Business


McDonalds celebrates Big Mac's 50th anniversary by launching a new coin McDonalds celebrates Big Mac's 50th anniversary by launching a new coin
- July 30, 2018

Starting at the lunch rush on Thursday, customers can receive a MacCoin with the purchase of a Big Mac at 14,000 participating restaurants across the United States, McDonald's announced Sunday. No matter where they live in the world, Big Mac fans recognize the two all-beef patties, special sauce, lettuce, cheese, pickles and onions on a sesame seed bun as the iconic burger with a flavor combination that's just as craveable and delicious as the day it was introduced. (more...)
Musk offers US$1,500 surfboard for those bored with flame-thrower Musk offers US$1,500 surfboard for those bored with flame-thrower
- July 30, 2018

With a Tesla logo on the top and bottom of its carbon fibre body, the surfboard was created by the company's design studio in collaboration with Lost Surfboards and Matt "Mayhem" Biolos, surfboard shaper for World Surf League Championship athletes. (more...)
Homeless web designer lands 200 job offers via viral tweet Homeless web designer lands 200 job offers via viral tweet
- July 30, 2018

After sleeping on a park bench in Mountain View, California , Casarez made a decision to wear his best shirt and tie Friday morning and begin begging - for a job. Which is exactly what Scofield said she thought to herself, "If I were in that position, I would want someone to help me". "I knew it would be posted on social media". (more...)
'Terrible mistake' - Hunt misidentifies wife as Japanese rather than Chinese 'Terrible mistake' - Hunt misidentifies wife as Japanese rather than Chinese
- July 30, 2018

Foreign Secretary Jeremy Hunt, on his first official visit to China, quickly acknowledged the "terrible" error. Relations between Japan and China have been strained for years, with bitter territorial disputes over islands in the East China Sea and long-running grievances dating back to World War II a factor. (more...)
France sounds cautious note after crunch European Union talks with US France sounds cautious note after crunch European Union talks with US
- July 30, 2018

The EU, on the other hand, imported roughly 5.3 million tons of soybeans from the US previous year. Meanwhile, Trump on Wednesday touted a promise by European Commission President Jean-Claude Juncker to increase soybean imports, though analysts noted the EU was already expected to boost its purchases of US soybeans as China shifted its purchases to Brazil, leaving the U.S.at a substantial discount. (more...)
How major United States stock indexes fared Friday How major United States stock indexes fared Friday
- July 30, 2018

US stocks fell on Friday as technology shares were dragged lower by disappointing results from Intel and Twitter , although a jump in Amazon after strong earnings helped curb losses. Both Facebook and Visa are scheduled to report results after the bell. United States planemaker Boeing posted earnings per share of $3.33 and revenue of $24.3 billion, both topping Wall Street's estimates. (more...)
Consumer Products - Chipotle Shares Rise on Robust Earnings Consumer Products - Chipotle Shares Rise on Robust Earnings
- July 30, 2018

The burrito chain said that a huge part of its growth was due to the 34 new restaurants that it opened during the quarter, making its total number of locations at 2,467. For the last period, the company reported quarter over quarter EPS growth of 33.90% and quarter over quarter sales growth of 7.40%. (NYSE:CMG) were released by: Benzinga.com and their article: "Tuesday Is An Analyst Ratings Bonanza" published on July 10, 2018 as well as Seekingalpha.com's news article titled: "Digging ... (more...)
Mnuchin reiterates agriculture was part of US-EU trade talks Mnuchin reiterates agriculture was part of US-EU trade talks
- July 30, 2018

He also said the kiss with Trump was the first of its kind. While we are working on this, we will not go against the spirit of this agreement, unless either party terminates the negotiations. President Trump never said he wanted to get out of it. Soybeans exported to the European Union do not face tariffs. Trump has also imposed tariffs on $34 billion of Chinese imports - a figure he has threatened to raise to $500 billion - in a dispute over Beijing's aggressive drive to supplant US ... (more...)
Disney Buys Fox in Historic $71.3 Billion Deal Disney Buys Fox in Historic $71.3 Billion Deal
- July 30, 2018

In June, Comcast submitted a $65 billion all-cash offer to Fox , outbidding Disney's original $52.4 billion proposal from December 2017. "We're incredibly pleased that shareholders of both companies have granted approval for us to move forward, and are confident in our ability to create significant long-term value through this acquisition of Fox's premier assets", Disney CEO Bob Iger agreed in the same statement . (more...)
Bird Scooters tries to rally support in Milwaukee Bird Scooters tries to rally support in Milwaukee
- July 30, 2018

Louis by rolling out electric scooters on the city streets. The devices have popped up on sidewalks and street corners, and their riders have been involved in several traffic collisions in Beverly Hills, officials said. Portland launched an electric scooter pilot program Thursday and celebrated with a free helmet giveaway in Pioneer Courthouse Square. The pilot, which begins September 17, was framed as a fact-finding mission to help the city craft longer-term regulations. (more...)
Facebook sued after stock plunge 'shocked' market Facebook sued after stock plunge 'shocked' market
- July 30, 2018

The stock initially dropped by 9 percent on Wednesday night due to a slow decrease in revenue recently. "Over the next several years, we would anticipate that our operating margins will trend towards the mid-30s on a percentage basis", Wehner said on a conference call with analysts. (more...)
Auto nations mull meeting without U.S. to discuss threat of tariffs Auto nations mull meeting without U.S. to discuss threat of tariffs
- July 30, 2018

In the U.S. on Wednesday, Mr Trump and Mr Juncker announced their plan to defuse a festering trade row, that in effect saw Washington back off a threat of auto tariffs against Europe, at least for now. The U.S. and European Union will work together to reform the World Trade Organization, Trump said. One of the biggest targets of the China tariffs have been farmers; for instance, Beijing is the biggest buyer of US soybeans, importing more than $12.4 billion worth of the oil seed in 2017, ... (more...)
Intel data centre business falls amid AMD threat Intel data centre business falls amid AMD threat
- July 30, 2018

Intel achieved revenue growth in every business segment last quarter, which notably included a 6 percent bump in its PC-centric business driven by its gaming and commercial products. Under Krzanich's leadership, Intel also tried to spread its bets. Revenue in the current period will be about US$18.1 billion, plus or minus US$500 million, the company said in a statement Thursday. (more...)
Love Island makes ‘outstanding contribution’ to ITV revenue growth - Ireland Love Island makes ‘outstanding contribution’ to ITV revenue growth - Ireland
- July 29, 2018

The advertising world itself is of course changing, with the likes of Facebook and Google eating the lunch of more traditional media outlets like ITV . It estimates "strong double-digit" online revenue growth and "good organic revenue growth" in ITV Studios for the year. It has also split out direct-to-consumer (D2C) revenues to reflect strategic priorities going forward. (more...)
WHAT THE CRYSTAL BALL GAZERS ADVISE? - The Coca-Cola Company, (NYSE: KO) WHAT THE CRYSTAL BALL GAZERS ADVISE? - The Coca-Cola Company, (NYSE: KO)
- July 29, 2018

The RSI most typically used on a 14-day timeframe, measured on a scale from 0-100, with high and low levels marked at between 70 and 30, respectively. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Corporate insiders own 1.48% of the company's stock. (more...)
BP scoops up BHP Billiton shale oil assets in Louisiana BP scoops up BHP Billiton shale oil assets in Louisiana
- July 29, 2018

The all-cash deal will be paid in two installments: half on completion of the agreement and half spread out in six equal monthly payments after the deal is completed. A year later, BHP Billiton spokeswoman Kara McCulloch told Talk Business & Politics that the Australian mining and energy conglomerate's current budget in the Fayetteville Shale was "nominal", with no operating rigs in sight and less than 100 employees supporting the company's operations in the Arkansas natural gas play. (more...)
China pulls approval for Facebook's planned venture China pulls approval for Facebook's planned venture
- July 29, 2018

Facebook's social network has been blocked in China since 2009, leading the Menlo Park, California-based company to pursue other initiatives to gain a foothold. Apparently the regulatory was miffed that it hadn't been closely consulted in the entire episode. "I don't think it means anything new for USA tech firms trying to enter China", he said. (more...)
Mexico to demand new labour standards for foreign firms: Marcelo Ebrard Mexico to demand new labour standards for foreign firms: Marcelo Ebrard
- July 29, 2018

Mexico's designated foreign minister , Marcelo Ebrard , also said he wanted to stick to the three party negotiations. Mexican officials went out of their way on Thursday July 26, to tell their Canadian counterparts not to read anything into the fact that their trade negotiators and the Americans are meeting bilaterally in Washington on Friday - that the new government in Mexico City isn't planning to cut a separate deal with the US outside of NAFTA. (more...)
Spirit flight bound for Fort Lauderdale diverted after several passengers fall ill Spirit flight bound for Fort Lauderdale diverted after several passengers fall ill
- July 29, 2018

Spirit Airlines said Flight 779 left LaGuardia in New York City around 8:30 p.m. Thursday headed to Fort Lauderdale, Florida, but was diverted to Myrtle Beach around 10 p.m. CBS Miami talked to another passenger who described the smell more like smoke. Myrtle Beach Fire Department Lt. "The plane is all clear". Christian Sliker later said no hazardous substances were found on the aircraft. (more...)
MS tax free weekend starts on Friday, July 27 MS tax free weekend starts on Friday, July 27
- July 29, 2018

Clothing does not include watches, watchbands, jewelry, umbrellas, or handkerchiefs. Here's an example provided by the Department of Finance and Administration: a person buys two shirts for $50 each, a pair of jeans for $75 and a pair of shoes for $125. (more...)
Trump administration announces $12 billion plan to help farmers impacted by tariffs Trump administration announces $12 billion plan to help farmers impacted by tariffs
- July 29, 2018

President Donald Trump proved himself once again as a "man of action" in a "town of talk" by gaining major trade concessions on Wednesday with European Commission President Jean-Claude Juncker, according to Kellyanne Conway. After a brief trade spat, Trump touted his deal to make deal on free trade with the Bloc. Juncker said that an European Union intent to buy more soybeans helped to convince Trump to call a truce on the tit-for-tat trade dispute. (more...)
Trump suggests cutting all tariffs ahead of key meeting with EU Trump suggests cutting all tariffs ahead of key meeting with EU
- July 29, 2018

Trade Representative Robert Lighthizer, a veteran of trade negotiations from former President Ronald Reagan's administration in the 1980s who is Trump's top trade official, told lawmakers in Washington that the United States could not afford to capitulate to China economically. (more...)
McDonald's employee slams woman who threw milkshake McDonald's employee slams woman who threw milkshake
- July 29, 2018

She then strikes the worker with a metal tray. Footage captured and shared by customer Marie Dayag shows the diner and employee trading barbs from across the room before a chip is thrown over the counter. 'I wasn't even going to hit her. But she appears to realize she has been beaten, and instead hurls half-hearted insults at the servers as they return to work. (more...)
Saudi Red Sea oil shipments halted after Houthi attack
- July 28, 2018

This route connects with west of Saudi Arabia, transmitting oil to Yanbu, a port city on the Red Sea coast of western Saudi Arabia, thus diverting the shipping from Bab al-Mandeb and ensuring that Saudi crude reaches European markets. The Bab al-Mandeb Strait, where the Red Sea meets the Gulf of Aden in the Arabian Sea, is only 20 km (12 miles) wide, making hundreds of ships potentially an easy target. (more...)
Facebook shares plunge, erase $120B of market value Facebook shares plunge, erase $120B of market value
- July 28, 2018

World stock markets mostly rose Friday as investors shrugged off Facebook's almost $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a US company. Brian Sheehan, a Syracuse University professor of communication and advertising, said the weak forecast "made investors nervous about more basic long-term issues" with the huge social network, notably its diminished appeal to younger users. (more...)
Disneyland agrees to pay its workers $15 an hour Disneyland agrees to pay its workers $15 an hour
- July 28, 2018

Soooooooo PROUD of all of the courageous @Disneyland workers who put their jobs on the line to fight for this. @fightfor15 - unions - and so many leaders fought for this. That minimum will increase again, to $15.45 an hour, in June 2020. Disneyland President Josh D'Amaro says in a statement that the resort is paying workers $15 an hour three years ahead of a new California law requiring workers be paid that amount. (more...)
China Is Losing the Trade War With Trump China Is Losing the Trade War With Trump
- July 28, 2018

The official stressed on Thursday that Trump retained the power to implement tariffs on cars if needed and said there was no deadline for the completion of talks. He said the administration is now focused on resolving the steel and aluminum tariffs. "We have an outline: the first phase of that as we've said is to deal with the steel and aluminum tariffs, the reciprocal tariffs, will be part one", explained the treasury secretary. (more...)
Facebook's value falls $148 billion after Q2 earnings call Facebook's value falls $148 billion after Q2 earnings call
- July 28, 2018

The plunge followed Facebook's warning late Wednesday that its revenue growth will slow down significantly for at least the remainder of the year and that expenses will continue to skyrocket. Facebook revenue is still growing at a rate double that of Twitter . The social media company has contended for years with criticism about its content policies, its failure to safeguard private data and its changing rules for advertisers. (more...)
US economy surges to 4.1 percent growth rate in second quarter US economy surges to 4.1 percent growth rate in second quarter
- July 28, 2018

The rest of the year is likely to see good, but slower growth of around 3 percent. From left, Commerce Secretary Wilbur Ross, Trump, Vice President Mike Pence, and Treasury Secretary Steve Mnuchin. Pay was growing even faster in the late 1960s, when the jobless rate remained below 4 percent for almost four years. Richard Moody, chief economist at Regions Financial, said the result is that the gains from trade in the second quarter will not be repeated. (more...)
'No nuclear deals for SA yet' - Cyril Ramaphosa 'No nuclear deals for SA yet' - Cyril Ramaphosa
- July 28, 2018

The summit , which started on Wednesday and will end on Friday, is an global relations conference attended by the heads of state and government of the five member states. "During his entire life, he has been upholding and protecting the principles of equality, openness and fairness". Earlier, Bloomberg reported, citing two unnamed individuals who were present during Russian President Vladimir Putin's speech at the meeting of Russian ambassadors and permanent representatives in Moscow, that ... (more...)

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