Money

USA places tech tariff on China, but smartphones are not affected

USA places tech tariff on China, but smartphones are not affected China said additional tariffs on 114 more USA items, covering chemical products, medical equipment and energy, will be announced later. "We must take strong defensive actions to protect America's leadership in technology and innovation against the unprecedented threat posed by China's theft of our intellectual property , the forced transfer of American technology and its cyberattacks on our... [Full Article...]

Euro suffers losses after European Central Bank bond-buying decision

Euro suffers losses after European Central Bank bond-buying decision Asian shares wobbled on Friday as investors braced for United States tariffs against China , while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump was planning to meet with trade advisers later to decide whether to activate the tariffs, a senior administration official said on W... [Full Article...]

Elon Musk’s Boring Company will build high-speed Chicago train

Elon Musk’s Boring Company will build high-speed Chicago train This undated artist's rendering provided by The Boring Company , shows part of a proposed high-speed underground transportation system that will transport passengers from downtown Chicago to O'Hare International Airport. The project will be entirely privately financed, Musk's company said. It received permits to start digging in Washington, DC , and in Los Angeles . [Full Article...]

AT&T’s Acquisition of Time Warner is a Done Deal

AT&T’s Acquisition of Time Warner is a Done Deal On Tuesday, US District Judge Richard Leon ruled against the government's attempt to block the megamerger on anti-competitive grounds. The DOJ had sued in November against the vertical merger, which involved two companies that don't directly compete with each other. [Full Article...]

Amazon expands Whole Foods Market discounts for Prime members

Amazon expands Whole Foods Market discounts for Prime members Gallo, President and Chief Operating Officer at Whole Foods Market. The perks program includes an extra 10% off sale items and rotating deals for members of Amazon's $119-a-year Prime membership. Prime Members should be aware, however, that in order to access these deals, they'll need to link their Prime account to the Whole Foods mobile app. [Full Article...]

AT&T, Time Warner Merger Cleared

AT&T, Time Warner Merger Cleared Speaking after the ruling, AT&T's chief lawyer, Daniel Petrocelli, sidestepped many questions about potential political interference . The combined company would have a library that includes HBO's hit Game of Thrones and channels like CNN, along with vast distribution reach through wireless and satellite television services across the country. [Full Article...]

Domino's fixes roads in move to "save" pizza

Domino's fixes roads in move to Domino's is fixing potholes across the US to stop its pizza from getting ruined on the ride home. "Have you ever hit a pothole and instantly cringed?" said Russell Weiner, president of Domino's USA. The pizza chain has more than 14,800 stores in more than 85 markets. Of course, Domino's does paint its logo on every fix after it is completed. Customers can nominate their cities on the Domino'... [Full Article...]

The internet trolls IHOP after name change

The internet trolls IHOP after name change After a week of speculation, well-known breakfast joint IHOP announced it's changing its name to IHOb , with the "b" standing for "burgers". Known previously as IHOP , the International House of Pancakes , has changed its name to IHOB . [Full Article...]

Pompeo says United States is willing to 'make security assurances' to North Korea

Pompeo says United States is willing to 'make security assurances' to North Korea Kim Jong Un will undoubtedly get a sense of all that as he arrives. The short answer is nobody knows for sure. White House spokeswoman Sarah Sanders said United States and North Korean officials would hold working-level talks on Monday. [Full Article...]

Donald Trump: Kim Jong-un summit success likely decided 'in first minute'

Donald Trump: Kim Jong-un summit success likely decided 'in first minute' It will certainly be an exciting day and I know that Kim Jong-un will work very hard to do something that has rarely been done before, create peace and great prosperity for his land. "We appreciate everything what is going on". In my meetings with North Korea's foreign ministry, its officials have repeatedly emphasized that only a leader-to-leader dialogue could break the nuclear impasse. [Full Article...]

France, Canada warn Trump on trade war

France, Canada warn Trump on trade war But before leaving Washington , he made clear that he too has no intention of backing down on his plan to rebalance trade by imposing tariffs on steel, aluminum and other goods imported from U.S. She was not named among world leaders due to sit with the USA president. Mr Altmaier also underlined the importance of European unity on free trade and economic interests, especially since domestic deb... [Full Article...]

Microsoft Just Dumped a Data Center Into the Ocean

Microsoft Just Dumped a Data Center Into the Ocean Engineers slide racks of Microsoft servers and associated cooling system infrastructure into Project Natick's Northern Isles datacenter at a Naval Group facility in Brest, France. "Our vessel is powered by a combination of solar power, wind power, and offshore tidal and wave energy", says Ben Cutler, the project's manager. In phase two, which kicks off today, the company has fit 864 servers ... [Full Article...]

China’s ZTE will pay $1B fine in deal with US

China’s ZTE will pay $1B fine in deal with US Washington lawmakers were indignant last month after Trump offered to rescue ZTE as a personal favor to Chinese President Xi Jinping - even though the company is widely considered a liability for United States national cyber-security. That ban had effectively put ZTE out of business. The gear maker pleaded guilty a year ago in federal court in Texas for conspiring to violate USA sanctions to Ira... [Full Article...]

"Didn't Canada Burn Down White House?" Donald Trump To Justin Trudeau

That move unleashed fury in the Group of Seven (G7) industrialized nations and prompted quick retaliation from Canada and Mexico and a promise from the European Union to do so as well, unnerving investors who fear a trade war that could derail the global economy. [Full Article...]

China warns USA sanctions will void trade talks

China warns USA sanctions will void trade talks At the talks in Beijing this weekend, "the two sides had good exchanges of views on implementing the consensus reached in Washington, particularly in the areas of agriculture and energy", Xinhua reported. In the United States, tariffs - also called duties or levies - are collected by Customs and Border Protection agents at 328 ports of entry across the country. [Full Article...]

Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased

Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased WTI's discount to Brent widened to as much as $11.57 a barrel, largest since 2015, before narrowing to $10.76 a barrel as both grades retreated. Still, the incentive to export means the EIA report also showed a surprise decline of 3.62 million barrels in nationwide inventories. [Full Article...]

Trump Breaks Protocol, Sends Market Signal on Jobs Report Before Data Released

Trump Breaks Protocol, Sends Market Signal on Jobs Report Before Data Released The unemployment rate dipped to 3.8 percent - the lowest level in 18 years. When the report was officially released, the jobs market showed a strong growth. At least one close observer of US financial markets viewed Trump's tweet as unusual. But we shouldn't say it's par for the course, either. Viewing the tweet as unusual, Hunsader retweeted it. [Full Article...]

Where to get free doughnuts and deals on National Doughnut Day

Where to get free doughnuts and deals on National Doughnut Day Mr. Ronnie's will be offering a dozen glazed or mixed doughnuts for $8 Friday. Here are the best places to get free donuts for National Donut Day . Dunkin' Donuts: Dunkin' Donuts locations are offering free doughnuts with drink purchases. If that isn't enough doughnut to fill your pastry needs tomorrow, CityWalk is also home to Sparky's Mini Donuts, where guests can "watch donuts made fres... [Full Article...]

Tesla Model 3 brake update wows as test complaint fixed

Tesla Model 3 brake update wows as test complaint fixed Bloomberg estimates the company is churning out 1,489 Model 3's per week - less than half Tesla's goal of 5,000 per week. In retesting after the software update was downloaded, the Model 3 sedan stopped in 133 feet from 60 miles per hour, an improvement of 19 feet. [Full Article...]

Crude Continues to Fall as End of OPEC Oil Deal Moves Closer

Crude Continues to Fall as End of OPEC Oil Deal Moves Closer Venezuela is now producing just 1.4 million barrels a day, down from 3 million barrels a day just a few years ago, while UBS AG Wealth Management forecasts a drop of about half a million barrels day from Iran . Saudi minister Khalid Al-Falih, who's been organizing meetings with major customers and producers discussing the Saudi commitment to stabilizing oil markets, is reportedly meeting his K... [Full Article...]


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