• Apple’s Market Cap Hits $1 Trillion
Apple’s Market Cap Hits $1 Trillion

Apple's stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company's better-than-expected quarterly results. Although many have doubted Apple's staying power over the years, unlike many hardware makers the company has ridden the elegance and functionality of its devices.

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  • Facebook's US$119 billion one-day loss makes USA history
Facebook's US$119 billion one-day loss makes USA history

That "bombshell", as one analyst termed it, played into concerns on Wall Street that Facebook's model could be under threat after a year dominated by efforts to head off concerns over privacy and its role in global news flow. The new $10 million bump works out to an extra $27,000 a day Facebook is spending on protecting its chief. A Facebook ...

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  • Trump buys off soybean farmers (we’ve got the transcript!)
Trump buys off soybean farmers (we’ve got the transcript!)

Oxford Economics has calculated that a full-blown US-China trade war would shave 1 per cent off the US economy and wipe out 700,000 jobs in the United States by 2020. The United States earlier this month imposed 25% tariffs on $34 billion worth of Chinese products, drawing a tit-for-tat response from Beijing, which targeted politically sensit...

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  • NZ farmers dismayed at U.S. farm bailout as trade war deepens
NZ farmers dismayed at U.S. farm bailout as trade war deepens

Before departing for Kansas City, Trump tweeted that any US trade partner needs to either negotiate a "fair deal, or it gets hit with Tariffs". "If we could have no tariffs and no barriers and no subsidies, the United States would be extremely pleased", Trump said.

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  • China Welcomes the Improvement in Russia-US Relations, States Foreign Ministry
China Welcomes the Improvement in Russia-US Relations, States Foreign Ministry

The USTR's 205-page list of proposed tariffs published July 10, seen here, includes almost all categories of seafood produced or processed in China as well as many textiles, fruit, minerals, mechanical and industrial goods. firms to hand over technology in return for market access . He broke that down to "two or three separate trade wars" an...

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  • United Kingdom inflation steady at 2.4% in June | 18 July 2018
United Kingdom inflation steady at 2.4% in June | 18 July 2018

The data from the Office for National Statistics showed that clothing and footwear prices fell by 2.1 percent between May and June, the biggest decline for the month since 2012. She added: "Lower inflation might make it easier for the MPC to raise rates as it will relieve the pressure on consumers' incomes". But some relief emerged for consumer...

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  • West Oxfordshire MP resigns from government over Brexit plan
West Oxfordshire MP resigns from government over Brexit plan

But despite the rebels' rejection of this overture, Mrs May emerged triumphant by a margin of just six votes, as the Commons rejected the key amendment by 307-301. The entire trade bill passed by 31 votes and now moves to the House of Lords for further scrutiny before returning to the Commons for a final vote.

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  • Britain clears Rupert Murdoch's Fox to bid for Sky
Britain clears Rupert Murdoch's Fox to bid for Sky

Earlier on Wednesday, Rupert Murdoch's 21st Century Fox bid £14 a share for Sky. Sky's shares have risen 95 percent since Fox made its first bid in 2016, and have risen 55 percent in the previous year. Sky is a pawn in a wider contest between Comcast and Walt Disney Co . for the bulk of Murdoch's media empire , as the United States media gi...

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  • Theresa May presses on with Brexit plan after high-profile resignations
Theresa May presses on with Brexit plan after high-profile resignations

They offered their support to the Prime Minister after the government was rocked by a spate of resignations, with supposed cabinet unity over her Brexit negotiating position in tatters. Mr Barrow, who stepped down as leader of the authority in December 2015, tweeted his thoughts on the latest Brexit fallout in the wake of David Davis' Sunda...

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  • First boys emerge from cave
First boys emerge from cave

The rescue team leader said that, in some of the larger caverns, extensive pumping had reduced water levels so that they were now walkable, even with the onset of fresh monsoon rain on Sunday. "We are giving them a physical examination". Many parents are still here waiting. Bursts of heavy rain soaked the Tham Luang Cave area in Thailand's northe...

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  • Micron Technology, Inc. (MU) Loses China Case, Memory Chip Sales Blocked
Micron Technology, Inc. (MU) Loses China Case, Memory Chip Sales Blocked

UMC, a foundry that does not make mainstream memory products, has not commented on the poaching allegations and the case is still being heard. The Micron ban escalates a trade dispute between China and the USA that's engulfing industries from steel to autos and increasingly also the electronics sector, where the two countries' economies are hea...

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  • Donald Trump's 2020 Campaign Gear: Made In China?
Donald Trump's 2020 Campaign Gear: Made In China?

As the tariffs approached, the U.S. central bank warned the impending trade battle was beginning to darken the otherwise blue skies of the robust American economy, now in its 10th year of recovery. "China, which is in the crosshairs of the Trump administration's racketeering gun sights, has no choice but to fight back". Mr. Trump does have levera...

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  • #BoycottWalmart Is Trending on Twitter After 'Impeach 45' T-Shirts Anger Customers
#BoycottWalmart Is Trending on Twitter After 'Impeach 45' T-Shirts Anger Customers

While the Centerbrook, Connecticut-based company sells hundreds of shirts, hats, underwear and Halloween costumes via Walmart, it also runs its own website and sells similar merchandise on Amazon. Old Glory , which was founded in 1969 and makes its T-shirts in Westbrook, Conn., received "a couple thousand" orders of the impeachment apparel on T...

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  • EU Warns US Against Car Tariffs
EU Warns US Against Car Tariffs

The submission said European auto companies are "well established" in the United States. For example, when Trump initially made a decision to start slapping tariffs on foreign governments' goods, White House trade czar Peter Navarro said he didn't think any country would retaliate.

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  • Trump Assails OPEC for High Oil Prices
Trump Assails OPEC for High Oil Prices

In response, Saudi Arabia , Iran's rival and the largest producer in OPEC , said it would consider increasing supply. "Not good!" he wrote on Twitter. United States oil benchmark West Texas Intermediate for July delivery finished up 28 cents at $66.64 a barrel on Wednesday, while European benchmark North Sea Brent oil gained $1.06 to $76.74...

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  • Navarro Seeks to Calm Investor Concern on Trump Trade Policy
Navarro Seeks to Calm Investor Concern on Trump Trade Policy

China and the European Union firmly oppose trade unilateralism and protectionism and think these actions may bring recession and turbulence to the global economy, says Chinese vice premier Liu He. USA technology stocks were worst hit. Most economists warn that tariffs, including ones the United States has imposed on foreign steel and aluminium, a...

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  • Trump tells GOP to ‘stop wasting their time’ on immigration
Trump tells GOP to ‘stop wasting their time’ on immigration

One woman, Cindy Madrid from El Salvador, repeatedly dictated her US-resident sister's phone number to her six-year-old daughter before she crossed the border and the family was separated. "We can not allow our Country to be overrun by illegal immigrants as the Democrats tell their phoney stories of sadness and grief, hoping it will help them in th...

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  • Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack
Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack

In what has become a recurring theme in the digital currency industry, another cryptocurrency exchange platform has suffered a cyber intrusion . But, the post went missing after few minutes. Bithumb lost millions-worth of cryptocurrency in a cyberattack. Still, the frequency of cryptocurrency exchange hacks is something that will leave many ...

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  • Energy Stocks To Watch Ahead Of OPEC Meetings
Energy Stocks To Watch Ahead Of OPEC Meetings

OPEC Secretary-General Mohammad Barkindo said he was confident there would be a deal when the producer group meets in Vienna on Friday. Bijan Namdar Zanganeh, Iran's oil minister, stormed out of the meeting on Thursday evening. It was up 1.2 per cent at $73.95 a barrel at 1:13 pm in Singapore on Friday. But the proposal has run into resis...

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  • India imposes retaliatory tariffs on US, as global trade war widens
India imposes retaliatory tariffs on US, as global trade war widens

The European Commission formally adopted a law putting in place the duties on €2.8 billion (S$4.4 billion) worth of U.S. goods, including steel and aluminium products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motorcycles.

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