• Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine
Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

Their average price target is now $1,340 - up from $1,259 last week - according to data compiled by Bloomberg. Diluted earnings per share came to $11.75 or $4.54 after the fine; in Q2 2017, EPS was $8.90 and would have been $5.01 had the fine been taken into account.

Read more

  • Iran's FM Javad Zarif tweets back at Trump: 'BE CAUTIOUS!'
Iran's FM Javad Zarif tweets back at Trump: 'BE CAUTIOUS!'

But most of Trump's commentary on this issue has to do with his freakish - and ultimately disproved - theory that Obama was preparing to go to war with Iran for political purposes. Mr Trump this year pulled the USA out of the global deal meant to prevent Tehran from developing a nuclear weapon and ordered increased American sanctions .

Read more

  • Business groups urge U.S. not to impose more tariffs on Chinese imports
Business groups urge U.S. not to impose more tariffs on Chinese imports

Although some have applauded the president for trying to clamp down on unfair trade practices by China , farmers have repeatedly warned that it could threaten their already struggling industry. Sen. Ron Johnson (R-WI) even compared the policy to Soviet Union-style market controls. "America's farmers don't want to be paid to lose - they want to win...

Read more

  • China rejects Trump accusations of yuan manipulation
China rejects Trump accusations of yuan manipulation

Asian shares dipped on Monday while the dollar fell after US President Donald Trump criticised the Federal Reserve's monetary policy and amid reports Japan's central bank could wind back its massive fund purchases. Mr. Trump said in a tweet and in a television interview he wasn't happy that the Fed is raising short-term interest rates, which he s...

Read more

  • Satellite images suggest North Korea dismantling key rocket launch site
Satellite images suggest North Korea dismantling key rocket launch site

US President Donald Trump said North Korea's leader Kim Jong-un had vowed to destroy an engine test site, but did not specify which one. Kim Jong-Un and Donald Trump met in Singapore in June. "We've been pressing for there to be inspectors on the ground when that engine test facility is dismantled consistent with Chairman Kim's commitment", P...

Read more

  • United States to give farmers $12bn trade war bailout
United States to give farmers $12bn trade war bailout

Department of Agriculture's broad authority and two commodity support programs in a farm bill under consideration in Congress. The US plans to provide subsidies to farmers and buy unsold crops, among other measures. Bob Corker, R-Tenn., told reporters in Washington Tuesday. "This administration's tariffs and bailouts aren't going to make America ...

Read more

  • Tesla Asks Suppliers for Cash to Stay Afloat
Tesla Asks Suppliers for Cash to Stay Afloat

A memo sent to suppliers allegedly asked the third parties to send back a "meaningful" amount of cash for work dating back as early as 2016. Tesla stock fell 3.5 percent to $302.61 Monday afternoon. "It sounds like something that happens when you're struggling". The company has been burning cash at worrying rates, with US$1 billion spent during...

Read more

  • Now only 35 items come under GST's 28% tax slab
Now only 35 items come under GST's 28% tax slab

In January this year, a group of students from Gwalior had launched a campaign by writing messages on sanitary napkins to Prime Minister Narendra Modi , urging him to exempt the taxes levied on the product and make it free of cost. During the meeting, the council also made certain amendments to the GST Act including raising the upper limit of tu...

Read more

  • Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing
Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing

This is the sixth largest jackpot in the games history, and the seventh time its exceeded 400 million dollars. The winning numbers will be drawn on Friday at 11 p.m. While no one won the big prize, the lottery announced two tickets - in IL and Pennsylvania - won $1 million each. The last jackpot was won on May 4.

Read more

  • Trump threatens tariffs on Chinese imports
Trump threatens tariffs on Chinese imports

The Nasdaq composite gave up 5.10 points, or 0.1 percent, to 7,820.20. Investors flocked to bellwether stocks in the electronics and financial sectors, leaving the stocks of small or medium-sized companies vulnerable to selling pressure, they added.

Read more

  • Ritz recall: Certain snacks recalled due to salmonella concerns
Ritz recall: Certain snacks recalled due to salmonella concerns

The recalled Ritz Cracker Sandwiches and Ritz Bits products contain whey powder, which has been recalled by its supplier, announced the maker of the Ritz products , Mondelez Global LLC, Saturday. "Young children, pregnant women, the elderly and people with weakened immune systems may contract serious and sometimes deadly infections", the agency wa...

Read more

  • Ritz crackers recalled due to salmonella concerns
Ritz crackers recalled due to salmonella concerns

According to the company, the products contain whey powder as an ingredient. The breaded nuggets, offered at Maxi, Provigo, AXEP and Intermarché grocery stores in Quebec, were sold in boxes of 907 grams with the best before date "2019 MA 15".

Read more

  • Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks
Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks

Both Brent crude and USA benchmark West Texas Intermediate fell more than 4 percent Monday, with the former hitting three-month lows of below $72 a barrel. US drillers this week cut five oil rigs, the most since March, according to a Baker Hughes report RIG-OL-USA-BHI, with the rate of growth slowing over the past month with recent declines in crud...

Read more

  • Marchionne exits Fiat Chrysler, Ferrari amid health crisis
Marchionne exits Fiat Chrysler, Ferrari amid health crisis

The 66-year-old has made no secret of plan to hand over the wheel at FCA in 2019, along with his joint chief executive and chairman role at Ferrari , which was spun out of the company three years ago. "I would ask everyone for their understanding in these circumstances and to respect Sergio's privacy and that of those who are dear to him". His...

Read more

  • Indian rupee rises 21 paise to 68.36 against United States dollar
Indian rupee rises 21 paise to 68.36 against United States dollar

That's because the Fed's normal response to higher inflation is to raise interest rates, not lower them. "The dollar stands to gain further, particularly against the yen, with risk aversion in the equity markets petering out", said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

Read more

  • Speakers, TVs, Kleenex in demand on Amazon Prime Day
Speakers, TVs, Kleenex in demand on Amazon Prime Day

Amazon's 2018 Prime Day event got off to an inauspicious start at 3 p.m. Amazon's independent vendors also had a good day. Amazon claimed that this year's Prime Day (July 16) was the biggest shopping event in Amazon history, with over 100 million products sold - despite the website's temporary crash on Monday afternoon.

Read more

  • GST rates slashed on several products
GST rates slashed on several products

This would mean there would be no input tax credit available, even though inputs in the production of sanitary napkins are taxed. He said, lithium-ion batteries, vacuum cleaners, food grinders, mixers, storage water heaters, hair dryers, hand dryers, paint, varnishes, water cooler, milk cooler, ice cream coolers, perfumes, toilet sprays and toile...

Read more

  • Australia: Unemployment rate stays at 5.4% in June - TDS
Australia: Unemployment rate stays at 5.4% in June - TDS

It helped the unemployment rate stay steady at 5.4 per cent due to a lift in participation. It was the third consecutive month that the jobless rate fell. "With full-time contributing most of the gain +41k while part-time rose +10k, hours worked increased by 0.6% which all together rounds out a positive June employment result".

Read more

  • United Nations diplomats: Russian Federation and China block U.S. on North Korea oil
United Nations diplomats: Russian Federation and China block U.S. on North Korea oil

They informed Dutch Ambassador to the U.N. Karel van Oosterom - who chairs the U.N. committee on North Korea sanctions - that they were requesting information on each of the 89 transfers, essentially delaying the "halt" on the illicit transfers that the US wants.

Read more

  • Amazon Prime Day Fashion and Beauty Deals Worth Shopping
Amazon Prime Day Fashion and Beauty Deals Worth Shopping

In the first 15 minutes of Prime Day , Tomofun sold 500 units of its Furbo dog camera. Last year, Amazon brought in an estimated $1 billion in sales on it's third-annual Prime Day . Here are the absolute best deals and promotions being made available to Prime members . After the United States, Germany is Amazon's second largest natio...

Read more