Markets

Apple is first public company worth $1 trillion

Apple is first public company worth $1 trillion

Apple crossed into history on Wall Street Thursday, becoming the first publicly-traded company to reach a trillion-dollar market capitalization. Started in the garage of co-founder Steve Jobs in ...

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Bank of England raises interest rates to 0.75%

Bank of England raises interest rates to 0.75%

The central bank hiked interest rates by 25 basis points to 6.5 per cent, in the second such hike in three months. The Czech central bank raised interest rates on Thursday for the fifth time in a ...

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Apple becomes world's first public company worth $1 trillion

Apple becomes world's first public company worth $1 trillion

All that money coming back to the USA also spurred Apple to raise its dividend by 16 percent and commit to buy back $100 billion of its own stock as part of an effort to drive its stock price even h...

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Wisconsin's first sales tax holiday begins August 1

Wisconsin's first sales tax holiday begins August 1

Looking to save a few dollars on back-to-school supplies, clothing or items to get you through the next hurricane? The sales tax weekend ended at 11:59pm Sunday. Each item of clothing must cost ...

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Chipotle reopens in Ohio after reports of illnesses

Chipotle reopens in Ohio after reports of illnesses

Many also reported illnesses on a crowdsourcing website that tracks food poisoning cases across the U.S. Over the last few days, Iwaspoisoned.com has logged 110 reports citing more than 170 people...

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White House Plans 25% Tariffs on China

Bike Europe has reported that the Chinese government will not tolerate blackmail from the American adminsitration and that they would respond in kind. "China and the US have had several rounds of con...

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Financial fruit: Apple becomes 1st trillion-dollar company

Financial fruit: Apple becomes 1st trillion-dollar company

Started in the garage of co-founder Steve Jobs in 1976, Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries. " I think it just speaks to just how powe...

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Alert issued for salads, wraps due to parasite concern

Alert issued for salads, wraps due to parasite concern

Indianapolis-based distributor Caito Foods LLC reported that officials with Fresh Express had issued a recall notice for chopped romaine that was used in the wraps and salads. "There's no confirmati...

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Tesla shares charged up by Musk's positive production forecast

Tesla shares charged up by Musk's positive production forecast

And the first thing Musk did was apologize. He previously said Tesla would achieve positive cash flow and profits in the third and fourth quarters of 2018. The stock was down 3.4 per cent through We...

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Treasury Sanctions Two Turkish Officials Over Imprisonment of Brunson

Treasury Sanctions Two Turkish Officials Over Imprisonment of Brunson

The Treasury Department will place sanctions on Turkey's minister of justice and minister of interior, White House Press Secretary Sarah Sanders confirmed at a press briefing. Brunson risks up to 3...

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McDonald's to offer

McDonald's to offer "Mac Coins"

McDonalds CEO Steve Easterbrook, far right, presents the first MacCoins to Tony, Nick, Dan and Mike Delligatti, McDonalds franchisees and grandsons and son to the late Jim Delligatti , inventor of ...

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"Immediate beginning" of trade negotiations with European Union, announces Trump's chief economic advisor

When China exports a US$450 worth of business suit to the US, China gets five per cent of the profit while the US gets 84 per cent. The trade war dampens the growth momentum of global trade. in virtua...

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Apple shares soar in after-hours trade as earnings beat expectations

Apple shares soar in after-hours trade as earnings beat expectations

Apple's financial third quarter is traditionally quiet, coming in the slow summer months before the company's hotly anticipated refresh of the iPhone, the device that provides the lion's share of its...

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Harley Davidson’s NEW 250cc-500cc motorcycle to take on Royal Enfields

Harley Davidson’s NEW 250cc-500cc motorcycle to take on Royal Enfields

In an investor communication, Harley-Davidson said, "We intend to enter into a strategic alliance in Asia to launch a 250-500cc motorcycle within 2 years in India, and into other emerging markets in A...

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Zuckerberg loses $16 billion in record Facebook fall

Zuckerberg loses $16 billion in record Facebook fall

He claims the marketplace was "shocked" when the "truth began to emerge" from the social media giant. The company's stocks dropped to $176.26, an overall 19 percent decrease in market value. Thoug...

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GOP lawmakers tell Trump aides of tariff concern

GOP lawmakers tell Trump aides of tariff concern

Trump, who had threatened tariffs on European auto imports , indicated he would hold off on further tariffs while talks are underway, and that the US would talk about how to handle existing tariffs o...

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Amazon's quarterly profit tops $2 billion for first time

Amazon's quarterly profit tops $2 billion for first time

Of the 48 analysts covering the stock, 46 have a "buy" rating, while only 2 rated it "hold". It's the company's third straight quarter of posting more than $1 billion in net profit. Wall Street can't ...

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Facebook quietly sets up subsidiary in China despite hardening censorship

Facebook quietly sets up subsidiary in China despite hardening censorship

Notably, China is not the only country where the company is setting up an incubator to train the local entrepreneurs and developers. The filing listed Facebook Hongkong Ltd as its only shareholder...

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Twitter to prioritize fixing platform over user growth, shares plunge

Twitter to prioritize fixing platform over user growth, shares plunge

The report follows Facebook's historic plunge yesterday, in which it lost $119.1 billion in market value - the largest single day loss ever for a publicly traded company. The number of people usin...

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European Union and USA launch talks in bid to quell trade tensions

European Union and USA launch talks in bid to quell trade tensions

China and other top US trade partners zeroed in on American farmers with retaliatory tariffs after the administration imposed duties on Chinese goods as well as steel and aluminum from the European U...

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Mnangagwa expected in SA for BRICS Summit

Mnangagwa expected in SA for BRICS Summit

Trump's comments came after his administration announced a plan to provide $12 billion in emergency relief for farmers who have been slammed by the president's trade disputes. PM returned after histor...

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Facebook (FB) Stock Sinks as Revenue Misses Expectations

Facebook (FB) Stock Sinks as Revenue Misses Expectations

Zuckerberg lost more wealth in a single day than the entire market value of Nasdaq or Ralph Lauren. The sudden drop in Facebook stock was a result of the announcement of second-quarter earni...

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Saudis halt oil shipments through waterway after Yemen rebel attack

The coalition said in a statement carried by Saudi state media on Wednesday that the Houthis had attacked one oil tanker west of Hodeidah , but did not name the vessel or describe how it was attack...

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SEC Commissioner Hester Peirce Objects the Bitcoin ETF Rejection

SEC Commissioner Hester Peirce Objects the Bitcoin ETF Rejection

Tom Alford said that after gold ETF came into existence in 2003, that by 2011 which is an 8 years gap, its price had increased to about 500% yearly after it was traded previously for 30 years. Mainly,...

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Facebook Stock Decline Is Largest One-Day Drop in U.S. History

Facebook Stock Decline Is Largest One-Day Drop in U.S. History

Facebook's shares collapsed by 18% on Thursday when the stock market opened in NY, a day after the Silicon Valley company revealed that 3 million users in Europe have abandoned the social network ...

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