• Oil prices mixed as oversupply fears mount

    Oil prices mixed as oversupply fears mount

    Money

    The expiring U.S. West Texas Intermediate ( WTI) crude for August delivery settled up $1.00 at $70.46 a barrel, while the more liquid September contract rose 2 cents to $68.26 a barrel. Saudi Arabia , the group's de facto leader and the biggest producer, said production this month will be slightly higher than in June, according to people familiar with the matter.
  • EU Fines Google a Record $5 Billion

    EU Fines Google a Record $5 Billion

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    Business review site Yelp has complained about Google's anti-competitive business models, and its polic head, Luther Lowe, described Ms Vestager's decision as an "important step in restoring competition, innovation and consumer welfare in the digital economy".
  • U.S. tariffs take effect, China warns of 'counterattack'

    U.S. tariffs take effect, China warns of 'counterattack'

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    President Donald Trump's administration's 25 per cent tariffs are targeting Chinese products such as industrial machinery , medical devices and auto parts. Some U.S. companies scrambled Friday to reach China before the tariff deadline. China's foreign minister said trade protectionism and unilateral actions were "short-sighted" and in a statement on Friday called on European counties to work with China to safeguard a globally free trade system.
  • Is Donald Trump on a relentless quest to corner Iran?

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    First Vice President Es'haq Jahangiri said on Monday that Iran is able to counter the looming USA sanctions, noting that those at the White House who think they can halt Iran's oil export are living in "illusion". "Such measures are taken as a psychological war against the country", Jahangiri made the remarks at a conference held to mark National Day of Industry and Mine in the capital Tehran.
  • Boycott alert: Walmart sells

    Boycott alert: Walmart sells "Impeach 45" t-shirts

    Money

    But overnight, Trump supporters have been expressing anger toward Walmart on social media, with the hashtag #BoycottWalmart gathering more than 27,700 tweets at the time of publication. These marketplaces are a vital source of revenue for retailers. The company isn't pushing a liberal, anti-Trump agenda; it's just trying to get people to buy clothes.
  • LeBron once had new Lakers teammate JaVale McGee blocked on Instagram

    LeBron once had new Lakers teammate JaVale McGee blocked on Instagram

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    The Cavs played 81 postseason games - one contest shy of an entire regular season - the last four years, winning 55 of them. James will make $25.65 million next season. James bid farewell to Cleveland via his Instagram account. LeBRON JAMES has completed his stunning switch to the Los Angeles Lakers . It's hard to read too much into this, as far as where James may land.
  • Did Tesla Hit Its Model 3 Production Goal Last Month?

    Did Tesla Hit Its Model 3 Production Goal Last Month?

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    The Spice. Must. Flow. He also wrote that the company had produced 2,000 of its luxury Model S and Model X cars, bringing total vehicle production to 7,000 over the course of a week. In an internal email announcing layoffs last month, Elon Musk wrote that Tesla needs to become "sustainably profitable" in order to achieve its goal of accelerating the transition to clean energy technologies.
  • European Union warns Trump that auto tariffs could lead to $300B retaliation

    European Union warns Trump that auto tariffs could lead to $300B retaliation

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    In a submission to the U.S. authorities, the European Commission warned: "Economic analysis confirms that an increased tariff on these products (cars and vehicle parts) will be harmful first and foremost for the USA economy". Meanwhile, in a surreal twist to the trade war developments, Axios reported Sunday that a leaked draft Trump administration bill would see the US abandon the World Trade Organization (WTO) rules that limit the levels of tariffs that the country can impose on imports.
  • Saudis will pump up oil production, says Trump

    Saudis will pump up oil production, says Trump

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    In reality, the output increase isn't expected to exceed 700,000 barrels per day because some members are already pumping at maximum capacity. The White House statement aligned with one by the state-run Saudi Press Agency saying that the Saudi monarch and Mr Trump , in a phone call Saturday, discussed efforts by the oil-producing countries to compensate potential shortages in oil supply.
  • Toys R Us closes final stores Friday

    Toys R Us closes final stores Friday

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    This might have been totally a joke but it still shows the impact Toys R Us had on all of us. In January, it announced plans to close about 180 stores , but then in March it said it would liquidate the rest of the 700-plus stores. One user tweeted the photo saying: "Goodbye, Geoffrey the Giraffe". Toys "R" Us chief executive officer Jerry Storch has been, "working with multiple investors on a plan to reboot the retailer in the USA, according to people familiar with the situation, who ...
  • Harley-Davidson US production a casualty in Trump tariff war

    Harley-Davidson US production a casualty in Trump tariff war

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    Harley-Davidson determined that the tariffs would therefore eat up $30 million to $45 million of the current year's profit. Harley said increasing production at its overseas global plants would require incremental investments and could take at least nine to 18 months.
  • Online sellers consider how to comply with sales tax ruling

    Online sellers consider how to comply with sales tax ruling

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    For a better understanding of how the ruling could impact consumers and businesses in the Chicago area, reach out to local legal experts. So as online retail has grown, states have sought increasingly clever ways to force out-of-state sellers to collect sales tax where they know their own residents are unlikely to pay use tax .
  • Business leaders optimistic following US Supreme Court sales tax ruling

    Business leaders optimistic following US Supreme Court sales tax ruling

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    This law affects IL shoppers that check out of shopping sites without paying sales tax, and the sites are now required to add them. "The old physical presence rule created these pockets where businesses were structuring and locating in states where they didn't have a lot of sales so they could sell online and sell across the border, not having to collect sales tax", North Dakota Tax Commissioner Ryan Rauschenberger said.
  • European Union slaps retaliatory tariffs on U.S. as trade war rattles markets

    European Union slaps retaliatory tariffs on U.S. as trade war rattles markets

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    European Union trade officials have described the United States tariffs on steel and aluminum - justified by the Trump administration on grounds of national security -- as "illegal". "The US is abusing the tariff methods and starting trade wars all around the world". In two weeks, the U.S. is due to start taxing $US34 billion in Chinese goods.
  • Iran to oppose Saudi proposal to increase OPEC crude output

    Iran to oppose Saudi proposal to increase OPEC crude output

    Money

    Experts like Michael Hewson, chief market analyst at CMC Markets U.K., note that the price of oil is high not only because of OPEC and Russia's agreement to limit output, but also because of Trump's policies, including a decision to reinstall sanctions on Iran.
  • Trump, Iran spar over oil prices ahead of OPEC meeting

    Trump, Iran spar over oil prices ahead of OPEC meeting

    Money

    Despite the growth, the Saudi supply remains compliant with the deal. U.S. President Donald Trump repeated criticism of OPEC in another tweet on Wednesday, blaming the group for keeping prices too high. Indian Oil Corporation (IOC) chairman Sanjiv Singh met Wang Yilin, chairman of China National Petroleum Corporation (CNPC) in Beijing on Monday and held discussions to facilitate more USA crude oil imports to Asia to cut the dominance of OPEC.
  • U.S. Government Bonds Strengthen After ECB Announcement

    U.S. Government Bonds Strengthen After ECB Announcement

    Money

    The common currency shed 1.9% to the dollar after the rate comments, in its sharpest daily fall in the nearly two years since the Brexit vote shock in 2016. Today's monetary policy decisions maintain the current ample degree of monetary accommodation that the central bank hopes will ensure the continued sustained convergence of inflation towards levels that are below, but close to, 2% over the medium term.
  • Amazon and Whole Foods Market launch free two-hour delivery in Richmond

    Amazon and Whole Foods Market launch free two-hour delivery in Richmond

    Money

    Since taking over Whole Foods, Amazon has also cut some prices at the notoriously expensive supermarket. Members can shop through Prime Now for fresh produce, meat and seafood, household items and more from Whole Foods Market. The discounts include $2-per-pound savings on organic yellow nectarines and peaches; buy one, get one free purchases of Annie's Natural Macaroni & Cheese; and $3-per-pound savings on made-in-house pork sausage, with no antibiotics.
  • The AT&T-Time Warner merger is a go, court rules

    The AT&T-Time Warner merger is a go, court rules

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    On the campaign trail in October 2016 , then-candidate Donald Trump spoke in Gettysburg, Pa. The merger , including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data.
  • Domino’s Pizza wants to repave your city’s potholes

    Domino’s Pizza wants to repave your city’s potholes

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    Domino's Pizza is offering to fill potholes across the United States in order to save customers' pizza, the pizza chain announced Monday. For its newest promotion, " Paving for Pizza ", the company is asking people across the county to nominate which cities are most in need of road fix.
  • IHOP changes name to IHOb, 'b' stands for burgers

    IHOP changes name to IHOb, 'b' stands for burgers

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    International House of Pancakes will continue serving flapjacks, but is emphasizing the beef after announcing Monday morning it has changed its name to the International House of Burgers . Revamping its burger selection could convince customers to visit later in the day and for more than just hash browns and eggs. The restaurant chain finally revealed the mystery.
  • Trump and Kim meet where fantasy castle built on the hill

    Trump and Kim meet where fantasy castle built on the hill

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    But there are doubts denuclearisation of North Korea is achievable in the short term. The summit between Kim and Trump will cap a remarkable turnaround in relations between two men who were trading furious insults less than six months ago.
  • Kwesi Nyantakyi resigns as Ghana FA President after bribery exposé

    Kwesi Nyantakyi resigns as Ghana FA President after bribery exposé

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    Ghana has made a decision to dissolve its national football association a day after officials, including the body's president, were shown in a documentary taking kickbacks. I take sole and personal responsibility for the proceedings on the video. On Thursday, the government of Ghana began action to dissolve the GFA "as a result of the pervasive nature of the rot within the GFA".
  • Possibility of peace treaty at Trump-Kim summit offers hopes - and fears

    Possibility of peace treaty at Trump-Kim summit offers hopes - and fears

    Money

    Trump further noted that his upcoming meeting with Kim Jong-un in Singapore as a "mission of peace". "You know, President Trump has talked about a Nobel Peace Prize , he certainly isn't going to get it. The short answer might be that, despite his safety worries, Kim could end up getting much more out of this summit than he will have to give up. But nothing will be fully settled until China, which sent hundreds of thousands of troops into the North to prevent a quick USA victory in 1950, ...