Because we go up and every time you go up, they want to raise rates again". Trump said he and Chinese President Xi Jinping maintain a good relationship despite the growing dispute over trade. Trump this week criticized the Fed and Chairman Jerome Powell for the increases adopted in March and June, saying that tightening monetary policy is threatening to thwart the economic recovery.
Apart from the change in taxes on commodities, Piyush Goyal announced a number of measures to simplify tax filing. Experts said going forward as the revenues stabilise, the Council may look at further rationalisation of the 28% slab, to restrict the highest tax slab to super luxury and sin goods.
Office commercial products and cloud services revenue was up 10 percent with consumer Office up 8 percent. The tech giant this week touched $800 billion valuation for the first time. Microsoft's Surface business also saw significant growth for the quarter, posting a 25 percent gain over the same time past year. Windows OEM revenue is up 14% Y-o-Y and Windows Commercial did even better with 23% growth.
Amazon has released new sales data after its 36-hour Prime Day savings event ended on Thursday. Hopefully, the website will be able to recover quickly so customers can enjoy the deals without frustration. But Amazon touted Prime Day growth and said shoppers still found lots to buy, with tech gadgets in particular among the most popular. Four new countries will be part of Prime Day this year: Australia, Luxembourg, the Netherlands and Singapore.
President Donald Trump has threatened tariffs on all Chinese goods imported by the US. About $US505 billion ($680.3 billion) of Chinese goods were imported to the US in 2017, leading to a trade deficit of almost $US376 billion ($506.5 billion), US government data showed.
The Native Women's Association of Canada, an organization that promotes the well-being of First Nations, Métis and Inuit women, urged the federal government to intervene, noting that lives depended on safe, affordable and reliable transportation was an essential service.
Tesla has hit a speed bump that will cut subsidies for customers buying its electric vehicles in the United States, after Elon Musk's carmaker hit a milestone of 200,000 sales. "It happens to be that now is when you have the trade altercation going on". Still, CNBC said Tesla's shares rose to 1.2 percent shortly after their announcement.
They had expected that the unemployment rate held steady at 3.8%, its lowest level since 2000 . Normally, a tight labor market encourages employers to pay more to attract and retain workers. Trump frequently touts the strong jobs picture as hiring has picked up in recent months. Dropping from its previous record of 4.8 percent from October of 2006, Hispanic unemployment now sits at 4.6 percent for the month.
In his latest tweet on the subject on Wednesday, Trump said that the " OPEC Monopoly must remember that gas prices are up & they are doing little to help". OPEC and Russian Federation announced in June they were willing to raise output to address concerns of emerging supply shortages due to unplanned disruptions from Venezuela to Libya, and likely also to replace a potential fall in Iranian supplies due to U.S.
Nonfarm payrolls rose by 213,000 jobs last month, the Labor Department said on Friday. Today's figures also showed that the United States unemployment rate rose to 4% from an 18-year low of 3.8% in May as more people entered the labour force in the sign of confidence in the jobs market.
In honor of its ill-fated chairman the HNA Group switched its official website to monochrome and posted a statement mourning Wang's death. "If HNA simply can not meet its financial obligations, we expect regulators to broker a debt restructuring", Michael Hirson, the Asia director of the consultancy Eurasia Group, said back in February.
US companies ranging from whiskey distilleries to automakers like Ford and Tesla could be hit if China ramps up retaliatory measures. Asked whether USA companies will be targeted with "qualitative measures" in China in a trade war , Gao said the government will protect the legal rights of all foreign companies in the country.
China's foreign ministry said Tuesday that Beijing won't hesitate to retaliate against USA tariffs and escalate a trade war with Washington if tensions over economic negotiations with the Trump administration continue to rise. imports ranging from soybean to stainless steel pipes will take effect earlier. Trump has accused China of unfairly acquiring USA technology through coercion and theft and limiting market access for US finance and technology firms - claims that China denies.
The Dow dropped 0.7 percent and the S&P 500 shed 0.9 percent while the tech-heavy Nasdaq Composite lost as much as 1.5 percent. USA crude stocks fell by almost 10 million barrels last week, the most since September 2016, while gasoline and distillate inventories rose less than expected, the Energy Information Administration said.
The company says it was producing 5,000 cars per week by the end of the quarter, and it expects to reach 6,000 cars per week by late August. "I think we just became a real auto company", Mr Musk wrote. What is impressive about Tesla's 7,000-car production rate is not as much that they produced 7,000 cars in a week but that they produced 7,000 electric cars in a week - something that is unprecedented by any other automaker.
Toys R Us is closing its last USA stores Friday, the end of a chain known to generations of children and parents for its sprawling stores, brightly colored logo and Geoffrey the giraffe mascot. A mysterious man purchased $1 million worth of toys at a Toys R Us and donated them to children. "I think Geoffrey the Giraffe signifies fun and childhood memories", a zoo representative told CBS San Antonio affiliate KENS.
Exactis has apparently since protected the database, though it may be too late. In this Tuesday, Sept. 12, 2017, file photo, the new iPhone X is displayed in the showroom after the new product announcement at the Steve Jobs Theater on the new Apple campus in Cupertino, Calif.
So why is the Canadian dollar still so low? It did not elaborate. Iran has faced mounting economic woes since US President Donald Trump announced in May that Washington was withdrawing from the 2015 nuclear deal with world powers, negotiated under his predecessor president Barack Obama.
But at the moment, the Congolese government is more concerned - and rightly so - about enjoying an equilibrium in global oil markets and attracting higher investments into the sector. In addition, the American Petroleum Institute (API) has reported a sharp drop of 9.228 million barrels in United States crude inventories in the week that ended on June 22 - much more than the 2.572 million barrels fall predicted and the previous week's 3.016 million barrel decline.
Amazon said over time, it would empower hundreds of new small business owners to hire tens of thousands of delivery drivers across the US. Amazon said it will provide training, technology, discounts on fuel, insurance, leases of Amazon-branded equipment, and most importantly, a stable flow of packages.