Money

Facebook sees biggest fall in corporate history as shares lose $120bn

Facebook sees biggest fall in corporate history as shares lose $120bn While the company did post a 42% year-over-year revenue growth this quarter, its management expects that Revenues will decline by high single-digits in both the third and fourth quarters, sequentially. Read the full story at Fox News . "I think many investors are having a hard time reconciling that deceleration", Brent Thill, an analyst at Jefferies LLC, told Facebook executives, asking for... [Full Article...]

Auto tariffs won’t be imposed on European Union: Wilbur Ross

Auto tariffs won’t be imposed on European Union: Wilbur Ross The Europeans are going to try to channel his appetite for trade war at China , which might actually be productive in certain ways, unlike the squabbles with American allies. The Trump administration has made LNG exports a priority, arguing that they help the economy and enhance geopolitical stability in countries that purchase US gas. [Full Article...]

$1 Million Mega Millions Ticket Sold In Plymouth

$1 Million Mega Millions Ticket Sold In Plymouth But on Tuesday, it wasn't just the jackpot victor who got lucky. The odds of winning both jackpots are one in 75 quadrillion - that's 15 zeros - according to data scientists at Allstate. The prize amount had surged by $10 million from $512m to $522m within a few hours on Tuesday. The jackpot was up to a whopping $522 million. If one $2 ticket has the winning combination, the prize will be ... [Full Article...]

EU Announce a Truce in Trade War

EU Announce a Truce in Trade War Trump tweeted earlier Tuesday that trade partners must either negotiate a fair deal or pay tariffs. Trump said they'll work to resolve the steel and aluminum tariff issues, calling it "a new phase in the relationship" between the US and the European Union , and "a very big day for free and fair trade". [Full Article...]

Putting Mark Zuckerberg's $16.8 billion wipeout into perspective

Putting Mark Zuckerberg's $16.8 billion wipeout into perspective Facebook's tally of second-quarter global daily active users, a key metric for tracking user engagement, rose 11% to 1.47 billion. But shares slumped 7 percent in after-hours exchanges after hitting record levels in official trading, with the quarterly report largely weaker than had been expected. [Full Article...]

Trade war bailout: Trump promises $12bn in emergency aid to United States farmers

Trade war bailout: Trump promises $12bn in emergency aid to United States farmers European Commission President Jean-Claude Juncker is due to meet with Trump on Wednesday after the USA threatened to impose tariffs on auto imports. The Commodity Credit Corporation has broad authority to make loans and direct payments to USA growers when prices for corn, soybeans , wheat and other agricultural goods are low. [Full Article...]

Tesla asks suppliers for money back on Model 3 parts

Tesla asks suppliers for money back on Model 3 parts Tesla has repeatedly said it will become profitable by the end of 2018, but has struggled amid production issues that have plagued its Fremont, California assembly line. It suggested that all Tesla suppliers were being asked to make partial refunds, but some of the companies that the WSJ talked to denied any knowledge of such a request. [Full Article...]

Trump willing to hit all Chinese goods with high tariffs

Trump willing to hit all Chinese goods with high tariffs China has warned that India is raising a very big risk and it is not going to get anything from a friendly attitude with the U.S., but it can increase Beijing's resentment and the efforts to increase exports to China may also be a shock is. [Full Article...]

India scraps controversial tax on sanitary pads

India scraps controversial tax on sanitary pads Over the last one year, the Council, chaired by Union Finance Minister and comprising state ministers, has slashed rates in 191 items. It is expected that the council will also decide on the revision of tax rates on vending machines and lithium-ion batteries among others. [Full Article...]

Microsoft surges to record high as Wall Street cheers the cloud

Microsoft surges to record high as Wall Street cheers the cloud Azure is gaining traction and is now sitting at 16% overall cloud market share versus Amazon Web Services which has around 32% based on recent market data. With cloud demand rising, Microsoft has also said it will continue to invest. Microsoft 365 is now a multibillion dollar business, according to Nadella. [Full Article...]

Trump Says He’s ‘Not Happy About’ Feds Raising Interest Rates

A weaker United States dollar leads to higher exports. Trump reiterated threats to impose tariffs on almost all Chinese imports to the USA in a CNBC interview broadcasted on Friday. In excerpts of an interview with U.S. television network CNBC aired Thursday, Trump said a strong dollar "puts us at a disadvantage", adding that the Chinese yuan "has been dropping like a rock". [Full Article...]

Tesla shares fall after Musk betrays his own advice

Tesla shares fall after Musk betrays his own advice But to understand why Musk said it, you need to watch Unsworth's news interview in which he called Musk's offers to help rescue the boys "a PR stunt ". In tweets that appear to have since been deleted, Musk said the submarine would have managed easily, as "you could literally have swum to Cave 5 with no gear". [Full Article...]

US industries fear worst is yet to come from Trump's tariffs

US industries fear worst is yet to come from Trump's tariffs Retaliatory measures "took effect immediately", said a Chinese foreign ministry spokesman, Lu Kang. The US is "opening fire" on the world with its threatened tariffs, China said yesterday, adding that it would respond the instant US measures go into effect as Beijing ramped up the rhetoric in a bitter trade dispute. [Full Article...]

Prime Day returns on July 16th, deals are starting now

Prime Day returns on July 16th, deals are starting now Prime Day 2018 will offer more than 1 million deals, and also include in-person discounts at Whole Foods , Amazon said. Prime Day is the one day (or more accurately, day and a half) of the year when Prime members get exclusive access to tons of deals sitewide. [Full Article...]

Should LeBron leave Cleveland for greener pastures?

Should LeBron leave Cleveland for greener pastures? His agency revealed he was heading for Los Angeles . "To be able to be a part of a championship team two years ago with the team that we had and in the fashion that we had is something I will always remember", James said after the Cavs' last loss of the finals . [Full Article...]

Elon Musk Hails Tesla Reaching Goal Of 5000 Model 3s A Week

Elon Musk Hails Tesla Reaching Goal Of 5000 Model 3s A Week For the first time , Model 3 production (28,578) exceeded combined Model S and X production (24,761), and we produced nearly three times the amount of Model 3s than we did in Q1. The company is spending cash at a hefty clip, which recently forced a 9% reduction in staff. Tesla's cash burn and debt load are among the reasons it's one of the most shorted stocks on Wall Street . [Full Article...]

Canada announces billions in retaliatory tariffs against US

Canada announces billions in retaliatory tariffs against US While there were calls to impose the retaliatory tariffs immediately, the government opted to hold off until July 1 and hold consultations on the retaliatory measures on an array of USA goods. Canadians are particularly anxious about auto tariffs because the industry is critical to Canada's economy. Ritchie says there will be an impact from both countries' imposition of tariffs but Canada will... [Full Article...]

Photo of Geoffrey the Giraffe leaving Toys "R" Us store goes viral

Photo of Geoffrey the Giraffe leaving Toys Several stores that have run out of stock closed, according to AOL . Her photo of Geoffrey the Giraffe leaving got the most attention, receiving almost 300,000 shares on Facebook. Even as stores enter their final days of the liquidation sale, toy expert Jim Silver, the founder and editor in chief of popular toy review website TTPM.com, isn't convinced that the Toys R Us story is over. [Full Article...]

Harley-Davidson moves some production out of U.S. after tariffs

Harley-Davidson moves some production out of U.S. after tariffs Harley plans to absorb much of the cost increase tied to the EU's tariffs because passing it on to dealers or customers would make an "immediate and lasting detrimental impact" on its business, it said in the filing. Harley-Davidson's warning is a huge blow for the Republican President, who says he is safeguarding jobs in the US's industrial hotspots. The Motorcycle maker announced that it... [Full Article...]

Online sellers consider how to comply with sales-tax ruling

Online sellers consider how to comply with sales-tax ruling The 5-4 Thursday decision in South Dakota v. Wayfair overturned a 1992 ruling that said retailers could only be required to collect sales taxes in states where the sellers had a physical presence. In any event, today's decision is a victory for bricks and mortar retailers who have built stores in Hawaii and have employed local residents. Because of the Commerce Clause of the US Constitution, ... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12  Next »