Finance

Finance Chipotle slumps 9 percent after OH outlet linked to food poisoning complaints
Author: 0 Chipotle slumps 9 percent after OH outlet linked to food poisoning complaints

Initially, it was 2 individuals who posted claims to food-safety website iwasposioned.com, but now that number has increased to more than 170 people since the news was first reportedby Business Insider . Chipotle was forced to close a restaurant in Virginia for two days previous year after customers who ate there contracted norovirus , an illness that causes vomiting, diarrhoea, nausea, and other symptoms.

Finance Oil prices slip below $74 on US crude inventories, higher Opec production
Author: 0 Oil prices slip below $74 on US crude inventories, higher Opec production

LONDON-Oil prices fell Wednesday morning following news of an unexpected rise in us crude stockpiles. US crude was down 60 cents or 0.87 percent at $68.16 a barrel. Paris added 0.4 percent and Frankfurt edged 0.1 percent higher. Kuwait confirmed on Wednesday it had increased production in July. Also that day, oil prices fell in tandem with stock markets after the Trump administration slapped tariffs on $200 billion of Chinese goods.

Finance Apple becomes world's first public company worth $1 trillion
Author: 0 Apple becomes world's first public company worth $1 trillion

Apple's share price pulled it to $1 trillion in market capitalization on Thursday. The iPhone now accounts for almost two-thirds of Apple's revenue. "Our business performed extremely well during the March quarter, as we grew earnings per share by 30 percent and generated over $15 billion in operating cash flow", said Maestri in the firm's statement.

Finance Trump Administration Threatens Even Higher Tariffs On China
Author: 0 Trump Administration Threatens Even Higher Tariffs On China

In retaliation, Beijing said it would also levy duties on an equal dollar amount worth of USA goods as well as increase regulation for American companies that are doing business in the country. Beijing retaliated by imposing similar charges on the same amount of US products. Trump said last month that he's willing to impose tariffs on every good imported from China, which totaled more than $500 billion previous year.

Finance Detained U.S. pastor 'needs to come home,' Pompeo warns Turkey
Author: 0 Detained U.S. pastor 'needs to come home,' Pompeo warns Turkey

Asked if the issue threatened Turkey's membership of the North Atlantic Treaty Organization (NATO), Pompeo said: "Turkey is a NATO partner whom the United States has every intention of continuing to work cooperatively with". The State Department spokeswoman Heather Nauert said in a statement that Pompeo and Cavusoglu spoke about a number of issues and had a "constructive" conversation.

Finance Apple is the first U.S. company worth $1 trillion (AAPL)
Author: 0 Apple is the first U.S. company worth $1 trillion (AAPL)

This is a breaking news story that is being updated by our reporters. The value of the company's stock has reached an all time new high of $208.38. "I still view Apple as a pretty small company, the way that we operate". And one company that might greatly exceed Apple's worth if it went public is Aramco, the giant Saudi Arabian energy company that produces 10 percent of the world's oil.

Finance OH to have a sales-tax holiday
Author: 0 OH to have a sales-tax holiday

Craig Riedel, R-Defiance, in a news release. As South Carolina prepares for its annual Sales Tax Holiday Weekend, North Carolina goes on its fifth year without the back-to-school shopping option. 7's Alex De Armas has more on how parents save big this weekend. Online purchases of qualifying items are also tax-exempt during the sales tax holiday .

Finance RBI hikes repo rates by 25 basis points
Author: 0 RBI hikes repo rates by 25 basis points

The central bank had increased repo rate by 25 bps to 6.25 per cent in its last policy meet in June. In the Inflation Report accompanying the decision , the BOE kept its economic-growth predictions for Britain broadly unchanged. "A generation of homeowners have never experienced a rate rise, and now they have had two in the space of 12 months". Recession was avoided and the United Kingdom economy, boosted by a more competitive exchange rate for the pound, has continued to grow, if at a ...

Finance Tesla Profits: Be Careful What You Wish For
Author: 0 Tesla Profits: Be Careful What You Wish For

The company said it lost $4.22 per share as revenue grew 43pc. Despite the higher loss, Tesla shareholders gave the company and its founder Elon Musk a pass, with Tesla's stock rising as much as 13% to $335.28 a share. But Tesla's cash burn in the second quarter slowed. Tesla gained 1.1% in trading Wednesday and down 5.8% since the beginning of 2018 before the earnings release.

Finance Turkey says to retaliate against U.S. decision to impose sanctions over pastor
Author: 0 Turkey says to retaliate against U.S. decision to impose sanctions over pastor

And on Wednesday the Treasury Department laid blame for his ongoing trial primarily with Abdulhamit Gul, Turkey's justice minister, and Turkish Interior Minister Suleyman Soylu. His supporters claim that he's a political prisoner being held as a bargaining chip by Turkey, which is seeking the extradition of Fethullah Gülen, a Muslim cleric blamed for a failed coup.

Finance Japan's rate decision lifts bonds, shares under tech cloud
Author: 0 Japan's rate decision lifts bonds, shares under tech cloud

The Japanese yen is now slightly weaker against all major currencies except the Australian dollar. The FTSEurofirst 300 index .FTEU3 of leading European shares closed down 0.3 percent. Analysts said the euro rebounded largely because traders felt it had been oversold last week. Just the chance of such a shift has sent the yen higher in the last week or so, leaving the dollar around 111.13 yen JPY= from a peak of 113.18 earlier in the month.

Finance Alert issued for salads, wraps due to parasite concern
Author: 0 Alert issued for salads, wraps due to parasite concern

They have "Best by", "Enjoy by", "Best if sold by" or "Sell by" dates ranging from July 18 through July 23, 2018. "39985 or P-39985". According to Trader Joe's , the company was alerted by a supplier that romaine lettuce found in the meals has the potential to be contaminated with cyclospora .

Finance
Author: 0 "Mac Coin" commemorates Big Mac 50th anniversary

In a statement , McDonald's said that it expects to distribute more than 6.2 million MacCoins across the Earth. Believe it or not, MacCoin is not a cryptocurrency . To illustrate this global reach, the coins feature seven different languages: Arabic, English, Indonesian, Mandarin, Portuguese, French, and Spanish.

Finance Apple quarterly profit leaps, nears $1 trillion value
Author: 0 Apple quarterly profit leaps, nears $1 trillion value

Apple sold 41.3 million iPhones during the quarter, compared to 41 million a year ago. Analysts are predicting iPhone sales to be up slightly on previous year, but revenue to rise further thanks to the higher price of the iPhone X , which Apple said, when announcing its last set of results , was its best-selling phone.

Finance Harley Davidson Announces Huge Plans for India; 250-500 CC Bikes Arriving
Author: 0 Harley Davidson Announces Huge Plans for India; 250-500 CC Bikes Arriving

Harley-Davidson is facing shrinking sales in its home market of the United States, and is hoping to broaden its appeal to new customers in a bid to invigorate sales. Harley has also been spending on product development and marketing, including promoting its learn-to-ride academies at showrooms and developing electric motorcycle technology.

Finance Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin
Author: 0 Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin

He claims the marketplace was "shocked" when the "truth began to emerge" from the social media giant. A Facebook spokesman declined to comment. On the eve of Zuckerberg's scheduled testimony past year, Facebook withdrew the proposal, which would have let him keep control of the social media company even while selling shares to fund his philanthropy.

Finance Trump gets deal: 'The Europeans have blinked'
Author: 0 Trump gets deal: 'The Europeans have blinked'

They also said they would work to resolve United States tariffs on steel and aluminium imports that have agitated European markets. A tentative deal between the United States and Europe to diffuse a brewing trade dispute nearly failed over agriculture, the European Commission President Jean-Claude Juncker said Friday.