Economy

China's Trade Surplus With the US hits record high

China's Trade Surplus With the US hits record high

This added to brewing tensions between the economic superpowers as they stand on the brink of an all-out trade war that Beijing warned would have a "negative impact" globally. The dollar fell after ...

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Whole Foods Deals to Expect on Amazon Prime Day 2018

Whole Foods Deals to Expect on Amazon Prime Day 2018

The app allows you to add these teased Prime Day deals to your shopping list (wish list). The food store chain was purchased by Amazon past year, and it is offering $10 of credit to spend on Am...

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Shares slide amid escalating U.S.-China trade tensions

Shares slide amid escalating U.S.-China trade tensions

Asked what Beijing would do, foreign ministry spokeswoman Hua Chunying gave no details but said, "We will take firm and forceful measures". "The Chinese government as always will have no choice but to...

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Donald Trump apologises to PM after explosive newspaper interview

Donald Trump apologises to PM after explosive newspaper interview

Mr Trump said he had given the PM a suggestion about how to come out on top in the talks but "she found it maybe too brutal". "I didn't criticize the prime minister", Trump falsely claimed, adding: ...

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Thailand cave rescue: Elon Musk team working on escape pod design

Thailand cave rescue: Elon Musk team working on escape pod design

There was no immediate comment about the plan from Thai officials. The magnanimous founder of Tesla , Space X, Boring Company Elon Musk replied within a couple of hours expressing his will to ...

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Iran to only trade with countries that import its oil

Iran to only trade with countries that import its oil

This means that we will make the purchase of goods conditional on oil sales. "If production increases as we now forecast, a large share of this would be eroded, leaving the global oil market with a li...

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Trump blasts OPEC, warns European companies against Iran ties

Trump blasts OPEC, warns European companies against Iran ties

Last week, OPEC producers voted to ramp up crude production by up to 1 million barrels per day (bpd), a decision that should help contain the recent rise in global energy prices. USA crude futures CLc...

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Walmart sells shirts saying impeach Trump and 'Hillary for Prison'

Walmart sells shirts saying impeach Trump and 'Hillary for Prison'

It's worth noting that Walmart also sells pro-President Donald Trump apparel, too, including the president's signature red "Make America Great Again" hat. The "boycott Walmart" hashtag sparked a c...

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Tariffs might force GM into job cuts

Tariffs might force GM into job cuts

Global Automakers, which represents auto giants like Honda, Subaru and Toyota , blasted the Trump administration's investigation, saying that the Commerce Department has not spelled out its theory ...

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Toys ‘R’ Us writes heartwarming goodbye as it closes for good

Toys ‘R’ Us writes heartwarming goodbye as it closes for good

Shoppers who showed up hoping for bargains didn't seem put out when they arrived and were told that the toys had been sold to a donor. In the photograph posted online by Facebook user Rene Johnpiere...

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Iran to create secondary currency market by next week

Iran to create secondary currency market by next week

Iranian women will be allowed to watch their country's final World Cup group game against Portugal on Monday at a public viewing in a stadium in Tehran, the stadium manager said on Sunday. The economi...

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President warns Harley-Davidson: 'We won't forget'

President warns Harley-Davidson: 'We won't forget'

At the event, Trump heaped praise on the company for manufacturing its motorcycles in the United States and being an iconic American brand. Trump said in one of several tweets Tuesday morning ab...

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Wall Street Journal editorial board tears into Trump's trade policy

Wall Street Journal editorial board tears into Trump's trade policy

Harley-Davidson, which Trump has cited in the past as a company hurt by US trade regulation, said the increased tariffs would cost the company an extra $30 million to $45 million in 2018. The Moto...

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Wayfair: No big impact from Supreme Court case

Wayfair: No big impact from Supreme Court case

A Bicycle Retailer retailer survey earlier this year found that 40 percent of retailers who responded do some online sales. This will create a new revenue stream from state and local governments. The ...

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IN officials react to Supreme Court's online sales tax decision

IN officials react to Supreme Court's online sales tax decision

That ruling held that a state can not require an out-of-state seller with no physical presence in the state to collect and remit sales taxes on goods the seller ships to consumers there. The case the ...

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Canada votes to legalise recreational cannabis use

Canada votes to legalise recreational cannabis use

Instead of bouncing the bill back and forth like they could have, however, the Senate held a vote which passed 52 to 29 with two abstentions, putting Canada one step closer to a legalization date....

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Oil prices rise ahead of OPEC’s June 22 meeting

Oil prices rise ahead of OPEC’s June 22 meeting

Reuters , quoting unnamed OPEC sources, said Iran had demanded that United States sanctions be mentioned in the group's post-meeting communiqué. "I don't think we can reach agreement" on the pro...

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Bitcoin price drops after hackers steal £24m from South Korean exchange Bithumb

Bitcoin price drops after hackers steal £24m from South Korean exchange Bithumb

Cryptocurrencies dropped yesterday after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing concerns about the safety of digital asset trading venues. Bith...

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Trump tariffs: Markets fall as trade war fears mount

Trump tariffs: Markets fall as trade war fears mount

If China looks to raise its tariffs on U.S. goods again, President Trump plans to tack additional tariffs on another US$200bn worth of goods. China responded by saying it would hit 659 usa p...

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Donald Trump threatens 20% tariff on all European cars

Donald Trump threatens 20% tariff on all European cars

The European Union will begin charging import duties of 25% on a range of USA products on Friday, in response to United States tariffs imposed on EU steel and aluminium early this month, the European...

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The Supreme Court just caused stocks of online retailers to tumble

The Supreme Court just caused stocks of online retailers to tumble

Thanks to a 1967 Supreme Court ruling that said states couldn't force mail-order catalogs to collect sales tax unless that company had a physical location in the state, online retailers have been ...

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Trump calls for US$200B more tariffs on China; US futures drop

Trump calls for US$200B more tariffs on China; US futures drop

China imported $129.89 billion of USA goods a year ago, while the United States purchased $505.47 billion (383.6 billion pounds) of Chinese products, according to US data . Trade Representative under...

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Merkel accepts CSU offer to delay ban on migrants: DPA

Merkel accepts CSU offer to delay ban on migrants: DPA

Merkel's own position as chancellor appeared to be threatened after her hardline interior minister and conservative ally, Horst Seehofer, called for Germany to start refusing some refugees at the ...

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Pizza company asking for town nominations for pot hole repairs

Pizza company asking for town nominations for pot hole repairs

The Michigan-based pizza franchiser announced Monday that it has begun to help pay for road repairs in four municipalities and would consider offering similar assistance to others based on nominatio...

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AT&T can buy Time Warner as judge shuts down Department of Justice

AT&T can buy Time Warner as judge shuts down Department of Justice

The Justice Department is not likely to be put off by the loss, said Amy Ray of the law firm Cadwalader, Wickersham & Taft LLP, noting it had prevailed in stopping other mergers between rivals. It...

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Pompeo on Trump’s diplomatic crisis: ‘There are always irritants in relationships’

Pompeo on Trump’s diplomatic crisis: ‘There are always irritants in relationships’

The president who once described Kim as "Little Rocket Man" and threatened to destroy his country if it did not give up nukes, has not said what might happen if the summit goes the wrong way. Likely...

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US Suspends Tech Ban In Exchange For Record Fines & US Oversight

US Suspends Tech Ban In Exchange For Record Fines & US Oversight

The terms of the deal include a $1 billion penalty against ZTE and dictate that the company install a US chosen compliance team. Commerce Secretary Wilbur Ross says the US has struck a deal with ...

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Microsoft wants to put data centres underwater

Microsoft wants to put data centres underwater

Microsoft's vision concerning Project Natick is one of sustainable data centers that operate exclusively from the seafloor, as the demand for cloud computing infrastructure is ever growing. The t...

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James, Curry agree victor of NBA Finals would skip White House visit

James, Curry agree victor of NBA Finals would skip White House visit

He declined to provide information on how things escalated to the White House accusing players of abandoning their fans by deciding to not attend. Speaking to her, he added, "The people love you, ...

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ZTE signs preliminary agreement to lift U.S. ban

ZTE signs preliminary agreement to lift U.S. ban

Senate, including lawmakers from both the Republican and Democratic parties, have stated ZTE's phones are a major security threat, claiming they could be used by the Chinese government to spy on U.S. ...

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