Markets

Markets Molson Coors brewing cannabis drinks for Canadian market
Author: 0 Molson Coors brewing cannabis drinks for Canadian market

The deal is expected to be finalized by the end of September. "The new company will combine the proven beverage experience of Canada's leading brewer with a recognized innovator in the fast-growing cannabis sector to explore the highly anticipated consumable cannabis market, which is expected to be legally permissible in Canada in 2019", said Molson Coors .

Author: 0 Apple becomes first USA trillion dollar company

According to stock market trackers , Apple's shares are now worth $206.54 apiece, meaning Apple has managed to beat its tech rivals to become worth $1 trillion. But Apple is, of course, unique, and it has made its run to $1 trillion on the back of exactly one incredibly profitable product, the iPhone . The launch of the original iPhone was a turning point for Apple , and the relatively new iPhone X continued that trend, fueling a stock increase of more than 30-percent over the past ...

Markets Apple becomes world's first trillion-dollar company
Author: 0 Apple becomes world's first trillion-dollar company

Though Apple is not the first publicly traded company to exceed the $1 trillion dollar mark - PetroChina tipped over it nearly a decade ago - it is the first American company with the distinction, reaching the milestone ahead of competitors Alphabet , Microsoft , and Amazon .

Author: 0 Here's Why Trump Is Hiking Chinese Tariffs To 25%

Liberty Times quotes an economist, Larry Hu, who expects that China may post a current account deficit of approximately US$24 billion for the first half of 2018. The trade dispute is weighing heavily on the yuan, which fell further on Wednesday along with Chinese equities, despite the Chinese administration announcing a push to support economic growth .

Markets Apple is the first US company worth $1 trillion
Author: 0 Apple is the first US company worth $1 trillion

It had been on the cusp of becoming the world's first trillion dollar for a few days, pulling ahead of Amazon after announcing its second quarter results earlier this week . The $1 trillion milestone is largely symbolic, though impressive. " Apple is approaching the upper limits of what it can comfortably charge consumers for the iPhone", Neil Mawston, an analyst at Strategy Analytics, said.

Markets OPEC July oil output hits 2018 peak, but outages weigh
Author: 0 OPEC July oil output hits 2018 peak, but outages weigh

RIG-OL-USA-BHI Hedge funds trimmed their bullish wagers on US crude for the second week in a row to the lowest in almost a month, data also showed on Friday, as oil prices remained volatile amid trade tensions and geopolitical risks. US dollar index trended around 95 during the whole week, close to the highest levels in a year which is a bearish factor for oil prices. "Despite a rise in refinery runs, a cratering in crude exports last week yielded a whopping crude build of 5.6 million ...

Markets Chipotle Mexican Grill (CMG) Receiving Positive Media Coverage, Report Shows
Author: 0 Chipotle Mexican Grill (CMG) Receiving Positive Media Coverage, Report Shows

More than 100 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc ( CMG .N) restaurant in OH, sending shares of the burrito chain down as much as 9 percent on Tuesday. In a statement, Chipotle says it closed the store Monday "out of an abundance of caution" and that it's cooperating with local health authorities. "Chipotle's increased focus on food safety and enhancing customer experience, along with various sales-building and strategic initiatives, are ...

Markets Iowa Sales Tax Holiday set for August 3-4
Author: 0 Iowa Sales Tax Holiday set for August 3-4

Exempted items during tax-free weekend include shoes and clothing under $100 per item, computers under $1,000, computer hardware under $500 and school supplies under $30 per item. The weekend begins on Friday and goes through Sunday. Some counties such as Jasper, Newton, Lawrence, Barry, and Dade will also still be collecting their county sales tax.

Markets What an interest rate rise means for you
Author: 0 What an interest rate rise means for you

The Bank of England pushed interest rates above their financial crisis lows on Thursday, but signalled it was in no hurry to raise them further as Britain heads for Brexit next year with no clear plan for leaving the European Union. The projection for inflation in the second half of the current fiscal was increased to 4.8%, from 4.7%, and that for the first quarter of the next financial year set at 5%.

Markets Apple is the first U.S. company worth $1 trillion
Author: 0 Apple is the first U.S. company worth $1 trillion

Its stock surged to its biggest gain in a year and a half today, soaring above the $207.04 value required for Apple to become a trillion dollar firm. Stock buybacks reduce the number of shares a company has on the open market, driving up the price of the remaining shares. In 2006, the year before the iPhone launch, Apple generated less than $20 billion in sales and net profit just shy of $2 billion.

Author: 0 White House Plans 25% Tariffs on China

Tensions between the United States and China continue to escalate, after Beijing threatened to hit back if Mr Trump's administration raised imposed tariffs to 25 percent on US$200 billion worth of Chinese goods. The higher tariff rate, if implemented, would apply to a list of goods valued at US$200 billion identified by the USTR last month as a response to China's retaliatory tariffs on an initial round of U.S.

Author: 0 Google's Plan to Launch Censored Search Engine in China Revealed

Google is preparing a version of its search engine for China that blocks results Beijing considers sensitive, according to people familiar with the situation. The company chose to quicken the development of a censored search service after Mr Pichai met with top government official Wang Huning in December 2017, the Intercept reported .

Author: 0 Bank of England raises United Kingdom interest rates

The Reserve Bank for the second time in two months Wednesday raised its benchmark interest rate by 25 basis points on inflationary concerns, a move that will make home, auto and other loans expensive. "Many things are in our favour". The Bank also kept its forecast for United Kingdom growth unchanged at 1.4 percent in 2018, but upped the outlook to 1.8 percent in 2019.

Markets OnePlus surpasses Samsung, Apple in growing Indian smartphone market
Author: 0 OnePlus surpasses Samsung, Apple in growing Indian smartphone market

Silicon Valley-based Apple shipped 41.3 million iPhones, claiming 12.1% of the global market compared to 20.9% for Samsung and 15.8% for Huawei . Apple , Huawei and Samsung were the main contenders when it came to competition for high-end smartphones priced at $700 or more, according to Reith.

Markets Air marshals secretly monitored U.S. passengers for years
Author: 0 Air marshals secretly monitored U.S. passengers for years

Under the program, the Globe reports , "thousands of unsuspecting Americans have been subjected to targeted airport and inflight surveillance, carried out by small teams of armed, undercover air marshals". That means rearranging marshals' seating and how they are deployed, meaning which flights they are on. The Marshals then observe the people for behavioral cues that have been previously associated with those of terrorists.

Markets USA may slap China with higher tariffs, Beijing vows to retaliate
Author: 0 USA may slap China with higher tariffs, Beijing vows to retaliate

In the coming weeks, the USTR will analyze the president's proposal and will open a public consultation period in late August so that U.S. companies can offer their opinions on the measure. Washington is preparing to also impose tariffs on an extra $16 billion of goods in coming weeks, and Trump has warned he may ultimately put them on over half a trillion dollars of goods - roughly the total amount of US imports from China past year.

Markets RBI increases repo rate by 25 bps to 6.50%
Author: 0 RBI increases repo rate by 25 bps to 6.50%

Meanwhile, reverse repo , the rate at which the central bank borrows money from commercial banks within the country, was adjusted to 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent. But in all respects, the central bank's policy statement was anything but neutral. The decision by the 6-member MPC, headed by RBI Governor Urjit Patel , comes amid elevated oil prices and inflation hovering around 5%.

Markets Tesla on track to turn a profit this year
Author: 0 Tesla on track to turn a profit this year

As it ramps up production of the Tesla Model 3, Tesla announced Wednesday that it reduced its financial losses in the second quarter-barely. The loss more than doubled from the same quarter a year ago. During May's conference call with analysts, Musk's behavior was weird. Shares rose 5 percent in after hours trading at that promise, according to Reuters .

Markets Asia shares subdued for central bank, data test
Author: 0 Asia shares subdued for central bank, data test

The BOJ's primary goal is reaching a core inflation level of 2%, and with sub 1% levels on all the various measures, the Bank still has a long way and will likely leave its policy unchanged. The central bank said long-term interest rates may fluctuate depending on economic and price developments and that it would conduct its bond-buying program flexibly.

Markets Sekulow:
Author: 0 Sekulow: "High Level Negotiations for Pastor Brunson" Ep. 482

If found guilty, Brunson faces up to 15 years in prison for committing crimes on behalf of terrorist groups without being a member, and up to 20 years for political or military espionage. The pastor has lived in Turkey for more than 20 years. A Turkish court denied the pastor's appeal on Tuesday. Last week US President Donald Trump threatened to impose "large sanctions" on Turkey if the pastor was not freed, following similar warnings from his Vice President Mike Pence.

Markets Parasite scare sparks recall for salads, wraps sold at Trader Joe's, Walgreens
Author: 0 Parasite scare sparks recall for salads, wraps sold at Trader Joe's, Walgreens

This time, the unfortunate honor has fallen on Walgreens , Kroger , and Trader Joe's, which have been forced to recall salads and wraps possibly contaminated with the cyclospora parasite. The symptoms of Cyclosporiasis include loss of appetite, weight loss, cramping, bloating, nausea, fatigue, and other flu-like symptoms. Although the U.S.

Markets Yemen's Houthis halt Red Sea attacks for two weeks
Author: 0 Yemen's Houthis halt Red Sea attacks for two weeks

The Yemeni government, which is now headquartered in the coastal city of Aden and which is closely supported by the Saudi-led coalition, has yet to issue a formal response to the proposal. "Our initiative would include instructions from Yemeni official parties [in reference to Houthi institutions] to halt all military and naval operations for a specified, renewable period", he said.

Author: 0 RBI hikes repo rate: What happens to your EMIs now

Ahead of the RBI's monetary policy announcement, the country's largest lender State Bank of India (SBI) had hiked interest rate on fixed deposits by up to 0.1% on select maturities, a move likely to be followed by other banks. For instance, every time the RBI lowers repo rate, banks are typically expected to pass on the benefit to retail customers. The projected inflation rate is above its targeted comfort level of 4 per cent.