• Tesla shares hit by report it is seeking refunds
Tesla shares hit by report it is seeking refunds

Shares of the company fell more than 4% in early trading Monday following the report. Tesla characterized it as a re-investment to continue the long-term growth between both players. Analysts say Tesla needs to sell a lot more cars. When approached, some suppliers said they were unaware of Tesla's demands. Musk has pushed back on naysayers, argui...

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  • McDonald’s Salad Outbreak Widens To 9 States
McDonald’s Salad Outbreak Widens To 9 States

The FDA reports that the outbreak started around May 1. The illnesses are a result of a tainted batch of lettuce from a McDonald's supplier in Streamwood, Illinois, according to the company. A recall was issued on June 15 of 6-ounce, 12-ounce and 28-ounce trays containing those items in clear, plastic clamshell packaging. Cycolspora is a si...

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  • US Dollar Sinks as President Trump Hits Fed on Hikes
US Dollar Sinks as President Trump Hits Fed on Hikes

Nevertheless, Trump's commentary on the Fed and the United States dollar raised the prospect that he might open another front in the trade wars the USA has initiated. Is a currency war coming? Trump's criticism of the Fed could backfire if Powell and the Fed feel the need to prove their independence. "So somebody would say, 'Oh, maybe you sho...

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  • Saudi Arabia Faces Problems Selling Extra Oil After Deal with US
Saudi Arabia Faces Problems Selling Extra Oil After Deal with US

The kingdom's crude output surged the most in three years last month, as Trump demanded his ally's help in cooling gasoline prices and filling in the supply gap that will be created by his sanctions on Iran. OPEC agreed to slash the output by 1.2 million barrels per day from January 1. More recently, however, officials such as Secretary of State Mi...

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  • Mega Millions soars to $493 million for Tuesday
Mega Millions soars to $493 million for Tuesday

Lottery players in Kansas have an opportunity to win over a half billion dollars in jackpot prizes this weekend. The Mega Millions jackpot now stands at $433 million. Earlier this year, two other Mega Millions winners made history - a prize of $451 million in January and another of $533 million in April. The last jackpot - $142 million - was wo...

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  • China's yuan falls against dollar, helping Chinese exporters
China's yuan falls against dollar, helping Chinese exporters

The Russell 2000 index of smaller-company stocks gained 0.6 per cent to 1,701.31. Stocks wobbled all week as investors reacted to solid company results as well as heightened trade tensions. Honeywell International advanced 3.8 percent as the industrial company raised its forecast for annual profits and sales amid strong demand from aerospace and de...

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  • Possible salmonella contamination causes a number of food recalls in Atlantic provinces
Possible salmonella contamination causes a number of food recalls in Atlantic provinces

Last week, Salmonella concerns prompted Flowers Foods to issue a similar nationwide recall for Swiss Rolls and a recall limited to Alabama, Florida, Georgia, North Carolina and SC for Captain John Derst's Old Fashioned Bread. No complaints of illnesses have been reported to date, the company said, and the recall is a precaution. Symptoms incl...

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  • Ritz Bitz sandwiches recalled for potential salmonella contamination
Ritz Bitz sandwiches recalled for potential salmonella contamination

The company said while the majority of affected products have already retrieved, customers should check any packages of rice featuring any of the lot codes listed here. The packages come in sizes of 1.26 kilograms, 180 grams and 42 grams. "Healthy people may experience short-term symptoms such as fever, headache, vomiting, nausea, abdominal cramps ...

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  • Facebook probing analytics firm with Russian ties
Facebook probing analytics firm with Russian ties

For now it's just a suspension - there's no evidence of wrongdoing yet - but Crimson Hexagon was blocked from the Facebook and Instagram feeds after the Wall Street Journal raised questions about its connections to the USA government, a Russian organization linked to the Kremlin, and the Turkish government.

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  • China's yuan plunges again. Is a currency war coming?
China's yuan plunges again. Is a currency war coming?

He then added, "Farmers have been on a downward trend for 15 years". Earlier this month, the U.S. imposed tariffs on $US34 billion ($45.8 billion) of Chinese imports. The administration says it wants China to end the theft of intellectual property from US companies and curb policies that require American and other foreign businesses to hand over te...

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  • Ryanair may cancel more flights over dispute with pilots
Ryanair may cancel more flights over dispute with pilots

Due to an ongoing labor dispute with its cabin crew , Ryanair announced on Wednesday that it would be canceling the 400 Spanish flights on July 25 and 26, a move that will leave at least 50,000 passengers grounded. " Ryanair sincerely apologises to our customers for these disruptions which we have done our utmost to avoid". The airline has no...

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  • Kenney apologizes for personal attack on PM Trudeau
Kenney apologizes for personal attack on PM Trudeau

The re-shuffle comes ahead of an October 2019 federal election. He pledged to drop the personal attacks, but went on to say that there are "plenty" of issues of substance he can take on, adding that Trudeau is "the most unpopular prime minister in history in Alberta, in polling history".

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  • These Were the Best-Selling Products on Amazon Prime Day
These Were the Best-Selling Products on Amazon Prime Day

The Milton Keynes team enjoyed a circus-themed day including cupcakes, free Prime Day t-shirts, a juggling competition, face painting, circus games and the chance to win lots of great prizes. Prime members can watch anytime, anywhere via the Prime Video app on Android and iOS phones and tablets, select Smart TVs, game consoles, Fire TV stick, App...

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  • Fiat Chrysler replaces CEO Sergio Marchionne for health reasons
Fiat Chrysler replaces CEO Sergio Marchionne for health reasons

The CEO of FCA since 2004, Marchionne has long said he anticipated stepping down in 2019. Sergio Marchionne , longtime CEO and chief for Fiat Chrysler Automobiles , stepped down Saturday due to serious complications after surgery, the company announced.

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  • Gold slips to 1-year low as United States dollar firms
Gold slips to 1-year low as United States dollar firms

The Fed has raised rates twice this year to the current range of 1.75 to 2 percent and has signaled two more rate hikes before the end of the year. Federal Reserve Chairman Jerome Powell on Tuesday offered a strong endorsement at least for now of the Fed's plans to keep raising rates this year because the U.S.

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  • Finally, sanitary napkins to be exempt from GST
Finally, sanitary napkins to be exempt from GST

The council also reduced taxation on 36 items including a host of daily products along with making the process of filing GST lot simpler. Fortified milk has also been fully exempted from GST. The GST Council reduced tax rates on more than 50 items and exempted sanitary napkins , rakhis, stone, marble, wooden deities and Saal leaves from GST.

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  • Burberry Burned Over $37 Million Worth of Products in a Year
Burberry Burned Over $37 Million Worth of Products in a Year

Meghan, the Duchess of Sussex wore a Burberry dark tartan coat during her trip to Scotland in February, while her sister-in-law, the Duchess of Cambridge, is a fan of their classic trench . Counterfeiters, Malone added, were "sticking the Burberry check on anything they could". The British fashion label claims it does so to protect its brand.

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  • Boeing, Hawaiian Airlines finalise deal on 787s
Boeing, Hawaiian Airlines finalise deal on 787s

AirAsia co-founder Tan Sri Tony Fernandes , a regular at airshows but who did not attend Farnborough this year, was also expected to expand the A330neo deal by around 30 aircraft to bring the order close to 100, worth US$30 billion at list prices, they said.

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  • Local councils go to court to stop London Heathrow expansion
Local councils go to court to stop London Heathrow expansion

A spokeswoman for London Heathrow Airport (LHR) confirmed that they have responded to an emergency. The airport has not yet revealed the cause of the alarm but apologised for the inconvenience it had caused. Terminal 5 was further affected by the situation - leading to an organisational nightmare for BA managers. "We are doing all we can to kee...

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  • China: US claim that XI blocked deal
China: US claim that XI blocked deal "bogus"

Mr. Kudlow said other Chinese officials, including Vice Premier Liu He , a key economic advisor, are open to reducing tariffs but Mr. Xi is stalling. "I think Xi is holding the game up", Kudlow said. Kudlow said China could resolve the dispute "this afternoon" by simply cutting tariffs, eliminating non-tariff barriers, and stopping the practice ...

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