• Facebook CEO Mark Zuckerberg is world’s third richest person
Facebook CEO Mark Zuckerberg is world’s third richest person

Company stock prices are up this year about 15 percent , even though they hit an eight-month low in late March after a wall of complaints over controversial data sharing by the social media giant. The so-called bug was active May 29 and June 5, and after the bug issue, Cambridge Analytica data scandal involving 87 million users brought Facebook ...

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  • Thai soccer team members rescued from cave
Thai soccer team members rescued from cave

Though four boys have been rescued as of Sunday night, the mission to extract the rest could take two to four days depending on the conditions in the cave. Known for his ambition and sometimes insane ideas, Musk promised to develop a submarine to aid in rescuing the boys. Officials said Monday that despite rain Monday morning, the weather was hol...

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  • China's ZTE names new CEO as it races to meet United States demands
China's ZTE names new CEO as it races to meet United States demands

New CEO Xu was most recently president of ZTE's telco cloud and core networks product line, according to past media reports. Wang Xiyu, Gu Junying and Li Ying have been named executive vice presidents, the statement showed. The Trump administration on Tuesday temporarily lifted part of a ban it had placed on ZTE, allowing the Chinese telecoms g...

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  • Netflix testing higher-priced ‘Ultra’ plans
Netflix testing higher-priced ‘Ultra’ plans

Streaming platform Netflix will from August discontinue a feature that allows users to read and write reviews of various movies and TV shows. Based on the report, Netflix is testing several versions of the plan that could use HDR video streaming to make it stand out from other versions.

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  • U.S. adds 213000 jobs in June, unemployment rate jumps to 4%
U.S. adds 213000 jobs in June, unemployment rate jumps to 4%

The job growth shows the labour market shrugging off worries about a slowdown triggered by trade fights or rising borrowing costs. Job creation in the world's largest economy continued its brisk pace in June but the unemployment rate jumped as more people joined the hunt for employment, according to a government report Friday.

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  • U.S. Jobs Report Underlines The Case For Rate Hikes
U.S. Jobs Report Underlines The Case For Rate Hikes

The unemployment rate ticked up to 4% from 3.8%, as the strong labour market encouraged more people to look for work. The United States has increased jobs monthly for more than seven years, but some analysts suggest that the escalating trade disputes between the U.S.

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  • Tariffs could cause OH farmers' net income to drop 59 percent
Tariffs could cause OH farmers' net income to drop 59 percent

U.S. officials accuse China of building its emerging industrial dominance by stealing the "crown jewels" of American technological know-how through cyber-theft, forced transfers of intellectual property and state-sponsored corporate acquisitions.

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  • Iran tells Trump: Please stop tweeting, you're driving up oil prices
Iran tells Trump: Please stop tweeting, you're driving up oil prices

Oil prices have risen in the past 12 months to a peak in late June and early July. Though it's unclear if the kingdom will end up pumping up to an extra two million barrels of oil per day, as Trump is demanding. These cuts have been the greatest gift to shale. As such, the long-term oil curve is in backwardation and already indicates a moderation ...

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  • Micron says China ban unfair but won't hurt revenue
Micron says China ban unfair but won't hurt revenue

In December, Micron introduced a lawsuit in United States District Court for the Northern District of California that accused UMC of stealing trade secrets and giving the technology to Jinhua. It also resells flash memory products purchased from other suppliers. Because China cannot replace Micron's supply of chips with its own domestically produ...

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  • China warns of 'counterattack' as United States tariffs take effect
China warns of 'counterattack' as United States tariffs take effect

Trump has threatened to progressively ratchet up USA penalties to a total of $450 billion in goods - which would represent the lion´s share of all of China´s exports to the United States. "China is the largest trading partner with the Port of Oakland and our exporters and importers are concerned about the potential effect of a trade war ", said Mi...

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  • Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate
Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate

The Bureau of Labor Statistics is set to release the June jobs report at 8:30 a.m. ET. Statistics Canada's Labour Force Survey says the jobless rate in June was down 0.1% from May to 5.8% . The moderate wage growth should allay fears of a strong build-up in inflation pressures. The figures for April and May were also revised up, showing that...

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  • China PM warns 'China will take measures in response' to tariffs
China PM warns 'China will take measures in response' to tariffs

However, China stopped short of actually saying it had implemented tariffs, stirring market confusion. Global stock markets managed small gains Friday, overcoming earlier wobbles prompted by China and the United States firing opening salvos in a trade war that pits the world's two biggest economies against each other .

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  • The Collapsing Kentucky Bourbon Warehouse Is No More
The Collapsing Kentucky Bourbon Warehouse Is No More

Sazerac Inc., parent company of the distillery, is now facing fines of up to $25,000 per day related to the first incident on June 22, state officials, said according to CNN . As many as 9,000 more barrels could have been smashed in the rubble on Wednesday, but officials said this time the runoff was contained before seeping into the water.

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  • Canada pushing for intensive NAFTA talks
Canada pushing for intensive NAFTA talks

Canada's Building Trades Unions (CBTU) continues to support the Federal Government in its recent efforts to respond to the Trump Administration's misguided decision to impose tariffs on the aluminum and steel industry in Canada. On Sunday, as Canada turned 151 years young, Americans turned to Twitter to not only wish our fine country a happy Cana...

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  • China central banker says currency slide under observation
China central banker says currency slide under observation

It rose further, by 0.41 per cent, to 6.6384 on Wednesday morning. Four traders told Reuters that major state-owned banks were seen swapping yuan for dollars in the forwards market and immediately selling some of them into spot market, which helped support the Chinese currency.

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  • Oil climbs despite Trump’s call for OPEC to reduce pricing
Oil climbs despite Trump’s call for OPEC to reduce pricing

The 15 member states are Iran, Iraq, Saudi Arabia, Venezuela, the UAE, Qatar, Nigeria, Libya, Kuwait, Gabon, Equatorial Guinea, Ecuador, Congo, Angola and Algeria. America wants to cut Iran's oil exports to zero by November. The early reaction to Trump's tweet was normal. Outside North America, looming US sanctions against major oil exporter I...

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  • Oil price jumps on supply issues
Oil price jumps on supply issues

According to a Reuters survey , Saudi Arabia's output is up by 700,000 barrels per day from May, while Russian output is up to 11.06 million barrels per day in June from 10.97 million barrels per day in May, according to the Russian Energy Ministry, cited by Reuters .

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  • Cabinet approves Rs 200 per quintal hike in MSP for paddy
Cabinet approves Rs 200 per quintal hike in MSP for paddy

For pulses, apart from moong, MSP of arhar ( tur ) has been raised by Rs 225 per quintal. The Narendra Modi government has cleared a new list of minimum support price for 14 summer (kharif) crops - the biggest in its tenure that will cost the state almost Rs 15,000 crore in public funds.

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  • Washington blocks China Mobile from USA market
Washington blocks China Mobile from USA market

President Donald Trump has also threatened additional tariffs on $200 billion of Chinese imports that could be implemented if China imposes counter-measures. State-owned China Mobile applied to the US Federal Communications Commission (FCC) for a licence to do so in 2011. Phone calls or other communications from U.S.

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  • Joey Chestnut downs a record 74 franks for 11th title
Joey Chestnut downs a record 74 franks for 11th title

A Las Vegas woman has consumed 37 hot dogs to win her fifth straight title in the women's side of the annual July 4 contest. The 2017 winners were Joey Chestnut and Miki Sudo , two of the most famous carnivores in the sport of competitive eating.

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  • European Union warns Trump that raised auto import tariffs would hurt US
European Union warns Trump that raised auto import tariffs would hurt US

It won't target 284 additions, worth $16 billion, until it gathers further public comments. Its tariffs are meant to deliver pain to American farmers, who overwhelmingly backed Trump in the 2016 election and whose interests are represented by powerful lobbyists and members of Congress.

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  • Chinese billionaire dies after falling while posing for a photo in France
Chinese billionaire dies after falling while posing for a photo in France

Wang's family and many friends". BEIJING-The co-chairman of HNA Group , a conglomerate that operates China's fourth-largest airline and finance, logistics and other businesses around the world, died in an accident while on a business trip in France, the company said Wednesday.

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  • Hyundai says FCA buyout rumor 'totally groundless'
Hyundai says FCA buyout rumor 'totally groundless'

Paul Singer, principal of Elliott Management, is the key figure in launching this bid and the activist shareholder has a stake worth $1 billion (Rs. 6,861 crore estimated) in Hyundai. In 2017, there were also several reports that Hyundai and FCA were exploring a merger . "That rumor is totally groundless", he said. However, they confirmed to be ...

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  • Trump threatens to leave WTO after European Union warning on vehicle tariffs
Trump threatens to leave WTO after European Union warning on vehicle tariffs

However, China's offer at the upcoming summit to open up reflects Beijing's concern that it is set to face tighter European Union controls, and regulators are also blocking Chinese takeover attempts in the United States. levy on pickup trucks. The act would allow Trump to ignore the WTO's "most favored nation" principle, which stops countries t...

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  • Giant LeBron James banner in Cleveland comes down
Giant LeBron James banner in Cleveland comes down

It's one of the most photographed attractions in Cleveland. "It's by far the strongest free agent or traded player performance we've seen in the National Basketball Association", says Jack Boyle, Fanatics' co-president of direct-to-consumer business.

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