Money

Trump approves plan to impose tough China tariffs

But while strong words have been said within the Chinese media, the government has made it clear that its willing to engage with the United States on trade issu...


Microsoft is taking on Amazon in checkout-free retail stores

The technology would eliminate both checkouts and cashiers from stores, according to a Reuters story published Wednesday. It's supposedly flashed samples of t...


Toyota to invest $1 billion in Southeast Asian ride-hailing firm Grab

He also said that Toyota's large investment in Grab means it is less likely to back other ride-hailing rivals, placing Grab in a more favourable position. Hea...


Trump expected to take 'significant action' against China on trade

The tariffs, which Trump set in motion in March, are a response to China's practice of compulsory technology licensing for foreign companies and its efforts to ...


Elon Musk, Boring Company to negotiate with Chicago for Loop train system

Elon to the rescue: The city's deputy mayor, Bob Rivkin, actually name-checked Musk a year ago when the city issued the request, saying "The RFQ is agnostic ab...


SEC Director Says Ether Is Not a Security — Newsflash

President Chris Concannon said the SEC's decision could increase the chances that regulators will sign off on Ether futures. Previously, bitcoin and ether may...


Oil edges up, but bulls remain wary ahead of Opec meeting

There's one place that must be watched closely: the United States. Get hedged for the next oil and product price spike. So, the demand for Saudi oil will bounce...


No one earning minimum wage can afford a modest apartment

Not even in Arkansas , the state with the cheapest housing in the country. In no state in the country can a worker earning that state's minimum wage afford a ...


Oil eases on China refining dip, higher USA crude output

Oil prices dropped on Wednesday as a result of increased supplies in the U.S. Trump tweeted on Wednesday: "Oil prices are too high, OPEC is at it again"....


US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices

OPEC itself spotlighted U.S. output in its own monthly report on Tuesday, citing the growth of non-OPEC supply as one of several question marks hanging over th...


Uber aims to identify drunk passengers

The app's ability to predict user behaviour could also be used by Uber drivers to detect user's vulnerability. In theory, the system could generate an alert...


Tesla cuts 9 percent of workforce in bid to post profit

Musk said that the job cuts are part of Tesla's restructuring process. "Tesla has grown and evolved rapidly over the past several years, which has resulted in...


World Cup teams could train on Vancouver Island

Most national teams prefer to establish their pre-World Cup training compounds away from their first-round group-game cities. The winning bid listed 17 US ci...


Bitcoin's collapse is raising suspicions about price manipulation

The findings add to the growing concerns that Tether was used to artificially inflate Bitcoin for the benefit of a small group of big cryptocurrency holders...


Fed lifts rates amid stronger inflation, drops crisis-era guidance

The Fed now foresees four rate hikes this year , up from the three it had previously forecast . And that means higher interest rates on plastic. The tighter...


Italy accepts 900 migrants but 600 more continue onto Spain

Spain has offered to take it in and the ship is now on the dayslong voyage to Valencia. Italian maritime vessels, however, are still docking in its ports. "The ...


Traders see fourth Fed interest rate hike this year

The combined policy of the Fed, the European Central Bank, the Bank of Japan, and the Bank of England (G4 bloc) will be contractionary within months, perhaps da...


Trump renews attack on OPEC ahead of group's production meeting

In April, Trump also blasted OPEC on Twitter, accusing the group of "artificially" raising oil prices. "Statements by several parties suggest that action in ter...


German prosecutor hits Volkswagen with €1B Dieselgate fine

Prosecutors concluded that Volkswagen failed to properly oversee the activity of its engine development department, resulting in some 10.7 million diesel vehicl...


Made in India 'Uber Lite' rolls out for Android users

Many other accessibility-focused features are in the pipeline, as Uber Lite is now rolling out in India only as part of a "pilot" program, with "more countrie...


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