Business

Turkish lira slumps to new record low as Donald Trump doubles tariffs

Turkish lira slumps to new record low as Donald Trump doubles tariffs

Last week, he called on Turks to convert their foreign currency and gold into Turkish lira to help the currency. Turkish President Recep Tayyip Erdogan is appealing for calm as the country's cur...

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Saudi Arabia's standoff with Canada will affect dozens of UVic students

Saudi Arabia's standoff with Canada will affect dozens of UVic students

The move came in reaction to a tweet last week from Ottawa's foreign minister, Chrystia Freeland, who said that "Canada is gravely concerned about additional arrests of civil society and women's ...

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Chinese Unipec suspends United States oil imports amid growing trade row

Chinese Unipec suspends United States oil imports amid growing trade row

Brent crude, the global oil benchmark, traded at less than $72 a barrel last night as the sell-off was compounded by data from the US Energy Information Administration showing stockpiles had fallen l...

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USA tariffs on China: Trump administration adds $16 billion

USA tariffs on China: Trump administration adds $16 billion

June 15: Trump rolls out thefinal list of goods subject to new tariffs. It has not yet given a date for its previously announced retaliatory tariffs on $16 billion in US goods, which will target co...

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NY votes to cap Uber and Lyft services

NY votes to cap Uber and Lyft services

This comes in the wake of reports that the rise of ridesharing services has depressed the price of taxi medallions and sharply cut into driver earnings. 'Uber as you know it is going to be Uber as you...

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Tesla's value underrated by Musk, top investor says

Tesla's value underrated by Musk, top investor says

These reportedly include why the company chose to make such a major announcement on Twitter and if it believes "investor-protection rules had been met". If we turn to the Street in general, we can see...

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Snapchat Loses 3 Million Daily Users, But Posts Q2 Earnings Beat

Snapchat Loses 3 Million Daily Users, But Posts Q2 Earnings Beat

The Los Angeles-area company beat Wall Street's expectations for both revenue and losses, and its share price surged by more than 13% on the news in after-hours trading to almost $15, before briefly s...

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China Announces More Tariffs on US Imports

China Announces More Tariffs on US Imports

It has also slapped 25 percent tariffs on $ 34 billion worth of Chinese imports. July 6: Tariffs promised on June 17 and June 18 took effect in both directions . China immediately expanded...

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IL kicks off annual Barack Obama Day, Aug. 4

IL kicks off annual Barack Obama Day, Aug. 4

Musician John Legend sent well wishes from Indonesia. U.S. President Barack Obama walks to Marine One on the south lawn of the White House October 19, 2014, Washington, D.C. "It's incredibly proud...

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Dead fetus reportedly found onboard American Airlines plane in New York City

Dead fetus reportedly found onboard American Airlines plane in New York City

Monday. The fetus was believed to be five or six months along. The Executive Director for Public Affairs in the chief medical examiner's office Aja Worthy-Davis released the following statement ...

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Elon Musk says he's considering taking Tesla private

Elon Musk says he's considering taking Tesla private

In his tweets , Musk said he would keep his Tesla shares no matter what happens, and noted that he now doesn't hold a controlling interest in the company. Factoring in $US8.8 billion ($11.9 billion...

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Ontario brewers that offer buck-a-beer may get LCBO incentives

Ontario brewers that offer buck-a-beer may get LCBO incentives

It's up to brewers to actually pass down the savings of $1 beer to consumers. "You can't go anywhere without people asking 'when are you guys going to bring back buck a beer, '" Finance Minister Vic...

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Musk explains why he thinks taking Tesla private is 'best path forward'

No matter if he was joking or not, as soon as Musk tweeted about this, the stock spiked . The two pieces of news helped move shares of Tesla up almost 6% in trading Tuesday, to $362 apiece. The fi...

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Brian France, NASCAR chairman, arrested for DWI and criminal possession of oxycodone

Brian France, NASCAR chairman, arrested for DWI and criminal possession of oxycodone

TMZ reported that his blood alcohol level more than double the legal limit. He was arraigned in Harbor Village Justice Court and released on his own recognizance. Aggravated driving while intoxicated...

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Facebook wants banks to share your personal finances

Facebook wants banks to share your personal finances

According to the report , Facebook has asked banks "to discuss potential offerings it could host for bank customers on Facebook Messenger", as well as offer a feature to display checking account bala...

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Indra Nooyi to step down as PepsiCo chief executive

Indra Nooyi to step down as PepsiCo chief executive

Previous roles include CEO, Europe Sub-Saharan Africa, president, PepsiCo Eastern Europe Region; commercial vice president for PepsiCo Europe; general manager for Iberia Snacks and Juices; and gen...

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China refuses U.S. order to reduce oil imports from Iran

China refuses U.S. order to reduce oil imports from Iran

Francis Fannon, U.S. assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, Bloomberg said , citing a U.S. intelligence suggests they may ult...

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5 killed in plane crash in California parking lot

5 killed in plane crash in California parking lot

The Federal Aviation Administration said the pilot issued an emergency call before going down near the John Wayne Airport in Orange County. The incident reportedly occurred at around 12.30pm on Su...

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RBS to pay its first dividend since 2008 bailout

RBS to pay its first dividend since 2008 bailout

The interim dividend will be 2p per share, though the timing of the payout is subject to the finalisation of its USA settlement. This will be paid out when it completes a $4.9 billion (£3.8 billion)...

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President Donald Trump arrives in OH for rally

President Donald Trump arrives in OH for rally

As the Inquisitr reported yesterday, during a rally in Ohio, Trump boasted about his ability to "destroy" careers of Republicans who oppose him, giving credence to the sentiment that the Republican ...

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Trade war:

Trade war: "China's countermeasures are rational", argues Beijing

The South China Morning Post reported last week that officials from Beijing and Washington had held unofficial talks, but a deep and mutual distrust continued to hamper efforts to de-escalate th...

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Oil prices fall as OPEC boosts supplies

Oil prices fall as OPEC boosts supplies

U.S. government data on Wednesday showed a surprise gain in nationwide stockpiles. Oil prices are feeling the effects of ongoing tensions over global trade, with markets concerned about any slowdo...

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Canada enjoys lowest trade deficit since January 2017

Canada enjoys lowest trade deficit since January 2017

The city's industrial zone looms over residential neighborhoods in Hamilton, Ontario, Canada May 14, 2017. Canada's largest trading partner, the United States, was the destination for a record $37.1...

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Steve Jobs' brutal words to daughter

Steve Jobs' brutal words to daughter

Chrisann Brennan and daughter Lisa Brennan-Jobs relied on welfare while Steve Jobs drove Porsches. While he continued to deny paternity of Brennan-Jobs, he was allegedly forced to undergo a DNA t...

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FCA Wants To Block Mahindra From Selling Jeep Lookalike In U.S.

FCA Wants To Block Mahindra From Selling Jeep Lookalike In U.S.

According to Bloomberg , in a complaint lodged with the US International Trade Commission - not the US Patent Office - in Washington on August 1, FCA said the Mahindra Roxor infringed Jeep's signat...

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Conor McGregor-Khabib Nurmagomedov Booked for UFC 229

Conor McGregor-Khabib Nurmagomedov Booked for UFC 229

He was stripped of his belt for being inactive and Nurmagomedov subsequently won the 155lb title by beating Al Iaquinta as the Russian extended his winning record to 26 straight fights. Those include ...

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Office workers claim $522M Mega Millions jackpot

Office workers claim $522M Mega Millions jackpot

At the time of the drawing, the prize was listed as $522 million but was later revised upwards to $543 million. The winners have the option of either taking the full $543 million jackpot over 30 yea...

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People Across 15 States Sickened in McDonald’s Salad Outbreak: FDA

People Across 15 States Sickened in McDonald’s Salad Outbreak: FDA

Federal safety officials issued a public health alert earlier this week about salads and wraps distributed nationwide by Caito Foods in Indianapolis, Indiana, and containing chopped romaine lettuce ...

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Tesla, Inc. (TSLA) distanced 42.91% to its 52-Week Low = Technical Analysis

Tesla, Inc. (TSLA) distanced 42.91% to its 52-Week Low = Technical Analysis

UBS Group reiterated a "sell" rating and set a $195.00 price objective on shares of Tesla in a research note on Monday. A rating of 3 would signify a consensus Hold recommendation. After the release...

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Iranian protesters attack Islamic school as sanctions loom

Iranian protesters attack Islamic school as sanctions loom

A State Department official confirmed Francis Fannon, assistant secretary of state at the US Bureau of Energy Resources, was recently in China to discuss Iranian sanctions. Iranian President Hassan...

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