset higher energy and fuel prices The UK consumer price index , a key measure of inflation , remained at 2.4% in June, according to the Office for National Statistics . Sterling - already weakened amid political turmoil over the government's Brexit blueprint - fell by 0.7% against the dollar to just above $1.30 as investors registered their disappointment with the core inflation number. [Full Article...]

Google hit with $5.1b fine in EU’s Android antitrust case

Google hit with $5.1b fine in EU’s Android antitrust case In announcing the fine on Wednesday, EU Competition Commissioner Margrethe Vestager accused Google of using the Android system's near-stranglehold on smartphones and tablets to promote the use of its own Google search engine while shutting out rivals. [Full Article...]

The four rebel Labour MPs who rescued Theresa May's government

The four rebel Labour MPs who rescued Theresa May's government Time is of the essence as resigning foreign secretary Boris Johnson , believes the United Kingdom can still negotiate a "great" Brexit deal. In the afternoon, Mrs May will appear before a House of Commons committee to answer questions on her Brexit strategy. [Full Article...]

Google braces itself for multibillion-euro EU fine over Android

Google braces itself for multibillion-euro EU fine over Android Crucially, by default all Android phones use Google as the default search engine and Google Chrome as the default web browser. At issue are several types of agreements that Google imposes on phone makers and telecommunications companies if they want to sell Android-based devices to their users-conditions that applied to handset makers even though Google provides the operating system to manufac... [Full Article...]

Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade

Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade In a speech officially opening the 2018 Farnborough International Airshow, she will tell an audience of aviation industry executives and United Kingdom business leaders that she wants to build on Britain's global reputation and make the most of future opportunities. [Full Article...]

Papa John’s founder John Schnatter kicked out of his office

Papa John’s founder John Schnatter kicked out of his office John Schnatter says a media agency tried to extort after he used the n-word during a conference call with them in May. Papa John's founder said "it was a mistake" to step down as chairman. Schnatter also offered an apology telling WLKY that he was repeating something someone else said and was "provoked". "They pushed me and it upset me, and I just said, 'Listen, other people have used that ... [Full Article...]

Amazon Prime Day Starts Today, Which Means You Need Amazon Prime

Amazon Prime Day Starts Today, Which Means You Need Amazon Prime Unfortunately for many shoppers, it started with an error code. The online retail giant will give Amazon Prime members access to more than one million deals over 36 hours including discounts on Amazon's Alexa-enabled products, like the Echo, Fire TV and Fire tablet. [Full Article...]

Netflix is getting whacked after adding fewer subscribers than expected (NFLX)

Netflix is getting whacked after adding fewer subscribers than expected (NFLX) Netflix's stock got hammered after the bell after reporting that it added far fewer subscribers in the second quarter than Wall Street was expecting - and warned of another subscriber shortfall to come in the third quarter. That comes out to 4.87 million new subscribers for the quarter, far below the 6.2 million Netflix was hoping for. Revenue climbed 6 percent to $3.9 billion. [Full Article...]

Elon Musk in trouble over controversial tweets | CMO Strategy

Elon Musk in trouble over controversial tweets | CMO Strategy Unsworth called it a " PR stunt " and said it wouldn't have worked anyway. Unsworth, who provided mapping knowledge of the cave to rescuers, said Musk's prototype would have had "absolutely no chance of working". The comment came amid a spat between Mr Musk and Vern Unsworth , who was part of the lengthy and complex rescue operation. "I think people realize what sort of guy [Musk] is". [Full Article...]

Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy'

Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy' He added it was "just a PR stunt ". The Thai Navy has since said it may use the submarine at some point in the future , but if Unsworth is to be believed, it won't be for tricky cave rescues. Musk challenged Unsworth's accounting of the water levels in the cave, then got even angrier, explicitly calling Unsworth a "pedo guy" and saying he would prove the device's utility by, uh, sending m... [Full Article...]

Greyhound Canada cancelling service

Greyhound Canada cancelling service Maritime's business model is built around other transport services such as chartering, tour groups, and municipal services in addition to fixed regional routes. Greyhound passenger buses provided a vital link between rural small towns and bigger cities. Alberta Transportation Minister Brian Mason said that Greyhound's decision is an issue of national importance. [Full Article...]

Elon Musk: 'We were huge idiots' about Tesla Model 3

Elon Musk: 'We were huge idiots' about Tesla Model 3 Tesla and SpaceX founder and all-round "big ideas" man Elon Musk has just wrapped up a three-day visit to China where he met with officials in Beijing and confirmed a deal for Tesla's first foreign factory in Shanghai (albeit without saying how much it'll all cost ). [Full Article...]

Ryanair pilots call two more strikes after 30 flights grounded

Only flights between Ireland and the United Kingdom were affected. "The Irish Airline Pilots' Association (IALPA) branch of Fórsa today (Thursday) gave notice that it intends to stage two further one-day pilot strikes in Ryanair commencing at 1am on Friday, July 20, and at 1am on Tuesday, July 24", said a Fórsa. [Full Article...]

Trump preparing additional tariffs on $200B in Chinese goods

Trump preparing additional tariffs on $200B in Chinese goods It's a massive escalation of Trump's trade war with China . On Friday, the USA slapped 25 percent taxes on $34 billion in Chinese imports, majority are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing. [Full Article...]

5 important takeaways from the June jobs report

5 important takeaways from the June jobs report Employers kept hiring even as fears grew of a global trade war. This would only be the second such period since the 1990s, when the world's leading economy managed to create so many jobs for a longer period. Faster wage growth would have also indicated that inflation was building in the economy, which hasn't strongly been the case even though unemployment is low. [Full Article...]

Employment gains, job hunter influx clears way for rate hike

Employment gains, job hunter influx clears way for rate hike The local jobless rate rose by a half-per cent last month, but is still lower than it was a year ago. The Bank of Canada is expected to raise its target for the overnight rate to 1.5% on Wednesday . "After an impressive performance in 2017, the Canadian labour market definitely took a breather in the first half of 2018", Arseneau wrote in a research note to clients. [Full Article...]


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