• China trade surplus with USA hits record $29bn high
China trade surplus with USA hits record $29bn high

Analysts expect to see the impact of the tariffs in July's figures. "We expect the trade numbers for July to disappoint since that's when the first round of U.S. "Targeting such a large amount of basic consumers will inevitably have an effect on U.S. inflation". Trump has said he may ultimately target more than $500 billion worth of Chinese goo...

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  • What's the Deal: Amazon Prime Day sneak peek
What's the Deal: Amazon Prime Day sneak peek

There are plenty of Whole Foods deals that are coming to your laptop, smart devices and physical stores on Amazon Prime Day (NASDAQ: AMZN ), including discounts on fruits, meats, vegetables and more . Dengler says the company's analysis shows that previous year, 76 percent of Prime Day prices were better than those on Black Friday. All you...

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  • US Ratchets up China Trade War, Threatens New Tariffs
US Ratchets up China Trade War, Threatens New Tariffs

China imported only $130 billion in goods from the United States past year, but it could retaliate through other means, including regulatory moves and investigations of U.S. Before now, the administration had deliberately avoided imposing tariffs on consumer goods in order to spare USA shoppers from direct economic pain. The list is subject to ...

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

That's not on the schedule, but the president makes his own schedule". The New Zealand dollar rose against the British pound to the highest level in nearly two weeks after UK Foreign Secretary Boris Johnson became the latest minister to resign from Theresa May's Conservative government over her Brexit plans.

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  • Elon Musk Sends Team to Thailand to Help in Cave Rescue
Elon Musk Sends Team to Thailand to Help in Cave Rescue

The group was found in the cave by British rescue divers 10 days after they went missing. If SpaceX is able to create an escape pod that works, Musk - who enjoys a kind of cult status in the business world for building superior products in challenging, capital-intensive industries - will only further burnish his reputation as a kind of Tony S...

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  • Iran downplays impact of United States sanction threats
Iran downplays impact of United States sanction threats

Earlier this month, however, the United States president pointed the finger elsewhere, blaming the Organization of the Petroleum Exporting Countries ( OPEC ) for high oil prices . Tehran blames rising prices on USA sanctions imposed on Iran and Venezuela , founding members of the cartel. "With those continued drawdowns at Cushing, we were a...

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  • Iran tells Trump: stop tweeting, it's driving up oil prices
Iran tells Trump: stop tweeting, it's driving up oil prices

Resistances: $ 74.76 (July 4 tops), $ 75 (round number), $ 75.27 (multi-year highs). Trump's plan is to get the Gulf countries to commit to increase output by over two million barrels per day to offset falling supplies elsewhere. Brent crude futures were at $77.78 per barrel at 0137 GMT, down 46 cents, or 0.6 percent, from their last close. Th...

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  • Boycott alert: Walmart sells
Boycott alert: Walmart sells "Impeach 45" t-shirts

The call for a Walmart boycott seemingly picked up steam as conservative media outlets spread the word about the shirts. In a statement given to the BBC, Walmart confirmed it was now reviewing its marketplace policies. When News4Jax searched the link the apparel was found on, it appeared to have been taken down . Some Twitter users have be...

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  • Auto tariffs will hurt U.S. economy, GM warns
Auto tariffs will hurt U.S. economy, GM warns

President Donald Trump , who directed his administration to investigate whether auto imports weaken national security, has threatened to slap European vehicle imports with a 20% tariff. It buys tens of billions of dollars' worth of parts from US suppliers every year, and has invested over 22 billion dollars in USA manufacturing operations since 20...

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  • Kicked Out Of Toys R Us On Its Last Day?
Kicked Out Of Toys R Us On Its Last Day?

A lot of kids are really probably shopping online Amazon a place like that, but there's something special about going to a store like Toys "R" Us", said Dale Shough, a customer. Another user, @carloslinera22, wrote: 'There are sad moments in life. but this, this broke me completely. "Thanks for recommendation. You know what they say, Geoffrey whe...

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  • Protesters swarm Iran's Grand Bazaar in Tehran
Protesters swarm Iran's Grand Bazaar in Tehran

Iran's latest economic troubles come against the backdrop of global firms pulling away from the country after President Donald Trump's decision to withdraw America from Tehran's nuclear deal with world powers. Tehran's sprawling Grand Bazaar has always been a center of conservatism in Iranian politics, and it remains an economic force within th...

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  • Trump Attacks Harley Over Possible Overseas Production
Trump Attacks Harley Over Possible Overseas Production

Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. Trump enjoyed the support of a group called "Bikers for Trump" in his 2016 presidential campaign and he invited Harley-Davidson representatives to the White House in February 2017 shortly after he took office, greeting them w...

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  • Trump Rages Against Harley Davidson Via Twitter, Casting Blame
Trump Rages Against Harley Davidson Via Twitter, Casting Blame

Wisconsin is the home of Harley Davidson . The legendary bike-maker says the production decision comes after it was caught between the new steel and aluminum duties imposed by President Trump , and retaliatory tariffs implemented by the European Union .

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  • Etsy sellers confront unknowns after Supreme Court ruling
Etsy sellers confront unknowns after Supreme Court ruling

Supreme Court that says states are allowed to collect taxes from online sales could boost Virginia's tax revenues by up to $300 million a year. The 5-4 ruling Thursday overturns two-decades-old Supreme Court decisions that affected online sales tax collection, decisions that states argued were costing them billions of dollars.

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  • Supreme Court Let States Tax Online Shopping
Supreme Court Let States Tax Online Shopping

The case, South Dakota v. Wayfair , overturned a 1992 Supreme Court decision that protected online vendors from sales tax obligations if the vendor did not have a physical brick and mortar store in the state. Now, for the first time since 1992, any of the USA states have the right to impose a tax on online shopping. A sales tax is supposed to ...

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  • Business leaders optimistic following US Supreme Court sales tax ruling
Business leaders optimistic following US Supreme Court sales tax ruling

Out-of-state sellers that meet minimum standards can be required to charge, collect and remit sales tax. The South Dakota law challenged in the case provided that a business having $100,000 in annual gross sales in South Dakota, or conducting 200 business transactions in South Dakota, needed to collect South Dakota's sales tax on those sales or...

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  • Canada legalizes recreational marijuana after Senate passes ‘historic’ legislation
Canada legalizes recreational marijuana after Senate passes ‘historic’ legislation

If the US government decides someday that its northern neighbor is on to something and ends its federal ban on marijuana , decisions on the subject should devolve back to the states . states that have embraced legalisation. Canada is set to become the first Group of Seven nation to legalise recreational marijuana after a bill from Justin Tr...

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  • Saudi oil minister proposes to increase supply by 1 million barrel
Saudi oil minister proposes to increase supply by 1 million barrel

On Wednesday, U.S. crude closed at $65.74 a barrel, down from a peak of almost $73 last month, and Brent crude, the worldwide standard, closed at $74.61, down from $80. "There were proposals but I don't think we can reach an agreement". Global oil prices rose Friday by over one percent on the day as analysts expected any OPEC+ crude output increa...

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  • South Korean crypto exchange loses $32 million from hack on Bithumb
South Korean crypto exchange loses $32 million from hack on Bithumb

The firm said the cyber heist occurred in the late Tuesday and was detected around 11 p.m., Bithumb halted all deposits two hours later and posted a notice on its website. Enthusiasm for virtual currencies has waned this year partly due to a string of cyber heists, including the almost $500 million theft from Japanese exchange Coincheck Inc...

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  • China Blasts New US Tariff Threat, Warns It Will Retaliate
China Blasts New US Tariff Threat, Warns It Will Retaliate

On Tuesday, the U.S. Dow Jones Industrial Average opened more than one percent lower. As the Trump administration threatened tariffs of $200 billion on China imports, the People's Republic was quick to react. The Chinese response clearly angered Trump. Trump's comments came hours after Secretary of State Mike Pompeo told a Detroit bus...

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  • Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production
Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production

The White House last week announced plans to slap 25 percent tariffs on 1,100 Chinese goods, worth $50 billion in imports. After being deferred, the duties on steel and aluminium went ahead on 1 June and affect the EU, Canada , Mexico and other close USA allies.

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  • Supreme Court rules on cellphone tracking
Supreme Court rules on cellphone tracking

The nation's highest court previously had determined that out-of-state retailers who don't have a physical presence in a state, such as a store or warehouse, couldn't be forced to collect that state's sales tax on purchases. "We think that incentive, that carrot if you will, is strong enough to clean up our state and local sales tax codes", McCar...

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  • Market Sentiment Suffers as US-China Trade War Concerns Escalate
Market Sentiment Suffers as US-China Trade War Concerns Escalate

President Donald Trump told Apple Chief Executive Tim Cook that the USA government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations. He added that China is a "predatory economic government" that is "long overdue in being tackled, " matters that inclu...

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  • Germany to refuse migrants from July if no European deal found: minister
Germany to refuse migrants from July if no European deal found: minister

Seehofer has been calling for Germany to turn back at its border migrants previously registered as asylum-seekers in other European countries. Interior Minister Horst Seehofer of the CSU has been one of the fiercest critics of Chancello Angela Merkel's liberal stance that allowed a million asylum seekers into Germany since 2015.

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  • Domino's paves potholes in Del
Domino's paves potholes in Del

So far Domino's has made repairs in four towns in California, Delaware, Texas and Georgia with their "Paving For Pizza " campaign. As part of the company's Paving for Pizza initiative, Domino's is helping cities tackle the plethora of potholes that remain after the snow and ice from last winter, so a big bump doesn't send a pizza flying on its...

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