• Alphabet reports solid Q2 earnings despite EC fine
Alphabet reports solid Q2 earnings despite EC fine

It is appealing the ruling. The European Union's previous record fine was also aimed at Google, a $2.7 billion levy it imposed past year for unfairly favoring its comparison-shopping service in its search results. That figure is way down from last quarter when Google spent $7.67 billion, a number that was juiced by the $2.4 billion purchase o...

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  • Winning numbers drawn in $433M Mega Millions game
Winning numbers drawn in $433M Mega Millions game

And while no one had all six numbers in the last drawing on Tuesday night, three tickets matched five to win $1 million each. Consult with a financial advisor. Since then, more than 14 million winning tickets, at all prize levels, have been sold. Both jackpots start at $40 million and roll until the jackpot is won.

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  • Trump threatens tariffs on all US$505 billion of Chinese imports
Trump threatens tariffs on all US$505 billion of Chinese imports

Ultimately, the trade war with China could end up being a major losing endeavour for the U.S., assuming that Trump isn't merely bluffing in order to facilitate further discussions on what he would consider an amicable trade agreement.

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  • Gold Rate Today: Gold, silver offer a mixed picture
Gold Rate Today: Gold, silver offer a mixed picture

Palladium was down 0.1 percent at $905.47 per ounce. "Crude has been rising steadily so some kind of adjustment was due". The currency fell to a three-week low of $1.3068 overnight as investors expected more Brexit challenges after Theresa May's government only narrowly won a parliamentary vote on post-Brexit trade with the European Union.

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  • South Korea not issuing passports to North Korean waitresses, report says
South Korea not issuing passports to North Korean waitresses, report says

The one-day trip is meant to jointly conduct inspections with North Korea on railways running along the east coast of the Korean Peninsula. North Korea's economy contracted at the sharpest rate in two decades in 2017, South Korea's central bank estimated on Friday, in a clear sign worldwide sanctions imposed to stop Pyongyang's nuclear and miss...

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  • Trump claims Fed rate hikes hinder USA economy
Trump claims Fed rate hikes hinder USA economy

Trade discussions aimed at defusing tensions between the USA and China have stalled, and Treasury Secretary Steven Mnuchin said the US would only be willing to get back to the table if China agrees to deepen structural changes to its economy.

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  • Interim Finance Minister Piyush Goyal to chair GST Council meet today
Interim Finance Minister Piyush Goyal to chair GST Council meet today

Sanitary napkins used to attract 12 per cent tax under GST. The revised tax rates will come into effect from 27 July, Finance Minister Piyush Goyal told media after the 28th meeting of the GST Council. Two simplified forms for GST returns, Sugam and Sahaj, have also been approved for business-to-business and business-to-consumer enterprises by t...

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  • Kudlow Agrees With Trump's Trade Pressure on China
Kudlow Agrees With Trump's Trade Pressure on China

Trump considers the EU's 10 percent tariff on cars to be unfair compared to the US 2.5 percent tariff, although the United States maintains a 25 percent tariff on pickup trucks. "And China's going to have to come around". China could end the USA tariffs by providing a more satisfactory approach. Chunying said: "Every innovative achievement we hav...

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  • Donald Trump: China and European Union ‘Manipulating Their Currencies’
Donald Trump: China and European Union ‘Manipulating Their Currencies’

Benchmark 10-year US notes US10YT=RR last fell 14/32 in price to yield 2.8968 percent, from 2.847 percent late on Thursday. China has so far met USA tariffs with equal retaliatory tariffs, but with only $130 billion in US goods exported to China, it's not possible for President Xi Jinping it to match tariffs on a half-trillion dollars of prod...

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  • Trump criticizes Federal Reserve, breaking long-standing practice
Trump criticizes Federal Reserve, breaking long-standing practice

An afternoon recap of the day's most important business news, delivered weekdays. Mr Trump also tweeted that China and the European Union were manipulating their currencies, creating an uneven playing field. In a bit of hyperbole, former Fed Gov. Frederic Mishkin , on CNBC, brought up the example of Turkey President Recep Tayyip Erdogan's rece...

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  • Microsoft Sales Top Estimates With More Clients Signing Up for Cloud
Microsoft Sales Top Estimates With More Clients Signing Up for Cloud

It's the time of year where companies start declaring their quarterly financial earnings, and Microsoft is no different. Perhaps the most surprising thing about Microsoft's quarter is that it didn't call out its commercial cloud run rate, which is now more than $27 billion.

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  • Trump's Fed bashing could backfire by stiffening rate-hike resolve
Trump's Fed bashing could backfire by stiffening rate-hike resolve

Trump said he is "not thrilled" about the Fed's recent interest rate hikes. While the Fed has raised rates, they remain low on a historical basis. On Friday, the Axios news website reported that Kudlow had said Trump was "not going to let go" of the trade issue.

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  • WTO review of China's trade policies successful
WTO review of China's trade policies successful

It could deploy measures against USA multinational companies operating in China such as consumer boycotts. On July 14, China's Ministry of Finance set up the "U.S. Hua pointed out that China had recently released a white paper, "China and the World Trade Organization". That move followed China announcing 25% tariffs on 545 United States items w...

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  • MABUX says high volatility remains in global bunker market
MABUX says high volatility remains in global bunker market

Investors have also begun to worry about the impact on economic growth and energy demand of the trade dispute between the USA and its trading partners, including China. After Trump made his remarks in May, the presidents of Russia (Vladimir Putin) and of France (Emmanuel Macron) said that they would protect their companies from US sanctions, sinc...

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  • Google Fined RM20.3 Billion By EU Over Abuse Of Android OS
Google Fined RM20.3 Billion By EU Over Abuse Of Android OS

The result: A whopping £3.78 billion fine against the company, calculated from Google's revenue from search and advertising services made via Android handsets across the European Economic Area, and the requirement that Google and parent company Alphabet cease their illegal conduct within the next 90 days or face daily non-compliance fines of up t...

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  • May avoids defeat in key Brexit bill
May avoids defeat in key Brexit bill

And Wes Streeting, a supporter of the People's Vote campaign for a second referendum, said: " Boris Johnson's speech was a total damp squib". British Prime Minister Theresa May faces more rebellion in Parliament over her plans for the country's exit from the European Union, with lawmakers voting on a Brexit trade bill a day after she narrowl...

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  • August rate hike 'less of a dead cert' after surprise inflation figures
August rate hike 'less of a dead cert' after surprise inflation figures

Smith & Williamson Global Inflation-Linked Bond Fund manager Thomas Wells says the Bank of England will now find it hard to increase interest rates when its committee next meets on 2 August. There was also downward pressure from computer games, toys and hobbies. Month-on-month growth turned negative, with sales shrinking by 0.5% between May and J...

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  • MGM Resorts Sue Las Vegas Shooting Victims, Denying Liability
MGM Resorts Sue Las Vegas Shooting Victims, Denying Liability

A lawsuit filed by MGM Resorts International , owner of the Las Vegas hotel from which Stephen Paddock fatally shot 58 people and wounded hundreds, is drawing outrage from survivors of the deadliest mass shooting in US history. The owner of the Mandalay Bay hotel claims a 2002 federal statute wipes out liability for any company that ad...

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  • Blue Origin tests new motor during blastoff from Texas facility
Blue Origin tests new motor during blastoff from Texas facility

Editor's note: Blue Origin successfully completed the ninth test flight of its New Shepard rocket Tuesday from its test facility in west Texas. During the launch, Blue Origin engineers were looking for the "red line" on that system, company spokesperson Ariane Cornell said on a webcast during the run-up to the launch, comparing it to the high...

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  • Schnatter, lawyers send letters to Papa John's Board of Directors
Schnatter, lawyers send letters to Papa John's Board of Directors

He bought three units in a new condominium-and-residence complex in Deer Valley for about $23 million, The Wall Street Journal reported . Schnatter remains on the board and still owns 30% of the company's shares. Schnatter cease all media appearances, and not make any further statements to the media regarding the company, its business or emplo...

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  • Papa John’s Further Shuns Founder, Evicting Him From Offices
Papa John’s Further Shuns Founder, Evicting Him From Offices

This week, Papa John's was already trying to further publicly distance itself from Schnatter after Forbes reported he used the N-word during a conference call in May. Senior management is also planning a road trip, the letter said, where the team will listen to franchise owners and employees' feedback on a path to move forward.

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  • UK PM May Threatened Rebels with A National Election
UK PM May Threatened Rebels with A National Election

The government was widely expected to be defeated on the rebel trade bill amendment which could have forced May to try to keep Britain in a customs union with the EU if no agreement had been reached on frictionless trade by January 21, 2019.

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  • Elon Musk calls Thai rescuer a 'pedo'
Elon Musk calls Thai rescuer a 'pedo'

It responded to Musk in his Twitter , he called the opponent a pedophile, noting that he had not seen the Unsworth at the scene, and Thai Marines that saved the children "really cool". He added that Mr Musk was asked to leave "very quickly" when he arrived. When a CNN journalist pointed out that Musk had been inside the cave, Unsworth shru...

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  • Netflix drops dud on Wall Street as subscriber growth flops
Netflix drops dud on Wall Street as subscriber growth flops

The company called its performance in the second quarter "strong but not stellar". Membership in the quarter grew 5.2 million to a total of 130m, matching the same period a year ago but a million shy of what Netflix forecast, according to a letter released along with earnings figures.

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  • Here's what you get with an Amazon Prime subscription
Here's what you get with an Amazon Prime subscription

In addition, those shoppers who spend a minimum of $100 on Target .com on July 17 will receive a free six-month membership for same-day delivery, shopped by Shipt (a almost $50 savings). Ahead of Prime Day next week, Amazon is offering an extra 20% discount on over 200,000 products available on Amazon Warehouse exclusively for Prime members.

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