• 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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  • Donald Trump downbeat ahead of trade talks with EU
Donald Trump downbeat ahead of trade talks with EU

Additionally, USDA will use CCC Charter Act and other authorities to implement a Food Purchase and Distribution Program through the Agricultural Marketing Service to purchase "unexpected surplus of affected commodities such as fruits, nuts, rice, legumes, beef, pork and milk for distribution to food banks and other nutrition programs".

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  • Trump administration unveils $12B aid for farmers hurt by tariffs
Trump administration unveils $12B aid for farmers hurt by tariffs

The food purchased from farmers would include some types of fruits, nuts, rice, legumes, dairy products, beef and pork, officials said . A number of other Republicans have also criticized Trump for both the tariffs and the ensuing bailout.

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  • North Korea isn’t disarming, dismantling nuclear capabilities: Gen. Keane
North Korea isn’t disarming, dismantling nuclear capabilities: Gen. Keane

A report published last night by the American monitoring group 38 North said the dismantling of the testing stage marked... Asked about the report, a State Department spokesperson said peace on the Korean Peninsula "is a goal shared by the world".

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  • Trump threatens more tariffs on US trading partners
Trump threatens more tariffs on US trading partners

But it is a bit novel to hit farmers with one hand and then offer them compensation with the other, and it could even expose the U.S.to sanctions by the World Trade Organization for supplying the same sorts of illegal subsidies of which Trump likes to complain.

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  • Give us cash back, Tesla tells suppliers
Give us cash back, Tesla tells suppliers

The Journal said Tesla confirmed that it is "seeking price reductions from suppliers for projects, some of which date back to 2016, and some of which haven't been completed". It's down from a peak of $385 in September, with many investors growing concerned about Tesla's spending and its ability to meet its production goals.

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