Stories about Finance

Jul 23 2018

Musk apologizes to British cave diver

In response to the criticism, Musk called Unsworth a " pedo guy" and the British diver said he would consider legal action over the slur. Vernon Unsworth , had...

Jul 23 2018

GST Council reduces tax rates on more than 50 items

Apart from a 100 per cent waiver of GST on sanitary pads , the council has chose to nullify tax on raw materials such as stone, marble and wood, used by for making handi...

Jul 23 2018

Trump To Iran's President Rouhani: 'NEVER, EVER THREATEN' The U.S. Again

While Trump has taken a hard-line stance against Iran, including announcing that the United States would withdraw from the Iran nuclear deal earlier this year, some peo...

Jul 23 2018

Tesla shares drop on report that it asked suppliers for refunds

The WSJ calls the sum "meaningful", and reports that the refunds are on payments made since 2016. In a memo sent to several suppliers requesting money back, Tesla said ...

Jul 23 2018

Winning numbers drawn for $433M Mega Millions jackpot

No one matched all six numbers Friday night, although two people across the country matched the first five white balls for a sweet $1 million consolation. The lottery gam...

Jul 23 2018

Facebook Suspends another Data-Analytics Firm

Among the Crimson Hexagon's clients is a Russian nonprofit with ties to the Kremlin, according to the Wall Street Journal , which first reported news of Facebook's ...

Jul 23 2018

Donald Trump Accuses China, EU Of Currency Manipulation

The outbursts were another crosswind for Wall Street, which struggled to find direction and finished the day a hair's breadth in negative territory. Trump had accused...

Jul 23 2018

Mondelez Recalls Ritz Crackers on Salmonella Concern

The company responsible for making Ritz Crackers has issued a voluntary recall on a number of the cracker products. If you think you became sick from consuming a reca...

Jul 23 2018

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

Hong Kong stocks also ended higher, as the sharp rebound in Chinese stocks lifted sentiment. General Electric fell after saying its power business is still struggling. It...

Jul 22 2018

Gold Ends Flat Around 1-year Low

Brent crude was last up 0.5 percent at $72.20 and USA crude futures stood little changed at $68.07 a barrel after sliding more than 4 percent on Monday. The two-year Trea...

Jul 22 2018

North Korea state media criticizes South Korea

Professor Yang Moo-jin of the University of North Korean Studies said Kim was sending a domestic and external signal that the North was focusing on the economy after his ...

Jul 22 2018

Trump escalates his war with the Fed

In the latest trade salvo, Trump said he was ready to impose tariffs on all $500 billion of imported goods from China. "The dollar is an important issue today espec...

Jul 22 2018

Feminine hygiene now tax-free in India; sanitary napkins out of GST net

Addressing a presser, Goyal said , "After careful considerations and discussion with the state finance ministers, we (the GST Council) have made a decision to implement ...

Jul 21 2018

Trump Adviser Larry Kudlow Says GDP Could Hit 4%

The US has threatened to hit another $200 billion worth of Chinese imports with tariffs because of China's retaliation to the previous round of tariffs. "So some of ...

Jul 21 2018

Trump heightens China tariff threat with no deal in sight

State-owned China Global Television Network on Friday posted a video, first spotted by Reuters , seemingly created to undermine support for Trump's trade policies. Gl...

Jul 20 2018

The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

During an interview with CNBC , Trump said that while Federal Reserve Chair Jerome Powell , who took over the role in February, was a "a very good man", he did not li...

Jul 20 2018

Trump Tells CNBC He's 'Not Thrilled' About Rate Hikes

CNBC released details of the Trump interview in a story on its website Thursday. For a second day, Trump criticized the Federal Reserve, breaking with a long-standing t...

Jul 20 2018

Microsoft beats Wall Street targets on cloud services revenue

Broken down into Microsoft's three segments, Productivity and Business Processes made $9.7 billion, Intelligent Cloud made $9.6 billion, and More Personal Computing made ...

Jul 20 2018

SIA crowned as world's best airline in 2018

Skytrax is an auditor founded in the United Kingdom in 1989 dedicated to the analysis and comparison of the quality of different airlines and airports around the world. ...

Jul 20 2018

Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks

In May, as a result of the nuclear deal, Iran's oil exports rose to a high point of 2.7 million barrels per day (mbpd). Iran , which is the third-largest oil produ...