Money


Your Amazon Dash Buttons are about to become even more pointless Your Amazon Dash Buttons are about to become even more pointless
- August 03, 2019

The Amazon Dash Buttons will stop functioning on August 31st 2019. In theory, the Dash Button was designed for essentials that you'd need in a hurry: dishwasher tablets, cat food, toilet paper, condoms and so on. "Amazon is constantly evaluating our product and service offerings to best serve customers", an Amazon spokesperson explained over email. For example, there is the virtual Dash buttons on Amazon's website, Subscribe and Save, and the option to order with Alexa . (more...)
Shell profit slumps to 30-month low, denting recovery — International Business Shell profit slumps to 30-month low, denting recovery — International Business
- August 03, 2019

Falling gas prices come as a blow to Shell, which has invested heavily in shifting the balance of its portfolio away from oil in recent years. At its management day in June, the company said it meant to sell or close nine of its 19 refineries by 2025. (more...)
164,000 Jobs Added in July; 3.7% Unemployment 164,000 Jobs Added in July; 3.7% Unemployment
- August 03, 2019

Local governments contributed 14,000 jobs, primarily in education. In manufacturing, the average workweek decreased by 0.3 hours to 40.4 hours, and overtime declined by 0.2 hours to 3.2 hours. The Institute for Supply Management's manufacturing index, which measures optimism among manufacturing companies, declined to a three-year low in July as uncertainty around trade policy continued to make future planning hard. (more...)
IBM shifts software portfolio to cloud-native, rolls out Red Hat OpenShift IBM shifts software portfolio to cloud-native, rolls out Red Hat OpenShift
- August 03, 2019

This will allow enterprises to build "mission-critical" apps once and "run them on all leading public clouds , including AWS, Microsoft Azure, Google Cloud Platform, Alibaba and IBM Cloud and on private clouds ", according to the announcement . (more...)
Audi announces more 'affordable' e-tron for wider appeal Audi announces more 'affordable' e-tron for wider appeal
- August 03, 2019

The 125 kW motor is positioned at the front while the 140 kW motor is at the rear, together offering an all-wheel drive system with power and torque figures at 408 hp and 664 Nm respectively. At home, the e-tron 50 charges at 2.3kW from a 230-volt wall box, but if the owner is lucky enough to have access to a 400-volt connection at a factory, the power goes up to 11kW. (more...)
Oscar Mayer releasing hot dog-infused ice cream sandwich Oscar Mayer releasing hot dog-infused ice cream sandwich
- August 03, 2019

And what's a hot dog without a spicy condiment? Unfortunately, Oscar Mayer has yet to offer any definitive answer to this question. The ice cream is a collaboration between the iconic yellow mustard brand and Coolhaus Ice Cream to mark National Mustard Day. (more...)
Trump announces more tariffs on Chinese goods as trade war escalates
- August 03, 2019

President Donald Trump tweeted Thursday that he will add a new tariff on $300 billion of Chinese-made products on September 1, which would effectively put a tax on all Chinese goods coming into the United States. Apple's quarterly profit and revenue vanquish Wall Street's aim on Tuesday and its prophecy for fourth-quarter sales transcended anticipations and with Chief Executive Tim Cook compelling Reuters that significant development in Greater China managed the results. (more...)
Dollar dazzles after U.S. rate cut as stocks falter Dollar dazzles after U.S. rate cut as stocks falter
- August 03, 2019

The Fed said Wednesday it will halt the balance-sheet shrinking as of August 1, instead of at the end of September as previously scheduled. Yet he struggled to explain clearly whether, why and by how much the Fed might further reduce rates. (more...)
Trump to announce beef trade deal with Brussels — Beyond EU meat Trump to announce beef trade deal with Brussels — Beyond EU meat
- August 02, 2019

EDT. Trump portrayed the agreement as standing up for farmers and ranchers. "We are competing with other.countries that know how to play the game against the USA", the president wrote on Twitter. The announcement came just a day after Trump escalated trade tensions with China . Producers have been hurt by retaliatory tariffs that China imposed after Trump imposed 25% tariffs on $250 billion in Chinese products. (more...)
Oil prices contained amid concerns over week demand Oil prices contained amid concerns over week demand
- August 02, 2019

U.S. West Texas Intermediate ( WTI) crude was down 67 cents, or 1.2%, at $57.91 a barrel, also having dropped more than a $1 earlier. Nonetheless, Brent crude had failed to share the fortune of USA crude to post a monthly gain and posted a monthly drop of 2.1 percent in July. (more...)
U.S. economy adds 164,000 jobs in July U.S. economy adds 164,000 jobs in July
- August 02, 2019

The Labor Department's closely watched monthly employment report on Friday came a day after President Donald Trump announced an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. Even with the step-down in employment growth and moderate wage gains, the labor market is supporting the economy as the stimulus from last year's $1.5 trillion tax cut package fades. (more...)
World’s Central Bank Hungry for Gold, Demand at 3 Year Highs World’s Central Bank Hungry for Gold, Demand at 3 Year Highs
- August 02, 2019

Global gold demand jumped to a three-year high of 2,181.7 tons in the first half of this year, largely due to record-breaking central bank purchases, World Gold Council reported Thursday. Bars and coins saw 12 per cent drop in the second quarter mainly due to China following the easing of currency concerns and high prices. Gold supply grew 6 per cent in Q2 to 1,186.7 tonnes from 1,121.3 tonnes in the same period past year boosted by the sharp June gold price rally. (more...)
U.S. confirms small soybean sale to private Chinese buyer U.S. confirms small soybean sale to private Chinese buyer
- August 02, 2019

Wall Street dove into the red following Mr Trump's announcement, with the Dow Jones Industrial Average down 0.6 per cent toward 1800 GMT. Oil prices tumbled about 8% after Trump's announcement on concerns that the tariffs would hurt demand. (more...)
Dow plunges 300 points as Trump slaps fresh tariffs on Chinese goods Dow plunges 300 points as Trump slaps fresh tariffs on Chinese goods
- August 02, 2019

Trump's remarks came just after a United States delegation met with Chinese officials earlier this week, the first in-person talks to be had since officials' May breakdown. The S&P 500 wiped out a gain of more than 1 per cent more after Trump said in a tweet the new tax will go into effect on September 1. I don't expect the Chinese to sit by. (more...)
The Results Of Third Quarter Is Reported By Apple The Results Of Third Quarter Is Reported By Apple
- August 02, 2019

Although the company's iconic handsets are still in demand, sales declined by an astonishing $741 million in the most recent quarter compared to the same period past year. According to Counterpoint, despite the global decline, iPhone sales trends are improving. Apple Pay launched in 17 countries in the quarter, completing its coverage in the European Union. (more...)
Impossible Foods, others, use partners to expand Impossible Foods, others, use partners to expand
- August 01, 2019

The UK-based company has also established its U.S. headquarters in New York City, with plans to open production and distribution facilities stateside in support of its North American expansion in 2020. Competitor Beyond Meat proudly notes its own products are not made with genetically modified organisms (GMO's). While color additive petitions can take years to process, this one has been dealt with unusually rapidly - presumably as the FDA had already reviewed safety data from the earlier ... (more...)
Trump hits China with fresh 10% tariffs on remaining goods Trump hits China with fresh 10% tariffs on remaining goods
- August 01, 2019

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10 per cent tariff on US$300 billion in Chinese imports that aren't yet subject to USA duties after setbacks in negotiations with Beijing. (more...)
USA stocks open higher ahead of Fed's monetary decision USA stocks open higher ahead of Fed's monetary decision
- August 01, 2019

Meanwhile, the Dow fell 148 points, or 0.5%, with 25 of 30 components losing ground. The Nasdaq Composite Index was down 98.19 points, or 1.19 percent, to 8,175.42. Its revenue guidance for the fourth quarter also came above analysts' estimates. Six of the 11 primary S&P 500 sectors traded lower around market opening, with the utilities sector down almost 0.8 percent, leading the losers. (more...)
Libra Coin May Never See the World over Regulatory Barriers, Notifies Facebook Libra Coin May Never See the World over Regulatory Barriers, Notifies Facebook
- August 01, 2019

Facebook's cryptocurrency , Libra, has faced strong opposition from regulators since its launch . He worries that "legitimate projects working on taking advantage of crypto to solve real problems get caught in the" U.S. "In a hearing before the House Financial Services Committee, Powell stated that Libra 'cannot move forward" without addressing "serious issues". "These are concerns that should be thoroughly and publicly addressed before proceeding". (more...)
Impossible Whopper goes nationwide at Burger King Impossible Whopper goes nationwide at Burger King
- August 01, 2019

Impossible Foods is struggling to meet surging demand. Now playing: Watch this: Burger King's Impossible Whopper: see the technology. If the burger can gain traction at the chain-and if the same thing happens at other fast-food restaurants that serve it or other plant-based alternatives like the Beyond Burger-it could make a material difference for the environment. (more...)

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