Business

Mark Zuckerberg is world’s third-richest person, replaces Warren Buffett

While Facebook stock hit an eight-month low of $152.22 in late March after massive scrutiny over the company's handling of user data, its shares closed Friday a...


June jobs report, July 6, 2018

The labor force participation rate also went up by 0.2 percent to the current 62.9 percent after 601,000 joined the civilian labor force. This suggests renewed ...


Oil prices fall as Donald Trump demands OPEC ‘reduce pricing now’

So far this year, the price of Brent crude oil , which is used as the worldwide benchmark price, has risen by 20 percent to about $78 per barrel. USA crud...


China Places Clamps on Micron Sales

Micron Technology Inc said on Thursday a temporary Chinese ban on a patent infringement lawsuit against the US chipmaker would hurt its fourth-quarter reve...


USA tariffs take effect, China warns of 'counterattack'

But that step drives up costs for US companies that rely on Chinese-made machinery or components and may force them to pass them along to their business custome...


The rise in the U.S. unemployment rate isn’t bad news

Economists surveyed by Bloomberg News had projected the unemployment rate would remain unchanged at 5.8 per cent, which matched the lowest on record. The labo...


The dollar is sliding as US-China trade war materializes

Meanwhile, Russia said it would introduce extra duties on a range of products imported from the US. China's Commerce Ministry said it would be "forced to make...


Elon Musk offers help in Thailand cave rescue

Mr Musk's companies could help by trying to locate the boys' precise location using Space Exploration Technologies Corp or Boring Co technology, pumping water o...


ZTE names new CEO, top executives to comply with USA mandate

The deal, brokered by the Trump administration and signed on June 6 , requires the smartphone maker to pay a $1 billion fine, place $400 million in escrow as i...


United States jobs growth stronger than expected

WASHINGTON-The unemployment rate ticked up in June from an 18-year low, but steady hiring and an increased number of job seekers suggest a strong labor market d...


Bourbon warehouse collapses near Louisville, Kentucky

An estimated 9,000 bourbon barrels tumbled to the ground Wednesday, 12 days after approximately 9,000 barrels were impacted in the first collapse at Warehouse 3...


Watchdog rules Grab's buyout of Uber's regional business unlawful

It has also issued a Proposed Infringement Decision against the transaction. The commission said in a statement on Thursday it proposed the fines because Uber...


Shouting CEO, changing rules: inside Tesla's Model 3-building sprint

Hitting the 5,000 mark "was not easy but it was definitely worth it", the statement said. After 12 months of production "hell" that included revised timetable...


Boeing puts $3.8bn bet on small jets

The Boeing-Embraer alliance, following on the heels of the Airbus-Bombardier tie-up announced previous year, represents the biggest realignment in the global ae...


Baidu’s self-driving buses roll off production lines as AI transformation continues

The buses will be put into demonstration operations in Beijing, Xiongan, Pingtan, Guangzhou, Shenzhen and other Chinese cities. Each bus can seat up to 14 passe...


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

Until Lopez Obrador is sworn in, members of the current Mexican administration will continue to serve as the country's lead NAFTA negotiators, the official said...


China Will Halt Any Disorderly Yuan Slide, Morgan Stanley Says

Trump told the World Trade Organization on Monday that "we'll be doing something" if the United States is not treated properly, just hours after the European Un...


Everything You Need to Know About Nathan's Hot Dog Eating Contest

The judges originally counted 64 hot dogs, but it was later revealed that an entire plate wasn't counted. Or, if you're Tucson's Michelle Lesco, 28 of them. The...


Trump to OPEC: 'Reduce pricing now!'

While OPEC is facing mounting pressure from Trump to do more , America's sanctions on group members Iran and Venezuela are adding uncertainties, just as USA ...


Saudi cabinet says ready to use spare oil capacity as needed

Trump would decide to tap the Strategic Petroleum Reserve for extra barrels of crude. He also noted it always takes at least two months before a change in shipp...