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One-trillion-dollar question finally answered by Apple

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A filing with the SEC yesterday showed Apple had revised its share count at 4,829,926,000 on 20 July, less than the 4,842,917,000 it reported on Tuesday for the end of the June quarter due to share buybacks. Apple hit the $1tn mark on Thursday afternoon when its stock passed $207.05 per share. He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook , which can be crudely summed up as the result of the social network's user-exploiting ... Read More »

Molson announces its developing non-alcoholic drinks infused with cannabis

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Hydropothecary would own the rest. "Canada is breaking new ground in the cannabis sector and, as one of the country's leading beverage companies, Molson Coors Canada has a unique opportunity to participate in this exciting and rapidly expanding consumer segment", says Frederic Landtmeters, President and CEO of Molson Coors Canada. Read More »

$1 Trillion: How Apple Got There First

It became the first $900 billion company exactly nine months ago, on November 3, 2017. Apple on Thursday became the first private-sector company in history to be worth $1 trillion, after its share price reached an all-time high above $207. Read More »

China says fully prepared for United States threats on escalating trade war

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He also has threatened a further round of tariffs on $300 billion of Chinese goods. Robert Lighthizer said Mr Trump directed the increase because China refused to meet U.S. It wants China to stop stealing USA corporate secrets, abandon plans to boost its high-tech industries at America's expense and stop subsidizing Chinese companies with cheap loans that enable them to compete unfairly. Read More »

CBN’s PMI indicates further expansion in economic activities

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The final index for new orders was 50.9, the lowest since October 2016. Yet the index has now held above the 50-mark that separates growth from contraction for 12 straight months, indicating the economy was on a reasonably solid footing and could retain the title of fastest-growing major economy in the coming quarters. Read More »

Apple surges to $1 trillion in market value

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Apple has boasted steadily rising revenues for many years, 2016 being the notable exception, and experts are already anticipating big increases in the company's value. Cook took over as CEO in 2011 after Jobs died of pancreatic cancer. "We returned nearly $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases". Read More »

USA considering higher tariffs on US$ 200 bil. of Chinese goods

The development heightened fears over the risk of a full-blown trade war between the world's two largest economies. China has already warned it would retaliate if the U.S. The tariffs target a range of Chinese imports like dog food, furniture, auto tires, beauty products, and food products, in addition to steel and aluminum. Read More »

Japan's rate decision lifts bonds, shares under tech cloud

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Asian share markets drifted lower on Monday while currencies kept to familiar ranges at the start of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls. Expectations for the upcoming Bank of Japan meeting also pressured yields, analysts said, along with German and Spanish inflation data that remained slightly above the ECB's price stability target in July. Read More »

German firms now HIT by Trump's tariffs on £200BN of China goods

In July it accused the United States of bullying and warned it would hit back. Geng also said that China has "always upheld using dialogue and consultations to handle trade frictions", but that "unilateral threats and pressure will only produce the opposite of the desired result". Read More »

US Fed highlights strong economy, leaves rate unchanged

The Federal Reserve on Wednesday (Aug 1) highlighted the strength of the United States economy and labor markets, a signal confirming interest rate increases are ahead, even as it held its fire for now. The Fed now expects another two rate rises by the end of the year. Policymakers also did not comment on the possible impact of new USA and foreign tariffs amid rising conflict over trade, he said in a report. Read More »

Google's Plan to Launch Censored Search Engine in China Revealed

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Google has not been operative in China since 2010, when it shut down operations in the country over accusations of limiting free speech. In order for it to function there, Google would have to agree to adopt the Chinese government's censorship rules and the company has refused to do that for many years. Read More »

Apple becomes first company to hit $1 trillion market cap

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Apple has successfully reached a market capitalization of $1 trillion following this week's earnings release . An afternoon recap of the day's most important business news, delivered weekdays. Today Apple Inc. surpassed the $1 trillion dollar mark in value, showing once again that it is the dominant force when it comes all the companies out there today. Read More »

OPEC July oil output hits 2018 peak

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Also that day, oil prices fell in tandem with stock markets after the Trump administration slapped tariffs on $200 billion of Chinese goods. A Reuters survey showed oil cartel Opec increased production in July. September WTI fell toward $68.25, the 10-day moving average; however, it failed to move beyond it, posting its fourth consecutive settlement above this average. Read More »

Canadian mom served cleaning solution instead of latte

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Sarah Douglas of Alberta said she was driving to her son's baseball tournament Sunday morning and chose to stop at a McDonald's drive-through. Ms Douglas pulled her vehicle over and immediately spat out the substance. "And she was a little mad that it was occurring again". The restaurant franchisee said in a statement he was sorry for the incident. She told the CBC that when she returned to the restaurant to complain, she was offered a new coffee but responded: "Absolutely not". Read More »

350+ sickened after eating at Powell Chipotle

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The health department said the restaurant is under investigation, according to BusinessInsider, which first reported the incident. Lettuce was not being cooled properly and the beans weren't warm enough. In 2015, Chipotle's business almost dried up after an E.coli outbreak that spanned 11 states, leading the company to undertake a chain-wide safety retraining in early 2016 that closed all 2,000 of its stores for a day. Read More »

Florida’s tax-free weekend to begin this Friday

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This sales tax free weekend has been going on in MS for ten years. Starting Wednesday, the Badger State is having a "sales tax holiday ", meaning certain items are exempt from the state's 5 percent sales tax. It's been advertised as beneficial for back-to-school shopping, but it's more than that. The weekend begins on Friday and goes through Sunday. "It's sounds great politically, but tax experts say it's not sound policy", Davis said. Read More »

Bank of England set to raise rates to highest level since 2009

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Though the monetary policy statement noted that inflation projections for the second quarter have been revised marginally downwards compared to the June statement, several risk factors persist, including volatile crude oil prices and global financial markets, as well as concerns of fiscal slippage by the Centre or States. Read More »

Apple is first public company worth $1 trillion

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The company's stock was at $205.98, up 2.2 percent near 1555 GMT. Its stock surged to its biggest gain in a year and a half today, soaring above the $207.04 value required for Apple to become a trillion dollar firm. Adjusted for splits, Apple's stock price has risen almost 40,000% since its initial public offering in 1980. Twitter's market capitalization is $24B which is just a little more than the Apple buybacks last quarter (they bought back $23B in the 1st quarter and over $43B for the ... Read More »

Frustrated Over China Trade War Progress, Trump Considers Escalation

At the same time, the USA indicated it is open to restarting formal negotiations with China, though Beijing must agree to open its markets to more competition and stop retaliating against U.S. "The U.S. unilaterally exerting pressure on China will get the opposite of what it wants", he said. "We have been very clear about the specific changes China should undertake". Read More »

US Fed holds steady on rates with economy growing 'strong'

Fed Chairman Jerome Powell recently said the economy was in a "really good place" and pledged to continue with gradual increases in borrowing costs in order to maintain the second-longest United States economic expansion on record. Economists scrutinise every word of the Fed's statements for clues about the next move, so the changes could be significant, especially coming amid low unemployment, hefty monthly job gains and surging growth in the second quarter. Read More »

Loans to get costlier as RBI hikes repo rate again

However, the message for interest rates remained one of gradual and limited increases as the central bank saw inflation only a fraction above its 2% target over the next few years. "Even as inflation projections for Q2 have been revised marginally downwards vis-a-vis the June statement, projections for Q3 onwards remain broadly unchanged, RBI said". Read More »

Dixons Carphone says data breach compromised 10 million records

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The breach was uncovered nearly a year later during a data security review, the company claimed. The retailer also revealed that it's now found evidence that some of this data may have left its systems when it was hacked in 2017, meaning people's personal records - including names, addresses and email addresses - could be in the hands of hackers . Read More »

Bank of England raises interest rates to 0.75%

Governor of the Bank of England Mark Carney . One basis point is a hundredth of a percentage point. Tom Stevenson, investment director for personal investing at Fidelity International, argued the Bank had "very little choice but to act today" after raising expectations regarding a rise in the last months. Read More »

United Kingdom auto production hit by Brexit woes

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The concerns have been further exacerbated by figures released last month which show that almost nine in 10 cars built in the United Kingdom last month were earmarked for export - the majority of which were destined for the EU. Much of the industry is owned by foreign companies. The SMMT has consistently called for continued membership of the single market and customs union, saying it can not see any benefit for the industry from Brexit. Read More »

Tyson foods cuts earnings due to tarrifs, sluggish demand

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Tyson Foods's revenue for the quarter was up 7.6% compared to the same quarter previous year. The stock showed -20.72% performance during last 6-months. Short Ratio of stock is 3.25. Finally, Wells Fargo & Company MN raised its holdings in shares of Tyson Foods by 22.6% in the first quarter. Several research analysts recently issued reports on the stock. Read More »

Home, auto loans to cost more, banks hike rates before RBI

The BoE said Britain's economy, while growing more slowly than in the past ahead of Britain's departure from the European Union next year, was operating at nearly its "speed limit", or full capacity, raising the prospect of more home-grown inflation pressure ahead. Read More »

Huawei overtakes Apple to become the world’s second-largest smartphone maker

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Not only that, but Counterpoint reports that during the second quarter of this year OnePlus shipped more premium phones than Samsung for the first time in its history. That said, "the continued growth of Huawei is impressive, to say the least, as is its ability to move into markets where, until recently, the brand was largely unknown", he added. Read More »

Durex recall two types of condoms over fears that they may 'burst'

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The spokesperson added: "There is no immediate safety concern for consumers and only a limited number of batches are affected". "Working closely with the relevant..." The condom company's six, 12 and 18-packs of "Reel Feel" and latex-free condoms failed the tests as they near their use-by dates. Read More »

Secret TSA ‘Quiet Skies’ Surveillance Program Slammed For Tracking Ordinary Travelers

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In a TSA bulletin from March 2018, the program's goal was defined as an effort to thwart threats to commercial aircraft "posed by unknown or partially known terrorists". TSA spokesman Michael Bilello saidthe program targets both United States and non-US citizens on domestic and global flights, and added that airlines had been briefed on the use of Federal Air Marshals to monitor suspicious passengers. Read More »

Donald Trump administration adds to China trade pressure with higher tariff plan

In the coming weeks, the USTR will analyze the president's proposal and will open a public consultation period in late August so that USA companies can offer their opinions on the measure. At the same time, representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to people who spoke about the deliberations on condition of anonymity. Read More »

RBI increases key rate to 6.5% on inflation worries

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But if your bank hikes its interest rate by 25 bps to pass on the burden of the repo rate hike, at 8.65 per cent interest rate your EMI will go up by Rs 317 to Rs 17547. The decision by the 6-member MPC, headed by RBI Governor Urjit Patel , comes amid elevated oil prices and inflation hovering around 5%. At such a time, the hike in minimum support prices (MSPs) for kharif crops will only worsen this upward pressure on rural inflation. Read More »