Business

Wall St. whipsaws after Trump threatens China with further tariff

Data released Thursday showed the USA goods trade deficit with China shrank to its smallest level in five years in March, which could further embolden Trump a...


Trade war: Trump raises tariffs on $200bn of Chinese goods

Minutes after the United States increased punitive duties on $200 billion in imports from China from 10 to 25 percent, the Chinese commerce ministry said it...


China makes statement on US planned measures to raise tariffs

Beijing is calling for an immediate end to American retaliatory measures on trade - which have dented China's economic growth - and it believes it has a...


US Energy Secretary Confirms Saudi to Offset Market Losses from Iran

The EIA said in its regular weekly report that slumped by almost 4 million barrels in the week to May 3, versus forecasts for a build of 1.2 million barrels...


Hackers steal US$41 million worth of bitcoin from Binance exchange

More than half that total, or $950 million, was taken from exchanges like Binance and wallets that allow people to store digital currencies. After the attac...


Uber, Lyft drivers to strike and rally ahead of Uber's IPO

In several other USA cities, drivers plan to strike Wednesday over pay and working conditions. "Stand with these workers on strike today, across the United ...


Two million pounds of frozen entrees recalled: USDA

If you have questions about recalled products, or find extraneous materials in your Tyson chicken, you can contact Tyson Foods Consumer Relations at 1-866-886...


Trump to raise tariffs on $200 bn of China goods

Treasury Secretary Steve Mnuchin called the previous April talks between the USA and China "productive". The White House has ramped up pressure to reach a deal,...


What Warren Buffett Sees in Berkshire Hathaway’s New Amazon Stake

On Friday, shares of Amazon jumped more than 3%. Warren Buffett revealed on May 2 that Berkshire Hathaway has been buying Amazon shares. That hasn't...


Fed Keeps Interest Rates Steady, Maintains Its ‘Patient’ Policy Stance

The change isn't likely to be economically meaningful and instead reflects a technical effort to improve the way the Fed's policy decisions are implemented in o...


Google parent company Alphabet misses 1st-quarter revenue estimates

Google's cost-per-click, which is how much it makes off each advertising click, decreased 19% year over year and increased 5% quarter over quarter. However, ea...


Oil falls after Trump presses OPEC to offset Iran sanctions

That could leave global supplies thin as the US chokes off Iranian exports and unrest flares elsewhere. Two of the world's largest oil buyers are teaming up...


Venezuela's opposition leader declares 'final phase' of 'usurpation'

Venezuelan opposition leader Juan Guaido , who many nations have recognised as the country's rightful interim ruler and fellow opposition leader Leopoldo Lop...


Uber targets $91bn valuation for debut

Uber's ride-hailing rival has a market value of $16.1 billion as of April 25, much closer to its last private funding round at $15.1 billion. Even so, Uber ...


Trump says he's spoken to Saudi Arabia about increasing oil flow

The recent steps against Venezuela and Iran seem to help Washington by supporting the cost effectiveness of the USA oil industry, especially the country's sha...


Air India servers restored after shutdown affected operations across the world

A spokesperson for the airline confirmed that the said server is down, and that as a result, flight operations have been affected . Hundreds of furious passe...


Amazon pulls in a record $5.4 billion profit

Chief Financial Officer Brian Olsavsky said they are working away from two-day shipping. "We'll be building most of this capacity through the year, in 2019", ...


President Trump met with Twitter CEO at the White House

Twitter was more specific, saying in a statement , "They discussed Twitter's commitment to protecting the health of the public conversation ahead of the 2020 u...


Ford, Rivian to deliver all-new battery electric vehicle

Ford also has been in talks with Volkswagen AG about tapping the world's largest automaker for its electric-car platform, dubbed MEB. "At the same time, we be...


Here's how Elizabeth Warren's student loan debt forgiveness plan would work

From a student perspective, he's unsure how successful the plan would be. "It helps millions of families and removes a weight that's holding back our economy". ...