• Oil rallies as Iran sanctions kick in
Oil rallies as Iran sanctions kick in

Under the arrangement, Iran's oil payments were deposited into accounts in oil-importing countries and used by Tehran to buy goods. The 6-million-barrel purchase was the first time that Indian Oil Corp (IOC)-which was the first Indian refiner to buy us oil last summer-has bought usa crude oil through a mini-term tender, the Indian company's D...

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  • Tesla board evaluating CEO Musk's idea to take company private
Tesla board evaluating CEO Musk's idea to take company private

The statement says Musk "addressed the funding for this to occur" in the conversations. Former SEC chair Harvey Pitt told CNBC that while the United States stock market regulator permits executives of publicly listed companies to use social media to make statements about their businesses, Musk's tweet was still "highly unprecedented".

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  • Trump going ahead with taxes on $16B in Chinese imports
Trump going ahead with taxes on $16B in Chinese imports

Amid a steep correction in crude prices, China said on Wednesday that it would impose a 25-percent tariff on U.S. imports worth US$16 billion, including crude oil, diesel, cars, coal, and steel products, in retaliation to the U.S. Additionally, an executive from China's Dongming Petrochemical Group said at the time that he expected Beijing ...

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  • Facebook Wants Banks to Hand Over Your Financial Information
Facebook Wants Banks to Hand Over Your Financial Information

Reports now claim the platform wants to gain access to its users" financial information to "boost engagement.' . "We do not use purchase data from banks or credit card companies for ads", company spokesperson Elisabeth Diana told The Wall Street Journal .

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  • Elon Musk says he's considering taking Tesla private
Elon Musk says he's considering taking Tesla private

Tesla did not immediate respond to requests for comment. The firm's shares climbed more than 6% after the tweet, but the Nasdaq later halted trading pending an announcement. The Financial Times, citing unnamed people with direct knowledge of the matter said Saudi Arabia's Public Investment Fund had built a stake of between 3 and 5 percent of Tels...

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  • Apple becomes first publicly traded company to be worth $1 trillion
Apple becomes first publicly traded company to be worth $1 trillion

In March we talked about the race between Apple , Amazon , Google and newcomer Microsoft to become the first US-based company valued at a trillion dollars. Apple's software and services revenue, including the App Store, which recently turned 10 years old on July 10, along with Apple Music and cloud services, jumped 31 percent year-over-year.

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  • Ohio offers sales tax free weekend
Ohio offers sales tax free weekend

The Ohio Department of Taxation has announced a two day, sales-tax holiday . The tax holiday qualifies for personal-use items only. People may purchase far more goods than usual on the holiday , but they tend to wait until those dates to shop, making business slower between the tax exemptions.

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  • Apple becomes world's first public company worth $1 trillion
Apple becomes world's first public company worth $1 trillion

While Apple was hovering just beneath the historic 13-figure number since late July, it wasn't until earlier this morning after stocks rose 2.7% to $207.05 - the highest in company history - that it became official. This makes Apple worth more than the economies of countries such as Saudi Arabia, Switzerland and Taiwan. Amazon had the second-la...

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  • Facebook Stock Decline Is Largest One-Day Drop in U.S. History
Facebook Stock Decline Is Largest One-Day Drop in U.S. History

Facebook has lost around one million users in Europe thanks to new data protection regulations. At one point during the call, Facebook shares were trading down as much as 24 percent, an unprecedented drop for a large firm. In fact, the call with Zuckerberg and his colleagues only made things worse for Facebook's share price. In the wake ...

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  • 'It worries me': Farmers on tariff relief
'It worries me': Farmers on tariff relief

Riley says at this point it's unclear how much - if any - of the aid will make it to Colorado. The US and European Union will "hold off on other tariffs" while negotiations proceed, Mr Juncker said. exports of soybeans are a big deal but pork has been greatly impacted as well by reduction in exports to China and through NAFTA to Mexico most of ...

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  • Trump Administration to Offer Multibillion-Dollar Bailout for US Farmers
Trump Administration to Offer Multibillion-Dollar Bailout for US Farmers

Trump is also set to meet Wednesday with European Commission President Jean-Claude Juncker. Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for USA duties on Chinese goods as well as on steel and aluminum imports from the European Union , Canada and Mexico.

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  • Trump China tariff, trade pushes up Make America Great Again hat price
Trump China tariff, trade pushes up Make America Great Again hat price

Canada and Mexico, members of the North American Free Trade Agreement (NAFTA) with the U.S., have not been spared the Washington offensive on steel and aluminum and have imposed their own counter-tariffs on United States goods. Several of the more than 20 governors attending the annual meeting of the National Governors Association said shifting USA...

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  • Inflation holds firm as retail offsets energy and fuel hikes
Inflation holds firm as retail offsets energy and fuel hikes

Mike Hardie, its head of inflation, explained: "Consumers have been feeling the benefit of the summer clothing sales, and computer game prices have also fallen". Upward pressure on prices came from motor fuels, domestic gas and electricity but this was offset but falling prices for clothing and games, toys and hobbies.

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  • Sterling tumbles after United Kingdom parliament vote on trade bill
Sterling tumbles after United Kingdom parliament vote on trade bill

Shadow Scotland Secretary Lesley Laird said the fact that no Scottish Conservative MPs rebelled against the government meant "Ruth Davidson's pledge that her MPs would stand up for Scotland was nothing short of a lie". The commission said Grimes and an official from Vote Leave both have been referred to police "in relation to false declarations of ...

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  • The Stakes Just Got Higher in the 21st Century Fox v
The Stakes Just Got Higher in the 21st Century Fox v

Comcast gatecrashed Mr Murdoch's attempt to buy the 61% of Sky his company did not already own in February while the Fox deal awaited government approval. Sky gives Fox and Comcast a rare opportunity to diversify out of the United States and reach more consumers directly. The end of the week is also be the deadline for Comcast to post an offe...

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  • May stares down Brexit plan backlash as ministers quit
May stares down Brexit plan backlash as ministers quit

The departures of David Davis and Boris Johnson clearly rip apart what appeared to be the makings of a fragile Brexit ceasefire among some of the big players in the Conservative Party. Arch-Brexiteer Jacob Rees-Mogg said he did not believe there would be a vote of confidence in Mrs May by Tory MPs, but called on her to change her Brexit s...

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  • Day 2 of Thai cave rescue operation
Day 2 of Thai cave rescue operation

The cave system, in a limestone mountain range bordering Myanmar in northern Thailand , has proven to be a formidable challenge for the global rescue coalition drawing some of the world's best divers who have volunteered to help in the operation alongside Thai Navy SEALs.

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  • Micron stock falls after Chinese court bans sale of its memory chips
Micron stock falls after Chinese court bans sale of its memory chips

The Fuzhou Intermediate People's Court issued a preliminary sales injunction against Micron that prevents it from selling the chips, including DRAM chips and NAND flash memory chips, in China, UMC said in a statement late on Tuesday. Micron has also been looked at as a pawn in the escalating trade war pitting Washington against China. 'UMC is pl...

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  • China warns of 'counterattack' as United States tariffs take effect
China warns of 'counterattack' as United States tariffs take effect

Asked on Thursday whether China would target US-funded businesses in China to counter U.S. restrictions on Chinese products, Chinese Ministry of Commerce spokesman Gao Feng said it was not part of Beijing's plan and, instead, China might compensate foreign businesses for losses from a trade war .

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  • Iconic LeBron James banner in Cleveland comes down
Iconic LeBron James banner in Cleveland comes down

However adding a player like Howard, even if his scoring has declined some since his prime, would add a major physical and (most importantly) rebounding presence down low. He's expected to complete a buyout with the franchise, go through waivers and then hit free agency. Sam Amick reported this past weekend that Howard was interested in joining...

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  • Walmart pulls
Walmart pulls "Impeach 45" T-shirts after Trump supporters threaten boycott

The Walmart.com marketplace is teeming with MAGA hats and coffee mugs, but the company has just pulled an anti-Trump shirt with the slogan " Impeach 45 " from its website. Walmart hasn't responded to media inquiries seeking a response to the boycott threats. Trump supporters took to Twitter with the hashtag #BoycottWalmart .

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  • In farewell to United States shoppers, Toys R Us urges Play on!
In farewell to United States shoppers, Toys R Us urges Play on!

Promise us just this one thing: Don't ever grow up. It was only a few months later in January 2018 that the chain announced it would close 180 stores thanks to its $5 billion debt. The photo of a sullen Geoffrey the Giraffe was taken by Rene Johnpiere, believed to be an employee at a Toys "R" Us in Waterbury, Connecticut. Drugstores like CVS ...

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  • Can Donald Trump Lower Gas Prices? President Lashes Out at OPEC
Can Donald Trump Lower Gas Prices? President Lashes Out at OPEC

With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! After months of sharp oil price rises there is now considerable uncertainty as to the market's direction for the rest of the year, OPEC said on Tuesday as a key meeting of oil producers looms.

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  • USA to curb Chinese investment in tech firms
USA to curb Chinese investment in tech firms

Also Monday, Wisconsin's Harley-Davidson tumbled more than 6% after saying it would move some production out of the USA amid retaliatory tariffs the company said would bring about a "tremendous cost increase". The bill would allow the Committee on Foreign Investment in the United States (CFIUS) to review transfers of minority interests in companies...

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  • Trump wants those who 'invade' sent right back
Trump wants those who 'invade' sent right back

Government agencies were unable to say what would happen to the children already sent to tent camps and other facilities spread across the country while their parents were charged with immigration offenses. The Trump administration announced plans in April to prosecute all immigrants caught along the southwest border with illegally entering the cou...

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