Money

The Winklevoss Bitcoin(CURRENCY:BTC) ETF Is Dead

The Winklevoss Bitcoin(CURRENCY:BTC) ETF Is Dead Yesterday, the Bitcoin ETF request on Bats BZX Exchange by Winklevoss brothers was rejected the second time. The SEC rejected an application for the " Winklevoss Bitcoin Trust " a year ago, but the application was resubmitted in June, which included a proposed rule change. [Full Article...]

State revokes approval for Charter-TWC merger

State revokes approval for Charter-TWC merger In addition tonot meeting deadlines, the PSC also said Charter falsely claimed it was meeting and exceeding its commitmentsin advertisements, leading the Commission to file a false advertising claim with the state attorney general's office. [Full Article...]

Trump claims victory with GDP number as trade war looms

Trump claims victory with GDP number as trade war looms That's because, ahead of retaliatory tariffs by China on USA agricultural products, China went on a soybean buying spree. "While Democrats are declaring their desire to take our country back to a time when Main Street businesses were pessimistic about the future, families paid higher taxes, and our global competitors all leaped ahead of us, Republicans are determined to build on this growth to c... [Full Article...]

Facebook shares down more than 18 percent

Facebook shares down more than 18 percent He lost $16.8 billion in extended trading. Zuckerberg woke up as the fourth richest person in the world with an $82.4billion net worth on Wednesday but was in the eighth spot by the end of the day. In the second quarter, Facebook lost roughly 1 million monthly users, and 3 million daily users in Europe. "In the USA and Canada, Facebook's daily active users remained flat sequentially at 185... [Full Article...]

Trump Threatens 'Large Sanctions' On Turkey Over Imprisoned Christian Pastor

Trump Threatens 'Large Sanctions' On Turkey Over Imprisoned Christian Pastor Air Force bases. Brunson was moved after two years in prison, and placed under house arrest . He is on trial for terrorism charges. Trump said Brunson "is suffering greatly". Turkey has shown the political will to improve relations with the United States , he said, calling on Washington to engage in dialogue. " Erdogan has taken command over the economy and he has negative macroeconomic credi... [Full Article...]

Facebook shares fall as user growth slows

Facebook shares fall as user growth slows Analysts attributed the user growth shortfall largely to European privacy rules that went into effect in May. The firm, which is facing backlash for its handling of fake news and privacy, said it had 2.23 billion monthly active users at the end of June. [Full Article...]

Trump calls Republicans 'weak' for not marching in lockstep on trade

Trump calls Republicans 'weak' for not marching in lockstep on trade Are we just going to continue and let our farmers and country get ripped off? Mark Martinson, who raises crops and cattle in north-central North Dakota and is president of the U.S. In interviews with the Herald in China last month, Chinese officials said they were undaunted by Trump's threats to levy increasingly harsh tariffs as high as $500 billion on Chinese goods. [Full Article...]

U.S. announces $12 bn in aid to farmers hurt by trade tariffs

U.S. announces $12 bn in aid to farmers hurt by trade tariffs Sen. Pat Toomey , R-Pa., said the Agriculture Department was "trying to put a Band-aid on a self-inflicted wound". Bob Corker (R-Tenn.) told The Washington Post . The Senate has several key races in agriculture-dependent states like Missouri, North Dakota, and in this November. While Mr. Trump's aggressive trade policies with China have been celebrated by members of both the major political pa... [Full Article...]

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

Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine As for the EC fine, the European Commission charged Google $5.07 billion for breaching EU antitrust rules by imposing restrictions on Android device makers and network operators "to cement its dominant position in general internet search". [Full Article...]

Iran warns of "countermeasures" in volley of threats with Trump

Iran warns of President Donald Trump as "psychological warfare", local media reported. Bagheri said that usa threats against Iran will draw a "strong, unimaginable and regrettable" response from Tehran , according to the IRNA news agency. Following the U.S. withdrawal from the Iran nuclear accord that stunned even Washington's closest European allies, Pompeo on May 21 unveiled a "new strategy" meant to fo... [Full Article...]

Gold slips towards one-year lows as dollar revives

Gold slips towards one-year lows as dollar revives The pan-European FTSEurofirst 300 index lost 0.15 percent, amid rising trade tensions. The US president's charges that China is "manipulating" a currency that's been "dropping like a rock" came at the end of a six-week slide that took it to its lowest level in more than a year against the dollar. [Full Article...]

Tesla seeking cash from suppliers

Tesla seeking cash from suppliers Telsa took another financial hit on Monday, with shares in the company dropping nearly 5% after the electric automaker was reported to have asked some United States suppliers to return payments to the money-losing company. Tesla is spending about $1 billion a quarter as it ramps up manufacturing of the Model 3 sedan, a lower-priced auto that is key to Tesla's plans of becoming a major mass-market... [Full Article...]

Ritz Bits pulled from shelves due to possible salmonella contamination

Ritz Bits pulled from shelves due to possible salmonella contamination Mars Food Canada also stated that there have been no reports of illnesses related to the recalled products. Mondelēz Canada recalled the Christie brand Ritz Bits due to a recall in another country. While not usually life-threatening, the infection can pose serious risks to young children, older adults and people with weak immune systems. Symptoms of salmonella include fever, diarrhea, nausea, v... [Full Article...]

Trump Says He’s ‘Not Happy About’ Feds Raising Interest Rates

Trump Says He’s ‘Not Happy About’ Feds Raising Interest Rates Trump wrote. Higher rates, however, strengthen the dollar against the world's currencies, which makes the United States a more expensive - and potentially less attractive - place to invest. Powell was a governor on the Fed and has largely followed the path the Fed has been on for years, slowly raising interest rates as the economy strengthens, unemployment declines and inflation stirs. [Full Article...]

Salmonella contamination: crackers and chicken nuggets recalled

There have been no complaints of illness reported to Mondelez in connection with the crackers, . Snacks included in the recall include Ritz Bits Cheese Cracker Sandwiches in various packaging, Rits Cheeze Cracker Sandwiches, Ritz Bacon Cracker Sandwiches with Cheese Filling and Ritz Everything Crackers. [Full Article...]

Donald Trump is pissed about the EU's £3.8bn Google fine

Donald Trump is pissed about the EU's £3.8bn Google fine Now, you wouldn't think of the European Union , but they're a foe". It is likely to stoke tensions between Europe and the US, which regulates the tech industry with a lighter hand and has complained that the European Union is singling out American companies for punishment. [Full Article...]

Brexit: Government defeats rebels over Parliamentary scrutiny of trade deals

Brexit: Government defeats rebels over Parliamentary scrutiny of trade deals Boris Johnson watched from the Tory backbenches on his return to the Commons following his resignation as foreign secretary over Brexit. May won votes on a customs and a trade bill in Parliament earlier this week, but suffered an unexpected defeat on a separate amendment , which means her government must now seek continued participation in the European medicines regulatory framework. [Full Article...]

Thai cave rescuer considers suing Elon Musk over deleted 'pedo' tweets

Thai cave rescuer considers suing Elon Musk over deleted 'pedo' tweets If you're already acquainted with Musk and his freaky entanglement with the Thai cave story, you may skip to the end of this report for a fuller accounting of his baseless pedophilia accusations. "He's just a PR stunt merchant - that's all he is", Unsworth said. "Yes, it's not finished", Unsworth told Australian outlet Channel 7 , per BBC News. [Full Article...]

5 things to know about Tesla's China plans

5 things to know about Tesla's China plans The former Tesla employee who was sacked and then sued by the electric vehicle automaker has filed a formal whistleblower tip to the U.S. Securities and Exchange Commission alleging the company has misled investors and put its customers at risk. [Full Article...]

Tesla commits to 500,000-car factory in China as tarrifs kick in

Tesla commits to 500,000-car factory in China as tarrifs kick in China accounted for 17 percent of Tesla's 2017 revenue, according a filing with US regulators. Tesla and Shanghai authorities did not immediately respond to requests for comment. BMW exported about 81,000 cars from a plant in SC to China a year ago, generating about $2.4 billion in sales. Capacity at BMW Brilliance Automotive's (BBA) two production sites will outstrip BMW's US plant in S... [Full Article...]


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