Markets
Trump says he'll raise tariffs on $200bn of Chinese goods
Based on calculations by Bloomberg Economics, tariffs at the current level add up to a 0.5 percentage-point drag on China's gross domestic product growth this year. Tariffs on Chinese goods are paid to the United States by the companies importing the goods; most of those companies are USA -based. American businesses, while supportive of Trump's crackdown on China's trade practices, are eager for t... [Full Article...]
China considering cancelling trade talks with USA: media reports
Any sign of an escalation in the months-long trade war is nearly sure to roil financial markets, which have reacted sensitively to developments in the talks between the world's two largest economies. The panic on Chinese share markets was exacerbated by Donald Trump's warning that his administration would tax almost all of China's exports to the United States. [Full Article...]
Iran selling oil in 'grey market'
In this picture taken on Monday, July 3, 2017, Hossein Fereidoun, brother and top aide of moderate Iranian President Hassan Rouhani sits in a conference in Tehran, Iran. Friday's move, which Rouhani made no direct reference to, was the third punitive U.S. action taken against Iran in as many weeks. Zamaninia did not give any details about the "gray market". [Full Article...]
EPA reaffirms for users as court cases grow
Farmers spray glyphosate, essentially the widely used herbicide in US agriculture, on fields of soybeans and different crops. "EPA continues to seek out that there aren't any dangers to public well-being when its present label utilizes glyphosate, and that glyphosate is just not a carcinogen", the company stated. [Full Article...]
Berkshire Hathaway investors worry about life after Buffett
Buffett said that while some members were out hunting, one of them fired a few shots into the ground and oil sprouted out. Buffett stressed that he thinks capitalism involves regulation and government oversight, including taking care of individuals who were left behind by the system, particularly when a small portion of the country becomes enormously profitable. [Full Article...]
The 'One Ring' phone scam you should know about
Also known as " Wangiri ", is Japanese for "one ring and drop". Spoofing, which makes it appear that a call is coming from the same area code and prefix as the person being called, is still a problem, too. "Scammers hope you'll call back so they can pocket the cost of the expensive phone call". Before calling unfamiliar numbers, check to see if the area code is worldwide. [Full Article...]
Facebook May Strike Privacy Deal With FTC — WashPost
Facebook said it would face a fine of up to $ 5 billion since the result of an evaluation. Apart from unifying the three main core products of Facebook , the redesign will also focus on the two new products: Facebook Watch and Marketplace putting them in more prominent positions in the Menu bar. [Full Article...]
Americans might love Cinco de Mayo, but few know what they're celebrating
It honors the Battle of Puebla . Tell me about this Battle of Puebla . Back in 1861, Mexico announced it couldn't pay back any of its foreign debts - which led English, French and Spanish troops to invade. Cinco de Mayo deals are available on Sunday, May 5, all over the country, including drink specials, food discounts, and other promotions at major restaurant chains like Chili's , On the B... [Full Article...]