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Finance

News of the fine , which "accounts for around 40 percent of Google's 2017 net profit of $12.62 billion", has already had an impact-the Journal reported that following the announcement, "Shares in Alphabet , the company's parent, fell as much as 1.1 percent in premarket trading".
  • Experts warn trade battle with China could last into 2019

    Experts warn trade battle with China could last into 2019

    Finance

    Mr Trump has railed against Beijing for intellectual property theft and barriers to entry for USA businesses and a $375 billion U.S. trade deficit with China . Trump has for years slammed what he describes as Beijing's underhanded economic treatment of the United States in terms of trade, with the U.S. trade deficit in goods with China ballooning to a record $375.2 billion last year.
  • Trump Says Gas Prices Are Up, OPEC 'Doing Little To Help'

    Trump Says Gas Prices Are Up, OPEC 'Doing Little To Help'

    Finance

    The bank said that US efforts to block Iran from exporting oil would make it hard for OPEC to meet supply demands, forcing prices to rise. Hossein Kazempour Ardebili , Iran's ambassador to the OPEC , said the strong rhetoric by Trump against OPEC and oil producers could soon push up crude prices to as high as $100 per barrel.
  • Elon Musk offers to help Thailand's government with cave rescue

    Elon Musk offers to help Thailand's government with cave rescue

    Finance

    Twelve boys and their coach, who had been missing since last month, were found by a pair of British cave divers late Monday. He added: "They can not decide how many of them will be able to come out for the first operation". The coach, who has faced criticism for taking the boys out in the cave, also wrote an apology note addressed to his players' parents. "Now and in the next three or four days, the conditions are ideal in terms of the water, the weather and the boys' health", he told ...
  • Oil prices fall as Saudi, Russian output rises

    Oil prices fall as Saudi, Russian output rises

    Finance

    Iran's OPEC governor, Hossein Kazempour Ardebili, accused the United States and Saudi Arabia of trying to push up oil prices and said both countries are acting against the foundation of OPEC. Saudi Arabia, which has been pumping about 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market.
  • Iran Warns Trump's Oil Ban Is 'Self Harm'

    Iran Warns Trump's Oil Ban Is 'Self Harm'

    Finance

    Traders said the decline in fuel inventories was largely down to the outage at Syncrude Canada's 360,000 barrels per day (bpd) oil sands facility near Fort McMurray, Alberta, which is expected to last through July. "With renewed geopolitical risk factors likely to stimulate concerns of supply disruptions, oil prices have scope to extend gains in the near term", Otunuga added.
  • China tries to ease fears that Beijing may target U.S. firms

    China tries to ease fears that Beijing may target U.S. firms

    Finance

    ASIAN ANGST The ongoing angst over U.S. President Donald Trump's trade tariffs had extended the recent slide in Asian markets overnight, in particular Chinese shares which are now deep into "bear" market territory. Chinese stock fell Wednesday due to fears of a looming trade war. The spokesman added that the " US is shooting itself in the foot and hurting the world " with its tariff hikes.
  • Celebrities welcome LeBron James to the Los Angeles Lakers

    Celebrities welcome LeBron James to the Los Angeles Lakers

    Finance

    It's no secret that LeBron James sells tickets like no other , but less than 24 hours after he announced his anticipated 2018 free agency decision , the Los Angeles Lakers market is already feeling the ripple effect of his presence. It's no secret the San Antonio Spurs and Los Angeles Lakers are engaged in trade talks for Kawhi Leonard . "And Rondo is going to challenge Lonzo Ball ".
  • The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

    The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

    Finance

    The comments were sent to the US Department of Commerce on Friday and published on Monday. And the E.U. has warned that it will go much bigger if Trump follows through on his threat to put tariffs on European cars, potentially imposing retaliatory tariffs on nearly $300 billion of us exports .
  • How Newly-Elected Mexican President's Gov't Could Fail Before It Begins

    How Newly-Elected Mexican President's Gov't Could Fail Before It Begins

    Finance

    Lopez Obrador has claimed victory in Mexico's presidential election, calling for reconciliation. According to Mexico's National Election Institute (INE), Lopez Obrador was leading polls with 53% of the vote. In fact, in the eyes of many Mexicans, Mexico has been too respectful. Most voting locations in Mexico closed at 6 pm, local time. Ediane Da Costa Pereira is a Brazilian who became a naturalized citizen in Mexico and voted Sunday in Tijuana, across the border from San Diego.
  • Twitter users call for Walmart boycott over ‘Impeach 45’ clothes

    Twitter users call for Walmart boycott over ‘Impeach 45’ clothes

    Finance

    More than half of the stuff Amazon sold in 2017 came from third-party sellers, rather than Amazon itself, and Walmart saw its sales jump after it overhauled its marketplace. He asked the company in a tweet , "What kind of message are you trying to send?" The company removed a shirt with the slogan "Rope". The continued sale of the clothing items and whether or not a widespread boycott of Walmart catches on has not yet been determined.
  • Amazon Prime Day 2018 announced with big deals

    Amazon Prime Day 2018 announced with big deals

    Finance

    PRIVATE LABEL PUSH: Amazon has been increasing its line of store brands, and it'll be offering deals such as 25 percent off its Rivet furniture brand, which didn't exist a year ago. Amazon Prime does offer a lot of value, but it's not really meant for everyone. There will be so many great offers you may be overwhelmed. Amazon's Prime Day deals are coming to the aisles of Whole Foods as the online retailer seeks to lure more people to its Prime membership after a recent price hike.
  • Iran vice president says private sector to buy, export oil

    Iran vice president says private sector to buy, export oil

    Finance

    It added that it "remains on track to increase its production capacity to 3.5 million (barrels per day) by the end of 2018". OPEC's oil production in June increased by 320,000 bpd from May to stand at 32.32 million bpd, as the cartel's biggest producer Saudi Arabia produced close-to-record volumes, according to a monthly Reuters survey tracking oil supply to the market .
  • Tesla hits 5,000 Model 3 production target

    Tesla hits 5,000 Model 3 production target

    Finance

    Couldn't be more proud to work with you. Despite the simpler design and feature set, Tesla has struggled to get production numbers to a sufficient level. Shares of Tesla fell 2%, near 335.60 during midday trading on the stock market today . Tesla built 49,489 of those cars in the first half of this year.
  • Photo of Geoffrey the Giraffe leaving Toys

    Photo of Geoffrey the Giraffe leaving Toys "R" Us store goes viral

    Finance

    In the less than two days since Johnpiere posted the image on Facebook, it has been shared almost 300,000 times. "I'm never going to have a job like Toys R Us", said long-time employee Patty Van Fossan, 54, from Boardroom, Ohio, who was among a group of workers at protests in NY, fighting for severance that they believe they are owed.
  • Over 400 flights cancelled after Bali volcano eruption

    Over 400 flights cancelled after Bali volcano eruption

    Finance

    The Ngurah Rai airport began operating at 2.30 pm local time (12 pm Indian Standard Time), about 12 hours after it was shut. Denpasar Airport remains open, but all travellers are being advised to check with their airlines about specific flights.
  • OPEC pledges to increase production to 100% of targeted cuts

    OPEC pledges to increase production to 100% of targeted cuts

    Finance

    Largely because of unplanned disruptions in places like Venezuela and Angola, the group's output has been below the targeted cuts, which it now says will be reversed by supply increases, especially from OPEC leader Saudi Arabia. OPEC and its allies have since previous year been participating in a pact to cut output by 1.8 million barrels per day. The Opec deal, which was reached after a last-minute compromise with Iran, is a victory for Saudi Arabia and Russian Federation that initially ...
  • Trump warns Harley-Davidson: 'We won't forget'

    Trump warns Harley-Davidson: 'We won't forget'

    Finance

    So here is the string of tweets from the Commander-in-Chief: .When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India , being too high. Trump says that he's "done so much for you, and then this". Either way, moving some production overseas looks like it may be in Harley-Davidson's best interest.
  • USA begins to dismantle Iran nuclear deal sanctions relief

    USA begins to dismantle Iran nuclear deal sanctions relief

    Finance

    Videos showed protesters confronting police in the capital, Tehran, as the Iranian rial plunged to 90,000 to the dollar - double the government rate of 42,000 rials to $1. Rouhani's own power within Iran's government appears to be waning, with some openly calling for military officials to lead the country. While the U.S.is out, other countries remain committed to the deal.