Economy

China exports recover despite trade war

China exports recover despite trade war

A truce was reached in July in the year-long trade war but was shattered last Friday when Trump vowed to slap a 10% tariff on $300bn of Chinese imports from 1 September. Trade has weakened since T...

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What's Cooking Between US-SEC Versus Kik

What's Cooking Between US-SEC Versus Kik

Court for the Southern District of NY to decide on a timeline for going to trial. Earlier in May this year, the messaging app announced a defend campaign against the SEC. Should Kik be recognize...

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Revenue rise for Rolls-Royce

Revenue rise for Rolls-Royce

Rolls' turnaround has been hampered by problems with its Trent 1000 engines, which has caused airlines to ground Boeing 787s while repairs are carried out. Tognum then became Rolls-Royce Power Systems...

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Sirius Minerals (LON:SXX) Receives House Stock Rating from Shore Capital

Sirius Minerals (LON:SXX) Receives House Stock Rating from Shore Capital

The 52 week high for the stock is 39.85 GBX while the year low share price is now 8.5 GBX. Sirius Minerals Plc , a fertilizer development company, engages in the evaluation and exploration of resou...

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Lyft's scooters steering new customers to ride-hailing, but winter is coming

Lyft's scooters steering new customers to ride-hailing, but winter is coming

A loss of $2.23 per share in the quarter was worse than the $1.74 per-share loss expected, on average, by analysts, according to IBES data from Refinitiv. Lyft has been investing to grow its share of ...

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The Guardian view on a Brexit deal: stop posturing and try talking

The Guardian view on a Brexit deal: stop posturing and try talking

Raab said he "looked forward to working with our American friends to reach a free trade deal". While the bloc is still hopeful of securing a deal, their reaction to Downing Street suggests that th...

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Former NYSE Chief Warns of

Former NYSE Chief Warns of "False and Misleading Claims" From Tesla

NHTSA issued a similar statement in 2013, when Tesla said that its Model S achieved a vehicle safety score equated to 5.4 stars. "It is ... inaccurate to claim that the Model 3 has 'the lowest pro...

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Domino's Stockpiles Tomato Sauce For No-Deal Brexit

Domino's Stockpiles Tomato Sauce For No-Deal Brexit

The company said the probability of shortages of ingredients since its update in March had increased. While Domino's gets flour and cheese from within the United Kingdom, its tomato sauce comes from...

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Oil prices drop as US-China trade dispute stokes demand worries

Oil prices drop as US-China trade dispute stokes demand worries

West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.37 per cent, from their last close to $53.43 per barrel. "The first build to oil inventories in eight weeks puts further downward p...

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New Zealand cuts benchmark interest rate to lowest-ever 1%

New Zealand cuts benchmark interest rate to lowest-ever 1%

The cut came just a day after Statistics New Zealand announced the country's unemployment rate had fallen to an 11-year low of 3.9% while wages had risen by the most in a single quarter since 2008. Th...

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Trump administration to ban government from doing business with Huawei

Trump administration to ban government from doing business with Huawei

The Chinese company said it would continue to challenge the ban in court and called it a "trade barrier based on country-of-origin, invoking punitive action without any evidence of wrongdoing". Ho...

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Jeff Bezos sells $US2.8b of Amazon stock

Jeff Bezos sells $US2.8b of Amazon stock

Twenty-one members of the Bloomberg Billionaires Index lost $1 billion or more each as investors responded to increasing tensions between China and the U.S. Blue Origins will work to cut the costs of ...

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United States stocks sink as bond market stokes recessionary fears

United States stocks sink as bond market stokes recessionary fears

Bond prices soared, sending yields sharply lower, as investors sought safety. The energy sector shed 1.65% as oil prices slid more than 3% on demand concerns. The Nasdaq fell 309 points, or 3.9%, to...

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Bitcoin Price Sees Steep Drop After Rejection Above $12K

Bitcoin Price Sees Steep Drop After Rejection Above $12K

On the 2 hour chart for XBT/USD, we can see the ascending channel formed as a result of the recent breakout taking price levels up to a key resistance level at $12,400. Although China denies that ...

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Springfield News-Leader Parent Company Gannett Acquired by GateHouse Media

Springfield News-Leader Parent Company Gannett Acquired by GateHouse Media

Shares of Gannett were trading up 3.3% at $11.11, while those of New Media Investment Group were trading down 5.7% at $10.06 in afternoon trading. GateHouse Media is based in Pittsford, southeast of R...

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Even meatballs are going meat-free at Subway

Even meatballs are going meat-free at Subway

Subway, with its more than 28,000 locations in North America, would represent Beyond Meat's biggest restaurant customer yet as the maker of meat substitute expands its distribution. Beyond Meat has ...

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FedEx stops making ground deliveries for Amazon

FedEx stops making ground deliveries for Amazon

Back in June, the deliver service announced that it would end its express US shipping contract with Amazon, which only affected air services. Amazon executives publicly said the online retailer woul...

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RBNZ shocks market with 50 basis point interest rate cut

RBNZ shocks market with 50 basis point interest rate cut

The measure spiked to 15.62% which is the fourth highest reading of the year and more than double its average over the last 12 months. The Aussie and kiwi dollars skidded to multi-year lows on Wedne...

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RBI Cuts Repo Rate by 35 bps To Help Boost Economic Growth

RBI Cuts Repo Rate by 35 bps To Help Boost Economic Growth

The reverse repo rate was reduced to 5.15%. When the cost of borrowing goes down for banks, they are able to lower their respective marginal cost of funds based lending rate (MCLR), which directly imp...

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Disney sets $12.99 price for streaming bundle

Disney sets $12.99 price for streaming bundle

At the theme parks unit, overall operating income rose 4% to $1.7 billion but declined at Disney's USA parks. However, the company recently suffered a massive hit with its stock price, thanks to low...

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Gold prices surge over ₹1,000 in a day, hit record highs

Gold prices surge over ₹1,000 in a day, hit record highs

The spot gold price rose 1.75% to 1,500.2900, its highest level since 2013, taking the metal's gains this year to 17%. Central banks in India and New Zealand both surprised markets on Wednesday with...

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United Kingdom trade delegation eyes post-Brexit deal with Trump

United Kingdom trade delegation eyes post-Brexit deal with Trump

Brexit supporters say there may be short-term disruption from a no-deal exit but that the UK will thrive if cut free from what they cast as a doomed experiment in integration that has led to Europe...

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Over half of the top 1% of taxpayers live in London

Over half of the top 1% of taxpayers live in London

Robert Joyce, deputy director at the IFS, said: 'The highest-income people are very over-represented in the country's south-east corner, a lot of them are men, and many are in their 40s and 50s. The I...

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To take on Amazon, Flipkart will offer free video streaming

To take on Amazon, Flipkart will offer free video streaming

It is believed Flipkart is going to take this step to challenge the rival company Amazon . "What we are rolling out when it comes to addressing the needs of the next 200 million users in our countr...

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GTA housing sales up 24.3%, tight supply pushes prices up

With new listings slow to come onto the market, prices rose in July as demand outpaced supply. According to TREB, the average selling price of a property in the GTA last month was over $800,000 whic...

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Litecoin [LTC] Creator Reports Successful Halving, Price Breaks $100

Litecoin [LTC] Creator Reports Successful Halving, Price Breaks $100

The reward miners will get for verifying and adding Litecoin transactions to its blockchain has been halved from 25 LTC to 12.5 LTC. As of press time, Litecoin is valued at $100.06, which is a 7...

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Federal Reserve announces real-time payments system

Federal Reserve announces real-time payments system

St. Louis Federal Reserve President James Bullard said during a speech on Tuesday that it is too soon to tell whether a second interest rate cut is warranted, the US central bank must first wait and s...

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Chinese yuan rises as currency market stabilizes; US dollar climbs

Chinese yuan rises as currency market stabilizes; US dollar climbs

The Dow Jones Industrial Average fell 767 points, or 2.9%. It was especially noteworthy given the context: The move came a few days after Trump made the surprise threat to slap a 10% tariff on an addi...

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US Stocks Plunge on China's Trade-War Escalation

US Stocks Plunge on China's Trade-War Escalation

Hong Kong's Hang Seng shed 0.7% to 25,976.24 and Seoul's Kospi was off 1.5% at 1,917.50. China's move to fix the yuan at a slightly stronger rate and White House economic adviser Larry Kudlow's comm...

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Stock Sell-Off to Hit Asia as Trade War Escalates: Markets Wrap

Stock Sell-Off to Hit Asia as Trade War Escalates: Markets Wrap

Investors are starting to grasp the potential for a protracted conflict between the two nations, with a Treasury-market recession indicator hitting the highest alert since 2007. Earnings from financia...

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Fed to develop own real-time payments system

The central bank is requesting comment on the design of the service, which is meant to be a platform on which the private sector can build. "Everyone deserves the same ability to make and receive pa...

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USA accusations against China regarding purchase of agricultural products 'groundless'

USA accusations against China regarding purchase of agricultural products 'groundless'

The move by China represent the latest escalation in its trade row with the United States that has unnerved global markets and investors. China has actively displayed sincerity in cooperation and ma...

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Kevin McCarthy Expresses Concern About ‘Dehumanizing’ Violent Video Games After Shootings

Kevin McCarthy Expresses Concern About ‘Dehumanizing’ Violent Video Games After Shootings

I'm exhausted because they're not even events now, they feel like commonplace. "When you look at these photos of how it took place, you can see the actions within videogames". The players of games and...

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Rupert Murdoch's FOX Corp enters fintech market

Rupert Murdoch's FOX Corp enters fintech market

Credible is described as a company that "delivers a differentiated and personalized experience that enables consumers to compare instant, accurate pre-qualified rates from multiple financial instituti...

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Krispy Kreme releases 'Reese's Peanut Butter filled doughnuts'

Krispy Kreme releases 'Reese's Peanut Butter filled doughnuts'

Krispy Kreme fans will also remember the limited-time-only cake batter-stuffed donuts the chain released in honor of their 82nd birthday in July, stuffing their original glazed donuts with birthday ...

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