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Business

Chiyo Miyako , who was known to her family members as " the goddess ", died Sunday , said officials in Kanagawa prefecture, south of Tokyo . She died in April. The world's oldest man, who just turned 113, has shared his secret formula to longevity: eating candies, and occasionally taking a soak in a hot spring.
  • Twitter Shares Plunge 16% After User Numbers Slip

    Twitter Shares Plunge 16% After User Numbers Slip

    Business

    Twitter said it also expected user declines in the current quarter which would likely be in the "mid-single-digit millions". Twitter's share price dropped almost 20 percent after the earnings report , matching a similar decline in Facebook's stock after its earnings report showed challenges ahead, partly a result of confronting toxic elements, too.
  • Oil prices spike as Saudi Arabia halts shipments after attack

    Business

    The Iranian backed Houthi's have been fighting a Saudi-Arabian led coalition in a bloody civil war in Yemen for around three years, with the Saudi's exports presenting a strategic target. The pause in shipments will last until the safety of shipments through the strait, which connects the Red Sea and the Gulf of Aden, is ensured, Khalid Al-Falih said in a statement.
  • Mega Millions $522 Million Jackpot Hit by 1 Ticket in California

    Mega Millions $522 Million Jackpot Hit by 1 Ticket in California

    Business

    The names of the MA winners weren't immediately available. The ticket was sold at Ernie's Liquors on South White Road, according to the California Lottery. The biggest-ever Mega Millions jackpot - $656 million - was won in March 2012. Mega Millions & Powerball jackpots: These are the 10 biggest lottery jackpots & their winnersWhat can you do with more than $512 million? It's been a banner year so far, with two major Mega Millions jackpots already being won.
  • Trump, European Union leaders pull back from trade war

    Trump, European Union leaders pull back from trade war

    Business

    President Donald Trump and European Commission President Jean-Claude Juncker (L) deliver a joint statement Wednesday in the Rose Garden of the White House in Washington , DC. Both Juncker and Trump's comments on more USA -sourced LNG heading into Europe will have major geopolitical ramifications in both the European Union and even Russian Federation.
  • Revenue Shortfall Wipes Out Facebook’s Year-to-Date Gain

    Revenue Shortfall Wipes Out Facebook’s Year-to-Date Gain

    Business

    Fourteen analysts surveyed by Zacks expected $13.43 billion. Facebook shares were torched in after-hours trading on Wednesday, tumbling more than 20 percent after the social network revealed fewer daily and monthly users than expected in the second quarter - and forecast 2018 growth much lower than Wall Street forecast.
  • Trump suggests no tariffs between US, Europe

    Trump suggests no tariffs between US, Europe

    Business

    Other countries "don't want to have those tariffs put on them". "As I've said all along, nobody wins in a trade war ". Lawmakers from both parties do too and, perhaps more importantly, the USA automakers who would be the ostensible beneficiaries of the tariffs have come out against the idea.
  • How Will Trump's Trade War Impact American Politics?

    How Will Trump's Trade War Impact American Politics?

    Business

    The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production. "This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $ 12 billion on gold crutches. America's farmers don't want to be paid to lose - they want to win by feeding the world", Sasse said in a statement .
  • Ferrari in mourning after former chairman Sergio Marchionne dies

    Business

    But it faulted him for having failed to negotiate with "an important sector of Italian workers", which it said created conflict and divisions that are still being felt. And many of us have lost a very dear friend: " Sergio Marchionne ". In the clubbish world of Italian business, where change often happens slowly and chief executives bend to the prevailing political wind, Marchionne stood out as an exception, taking on trade unions and rowing publicly with politicians.
  • Alphabet reports solid Q2 earnings despite EC fine

    Alphabet reports solid Q2 earnings despite EC fine

    Business

    But Alphabet's outlook is tempered by cost concerns, and Amazon .com Inc's encroachment into advertising has threatened Google's lucrative deals with media companies and advertisers. European competition commissioner Margrethe Vestager told Bloomberg a year before the fine was imposed, Google started quietly trying to resolve the probe.
  • 'Tariffs are the greatest!': Trump reissues threat against U.S. trading partners

    'Tariffs are the greatest!': Trump reissues threat against U.S. trading partners

    Business

    It involves direct payments to farmers, the purchase of excess food and trade promotion programs to help create new export markets. This aid package can be authorized without congressional approval because it uses the Department of Agriculture's Commodity Credit Corporation , a Depression-era program authorized to borrow up to $30 billion in order to "stabilize, support, and protect farm income and prices".
  • Tesla asks suppliers for money back on Model 3 parts

    Tesla asks suppliers for money back on Model 3 parts

    Business

    While certainly an ambitious goal given Tesla's history, there's reason to believe that Musk's promise might actually pan out. Tesla had about $3.2 billion in cash as of March 31, after spending about $1 billion in the quarter. "If there are any one-time windfalls that aid in Tesla achieving its profit goals, we expect the market would view that as unsustainable", said Jamie Albertine, senior automotive analyst for Consumer Edge.
  • No Mega Millions victor on Friday

    No Mega Millions victor on Friday

    Business

    The odds of winning "scratchers" - the instant-winner tickets that cost from $1 to $50 - are better, but it's still no way to get rich. The next drawing will take place Tuesday night. The third-largest prize was $536 million from a ticket in IN on July 8, 2016. Both jackpots start at $40 million and roll until the jackpot is won.
  • Whip-Sawed US Dollar Fuels Commodity Market Volatility

    Whip-Sawed US Dollar Fuels Commodity Market Volatility

    Business

    The S&P 500 is up less than 0.1 percent for the week, while the Russell, which is made up of more domestically-oriented companies that could hold up better in a prolonged trade dispute, is up 0.7 percent. Earlier this month, the United States imposed tariffs on $34 billion of Chinese imports. The dollar index meanwhile languished at two-week lows after U.S.
  • Gold Price Falls; Look at Factors Governing the Rates This Week

    Gold Price Falls; Look at Factors Governing the Rates This Week

    Business

    But in two days of congressional testimony and a broadcast interview last week the central banker also hinted the Fed may be more concerned about current trade tensions than it is letting on, as uncertainty reshapes business investment in ways that could alter the course of the economy and thus Fed policy, Reuters reports .
  • US troop remains to be repatriated soon from N. Korea: Pompeo

    US troop remains to be repatriated soon from N. Korea: Pompeo

    Business

    In the meantime, though, sanctions will remain, Trump said. Last month's summit was the first ever meeting between leaders of the United States and North Korea. Security Council ratcheted up the sanctions in response to years of nuclear tests by Pyongyang. "We have no speed limit". "President Putin said he agrees with me 100 percent, and they'll do whatever they have to do to try and make it happen", referring to the dismantlement of North Korea's nuclear weapons.
  • Trump says 'not thrilled' about interest rate hikes

    Trump says 'not thrilled' about interest rate hikes

    Business

    The outbursts were another crosswind for Wall Street, which struggled to find direction and finished the day a hair's breadth in negative territory. The U.S. "So somebody would say, 'Oh, maybe you shouldn't say that as president.' I couldn't care less what they say, because my views haven't changed", Trump said.
  • Ferrari chief Sergio Marchionne replaced as result of illness

    Ferrari chief Sergio Marchionne replaced as result of illness

    Business

    Marchionne will be unable to return to work". Marchionne, who became CEO of Fiat in 2004 and orchestrated its merger with Chrysler Group a decade later, had said his successor, originally scheduled to be appointed in April 2019 after approval of the 2018 financial results, was going to come from the company's Group Executive Council.
  • Modi govt slashes GST rate on several products: Here're details

    Modi govt slashes GST rate on several products: Here're details

    Business

    Other items for which the GST rate was cut include footwear, water heaters, electric irons, refrigerators, lithium ion batteries (used in electric vehicles), hair dryers, vacuum cleaners, food appliances and ethanol. The council also approved a simplified return filing mechanism wherein all taxpayers, excluding small taxpayers, will now file one monthly return with two main tables - one for reporting outward supplies and one for availing input tax credit based on invoices uploaded by the ...
  • White House’s Kudlow blames China’s Xi for blocking US trade deal

    White House’s Kudlow blames China’s Xi for blocking US trade deal

    Business

    Kudlow said China could end USA tariffs "this afternoon" if it took measures that include cutting tariff and non-tariff barriers to imports. "I think Xi is holding the game up", Kudlow said at the Delivering Alpha conference . Kudlow said China could resolve the dispute "this afternoon" by simply cutting tariffs, eliminating non-tariff barriers, and stopping the practice of stealing USA technology through forced transfers.
  • Trump's stunning comments about the Federal Reserve could actually backfire

    Trump's stunning comments about the Federal Reserve could actually backfire

    Business

    Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. 'I don't like all of this work that we're putting into the economy and then I see rates going up'. The president acknowledged that his comments about the Fed would likely raise concerns. "I want them to do well", he said. However, many analysts doubt Trump's comments will have much impact on Federal Reserve policy or the markets.
  • Microsoft Earnings Preview: Cloud, PC Trends Positive

    Microsoft Earnings Preview: Cloud, PC Trends Positive

    Business

    It's the time of year where companies start declaring their quarterly financial earnings, and Microsoft is no different. Much of Microsoft's recent growth has been fueled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs.
  • Trump threatens tariffs on all US$505b of Chinese imports

    Business

    Many countries have long tilted the playing field toward favored companies and industries, a practice economists call industrial policy. He also said that higher interest rates will strengthen the U.S. That episode ultimately triggered runaway inflation that took a decade to tame and required raising the Fed's policy rate above 15 per cent - more than eight times the rate's current average.
  • U.S. proposes tariffs on $200 billion more in Chinese imports

    U.S. proposes tariffs on $200 billion more in Chinese imports

    Business

    The ministry pointed out that the countermeasures were needed to protect not only the national interests but also the whole system of the worldwide trade. A second tranche of $16 billion in products is under review and could soon be added to the USA measures. Those indirect effects could lead to "large" collateral damage, they said.
  • Oil down on record US output, stock build

    Oil down on record US output, stock build

    Business

    He called for a total embargo of Iranian oil exports by November of this year. "We don't have any problem selling our oil [to China]". The Energy Information Administration reported United States crude inventories rose by 5.84 million barrels last week, confounding most analysts in a Bloomberg survey who were forecasting a decline.
  • Google hit with £3.78 billion EC fine

    Google hit with £3.78 billion EC fine

    Business

    Donald Trump has attacked the European Union's decision to fine Google $5.1bn (£3.8bn) for "serious illegal behaviour". Google employs around 7,000 people in Ireland, making it, along with Apple, one of the biggest private sector employers in the State.
  • 'Brexit continues to mean Brexit': Theresa May presses on with her plan

    'Brexit continues to mean Brexit': Theresa May presses on with her plan

    Business

    It said that it objected to the amendment because it requires the government to take "all necessary steps" to join, while the government wants to join only if it can negotiate reasonable terms. "We must try now because we will not get a chance again". He added that this had not been an easy decision and that he had agonised over it but had to "look you all in the eye and tell you that I have done what I believe is right for the country and our Party".
  • Fuel and energy prices set to push inflation to four-month high

    Fuel and energy prices set to push inflation to four-month high

    Business

    Inflation remained at 2.4% for the third month in a row in June, according to the Office for National Statistics , after clothing prices fell. RECENT hikes in energy costs and petrol prices are expected to send United Kingdom inflation to its highest level in four months when official figures are disclosed on Wednesday.
  • Airbus Strikes Deals In China, India Amid Brexit Concerns

    Airbus Strikes Deals In China, India Amid Brexit Concerns

    Business

    Boeing , which calls itself America's biggest exporter, delivered more than one out of every four jetliners it made previous year to customers in China , one of the world's fast-growing aircraft markets. He insists that any failure to agree a good deal on Brexit will hurt the sector. The July 16-22 show is not only about order headlines but also about sending signals to investors, keeping competitors guessing and keeping potential buyers interested.
  • Papa Johns Founder Claims he Was Pressured to Use the N-Word

    Papa Johns Founder Claims he Was Pressured to Use the N-Word

    Business

    In a letter to Papa John's board of directors obtained by the Wall Street Journal , Schnatter called his decision to resign under pressure "a mistake" and criticized the board for pushing him to step down without a proper investigation. Schnatter was already in trouble when he entered the conference call. The Papa John's actions echoed those of Starbucks Corp., which closed 8,000 stores on May 29 for employee education after an April racial profiling incident with a café a manager and ...
  • Seahawks end partnership with Papa John's

    Seahawks end partnership with Papa John's

    Business

    Ritchie reassures customers that Schnatter's words do not reflect his views or the values of the company. Papa John's stock closed Friday at $53.55, down 0.2% for the day after posting a solid gain Thursday following Schnatter's departure as chairman.
  • Theresa May steps back from brink with narrow Brexit victory

    Theresa May steps back from brink with narrow Brexit victory

    Business

    Twelve rebel Tory MPs backed an amendment to keep Britain in a customs union with the EU should May fail to strike a deal with Brussels on frictionless trade by late January. May has ruled out a customs union because membership would prevent Britain from striking free-trade deals with nations outside Europe, and her victory Tuesday will be a big relief for her.
  • Has Netflix Finally Hit A Wall? Their Share Price Just Tanked

    Business

    Despite the "near-term gut punch", Netflix is still well-positioned for future growth, GBH Insights analyst Daniel Ives wrote in a note. In a letter to shareholders, Netflix said subscriber growth in the United States through the first six months of this year is still ahead of the comparable period last year.
  • There's room for small businesses to compete with Prime Day

    There's room for small businesses to compete with Prime Day

    Business

    Amazon Prime Day , which kicks off this Monday, July 16 , at noon ET, will attract zillions of buyers seeking Black-Friday-in-July pricing on zillions of products. 6. Be on the lookout for deals on Prime Video, Amazon Music and Kindle as well. If you want to make sure you're really getting the best price, do some homework: look at items you want and compare their prices on Amazon and other sites so you know what to look for on Prime Day.
  • Elon Musk calls Thai cave diver 'pedo' on social media

    Elon Musk calls Thai cave diver 'pedo' on social media

    Business

    In an interview with CNN , Mr Unsworth said Mr Musk could "stick the submarine where it hurts". Secondly, nearly everyone is in agreement that he went way overboard with the remark accusing Unsworth of being a pedophile just because he doesn't like what the man said, as can be seen in the replies to his tweet.