stayontheblack.com

Business

Amazon beats on profit, disappoints on revenue

A July event that the company created to drum up business during the summer shopping lulls, Prime Day, has become a bonafide event to rival Black Friday. Amazon Web Services (AWS), the company's profit center, posted a 49 percent rise in sales to $6.1 billion, also beating the average estimate of $6 billion.

Business

Donald Trump Says US And EU Will Work Towards 'Zero Tariffs' Trade

Farmers in Iowa alone could lose as much as $624 million on soybean shipments to China , Donnelle Eller, an agriculture reporter with the Des Moines Register, told CBSN last month. "If the problem is the deficit, then we can't fix it", the official said. Sen. The administration recently announced a $12 billion temporary aid package for farmers - including soybean producers - dealing with the impact of retaliatory tariffs.

Business

‘First-time’ kiss with Trump caught EU’s Juncker by surprise

At the start of this month, China retaliated against Trump by imposing its own 25 per cent tariffs on key USA products, primarily made in the Midwest states most loyal to the President. He has long complained that the WTO has been unfair to the United States, despite the fact the USA has won most of the disputes against China and others.

Business

China to pull approval for Facebook's planned venture

Facebook said yesterday it planned to create an "innovation hub" to support local start-ups . Its venture in China was similar to what it did in other countries: Station F in France, Estacao Hack in Brazil, Tech Hub launch in India and Innovation Hub in Korea.

Business

Twitter shares plunge 20.5 percent

But it is a necessary strategy if Twitter is to gain the trust of many advertisers. Allegations of Russian meddling in the 2016 US election by spreading misleading or divisive content over social media have made the issue of improving control over accounts and content critical for Twitter.

Business

Facebook sees biggest fall in corporate history as shares lose $120bn

Nathanson also voiced concerns about Facebook's next act, once its namesake social media platform and Instagram are fully built out. Shares tumbled as much as 20 per cent in NY on Thursday as sales and user growth disappointed investors.

Business

Mega Millions jackpot surges to $522 million ahead of Tuesday’s drawing

But there are things you can do to boost the odds of becoming a multi-millionaire. To win, you must match the five white balls and the one gold ball. Individual lottery tickets cost $2 and can be purchased up until 7:45 p.m. The jackpot has a cash option of $308 million, which is obviously still not a bad chunk of change. The jackpot, now at $522 million, has surged past $400 million for only the seventh time in the game's 16-year history.

Business

China denies USA allegation of currency manipulation

China's regulatory tightening has driven up corporate borrowing costs, prompting the central bank to cut banks' reserve requirements three times this year, with further cuts widely expected. Japanese government bond prices fell sharply on Monday, with the benchmark 10-year yield hitting its highest level in almost six months, following reports that the Bank of Japan is actively discussing changes to its policies.

Business

The Best Amazon Prime Day Deals So Far Today

The countdown is on for the global shopping event known as Amazon Prime Day . Amazon Prime Day 2018: When is it? The Amazon Fire Stick has been reduced, but you can save yourself some money on Amazon Prime Day 2018 . To stay competitive, several other retailers are doing sales of their own. When it comes to its movie, TV and music options, Amazon's Canadian streaming service pales in comparison to bigger competitors like Netflix and Spotify.

Business

Elon Musk Calls Thailand Cave Rescue Diver a 'Pedo' in Twitter Rant

Boys rescued from Thailand cave steadily recovering at hospital, officials say Musk had offered a mini-sub to help with the rescue . "He was the guy who effectively mapped most of that cave", he told AFP. Calling Unsworth "sus" - or, suspicious - was just the tip of the iceberg. "It wouldn't have made the first 50 metres into the cave from the dive start point".

Business

JCPOA members resolved to stand up to U.S. exit: Iran

Further sanctions on oil and transactions with the central bank of Iran will come into effect November 6. In another phone conversation with French President Emmanuel Macron late on Thursday, Rouhani described Paris' efforts to save the nuclear deal as "positive" but noted that "Europe's proposed package for keeping up cooperation in the JCPOA does not meet all our expectations".

Business

Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls

Lopez Obrador said that he has already met with businessmen after his crushing victory in Sunday's election and that he planned a Tuesday night meeting on inviting worldwide figures - including Pope Francis, rights activists and the United Nations - to help come up with a plan to solve Mexico's problem of soaring violent crime.

Business

United States looks for support on Iran crude embargo

The vice president also noted that the "vulnerable" social layers should be helped after re-imposition of sanctions. US crude stockpiles are forecast to have declined 5 million barrels last week, according to a Bloomberg survey ahead of government data to be released on Thursday.

Business

Iran issues oil warning as UAE says production can rise

Given the importance of the Chinese market for Iranian oil, some experts figure that the United States may be banking on resolving trade tensions with Beijing by the time the November deadline hits. Five other suspects were detained in Belgium and France, authorities in the two countries have said. An EU spokesperson said Brussels is in regular contact with Washington regarding the oil sanctions and stressed that "the EU remains fully committed to the nuclear deal and to the full and ...

Business

Horst Seehofer: Bavarian hardliner turned Merkel nemesis

However, criticism from Vienna and her junior coalition partners, the Social Democrats (SPD), threatened to throw a spanner in the works. Germany's constitution prevents federal ministers from outright quitting their positions, and must request to be dismissed by the German President.

Business

Dude, Dell is going public again

Dell will exchange each share of VMware tracking stock for 1.3665 shares of its Class C common stock, or $109 per share in cash for a total cash consideration of not more than $9 billion. Anyone that follows the goings on of Dell would have to wonder how this affects VMware. DVMT has a market capitalization of $17 billion, while that of VMware is about $60 billion after their stock prices increased this year on the possibility of a deal, according to the paper.

Business

Pharmacy shares drop on news Amazon is buying online prescription company PillPack

The closely held firm has software that automates many routine pharmacy tasks, such as verifying when a refill is due, determining co-pays, and confirming insurance. Michael Rea, CEO of Rx Savings Solutions, said PillPack could transform the industry and that employers and health plans would benefit from the deal, which he called a "sign of the times".

Business

Mount Agung: Jetstar and Indonesia AirAsia to resume flights

The eruption, which began on Thursday, fired a towering column of ash 2,500 metres (8,200ft) into the sky, and reddish flames lit up the volcano's crater overnight. Tens of thousands of locals fled to evacuation centres after last year's eruption. Air New Zealand has cancelled Bali flights today due to an erupting volcano at Mount Agung .

Business

United States plans limits on Chinese investment in USA technology firms

Bush administration."They see him as something of a point of stability". "Under the plan, the White House would use one of the most significant legal measures available to declare China's investment in United States companies involved in technologies, such as new-energy vehicles, robotics and aerospace, a threat to economic and national security", said Bloomberg .

Business

Voters go to the polls in elections in Turkey

Election board chief Sadi Guven said officials were taking "administrative and judicial initiatives" over reported security problems as people voted in Sanliurfa, in the country's southeast, according to Turkey's state-run Anadolu news agency.

Business

Harley-Davidson will shift some production outside the U.S. to avoid tariffs

Harley-Davidson's move is some of the most direct evidence yet that tit-for-tat trade fights between the United States and other countries have consequences for American companies. Passing along that cost to consumers would have " an immediate and lasting detrimental impact " to Harley-Davidson's sales in Europe. European and U.S.

Business

Erdogan confirmed victor of Turkey election that brings sweeping new powers

Erdogan, the most popular but also divisive leader in modern Turkish history, argues the new powers will better enable him to tackle the nation's economic problems - the lira has lost 20 percent against the dollar this year - and deal with Kurdish rebels in southeast Turkey and in neighboring Iraq and Syria.

Business

'Ready, fire, aim': Trump widens trade war with tariff treats on cars

Together with USA tariffs against Mexico and Canada, the trade battles have raised the spectre of a global trade war , spooking financial markets that fear major consequences to the global economy. Today, as Reuters news agency reported , the President of the United States Donald Trump threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all us imports of European Union-assembled cars.

Business

SCOTUS ruling allows Nebraska to collect online sales tax

The decision in South Dakota vs. Wayfair is a victory for states who argued they were losing out on billions of dollars each year. Legislation to begin collecting online sales tax beginning July 1 was blocked by a filibuster earlier this year.

Business

Opec’s challenge - to pump more oil while keeping deal in place

Saudi Arabia urges OPEC to help consumers by boosting oil supply as opposition from arch-rival Iran shows signs of wavering. Observers say the participating countries could simply agree to stop exceeding their quotas for cutbacks, and stick to the agreed target of trimming production by 1.8 million barrels per day (bpd).