• Trump, China trade war: 25% tariff on $200 billion of Chinese import
Trump, China trade war: 25% tariff on $200 billion of Chinese import

The new levies would escalate trade tensions with the foreign power and add to a 25 percent tariff already imposed on $34 billion of Chinese imports in July . The US is considering 25% tariffs on $200bn (£152bn) of Chinese goods - more than double the 10% initially planned. Wang Yi said at a forum in Singapore that a USA campaign to ratchet...

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  • Apple hits record $1T US stock market valuation
Apple hits record $1T US stock market valuation

Amazon is worth almost $900 billion while Google and Microsoft are each now worth more than $800 billion. To put that into perspective, Boeing's market capitalization is about $204B. A filing with the SEC yesterday showed Apple had revised its share count at 4,829,926,000 on 20 July, less than the 4,842,917,000 it reported on Tuesday for the...

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  • Health alert issued for beef, poultry, and pork products over Cyclospora concern
Health alert issued for beef, poultry, and pork products over Cyclospora concern

Cyclospora is a one-celled organism that can wreak havoc on the human body's digestive system, causing explosive diarrhea , nausea and fatigue. The products being recalled were all produced between July 15 and July 18, with sell by dates from July 18 to July 23.

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  • Tesla on track to turn a profit this year
Tesla on track to turn a profit this year

The company will have to begin making payments on $230 million in debt in November unless its stock price jumps to more than $560 by then. During May's conference call with analysts, Musk's behavior was freakish. Musk is probably all too aware of. Bannon said that when he joined Tesla , employees considered many options, including Nvidia gra...

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  • Trump administration sanctions Turkish officials over detained American pastor
Trump administration sanctions Turkish officials over detained American pastor

Turkey's foreign ministry said it had shared "necessary information" with the U.S., but insisted the case should be left with its judiciary. The Turkish Ministry of Foreign Affairs promised Wednesday to retaliate with "an equivalent response" if the US does not walk back "this wrong decision".

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  • McDonald's Big Mac turns 50
McDonald's Big Mac turns 50

The Big Mac is turning 50, and McDonald's plans to celebrate in a major way. More than 6.2 million MacCoins will be distributed here and in more than 50 countries while supplies last. 3, customers can cash in the currency for a free Big Mac. That day would have been the 100th birthday of Jim Delligatti, the man who invented the Big Mac al...

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  • Trump's 2020 campaign denies reports that it is producing flags in China
Trump's 2020 campaign denies reports that it is producing flags in China

Tariffs on vehicle imports are "one of the biggest downside risks" to forecasts which already predict a big impact on the U.S. economy, said Elena Duggar, associate managing director at Moody's. and high-tech enterprises of other countries on relevant industrial supply chains. On the contrary, Trump's actions will only strengthen Chinese leader...

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  • Apple is climbing after topping Wall Street's earnings expectations (AAPL)
Apple is climbing after topping Wall Street's earnings expectations (AAPL)

Apple is expected to release three new iPhone models, including a less-expensive version that will feature the edge-to-edge display and Face ID technology made popular by the iPhone X . -China trade disputes, but President Donald Trump has threatened hundreds of billions of further tariffs whose product categories have not yet been enumerated.

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  • Harley Davidson plans smaller bike with eye on India
Harley Davidson plans smaller bike with eye on India

Though Royal Enfield does not sell its bikes at the same price point as Harley the buyer profile of both the brands is largely the same. "Our plan will redefine existing boundaries of our brand-reaching more customers in a way that reinforces all we stand for as a brand and as a company and we can't wait to kick it into gear", said Levatich.

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  • Facebook loses a record $120 billion in a single day
Facebook loses a record $120 billion in a single day

So far, three class-action suits have been filed by shareholders claiming that Facebook made false and misleading statements to investors including lack of disclosure around monetization associated with Instagram Stories. He said that it stemmed from various federal securities law violations by the company. Mr Buffett now ranks third among the ...

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  • Shift in EU-US rhetoric, but trade policy unchanged
Shift in EU-US rhetoric, but trade policy unchanged

On July 24, the Department of Agriculture announced a plan to give $12 billion in aid to US farmers hit by retaliatory global tariffs on American produce, grain and meat exports. liquefied natural gas and soybeans, and lower industrial levies. "What I would say to our team is stop having a go at your own country, and go over to Brussels and say...

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  • Amazon second-quarter earnings beat expectations, shares jump
Amazon second-quarter earnings beat expectations, shares jump

And a stat that everyone talking: Amazon showed a profit (net income) of $2.5 billion in the second quarter compared with $197 million in second quarter of 2017. The report was a relief to investors in the USA technology sector, still reeling from a profit warning by Facebook Inc Wednesday that plunged its stock 19 percent.

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  • Twitter falls by $6bn after losing 1m users
Twitter falls by $6bn after losing 1m users

That overshadowed an otherwise strong quarterly performance Friday. Twitter's share price dropped almost 20 percent after the earnings report , matching a similar decline in Facebook's stock after its earnings report showed challenges ahead, partly a result of confronting toxic elements, too.

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  • Over $109bn wiped off Facebook's market cap after growth shock
Over $109bn wiped off Facebook's market cap after growth shock

The market capitalization of the social-networking giant was down by as much as $148 billion before recovering a bit later in the day. FILE PHOTO: Facebook's founder and CEO Mark Zuckerberg reacts as he speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018.

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  • European Union gears up for revenge tariffs on $20B of United States goods
European Union gears up for revenge tariffs on $20B of United States goods

China is the biggest buyer of USA soybeans, importing more than $12.4 billion worth of the oil seed in 2017, according to the Peterson Institute for International Economics. "They can compete with anybody if we can get free and fair trade". The tweet came on the same day that Trump issued this one, amid news that his administration was startin...

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  • Europe trade rift: What was settled, and what wasn't?
Europe trade rift: What was settled, and what wasn't?

The two also agreed to increase trade in services and agriculture, including greater USA soy bean exports to the EU. But "if he continues to demand tariff increases as he has been, or if he continues to agree with those who are against China, I definitely would not be able to accept ( more orders)", she said .

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  • Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack
Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack

The United Nations fears cutting off Hodeidah , a lifeline for millions of Yemenis, risks triggering a starvation in the impoverished country. "It is well documented that the UAE has contracted private military security companies linked to Blackwater's founder Erik Prince to develop a new model army", the report said.

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  • Bitcoin Drops as U.S. Regulators Reject Winklevoss ETF Plan
Bitcoin Drops as U.S. Regulators Reject Winklevoss ETF Plan

This is certainly a good sign that one of the SEC commissioners is in favor of Bitcoin ETF which has the crypto community excited and hopeful. "I respectfully dissent from the Commission's order disapproving a proposed rule change, as amended, to list and trade shares of the Winklevoss Bitcoin Trust on Bats BZX Exchange, Inc.

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  • Danger to life warning as intense storms to end Britain's heatwave
Danger to life warning as intense storms to end Britain's heatwave

The all-time British record is 38.5 degrees Celsius set in August 2003 near Faversham in Kent, southeast England, while the highest July temperature was 36.7 degrees Celsius in 2015 at Heathrow airport. The heatwave baking Britain comes as extreme hot weather grips northern Europe, with scientists warning that the kind of conditions being seen at t...

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  • Facebook sees biggest fall in corporate history as shares lose $120bn
Facebook sees biggest fall in corporate history as shares lose $120bn

Analysts said that a confluence of factors explained Wall Street's recoil: the lower-than-expected revenue guidance; slimmer margins; and the reverberations of the Cambridge Analytica scandal , in which the data consultancy affiliated with the Trump campaign inappropriately siphoned the private data of tens of millions of Facebook users.

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  • European Union nations still debating how to treat the United Kingdom after Brexit
European Union nations still debating how to treat the United Kingdom after Brexit

A quarter of British voters would consider backing a new far-right anti-Islam party, according to a poll on Sunday, in a sign of voters shifting to the extremes of politics amid discontent over the government's Brexit strategy. Lang et al are also deeply concerned that the Food Standards Agency's decision to press ahead with major reform of Unite...

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  • Did We Just Dodge a Trade War With Europe? - Hit & Run
Did We Just Dodge a Trade War With Europe? - Hit & Run

This comes after farmers, especially soybean growers were impacted by tariffs from China and other nations.a retaliation to President Trump's tariffs on Chinese goods. "About one in every three rows of soybeans we raise is exported to China they account for about 60% of the USA exports of soybeans are a big deal but pork has been greatly impa...

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  • People dream of winning huge Mega Millions jackpot
People dream of winning huge Mega Millions jackpot

Here are the winning numbers: 1,2,4,19,29 Mega Ball 20. This was the fifth largest jackpot in the history of the game. No word yet on where in MI the winning ticket was sold. The Mega Million jackpot won Tuesday night had been accumulating since it was last won in May in Ohio. Griffin claimed his $3 million prize (less tax withholdings) a...

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  • U.S. President Trump says 'tariffs are the greatest'
U.S. President Trump says 'tariffs are the greatest'

The president had threatened to impose tariffs as high as 25 percent on European autos imported in the US which brought a EU promise of retaliation. In a series of tweets on Wednesday, he called his critics "weak" and said: "Negotiations are going really well, be cool". He has also threatened to slap tariffs on imported cars , trucks and auto ...

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  • Facebook hammered as user growth cools
Facebook hammered as user growth cools

An hour before the call started, Facebook announced disappointing second quarter financial results . For Facebook , financial stumbles are rare. "Deceleration such as management guided toward suggests that while the company is still growing at a fast clip, the days of 30%+ growth are numbered".

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  • [WATCH LIVE] China's Xi Jinping calls for rejection of global trade war
[WATCH LIVE] China's Xi Jinping calls for rejection of global trade war

US President Donald Trump has imposed billions of dollars of tariffs on Chinese goods to retaliate for what he says are unfair practices that have resulted in a huge trade imbalance. "Something that's different about BRICS this year, specifically about South Africa as a host country, is that this initiative is not only about the BRICS member countr...

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  • Fiat’s boss, Sergio Marchionne, dies at 66
Fiat’s boss, Sergio Marchionne, dies at 66

Marchionne had planned to leave Fiat in 2019, but with his health deteriorating, on July 21 he was replaced as CEO of Fiat Chrysler by Mike Manley , head of the Jeep and Ram brands. A tough negotiator known for getting his way, in 2005 Marchionne forced GM to pay Fiat $2 billion not to exercise an option to sell its auto division to the US car...

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  • Mega Millions has a hefty payoff
Mega Millions has a hefty payoff

The mega millions drawing isn't until 10 p.m. CST. To win the jackpot, a player's ticket must match all five regular numbers and the Mega Ball number. Early indications from lottery officials indicate there was a single winning ticket with all the correct numbers sold in California. To prepare for an even bigger jackpot, and especially after ...

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  • No victor in Mega Millions - jackpot up to $493 million
No victor in Mega Millions - jackpot up to $493 million

This is the third jackpot this year of more than $400 million. The next jackpot drawing will be Tuesday, July 24, for an estimated $493 million. On the other hand, the odds of winning Powerball are a little better at 1 in 293 million, according to the statement.

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  • Farmers have mixed reactions to Trump's farm aid
Farmers have mixed reactions to Trump's farm aid

Soybean futures 0#S: , driven to a 10-year low in part by China's retaliatory tariffs, rose 1.2 percent and hit their highest in two weeks as traders bet farm aid would improve demand, reducing a current surplus supply. 'If tariffs punish farmers, the answer is not welfare for farmers - the answer is remove the tariffs'. "This administration's t...

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