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Markets

It also offered a better-than-expected forecast for its operating profit for the third quarter. Revenue: $52.88 billion. Analysts were looking for $53.35 billion. "Although advertising is smaller in global segment than it is in North America, it's growing at a same rapid clip year-over-year", said Olsavsky. Amazon uses that fee to help pay for the growing cost of shipping packages, as well as the cost of building out members-only digital offerings like original films, television shows ...
  • Trump and Top European Leader Agree to Work Toward Zero Tariffs

    Trump and Top European Leader Agree to Work Toward Zero Tariffs

    Markets

    The USDA will instead draw on funds from the Commodity Credit Corporation. That hits demand and brings down prices, cutting into farmers' business. Ryan said he understands Trump is seeking "a better deal for Americans" but added the USA should instead "work together to reduce trade barriers and trade restrictions between our countries".
  • [WATCH LIVE] China's Xi Jinping calls for rejection of global trade war

    [WATCH LIVE] China's Xi Jinping calls for rejection of global trade war

    Markets

    South African President Cyril Ramaphosa called for thorough discussions at the summit on the role of trade in promoting sustainable development and inclusive growth. "China is the most important trade country in this coalition and is likely to offset the negative impact from greater USA protectionism through increased domestic stimulus", said Madhur Jha, head of thematic research at Standard Chartered Bank.
  • Fiat Chrysler CEO Sergio Marchionne Falls Ill, Mike Manley Named Successor

    Markets

    In 2009, he presided over Fiat's merger with Chrysler , which was then the number three carmaker in the US. In the clubbish world of Italian business, where change often happens slowly and chief executives bend to the prevailing political wind, Marchionne stood out as an exception, taking on trade unions and rowing publicly with politicians.
  • Certain Goldfish Crackers recalled due to salmonella risk

    Certain Goldfish Crackers recalled due to salmonella risk

    Markets

    No other Pepperidge Farm products sold domestically are subject to the recall. The United States Department of Agriculture's Food Safety and Inspection Service issued a public health alert Friday for foods that contain whey powder. Salmonella has been known to occur in raw milk. But unfortunately, salmonella can also travel very, very easily and can contaminate nearly any kind of food.
  • Jackpot for tonight’s Mega Millions drawing reaches $433 million

    Jackpot for tonight’s Mega Millions drawing reaches $433 million

    Markets

    This jackpot is the highest it's been since March 30 when someone in New Jersey won $521 million. The last jackpot - $142 million - was won on May 4. Since then, more than 14 million winning tickets, at all prize levels, have been sold. Those looking to play Mega Millions have to get their $2 tickets before 10 p.m., according to the statement.
  • Alphabet's Q2 profit triggers rally, despite $5.1B European Union fine

    Alphabet's Q2 profit triggers rally, despite $5.1B European Union fine

    Markets

    Shares of Google parent Alphabet soared to all-time highs Monday evening, after the company posted a surge in ad revenue that partially made up for a record-breaking $ 5 billion fine from the EU. Alphabet has one of the highest capex levels among American companies, topping Apple (AAPL), which spent $7 billion in the first six months of its fiscal year ending September 30, and Amazon , which spent $12.9 billion during the 12 months ended March 31.
  • Trump tweets tariffs ‘are the greatest’ and threatens additional levies

    Trump tweets tariffs ‘are the greatest’ and threatens additional levies

    Markets

    American Farm Bureau Federation President Zippy Duvall welcomed the aid, saying it "should help many of our farmers and ranchers weather the rough road ahead and assist in their dealings with their financial institutions". "People are concerned that this does not hang together as a strategy - his tweets notwithstanding - and what he came out with [Tuesday] is, in my view, just an undisguised attempt to silence some of those critics by allocating US$ 12 billion to the farm sector".
  • Mega Millions jackpot up to $522 million

    Mega Millions jackpot up to $522 million

    Markets

    Mega Millions' overall odds are 1 in 24. Individual lottery tickets cost $2 and can be purchased up until 7:45 p.m. Meanwhile, five Georgians have won $10,000 each since Friday's drawing with two of them in metro Atlanta. Twenty-two jackpots have been won in the month of July since the game began in 2002, including the largest prize ever won on a single Mega Millions ticket - an in family won $536 million on July 8, 2016.
  • USA to give farmers $12bn trade war bailout

    USA to give farmers $12bn trade war bailout

    Markets

    The Agriculture Department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. In 1971, President Richard Nixon imposed a 10 per cent import tax for four months to pressure Japan and European countries to drive up the value of their currencies.
  • China Rejects Donald Trump's Accusations Of Currency Manipulation

    China Rejects Donald Trump's Accusations Of Currency Manipulation

    Markets

    The spread between 10-year Chinese and U.S. Treasuries has narrowed sharply, touching 19-month lows on Thursday. At a weekend meeting in Buenos Aires, finance ministers and central bank governors from the world's 20 largest economies called for stepped-up dialogue to prevent trade and geopolitical tensions from hurting growth.
  • Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

    Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

    Markets

    Key to this, the firm saw its traffic acquisition costs fall for the first time in three years. Built on the strength of its advertising empire, Google saw surprisingly strong growth. "We do not believe the fine (if ultimately paid) would have a material effect on Alphabet's business or its liquidity", Goldman Sachs analyst Heath Terry said in a note.
  • Tesla Asks Suppliers for Cash to Stay Afloat

    Tesla Asks Suppliers for Cash to Stay Afloat

    Markets

    The company reportedly asked suppliers to return a "meaningful amount of money" from the companies payments since 2016. Tesla is spending about $1.47 billion a quarter as it ramps up manufacturing of the Model 3 sedan, a lower-priced vehicle that is key to Tesla's plans of becoming a major mass-market automaker.
  • United States stocks dip as Trump talks of more tariffs on China

    United States stocks dip as Trump talks of more tariffs on China

    Markets

    USA stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. Nine of the top 10 soybean-growing states in the USA voted for Trump , it highlights. The administration says it wants China to end the theft of intellectual property from USA companies and curb policies that require American and other foreign businesses to hand over technology in exchange for access to the Chinese market.
  • Facebook suspends Boston analytics firm over data usage

    Facebook suspends Boston analytics firm over data usage

    Markets

    The Journal cited documents which said that Crimson Hexagon worked with a Russian non-profit, the Civil Society Development Foundation, that had Kremlin ties and used the data to study the Russian people's opinion of the regime of President Vladimir Putin.
  • Trump says Russian Federation to

    Trump says Russian Federation to "help with North Korea" nuclear jam

    Markets

    According to Yonhap, the official South Korean news agency, the two mixed doubles teams of Choe Il ( North Korea )-Yoo Eun-chong (South Korea) and Jang Woo-jin (South Korea)-Cha Hyo-sim (North Korea) qualified for the last-16 of the International Table Tennis Federation (ITTF) World Tour event.
  • Trump heightens tariff threat in trade war with China

    Trump heightens tariff threat in trade war with China

    Markets

    Speaking about Fed policy in his interview with CNBC, Trump said he is "letting them do what they feel is best". Trump said he's willing to hit all imported goods from China with tariffs, sending USA markets sliding before the opening bell, Friday , July 20.