Finance

Turkish currency sags after tweet on tariffs

Turkish currency sags after tweet on tariffs

Trump's move reflects a confluence of factors that have led to worsening relations between the White House and Turkish President Recep Tayyip Erdogan , and his willingness to ratchet up economic pa...

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Turkey's finance chief: Action plan ready to ease markets

Turkey's finance chief: Action plan ready to ease markets

The new tariff threat targeting Ankara comes as bilateral tensions have risen over the detention and trial in Turkey of USA pastor Andrew Brunson, 50. "You dare to sacrifice 81 million Turks for a p...

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Erdogan urges Turks to support Lira as Trump doubles tarrifs on metals

Erdogan urges Turks to support Lira as Trump doubles tarrifs on metals

The mere fact that the US would impose sanctions on Turkey - a stalwart North Atlantic Treaty Organisation ally for decades during the Cold War - has increased uncertainty about the future in Turkey...

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Tesla board weighs CEO's buyout bid as questions swirl

Tesla board weighs CEO's buyout bid as questions swirl

A day earlier, shares rose more than 11% after Musk unexpectedly tweeted that he was exploring a move to take Tesla private at $420 per share. These analysts have an average price target on the stock ...

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Elon Musk tweets he may take Tesla private

Elon Musk tweets he may take Tesla private

Musk tweeted that early access would have bugs and was not advisable since there would have to be a plan for something to go wrong. Tesla shares were halted around 2 p.m.in advance of pending new...

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Donald Trump Signs Executive Order Restoring Sanctions on Iran

Donald Trump Signs Executive Order Restoring Sanctions on Iran

Iranian protesters have attacked a religious school in Karaj province near Tehran , a conservative Iranian news agency has said, as sporadic protests simmered ahead of the reimposition of U.S. At t...

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Twitter reacts to Conor McGregor’s return against Khabib Nurmagomedov

Twitter reacts to Conor McGregor’s return against Khabib Nurmagomedov

Abdulmanap Nurmagomedov confirmed that his son would be preparing for the bout in the USA, and that Russian Federation " has the right to expect victory " from a man who is unbeaten in 26 fights in ...

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Heatwave sees temperatures approach Europe record of 48C

Heatwave sees temperatures approach Europe record of 48C

Gunhild Rosqvist, a Stockholm University professor in geography, said the glacier lost four meters (13 feet, 2 ½ inches) of snow in July alone as Sweden endured record temperatures that triggered do...

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BusinessWeek Had The Best Joke About Apple Becoming A Trillion Dollar Company

BusinessWeek Had The Best Joke About Apple Becoming A Trillion Dollar Company

Those earnings beat Wall Street expectations on the top and bottom lines, but iPhone sales fell slightly short. "We're thrilled to report Apple's best June quarter ever, and our fourth consecuti...

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China announces $60B of U.S. goods for tariff retaliation

China announces $60B of U.S. goods for tariff retaliation

This comes after the administration had proposed a higher 25 percent tariff on $200 billion worth of Chinese imports. It said the retaliatory duties of 25 percent, 20 percent, 10 percent or 5 percent ...

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Apple could become the world's first trillion dollar company today

Apple could become the world's first trillion dollar company today

This translated to diluted earnings per share of $2.34, compared to $1.67 during the same quarter in 2017. During a conference call with analysts, Cook said the iPhone X was the most popular iPhon...

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Harley-Davidson unveils $825M global growth initiative

Harley-Davidson unveils $825M global growth initiative

We'll have more details about the bike as they become available, and you can check the official Harley Davidson website for more information. The legendary American manufacturer confirmed that this ...

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PSC rescinds Charter merger approval

PSC rescinds Charter merger approval

The company must provide uninterrupted service while the state transitions to a new service provider, the commission said. The New York Public Service Commission ( PSC) released a strongly worded s...

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To repair reputation, Twitter, Facebook incur investor wrath

To repair reputation, Twitter, Facebook incur investor wrath

But some say Twitter's unique position as a real-time network that allows users to follow news and events will eventually pay off. RBC Capital Markets analyst Mark Mahaney said in a note this week t...

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Debate Continues: SEC Official Considers Winklevoss Bitcoin ETF Rejection a Mistake

Debate Continues: SEC Official Considers Winklevoss Bitcoin ETF Rejection a Mistake

Just this week, the Winklevoss twins application for Bitcoin ETF was rejected by SEC , in a vote of 3:1, citing reasons of protecting investors, manipulation and fraud for factors behind the unsu...

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Trump takes credit as U.S. economy grows at fastest pace since 2014

Trump takes credit as U.S. economy grows at fastest pace since 2014

He projects soybean exports to plummet in July, dragging nominal exports down by 1.8% compared with June, and the GPD number will be back to normal - at about 2.6% in the third quarter. Overall, the-s...

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BRICS bloc signs declaration reaffirming multilateral trade as per WTO rules

BRICS bloc signs declaration reaffirming multilateral trade as per WTO rules

President Donald Trump. Russian Foreign Ministry Spokeswoman Maria Zakharova later stated that if the United States and the worldwide community are unable to make Kiev implement the Minsk agreements...

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Facebook has worst day in stock market history

Facebook has worst day in stock market history

The social media company posted revenue of $13.2 billion in the period, also short of Wall Street estimates. In North America, the daily user number was flat at 185 million, and in Europe it actua...

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Trump threatens Turkey sanctions over pastor

Trump threatens Turkey sanctions over pastor

US President Donald Trump and Vice-President Mike Pence have threatened Turkey with sanctions if it fails to release jailed pastor Andrew Brunson . Ankara accuses Gulen of masterminding the faile...

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Canada requests NAFTA review of U.S. tariffs on Canadian solar panel products

Canada requests NAFTA review of U.S. tariffs on Canadian solar panel products

Negotiations to reshape the 1994 trade accord were launched last August at the behest of U.S. President Donald Trump , who blames NAFTA for the U.S. trade deficit with Mexico, and argues the deal has...

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United States farmers to receive up to US$12B in trade war relief

United States farmers to receive up to US$12B in trade war relief

He said the two sides also agreed to work together to reform the World Trade Organization , which Trump has vehemently criticized as being unfair to the U.S. He reiterated his willingness to ratche...

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Alphabet-owned Google continues dominance | Digital

Alphabet-owned Google continues dominance | Digital

Remove the fine and Alphabet's earnings rise to $11.75 per share and net income soars from $3.2 billion for the quarter up to $8.3 billion. In terms of income, it made $3.2 billion in net income f...

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Iran to US: Do Not Play with the Lion’s Tail

Iran to US: Do Not Play with the Lion’s Tail

The had agreement forced Iran to curtail its uranium enrichment capacity to prevent it developing nuclear weapons, and imposed stringent verification processes, in exchange for relief on crippling sa...

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Gold rises further as USA dollar eases

Gold rises further as USA dollar eases

The central bank fixed the midpoint 298 basis points lower to 6.7891 this morning, the weakest since July a year ago, data shows. The market reaction underscored a broad change in direction for th...

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Tesla shares plummet after reportedly asking suppliers for cash rebates

Tesla shares plummet after reportedly asking suppliers for cash rebates

Musk took to Twitter to comment on the allegations made by the Wall Street Journal , claiming "only costs that actually apply to Q3 and beyond will be counted". Tesla may be ramping up its produc...

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