Markets

ZTE appoints new management to comply with its USA deal

But in return, the Chinese tech firm had to pay a $ 1 billion fine , put $400 million in escrow in case of future violations, allow a us compliance team to be e...


Netflix Testing New, Pricier ‘Ultra’ Subscription Tier

Should the Ultra plan become a reality and Netflix adopts changes in the lower-priced Premium and Standard plans, some USA homes with multiple TVs and other scr...


Canada trade deficit expands as imports rise, exports edge down

Statistics Canada reported Friday that Canada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in...


The rise in the USA unemployment rate isn’t bad news

Wage growth remained sluggish, however, and was effectively erased by inflation: average hourly earnings rose just 0.2 percent to $26.98, putting wages up 2.7 p...


Thomas jobless rate rises to 5.5% in June

Following the release of those numbers on July 6, CIBC Capital Markets chief economist Avery Shenfeld said in a research note that the data is "good enough" t...


Labor secretary says more Americans entering workforce

That kept the annual increase in average hourly earnings at 2.7 percent. Yet its path ahead is uncertain. As such, job creation was well ahead of the 195,000 co...


Facebook CEO Mark Zuckerberg overtakes Warren Buffett as world's third richest person

The daily rankings of the world's 500 richest people listed in the Bloomberg Billionaires Index showed the top 3 remained the same Saturday. Zuckerberg is s...


US Fed on lookout for recession but still sees strong economy

The Federal Reserve raised interest rates for the second time this year in its June meeting, amid concerns of a lurking global trade war, sparked by Preside...


United States job growth strong but unemployment rate rises to 4%

This suggests difficulties of finding qualified workers are hugely overstated. The percentage of unemployment attributable to voluntary quits fell to 12.4 per...


Police to remove protesters at Ironworkers Memorial Bridge

Officers of the Royal Canadian Mounted Police intervened on and below the Ironworkers Memorial Bridge over Vancouver bay, trying to persuade 12 Greenpeace activ...


Sonos aims to ride 'Sonic Internet' to IPO success

Sonos has filed to go public. Sonos said as of March 31, its customers had registered more than 19 million products in about 7 million households around the...


Iran's OPEC Boss: Trump's Tweets Have Added $10 to Oil Prices

Brent was being pressured by expectations for higher Saudi and Russian Federation production, which impacts Europe and Asia, where Brent is the benchmark, more...


Soybean farmer reacts to China tariffs: ‘A lose-lose situation’

They kicked in just after midnight ET, which is noon in Beijing. The Trump administration contends that China has deployed predatory tactics in a push to ov...


Micron Technology | $MU Stock | Shares Slump On Memory Chip Ban

Then, UMC counterpunched. In January this year, UMC filed a lawsuit against Micron in the court of Fuzhou City, China, demanding 270 million yuan (US$40...


USA tariffs take effect, China warns of 'counterattack'

The Trump administration initiated the dispute in April, announcing the tariffs and accusing China of using "unfair" tactics to build a large trade surplus ...


5 important takeaways from the June jobs report

Before December 2017, the unemployment rate in the region never dipped below six per cent since comparable statistics started being recorded. The local jobles...


There are reports China is delaying USA imports from entering the country

Another $16 billion are expected to go into effect in two weeks and potentially another $500 billion, Trump told reporters aboard Air Force One on his way to Mo...


Rest of whiskey storage warehouse collapses in Kentucky

An estimated 9,000 bourbon barrels tumbled to the ground Wednesday, 12 days after approximately 9,000 barrels were impacted in the first collapse at Warehouse 3...


Canada pushing for intensive NAFTA talks

The president's decision comes as the US and Canada have been engaged in a tit-for-tat trade dispute over Trump's tariffs on Canadian steel and aluminum . As...


China's Yuan Reverses Course, Rises Against Dollar

In recent action, one dollar bought 6.6298 yuan, compared with 6.6672 yuan on Tuesday. The 3 percent drop in the yuan against the dollar over the past two wee...


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