Economy

Economy Amazon offers free one-day Prime shipping on 10M items
Author: 0 Amazon offers free one-day Prime shipping on 10M items

The company in April announced it would spend $800 million to cut that delivery window in half. " Prime Free One Day is possible because we've been building our network for over 20 years, enabling us to create a world-class customer experience powered by incredible employees and great technology ", the same blog post noted.

Economy Trump says Huawei 5G debate poses 'no problem' to US-UK ties
Author: 0 Trump says Huawei 5G debate poses 'no problem' to US-UK ties

If Huawei was ever able to fully enter the U.S. and sell smartphones on USA carriers, it likely wouldn't work out well, all thanks to Trump targeting the company. Huawei first burst into the smartphone market in Asia with mid-range phones featuring impressive cameras and large displays at lower prices than rivals Apple and Samsung.

Economy Theresa May's weirdly gendered gifts to Donald Trump and Melania revealed
Author: 0 Theresa May's weirdly gendered gifts to Donald Trump and Melania revealed

He said with Brexit still uncertain, there was a pretty limited chance of anything substantive emerging, as well as "the inability to determine what a future U.S. A wide range of groups have joined a protest coalition against the United States president's visit, including trade union Unite, environmentalists Extinction Rebellion and the Green Party.

Economy China blames USA for setback in trade talks
Author: 0 China blames USA for setback in trade talks

Finally in 1953 the armistice was signed, largely based upon China and North Korea's original proposals put forward in 1951, the paper said . "Instead, they will bring serious harm to the U.S. "Our insistence on detailed and enforceable commitments from the Chinese in no way constitutes a threat to Chinese sovereignty", the USTR said. It is not known how much Beijing keeps in its state soy reserves, but the country typically buys beans from Argentina to replenish those stocks, said ...

Economy RBA cuts interest rates for first time in nearly three years
Author: 0 RBA cuts interest rates for first time in nearly three years

The Reserve Bank governor has given a very strong indication that borrowers can expect at least one more interest rate cut this year, while attacking banks that have not passed on this month's cut in full. The bank postponed a rate cut before the election, which returned Scott Morrison's centre-right government to office on May 18. This means that the lower cash rate should be fully passed through into standard variable mortgage rates.

Economy Smartphone sales to decline amidst Huawei-US trade war
Author: 0 Smartphone sales to decline amidst Huawei-US trade war

It's quite a move, if you consider that Foxconn was actually recruiting massively at the beginning of the year due to Huawei's growing sales: the company saw a huge growth in shipments that went from 10.5 in the first quarter of 2018 to 15.7 in the first quarter of 2019.

Economy USA government takes aim at tech giants with antitrust probes
Author: 0 USA government takes aim at tech giants with antitrust probes

The Justice Department's Antitrust Division and the Federal Trade Commission (FTC) met in recent weeks and agreed to give the Justice Department the jurisdiction to undertake potential antitrust probes of Apple and Google, owned by Alphabet Inc, the sources said.

Economy Australia cuts rates to historic low as economy slows
Author: 0 Australia cuts rates to historic low as economy slows

The RBA announced a 25 basis point cut to 1.25%, making official the speculation that the first rate adjustment since August 2016 was the inevitable outcome of today's meeting. "So, in aggregate, lower interest rates reduce the net interest payments of the household sector and so boost overall disposable income". "The board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target", RBA Governor Philip Lowe ...

Economy Kia SP2i SUV named Seltos
Author: 0 Kia SP2i SUV named Seltos

According to Kia, the letter "S" implies speed, sportiness and strength. The Kia Seltos will be manufactured at Kia's facility in Anantapur, Andhra Pradesh where it will be made for the world. Sitting up front is the bold "Tiger Nose" grille between sharp-looking LED headlights, connected by a LED light bar atop the grille. It gets smaller, 18-inch wheels wrapped in 225/45-section Kumho tyres, even though the design of the dual-tone alloys remains the same.

Economy Donald Trump turns to trade talks on United Kingdom state visit
Author: 0 Donald Trump turns to trade talks on United Kingdom state visit

Trump was shown a pewter horse that he gave as a gift when they met in July 2018, and was asked whether he recognized it. The rest of the day included inspecting the Guard of Honor formed by the Grenadier Guards, a tour of historic Westminster Abbey, tea with Prince Charles at his London home, Clarence House.

Economy China says trade war 'has not made America great again'
Author: 0 China says trade war 'has not made America great again'

They are the latest warnings issued by Beijing amid a bitter trade war and other tension between the two countries. China is the largest source of global students in the United States, with about 360,000 Chinese students now studying in the country.

Economy EOS Developers block.one Announce
Author: 0 EOS Developers block.one Announce "Voice", a Social Media Platform

Our content. Our data. Block.one announced the launch of Voice , a blockchain based social media platform where the value of good content gets circulated back into the community. Facebook's manipulative and intruding exploitation their users' data has rightfully earned them a bad reputation. " Voice changes that", he added.

Economy Cuphead Is Coming To Tesla This Summer
Author: 0 Cuphead Is Coming To Tesla This Summer

Over the weekend, Musk was interviewed on Ryan McCaffrey's Ride the Lightning podcast where he continued to hype the soon-to-be-unveiled cyberpunk stuff-hauler, including making bold claims of unrivaled capability and performance. Games on Tesla are playable through either the touchscreen, steering wheel buttons, or a USB controller. Thanks to memory restrictions, only a small part of the game is up and running - Inkwell Isle One , the game's opening section.

Economy Stories: Justice Dept. making ready antitrust probe of Google
Author: 0 Stories: Justice Dept. making ready antitrust probe of Google

Google suffered a heavy blow from the European Union (EU) in June 2017 when an EU antitrust agency fined Google 2.7 billion US dollars for "abusing its dominant position by systematically favoring" its own shopping comparison service. The FTC and Google did not immediately respond to FOX Business' request for comment. Google could soon find itself in another antitrust probe. The DOJ's probe could threaten Google with a harsh examination of its sprawling digital empire, which ranges from ...

Economy Trump `deadly serious´ about Mexico tariffs
Author: 0 Trump `deadly serious´ about Mexico tariffs

His comments follow those of Jesus Seade, deputy foreign minister for North America, who told Reuters on Friday that Mexico wanted to sharpen existing measures to curb the flow of Central Americans trying to reach USA soil. In a news conference in the Gulf of Mexico port of Veracruz, President Andres Manuel Lopez Obrador said a delegation led by his foreign minister Marcelo Ebrard, who is due to meet US officials in Washington on Wednesday, would explain what Mexico has undertaken to address ...

Economy Crude tumbles toward worst May in seven years on trade-war anxiety
Author: 0 Crude tumbles toward worst May in seven years on trade-war anxiety

If implemented, the tariffs would begin June 10. "People are trading to the market and that's dragging down oil", said Jay Hatfield, whose energy-focused Infrastructure Capital Advisors LLC oversees about $750 million. The U.S. oil benchmark lost almost 8.75 percent for the week and the Brent crude prices decreased more than 6 percent. A 5% tariff would add about $3 a barrel to the cost of Maya, which was worth about $58 on May 31, according to data compiled by Bloomberg.

Author: 0 Trump’s DOJ Prepares An Antitrust Investigation Into Google’s Business Practice

For the past few weeks, the US Department of Justice has been preparing to file an antitrust lawsuit against search and advertising behemoth Google. The DOJ began work on the matter after brokering an agreement with the government's other antitrust agency, the Federal Trade Commission, to take the lead on further antitrust oversight of Google, according to the people familiar with the matter, who spoke on condition of anonymity because the deliberations are confidential.

Economy The $344.6 million Powerball jackpot has a victor in North Carolina
Author: 0 The $344.6 million Powerball jackpot has a victor in North Carolina

There was no information on where exactly the winning ticket was sold. It has been more than nine weeks since a lucky Powerball lottery ticket bought in New Berlin, Wisconsin, matched all the numbers and hit the $768.4 million jackpot . Roughly $825 million will be up for grabs in America's two lottery games starting Saturday night after no one picked the correct numbers in the last drawings.

Economy Chinese Demand For Model 3 Overwhelms Tesla Website
Author: 0 Chinese Demand For Model 3 Overwhelms Tesla Website

Yesterday, Tesla finally opened the order books for Model 3 customers in Ireland, New Zealand, Australia, Japan and Macau, completing its rollout of what has become its most popular vehicle to date. "The price drop makes Tesla more accessible", the company said in a Chinese-language statement. Tesla only officially laid the foundation stone for the Gigafactory 3 in China at the beginning of January 2019.

Economy Delek buys Chevron’s North Sea assets in US$2 billion deal
Author: 0 Delek buys Chevron’s North Sea assets in US$2 billion deal

It will add 10 producing field interests to Ithaca's existing portfolio and around 500 employees will be transferred to the company. With the addition of the high quality, long life assets that characterise the CNSL portfolio, the acquisition delivers upon a number of key strategic objectives of Ithaca and establishes it as the second largest independent oil and gas producer in the UK North Sea.

Economy Ferrari unveils 986bhp SF90 Stradale plug-in hybrid
Author: 0 Ferrari unveils 986bhp SF90 Stradale plug-in hybrid

The electric motors, on the other hand, churn out 220 PS of power . It also has titanium exhaust and more saving 30kg. Seeing as these are some big shoes to fill, this new Ferrari SF90 Stradale should make quite a splash with 1,000 horsepower, 390kg of downforce at 250km/h, and a dry weight of 1,570kg.

Economy Ben & Jerry’s Announces That CBD Ice Cream Could Be Coming Soon
Author: 0 Ben & Jerry’s Announces That CBD Ice Cream Could Be Coming Soon

CBD , which stands for Cannabidiol, is a cannabis compound that will not get a person high upon consumption. The (US Food and Drug Administration) FDA doesn't allow CBD to added to food and beverages. It may take a while for their idea to come to fruition though - as the FDA now bans the use of cannabinoids in food products. Ben & Jerry's CEO Matthew McCarthy said in the statement that the company is doing this "for their fans" but also wants to do more than just follow the CBD trend.

Economy ‘Freedom Gas’: U.S. Touts LNG as Molecules of Liberty
Author: 0 ‘Freedom Gas’: U.S. Touts LNG as Molecules of Liberty

The use of the phrase in the quirky press release was quickly bandied about on Twitter. The release, however, isn't the first time the Energy Department has associated "freedom" with natural gas. "This is an absurd attempt to rebrand natural gas, and it shouldn't fool anyone", said Rachel Cleetus, a climate expert at the Union of Concerned Scientists .

Economy US Economy Grew at Revised 3.1% Rate in First Quarter
Author: 0 US Economy Grew at Revised 3.1% Rate in First Quarter

Consumer spending grew by 2.5 percent in the previous quarter. Per-share earnings for S&P 500 companies grew 1.5% in the first quarter, compared with the first quarter of 2018, the slowest growth since mid-2016, according to data from Refinitiv.

Economy US President Donald Trump terminates preferential trade status for India
Author: 0 US President Donald Trump terminates preferential trade status for India

India is the biggest beneficiary of the GSP programme which allowed for $5.6 billion, around Rs 3,896 crore, worth of Indian exports to enter the country duty-free. "India as part of our bilateral trade discussions, had offered resolution on significant U.S. requests in an effort to find a mutually acceptable way forward", the government said in the statement.

Economy Oil Falls After Smaller-Than-Expected Drop in U.S. Crude Supply
Author: 0 Oil Falls After Smaller-Than-Expected Drop in U.S. Crude Supply

On May 28, USA crude oil prices rose 0.9% and settled at $59.14 per barrel, ~10.8% below the highest closing level for active U.S. crude oil futures since October 31, 2018. -China trade war will crimp energy demand. "The possibility that tariffs could now be placed on crude arrivals from Mexico at the same time that rising Chinese tariffs are threatening to slow world oil demand growth has pushed nearby WTI to below our expected support at the $56 mark", Jim Ritterbusch, president of ...

Economy Minimum wage workers to receive 3pc pay rise
Author: 0 Minimum wage workers to receive 3pc pay rise

The proportion of all employees that are paid at the adult minimum wage rate is estimated to be 1.7%, or around 180,200. Twenty years on from its introduction, how has the minimum wage changed people's pay, and what might happen if it was raised further? France would be the only European country where the minimum wage is higher.

Economy IKEA shows you how to replicate famous rooms from 'Friends,' 'The Simpsons'
Author: 0 IKEA shows you how to replicate famous rooms from 'Friends,' 'The Simpsons'

Ikea is even going out of their way to sell their customers paint so they can recreate the room's pink walls and green floors. "Take a look and make your living room iconic with IKEA". As it targets new markets in the UAE, IKEA has painstakingly made recognisable living spaces from The Simpsons , Stranger Things and Friends entirely from their range.

Economy Uber reports $1 billion loss in first quarterly earnings after IPO
Author: 0 Uber reports $1 billion loss in first quarterly earnings after IPO

Uber executives acknowledged that fares have risen in NY because of new caps on drivers and a city initiative requiring ride-hail companies to provide a higher wage to contractors. Uber has attributed its losses to investments in its platform. Uber's loss in a single quarter was larger than that of North American rival Lyft Inc.in all of past year.

Economy Dollar Tree looking to raise prices beyond $1
Author: 0 Dollar Tree looking to raise prices beyond $1

The company said it plans to expand freezers and coolers in 400 of its Family Dollar stores. In a normal year, USA Today reported, the chain would close about 75 stores. The company will also be selling more items at about the $1 price point. More than 100 urban, suburban and rural stores will take part in the trial run.

Economy Trump says all Mexican imports will face new tariff due to migrants
Author: 0 Trump says all Mexican imports will face new tariff due to migrants

Mr Trump has accused the Mexican Government of failing to do enough to crack down on the surge of Central American migrants who have been flowing to the U.S. "Mexico's passive cooperation in allowing this mass incursion constitutes an emergency and extraordinary threat to the national security and economy of the United States".