Tuesday August 21-st, 2018

Republicans Confront Trump's Top Trade Aides About Tariffs Republicans Confront Trump's Top Trade Aides About Tariffs

When they announced an alliance against third parties' "unfair trading practices", they didn't even have to mention China by name for listeners to know who their target was. Lawmakers in Washington on Thursday passed legislation to slow Chinese i...

Twitter Shares Plunge After Company Loses 1 Million Active Users Twitter Shares Plunge After Company Loses 1 Million Active Users

That leaves investors seemingly unable to value what the biggest companies in the sector, which rely on their potential user reach, are worth. That overshadowed an otherwise strong quarterly performance Friday. "We want people to feel safe freely exp...

Facebook stock plunges in after-hours trading following earnings report Facebook stock plunges in after-hours trading following earnings report

Although it did its best to downplay the stormy financial forecast, Facebook's investors don't seem to be distracted. The problem: weaker-than-expected revenue growth, Facebook's first such miss since 2015. It was Facebook's lowest user growth ra...

Trump Celebrates GDP Surge: America is Winning Again

But the economy was sluggish, with millions of Americans having stopped even looking for jobs when President Donald Trump took office in January 2017. "One of the biggest wins in the report , and it is, indeed a big one, is that the trade deficit ...

BRICS nations pledge trade unity BRICS nations pledge trade unity

BRICS as a block is of strategic importance in the current global environment that we find ourselves in today. "Access to the global economy through trade has underpinned China's economic success over the past two and a half decades". Xi will active...

Donald Trump hails Illinois steel mill as an economic success story Donald Trump hails Illinois steel mill as an economic success story

Steel plant in Granite City, Ill., when they were exposed to the potentially deadly gas. A second blast furnace was restarted after Trump announced tariffs on imported steel and aluminum, a move that returned 500 jobs to the plant. Business leade...

Treasury Secretary Steven Munchin Outlines Trade Negotiations with EU Going Forward Treasury Secretary Steven Munchin Outlines Trade Negotiations with EU Going Forward

At the Group of Seven summit in Quebec, Trump was roundly criticized for publicly berating allies over their trade practices and provoking a needless trade war . workers and companies and steal U.S. intellectual property. In Europe, alarm bells have...

Trump claims United States is ‘economic envy of the entire world’

According to the New York Times , the strong export number was "driven in part by a surge in soybean shipments tied to President Trump's trade policies". The transformation is also not as dramatic as Trump claims - and in many ways the 4.1 per ...

MAC is giving away free, full-size lipstick this weekend

The offer is one per customer, but even then, the brand says limited quantities are available (like, 100-lipsticks-per-store limited). Beauty fans will get to choose from nine shades, which range from tan and pink to a deeper rouge and plum.

Putin "ready" to visit D.C., invites Trump to Russian Federation

Earlier, the White House said Trump would postpone his invitation for Putin to visit until next year because it believed Mueller's "witch hunt" would be over by then. I am ready for that. "We need for the appropriate conditions to exist, to be cr...

Papa John's Founder Sues Pizza Chain Over Internal Documents Request Papa John's Founder Sues Pizza Chain Over Internal Documents Request

The pizza chain's founder claims that he requested information regarding how they reached their decision to have him booted from the company, and board members have refused to provide him with the appropriate documents. "We will not let his numerous ...

The Winklevoss twins' bitcoin ETF was rejected The Winklevoss twins' bitcoin ETF was rejected

However, the SEC reiterated the concerns it had raised in its previous order as per the order published on Thursday. The commission's vote affirms an earlier decision in 2017 by the SEC's staff to deny the proposal, for which Cameron and Tyler Wi...

Trump and top European leader agree to work toward zero tariffs Trump and top European leader agree to work toward zero tariffs

That is the view of European Commission officials familiar with the EU chief executive's meeting at the White House on Wednesday, after which the USA president declared there was "love" between the two sides and withdrew a threat to slap new tari...

Video captures Florida officer helping homeless man shave Video captures Florida officer helping homeless man shave

A Tallahassee police officer gave him the shave and now, McDonald's may end up giving him a job. A local McDonald's spokeswoman told the newspaper Monday as long as Phil's background checks comes back clean and he provides identification, they ...

Facebook market value shrinks by $119 billion in biggest single day loss Facebook market value shrinks by $119 billion in biggest single day loss

That would be the biggest single-day drop in stock-market history. Facebook Inc. faced a day of reckoning as its shares plunged Thursday in the company's worst trading day since going public in 2012. But Zuckerberg acknowledged on Wednesday's e...

European Union and U.S. launch talks in bid to quell trade tensions European Union and U.S. launch talks in bid to quell trade tensions

Last year, Brazil contributed the most soybean export to China while US soybean exports accounted for 34% of China's total purchase. "We're all upset. "Anything that disrupts the regular market channels is going to have an impact right here in th...

Facebook Gets Its Foot In The Door In China Facebook Gets Its Foot In The Door In China

Facebook is now banned from operating its eponymous network in China, where the government exercises strict control of social media sites and requires foreign tech companies to maintain servers in the country. that was approved last week by China's...

Trump presses Mexico to speed up NAFTA talks: Lopez Obrador Trump presses Mexico to speed up NAFTA talks: Lopez Obrador

In a letter to Andres Manuel Lopez Obrador, who won Mexico's presidential election on July 1, Trump said that he was looking forward to working closely together to build a great relationship. Morneau said that he sensed "optimism" from Mnuchin about ...

U.S. vehicle tariffs still aren't off the table, warns German industry group U.S. vehicle tariffs still aren't off the table, warns German industry group

Earlier, Trump had added another layer to the dispute when he went into Twitter overdrive, accusing the country of "vicious" trade tactics by targeting USA farmers who "I love [and] respect" in tit-for-tat tariffs. Reaction in Germany, which would ...

BOJ ponders how to keep policy sustainable, reduce side effects BOJ ponders how to keep policy sustainable, reduce side effects

Interest rate curves are steepening. Japanese government bond yields jumped by the most in nearly two years today before the Bank of Japan ( BoJ ) was forced to intervene after reports that the central bank is considering tweaking its massive m...

U.S. to give farmers $12bn trade war bailout U.S. to give farmers $12bn trade war bailout

President Donald Trump announced Wednesday that the USA and the European Union have agreed to work to resolve the thorny issue of tariffs on steel and aluminum. American farmers depend on being able to sell overseas, and tariffs make what they pr...

Foxconn Ramps Up Hiring Ahead of 2018 iPhone Production Cycle Foxconn Ramps Up Hiring Ahead of 2018 iPhone Production Cycle

It chimes with a previous report from the respected Apple analyst Ming-Chi Kuo, who said Apple is working on an iPhone with an LED screen which will come in grey, white , blue, red, and orange. While there is a lot of data to sift through, one of ...

Iran Vows Equal Countermeasures If U.S. Tries To Block Oil Exports Iran Vows Equal Countermeasures If U.S. Tries To Block Oil Exports

Araqchi, also a senior Iranian nuclear negotiator, did not elaborate on the possible steps Tehran would take to dampen the US oil sanctions, but said blocking the Strait of Hormuz, a vital shipping lane for global oil supplies, is not Iran's only opt...

Sergio Marchionne Has Died Following Surgery Complications

John Elkann, chairman of Fiat Chrysler , ... His death is believed to have resulted from complications of recent right shoulder surgery he underwent. Marchionne represented Ferrari in its negotiations with Formula 1 chiefs over the future dire...

USA and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says USA and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says

Ryan said he understands Trump is seeking "a better deal for Americans" but added the USA should instead "work together to reduce trade barriers and trade restrictions between our countries". Perdue faced questions about trade from Northwest farm...

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