Money


China's Economy Falters; Slowest Growth In Nearly 3 Decades China's Economy Falters; Slowest Growth In Nearly 3 Decades
- July 16, 2019

Later in the week, USA retail sales and industrial production data will provide clues about the health of the world's largest economy. Data showed India's economy grew to the lowest level in over four years during the first three months of this year, Thailand's growth was weakest in more than four years, Singapore's 1Q growth hit a decade low, Hong Kong's GDP growth was weakest in a decade, and the Philippines' growth dropped to a four-year low of 5.6%. (more...)
China says Trump ‘misleading’ people linking trade deal, slowing economy China says Trump ‘misleading’ people linking trade deal, slowing economy
- July 16, 2019

U.S. President Donald Trump says, . his tariffs on Beijing are what dragged down China's growth rate. "That same day, Chinese Ambassador to the U.S. A face-to-face meeting hinges on progress in the year-long trade war, he added. Auto sales fell 7.8% in June, extending a yearlong contraction in the industry's biggest market. (more...)
Canadian airline passengers have new rights starting today | Buzz travel Canadian airline passengers have new rights starting today | Buzz travel
- July 16, 2019

Airlines now have to reimburse passengers for flight bumping and damaged luggage as part of a package of new protections that take effect today (July 15). Lukacs has argued that tarmac delays should be capped at 90 minutes and refunds should be offered for all delays and cancellations outside of extreme circumstances. (more...)
'We're human, not robots': Amazon workers strike as 'Prime' sales arrive 'We're human, not robots': Amazon workers strike as 'Prime' sales arrive
- July 16, 2019

In New York, a coalition of labor groups planned to deliver 250,000 petitions to Amazon founder Jeff Bezos' Manhattan home calling on the company to cut business ties with ICE and end abusive working conditions in its warehouses. The company's fifth annual Prime Day now stretches two days, Monday and Tuesday, invented as an effort to try to drum up sales during sluggish summer months and sign up more users for its Prime loyalty program. (more...)
AB InBev calls off Budweiser public listing in Hong Kong AB InBev calls off Budweiser public listing in Hong Kong
- July 16, 2019

Even at the bottom of its targeted range, the Budweiser Brewing APAC share sale would have topped Uber Technologies Inc's US$8.1 billion United States listing in May, which remains the biggest globally this year. "This is likely a case of valuation push-back, not market conditions", said Kathleen Smith, founding principal at Renaissance Capital, a US -based research firm and manager of IPO-focused exchange-traded funds, who noted that returns from IPOs had generally been strong this year. (more...)
Whole Foods Preps Prime Day Grocery Deals 07/09/2019 Whole Foods Preps Prime Day Grocery Deals 07/09/2019
- July 16, 2019

TL;DR: Now through July 16 , Prime members who have never subscribed to Amazon Music Unlimited before can pay just 99 cents to try the premium streaming service for four months (normally $7.99/month). Make sure you log on to Gadgets 360 during the Prime Day sale event for the best tech deals. When is Amazon Prime Day 2019? eBay is also promising up to 70 per cent off electronics in the lengthy sale, with top brands such as LG, Samsung , Google and Currys likely to be involved. (more...)
China's economy grows at slowest pace since 1990s China's economy grows at slowest pace since 1990s
- July 15, 2019

Monday's official growth data marked a further loss of momentum for the economy from the first quarter's 6.4 percent, raising expectations that Beijing needs to announce more support measures to boost consumption and investment and restore business confidence. (more...)
Amazon to spend $700 million retraining its U.S. workers Amazon to spend $700 million retraining its U.S. workers
- July 15, 2019

These programs will enable Amazonians from all backgrounds to access training in order to move into highly skilled technical and non-technical roles across the company's corporate offices, fulfillment centers, tech hubs, retail stores, transportation network, or organizations outside of Amazon. (more...)
Huawei plans extensive layoffs at its U.S. operations Huawei plans extensive layoffs at its U.S. operations
- July 15, 2019

Huawei plans to dismiss hundreds of employees in the United States as the Chinese tech company struggles with a blacklist imposed by president Trump over national security threats. President Donald Trump's decision in May to blacklist Huawei, one of China's most strategically important companies, has dominated global industry discussions, as it threatens to upend supply chains and disrupt the global rollout of fifth-generation technology-an infrastructure spending spree worth hundreds of ... (more...)
Further oil production restriction on the way Further oil production restriction on the way
- July 14, 2019

Oil prices, already about $10-15 cheaper than this time previous year, are expected to be about 8% lower in 2020 than in 2018. However, contradictions remain rife in the crude analytical world and are causing deep uncertainty in the trading community. (more...)
Why we're going all-in on Amazon Prime Day this year Why we're going all-in on Amazon Prime Day this year
- July 14, 2019

Finally, if you're a regular Whole Foods shopper and a Prime member , the Amazon Prime Rewards Visa Card offered serious savings during Prime Day of previous year (and may offer similar savings during Prime Day 2019 ). Prime plans are $12.99 per month (or $119 per year), and all members get a free 30 day trial at sign up . As the name suggests, Amazon Prime Day sale is limited to Prime Members. (more...)
Microsoft Teams surges ahead with 13M users, likely surpassing Slack Microsoft Teams surges ahead with 13M users, likely surpassing Slack
- July 14, 2019

Teams combines chat, videoconferencing, voice-over-IP calling and file-access capabilities for end users. Next, users can clock in and out using Microsoft Teams. There's a sneaky control for managers associated with this feature because they have an "option to geo-fence a location to ensure team members are at the designated worksite when clocking in or out". (more...)
'I'm Not A Fan Of Bitcoin And Other Cryptocurrencies' 'I'm Not A Fan Of Bitcoin And Other Cryptocurrencies'
- July 13, 2019

President Donald Trump said on Thursday that he is not "a fan of bitcoin and other cryptocurrencies ", referring to the digital coins as "not money". With nearly 62 million followers on Twitter, Trump has made crypto famous by getting 12,300 retweets, 41,000 likes, and 12,600 comments (and still counting) just for his first tweet. (more...)
Trade war hammers China's imports, exports in June Trade war hammers China's imports, exports in June
- July 13, 2019

China's trade surplus with the United States rose 12% in yuan-terms in the first half of this year, the customs agency said on Friday. China has started preparing to buy farm products, including gauging the prices of US soybeans , but will not purchase large amounts until it sees concrete progress in the negotiations, a person familiar with the matter said Friday. (more...)
Woman receives 'marijuana' birthday cake after request for 'Moana' theme is misunderstood Woman receives 'marijuana' birthday cake after request for 'Moana' theme is misunderstood
- July 13, 2019

Davis did not respond to a Facebook message from USA Today seeking comment. "Well needless to say these people thought she said marijuana". "We all died of laughter because it was obviously an honest mistake". "I have two little girls here". It's a summer Friday and you've already read everything you need to read about the Russell Westbrook trade , so I'm kicking things off with a non-sports story that will be more amusing than anything else you read today. (more...)
Fast Food Chains to Roll out French Fry Day Deals Fast Food Chains to Roll out French Fry Day Deals
- July 13, 2019

Mooyah: Get a free personal order of fries when you download the Mooyah rewards app. The first day of the promotion is Friday, July 12 - one day before National French Fry Day . There may be no food more universally loved than french fries. Carl's Jr .: Sign up for the Carl's Jr . email list and get a coupon for a free small order of fries and small drink with purchase of any Western Bacon Cheeseburger. (more...)
FTC Fines Facebook $5 Billion for Privacy Violations FTC Fines Facebook $5 Billion for Privacy Violations
- July 13, 2019

The Journal's report said that the FTC settlement will include "government restrictions on how Facebook treats user privacy ", however, it remains unclear what those restrictions entail. It's very disappointing that such an enormously powerful company that engaged in such serious misconduct is getting a slap on the wrist. For now, the specifics of the settlement remain largely unknown, except for the figure which is believed to be in the region of $5 billion. (more...)
IEA sees oil market oversupplied in 2019 on USA production IEA sees oil market oversupplied in 2019 on USA production
- July 13, 2019

The market was also bolstered by the news that a tropical cyclone is likely later this week in the Gulf of Mexico, raising concerns over potential disruptions to oil and natural gas production in the region. U.S. West Texas Intermediate (WTI) crude futures fell 23 cents to settle at $60.20 a barrel, after hitting their highest since May 23 at $60.94. Oil's latest spike came after the Organization of Petroleum Exporting Countries, which pumps 40% of the world's oil, estimated in its July ... (more...)
The New Starbucks Tie-Dye Frappuccino Is Perfect for Your Instagram The New Starbucks Tie-Dye Frappuccino Is Perfect for Your Instagram
- July 13, 2019

From large murals, bright colors, trendy foods and plenty of photo opportunities, the social media platform can bring in new customers and big profits. Not to mention the amount of effort put in by the baristas to create this drink. Get it while you can. The frozen drink will be available at participating Starbucks stores in the US and Canada on July 10 for a limited time, while supplies last. (more...)
Bombardier lays off 550 workers from Ontario plant Bombardier lays off 550 workers from Ontario plant
- July 12, 2019

Fedeli slammed Hajdu and the federal Liberal government, saying it has not committed to "funding the full federal share onf Ontario's historic $28.5-billion transit expansion plan". "Our government has spoken to executives at Bombardier to express our disappointment that their company has taken this step", she said. Ontario's Ministry of Transportation said it is now negotiating an additional 36 Metrolinx rail cars as part of an existing Bombardier contract. (more...)

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