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Economy

The economy is now entering its tenth year of expansion, and hiring has actually accelerated this year compared with 2017, surprising most analysts. On Friday, China's Commerce Ministry said a new set of proposed import tariffs on $60 billion worth of USA goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.
  • Apple is the world's first trillion dollar company

    Apple is the world's first trillion dollar company

    Economy

    Before the release of the iPhone, Apple was reporting revenue of less than $20bn and profits of less than $2bn from the sale of its Mac personal computers in 2006. it's more a testimony of the importance of Apple on the market". As Jobs' top lieutenant, Cook oversaw the intricate supply chain that fed consumers' appetite for Apple's devices and then held the company together in 2004 when Jobs was stricken with a cancer that forced him to periodically step away from work - sometimes for ...
  • Wisconsin's five-day sales tax holiday begins Wednesday

    Wisconsin's five-day sales tax holiday begins Wednesday

    Economy

    In April, Gov. Scott Walker used a partial veto to extend the period to five days. Ready for school? This is your weekend to save on sales tax. Those who live in Loudoun or in other parts of Northern Virginia, where the sales tax is 6 percent, will save even more.
  • Trader Joe’s and Other Chains Involved in Massive Food Recall

    Trader Joe’s and Other Chains Involved in Massive Food Recall

    Economy

    The company said they received word that the romaine lettuce used in those products was being recalled due to the possibility of Cyclospora contamination. It can also cause loss of appetite, weight loss, stomach cramps or pain, nausea, gas and fatigue, the CDC added. Possible Cyclospora contamination led McDonald's earlier this month to voluntarily stop selling salads at about 3,000 restaurants in 14 states until they could switch to a lettuce-mix supplier other than Fresh Express.
  • Tesla posts record $717 million net loss in second quarter

    Tesla posts record $717 million net loss in second quarter

    Economy

    Last quarter, Musk mistreated two analysts by calling their queries about the company's cash needs and Model 3 orders "so dry" and "not cool". In the first-quarter call in May, Mr Musk cut off Mr Sacconaghi for what he called "boring, bonehead" questions and said Mr Spak's questions were "so dry".
  • Why Trump Imposed Sanctions on a Key NATO Ally

    Why Trump Imposed Sanctions on a Key NATO Ally

    Economy

    White House spokeswoman Sarah Sanders said the sanctions would target Turkey's justice and interior ministers, whose agencies she said were responsible for the pastor's arrest and detention. The ministry called the sanctions a "disrespectful intervention in our legal system" that would harm "the constructive efforts toward resolving problems between the two countries".
  • Tesla makes it own surfboard for $1500

    Tesla makes it own surfboard for $1500

    Economy

    At press time, Tesla is trading at a little more than $288, which puts the stock down 3.08%. While some say they bought the boards not even knowing how to surf, others expressed some pessimism. In 2016, there were more than 400,000 Tesla Model 3 cars pre-ordered at $35,000 each. Tesla is selling a $1500 surfboard with Tesla on it, according to TechCrunch .
  • How China Can Retaliate Against the US

    How China Can Retaliate Against the US

    Economy

    Trump said, as he stood next to European Commission President Jean-Claude Juncker. "If the deal works through nicely - and it's going to be several stages - I don't think there will be steel tariffs for the European Union". German automaker BMW said it would increase suggested retail prices of the relatively high-margin X5 and X6 SUV models by 4 percent to 7 percent.
  • After $120B Stock Tumble, Facebook Investors Claim Fraud

    After $120B Stock Tumble, Facebook Investors Claim Fraud

    Economy

    Microsoft lost $77 billion in a day during the dot-com bust, according to Bloomberg . But analysts attributed the user growth shortfall largely to European privacy rules that went into effect in May, not to the furor over the political consulting firm with ties to President Donald Trump, which improperly accessed the data of tens millions of Facebook users.
  • Harley-Davidson will launch its electric LiveWire motorcycle in 2019

    Harley-Davidson will launch its electric LiveWire motorcycle in 2019

    Economy

    While BMW recently introduced a 310cc bike (its smallest globally) in a manufacturing partnership with TVS, Triumph - the British cult bikemaker - has joined hands with Bajaj Auto for smaller-displacement motorcycles. Harley Davidson will launch its first electric motorcycle, LiveWire in 2019. Harley have also indicated that they have a range of small electric motorcycles under development, some of which appear to be more bicycle like than motorcycle.
  • U.S. and European Union agree to ease tensions over trade disagreements

    U.S. and European Union agree to ease tensions over trade disagreements

    Economy

    Receive daily email alerts, subscriber notes & personalize your experience. For example, U.S. Rep. Andy Barr, a Kentucky Republican, said he told White House advisers that Wednesday's announcement about the Trump-Juncker agreement "was a positive sign and we appreciate the administration lowering the temperature with the European Union ".