Finance

RBI increases repo rate by 25 bps to 6.50%, reverse repo unchanged

Dheeraj Singh, Head of Investments & Fund Manager - Fixed Income, Taurus Mutual Fund: "The decision to hike rates has, quite clearly, been driven by the persist...


Apple hits record market capitalisation of $1 trillion

Not to mention it wasn't a wholly public company. Apple - the biggest public company in the world - had 4,829,926,000 shares outstanding as of July 20, which ...


Hot, Dusty and on Fire: Portugal's Heatwave Breaks Records

Heat warnings have been issued for 41 of Spain's 50 provinces as temperatures are expected to reach up to 45C. Past year 114 people were killed in two mas...


Trump proposes raising tariffs to 25% on $200 billion of Chinese imports

The Chinese "are not in good economic shape". China's foreign minister said Thursday that US threats to hike tariffs run against the trend toward globalizatio...


Detained U.S. pastor 'needs to come home,' Pompeo warns Turkey

Speaking to Turkish journalists after his meeting with Pompeo, Cavusoglu also described their discussion as "extremely constructive" and said the two would co...


China says it will retaliate with tariffs on $60B of USA goods

President Donald Trump this week ordered officials to consider imposing a 25 per cent tax on US$200 billion worth of imported Chinese goods, up from an init...


How the Bank of England’s interest rate rise affects you

While savers may be hoping for better returns, Bank of England statistics show that the average interest rate on United Kingdom current accounts increased b...


Apple just became the first $1 trillion public company

Steve Jobs and a few other people created Apple 42 years ago in Cupertino, California. Growth is coming from different sources, too, notably iPhone price in...


Tesla flags promise of profit as Model 3 production steadies

Shares of Tesla have risen 11% to $$332.99 in after-hours trading. Tesla said it continued to produce 5,000 Model 3 cars per week in July (a figure it h...


Turkey vows retaliation against USA sanctions without delay

It put in a low of 5.0157 per dollar about 30 minutes prior. White House spokeswoman Sarah Huckabee Sanders says the Trump administration would sanction Turk...


Overwhelming majority of Republicans support Trump's emergency aid for farmers

On Thursday, he took another victory lap during a speech to steel workers in IL. They specifically agreed to increase USA exports of liquified natural gas, ...


Apple Forecast Tops Analysts' Estimates on New IPhones, Services

Despite the beat, James Cordwell, an analyst from Atlantic Equities, said the high selling prices might cause investors some concern because "there's a limit to...


Facebook's US$119 billion one-day loss makes USA history

The lawsuit was filed by a shareholder of the social networking giant. The loss is the biggest one-day wipeout of individual wealth ever recorded on the ranki...


Amazon's growth is leaving the shop behind

BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant's stock valued at $28,693,927,000 after buying an additional 88,437 shares during the period. ...


For Big Mac's 50th anniversary, McDonald's is giving away free burgers

In 1986, The Economist started using the Big Mac Index as a way of measuring the purchasing power of global currency. Though McDonald's has suffered los...


Tesla’s Latest Product Is A Surfboard

The billionaire this weekend unveiled limited edition Tesla surfboards that sold out soon after they were announced . At $1,500 apiece before taxes, only...


Facebook sees biggest stock market value drop in history as growth slows

Now we have real-life advertising from Facebook saying it's concerned, and looking after our privacy. Facebook Inc (FB.O) and its chief executive Mark ...


Wall St rises as Trump touts EU trade concessions

The ecommerce-giant Amazon reported earnings Thursday evening. The S&P 500 was up 25.67 points, or 0.91 per cent, to 2,846.07, Xinhua news agency reported. ...


President Trump Delivers a Stronger Economy as Promised

Few economists outside the administration agree with this claim. Jason Furman , who served as chairman of the Council of Economic Advisers under Obama, wrot...


White House to showcase USA products as trade battles loom

The leaders pledged to expand European imports of US liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos. Trump has...


Trump's re-election banners could get hit by his own China tariffs

Fourthly, we agreed today to join forces to protect American and European companies better from unfair global trade practices. United States import tariff...


Facebook plans innovation hub in China despite tightening censorship

The social media giant said the office in China would be the same as hubs it has set up elsewhere, such as in France, Brazil, India and South Korea. According t...


Twitter Stock Drops More than 18% in Morning Trading

Segal said the efforts to improve accounts along with other factors had a negative hit to monthly active users of 3 million in the quarter, which compares with ...


Facebook's US$119 billion one-day loss makes United States history

Previously, since the announcement of the Cambridge Analytica debacle earlier this year, Facebook's stock price had fallen, but had since more than reco...


Australian Gov Officials Reportedly Believe Trump is Prepared to Strike Iran

Trump's tweet was in turn a reaction to Iranian President Hassan Rouhani's remarks in which he reminded Washington that peace with Iran will be the mother of ...


Trump plans a 25-percent tariff on all auto imports

On Tuesday, Trump suggested in a tweet that "both the US and the European Union drop all Tariffs, Barriers and Subsidies!" As the tit-for-tat continued,...


Farmers have mixed reactions to Trump's farm aid

President Trump has blamed trade deals cut by previous administrations for falling soybean prices and pledged to make sure farmers return to their former glo...


Jackpot for tonight’s Mega Millions drawing reaches $433 million

The $433 million jackpot is the third-largest Mega Millions jackpot this year. Tuesday's jackpot ranks as the fifth-largest in Mega Millions history. The larg...


Google profits hit by antitrust fine, but sales soar

Advertising was still the main source of revenue, pulling in $28 billion in the second quarter, which was a 24 percent rise from the year-ago period. Shares r...


Nebraska senators react to $12B plan to assist farmers affected by tariffs

A crisis of falling prices caused by retaliatory tariffs on American agricultural products prompted the Trump Administration Tuesday to make a $ 12 billion aid...


Trump tweets tariffs ‘are the greatest’ and threatens additional levies

Perdue and other USDA officials say the aid will be available in three forms; direct payment to producers of soybeans, sorghum, wheat, cotton, dairy and hogs; g...


G-20 calls for more dialogue on rising trade tensions

The dollar index has risen 2.4% so far this year, led largely by Fed rate rises, strong macroeconomic data and nervousness about a full-blown tariff war. The R...


Trump Sends Rouhani Dire Warning, All Caps

Tehran is already aware of what is coming from the administration as consequences of Trump's May withdrawal from the 2015 nuclear accord take shape. Mr Rouh...


Tesla seeking cash from suppliers

While it's not clear which suppliers Tesla asked for cash back, or how much, the Wall Street Journal said the amount was "meaningful". "Now that we're in a ...


Ritz Bits, Sandwich Crackers Recalled Over Possible Salmonella Contamination

Mondelēz Global LLC, the maker of Ritz Products, voluntarily announced the recall Saturday. Cheese and pizza flavored "Ritz bits" sandwiches are included in...


Microsoft Q4 strong as commercial cloud revenue hits $6.9 billion

Microsoft also said that its overall fiscal fourth quarter jumped 17% year-over-year to $30.1 billion, beating analyst projections of $29.2 billion. 'Our early...


Amazon Prime Day sets new record

Prime Day is Amazon's annual sales extravaganza. Like any other holiday, Amazon Prime Day brings with it stressors (as well as delights). Amazon Indi...


President Trump Eyes an Additional $500B Worth of Tariffs on Chinese Goods

Trump told CNBC , "I'm ready to go to 500 ", referring to the $505.5 billion in goods the US imports from China each year. "We're down a tremendous amount"...


Watch Theresa May slammed by Tory MP: ‘When did Brexit mean Remain?’

But Mrs May insisted the amendments do not change the blueprint agreed at her country residence. As the post-Brexit trade blueprint would see the United Kingd...


Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed

The president acknowledged that his comments about the Fed would likely raise concerns. The Fed has raised interest rates twice already this year. "But at t...