Economy / 25

Amazon Prime Day 2019 Date and Kitchen Deals to Shop Now

June 27, 2019

In fact, Amazon already said that it's offering an early deal on the Toshiba HD 43-Inch Fire TV Edition Smart TV to whet your appetite. If you do find a good deal, buying from Target could be the better option if you need your purchase ASAP and have a store near you.

Sony, Nintendo, And Microsoft Write Joint Letter Opposing Trump Tariffs

June 27, 2019

The letter goes on to say: "While we appreciate the Administration's efforts to protect U.S. intellectual property and preserve U.S. high-tech leadership, the disproportionate harm caused by these tariffs to U.S. A study by the Consumer Technology Association cited in the letter found that "after accounting for new tariff revenue, the result is a net $350 million loss for the United States economy for each year the tariffs remain in effect, with the burden carried by USA consumers".

New bill takes aim at social media data goldmine

June 27, 2019

Putting a dollar figure on how much people's data is worth is unlikely to be straightforward for the companies involved and the bill could provoke opposition. "Is it you or the search engine or the edge provider that is providing the service?" They use personal information to craft marketing and advertising materials.

Suspected Chinese hackers attack global telecom providers

June 27, 2019

Under President Trump the USA has put Chinese cell provider Huawei on a blacklist , due to suspicions that the Chinese government uses the company's products to spy on the U.S. The identities of the 20 targeted individuals were not detailed in media reports , though according to TechCrunch , Cybereason said that some of the compromised individuals had hundreds of gigabytes of granular data .

US business spending appears to stabilise, goods trade gap widens

June 26, 2019

The report on durable goods, items expected to last at least three years, showed that excluding the volatile transportation category, orders would have risen a small 0.3 percent in May following a 0.1 percent dip in orders excluding transportation in April.

DJI to Assemble Drones in California Amid Security Concerns

June 26, 2019

Customs and Border Protection determines that the U.S. produced value of its drones will qualify under the U.S. Trade Agreements Act. The plant, DJI's first overseas drone assembly line, has completed trial production and is awaiting US regulatory approval, the company said Monday.

Trump Says Fed's Powell Needs To Lower Rates, Doing Bad Job

June 26, 2019

Powell said that the Fed's independence from direct political control had served the country well and when central banks do not have that protection "you see bad things happening". They contend that Powell can only be removed for malfeasance in office, not for a policy dispute. "It feels like there is a bit of a rotation in terms of what has been up in the run up to this weekend's event has started to fade and vice and versa", said Mark Taylor, sales trader at Mirabaud Securities in London.

Stocks set to rebound after Mnuchin spurs trade optimism

June 26, 2019

Though he declined to speculate on whether a trade deal would be reached by year's end, Mnuchin said an agreement was "about 90 percent of the way there". The formidable head winds from the trade war have challenged the Federal Reserve as it tries to evaluate the need for a possible rate cut. The Fed and the European Central Bank have indicated they are open to cutting interest rates if needed.

Boris Johnson breaks cover in United Kingdom leadership race

June 26, 2019

But after weeks spent avoiding media interviews, he has been accused of ducking scrutiny. Johnson has repeatedly insisted Britain should leave the bloc on the current deadline of October 31, even if it means walking away with no deal. "The difficulty is that the minute you say one thing you obviously are bringing people, your loved ones, your family, into the public domain in a way that is not fair", Johnson said .

Micron restarts chip shipments to Huawei

June 26, 2019

Chip industry powerhouses Intel and Micron have reportedly found ways to avoid labeling their processors as American-made by producing overseas. American companies may sell technology supporting current Huawei products until mid-August.

Trump attacks Federal Reserve again, wants interest rate cut

June 26, 2019

This difference about potential growth leads the Fed and the president to advocate for different monetary policy. To answer my initial question, yes, you should care a great deal if the Fed were to become less independent. Indeed, they after say they are aiming even higher. The Fed "doesn't know what it's doing", Trump said via Twitter on Monday morning. The Fed has historically raised interest rates when the economy is strong so as to keep pace with inflation.

US, Iran tension sends gold to six-year high

June 26, 2019

The U.S. gold futures jumped 1.3 percent to $1,436.20 an ounce. Precious metals like gold tend to attract buyers in a low interest-rate climate. Speculators are unwilling to believe this. Iran, for its part, has said that the door is closed to all diplomatic channels - and that means that insecurity continues to rise. "The main event this week will be the sidebar meeting between Trump and Xi, which could stop the current gold rally with a productive sit-down that ends up in a trade ...

Bitcoin Price Probes $11000 as Crypto Bulls Extend Their Run

June 26, 2019

The 55-day moving average of 4-hour will work as another support line now at $9,826.24. Brandt, who is supposed to be a veteran trader was in the news for terming Bitcoin's big slump in January of 2018, has now taken aback from his previous stance and calls BTC is likely to shoot up for $100,000 mark.

Bombardier sells CRJ jet program to Mitsubishi for $550 mil

June 26, 2019

It is unclear what will happen to Bombardier's 1,600 CRJ workers, 40 per cent of whom work in Canada. He could not comment on CRJ production workers. "Given the current ramp up of the Global 7500 and the A220 programs, we are confident that we will be able to retain these employees in the Quebec aerospace industry beyond 2020", Bombardier spokesman Simon Letendre said in an email .

BMW's electric dreams and New Look's disappointing performance

June 26, 2019

We are totally hopeful that, the BMW Evolution scooter will be getting an elder brother in coming months or certainly by the end of this year. When asked why the target was moved forward two years, BMW's head of development Klaus Fröhlich said "the decision to pull forward the production dates is simply driven by customer demand growing faster than expected".

U.S. seeks funds for peace plan but details vague and Palestinians unhappy

June 26, 2019

That plan calls for a Palestinian state drawn along borders which predate Israel's capture of territory in the 1967 Middle East war, with its capital in East Jerusalem and refugees' right of return - points rejected by Israel. "CMEP believes a political solution that grants the Palestinian people their full freedom and right to self-determination is a necessary prerequisite to economic prosperity".

RBNZ places country's largest bank under scrutiny

June 26, 2019

New Zealand's banks have committed to ending sales incentives for frontline staff and their managers following pressure from regulators. . The deposit insurance scheme may allow the RBNZ to step back from some of its more extreme proposals, but it is also something of a rebuke to the RBNZ's laissez-faire approach of more than a decade.

Senior Fed officials weigh in on potential rate cut

June 26, 2019

Louis Fed chief James Bullard and the Minneapolis Fed's Neel Kashkari. The Dow Jones Industrial Average rose 13 points, or less than 0.1%, to 26,740, while the S&P 500 was down less than a point at 2,944. He pointed in particular to the near-collapse of US-China trade talks last month. Tyson Foods Inc and Pilgrims Pride Corp dipped 1.1% and 1.3%, respectively, after the U.S.

AbbVie to buy Botox maker Allergan in $63 billion deal

June 26, 2019

AbbVie said Tuesday it will pay $120.30 in cash and a portion of its stock for each Allergan share. AbbVie Chairman and CEO Richard Gonzalez told analysts Tuesday that the deal essentially involves Humira "buying the assets that replace it over the long term".

USA billionaires call for new 'wealth tax' to fight climate change

June 25, 2019

Some of America's richest people are urging United States presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change. Still, raising taxes on the super-wealthy is a popular policy. That policy would only affect those worth $US50 million or more. The ultra-rich Americans signed a letter addressed to all 2020 presidential candidates that was published on Monday .

Prime Day 2019 - Big deals for Amazon Prime subscribers

June 25, 2019

Prime Day will be available to those in U.S., U.K., Spain, Singapore, Netherlands, Mexico, Luxembourg, Japan, Italy, India, Germany, France, China, Canada, Belgium, Austria, Australia, and this year Amazon is rolling it out for the first time in United Arab Emirates.

Zimbabwe abolishes multi-currency trade, RTGS dollar now sole legal tender

June 25, 2019

David Coltart, the treasurer general of the opposition Movement for Democratic Change said: "This is sheer, unadulterated madness". Last week the International Monetary Fund said the central bank should quickly allow the RTGS to float freely so that exporters could sell dollars at the interbank rate rather than surrender them to the central bank.

Canopy Growth Corporation (CGC) Analysts See $-0.17 EPS

June 25, 2019

According to analysts, the company expects losses of up to $95.2 million CAD or $0.25 per share, which is more than last year's loss of $61.5 million CAD or $0.31 per share. However, this was offset by a record-low gross margin of 16 per cent, and a wider loss, she said in a note to clients. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of -25.19 and a beta of 4.13.

FedEx refuses to deliver a Huawei phone to the US

June 25, 2019

The protracted battle between the United States and China ramped up Monday - not over a new slate of tariffs or political jousting, but over a FedEx package. In this photo taken on 27 May 2019, a Huawei logo is displayed at a retail store in Beijing. China's foreign ministry on Monday nevertheless asked for a full explanation.

USA sanctions target Iranian Supreme Leader Ayatollah Khamenei

June 24, 2019

Concern about a potential armed confrontation between Iran and the USA has been growing since US officials recently blamed Tehran for mine attacks on two oil tankers in the Strait of Hormuz, allegations Tehran denies, and Iran's shoot-down of a US drone last week.

Trump Targets Iran's Supreme Leader With Financial Sanctions

June 24, 2019

Iran said on Monday U.S. cyber attacks on its military had failed, as Washington sought to rally support in the Middle East and Europe for a hardline stance that has brought it to the verge of conflict with its longtime foe. President Donald Trump has called on other countries to step up in contributing to the defense of worldwide assets in the strategic, tense waters of the Strait of Hormuz, just as his top diplomat visited Saudi Arabia to discuss joint security efforts and potentially ...

Woman fell asleep on flight, woke up in darkness hours after landing

June 24, 2019

Noel-Dale added that she and O'Brien were declining to comment further on the incident, citing advice from a lawyer. Ms Adams said on Facebook that she woke up "around midnight [a few hours after the flight landed] freezing cold still trapped in my seat in complete darkness".

Eldorado buys Caesars in $17B mega casino deal

June 24, 2019

It will also assume Caesars' debt. To acquire the venerable Caesars name and properties, Eldorado will part with $7.2 billion in cash and around 77 million in stock shares. "While I criticized the Caesars Board when I took a major position several months ago, I would now like to do something that I rarely do, which is to praise a board of directors for acting responsibly and decisively in negotiating and approving this transformational transaction", Icahn said in a statement.

Raspberry Pi 4 Launches With More Power and Options Than Ever Before

June 24, 2019

In the connectivity department, the Pi 4 comes with Bluetooth 5.0 support instead of the older 4.2 version on its predecessor. Full kits, custom cases and so on are also available. The Raspberry Pi 4, the first of a new generation of single-board computers from the company, is the first to change that. Note, though, that the board has a pair of micro-HDMI ports , rather than the previous full-size connector, so you'll need to buy an adapter to use a standard HDMI cable - fortunately that ...

Raspberry Pi 4 Launches for $35

June 24, 2019

An optional "Desktop Kit" will bundle a mouse, keyboard, SD card, power supply, case and cables. There is no equivalent Model A yet, as there is with the Raspberry Pi 3 . "The vision behind Raspberry Pi 4 is to make a rich multimedia PC experience accessible to everyone", Upton said. The claim of a complete desktop computer comes from the fact the tiny board can now handle "super-fast file sharing to multi-tab web browsing and sophisticated video and photo editing".

RBI's deputy governor Viral Acharya quits six months before his term ends

June 24, 2019

RBI's Deputy Governor NS Vishwanathan, whose term is due to end in the first week of July is likely to stay back for another two-year term, the news report said. "Dr. Acharya's departure is not a complete surprise, as frictions between him and the government on issues related to central bank independence had come to the fore", Nomura economists Sonal Varma and Aurodeep Nandi wrote in a note.

USA unveils economic portion of Middle East peace plan

June 23, 2019

Representatives from both the Palestine Liberation Organization (PLO) and Hamas rejected senior White House advisor - and US President Donald Trump's son-in-law - Jared Kushner's peace plan , even though only the economic part of the plan was revealed Saturday.

Ex-Barclays CEO John Varley cleared in case over Qatar fundraising

June 23, 2019

The SFO accuses them of secretly paying £322m to secure investments from Qatar during the financial crisis. Former Barclays CEO John Varley arrives at Southwark Crown Court in London, Britain, January 23, 2019. Fraud charges against a former chief executive of British banking giant Barclays have been dropped, but three co-defendants will face a retrial following an appeal, a court heard today.

Canada approves contentious oil pipeline expansion, expects legal challenges

June 23, 2019

Prime Minister Justin Trudeau announced on Tuesday that the controversial pipeline expansion project would go on, after it was halted a year ago by a Federal Court of Appeal ruling. The anti-pipeline political parties that want to take over this country will also be making some anti-pipeline points wherever they can. They already agitated environmentalists when they chose to green light Trans-Mountain (along with Enbridge's Line 3 replacement), and further aggravated them (and others) by ...

Markets Right Now: Weeklong stock market rally fizzles out

June 23, 2019

A weeklong rally on the stock market is fizzling out as major USA indexes wobble between small gains and losses. Though the Fed board wrapped up meetings this week without announcing a rate cut, they indicated a willingness to do more to shore up the economy against any slowdowns tied to the trade war.

Woman terrified after 'waking up alone on dark plane'

June 23, 2019

In a post by Deanna Noel-Dale, on behalf of her friend Tiffani Adams, on Air Canada's Facebook page, the passenger recalled flying back from "one of the best weekends I've ever had" and waking up in the plane still strapped to her seat.

Mitsubishi Motors shareholders approve ousting of Ghosn

June 23, 2019

The agreement with Waymo does not include operation of such services, but a Renault-Nissan alliance executive said it wasn't excluded that the USA company could take a stake in these firms. But Renault will not be represented on a new committee on pay - possibly reflecting longstanding rancour in Japan over Ghosn's high pay compared to most Japanese CEOs.

Gold Near 6-Year High on Fed Stimulus Hints

June 23, 2019

The yield curve remains inverted - a phenomenon in which yields of higher maturity debt counterintuitively trade below that of lower maturity security - when three-month bills are compared with two, five, and ten-year notes. Spot gold rose 0.3% to $1,391.84 per ounce as of 11:09 a.m. EDT (1509 GMT). Gold tends to go higher during periods of instability. Fed Chair Jerome Powell said at a post meeting news conference that "many participants now see the case for somewhat more ...

FTC Said To Investigate YouTube Over Child Privacy Concerns

June 23, 2019

Another proposal is to disable the Autoplay option on kids content, limiting the chance for minors to stumble upon an inappropriate video. The Washington Post reports that the FTC kickstarted the investigation after multiple complaints were filed by various corporate watchdogs and consumer groups.

Kia to open pre-launch bookings for Seltos in July 2019

June 23, 2019

It looks like the first part of the TVC and there will be more such TVC featuring the young Tiger Shroff closer to the launch. Will rival Hyundai Creta , Renault Duster and more. The upcoming Seltos SUV will be available with three new BS6 engines and a variety of transmission options. The 1.5-litre petrol will get a CVT, the 1.5-litre diesel a 6-speed torque convertor automatic and the 1.4-litre turbo-petrol a 7-speed dual-clutch transmission.

Donald Trump releases $50B plan to boost Palestinian economy

June 23, 2019

Unlike the US -funded Marshall Plan , however, the latest initiative would be championed by regional investment. US President Donald Trump's senior adviser and son-in-law Jared Kushner , right, meets with Prime Minister Benjamin Netanyahu at the Prime Minister's Office in Jerusalem, on June 22, 2018.

Diner Stunned When Living Thing Falls on Her Plate

June 23, 2019

Alisha Norman, the diner who is orignially from Texas , posted the pictures of the rat lying on her menu later on. "We're having adult beverages", Norman said, "and we hadn't even ordered yet". "The center where the restaurant is located is undergoing significant construction and we are confident it was directly related", the statement read.

Desjardins, Canada's largest credit union, announces security breach

June 23, 2019

Passwords, security questions, and personal identification numbers were not compromised, according to the report. Desjardins Chief Operating Officer Denis Berthiaume said no increase in fraud has been detected following the leak. Desjardins is assuring its members and clients that it has hired experts and is working closely with police to "protect its members' and clients' person information, accounts, and assets".

High Levels Of Arsenic Found In Two Bottled Water Brands

June 22, 2019

However, it appears that the state law ( pdf ) specifies safe levels of arsenic ingestion for consumers at 10 micrograms per day. Starkey is sold at Whole Foods, while Peñafiel is sold at Walmart, Target, and other vendors. Peñafiel and Starkey were found to contain the high arsenic levels. Earlier this year, Consumer Reports found potentially harmful levels of metals including arsenic in fruit juices.

DQ's Kicking Off Summer with Free Ice Cream

June 22, 2019

With the summer solstice in full effect, we've got our shades on and we're heading to the nearest Dairy Queen . - The first day of summer is nearly here and to celebrate the Summer Solstice, Dairy Queen is offering free cones. Then, you'll be able to combine a coupon for a free cone with any purchase. If you haven't heard the buzz about the Dreamsicle cone , it starts off as a regular vanilla cone, then gets dipped in a luscious orange candy coating.

KFC is Rolling Out a New Cheetos Chicken Sandwich

June 22, 2019

The culinary hellmouth has opened, and KFC and Cheetos have given birth to a Cheetos sandwich . "For years, people have been creating their own versions of a Cheetos-fied sandwich at home", KFC said in an official statement. "The sauce isn't too heavy and has just enough flavor from the Cheetos that it doesn't overpower the entire sandwich", one editor noted. "I weirdly could eat a few of these", another added, reminiscing on how it reminded them of a sandwich they used to eat in college.

BoE's MPC votes unanimously to maintain bank rate at 0.75%

June 22, 2019

Analysts do not expect a rise in British interest rates any time soon, also owing to falling United Kingdom annual inflation and against a background of dovish tones from the Federal Reserve and European Central Bank in recent days on their outlooks for USA and eurozone borrowing costs.

Google Maps reportedly has millions of fake business listings

June 22, 2019

Out of the 20, only two of the businesses were real and followed Google's guidelines offering a physical location open to customers. Google has just announced a new set of features for business owners that will allow them to give Maps users an incentive to follow and, eventually, buy from them.

Adidas three-stripe trademark invalid — European Union court

June 22, 2019

But legal experts believe it will be harder now for the brand to effectively fight rivals who put similar patterns on their shoes, shirts and sportswear offerings. Adidas said it was disappointed by the call, which had its roots in a legal challenge by a Belgian shoe company that failed to secure trademark status for a similarly simple two-stripe design past year.

Fed official says low inflation, slow growth justify USA rate cut

June 22, 2019

The report does however caution that while Trump is considering demoting Powell, an announcement isn't imminent. "If investors believed Powell's position is in jeopardy, equity markets would have sold off hard", says Noonan. The 2020 median Fed funds forecast now includes a 25bpts cut; a typically conservative projection for a central bank. "In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the ...

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