Money

by | July 28, 2018 | 15:00

Twitter's market value plunged by $US6 billion after it reported a decline in its monthly users over the second quarter of 2018. Twitter's stock, which had been up over 70% this year, was overheated. Twitter's user numbers overshadowed the company's impressive earnings . Business Insider reports that Twitter beat revenue estimates but many other reported figures met analyst predictions.

by | July 28, 2018 | 14:19

Both sides appear hesitant to arrange a summit similar to last week's in Helsinki . Both Trump and Putin have said they are determined to improve relations. He later said he had misspoken at the summit. "I am ready to go to Washington". Trump denies there was any collusion. But shouldn't some presidential meetings remain private? Since Helsinki, Trump has tried to walk back at least some of his comments.

by | July 28, 2018 | 14:04

He also said, "we're starting the negotiation right now, but we know very much where it's going". On Tuesday, Mr. Trump suggested that both the US and European Union drop their existing tariffs and trade barriers on each other. This is a temporary measure, hopefully to show China and other countries they can not bully the U.S.to caving in on unfair trade practices ". The negotiations at the White House came as Trump has provoked a series of trade disputes with global trading partners, ...

by | July 28, 2018 | 11:45

Trade wars should be rejected because there will be "no winner" from them, Chinese President Xi Jinping said . A day earlier at the summit, Xi said the world faces "a choice between cooperation and confrontation" amid the trade dispute with the United States in which he warned there would be no victor.

by | July 28, 2018 | 11:33

Trump said Europe agreed to increase purchases of United States liquefied natural gas and lower trade barriers to American soybeans, aiding U.S. farmers and the energy sector. In addition, the US runs a trade deficit with the EU , which means Americans buy more stuff from the Europeans than vice versa. "We are starting the negotiation right now, but we know where it is going".

by | July 28, 2018 | 10:12

But shares slumped seven percent in after-hours exchanges after hitting record levels in official trading, with the quarterly report largely weaker than had been expected. "Despite facing important challenges, our community and business are off to a strong start in 2018", said Mark Zuckerberg , Facebook's founder and CEO.

by | July 28, 2018 | 10:09

The average annual growth rate has been 2.8% over the past four quarters and is now on track for 3.1% growth in 2018 - a level that has been met with criticism by some economists. Back then, the US economy was in its eighth year of expansion after the Great Recession and running up against the inevitable constraints of the business cycle, near full employment and an aging population.

by | July 27, 2018 | 14:31

The vessel apparently belongs to the Saudi shipping group Bahri, which reported on Wednesday that one of its VLCC (Very Large Crude Carrier) tankers had been damaged in the Red Sea . So far in 2018, the Houthis have threatened to increase their attacks on Saudi or Arab Alliance owned vessels. Saudi Arabia has halted oil shipments through the Red Sea after an attack from Yemen rebels on two giant crude tankers.

by | July 27, 2018 | 13:54

Trump said . We have come to a very strong understanding and are all believers in no tariffs, no barriers and no subsidies. The Trump administration says farmers caught in the middle of trade policies could soon see financial relief but some Wisconsin farmers worry if it will solve the problem.

by | July 27, 2018 | 10:39

The $15.8 billion in net worth that Zuckerberg stands to lose in the move is equal to the wealth of the world's 81st-richest person, now Japanese businessman Takemitsu Takizaki, according to Forbes real time data. Facebook said 2.5 billion people were using any of its family of apps each month, including Instagram and WhatsApp . The British research company scraped the personal information from tens of millions of Facebook users for political purposes.

by | July 27, 2018 | 10:31

President Donald Trump on Thursday demanded Turkey free an American pastor detained since 2016, warning the United States was ready to impose "large sanctions" against its North Atlantic Treaty Organisation ally. "On the other hand, I know that behind the scenes there are some very important things happening from a number of different directions and I'm hoping the government of Turkey understands that this is not a sore that they should allow to fester if they want to have a decent ...

by | July 27, 2018 | 10:02

Outgoing Mexican President Enrique Peña Nieto, who remains in office until December 1, has stated that his team in NAFTA negotiations would work together with Lopez Obrador's. If the wage floor was enacted immediately, the Canadian official said, four major Mexican auto plants would immediately go out of business. The United States has imposed a 30-per-cent safeguard tariff on imports of solar panels from all countries, including Canada, officials said.

by | July 27, 2018 | 09:56

Officer Carlson explained that Phil wanted to shave his beard because if he showed up freshly shaven, McDonald's was reportedly going to offer him a job. 'I saw [a man], who turned out to be Phil, out front trying to shave, having some trouble with his razor, ' Carlson said. The man, though, was having a hard time with the razor working and he did not have a mirror.

by | July 26, 2018 | 10:25

The names of the MA winners weren't immediately available. Earlier this year, two other Mega Millions winners made history, with a $451 million jackpot awarded in January and a $533 million jackpot awarded in April. If you want your chance to be the valley's newest millionaire, get your ticket before the drawing tonight. The odds of winning the Mega Millions jackpot are approximately 1 in 258.9 million.

by | July 26, 2018 | 09:40

If the United States carries out its threats against Iran, it will "practically expose the interests of itself and its followers in every corner of the world to the power of the Islamic Revolution's friends", the general added. This, after Rouhani said the United States is twisting the lion's tail by making efforts to bloc Iran's oil exports. "The remarks made by the President in his recent trip to Europe stating that, 'if Iran's oil export is blocked, no other country is region can ...

by | July 26, 2018 | 06:01

Trump said they both agreed they would work towards zero tariffs, barriers and zero subsidies on non-auto industrial goods. After a White House meeting on Wednesday, Trump and Juncker said they agreed to hold sweeping trade talks on reducing tariff, subsidy and non-tariff barrier reductions, with Trump appearing to give ground on his threat to impose a 25 percent tariff on imported cars and auto parts.

by | July 26, 2018 | 05:31

You will see during the summit that the likes of President Xi and Prime Minister Modi run real powerhouses, not Putin. South African President Cyril Ramaphosa called for thorough discussions at the summit on the role of trade in promoting sustainable development and inclusive growth.

by | July 26, 2018 | 04:01

That's the conclusion of European Union antitrust regulators who have slapped technology company Philips with a €29.8m (£25.5m) fine for restricting sales of its products online and raising prices. "The conduct of Asus related to two Member States (Germany and France) and took place between 2011 and 2014", the Commission said. Asus got the heaviest at over €63.5 million, while Denon & Marantz was hit with just above €7.7 million.

by | July 26, 2018 | 03:54

The company had warned investors to expect a surge in costs due to efforts needed to address concerns about Facebook's inadequate handling of users' privacy. The company's net income for the quarter was $5.1 billion, compared to $3.89 billion in Q2 of 2017. In terms of revenue, the tech giant earned $13.23 billion but missed Thomson Reuters' estimates of $13.36 billion.

by | July 26, 2018 | 03:42

In Marchionne's final full year FCA earnings call in January 2018, Morgan Stanley analyst Adam Jonas stated: "We hadn't seen anything like you". The Italian-Canadian executive took the reins at Fiat in 2004. He later consolidated his reputation as a turnaround specialist at SGS SA, a Geneva-based product-testing company at the time controlled by the Agnelli family.