Business

Business Amazon Could Spend $3 Billion on ‘Go’ Stores, Analyst Says
Author: 0 Amazon Could Spend $3 Billion on ‘Go’ Stores, Analyst Says

The company unveiled its first cashierless store near its headquarters in Seattle in 2016 and has since announced two additional sites in Seattle and one in Chicago. Online retail behemoth Amazon is planning a big move that may affect millions of Americans, and chip away at one of the biggest forms of employment in the nation.

Business Trump extends Chinese trade war tariffs
Author: 0 Trump extends Chinese trade war tariffs

Trump doubled down on that threat Tuesday, vowing punitive measures against China if it targets politically potent USA agricultural products for retaliation. While Chinese manufacturing greatly depends on US technology, China is pulling ahead in some areas, including electric cars and artificial intelligence.

Business US Tariffs Now Include Wireless Routers, China Responds
Author: 0 US Tariffs Now Include Wireless Routers, China Responds

Still, American consumers could start feeling the cost of the tariffs for everyday goods, as the latest move brings all Chinese imports subject to a new tariff to $250 billion, roughly half of China's shipments to the U.S. "These new retaliatory tariffs run afoul of the carefully tailored provisions of the Trade Act of 1974, which require any action to be within the scope of the Section 301 investigation", Shapiro said in a statement .

Business Coca-Cola considers cannabis-infused drinks
Author: 0 Coca-Cola considers cannabis-infused drinks

If true, the talks could represent the most significant deal in the history of the cannabis industry. "Entry into a legalized Canadian market allows them to develop and build a brand while not breaking any laws". The company last month said it would acquire the Costa Coffee chain for $5.1 billion . The drinks would not include THC, or tetrahydrocannabinol, the chemical that produces a high.

Business Oil mixed as China tariff talk scotches early rally
Author: 0 Oil mixed as China tariff talk scotches early rally

It arrived at the ship-to-ship transfer area off Dubai on August 7 and has been anchored there since. U.S. light crude oil prices fell by more than a $1 down to $69.22 a barrel. Exports fell 280,000 bpd reaching to 1.9 million bpd from a peak of 2.5 million bpd in May. US production jumped in recent years because of techniques including hydraulic fracturing, or "fracking", which is the use of chemicals, sand, water and high pressure to crack rock formations deep below ground, releasing ...

Business Amazon CEO says ‘HQ2’ decision will be announced before end of year
Author: 0 Amazon CEO says ‘HQ2’ decision will be announced before end of year

The announcement by Bezos, who is now the world's richest person, marks a deeper foray into philanthropy for the e-commerce pioneer, the report noted. The announcement is the latest charitable donation from Bezos, after the Amazon co-founder has seen his net worth balloon to a staggering $150 billion in 2018.

Business Canadian pot users could get flagged at U.S. border
Author: 0 Canadian pot users could get flagged at U.S. border

Canada's marijuana industry has seen valuations balloon in recent months. They could declare users inadmissible - perhaps for life. "If you are thinking about investing in a marijuana-related company, you should beware of the risks of investment fraud and market manipulation ", the SEC said.

Business Hong Kong raises typhoon alert as Mangkhut approaches
Author: 0 Hong Kong raises typhoon alert as Mangkhut approaches

Rain and strong winds lashed Hong Kong Sunday morning as the storm approached. All high-speed and some normal rail services in Guangdong and Hainan provinces were also halted, the China Railway Guangzhou Group Co. Provincial authorities said they evacuated a total of 2.37 million people and ordered tens of thousands of fishing boats back to port before the arrival of what Chinese media has dubbed the " King of Storms ".

Business Turkey's Central Bank Defies Erdogan With Drastic Interest Rate Hike
Author: 0 Turkey's Central Bank Defies Erdogan With Drastic Interest Rate Hike

The decision came after Turkey's central bank increased interest rates in efforts to stop the declining value of the lira . "Turkey is a country that has a net foreign debt of over $400 billion, and where 40 percent of [Turkish] deposits are in foreign currency, so the game could be over in a day".

Business Top White House Economist Says Trump's GDP Claim Was Wrong
Author: 0 Top White House Economist Says Trump's GDP Claim Was Wrong

At a White House briefing, the chairman of the Council of Economic Advisers set the record straight on a tweet Trump posted earlier , where the president said "The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!" Following last Friday's blockbuster August jobs report, and with nail-biting midterm elections less than 60 days away, the 44th and 45th presidents crossed swords, with Mr Trump continuing to counterpunch through the weekend ...

Business Cryptocurrencies continue to tumble on Goldman reports
Author: 0 Cryptocurrencies continue to tumble on Goldman reports

However, even during the downward trend, bitcoin manages to hold the upper hand over other competing cryptocurrencies in the market that are also suffering the dip of the total market cap. Several small United States firms reshaped their business models to capitalize on the craze for blockchain technology, which supports cryptocurrency .

Business Trump ready to set tariffs on all goods from China
Author: 0 Trump ready to set tariffs on all goods from China

The US has imposed $50 billion worth of tariffs on Chinese goods with another $200 billion in the final stages. He said Friday that tariffs on another US$200 billion in Chinese goods are "in the hopper" and "could take place very soon". Apple, like other tech giants, has benefited from the last year's overhaul to the US tax code, and the company has committed to returning much of the $252 billion in cash it held overseas.

Business Barack Obama returns to politics with Donald Trump take-down
Author: 0 Barack Obama returns to politics with Donald Trump take-down

Speaking in North Dakota, Trump didn't have a substantial rebuttal to Obama's speech-only juvenile insults . Obama warned, however, not to exclusively blame Trump for the rise of the far right and white nationalism, saying that Trump was a "symptom, not the cause" of the nation's divisive politics.

Business Trump Team, Canada Officials Resume Talks to Revamp NAFTA
Author: 0 Trump Team, Canada Officials Resume Talks to Revamp NAFTA

The trade talks came after U.S. President Donald Trump said on Saturday that there is " no political necessity " to keep Canada in the new NAFTA deal. Sources familiar with Canada's bargaining position insist Ottawa's push to maintain the cultural exemption has remained unresolved between the two neighbours.

Business Oil dips on emerging market turbulence, but looming Iran sanctions support
Author: 0 Oil dips on emerging market turbulence, but looming Iran sanctions support

On Friday, global oil bench mark Brent crude fell 35 cents to settle at $77.42 per barrel, while NYMEX-traded USA benchmark West Texas Intermediate ( WTI ) was down 45 cents for the day to settle at $69.80 per barrel. Given that China and emerging markets more broadly are key demand growth areas for oil markets, analysts said crude prices had come under downward pressure.

Business Amazon joins $1 trillion club, on pace to overtake Apple
Author: 0 Amazon joins $1 trillion club, on pace to overtake Apple

The company's stock gained 2 percent on Tuesday, hitting $2,050.27 per share. As soon as one company has reached that $1 trillion mark, you know it won't be long until another follows in suit - only weeks after it happened for Apple , Amazon has joined the ranks in the "trillion-dollar club".

Business Beyer Rips Trump's Federal Pay Freeze
Author: 0 Beyer Rips Trump's Federal Pay Freeze

Accordingly, I have determined that it is appropriate to exercise my authority to set alternative across-the-board and locality pay adjustments for 2019 pursuant to 5 U.S.C. Also that month, Trump signed three executive orders that made it easier to fire civilian employees and put new limits on union activity. A judge struck down most of those provisions last week.

Business Trump Organization Finance Chief Gets Immunity
Author: 0 Trump Organization Finance Chief Gets Immunity

In an interview with Al Jazeera, Bruce Fein, a former top USA prosecutor, described the reports as significant amid questions over the culpability of Trump's business in the payoff scheme, which Cohen had pleaded guilty to. His plea deal described how Cohen had submitted false invoices to the Trump organization as a way of being reimbursed for hush payments Cohen made to women who had alleged affairs with Trump .

Business After slowing firefighters' internet, Verizon nixes caps for first responders
Author: 0 After slowing firefighters' internet, Verizon nixes caps for first responders

Because the Santa Clara County Fire Department covers seven cities and a large portion of the Santa Cruz mountains, it now buys service from both Verizon and AT&T to increase redundancy in coverage areas. 'Dated or stale information regarding the availability or need for resources can slow response times and render them far less effective. Leaders with the Montana Department of Natural Resources and Conservation, which fights fires on millions of acres across the state, confirmed they ...

Business Fed chairman defends rate rise policy after attack by Trump
Author: 0 Fed chairman defends rate rise policy after attack by Trump

Powell also admitted the economy has changed, making it "difficult to detect and measure in real time", which is why a "diversity of views" at the Fed is crucial for establishing policies. Although Trump appointed Powell, he criticised the Fed chairman for not doing enough to support trade negotiations around the world by setting monetary policy to support the United States economy.

Business All the President's Men Are Flipping on Donald Trump
Author: 0 All the President's Men Are Flipping on Donald Trump

Later in the week, federal prosecutors probing Cohen granted immunity to Trump Organisation CFO Allen Weisselberg , and American Media Inc. Mr Weisselberg is reportedly mentioned on a tape secretly recorded by Cohen in 2016 in which a hush money payment to an alleged lover of Mr Trump is discussed.

Business Trump Organization finance chief 'gets immunity' in Cohen probe
Author: 0 Trump Organization finance chief 'gets immunity' in Cohen probe

Weisselberg, 70, began working for the Trump Organization as an accountant in the 1970s, when President Donald Trump's father Fred ran the company. The revelation of Weisselberg's cooperation in the Cohen probe marks the latest member of Trump's inner circle to secure immunity in exchange for information about the longtime fixer for the president.