Money

Amazon Delivers Record Q2 Profit, While Sales Miss Wall Street Forecasts

Amazon Delivers Record Q2 Profit, While Sales Miss Wall Street Forecasts Analysts are generally expecting earnings-per-share of $2.48 on revenues of $53.47 billion - up from a disappointing earnings-per-share of $.40 on revenues of $37.96 billion during the same period a year ago. According to the research firm eMarketer , Amazon's e-commerce revenue will grow more than 28 per cent this year to reach US$394 billion, and will account for 49 per cent of USA online... [Full Article...]

Social media companies continue to get slaughtered on Wall Street

Social media companies continue to get slaughtered on Wall Street Allegations of Russian meddling within the 2016 US election by spreading deceptive or divisive content material over social media have made the difficulty of bettering management over accounts and content material vital for Twitter . Announcing Q2 results , the company reported slightly better than expected revenues of $711 million and mostly in-line earnings of $0.17 per share. [Full Article...]

$543M jackpot Mega Millions winning Lotto ticket sold in San Jose

$543M jackpot Mega Millions winning Lotto ticket sold in San Jose The winning ticket was purchased at Ernie's Liquors and comes with a one-time cash option of $308 million (£234m). The Mega Millions pot, which increased by $10 million a few hours before the 11 p.m. Statistically, you have a one in 259 million chance of winning the Mega Millions jackpot . The game is played in 44 states, including MI. Census data on 2015 lottery ticket sales by state show ... [Full Article...]

Facebook CEO Zuckerberg loses $16b in 5 minutes

Facebook CEO Zuckerberg loses $16b in 5 minutes The stock plunged 19 percent in early trading Thursday, eradicating well in excess of $100 billion in market value. The stock plunge would wipe about $124 billion off the company's value, or almost four times the entire market capitalization of Twitter Inc. [Full Article...]

USA campaign against Iran is having an impact: Mike Pompeo

USA campaign against Iran is having an impact: Mike Pompeo The Iranian commander, who previously called United States soldiers in Iraq pants-pissing wimps during a visit to Syria, said: "Have you forgotten that you were providing your soldiers with adult nappies and today you are threatening us?" Soleimani called Trump a "gambler" and said his language belongs in "nightclubs". [Full Article...]

Trump says China trade talks go ‘really well’. Officials ask: ‘What talks?’

Trump says China trade talks go ‘really well’. Officials ask: ‘What talks?’ Trump will take his competitive approach on trade into a meeting Wednesday with European commission president Jean-Claude Juncker, who will come armed with proposals meant to appease the mad man behind the wheel. Trump urged farmers to be patient with his confrontational trade policies against China , the European Union and others. Some key farm-state lawmakers, such as Sen. [Full Article...]

Mega Millions ticket worth $1M sold in Delaware County

Mega Millions ticket worth $1M sold in Delaware County The jackpot, now at $522 million, has surged past $400 million for only the seventh time in the game's 16-year history. People in the Tri-State have until 9:59 p.m. The odds winning are 302,575,350 to 1. The store, located at 3400 Concord Road, sold a ticket worth a cool $1 million when the numbers were pulled on July 20 in a jackpot drawing worth $433 million, according to Pennsylvania lotter... [Full Article...]

Mega Millions Jackpot Reaches $422 Million for Friday Drawing

Mega Millions Jackpot Reaches $422 Million for Friday Drawing The last Mega Millions jackpot hit was for $142 million on May 4. The jackpot has now rolled over 22 times since the last Mega Millions victor on May 4. The record jackpot of $656 million was won on March 30, 2012. People can also win big without a flawless ticket. Tickets are $2 each, with the Megaplier option for an additional $1. [Full Article...]

Alphabet-owned Google continues dominance | Digital

Alphabet-owned Google continues dominance | Digital He wrote recently that Waymo's industry-leading technology in self-driving cars could lead to a "winner take most" position as the company is expected to roll out its first commercial service this year. Remove the fine and Alphabet's earnings rise to $11.75 per share and net income soars from $3.2 billion for the quarter up to $8.3 billion. Similarly, analysts don't expect European Union ant... [Full Article...]

U.S. announces billions to help farmers hurt by Trump tariffs

U.S. announces billions to help farmers hurt by Trump tariffs Retaliatory tariffs on goods such soybeans , pork, beef and bourbon have hit farmers' and others' bottom lines in Wisconsin, North Carolina, Ohio, Iowa and Kentucky. Farm state lawmakers and other groups quickly criticized what they called a bailout. Sen. The president's supporters say the short term blip will lead to long term gain, but now the administration feels obligated to prop up chafing... [Full Article...]

Trump tapping $12B to help farmers affected by tariffs

Trump tapping $12B to help farmers affected by tariffs Having already laid the groundwork for a further US$200 billion worth of further tariffs in early July, Trump said last week that he was willing to impose tariffs on all Chinese products imported to the United States, with the total value of good targeted reaching US$500 billion. [Full Article...]

Trump Amps up Criticism of Fed interest Rate Rises

Trump Amps up Criticism of Fed interest Rate Rises U.S. President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China , threatening to escalate a clash over trade policy that has unnerved financial markets. The White House quickly released a statement that followed Trump's remarks amid criticism. "By running tight monetary policy and loose fiscal policy, Trump has put nearly flawless... [Full Article...]

India scraps tampon tax after campaign

India scraps tampon tax after campaign Sanitary pads were taxed at 12 percent under the GST , which was launched a year ago. The council also approved a simplified return filing mechanism wherein all taxpayers, excluding small taxpayers, will now file one monthly return with two main tables - one for reporting outward supplies and one for availing input tax credit based on invoices uploaded by the supplier. [Full Article...]

Microsoft’s solid Q4 bolstered by strong Xbox, Surface numbers

Microsoft’s solid Q4 bolstered by strong Xbox, Surface numbers The smash-hit console powered Nintendo to $9.7 billion in net sales for its fiscal year ending in March, up 105 percent from the year before. But the star, as always, was Azure, which grew revenues 89 percent. Surface revenue was up 25 percent to $1.2 billion, a reflection of the stronger product lineup today as compared to a year ago. Leading the charge is the company's revenue was the comp... [Full Article...]

Both Amazon, Target bask in biggest sale days of year thus far

Both Amazon, Target bask in biggest sale days of year thus far Amazon Prime Day is back once again for 2018, taking place today (Monday July 16) until midnight on Tuesday July 17. Search results show empty lists despite stating that there are hundreds of results for the search query. Users dropping by the Amazon website will be automatically directed to the Prime Day homepage, which now showcases a number of sales across a variety of items. [Full Article...]

World stocks mixed under pressure of more U.S. tariffs

America's central bank has twice increased benchmark lending rates this year, following three raises last year. After the interview, Trump reiterated criticism of planned interest-rate hikes by the Federal Reserve , saying in a Twitter post that tightening policy would diminish any U.S. [Full Article...]

Tesla, China, Both to Benefit From 'Gigafactory' Deal

Tesla, China, Both to Benefit From 'Gigafactory' Deal If CEO Elon Musk and the rest of his team are successful, they could make a huge dent in the automotive market with a relatively affordable electric vehicle. The declining tax credit is seen as putting Tesla and GM at a disadvantage over newer entrants to the market, whose first 200,000 models will qualify for a full tax credit. [Full Article...]

The US economy has created more jobs than expected in June

The US economy has created more jobs than expected in June Despite strong hiring, wage growth remained sluggish, and was effectively erased by inflation: average hourly earnings rose just 0.2 per cent to US$26.98, putting wages up 2.7 per cent over the same month past year, the same as the 2.7 per cent rise in the Consumer Price Index. [Full Article...]

Oil slips as USA crude stockpiles show surprise build

Oil slips as USA crude stockpiles show surprise build USA crude slipped 2 cents to $72.92. USA crude futures were down 58 cents at $73.56 per barrel by 12:00 p.m. EDT (1600 GMT), still in sight of Tuesday's 3-1/2-year high above $75. Oil output cuts by the Organization of Petroleum Exporting Countries and allies including Russian Federation since January 2017 have reduced a glut of crude. [Full Article...]

Why higher unemployment signals a strengthening economy

Manufacturers hired 36,000 workers in June, the most in six months, adding to the 19,000 jobs created in May. That kept the annual increase in average hourly earnings at 2.7 per cent. It was 14.5 per cent in May, but 15.5 per cent in June. The labor force participation rate is still hovering near historic lows. But retailers shed 21,600 jobs, with the losses concentrated at general merchandise sto... [Full Article...]


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