China's trade surplus with United States swells in June

However, analysts said the June figures were a sign that exporters rushed to beat the initial tranche of tariffs, which came into effect in the first week of July. "There will be challenges facing foreign trade with rising instabilities and uncertain... More..

by | Published 4 days ago
A primer to save on Amazon Prime Day
by | Sunday, July 15, 2018

A primer to save on Amazon Prime Day

What is more , for the first time on Prime Day, members can shop from hundreds of deals from Amazon's worldwide selection. At the Amazon Prime Day Experience Zones, you will be able to experience severa...More..

Stocks slump, yen rises as United States raises stakes in trade conflict
by | Sunday, July 15, 2018

Stocks slump, yen rises as United States raises stakes in trade conflict

Officials will hold hearings in late August on the list of targeted products and an administration official said it would take about two months to finalise, at which point Trump would decide whether to go a...More..

Timeline: President's Donald Trump's rocky road to UK visit
by | Saturday, July 14, 2018

Timeline: President's Donald Trump's rocky road to UK visit

British Prime Minister Theresa May has a good relationship with Donald Trump and is confident a trade deal can be agreed with the United States after the president criticised her Brexit plans in an intervie...More..

Thai cave rescue: Elon Musk offers kid-sized submarine
by | Monday, July 09, 2018

Thai cave rescue: Elon Musk offers kid-sized submarine

Of course it's not the first time that he's offered help on Twitter , using the expertise of SpaceX and Tesla . Musk said the construction will be "complete in about 8 hours, then 17-hour flight to Th...More..

Oil rises even as Donald Trump demands OPEC cut prices
by | Monday, July 09, 2018

Oil rises even as Donald Trump demands OPEC cut prices

He also mentioned that a working group to discuss the plan was being formed. The lack of response in USA crude oil to a demand earlier this week by President Donald Trump that the Organization of the Petr...More..

Trump's tweets driving up oil prices
by | Friday, July 06, 2018

Trump's tweets driving up oil prices

The move lower is attributable to Saudi Arabia's willingness to increase demand at the request of US President Donald Trump . On the other, tightening supplies caused by unexpected disruptions from Libya to ...More..

Iran Warns Trump's Oil Ban Is 'Self Harm'
by | Friday, July 06, 2018

Iran Warns Trump's Oil Ban Is 'Self Harm'

OPEC and Russian Federation said in June they were willing to raise output to address concerns of supply shortages due to unplanned disruptions from Venezuela to Libya, and likely also to replace a potential ...More..

Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump
by | Wednesday, July 04, 2018

Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump

Ironically, the manufacturer who is responsible for these highly-contested shirts have also sold merchandise that is staunchly Pro-Trump, having mass-produced "Make America Great Again" hats in the past. "W...More..

GM may slash American jobs because of Trump tariffs
by | Tuesday, July 03, 2018

GM may slash American jobs because of Trump tariffs

The Department of Commerce is now accepting rebuttal comments for responses already submitted until July 6, and will hold public consultations in Washington in July. The Camry is manufactured in a Toyota...More..

Toys R Us closes final stores Friday
by | Sunday, July 01, 2018

Toys R Us closes final stores Friday

Toys 'R Us filed for bankruptcy in September 2017 and began closing its 735 USA stores in March, with the last and final round of the brick and mortar locations officially closing doors this week. "Because w...More..

Protesters swarm Iran's Grand Bazaar in Tehran
by | Thursday, June 28, 2018

Protesters swarm Iran's Grand Bazaar in Tehran

The currency has been sliding for months because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the pullout by Washington from the nuclear deal and...More..

Harley-Davidson responds to fake anti-Trump quote attributed to CEO
by | Thursday, June 28, 2018

Harley-Davidson responds to fake anti-Trump quote attributed to CEO

Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. Trump also threatened on Tuesday to tax any motorcycles the company ships into the ...More..

Trump Faces Trade War Fallout: Layoffs, Stock Declines and Harley's Move Offshore
by | Tuesday, June 26, 2018

Trump Faces Trade War Fallout: Layoffs, Stock Declines and Harley's Move Offshore

Harley Davidson said that the company's prices will not rise due to " an immediate and lasting detrimental impact to its business in the region". The EU implemented tariffs on just over $3 billion worth o...More..

Favorable U.S. tax ruling gives limited boost to big-box retailers
by | Monday, June 25, 2018

Favorable U.S. tax ruling gives limited boost to big-box retailers

North Dakota - that had blocked states from compelling retailers with no " physical presence " in that state to collect sales taxes. The U.S. Supreme Court on Thursday ruled that states may require online ret...More..

Realtors® Commend Supreme Court Decision Promoting Fairness Between Online, Main Street Businesses
by | Sunday, June 24, 2018

Realtors® Commend Supreme Court Decision Promoting Fairness Between Online, Main Street Businesses

The South Dakota law under review was the result of an intentional effort by South Dakota to pass a law with an "economic nexus" threshold for use tax collection purposes that would conflict with the "physic...More..

Supreme Court tax decision good news for Norman
by | Sunday, June 24, 2018

Supreme Court tax decision good news for Norman

The biggest online retailer, Amazon.com, took a small hit, even though it already collects taxes on its sales in all states. Amazon collects sales tax from customers in the 45 states that have a sales tax. Fo...More..

Look! Canada Becomes The Second Nation To Legalize Marijuana
by | Saturday, June 23, 2018

Look! Canada Becomes The Second Nation To Legalize Marijuana

The NLC will be in charge of pricing marijuana products, and will be allowed to sell up to 30 grams at a time to people 19 years of age and older. The federal government has also amended the country's impair...More..

Position-Squaring Ahead of OPEC Meeting Boosting Prices
by | Friday, June 22, 2018

Position-Squaring Ahead of OPEC Meeting Boosting Prices

Saudi Arabia is ready to add back production it had agreed to curb in 2016, even though it is benefiting hugely from a almost 75% spike in oil prices . In an historic agreement in late 2016 the OPEC+ group of...More..

Bithumb, South Korea's largest cryptocurrency exchange, loses $30 million to hackers
by | Friday, June 22, 2018

Bithumb, South Korea's largest cryptocurrency exchange, loses $30 million to hackers

In its announcement, Bithumb didn't disclose the exact details of the coins that were affected in the hack and in what quantities. But it underscored the potential vulnerabilities for web-based trading and ...More..

Global stocks tumble after new Trump tariff threat
by | Friday, June 22, 2018

Global stocks tumble after new Trump tariff threat

Another 280 or so still need to undergo a public comment period, and will take effect later. China's tariffs would target agricultural products, cars and seafood, among other items. If Intel makes a chip at...More..

European Union to impose duties on USA imports on Friday after Trump tariffs
by | Friday, June 22, 2018

European Union to impose duties on USA imports on Friday after Trump tariffs

The total amount of U.S. goods exported to China amounted to only US$130 billion (S$177 billion) past year, meaning that Mr Trump's potential tariffs on US$250 billion or more of Chinese imports can not be ma...More..

Supreme Court affirms privacy rights of cellphone users in 'Big Brother' case
by | Friday, June 22, 2018

Supreme Court affirms privacy rights of cellphone users in 'Big Brother' case

Many retailers, such as Amazon , Apple , Walmart , and Target , were already collecting sales taxes even if they didn't have a brick-and-mortar retail space in a state. Customers were generally responsibl...More..

Dollar, yen, Swiss franc rise on latest US tariff threat
by | Wednesday, June 20, 2018

Dollar, yen, Swiss franc rise on latest US tariff threat

He said the move would be in retaliation for China's decision to raise tariffs on $ 50 billion in United States goods. Slapping tariffs on $200 billion more in goods, in addition to the $34 billion alrea...More..

Difficult Merkel allies mull next move in German migrant row
by | Wednesday, June 20, 2018

Difficult Merkel allies mull next move in German migrant row

The political opponent undermining Merkel's political line comes from her own coalition - from Germany's interior minister Horst Seehofer, the leader of the Christian Social Union (CSU), the sister party of M...More..