Economy

Baldwin joins Johnson in writing Trump letter over tariffs

In a statement , he said the Trump administration was "offering welfare to farmers to solve a problem they themselves created" and suggested that the stimu...


China Rejects Donald Trump's Accusations Of Currency Manipulation

The BOJ, in turn, offered to buy an unlimited amount of five- to- 10-year Japanese government bonds on Monday. The yield on the benchmark 10-year Treasuries los...


Trump's stunning comments about the Federal Reserve could actually backfire

The Fed has been raising rates since 2015 and has already hiked them five times since Trump took office in January 2017. "I can assure because I've spoken to ...


India becomes latest country to scrap tax on sanitary towels

And now sanitary pads will not fall under any category of Good and Services Tax. Unlike cement, sanitary napkins, which have been exempt from GST, are not int...


Microsoft posts bumper Q4, with Windows, Surface, Azure all up

Nadella said on a conference call on Thursday. Alex Zukin, an analyst at Piper Jaffray, told the Associated Press that the "threat of Amazon " would work in M...


Amazon says it's working to resolve glitches

This trend of Amazon devices being popular buys extended into the Echo Spot and Show, with Prime Day being the most significant event in terms of sales ...


Trump Says He's 'Not Thrilled' About US Interest Rate Hikes

US President Donald Trump said in an interview released today he is willing to hit all Chinese goods imported to the United States with tariffs if necessary....


Netflix subscriber slip hints at 'lumpy' road ahead

Last night it was revealed in NY, that Netflix added 5.2 million users in the second quarter, about a million fewer than the company predicted. For the curr...


Thailand cave rescuer may sue Elon Musk for calling him a pedophile

Hours later, a dive team sans submarine began extracting the children - ultimately successfully. In a Tweet , Musk had proposed "a tiny kid sized submarine" ...


Whole Foods teams up with Amazon for Prime day

For brands looking to cash in on the wider impact of Prime Day on consumers, they will need to be aware of regional differences, with the research revealing d...


Tesla commits to 500,000-car factory in China as tarrifs kick in

Local production would also allow Tesla to reach a wider audience of buyers in China and in the Asia-Pacific region, offering lower prices and tailoring the v...


USA job growth strong but unemployment rate rises to 4%

The figures for April and May were also revised up, showing that 37,000 more jobs were created in these months than previously estimated. Economists had ...


US Politics: Trump's OPEC tweet expands threat of trade war

Brent for September settlement lost 52 cents to $77.72 a barrel on the London-based ICE Futures Europe exchange. US crude futures were up 32 cents at 74.46 do...


With Widespread Support, Lopez Obrador Wins Mexico’s Presidency

The brash U.S. leader has also threatened to tear up NAFTA, the two-decade-old North American Free Trade Agreement. He will face a laundry list of challenges,...


United States oil touches $75 amid fears Iran will block Middle East shipments

The president, in an interview with Fox News' "Sunday Morning Futures with Maria Bartiromo", also said he would not complete a new NAFTA trade deal with Canad...


Tesla hits Model 3 manufacturing milestone: factory sources

In a recent financial filing, Tesla reports that it has reached its Model 3 electric auto production goal of 5,000 per week. But that's not all. On the ot...


Amazon buys online pharmacy PillPack in latest healthcare push

Amazon's acquisition of PillPack is sure to rankle the business-development team at Walmart , which was reportedly looking at buying the pharmacy startup ...


Bali airport resumes operations day after volcano Mount Agung erupts

Bali's main global gateway will be closed until at least Friday evening, according to officials who spoke to AFP news agency. Denpasar Airport remains open,...


'Cutting Iran's oil from market by November impossible'

Iranians across the country have been protesting the nation's crumbling economy and government leadership for months. The protests, which began on Monday in T...


China Says Washington Trade Actions Will Hurt American Workers

Goods from China are offloaded June 20 at a California port. Trump is due to announce new investment and export restrictions this week. The current United S...