Economy

Twitter shares fall 20% after reporting user decline

Twitter had 335 million monthly users in the second quarter, below the 339 million Wall Street was expecting, and down slightly from 336 million in the first q...


Facebook hit with class-action suits following stock tumble

The fallout comes after the company's announcement that growth might slow after "an avalanche of scandals involving misinformation and data misuse ". The O...


Trump re-election flags may get burned by his tariffs

Mr. Trump imposed a 25-percent tariff on steel and a 10-percent tariff on aluminum imported from the European Union in June , and the EU retaliated with "reb...


Winning Mega Millions jackpot ticket sold in California

The estimated jackpot prize amount has been revised based on final sales totals and is now worth an $543 million, up from an estimated $522 million. The winn...


Trump says agreed with EU to work to lower trade barriers

U.S. farmers have been hurt by China's retaliatory tariffs on American soybeans amid an escalating trade fight between Washington and Beijing, and Trump has...


Facebook stocks plummet more than 20% amid concerns over growth

Instagram has grown to 1 billion monthly users from 600 million in late 2016, while Facebook's two messaging apps, Messenger and WhatsApp have each reported ...


A Deal for Trump and Juncker

Republican Senator Ben Sasse, a frequent Trump critic, said the president's trade policies recalled a past of perilous economic instability. Despite trans-Atl...


Donald Trump: 'Tariffs are the greatest!'

And American consumers are the ones who get hit with US -imposed tariffs. Trump has threatened to place tariffs on up to $500 billion in products imported fro...


Tesla Turns To Suppliers To Help It Become Profitable

It is spending about $1 billion a quarter as it ramps up manufacturing of the Model 3 sedan, a lower-priced vehicle that is key to Tesla's plans of becoming a...


Trump Accuses China, E.U. of Currency Manipulation

The figure is roughly double the value of Chinese products on which Trump has already imposed or threatened to impose tariffs-and almost equal to the total valu...


GST Council reduces tax rates on more than 50 items

The Finance Minister informed that the Special meeting of GST council will be held on 4th of next month in Delhi and it will be focussed on Micro, Small and M...


Microsoft revenue exceeds $100bn boosted by cloud services

This brings the total revenues for the fiscal year to a mightily-impressive $110.4 billion. Productivity and Business Processes grew 13% (10% CC), with Offic...


What is a currency war and could Trump trigger one?

President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs , sending US markets sliding before the opening...


Elon Musk In Hot Water Over 'Pedo' Tweet (NASDAQ:TSLA)

Unsworth was among the first to respond when authorities in northern Thailand asked for help on a massive search and rescue operation for a youth soccer team ...


China vows to fight back as the trade war escalates

Beijing's Commerce Ministry called the new tariff list "totally unacceptable" and says China would impose countermeasures and file a lawsuit at the World Trade...


China retaliates as trade war starts and Fed warns of economic hit

A China central bank adviser said the planned US import tariffs on $ 50 billion worth of Chinese goods - $34 billion plus a planned follow-on list worth $16 bi...


Prime Day returns on July 16th, deals are starting now

You can see them all on Amazon's Prime Day 2018 hub, but there are two in particular that we wanted to bring to your attention. Pro tip: You can also learn ab...


76ers to meet with LeBron James' agent in Los Angeles

He played in all 82 games for the first time in his 15-year career in 2017-18 and becomes the first player in National Basketball Association history to lead ...


Tesla hits Model 3 manufacturing milestone, hours after deadline

Musk also said Tesla had hit its 7,000 per week Model S and Model X production targets at the same time . Tesla released its eagerly-anticipated seco...


Saudis will pump up oil production, says Trump

In reality, the output increase isn't expected to exceed 700,000 barrels per day because some members are already pumping at maximum capacity. "During the cal...


'It is a dollar for dollar response': Canada strikes back at US

Prime Minister Justin Trudeau's government released Friday the final list of items that Canada will target beginning July 1. Foreign Affairs Minister Chrys...


In farewell to USA shoppers, Toys 'R' Us urges 'Play on!'

But numerous children who happily sang the "I don't wanna grow up, I'm a Toys R Us kid" jingle grew into busy parents who found shopping online more convenient....


Harley Davidson Is Moving Some Of Its Production Out Of The US

The company reported $5.65 billion in revenues past year and Europe is its largest overseas market, with nearly 40,000 customers buying motorcycles there in 201...


Shopping online? Now you will have to pay taxes

In addition to being a win for states, the ruling is a win for large retailers, who argued the physical presence rule was unfair. "If you are a local busine...


Online sellers consider how to comply with sales-tax ruling

The 5-4 Thursday decision in South Dakota v. Wayfair overturned a 1992 ruling that said retailers could only be required to collect sales taxes in states whe...


China accuses USA of trade ‘abuses’ as India hits back at Trump

He pledged to impose tariffs on imports from countries that Trump said had exploited the United States . The European Union slapped revenge tariffs on icon...


Oil prices rise ahead of OPEC’s June 22 meeting

The oil market would normally hear a decision, and typically react, on the same day as the meeting of OPEC members, which is set for this Friday, "but this ...


German automakers offer to end EU's tariff's on U.S. autos

The Commission formally adopted a law putting in place the duties on 2.8 billion euros (RM12.9 billion) worth of US goods, including steel and aluminium product...


Oil slumps below $65 as OPEC clash looms, trade war escalates

Thus, although Saudi Arabia and Russian Federation might decide increase the output, the higher production might not offset the disruptions. Members of the Or...


China Join Hands to Counter OPEC’s Dominance in Asian Oil Market

U.S. President Donald Trump said on Wednesday oil prices were too high and blamed OPEC, renewing his attack even as prices fell on Wednesday amid expect...


European Central Bank calls halt to quantitative easing, despite 'soft' euro

The U.S. dollar edged lower against the Japanese yen on Friday, as President Donald Trump announced hefty tariffs on $50 billion of Chinese imports and Beijing ...


Chicago Picks Musk's Boring Co. for O'Hare Express Service

At a news conference with Mayor Rahm Emanuel on Thursday, Musk said the Loop "will ultimately transition to the Hyperloop system". Last year, mayor Eman...


AT&T closes $85 billion deal for Time Warner

The ruling allowed AT&T to absorb the owner of CNN , HBO , the Warner Bros. movie studio, "must-see" shows and coveted sports programming like college basketb...


Amazon expands Prime Whole Foods discount to Alabama

Amazon is expanding benefits at Whole Foods stores to Prime members in North Carolina. Prime member deals will be prominently featured in store and customers...


Judge clears AT&T takeover of Time Warner

The Justice Department argued that the merger between AT&T and Time Warner would introduce unfair advantages in the marketplace. "This decision from J...


Domino's Pizza is paving the nation's potholes, but not Michigan's

Why? To reduce pizza "pizza jostling" and "irreversible damage to your pizza on the ride home", the company says . In a semi-dystopian twist, Domino's embl...


IHOP reveals the mystery of IHOb

With that being said, they have " breakfast " burgers , as well. The so-called beef went away as soon as it started, however, with Wendy's signing a sort o...


Kwesi Nyantakyi resigns as Ghana FA President after bribery exposé

Ghana's Sports Minister Isaac Asiama has stated that the association will be "dissolved with immediate effect", Ghana Web reports. Below is the full stat...


By Law, Trump Must Discuss Human Rights with Kim

He has also dangled the prospect of Kim Jong Un visiting Washington if the meeting goes well. Log in if you are a subscriber or register to get access. "We'...


G7 leaders meet amid fear of a global trade war

Europe and hosts Canada warned US President Donald Trump on Thursday that they will not be intimidated at the G7 summit, despite fears that a trade war will wea...