Money


Toys R Us plans comeback for 2019 shopping season Toys R Us plans comeback for 2019 shopping season
- June 22, 2019

Toy Association CEO Steve Pasierb on the comeback of the Toys "R" Us as "Tru Kids" and the outlook for Mattel. The new Toys "R" Us stores he's pitching are said to be about 10,000 square feet, which would be about a third of the size of the closed ones. (more...)
Bottled Water With High Arsenic Levels Sold At Target, Whole Foods, Walmart Bottled Water With High Arsenic Levels Sold At Target, Whole Foods, Walmart
- June 22, 2019

It was found to have exceeded the federal limit with the water bottled in Mexico. "Customers typically purchase bottled water at exorbitantly high costs with the assumption that it is safer and healthier to drink than tap water, unaware that they are ingesting an extremely toxic metal linked to birth defects and cancer ". (more...)
Get Free Ice Cream Today Get Free Ice Cream Today
- June 22, 2019

Go sit out in the sun, crack open a cold one and enjoy a small cone from Dairy Queen for absolutely no cost at all. Guests can chose from regular vanilla, chocolate-dipped or Orange Dreamsicle-dipped cones. The first day of summer means FREE ice cream for us! Whether you take advantage of the second free cone day of the year or not, DQ has plenty of new summer treats to keep you busy taste-testing all season long. (more...)
KFC and Cheetos combine forces for absurd, limited-time chicken sandwich KFC and Cheetos combine forces for absurd, limited-time chicken sandwich
- June 22, 2019

The Cheetos Sandwich , as it will officially be called, will make its debut on July 1st at KFC locations nationwide and be sold through the end of the month. You won't need to purchase a bag of extra-cheesy chips the next time you hit up Kentucky Fried Chicken because, on the menu, there will be a sandwich that combines your love of chicken and Cheetos. (more...)
Bank of England votes unanimously to keep rates on hold Bank of England votes unanimously to keep rates on hold
- June 22, 2019

The committee felt that keeping bank rate at 0.75 per cent was the most appropriate approach in order to meet the 2 per cent inflation target. Sterling dropped against the euro and the US dollar as investors doubled down on bets that rates will not rise in the next couple of years. (more...)
Google adds new Maps features that offer some users rewards and perks Google adds new Maps features that offer some users rewards and perks
- June 22, 2019

Under its new update , Google has enabled these businesses to provide welcome offers , such as special discounts, to Google users who follow the company. Bottom line: A recent finding by the Wall Street Journal claims that Google Maps has almost 11 million fake business listings, an effort by scammers to boost their own profits by defrauding business owners and misleading customers through false addresses, phone numbers and impersonation of genuine businesses. (more...)
Adidas loses European Union court battle over 'three stripe' design — International Business Adidas loses European Union court battle over 'three stripe' design — International Business
- June 22, 2019

The German sportswear brand, the world's second largest, had sought earlier this decade to expand trademark protections around the distinctive three-stripes design. The court said Adidas had provided evidence related to the mark's use in five European Union countries, but not throughout the bloc. Adidas appealed the initial decision on the grounds that the mark had acquired distinctiveness, even though it did not challenge the finding that it lacked inherent distinctiveness. (more...)
Fed holds rates steady but opens door to a cut Fed holds rates steady but opens door to a cut
- June 22, 2019

He even hinted earlier this week that he might remove Powell from his post, but the Fed chairman said last night he believes the law is clear that he has a four-year term. "Downside risks could weigh on USA economic activity". Although Trump will likely cheer a rate cut, the Fed's indication that it could ease rates for the first time in almost 11 years isn't an endorsement of the president's approach to managing trade relations with China, economists told Newsweek . (more...)
United States requests UN Security Council meeting after Tehran downs drone United States requests UN Security Council meeting after Tehran downs drone
- June 22, 2019

The strikes were set for early in the day to minimize risk to the Iranian military or to civilians, the Times added. Trump played down the downing of the drone on Thursday, saying he suspected it was shot by mistake and "it would have made a big difference" to him if the remote-controlled aircraft had been piloted. (more...)
J.D. Power crowns Genesis, Kia and Hyundai J.D. Power crowns Genesis, Kia and Hyundai
- June 22, 2019

Overall, the number of problems reported by owners held steady from a year ago at a record-low 93 per 100 vehicles. After checking 191 models, the USA -based company found that Hyundai was ranked as the second-highest non-premium brand for the second consecutive year. (more...)
Slack surges to $23 billion valuation in public market debut Slack surges to $23 billion valuation in public market debut
- June 22, 2019

The arrival of San Francisco-based Slack - which markets online tools for information sharing and workflow management - underscores investor hunger for new companies in spite of some high-profile stumbles. What is direct listing vs IPO? This direct listing allows a company's private owners to immediately offload their shares by selling directly to the public. (more...)
Two Fed policymakers sound inflation alarm, call for rate cuts Two Fed policymakers sound inflation alarm, call for rate cuts
- June 22, 2019

The closely-watched Fed statement included a marked shift in language, no longer saying the central bank will remain "patient" in assessing economic data. Along with the change in the policy statement, Wednesday's projections open the door for the central bank to lower rates in short order if the economy weakens or if U.S. (more...)
Will you use Facebook's Libra cryptocurrency? Will you use Facebook's Libra cryptocurrency?
- June 21, 2019

A cryptocurrency is a kind of money that does not exist in the form of bills or coins. "What they've done with interfaces, they're going to do with money, and in that arena, the banks don't have a chance". So how soon will you be able to use Facebook's new currency to buy your morning latte? Cryptocurrency investors have also lost hundreds of millions of dollars through steep price drops and crypto-exchange hacks and the market has faced money-laundering and terrorist-financing allegations. (more...)
Malaysia may get a slice of Apple as it mulls China exit Malaysia may get a slice of Apple as it mulls China exit
- June 21, 2019

Many economists say that the deficit merely means that US consumers have the money to purchase more imports from China compared to what Chinese consumers have to buy American made products. The company also said that tariffs would impede Apple's ability to compete globally. Do you welcome Apple to open a factory for iPhones? Given the complexity and logistics involved, brokerage said, it would take at least 2-3 years to move 15% of iPhone production from China to other regions. (more...)
Oil declines as inventory data counters hopes for trade deal Oil declines as inventory data counters hopes for trade deal
- June 21, 2019

Earlier, reports out of Iran said the nation's Revolutionary Guards had downed a USA "spy" drone in the southern province of Hormozgan. Continued tensions in the Middle East also exert upward pressure on oil prices , following the oil tanker attacks last week. (more...)
Apple Inc. says tariffs will reduce economic contribution to USA economy
- June 21, 2019

On Wednesday, the Nikkei Asian Review cited unidentified sources who said Apple has asked its top suppliers to evaluate moving up to 30% of iPhone production out of China. Apple, which said the levies would also hit Airpods , AppleTVs and batteries and parts, is among the latest USA companies to press the Trump administration to abandon its plan for more tariffs. (more...)
Raising Cane's founder Todd Graves among Glassdoor's top CEO's Raising Cane's founder Todd Graves among Glassdoor's top CEO's
- June 20, 2019

Zuckerberg fell 39 spots in Glassdoor's annual rating of high CEOs for its Workers' Alternative Awards, from No. 16 to No. 55, falling out of the most top 20 for the first time since Glassdoor kicked off the survey in 2013. When providing a company review on Glassdoor, employees are asked to share their opinion on the best reasons to work for their employer, as well as any downsides and are encouraged to provide advice to management. (more...)
European Union court declares Adidas three-stripe trademark invalid European Union court declares Adidas three-stripe trademark invalid
- June 20, 2019

It said the company only provided evidence of its "acquired distinctive character " in five out of the EU's 28 member states. In 2014 Adidas was granted a trademark on "three parallel equidistant stripes of identical width, applied on the product in any direction" on clothing, hats and shoes. (more...)
Grieving Son: The Dominican Republic Resort Keeps Changing Its Story Grieving Son: The Dominican Republic Resort Keeps Changing Its Story
- June 20, 2019

Joseph Allen , 55, also died this month, and his friends told the family that he complained about not feeling well last Wednesday. The former Dancing With The Stars and Bachelor Pad star has been battling a mysterious bug and has been "really sick", after spending time at the Nickelodeon Resort in Punta Cana with her family, sources told Page Six . (more...)
China has over 100 more supercomputers than the US, Top500 says China has over 100 more supercomputers than the US, Top500 says
- June 20, 2019

The two top performing supercomputer systems, Summit and Sierra , are both owned by the United States. China is aiming for its newest Shuguang supercomputers to operate about 50 per cent faster than the current best United States machine - the Summit - which if all goes to plan, should help China take the title back from the U.S. (more...)

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