Economy

Sergio Marchionne, Former Fiat Chrysler CEO, Has Died at 66

Sergio Marchionne, Former Fiat Chrysler CEO, Has Died at 66

Marchionne, who was Italian and Canadian, had revived Fiat by 2009 when he was picked by the US government to save USA -based Chrysler from its trip through bankruptcy protection after being owned by ...

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Bank of Japan moves to lower yields

Bank of Japan moves to lower yields

The benchmark 10-year yield was flat at 0.080 percent. "That fear gets stoked when you have reports such as this", said Rory McPherson, head of investment strategy at Psigma Investment Management. Tru...

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Donald Trump, EU's Juncker agree to ease trade tensions

Donald Trump, EU's Juncker agree to ease trade tensions

The big dispute is over cars, with Mr. Trump threatening massive tariffs on if for the European Union didn't lower high tariffs on cars. Republicans laid into the tariffs on Tuesday amid the stand...

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Insider says Apple’s most exciting new iPhone of 2018 may be delayed

Insider says Apple’s most exciting new iPhone of 2018 may be delayed

Here's the backstory: Long ago, a company called Infineon provided the modems for iPhones. Qualcomm has previously said it wasn't including any revenue from Apple in forecasts, so Wednesday's commen...

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1 winning ticket sold in $543 million Mega Millions jackpot

1 winning ticket sold in $543 million Mega Millions jackpot

The lucky numbers were 01-02-04-19-29. Two, sold in MA and Texas, included the optional Megaplier (an optional $1 purchase available in most states) and are worth $3 million each. The odds of winning...

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US, Iran face-off to send oil price sky high

US, Iran face-off to send oil price sky high

Iranian officials described the US move as an economic war. On July 17 Iran filed a lawsuit against the United States illegal withdrawal from the nuclear deal and reinstating its unilateral, saying ...

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Sergio Marchionne Currently in a Coma With Irreversible Brain Damage

Sergio Marchionne , man and friend, is gone", John Elkann, the great-great grandson of Fiat founder Giovanni Agnelli and the chairman of EXOR, the investment firm that controls FCA, said in a state...

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Trump says he hopes to strike trade deal with Europe

Trump says he hopes to strike trade deal with Europe

I applaud the Administration for taking this needed action, and I am confident that President Trump , Secretary Perdue, and Ambassador Branstad are all working diligently to open China's markets to...

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Philips, Asus, Pioneer and D&M hit with e-commerce fines

Philips, Asus, Pioneer and D&M hit with e-commerce fines

The companies are guilty of attempting to control the pricing of online retailers, preventing them from selling the companies products under the recommended prices set, and threatening to limit retail...

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Facebook revenue and user growth fall short of estimates as scandals hit

Facebook revenue and user growth fall short of estimates as scandals hit

The company's user growth fell short of expectations in the same quarter that Chief Executive Officer Mark Zuckerberg testified for 10 hours in U.S. Congress on data privacy issues. "We did see a decl...

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Fiat Chrysler CEO Sergio Marchionne’s health crisis forced succession scramble

Regarded as a saviour of Fiat , Italy's automotive champion, the Italian-born Marchionne set in motion the marriage between Fiat and bankrupt USA rival Chrysler just over a decade ago. Last week ...

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Trump says China is targeting U.S. farmers, being ‘vicious’

Trump says China is targeting U.S. farmers, being ‘vicious’

He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that a year ago totalled $335 billion. The president said he was fighting to get America...

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Donald Trump and Jean Claude Juncker: ‘Boredom and irritation’ - body language analysed

Donald Trump and Jean Claude Juncker: ‘Boredom and irritation’ - body language analysed

European Trade Commissioner Cecilia Malmstrom, who will accompany Juncker, said last week that the EU was preparing a list of USA products to hit if the United States imposed the tariffs. Though the...

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#BRICS: SA signs $14 billion trade agreements with China

#BRICS: SA signs $14 billion trade agreements with China

China is now the single greatest investing country to the continent and with its trade war with the United States having taken effect it was expected that most of the Asian country's investment may be...

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Mega Millions jackpot soars to $522M

Mega Millions jackpot soars to $522M

The odds of winning the grand prize at the drawing tonight is 1 in 302 million. Tickets can be purchased at any New York Lottery retailer for $2, seven days a week. The jackpot, now at $522 million,...

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Trump administration to announce financial assistance to farmers in wake of tariffs

Trump administration to announce financial assistance to farmers in wake of tariffs

But the taxes also exact a toll on USA businesses and consumers, which pay more for imported products. U.S. Wheat Associates and the National Association of Wheat Growers issued a joint statement,...

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Kind cop filmed helping homeless job hunter to shave

Kind cop filmed helping homeless job hunter to shave

Carlson described how he ended up helping Phil out with his grooming that day, in a video of a news conference shared to Facebook by the City of Tallahassee Police Department. "We are always looki...

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Trump tweets tariffs ‘are the greatest’ and threatens additional levies

The announcement came hours after Trump tweeted that tariffs "are the greatest! ". The exports have been a prime target of China and other countries that have retaliated against the series of tar...

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Google stock up 5 percent after pulverizing earnings expectations

Google stock up 5 percent after pulverizing earnings expectations

The European Union's previous record fine was also aimed at Google, a $2.7 billion levy it imposed past year for unfairly favoring its comparison-shopping service in its search results. That leaves th...

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Harley-Davidson warns European Union tariffs will hit profits

Harley-Davidson warns European Union tariffs will hit profits

How badly was the company hurt? Operating margin will drop to between 9 per cent and 10 per cent this year due to the expected impact of tariffs, the Milwaukee-based manufacturer said in a statemen...

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President Trump on EU Trade Negotiations: Better Late Than Never

President Trump on EU Trade Negotiations: Better Late Than Never

The Department of Agriculture (USDA) announced earlier Tuesday it would offer $12 billion in emergency aid for farmers impacted by the tariffs on American grain, produce and meat exports. Responding...

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Satellite photos show North Korea ‘dismantling rocket launch site’

Satellite photos show North Korea ‘dismantling rocket launch site’

While several members of the media have decided President Donald Trump's negotiations with North Korea have mostly failed, new commercial satellite imagery of the Sohae Satellite Launching Statio...

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USA announces billions to help farmers hurt by Trump tariffs

The plan aims to provide temporary relief to farmers who have faced retaliation from US trade partners during Trump's escalating trade dispute with China. After Trump announced plans to impose $50 bil...

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Goldfish Crackers Recalled Over Salmonella Concerns

Goldfish Crackers Recalled Over Salmonella Concerns

Mondelez Global has voluntarily begun recalling some Ritz Cracker sandwiches and Ritz Bits products over concern that they may include an ingredient tainted with salmonella . The company wants anyo...

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China says threats, intimidation on trade will never work

China says threats, intimidation on trade will never work

The dollar index went as deep as 94.207 on Monday, the lowest in more than two weeks. Trump tweeted on Friday: "China, the European Union and others have been manipulating their currencies and inter...

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European stocks slide, led by carmakers, as new Trump tariffs loom

European stocks slide, led by carmakers, as new Trump tariffs loom

South Korea's Kospi added 0.3 percent and Hong Kong's Hang Seng gained 0.8 percent. Meanwhile, both Enbridge and TransCanada saw losses of more than 2 per cent, surrendering some of their gains on Thu...

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Papa John’s board adopts ‘poison pill’ to prevent Schnatter takeover

Papa John’s board adopts ‘poison pill’ to prevent Schnatter takeover

The company removed Schnatter from its commercials and marketing materials and kicked him out of office space at its headquarters . The poison pill language adopted by the board is created to prevent...

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Daily News layoffs announced

Daily News layoffs announced

The New York-based newspaper was sold to tronc previous year for one dollar, with the owner of the Chicago Tribune assuming liabilities and debt. Rich's Twitter profile now reads , "Just a guy ...

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Alphabet 2Q earnings: Here’s what to expect

Alphabet 2Q earnings: Here’s what to expect

Google's advertising business grew 24% over the quarter. In the same quarter past year, Alphabet reported earnings of $5.01 per share on revenue of $26 billion. Still, Alphabet's outlook remains t...

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Women Politicians Laud Move To Make Sanitary Pads Tax

Women Politicians Laud Move To Make Sanitary Pads Tax

The government in India has finally abolished the controversial tax on the menstrual pads, an action that activists says will help more girls come to school while having their periods. Twinkle was the...

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Elon Musk tweets, Tesla's stock tumbles

Elon Musk tweets, Tesla's stock tumbles

Tesla in late June finally hit an important production target for the Model 3, its most accessibly priced electric vehicle. Concern that the memo signaled that money-losing Tesla was scrambling to ...

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Tesla asked suppliers for money back to boost profitability

Tesla has asked some suppliers to refund money paid by the electric vehicle maker since 2016, the Wall Street Journal reported on Sunday , citing a memo. The Monday stock sell-off, to $296.61 at 10:1...

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Two illnesses linked to McDonald's salads confirmed in Sangamon Co

Two illnesses linked to McDonald's salads confirmed in Sangamon Co

Now, McDonalds has stopped selling their salads in over 3,000 restaurants in Illinois, Iowa, Indiana, Wisconsin, Michigan, Ohio, Minnesota, Nebraska, South Dakota, Montana, North Dakota, Kentucky, Wes...

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Trump threatens tariffs on all $500 billion of Chinese imports

Trump threatens tariffs on all $500 billion of Chinese imports

China has retaliated with duties of its own, hitting US imports of soybeans and pork. "People can comment, including the president and other politicians", said St. The commander in chief threatend...

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Trump Says No Rush On N/Korea Denuclearisation

Trump Says No Rush On N/Korea Denuclearisation

North Korean state media, which has often derided the South and its former presidents as a "puppet" of U.S. hostile forces, has notably refrained from criticising the Moon administration especially af...

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