Money

US Federal Reserve cuts interest rate for second time this year

Louis Fed President James Bullard also dissented and preferred a heftier cut of 50 basis points. On Tuesday, the lending rate for short-term borrowing by bank...


WeWork takes a detour on the road to IPO

On Monday, the firm, which is backed by Japan's SoftBank Group , said: "The We Co.is looking forward to our upcoming IPO , which we expect to be completed by ...


Women's period tracking apps are sharing intimate data with Facebook

A Facebook spokesperson stated the platform requires app developers to be clear with users about the information they are sharing with Facebook and have a "la...


Recall Alert: Unbleached Flour Could Be Contaminated With E. Coli

The recall affects Gold Medal Unbleached All Purpose Flour with a best if used by date of 06SEP2020KC located on the package. There are no reports of illnes...


Dutch central bank boss denounces new ECB measures

Markets believe there is a near certainty the Fed will cut rates for a second time at its next meeting September 17-18. The European Central Bank has annou...


Tesla Model 3 Awarded 'Top Safety Pick+' by IIHS

Tesla's Model 3 premium/performance sedan has earned the Insurance Institute for Highway Safety's highest award, the Top Safety Pick Plus. To evaluate whet...


Elon Musk says 'pedo guy' tweet was not accusation

Mr Musk said on Monday that he did not intend to accuse the diver of pedophilia. "Mr. Musk testified that "pedo guy " was a common insult used in South Afr...


LSE Snub of HKEX Shows Doubts Over Hong Kong

The unsolicited takeover offer is not expected to succeed given a preference among LSE investors for the exchange to complete its $27bn proposed acquisition of ...


Global regulators to question FB's Libra amid EU concerns

Backing the ECB's plan to develop an alternative public cryptocurrency , France and Germany, the two most powerful nations in the European Union, have alread...


Apple is worth more than $1 trillion again

Specifically, analysts seem generally pleased by the low prices of Apple's new products and services. It launches on 12 November in select countries. A form...


What the attacks on Saudi Aramco mean for oil prices

A day after Secretary of State Mike Pompeo blamed Iran for the attack on Saudi oil facilities and argued there is "no evidence the attacks came from Yemen",...


China's slowdown deepens; industrial output growth falls to 17-year low

It was the slowest since February 2002. Fixed-asset investment, like real-estate, saw a 5.5 percent increase for the first eight months of the year, which is ...


Smile Cookies are back

Tim Hortons is on a sweet mission to raise money for local charities. In 2018 , the Smile Cookie campaign raised $7.8 million across Canada. In 2017, jus...


Oil prices spike after drone attack in Saudi Arabia

In London, prices for Brent, the global benchmark for crude oil, jumped $12 a barrel, the largest increase since the late 1980s. Oil prices, experts said , c...


Gas Prices Quickly Increase In Past Week

The average price of gasoline across South Central Ohio is 11 cents higher this week at $2.598 per gallon, according to AAA East Central's Gas Price Report. As ...


Apple embarks on EU court battle over 13-bn-euro tax bill

However, an appeal is likely, whatever the outcome, so there are probably several years of back and forth still to come. Based on the facts of this case, the pr...


Oil stocks jump up to 3.6% as crude prices cool

Asked in Los Angeles whether Rouhani will come to New York, Trump said, "I really don't know". US Secretary of State Mike Pompeo on Wednesday (Sept 18) deno...


'No guts, no vision!' Trump unhappy after Fed announces modest rate cut

Riley FBR, Inc in Fort Lauderdale, Florida. With job and wage growth solid, consumer spending has been strong since spring, and the latest data on industrial ...


Military action against Iran 'cannot be ruled out'

Meanwhile, U.S. President Donald Trump said Wednesday he is "substantially" increasing economic sanctions against Iran. On whether military action should ...


Oil slips as market assesses fallout from Saudi attack

In Riyadh, officials said the attack involved "Iranian weapons", but likewise fell short of directly accusing their regional arch-rival. Relations between...


Pakistan active to defuse US-Iran tension

Riyadh has so far refrained from directly blaming Iran for the attack , but has said it will "forcefully respond to these aggressions". On Tuesday, Iranian...


Oil Prices Jump Following Drone Attack On Saudi Oil Facility

Official Spokesperson of the UN Secretary General Stephane Dujarric said in a statement that the Secretary General condemns Saturday's attacks on two Aramco o...


It looks like Iran hit Saudi Arabian oil facilities

Tehran is not interested in dialogue with the USA and Washington's policy of maximum pressure on Iran will fail, the country's Supreme Leader has stated. Euro...


Drone Strikes Impact Saudi Oil Facilities

The attack in the Saudi Arabia , the world's top oil exporter, immediately wiped out half its production of ten million barrels a day, which experts said wou...


Trump offers support to Saudi crown prince for Kingdoms self-defense

Iraq is denying that its country was the site from where Yemeni-rebel drones were launched to attack Saudi oil installations. "Investigations are ongoing to d...


GM brake recall: GM recalls 3.4 million pickups, SUVs over braking problem

As the vehicles grow older, the pump may not produce sufficient vacuum power, which could increase the stopping distance, and increase the risk of a crash. Star...


U.S. oil imports down, exports up last week

The weaker outlook amid a US-China trade war and Brexit could press the case for OPEC and its allies to maintain or adjust their policy of cutting output. Add...


United States, China Grant Trade Concessions As Fresh Talks Loom

Both sides have so far held 12 rounds of talks, but failed to work out a deal as China continued to resist Trump's demand for intrusive verification mechanism t...


Uncertainty looms after dramatic changes in Saudi Energy Ministry

Saudi Arabia's new energy minister Prince Abdulaziz bin Salman has assured India that his country will remain a reliable supplier to the world's third-largest e...


What does Bolton's exit mean for United States policy on Israel and Iran?

Rouhani's website quoted him on Wednesday as further urging the United States to "abandon warmongering and its maximum pressure policy" on Iran. Secretary o...