Economy

White House Corrects Trump’s Tweet on GDP, Unemployment

White House Corrects Trump’s Tweet on GDP, Unemployment

Hassett said the correct statement the president should have made is that the GDP rate rising above the unemployment rate had not happened in 10 years. The trickier part is deciding which preside...

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Judge strikes down bill to reduce Toronto council size

Judge strikes down bill to reduce Toronto council size

Belobaba ordered an election resume with 47 wards, returning the campaign to a state before the Tories passed Bill 5 at Queen's Park. He ruled that the enactment of Bill 5 in the middle of an electi...

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Former spokesperson: Obama should take credit for economy

Fox News research contradicted Trump in a tweet about two hours after his claim, noting that there have been 63 quarters with a GDP growth rate higher than the average quarterly unemployment rate (se...

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Alibaba founder Jack Ma to step down as chairman in September 2019

Alibaba founder Jack Ma to step down as chairman in September 2019

Mr Ma said recently in an interview with Bloomberg that "there's a lot of things I can learn from Bill Gates", who also founded his own philanthropic foundation before stepping down as chief execut...

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Ford VS Trump: Automaker Refuses To Change Focus Hatch China Production Plans

Ford VS Trump: Automaker Refuses To Change Focus Hatch China Production Plans

After President Trump tweeted that Ford should build the Focus Active in the USA and pay zero levies, Mark Levine, spokesperson for Ford, tweeted that the company hasn't changed its mind on not of...

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Top White House economist fact-checks Trump on GDP claim

In fact, US GDP growth has been higher than the unemployment rate in several quarters during the last century, including, most recently, in 2006. Actually, about Fox News , Obama White House Comm...

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Ford Rules Out Making Focus Active Wagon In The U.S.

Ford Rules Out Making Focus Active Wagon In The U.S.

Trump tweeted on September 8 that Apple should build new manufacturing plants in the U.S. to avoid tariffs on Chinese imports that the United States government is planning to introduce. The tariff...

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Indian Rupee Falling Against US Dollar to a Lifetime Low

Indian Rupee Falling Against US Dollar to a Lifetime Low

The currency witnessed intense volatility and hit all-time low of 72.64 during morning deals. The Reserve Bank of India and its peers in other emerging economies have been forced to defend their cur...

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White House adviser admits Trump got his facts wrong in economy tweet

White House adviser admits Trump got his facts wrong in economy tweet

Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. 'But what is true is that it's the highest in ten years'. Asked if Obama ev...

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Fuel Prices Increased. Left declares Bharat Bandh on Monday

Fuel Prices Increased. Left declares Bharat Bandh on Monday

In the 13 days between August 29 and September 10, petrol and diesel prices have risen daily; in the case of petrol from Rs 81.45 to 84.06, and in the case of diesel from Rs 74.74 to Rs 77.98. This ...

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Despite Trump tweet, Ford says it won't make hatchback in US

Trump tweeted over the weekend that the tech giant should manufacture its gadgets in the U.S. if it wanted to avoid tariffs on Chinese imports, saying an "easy solution" to Apple's problem would b...

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Apple faces Trump's ire after company says tariffs would hurt products

Apple faces Trump's ire after company says tariffs would hurt products

San Francisco: Apple Inc. said proposed United States tariffs on $200 billion worth of products imported from China will raise prices for some of its popular consumer goods such as the Apple Watch ...

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Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh

Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh

The primary transportation fuel saw a hike of 12 paise, whereas diesel went up by 11 paise across major cities in India. On the other hand, Mumbai is affected most with the hike as petrol and diesel a...

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Alibaba's Jack Ma to step down in a year

Alibaba's Jack Ma to step down in a year

Ma relinquished the role of chief executive in 2013. Zhang, 46, has been in the job since 2015 after serving as the company's chief operating officer. Ma is also known for his eccentric personality an...

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Step closer to e-scooter share service

Step closer to e-scooter share service

Lyft's new business came almost one week after it failed to be granted a permit to operate e-scooters in its home city of San Francisco. The City of Fresno issued a cease and desist notice to Bird...

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Apple Issues Letter Responding to President Trump’s Proposed Tarrifs

Apple Issues Letter Responding to President Trump’s Proposed Tarrifs

Both Apple and Intel are warning that President Trump's trade war with China will increase prices for consumer electronics, including the Apple Watch and AirPods . Apple outlined how the compan...

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Elon Musk smokes weed on Joe Rogan podcast

Elon Musk smokes weed on Joe Rogan podcast

Shortly after smoking, Musk looks at his phone and laughs, telling Rogan he was getting texts from friends asking why he was smoking weed during the interview . " Elon's actions are making it harder...

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51,600 lost jobs pushes up unemployment rate, but full-time work rises

51,600 lost jobs pushes up unemployment rate, but full-time work rises

The local unemployment rate has gone down slightly. In the 12 months to August, part-time work decreased by 93,000 (-6.7%). Employment in the province increased by 16,000 last month, but the unem...

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Les Moonves Stepping Down As Chief Executive Officer At CBS

Les Moonves Stepping Down As Chief Executive Officer At CBS

The New Yorker reported on Sunday that CBS would no longer offer Moonves any exit compensation, pending the results of its investigation. CBS will donate a portion of Moonves's exit settlemen...

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Economy Adds 201,000 Jobs in August, Unemployment Steady at 3.9 Percent

Economy Adds 201,000 Jobs in August, Unemployment Steady at 3.9 Percent

The pace of hiring in the United States picked up in August with the addition of more than 200,000 jobs. There were also gains in transportation and healthcare employment. Later this month, the Fed ...

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P.E.I. bucks national trend with modest job growth in August

According to the Statistics Canada Labour Force Survey , nationally, the economy lost 92,000 part-time workers, while there was a 40,400 gain in full-time employment positions. That is a sharp contra...

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World's largest offshore windfarm opens in Walney

World's largest offshore windfarm opens in Walney

The project used technology from two turbine manufacturers, and features 40 MHI Vestas 8MW V164s and a further 47 Siemens Gamesa 7MW SWT-7.0-154s. Orsted's ongoing operations and maintenance activ...

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Barack Obama enters ring in battle for blue wave

Barack Obama enters ring in battle for blue wave

Addressing at the University of Illinois, Urbana-Champaign, less than two months before the mid-term elections that could determine the course of Trump's presidency, he said that the democracy in th...

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Petrol, diesel prices rise by about 50 paise. Check today’s rate

Petrol, diesel prices rise by about 50 paise. Check today’s rate

In Mumbai , Kolkata and Chennai petrol cost Rs 87.39, Rs 86.41and Rs 83.13 per litre respectively. In 2018, petrol prices are up by about 14% while diesel is up a fifth. Since the start of daily ...

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Goldman Sachs CFO Calls Trading Desk Rumors

Goldman Sachs CFO Calls Trading Desk Rumors "Fake News"

The cause apparently dealt with their list of priorities, as well as favoring other ventures. How to ensure cryptos are safe from hacking attacks is one of the issues regulators are trying to get ...

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Petrol price in Delhi crosses ₹ 80 mark, diesel at highest ever

Petrol and diesel should come under the purview GST and I accept that people are facing problems. In Mumbai, Petrol & Diesel prices are Rs.87.77 per litre & Rs.76.98 per litre, respectively. "Moreov...

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Energy price cap to save households £75 a year, says Ofgem

Energy price cap to save households £75 a year, says Ofgem

It will come into effect at the end of the year. The cap is being designed as a temporary measure, which will be in place until 2023 at the latest. Dermot Nolan, chief executive of Ofgem, said: "O...

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BERNIE'S BILLIONS: Sanders Unveils Anti-Amazon 'STOP BEZOS ACT'

BERNIE'S BILLIONS: Sanders Unveils Anti-Amazon 'STOP BEZOS ACT'

The Vermont senator has previously railed against the way Amazon treats its workers . In addition, Amazon workers' median annual salary past year was $28,446, but this figure includes both full...

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Ford recalls around 2 million North American trucks

Ford recalls around 2 million North American trucks

There have been no reports of injuries as a result. The pretensioner is a component attached to the base of a seatbelt clip. Modern cars and trucks have sensors that can detect when a crash is underwa...

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Trump says he’s ready to hit China with $267bn in additional tariffs

Trump says he’s ready to hit China with $267bn in additional tariffs

Earlier speculation was that those tariffs, proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of thi...

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