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Finance

Even so, raising rates too quickly could prevent vulnerable Americans and pockets of the country still struggling from reaping the benefits of a strong economy. When the Fed tightens credit, it aims to do so without derailing the economy. Long is an economics correspondent. It will become the longest if it lasts past June 2019, at which point it would surpass the expansion that lasted from March 1991 to March 2001.
  • We’ll honour pledges made at ‘difficult’ G7, says Theresa May

    We’ll honour pledges made at ‘difficult’ G7, says Theresa May

    Finance

    President Donald Trump attacked America's closest allies in tweets after leaving the meeting in Canada. A former US ambassador to Canada called on Trump trade adviser Peter Navarro to apologize for saying "there's a special place in hell" for Trudeau , whom he accused of practising "bad-faith diplomacy" at the weekend G7 summit in Quebec.
  • Judge clears AT&T takeover of Time Warner

    Judge clears AT&T takeover of Time Warner

    Finance

    In court the justice department argued an integrated company would use its size to raise prices and that it was problematic for one company to own a top pay-TV distributor, AT&T's DirecTV, as well as Time Warner, a company that makes content distributed by DirecTV's rivals.
  • Trump's Tweets Slam Canada and Trudeau Anew from Singapore

    Trump's Tweets Slam Canada and Trudeau Anew from Singapore

    Finance

    Nevertheless, Trump appears determined to up-end the trade relationship, insisting that the U.S. is the loser, and has demanded that the North American Free Trade Agreement (NAFTA) be renegotiated or abandoned. The G7 is made up of seven nations: Canada, France, the United States, the United Kingdom, Germany, Japan and Italy. He said Trump "did the courtesy to Justin Trudeau to travel up to Quebec for that summit".
  • Tesla is laying off about 3,600 workers

    Tesla is laying off about 3,600 workers

    Finance

    Afterward an emotional Musk appeared to signal brighter days ahead for the Tesla when he predicted the company would begin pushing out 5,000 Model 3s per week by the end of June. "These cuts were entirely from our salaried population and no production associates were included, so this will not affect our ability to reach Model 3 production targets in the coming months".
  • Uber and Lyft scooters are coming soon to San Francisco streets

    Uber and Lyft scooters are coming soon to San Francisco streets

    Finance

    Companies already running schemes in San Francisco were ordered to remove their scooters from sidewalks by June 4. Other than motorized scooters, Uber has introduced electric-assist bikes to its app in cities including San Francisco, Sacramento, Santa Cruz and Washington through its acquisition of the bike-sharing company Jump.
  • Rights group hits Amazon, Foxconn over China labor…

    Rights group hits Amazon, Foxconn over China labor…

    Finance

    It is worth remembering that Foxconn is the world's largest contract electronics manufacturer and employs more than a million people, spread across multiple factories in the Far East and beyond. The concerns involved treatment of dispatch workers and overtime pay, Amazon spokesman Ty Rogers said. Now that reporting on Apple doesn't get the global attention it once did, China Labor Watch has turned its attention to poor working conditions at a Foxconn plant that makes Echo speaker and ...
  • India seeks warrant for celebrity jeweller Nirav Modi

    India seeks warrant for celebrity jeweller Nirav Modi

    Finance

    Nirav Modi, whose jewellery has been worn by Hollywood and Bollywood stars, is seeking political asylum in London following fraud allegations, the Financial Times has reported. Authorities say he diverted large sums of the loan money illegally to invest in foreign-based companies. Several Indian courts have issued arrest warrants over his failure to appear before them since he fled.
  • Domino's is helping fix potholed roads so your pizza stays ideal

    Domino's is helping fix potholed roads so your pizza stays ideal

    Finance

    So far the company has partnered with four towns: Bartonville, Texas; Milford, Del.; Athens, Ga.; and Burbank, Calif. That's right - Domino's Pizza is in the pothole-patching business, teaming with cities around the country to fill rutted roads with its " Paving for Pizza " promotion.
  • South Korea Didn't See This Coming - Cortney O'Brien

    South Korea Didn't See This Coming - Cortney O'Brien

    Finance

    South Korea's Presidential Blue House said it needed to "to find out the precise meaning or intentions" of Trump's statement, while adding that it was willing to "explore various measures to help the talks move forward more smoothly". "I can understand the North Koreans taking that position, I'm a little surprised at our own president taking that position". "So I think the rhetoric, I hated to do it, sometimes I felt foolish doing it, but we had no choice", he said.
  • Amazon expands Whole Foods Market discounts for Prime members

    Amazon expands Whole Foods Market discounts for Prime members

    Finance

    The discounts, which take effect on Wednesday, apply to various products - such as fruit, meats, water and other snacks - and also include an additional 10 percent off various sale items. Prime members shopping at a Whole Foods store can download the store's mobile app and sign in with their Amazon account. From there you can show the in-app Prime Code at checkout or enter your phone number to save.
  • READ: Full text of statement signed by President Trump, Kim Jong Un

    READ: Full text of statement signed by President Trump, Kim Jong Un

    Finance

    The two leaders met for a working lunch yesterday at the Istana, a day before Mr Trump's summit with North Korean leader Kim Jong Un at the Capella hotel on Sentosa. It's the first ever meeting between a sitting USA president and North Korean leader. "The North Korea-U.S. summit has now just begun", he said, according to a transcript from his office.
  • Elon Musk: Tesla Roadster to get SpaceX rockets

    Elon Musk: Tesla Roadster to get SpaceX rockets

    Finance

    When Tesla released the original version of Autopilot , some owners appeared to operate their vehicles as if they were fully autonomous. It would require any company making electric cars in california to be certified as having a "fair and responsible workplace" in order for those cars to get a special "clean vehicle rebate project" tax credit.
  • Tony Awards 2018: See all the performances

    Finance

    Ari'el Stachel, the California-born son of an Israeli-Yemeni father and an Ashkenazi mother from NY, won the award for Best Featured Actor in a Musical for his performance as a romantic Egyptian trumpeter in " The Band's Visit ". The statement in response from CBS: "Mr. De Niro's comments were unscripted and unexpected". The man behind Angels in America , legendary playwright Tony Kushner, spoke to reporters backstage about De Niro's spirited introduction for Springsteen, the AP ...
  • Trump to leave summit early -- after meeting with Kim

    Trump to leave summit early -- after meeting with Kim

    Finance

    It has the bomb. Shortly after 9 a.m. local time, Trump and Kim walked along a white colonnade, meeting in front of a bank of 12 alternating USA and North Korean flags where they shook hands . This combination of file photos show U.S. President Donald Trump , left, in the Oval Office of the White House in Washington on May 16, 2018, and North Korean leader Kim Jong Un during a meeting in North Korea, in the photo provided on May 18, 2018.
  • IHOP reveals the ‘b’ in its new name, IHOb, stands for burgers

    Finance

    The company posted on Twitter last week that it was changing its name to IHOb . Wendy's, which is known for its humorous and slightly snarky Twitter account , said it wasn't too anxious about the competition: "Not really afraid of the burgers from a place that decided pancakes were too hard".
  • Net neutrality rule ends Monday

    Net neutrality rule ends Monday

    Finance

    The way the internet is regulated in the USA is about to change. The rules oblige Internet service providers, or ISPs, to enable access of all content and applications, regardless of the source, and without favoring or blocking particular products or websites.
  • Elon Musk sells first 1,000 flamethrowers for the Boring Company

    Finance

    The " Not A Flamethrower " flamethrower made famous by Elon Musk is officially in the hands of customers. As of Monday morning there were a number of ads on eBay with "buy it now" prices listed as high as $20,000. The announcement was huge for the fledgling company - even with the "Not a Flamethrower" flamethrower bringing in $10 million alone in sales. 'For simple & concise instructions, we drew upon wisdom in great Dr Seuss book " Green Eggs and Ham "'.
  • Pompeo downplays feud between USA and G7 allies

    Pompeo downplays feud between USA and G7 allies

    Finance

    Trump and then tries to stab him in the back on the way out the door". "International cooperation can not be dictated by fits of anger and throwaway remarks", he said in a statement . from Canada, Mexico and European Union (EU) countries announced by Trump on May 31 . As per a CNN report, on the conclusion of the G7 summit, Kudlow said that the United States had planned to sign the joint G7 communique until Trudeau made certain statements countering the economic interests of the ...
  • Trump lashes out at United States allies in Twitter rant

    Trump lashes out at United States allies in Twitter rant

    Finance

    Trump tweeted , referring to Canadian Prime Minister Justin Trudeau . In Quebec at the G7 the sherpas, political advisers and draftsmen toiled through two nights to find a form of words that all sides could sign up to. -Canada border. Trudeau told reporters that imposing retaliatory measures "is not something I relish doing" but that he wouldn't hesitate to do so because "I will always protect Canadian workers and Canadian interests".
  • Jobs at risk as JLR confirms Discovery switch to Slovakia

    Jobs at risk as JLR confirms Discovery switch to Slovakia

    Finance

    Jaguar Land Rover first announced its intention to begin production of the Discovery in Slovakia in 2016, but did not mention at the time that the process could involve the migration of the model's entire UK-based production line. JLR also builds the SUV in Changshu, China. The manufacturer will build the next of its Range Rover Evoque models at a site in Halewood in northern England, where the Discovery Sport is also made.
  • Facebook shared user profile data with select companies

    Facebook shared user profile data with select companies

    Finance

    As the Wall Street Journal first reported , certain companies were, for a time, granted access to data about users, as well as data about those users' friends. The company said the extensions lasted several weeks and months. "But other than that, things were shut down", Archibong said. In April, Mark Zuckerberg testified before Congress after Facebook disclosed, following news reports, that as many as 87 million users' data was sold to a political ad targeting firm during the 2016 USA ...
  • Kia launches recall of several models because air bags may not work

    Kia launches recall of several models because air bags may not work

    Finance

    The crash of the 2013 Forte occurred in Canada. If you're the owner of a 2010-2013 Kia Forte, 2011-2013 Kia Optima, 2011-2012 Optima Hybrid and Sedona minivan, you need to pay attention to this. The agency is investigating both Kia and its affiliate Hyundai Motor Corp after the airbag flaw may have led to the death to 10 crashes involving two of the automakers' vehicles.
  • IHOP reveals what IHOB will stand for

    Finance

    Restaurant chain IHOP officially changed it's name to IHOB Monday, surprising customers with what the new acronym stands for. Some people love the new change while others...not so much. "We're always going to have pancakes on the menu, we're always going to be IHOP", the company's president, Darren Rebelez, told Fox News on Monday from the flagship IHOb in Hollywood, California.
  • North Korea leader Kim arrives in Singapore ahead of Trump meeting

    Finance

    Arriving at the Prime Minister's office after 1900 local time, Kim shook hands with Lee and his staff then sat down to begin talks in front of the cameras before the press was ushered out a few minutes later. Kim may also be seeing the gamble in a light never considered by his autocratic father and grandfather because of "his determination to modernize North Korea", according to Ryan Haas, an Asia expert at the John L.
  • Poundworld puts 5,300 jobs at risk after announcing administration

    Poundworld puts 5,300 jobs at risk after announcing administration

    Finance

    Discount store Poundworld is the latest retailer to stand on the brink of collapse, according to reports. Poundworld is set to announce its intention to appoint administrators, putting around 5,300 jobs at risk. Poundworld's problems first surfaced in April when its owner, the American private equity firm TPG Capital , was said to be considering a plan to launch a CVA , an insolvency procedure that would enable it to reduce rents and close about 100 stores.
  • Petrol, diesel prices dip for 10th day in a row

    Petrol, diesel prices dip for 10th day in a row

    Finance

    Diesel prices also decreased by 15 paise to Rs. 68.58 per litre in Delhi. This is the 11th reduction in rates coming after 16 days of relentless price hikes that followed lifting of a almost three-week hiatus on price revision just before Karnataka went to polls.
  • Cryptocurrencies tumble after South Korea hack

    Cryptocurrencies tumble after South Korea hack

    Finance

    The cryptocoin's value has reached a two-month low, losing $500 in just an hour, The Guardian reported. It did not quantify its value, but in an unsourced report local news outlet Yonhap news estimated that about 40 billion won ($37.28 million) worth of virtual coins were stolen.
  • Business as usual in North Korea as public unaware of summit

    Business as usual in North Korea as public unaware of summit

    Finance

    The White House rejected the notion that Trump was looking back at the G7 rather than forward towards peace. Watching Trudeau's press conference from Air Force One on his way to Singapore , Trump took umbrage at the Canadian leader's voter-tailored message and angrily rejected the communique.
  • Trump doubles down on criticism of EU, Canada

    Finance

    His most recent tweets are part of an ongoing argument Trump has made that Canada and other countries have been taking advantage of the U.S. In fact, contrary to his tweet, the U.S. "Canada does not conduct its diplomacy through ad hominem attacks. and we refrain particularly from ad hominem attacks when it comes to a close ally", Canadian Foreign Minister Chrystia Freeland told reporters on Sunday.
  • Robert De Niro yells 'F--k Trump' at Tony Awards

    Robert De Niro yells 'F--k Trump' at Tony Awards

    Finance

    Neither Bareilles nor Groban have won a Grammy or a Tony despite selling millions of albums and appearing on Broadway. In one of the ceremony's most mesmerizing moments, Melody Herzfeld , the heroic drama teacher who nurtured numerous young people demanding change following the February school shooting in Parkland, Florida , was honored from the Tony Award stage.
  • $315M Powerball Jackpot victor comes forward

    $315M Powerball Jackpot victor comes forward

    Finance

    Souami said the clerk scanned the ticket and said, "Oh, my God!" "Can you check?" Souami asked the cashier, according to ABC . "I think your machine isn't working". He refinanced his house in order to send his 17-year-old daughter to college, he said, and had received the check just a week before winning. His windfall is the fourth largest jackpot in the history of the New Jersey Lottery.
  • World's most powerful supercomputer Archives

    World's most powerful supercomputer Archives

    Finance

    Cooling Summit takes 4,000 gallons of water a minute and Summit uses enough power to run 8,100 homes. The Department of Energy's Oak Ridge National Lab unveiled their newest supercomputer , Summit , on Friday afternoon. The victor: The US Department of Energy's Oak Ridge National Laboratory in Tennessee has taken the wraps off Summit , which boasts peak computing power of 200 petaflops, or 200 million billion calculations a second.
  • G7 leaders agree to joint communique: Trudeau

    G7 leaders agree to joint communique: Trudeau

    Finance

    He also denied the summit had been contentious, a remark that contradicted what one G7 official described as an "extraordinary" exchange on Friday in which Trump repeated a list of trade grievances, mainly concerning the European Union and Canada.
  • Tyson recalls 3000 pounds of chicken due to possible plastic contamination

    Tyson recalls 3000 pounds of chicken due to possible plastic contamination

    Finance

    The tenderloins were produced May 17, according to the U.S. Department of Agriculture's Food Safety and Inspection Service. Tyson Foods Inc.is recalling thousands of frozen breaded chicken products. The FSIS said products in freezers at food service institutions should be thrown away and not served. The chicken being recalled is not available to purchase in grocery stores, but was shipped to restaurants for sale in menu items.
  • Another Million Dollar Lotto Ticket Sold in Mississauga

    Another Million Dollar Lotto Ticket Sold in Mississauga

    Finance

    As well, a Winnipeg ticket holder is $100,000 richer after matching the last six digits in the Extra. In case you're unfamiliar with the process, Lotto Max draws happen every Friday, and tickets cost $5 each. Since its launch in September 2009, Ontario Lotto Max players have won more than $4.2 billion, including 57 jackpot wins and 447 Maxmillions prizes, right across the province.
  • Job Losses Top 7K in May, Jobless Rate Stays Put

    Job Losses Top 7K in May, Jobless Rate Stays Put

    Finance

    The rate of employment in the region dropped after four straight months of increases, but only by 0.1 percent to 68.6 percent. The Bank of Canada laid the groundwork last week for more interest-rate hikes, bolstering expectations the central bank will move as early as its next meeting in July.
  • Trump trade fury torpedoes Canada’s G-7 summit

    Trump trade fury torpedoes Canada’s G-7 summit

    Finance

    In a second tweet , Mr. Trump said: "PM Justin Trudeau of Canada acted so meek and mild during our G7 meetings only to give a news conference after I left saying that, "US Tariffs were kind of insulting" and he "will not be pushed around" Very dishonest and weak".