• United States may raise tariffs on US$200b in Chinese goods to 25%
United States may raise tariffs on US$200b in Chinese goods to 25%

Firms based in Berlin were also hit by trade tariffs, due to their global network of suppliers and overseas customer relationships, according to the DIHK survey. Chinese officials haven't yet commented on the prospects for resuming talks. The higher tariff rate, if implemented, would apply to a list of goods valued at $200 billion identified by t...

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  • Retailers Cash in on Sales Tax Holiday Weekend
Retailers Cash in on Sales Tax Holiday Weekend

Shoppers won't have to pay sales taxes on clothing , computers and school supplies Wednesday through Sunday. Retailers can not collect sales or use tax during the days on qualifying items. The list of tax-exempt items includes: ice packs, most batteries, portable radios, duct tape, notebook paper, diapers and light bulbs. It may be a little ...

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  • Trade Gap With China Isn’t the Problem, CEO Group Says
Trade Gap With China Isn’t the Problem, CEO Group Says

They include food products, chemicals, steel and aluminum and consumer goods ranging from dog food, furniture and carpets to vehicle tires, bicycles, baseball gloves and beauty products. Trump has ultimately threatened tariffs on over $500 billion in Chinese goods, covering virtually all US imports from China. The $200 billion list of goods targe...

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  • Apple has become the world's first trillion dollar company
Apple has become the world's first trillion dollar company

In three months, Apple saw profits of $11.5 billion on $53.3 billion in sales. Cook's hiring may have been one of the best things Jobs did for Apple . Since Cook became CEO, Apple's annual revenue has more than doubled to $229 billion while its stock has quadrupled. That's a far cry from Apple becoming some kind of poky utility, however.

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  • Chipotle closes an OH restaurant amid food scare
Chipotle closes an OH restaurant amid food scare

Chipotle has closed down one of its restaurants in Powell, Ohio for the time being after several reports of customers becoming ill. Records show local health officials inspected the location July 26 and found violations related to food not being held at proper temperatures, Business Insider said.

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  • Donald Trump mulls imposing 25% tariffs on Chinese goods
Donald Trump mulls imposing 25% tariffs on Chinese goods

China on Thursday urged the United States to "calm down" and return to reason after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25-percent tariff on $200 billion worth of Chinese imports.

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  • Apple is first public company worth $1 trillion
Apple is first public company worth $1 trillion

The stock has been surging this week as anticipation mounts for the next generation of iPhone, expected to be released in September. The $1 trillion milestone is largely symbolic, though impressive. Some market observers consider United States tech stocks to be overvalued, but few think we're in a bubble. The company's stock was at $205.98, up ...

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  • USA considers higher tariffs on $200 billion in Chinese imports
USA considers higher tariffs on $200 billion in Chinese imports

As the trade dispute between the world's two largest economies enters its second month, Mr Trump's administration said it was proposing a higher 25 percent tariff, up from the previously proposed 10 percent in July. Before the tariffs go into effect, they are subject to a public comment period. "Unilateral threats and pressure will only produce t...

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  • RBI monetary policy: Repo rate hiked by 25 bps
RBI monetary policy: Repo rate hiked by 25 bps

Reverse repo , the rate at which the RBI borrows money from commercial banks within the country, was adjusted to 6.25 per cent. "The RBI did not change its policy stance in June due to the various uncertainties they faced and the degree of uncertainty has gone up considerably compared to the last policy, so they would continue to retain the neutr...

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  • Tesla rallies after reporting better-than-expected quarterly revenue (TSLA)
Tesla rallies after reporting better-than-expected quarterly revenue (TSLA)

Tesla's Model 3 is the company's first auto aimed at a broader base of consumers, but the vehicle has faced a number of manufacturing challenges, according to Reuters . Tesla has been spending heavily as it strives to get the Model 3 - its latest auto - into the hands of customers. After a struggle Musk blamed in part on relying too much on au...

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  • U.S. sanctions Turkish government ministers over detained Pastor Andrew Craig Brunson
U.S. sanctions Turkish government ministers over detained Pastor Andrew Craig Brunson

She added that the two Turkish ministers had both played "leading roles" in the arrest of the USA pastor. Analysts say relations between the United States and Turkey have come under increasing strain in the past two years over the US role in Syria and Turkey's stronger ties with Russian Federation.

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  • Bank of Japan Shift Propels Biggest Bond-Yield Jump in Two Years
Bank of Japan Shift Propels Biggest Bond-Yield Jump in Two Years

The Nasdaq Composite Index shed 107 points, or 1.4%, to 7,630, marking the lowest close for the benchmark since 5 July. The BOJ pledged to maintain its short-term interest rate target at minus 0.1 percent and chose to guide 10-year JGB yields around zero percent.

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  • Ready-Made Salads, Wraps Recalled For Possible Parasite Contamination
Ready-Made Salads, Wraps Recalled For Possible Parasite Contamination

The cyclospora parasite causes intestinal illness as a result of consuming contaminated food or water. Indianapolis-based distributor Caito Foods LLC reported that officials with Fresh Express had issued a recall notice for chopped romaine that was used in the wraps and salads.

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  • British voters want referendum on final Brexit deal — BREXIT
British voters want referendum on final Brexit deal — BREXIT

With less than eight months until Britain is due to leave the EU, Prime Minister Theresa May has yet to find a proposal to maintain economic ties with the bloc that pleases both sides of her divided party and is acceptable to negotiators in Brussels.

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  • Good news for UAE-based NRIs after rate hike in India
Good news for UAE-based NRIs after rate hike in India

The reverse repo rate INRREP=ECI was also raised by 25 basis points, to 6.25 percent. The rates has been hiked to an extent of 10 basis points. This is the first time in almost five years that the RBI has gone for a back-to-back hike, having increased repo rate by 25 bps to 6.25 per cent + in its last policy meet in June.

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  • OnePlus surpassed Samsung to lead India’s premium smartphone segment, says Counterpoint Research
OnePlus surpassed Samsung to lead India’s premium smartphone segment, says Counterpoint Research

Samsung , which has been a reigning smartphone company in India, slipped to the second place with 34% market share while Apple was placed at the third spot with 14% share of the premium segment in the country. "The importance of Huawei overtaking Apple this quarter can not be overstated", said Ben Stanton, a senior analyst at Canalys , which...

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  • Apple stock rises after hours on blockbuster earnings report
Apple stock rises after hours on blockbuster earnings report

Apple ended the trading day with a market cap of $935.3 billion. With a market capitalization of more than $900 billion, Apple is tickling at the title of world's first trillion-dollar company. This bucket - which accounts for app purchases, Apple Care and more - surged more than 30 percent year-over-year to $9.55 billion. With approximately 4...

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  • Faced with losses, MoviePass discount tix service hikes fee
Faced with losses, MoviePass discount tix service hikes fee

That includes "peak pricing", which adds a one-time charge (in some cases, up to $4.00) when you buy a ticket to a popular movie at a popular time. According to the release, "First run movies opening on 1,000+ screens will be limited" in availability for the first two weeks of release, except those made available on a promotional basis.

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  • Homeless Man Hands Out Resume on Street, Receives Hundreds of Job Offers
Homeless Man Hands Out Resume on Street, Receives Hundreds of Job Offers

Jasmine Scofield was driving in Mountain View, California , on Friday and spotted a man standing by the side of the road with an unusual sign. She learned his name was David Casarez . But, it now looks like David won't be giving up on his dream any time soon. He said he has received expressions of interest from Netflix, Pandora, Apple, Google a...

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  • McDonald’s launches worldwide currency MacCoin
McDonald’s launches worldwide currency MacCoin

This year the Big Mac is turning 50 , which is quite the achievement for any burger from a fast food restaurant, and McDonald's is making it easier and cheaper for you to get your hands on one with the MacCoin . McDonald's in Berks County and the Lehigh Valley will be among more than 14,000 restaurants that will be participating in the celebratio...

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