Finance

Businesses hit pause on spending amid trade uncertainty: Fed minutes

The Federal Reserve raised interest rates for the second time this year in its June meeting, amid concerns of a lurking worldwide trade war, sparked by Pres...


Chinese stocks rise, yuan falls ahead of tariff trigger

Seoul stocks fell amid selling by foreign investors on brewing concerns of a full-fledged trade war between the US and China. At 0148 GMT, the benchmark CSI30...


Booming US jobs market lifts chance of rate rise

One reason that some employers may not be feeling pressure to raise wages is that more people are beginning to look for work, thereby keeping up the pool of job...


Celebrating National Fried Chicken Day With the Crack Shack

George Hamilton is stepping into his role as KFC's Extra Crispy Colonel to celebrate National Fried Chicken Day this year. The one benefit is that the coupo...


Fundstrat's Tom Lee Cuts Bitcoin Price Target By 20% to Over $20000

Bitcoin has historically traded at 2.5 times its mining costs. The $6,600 price range returns bitcoin to its April range, where it fell from close to $20,0...


CBN Wants Importers To Ditch Dollar For Chinese Yuan

The head of China's central bank says he's closely watching the recent slide in the value of the yuan against the USA dollar, but the country's economic funda...


High-end speaker company Sonos is going public

In 2017, Sonos reported revenue of $992.5 million, a 10 percent increase over the prior year, and a $14.2 million loss. In yet another sign of how home audio ...


U.S. added 213000 jobs in June, unemployment rose to 4 percent

Last month, the government said private employers added 218,000 jobs, which was higher than ADP's revised figure of 189,000. Even as employers struggle to hir...


Dutch Speed Trading Firm Enters Crypto Market Despite Regulator’s Warnings

According to Swedish ETN issuer XBT Provider, the volume of its cryptocurrency notes being traded by Flow Traders has "dramatically increased" over the past few...


GREAT AGAIN: Trade Deficit SHRINKS to Lowest Level Since 2016 ELECTION

The median estimate of economists surveyed by Bloomberg called for a May trade deficit of US$43.6 billion. On the same day that the Trump administration began...


Iran to Trump: Your tweets are driving up oil prices

US President Donald Trump and Saudi Arabia's King Salman during Trump's first overseas presidential trip, in May 2017. The potential trade war between the...


Mark Zuckerberg tops Buffett to become world's third-richest man

Mark Zuckerberg has eclipsed Warren Buffett as the world's third-richest person. Facebook stock closed at an all-time high of Friday, ending the day at $20...


National MP slams Air NZ’s offer of meat-free burger

Air New Zealand is the first airline in the world to serve up the plant-based Impossible Burger . MP and Southland Farmer Mark Patterson said he felt perso...


China vows counter-attack as Trump trade pulls trade war trigger

USA stocks have wobbled on trade frictions, but the S&P 500 Index remains roughly level from the start of the year. Until now, only $3bn of tariffs have tak...


US Offers German Automakers Solution to Trade Spat, Report Says

Various automakers have criticized the move which some speculate is simply a negotiation tactic from Trump. The German newspaper Handelsblatt reported Grene...


The dollar is sliding as US-China trade war materializes

President Donald Trump 's tariffs are meant to pressure Beijing to reform its trade policies. Steep American tariffs on Chinese goods worth tens of billions ...


How a trade war could turn into a recession

Ok?" Washington-based think tank the Peterson Institute for International Economics (PIIE) expects U.S. tariffs on Chinese goods, which it says particularly t...


United States job growth strong but unemployment rate rises to 4%

Newfoundland and Labrador's unemployment rate is soaring. An acceleration of this rate would show that employers are indeed paying up for the skilled workers wh...


Russian Federation retaliates against USA with tariffs on American goods

Among those products are fiber optics, equipment for road construction, oil and gas industry items, metal processing and mining. Russia may introduce in three...


'Gang of Hoodlums' - Words Fly As U.S.-China Trade War Begins

Minutes after the U.S. put its long-threatened duties into effect just after midnight on Friday morning, a spokesperson for China's ministry of commerce said it...


ZTE appoints new management to comply with its USA deal

Company shareholders voted on a new board to take the business forward in compliance with the terms of the deal. ZTE declined to comment on the matter. It rec...


Canada adds 31,800 jobs in June

WASHINGTON-The unemployment rate ticked up in June from an 18-year low, but steady hiring and an increased number of job seekers suggest a strong labor market d...


Main Swiss Stock Exchange to Launch Distributed Ledger-Based ‘Digital Asset’ Exchange

As a regulated stock trading platform, Swiss Exchange further said the SDX will have the "same standard of oversight and regulation" upon completion and will be...


New algorithms let "blind" robot climb stairs without watching its steps

Within the next few years, researchers may send the robot to carry out tasks that would otherwise be too risky or inaccessible for humans to take on, according ...


Teen attacked at Whataburger for wearing 'Make America Great Again' hat

Hunter Richard said he was the victim of an unprovoked assault when an unidentified man threw a drink in his face and snatched his red cap. "You ain't supp...


Singapore watchdog says Grab-Uber deal hurts competition, proposes fines

A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. Local ride-hailing company Grab has called the Singapore competition watchdog's...


Starbucks worker fired after mocking stuttering customer

Lekwijit explained of the "disrespectful" interaction that the barista even went so far as to reply to his friend: 'Okay, S-s-s-sam, ' after he ordered at the c...


Team selected to build new bridge connecting USA and Canada

The Canadian-financed bridge over the Detroit River is scheduled to open in 2020. "We're proceeding to build this link", said Duncan, when asked about lawsuit...


Amazon might be publishing a toy catalog, reports say

The news comes just after Toys "R" Us - the battered retailer which previously produced its own holiday catalog- shut down its physical stores last week, foll...


Shouting CEO, changing rules at Tesla's 'Model 3' production line

CEO Elon Musk's supervision of the production line led to tensions rising, as he snapped at engineers if production slowed or a problem was encountered with t...


Melbourne's $55 Million Powerball Has Finally Been Claimed After Nearly Six Months

The ticket was bought at Brunswick's Scole Lotto and News store in Barkly Square way back in January 11. The mystery victor stepped forward to claim the $A55 ...


Retail spending rose 0.4% in May

By category, sales were up in food retailing (0.4 percent), household goods retailing (0.2 percent), department stores (0.5 percent), other retailing (0.2 perce...


Baidu starts mass production of autonomous buses

At its annual AI developer conference, Baidu Create 2018, it introduced version 3 of the Apollo platform, which is incorporated into an electric autonomous bu...


Elon Musk offers to help with Thai cave rescue

Elon Musk arrives to speak at Boring Company community meeting in Bel Air, Los Angeles, on May 17. Musk's companies could help by trying to locate the boys' ...


Sydney Airport and Qantas begin facial recognition trial

Sydney airport announced Thursday that it will begin trialing facial recognition technology, in conjunction with Qantas , in an effort to get passengers from t...


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