Markets

Markets Twitter hammered as bad week in social media gets worse
Author: 0 Twitter hammered as bad week in social media gets worse

Monthly users fell to 335 million in the second quarter and came in well below Wall Street's expectations of 339 million. While Twitter maintains that most of these accounts were dormant and thus not counted in the monthly user figure, the company also warned that its cleanup efforts could affect its counted user base - without giving specific numbers.

Markets Ramaphosa: Putin was relaxed about SA's position on nuclear deal
Author: 0 Ramaphosa: Putin was relaxed about SA's position on nuclear deal

Still, South Africa is now taking the idea forward, by holding a " BRICS Plus " meeting on the third day of this year's summit . Brazil, Russia, India and China invited South Africa to join the group in December 2010. "Mr Mandela's legacy is reflected in the activities of Brics ". President Xi said differences between countries should be settled through dialogue and consultation, in apparent reference to his country's tariff trade war with the US.

Author: 0 Trump claims U.S. is ‘economic envy of the entire world’

Economists' forecasts for second-quarter GDP, the value of all goods and services produced in the nation, ranged from 3 percent to 5 percent. It's unclear if Mr. Consumer spending grew 4 percent , more than estimated, while nonresidential business investment climbed at a 7.3 percent clip. Also contributing to economic growth, spending by state and local governments rose 1.4 per cent.

Author: 0 Putin ready to visit Washington for new summit, invites Trump to Moscow

Mr. Putin and Mr. Trump met in Helsinki earlier this month at a summit, but Mr. Trump faced a storm of criticism back home for his handling of the meeting. In response, the White House said that Trump is "open to visiting Moscow" once he gets a "formal invitation". He was talking to reporters aboard Air Force One as President Donald Trump headed back to Washington from Iowa and IL.

Markets Papa John’s Founder Sues Pizza Chain Following Controversy
Author: 0 Papa John’s Founder Sues Pizza Chain Following Controversy

Schnatter says he was notified less than three hours after the board voted to form the special committee that the company planned to terminate a "founder's agreement" that governs his public appearances. The board of directors recently approved a so-called poison pill provision, an extraordinary step aimed at preventing the former CEO from gaining more control of the company.

Markets Bitcoin ETF mania dented as SEC again rejects Winklevoss fund
Author: 0 Bitcoin ETF mania dented as SEC again rejects Winklevoss fund

The price of Bitcoin dipped below the $8,000 mark, CCN reported . This is not the first time that the SEC rejects a Bitcoin ETF . The drop also coincided with a signal of lost momentum that some traders consider to be bearish, the first such indication since the token's historic surge in December.

Markets Does Trump want to strike trade deal with EU's Juncker?
Author: 0 Does Trump want to strike trade deal with EU's Juncker?

Trump has been critical of the European Union over its $150 billion trade surplus with the U.S. But Europe is only one front in Trump's attacks on trading partners. The E.U. may be no more committed itself. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs".

Markets Tallahassee Cop Helps Homeless Man Shave for Job Application
Author: 0 Tallahassee Cop Helps Homeless Man Shave for Job Application

The newly-shaved man, whose name is Phil, is hoping to get hired at a local McDonalds. A local McDonald's spokeswoman told the newspaper Monday as long as Phil's background checks comes back clean and he provides identification, they will hold a spot for him.

Markets Republicans visiting White House surprised by European Union trade announcement
Author: 0 Republicans visiting White House surprised by European Union trade announcement

European Central Bank chief Mario Draghi called the tentative truce a "good sign, because in a sense it shows that there is a willingness to discuss trade issues in a multilateral framework again". Ryan's remarks came a couple hours after Trump tweeted that "Tariffs are the greatest!" and threatened to impose additional penalties on US trading partners.

Markets Facebook sets up China subsidiary
Author: 0 Facebook sets up China subsidiary

In order to gain access to China, LinkedIn, the professional website, has agreed to comply with Chinese regulations. This latest news could indicate that it may still be a long time before we see Facebook make a fully operational return to China.

Markets Oil prices climb as Iran-backed Houthi rebels attack Saudi Arabian tankers
Author: 0 Oil prices climb as Iran-backed Houthi rebels attack Saudi Arabian tankers

Khalid al-Falih, the Saudi energy minister said in a statement that the two oil tankers, each carrying two million barrels of oil, had been attacked and one sustained minimal damage. He said the Houthis should also hand over their arms and withdraw from all rebel-held areas including Sanaa, which they seized in September 2014. Saudi Arabia and arch-rival Iran have been embroiled in a three-year year proxy way in Yemen.

Markets Third Straight Weekly Loss for Crude as Concerns of Oversupply Continue
Author: 0 Third Straight Weekly Loss for Crude as Concerns of Oversupply Continue

On Friday, Trump tweeted that China and the European Union are "manipulating" their currencies lower while the U.S.is raising rates and the dollar gets stronger. The US oil benchmark closed above its 50-day moving average on Thursday after slipping below that level earlier this week. It is most likely that the impact on United States crude and other energy commodities will change trade flows.

Markets Did We Just Dodge a Trade War With Europe? - Hit & Run
Author: 0 Did We Just Dodge a Trade War With Europe? - Hit & Run

An EU official said there was significant pressure from Trump administration officials to increase EU soybean purchases as part of any trade deal. Trump has also accused Beijing of manipulating its yuan currency to give its exporters an edge, a charge rejected by China . Finally, they said they wanted to resolve the tit-for-tat tariffs row, following the U.S.

Markets Consumer prices in Japan rose by 0.8% in June 2018
Author: 0 Consumer prices in Japan rose by 0.8% in June 2018

Trump said the Fed's policy tightening and the strong dollar could hurt the US economy. "We see the latest news on trade policy as pointing to continued high risk of escalation between the USA and China, and a renewed focus of the Trump Administration on currency matters", Goldman Sachs analysts said.

Markets Qualcomm Confirms Apple Will Not Use Its Modems for New 2018 iPhones
Author: 0 Qualcomm Confirms Apple Will Not Use Its Modems for New 2018 iPhones

George Davis, Qualcomm's Financial Chief said "We believe Apple intends to exclusively use our competitor's modems rather than our modems in its next iPhone release", during an earnings call with industry analysts. In January 2017, Apple sued Qualcomm claiming that the global microchip manufacturer was taxing Apple for technological breakthroughs it had "nothing to do with" - basically charging Apple for its own innovation.

Markets Trump suggests cutting all tariffs ahead of key meeting with EU
Author: 0 Trump suggests cutting all tariffs ahead of key meeting with EU

The main topic on the table was the 25% trade tariffs the USA is imposing on European Union steel imports and the retaliatory levies Brussels has slapped on American products such as jeans, motorbikes and bourbon whisky. "A Band-Aid doesn't cure an illness, but it might make it temporarily better", said Dave Struthers who grows corn, soybeans and hay on a 1,100-acre Iowa farm near Collins, about 30 miles northeast of Des Moines.

Markets Philips, ASUS, Pioneer Hit With $100M+ Antitrust Fine
Author: 0 Philips, ASUS, Pioneer Hit With $100M+ Antitrust Fine

The EU says that retailers were faced with "threats or sanctions such as blocking of supplies" if they didn't comply with the "requests" of the manufacturers. "Our decisions today show that European Union competition rules serve to protect consumers where companies stand in the way of more price competition and better choice", said Commissioner Margrethe Vestager in a statement .

Markets Facebook sees users flee in Europe amid GDPR | Digital
Author: 0 Facebook sees users flee in Europe amid GDPR | Digital

The number of monthly users - a key indicator of Facebook's popularity - rose slightly, to 2.23 billion from 2.2 billion last quarter. The proximate cause was the company's Q2 miss on revenue and user numbers, as it suffered the impact of a string of scandals and the introduction of tough new European data privacy rules.

Markets Trump and top European leader agree to work toward zero tariffs
Author: 0 Trump and top European leader agree to work toward zero tariffs

President Donald Trump on Wednesday accused China of "vicious" tactics on trade as he prepared for tough negotiations with European leaders in an escalating trade battle among world powers. Agriculture officials said they would not need congressional approval and the money would come through the Commodity Credit Corporation, a wing of the department that addresses agricultural prices.

Markets One lucky person wins Mega Millions lottery
Author: 0 One lucky person wins Mega Millions lottery

Six are worth $1 million each, sold in Arizona, Massachusetts, Michigan, Minnesota and two in New Jersey, lottery officials report. Mega Millions & Powerball jackpots: These are the 10 biggest lottery jackpots & their winnersPlenty of people said they should have bought their tickets at Ernie's.

Markets Sergio Marchionne, turnaround virtuoso who built Fiat Chrysler, dies at 66
Author: 0 Sergio Marchionne, turnaround virtuoso who built Fiat Chrysler, dies at 66

When he took over both Fiat and Chrysler , he always maintained, the companies needed radical change in order to survive. "I believe that the best way to honour his memory is to build on the legacy he left us, continuing". On July 21, Marchionne was succeeded at FCA by Mike Manley, the head of Jeep and Ram brands. Marchionne also revealed earlier this year a new five-year plan for the automaker that calls for several new models and a major push into self-driving and electrification ...