• US jobless rate drops to 3.9%. in July; 157,000 new jobs created
US jobless rate drops to 3.9%. in July; 157,000 new jobs created

Health care and social assistance grew by 34,000 jobs, and food services and drinking places by 26,000 jobs, the report said. Individual state unemployment data is not expected to be released until August 17. The White House has slapped tariffs on steel and aluminum and on $34 billion of imports from China, and several companies have hit USA impo...

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  • Loans to get costlier as RBI hikes repo rate again
Loans to get costlier as RBI hikes repo rate again

Inflation is forecast to fall back to 2% - the Bank of England's target - by 2020. The Reserve Bank today retained the GDP forecast for the current fiscal at 7.4 per cent on robust corporate earnings and buoyant rural demand, though it flagged global trade tensions for Indian exports.

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  • Iran receives more airplanes ahead of renewed US sanctions
Iran receives more airplanes ahead of renewed US sanctions

It shows they have not thought about its consequences", Rouhani was quoted as saying by state news agency IRNA while on an official visit to Austria's capital, Vienna, in July. President TrumpDonald John TrumpPastor at Trump rally prays to shield Trump from "jungle journalism" Bill Russell: Being criticized by Trump is the "biggest compliment yo...

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  • Oil down near $73 on US stocks, Opec supply
Oil down near $73 on US stocks, Opec supply

Given historical data quality issues associated with the API report , there is a chance that we see a conflicting message from upcoming official figures from the US EIA later today. Futures for September delivery climbed 0.8 percent to 514 yuan a barrel on the Shanghai International Energy Exchange. For the 19 countries that use the euro currency,...

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  • Apple surges to $1 trillion in market value
Apple surges to $1 trillion in market value

But the phenomenal success of the iPhone led competitors to mirror certain features like touch-screens featuring rows of colorful icons - and prompted Apple to pursue those competitors in court. All the enthusiasm around the $ 1 trillion market capitalisation, both those things have just exhausted the current trading in Apple . Cook hasn't ...

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  • China unveils additional retaliatory tariffs on $60bn of USA goods
China unveils additional retaliatory tariffs on $60bn of USA goods

Part of the strategy seems to be to intensify the pressure on China quickly through rapid escalation in the hope it will force an early restart of negotiations on advantageous terms and permit de-escalation quickly, before the economic damage becomes too great.

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  • China plans tariffs on $60bn of US goods in latest trade salvo
China plans tariffs on $60bn of US goods in latest trade salvo

The Chinese government said Friday that it would impose duties of 25%, 20%, 10% and 5% on the products if the Trump administration follows through on threats to tax $200 billion of Chinese goods . Lawmakers from both parties continued to voice their opposition to Trump's tariffs, urging the administration to get back to the negotiating table.

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  • Turkey lira slumps to record lows over U.S. sanctions
Turkey lira slumps to record lows over U.S. sanctions

The case is now at the centre of a bitter row between North Atlantic Treaty Organisation allies Ankara and Washington after the U.S. on Wednesday imposed sanctions on the Turkish justice and interior ministers claiming they played a major role in the arrest and detention of the pastor.

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  • White House says Trump's resolve is firm on China trade
White House says Trump's resolve is firm on China trade

The ministry said timing of the implementation of the new tariffs on U.S. goods would depend on the actions of the US. The United States reached a surprise deal on trade last week under which Washington agreed not to put any new tariffs on imports from the European Union, forestalling a possible 25 percent levy on auto imports the Trump adminis...

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  • Apple's Market Cap Hits $1 Trillion
Apple's Market Cap Hits $1 Trillion

An electronic screen displays the Apple Inc. logo on the exterior of the Nasdaq Market Site following the close of the day's trading session in New York City, New York, U.S., August 2, 2018. That was Chinese oil and gas giant PetroChina , which briefly topped $1 trillion in market value with its IPO in 2007, before the share price declined.

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  • Sterling stronger after the Bank of England raises rates
Sterling stronger after the Bank of England raises rates

Sterling fell to a one-week low against the United States dollar on Thursday, paring back initial gains following the announcement of a 0.25 percentage point interest rate hike. Urjit Patel , Governor: Well, numerous risks that we have cited, which informed our projections, are on both sides, and that is why we have said that these projections are ...

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  • Apple has become the world's first trillion dollar company
Apple has become the world's first trillion dollar company

The company estimated a healthy revenue stream of between $60 billion and $62 billion with low operating costs of just $7.95 billion to $8.05 billion. Since the iPhone first went on sale in 2007, Apple shares have soared by 1,100% and have jumped nearly a third in the past 12 months. It's a trend the analyst expects to continue to accelerate thro...

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  • OH tax free holiday
OH tax free holiday

The Department of Revenue estimates that this onetime, five day sales tax holiday will provide approximately $14.8 million in tax relief to Wisconsin consumers. The policy is expected to cost the state almost $15 million in lost revenue. Most delivery charges are included in the tax base for the sales tax and the use tax.

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  • Chipotle Scare: 368 People Report Getting Sick at Ohio Restaurant
Chipotle Scare: 368 People Report Getting Sick at Ohio Restaurant

Chipotle had two to five staff members call off work while citing illness on Sunday and Monday, the company told health officials. During an inspection last week, the local health department found that the restaurant was not maintaining its lettuce and beans at proper temperatures, according to Business Insider's report.

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  • China says it's ready to retaliate on latest USA tariff threat
China says it's ready to retaliate on latest USA tariff threat

His statement comes after separate reports said the two sides were looking to restart talks to avert a trade war between the world's top two economies that could hammer global growth. "Secondly, we would advise the USA side to return to reason, and not blindly let emotions affect their decisions, because in the end this will harm themselves", Geng ...

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  • Apple is first public company worth $1 trillion
Apple is first public company worth $1 trillion

Incidentally, the trigger price for Apple to reach a trillion-dollar valuation has been slowly creeping upwards as the company continues to aggressively buy back shares as part of its capital return program. Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a US public company. The state-controlled oil firm is ...

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  • Ready-Made Salads, Wraps Recalled For Possible Parasite Contamination
Ready-Made Salads, Wraps Recalled For Possible Parasite Contamination

Department of Agriculture's Food and Safety Inspection Service (FSIS) announced Monday . The affected products include the Trader Joe's Tarragon Chicken Salad Wrap, the Trader Giotto's Caesar Salad with Chicken and Trader Ming's Chinese Inspired Salad with Chicken that contain best by dates between July 21 and July 23.

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  • Elon Musk Takes on Short Sellers Ahead of Earnings
Elon Musk Takes on Short Sellers Ahead of Earnings

Musk brought key people from the Autopilot self-driving team on the earnings call. I'd like to apologize for being impolite on the prior call. "I think there's no excuse for bad manners". Still, the company promises to produce 6,000 cars per week this month and expects to product 50,000-55,000 Model 3s in Q3. Mr Musk said he expects the com...

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  • USA slaps sanctions on Turkish officials over detaining of American pastor
USA slaps sanctions on Turkish officials over detaining of American pastor

White House spokeswoman Sarah Sanders told reporters: "We've seen no evidence that Pastor Brunson has done anything wrong, and we believe he is a victim of unfair and unjust detention by the government of Turkey ". The Turkish foreign ministry has previously described U.S. demands to release Mr Brunson as "unacceptable". But the move stoked te...

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  • Big Mac Turns 50
Big Mac Turns 50

As for how to actually procure a MacCoin , though, the company is a wee bit more vague in a press release : "a variety of exciting giveaways with each participating country celebrating the arrival of the MacCoin in its own unique way". Newer chains such as Shake Shack and Five Guys offer burgers that can make the Big Mac seem outdated. "Glob...

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  • 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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