Markets

Poundworld To Close Another 80 Stores With 1,024 Job Losses

Poundworld To Close Another 80 Stores With 1,024 Job Losses It will leave 230 stores open. Deloitte, the accountancy firm acting as Poundworld's administrator, said the latest closures will not affect the potential sale of the remaining shops and that discussions with interested parties were ongoing. [Full Article...]

Netflix Shares Fall After Streaming Service Reports Lower Than Expected Subscriber Numbers

Calling the quarter "strong but not stellar", Netflix boss Reed Hastings cited hurdles such as increased competition from YouTube, HBO, Disney, Amazon and Apple, as well as foreign currency fluctuations as the streaming giants accelerates its worldwide business. [Full Article...]

China files WTO challenge to US $200B tariff plan

China files WTO challenge to US $200B tariff plan Europe cast itself as a peacemaker here Monday, with senior officials calling on the United States and China to mend their commercial relationship and avoid a trade war that could drag on for years. "Our summit is not directed at any third country", Premier Li Keqiang said at a news conference, departing from more fiery rhetoric last week, when a Ministry of Commerce statement blasted the United... [Full Article...]

Amazon Prime Day becomes a 36-hour event

Amazon Prime Day becomes a 36-hour event Be sure to have your notifications turned to "on" in the settings section of the app, however, if you want to receive notifications. And at its more than a dozen Amazon Books stores, discounts will expand beyond devices. Prior to the commencement of the sale, Amazon India gave glimpse of the offers and deals on products like electronics, smartphones, and much more. The retailing giant's web... [Full Article...]

Apple Loses Key Sales Executives as India Strategy Stumbles

Apple Loses Key Sales Executives as India Strategy Stumbles This includes national sales, distribution head and head of operator business Rahul Puri, head of iPhone sales Jayant Gupta, and national sales head of telecom Manish Sharma. Apple's failure to get going in India compounds its troubles elsewhere in Asia - the iPhone X for instance has been a disappointment in China. The iPhone is especially expensive for people in India thanks to import duties. [Full Article...]

CVS fires 2 employees after white manager calls police on black customer

CVS fires 2 employees after white manager calls police on black customer Video of the incident shows Matson trembling uncontrollably while he's on the phone with the cops. We sincerely apologize to Ms. Hudson for her experience in one of our stores. "CVS Health does not tolerate any practices that discriminate against any customer and we are committed to maintaining a welcoming and diverse environment in our stores", DeAngelis said in his email Monday. [Full Article...]

British cave diver mulls legal action over Musk's attack

British cave diver mulls legal action over Musk's attack Over the weekend, Musk fired back in a series of tweets , without specifically naming Unsworth. No evidence has come to light to substantiate Musk's pedophilia accusation. "I'm not going to make any further comment about him, but I think people realize what sort of guy he is". "I thought they had it in hand & only agreed to help when Thai SEAL died (deep cave pumps not operating at time)", Mu... [Full Article...]

Netflix plunges 14% after it misses expectations on revenue and subscriber additions

Netflix plunges 14% after it misses expectations on revenue and subscriber additions Netflix posted its earnings report for the June quarter today and revealed that it added 5.15 million subscribers for the quarter. The company called its performance in the second quarter "strong but not stellar". The good news is Netflix did see a 43% increase in streaming revenue likely from the higher subscriber numbers and new price increase. In announcing earnings, Netflix also touted ... [Full Article...]

Amazon Prime Day 2018: The best deals to shop right now

Amazon Prime Day 2018: The best deals to shop right now Amazon seems to want you to have a seriously high-tech home - and thus have more internet shopping opportunities around you at all times. If you're not yet a member, Amazon has announced that you can take advantage of the deals through their Amazon Prime 30-day free trial , alternatively, bargain-hunters can sign up for £7.99 a month or £79 for an entire year. [Full Article...]

Ivanka Trump out of fashion at Canadian retailer

Ivanka Trump out of fashion at Canadian retailer A search for the Ivanka Trump section of the Bay's website presented users with a message that read "We could not find any matches for your search". Not anymore. Asked whether other companies like Saks Fifth Avenue or Saks OFF 5th will follow suit, the spokesperson said "each banner makes decisions on its individual merchandise assortment based on brand performance". [Full Article...]

How Long Is Amazon Prime Day?

How Long Is Amazon Prime Day? CNET's Dan Ackerman joins "CBS This Morning" to discuss what to expect from the big sale. Amazon are also offering its Prime members four months of Prime Music for just 99p ! "Given the ongoing price war between Amazon and Walmart across multiple categories, and the ripple effects creating collateral damage for others, we see the industry caught in the throes of 'Retail Darwinism, ' whic... [Full Article...]

European Union says China could open its economy if it wishes

Washington imposed 25 percent tariffs on $34 billion of Chinese goods in response to complaints Beijing steals or pressures companies to hand over technology. Before arriving in the Finnish capital Trump named the European Union and China as "foes" to the US. Speaking at a news conference, he said: "If China wishes to open up, it can do so". [Full Article...]

Papa John's founder throws shade at NFL, Roger Goodell

Papa John's founder throws shade at NFL, Roger Goodell The NFL parted ways with Papa John's earlier this year, but multiple individual teams still do business with the company. Our employees represent all walks of life, and we are committed to fostering an inclusive and equitable workplace for all. [Full Article...]

British cave diver says considering legal action after Elon Musk 'pedo' tweet

British cave diver says considering legal action after Elon Musk 'pedo' tweet In a string of weird, now deleted tweets , Musk said he was working on producing a video to prove his submarine could have reached the children. "He was one of the driving forces in getting everything done and clarifying for us divers what was going on", he told AFP . [Full Article...]

Target Launches Rival Sales Event to Coincide With Amazon's Prime Day

Target Launches Rival Sales Event to Coincide With Amazon's Prime Day There's more than a million deals for Prime members, which launch as often as every five minutes and sell out fast. Amazon is keeping that a surprise, but there are plenty of things you can do right now to make sure you're getting the most out of the sale. [Full Article...]

China does not need U.S. soybeans for state reserves - Sinograin official

China does not need U.S. soybeans for state reserves - Sinograin official August per bushel prices rose slightly $8.33. All the same, the average price for this year's USA soybean crop was forecast at $9.25 a bushel, 75$ lower than a month ago and the lowest in four years. 'But eventually you'll run out of non-China buyers'. "Despite losing market share in China, soybean exports are supported in other markets as lower USA prices increase demand and market share", sa... [Full Article...]

Over 200 new launches expected in Amazon Prime Day sale 2018

Over 200 new launches expected in Amazon Prime Day sale 2018 This is the second edition of Amazon's Prime Day sale in India. Going by the landing page of the website, the sale will proffer the customers with exciting deals and offers on various products across categories like smartphones , tablet, TVs , laptops and more. [Full Article...]

Russian Federation summons Greek ambassador over expulsion of its diplomats

Russian Federation summons Greek ambassador over expulsion of its diplomats Under the deal, Macedonia will become North Macedonia and Greece will lift its veto of its neighbor joining the European Union and NATO. A Greek court agreed on Friday to extradite a Russian cybercrime suspect to France, a decision the Russian government protested and which could further sour relations between the two countries after Greece expelled two Russian diplomats. [Full Article...]

Elon Musk can 'stick his submarine where it hurts' says hero

Elon Musk can 'stick his submarine where it hurts' says hero Unsworth said Musk's mini-sub stunt, in fact, got in the way of the rescue. His comments were echoed by Unsworth, a participant in the rescue bid, who said Musk could "stick his submarine where it hurts". "You know what, don't bother showing the video ". He then denied Unsworth's claim that Thai officials asked him to leave the cave site when he went there July 9, saying, "Thai navy seals esc... [Full Article...]

Comcast boosts Sky bid, topping Fox offer in global standoff

Comcast boosts Sky bid, topping Fox offer in global standoff As part of the global standoff, Disney and Comcast are both vying to acquire the entertainment assets of Murdoch's 21st Century Fox Inc. It lifted its bid for Sky on Wednesday after Fox sweetened its rival offer to £14 per share earlier that day. [Full Article...]


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