Markets

Tehran’s nuclear program, strong United States data lift crude oil price

Tehran’s nuclear program, strong United States data lift crude oil price Benchmark Brent crude was trading at around $64 dollars a barrel in London on Monday. On the other side of the world, OPEC and its allies agreed last week to extend production cuts for a further nine months to help support prices against a weakening global demand, calling for participating countries to cut output by around 1.2 million barrels per day. [Full Article...]

Instagram planning to combat online bullying with two new features

Instagram planning to combat online bullying with two new features Instagram has announced two new tools with which it aims to combat online bullying - one to prevent bullying , and the other that empowers the targets of bullying. Facebook adopted a suite of antibullying features on its platform in October, allowing users to delete and hide comments on posts en masse. Instagram said often people don't block, unfollow, or report their bullies, because "... [Full Article...]

Chick-Fil-A offers free entrees if you dress as a cow

Chick-Fil-A offers free entrees if you dress as a cow Chick-fil-A is offering a free entree, which includes chicken biscuits, chicken sandwiches, chicken nuggets, and more, to those supporting the celebration . (Health nuts beware: Salads are not available as the free entrée.) Kids dressed up as cows get a free breakfast entrée or a free kids meal, depending on the time of day. [Full Article...]

Australia's central bank chief says ready to cut rates again if needed

Australia's central bank chief says ready to cut rates again if needed The Reserve Bank has cut interest rates to an historic low of 1 per cent, as it stares down the twin issues of rising unemployment and a slowing economy. Governor Philip Lowe said on Tuesday, the decision was made to stimulate economic growth and "provide greater confidence that inflation will be consistent with the medium-term target". [Full Article...]

OPEC backs 9-month extension for production cuts

OPEC backs 9-month extension for production cuts Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna. "The important thing to me is that OPEC remains OPEC ". The soaring production levels of shale oil in the United States and the weak outlook with regards to the entire industry as a whole, has forced the OPE... [Full Article...]

Trump relents on Huawei in China truce, reviving stalled talks

Trump relents on Huawei in China truce, reviving stalled talks The dispute, which includes a feud over Huawei Technologies Co had also fanned fears it could threaten global growth. There were no immediate details about the leaders' discussions, including whether they raised the thorny subject of Chinese telecoms firm Huawei. [Full Article...]

Newark International Airport reopens after grounding flights for an hour

Newark International Airport reopens after grounding flights for an hour Inflatable slides were used to deplane passengers on the runway. Without specifying the nature of the emergency, Newark Liberty International Airport said bit.ly/2KLrwB9 on Twitter that it had reopened and passengers should expect delays . [Full Article...]

Wall St holds on to gains ahead of G20 summit

Wall St holds on to gains ahead of G20 summit NEW YORK, June 28 (Reuters) - Wall Street advanced on Friday, with the S&P 500 and the Dow on track for their best June in generations, ahead of the much-anticipated trade talks between U.S. VIX, commonly known as the "fear index", declined 1.6% to 15.95 on a scale of 1-100 where 20-25 represents the historic average. Boeing fell 2.9% after the Federal Aviation Administration said on Wednesday... [Full Article...]

PM Modi arrives at Osaka, Japan

PM Modi arrives at Osaka, Japan The meeting also takes place amid what some have called a digital cold war between the U.S. and China . The sides are at an impasse after 11 rounds of talks that have failed to overcome US concerns over China's acquisition of American technology and its massive trade surplus. [Full Article...]

Fed pushes back on aggressive US rate cut views

Fed pushes back on aggressive US rate cut views St. Louis Federal Reserve Bank President James Bullard on Tuesday said he does not think the USA economic situation is dire enough to warrant cutting rates by a half-percentage point at its next meeting in July, even though he pushed to lower rates last week. [Full Article...]

China says FedEx should offer a proper explanation on Huawei

China says FedEx should offer a proper explanation on Huawei Now, the company said in a public statement that it "is a transportation company, not a law enforcement agency". In the lawsuit filed in the US District Court in the District of Columbia, FedEx claimed that department's latest measures to restrict the business activities of US companies with Huawei "place an unreasonable burden on FedEx to police the millions of shipments that transit our n... [Full Article...]

India to Lose Outspoken Central Banker as Acharya Resigns

India to Lose Outspoken Central Banker as Acharya Resigns According to RBI, Acharya is looking to stay on his post till 23rd July and his resignation is now under consideration of "competent authority". The final report of the committee set up by jointly by the RBI and the government to examine the RBI's Economic Capital Framework (ECF) is expected this week, while official sources in New Delhi said there is lack of consensus in the ECF panel over the ... [Full Article...]

Congress Representative Wants Facebook to Put a Hold on Cryptocurrency Plans

Congress Representative Wants Facebook to Put a Hold on Cryptocurrency Plans The announcement of a new currency led by Facebook has caught the attention of U.S. law-makers and not in a good way. Representative Maxine Waters , chairwoman of the US House Financial Services Committee, called for Facebook executives to testify before Congress and asked the company to halt development of Libra . [Full Article...]

Apple Mulls Manufacturing Shift From China

Apple Mulls Manufacturing Shift From China In a testimony earlier this week, the U.S. Semiconductor Industry Association (SIA) expressed its deep concern with the proposed tariffs, saying that the economic consequences for the U.S. The Taiwanese contract manufacturer makes most of the smartphones in China and is that nation's largest private employer. A deadline has not been set for the suppliers to finalise their business proposals, Ni... [Full Article...]

Facebook's Libra cryptocurrency is official, Calibra wallet app coming 2020

Facebook's Libra cryptocurrency is official, Calibra wallet app coming 2020 Here's a guide to help you understand it. The unveiling of Facebook's Libra cryptocurrency was immediately met with political opposition in Europe. In addition to competition and privacy concerns, regulators will also be concerned about Facebook's wish to enable its cryptociurrency to be converted into other currencies, raising the prospect of increased money laundering. [Full Article...]

King Arthur Issues Flour Recall Over Possible E. Coli Contamination

King Arthur Issues Flour Recall Over Possible E. Coli Contamination Though none of the cases reported so far have been traced back to King Arthur flour, the product is being taken off the market as a precaution. Flour sold directly through King Arthur's catalog, website and retail store in Norwich is not included in the recall. [Full Article...]

Target stores experiencing nationwide outage

Target stores experiencing nationwide outage Several shoppers in the store said they didn't know Target was having problems with the registers. FOX 8 will provide more updates as they become available. A store clerk in Chicago told 7 Action News, cashiers are now working to service customers manually. Hunter Sowards, a reporter for the Texas news channel KTRE, tweeted that Target employees were handing out chips, and the Starbucks employee... [Full Article...]

Facebook offers to pay if you'll let it study your online habits

Facebook offers to pay if you'll let it study your online habits The app, launched Tuesday, keeps track of other apps installed on someone's phone , of how much time someone spends on those apps, the person's location, and other data that could give the tech giant a peek at what features you're using. The company's product manager, Sagee Ben-Zedeff, assured users that Facebook won't sell any of the data to third parties, or use it for ad targeting. [Full Article...]

Raytheon and United Technologies to create a defense giant

Raytheon and United Technologies to create a defense giant Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Both companies' shares stand to benefit because of the potential synergies, which could free up capital that may be deployed, Jefferies wrote in a note. [Full Article...]

Build-A-Bear hosting 'Pay Your Age' day in June

Build-A-Bear hosting 'Pay Your Age' day in June Instead, only a select number of children holding Pay Your Age "winner" tickets will get a furry friend. It was so popular some stores were forced to close due to safety concerns. You have until June 16 to enter. Now, rather than simply showing up on a given day and waiting in a massive line, Build-A-Bear has a three-step process for a chance to pay your age for one of the stuffed bears. [Full Article...]


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