Economy

Economy Micron sees just 1 percent hit on revenue from China ban
Author: 0 Micron sees just 1 percent hit on revenue from China ban

The patent infringement claims of United Microelectronics ( UMC ) and Jinhua Integrated Circuit were filed against Micron in retaliation for criminal indictments filed by Taiwan authorities against UMC and three of its employees and a civil lawsuit filed by Micron against UMC and Jinhua in the United States District Court for the Northern District of California for the misappropriation of Micron trade secrets.

Economy China Trade Battle Kicks Off; Markets Take it in Stride
Author: 0 China Trade Battle Kicks Off; Markets Take it in Stride

Chinese officials announced that retaliatory tariffs on US goods would immediately go into effect on American exports like soybeans, seafood, SUVs and crude oil. "To put it simply, the United States is opening fire on the entire world, including itself", China's Commerce Ministry spokesperson Gao Feng said in Beijing .

Author: 0 For Investors, an Ideal Jobs Report

The economy needs to create roughly 120,000 jobs per month to keep up with growth in the working-age population. The labour force participation rate increased to 65.5 per cent in June, from 65.3 per cent a month earlier, reflecting in large part higher youth participation The number of people aged 15 to 24 in the labour force increased by 27,400, raising the participation rate for that group to 64 per cent from 63.4 per cent The monthly employment gain was driven by part-time workers, which ...

Economy Several Americans spent Canada Day apologizing to Canadians for Trump
Author: 0 Several Americans spent Canada Day apologizing to Canadians for Trump

Until Lopez Obrador is sworn in, members of the current Mexican administration will continue to serve as the country's lead NAFTA negotiators, the official said. The two discussed "mutually beneficial economic and trading relationship between the two countries", Trudeau's office said in a statement. Trump told Fox News in an exclusive interview.

Economy Iran tells Trump: Stop tweeting, it's driving up oil prices
Author: 0 Iran tells Trump: Stop tweeting, it's driving up oil prices

Benchmark Brent crude oil was up 50 cents at US$77.80. US crude futures CLc1 were up 19 cents at $74.33 a barrel, within sight of Tuesday's 3-1/2-year high above $75 a barrel. "A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the USA decision to end the Iran deal", National Australia Bank (NAB) said in its July outlook.

Economy Oil rises on Libya force majeure, but demand slowdown holds back market
Author: 0 Oil rises on Libya force majeure, but demand slowdown holds back market

US crude stockpiles are forecast to have declined 5 million barrels last week, according to a Bloomberg survey ahead of government data released on Thursday. In the most recent tweet on June 29, Trump claimed that he and Saudi Arabian King Salman Bin Abdulaziz agreed to a 2-million-barrel production increase, but the White House later backpedalled.

Economy MSP Hiked for Kharif Crops But Still It's Short of Cost +50%
Author: 0 MSP Hiked for Kharif Crops But Still It's Short of Cost +50%

In the last four years, the NDA government has raised the paddy MSP between Rs 50-80 per quintal. The Narendra Modi government has cleared a new list of minimum support price for 14 summer (kharif) crops - the biggest in its tenure that will cost the state almost Rs 15,000 crore in public funds.

Economy Trump moves to block China Mobile's USA entry on security concerns
Author: 0 Trump moves to block China Mobile's USA entry on security concerns

The National Telecommunications and Information Administration , or NTIA, on Tuesday said the risks are too great to come to an agreement with the Chinese company. The NTIA disagreed, saying it considered it likely that China Mobile would comply with requests from the Chinese government. ZTE is in the process of getting the ban lifted and announced a new board last week, but its settlement deal is facing opposition from some lawmakers in Washington .

Economy How to watch the 2018 Hot Dog Eating Contest live
Author: 0 How to watch the 2018 Hot Dog Eating Contest live

He remains something of a mythical figure, as he disappeared from the Coney Island boardwalk after the 2009 event as he was in a contract dispute with Major League Eating . But, after that many hot dogs, who wouldn't?! Ten-time and defending Nathan's Famous Men's Champion Joey Chestnut poses with 72 hot dogs during Nathan's Famous International Fourth of July Hot Dog Eating Contest weigh-in at the Empire State Building on Tuesday, July 3, 2018, in NY.

Economy China's HNA chairman dies after fall during trip to France
Author: 0 China's HNA chairman dies after fall during trip to France

One of HNA's dollar bonds due in 2018 fell 1.5 cents on the dollar, the biggest drop since December 12, as of 4:59 p.m.in Hong Kong, according to Bloomberg prices. "HNA Wang Jian died" briefly ranked 11th on the Twitter-like Weibo's hot topics page, but was quickly gone from the top 50. Wang graduated from the Civil Aviation University of China with a degree in airline management and held an MBA from the Maastricht School of Management in the Netherlands.

Economy China says 'fully prepared' if trade war kicks off this week
Author: 0 China says 'fully prepared' if trade war kicks off this week

European Union leaders at a summit in Brussels last week warned that the European Union would respond to all United States actions "of a clear protectionist agenda". As traditional alliances fray, Liu He has said privately that his country is ready to set out for the first time what sectors it can open to European investment at the annual summit, expected to be attended by President Xi Jinping, China's Premier Li Keqiang and top EU officials.

Economy Giant LeBron James banner in Cleveland comes down
Author: 0 Giant LeBron James banner in Cleveland comes down

Which means they now have five players from last year's NBA All-Star Game on the same team that won last year's championship, and the one. "Rondo can ball. Furthermore, Evans agreed to terms on a one year, $12 million contract with the Indiana Pacers. Evans offers the same sort of skill set as Stephenson but at a higher level and without the on-court antics.

Author: 0 White House aides drafting WTO bill called it the FART Act

Trump reportedly was briefed on the working draft in May. American consumers pay for tariffs. The U.S. helped establish the WTO in 1995 as a way to mediate trade disputes and head off tit-for-tat trade wars of the kind that are now enveloping the U.S., Canada, Mexico, China, and the European Union.

Author: 0 Saudi Arabia ready to boost oil output

Russian Federation and Saudi Arabia will face "dire consequences" if they increase their oil production , the head of the state energy firm said. "Their companies - their companies will be subject to the same sanctions that everybody else's are if they engage in those sectors of the economy that are sanctionable, where there were sanctions imposed prior to 2015", the unnamed U.S.

Economy European Union warns Trump that raised vehicle import tariffs would hurt US
Author: 0 European Union warns Trump that raised vehicle import tariffs would hurt US

But in a submission sent to the US Department of Commerce, the European Union said that such an increase would be to the detriment of the US's own interests. It would break global law and "further damage the reputation of the United States", it said. Yet Wilbur Ross , Trump's commerce secretary, insisted the White House will not blink even if investors across the world flee equity markets.

Author: 0 Donald Trump Threatens Action On WTO After Reports He Wants To Withdraw

Asked if he planned to pull out of the WTO, Trump said the trade organization had treated the U.S. "And we're not planning anything now, but if they don't treat us properly we will be doing something", he said. relations with allies and trading partners from Europe to China. Under the bill, Trump would be able to impose tariffs without congressional consent.

Economy ‘Impeach 45' apparel at Walmart sparks calls for boycott
Author: 0 ‘Impeach 45' apparel at Walmart sparks calls for boycott

Users were taking issue with "Impeach 45" apparel that was being offered on Walmart's website . Ryan Fournier , chairman of the group Students for Trump , was one of the first to discover Walmart was selling the clothing item, according to the International Business Times .

Economy Trump’s latest attack on Harley-Davidson makes absolutely no sense
Author: 0 Trump’s latest attack on Harley-Davidson makes absolutely no sense

Stock Swoosh Owner Melissa Armo and Investmark Advisory Group Principal Michael Lee on President Trump's push to bring down trade barriers between the USA and its closest allies. But Trump's argument here - that 2017 Harley sales figures somehow reflect consumers' displeasure with a decision the company just announced - defies the very notion that time is linear.

Economy Lyft acquires Divvy parent company, Motivate
Author: 0 Lyft acquires Divvy parent company, Motivate

Ride-hailing companies have indicated they want to make their apps one-stop shops for mobility, enabling users to select a destination and use the appropriate mode of transportation - whether solo or pooled ride, bike or, perhaps scooter - to get there.

Economy Reports Show Lopez Obrador With Landlside Win in Mexico Election
Author: 0 Reports Show Lopez Obrador With Landlside Win in Mexico Election

Promising to combat corruption and drive down record crime rates, Mr Lopez Obrador captured 53 per cent of the vote, according to preliminary results - a historic victory for the party he created. Mr Lopez Obrador appears well liked by his people. It is also the first time that Mexicans living overseas can vote for down ballot races like senators.

Economy More details emerges about how much of your info Facebook is sharing
Author: 0 More details emerges about how much of your info Facebook is sharing

The list features major American tech companies such as Amazon , Apple and Microsoft . As friends-of-users can't meaningfully consent to their data being shared with third parties without their knowledge, there is a possibility that this sharing frenzy violates Facebook's 2011 "consent decree" deal with the Federal Trade Commission (FTC), in which Facebook promised to get such consent.

Author: 0 EU warns Trump: auto tariffs could lead to $300B retaliation

The European Union warned that steps would be taken to prevent the United States from imposing import tariffs on vehicle parts and cars, according to Reuters . Brent crude prices slid on more supply from Saudi Arabia and Russian Federation and that pulled down energy stocks. The EU delivered its warning as it emerged that the largest business lobby group in the United States had written to the president to say a global trade war risked damaging his tax cut-led efforts to kickstart the ...

Economy Amazon Prime Wardrobe Is Now Available To All Customers | HuffPost
Author: 0 Amazon Prime Wardrobe Is Now Available To All Customers | HuffPost

According to Amazon , "Prime members in Australia will have access to the widest selection of Prime benefits at launch for any country ever-free delivery on millions of local and worldwide items". "Thus when Amazon enabled Prime, it on day one was available for a large catalog of items, both from Amazon and from sellers, instead of launching with a limited catalog".

Author: 0 Election of new Mexican president adds uncertainty to NAFTA talks

Both of Lopez Obrador's opponents in Sunday's vote - Jose Antonio Meade, of the ruling PRI party, and the PAN Party's Ricardo Anaya - wished him success "for the well-being of Mexico". "Whoever it is will be punished, I include comrades, officials, friends and family members", the 64-year-old said. And in Michoacan state, polling places in a few villages were cancelled after some inhabitants said they didn't want elections involving political parties, which they mistrust.

Economy Mexico's AMLO Calls Trump 'Erratic and Arrogant'
Author: 0 Mexico's AMLO Calls Trump 'Erratic and Arrogant'

Lopez Obrador is estimated to have won between 53 and 59 percent of the vote. It is also the first time Mexicans living overseas can vote for down ballot races like senators. Compared with his predecessors, Lopez Obrador is likely to be more focused on domestic economic issues than on settling trade issues with the United States, O'Neil said.

Author: 0 European Union threatens $294B in retaliatory tariffs if Trump imposes foreign auto levies

Tariffs our government has placed on American goods are now in effect, in response to levies the Trump administration has placed on Canadian products. "We should seek free and fair trade, but this is just not the way to do it". The Australian dollar slumped almost 1 per cent overnight to a low of 73.1 as the greenback rose and amid ongoing trade tension.

Economy Oil falls as Saudi, Russian output rises
Author: 0 Oil falls as Saudi, Russian output rises

Trump told King Salman bin Abdulaziz Al Saud that the oil market could need more supply when the men spoke on Friday, the White House said . Iran also urged fellow OPEC nations , including rival Saudi Arabia, to stick toan agreement made last month to collectively boost output.

Author: 0 Trump issues WTO warning in meeting with Dutch leader

Axios reported on Sunday that Trump, who has made fighting unfair trade rules a pillar of his presidency, has ordered that legislation be written stipulating a WTO withdrawal. White House spokeswoman Lindsay Walters told Axios that the administration was not preparing to roll out such legislation. It should also come as no surprise that the act has a simple, blunt name: The Fair and Reciprocal Trade Act.

Economy Five Years After Going Private, Dell Is Going Public Again
Author: 0 Five Years After Going Private, Dell Is Going Public Again

Subsidiary VMware will issue an $11 billion dividend, with $9 billion going to Dell. Michael Dell now owns 72 percent of common shares in Dell, while Silver Lake owns 24 percent. DVMT has nearly doubled since the stock was issued, closing at $84.58 on Friday, and they were up 8 percent at 9:38 a.m.in New York Monday. The transaction was likely "initially driven by a desire to find some liquidity for the major shareholders" by unlocking some of the cash VMware had been sitting on, ...