Markets

August Jobs Report: Economy Adds 201,000 Jobs; 3.9 Percent Unemployment

August Jobs Report: Economy Adds 201,000 Jobs; 3.9 Percent Unemployment The nation added a robust 201,000 jobs in August, the Labor Department reported Friday, and the national unemployment rate remained at 3.9 percent, one of the lowest levels in half a century. Higher mortgage rates and years of rapid price increases are slowing the housing market. The employment report added to manufacturing and services industries surveys in suggesting the Trump administration... [Full Article...]

Beijing ‘will hit back’ if Trump imposes new trade tariffs

Beijing ‘will hit back’ if Trump imposes new trade tariffs The proposed new tariffs from Washington - levied at 25% of the value of thousands of specific products - would come on top of existing 25% tariffs on $50bn of Chinese exports, most of which kicked in on 6 July. The 16 per cent decline in soybean exports brought the total to US$3.53 billion, though shipments year-to-date are still up 43 per cent from a year earlier. [Full Article...]

Economy adds 201K jobs in August, unemployment holds at 3.9 percent

Manufacturing lost 3,000 jobs, which is surprising given other signs of strength in the manufacturing sector. In the 19 full months preceding Trump's presidency - July 2015 to January 2017 - the economy created 3.96 million jobs. The government imposed import duties on goods including steel, aluminum, washing machines, lumber and solar panels early this year to protect American industries from wha... [Full Article...]

'Stop BEZOS Act' introduced in Senate targeting large employers

'Stop BEZOS Act' introduced in Senate targeting large employers Sanders' office pointed out a report by the New Food Economy , which found 1 out of 3 Amazon workers in Arizona and about 2,400 employees in Pennsylvania and OH receive food stamps. "In fact, the median USA salary for full-time Amazon employees is $34,123", the company writes in a blog post , adding "the average hourly wage for a full-time associate in our fulfillment centers.is over $15/hou... [Full Article...]

Petrol, diesel prices rise by about 50 paise. Check today’s rate

Petrol, diesel prices rise by about 50 paise. Check today’s rate In Delhi, the petrol price rose to a record ₹79.99 a litre, while diesel price has been increased to ₹72.07 a litre, according to the daily price notification issued by OMCs. State-owned oil firms had in June previous year discarded the policy of changing fuel rates on the first and 16th of every month, and resorted to daily price revision instead. [Full Article...]

Bitcoin and other cryptocurrencies suffer a sudden crash

Bitcoin and other cryptocurrencies suffer a sudden crash Bitcoin , for example, just repeated the same pathetic behavior it exhibited back in July, only this time on a considerably weaker scale. An even more drastic view sees today's drop as contributing to a drastic downward push on Bitcoin price; seeing it fall past the $5000 level until there are more supports. [Full Article...]

Chrystia Freeland, Canada's FM, calls NAFTA talks 'constructive' but still no deal

Chrystia Freeland, Canada's FM, calls NAFTA talks 'constructive' but still no deal Trudeau offered some of his sharpest criticism of the unpredictable American president, saying that Canada won't give an inch to Trump's desire to scrap NAFTA's Chapter 19 dispute resolution panels. On Saturday, Trump said there is " no political necessity " to keep Canada in NAFTA and he warned Congress not to interfere or he would kill the pact. [Full Article...]

Trump prepares to raise stakes in showdown with China

Trump prepares to raise stakes in showdown with China The deficit in goods and services was a seasonally adjusted $50.1 billion in July, up by 9.5 per cent from a revised $45.7 billion the month before. Global markets were on edge after US President Donald Trump threatened fresh tariffs on another $200 billion in Chinese imports. [Full Article...]

Bitcoin Falls Off a Cliff Again as Cryptocurrency Slump Deepens

The news has come together with the announcement that Wall Street banking giant Goldman Sachs has postponed its plans to set up a cryptocurrency trading desk mowing the case lower down on its priority list. The biggest problem for financial institutions that want to buy and sell bitcoin is that the centralized exchanges the asset trades on have a history of being vulnerable to hacks . [Full Article...]

Recalled Kellogg's Honey Smacks cereal sickens 30 more people, 1 in Minnesota

Recalled Kellogg's Honey Smacks cereal sickens 30 more people, 1 in Minnesota So far, 36 states have reported salmonella cases, including Colorado and Oklahoma with two cases each. The Kellogg Company recalled Honey Smacks cereal on June 14 after a wave of Salmonella infections were reported. Thirty people have been hospitalized in this outbreak. However, the CDC says illnesses that began after August 4 might not yet be included in the data because of the time it ta... [Full Article...]

Toyota recalls 7,000+ vehicles in Canada due to fire risk

Toyota recalls 7,000+ vehicles in Canada due to fire risk Following a domestic recall announcement by Japan's transport ministry, Toyota said that in affected vehicles, the wire harness which connects to the hybrid power control unit can come into contact with the covering at the connection point. [Full Article...]

New Mercedes-Benz EQC electric SUV finally revealed…

New Mercedes-Benz EQC electric SUV finally revealed… Speaking at the launch, Dieter Zetsche , Chief Executive Officer at Daimler , said, "There is no alternative to betting on electric cars and we are going all in."A 10 billion euro investment was to be made in the electric vehicle push, but Daimler has spent more than that", Zetsche said". [Full Article...]

Volvo wants to replace aeroplanes with autonomous cars

Volvo wants to replace aeroplanes with autonomous cars Volvo says it'll do quad-duty as "a sleeping environment, mobile office, living room and entertainment space". "The sleeping cabin allows you to enjoy premium comfort and peaceful travel through the night and wake up refreshed at your destination". [Full Article...]

Elon Musk quadruples down on ‘pedo’ allegations in wild new emails

Elon Musk quadruples down on ‘pedo’ allegations in wild new emails Musk had volunteered to design a mini-submarine to extract the team, but it ultimately was not used. Unsworth, who Buzzfeed News confirmed was heavily involved on the logistical side of the rescue, was less kind in a CNN interview after the fact. [Full Article...]

Amazon India Hindi marketplace to woo new e-shoppers

Amazon India Hindi marketplace to woo new e-shoppers Amazon wishes to target 100 million Hindi speaking ecommerce users from small towns and cities, where English hasn't become the mainstream language to shop. Interestingly, the report of Amazon India launching the Hindi version of its mobile and web interface comes just days after the initial reports which suggested that the company was testing an interface that would feature text in Hindi. [Full Article...]

Bitcoin (BTC) Price Crashes As Goldman Ditches Trading Desk

Bitcoin (BTC) Price Crashes As Goldman Ditches Trading Desk Even tokens with the most liquid Bitcoin trading pairs like Tron, EOS, Cardano, ICON, and Ontology demonstrated daily drops in the range of 5 to 13 percent against Bitcoin. The virtual currency can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government. [Full Article...]

Rupee hits new low of 72.12, plunges 37 paise against US dollar

Rupee hits new low of 72.12, plunges 37 paise against US dollar Finance Minister Arun Jaitley on Wednesday said the recent trend in the Indian rupee's devaluation has been caused due to external factors. The battered rupee has lost 165 paise in the last six trading sessions. "There is no supply (of dollars) in the market ", a senior forex official at a state-run bank said about the reason for the sharp fall in the Indian currency. [Full Article...]

McDonald's customers create fake poster to hang in restaurant promoting racial diversity

Maravilla was wearing his McDonald's shirt to blend in. "They had other races but no Asians so we felt like it was our duty to put ourselves up there". They edited the photo and ordered a large poster print from Office Depot for a little more than $80. Maravilla found a McDonald's uniform at a goodwill store and created a fake badge and title of "Regional Interior Coordinator". [Full Article...]

S.Africa slips into recession, against forecasts

S.Africa slips into recession, against forecasts Though the policy only began in earnest last month, following a televised address by Cyril Ramaphosa, the newly-installed president had already declared that the government would pursue "expropriation without compensation" in February, during his "State of the Nation" address. [Full Article...]

Oil Prices Rally On Supply Worries

Oil Prices Rally On Supply Worries The price of Brent went up by about 60 cents to sell at $78.24 a barrel, while US crude went up by 15 cents to trade at $69.95. Money managers are bullish on West Texas Intermediate crude futures, but not as much as on Brent. The U.S. wants to reduce Iran's oil exports effectively to zero with renewed sanctions in November after pulling out of the nuclear deal between Iran and western powers i... [Full Article...]


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