Markets

Markets McDonald's McGold Card Offers Contest Winner Free Food For Life
Author: 0 McDonald's McGold Card Offers Contest Winner Free Food For Life

The victor of the contest will receive a " McGold Card ", which earns them two free meals per week for the next 50 years - not exactly unlimited food for life, but an offer no hardcore McDonald's fan would sneeze at. Taco Bell gave a lifetime of food away in its "Eleven Everlasting Dollars" challenge in 2014. Despite the contest's intention to bring more traffic to McDonald's mobile app, there are some that think it will end up being nothing more than a failed marketing tactic for ...

Markets Canadian jobless rate drops to four-decade low
Author: 0 Canadian jobless rate drops to four-decade low

The country added 82,000 part-time jobs and lost 28,000 full-time jobs last month, posting a net gain of 54,100 positions, Statistics Canada said in its latest labor force survey. Market expectations of an interest rate hike in September, as reflected in the overnight index swaps market, rose to 27.08 percent from 23.32 percent before the release.

Markets Employee steals plane from Seattle airport, crashes it shortly
Author: 0 Employee steals plane from Seattle airport, crashes it shortly

At one point, he said: "Hey do you think if I land this successfully Alaska will give me a job as a pilot?" He was in contact with air traffic controllers and described himself as a "broken guy" with "a couple of screws loose". Washington Gov. Jay Inslee (D) thanked the Air National Guard for scrambling jets to confront the hijacked aircraft Friday night, and lamented that "there are still a lot of unknowns surrounding tonight's tragic incident".

Markets After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq?
Author: 0 After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq?

Well, Tesla is now a publicly traded company and Mr. Musk doesn't like this because being public, as he puts it, "subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term".

Markets Turkish President Rails Against ‘War’ on Turkish Economy
Author: 0 Turkish President Rails Against ‘War’ on Turkish Economy

Trump said via a tweet that the tariff on aluminium imports will be increased to 20 per cent and the tariff on steel imports will be raised to 50 per cent as the Turkish Lira "slides rapidly downward against our very strong Dollar!" "Our relations with Turkey are not good at this time! " he noted.

Markets Tech stocks take Nasdaq, S&P close to record
Author: 0 Tech stocks take Nasdaq, S&P close to record

EDT the Dow Jones Industrial Average was down 14.63 points, or 0.06 percent, at 25,569.12, the S&P 500 was unchanged at 2,857.70 and the Nasdaq Composite was up 11.39 points, or 0.14 percent, at 7,899.72. S&P technology sector's 0.5 percent fall was led by chipmakers. Chip stocks fell after Morgan Stanley downgraded the US semiconductor industry, saying upside to estimates is hard to come by.

Author: 0 Extraordinary audio of the Seattle hijacker conversation with air traffic controller

The plane was taken by a 29-year-old Sumner man about 8 p.m. and crashed on Ketron Island, near Steilacoom, about 90 minutes later, according to the Pierce County Sheriff's Department. "We are working back ground on him now", the Pierce County Sheriff wrote. So many bags, " he said. "It evens out in the end", he says at the end of the video.

Markets Hijacked Plane Stolen From Seattle Airport Crashes On Nearby Island
Author: 0 Hijacked Plane Stolen From Seattle Airport Crashes On Nearby Island

The man responds: "Awwww-right ... dammit". "Ah damn it, I don't know, man". He continued: "I don't want to hurt no-one. I was kinda hoping that was gonna be it. "We heard the jet because our windows were down while we were waiting in the ferry line to go to Anderson Island, which is adjacent to Ketron Island ".

Markets US SEC examining Musk's tweets on taking Tesla private
Author: 0 US SEC examining Musk's tweets on taking Tesla private

Tesla shares were suspended from trading for 90 minutes, during which the firm announced in a regulatory filing that the company is indeed looking at such privatization possibility although no decision has been made. Korus said he would need more details from Musk to judge whether a buyout offer would be practical and at what price it would be attractive. Five Fidelity Investments funds had a collective stake worth roughly about $436 million, according to disclosures from March and June, the ...

Markets China's economy can withstand tariff war - USA
Author: 0 China's economy can withstand tariff war - USA

China's state media has stepped up its criticism of the U.S. in recent days. China has promised to retaliate with another $16 billion in tariffs on USA imports. But the taxes also exact a price on domestic businesses and consumers who buy imports and end up paying more for them. And losers typically outnumber winners in trade wars, since tariffs reduce efficiency and make everybody worse off, on average.

Markets SEC Considers Approval of CBOE ETF
Author: 0 SEC Considers Approval of CBOE ETF

Following the SEC announcement delaying a decision on VanEck/SolidX hitting the wires last Tuesday, BTC lost market share. In a major move, the US Securities and Exchange Commission ( SEC ) is set take a final call on the nine proposed bitcoin exchange-traded fund (ETF) in the next two months.

Markets Trump doubles metal tariffs on Turkey as lira falls by 20%
Author: 0 Trump doubles metal tariffs on Turkey as lira falls by 20%

He said he had authorised higher tariffs on imports from the United States' Nato ally, imposing duties of 20 per cent on aluminium and 50 per cent on steel . The Turkish delegation met with the State Department's No. 2 official, John Sullivan, on Wednesday to address friction between the North Atlantic Treaty Organisation allies.

Markets Weed killer available in Britain blamed for causing cancer
Author: 0 Weed killer available in Britain blamed for causing cancer

Another trial is set to take place in October in St Louis and roughly 4,000 plaintiffs have claims pending with the potential outcomes resulting in many more hundreds of millions, if not billions of dollars in damage awards. Johnson sprayed large quantities from a 50-gallon tank attached to a truck, and during gusty winds, the product would cover his face, said Brent Wisner, one of his lawyers.

Author: 0 Erdogan calls on Turks to buy lira 'in response to economic war'

The currency slid almost 8 percent in relation to the dollar to a record low of 6.59 shortly after Trump announced the increase on metals duties on Twitter . Hard currency debt issued by Turkish banks suffered similar falls. Has the moment finally arrived when political and economic ties between Turkey and the United States snap, ending what was a very close partnership dating back to the late 1940s? "It is expected that the current account deficit would be balanced at around 4 ...

Markets Stocks plunge worldwide as crisis in Turkey reverberates
Author: 0 Stocks plunge worldwide as crisis in Turkey reverberates

Although Erdogan struck a defiant tone, his foreign ministry called for diplomacy and dialogue to solve problems with Washington and Trade Minister Ruhsar Pekcan said "we implore President Trump to return to the negotiating table". US patience with Turkey is seen to have ended, experts said. "Various campaigns are underway against Turkey, pay no attention to them". While Turkey and the United States disagree over a host of issues, the most pressing disagreement has been over Brunson and ...

Author: 0 Tom Lee: "Bitcoin Is The Best House In A Tough Neighborhood"

Investments are on the depending which not exactly into the hands of people for the sake of money, Cryptocurrencies built on the decentralized peer to peer networking and also become the de facto standard for exchanging. Coin.ph users can already pay different bills with Bitcoin , Ethereum or Bitcoin Cash . ETH/USD tumbled by more than $50 this week and traded below the $400 and $380 support levels.

Markets Ryanair strike brings misery to 70,000 holidaymakers as 400 flights cancelled
Author: 0 Ryanair strike brings misery to 70,000 holidaymakers as 400 flights cancelled

It is the fifth such day of action in Ireland, where 20 flights have been cancelled . Ryanair called the demands "pointless", and posted details of how much the cabin crew earn and said they receive an annual uniform allowance of €400. "If this isn't available on the same or next day then we will accommodate you to your end destination on airlines with whom we have a reciprocal agreement".

Markets NYC becomes first U.S. city to impose Uber/Lyft cap
Author: 0 NYC becomes first U.S. city to impose Uber/Lyft cap

A new report ordered by New York City regulators calls for a $17.22 minimum wage for ride-hail drivers. Supporters of the cap bill say it will protect the financial stability of drivers already in the city as well as taxi drivers and reduce road congestion.

Markets Trump vows to impose tariffs on more Chinese goods
Author: 0 Trump vows to impose tariffs on more Chinese goods

June 15: Trump rolls out thefinal list of goods subject to new tariffs . March 22 : Trump announces plans to hit $50 billion worth of Chinese goods with a 25% tariff.China announces tariffsin retaliation to the steel and aluminum duties and promises a response to the latest USA announcement.

Author: 0 China to impose additional tariffs on $16B worth of US goods

The action is the latest by U.S. President Donald Trump to put pressure on China to negotiate trade concessions after imposing tariffs on $34 billion in goods last month. "Looking ahead, we expect export growth to cool in the coming months, though this will primarily reflect softer global growth rather than United States tariffs, the direct impact of which will continue to be mostly offset by the renminbi's (yuan's) recent depreciation", Capital Economics' Senior China Economist Julian ...

Markets Tesla take-private skepticism grows after Elon Musk's funding claim
Author: 0 Tesla take-private skepticism grows after Elon Musk's funding claim

Ford Executive Vice President Jim Farley on the benefits of being a public company after Tesla CEO Elon Musk tweeted he is considering taking his company private. Trading in Tesla was halted for an hour and a half on Tuesday afternoon, by which time the stock had soared to $370. Tesla is a legendary cash-burner, with roughly $10 billion in debts and $2 billion in reserves, and Musk would probably need in the tens of billions of dollars to buy out shareholders at the right price.

Markets Oil prices rise as US renews sanctions against Iran
Author: 0 Oil prices rise as US renews sanctions against Iran

At 10:40 am Singapore time (0240 GMT), ICE October Brent crude futures were up 12 cents/b (0.16%) from Monday's settle at $73.87/b, while the NYMEX September light sweet crude contract was unchanged over the same period at $69.01/b. US West Texas Intermediate (WTI) crude futures were up 20 cents, or 0.3 percent, at $69.21 barrel. "With global demand remaining healthy and the global heatwave increasing oil demand, I think prices will remain well-supported in the near term", Hussein Sayed, ...

Markets Prince Alwaleed acquires 2.3% stake in Snapchat
Author: 0 Prince Alwaleed acquires 2.3% stake in Snapchat

Critics in the past have anxious about Snap keeping user engagement up, keeping the users coming back and keeping them using the application, which is declining in some areas while growing in others, leading investors to boost the stock up in after hours trading although it has since levelled back to around the closing price.

Markets Trump behaves like a street-fighter in trade policy: Chinese media
Author: 0 Trump behaves like a street-fighter in trade policy: Chinese media

Washington is anticipated to soon implement tariffs on an additional $16 billion of Chinese goods. "In the face of the bullying of the Donald Trump administration, Beijing must remain sober-minded and never let emotion override reason when deciding how to respond", according to an editorial by the China Daily , the flagship state-run English newspaper.