Economy

Oil prices rise; still set for third weekly drop on oversupply

Oil prices rise; still set for third weekly drop on oversupply Meantime, Saudi Arabia is offering extra oil on top of its contractual volumes to at least two customers in Asia , and one of those buyers agreed to take them. Trade tensions continued to weigh on the market, providing a ceiling for any gains, traders said. Fresh weekly data on U.S. commercial crude inventories on Tuesday and Wednesday will help gauge the strength of demand in the world's lar... [Full Article...]

Europe prepares to hit Google with another huge fine

Europe prepares to hit Google with another huge fine This limits consumer choice and "makes it more hard for rivals to present more things to us as consumers", European Commissioner for Competition Margrethe Vestager told the NewsHour. As you'd expect, Google intends to appeal the ruling and in so doing push back the date at which it needs to stop offering and enforcing these agreements that favor its services. [Full Article...]

Elon Musk has had a very bad week

Elon Musk has had a very bad week In a since-deleted tweet , Musk called British diver Vernon Unsworth a " pedo guy " after he criticized the billionaire's proposed submarine rescue plan as a " PR stunt ". When pushed on the issue, Musk allegedly wrote " Bet ya a signed dollar it's true ". Mr Unsworth lives in Chiang Rai. Musk soon started a "Twitter argument over how much credit he deserved for offering to help save the yo... [Full Article...]

Horror for Netflix as it misses subscriber targets

Horror for Netflix as it misses subscriber targets Specifically, Netflix is anticipating a net add of 5 million new subscribers for the September quarter, a tad below some analyst projections that saw Netflix bringing 6 million new subscribers on board. "I think Netflix is approaching a ceiling of subscriber growth, especially here in the U.S. They're going to have to do something bold and different". [Full Article...]

Amazon Prime Day Starts Today, Which Means You Need Amazon Prime

Amazon Prime Day Starts Today, Which Means You Need Amazon Prime And rivals also highlight their lack of membership fees, in contrast to Amazon , where prime members pay for access to benefits like free shipping on some items and access to music and media libraries. Additionally, Prime members who live near a Whole Foods may want to take advantage of a new offer this year, Dengler said. This browser tool keeps an eye out for deals as you explore other sites. [Full Article...]

Nationals cuts ties with Papa John's after controversy

Nationals cuts ties with Papa John's after controversy Earlier in the week, the school said Schnatter resigned from its board of trustees. His face was off at least some materials by late morning Friday, though the company said the details and exact timing for everything were still being worked out. [Full Article...]

Amazon Prime Day Uses Offline Events, Power Of Anticipation For Promotion

Amazon Prime Day Uses Offline Events, Power Of Anticipation For Promotion There will be plenty of discounted seasonal items, including organic strawberries, boneless chicken breasts and more at Whole Foods stores. Amazon will notify you through the app when the Prime Day 2018 deal you are interested in becomes available. [Full Article...]

Trump's latest US$200 billion China tariffs target consumers

Trump's latest US$200 billion China tariffs target consumers Administration officials said the tariff fight is aimed at forcing China to stop stealing American intellectual property and to abandon policies that effectively force US companies to surrender their trade secrets in return for access to the Chinese market. [Full Article...]

Reaction to the trade battle between China and the US

Reaction to the trade battle between China and the US Wall Street is well conditioned to ignore the often hyperbolic words of US President Donald Trump , and on Friday investors shrugged off comments that his administration is ready to massively escalate a tariff battle that began in earnest on Friday. [Full Article...]

Trump Urges OPEC to Raise Their Daily Oil Production by 2M Barrels

Trump Urges OPEC to Raise Their Daily Oil Production by 2M Barrels He added , "This must be a two way street". Saudi Arabia told the Organization of the Petroleum Exporting Countries that it increased production by nearly 500,000 barrels per day last month. Crude oil prices in recent days have hit their highest levels since late 2014. (So it's unclear how much effect Trump's morning tweet will have anyway.) On top of all that, Trump's decision to sanctio... [Full Article...]

Elon Musk sends engineers to help Thai cave rescue

Elon Musk sends engineers to help Thai cave rescue Regarding Mr Musk's alternative plan of providing pumps and batteries, Mr Mirza said: "With all due respect to Mr Musk, I am not sure that he or his engineers have a real good handle on exactly what they're dealing with in this particular situation". [Full Article...]

Mexican-Alaskans speak about country's new president

Mexican-Alaskans speak about country's new president President Trump says he is looking forward to a good relationship with Mexico's new president-elect. Trump suggested that Mexico can help the United States "until we straighten out our immigration laws, which have been bad for many, many years, decades". [Full Article...]

Trump goes 'America First' on Opec, but his policy faces limitations

The Wall Street Journal in turn cited a high-ranking Saudi official as saying that Riyadh made no concrete promises to Trump but assured him of its ability to satisfy the market's demands. An Indian official says his country, which imports 400,000 barrels per day of Iranian crude, would only recognise multi-lateral sanctions, rather than unilateral sanctions. [Full Article...]

LeBron James: Basketball star agrees to join Los Angeles Lakers

LeBron James: Basketball star agrees to join Los Angeles Lakers Love, 29, is a five-time All-Star, and was a key member of the Cavs teams that appeared in four-consecutive NBA Finals. Unlike eight years ago when James' announcement that he was joining the Miami Heat was a televised affair, Sunday's news was posted by his agency Klutch Sports via Twitter . [Full Article...]

7 best Amazon Prime Day 2018 deals available right now

7 best Amazon Prime Day 2018 deals available right now Cord Cutters News will have full coverage of all the best Cord Cutting Deals on our site, Facebook , Twitter , and a special edition of our newsletter. Prime Day will start on 16 July at 21:00 SA time, and will run for 30 hours. It comes once a year and is exclusively for members. Prime members who haven't yet tried Kindle Unlimited will have access to three months of unlimited reading ... [Full Article...]

Trump asks Saudi Arabia to increase oil production

Trump asks Saudi Arabia to increase oil production Saudi Arabia acknowledged the call took place, but mentioned no production targets. After the US State Department on Tuesday urged allies and companies to stop buying crude oil from Iran by 4 November, worldwide benchmark Brent crude gained 6.5 per cent and American benchmark West Texas Intermediate jumped 9.3 per cent between Tuesday and Friday. [Full Article...]

FACT CHECK: Did Harley Davidson's CEO Call President Trump 'a Moron'?

FACT CHECK: Did Harley Davidson's CEO Call President Trump 'a Moron'? Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag. This would effectively allow the company to import motorcycles into Europe without having to face an overall tariff of 31 percent. Trump then threatened the company "will be taxed like never before" if they follow through with the move . It was a stark contrast from February 2017, when Harley-Davidson e... [Full Article...]

U.S. Treasury's Mnuchin says new investment curbs not specific to China

U.S. Treasury's Mnuchin says new investment curbs not specific to China In response to the new tariffs, the European Union has retaliated by slapping €2.8bn of duties on a variety of U.S. goods, ranging from bourbon whiskey to Harley Davidson motorcycles. Rhodium linked the sharp drop to tougher scrutiny of Chinese acquisitions by U.S. regulators and China's own restrictions on outbound investment. Longstanding concerns about the theft of intellectual property led... [Full Article...]

After protests, Iran's Khamenei demands punishment for those who harm economy

After protests, Iran's Khamenei demands punishment for those who harm economy He also firmly added that that the U.S. will surely be requesting both the countries to bring down their export of oil with Iran to zero per cent. "We have enough foreign currency to inject into the market", Rouhani said in his speech. products, starting August 4. State Bank and other Indian banks with worldwide exposure have asked their clients to complete existing transactions and wind down by... [Full Article...]

Turkey's Erdogan Takes on New Powers

Turkey's Erdogan Takes on New Powers Erdogan's closest contender, Muharrem Ince of the secular opposition Republican People's Party, won 30.7 per cent support. Erdoğan struck a defiant tone in his victory speech early on Monday in Ankara , saying Turkey had set "an example" for the rest of the world, vowing to carry on military campaigns in Syria, fight terror groups and raise Turkey's global prestige. [Full Article...]


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