Economy

Author: 0 Trump gripes about Fed in rare rebuke by sitting president

Because we go up and every time you go up, they want to raise rates again. But at the same time, I'm letting them do what they feel is best", Trump told CNBC in a rare rebuke of the Fed by a sitting president. Trump's remarks come as the US economy enjoys its second-longest economic expansion on record which has seen unemployment fall close to the lowest levels in 50 years.

Author: 0 Trump Federal Reserve comments could backfire, cause more rate hikes

In particular, the Fed's most recent rate hikes could dilute some of the benefit of the tax cuts Trump signed into law previous year. Indeed, he has never been reticent on the subject. And at others , the central bank was complicit in hewing to the administration's political preferences. "In fact, an argument can be made that the President's comments may skew the Committee in a hawkish direction: if a decision is a close call then the appearance of kowtowing to the President may bias them ...

Economy Musk apologises for 'pedo' caver tweet
Author: 0 Musk apologises for 'pedo' caver tweet

I have to take advice". Tesla spokespeople did not immediately respond to requests for comment. Reuters could not reach Unsworth for comment. Mr Unsworth said he had not actually met Mr Musk face-to-face when he visited the cave during the rescue.

Economy Android might not remain free because of new European Union ruling
Author: 0 Android might not remain free because of new European Union ruling

A 90-day window opened for Google on Wednesday: that's how much time it has to stop conducting "illegal practices regarding Android mobile devices to strengthen dominance of Google's search engine", according to the European Commission . It's illegal under European Union antitrust rules. Google, naturally, is unimpressed. Sundar Pichai , Google's CEO, has defended the company's decision to bundle the apps with the operating system, stating in a blog post, that Android users were free to ...

Economy MPs to vote on starting summer holiday early
Author: 0 MPs to vote on starting summer holiday early

The "Brexiteers" were angry that May's Chequers agreement - a plan for a Brexit strategy hatched at May's official country residence 10 days ago - envisaged a close future relationship with the EU. The Conservative government defeated an amendment introduced by its own backbench MPs to a future trade policy bill which would have kept Britain in a customs union with the EU if it fails to agree a free trade deal.

Economy Microsoft and Walmart Tag Team Against Amazon
Author: 0 Microsoft and Walmart Tag Team Against Amazon

At Microsoft's Inspire conference for partners, Walmart unveiled a five-year deal that will see the retailer use Microsoft 365 and Azure services, the Wall Street Journal reports . Though Walmart already uses some Microsoft services, this expanded partnership will see the company expanding to tap into Microsoft's machine learning, AI, and data management solutions across its business.

Economy Farnborough Airshow, Brexit and the Trade War
Author: 0 Farnborough Airshow, Brexit and the Trade War

President Donald Trump threatens to raise tariffs on a variety of goods and other countries prepare to retaliate. United Airlines has ordered four additional 787s from Boeing . While Trump has said trade wars are "good and easy to win", aviation experts say American companies like Chicago-based Boeing will take the first hit because most of US aerospace production goes to foreign buyers.

Economy Japan, EU agree to sweeping trade deal against tariffs
Author: 0 Japan, EU agree to sweeping trade deal against tariffs

The agreement, which European Council President Donald Tusk called "the largest bilateral trade deal ever", aims at boosting business between the two regions by eliminating tariffs on most products. The European Union yesterday called on the United States, China and Russian Federation to work together to cool worsening global trade tension, warning that they could spiral into violent "conflict and chaos".

Economy Schnatter, lawyers send letters to Papa John's Board of Directors
Author: 0 Schnatter, lawyers send letters to Papa John's Board of Directors

Schnatter's resignation came after it emerged that he had used the n-word and graphically described lynchings on a call with Papa John's marketing agency. Schnatter also said he rejected the Laundry Service's proposal that Papa John's hire Kanye West to do advertising because of the music star's use of the "N"-word in his lyrics".

Economy Wednesday to bring confrontation for Theresa May over her Brexit plan
Author: 0 Wednesday to bring confrontation for Theresa May over her Brexit plan

May has repeatedly ruled out a second referendum, after Britons voted by 52-48 per cent for Brexit in 2016, but Greening's support for a so-called People's Vote will give the campaign a huge boost. Some Brexiteers, including Mr Thomson, believe the Chequers plan will keep the United Kingdom too closely tied to the EU. On Monday, May gave in to Tory hardliners by accepting four amendments to the bill, underpinned by her Brexit white paper, meant to toughen up her negotiating stance.

Author: 0 Netflix plunges as subscriber growth disappoints

Calling the quarter "strong but not stellar", Netflix boss Reed Hastings cited hurdles such as increased competition from YouTube, HBO, Disney, Amazon and Apple, as well as foreign currency fluctuations as the streaming giants accelerates its global business.

Economy EBay Will 'Beat' All Amazon Prime Day Deals By 5%
Author: 0 EBay Will 'Beat' All Amazon Prime Day Deals By 5%

Many took to social media to complain that they couldn't order items. Shoppers in the USA and elsewhere are struggling to access Amazon's website as one of its biggest annual sales, Prime Day , gets underway. The Prime model adds monthly and annual fees into Amazon's coffers, and Prime members spend more on the site than shoppers without the subscription.

Economy Netflix shares dive as subscriber growth falls short
Author: 0 Netflix shares dive as subscriber growth falls short

Global subscriber growth also fell far short, as Netflix added 4.47 million against an expected 4.97 million. Specifically, Netflix is anticipating a net add of 5 million new subscribers for the September quarter, a tad below some analyst projections that saw Netflix bringing 6 million new subscribers on board.

Economy Elon Musk's social media conduct may be bad for his business
Author: 0 Elon Musk's social media conduct may be bad for his business

In an interview with CNN , Unsworth said the escape pod had absolutely no chance of working and called Musk's efforts a " PR stunt ". When Musk himself went inside the cave, according to Unsworth, he was asked to leave very quickly. "I think people realize what sort of guy [Musk] is". "Yes, it's not finished", Unsworth told Australian outlet Channel 7 , per BBC News. He then doubled down on the claim, writing: "Bet ya a signed dollar it's true".

Economy Amazon Prime Day becomes a 36-hour event
Author: 0 Amazon Prime Day becomes a 36-hour event

Ives estimates Alexa - Amazon's name for the digital voice assistant that powers products like its Echo smart speaker - to be a $1 billion opportunity over the next three years. Amazon has released several teaser deals in preparation for the bigger discounts later on this evening, giving huge discounts to TVs, Smartphones, Cameras and many more goods.

Economy Ivanka Trump out of fashion at Canadian retailer
Author: 0 Ivanka Trump out of fashion at Canadian retailer

Nordstrom said its executives had been talking with Trump's team in the past year and told her about their plans to drop her line in early January 2017. Coulter started the movement in October 2016 after the infamous Access Hollywood tape was leaked where Trump could be heard making crass comments about women.

Economy Amazon UK Prime Day offers LEGO discounts of up to 51%
Author: 0 Amazon UK Prime Day offers LEGO discounts of up to 51%

Prime Day is a massive sale Amazon puts on each year in July for Prime members. CNET's Dan Ackerman joins "CBS This Morning" to discuss what to expect from the big sale. Prime Day begins at 12 PM PT (3 PM ET / 12 PM BT) on July 16 and will last 36 hours, through July 17. This is the second edition of Prime Day sale that the e-commerce giant will be hosting in the country.

Author: 0 Trump hits back at Canada for retaliating against tariffs with WTO complaint

On 6 July, the U.S. imposed 25% tariffs on $34bn in Chinese goods, prompting Beijing to hit back with levies on the same amount of USA exports to China . The EU and China announced plans June 25 to form a group to work on updating WTO rules. Li has appealed to visiting European leaders including German Chancellor Angela Merkel in May by saying their companies were welcome to invest.

Economy Louisville: Papa John didn't respond to text message about stadium name change
Author: 0 Louisville: Papa John didn't respond to text message about stadium name change

The Papa John's founder used the N-word during a conference call and resigned Wednesday as a University of Louisville board of trustee member as well as Chairman of the Board with the company he created. "But we don't want to do business with Roger Goodell, period". In under a week, John Schnatter has gone from being the face of Papa John's to being its biggest downfall.

Economy Elon Musk Calls Thai Cave Rescuer A
Author: 0 Elon Musk Calls Thai Cave Rescuer A "Pedophile" In Bizarre Twitter Outburst

The diver called Musk's mini submarine - created to transport the trapped children through the tunnel - a " PR stunt " because it had " absolutely no chance of working ". In the midst of the tense rescue mission earlier this month, Musk announced plans to help. Writing for The Australian last week, journalist Caroline Overington had a simple message for Musk after he turned up uninvited to the Thai rescue site.

Economy Tips to shop Amazon Prime Day
Author: 0 Tips to shop Amazon Prime Day

According to CNBC, Amazon normally charges sellers $500 to run a " lightning deal " but for Prime Day 2018 they'll charge them $750 which, the thinking goes, will lead to sellers to list only their very best deals . You can also use camelcamelcamel to watch for price drops. Hopefully you can stop taking pictures of your adorable pooch long enough to use your phone camera for some discounts.

Economy CE Retailers Serving Deals During Prime Day
Author: 0 CE Retailers Serving Deals During Prime Day

Deals for Prime members will be on this page on Prime Day . "We were humbled by the fantastic response to our first Prime Day past year and are delighted to bring it back for Prime members in India". There are EMI options also available on each device with next day free delivery for all Prime members. If you don't cancel the subscription before the end of the 30-day trial period, only then you will be charged.

Economy U.S. soybean exports predicted to plunge as trade war continues
Author: 0 U.S. soybean exports predicted to plunge as trade war continues

Farmers in Brazil, the world's biggest exporter, may boost production in response as China's purchases from the South American country rise, the USDA said. China imported about 33 million tons of soybeans from the United States past year. With South American soybeans selling at a premium because of Chinese demand, importers in other countries have bought USA soybeans at comparative bargain prices in recent weeks.

Economy Elon Musk Calls Hero of Thai Cave Rescue a
Author: 0 Elon Musk Calls Hero of Thai Cave Rescue a "Pedo"

Musk had developed a mini-submarine created to deliver each child to safety, but Unsworth described in detail how the invention "had no chance of working". Dr Richard "Harry" Harris was the last member of the rescue team to leave the cave. "Just returned from Cave 3". Meanwhile the two Australians who helped in the global rescue of the Wild Boars soccer team were given diplomatic immunity in the event anything went wrong during the treacherous rescue.

Economy China's ZTE sees heavy losses in H1 due to USA penalty
Author: 0 China's ZTE sees heavy losses in H1 due to USA penalty

Shares of ZTE Corp surged by 25 percent in Hong Kong on Thursday, after the company signed an agreement with the United States, paving the way for the lifting of a seven-year U.S. officials about punishing employees who violated United States sanctions against North Korea and Iran. The letter notes the serious threat that the operations of Chinese telecom companies, and their agents represent to the national security of the United States of America.

Economy Illness linked to McDonald’s salads reported in Missouri
Author: 0 Illness linked to McDonald’s salads reported in Missouri

Health officials are warning anyone who ate a McDonald's salad recently and has symptoms to get tested for the illness. Illinois' health department said Thursday that it confirmed about 90 cases of cyclosporiasis since mid-May. Since mid-May, Illinois alone has seen more than 100 cases of cyclosporiasis, an intestinal illness caused by the parasite cyclospora , according to an announcement from the Illinois Department of Public Health .

Economy Ryanair confirms strike will go ahead as talks break up
Author: 0 Ryanair confirms strike will go ahead as talks break up

Ryanair said it can't rule out further disruption later in the year with more strikes are planned for July and August as well as industrial action by European Cabin Crew members. Forsa had said late Wednesday that talks with Ryanair had ended after seven hours of talks with "very little progress". In a statement, Ryanair said today's strike had " achieved nothing " as all customers on the 30 affected flights had switched flights or accepted refunds.

Economy Belfast shoppers offered £12 Build-A-Bear voucher after promotion chaos
Author: 0 Belfast shoppers offered £12 Build-A-Bear voucher after promotion chaos

The big crowds at stores created safety concerns that led Build-A-Bear to close some stores or limit customers . The company have responded to the disruption by offering customers a £12 voucher which can be redeemed online. "First, I want to say that we are in the business of making sure kids have the best experience possible". The Birthday Treat Bear is available for children at the dollar amount of the age they will celebrate turning.

Author: 0 Ryanair Pilots Announce Two Further Strike Days

But they have reassured passengers that all Ireland to Europe flights will operate as normal. The comments came after a number of the company's pilots took part in a 24-hour strike over their conditions of employment. In a statement , Ryanair said: " We have tried to avert this disruption, which is unnecessary given Ryanair pilots' and their union FORSA has received written proposals on seniority, annual leave and base transfers, which are what FORSA claims are the reasons for this strike, ...

Economy McDonald’s Pulls Salads From Some Stores After Parasite Outbreak
Author: 0 McDonald’s Pulls Salads From Some Stores After Parasite Outbreak

About one quarter of the cases have been linked to McDonald's salads. "Although a link has been made to salads sold in McDonald's restaurants in some Illinois cases, public health officials continue to investigate other sources", Nirav Shah, Illinois public health director, told USA Today .