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Goldman Sachs CFO Calls Trading Desk Rumors "Fake News"

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In a few days, the index number of cryptocurrency amplified significantly from 51 to 55 percent as a result of largely lost out tokens against bitcoins. Ruling out the effect of the bank on the fate of BTC and its inability to regain previous resistance portrays the effect of a large sell-off resulted because of large sell pressure built on Bitcoin apparently since August. Read More »

CBS board discussing Moonves exit, a clearer way for a sale

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The discussions include a $100 million exit package for CEO Leslie Moonves , who was accused of sexual assault and sexual misconduct in a July article in The New Yorker . The Journal also reports that the independent directors are seeking an assurance that CBS parent National Amusements won't seek to combine CBS with sibling company Viacom, something Moonves has long resisted. Read More »

Bernie Sanders’ ‘Stop BEZOS’ Bill Targets Worker Pay At Amazon, Walmart

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The Stop Bad Employers by Zeroing Out Subsidies Act targets companies with more than 500 employees, including part-time workers and contractors, by imposing a tax equal to the amount of money employees use in federal benefits, such as Supplemental Nutrition Assistance Program, Medicaid, school lunch programs and Section 8 housing. Read More »

Burberry stops burning unsold goods and using real fur

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Gobbetti added that the belief is core to Burberry and key to the company's long-term success, as the company is committed to applying creatively in the same way to all parts of the company as it does with its products. The reason given for this was an effort to stop counterfeiting and protect the brand. At the time, Burberry said that it only destroyed items that carried its trademark and that the burning of cosmetics was a one-off action related to a license with the beauty company Coty. Read More »

Doubling of China trade tariffs 'ready to go'

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China's trade surplus with the United States ballooned to a new record US$31 billion in August despite a raft of U.S. tariffs, official data showed Saturday, adding fuel to the flames of a searing trade war. consumers", the company said. TRT World's Patrick Fok has more . Beijing has warned that it would hit back with duties on US$60 billion in American products - a much smaller figure that shows China will not be able to match USA tariffs dollar-for-dollar. Read More »

Could 'soon' impose tariffs on $200B in Chinese goods: Donald Trump

He previously had threatened to hit 100 per cent of imports from China if the country failed to address U.S. concerns over theft of United States technology and barriers to American goods and investments. But David French, top lobbyist for the National Retail Federation, whose members include Amazon.com (AMZN.O), BJ's Wholesale Club (BJ.N) and Macy's (M.N), said almost every consumer good could be affected if Trump follows through on all threatened tariffs. Read More »

Obama speaks at U of I: Trump is ‘capitalizing on resentment’

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Obama did not mention any Democratic candidates from IL in his speech, although gubernatorial candidate J.B. Pritzker, Comptroller Susana Mendoza and state Treasurer Mike Frerichs were all in the crowd. The speech comes ahead of Obama's first campaign events of the midterms: a rally for a handful of Democratic congressional candidates in California on Saturday and an event for Richard Cordray , the Democratic gubernatorial candidate in OH, next Thursday. Read More »

Fuel price hike: Petrol, diesel prices breach record levels on Friday

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Diesel cost Rs 75.61 per litre against Rs 75.39 on Wednesday. The result is, the centre would have earned over Rs 10 lakh crore from taxes on petrol and diesel between 2014-15 and 2018-19. Diesel cost Rs 75.96 in the country's commercial capital, compared to Rs 75.74 on Wednesday. Most fuel taxes are a percentage of the price (ad valorem) which means government's tax earning goes up as price increases. Read More »

Mercedes readies first Tesla rival in €10-billion attack

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Mercedes has shown how it is aggressively aiming for the top spot in the upscale battery cars market, now dominated by Tesla , as it unveiled its first fully electric vehicle at an event in Stockholm. The executive also said that the official United States range will be communicated closer to market launch. In addition to the Model X, which starts at about $85,000 before tax rebates, the rivals include the coming e-tron and Jaguar Land Rover's well-received $70,000 I-Pace. Read More »

FDA again warns against eating Honey Smacks due to salmonella

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According to the agency : "CDC estimates Salmonella causes about 1.2 million illnesses, 23,000 hospitalizations, and 450 deaths in the United States every year". Honey Smacks are not safe to eat. Kellogg's Honey Smacks is an oval-shaped, sweetened puffed wheat cereal with a golden brown color. The CDC warns that any container used for the cereal should be thoroughly washed with warm, soapy water before using it again, to remove harmful germs that could contaminate other food . Read More »

Elon Musk calls British cave diver 'child rapist' in new claim

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All of this comes after Unsworth retained the services of a lawyer to begin defamation action against Musk , who first bandied about his claims on Twitter in July. Lin Wood, and other confidential sources. CEO Elon Musk continues to dent the profile of the otherwise sleek automaker with his unfiltered, non-PC prattling. Read More »

JD.com CEO Being Investigated for Rape

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Liu returned to China following his release and showed up at JD.com's Beijing headquarters on Tuesday morning to sign a strategic partnership with Chinese textile manufacturer Ruyi Group. "There's no credible complaint", defense attorney Joseph Friedberg said on Tuesday. Nasdaq-listed JD.com said in a statement Sunday that Liu was falsely accused while in the USA on a business trip, and that police investigators found no misconduct and he would continue his journey as planned. Read More »

Toyota recalls 1 million vehicles for fire hazard

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Borneo Motors (Singapore) said that it will be working with Toyota Motor Corporation and the Land Transport Authority to support the parallel-imported C-HR HV models. Toyota will begin notifying affected Prius owners this month. According to the report, the recall was first announced in Japan, but Toyota said it would expand that recall to cover vehicles around the globe. Read More »

Amazon India launches hindi version; targets 100 million customers

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The company says that for the first time customers will be able to enjoy the shopping of Diwali in Hindi. The new button provided in the Menu helps you to switch between English to Hindi and as of now, it is displaying only the top products along with important shopping information in the Hindi language. Read More »

Friends prank McDonalds with poster kept up for 51 days

Noticing that none of the photos on the other walls had any Asians portrayed in them, they joked that they should take a photo of themselves and put it up in the blank spot. He dressed up as an employee, and with the help of friends, put up the poster while real staff were not looking. On Sunday night, Maravilla tweeted about the prank and in 24-hours, it has gone viral with more than 100,000 retweets and 400,000 likes. Read More »

South Africa is officially in a recession

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A recession is defined as two consecutive quarters of declining gross domestic product (GDP) and points to a prolonged slowdown in economic activity‚ which stunts job creation and damps investment. But mining, construction, electricity, finance and personal services experienced growth in the second quarter. Exports grew substantially by 13.7% in the second quarter, with a rise in the exports of pearls, precious and semi-precious stones as well as vegetable products. Read More »

Oil prices higher as USA sanctions limit Iran exports

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Thanks to the US Labor Day holiday, trading volumes in both US and European crude oil futures were relatively light. Oil production is rising all across the top producers. French bank BNP Paribas struck a similar tone, warning of "supply issues" for the rest of the year and into 2019. Brent has traded between $70 and $80 since April; a range that Saudi Arabia and other producers in the Organization of the Petroleum Exporting Countries would like to see maintained for now, OPEC and ... Read More »

Amazon becomes the world's second trillion dollar company after Apple

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Amazon has become the second publicly traded company to be worth $US1 trillion, hot on the heels of Apple . The iPhone maker's market cap is still over $ 1 trillion . Apple became the first trillion-dollar company early last month. Following its new peak, Amazon's stock immediately began to tumble, coming to rest at $2,024.67 around 12:30 p.m. Read More »

Amazon hits $1 trillion market value milestone

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Even with Amazon hitting the $1 trillion mark, Ben Barringer, an equity research analyst at Quilter Cheviot, said Amazon still has a long way to go - but say they, one day, could end up bigger then Apple. Amazon had $178 billion in revenues previous year. Bezos founded the company in his Seattle garage as a small online book seller. Congratulations on the $1,000,000,000,000, Jeff Bezos. Read More »

LatestNews - California lawmakers pass toughest net neutrality law

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The Bill would also prohibit promotions of free streaming for apps, a practice that can stifle the businesses of other websites that don't have the resources to offer such promotions. Analysts say other states are watching how California will handle the issue. -Electronic Frontier FoundationAfter its passage but detailing the effort of the major telecom companies to kill the bill, the Electronic Frontier Foundation in a statement celebrated the organized grassroots effort-both online and ... Read More »

China to limit number of online games over myopia fears

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The Chinese government is using the eyesight of kids as an excuse to implement new restrictions on the sale of new games. "Parents should minimise the use of electronic products when they are with their children", the ministry said. Tencent's ADRs fell 7 per cent in United States trading after the Education Ministry's statement, while NetEase Inc., its closest competitor, fell 7.2 per cent. Read More »

Petrol at Rs 86.25 in Mumbai, highest ever for any metro city

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The effect of rising crude oil prices in the global market has also contributed to the weakening of the Indian Rupee which sank to Rs 71 per United States dollar days ago. Fuel prices have now increased for the ninth straight day in all four metros. Diesel now costs Rs?75.54 per litre in Mumbai. Fuel prices vary from State to State due to local levies. Read More »

Coca-Cola is buying UK-based Costa Coffee for $5.1 billion

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Britain's hospitality company, Whitbread Plc., owners of the Premier Inn budget hotel chain, acquired Costa Coffee in 1995 from the chain's founders, Sergio and Bruno Costa for £19 million ($24 million) when it had only 39 outlets. For Cola-Cola ownership of Costa Coffee stores provides the expertise in coffee, a platform to further grow its non-aerated drinks portfolio and the opportunity to cross-leverage its soft drinks, juices and water at Costa Coffee stores. Read More »

CBOE Will Reportedly Launch Ethereum Futures Trading By The End Of 2018

The media ( Business Insider ) became aware of the plan from CBOE's message to its market makers. By this logic, ETH futures trading will provide an opportunity for bears to short Ether. The sources indicated that the only thing standing in the way of a rollout is the green light by the Commodities Futures Trading Commission (CFTC). Read More »

Google, Mastercard cut secret deal to track your offline shopping

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Google has reportedly approached many other companies about the platform, but there's no information on what or how many deals have been signed. A partnership between Google and Mastercard allows the search giant to track offline sales data, says a Bloomberg report who cited four people "with knowledge of the deal". Read More »

Sterling jumps on Brexit hopes, but no-deal risk caps gains

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But London has so far rejected the idea of the backstop, saying it would create a border between Northern Ireland and the rest of the UK. Mr Raab said that he wanted to continue "accelerating and intensifying" negotiations, adding: "We're committed to resolving the deal by (the October council) and ultimately on my side I am stubbornly optimistic that a deal is within our reach". Read More »

Uber shifting to e-bikes and scooters

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Scoot runs a shared electric Vespa-like scooter program in the city already and a bike-share program in Barcelona, while Skip offers shared electric scooters in Washington, D.C., and Oakland, Calif. Prior to the approval, the San Francisco Board of Supervisors approved legislation that made it illegal for companies to operate scooters on city streets without a permit from the SFMTA. Read More »

Ford Kills Plan To Sell Chinese-made Vehicle In United States

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The automaker announced the decision on Friday, saying that the previously imposed tariffs on Chinese products - and the prospect of more in the future - are likely to hit the company's bottom line. The company has said that almost 90 percent of the vehicles it sells by 2020 will be SUVs, trucks or commercial vehicles. "All of that imported say material would be discipline to tariffs as successfully". Read More »

India’s GDP Grew 8.2% in the Last Quarter

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Ashima Goyal, member of Prime Minister's Economic Advisory Council PMEAC said , "8 percent gross value added (GVA), 8.2 percent gross domestic product ( GDP ) is really good, but we must remember that it is on a low base last quarter". This compares to the world's expected average growth of 3.9 percent. India's economy expanded at the fastest pace in nine quarters, as strong domestic consumption and robust manufacturing growth overwhelmed any global trade-war worries. Read More »