• Apple becomes first U.S. trillion dollar company
Apple becomes first U.S. trillion dollar company

Apple is now officially the first trillion-dollar American company , after its stock price ended yesterday at $207.39. It became the first $900 billion company exactly nine months ago, on November 3, 2017. Apple's quarterly results on Tuesday "will likely deliver the count through June 30". All the enthusiasm around the $1 trillion market capita...

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  • Molson working to create non-alcoholic drinks infused with cannabis
Molson working to create non-alcoholic drinks infused with cannabis

Recreational marijuana will become legal in Canada on October 17. Toronto-based Molson Coors announced Wednesday that it would be entering into a joint venture with Canadian cannabis company The Hydropothecary Corporation ( HEXO) to produce and sell alcohol-free cannabis drinks as marijuana legalization fully engages in the country.

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  • That’s trillion with a T-Apple hits market value of $1 trillion
That’s trillion with a T-Apple hits market value of $1 trillion

It became the first $900 billion company exactly nine months ago, on November 3, 2017. This explosive growth has led to a sizable increase in Apple's stock price, boosting the tech giant's market cap to an incredible $1 trillion. "Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges - and ...

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  • Trump, China trade war: 25% tariff on $200 billion of Chinese import
Trump, China trade war: 25% tariff on $200 billion of Chinese import

Trump has said in the past that " Trade wars are good and easy to win". In addition to the tariffs now in place, the Trump administration has proposed an additional 10 percent tariff on an additional $200 billion worth of imports from China.

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  • Apple just became the first $1 trillion public company
Apple just became the first $1 trillion public company

The milestone was crossed when Apple's stock hit $207.05 share, and comes just days after Apple reported its third quarter fiscal earnings . The rise is even more astonishing - 50,000% - since the company first listed in 1980. Apple Chief Executive Tim Cook has a trillion reasons to smile. Also propelling Apple higher in recent months was App...

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  • Trump administration ups ante in trade fight with China
Trump administration ups ante in trade fight with China

China's foreign ministry called this "blackmail" and warned that policies like this would "only produce the opposite of the desired result". "It remains unchanged. The duties could take effect as soon as September. "Escalating tariffs against China is the wrong approach to address legitimate concerns U.S. businesses have with China's harmful pr...

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  • Apple becomes 1st private company worth $1 trillion
Apple becomes 1st private company worth $1 trillion

Apple has won the race to a $1 trillion valuation ahead of its so-called FAANG rivals ( Facebook , Amazon , Netflix , Google ). It could cement customer loyalty to these brands, enhancing a perception of quality. The trillion dollar trophy can only bring more scrutiny and even higher expectations. Howard Silverblatt , senior index analyst at...

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  • OPEC Oil Production Hits 2018 High In July
OPEC Oil Production Hits 2018 High In July

Iran has renewed threats to block the Strait of Hormuz since the U.S. announced its plan to reinstate sanctions and cut shipments from OPEC's third-largest producer to zero from about 2.5 million barrels a day now. Natural gas futures for September were up $0.015 or 0.54%, at $2.797 per million btu. Weighing on prices was a report by the Ame...

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  • McDonald’s coffee calamity: Pregnant woman served cleaning solution in her latte
McDonald’s coffee calamity: Pregnant woman served cleaning solution in her latte

Upon lodging a complaint she learnt from staff members that two cleaning lines were linked to the coffee machine. Lethbridge News Now reported that the McDonald's supervisor showed Douglas the bottle of cleaning solution so she could provide poison control with details about chemical she just consumed.

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  • Chipotle slumps nine percent after OH outlet linked to food poisoning complaints
Chipotle slumps nine percent after OH outlet linked to food poisoning complaints

The health department received another report Monday that two more people experienced similar symptoms after eating meals from the location, according to location inspection reports. An investigation was carried out after several people reported illness after eating at a single Chipotle in Sterling; two people subsequently tested positive...

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  • Tax Free Weekend in Missouri Set for August 3-5
Tax Free Weekend in Missouri Set for August 3-5

Some clothing , school supplies , and instructional materials will be exempt from sales and use tax. The tax holiday will last until 11:59 p.m. on Sunday, Aug. The first time the sales tax holiday occurred in 2015 an extra $4.7 million in consumption was generated, along with saving consumers approximately $3.3 million, according to a study...

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  • Indian central bank raises rates for second time
Indian central bank raises rates for second time

If the economy performs in the way the Bank expects, further increases in interest rates "would be appropriate", it said. Bank of England Governor, Mark Carney, speaks during the central bank's quarterly Inflation Report press conference in London, Britain August 2, 2018.

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  • Apple’s Market Cap Hits $1 Trillion
Apple’s Market Cap Hits $1 Trillion

Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday. The iPhone-maker entered the rarefied air of a 13-digit market cap as its share price hit $207.05. A company's market value is calculated by multiplying its current share price by the total number of shares investors hold. The company's stock...

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  • China calls on United States to be 'cool-headed' in trade war
China calls on United States to be 'cool-headed' in trade war

Robert Lighthizer said Mr Trump directed the increase because China refused to meet USA demands and has imposed retaliatory tariffs on U.S. goods. German firms operating in the US and China have been hit massively by the ongoing US-China trade conflict, as tensions escalate between Washington and Beijing.

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  • Google plans censored return to China search market, reports say
Google plans censored return to China search market, reports say

While it is unclear how many sites will be filtered out by Google's censored search engine, Wikipedia and the BBC were specifically mentioned in company documents as websites that would be blacklisted. Google had cried foul over what it said were cyberattacks aimed at its source code and the Gmail accounts of Chinese human rights activists. In ...

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  • Dixons Carphone admits breach affected 9m more customers
Dixons Carphone admits breach affected 9m more customers

No more credit card information or bank details, but emails, addresses, and names are all included. It's still not known how the hack occurred, but the company says it has almost completed its investigation into the incident and is "continuing to keep the relevant authorities updated".

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  • Bank of England set to raise rates to highest level since 2009
Bank of England set to raise rates to highest level since 2009

One basis point is equivalent one-hundredth of a percentage. Replying to a question about whether borrowing is cheaper in the UAE or in India for NRIs, Valecha said: "It is cheaper to get a loan in UAE than in India as of this hike, although the US Federal Reserve is supposed to hike rates much more aggressively than the RBI".

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  • Low Wild stock to watch: Tyson Foods, Inc
Low Wild stock to watch: Tyson Foods, Inc

Tyson Foods traded down $0.15, reaching $63.56, during midday trading on Friday , according to Marketbeat . The company has a current ratio of 1.56, a quick ratio of 0.69 and a debt-to-equity ratio of 0.73. At the end of March reporting period, 335 institutional holders increased their position in Tyson Foods, Inc . Tyson Foods, Inc . stock ...

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  • Bank of England raises interest rates with unanimous vote
Bank of England raises interest rates with unanimous vote

The Bank of England is expected to hike interest rates to their highest level for nearly a decade on Thursday. In its statement on Thursday, the central bank said it saw "tentative signs that actual and prospective protectionist policies were starting to have an adverse impact" on global trade.

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  • Huawei firmly stands as world's 2nd smartphone manufacturer, Xiaomi 4th despite losses
Huawei firmly stands as world's 2nd smartphone manufacturer, Xiaomi 4th despite losses

The top three brands Samsung , OnePlus and Apple contributed to 88 per cent of the overall premium market as compared to 95 per cent a quarter ago. The top two smartphone vendors are now from Asia - and Chinese brands are continuing their ascent towards force-to-be-reckoned-with status. This can be attributed both to increased awareness of t...

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