• Netflix is testing an Ultra subscription
Netflix is testing an Ultra subscription

The new tier is basically the current Premium tier with HDR video and HD audio added. Netflix also increased its Premium plan by $2 to $13.99. The current pack with highest price is the "Premium" subscription which allows users to enjoy their videos at 1080p (Full HD) with screen sharing of 4 at a time.

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  • Canada trade deficit expands as imports rise, exports edge down
Canada trade deficit expands as imports rise, exports edge down

May imports were $258.4 billion, $1.1 billion more than April imports. The year-on-year increase was 3.5 percent. Deficit widened to CAD 2.8 billion from a slightly revised CAD 1.90 billion in April. Canada posted a trade deficit in May of 2.77 billion Canadian dollars (US$2.11 billion), Statistics Canada said Friday. "Energy imports swelled to...

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  • Workers Emerge From the Woodwork
Workers Emerge From the Woodwork

June also saw more people joining the workforce, meaning more people either had a job or started looking for jobs. A long run of impressive monthly job creation is among the main reasons why the projections of economists, in both the private and public sectors, have continued to be bullish for US growth, despite growing uncertainty about the rest...

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  • Montreal unemployment rate drops to lowest level since December
Montreal unemployment rate drops to lowest level since December

Consumer prices have edged past the midpoint of the Bank of Canada's 1 percent to 3 percent inflation target range, and even wage inflation, which had been slow to pick up after a 2015 slump, has begun to strengthen amid job gains. By sector, the numbers showed goods-producing industries added 46,600 positions in June thanks to job-creation boosts ...

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  • Sonos files for an IPO
Sonos files for an IPO

If all goes to plan with the IPO, it hopes to trade on the Nasdaq Global Select Market, under "SONO". The company did not specify how many shares would be for sale, nor did it list an estimated offering price. At the same time, Sonos said it plans to "deepen our relationships" with current partners, including Amazon, Google and Apple. Moreover, t...

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  • US Job Growth Strong, Unemployment Rate Rises to 4 Percent
US Job Growth Strong, Unemployment Rate Rises to 4 Percent

The unemployment rate rose by 0.3 percentage points in June for college grads. But even that reflected a healthy economy: It rose because more than 600,000 Americans joined the work force. Paychecks are growing at a slower rate than in previous expansions. Hanging over the labor market are President Trump's tariffs on goods from some of America's...

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  • Facebook CEO Mark Zuckerberg overtakes Warren Buffett as world's third richest person
Facebook CEO Mark Zuckerberg overtakes Warren Buffett as world's third richest person

Facebook stock closed at an all-time high of Friday, ending the day at $203.23 up 2.41% on a rally that shows that investors love the social network more than ever. According to the Bloomberg index around 20 per cent of the wealth which belongs to the world's 500 richest people, equivalent to $5 trillion, is made through technology.

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  • Fed Officials Discuss Rate Hikes That Could Slow Growth
Fed Officials Discuss Rate Hikes That Could Slow Growth

At the Fed meeting, officials unanimously raised the main lending rate for the second time in 2018 - to a target range of 1.75 percent to 2 percent - and lifted their median projection to a total of four hikes this year, from three estimated in March.

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  • Why higher unemployment signals a strengthening economy
Why higher unemployment signals a strengthening economy

With 93 straight months of job growth - a historical record - many employers have said they're feeling pressure to raise wages. The annual increase in average hourly earnings remained unchanged at 2.7%. In a note to clients ahead of the report, Spencer Hill, an economist at Goldman Sachs, said he expected the unemployment rate will fall to 3.7% a...

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  • Iran tells Trump: Stop tweeting, it's driving up oil prices
Iran tells Trump: Stop tweeting, it's driving up oil prices

If you've noticed that the prices at your local gas stations have been going up and down like a yoyo lately, you can blame it on the fickle price of oil. The reason why prices were soaring recently was the artificially limited supply from OPEC as well as political risk in Iran. Iranian OPEC Governor Hossein Kazempour Ardebili claimed Thursday...

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  • Micron says China ban unfair but won't hurt revenue
Micron says China ban unfair but won't hurt revenue

Micron Technology Inc said on Thursday a temporary Chinese ban on a patent infringement lawsuit against the USA chipmaker would hurt its fourth-quarter revenue by just 1 percent, stemming concerns of a bigger impact. "I think that China is using this case as a payback against the USA", said Ho in an interview with the Taiwan branch of New Yo...

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  • China accuses Trump of launching ‘the biggest trade war in economic history’
China accuses Trump of launching ‘the biggest trade war in economic history’

A 25% tariff is now being applied to $US34 billion worth of Chinese goods entering the United States, an amount China's government has previously promised to match on U.S. "Phenomenal growth", said Zampa, "There's concern now if there are retaliatory tariffs coming from China on wine, nuts, fruit and meats the business for our growers is going to...

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  • Business hiring forges ahead in June, with 213,000 jobs added
Business hiring forges ahead in June, with 213,000 jobs added

Major U.S. stock indexes were mostly higher Friday after the jobs report was issued, keeping the market on track for a weekly gain after two weeks of losses. Figures from April and May were also revised higher, indicating the creation of 37,000 more positions than previously expected. Canada's tight jobs market is beginning to bring more worker...

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  • US tariffs take effect, China warns of 'counterattack'
US tariffs take effect, China warns of 'counterattack'

China's imports from the U.S. were just US$130 billion past year and so Beijing does not have the capacity to hit back in kind, raising speculation it could respond by creating administrative headaches for companies in China. "And it's making American companies less competitive", Gonzalez said. "China is a big market for us". Al Jazeera's McB...

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  • 18,000 barrels of Bourbon at risk after rest of warehouse collapses
18,000 barrels of Bourbon at risk after rest of warehouse collapses

He is warning people who live in the area around the distillery not to use fireworks in their Independence Day celebrations because there is an increased risk of fire. Now, the company is looking to build a new warehouse with hopes of salvaging the barrels that are still intact. Following the first collapse, a Kentucky Energy and Environment Cabi...

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  • Boeing, Embraer forge US$4.75B commercial jet venture
Boeing, Embraer forge US$4.75B commercial jet venture

The statement gave no indication of any payment Boeing was making under the deal. The US aviation giant and the Brazilian planemaker on Thursday announced a preliminary agreement to establish a joint venture. Once the deal is finalized, the commercial joint venture would be led by a management team based in Brazil, including a president and CEO. ...

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  • Canada's Building Trades Unions Stands with Trudeau Government on Misguided US Tariffs
Canada's Building Trades Unions Stands with Trudeau Government on Misguided US Tariffs

This, however, represented a drop of 3% on March. According to the leaked draft of the Fair and Reciprocal Trade Act, the USA president intends to abandon the World Trade Organization's rules. "We've been very nice to Canada for many years, and they've taken advantage of that - particularly advantage of our farmers", Sanders said. In recent mon...

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  • Major Chinese banks ditching U.S. dollar to prop up domestic currency
Major Chinese banks ditching U.S. dollar to prop up domestic currency

Major currencies marked time on Wednesday and the Chinese yuan recovered from 11-month lows after authorities took steps on Tuesday to calm financial markets rattled by trade war worries, report Agencies. The People's Bank of China , which helps guide the yuan by setting a daily trading range, didn't immediately respond to a request for comment....

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  • Iran tells Trump to stop tweeting about oil prices
Iran tells Trump to stop tweeting about oil prices

Bank Wealth Management in Seattle. If Gulf countries do not increase oil outputs to cover the shortfall left by Iran , America may not defend them, US President Donald Trump has warned in a tweet . Brent crude LCOc1 was up 46 cents at $77.76 a barrel, after trading as low as $76.67 and as high as $78.85. But Tehran has threatened to take dr...

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  • Abu Dhabi Says It's Ready to Pump More Oil
Abu Dhabi Says It's Ready to Pump More Oil

US President Donald Trump on Saturday said Saudi Arabia's King Salman had agreed to his request to increase oil output "maybe up to" two million barrels. Last week, OPEC producers voted to ramp up crude production by up to 1 million barrels per day (bpd), a decision that should help contain the recent rise in global energy prices.

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