Economy

Microsoft thanks the cloud for a far brighter outlook

Microsoft thanks the cloud for a far brighter outlook Non-GAAP earnings per share was $1.13 up from $1.06 year-over-year and topping analyst estimates of $1.08. " Office consumer products and cloud services revenue increased 8 per cent and Office 365 consumer subscribers increased to 31.4 million", Microsoft said, adding that LinkedIn revenue increased 37 per cent. [Full Article...]

Trump trespasses on Fed's independence by blasting Powell's rate hikes

The issue also ties into the Trump administration's current trade battles with China, Europe and others , as a strong currency tends to make a country's exports more expensive, hurting exporters. United States companies may find themselves less able to compete globally as import tariffs contribute to rising input costs, forcing them to raise prices or lower their profit margins. [Full Article...]

China Welcomes the Improvement in Russia-US Relations, States Foreign Ministry

China Welcomes the Improvement in Russia-US Relations, States Foreign Ministry The members who have filed requests for consultations so far include Canada, China , the EU, India, Mexico, Norway, Russia, and Switzerland. The seventh World Trade Organization (WTO) review of China's trade policies, held in Geneva, was a complete success, a Chinese commerce official said Thursday. [Full Article...]

Oil Prices Fall Following U.S. Inventory Rise

Oil Prices Fall Following U.S. Inventory Rise Even higher US production is likely, Rystad Energy said. OPEC+ increases . Saudi Arabia , which detests Iran, has already begun to violate limits imposed by the Organization of the Petroleum Exporting Countries and pump oil to keep prices down. [Full Article...]

Google Hints A Future Where Android Might NOT Be Free

Google Hints A Future Where Android Might NOT Be Free US President Donald Trump tweeted that the EU's record $5 billion fine of Google was a sign the bloc had "taken advantage of the U.S". The president tweeted: "I told you so!" "They truly have taken advantage of the United States, but not for long!" he said. [Full Article...]

UK PM urged to tear up her Brexit plan

UK PM urged to tear up her Brexit plan Theresa May faces another turbulent day for Brexit as her plan to publish more than 70 papers giving instructions to businesses and homes on how to prepare for a no-deal is revealed. In a letter to voters in his Shipley constituency, obtained by the Yorkshire Post , Mr Davies said that Mrs May's Chequers' plan for Brexit was " unacceptable ". [Full Article...]

August rate hike 'less of a dead cert' after surprise inflation figures

August rate hike 'less of a dead cert' after surprise inflation figures The reading was below market expectations for a rise to 2.6%. Clothing and footwear prices fell by 2.1 percent between May and June, the biggest decline for the month since 2012, with the ONS reporting a greater incidence of discounting. Sterling fell against the USA dollar to its lowest value in 10 months in response. Mr Brettell said the "inflation data combined with...lacklustre wage growth... [Full Article...]

MGM sues Vegas mass shooting victims, argues it isn't liable

MGM sues Vegas mass shooting victims, argues it isn't liable MGM Resorts International said in federal lawsuits filed Thursday and Friday that it can not be held liable for casualties from the attack, which left 58 people dead and hundreds of others injured when Stephen Paddock opened fire from his 32nd-floor Mandalay Bay suite on the crowd at a Route 91 Harvest concert across the street a year ago. [Full Article...]

OSU cuts ties with Papa John’s Pizza

OSU cuts ties with Papa John’s Pizza Schnatter resigned as chairman and quit the University of Louisville board of trustees last week after publicly apologizing for using the N-word during a media training with a marketing agency . He also said during a radio interview with WHAS that he was "pushed" into using the word . The email urged staffers to not respond to inquiries from journalists about Papa John's and Laundry Service, a... [Full Article...]

Papa John’s CEO attempts damage control but not an apology

Papa John’s CEO attempts damage control but not an apology He also resigned from the U of L board of trustees, and the university made a decision to remove the company's name from what had been Papa John's Cardinal Stadium. We want to regain your trust, and we will work hard to earn it. 'I will personally be leading this effort because there is nothing more important for Papa John's right now, ' Ritchie writes. [Full Article...]

Brexit: May defeats rebel Customs Union amendment

Brexit: May defeats rebel Customs Union amendment May narrowly avoided a defeat in parliament at the hands of the pro-EU lawmakers from her own party in the vote. It appears the last minute carrot-and-stick double-team by Tory whips was just enough to pressure some rebels to back the government, although the climbdown, one of several by Tory Remainers over the past year, drew criticism from several quarters. [Full Article...]

Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine

Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine In his first tweet of the thread, Musk said he didn't meet Unsworth and that he "never saw this British expat guy who lives in Thailand ". "The submarine, I believe, was about 5ft 6in long, rigid, so it wouldn't have gone around corners or round any obstacles ". [Full Article...]

Netflix's share price slumps 14 per cent after disappointing second quarter

Over the previous eight quarters, the company has on average topped its total net subscriber addition guidance by about 1 million, with three-quarters of that coming from global markets, according to Wedbush Securities analyst Michael Pachter. [Full Article...]

Amazon Prime Day 2018: How to Prepare Yourself for Amazon's Best Sale

Amazon Prime Day 2018: How to Prepare Yourself for Amazon's Best Sale This year again, Amazon is coming up with its Prime Day sale again, starting July 16 and ending on July 7 midnight. Subscribers of Amazon Prime are eligible for free two-day shipping on most purchases. Amazon Prime Day, arguably the biggest sale of summer, is nearly here! It's a 36-hour sale, and will be exclusively available to Amazon Prime members. [Full Article...]

Amazon Prime Day vs Black Friday price comparison

Amazon Prime Day vs Black Friday price comparison Prime is Amazon's annual subscription service priced at Rs 999 per year. If in case you want to change your plan from monthly to annual, or annual to monthly you can do so here. For example, customers can see a dress modelled in 3-dimension, open a microwave placed on the kitchen countertop to look inside, and more. Alexa will also help Amazon Prime users earn discounts this Amazon Prime Day . [Full Article...]

Billionaire Elon Musk calls Thai rescuer a 'pedo'

Billionaire Elon Musk calls Thai rescuer a 'pedo' The insult came after Unsworth criticized the "kid-sized sub" that the CEO of Tesla , SpaceX , and The Boring Company delivered to Thailand as being a " PR stunt ". "It wouldn't have made the first 50 metres into the cave from the dive start point". And Unsworth should know - he was instrumental in the boys' rescue, convincing Thai authorities to call on a team of English divers who knew t... [Full Article...]

US lifts ban on suppliers selling to China’s ZTE

US lifts ban on suppliers selling to China’s ZTE ZTE will be able to resume activity in full when the export ban is lifted, but, according to Bloomberg , the company is facing around $3 billion in losses from the moratorium it has been subjected to, which saw them lose access to the chips and other components the company needed in order to continue manufacturing networking gear and smartphones. [Full Article...]

Tesla Employees Describe Unsafe Working Conditions

Tesla Employees Describe Unsafe Working Conditions His SEC law suit sees him claiming that Tesla knowingly installed defective batteries and tampered with production numbers. Giant carmaker Tesla has announced that they are building a "Gigafactory 3" in China, a "bold" move that will allow them to produce some 500,000 vehicles per year for Chinese customers. [Full Article...]

Justice Department to Appeal AT&T/Time Warner Decision

Justice Department to Appeal AT&T/Time Warner Decision DOJ's willingness to appeal, however, indicates a confidence in their case and may lead to much more definitive and precedent-setting ruling in the D.C. AT&T announced the deal in October 2016, but the US government sued to block the merger in November 2017, saying one company having so much power over both how Americans get their entertainment (AT&T provides broadband as well as owns satell... [Full Article...]

Prime Day 2018: Amazon prepares for huge volume of orders

Prime Day 2018: Amazon prepares for huge volume of orders In previous years Amazon has also given its Prime members exclusive deals on speakers, headphones, vinyl, record players and more . Amazon Prime yearly subscription is now $119, with benefits including free and faster delivery times, access to Amazon's streaming services, and Prime-specific discounts. [Full Article...]


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