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Tesla Misses on Bottom Line but Forecasts Profits in Second Half

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Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. Read More »

Billionaire Day to rescue struggling House of Fraser?

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House of Fraser , which employs around 17,000 people, has said it is speaking to other potential investors about a rescue plan for the business. Earlier this year, House of Fraser became the latest in a line of retailers to launch a CVA, with plans to shutter 31 of its 59 stores, including its Oxford Street branch. Read More »

Conor McGregor returning to the UFC in October for lightweight title bout

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As expected, McGregor's opponent will be none other than UFC Lightweight champion, Khabib Nurmagomedov . After a two-year hiatus from the sport, the former UFC lightweight and featherweight champion will return to the Octagon to face current lightweight champion Khabib Nurmagomedov at UFC 229 at the T-Mobile Arena in Las Vegas. Read More »

Portugal breaks temperature records amid heatwave

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Wheat fields have been devastated across northern Europe , driving up prices. Large areas of Portugal are on red alert for heat, including the capital, Lisbon. People cool themselves at the Trocadero Fountain in front of the Eiffel Tower in Paris, July 27, 2018, as a heatwave continues across northern Europe. Read More »

China unveils additional retaliatory tariffs on $60bn of United States goods

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Trump has accused China of stealing US intellectual property, manipulating its own currency and taking other steps that give its firms an unfair competitive advantage over USA companies. That reflected American frustration that Beijing retaliated by raising its own duties on USA imports in response to tariff hikes on Chinese goods over complaints the communist government steals or pressures companies to hand over technology. Read More »

China threatens to impose retaliatory tariffs on USA natural gas

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China has threatened to slap import tax on about $60 billion of USA imports, with tax rates ranging from 5 to 25 percent, the country's commerce ministry said on Friday, calling the proposed tariff "rational and restrained". Washington and Beijing are locked in a battle over American accusations that China's export economy benefits from unfair policies and subsidies, as well as theft of American technological know-how. Read More »

Apple is the world's first trillion dollar company

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Apple has become the world's first publicly traded company to be valued at $1 trillion. Heck, Amazon .com ( AMZN , $877 billion), Google parent Alphabet ( GOOGL , $852 billion) and Microsoft ( MSFT , $825 billion) aren't all that far behind the vaunted trillion-dollar level. Read More »

Molson Coors To Sell Cannabis Drinks In Canada

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Molson Coors will control 57.5 per cent of the unnamed venture, the company said in a news release. The joint venture will be set up as a start-up company with both its own board of directors and an independent management team. In a memo following the announcement, Cowen and Company analyst Vivien Azer called Molson Coors' entry into the cannabis market encouraging due to her "view that cannabis and alcohol are substitute social lubricants". Read More »

Apple CEO calls $1 trillion value a 'milestone' but not a focus

Neowin mentioned a few days ago that Apple was likely to pass the $1 trillion threshold thanks to the huge $53.3 billion in revenues it made in the last quarter . PetroChina once had a $1 trillion valuation, but only briefly, and most of its shares were owned by the Chinese government. Apple's best Q3 results ever were driven by strong sales of iPhones as well as a massive increase in revenue it gets for its services. Read More »

Turkey demands USA reverse sanctions over pastor Andrew Brunson

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After reports that the U.S. would sanction individuals over the case, the lira hit a record low of 5.01 against the dollar, before rallying slightly to 4.9. He was also charged with supporting outlawed Kurdish PKK militants. Pompeo's trip began with a meeting Friday with Malaysia's newly elected leader, trying to promote USA -style development led by private-sector investment at a time when the government is reconsidering Chinese-financed projects favored by the previous ruling coalition. Read More »

China warns of retaliation if US takes more trade steps

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China and the US have raised tariffs on billions of dollars of each other's goods over complaints Beijing steals or pressures foreign companies to hand over technology. Beijing immediately imposed retaliatory levies in the same amount on United States imports. The US is also simultaneously stepping up the heat against China on a separate front by forming a coalition of the US, the European Union, Japan, and several other countries of the global north at the World Trade Organization (WTO). Read More »

China’s Caixin Manufacturing PMI eases to 50.8 in July, 8-month lows

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The PMI for the manufacturing sector remained above 51 for five consecutive months while that for the non-manufacturing sector maintained at or above 54 for 11 months in a row. The composite PMI for the non-manufacturing sector is computed from four diffusion indices, namely: business activity, level of new orders, employment level and raw materials inventory , with equal weights of 25% each. Read More »

Apple Makes History As The World's First $1 Trillion Company

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According to the company, global sales accounted for 60 percent of the revenue. That put Apple on a path to overtake Exxon Mobil in 2011 as the largest US company by market value. "We returned nearly $25 billion to investors through our capital return programme during the quarter, including $20 billion in share repurchases". On Thursday, Amazon's market capitalization was around $874 billion. Read More »

Trade threats unnerve global markets

The tariffs could go into effect within the next few months . China roared back at the latest USA tariff threat Thursday, vowing to retaliate if the us presses forward with plans to put 25 percent tariffs on additional $200 billion of Chinese imports. Read More »

Bank of Japan Shift Propels Biggest Bond-Yield Jump in Two Years

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The benchmark 10-year JGB yield fell 4 basis points to 0.060 percent. "Speculation and perhaps fear prior to the BOJ decision was that policy tweaks could include allowing interest rates to go higher". In commodities, USA crude fell 35 cents to $69.78 a barrel after a sharp rally overnight while Brent fell 36 cents to $74.61. Analysts said the euro rebounded largely because traders felt it had been oversold last week. Read More »

Federal Reserve goes strong on United States economy

Economic activity has been "rising at a strong rate", and unemployment "has stayed low", the Federal Open Market Committee said on Wednesday in a statement released in Washington . The Federal Reserve on Wednesday (Aug 1) highlighted the strength of the U.S. economy and labor markets, a signal confirming interest rate increases are ahead, even as it held its fire for now. Read More »

Google plans return to China search market with censored app

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Google is reportedly developing an Android app that will bring its search services back to China, with heavily restrictions on access to content that is deemed unfavourable by the ruling party. Google had cried foul over what it said were cyber attacks aimed at its source code and the Gmail accounts of Chinese human rights activists. The censorship would be embedded in image searches, spell check and even suggested searches. Read More »

Apple is the first $1 trillion company in history

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Last year, sales had risen to $229bn and profits to $48.4bn, making it the most profitable public-listed United States company. Apple reached one trillion dollars 42 years after it was founded. October 2011: Jobs, 56, dies after battling pancreatic cancer, having turned over command of Apple to Tim Cook earlier in the year. After launching the iPhone - arguably its most famous product - in 2007, Apple now churns out over 40 million of the devices every quarter , helping it rake in ... Read More »

Oil markets still pressured by persistent risk of oversupply

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Money managers boosted their net-long position-the difference between bets on rising prices and wagers on a decline-in Brent crude by 4.1 per cent after cutting them the most since 2016 a week earlier. "There's been this rush to put more oil on the market by the Saudis and Russian Federation, so I think in the near term, it's a negative because we haven't lost any of the Iranian barrels yet", Kilduff said. Read More »

Hundreds Reportedly Get Sick At Ohio Chipotle, Restaurant Closes

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It was mid-July past year when more than 130 customers reporting falling ill from norovirus-like symptoms at a Sterling, Virginia, Chipotle . In Ohio , the local health department tells Business Insider that it received illness reports from seven customers on Sunday and Monday , and that Chipotle told health officials it received four to five complaints from customers. Read More »

Bank of England hikes interest rates

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The central bank maintained its neutral monetary policy stance with the objective of containing inflation at 4 per cent within a band of 2 per cent, while supporting growth. On the RBI's concern over the core inflation that is around 6 per cent, the RBI Governor said that the central bank's "mandate is to target the headline". Read More »

Apple becomes world's 1st trillion-dollar company

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Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday. 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 . Read More »

China Says U.S. Trade Pressure Won’t Work

The administration had previously imposed 25 percent tariffs on $34 billion worth of Chinese goods on July 6 over similar concerns that Beijing was stealing or pressuring companies to hand over technology. The government will seek public comment on the idea. His statement comes after separate reports said the two sides were looking to restart talks to avert a trade war between the world's top two economies that could hammer global growth. Read More »

How Google reversed its course on opposition to censorship in China

Google's latest search engine in China is being developed as an Android mobile app, and will screen out sites banned by government censors, such as Wikipedia and BBC News, according to the Intercept report. Most of its services are blocked, including Gmail and the Google Play app store. In the company's absence, Baidu Inc has strengthened its grip on search in China while Microsoft's Bing operates in the country by censoring subjects and words. Read More »

Dixons Carphone hikes to 10-million clients’ personal data accessed by hackers

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Andy Norton, director of threat intelligence at Lastline, said: "Card Not Present Fraud cost the United Kingdom over £200 million a year ago, and chip and pin security doesn't help with this type of fraud". " We are extremely disappointed and sorry for any upset this may cause ". The retailer has brought in cyber security experts and added extra security measures to its systems. Read More »

Shares of Tyson Fell Over 7% Following Profit Outlook Cut

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Tyson Foods traded down $0.15, reaching $63.56, during midday trading on Friday , according to Marketbeat . Tyson shares fell by over 7.5% on Monday to a new low of 52 weeks after the company announced it was cutting its guidance for the full-year on worries over trade tensions related to the tariffs imposed by the White House administration and a commodities market that remains turbulent. Read More »

Will the ongoing rate hike cycle be a shallow one?

While Repo rate is the rate at which the central bank lends money to the banks, the reverse repo rate is the rate at which banks lend money to the RBI. Ahead of the three-day meet, which started on Monday in Mumbai , experts were divided in their opinion if the RBI would hike the key rates. GDP growth is expected to rise to 1.8 per cent in 2019, above the 1.7 per cent expected in May. Read More »

2 smartphone seller, gains ground in China

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Over the past several years, Samsung and Apple have been dominating the world's smartphone market. It shipped 153 million mobiles previous year, with its P20 and P20 Pro handsets popular. It continues to lead the China smartphone market with a record-high market share of 27.0% in 2Q18. He explains that Huawei's P20 Pro is the first flagship smartphone model to be equipped with triple cameras, beating competitors to market. Read More »

Split concerns force Durex to recall some condoms in UK…

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They can do this by looking at the batch number on the bottom of the pack and on the foil wrapping of individual condoms. All the condoms were made this year and are on sale in the United Kingdom - they have an expiry date of between December 2020 and February 2021. Read More »

Trump Raises Proposed Chinese Tariffs to 25%

In early July, the US government imposed 25-percent tariffs on an initial $34 billion of Chinese imports . The latest on the on-going trade war bewteen Washington and Beijing. The source said the Trump administration could announce the tougher proposal as early as Wednesday. Investors fear an escalating trade war between Washington and Beijing could hit global growth, and prominent U.S. Read More »

Nothing neutral about August policy of Reserve Bank of India

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The reverse repo rate was also raised by 25 basis points, to 6.25 per cent. "The RBI did not change its policy stance in June due to the various uncertainties they faced and the degree of uncertainty has gone up considerably compared to the last policy, so they would continue to retain the neutral stance", she said. Read More »

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

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The greenback had pared some of its gains about two hours after the decision, trading 0.2 percent higher at 111.30 yen. Japan's benchmark 10-year yield, which the central bank will now allow to trade as much as 0.2 percent above or below its zero percent target, sank four basis points to 0.062 percent. Read More »

Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment

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Under the sanctions to be imposed by the Treasury Department, any property, or interest in property, belonging to Justice Minister Abdulhamit Gul or Interior Minister Suleyman Soylu within USA jurisdiction would be blocked. " President Trump has made it abundantly clear that the United States expects Turkey to release him immediately". If found guilty, Brunson faces up to 15 years in prison for committing crimes on behalf of terrorist groups without being a member, and up to 20 years for ... Read More »

Iran arming Houthis, confirms United Nations panel

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Yemen's Houthi Ansarullah movement has unilaterally suspended its retaliatory attacks in the Red Sea, from where Saudi-led warships have been targeting the war-torn state, especially its strategic port city of Hudaydah. Impoverished Yemen has remained wracked by violence since 2014, when the Shia Houthis overran much of the country, including the capital, Sanaa, forcing the country's pro-Saudi government to take up residence in Aden. Read More »

RBI monetary policy: Repo rate hiked by 25 bps

It may be noted that the central bank raised repo rate by 25 bps to 6.25 per cent in June, marking the first hike by the MPC in the last four years. Ravindra H Dholakia voted against the decision. Given the increase in crude prices and higher inflation expectations, Valecha sees one or two more rate hikes by the RBI this year. Read More »

JLR slips to £264 million pre-tax loss

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For the three months to June, Jaguar Land Rover made a £264m pre-tax loss, compared to a £595m profit last time round. Towards this, we will step up all round execution. Revenues for JLR for Q1 stood at 5.2 billion Pounds, a decline of 6.7 per cent as compared to the same period previous year. Earnings before interest, tax and depreciation (EBITDA) were 325 million Pounds (6.2 per cent margin). Read More »

Uber Ends Development of Self-Driving Trucks For Now

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An Uber logo is seen on a vehicle as it auto drives through Times Square in New York City, New York, US Friday. In this photo from 2016, an Otto engineer sits behind the steering wheel of a self-driving, big-rig truck during a demonstration in San Francisco. Read More »

How did OnePlus just beat Apple and Samsung?

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According to IHS and Strategy Analytics , Huawei grabbed more than 15 percent of the global smartphone market over April-June, overtaking Apple's roughly 12 percent and just behind Samsung Electronics Co Ltd's almost 20 percent share. Read More »

Apple beats earnings estimates as iPhone sales climb

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The trajectory puts Apple well on its inevitable path to becoming the first $1 trillion company in market value this year. Propelled by the rise of Apple Music and app subscriptions, services have quickly become a major revenue contributor for the company. Read More »

MoviePass is raising prices, restricting access to blockbuster films

MoviePass has shown that many moviegoers will make time to hit theaters when movies are affordable, despite more convenient options such as Netflix and video on demand. News about MoviePass didn't get any better this week. Subscribers have balked at what they see as a bait-and-switch, but MoviePass explains it as preferable to the alternative, which would be to raise subscription prices across the board. Read More »