Business

Daily News layoffs announced

Daily News layoffs announced Tronc declined comment when reached by Fox News . In a sign of the tabloid's faltering economic health, it was sold for only $1. "The history of this city has been chronicled by the New York Daily News ". "The decisions being announced today reflect the realities of our business and the need to adapt an ever-changing media environment", the memo continued . [Full Article...]

U.S. President Trump says 'tariffs are the greatest'

U.S. President Trump says 'tariffs are the greatest' Retaliatory tariffs on goods such soybeans, pork, beef and bourbon have hit farmers' and others' bottom lines in Wisconsin, North Carolina, Ohio, Iowa and Kentucky. A number of White House officials, who have been apprehensive about Trump's use of tariffs, had hoped that other countries would quickly offer concessions before things escalated further. [Full Article...]

Trump Threatens Iran in Late-night All-caps Tweet

Trump Threatens Iran in Late-night All-caps Tweet Both the tweet and the speech landed less than two weeks before the administration will begin re-imposing sanctions on Iran that had been lifted under the 2015 nuclear deal. Pompeo also tweeted a succession of messages in Persian, trying to bring his message directly to any Iranians who are able to skirt their country's censors. [Full Article...]

Google owner Alphabet's profits drop after $5bn fine but shares surge

Google owner Alphabet's profits drop after $5bn fine but shares surge Shares of Google parent Alphabet soared to all-time highs Monday evening, after the company posted a surge in ad revenue that partially made up for a record-breaking $ 5 billion fine from the EU. Some in the industry also cite GDPR, which convinced more advertisers to funnel ad spending to Google and its main rival Facebook Inc. However, Google has to replace one of its top cloud executives aft... [Full Article...]

Goldfish Crackers Recalled Due To Salmonella Risk

Goldfish Crackers Recalled Due To Salmonella Risk Pepperidge Farm is voluntarily recalling four varieties of Goldfish Crackers because of fears they could have salmonella . Those products are the only ones from Pepperidge Farm that are involved in a recall. Consumers who have purchased these products are urged not to eat them. Recalled products should be thrown out or returned to where they were bought for a full refund. [Full Article...]

US Treasury Secretary denies any chance or a currency war

US Treasury Secretary denies any chance or a currency war U.S. President Donald Trump upped the ante in America's trade conflict with China by threatening to impose tariffs on a range of Chinese goods to the value of $200 billion. Investors are now looking ahead to an important meeting between Trump and European Commission President Jean-Claude Juncker in the White House where they will discuss potential USA tariffs on European goods. [Full Article...]

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

Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine Google lawyers talked to their European Union counterparts about the possibility of a settlement in June 2017, weeks after the company had been fined €2.4 billion for abusing its dominant position to promote its shopping service. "While advertising on YouTube is an incredibly strong and growing source of income for creators, we are also investing in new ways for creators to generate revenue on... [Full Article...]

Tesla pushes suppliers to return payments

Tesla pushes suppliers to return payments Now that Tesla has achieved its target of 5,000 units per week production rate, the company is in a better position to negotiate with suppliers. Tesla did not immediately respond to a request for comment from CNNMoney. June 22, 2018. "It sounds like something that happens when you're struggling", he said. In a memo to targeted suppliers, management framed the appeal as an "investment", an oppo... [Full Article...]

Over 50 products cheaper as GST Council slashes rates

Over 50 products cheaper as GST Council slashes rates Addressing a presser, Goyal said, "After careful considerations and discussion with the state finance ministers, we (the GST Council) have made a decision to implement these changes for the welfare of the middle classes and small businesses and traders". [Full Article...]

Trump warns Iran of dire 'consequences' as war of words escalates

Trump warns Iran of dire 'consequences' as war of words escalates Mr Rouhani suggested peace was still possible and said: "America must understand well that peace with Iran is the mother of all of peace, and war with Iran is the mother of all wars". "The level of corruption and wealth among regime leaders shows that Iran is run by something that resembles the mafia more than a government". "Such policies will unite Iranians who will overcome plots against th... [Full Article...]

Tesla reportedly asks for money back on payments to suppliers

Tesla had about $3.2 billion in cash as of the first quarter ended March 31, after spending about $1 billion in the quarter. The company's rapidly weakening cash position has spooked investors, and comes despite the claims of founder Elon Musk that Tesla is now a "real" carmaker after hitting a weekly goal of producing more than 5,000 mass-market Model 3s, the rate of production that the manuf... [Full Article...]

What is a currency war and could Trump trigger one?

What is a currency war and could Trump trigger one? After weeks of unproductive parleys, the U.S. early in July slapped 25 percent tariffs on about $ 34 billion of Chinese mechanical and technological products - evoking a swift response from China which said it would hit back equally. Here's a breakdown of how Trump's trade fight is starting to take its toll. "No president should interfere with the workings of the Fed ", Fisher said. [Full Article...]

Oil prices set for weekly drop as trade worries weigh

Oil prices set for weekly drop as trade worries weigh Taken together, there is no such a lack of supply as it looked a week ago. United States drillers this week cut oil rigs by the most since March, with the rate of growth slowing over the past month with recent declines in crude prices. It has lost 0.8 percent this week. The kingdom initially planned record output of 10.8 million barrels per day, people briefed on output policy said last month. [Full Article...]

Mega Millions Jackpot Increases to $433 Million Ahead of Friday Night’s Drawing

Mega Millions Jackpot Increases to $433 Million Ahead of Friday Night’s Drawing The Mega Millions jackpot rose to an impressive $433 million Friday morning, while the Powerball remained at $130 million after Wednesday's drawing. A 20-year-old Florida man won $451 million in January. In all, three Mega Millions jackpots have been awarded in 2018. Mega Millions tickets cost $2 per play or toss in an extra dollar for the multiplier, which can be two times or up to five times t... [Full Article...]

Ritz Bits pulled from shelves due to possible salmonella contamination

Ritz Bits pulled from shelves due to possible salmonella contamination Mars Food Canada says the seasoning pouches in its Uncle Ben's Fast & Fancy Broccoli and Cheddar , and Fast & Fancy Country Chicken flavoured rice could be contaminated with Salmonella . Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In a statement, the company said it is conducting the recalls "out of an a... [Full Article...]

Stocks end slightly lower; dollar declines

Stocks end slightly lower; dollar declines But financial analysts say while trade tensions rattle investors, the decline has been driven mostly by China's slowing economic growth and the diverging direction of US and Chinese interest rate policy. They said, 'Now you're more than complaining. GE, which has been selling and splitting off businesses, also cut its forecast for how much cash its businesses will generate. [Full Article...]

Heathrow airport is closed for arriving and departing flights

Heathrow airport is closed for arriving and departing flights The alert disrupted services at Terminal 5 for BA, and briefly forced flights to be diverted to other airports. The Airbus A320 needed to be towed off the runway. No-one was injured in the incident and passengers were able to disembark from the plane a short time later. A spokeswoman for Gatwick Airport told Daily Star Online: "Flight BA2605 inbound from Naples to London Gatwick landed with a ... [Full Article...]

Two Uncle Ben's rice products recalled over Salmonella concerns

The recall only affects products sold in eastern Canada. Christie brand Ritz Bits Sandwiches in cheese and pizza flavours sold across the country are being recalled due to possible Salmonella contamination, according to the Canadian Food Inspection Agency. [Full Article...]

Parasite outbreak that's sickened 163 people linked to McDonald's salads

Parasite outbreak that's sickened 163 people linked to McDonald's salads More illnesses have been reported across the United States in two separate cyclospora outbreaks, federal health officials said Thursday . McDonald's salads have been linked to 163 "laboratory-confirmed" cases of cyclosporiasis across 10 USA states, according to the Centers for Disease Control . [Full Article...]

Facebook suspends analytics firm over data usage

Facebook suspends analytics firm over data usage Facebook announced Friday it is suspending its contracts with a Boston-based analytics firm to investigate whether the company violated the social-media giant's policies regarding the use of members' public data. Crimson Hexagon says it has the largest repository of public social media posts, . "No one using Crimson Hexagon would be able to learn anything about an individual that isn't already con... [Full Article...]


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