Money


Gold prices soar to Rs 82,250 per tola Gold prices soar to Rs 82,250 per tola
- July 12, 2019

Gold prices had touched a one-week high of $1,426 earlier in the session. US unit was heading for weekly decline after surging more than 1% last week. He said that many Fed policymakers "saw that the case for a somewhat more accommodative monetary policy had strengthened". "So, if we don't get three rate cuts by the end of the year this could be a trigger for a little bit of a short-term correction in gold". (more...)
Hackers steal $32 million worth of crypto from Bitpoint Hackers steal $32 million worth of crypto from Bitpoint
- July 12, 2019

Coincheck's $530 million loss remains the industry's record-breaking crypto-exchange hack, but the $40 million theft in bitcoins from world-leading exchange Binance in May served as a dramatic reminder that even those exchanges with hitherto lofty standards of security remain vulnerable. (more...)
Ford & Volkswagen Autonomous & Electric Car Marriage Is Official Ford & Volkswagen Autonomous & Electric Car Marriage Is Official
- July 12, 2019

This partnership is reflective of a broad industry trend of rival automakers coming together to work on autonomous driving technology. The two well-known automotive companies will be collaborating on their autonomous and electric vehicles and technologies considered critical for the future of the industry. (more...)
US, China negotiators resume trade war talks US, China negotiators resume trade war talks
- July 12, 2019

The impact on trade has been seen ever since President Trump started hiking tariffs past year on goods from China in a fight over Beijing's technology ambitions. President Donald Trump on Thursday accused China of "letting us down" by not promptly buying more USA farm products. Early this month, markets in Asia rallied following a ceasefire on the tariff war between the two countries. (more...)
House Dem Rips AOC and Her Staff for Their 'Ignorance' House Dem Rips AOC and Her Staff for Their 'Ignorance'
- July 12, 2019

Saikat Chakrabarti, Ocasio-Cortez's chief of staff, attacked Pelosi and other Democrats in a tweet over the weekend, criticizing the Blue Dog Democrats and New Democrats - as the more moderate members of the party are known. "Those four female Democrats that Nancy Pelosi is brushing back, I think they are all freshman members", said Conway on Fox News . The fight between Ocasio-Cortez and Pelosi has been building for months as Pelosi has repeatedly dismissed Ocasio-Cortez and many ... (more...)
Airline sorry for 'telling woman to duvet outfit' Airline sorry for 'telling woman to duvet outfit'
- July 12, 2019

Rowe tweeted , with two photos of her in the matching strapless top and shorts set. The images show the front and side of Rowe's attire that she chose to wear on the flight. " When defending my outfit I was threatened with not getting back on the flight unless I walked down the aisle wrapped in a blanket ". "She was also a mother, also traveling with a child and she said 'no way!' She looked at my shorts and she looked at her shorts and she said 'well, your shorts are longer than mine and ... (more...)
Stocks surge after Fed signals probable rate cut Stocks surge after Fed signals probable rate cut
- July 12, 2019

At their June policy meeting, Fed officials had signaled those concerns might warrant lower rates, and "since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. (more...)
Fed's Barkin Leaves Door Open to 'Insurance' Cut Fed's Barkin Leaves Door Open to 'Insurance' Cut
- July 12, 2019

Fed Chair Jerome Powell in two days of testimony on Capitol Hill bolstered expectations that worries over trade tensions and faltering global growth have convinced many policymakers to support an interest-rate cut later this month when Fed rate-setters meet in Washington for their fifth regular meeting of 2019. (more...)
Amazon’s Prime Day may tempt you to overspend. Here are some tips Amazon’s Prime Day may tempt you to overspend. Here are some tips
- July 12, 2019

Prime Day is for Prime members, and an annual membership is $119 a year. Bargain hunters will have a lot of work to do next week, digging for the best deals available exclusively with an Amazon Prime membership , as well as doorbuster savings on top brands from highly respected eBay sellers, and last but certainly not least, sifting through "red hot online sales" over at Target . (more...)
Fed Chairman Jerome Powell Compares Bitcoin to Gold Fed Chairman Jerome Powell Compares Bitcoin to Gold
- July 12, 2019

The core consumer price index (CPI), excluding food and energy prices, rose 0.3% in June over the month prior, exceeding expectations. Investors will also be keeping a close eye on USA consumer price index data for June, due tonight. The Fed is getting closer to lower rates to take out "insurance" that does not happen. Manufacturing is struggling, the trade deficit is widening again, consumer spending is rising moderately and the housing sector remains mired in a soft patch. (more...)
Buns Sold At Walmart, Aldi, Sam’s Club, And Others May Contain Plastic Buns Sold At Walmart, Aldi, Sam’s Club, And Others May Contain Plastic
- July 12, 2019

It remains unclear how the plastic got into the production equipment and the type of plastic that was found. Following is a list of the products, UPC numbers, "best by" dates , and the first three digits of the lot number for the products involved in this recall . (more...)
Telstra Outage Affecting EFTPOS Services Nationwide Including ATMs Telstra Outage Affecting EFTPOS Services Nationwide Including ATMs
- July 12, 2019

The telco said it's now investigating the issue, which is impacting "a number of enterprise customers nationally". "We're sorry for the impact and inconvenience caused", the spokesperson said. Australia Post has also confirmed that Eftpos and other banking services are now disrupted, blaming a "supplier issue". Customers complained to CBA via social media that their EFTPOS machines were displaying error messages. (more...)
Multiple injuries due to turbulence forces Air Canada emergency landing Multiple injuries due to turbulence forces Air Canada emergency landing
- July 11, 2019

According to a report from Hawaii News Now , the flight was diverted due to "severe clear air turbulence" that left dozens of passengers injured. These are the effects of turbulence, as the plane flies through pockets of rising, falling and rolling air, typically called eddies. (more...)
It's 7-Eleven Free Slurpee Day It's 7-Eleven Free Slurpee Day
- July 11, 2019

Today's date is 7/11 and the Dallas-based convenience store chain of the same name is celebrating it's birthday with what else - free Slurpee drinks. 7-Eleven is also dishing out some great one dollar deals on food products. If you're lucky, they may be stocked with their newest Slurpee flavor, Blueberry Lemonade. (more...)
France approves tax on tech giants despite threats from Trump administration France approves tax on tech giants despite threats from Trump administration
- July 11, 2019

Finance Minister Bruno Le Maire has said France isn't the only country advancing a tax on digital companies and that using the threat of "blackmail" to stop them is pointless. "We support the United States government's efforts to investigate these complex trade issues but urge it to pursue the 301 investigation in a spirit of global cooperation and without using tariffs as a remedy", Jennifer McCloskey, ITI's vice president of policy, said in a statement. (more...)
AT&T becomes first carrier to block robocalls by default AT&T becomes first carrier to block robocalls by default
- July 11, 2019

Landline customers had also been able to opt in. We aren't typically fans of opt-out services from wireless carriers, but robocall blocking is something we all need in our lives. Notice that the AT&T announcement promised " automatic fraud blocking and suspected spam-call alerts" but not automatic blocking of spam calls. Those customers who want the service immediately can download AT&T Call Protect as an app , or by going into their account settings on myAT&T and turning it on. (more...)
Farewell, Bug! Volkswagen Beetle production officially ends… Farewell, Bug! Volkswagen Beetle production officially ends…
- July 11, 2019

But don't expect to see this particular Beetle hitting the streets however as Volkswagen plans to keep it for themselves. The Beetle was originally commissioned by Adolf Hilter in the early 1930s as a basic auto that all Germans could afford, with Porsche being tasked with development, and the first cars went on sale in 1938. (more...)
You Can Finally Watch the Amazon Prime Day Concert and Here's How You Can Finally Watch the Amazon Prime Day Concert and Here's How
- July 11, 2019

The " You Need to Calm Down " singer will perform in the live music event presented by Amazon Music exclusively for Prime members. After the free trial, Amazon Prime generally costs a href=" https://www.amazon.com/amazonprime/ref=as_li_ss_tl?ie=UTF8&linkCode=ll2&tag=mysalprimeday2019july19-20&linkId=591657abc7f86a92066c044084e72f89&language=en_US” ; rel="noopener" target="_blank" $12.99 per month or $119 per year". (more...)
Asian stocks set for mixed trading ahead of Powell Asian stocks set for mixed trading ahead of Powell
- July 11, 2019

The dollar weakened. Oil rose above US$59 a barrel in NY. In Japan, however, the Nikkei 225 settled 31.67 points, or 0.2%, to 21,533.48. Trading may stay choppy ahead of key testimony this week from Federal Reserve Chair Jerome Powell as observers assess prospects for easing following conflicting signals on the global economy. (more...)
USD Drops, S&P 500 Hits Record on Dovish Fed Minutes, Powell Testimony USD Drops, S&P 500 Hits Record on Dovish Fed Minutes, Powell Testimony
- July 11, 2019

However, not all members are completely convinced that rate cuts are necessary at this time as several members voiced that they did not see a strong case for rate cuts when the Fed met last this past June. "It's put them at a tremendous competitive advantage, and we don't have that advantage because we have a Fed that doesn't lower interest rates". However, he added that "many" Fed official saw that the case for a looser monetary policy "had strengthened". (more...)

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