Economy

Wall Street set to open lower after June jobs data

Wall Street set to open lower after June jobs data

As of 6:00 a.m. ET, futures on the blue-chip Dow were seen losing 38.5 points, or 0.14% to 26,931.5. Indeed, the S&P 500 and NASDAQ indexes moved down slightly by 0.19% and 0.18% in pre-market act...

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Expert View: Modi government releases budget to get growth back up

Expert View: Modi government releases budget to get growth back up

In 2014, it was 3.3 per cent in India. Nirmala Sitharaman , Finance Minister in her speech said, "With an aim to become a global hub for electric vehicle manufacturing, the government has already m...

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Windsor’s unemployment rate holds steady at 5.7 per cent

Windsor’s unemployment rate holds steady at 5.7 per cent

Saskatchewan realized almost 2,500 new jobs in June, with most of the growth coming in accommodation and food services. However, the labour force shrunk from 106,100 people from 107,600. "With infla...

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Jim Beam Bourbon Warehouse Fire

Jim Beam Bourbon Warehouse Fire

Wednesday, fire officials made the decision to let the fire burn itself out rather than put more water on it, which they say would cause more bourbon to run off into the waterways. "A lot of fishe...

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ANZ only big bank to fully pass on RBA cut

ANZ only big bank to fully pass on RBA cut

It is the first back-to-back cut in interest rates since 2012 when the central bank cut rates by 0.50% in May and 0.25% in June of that year. "It is not unrealistic to expect a further reduction in th...

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Facebook told to halt its Libra cryptocurrency by United States lawmakers

Facebook told to halt its Libra cryptocurrency by United States lawmakers

US policymakers are calling on Facebook to pause the development of its Libra cryptocurrency project in a new open letter addressed to the social media giant's executives. The cryptocurrency ...

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Australia senate backs $110b tax cut plan

Australia senate backs $110b tax cut plan

The Australian Council of Social Service, a group that lobbies for poverty reduction, welcomed the immediate rebate, which will see those earning between A$48,000 and A$90,000 getting A$1,080 of relie...

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US, China Could Resume Formal Trade Talks in Days

US, China Could Resume Formal Trade Talks in Days

Commenting on the U.S. side's argument that the future trade agreement should tilt in the direction favourable to the U.S. side, Gao said the essence of Sino-U.S. "It's great we are reopening talks wi...

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Police working to identify viral Blue Bell ice cream licker, camera man

Police working to identify viral Blue Bell ice cream licker, camera man

Throughout the video , another voice is heard supporting the behavior, before telling the woman to "put it back". Joke, or not, this is gross. WAFB reached out to the Louisiana Department of He...

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U.S. Private Sector Job Growth Reaccelerates Less Than Expected

U.S. Private Sector Job Growth Reaccelerates Less Than Expected

While large businesses of 500 or more employees gained 65,000 jobs for the month, and medium businesses of 50-499 employees added 60,000, small businesses of under 50 employees lost 23,000 jobs, ADP ...

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Drenched Trump supporters, protesters mark July 4 in DC

She said she did not come to the Mall to protest but ended up doing so. Then, at 9:00 P.M., a great (to put it mildly) fireworks display. But aides allegedly warned Mr Trump that driving tanks n...

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Economic Survey 2019 outlines vision to achieve Dollars 5 trillion economy: PM

Economic Survey 2019 outlines vision to achieve Dollars 5 trillion economy: PM

The theme of this year's Economic Survey is to enable "Shifting Gears" to accelerate and sustain a real GDP growth rate of 8 per cent. The Indian economy is expected to grow at 6.8 per in 2018-19 wh...

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International Monetary Fund loan of $6b to bring sustainable economic growth: Hafeez

International Monetary Fund loan of $6b to bring sustainable economic growth: Hafeez

The fund also said the board's approval allows for an immediate disbursement of about $1 billion (SDR716 million). The advisor said the approval of the Extended Fund Facility by the IMF has sent a p...

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UK's financial watchdog proposes to ban crypto derivatives for retail investors

UK's financial watchdog proposes to ban crypto derivatives for retail investors

These features could harm users from "sudden and unexpected losses", and therefore, it is consulting on banning the sale, marketing and distribution of all derivatives, including contracts for differ...

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Broadcom is in 'advanced talks' to buy Symantec for $15bn

Broadcom is in 'advanced talks' to buy Symantec for $15bn

Under its control, Broadcom CEO Hock Tan would need to "aggressively" trim Symantec's costs and keep sales stable at a time when it is losing market share. However, Intel sold a majority stake in McAf...

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Taco Bell Is Experiencing Tortilla Shortage and Foodies Are Freaking Out

Taco Bell Is Experiencing Tortilla Shortage and Foodies Are Freaking Out

A "Double Decker Taco" is just a hard taco wrapped in a soft taco . And so on and so forth. Say it ain't so, Taco Bell. Welcome to the "Tortillapocalypse ". Yet another post from another user cl...

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Krispy Kreme Launches Delivery in 15 States

The options are for people who live within a range of those stores. An order of a dozen original glazed doughnuts starts at $9.39, but with tax, a 20 percent tip (which you should include for your del...

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Easier policy from two new Fed nominees?

Easier policy from two new Fed nominees?

Louis, where he has worked since 2009. The other, Judy Shelton, has been an informal adviser to Trump and publicly said the central bank should reduce rates. The president chose Powell for the Chair...

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Euro zone June business growth slow as factories still faltering

Euro zone June business growth slow as factories still faltering

The IHS Markit/CIPS services Purchasing Managers' Index (PMI) slipped to 50.2 from 51.0 in May, weaker than the average forecast. Broadly stagnant sales contracted India's service sector output duri...

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Financials help boost Toronto stock market, US stocks also move higher

Financials help boost Toronto stock market, US stocks also move higher

Despite the latest development in trade talks, traders are still expecting the Fed's next move will be an interest rate cut as soon as at its July 30-31 policy meeting. Tesla rose 4.6% after telling i...

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Canopy Growth co-CEO Bruce Linton steps down

When asked specifically if he was terminated or if he stepped down voluntarily, Linton clarified, "I was terminated". Linton has been the public face of the company he co-founded, which now has appr...

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Why Prime Day Isn't Just About Amazon Anymore

Why Prime Day Isn't Just About Amazon Anymore

Amazon will be able to send you exclusive "sneak peek" deals based on your shopping activity, so you can make the most of Prime Day when it comes. Upgraded Delivery Options: With Business Prime, ...

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Australian exports ride high on iron ore price recovery

Australian exports ride high on iron ore price recovery

Global seaborne iron ore trade is expected to drop by 4% in 2019 to 1.53 billion tonnes, the report said, as the Brazilian shutdowns and weather disruptions in Australia take their toll. Australia is ...

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Bitcoin Price Tanks Below $10,000. Is Bull Run Over?

Bitcoin Price Tanks Below $10,000. Is Bull Run Over?

This bloody move is the result. Bitcoin's price extended to the downside on Tuesday, and for the first time this year has fallen more than 30% from its recent peak, giving investors a rare opportu...

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Lee Iacocca dead at 94 after developing the Ford Mustang and Pinto

Lee Iacocca dead at 94 after developing the Ford Mustang and Pinto

The cause was complications from Parkinson's disease, his daughter Lia Iacocca Assad told The Washington Post . The Ford Mustang, an iconic auto in American popular culture, was also a best-selle...

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Apple CEO triggered by reports of design decline

Apple CEO triggered by reports of design decline

The departure of Ive signals that operations now rules over design at Apple . This in turn demoralised Ive who, according to the account , became an increasingly distant figure at Apple Towers. With...

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US proposes tariffs on EU cheese, pork and whiskey

US proposes tariffs on EU cheese, pork and whiskey

In April , the European Commission prepared a list of U.S. products that could be affected by fresh duties worth €19 billion, EURACTIV reported. The US trade representative's office released a lis...

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Tesla stock pops after setting new production and delivery records

Tesla stock pops after setting new production and delivery records

The US$3,750 USA federal tax credit buyers were eligible for was cut by half beginning July 1, and deliveries tailed off the last time the incentive shrank. Tesla will give Wall Street a view into sec...

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U.S. June auto sales a mixed bag; SUVs, trucks still strong

U.S. June auto sales a mixed bag; SUVs, trucks still strong

And U.S. auto sales are expected to continue to cool off after several years of growth. The Chevy Silverado had long held second place behind Ford's F-Series pickup trucks, with Ram usually a distant ...

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Minimum wages rising in these states, cities

Minimum wages rising in these states, cities

The legislation has more than 180 co-sponsors, including support from House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y. But a flurry of hikes in state capitols and...

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EU's Tusk: Lagarde would be flawless head of European Central Bank

EU's Tusk: Lagarde would be flawless head of European Central Bank

The official start of Tuesday's summit was delayed until the afternoon as European Council chairman Donald Tusk continued separate talks with leaders. "I think that it was worth waiting for such an ou...

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Australia cuts interest rates to new low of 1%

Australia cuts interest rates to new low of 1%

EUR/USD held around 1.1290 for the most part before an European Central Bank report suggesting no rate cut is imminent helped push the pair to a high of 1.1321. Westpac said it would reduce all variab...

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Tesla announces record electric auto production for Q2

Tesla announces record electric auto production for Q2

Despite the bullish sentiment on the part of Osha, the analyst did note his expectations are lower than the number of Model 3 Sedans Tesla delivered in both the third and fourth quarters of a year a...

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Opec set to extend oil supply cut as Iran endorses pact

Opec set to extend oil supply cut as Iran endorses pact

The move to extend production cuts was reportedly supported by Iran, which is now at odds with Saudi Arabia over the recent attacks on two oil tankers in the Strait of Hormuz and the ongoing war in ...

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EUR/USD may fall under ECB President Christine Lagarde

EUR/USD may fall under ECB President Christine Lagarde

International Monetary Fund chief Christine Lagarde says she is giving up her IMF duties temporarily now that European Union leaders nominated her for the presidency of the European Central Bank . ...

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