Finance

China's yuan falls against dollar, helping Chinese exporters

China's yuan falls against dollar, helping Chinese exporters

Short-term bond yields inched higher. The S&P 500 is up less than 0.1 percent for the week, while the Russell, which is made up of more domestically-oriented companies that could hold up better in a p...

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Trump Threatens to Dramatically Expand Trade War With China

Thus far in the burgeoning trade war, the USA has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties. The reaction to Trump's remarks in the financial...

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The EU has fined Google a record €4.3bn over Android antitrust

The EU has fined Google a record €4.3bn over Android antitrust

Margrethe Vestager, the Competition Commissioner for the European Union, stated the huge fine would force Google to change its ways, increasing the chances of competition search apps and browsers to b...

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Theresa May reveals Donald Trump advised her to sue the EU

Theresa May reveals Donald Trump advised her to sue the EU

Britain's former foreign secretary Boris Johnson urged Prime Minister Theresa May Wednesday to tear up her Brexit blueprint. May said her government has begun negotiations with the European U...

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Papa John's Founder John Schnatter Says Resigning Was A Mistake Post-Extortion

Papa John's Founder John Schnatter Says Resigning Was A Mistake Post-Extortion

In a press release on Sunday, Papa John's said that the company will be terminating a sublease agreement with Schnatter, which allowed him to use office space in headquarters in Louisville, Kentucky...

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Elon Musk: 'We were huge idiots' about Tesla Model 3

Elon Musk: 'We were huge idiots' about Tesla Model 3

Former Tesla employee Martin Tripp has submitted a tip to the Securities and Exchange Commission accusing Tesla of both misleading investors and allowing potential risky vehicles to be sold to consu...

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Iran nuclear accord: Two months since the USA quit

Iran nuclear accord: Two months since the USA quit

In 2012, Iran threatened to block the strait in response to sanctions by the United States and the European Union against the country's nuclear program. "Maintaining access to these markets is a qua...

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Iran oil minister: No change in production, export

Iran oil minister: No change in production, export

The leader of Saudi Arabia, OPEC's biggest member, has assured Trump that the kingdom can raise oil production if needed, and that the country has 2 million barrels per day of spare capacity that co...

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President Trump's proposed FART Act mocked on Twitter for name oversight

President Trump's proposed FART Act mocked on Twitter for name oversight

Last Friday the outlet had reported that Trump had asked aides about pulling the US out of the WTO, and said the world had used the organization to "screw the United States". Trump early Tuesday t...

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China issues US travel warning amid trade tensions

China issues US travel warning amid trade tensions

Asked whether US companies will be targeted with "qualitative measures" in China in a trade war , Gao said the government will protect the legal rights of all foreign companies in the country. Desp...

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Chris Bosh could join LeBron James with Lakers

Chris Bosh could join LeBron James with Lakers

ESPN's Chris Haynes reported Monday that the Lakers have a meeting scheduled with Tyreke Evans. Joining James in Los Angeles certainly makes sense from a career perspective. He returned to the Cav...

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Trump asks Saudi Arabia to increase oil production

Trump asks Saudi Arabia to increase oil production

His latest comments come a week after ministers from the Organization of the Petroleum Exporting Countries - of which Saudi Arabia is the major member - had already agreed to raise output from July. T...

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Move Over UPS Truck: Amazon Delivery Vans To Hit Streets

Move Over UPS Truck: Amazon Delivery Vans To Hit Streets

Entry costs for Delivery Service Partners start at $10,000 - an initialexpense Amazon will reimburse to qualifiedmilitary veterans from a specifically allocated $1 million fund. Businesses will pi...

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Bali airport closed as volcano gushes column of ash

Bali airport closed as volcano gushes column of ash

The early morning closure of Ngurah Rai airport sparked the cancellation of almost 280 flights to and from the tropical paradise with some 15,700 passengers affected, according to revised figures from...

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Turkey's Elections: Will It Be More of the Same?

Turkey's Elections: Will It Be More of the Same?

Regardless, Erdogan proudly addressed supporters from his Justice and Development Party's (AKP) headquarters in the capital Ankara early Monday morning, telling them: "The victor of this election is...

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Erdogan claims decisive victory in Turkish presidential election

Erdogan claims decisive victory in Turkish presidential election

Speaking early Monday, Supreme Election Council head Sadi Guven said 97.7 percent of votes had been counted and declared Erdogan the victor. Trailing were Selahattin Demirtas of the pro-Kurdish Pe...

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President warns Harley-Davidson: 'We won't forget'

President warns Harley-Davidson: 'We won't forget'

He said the company has been working with Twitter to see if the tweets could be removed and to figure out where they originated. Trump tweeted Tuesday that Harley-Davidson had already announced ...

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Runner up in Turkish elections accepts Erdogan as President

Runner up in Turkish elections accepts Erdogan as President

Although the margin of their lead narrowed steadily as votes were tallied across the nation of 81 million people, an AK Party official said Erdogan was expected to win more than the 50 per cent re...

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Iran says doesn't think OPEC can reach deal

Iran says doesn't think OPEC can reach deal

Saudi Arabia is struggling to convince fellow Opec members including Gulf allies on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications ahead ...

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OPEC to raise oil production from July

OPEC to raise oil production from July

While OPEC's largest producer, Saudi Arabia , is seen to be open to higher production, Iran has been hesitant because of its trouble to increase output and tensions with the U.S. Furthermore, 7 out o...

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The Supreme Court just caused stocks of online retailers to tumble

The Supreme Court just caused stocks of online retailers to tumble

I'd poke more fun at the flip flop, but look, I was also around in 1992 and I can tell you that "online shopping" wasn't "a thing" back then. Justice Anthony Kennedy wrote that the previous deci...

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Trump assails Canadian tariffs, accuses people of smuggling USA goods home

Trump assails Canadian tariffs, accuses people of smuggling USA goods home

Weaker Chinese growth will have repercussions for big trading partners, such as the United States and Europe, and for global companies who do business there. "We absolutely understand the centrality o...

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U.S., China sink into deepening trade conflict

U.S., China sink into deepening trade conflict

Navarro suggested on the call with reporters that China could use other measures besides tariffs to strike back at the USA economically. US President Donald Trump delivers remarks to the Nationa...

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Starbucks Plans To Close 150 Stores Next Year

Starbucks Plans To Close 150 Stores Next Year

In May, Starbucks closed all of its more than 8,000 US stores for an afternoon so that their employees could participate in "racial bias training" following an incident in Philadelphia in which ...

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Report a 'total disaster' for Comey and the Federal Bureau of Investigation, says Trump

Report a 'total disaster' for Comey and the Federal Bureau of Investigation, says Trump

He also claimed that the report " totally exonerates me " although the report did not address Mueller's investigation into any possible links or coordination between Russian Federation and Trump c...

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