Money

Money Turkey to Boycott US Goods, Erdogan 'Ready for War'
Author: 0 Turkey to Boycott US Goods, Erdogan 'Ready for War'

Explaining the new tariffs, Turkish Vice-President Fuat Oktay said the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the U.S. The Turkish lira plummeted to a record low on Monday, losing almost 40 percent of its value since the start of 2018. The Turkish ambassador added that Turkey needed to "keep this fire alive" by keeping high-level political ties and strengthening investments and trade.

Money Turkish president says the country will boycott United States electronics
Author: 0 Turkish president says the country will boycott United States electronics

The announcement comes after Turkish Finance Minister Berat Albayrak assured global investors on Thursday that the country's banks were healthy and that Turkey would emerge "stronger" from its currency crisis. Now, he said, the alliance between the two is "very vulnerable" because they have conflicting interests as well as different priorities, including in the Syrian war and over relations with Russian Federation.

Money Oil rises as China, US set for trade talks
Author: 0 Oil rises as China, US set for trade talks

Trade Representative Robert Lighthizer has been meeting with Mexican officials as the US works to renegotiate NAFTA. This month's meeting would be the first between senior US and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vice Premier Liu He ended with no settlement.

Money Turkey announces sharp tariffs on U.S. goods
Author: 0 Turkey announces sharp tariffs on U.S. goods

The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investors in the country, including Qatar, could be hit in the fallout. will take all necessary steps". Qatari Ambassador to Turkey Salem bin Mubarak Al Shafi said his country would continue supporting Turkey following recently-imposed US sanctions on the country.

Money Inflation rate drops to 11.14% in July-NBS
Author: 0 Inflation rate drops to 11.14% in July-NBS

Inflation rose last month, largely due to higher transport costs, new official figures show. "Despite the truckers' strike, food inflation eased considerably in July 2018, benefiting from the base effect", she said. Shaun Church, director at mortgage broker Private Finance said: 'A slight correction in house prices is no bad thing for the United Kingdom property market.

Money Turkey retaliates against Trump tariffs, hiking fees on U.S
Author: 0 Turkey retaliates against Trump tariffs, hiking fees on U.S

The dispute between Turkey and the U.S. was sparked by a row over the detention of American pastor Andrew Brunson , who was jailed almost two years ago in the crackdown that followed a failed military coup. "(President Erdogan) is not acting like much of an ally, and he hasn't acted like much of an ally for some period of time", Ambassador-at-Large for International Religious Freedom Sam Brownback said.

Money Oil dips on rising US crude inventories
Author: 0 Oil dips on rising US crude inventories

Futures fell as much as 2.5percent in NY yesterday as the dollar rose, diminishing the buying power of developing economies. At the time of writing, the barrel of WTI is down -1.30% at $ 66.20, looking vulnerable below a break of the $ 66 support, as rising USA crude stockpiles dent the sentiment.

Money Shares rebound as Turkish lira pulls out of dive
Author: 0 Shares rebound as Turkish lira pulls out of dive

The Middle East's largest economy has been targeted by the USA just like other nations around the world, including Canada, Erdogan said. "If (the United States) have the iPhone, there's Samsung on the other side", he said, referring to U.S.

Money Tesla board forms independent group to explore going private
Author: 0 Tesla board forms independent group to explore going private

Private equity firm Silver Lake is also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with no compensation, Reuters reported on Monday. Silver Lake contributed $1 billion for the 2013 Dell transaction. These comments sparked suspicion that Musk could be manipulating the stock price of Tesla, unless he was stating facts, and this suspicion in turn prompted the revelation.

Money Authorities say firefighter killed battling Northern California
Author: 0 Authorities say firefighter killed battling Northern California

The fire moved north towards that area overnight, burning near homes and the dam, and crews are now on the ground working on structure defense. "Sorry if we weren't supposed to", read the note from Cal Fire. Good luck", wrote members of the Corning Police Department. "Fed your fish on 8-1-2018 at 10:33 am..." The firefighters normally work in the Los Padres National Forest.

Money Rupee hits lifetime low of 70 per dollar
Author: 0 Rupee hits lifetime low of 70 per dollar

The weakness of the Turkish lira has strained market currencies in Asia. Investors are turning to dollar as safe haven with Turkey's currency lira crisis continuing since the last week. Lira is the national currency of Turkey, and a crisis has spooked investors, economists and policy makers, leaving them on a shaky ground. At press time, USD/INR is trading at 69.52.

Money Turkey takes action in bid to curb currency crisis
Author: 0 Turkey takes action in bid to curb currency crisis

Amid a row with Washington over an American pastor being detained by Turkish authorities, the USA has sanctioned two Turkish officials, with Erdogan blaming " economic terrorists " for the market sell-off. He believes the market was "fundamentally in a different position" today because many emerging market central banks retained the confidence of investors after hiking interest rates over the past year.

Money Monsanto Ordered to Pay $289 Million in California Roundup Cancer Trial
Author: 0 Monsanto Ordered to Pay $289 Million in California Roundup Cancer Trial

Johnson, diagnosed in 2014 with non-Hodgkin's lymphoma - a cancer that affects white blood cells - says he repeatedly used a professional form of Roundup while working at a school in Benicia, California. "I'm glad to be here to help with the situation after I learned about Roundup and glyphosate and everything", said Johnson after the verdict. In eight weeks of proceedings, they were left convinced that the product caused Mr Johnson's cancer.

Money Mismanagement hits Iran more than United States sanctions - Iran’s supreme leader
Author: 0 Mismanagement hits Iran more than United States sanctions - Iran’s supreme leader

Iranian officials already rejected the offer but it is the first time Khamenei has publicly commented. But Mr Khamenei ruled out the possibility of war with the USA, and accused the country of exaggerating the row between them. The rial has lost about half of its value since April in anticipation of the renewed United States sanctions, driven mainly by heavy demand for dollars among ordinary Iranians trying to protect their savings.

Money Smoke Billows After Horizon Air Plane Stolen From Seattle Airport Crashed
Author: 0 Smoke Billows After Horizon Air Plane Stolen From Seattle Airport Crashed

Those guys will rough me up if I try and land there", Russell responded. Fire crews were working on putting out the fire from the crash on Ketron Island in Puget Sound. "And really, one of the things that we emphasize, 'if you see something say something, ' also applies for insider threats". 'An airline employee conducted an unauthorized takeoff without passengers at Sea-Tac; aircraft has crashed in south Puget Sound.

Money Erdogan says USA turned its back on Turkey, upsetting Ankara
Author: 0 Erdogan says USA turned its back on Turkey, upsetting Ankara

Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for not releasing US pastor Andrew Brunson. Turkey's central bank said on August 13 that it would provide liquidity and cut reserve requirements for Turkish banks to stop the slide in its currency.

Money Tech stocks take Nasdaq closer to record
Author: 0 Tech stocks take Nasdaq closer to record

At 9:53 a.m. EDT the Dow Jones Industrial Average was down 38.77 points, or 0.15 percent, at 25,590.14, the S&P 500 was down 2.83 points, or 0.10 percent, at 2,855.62 and the Nasdaq Composite was down 7.72 points, or 0.10 percent, at 7,875.95.

Money Turkey's Erdogan Calls On Turks To Dump Dollars, Euros
Author: 0 Turkey's Erdogan Calls On Turks To Dump Dollars, Euros

The lira pared some of its losses to trade at 5.9646 against the dollar at 0745 GMT, down 5.5 percent, after slumping as much as 14.6 percent to hit an all-time low of 6.4915 in early trade, according to Reuters data. Erdogan also warned that Turkey could start looking for new allies if Washington damaged its relations with Ankara. He also condemned as "unacceptable, irrational and ultimately detrimental", the sanctions imposed by the USA on several Turkish cabinet members over the ...

Money Erdogan calls on Turks to buy lira 'in response to economic war'
Author: 0 Erdogan calls on Turks to buy lira 'in response to economic war'

He said he had authorized higher tariffs on imports from the United States' NATO ally, imposing duties of 20 percent on aluminum and 50 percent on steel . At the beginning of August, the U.S. Treasury Department sanctioned Turkey's ministers of Justice and Interior because of Brunson's detainment. The tumble in Turkey's currency on Friday signaled deepening pessimism about the country's economy after months of market declines.

Money Oil prices stable as tensions balance trade concerns
Author: 0 Oil prices stable as tensions balance trade concerns

Gasoline stocks rose by 2.9 million barrels, compared with analysts' expectations in a Reuters poll for a 1.7 million barrel drop. Many countries, including U.S. The expected paring of India's imports from Iran after this month and the increase in purchases from the United States also raise questions about the politics of oil .

Money Buck-a-beer? No dice, say Ottawa brewers
Author: 0 Buck-a-beer? No dice, say Ottawa brewers

If you're expecting a discount on your favourite craft brew from Premier Doug Ford's avowed buck-a-beer program, you could be crying in your suds. The minimum price of a bottle or can of beer is to be lowered to $1 from $1.25. "Buck-a-Beer" will not apply to draft beer sold in restaurants and bars or ciders, spirits and wine. "I just don't think this is something our membership would ever entertain", Mr.

Money China Pushes Back Against US Tariffs
Author: 0 China Pushes Back Against US Tariffs

President Donald Trump will keep pressing China for trade concessions, a top White House economic adviser said Friday, as the Asian nation continued the tariff escalation by announcing further retaliatory actions against us goods .

Money Barack Obama’s birthday marks 1st official Barack Obama Day
Author: 0 Barack Obama’s birthday marks 1st official Barack Obama Day

President", wrote one user. An Illinois state law signed previous year marks August 4 in honor of the 44th president. State lawmakers unanimously passed the law previous year to designate each August 4 as a commemorative holiday to celebrate the 44th president, whose political career began in IL.

Money Elon Musk’s tweets about taking Tesla private shake up its share prices
Author: 0 Elon Musk’s tweets about taking Tesla private shake up its share prices

Musk has also clashed repeatedly with critics, especially investors who have taken short positions on the stock, meaning they benefit when the price falls. The decision to go private would have to be approved by shareholders, but Musk believes taking Tesla private would be an "enormous opportunity for all of us".

Money NASCAR CEO Brian France arrested on DUI, possession of oxycodone
Author: 0 NASCAR CEO Brian France arrested on DUI, possession of oxycodone

France was operating said vehicle in an intoxicated condition". He was released on his own recognizance at 9:30 a.m. Monday morning after his arraignment in the Harbor Village Justice Court. TMZ first reported the arrest. NASCAR issued an earlier statement Monday, before it announced France's leave of absence. He told authorities the accident happened because he was drinking soda and "bumped into something".

Money Crude oil futures fall 0.78% on overseas cues
Author: 0 Crude oil futures fall 0.78% on overseas cues

Futures fell for the third day in NY, losing as much as 1.1 per cent to hit their lowest level since June 22, but USA government's data showed a surprise gain in nationwide stockpiles on Wednesday. Oil markets have been halting further declines recently after the energy commodity fell too far, too fast on pumped-up production from OPEC , and supply constraints both within the U.S.

Money Spanish pilots’ union sues Ryanair
Author: 0 Spanish pilots’ union sues Ryanair

Disagreements between the union and Ryanair over promotions and seniority have continued. More strikes are on the way as pilots in Ireland, Belgium and Sweden plan a walk-out, while German and Dutch cabin crew have also voted for a work stoppage.

Money Bank of England raises Bank Rate to 0.75%
Author: 0 Bank of England raises Bank Rate to 0.75%

In terms of inflation , RBI said, it is projected at 4.6 per cent in second quarter, and 4.8 per cent in the second half of 2018-19. Minutes of the Bank's rate meeting signalled there would also be further rises to come as policymakers look to bring inflation back to target, although they continued to stress that these would be "gradual" and "limited".

Money Adds 157,000 jobs in July; unemployment rate at 3.9%
Author: 0 Adds 157,000 jobs in July; unemployment rate at 3.9%

As The Washington Examiner noted, the number is just slightly below the previous record of 4.6 percent set in July. In its trade report, the Commerce Department said the USA deficit in goods and services rose 7.3% to $46.3 billion in June from $43.2 billion in May.

Money Protests continue in Iran for fifth day as U.S. sanctions loom
Author: 0 Protests continue in Iran for fifth day as U.S. sanctions loom

Preliminary tanker arrival data cited by Reuters on Thursday showed that the Asian country increased purchases of Iranian crude by about 30 percent to a record 768,000 barrels per day (bpd) as state refiners' intake surged ahead of U.S. from the multilateral deal with Iran in May and announced plans to reimpose sanctions on the Islamic Republic, that would eliminate Tehran's oil revenues.

Money Apple Becomes 1st American Public Company To Reach $1 Trillion Value
Author: 0 Apple Becomes 1st American Public Company To Reach $1 Trillion Value

Despite a decent earnings report, though, Amazon ended up a few millions short and stabilized near $900 billion for most of the past week. That would value Apple at $1.3 trillion. Apple Inc ( AAPL .O) Chief Executive Tim Cook said on Thursday that the iPhone maker's $1 trillion market capitalization was "not the most important measure" of the company's success but was instead a result of its focus on its products, customers and company values.

Money Apple is officially worth more than $1 trillion
Author: 0 Apple is officially worth more than $1 trillion

Apple has sold more than a billion iPhones. "If Apple trades at 20 times earnings that would be insane", he said, estimating that Apple shares could go as high as $220 by year-end. But that calculus changed under the administration of President Donald Trump, who pushed Congress to pass a sweeping overhaul of the USA tax code that includes a provision lowering this year's rate to 15.5 percent on profits coming back from overseas.

Money China Announces Retaliatory Tariffs On $60 Billion In U.S. Goods
Author: 0 China Announces Retaliatory Tariffs On $60 Billion In U.S. Goods

Due to the trade imbalance between the nations, China can not place tariffs on $200 billion worth of USA imports on top of an already announced $50 billion, because it does not import that many goods from the U.S. While a trade dispute is obviously not comparable to a shooting war, the current U.S. "Given the scope of the products covered, about half of all imports from China are facing tariffs, including consumer goods", Ennis said.

Money China threatens to slap import tax on $60 billion of USA imports
Author: 0 China threatens to slap import tax on $60 billion of USA imports

President Donald Trump and his administration have repeatedly called on China to stop unfair trading practices , stop technology and intellectual property theft, and for a decrease in the USA trade deficit with the China. The State Council outlined the plan just days after the U.S. said it was considering higher tariffs on $200bn of Chinese goods than initially planned.

Money Newshour, US hits Turkey with sanctions over jailed pastor
Author: 0 Newshour, US hits Turkey with sanctions over jailed pastor

Turkey has condemned a decision by the U.S. to impose sanctions on two of its senior ministers in response to the detention of an American pastor who is being tried by Ankara on espionage and terror-related charges. The Foreign Ministry strongly protested against the U.S. Treasury Department's decision, calling on the U.S. administration to reverse its "wrong decision".

Money Apple becomes first trillion-dollar United States company
Author: 0 Apple becomes first trillion-dollar United States company

Apple CEO Tim Cook called it a "significant milestone" in a letter to employees. Kawasaki dismissed critics who say Apple is mostly a smartphone company. One of five USA companies since the 1980s to take a turn as Wall Street's largest company by market capitalisation, Apple could lose its lead to the likes of Alphabet Inc or Amazon .com Inc if it does not find a major new product or service as demand for smartphones loses steam.

Money Tax-Free Weekend Approaching For Back-To-School Shoppers
Author: 0 Tax-Free Weekend Approaching For Back-To-School Shoppers

For example, if a retailer sells a computer during the sales tax holiday for $2,000 and also charges $55 to deliver the computer, then the entire charge of $2,055 is exempt from the sales or use tax. (7) Are adjustment charges for clothing sold during the "sales tax holiday " subject to the tax? Computers must be purchased for personal use and must cost $750 or less.

Money Indian interest rate hike unlikely to affect NRIs
Author: 0 Indian interest rate hike unlikely to affect NRIs

The pound extended losses on Thursday after the Bank of England raised interest rates from crisis era lows but was cautious about any further tightening with an uncertain Brexit on the horizon. A sustained rise in interest rates is bad for corporates. The BoE said Britain's economy, while growing more slowly than in the past ahead of Brexit, was operating at nearly its "speed limit", or full capacity, raising the prospect of more home-grown inflation pressure ahead.

Author: 0 Trump Administration Threatens Even Higher Tariffs On China

Last month, the USA proposed 10 percent tariffs on another $200 billion in Chinese products, a response to China's retaliation. The review of the higher tariff is a request from President Donald Trump , who wants China to change its trade practices.

Money Several Trader Joe's products due to possible parasite
Author: 0 Several Trader Joe's products due to possible parasite

The salads and wraps in question were produced by Indianapolis-based Caito Foods LLC between July 15 and 18, and labeled for consumption by dates between July 18 and 23. Cyclosporiasis is an intestinal illness caused by the microscopic parasite Cyclospora cayetanensis . The symptoms include diarrhea, stomach cramping, nausea, weight loss, and fatigue.

Money Elon Musk Takes on Short Sellers Ahead of Earnings
Author: 0 Elon Musk Takes on Short Sellers Ahead of Earnings

Tesla had to put some Model 3 production in a tent outside its Fremont facility, but it was necessary at the time to hit that all-important production goal of 5,000 Model 3s per week. "We believe that the majority of Tesla's production lines will be ready to produce at this rate by end of this year, but we will still have to increase capacity in certain places and we will need our suppliers to meet this as well".

Money Major Car Exporters Said To Plan Meeting Amid U.S. Tariff Threat
Author: 0 Major Car Exporters Said To Plan Meeting Amid U.S. Tariff Threat

A Republican member of the House Agriculture Subcommittee on Thursday slammed President Donald Trump's tariffs on China and United States allies, arguing that the $12 billion bailout for farmers is a warning that those actions are hurting the USA agriculture industry.

Money Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report
Author: 0 Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report

Cook said that the more expensive iPhone X was once again the most popular iPhone model this quarter. By the time Apple takes the wraps off its new iPhones this fall, most people in the crowd will already be able to draw the phones from memory at the rate leaked images of the devices are appearing.A day after photos of dummy iPhone units popped up online , videos of those same two models are now circulating.

Money Facebook market value plunges $120 bil
Author: 0 Facebook market value plunges $120 bil

He said the 19 percent plunge in Facebook shares the next day stemmed from federal securities law violations by the defendants. The drop translates to a US$119.4 billion ($176 billion) decline in market capitalisation, the largest-ever loss of value in one day for a U.S.

Money Amazon just posted an insane earnings-per-share beat
Author: 0 Amazon just posted an insane earnings-per-share beat

But it's not the same story for Amazon . That meant quarterly profit was a record $2.5 billion, marking an incredible 1286 percent YoY increase-Amazon's profit was "only' $197 million in Q2 2017". Amazon shares went from falling 2.3% at market opening, and being the second-biggest drag on the Nasdaq and S&P after Facebook lost $120bn in market value, to rising by more than 4% in after-hours trading.

Money US, EU to resolve steel, aluminum tariffs: Mnuchin
Author: 0 US, EU to resolve steel, aluminum tariffs: Mnuchin

At a meeting in Washington on Wednesday, Trump and Juncker agreed to lay aside their months-long trade spat and impose no new special tariffs for the time being. "They want to work together with us on China and they want to help us reform the WTO ( World Trade Organization )", the official said. The Agriculture Department of the USA is speculating a loss of around $11 billion due to the intensifying trade wars .