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Facebook (FB) Stock Sinks as Revenue Misses Expectations

The company remains in a dominant position in mobile advertising alongside Alphabet Inc's Google. Based on the company's recent second-quarter financials, ...

Brent oil price up as some Saudi Red Sea shipments suspended

Saudi Arabia's oil minister, Khalid Al-Falih, confirmed that two VLCCs operated by state-owned shipping company Bahri were attacked by Houthi rebels Wednesday m...

China to pull approval for Facebook's planned venture: NYT Trading Ideas

The social media giant said the office in China would be the same as hubs it has set up elsewhere, such as in France, Brazil, India and South Korea. The subsid...

Trump & EU Agree On Deal To Lower Trade Barriers

His remarks effectively contradicted what Treasury Secretary Steven Mnuchin said during a House Financial Services Committee hearing on July 12: that negotiat...

British reject Mays Brexit plan, some turn to Boris and far right

The document is the most clear presentation yet of how the government intends the relationship between Britain and the European Union to be little changed dur...

Some GOP lawmakers critical of relief program for farmers

Sen. James Lankford , R-Okla., said the last-minute stagecraft, in which President Donald Trump announced an agreement in principle on trade along with E...

Oil prices rise on hike in stockpiles

He also said Washington would resume sanctions against Tehran after Trump withdrew in May from a 2015 nuclear deal with the aim of getting Iranian oil imp...

Winning ticket for $522 million jackpot sold in California

Six are worth $1 million each, sold in Arizona, Massachusetts, Michigan, Minnesota and two in New Jersey, lottery officials report. The one-time cash option i...

Facebook Shares Plummet After Missing User, Revenue Targets

The quarter was also marked by Europe's implementation of strict new data laws, which Facebook said led to fewer daily visitors in that region. Wednesday's ...

Trump to Provide $12 Billion in Aid to Farmers. Critics Cry ‘Welfare!’

Mr. Trump has suggested a zero-tariff deal to level the trade playing field and create what he calls a "fair and reciprocal" trading relationship. "The aim...

Donald Trump accuses China of using ‘vicious trade tactics’

President Donald Trump accused China on Wednesday of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade a ...

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66

Five years later, Marchionne became the CEO of the combined Fiat Chrysler company, as USA carmakers were struggling to escape the fallout of a crisis in the...

Trump plans emergency aid to farmers affected by his tariffs

The government announced a $ 12 billion plan Tuesday to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other t...

Mega Millions jackpot at $522 million ahead of Tuesday drawing

Individual lottery tickets cost $2 and can be purchased up until 7:45 p.m. You'll be taking home a far smaller but still impressive sum of $308.1 million - befo...

China refutes U.S. allegations of currency manipulation

President Donald Trump's move in March to impose steep tariffs on billions of dollars' worth of Chinese goods. Asian stocks took Wall Street's cue on Monda...

Satellite images show North Korea is 'dismantling facilities at ballistic missile site'

An official from South Korea's presidential office on Tuesday said Seoul has also been detecting dismantlement activities at the Sohae launch site but did not...

Donald Trump: 'Tariffs are the greatest!'

Before departing for Kansas City, Trump tweeted that US trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs". Trump has thre...

Prompted by Salmonella Concerns, Pepperidge Farm Recalls Goldfish Crackers

A supplier has recalled its whey powder because of the potential presence of the bacterium salmonella . Pepperidge Farm said in a statement that there have b...

Alphabet shrugs off European Union fine to bring in $3.2 billion Q2 profits

Alphabet is facing regulatory headwinds on both sides of the Atlantic as lawmakers grow increasingly concerned about its dominance of online advertising. Adjust...

Alphabet profits jump despite record European Union fine

Last week, European Union officials slapped a 4.34-billion-euro ($5 billion) penalty on the U.S. tech giant for illegally abusing the dominance of its operating...

Tesla says supplier discount request was for ongoing projects

In a note to clients, Citi Investment Research analyst Itay Michaeli stated that Tesla's refund requests to its suppliers gave the impression that the negotia...

Tesla shares drop on report that it asked suppliers for refunds

Tesla's rally call was aimed at all suppliers, although in the memo it was not made clear how they were expected to comply with the company's request for refun...

Mega Millions Jackpot Climbs To $493 Million

This is the 6th largest Mega Millions jackpot in the game's history. Pennsylvania lottery players hoping to hit it big on the Mega Millions game have more hop...

Donald Trump willing to slap tariffs on all Chinese imports

In the last two decades, bilateral trade between Nigeria and China has grown rapidly, rising from $2.8 billion in 2005 to $14.9 billion in 2015, which is a 430%...

Gold slips to 1-year low as U.S. dollar firms

Powell, who joined the Fed in 2012 as a board member, succeeded Janet Yellen as chairman in February after Trump decided not to offer Yellen a second term. Po...

South probes North Korean coal shipments

Pyongyang has consistently accused the South of abducting the women, who had been stationed at one of the North's overseas posts in China. China, its biggest ...

The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

The US dollar relinquished gains from earlier in the day and Treasury yields dropped following the president's remarks. Benchmark 10-year USA notes last fell ...

Mike Manley replaces Sergio Marchionne as boss of Fiat Chrysler

Known for sleeping only briefly each night, Marchionne, who is also a lawyer, was holding multiple leadership roles in the companies, notably as CEO of FCA - ...

GST Council reduces tax rates on more than 50 items

The GST Council in its 28th meeting reduced rates for a host of consumer centric items like perfumes, cosmetics, refrigerators, washing machines, and small scre...

China slams senior USA official's remarks on trade dispute

Kudlow, director of the National Economic Council , sounded optimistic about the path of the US economy. China on Wednesday said it was "shocking" for a US...

Trump rips Fed again for hiking interest rates

In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500", referring roughly to the $505.5 billion in goods imported a year a...

Trump trespasses on Fed's independence by blasting Powell's rate hikes

The White House was forced to release a statement saying "of course" President Trump respects the "independence" of the Federal Reserve after he blasted the Fed...

Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

While cloud adoption is growing-Azure revenue was up 89 percent-perpetual-license revenue was also up by 8 percent, showing continued demand for on-premises sys...

Trump Threatens to Slap Tariffs on Everything Imported From China

He adds: "As usual, not a level playing field". Mr Trump said increased rates had resulted in a stronger dollar which put the United States at a disadvant...

How Trump is about to send world oil prices soaring even higher

The US had asked all other nations to cease the import of oil from Japan by November. The US has threatened to sanction "everybody, including China" if they pur...