Finance

by | June 17, 2018 | 17:00

China's response was swift, as it announced hours later that it too would be levying retaliatory tariffs on $50 billion worth of USA goods - including soy products and automobiles. Anti-monopoly regulators are believed to have delayed announcing a decision on USA tech giant Qualcomm's proposed acquisition of semiconductor maker NXP in part due to the tariff conflict.

by | June 17, 2018 | 11:41

The euro touched on its steepest one-day drop against the United States dollar since June 2016, and was down 1.64 percent at 1.160. The outlook for the Euro US Dollar ( EUR/USD ) exchange rate is now rather mixed, with the imminent rate decision liable to make or break demand depending on the revealed sentiment of the central bank .

by | June 16, 2018 | 18:19

Saudi Arabia said it was cutting deeper to lead by example. "Not good!", the president tweeted on Wednesday morning. OPEC is expected to meet again later this month. India has discussed with China the possibility of forming an " oil buyers club " that can negotiate better terms with oil sellers and get more USA crude to Asia to cut the dominance of oil producers' cartel Opec.

by | June 16, 2018 | 07:52

John Griffin and Amin Shams , a University of Texas finance professor and grad student believe they have found price manipulation in the Bitcoin market a year ago. The exchange is registered in the Caribbean and was subpoenaed by the US CFTC . Tether may be used to manipulate Bitcoin price past year. Using the same analysis technique, Griffin and his colleague studied the meteoric rise of Bitcoin's price a year ago.

by | June 16, 2018 | 07:41

US soybean futures outpaced falls across most other markets on Friday as the trade war with China escalated and Beijing said it would impose tariffs on USA soybean imports, the single most valuable USA agricultural export product to its Asian rival.

by | June 16, 2018 | 07:40

Capt. Robert Melton was slain in July while searching for a suspect in a drive-by shooting. "Of course that's reviewed by other parties, independent parties, prosecutors, the United States attorneys, other individuals", he said. Kelli Bailiff said during a news conference at the University of Kansas Hospital. He referred questions about their conditions to the sheriff's department, which hasn't returned a phone message.

by | June 16, 2018 | 01:55

The company and Theranos settled with the SEC, and as part of the settlement, Holmes paid a fine and can not be a director or officer of a publicly traded company for 10 years. "Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise", Acting U.S. Attorney Alex Tse said in a statement .

by | June 16, 2018 | 00:33

The Dow Jones industrial average was down more than 220 points in mid-afternoon trading. U.S. stock futures declined, and haven assets such as the yen and Treasuries rallied after the announcement. She said a trade war would lead to "losers on both sides" and could have a "serious" impact, according to the BBC. Last month the White House effectively declared a truce in the trade hostilities with China, before deciding weeks later to press ahead with tariffs .

by | June 15, 2018 | 19:39

But it could take years to come into effect. The global fast food chain has 1,361 restaurants in the UK. "We all have a responsibility to our environment and this simple yet effective initiative is a fine example to other large businesses", he said.

by | June 15, 2018 | 18:20

The Battle Creek-based company says it immediately launched an investigation with the third-party manufacturer who produces Honey Smacks after learning about reported illnesses from the FDA and CDC . Healthy people may experience fever, diarrhea, nausea, vomiting and abdominal pain. Kellogg is asking that people who purchased potentially affected product discard it and contact the company for a full refund.

by | June 15, 2018 | 15:45

The only places with a higher housing wage than MA are Maryland, New York, California, Washington D.C. and Hawaii. Affordability is based on the federal standard that no more than 30 percent of a household's gross income should be spent on rent and utilities.

by | June 15, 2018 | 15:43

Trump was due to give details later on Friday of a revised list of 800 product categories, down from 1,300, according to an administration official and an industry source familiar with the list. Trade Representatives office to conduct a section 301 investigation into Chinese trade practices. But he signalled that whatever the implications, "I have to do what I have to do" to address the trade imbalance.

by | June 15, 2018 | 08:57

The Chicago Express Loop will connect downtown Chicago with O'Hare International Airport. As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare.

by | June 14, 2018 | 20:55

The couple went back and forth with the driver for a bit, demanding to know why they were getting kicked out, according to ABC7NY. The couple were heading home after a birthday party in Brooklyn, the article said, and the auto had just crossed the Manhattan Bridge when the kiss took place; a few minutes later the driver let the women know he had taken umbrage, Emma Pichl, 24, told the Post .

by | June 14, 2018 | 18:06

Although the livelihoods of many of these agency workers are under threat, JLR said the decision to upgrade its factories in Solihull and Halewood should safeguard the future these plants and the vast majority of its work force. Why is Land Rover moving Discovery production to Slovakia? The company warned that there may be some job losses in the United Kingdom as a result.

by | June 14, 2018 | 16:00

US President Donald Trump and North Korea's leader Kim Jong-un sign documents after the summit meeting. For one thing, North Korea's commitment on " complete denuclearization " is simply a repeat of its previous promise from the inter-Korean summit in April, and it lacks a clear definition.

by | June 14, 2018 | 09:05

United States interest rates are set to rise further and faster than previously planned as surging economic growth forces officials to do more to try to see off the threat of inflation. The central bank's new median forecast projects the Fed's benchmark rate at 3.1 percent by the end of 2019, up from 2.9 percent in the previous forecast.

by | June 13, 2018 | 23:26

Estimates of longer-run interest rates were unchanged and seen reaching as high as 3.4 percent in 2020 before dropping to 2.9 percent in the longer run. The central bank is aiming to keep record low unemployment and a glut of federal spending from pushing inflation beyond the Fed's 2 percent target. Negative for gold though is that the central bank also forecasts tame inflation pressures throughout year .

by | June 13, 2018 | 23:16

Brent crude was trading at $75.83 per barrel, while the US WTI was valued at $66.31. U.S. President Donald Trump and Iran exchanged sharp words over oil prices, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran.

by | June 13, 2018 | 13:22

At the same time, they seemed less rosy about Washington and Seoul's future relationship with Pyongyang, due to a distrust of the North Korean regime and President Moon Jae-in's liberal administration. "I must have had just countless calls and letters and tweets, anything you can do - they want the remains of their sons back", he said. "Yes, Donald Trump reached out", he said.

by | June 13, 2018 | 12:22

With the new recall, Daimler is escaping massive fines of approximately $4.4 billion (estimated). While the KBA can only request the recall of cars within German borders, the transport ministry said: "The government will order 238,000 Daimler vehicles to be immediately recalled Germany wide because of unauthorized defeat devices".

by | June 13, 2018 | 03:32

The service began in February in Austin, Dallas, Cincinnati and Virginia Beach, Va. Amazon has owned Austin-based Whole Foods since August 2017. The savings include an extra 10% off hundreds of sale items throughout the store along with exclusive offers on a range of products.

by | June 13, 2018 | 02:30

AT&T and Time Warner will offer better-targeted ads to their customers, and as a result of all this, it's expected that prices will be lowered at some point. Though the deal would combine healthcare businesses that don't compete directly with each other, the U.S. government could still move to block it on the grounds that it would affect competition in the healthcare system.

by | June 12, 2018 | 22:56

Tesla ( TSLA ) is cutting 9% of its workforce at a time when the electric-car maker is aggressively ramping production for its Model 3 sedan, the company confirmed in a memo to employees Tuesday. Tesla also said it was not renewing its residential sales agreement with retailer Home Depot in order to focus on selling solar power in Tesla stores and online.

by | June 12, 2018 | 20:50

For its latest move to get your pizza dollar, however, Dominos has something slightly more ambitious in mind, namely public infrastructure projects. The company launched " Paving for Pizza " on Monday and it's asking people to nominate their town for road repairs.