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China's refined products exports last month were 4.57 million tonnes, almost flat from a year earlier. They followed the first round of tariffs in March 2018 on imports of Chinese steel and aluminium, which prompted a like-for-like tariff on the US.
  • Virginia's Annual Sales Tax Holiday Weekend is August 3-5

    Virginia's Annual Sales Tax Holiday Weekend is August 3-5

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    Heads up, back-to-school shoppers, the 2018 tax-free weekend is coming up fast. Shoppers won't have to pay sales taxes on clothing , computers and school supplies Wednesday through Sunday. Qualifying items in Oklahoma include clothing and shoes under $100. And if you aren't heading back to school and just want to do some personal shopping, that's OK, too.
  • Apple is the first $1 trillion company in history

    Apple is the first $1 trillion company in history

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    This meant that Apple shares had to reach $207.04 per share before breaking $1 trillion. With a market cap of $1 trillion, Apple has a value greater than the gross domestic product of most countries in the world, including Turkey, Switzerland, Saudi Arabia and Taiwan.
  • Facebook's Day Of Reckoning: Blip Or Sign Of Broader Turn?

    Facebook's Day Of Reckoning: Blip Or Sign Of Broader Turn?

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    For numerous world's richest people, losing $16.8 billion in a day would be a wipeout. The stock value drop amounted to a $119-billion loss. "There are always going to be these one-day disasters". A decade ago, nearly no one could have imagined that Facebook would have more than 2 billion users, much less that its family of apps - Instagram , WhatsApp and Messenger - would also count members in the billions.
  • Trump tells European Union leaders he wants a ‘fair trade deal’

    Trump tells European Union leaders he wants a ‘fair trade deal’

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    The aid package does not require Congressional approval, but it could be another month before it kicks in. The assistance programs for farmers affected by tariffs will officially roll out in September. "The real resolution is getting to agreement and getting these trade issues solved". Iowa Congressman Steve King said in a statement: "I applaud the Administration for taking this needed action, and I am confident those involved are all working diligently to open China's markets".
  • Trump on Trade Critics: 'What Can They Be Thinking?'

    Trump on Trade Critics: 'What Can They Be Thinking?'

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    On Tuesday night, Trump issued a tweet proposing that both the US and the European Union drop all three as European Commission President Jean-Claude Juncker prepares to visit Washington for trade talks on Wednesday. Mr. Trump has suggested a zero-tariff deal to level the trade playing field and create what he calls a "fair and reciprocal" trading relationship.
  • OCU professor: In trade dispute, U.S. is on solid ground

    OCU professor: In trade dispute, U.S. is on solid ground

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    The EU Council President, Donald Tusk, appealed to China Monday in Beijing, and also to the United States and Russian Federation, to "avoid chaos, " just as Donald Trump's America has entered into a power struggle with his major trading partners.
  • May narrowly avoids Brexit defeat again as MPs reject EU customs union

    May narrowly avoids Brexit defeat again as MPs reject EU customs union

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    Government defeated an amendment from Tory backbench MPs, which would have kept United Kingdom in a customs union with the EU if it fails to agree a free trade deal. She told HuffPost UK: "Over my 29 years in Parliament, I have been censured many times by the CLP". On Monday night, MPs in Westminster voted in favour of a law designed to create an independent customs policy after Brexit.
  • Comcast is expected to raise its offer for Sky

    Comcast is expected to raise its offer for Sky

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    The speed with which Comcast's Brian Roberts returned with a higher offer was created to show how determined he is to buy the group which is present in 23 million homes across Europe. The British government is expected to finally allow Fox, which is run by Rupert's son James, to buy Sky this week, after the US group agreed to sell Sky's award-winning news channel to Disney to prevent Murdoch from owning too much of the British media.
  • Boris Johnson not dealing in reality over Brexit, says Micheál Martin

    Boris Johnson not dealing in reality over Brexit, says Micheál Martin

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    It comes as federal minister Christopher Pyne reassured the United Kingdom that Australia will have a good relationship with the country's new foreign secretary Jeremy Hunt following Boris Johnson's resignation. Johnson spoke for angry Conservative Brexit-backers in his resignation letter to May when he complained that voters weren't going to get the things he'd promised them when he campaigned to leave the EU.
  • First Thailand boys rescued two weeks after being trapped in cave

    First Thailand boys rescued two weeks after being trapped in cave

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    Two Britons, John Volanthen and Richard Stanton, are understood to have a leadership role and were among the divers who found the boys and their coach marooned on a bank inside the cave. "Narongsak Osatanakorn, the head of the joint command centre coordinating the rescue, said Sunday morning was the most opportune time to launch the operation, citing the ideal weather, water and the kids' readiness, physical and mental".
  • Micron says China ban unfair but won't hurt revenue

    Micron says China ban unfair but won't hurt revenue

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    Jinhua said Micron's "unbridled behaviour" had caused "irreparable damage" to the firm and it will keep monitoring any other products that used Micron's chips. Micron Technology is rebounding after saying its temporary ban in China will have a limited impact on revenue. "This is an opportunity for SK Hynix ( 000660.KS ) and Samsung ( 005930.KS ), because the banned products are not what the Chinese can make on their own".
  • LeBron James to join Los Angeles Lakers in $154m deal

    LeBron James to join Los Angeles Lakers in $154m deal

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    Ticket seller StubHub on Tuesday said visits to the Lakers ticket page were up 7,398 percent over the same date previous year even though next season's schedule has yet to be announced . As far as the answer to the latter question goes, the situation is slightly more complicated. What could make L.A.'s offseason even crazier? That would be a hefty price to pay, particularly as the Lakers would have to try and fill out their rosters around LeBron and Leonard.
  • Mystery Shopper Buys Out Toys R Us Store

    Mystery Shopper Buys Out Toys R Us Store

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    The company announced earlier this year that all stores would close and had been slashing prices leading up to the final closing. A picture of Geoffrey the Giraffe leaving Toys "R" Us is pulling on the heartstrings of former Toys "R" Us kids as the chain closes for good Friday.
  • Oil price fall to $75 pb on rising supply by US

    Oil price fall to $75 pb on rising supply by US

    Markets

    Washington and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from the nuclear deal. "Markets are braced for the most fractious conference as OPEC members look fundamentally divided", said Phillip Futures analyst Benjamin Lu. According to the ministry, Pradhan is scheduled to visit Vienna on June 20-21 to participate in the OPEC worldwide seminar and will ...
  • United States restrictions on Chinese investment next front in trade dispute

    United States restrictions on Chinese investment next front in trade dispute

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    Chinese investment has provided jobs and tax income for the U.S., and it should view commercial activities "objectively", Foreign Ministry spokesperson Geng Shuang told reporters in Beijing on Monday. Harley-Davidson shares fell nearly 6% after the firm said it would absorb the higher costs of new tariffs on motorcycles imposed by the European Union, adding millions to its expenses.
  • Trump addresses crime by undocumented immigrants

    Trump addresses crime by undocumented immigrants

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    One woman, Cindy Madrid from El Salvador, repeatedly dictated her US-resident sister's phone number to her six-year-old daughter before she crossed the border and the family was separated. Amid the enormous backlash he's facing for separating immigrant children from their families at the border, President Donald Trump held an event Thursday with parents whose children were killed by undocumented immigrants.
  • Majority of Turkish expats endorse Erdoğan’s presidency in election

    Majority of Turkish expats endorse Erdoğan’s presidency in election

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    Turkish state news agency Anadolu , the only media distributing election results , reported that the Mr Erdogan easily claimed 52.7 per cent of the vote with more than 96 per cent of the ballots counted. Addressing thousands of supporters in Ankara , he said: "We will fight even more with the strength you provided us with this election". A majority of 360 votes in parliament are required to take a constitutional change to referendum in the new executive presidential system.
  • South Korea's major crypto exchange suspends service in hacking attack

    South Korea's major crypto exchange suspends service in hacking attack

    Markets

    Once the exchange noticed the hack, they immediately shut down all deposits/withdrawals, and started moving all their assets to offline cold wallets. For comparison, Bithumb has lost only a small fraction of its entire reserve. Coinrail said Monday it would resume trading on July 15. It was the second consecutive hack in the past two weeks.
  • Trump threatens 20 percent tariffs on European Union cars

    Trump threatens 20 percent tariffs on European Union cars

    Markets

    Trump had directed the Commerce Deparment to launch an investigation into imported autos in May, similar to the procedure that led to the steel and aluminum tariffs. Thus, it's unclear what problem Trump's vehicle tariff is supposed to solve - unless the president believes that auto prices in the US are intolerably low.
  • Donald Trump threatens China with additional tariffs

    Donald Trump threatens China with additional tariffs

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    In Beijing , China's Commerce Ministry responded swiftly to Trump's latest threat, warning that if the usa imposed fresh tariffs , China would have to adopt " comprehensive measures combining quantity and quality to make a strong countermeasure".
  • Elon Musk launches investigation into sabotage at Tesla

    Elon Musk launches investigation into sabotage at Tesla

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    But there could be more to the disgruntled employee's actions: "There may be considerably more to this situation than meets the eye, so the investigation will continue in depth this week". In a tweet on Sunday, Musk warned that those betting against the company "have about three weeks before their short position explodes". A number above expectations could send shares soaring.
  • Audi CEO Rupert Stadler arrested over diesel emission cheating scandal

    Audi CEO Rupert Stadler arrested over diesel emission cheating scandal

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    Munich prosecutors told the state-owned broadcaster that they swooped on Stadler over fears he might try to suppress evidence in the ongoing Dieselgate investigation. VW has pleaded guilty to criminal charges in the United States. Volkswagen Group's woes are far from over as the emissions scandal gets uglier. Stadler has been with Volkswagen-Audi since 1994 and has held the top managerial spot at Audi since 2007, two years prior to the alleged emissions-cheating activities.
  • Average worker can't afford 2-bedroom apartment anywhere in USA, report says

    Average worker can't afford 2-bedroom apartment anywhere in USA, report says

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    A worker would need to have 1.6 full-time jobs at minimum wage to afford housing. All of those counties are located in five states where the minimum wage is higher than the federal. San Francisco tops the list for the cities with the most expensive housing wage. On average , workers still need to earn $17.90 an hour to afford a modest one-bedroom apartment.
  • Trump to approve tariffs on US$50 billion in Chinese goods

    Trump to approve tariffs on US$50 billion in Chinese goods

    Markets

    The deadline to release the list comes as Washington faces a dizzying array of parallel diplomatic horse trading, as Trump is increasingly dependent on Beijing to help advance efforts at North Korean denuclearization, while also using aggressive trade tactics on all major U.S.
  • Tesla lays off thousands of employees

    Tesla lays off thousands of employees

    Markets

    In a statement to the NLRB a year ago, it said: "At Tesla , we strive to be a fair and just company, the only kind worth being". Tesla ( NASDAQ:TSLA ) did say that the cuts would be primarily salaried positions in duplicate roles and that those affected would be offered jobs in its retail business.
  • Trade, tariffs center stage at G7

    Trade, tariffs center stage at G7

    Markets

    U.S. President Donald Trump's Twitter tirade against Prime Minister Justin Trudeau following the G7 is sparking promises of support from some of Trudeau's political rivals as well as calls for calm from foreign diplomats and experts. Trudeau on Saturday rejected a US demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact.
  • ZTE to pay $1B penalty in deal with US Commerce Department

    ZTE to pay $1B penalty in deal with US Commerce Department

    Markets

    Following the ban on selling USA -made hardware (and potentially software ) to ZTE earlier this year, it appears that the company may have reached a compromise with the us government, according to Reuters . components to the firm after finding it had lied multiple times and failed to take action against employees responsible for sanctions violations. U.S.
  • The future is here: Flying cars to be a reality soon

    The future is here: Flying cars to be a reality soon

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    The flight lasted for five minutes and Crane flew at 10 km/hr, approximately 10 feet over a water body. The Kitty Hawk Flyer , as of now, is a recreational vehicle, it can not replace a family auto any time soon. The 250-pound vehicle scrapes under the requirement for a pilot's license which is required for vehicles above 254 pounds. The zero-emissions Flyer is completely powered by electricity, and its propellers all operate independently, meaning that if there is a problem with one ...
  • John Goodman Had A Goofy First Meeting With 'Roseanne' Granddaughter Emma Kenney

    John Goodman Had A Goofy First Meeting With 'Roseanne' Granddaughter Emma Kenney

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    On the heels of Barr's racist tweet about former Obama adviser Valerie Jarrett , the star of the ABC series said she was quitting Twitter before ABC Entertainment president Channing Dungey chose to ax the sitcom . On feeling it wouldn't last long: "I was not surprised that what went down and that the show was canceled ". Arnold also questioned whether Trump was really ever a fan of his former wife or just wanted to take credit for her ratings' success.
  • Microsoft set to snap up GitHub in multi-billion dollar deal

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    Microsoft is reportedly buying the code-sharing site GitHub , a developer-focused startup that has become a crucial part of the programming industry since it was founded in 2008. It's also a social network of sorts for developers. "The future of software development is bright, and I'm thrilled to be joining forces with Microsoft to help make it a reality", Wanstrath said.
  • Vermont will pay remote workers $10,000 to move there

    Vermont will pay remote workers $10,000 to move there

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    University of Vermont associate professor of economics Art Woolf provided the Burlington Free Press with the current statistics for the median age of the state. For 2019, total grants can not exceed $125,000. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move. Its population overall is flat or slightly shrinking.
  • Gas prices rising as summer approaches

    Gas prices rising as summer approaches

    Markets

    Jackson added that she'd like to go SC for the holiday, but gas prices are so high she sometimes has to choose between activities. And if you're in California, you're seeing the worst of it - an average price of $3.72. At The Eastern Iowa Airport, Director Marty Lenss said fuel prices have not had any immediate effect on fares. It has already been a busy weekend in the Magnolia State as people hit the road to celebrate the holiday.
  • Trump to meet Abe before 'expected' Kim summit

    Trump to meet Abe before 'expected' Kim summit

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    Trump had said earlier Friday that the potentially historic summit might be getting back on track. Trump had earlier indicated the summit could be salvaged after welcoming a conciliatory statement from North Korea saying it remained open to talks.
  • More Armed School Staff, Counselors Discussed at First Texas Roundtable

    More Armed School Staff, Counselors Discussed at First Texas Roundtable

    Markets

    Students are set to return to classes on May 29. Still, it's no wonder that most Americans cite the lack of change since the murder of 20 children and six adults at Sandy Hook Elementary School in 2012 as evidence that we are locked in a toxic stasis, thanks mostly to our politicians' love affair with the National Rifle Association.