Business

Apple falls below $1tn despite revenue and profit rise

Apple Inc has warned that sales in the holiday quarter, likely will not meet the expectations of wall street, CEO Tim cook explained the weakness in emerging...


Stocks dip again on worries about tech, tariffs

The sources stressed however that the new tariffs have not yet been finalised. There were major swings on Wall Street yesterday, with the Dow moving in a rang...


Oil falls on oversupply worries despite Iran sanctions

In recent weeks, the oil market has carefully watched growing strains in the U.S. -Saudi relationship over the killing of Saudi journalist Jamal Khashoggi . ...


Look China rich help drive global billionaire wealth to $12.3 trillion

At the current rate, UBS and PwC expect Asia-Pacific billionaires to be wealthier than their U.S. peers in under three years. China now has the highest concen...


Tesla faces Federal Bureau of Investigation probe over Model 3 numbers

Earlier this year, Musk pledged to step up production of the Model 3 to 5,000 vehicles per week by the end of the second quarter. "We continue to question...


Text leads to Mega Millions win for Virginia woman

Even as stock markets sank again, one person (or group) made a lot of money this past week: the yet-to-be-identified holder of the single ticket that won the M...


Winning the Mega Millions lottery? Here’s how much you’ll really keep

Players also have a chance at winning the Powerball jackpot , which is now up to $620 million. On Monday, they kept the projected jackpot at $1.6 billion b...


Saudi Energy Minister: Cant cover Iran's oil production

Mr Falih added that Saudi Arabia will raise oil output to 11 million barrels per day from 10.7 million. "We will meet any demand that materializes", Al-Fali...


Moody's cuts Italy's credit rating one notch; stable outlook

He said the letter is not final and there is still time which should be "used productively" to continue to exchange views. Interior Minister Matteo Salvini ...


Saudis don't know how Khashoggi was killed, incident was ‘aberration, mistake’ - FM

Five high-ranking officials in the Saudi government were fired Friday and 18 were arrested in connection with Khashoggi's death, according to reports . Trump...


Sears files for Chapter 11 bankruptcy

Sears, once the world's largest retailer, has now officially filed for bankruptcy, while announcing plans to close another 142 unprofitable Sears and Kmart stor...


China's September trade surplus with US widens to record $34.13 billion

The United States and China are now locked in an escalating trade war with the Trump administration imposing penalty tariffs on billions of dollars in Chinese...


Trudeau pledges compensation for dairy farmers hit by USMCA deal

The Trump administration had set a deadline of Sunday at midnight for Canada to sign on or risk being left out of the trade deal with the USA and Mexico . ...


Tesla shares soar 16% after Elon Musk settles fraud lawsuit with regulator

Avakian and Peikin demanded that Musk pay $20m and be removed as Tesla's chairman for at least three years, harsher terms than were being offered in the scrap...


Trump's tariffs on $200 bn of Chinese imports kick in

In a white paper, published Monday, China said the U.S. was applying " extreme pressure " on Beijing to push forward its own interests, while pursuing " eco...


China says it will retaliate against new USA tariffs

We have been ripped off by China . As expected , China has promised to retaliate against Donald Trump's newest round of tariffs , though it hasn't yet rev...


Wall Street falls as Trump greenlights China tariffs

Roughly three-in-four firms surveyed said duties on an additional $200-billion worth of Chinese goods would hurt business further, and close to 70 per cent said...


Trump team, Canada resume talks to revamp NAFTA

However, she said the NAFTA reference gives the Bank of Canada options to possibly stay on hold next month, particularly if trade talks - and the outlooks f...


Oil price rises as Anadarko evacuates Gulf of Mexico rigs

But prices could also be hit by lower demand from China due to a trade war with the U.S. "Everybody has got a job, everybody is driving to that job, and the...


Chinese billionaire arrested in U.S. for alleged sexual misconduct

A spokeswoman for the University of Minnesota said Liu, who is enrolled as a student with the Carlson School of Management's doctor of business administration C...


Trump threatens Congress - Stay out of my plans for NAFTA

After intense negotiations last week, US and Canadian trade teams failed to strike a deal before Mr. Trump's Friday deadline. The Toronto Star quoted Tr...


Trump cancels planned January pay increase for civilian federal workers

The federal deficit has exploded under Trump, with the advent of the GOP tax law that is projected to cost $1.9 trillion over the course of a decade, as well as...


Donald Trump announces new trade deal with Mexico

He previously called it a "terrible deal". It does add pressure on Canada to reenter the talks if the 1994 agreement is to be overhauled. "They underestimated P...


Trump claims tariffs on foreign nations will rescue U.S. steel industry

The decision was triggered by the U.S. International Trade Commission delivering three separate sets of recommendations to Trump created to curb imports of sola...


Qatar’s emir travels to crisis-hit Turkey in show of support

Tariffs have been imposed on 22 types of produce and goods imported from the United States, amounting to $533 million U.S. of extra duties, according to a repo...


Tesla forms committee to assess proposal to go private

Last night, Musk revealed that Saudi Arabia's Public Investment fund had been pitching him on going private since early 2017. In essence, what was initial...


Turkish lira crisis may put the naira at risk — ALERT

Doubling the tariffs to 20 percent for aluminum and 50 percent for steel would magnify the impact of the trade restrictions. Trump tweeted. Washington's rel...


Iran's leader links talks with U.S. to lifting sanctions

The Korea International Trade Association estimates exports to Iran dropped by more than 15-percent during the first half of this year from the same period ...


Canada wants NAFTA review of ’illegal’ U.S. tariffs on solar panels

Mexico Finance Minister Jose Antonio Gonzalez Anaya said there were still several chapters of NAFTA that had not yet been closed, but that the renegotiation cou...


Trump claims Fed rate hikes hinder United States economy

In a pair of tweets , Trump said China, the European Union and others had been "manipulating their currencies and interest rates lower" while the dollar ga...