Finance

Rupee weakens further, hits fresh low to 72.64 against United States dollars

Rupee weakens further, hits fresh low to 72.64 against United States dollars

The rupee on Monday dropped to a record low of Rs 72.49 against the dollar as the United States currency strengthened over positive jobs data. Currency dealers said the central bank is not interveni...

by · Finance
Ford says it's still making hatchback overseas despite President Trump's tweet

Ford says it's still making hatchback overseas despite President Trump's tweet

Tweeting on Sunday, the president quoted a CNBC report that Ford would no longer be selling its Chinese-build Focus Active in the United States, adding: "This is just the beginning". Apple didn't...

by · Finance

IPhones may rise 20%, if Apple gives in to Trump’s pressure

Apple may "fractionally" increase production in the US over the next decade or so, he continued, but he nevertheless expects the USA share of Apple's manufacturing to remain small, at less than 10 per...

by · Finance

Top White House economist fact-checks Trump on GDP claim

Trump has attacked journalist Bob Woodward as a "liar" following releases from his new book, 'Fear, ' which depicts utter chaos inside the White House. "Well, how exactly are you going to do that?" ...

by · Finance
Congress appeals party workers to ensure violence-free Bharat bandh

Congress appeals party workers to ensure violence-free Bharat bandh

Among the 29 Indian states and the union territory of Delhi , Kerala has the ninth highest sales tax and other state levies on petrol at 30.37 per cent; it is highest in Mumbai at 39.12 per cent (dow...

by · Finance

Apple says tariffs on Chinese goods will raise prices for USA consumers

However, a Ford spokesman Mike Levine indicated that there isn't a good a business case to build the low-margin, niche model in the U.S. It's a recurring threat Apple Chief Executive Tim Cook has ...

by · Finance
China vows to respond if U.S. takes new steps on trade

China vows to respond if U.S. takes new steps on trade

Trump took to Twitter Sunday to declare victory and write: "This is just the beginning". In a public letter to the government, Apple highlighted how the latest $200 billion worth of tariffs would ...

by · Finance

Markets hit by fresh trade fears after Trump comments

The currency fell 1.3 percent on Friday and was last at Dollars 0.7112. "You are back to the highly politically charged question - is this currency manipulation or not?" "The days of the USA being...

by · Finance
Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh

Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh

The main opposition party Congress has asked the Centre to cut down excise duty on fuel, as was done by previous governments to keep prices in check each time oil prices surged globally. The continu...

by · Finance
City Council signs off on one-year pilot program for e-scooters

City Council signs off on one-year pilot program for e-scooters

Lime issued a observation announcing it "welcomes the Los Angeles Metropolis Council's approval ... of new guidelines allowing corporations to present enhanced mobility alternate strategies for the m...

by · Finance
Alibaba founder Jack Ma to step down as chairman in September 2019

Alibaba founder Jack Ma to step down as chairman in September 2019

Mr Ma, one of China's richest men, will hand over the reins to Daniel Zhang , now Alibaba's chief executive. "While remaining as executive chairman in the next 12 months, I will work closely with D...

by · Finance
China's trade surplus with US hits record $31 billion

China's trade surplus with US hits record $31 billion

The number missed analysts' forecasts that shipments from the world's largest exporter would rise 10.1 percent, slowing only slightly from 12.2 percent in July. While the President often brags about h...

by · Finance
Tesla Stock Is Tanking After Elon Musk Lost a Top Executive

Tesla Stock Is Tanking After Elon Musk Lost a Top Executive

Speaking of the what lies ahead, Musk said being forever constrained to Earth would not be a good future. At one point, Musk described the constant barrage of ideas in his mind as being "like ...

by · Finance
Region's unemployment rate down slightly

Region's unemployment rate down slightly

P.E.I. saw a modest decrease in its unemployment rate last month, bucking a national trend. The province's economy shed 1,100 jobs in August and the unemployment rate increased from 7.5 per cent...

by · Finance
CBS chief Les Moonves to step down amid new sexual assault claims

CBS chief Les Moonves to step down amid new sexual assault claims

CNN reports that official word on Moonves' departure from CBS is expected by Monday. CBS and National Amusements declined to comment. CBS will donate a portion of Moonves's exit settlemen...

by · Finance
Jobless rate rises in August, StatsCan reports

Jobless rate rises in August, StatsCan reports

The agency said in its Labour Force Survey for August 2018 a number of factors came into play as the national economy shed 92,000 part-time jobs. The loss of jobs almost wiped out the gains made a...

by · Finance
Obama Uses 'Nazis' To Attack Trump. Ambassador Grenell Wrecks Him

Obama Uses 'Nazis' To Attack Trump. Ambassador Grenell Wrecks Him

With the adulation lavished on Obama's speech in IL on Friday, where he repeatedly took shots at Trump, saying Trump's Twitter feed is nothing more than an "electronic versions of bread and circuses",...

by · Finance

Petrol, Diesel Prices Hiked Further. Check Out Today's Fuel Rates

And the West Bengal Congress termed the ruling TMC's stand on the September 10 bandh "self-contradictory" and blamed it for compounding the problem of rising fuel prices by imposing Value-Added Tax ...

by · Finance
Ofgem announces energy price cap plan

Ofgem announces energy price cap plan

SSE chief Alistair Phillips-Davies said the plan would "require the most careful scrutiny in the coming weeks". "In total, the price cap would save consumers around 1 billion pounds". Nevertheless, ...

by · Finance
Bitcoin falls off another cliff as cryptocurrency slump deepens

Bitcoin falls off another cliff as cryptocurrency slump deepens

Another reason for the fall of Bitcoin has been the repeated rejections of the Securities and Exchange Commission of the Exchange Traded Fund of Bitcoin. Since or rather along side the Business I...

by · Finance
Ford recalls 2 million newer F-150 pickups for fire risk

Ford recalls 2 million newer F-150 pickups for fire risk

Ford says some seat-belt pretensioners can generate excessive sparks when they tighten before a crash. According to the automaker, they have had 23 reports in Canada and the US of smoke or fir...

by · Finance
Starbucks does Italian job with new Milan branch

Starbucks does Italian job with new Milan branch

Now Starbucks is hoping clients will visit its new store , the Reserve Roastery , to watch beans being roasted, sip coffee or enjoy cocktails at a mezzanine-level bar in a cavernous former post of...

by · Finance
Trump warns of tariffs on another $267 billion of Chinese imports

Trump warns of tariffs on another $267 billion of Chinese imports

Trump told reporters about the tariffs on Friday while returning to Washington DC from Montana, where he held a campaign-style rally Thursday night. But Beijing will struggle to keep responding in k...

by · Finance

Musk Smokes Pot, Waxes Poetic as More Execs Leave

While a few media outlets attributed the weakness in Tesla shares Friday to the smoke session, the stock would soon see more significant headline risk. Not everyone looking at Tesla Inc .'s implosi...

by · Finance
London Fashion Week says farewell to fur

London Fashion Week says farewell to fur

It said Thursday it plans to expand efforts to "re-use, repair, donate or recycle unsaleable products". "We are committed to applying the same creativity to all parts of Burberry as we do to our produ...

by · Finance
Canada's trade deficit shrinks in July

Canada's trade deficit shrinks in July

The July trade deficit unexpectedly shrank to $0.1 billion from $0.7 billion in June. OTTAWA-Canada posted its biggest trade surplus with the U.S.in almost a decade for July due to higher prices for...

by · Finance
Texas Students Hang Poster of Themselves in Local McDonald's, Where It Remains

Texas Students Hang Poster of Themselves in Local McDonald's, Where It Remains

But getting the poster into the McDonald's and on the wall took some planning and chicanery, which began with a trip to a local thrift store. Maravilla and his friend Christian Toledo cooked up a pl...

by · Finance

Trump threatens tariffs on all imports from China

U.S. stocks erased gains after Trump's remarks, with the S&P 500 Index falling by 0.3 percent to the lowest in two weeks by 1:26 p.m.in NY. If the administration moved ahead, it would more than co...

by · Finance
Barack Obama encourages people to vote:

Barack Obama encourages people to vote: "This is not Coachella"

Former president Barack Obama encouraged voters to hit the polls this November, saying during a speech at University of IL at Urbana-Champaign on Friday that "this moment in our country is too per...

by · Finance
U.S. Economy Created 201,000 Jobs in August, Wage Growth Hits 2.9%

U.S. Economy Created 201,000 Jobs in August, Wage Growth Hits 2.9%

August's job gains were driven by professional and business services as well as health care and wholesale trade. There were also gains in transportation and healthcare employment. The government impos...

by · Finance
China ready to retaliate if USA imposes tariffs

China ready to retaliate if USA imposes tariffs

In the study, the media analysis source reports that the industries affected by the Trump administration's tariffs are, for the most part, centered in rural and majority-red states, which are host to ...

by · Finance
Bernie Sanders’ ‘Stop BEZOS’ Bill Targets Worker Pay At Amazon, Walmart

Bernie Sanders’ ‘Stop BEZOS’ Bill Targets Worker Pay At Amazon, Walmart

Let us be very clear: "We believe that the government has a moral responsibility to provide for the vulnerable-the children, the elderly, the sick, and the disabled", Sanders said in a statement . Sa...

by · Finance
Petrol price touches nearly Rs 80/litre in Delhi

Petrol price touches nearly Rs 80/litre in Delhi

Petrol was being sold at Rs 79.51 per litre, while diesel prices reached Rs 71.55 per litre in Delhi. The prices of a litre of diesel are Rs 72.07 in Delhi, Rs 74.92 in Kolkata, Rs 76.51 in Mum...

by · Finance
Goldman drops bitcoin trading plans for now

Goldman drops bitcoin trading plans for now

After yesterday's step falls in the price of Bitcoin that bought it down from just under $7,400 to around the $7,000 mark, trading overnight saw an even bigger steep drop. As a result, any bank look...

by · Finance
NAFTA talks resume in Washington with Oct. 1 deadline looming

NAFTA talks resume in Washington with Oct. 1 deadline looming

Now President Trump is seeking to rewrite NAFTA - and if it can't be revamped to his satisfaction, then scuttle it altogether. It was later amended during the original NAFTA negotiations. On August ...

by · Finance

Goldman Sachs Bitcoin Pullback Triggers Cryptocurrency Bloodbath

In recent weeks, executives have come to the conclusion that many steps still need to be taken, majority outside the bank's control, before a regulated bank would be allowed to trade cryptocurrencies,...

by · Finance
China 'will retaliate' if United States imposes new tariffs on $200bn of goods

China 'will retaliate' if United States imposes new tariffs on $200bn of goods

The Trump administration is poised to impose 25 percent penalties this week on $200 billion of Chinese goods in an escalation of their fight over USA complaints that Beijing steals or pressures comp...

by · Finance
Mercedes-Benz EQC, 2020 Genesis G80, Volvo self-driving vehicle

Mercedes-Benz EQC, 2020 Genesis G80, Volvo self-driving vehicle

Other models in the EQ range will be revealed later, Mercedes has not yet announced pricing for the new model but it will go on sale in the United States in 2020. It will be closely followed by simila...

by · Finance
Stay away from Kellogg’s Honey Smacks cereal at all costs, warns CDC

Stay away from Kellogg’s Honey Smacks cereal at all costs, warns CDC

Illnesses in this outbreak started on dates ranging from March 3 to August 7, the CDC said, adding that the investigation is still ongoing. The cereal in question has a "BEST if Used By Date" of Jun...

by · Finance
Elon Musk in new rant at Thai cave rescuer

Elon Musk in new rant at Thai cave rescuer

Musk called Unsworth a "single white guy from England who's been travelling to or living in Thailand for 30 to 40 years", alleging that he had moved to Chiang Rai "for a child bride who was about 12...

by · Finance