Economy

IL kicks off annual Barack Obama Day, Aug. 4

IL kicks off annual Barack Obama Day, Aug. 4

When they were in White House together, Michelle Obama , Barack Obama , and Joe Biden were darlings of the new generation. Fans of former president Barack Obama - or at least critics who like ...

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Elon Musk considering taking Tesla private, TSLA stock trading halted

Elon Musk considering taking Tesla private, TSLA stock trading halted

Mr Musk has previously discussed the drawbacks of being a public company, saying shareholder demands often produce short-term thinking. "The reason for doing this is all about creating the environme...

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Fetus discovered on plane from Charlotte to NY

Fetus discovered on plane from Charlotte to NY

Fetus was thought to be 5 months along . Flight Tracker reports Flight 1942 left Charlotte at 8:56 p.m. Monday and arrived at LaGuardia at 10:44 p.m., about 20 minutes behind schedule. The statio...

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'Buck-a-beer' to be available in Ontario beginning Aug. 27

'Buck-a-beer' to be available in Ontario beginning Aug. 27

Barley Days Brewery , where Ford made his announcement, has said they will be releasing a specialty beer for $1. He also indicated there are no tax incentives involved and tax payers' money will not...

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Musk Says He May Take Tesla Private, Shares Roar

At that price, the value of the shares comes to US$72b, falling short of the initial performance hurdle of US$100b. Tesla did not return repeated calls for comment from CNBC , nor did the Securi...

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NASCAR CEO Brian France arrested on DUI, possession of oxycodone

NASCAR CEO Brian France arrested on DUI, possession of oxycodone

France was held overnight and arraigned Monday morning before being released on his own recognizance, according to police. France took over as CEO of NASCAR in 2003, following in the footseps of h...

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Facebook wants your financial data to expand Messenger, says report

Facebook wants your financial data to expand Messenger, says report

US banks including JP Morgan Chase, Wells Fargo , Citigroup and US Bancorp have been asked to consider potential deals that would host bank customers on Facebook Messenger. 'We don't use purchase d...

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Indra Nooyi to step down as PepsiCo CEO, Ramon Laguarta to succeed

Indra Nooyi to step down as PepsiCo CEO, Ramon Laguarta to succeed

Nooyi will remain as chairman until early next year. Ramon Laguarta , who has been with the company for more than two decades, will take over as CEO in October, the company said Monday. Sales grew...

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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.

Interestingly, the Roxor - which will come to Australia in its next generation - features a five-bar grille rather than the seven bars that appear on other current Mahindra - and Jeep - models. "W...

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Coinbase Prepares to List Ethereum Classic (ETC)

Coinbase Prepares to List Ethereum Classic (ETC)

Before trading is enabled, inbound transfers will roll in for a period of 24 to 48 hours to ensure Coinbase Pro and Coinbase Prime have enough liquidity. "Our engineering team is beginning final t...

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Trump promises to stay the course on tariffs

The world's two biggest economies, U.S. and China, further escalated trade tensions last week. The Trump administration last month enacted a 25% tariff on roughly $ 34 billion worth of Chinese good...

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Conor McGregor to return against Khabib Nurmagomedov at UFC 229

Conor McGregor to return against Khabib Nurmagomedov at UFC 229

The 30-year-old later turned himself into police and last month pleaded guilty to disorderly conduct, meaning he will serve five days of community service and undergo anger management classes. To add ...

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USA bid to cut off Iranian oil to China fails

USA bid to cut off Iranian oil to China fails

Trump's policies are already putting significant pressure on the Iranian economy, although USA intelligence suggests they may ultimately rally Iranians against the United States and strengthen Iran'...

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GOP strategist: Trump will be anchor around Republicans' necks in 2020

GOP strategist: Trump will be anchor around Republicans' necks in 2020

Though boisterous and bellicose, Trump steered clear of the trouble he stirred up the night before when he blasted one of Ohio's favorite sons, LeBron James on Twitter, questioning James' intelligence...

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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

Those numbers have jumped to 395 infections over 15 states . A parasite infection linked to a product in McDonald's salads has led to a sickness that has impacted almost 400 people across 15 stat...

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Crude oil steady as OPEC supply increases

Crude oil steady as OPEC supply increases

Low U.S. stockpiles were still providing a floor for prices, with overall U.S. crude inventories below the five-year average of around 420 million barrels. China's Unipec has also suspended purchases ...

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Ryanair proposes mediator for Irish pilots union talks

Ryanair proposes mediator for Irish pilots union talks

Ryanair pilots in Sweden, Belgium and Ireland are set to strike, so far causing the cancellation of another 20 flights to and from Ireland. "For over a month, the union has said that industrial ac...

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You’re hired! Unemployment rate falls to 3.9% in July

You’re hired! Unemployment rate falls to 3.9% in July

July wasn't a stellar month for hiring in the USA healthcare sector, with fewer jobs added in ambulatory care, hospitals and nursing facilities compared with a month earlier. Mocuta added that the d...

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Iran receives more airplanes ahead of renewed US sanctions

Iran receives more airplanes ahead of renewed US sanctions

Oil traders had anticipated that sanctions would take Iranian barrels off the market, said Rob Haworth, who helps oversee US$151 billion at US Bank Wealth Management in Seattle. "This action of Trum...

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RBI rate hike a 'win-win' situation for markets, banks

RBI rate hike a 'win-win' situation for markets, banks

While inflation projection for the second half of 2018-19 fiscal year was raised to 4.8 per cent from 4.7 per cent, FY19 growth projection was retained at 7.4 per cent. Changes to the Bank rate affect...

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Tim Cook to Employees: Thanks for the $1 Trillion Market Cap

Tim Cook to Employees: Thanks for the $1 Trillion Market Cap

Not to mention it wasn't a wholly public company. The analysts had previously projected $203.45 share price to propel Apple faster towards the trillion dollar milestone. After Apple became the...

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Another Chipotle Is Closed After Customers Complain of Getting Sick

Another Chipotle Is Closed After Customers Complain of Getting Sick

The company told health officials that two to five staff members called off work due to illness on July 29 and 30. People said they experienced "diarrhea, nausea, and vomiting" after dining at the S...

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Oil prices fall as OPEC increases production

Oil prices fall as OPEC increases production

Meanwhile, President Trump said he's open to talks with Iran , just as US sanctions on the country's oil trade take hold. Russia's oil production last month increased by about 100,000 bpd from Ma...

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Trump could raise tariffs further on Chinese goods

Trump could raise tariffs further on Chinese goods

President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 percent, USTR Robert Lighthizer said on Wednesday. Threats have...

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Molson enters into joint venture to develop cannabis-infused beverages

Molson enters into joint venture to develop cannabis-infused beverages

The companies are aiming to close the deal before September 30, pending certain conditions such as the "execution and delivery of various transaction agreements, including governance documents and R&D...

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Every US Valuation Milestone Since 1781, Including Apple's Rise to $1T

Every US Valuation Milestone Since 1781, Including Apple's Rise to $1T

Those earnings beat Wall Street expectations on the top and bottom lines, but iPhone sales fell slightly short. And just for good measure, Apple repurchased $20 billion in stock during the quart...

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White House Urges China Address ‘Unfair Trading Practices’ Not Tariff Retaliation

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on USA goods were rational and restrained. The Trump administration last month enacted a 25%...

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Pompeo meets Turkish FM Cavusoglu to seek pastor's release

Pompeo meets Turkish FM Cavusoglu to seek pastor's release

Pastor Brunson is an innocent pastor and they need to let him return to the United States". Cavusoglu told Turkish press that the meeting was "constructive", but also spoke out against the sanctions...

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United States considers increasing planned tariffs on $270b in Chinese imports

United States considers increasing planned tariffs on $270b in Chinese imports

The move was in reaction to a threat from Washington earlier this week to increase tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent. President Donald Trump has threa...

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Apple $1 trillion milestone: Here’s why it matters

Apple $1 trillion milestone: Here’s why it matters

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. But there's no law against a com...

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