Markets

Putin invites Trump to Moscow

He went on to praise Mr Trump, saying he "strives to fulfil the promises, above all, given to voters". Trump was criticized at home for failing to confront Putin publicly over Moscow's interference in the 2016 US election, and for seeming to contradict his own intelligence agencies on the threat from Russian Federation. [Full Article...]

Trump's re-election banners could get hit by his own China tariffs

Trump's re-election banners could get hit by his own China tariffs A pan-European Business Confederation on Thursday applauded the trade relations agreement. "President Juncker made it very clear that he meant to help us, President Trump , on the China problem", Kudlow said in an interview on the Fox Business Network. [Full Article...]

The President Says 4.1% GDP GROWTH is JUST THE BEGINNING

The President Says 4.1% GDP GROWTH is JUST THE BEGINNING President Trump got the big number he was looking for this week, when the government announced the economy grew by 4.1% in the second quarter. Few economists outside the administration agree with this claim. "The trade deficit, very dear to my heart - because we've been ripped off by the world - has dropped by more than $50 billion, $52 billion to be exact ..." The United States slapped 25 perc... [Full Article...]

Facebook stock falls 24 percent following report of slow user growth

Facebook stock falls 24 percent following report of slow user growth He's now estimated to be the sixth richest person in the world, falling from third. After-hours declines don't always hold the next day. FBN's Stuart Varney on concerns about the future of Facebook . Facebook also had 185 million North American DAUs and 279 million European DAUs, below the FactSet forecasts of 185.4 million and 279.4 million respectively. [Full Article...]

BRICS leaders pledge to strengthen multilateral trading system

BRICS leaders pledge to strengthen multilateral trading system The summit is running under the theme " BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution". "During his entire life, he has been upholding and protecting the principles of equality, openness and fairness". Efforts by China to build a coalition in its trade war against the USA are underway, with provisions for Xi to announce additiona... [Full Article...]

US economy surges to 4.1 percent growth rate in April-June quarter

The President touted his administration's "economic turnaround of historic proportions" from the White House, adding "we've turned it all around" after eight years of stagnant growth and loss of manufacturing jobs. The rest of the year is likely to see solid, but slower growth of around three per cent. The transformation is also not as dramatic as Trump claims - and in many ways the 4.1 per ce... [Full Article...]

Free MAC lipstick for National Lipstick Day 2018

All you need to do is show up at any MAC store, counter, or Ulta Beauty shop. Customers can visit a participating location and choose from one of nine shades while supplies lasts. MAC will also offer the free lipstick in the same shades with online orders of $25 or more on Sunday. Moreover, this isn't your only shot at grabbing free swag this weekend. [Full Article...]

Twitter shares plunge as monthly users decline

Twitter shares plunge as monthly users decline Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors. Revenues from advertising rose, delivering Twitter's third profitable quarter in a row. The San Francisco-based company warned investors to expect user numbers to fall further as it took greater action to block fake and offensive accounts. [Full Article...]

Russia's Putin Says 'Ready To Go To Washington', Invites Trump To Moscow

Earlier this week, Kremlin diplomat Yuri Ushakov splashed some cold water on the idea of a second summit between President Donald Trump and Russian leader Vladimir Putin . Putin said in the meantime, it was possible that he and Trump would meet on the sidelines of the Group of 20 summit, or another global event. "There are some things you can't do over the phone". [Full Article...]

Papa John's founder sues pizza chain

Papa John's founder sues pizza chain The complaint, Schnatter v. Papa Johns International Inc filed in Delaware Chancery Court, comes after a request by Schnatter and his attorneys access to company documents to inspect accusations of inappropriate behavior. Schnatter says he has been falsely accused, and calls his resignation a mistake. Schnatter said in the interview that the company's performance had suffered under Ritchie. [Full Article...]

Bitcoin ETF mania dented as SEC again rejects Winklevoss fund

Bitcoin ETF mania dented as SEC again rejects Winklevoss fund Yet the concerns highlighted in that March decision don't seem to have abated, according to the decision published Thursday by the SEC. The SEC said that it believes that Bitcoin and other cryptocurrency markets are still in their "early stages of development" and "over time, regulated bitcoin-related markets may continue to grow and develop". [Full Article...]

Business groups urge U.S. not to impose more tariffs on Chinese imports

Business groups urge U.S. not to impose more tariffs on Chinese imports Rural and agricultural states supported Trump by wide margins in the 2016 election, and the aid package comes ahead of US mid-term elections in November. "Congrats to @ JunckerEU , @ realDonaldTrump: Breakthrough achieved that can avoid trade war & save millions of jobs!" CNN on Tuesday obtained and aired a secret audio recording that captured Trump and Cohen discussing a potential payment ... [Full Article...]

Facebook plunges more than 24 percent on revenue miss and projected slowdown

Facebook plunges more than 24 percent on revenue miss and projected slowdown The 19 per cent loss is the social media giant's worst trading day since it went public in 2012. Facebook CFO David Wehner told investors revenue growth would decline significantly over the next few quarters, and that Facebook's operating margin would drop from 44% in Q2 to the mid-30% range over a time frame of more than the next two years. [Full Article...]

Trump, Juncker announce deal pulling back from US-EU trade war

Trump, Juncker announce deal pulling back from US-EU trade war The two sides agreed to agree in the near future on the tariff question. "We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans; soybeans is a big deal", he said , adding that Europe would also step up purchases of liquefied natural gas from the United States . [Full Article...]

London Black Cab Drivers Trying To Sue Uber For £1bn

London Black Cab Drivers Trying To Sue Uber For £1bn Correction, July 25, 2018, 10:32 a.m. EDT: A previous version of this article erroneously said Black London drivers were weighing a lawsuit against Uber over lost earnings. Unions have also criticised the firm for how it treats drivers. Uber won a probationary licence to operate in the city last month, after Transport for London had refused to renew it last September for failings in its approa... [Full Article...]

Facebook is building innovation hub in China

Facebook is building innovation hub in China If the enterprise is successful, it could serve to get the website unblocked in the world's most populated country. Facebook said it wanted to use the subsidiary to coordinate with Chinese developers in the closely censored market. Facebook has been banned in China for years with no hope of overcoming what has been called the Great Firewall of China. "Having a wholly foreign-owned enterprise... [Full Article...]

Can Mexico's new leader reset relations with Trump?

Can Mexico's new leader reset relations with Trump? Obrador sent Trump a letter that urges a restart of the NAFTA renegotiations. "Mexico has always been a country committed to openness and integration and I believe that this will be maintained", he said. Treasury Secretary Steven Mnuchin at the G20 meeting of finance ministers and central bank governors. He will be accompanied by Jesus Seade, the designated chief NAFTA negotiator of the incomi... [Full Article...]

Cop helps homeless get ready for job interview

Cop helps homeless get ready for job interview The homeless man, identified only as "Phil", was told he could get a job at a local McDonald's restaurant. Phil's life changed over the weekend, when he was trying to remove his beard with a used razor. Carlson handed the razor back over, which is when another problem presented itself. The post has been shared more than 1,000 times on Facebook , with numerous comments praising Officer Car... [Full Article...]

Iran 2nd largest oil supplier to oil PSUs in April-June: Pradhan

Iran 2nd largest oil supplier to oil PSUs in April-June: Pradhan India's financial year runs from April to March. Signs of Russian Federation and Saudi Arabia increasing oil production, as well as last week's surprise build in USA crude stockpiles, have also weighed on prices, said Tariq Zahir , analyst at Tyche Capital Advisors , Reuters reported. [Full Article...]

Trump And EU Agree To Work Toward Zero Tariffs

Trump And EU Agree To Work Toward Zero Tariffs Trump and Juncker said after a White House meeting that they agreed to hold sweeping trade talks that also cover increased European purchases of American soybeans and liquefied natural gas (LNG) and reducing barriers to transatlantic trade in services, chemicals, pharmaceuticals and medical products. [Full Article...]


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