Money

Money Trump and Apple now at war
Author: 0 Trump and Apple now at war

Trump tweeted on September 8 that Apple should build new manufacturing plants in the USA to avoid tariffs on Chinese imports that the U.S. government is planning to introduce. A message left with Apple's press office seeking comment on Trump's remarks wasn't immediately returned. Mr. Trump presumably learned about Ford's decision to cancel the Focus Active from a TV news program and inferred the announcement meant that Ford would build the CUV in America.

Money Andhra Pradesh Cuts Petrol, Diesel Prices By Rs 2 Per Litre
Author: 0 Andhra Pradesh Cuts Petrol, Diesel Prices By Rs 2 Per Litre

One factor, the high level of taxes on the retail price, is a fiscal choice. Naidu accused the NDA government at the Centre of misleading the people by attributing the steep hike in the prices of petrol and diesel to growing crude oil prices globally.

Author: 0 Stock markets pick up after Asia drops over Trump tariffs

President Donald Trump offered some business advice to Ford Motor on Sunday: because of the administration's high tariffs on vehicle imports from China, Ford can start making its Focus Active in the United States. The data point to a job market that remains resilient after almost a decade of economic growth, and even with tariffs and counter-tariffs on imports and exports looming over US employers that rely on global trade.

Money Tesla shares fall after Elon Musk smokes weed, drinks whisky during interview
Author: 0 Tesla shares fall after Elon Musk smokes weed, drinks whisky during interview

After the podcast aired Tesla shares dropped 9 per cent, wiping $3.1 billion off the company's value (at the time of writing.) Although, that may have more to do with Musk's robotic behaviour than smoking weed. Tesla's stock is down more than six percent to $262, the lowest level since April. In the filing, now-former Tesla executive Dave Morton said that he was leaving because " the level of public attention placed on the company as well as the pace within the company have ...

Money Alibaba CEO Zhang to succeed Jack Ma as chairman
Author: 0 Alibaba CEO Zhang to succeed Jack Ma as chairman

Founded in 1999 by Chinese teacher-turned-entrepreneur Jack Ma as a platform to connect Chinese manufacturers with the world, Hangzhou-based Alibaba stands among one of the largest companies in the world. According to the company, Paytm AI Cloud processes and stores their consumers' data locally in servers located in India - a demand from the government that has resulted in its rival WhatsApp and Apple deferring their digital payments services in the country.

Money CBS board discussing Moonves exit, a clearer way for a sale
Author: 0 CBS board discussing Moonves exit, a clearer way for a sale

Media company CBS's board has reportedly offered chief executive officer Les Moonves a US$100 million exit package. The CBS board is offering Moonves an exit package worth about $100 million, made up mostly of CBS stock, CNBC reported Thursday.

Money Petrol, diesel prices rise by about 50 paise. Check today’s rate
Author: 0 Petrol, diesel prices rise by about 50 paise. Check today’s rate

In some cities in Maharashtra, petrol prices touched Rs 90 a litre - for instance, in Amravati, Buldhana, where they were selling for Rs 88 and Rs 77 a litre. The fuel prices are likely to go up further as the rupee hit yet another all-time low of ₹72.12 against the USA dollar on Thursday, while price of Brent oil was hovering around $78 a barrel.

Money Trump ready to set tariffs on all goods from China
Author: 0 Trump ready to set tariffs on all goods from China

Those tactics, the Office of the US Trade Representative has alleged, include stealing trade secrets through computer hacking and forcing US companies to hand over technology in exchange for access to the Chinese market. Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met U.S.

Money Goldman Sachs shelves plans to build a crypto trading desk
Author: 0 Goldman Sachs shelves plans to build a crypto trading desk

In December of a year ago, Goldman Sachs announced its plans to set up a cryptocurrency trading desk by 2018 and become the first Wall Street giant to get involved with the cryptocurrency-related trading activity. Institutional and wealthy investors are likely looking for regulation support and legal protections before pouring money in. " They were not a part of the ecosystem yet, but to the extent that they represent the institutional herd, this is a negative ", Kelly added.

Author: 0 Could 'soon' impose tariffs on $200B in Chinese goods: Donald Trump

The $US200 billion list, which includes some consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, would be subject to tariffs of 10 per cent to 25 per cent. Major technology company Apple Inc ( AAPL.O ) said a "wide range" of its products would be hit by the tariffs, but not its iPhone. "These are taxes and they're going to find their way into the pocket book of folks around the country", French said.

Money Mercedes takes on Tesla with fully-electric SUV ZlotoNews
Author: 0 Mercedes takes on Tesla with fully-electric SUV ZlotoNews

The company also showed its EQ Silver Arrow concept just last week in Pebble Beach, Calif. The exterior styling is quite similar to the GLC but with more of an emphasis on drag reduction. All at the same time as Mercedes was busy revealing the EQC. However, Mercedes-Benz seemed to have second thoughts about the driving range communicated for the US - perhaps after criticism that 200 miles didn't quite cut it.

Money South Africa slips into recession
Author: 0 South Africa slips into recession

South African national currency, the rand, extended declines against the United States dollar to more than two percent as government bonds fell after the released data. The president is now in China, attending a summit. Maimane said SA was getting "poorer and poorer" under the ANC, with record high levels of unemployment, the Value-Added Tax increase and rising fuel costs all engulfing South Africans this year.

Money JD.com CEO Being Investigated for Rape
Author: 0 JD.com CEO Being Investigated for Rape

It gave no further details, but Mr Elder said the alleged attack reportedly occurred at 1 am local time on Friday and that Mr Liu was taken into custody later that evening. Liu was in Minneapolis because he is enrolled in a doctorate of business administration program at University of Minnesota's Carlson School of Management.

Author: 0 Two men sneak in self-made poster at McDonald’s for Asian representation

Maravilla found an old McDonald's shirt at Goodwill for $7 and dressed up as an employee. Maravilla and his friend Christian Toledo, 25, are both Filipino-Americans. Crazy Rich Asians is now set to be the most successful Hollywood studio romantic comedy at the box office in nearly 10 years, according to The Hollywood Reporter .

Money Oil dips as USA storm threat eases; Iran sanctions loom
Author: 0 Oil dips as USA storm threat eases; Iran sanctions loom

The waterway is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond, through which a third of the world's sea-borne oil passes every day. Output from OPEC's second-biggest producer has jumped to a record and is set to expand further, reflecting higher investment in the country's southern fields following crude's rally.

Money Ayanna Pressley Defeats Longtime Representative Mike Capuano in MA Democratic Primary Upset
Author: 0 Ayanna Pressley Defeats Longtime Representative Mike Capuano in MA Democratic Primary Upset

Mr. Capuano conceded the race to Ms. Pressley on Tuesday night, though the Associated Press had yet to declare a victor in the race. In the general election, Ms. "We will vote the same way, but I will lead differently", she said in a recent debate. Pressley called for an " equity agenda " centering around public health, reducing violence, transportation, housing, and advocacy for women.

Money Amazon market value tops $1tn
Author: 0 Amazon market value tops $1tn

Apple became the first trillion-dollar company early last month. If the online retailer's share price continues at its recent pace, it will be a matter of when, not if, Amazon's market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on August 2 .

Money Amazon Hits $1 Trillion Valuation
Author: 0 Amazon Hits $1 Trillion Valuation

Multiplied by the current number of shares outstanding - 487,741,189 - that puts the company's book value just over the same symbolic milestone that Apple hit less than one month ago . It is now worth about $1.1 trillion. The share price has since dropped down, so the company was only valued at $1 trillion for a brief few minutes. Amazon has revolutionized how people shop online and is the world's dominant internet retailer.

Money Energy department intervenes to keep petrol price increase down
Author: 0 Energy department intervenes to keep petrol price increase down

However, petrol will increase by 5 cents-per-litre on Wednesday. Petrol price in Delhi rose to a record ₹79.15 a litre and diesel climbed to a fresh high of ₹71.15, according to price notification of State-owned fuel retailers. sanctions begins. "Apart from that, crises in countries like Venezuela and Iran are increasing". Government blames falling rupee value fuel price hike.

Money Coca-Cola acquires Costa coffee chain
Author: 0 Coca-Cola acquires Costa coffee chain

Meanwhile, if Coke were to roll out canned or bottled Costa coffee drinks through its USA bottling system, that could upset the dominance of a joint venture between Starbucks and PepsiCo , trade publication Beverage Digest said . Costa, which doesn't now have a presence in North or South America, was the third-largest coffee shop chain globally in 2017, according to market research provider Euromonitor International, just behind McDonald's McCafe outlets but well behind Starbucks.

Money Cboe Said to Be Planning Ether Futures Launch by Year-End
Author: 0 Cboe Said to Be Planning Ether Futures Launch by Year-End

If this is true, it could mean a lot for Ethereum . Tom Lee , the co-founder of market strategy firm Fundstrat Global , believes a similar narrative to the Bitcoin futures launch will play out where there might be an initial boost in price, but ultimately more downward pressure on Ethereum's price.

Money California net neutrality bill clears key hurdle
Author: 0 California net neutrality bill clears key hurdle

As of now 30 total states have introduced bills to save net neutrality , as well as state governors in NY and Montana signing executive orders to ensure that communications providers must treat all data on the internet equally. AT&T is the parent company of CNN. Almost three dozen other states are working on their own laws, and supporters hope California's bill will inspire even more states to follow suit.

Money Google's Secret Deal With Mastercard Tracks Offline Spending
Author: 0 Google's Secret Deal With Mastercard Tracks Offline Spending

The deal on its own is bad enough, but nobody outside of the two companies apparently knew about it. Customers were not informed their offline spending habits were being shared with Google . The arrangement, which customers were not made aware of, gives Google a valuable insight into how merchant advertising is linked to customer spending that is not online.

Money Wall St sluggish on trade concerns; Apple, Amazon lift Nasdaq
Author: 0 Wall St sluggish on trade concerns; Apple, Amazon lift Nasdaq

Hampering a rally in US stocks early this week was a report that President Donald Trump was ready to impose tariffs on $200 billion more of Chinese goods as soon as a public comment period on the plan ends next week. The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as trade talks between Canada and the United States concluded without resolution ahead of the Labor Day weekend.

Money Theresa May boosts Uhuru Kenyatta's graft fight
Author: 0 Theresa May boosts Uhuru Kenyatta's graft fight

British Prime Minister Theresa May urged Nigeria on Wednesday to tap into the City of London's financial expertise as she sought to build a new trading relationship with Africa's biggest economy and most populous nation. She also pledged that any assets acquired from corruption in Kenya and hidden in the United Kingdom, would be sent back: "Today we signed an agreement to ensure that any proceeds of corruption that end up in the United Kingdom will be given back to the people of Kenya".

Money EU, Britain talk up chances of autumn Brexit deal
Author: 0 EU, Britain talk up chances of autumn Brexit deal

He struck a positive chord with European Union chief negotiator Michel Barnier , who talked up the chances of a deal but remained firm on the Irish border issue. The Brexit secretary also joked that he was not a "gambler" when asked to predict when the so-called divorce deal, the Withdrawal Agreement, would be ready to sign.

Money San Francisco, Santa Monica Allow Electric Scooters in New Pilot Programs
Author: 0 San Francisco, Santa Monica Allow Electric Scooters in New Pilot Programs

The SFMTA, however, has maintained that it's permit process was a fair one and, to prove that, has made available information about the process and its applicants at www.sfmta.com/sharedscooters . But Scoot has had a longstanding good relationship with San Francisco. Lime-S started the craze, with Bird and Spin immediately responding with dozens of their own.

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