Money

Money Twitter shares plunge as monthly active users decline
Author: 0 Twitter shares plunge as monthly active users decline

But just like Facebook , Twitter said it's hitting a limit on how many people it can attract to its service , raising hairy questions about what these services can become. Twitter said the decline in the third quarter would be in the mid-single-digit millions, suggesting a sequential decline to around 330 million users.

Money Trump offers help to farmers hit by escalating China trade war
Author: 0 Trump offers help to farmers hit by escalating China trade war

The USDA-led programs, Perdue said, would include direct payments to farmers, government purchase of crops to be distributed to food banks and attempts to build new export markets to replace those imposing retaliatory tariffs. "We are starting the negotiation right now, but we know where it is going". But the unusual result, which economists say could be the strongest in four years, is partly thanks to Trump's trade wars, and those same disputes threaten to drag growth lower in the coming ...

Money WRAPUP 4-Europe gives U.S.-EU trade reprieve a measured welcome
Author: 0 WRAPUP 4-Europe gives U.S.-EU trade reprieve a measured welcome

President Donald Trump this week. The sides will also work to resolve US tariffs on steel and aluminum which are hitting the European markets hard. Juncker also expressed optimism, announcing that the European Union would build more LNG import terminals to handle purchases of US LNG. The joint statement said Brussels and Washington would "work to reduce barriers and increase trade" in a range of products including soybeans, and that the European Union "wants to import more liquefied ...

Money China says there will be 'no winner' in global trade war
Author: 0 China says there will be 'no winner' in global trade war

BRICS countries are concerned after US President Donald Trump's administration increased tariffs on the import of worldwide goods. "We recognize that the multilateral trading system is facing unprecedented challenges". "South Africa, and Africa more broadly, can benefit from increasing exports to fast growing countries like India and China". He was also in South Africa for a summit of the BRICS emerging economies.

Money Prices Supported after Saudi Arabia Suspends Shipments through Red Sea Lane
Author: 0 Prices Supported after Saudi Arabia Suspends Shipments through Red Sea Lane

Two very large crude carriers, which can each carry 2 million barrels of oil, operated by the Saudi National Shipping Company "were attacked by terrorist Houthi militia this morning in the Red Sea". "In the interest of the safety of ships and their crews and to avoid the risk of oil spill, Saudi Aramco has temporarily halted all oil shipments through Bab El-Mandeb with immediate effect".

Money US Christian pastor leaves Turkish prison after court ruling
Author: 0 US Christian pastor leaves Turkish prison after court ruling

Indeed, Trump's words clearly suggest that placing Brunson under house arrest fell far short of appeasing the administration. It said Brunson's defence had been completed and evidence for the case was nearly all collected. There are also lingering issues over a Turkish state-run bank that was allegedly involved in busting sanctions on Iran, which hangs in the background as Trump looks to impose a fresh sanctions regime on Iran.

Money Check your tickets: Mega Millions jackpot winning numbers are in
Author: 0 Check your tickets: Mega Millions jackpot winning numbers are in

The $522 million prize is the 11th largest in US history for Mega Millions and the game of its older sister, Powerball. Store owner Kawal Sachdev told KPIX he was taking a nap when one of his employees called and congratulated him. A half dozen other players - including one in MI - matched five white balls to win $1 million each. More than a million people won a smaller prize Friday night, payouts which occurs if an individual matches a few numbers but not all.

Money Facebook just lost more than $100 billion off its value
Author: 0 Facebook just lost more than $100 billion off its value

The firm said it had 2.23 billion monthly active users at the end of June, up 11% on June 2017, the slowest growth in more than two years. Adding fuel to the fire, Facebook expects total revenue growth to decelerate in the second half of 2018, and revenue growth rates to decline by high single-digit percentages from prior quarters sequentially in both Q3 and Q4.

Money #BRICS: SA signs $14 billion trade agreements with China
Author: 0 #BRICS: SA signs $14 billion trade agreements with China

Last week, Trump said he was ready to impose tariffs on all $500 billion of imported goods from China. "Access to the global economy through trade has underpinned China's economic success over the past two and a half decades". Analysts say its members have struggled to find a unified voice , but their common opposition to United States trade policy could help to galvanise them.

Money No Big Weekend Winners, Lottery Jackpots Grow
Author: 0 No Big Weekend Winners, Lottery Jackpots Grow

It now stands at $522 million with a cash option of $308.1 million. The last winning jackpot wasn't that long ago - in May - with a $142 million ticket sold in Ohio. The odds of winning the grand prize at the drawing tonight is 1 in 302 million. In fact, people from other states and from other countries can claim lottery prizes in North Carolina as long as they have proper identification.

Money DID YOU WIN? Mega Millions Jackpot numbers drawn
Author: 0 DID YOU WIN? Mega Millions Jackpot numbers drawn

Friday's Mega Millions drawing takes place at 11:00 p.m. The odds are 1 in 293 million for the jackpot. In all, three Mega Millions jackpots have been awarded in 2018. The largest was a $91.8 million cash-value prize claimed by a Virginia man in 2015. The cash option for the drawing would be $260 million, according to Mega Millions officials.

Money Alphabet shrugs off European Union fine to bring in $3.2 billion Q2 profits
Author: 0 Alphabet shrugs off European Union fine to bring in $3.2 billion Q2 profits

Operating margin rose to 24 percent from 22 percent last quarter, excluding the $ 5 billion antitrust fine issued last week by the European Commission over Google's anticompetitive licensing of Android software. "I'm confident that we can find a way to make sure that Android is available at scale to users everywhere". It may be a simple case of having too many other projects now under development to start making decisions that may not be well received by users.

Money USA announces billions to help farmers hurt by Trump tariffs
Author: 0 USA announces billions to help farmers hurt by Trump tariffs

Trump has floated the idea in the past, but he tweeted Tuesday night that he doubts the Europeans will go for the idea. "While we appreciate the move to provide stopgap assistance, this plan is a short-term fix to a long-term problem", said National Farmers Union President Roger Johnson, who said it's estimated that farmers lost more than $13 billion alone last month due to trade disruptions.

Money President Trump unveils $12 billion plan to help farmers
Author: 0 President Trump unveils $12 billion plan to help farmers

And on Tuesday, the administration chose to act, pledging $12 billion in aid to farmers impacted by the trade wars. Republican Senator Ben Sasse, a frequent Trump critic, said the president's trade policies recalled a past of perilous economic instability.

Money Trump's Tweets Aren't Expected to Hold Down the Dollar
Author: 0 Trump's Tweets Aren't Expected to Hold Down the Dollar

Trump considers imposing additional tariffs on imported goods coming from China. Its rate hikes are meant to prevent the economy from overheating and igniting high inflation. Beijing said it does not intend to devalue the yuan to help exports. "The Fed will keep tightening and the worsening deficits will keep Treasury supply increasing", which will keep USA yields attractive to global investors, supporting the greenback.

Money Alphabet trounces profit estimates on ad sales surge
Author: 0 Alphabet trounces profit estimates on ad sales surge

Shares rocketed more than 4pc in after-hours trade, as the market welcomed the strong results, in what could be a sign investors tempered. Earnings, adjusted for non-recurring costs, came to $11.75 per share. Google's dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software and other regulatory actions.

Money Tesla Asks Suppliers for Cash to Stay Afloat
Author: 0 Tesla Asks Suppliers for Cash to Stay Afloat

Shares in the electric auto maker had plunged around 6.6pc on Monday, as the market digested the report which had been taken as a worrying reflection of the company's finances. When a company asks suppliers to retroactively give money back, it's a sign that something has gone wrong. "It sounds like something that happens when you're struggling", he said .

Money Trump now says no 'time limit' to denuclearize North Korea
Author: 0 Trump now says no 'time limit' to denuclearize North Korea

The roster of North Korean ambassadors attending this year's meeting is yet unknown. The United States is expecting North Korea to return the first group of possible U.S. The tweet came in a series of early morning messages from the president as he defended his inflammatory news conference with Russian President Vladimir Putin in Helsinki, Finland, earlier in the week.

Money Treasury Secretary: Trump not threatening Fed's independence
Author: 0 Treasury Secretary: Trump not threatening Fed's independence

In 1972, President Richard Nixon pressured then-Fed Chairman Arthur Burns to keep rates low, despite signs that the economy was overheating, in order to help his re-election campaign. In the CNBC interview , Trump also said he was "not happy" the Fed planned to continue raising benchmark lending rates. "He's not putting any pressure on them", the aide said, adding that the president realizes that Powell and several others are his appointees.

Money GST Council Meet: Sanitary napkins exempted from tax
Author: 0 GST Council Meet: Sanitary napkins exempted from tax

Several folks online have warned us all that we shouldn't rejoice because while tax might be zero, prices of sanitary napkins could actually increase to compensate for the lack of input credit tax. The changes that were announced today will be implemented from July 27. This, a report by Hindustan Times , said was in addition to the composition scheme, which allows small tax payers with sales of upto Rs 1 crore in most of the states, to pay taxes and file returns on a quarterly basis.

Money Record US output takes its toll on oil prices
Author: 0 Record US output takes its toll on oil prices

In the wake of these warnings the Japanese banks then notified that they would stop settling transactions related to Iranian Oil. Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma , March 24, 2016.

Money The four rebel Labour MPs who rescued Theresa May's government
Author: 0 The four rebel Labour MPs who rescued Theresa May's government

This latest Commons vote on Brexit followed chaos in Westminster on Monday when May was forced to ditch her own Brexit policy in order to avoid a defeat at the hands of pro-Leave MPs led by the backbencher Jacob Rees-Mogg. The prime minister's office defended the government's decision, saying that it was still consistent with the previous government policy. But Peter Bone, another signatory to the amendments, said the whole situation was a "shambles" and called for the Chequers plan to ...

Money Microsoft thanks the cloud for a far brighter outlook
Author: 0 Microsoft thanks the cloud for a far brighter outlook

Net income, meanwhile, was up 10 percent to $8 billion. Microsoft's More Personal Computing business continues to be the main driver for revenues, earning $10.8 billion and up 17% year-over-year. Microsoft's earnings once again grew on the strength of its cloud services. Microsoft's Enterprise Mobility suite now has 82 million seats, up 55 percent year on year.

Money Amazon sells more than 100 million products on Prime Day event
Author: 0 Amazon sells more than 100 million products on Prime Day event

Some Amazon customers were frustrated by crashes during the site's Prime Day sales event, according to posts on Twitter from across the United States. Its annual flash sale give shoppers the chance to snap up bargains on millions of products across fashion, electrical, grooming and technology. She also said some of the products Amazon's site was pushing were a little odd, like urinal splash guards in the health section.

Author: 0 Trump rips Fed again for hiking interest rates

Tightening now hurts all that we have done. The US dollar fell against major currencies on Mr Trump's threat to impose more import tariffs and his repetition of complaints about rising interest rates and the strength of the US dollar. Powell added that "no one in the administration has said anything to me that really gives me concern on this front". But at the same time I'm letting them do what they feel is best , ' Trump said.

Money Will EU penalty make a difference in Google's smartphone dominance?
Author: 0 Will EU penalty make a difference in Google's smartphone dominance?

Competition commissioner Margrethe Vestager said this showed how "Google used Android as a vehicle to cement the dominance of its search engine". "This harmed competition by significantly reducing their incentives to pre-install competing search apps". The European Commission says the large fine is appropriate because of the "duration and gravity" of the antitrust violations.

Money British cave diver mulls legal action over Musk's attack
Author: 0 British cave diver mulls legal action over Musk's attack

Three days after the rescue operation was complete, CNN posted an interview with a British spelunker who had helped locate the boys, Vernon Unsworth , who called Musk's submarine a " PR stunt ". "I can't put words to what I feel about the guy but it's not finished", he said. He has nearly half as many as U.S. President Donald Trump, who likewise attacks his critics with relish on Twitter.

Money Netflix plunges as subscriber growth disappoints
Author: 0 Netflix plunges as subscriber growth disappoints

Earnings per share came in at 85 cents, beating the 79 cents predicted by analysts surveyed by Thomson Reuters I/B/E/S. With all this, the stock is tanking. "Should Hulu begin to compete effectively for Warner, Fox, Universal, and Disney content, we expect exclusive deals to sharply reduce the amount of content purchased by Netflix , limiting Netflix's ability to raise price [s]".

Money T2 gets a sneak peek of Amazon Prime Day
Author: 0 T2 gets a sneak peek of Amazon Prime Day

Once you've signed up for Amazon Prime, you'll get $10 on your first purchase of $20 or more when you download and sign into the Amazon app from your mobile device for the first time. All Vodafone RED postpaid plans that are priced at Rs. 399 and above offer a 1-year Amazon Prime membership for free. Calvin Klein clothes for men and women are up to 76% off with the Deal of the Day at Amazon! Amazon Prime Day Sale: How to get a Prime Membership? It will get hard to keep ...

Money How to get Amazon Prime for free for Prime Day
Author: 0 How to get Amazon Prime for free for Prime Day

If you see them on sale, it's smart to buy early, as cooking gear tends to be one of the most popular categories on Prime Day (and items sell out quickly). During Amazon Prime Day itself, not all of the products included in the sale will be discounted at the same time and not all will be for the duration of the event.

Money Lines for Build-A-Bear promotion out the door
Author: 0 Lines for Build-A-Bear promotion out the door

In the U.S., parents reported having to wait up to five hours in lines, with some eventually missing out when a number of stores were forced to close. Build-A-Bear workers said they weren't shutting the event down in Kennewick. We understand our affected Guests may be disappointed, and we are working to address the situation.

Money Trump says 'up to the people' whether to back Prime Minister May
Author: 0 Trump says 'up to the people' whether to back Prime Minister May

And that is fine, she should negotiate the best way she knows how. The Sun said its interview with Trump was conducted in Brussels before he left for the British leg of his trip. People inflate a helium filled Donald Trump blimp, which they hope to deploy during the President's visit, in London , June 26, 2018. "I think he is a great representative for your country", he said.

Money U.S. to impose tariffs on $200 billion Chinese imports
Author: 0 U.S. to impose tariffs on $200 billion Chinese imports

The United States remains willing to engage in negotiations with China on the issues at hand, he added. "There is still a good six or seven weeks before these (tariffs) take effect so it is not like we are going to see these tomorrow, but it is definitely the next step in a trade war ", TD Securities global strategist James Rossiter said .

Money USA to move forward on US$200b China tariff list
Author: 0 USA to move forward on US$200b China tariff list

The additional US tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week. Members of Congress are increasingly questioning Trump's aggressive trade policies, warning that tariffs on imports raise prices for consumers and expose U.S.

Money Where the Trade Battle Hurts the Most
Author: 0 Where the Trade Battle Hurts the Most

This figure is nearly the total sum the US imported from China in 2017. Commerce Secretary Wilbur Ross this week criticized warnings that the tariffs could stifle global economic growth as "premature and probably quite inaccurate". "Trade war is never a solution ", Li said at a news briefing with Bulgarian Prime Minister Boyko Borissov in Sofia. Tokyo closed 1.1% higher, but Hong Kong fell 0.5% in late trading.

Money Oil prices edge up as US supply tightens, Iran sanctions loom
Author: 0 Oil prices edge up as US supply tightens, Iran sanctions loom

If anything, they are driving prices higher as the United States defends many of their members for very little $'s. Speaking to the Wall Street Journal, Michael Cohen , Head of Energy Commodities Research at Barclays, said the market was now "caught between two forces".

Money Elon Musk sends help to Thailand cave rescue
Author: 0 Elon Musk sends help to Thailand cave rescue

They will undergo a thorough medical examination to decide whether they are fit enough for the risky escape from the cave in in Chiang Rai , northern Thailand , which is being pumped with oxygen. Representatives for Elon Musk are in talks with Thai authorities about aiding in the rescue of a boys' soccer team stuck in a cave. That's the name of the young boys' team.

Money Lower oil prices or we will not ‘defend’ you
Author: 0 Lower oil prices or we will not ‘defend’ you

General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. President Donald Trump has again lashed out at an global body - this time, it's the Organization of the Petroleum Exporting Countries ( OPEC ), which he accused Wednesday afternoon of driving up gas prices.

Money China warns United States
Author: 0 China warns United States "opening fire" on world with tariff threats

Speaking at a weekly news conference, Commerce Ministry spokesman Gao Feng warned the proposed USA tariffs would hit global supply chains, including foreign companies in the world's second-largest economy. Fears over the impact of the trade clash have rattled markets around the world, with China's stocks and currency coming under particular pressure in recent weeks.

Money Trump Talks with Mexico’s President-Elect on Border, NAFTA
Author: 0 Trump Talks with Mexico’s President-Elect on Border, NAFTA

That is what we always want to maintain with the USA government, that there be mutual respect. "I told him a number of years ago when I saw him campaigning for a different race, frankly, a different year, a different race, I said he'll be someday he's going to be the President of Mexico ".

Author: 0 Trump blasts OPEC, warns European companies against business with Iran

At the same time, the official said, the United States would work with countries that import Iranian crude on a "case by case" basis, signaling that the Trump administration might not immediately impose sanctions on those that continue importing from Iran beyond a November 4 deadline.

Money Walmart's impeach Trump clothing draws social media outrage
Author: 0 Walmart's impeach Trump clothing draws social media outrage

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. Items both for and against President Barack Obama and former Secretary of State Hillary Clinton are also for sale. The company issued a similar statement when it came under fire past year for selling a shirt with the words "Rope".

Money Amazon Prime Day 2018 Kicks Off July 16, Deals Already Happening
Author: 0 Amazon Prime Day 2018 Kicks Off July 16, Deals Already Happening

Prime members will see deals taking place at Whole Foods and events taking place in major USA cities. Amazon Prime Day sees the company heavily discount items across the amazon.com.au store front, offering discounts on books, electronics, DVDs, video games, smart home, cookware and kitchen appliances, toys, fashion, and everyday essential items.

Author: 0 EU warns U.S. of boomerang effect if Trump imposes car levies

The EU, which described the move as "pure protectionism", introduced duties on USA products in return, as did Mexico, Canada, Turkey and India. Canada is the United States' second-biggest trading partner in goods, just behind China . The EU has warned Washington that a threat to slap Europe with major auto tariffs could inflict serious damage to the U.S. economy and would prompt strong retaliation .

Money USA wants to reduce Iran's oil revenue to zero
Author: 0 USA wants to reduce Iran's oil revenue to zero

Rouhan, now on a visit to Europe to discuss the future of the nuclear deal, warned that any threat to Iran's crude oil exports would threaten the rest of the Mideast. US President Donald Trump said Saturday that Saudi Arabia had agreed to increase oil production by up to 2 million bpd to moderate high prices. At the same time, the official said, the United States would work with countries that import Iranian crude on a "case by case" basis, signaling that the Trump administration might not ...

Money Tesla hits 5,000-unit weekly production for Model 3
Author: 0 Tesla hits 5,000-unit weekly production for Model 3

Musk says that the standard AWD Model 3 will cost $5000 more than the single-motored auto, and will get to 60mph from a standstill in just 4.5 seconds. Despite working overtime, during now-mandatory weekend shifts, workers told Reuters they were pulled from other departments, disrupting production of the Model S and X lines.