• USA proposes tariffs on 200bn dollars more in Chinese imports
USA proposes tariffs on 200bn dollars more in Chinese imports

Shortly afterward, retaliations began with China imposing tariffs on $3 billion worth of imported US pork, fruit, steel pipes and recycled aluminum. The 25% tariff Trump slapped on most steel imports in March helped revive a steel plant here that had been forced to lay off roughly 2,000 workers in 2015.

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  • Apple shares soar in after-hours trade as earnings beat expectations
Apple shares soar in after-hours trade as earnings beat expectations

According to CNN , analysts expected Apple to sell nearly 42 million iPhones, less than last quarter, as a result of users already owning the newest models or waiting for newer ones. It has also soothed investor concerns with a US$100 billion stock buyback program and promises of growth from services such as streaming music and video, wher...

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  • Harley-Davidson rebels with an electric motorcycle
Harley-Davidson rebels with an electric motorcycle

This new product and broader distribution are meant to fuel Harley-Davidson's customer access and growth in India, one of the largest, fastest growing markets in the world, and other Asia markets. Harley-Davidson has seen a recent surge in sales in Asia and India. Levatich said Harley-Davidson is an apolitical business. Trump complained when Harl...

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  • Facebook Hit With Lawsuit After Historic Stock Plunge
Facebook Hit With Lawsuit After Historic Stock Plunge

These moves have likely impacted Facebook's earning projections and user numbers, which led to the 24 percent reduction in its stock value. Facebook had the largest-ever loss of value in one day for a United States traded company. During a routine call with analysts, Facebook's chief financial officer, David Wehner, startled brokerages by c...

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  • US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin
US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin

Trump added they would try to "resolve" steel and aluminum tariffs he imposed earlier this year and retaliatory duties the European Union levied in response. President Donald Trump whether they involve $16 billion or $200 billion of Chinese imports, the official said Thursday, asking not to be identified.

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  • Amazon profit crosses $2 billion, company's highest-ever
Amazon profit crosses $2 billion, company's highest-ever

Amazon Web Services sales hit $6 billion, marking a yearly growth rate of nearly 50 percent, while the segment's profit was $1.64 billion. Amazon .com's quarterly profits hit a record $2.5 billion, the technology giant announced Thursday, as it races to become the world's first trillion dollar company.

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  • Twitter stock sinks after reporting decline in active users
Twitter stock sinks after reporting decline in active users

Twitter is fighting against spam, bots and trolls along with rivals like Facebook and YouTube, which all face public scrutiny over how their platforms have been manipulated by bad actors. Nonetheless, the newly announced decline in monthly users clearly anxious investors. A big cause of Wall Street's concern: Facebook's user growth, once the st...

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  • Facebook Registers Subsidiary in China, Website Still Banned
Facebook Registers Subsidiary in China, Website Still Banned

Facebook has created similar hubs in France, Brazil, India and Korea to focus on training and workshops, the spokesperson said. Facebook was dealt a further blow a year ago when government censors blocked its WhatsApp messaging app leaving it scrabbling to find ways of circumventing the ban and establish a presence within the lucrative Chinese ma...

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  • Trump holds off on planned European Union vehicle tariffs
Trump holds off on planned European Union vehicle tariffs

He stressed the U.S.is working on a deal towards "zero tariffs, zero non-tariff barriers, and zero subsidies". The European Commission said on Wednesday (11 July) that "all possible options" are on the table to respond to the confirmation of the U.S.

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  • Brics investment deals good news for poor South Africans
Brics investment deals good news for poor South Africans

Chinese President Xi Jinping said there would be no victor in a global trade war, urging fellow developing powers on Wednesday to reject unilateralism in the wake of tariff threats by U.S. As part of his five-day official tour, Modi first visited Kigali, Rwanda on Monday where he held wide-ranging talks with President Paul Kagame and the two side...

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  • Facebook hammered as user growth cools
Facebook hammered as user growth cools

During the call, Facebook Chief Executive Mark Zuckerberg tried to recast the disappointing earnings. " Facebook's stock has proven impervious to all manner of bad news, so it may quickly rebound", according to Wired . National Religious Broadcasters President Jerry Johnson told CBN News in an April interview that Facebook should apply th...

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  • Oil prices ease, but Brent still set for weekly gain
Oil prices ease, but Brent still set for weekly gain

In the wake of halting Saudi oil shipment through Bab al-Mandeb following the Houthi militias attack on Wednesday on two Saudi oil tankers , the Kingdom still has another option represented by the major oil terminal in Ras Tanura - also home to the country's largest refinery - on its eastern coast.

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  • SEC Rejects Winklevoss Bitcoin ETF Proposal
SEC Rejects Winklevoss Bitcoin ETF Proposal

While there are numerous other bitcoin-related ETF proposals now lodged with the SEC, those of VanEck and SolidX have generated by far the most attention - with several hundred comments submitted regarding the proposals on the SEC website.

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  • Facebook stock hammered after earnings miss, slow growth forecast
Facebook stock hammered after earnings miss, slow growth forecast

For numerous world's richest people, losing $16.8 billion in a day would be a wipeout. If that holds through Thursday's close, he will slide to sixth place from third on the Bloomberg Billionaires Index . After the General Data Protection Regulation took effect in Europe, Facebook started asking people to check their privacy settings and to ma...

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  • United States and European Union agree to work towards lower trade barriers
United States and European Union agree to work towards lower trade barriers

The statement came after Trump had threatened tariffs on auto imports and reports that the European Union is planning retaliatory measures. The Trump administration on Tuesday said it would provide up to US$ 12 billion in aid for USA farmers to shield them from the repercussions felt by trade spats between the United States and China , th...

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  • European Union rejects May's financial services Brexit plan
European Union rejects May's financial services Brexit plan

During his evidence, Mr Raab insisted there were "no tensions" as he gave evidence to MPs alongside Mrs May's top aide Olly Robbins - who has just been handed more powers. LONDON-The UK's Brexit lawmaker has admitted that the British government will have to make sure there are adequate food supplies in the event that a deal can't be reached on Brex...

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  • Farmers React to $12 Billion Bailout to Make Up for Tariffs
Farmers React to $12 Billion Bailout to Make Up for Tariffs

The US imported roughly $46bn of the two metals in 2017. Trump has in recent months engaged in a multifront trade confrontation, imposing steep tariffs on steel, aluminum and tens of billions of dollars in Chinese goods, which sparked swift retaliation against key USA farm products like soy and pork.

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  • Winning Ticket For $522 Million Mega Millions Jackpot Sold In San Jose
Winning Ticket For $522 Million Mega Millions Jackpot Sold In San Jose

Tickets for Mega Millions are valid for one year from the drawing date. Feeling lucky? You may want to buy your ticket from one of these Houston stores with a track record of selling winning lottery tickets. The estimated jackpot prize amount has been revised based on final sales totals and is now worth an $543 million, up from an estimated $52...

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  • Facebook shares in free fall as weak outlook stuns market
Facebook shares in free fall as weak outlook stuns market

During the conference call, Facebook executives warned that revenue growth rates will decline by "high single digit" percentages in the coming quarters . Facebook's daily and monthly user counts were up 11 percent year-over-year, confirming that the momentum of its business is still overpowering its PR problems that took place prior to the company...

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  • China's Xi opens BRICS summit in South Africa
China's Xi opens BRICS summit in South Africa

The next decade will be a crucial one in which new global growth drivers will take the place of old ones, seeing faster changes in the worldwide landscape and the worldwide alignment of forces, and witnessing a profound reshaping of the global governance system, Xi said while addressing the BRICS Business Forum in Johannesburg, South Africa.

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  • Trump, EU president make joint statement amid trade tensions
Trump, EU president make joint statement amid trade tensions

The president is meeting with European Commission President Jean-Claude Juncker on Wednesday. Either a country which has treated the United States unfairly on trade negotiates a fair deal, or it gets hit with tariffs. But, Xi said, it should not be discarded "as long as it is rule-based, aims to be equitable and pursues win-win outcomes as its go...

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  • GOP decries Trump offer of $12B aid to offset tariffs
GOP decries Trump offer of $12B aid to offset tariffs

European Union Commission President Jean-Claude Juncker (zhahn-KLOHD' YUN'-kur) is telling President Donald Trump that the E.U. and U.S. are partners and allies, "not enemies", and must work together at the start of trade negotiations between the two major economies.

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  • Four Goldfish flavors recalled over Salmonella risk
Four Goldfish flavors recalled over Salmonella risk

Pepperidge Farm has recalled four flavors of its popular Goldfish crackers . All four varieties have been pulled from the shelves while Pepperidge Farm investigates the situation. The recall from Campbell Company of Canada was triggered by one in the U.S. These products have been disturbed to thousands of stores throughout the United States.

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  • Fiat Chrysler CEO Sergio Marchionne, dies aged 66
Fiat Chrysler CEO Sergio Marchionne, dies aged 66

The holding company of the Agnelli family, which founded Fiat, confirmed Wednesday that Marchionne, 66, had died. "Unfortunately, what we feared has come to pass. The timing of his death is especially tragic given his plans to hand over the reins of Fiat and Ferrari to a hand-picked successor next year, having been working behind the scenes for...

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  • Winning numbers drawn for $522 Mega Millions jackpot
Winning numbers drawn for $522 Mega Millions jackpot

According to the Kansas Lottery , Tuesday night's Mega Millions drawing will be an estimated $493 million, with a cash option of $296 million. Since there hasn't been a victor in weeks, the jackpot has climbed to an estimated $522 million.

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