Economy

Donald Trump Says Boris Johnson Would Do

Donald Trump Says Boris Johnson Would Do "Great Job" As British PM

Referring to outgoing Prime Minister Theresa May, whom he has repeatedly criticized for her handling of Britain's separation from the European Union, Trump said "the previous prime minister has done...

by · Economy
IEA does not expect 'huge increase' in crude prices: executive director

IEA does not expect 'huge increase' in crude prices: executive director

Brent was on track to fall about 7% for the week, its largest weekly loss since December. Oil prices fell this week on rising fears of weakening demand and a renewed supply surplus. Meanwhile, U.S. ...

by · Economy
Smitty’s Ice Cream in Alamance County to celebrate National Ice Cream Day

Smitty’s Ice Cream in Alamance County to celebrate National Ice Cream Day

Several places in the Piedmont will offer ice cream for free or at a discount to celebrate on Sunday. This year, Ruru Baked is releasing a special edition flavour in honour of the national day. Fo...

by · Economy
Outrage over KLM diktat to cover up while breastfeeding in flights

Outrage over KLM diktat to cover up while breastfeeding in flights

The airline deleted the tweet about 12 hours after it was posted , according to The Washington Post , and later tweeted an apology. California native and new mother, Shelby Angel , says she felt...

by · Economy
Rent in Ottawa out of reach for low-income earners, report finds

Rent in Ottawa out of reach for low-income earners, report finds

The report defines "affordable" rent as 30% or less of a renter's pre-tax income, the same cut-off used by the federal government. Minimum wage workers in Vancouver to cover the highest rent for a t...

by · Economy
Garuda Indonesia Bans In-Flight Photos; Ruling Since Reversed

Garuda Indonesia Bans In-Flight Photos; Ruling Since Reversed

According to The Guardian the duo could face defamation charges under Indonesia's strict electronic transactions law. There were comments on the post wondering if this was a publicity stunt of sor...

by · Economy
Sterling extends slide below $1.25 as no-deal Brexit jitters jump

Sterling extends slide below $1.25 as no-deal Brexit jitters jump

Johnson and Hunt both made their opposition clear to the Northern Irish backstop during the debate. The pound also weakened to new a six-month low versus the euro of 90.42 pence, down 0.5% on the da...

by · Economy
S.Korean political leaders vow to work together to resolve Japan dispute

S.Korean political leaders vow to work together to resolve Japan dispute

The rate cut, the first since June 2016, underscores the need to help the economy deal with a series of headwinds including a trade tussle between the United States and China, and more recently, its...

by · Economy
Gold retraces from 2-week peak on profit-booking

Gold retraces from 2-week peak on profit-booking

Bullion had firmed on Wednesday after the Fed reported that the US economy has continued to grow at a "modest" rate in recent weeks. " The other day we had favorable information from the UNITED STAT...

by · Economy
Viagogo suspended from advertising on Google

Viagogo suspended from advertising on Google

That's despite the fact that Viagogo has fallen foul of both the UK's Competiton and Markets Authority (CMA) and the Australian Competition and Consumer Commission (ACCC). The secondary ticketing ...

by · Economy
House passes bill that would raise min. wage to $15 an hour

House passes bill that would raise min. wage to $15 an hour

Four years ago, @KeithEllison and I rallied with low wage workers for an increase in the federal minimum wage to $15 an hour. The Congressional Budget Office said in a report earlier this mont...

by · Economy
Turquoise Hill shares plunge on delays, higher costs at Mongolian mine

Turquoise Hill shares plunge on delays, higher costs at Mongolian mine

This range includes contingency of up to eight months reflecting the unexpected and challenging geotechnical issues, complexities in the construction of shaft 2 and the detailed work still required to...

by · Economy
Trump says he could impose more China tariffs if he wants

Trump says he could impose more China tariffs if he wants

According to Politico, Trump also explained during a recent White House event that Washington has been losing an estimated eight-hundred billion US dollars a year to China. The U.S. president said h...

by · Economy
International Monetary Fund chief, Lagarde, announces resignation

International Monetary Fund chief, Lagarde, announces resignation

In a statement, Lagarde said she had made the decision to quit in order to create room for the quick appointment of her successor. As head of the IMF, Lagarde coordinated large bailout loans for tro...

by · Economy
Bill Gates just lost his ranking as the world's 2nd-richest person

Bill Gates just lost his ranking as the world's 2nd-richest person

Just last month, Arnault became the third person to join the $100 billion club, and in 2019 alone his net worth has risen $ 39 billion . Other French billionaires , including Kering's Francois-Henri ...

by · Economy
AOC Grills Facebook Exec on Libra Digital Currency

AOC Grills Facebook Exec on Libra Digital Currency

The Libra Reserve itself will be backed by a basket of currencies including the USA dollar, the British pound, the euro and the Japanese yen. "I'm concerned a 2020 launch date represents deep inse...

by · Economy
The latest Apple AirPods are on Sale

The latest Apple AirPods are on Sale

As long as the headphones are on, they're connected. With "Hey, Siri" support, you can do everything from adjust the volume and change songs to make calls and get directions. "Initial pairing and sw...

by · Economy
Portillo’s offers perks during National Hot Dog Week

Portillo’s offers perks during National Hot Dog Week

For National Hot Dog Day 2019, participating Nathan's Famous Hot Dogs restaurant locations are offering a second hot dog for 5 cents each when you buy one hot dog at regular price. This deal is av...

by · Economy
Bank of America reports profit beat, revenue miss

Bank of America reports profit beat, revenue miss

Meanwhile, overall revenue matched analyst estimates to grow by 2.1% to reach $23.2bn. That comes to per share profit of $0.74 on revenue of $23.1 billion. That is because banks were able to charg...

by · Economy
British manufacturer Lotus unveils Evija all-electric supercar

British manufacturer Lotus unveils Evija all-electric supercar

Lotus CEO Phil Popham is now providing the answer as he talked about the company's future with Autocar . Geely Chief Technical Officer Feng Qingfeng, also CEO of Group Lotus following a takeover by...

by · Economy
The fully-electric MG ZS will only cost £21,500

The fully-electric MG ZS will only cost £21,500

The first zero-emission SUV in India carries plenty of significance for the brand as it brings Hyundai firmly into the picture in terms of green mobility. That battery is a water-cooled 44.5kWh unit...

by · Economy
Elon Musk Gives First Glimpse of His Brain-Reading Venture

Elon Musk Gives First Glimpse of His Brain-Reading Venture

However, the sewing technique still requires holes to be drilled into the skull, though Neuralink hopes to use lasers to avoid such an invasive procedure that might shake the sense out of someone's ...

by · Economy
U.S. Housing Starts Declined 0.9% in June

U.S. Housing Starts Declined 0.9% in June

Cooling mortgage rates in recent months could be nudging the housing market toward a modest spring performance. "Restrictive and costly regulations, rising construction costs and an ongoing labor sh...

by · Economy
Fed's Powell doubles down on rate cut signal

Fed's Powell doubles down on rate cut signal

He noted the need to raise the federal government's borrowing limit and Britain's pending departure from the European Union as additional challenges facing the economy. Dallas Federal Reserve Bank Pre...

by · Economy

Wait, what? Mercedes-Benz X-Class to be discontinued, report suggests

The three-pointed star's pick-up truck will be dropped from the marque's product line-up in light of profit warnings according to sources at the brand, Automotive News Europe reported. The pickup, w...

by · Economy
US Huawei sales ban may lift in 2-4 weeks

US Huawei sales ban may lift in 2-4 weeks

At the G20 Summit recently, it appears President Donald Trump was ready to lift the restrictions following talks with Chinese president Xi Jinping, and commerce secretary Wilbur Ross then confirmed li...

by · Economy
Crude Oil prices are expected to trade lower today: Angel Commodities

Crude Oil prices are expected to trade lower today: Angel Commodities

Gulf of Mexico crude output by 73%, or 1.38 million barrels per day. Only one refinery shut down on a precautionary basis, while others continued to run. China's crude imports fell in June for a seco...

by · Economy
Amazon workers strike as ‘Prime’ shopping frenzy hits

Amazon workers strike as ‘Prime’ shopping frenzy hits

The DualShock 4 Wireless PS4 controller is up for sale on Prime Day at Amazon . But as you browse through the hundreds of deals promised across the site, there's actually a way you can get £1...

by · Economy
Facebook called 'delusional' over Libra plan as Senators dig in

Facebook called 'delusional' over Libra plan as Senators dig in

The meat and veggies of the deal says: "A large platform utility may not establish, maintain, or operate a digital asset that is meant to be widely used as medium of exchange, unit of account, store o...

by · Economy
Irish finance minister says no-deal Brexit more likely

Irish finance minister says no-deal Brexit more likely

Ireland's Minister for Finance Paschal Donohoe speaks during an interview with Reuters at the Ministry of Finance in Dublin, Ireland, February 5, 2018. In June, the Taoiseach (Irish prime minister), L...

by · Economy
Disneyland Pay Brings Complaint-From a Disney

Disneyland Pay Brings Complaint-From a Disney

Ms Disney told a recent episode of the podcast " Through her Eyes " that said every person she spoke during the visit said that low wages were making life hard. "I would want to be known as the guy wh...

by · Economy
Despite Earnings Beat, Are There Growth Concerns at Goldman Sachs?

Despite Earnings Beat, Are There Growth Concerns at Goldman Sachs?

Goldman is aiming to generate $5 billion in new revenue by 2020. Both revenue and earnings per share beat Wall Street estimates . Goldman also said it benefited from higher revenues in client ex...

by · Economy
UAE- Tesla cuts price of Model 3, lifts prices of premium EVs

UAE- Tesla cuts price of Model 3, lifts prices of premium EVs

Additionally, Tesla dropped the starting price of the Model 3 to $38,990. "The starting price for the Model 3 will be $30,315, down from $32,225, that for the Model X will rise to $75,315 from...

by · Economy
First wave of air passenger rights takes effect Monday

First wave of air passenger rights takes effect Monday

Transport Minister Marc Garneau said he was "surprised" and "disappointed" by Canadian airlines' move to quash new rules that beef up compensation for passengers subjected to delayed flights and damag...

by · Economy
Trump lashes out Bitcoin, Facebook's Libra, argues they should face banking regulations

Trump lashes out Bitcoin, Facebook's Libra, argues they should face banking regulations

He said the reason he does not like them is because they are very volatile and can decrease in value very quickly. Bitcoin is a "speculative store of value" that has failed to catch on, Powell sai...

by · Economy