Finance

Eyes on Wall Street during U.S.-China tariff war

Eyes on Wall Street during U.S.-China tariff war Japan's Nikkei 225 index gave up 0.7% and South Korea's Kospi fell 1.4%. Shares fell in Taiwan and Southeast Asia. President Trump's efforts to calm investors while he launches a full-scale trade war with China showed signs of cracking on Monday, as one of his top advisers admitted the approach could damage the USA economy, a Goldman Sachs report said it could lead to higher interest rat... [Full Article...]

Amazon offers to help employees start delivery business

Amazon offers to help employees start delivery business The company is expected to need even more control as it accelerates the standard two-day free shipping to one day for Amazon Prime members . Whole Foods employees are not eligible to receive the new incentives. "It would be interesting to see what your pay would work out to on an hourly basis". The process would likely take some time as Amazon tries to ideal the technology and make sure it'... [Full Article...]

China Is Raising Tariffs on $60 Billion of US Goods

China Is Raising Tariffs on $60 Billion of US Goods Mr Trump also said China had "taken so advantage of the USA for so many years". Trump said there "is no reason for the U.S. consumer to pay the tariffs, which take effect on China today ..." Just $5 a month. China has said it will retaliate against any further increases in tariffs. Going forward, however, the fallout from increased tariffs on Chinese goods will dampen global oil demand, a... [Full Article...]

Bayer ordered to pay $2bn in new US Roundup trial

Bayer ordered to pay $2bn in new US Roundup trial The Oakland jury, which awarded each spouse $1 billion in punitive damages in addition to other damages, found that the active ingredient in Roundup - glyphosate - had likely caused the couple's cancer. On appeal a judge later slashed that payout to $78 million . The verdict was the third courtroom defeat for Bayer in cases accusing the chemicals in Roundup of causing cancer. [Full Article...]

Iran calls for probe into recent attacks on ships in the Gulf

Iran calls for probe into recent attacks on ships in the Gulf One of the Saudi ships had planned to deliver crude from the Port of Ras Tanura to the United States , officials said. Saudi Arabia said on Mon-day two of its oil tankers were damaged in mysterious "sabotage attacks" in the Gulf as tensions soar-ed in a region already sha-ken by a standoff between the United States and Iran . [Full Article...]

Trump Just Issued a Warning to President Xi on Trade

Trump Just Issued a Warning to President Xi on Trade USA officials said the Chinese negotiators have been reversing themselves on commitments made in earlier trade talks. On Friday, around 5,700 categories of Chinese-made goods bound for the U.S. The increases already in place have disrupted trade in goods from soybeans to medical equipment and sent shockwaves through other Asian economies that supply Chinese factories. [Full Article...]

Trump warns China about harsher trade deal if reelected

Trump warns China about harsher trade deal if reelected Japan also faces pressure from President Donald Trump to scale back protections because of its farmers and promote more buys of U.S. -brand automobiles. China also sees the removal of all the extra tariffs that have been imposed since past year as a precondition to a deal, whereas US negotiators see retention of some duties as a key mechanism to enforce a deal. [Full Article...]

Trump Warns China Not to Retaliate Against Tariff Hike

Trump Warns China Not to Retaliate Against Tariff Hike The yearlong trade frictions between the world's two biggest economies worsened last week when the Trump administration announced an extra 25% tariff on thousands of Chinese products worth about $200 billion. While he noted that tariffs should be on the table as part of a "comprehensive strategy", like Ms. Harris, Mr. Moulton argued the US needs to coordinate with allies to contain China's growt... [Full Article...]

Nick Clegg dismisses calls for Facebook break-up

Nick Clegg dismisses calls for Facebook break-up The political temperature is rising on Facebook with Democratic presidential hopeful Kamala Harris coming round to the idea of a break-up, saying that politicians in the USA will "have to seriously take a look" at the potential for break up. [Full Article...]

Bannon praises Trump for staying tough on China trade talks

Bannon praises Trump for staying tough on China trade talks The latest breakdown has prompted an escalation in the tariff war between the world's two largest economies that looks increasingly like the International Monetary Fund and others' worst-case scenario for a global economy already forecast to grow this year at its slowest rate since the immediate aftermath of the 2008 financial crisis. [Full Article...]

Top US court allows consumer lawsuit on Apple app store monopoly

Top US court allows consumer lawsuit on Apple app store monopoly The iPhone giant said it only acted as the intermediary, providing a storefront where consumers found and purchased the apps they later installed on their phones. Dailymail.com has reached out to Apple for comment on the court's decision. '.Apple's line-drawing does not make a lot of sense, other than as a way to gerrymander Apple out of this and similar lawsuits'. [Full Article...]

Uber gets hit again; shares below $40

Uber gets hit again; shares below $40 The company had been expecting a valuation as high as $120 billion as it prepared to go public , but in its most recent private funding round, investors had valued it at just $76 billion after posting a $3 billion loss past year. Uber eventually hired Dara Khosrowshahi as CEO. The disappointing debut suggests the public isn't almost so enthused as venture-capital investors are about Uber and... [Full Article...]

Trump Warns China Impasse to Worsen If Xi Retaliates on Tariffs

Trump Warns China Impasse to Worsen If Xi Retaliates on Tariffs According to US President Donald Trump , Beijing should strike the deal with him now, or it could be "far worse" for China if the agreement is re-negotiated during his second presidential term. When Chinese companies pay tariffs to export products to the US, their American customers typically absorb the expense in the form of higher prices. [Full Article...]

State Bank of India says two bids received for Jet Airways

State Bank of India says two bids received for Jet Airways The source also said the minister has directed that a final decision on allocation of Jet Airways slots should not be taken till conclusion of the resolution plan that is being worked out by the airline's lenders. The last date for submitting the bids is May 10. "The company is not involved in the bidding process and has no information with regard to same and is accordingly not in a position t... [Full Article...]

Canada's labour market surprises with biggest one-month jobs gain since 1976

Canada's labour market surprises with biggest one-month jobs gain since 1976 Employment rose by 32,400 in wholesale and retail trade positions, while the construction sector added 29,200 jobs. "And that plan is working - over 1,000,000 Canadians now have jobs compared to 4 years ago". The increased employment in April was driven by 84,000 new jobs in the private sector and a gain of 23,000 jobs in public sector. In the province, youth employment has been trending upward ... [Full Article...]

CONSUMER RECALL: Dresser Tip-Over Danger

CONSUMER RECALL: Dresser Tip-Over Danger About 310,000 of the chests were sold in the U.S.at Walmart.com, Amazon.com, Target.com and other online retailers from October 2009 through July 2018 for about $60. Model numbers are on a label on the back of the chest. There were 6,930 units sold in Canada, and another 315,600 sold in the US and Mexico, between 2009 and 2018. [Full Article...]

Patent suggests Dyson's first EV will be a Tesla Model X rival

Patent suggests Dyson's first EV will be a Tesla Model X rival Now we have an idea of what form Dyson's first EV will take. Dyson said the patents were "deliberately light on specifics" but revealed some of the ways in which the firm was trying to improve on current electric vehicles in its £2.5bn development project. [Full Article...]

Great-grandmother's Disney World arrest underscores the utter insanity

Great-grandmother's Disney World arrest underscores the utter insanity Her doctor's note wasn't sufficient, though, because in Florida , possession of CBD oil is now a felony , according to Fox News , without an in-state doctor's note, even though CBD products are sold at supermarkets in the state. Meanwhile, you can have up to 19.9 grams of leaf-marijuana, and it's a first degree misdemeanor". While it is illegal in the state, it is sold at stores across Flor... [Full Article...]

Sanders, Ocasio-Cortez want to cap credit card interest rates

Sanders, Ocasio-Cortez want to cap credit card interest rates Ocasio-Cortez, who worked on Sanders' 2016 presidential campaign, will introduce the measure in the House. "I think Twitter banned AOC Press for the increasing amounts of attention it's been receiving lately", Morrison said. Congress placed a 15 percent ceiling on credit unions almost 40 years ago, a number they have since raised a number of times. "When we talk about coming together to so... [Full Article...]

Uber is expected to set its share price at $45

Uber is expected to set its share price at $45 The fall in shares undermined Uber's strategy of pricing its oversubscribed IPO conservatively at $45 per share to avoid a repeat of rival Lyft Inc's stock market struggles following a strong debut in March. Uber's valuation in the IPO is nearly a third less than its investment bankers predicted previous year but still above its most recent valuation of $76 billion in the private fundraising mar... [Full Article...]


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