Economy

Oil prices mixed after inventory-fueled spike

Oil prices mixed after inventory-fueled spike

US crude oil production for the month of May stood at 10.442 million bpd, compared to 10.472 million bpd in April. USA nonfarm payrolls rose in July, but the US trade deficit recorded its biggest ...

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Unemployment Rate for Workers Without High School Degrees Hits Record Low

Unemployment Rate for Workers Without High School Degrees Hits Record Low

Economists forecast that employers added 191,000 jobs in July, down from 213,000 in June but easily enough to lower the unemployment rate over time. The U.S. economy has added jobs for 94 consecutiv...

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"Don't Underestimate Trump": US After China Threatens Retaliatory Tariffs

Mr Trump is aiming to reduce his country's $375.6 billion goods trade deficit - the gap between imports and exports - with China . According to Reuters, the Chinese commerce minister said in a st...

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Tax Free Weekend in Missouri Set for August 3-5

Tax Free Weekend in Missouri Set for August 3-5

Smith expects parking demand to exceed capacity throughout the weekend, and the mall will be shuttling employees in to free up additional spaces. It's Back to School season on the First Coast and pa...

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US President says willing to meet with Iran leaders 'any time'

US President says willing to meet with Iran leaders 'any time'

Asked whether he would set any preconditions for the meetings, he said: "No preconditions, no". Good for them. Good for us. "Today we are at a very critical point in history regarding the nuclear de...

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Apple is first public company worth $1 trillion

Apple is first public company worth $1 trillion

This made it hard to determine the company's actual value. The tech giant had relatively flat iPhone sales but increased its revenue thanks largely to higher-priced models including the iPhone X, wi...

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Tesla burns $US740m in cash on way to loss

Tesla burns $US740m in cash on way to loss

According to the report, gross margins of the Model 3 turned 'slightly positive, ' and Tesla approximates a significant growth of 15 and 20 percent in Q3 and Q4 respectively. Tesla says it's on track ...

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European Union offers trade talks to Trump despite steel and olive tariffs

European Union offers trade talks to Trump despite steel and olive tariffs

Trump said Europe agreed to increase purchases of United States liquefied natural gas and lower trade barriers to American soybeans, aiding USA farmers and the energy sector. The official said that ...

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Facebook just had its worst week in the company’s history

Facebook just had its worst week in the company’s history

The fallout comes after the company's announcement that growth might slow after "an avalanche of scandals involving misinformation and data misuse ". The company's user base flatlined in its bigg...

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Heatwave havoc in Britain as 'extreme' temperatures set to climb to 37C

Heatwave havoc in Britain as 'extreme' temperatures set to climb to 37C

And these conditions could last until early Monday morning. Paul Gundersen, chief meteorologist at the Met Office, said: "If you're looking for somewhere to escape the heat, western and northern are...

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Trump accuses China of using 'vicious' trade tactics

Trump accuses China of using 'vicious' trade tactics

Mr. Trump also said the US and European Union would work "closely together" to reform the World Trade Organization and would launch an "executive working group" to implement their joint agenda. In...

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Former Ferrari chairman Sergio Marchionne dies aged 66

Former Ferrari chairman Sergio Marchionne dies aged 66

Upon learning of his passing, Jean Todt, head of the FIA, F1's governing body, said: "Sergio achieved a colossal amount for motorsport worldwide". Having joined Fiat in 2004, he was instrumental i...

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Facebook lost approximately US$150 billion in two hours

Facebook lost approximately US$150 billion in two hours

Operating profit margin , which fell to 44 percent in the second quarter from 47 percent a year ago, will sink to the "mid-30s" for more than two years, Chief Financial Officer David Wehner said in ...

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GOP Free Trade Lawmakers Criticize Trump's $12 Billion Ag Bailout

GOP Free Trade Lawmakers Criticize Trump's $12 Billion Ag Bailout

Farm products have borne the brunt of tariffs imposed by trading partners angered by U.S. trade actions, and Agriculture Secretary Sonny Perdue said the aid program will provide relief. Under th...

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Shares surge at Google's Alphabet as it crushes forecasts

Shares surge at Google's Alphabet as it crushes forecasts

Google's advertising business grew 24 per cent, pushing total Alphabet revenue, minus partner payouts, to US$26.24 billion during the second quarter. "I'm confident we find a way to make sure Andr...

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Trump threatens more tariffs on USA trading partners

Trump threatens more tariffs on USA trading partners

President Donald Trump on Tuesday bragged about the trade wars he started - even though reports from around the country indicate that these trade wars are poised to hammer American farmers. The U....

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John Elkann Appointed Chairman Of Ferrari, Replaces Sergio Marchionne

John Elkann Appointed Chairman Of Ferrari, Replaces Sergio Marchionne

Marchionne was both CEO and chairman of Ferrari and has also been replaced as Fiat Chrysler CEO. Fiat Chrysler aid on Saturday that boss Sergio Marchionne, 66, would not be returning to work b...

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North Korea reaffirmed commitment to denuclearise: Mike Pompeo

North Korea reaffirmed commitment to denuclearise: Mike Pompeo

The text has been criticized for the lack of specifics and deadlines regarding the dismantlement of the North Korean nuclear programme. Also last week North Korea accused the U.S. After Pompeo's vis...

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Japan Moves To Cease Oil Imports From Iran Amid US Warnings

Japan Moves To Cease Oil Imports From Iran Amid US Warnings

Until May this year when the USA announced that it would withdraw from the Iran nuclear deal and renew trade sanctions , Korean companies imported cumulative 44.51 million barrels of crude oil , acc...

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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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