The U.S. Economy Is Slowing As Trade War Takes A Toll

Fed Chairman Jerome Powell early this month flagged business investment and housing as areas of weakness in the economy. The United States' conomic growth slowed in the second quarter as consumer spending rose, though weaker business investme... More..

by | Published more than a month ago
Trump threatens tariffs on French wine over tech tax — International Business
by | Saturday, July 27, 2019

Trump threatens tariffs on French wine over tech tax — International Business

Last week, Mr Trump spoke to Mr Macron as he about the country's proposed digital services tax, the White House said. " France appropriate set aside a digital tax on our nice American technology corporat...More..

Fake Libra Peddlers LOL-Swarm Facebook for Discount Crypto Scam
by | Wednesday, July 24, 2019

Fake Libra Peddlers LOL-Swarm Facebook for Discount Crypto Scam

Facebook is now battling regulations around the world in relevance to its planned cryptocurrency , Libra . Many of these fake pages and accounts have hundreds of followers "or appear created to squat on ...More..

Boeing reports largest ever quarterly loss following 737 Max grounding
by | Wednesday, July 24, 2019

Boeing reports largest ever quarterly loss following 737 Max grounding

What is the status of the fix to the 737 MAX? NY time, Boeing Chief Executive Officer Dennis Muilenburg is expected to discuss the company's campaign to restore confidence in the plane and the levers it can ...More..

Huawei first-half revenue up about 30% despite U.S. ban
by | Wednesday, July 24, 2019

Huawei first-half revenue up about 30% despite U.S. ban

The job cut became effective 22 July and came after Huawei got blacklisted by the USA government. The U.S. Commerce Department blacklisted Huawei in May citing security risks including espionage. One employee...More..

Electric Ford F-150 prototype shown towing a freight train
by | Tuesday, July 23, 2019

Electric Ford F-150 prototype shown towing a freight train

The video showed Linda Zhang, Ford F-150's chief engineer, demonstrating the truck's capability by having it tow 10 double-decker rail cars. Ford did just that with Linda Zhang, chief engineer for the F-1...More..

Investors lose $1 bil. as STAR Market reverses
by | Tuesday, July 23, 2019

Investors lose $1 bil. as STAR Market reverses

Stocks on the new board rose by an average of almost 160% from their IPO prices in morning trading. Approaching the end of pre-noon trading, at 11:03 a.m., semiconductor maker Anji Technology led with a gai...More..

British PM Theresa May calls emergency meet on Iran tanker seizure
by | Tuesday, July 23, 2019

British PM Theresa May calls emergency meet on Iran tanker seizure

Iranian authorities have said the crew - 18 Indians, including the captain, three Russians, a Latvian and a Filipino - are all in good health. However, Britain has said there was no evidence of a collision an...More..

Warren Warns Of ‘Coming Economic Crash,’ CNN Warns Warren Could Trigger It
by | Tuesday, July 23, 2019

Warren Warns Of ‘Coming Economic Crash,’ CNN Warns Warren Could Trigger It

Lastly, the Democratic candidate criticized President Trump as she addressed the manufacturing recession while brandishing her " Green Manufacturing plan " to invest $2 trillion in green research, manufacturi...More..

Trump demands rate cut, seizing on Fed official’s own words
by | Tuesday, July 23, 2019

Trump demands rate cut, seizing on Fed official’s own words

European stocks struggled higher on Monday, shrugging off dialled-down expectations for a big USA rate cut this month, while escalating tensions in West Asia boosted safe-haven assets and oil prices . Still, t...More..

Around 6,000 Irish-owned Volvo cars recalled over engine fault fear
by | Monday, July 22, 2019

Around 6,000 Irish-owned Volvo cars recalled over engine fault fear

The manufacturer said that a plastic part in the engine has, in rare cases, been liable to melt and deform, resulting in a possible engine fire. "In the most extreme cases, there is a possibility that a local...More..

Equifax to pay up to $700M in data breach settlement
by | Monday, July 22, 2019

Equifax to pay up to $700M in data breach settlement

However, when you divide the minimum end of that figure by 143 million-the number of people affected by the Equifax data breach-you see that Equifax is essentially paying $4 for every person's data that was bre...More..

National Ice Cream Day deals in Bakersfield and Kern County
by | Monday, July 22, 2019

National Ice Cream Day deals in Bakersfield and Kern County

Since it has been celebrated on the third Sunday of July. Today is National Ice Cream today, and what a ideal day to celebrate it since we are now in late-July, which is known to be a time when the weather is...More..

New Report Finds Few Places Where Minimum Wage Workers Can Afford Housing
by | Saturday, July 20, 2019

New Report Finds Few Places Where Minimum Wage Workers Can Afford Housing

Across Canada, the average wage needed to afford a two-bedroom apartment is $22.40/h, or $20.20/h for an average one-bedroom, according to the report, leaving Calgary on the high side of things for two-bedrooms...More..

British wage growth hits highest point since 2008: ONS
by | Saturday, July 20, 2019

British wage growth hits highest point since 2008: ONS

Vacancies fell to their lowest level in more than a year of 827,000 across the United Kingdom - 9,000 fewer than a year earlier and 19,000 fewer than the previous quarter. Again, this is a story of Sterling wea...More..

PepsiCo eyes growth in Africa with $1.7bn Pioneer Foods acquisition
by | Saturday, July 20, 2019

PepsiCo eyes growth in Africa with $1.7bn Pioneer Foods acquisition

PepsiCo agreed to buy South Africa's Pioneer Foods Group for about 24.4 billion rand (US$1.8 billion), adding local brands such as Weet-Bix breakfast cereal and Ceres fruit juice to ignite a push across the ...More..

Chevy Unveiled its New Mid-engine Corvette Thursday in California
by | Saturday, July 20, 2019

Chevy Unveiled its New Mid-engine Corvette Thursday in California

The Corvette is going global. Prices of other versions weren't announced but the current vehicle can run well over $100,000 with options, still thousands cheaper most than European competitors. A few key Corv...More..

Toys
by | Saturday, July 20, 2019

Toys"R"Us to return with two new stores this November"

The company, which bought the brand last October, said it plans to open more Toys "R" Us stores in "prime, high-traffic retail markets" next year. It won't feel particularly familiar to the original custome...More..

Bill Gates just lost his ranking as the world's 2nd-richest person
by | Saturday, July 20, 2019

Bill Gates just lost his ranking as the world's 2nd-richest person

Gates and his wife Melinda are estimated to have donated more than $35 billion through their various foundations. Gates had held steady as the second-richest person in the world - behind Amazon's Jeff Bezos ...More..

Dow climbs higher as hopes grow for a bigger rate cut
by | Saturday, July 20, 2019

Dow climbs higher as hopes grow for a bigger rate cut

Regardless, investors were quick to ramp up bets for FOMC easing at this month's meeting, with some now eyeing up as much as a 50 basis point rate reduction. As of writing, Japan's Nikkei is up 1.65% or 365 poi...More..

LaMalfa releases statement about voting against Raise the Wage act
by | Friday, July 19, 2019

LaMalfa releases statement about voting against Raise the Wage act

The Congressional Budget Office estimated that a $15 minimum wage hike would raise wages for more than a million workers, but would also result in the loss of up to 3.7 million jobs and a reduction of total...More..

United Kingdom lawmakers impede path to no-deal Brexit
by | Friday, July 19, 2019

United Kingdom lawmakers impede path to no-deal Brexit

Their rights to live, work and study are protected under an agreement struck between the two sides - but the divorce agreement has been rejected by Britain's Parliament, raising the prospect of a no-deal Brexit...More..

Mother calls out airline who told her to 'cover up' while breastfeeding
by | Friday, July 19, 2019

Mother calls out airline who told her to 'cover up' while breastfeeding

KLM tweeted: "We would like to sincerely apologize for a recent update". But according to the carrier, "we strive to ensure that all of our passengers of all backgrounds feel comfortable on-board ... She s...More..

Lotus Breaks Records with New Electric Supercar - The Evija
by | Thursday, July 18, 2019

Lotus Breaks Records with New Electric Supercar - The Evija

Thanks to 4 electric motors and the batteries mounted behind the carbon fibre monocoque the performance numbers are very much at the extreme end. It seems that Lotus takes all the best from McLaren and Fe...More..

USA lawmakers challenge Facebook over Libra cryptocurrency plan
by | Thursday, July 18, 2019

USA lawmakers challenge Facebook over Libra cryptocurrency plan

Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan...More..

S.Korean political leaders vow to work together to resolve Japan dispute
by | Thursday, July 18, 2019

S.Korean political leaders vow to work together to resolve Japan dispute

The Bank of Korea announced its Monetary Policy Board voted to cut the base rate by 25 basis points to 1.50%, without elaborating, ahead of expectations in a Reuters poll that the board would lower the rate n...More..

by | Thursday, July 18, 2019

Amazon Prime Day sets records once again

Their sales increased 64% over an average Monday. Amazon Prime Day 2019 is almost here-the two-day shopping bonanza is going down this coming Monday and Tuesday for a full 48 hours, making it the longes...More..

Dodgy ticket-selling website Viagogo is BANNED by Google
by | Thursday, July 18, 2019

Dodgy ticket-selling website Viagogo is BANNED by Google

A string of other complaints included misleading claims it made that it was an official ticket vendor, for the non-delivery of tickets paid for, the inability for consumers to get a refund, labelling tickets as...More..

Oil prices steady after falling to more than one-week lows
by | Thursday, July 18, 2019

Oil prices steady after falling to more than one-week lows

Oil prices rose on Wednesday after steep falls in the previous session, although USA crude trailed gains for worldwide benchmark Brent following data showing US crude inventories fell less than expected. Net ...More..

Enjoying National Hot Dog Day in Lewiston
by | Thursday, July 18, 2019

Enjoying National Hot Dog Day in Lewiston

Pinky up, perhaps? Maple Leaf Foods, maker of the Maple Leaf Natural Top Dog ™ brand, has released a Canadian Hot Dog Etiquette guide in celebration of National Hot Dog Month this July. The restaurant wi...More..

European Union slaps sanctions on Turkey over its 'illegal' gas drilling off Cyprus
by | Thursday, July 18, 2019

European Union slaps sanctions on Turkey over its 'illegal' gas drilling off Cyprus

The Council endorses the Commission's proposal to reduce the pre-accession assistance to Turkey for 2020 and invites the European Investment Bank to review its lending activities in Turkey , notably with re...More..

Elon Musk's Neuralink Will Livestream an Event Tonight
by | Wednesday, July 17, 2019

Elon Musk's Neuralink Will Livestream an Event Tonight

The startup has already raised more than $150 million from investors, out of which a $100 million comes from its CEO Elon Musk himself. Neuralink has also previously teased a product that would connect hu...More..

Oil prices nudge up on Chinese economic data
by | Wednesday, July 17, 2019

Oil prices nudge up on Chinese economic data

Oil slid for a second day as the USA raised hopes of easing tensions with OPEC member Iran , while President Donald Trump's threat of new tariffs on China rekindled fears about demand. U.S. offshore oil produc...More..

Tesla drops Model X and S variants and cuts prices
by | Wednesday, July 17, 2019

Tesla drops Model X and S variants and cuts prices

Tesla Inc . cut the starting price of the Model 3 sedan in the USA weeks after a federal tax credit shrank in half, renewing concern over whether the electric-car maker can sustain sales with less support f...More..

Ohio Democrat Sherrod Brown blasts Facebook's cryptocurrency plans: They already 'broke journalism'
by | Wednesday, July 17, 2019

Ohio Democrat Sherrod Brown blasts Facebook's cryptocurrency plans: They already 'broke journalism'

USA lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians ...More..