Finance

Finance Amazon’s Posts Third Consecutive Quarter Of Billion-Plus Profits
Author: 0 Amazon’s Posts Third Consecutive Quarter Of Billion-Plus Profits

AMZN stock was up about 1.2% following the company's latest quarterly earnings results. "We suspect, though this is admittedly speculation, that Amazon will have to re-enter the phone market either directly or indirectly in order to drive Alexa adoption", Benjamin Schachter, the bank's technology analyst, said in a note to clients Friday following Amazon's record-breaking earnings report .

Finance Breakingviews - Twitter purges users and shareholders alike
Author: 0 Breakingviews - Twitter purges users and shareholders alike

Twitter's share price fell as much as 18% in early trading on Friday after the company reported a quarter-over-quarter decline in monthly active users. While Friday was Twitter's second-worst loss since it went public in November 2013, the stock has still doubled in value over the last 12 months. Segal said the efforts to improve accounts along with other factors had a negative hit to monthly active users of 3 million in the quarter, which compares with the 1 million net decline, but added ...

Finance Facebook tiptoes into China by opening a startup incubator
Author: 0 Facebook tiptoes into China by opening a startup incubator

Google , whose main services are also blocked in China , has likewise taken steps to expand its presence in China this year. The subsidiary company Facebook set up in China for the center is called Lianshu Science & Technology, which is a literal translation of Facebook into Mandarin Chinese: lian (臉) meaning face and shu (書) meaning book.

Finance President Trump, EU Leader Hold Joint Press Conference
Author: 0 President Trump, EU Leader Hold Joint Press Conference

As U.S. soybean farmers have struggled against retaliatory tariffs, Juncker said the European Union "can import more soybeans from the U.S. and it will be done". Trump agreed, adding, "if we could have no tariffs and no barriers and no subsidies, the USA would be extremely pleased". "We agreed that no other tariffs would be introduced as long as we are in the negotiations ", Juncker said during a speech in Washington after his press conference with Trump.

Finance Trade deal with EU trade greater in scope than expected
Author: 0 Trade deal with EU trade greater in scope than expected

We're all losing money", Heck told CBS News. To make matters worse, Trump is threatening to slap a 20 percent tariff tax on all European cars imported into the US, and is stepping up his trade-breaking threats on two of our biggest trading partners, Canada and Mexico.

Finance Xi urges fellow BRICS countries to reject go-it-alone trade
Author: 0 Xi urges fellow BRICS countries to reject go-it-alone trade

Mr Trump has said he is ready to impose tariffs on all $500 billion of Chinese imports, complaining that China's trade surplus with the United States is due to unfair currency manipulation. "China is ready to invest and work with South Africa in various sectors, such as infrastructure development, ocean economy, green economy, science and technology, agriculture, environment and finance", Ramaphosa told reporters.

Finance Facebook insiders sold $3.9bn of shares since scandal
Author: 0 Facebook insiders sold $3.9bn of shares since scandal

Facebook is rolling out a version of those protections to the rest of the world.If users choose to share less data with Facebook , that could hamper the company's ad-targeting abilities, making it less attractive to marketers. "Weaknesses in AI are forcing [Facebook] to keep hiring humans to do the jobs that the machines are incapable of", he said. Still, Facebook's sharp drop seems to have had a limited effect on the broader market, which has shown signs of gaining traction in recent ...

Author: 0 Saudi Arabia halts oil exports via Red Sea after Yemeni retaliatory attacks

Since the OPEC meeting in Vienna, warning signs that oil markets are heading for a shortage in supply, due to low spare production capacity and growing security threats in and around the Persian Gulf, have not been taken into account. Anything north of 4.0% could be bullish for prices because strong economic growth will mean greater demand for crude oil. In a statement carried by the Yemeni news agency, the government said the incident is a terrorist act aiming to harm the vital interests ...

Finance Facebook Suffers Huge One-Day Drop in Market Value
Author: 0 Facebook Suffers Huge One-Day Drop in Market Value

For Mark Zuckerberg, it's just about a fifth of his net worth. Facebook shares dropped 18.96 percent Thursday in a dramatic slide a day after the social media giant released an underwhelming quarterly earnings report. Facebook is rolling out a version of those protections to the rest of the world.If users choose to share less data with Facebook , that could hamper the company's ad-targeting abilities, making it less attractive to marketers.

Finance Dominic Raab reassures United Kingdom there is 'adequate food supply' if No Deal
Author: 0 Dominic Raab reassures United Kingdom there is 'adequate food supply' if No Deal

Mr Raab told MPs the Withdrawal Agreement and Implementation Bill would kick in only once MPs had given their backing to any deal struck with Brussels in the autumn. The documentsays that while suspension of controls could be seen as sensible contingency planning - for example if there are any delays to imports of perishable foods at the UK's borders - it could signal a "cavalier approach to public health" that in turn could threaten exports from the United Kingdom to the EU.

Finance It started with a kiss: how Juncker wooed Trump
Author: 0 It started with a kiss: how Juncker wooed Trump

The two sides agreed to expand European imports of U.S. liquified natural gas and soybeans and lower industrial tariffs on both sides, Mr Trump said . "'We want to be supportive of the president because we know there are issues with China and the trade agreement and have been". The agriculture sector was already suffering before the president's tariffs.

Finance Winning Mega Millions ticket sold in San Jose
Author: 0 Winning Mega Millions ticket sold in San Jose

The store will receive a $30,000 bonus for its sale of the ticket. "I hope he does a lot of charity, and maybe take care of all the family members and relatives around him or her". Tuesday's $522 million Mega Millions jackpot was won with a ticket bought in San Jose, Calif . "It's really exciting", Cohen said. The $522 million prize is the 11th largest in USA history for Mega Millions and the game of its older sister, Powerball.

Finance Facebook stock dives almost 20% on warning of slow revenue growth
Author: 0 Facebook stock dives almost 20% on warning of slow revenue growth

The period was also marked by Europe's implementation of strict new data laws, which Facebook said led to fewer daily visitors in that region. Despite the rocky quarter, Facebook shares had hit an all-time high before Wednesday's earnings report and its quarterly revenue was still up 42 percent from this time a year ago.

Finance Ramaphosa and Xi condemn unilateral trade measures, protectionism
Author: 0 Ramaphosa and Xi condemn unilateral trade measures, protectionism

Eskom chief executive Phakamani Hadebe said the loan would boost the power utility's funding to 62% for the current financial year. "This is a normal loan, effective as from the day of the signing". has unleashed punitive trade wars that are hurting all the BRICS members". This was in sharp contrast to the $60-billion outward investment by South Africa to Brics countries.

Finance Recall On Pepperidge Farm Goldfish Snacks
Author: 0 Recall On Pepperidge Farm Goldfish Snacks

Pepperidge Farm asked customers not to eat the crackers if they have the product. People can become sick after eating food or drinking water that has been contaminated with salmonella bacteria. The CDC estimates there are 1.2 million illnesses, 23,000 hospitalizations, and 450 deaths from salmonella in the U.S each year . However, both the Food and Drug Administration and the USDA's Food Safety and Inspection Service have reported the manufacturer of the whey powder is is Associated ...

Author: 0 Former Ferrari president Sergio Marchionne passes away aged 66

This afternoon, Elkann announced that the longtime CEO had passed away, saying: " Sergio Marchionne , man and friend, is gone". Marchionne resurrected one of Italy's biggest corporate names and revitalized Chrysler, succeeding where the USA company's two previous owners - Mercedes parent Daimler and private equity group Carberus - both had failed.

Finance Michigan Lottery: $512 million jackpot for Tuesday's Mega Millions drawing
Author: 0 Michigan Lottery: $512 million jackpot for Tuesday's Mega Millions drawing

Now at $522 million, the game's winning numbers will be drawn at 8 p.m. on Tuesday, July 24. That remains the third largest jackpot ever awarded in the game. To prepare for an even bigger jackpot, and especially after selling a $1 million ticket, more store associates were scheduled to handle lottery ticket sales.

Finance Five 'lucky' stores in Bay Area busy with Mega Millions fever
Author: 0 Five 'lucky' stores in Bay Area busy with Mega Millions fever

The jackpot will now be at least $493 million in next Tuesday's drawing. The largest lottery victor won in MI was Donald Lawson, a Lapeer man who won a $337 million Powerball jackpot. Since Mega Millions changed the jackpot rules in October 2017, we can expect a better chance that the jackpots will get bigger and bigger and break more records over time.