Money

U.S. added 164000 jobs in July as employment rate held at 3.7%

Fed Chairman Jerome Powell pointed to the trade fight as one of the major factors risking the USA economy's health in a press conference this week, after policy...


Brexit makes Carney less of a central bank oddity

The pound has already fallen sharply in recent days to a 28-month low below US$1.21, as new Prime Minister Boris Johnson escalated talk of a no-deal Brexit and ...


Is Donald Trump the reason the Fed cut rates?

In a statement, the Fed said it chose to make the cuts " in light of the implications of global developments for the economic outlook as well as muted inflati...


Donald Trump defends stance on China trade after new tariffs

The latest tariffs President Donald Trump plans to impose on Chinese goods would cost US households an average of $200 a year, some economists estimate, and w...


N-Out Dethroned as America's Favorite Fast Food Chain

Despite controversial remarks in opposition to same-sex marriage made by Cathy's son Dan, Chick-fil-A's chief executive, the company has remained a strong favor...


Entenmann's recalls some Little Bites cookies due to plastic

There have been no reported injuries to date, but the plastic may result in a choking hazard , they said. The tainted cookies have been sold in most states and...


Facebook plans to put its name on Instagram, WhatsApp

According to reports , Facebook has confirmed that it will change the names of both its subsidiaries and will add "from Facebook " to their names. A year ag...


Fed officials say data did not support interest rate cut

USA stock markets fell by 1% following the announcement as Powell left the door open to further cuts. Trump grudgingly hailed the move, but complained that "a...


Crude oil production fell 26000 bpd in May to 12.108 million bpd

In a separate report, the EIA said US crude oil output in May slipped from a monthly record high, falling 26,000 bpd to 12.11 million bpd. The Fed's less-dovi...


Trump to announce European Union trade deal on beef sales

Frustrated with negotiations between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and their Chinese counterparts, Trump said i...


US factory activity growth slows to weakest in almost three years

As for the political implications, Donald Trump has now been in office for 30 full months - February 2017 through July 2019 - and in that time, the economy ha...


Central banks' hunger for gold pushes demand to three-year high

Overall, gold demand in India, in the first half of 2019 was 372 tonnes, nine per cent higher than previous year despite a slowing economic environment and rest...


Trump hits China with more tariffs, Asian markets sink

In a series of tweets , the president said Mr. Jinping has failed to block shipments of fentanyl to the U.S, as he's promised, and hasn't purchased USA farm ...


Apple: gains of 53.8 billion dollars but iPhone revenues are falling

For the fiscal fourth quarter, when Apple is expected to launch new iPhone models, the company forecast revenues of Dollars 61-64 billion, compared to USD 62.9 ...


Donald Trump imposing more tariffs on Chinese goods

Trump said China for far too long has been taking hundreds of billions from the USA and it is time for America to look out for its best interest. Our represen...


Impossible Burger will be in Burger Kings across the U.S. next week

Impossible Foods has been struggling to meet demand for the popular burger. The magic ingredient: Soy leghemoglobin, also called "heme", is found in the roo...


Trump imposes more tariffs on Chinese goods

Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer returned from talks with Chinese counterparts in Shangai this week without rep...


Regulators Dislike Facebook's Entry into Cryptocurrency Market, Calling "Libra" an AML Threat

It remains to be seen how the crypto market reacts to the latest installment of dramatic news from Facebook's Libra currency. U.S. Treasury Secretary S...


Passengers left shocked after flight attendant welcomes them from overhead cabin

One of the passengers, Veronica Lloyd, noticed the flight attendant in the overhead bin and caught the moment on video . A Southwest Airlines flight attend...


United Kingdom should seek reinsurance equivalence with European Union after Brexit, says LMG

And although businesses have already spent billions on contingency planning for no deal , they remain hampered by unclear advice, timelines, cost and complexit...


Equifax victims unlikely to get $125 due to 'overwhelming' response

The FTC is encouraging people who haven't submitted a claim yet to opt for free credit monitoring. This all stems from the 2017 breach that saw hackers extr...


Oil Prices Rises For 5th Day As Stockpiles Fall

Federal Reserve will lower borrowing costs for the first time in more than a decade. At 436.5 million barrels, US crude inventories, not including strategic ...


Asia stocks advance before Fed, fresh Brexit pain sinks pound

Anyway, about three quarters of market participants still expect a 0.25 percent rate cut on Wednesday. MSCI's broadest index of Asia-Pacific shares outside Ja...


Tesla just announced a giant new battery

It was based on the Tesla Powerpack batteries. In 2017, Tesla built and installed the world's largest lithium-ion battery in Hornsdale, South Australia. The ...


US Fed cuts interest rates as expected, leaves door open for more

Financial markets had widely expected the quarter-percentage-point rate cut , which lowered the Fed's benchmark overnight lending rate to its target range:...


Uber axes 400 jobs globally after posting $1-B Q1 loss

The company said the move is in tandem with its quest to cut down operational expenses after recording significant loss in its first quarter as public entity. "...


1 in 4 food app delivery drivers have tasted your food

According to a report from U.S. Foods that surfaced on Jalopnik , more than a quarter of delivery drivers say they have, at some point, tasted the food he or s...


Ryanair hit by air fare battle and Brexit uncertainty

The CEO added that Boeing's guidance as of Friday is that it will submit software fixes for the Max to regulators in October, an update that appears to be at ...


PSA threatens to shut down United Kingdom plant over Brexit

But Mr Tavares said: "We have an alternative to Ellesmere Port ". Tavares told the Financial Times on Monday: "Frankly I would prefer to put [the Astra mo...


U.S. stocks fall after Trump rips China on trade

Traders awaited signals on whether the US central bank will offer an insurance rate-cut to combat risks from ongoing trade tensions or is prepared to lower borr...