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Markets

Brent crude futures LCOc1 were at $73.42 per barrel, down 3 cents from their last close. Tensions between the US and Iran are also supporting the market, Barratt said. At a June 22 meeting, OPEC agreed to boost output by returning to 100 percent compliance with oil output cuts that took effect in January 2017, after months of underproduction by countries including Venezuela and Angola .
  • Trump defends trade, tariff policies during rally in Florida

    Trump defends trade, tariff policies during rally in Florida

    Markets

    On July 25, U.S. President Donald Trump, after talks with European Commission President Jean-Claude Juncker, announced that the two sides would not impose new punitive tariffs on one another while negotiations continued. Secretary Perdue arrived in Puerto Rico after a stop in Argentina where he celebrated the reintroduction of American pork products to the Argentine market after more than 20 years.
  • Molson Is Developing Cannabis-Infused Beverages

    Molson Is Developing Cannabis-Infused Beverages

    Markets

    The JV between Molson Coors Canada and HEXO, a recreational cannabis "sister brand" to The Hydropothecary, a licensed producer and distributor of medical cannabis, will be structured as "a standalone start-up company" led by its own board and management team.
  • Apple Inc. Breaks $1 Trillion Market Valuation

    Apple Inc. Breaks $1 Trillion Market Valuation

    Markets

    The 1950s were the golden years of growth for USA auto companies like GM and Ford, taking place well before the mass entry of foreign companies like Toyota into the domestic automobile market. Wilson believes that services revenue growth is essential to helping to drive up the stock's multiples. And it's going to generate enormous returns for Apple's shareholders.
  • Turkey, US agree to work together to resolve issues

    Turkey, US agree to work together to resolve issues

    Markets

    Cavusoglu called his meeting with Pompeo "constructive". US sanctions imposed on Turkey over the trial of an American pastor accused of backing terrorism are unacceptable and will have limited impact on the Turkish economy, Treasury and Finance Minister Berat Albayrak said on Thursday.
  • China threatens new tariffs on $60 billion worth of USA goods

    China threatens new tariffs on $60 billion worth of USA goods

    Markets

    Beijing says the United States is deliberately creating the trade conflict, using bullying tactics, and ignoring worldwide negotiating norms so that it can stop the rise of China as a competitor on the world stage. Donald Trump, right, listens to Larry Kudlow , his chief economic adviser, on the lawn of the White House in July. While that could signal investors pulling money from the country, it could also help Chinese exporters manage the impact of higher U.S.
  • Apple becomes world's first public company worth $1 trillion

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

    Markets

    The tech newswire lit up today with reports claiming Apple merely had to hit $207.05 per share to reach this milestone. Since the iPhone first went public in 2007, Apple shares have grown 1,100 percent. Although the iPhone X launched with weaker-than-expected sales numbers, Apple has turned things around as of late. It's since fallen slightly, but not enough to knock Apple back down into the billions.
  • Apple becomes first United States trillion dollar company

    Apple becomes first United States trillion dollar company

    Markets

    By a year ago, its sales had grown more than 11-fold to $229 billion - the fourth highest in the S&P 500 .SPX - and net income had mushroomed at twice that rate to $48.4 billion, making it the most profitable publicly-listed USA company. Now, it ranks as the ninth most valuable, surpassed by Apple and a list consisting primarily on companies immersed in technology. United States tech companies have cemented their position in the broader market, now making up the top five most valuable ...
  • Tax Free Weekend in Missouri Set for August 3-5

    Tax Free Weekend in Missouri Set for August 3-5

    Markets

    The weekend offers tax exemptions for clothing , accessories, handbags, shoes, bath towels, blankets, bedspreads, school supplies , book-bags, and computers. Tax-free items eligible this year include most clothing and footwear except for things like swim fins, in-line skates, watches (that's jewelry) and umbrellas.
  • RBI hikes repo rate by 25 basis points

    RBI hikes repo rate by 25 basis points

    Markets

    This affects 3.5 million households in the United Kingdom who are on a standard variable or tracker rate mortgage, meaning someone paying a £200,000 mortgage will pay around £300 extra a year - that's £25 more a month. A Bank rate rise does not guarantee the equivalent increase in interest paid to savers . "This base rate increase will have a significant impact on those now on their lender's SVR".
  • China warns USA on higher tariff report

    Markets

    Mr Trump officially asked his top trade representative, Robert Lighthizer , to consider a 25pc tariff on $200bn (£153bn) of Chinese goods in an attempt to pressure Beijing back to the negotiating table . and EU. But David MacNaughton, Canada's ambassador in Washington , told the AP it made sense for the USA and Mexico to negotiate first: "There are a couple of lingering issues between the USA and Mexico" that need to be settled "before we can move on", he said.
  • Apple’s Market Cap Hits $1 Trillion

    Apple’s Market Cap Hits $1 Trillion

    Markets

    Still, the iPhone maker's stock is still up 2.3% on Thursday, and up 31% over the past year. That price translates to a $1 trillion market cap based on the current estimated number of outstanding shares. For context, passing the $1 trillion mark means Apple now has a value greater than the gross domestic product (GDP) of all but 27 major countries, including Argentina, the Netherlands, Sweden and Switzerland, according to the CIA's world fact book .
  • Trump Administration Threatens Even Higher Tariffs On China

    Markets

    Though many different US industries have felt the sting from President Trump's trade dispute with China, Ross argues that American citizens understand the reasoning behind the tariffs. "Unilateral threats and pressure will only be counterproductive". Chinese shares fell yesterday, and so far this year, the Shanghai Composite Index has slumped more than 16 per cent, the world's second-worst performing stock index.
  • Tesla Stock Rallies 13% Despite Reporting a Record Loss

    Tesla Stock Rallies 13% Despite Reporting a Record Loss

    Markets

    Shares of Tesla have risen 11% to $$332.99 in after-hours trading. Tesla had to put some Model 3 production in a tent outside its Fremont facility, but it was necessary at the time to hit that all-important production goal of 5,000 Model 3s per week.
  • Dollar gains as investors prepare for Bank of Japan tweaks

    Dollar gains as investors prepare for Bank of Japan tweaks

    Markets

    In Hong Kong, the Hang Seng fell 150.12 points, or 0.5%, to 28,583.01. "There's a lot of money and speculation piled into the FAANG stocks , and now that money is coming out", said Wayne Kaufman, chief market analyst at Phoenix Financial Services in NY.