China's trade surplus with USA swells in June

Earlier this week Donald Trump proposed a 10% tariff on $200bn of Chinese goods entering the U.S., saying that tariffs already in place on steel and aluminium imports and $34bn of goods had failed to force significant reforms by Beijing . More..

by | Published 4 days ago
Our 2018 Amazon Prime Day wish list
by | Sunday, July 15, 2018

Our 2018 Amazon Prime Day wish list

In both the USA and Europe, the first day of deals saw the greatest number of consumers clicking on ads, witnessing an increase in ad clicks of 14% and 17% respectively. Prime members will also be able to sho...More..

China Will Hit Back After New US Tariffs
by | Sunday, July 15, 2018

China Will Hit Back After New US Tariffs

The ministry did not offer more details, but Beijing had earlier threatened "comprehensive measures" if more tariffs were imposed. It said , "the Chinese government will be forced to impose necessary counter...More..

US ambassador Woody not sure about Trump and Boris meet
by | Saturday, July 14, 2018

US ambassador Woody not sure about Trump and Boris meet

In between, he will be in Britain, with a black tie dinner hosted by May on Thursday and a working visit with the prime minister on Friday. "I'm not sure. In mid-afternoon trade, the pound recovered some of tho...More..

Elon Musk sending team of engineers to aid in Thai cave rescue
by | Monday, July 09, 2018

Elon Musk sending team of engineers to aid in Thai cave rescue

He has now designed a plan to help save the boys, and he said engineers from his companies would travel to Thailand on Saturday. However, the inventor and entrepreneur has also floated some other ideas. Nu...More..

Oil mixed as U.S. crude stockpiles rise unexpectedly
by | Monday, July 09, 2018

Oil mixed as U.S. crude stockpiles rise unexpectedly

OPEC is doing something to help with its recent agreement to raise production by almost the entire amount of its spare - or idle - capacity. S. defends many of their members for very little dollars. This would...More..

Saudi Arabia Agrees To Pump More Oil to Maintain Balance
by | Friday, July 06, 2018

Saudi Arabia Agrees To Pump More Oil to Maintain Balance

In the day ahead, trading activity is expected to be limited by the US Independence Day holiday and hence, attention turns towards the EIA weekly crude supplies data due to be reported tomorrow for fresh direct...More..

‘Impeach 45’ clothing sparks Walmart boycott campaign
by | Wednesday, July 04, 2018

‘Impeach 45’ clothing sparks Walmart boycott campaign

Angry Trump supporters threatened to boycott Walmart over the clothing range. Students for Trump chairman Ryan Fournier first tweeted about the anti-Trump merchandise on Monday. Walmart pulled the shirt ...More..

Toyota rejects Trump reasoning behind proposed vehicle tariffs
by | Tuesday, July 03, 2018

Toyota rejects Trump reasoning behind proposed vehicle tariffs

President Trump has ordered that department to investigate imported cars and vehicle parts as a national security threat , which could lead to new tariffs. "At some point, this tariff impact will be felt by cu...More..

In farewell to U.S. shoppers, Toys R Us urges Play on!
by | Sunday, July 01, 2018

In farewell to U.S. shoppers, Toys R Us urges Play on!

The company is continuing to operate stores in Europe and Australia, as well as 255 licensed stores and joint venture partnerships in Asia, which were not part of the bankruptcy filing. However, on a more pos...More..

Tehran's Grand Bazaar strikes in protest at rial collapse
by | Thursday, June 28, 2018

Tehran's Grand Bazaar strikes in protest at rial collapse

The protests erupted after the Iranian rial dropped to 90,000 to the United States dollar on the country's black market, despite government attempts to control the currency rate. RFE/RL's Radio Farda reported t...More..

Trump tweet on Harley-Davidson move after tariff, European Union trade fight
by | Thursday, June 28, 2018

Trump tweet on Harley-Davidson move after tariff, European Union trade fight

The Milwaukee-based company said on Monday it will move production of motorcycles shipped to the European Union from the United States to its worldwide facilities and forecast that the trading bloc's tari...More..

Protests spread, outcry continues against Trump administration’s harsh immigration crackdown
by | Tuesday, June 26, 2018

Protests spread, outcry continues against Trump administration’s harsh immigration crackdown

Days after insisting that Congress act immediately, President Donald Trump is telling Republicans to "stop wasting their time " on immigration until after the November elections. He said Democrats would be...More..

Harley Moves Production to Europe to Avoid Tariffs
by | Tuesday, June 26, 2018

Harley Moves Production to Europe to Avoid Tariffs

The EU is Harley's most important market outside of the US, accounting for 40,000 sales in 2017. From the company's statements, it plans to continue to manufacture parts for motorcycles in the US and ship t...More..

Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling
by | Monday, June 25, 2018

Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling

Besides its namesake site, Wayfair Inc. also owns the Joss & Main, AllModern and Birch Lane sites. Many big retailers, such as Amazon .com and Macy's, already collected sales tax for online purchases because...More..

Senate officially passes Canada's marijuana legalization bill
by | Saturday, June 23, 2018

Senate officially passes Canada's marijuana legalization bill

The Canadian federal government had originally set the goal of having the recreational pot market open by July 1 of this year, but that date had obviously been pushed back. "It ends 90 years of needless crimina...More..

by | Friday, June 22, 2018

Position-Squaring Ahead of OPEC Meeting Boosting Prices

Reuters reported Saudi Arabian Energy Minister Khalid al-Falih telling reporters in Vienna that the oil market had now rebalanced and his aim was to prevent a shortage of crude in future that could squeeze...More..

Hackers steal $30 million from top Seoul bitcoin exchange
by | Friday, June 22, 2018

Hackers steal $30 million from top Seoul bitcoin exchange

The attack on the South Korea-based exchange, Bithumb , was smaller in value than some of the biggest hacks on cryptocurrencies. One of the most popular South Korean exchanges, Bithumb has been reportedly ...More..

China Trade: From 'Grand Bargain' towards trade war?
by | Friday, June 22, 2018

China Trade: From 'Grand Bargain' towards trade war?

China vowed to protect its interests, countering any USA tariffs imposed on its goods with a mirror response. Mr Trump's comments came hours after the top United States diplomat accused China of engaging in...More..

European Union slaps revenge tariffs on USA as trade war erupts
by | Friday, June 22, 2018

European Union slaps revenge tariffs on USA as trade war erupts

And the highest-stakes fight still looms: In two weeks, the United States is to start taxing $34 billion in Chinese goods. "We have a trade war - and it's an escalating trade war", SEB chief economist Rober...More..

Supreme Court ruling could have huge impact on Texas economy
by | Friday, June 22, 2018

Supreme Court ruling could have huge impact on Texas economy

For most large online retailers (including Amazon - the country's largest), the decision will have little impact, since they've been voluntarily paying state sales taxes for years. Census Bureau data. Wa...More..

The burgeoning US-China trade war has entered a new phase
by | Wednesday, June 20, 2018

The burgeoning US-China trade war has entered a new phase

Last week Mr Trump announced the United States would impose 25% tariffs on $50bn worth of Chinese goods. Derek Scissors, a China scholar at the American Enterprise Institute, a Washington think tank, said ...More..

Domino’s Is Filling Potholes With ‘Paving For Pizza’ Program
by | Wednesday, June 13, 2018

Domino’s Is Filling Potholes With ‘Paving For Pizza’ Program

Protecting pizza sanctity, McCormick added, can only truly be achieved through "a true bold stake in the ground" such as road fix. Domino's is on a mission to save pizza one pothole at at time! "Have you ev...More..

AT&T granted approval to acquire Time Warner for $85 billion
by | Wednesday, June 13, 2018

AT&T granted approval to acquire Time Warner for $85 billion

Trump had pledged to block the deal when he was campaigning for president. AT&T announced plans to acquire Time Warner on October 22, 2016. The company could offer to sell off assets that the governme...More..

US cuts a deal with Chinese smartphone maker ZTE
by | Sunday, June 10, 2018

US cuts a deal with Chinese smartphone maker ZTE

After a personal plea from Chinese President Xi Jinping to help the company get back into business , President Donald Trump said last month that the initial fine on ZTE would lead to "too many jobs in ...More..

Microsoft Deploys Underwater Data Center
by | Friday, June 08, 2018

Microsoft Deploys Underwater Data Center

Compared to more conventional data centers that can span football fields, Project Natick's underwater facility is a gnat at about 40-feet long and resembles a cylinder-like cargo container typically seen on b...More..

Pete Souza Trolls Donald Trump With Photo Of Rob Gronkowski, Barack Obama
by | Friday, June 08, 2018

Pete Souza Trolls Donald Trump With Photo Of Rob Gronkowski, Barack Obama

What you've seen and what you've heard is enough". Philadelphia coach Doug Pederson spoke about the controversy for the first time on Wednesday during a media conference before the Eagles started OTA prac...More..

U.S. Strikes Deal to Help China's ZTE, Commerce Secretary Says
by | Thursday, June 07, 2018

U.S. Strikes Deal to Help China's ZTE, Commerce Secretary Says

ZTE's failure to comply with these terms triggered the suspended denial order that prohibits American companies from doing business with the Shenzhen-based company, plunging it into crisis. "Congress should mov...More..

by | Thursday, June 07, 2018

Trump sticks with hard line on trade as showdown looms at G7

G7 summits usually end with the host nation issuing a final communique, but Canada may decide not to do so, preferring instead to release a statement by Trudeau summarizing the talks, said the sources. USA st...More..

Mexico to file WTO complaint over USA tariffs: ministry
by | Wednesday, June 06, 2018

Mexico to file WTO complaint over USA tariffs: ministry

The peso turned lower after White House National Economic Council Director Larry Kudlow said Trump was "seriously considering " splitting North American Free Trade Agreement talks into separate processes for ...More..

Scalping Opportunity In WTI Crude Oil
by | Monday, June 04, 2018

Scalping Opportunity In WTI Crude Oil

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower early Monday. It was reported last week that US production rose to a record level in March, while drilling ...More..

Establishments giving away free doughnuts for National Doughnut Day
by | Saturday, June 02, 2018

Establishments giving away free doughnuts for National Doughnut Day

The offer is good all day at participating Dunkin' locations nationwide. Since then, the day is a way to honor the memory of soldiers on the first Friday in June. At the at 9501 Broadway location in Pearland,...More..

Mexico Hits Back At Trump With Tariffs On US Goods
by | Thursday, May 31, 2018

Mexico Hits Back At Trump With Tariffs On US Goods

Shares of USA steel manufacturers were jumping in early trading Thursday after The Wall Street Journal reported that President Donald Trump was ready to announce tariffs on European Union, Mexican, and Cana...More..

Oil price reverses… but how much can it fall, really?
by | Thursday, May 31, 2018

Oil price reverses… but how much can it fall, really?

News that both Saudi Arabia and Russian Federation both suggested easing production cuts further added to the sense that the focus for now has turned to one of consolidation. The news comes amid reports qu...More..

Tesla sedan in autopilot crashes into parked police auto
by | Wednesday, May 30, 2018

Tesla sedan in autopilot crashes into parked police auto

Photos of the incident were tweeted by Laguna Beach Police Department Public Information Sergeant Jim Cota on Tuesday (this morning United Kingdom time). Cota said . "We're just lucky that people aren't getti...More..

Canada Buys Trans Mountain Pipeline, Is Energy East Next?
by | Wednesday, May 30, 2018

Canada Buys Trans Mountain Pipeline, Is Energy East Next?

Canada's finance minister, Bill Morneau, listens during a news conference with Natural Resources Minister Jim Carr about the state of the Kinder Morgan pipeline expansion in Ottawa on May 29, 2018 . The govern...More..

Kerala CM Pinarayi Vijayan announces Re 1 cut in fuel prices
by | Wednesday, May 30, 2018

Kerala CM Pinarayi Vijayan announces Re 1 cut in fuel prices

Petrol and diesel prices were on Wednesday cut by one paisa per litre each, the first reduction after 16 days of relentless price hikes. But the marginal decline had its share of excitement with state-owned I...More..

Steady rise in supermarket fuel prices
by | Tuesday, May 29, 2018

Steady rise in supermarket fuel prices

The oil ministry has given its in-principle approval for futures trading in petrol as well as diesel and the final clearance from regulator Sebi should come soon, a top official of commodity derivatives exchang...More..

Starbucks to close more than 8,000 stores for anti-bias training
by | Tuesday, May 29, 2018

Starbucks to close more than 8,000 stores for anti-bias training

As a result, about 8,000 company-owned locations across the country will close early Tuesday. Company-owned stores on Staten Island will be open until 2:30 p.m. "We know that one day of training will not stop...More..

Unexpected airport arrival: Dog gives birth at Tampa International
by | Tuesday, May 29, 2018

Unexpected airport arrival: Dog gives birth at Tampa International

She said they knew Eleanor Rigby was pregnant, but believed the excitement of being in the airport around so many new people may have triggered the early birth. "An air traveler's service dog is delivering pupp...More..