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Finance

Revenue and earnings per share were both up (and over analyst expectations), and stocks have seen a modest bounce as investors jump back on the hype train. The company closed the day with a valuation of $935 billionーits next closest rival, Amazon , ended the day at $867 billion. Apple Pay has been used for more transactions than popular services Square and PayPal, Cook said.
  • Mega Millions jackpot at $433M for winning numbers drawing tonight

    Mega Millions jackpot at $433M for winning numbers drawing tonight

    Finance

    By Friday afternoon, the jackpot increased to $433 million. This is the third jackpot this year of more than $400 million. The next drawing is set for Tuesday night. Both jackpots start at $40 million and roll until the jackpot is won. The winning ticket was sold in Ohio. The odds of winning both jackpots are one in 75 quadrillion - that's 15 zeros - according to data scientists at Allstate.
  • Trump threatens tariffs on all $500 bln of Chinese imports

    Trump threatens tariffs on all $500 bln of Chinese imports

    Finance

    Soybeans fill a trailer at a farm in Buda, Illinois, U.S., July 6, 2018. China hit back dollar for dollar and accused the United States of starting the "largest trade war in economic history". assets. The threat to place tariffs on all Chinese goods sent to the USA would effectively end the tit-for-tat trade battle between the two nations, as Chinese imports from the United States are a comparatively small $129.9 billion.
  • GST slashed: Sanitary pads, footwear, small TVs among 100 items impacted

    GST slashed: Sanitary pads, footwear, small TVs among 100 items impacted

    Finance

    The issue has also been a focus of political debate in Britain where sanitary products are still taxed as a "luxury" product. Among several items on which GST was reduced include footwear, small televisions, water heater, electric ironing machines, refrigerators, lithium-ion batteries, hair dryers, vacuum cleaners, food appliances and ethanol.
  • Russian Federation investing $64 billion in Iran’s oil and gas

    Russian Federation investing $64 billion in Iran’s oil and gas

    Finance

    West Texas Intermediate crude for August delivery, which expires Friday, rose $1.34 to $70.10/bbl at 10:05 a.m. on the New York Mercantile Exchange. Brent oil fell 78 cents to $72.12 per barrel by 1:04 p.m. sanctions. "With Russia quick to offer the President a supply olive branch and Saudi Arabia mainly in his back pocket when it comes to increasing their supply, its challenging to see (the) gasoline numbers turning the bearish market's tide", he said.
  • Europe slams Google with a record $7.4 billion antitrust fine

    Europe slams Google with a record $7.4 billion antitrust fine

    Finance

    The new $5 billion fine would undoubtedly force Google to revamp its strategy of delivering personalized search results since the whole paradigm is based on Google search and its entire app ecosystem. "In other words , the Commission decision does not question the open source model or the Android operating system as such", it said . Blumenthal previously called on regulators to investigate how Google tracks users of Android phones.
  • IPhone sale: Upto 30% discount on iPhones at Amazon Prime Day sale

    IPhone sale: Upto 30% discount on iPhones at Amazon Prime Day sale

    Finance

    Amazon Prime Day has finally arrived, offering huge deals all through today and the rest of tomorrow. For £14.99 - down from £45 -you get the Live Subscription and £10 of Xbox Store credit, saving you £30. Last year, three out of four Prime Day shoppers visited other sites before purchasing an item on Amazon, with Walmart and Target the most popular destinations, according to a survey by Bazaarvoice, which monitors social-media feedback about brands.
  • Papa John's to remove founder from promotions; Yankees cuts ties

    Papa John's to remove founder from promotions; Yankees cuts ties

    Finance

    Over the last 24 hours our community has been fractured by the comments made by former UofL trustee John Schnatter. Louisville coach Bobby Petrino said in a statement that the school "made the correct decision" to rename the stadium. Major League Baseball had also said it was indefinitely suspending a promotion with Papa John's that offered people discounts at the pizza chain after a player hit a grand slam.
  • What to Know About Amazon Prime Day’s Whole Foods Deals

    What to Know About Amazon Prime Day’s Whole Foods Deals

    Finance

    Whole Foods has regular 10 percent off sales open only to Prime members and sells its store brand, 365 Everyday Value, on Amazon. Along with the extra six hours, Amazon Prime Day is extending to four new countries this year: Australia, Singapore, the Netherlands and Luxembourg.
  • Tesla Plans 500,000 Cars-A-Year Factory In China

    Tesla Plans 500,000 Cars-A-Year Factory In China

    Finance

    Tesla Inc . has reached a preliminary agreement with the Shanghai government to build a factory that'll rival production from its lone US assembly plant, as Elon Musk takes his biggest step yet to expand overseas. That was more than double the US level of just under 200,000. Other automakers long ago capitulated to China's strict foreign ownership requirements for auto factories, requiring USA companies to establish 50:50 joint ventures with local firms to build cars in the world's ...
  • Eyes turn to China as President Trump's import tariffs go live

    Eyes turn to China as President Trump's import tariffs go live

    Finance

    Economic Development Minister Maxim Oreshkin said in a statement Friday that additional tariffs ranging from 25 to 40 percent have been applied to some road construction equipment, oil and gas equipment, metal processing instruments, drilling equipment and optical fiber.
  • June Brings Uptick in Legal Employment

    June Brings Uptick in Legal Employment

    Finance

    They expect the unemployment rate to have held steady at 3.8%, the lowest level since 2000 and 1969 before then. Employers in the United States are thought to have kept up their brisk pace of hiring in June, reflecting the durability of the second-longest USA economic expansion on record even in the face of a trade war with China.
  • Oil falls as Trump urges OPEC to reduce prices

    Oil falls as Trump urges OPEC to reduce prices

    Finance

    OPEC members agreed June 23 to increase crude oil output by pumping 1 million barrels more daily, but it is still unclear how much of the oil produced would ease off prices in a period-the northern hemisphere's summer-generally associated with high oil demand.
  • Mexican Peso Jumps After Lopez Obrador’s Conversation With Trump

    Mexican Peso Jumps After Lopez Obrador’s Conversation With Trump

    Finance

    Lopez Obrador, often called by his initials AMLO, told a Mexican television network that Trump's tweet was "very respectful" and that Mexico was "never going to disrespect the USA government because we want them to respect us". Lopez Obrador previously vowed to throw the energy reform out but now says contracts merely will be reviewed for any illegalities. The election came amid a backdrop of mounting tensions between Mexico and the U.S., which some analysts say have pushed relations ...
  • Oil Prices Head Higher On Huge Crude Draw

    Finance

    Iran will apply various methods to thwart the USA sanctions, Jahangiri said during a meeting of the resistance economy headquarters. The president, in an interview with Fox News's "Sunday Morning Futures with Maria Bartiromo also piled pressure on close USA allies with a threat to sanction European companies that do business with Iran".
  • Trump claims Saudi Arabia will boost oil production

    Trump claims Saudi Arabia will boost oil production

    Finance

    In a morning tweet from his private golf club in Bedminster, N.J., Trump said he made the request during a conversation with Salman, citing the "turmoil" and dysfunction in Venezuela and Iran for driving up prices at the pump. 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.
  • India happy with OPEC decision to raise output

    India happy with OPEC decision to raise output

    Finance

    Brent crude futures fell 82 cents, or 1.1 percent, to settle at $74.73 a barrel. "The trade tensions and overall global market concerns are what's holding crude back today", said Bill Baruch, president of Blue Line Futures in Chicago.