Retail inflation at 9-month low; rate hike seems unlikely

The Home Price Index rose 0.9% for the period May-June 2018 in comparison with April-May 2018, the Central Bureau of Statistics reported today, wiping out the falls of the past year. The report indicated that the percentage change in the average comp... More..

by | Published 4 hours ago
Turkish lira trades below 6.0 against the dollar
by | Friday, August 17, 2018

Turkish lira trades below 6.0 against the dollar

President Donald Trump condemned the detention of an American pastor in Turkey and warned that "we are not going to take it sitting down". Tensions between Turkey and the United States have been on the ris...More..

Turks film themselves smashing iPhones amid US-Turkey trade war
by | Friday, August 17, 2018

Turks film themselves smashing iPhones amid US-Turkey trade war

Secretary of the Treasury Steven Mnuchin said Thursday the United States is prepared to put additional sanctions in place against Turkey if the government of President Recep Tayyip Erdogan does not release Am...More..

Turkish court rejects U.S. pastor Andrew Brunson's appeal
by | Wednesday, August 15, 2018

Turkish court rejects U.S. pastor Andrew Brunson's appeal

Erdogan said on Tuesday Turkey would boycott USA electronic products as the row escalated. Last Friday, US President Donald Trump said he had authorised higher tariffs on aluminium and steel imports fr...More..

Rupee hits lifetime low of 70 per dollar
by | Tuesday, August 14, 2018

Rupee hits lifetime low of 70 per dollar

The government on Tuesday blamed "external factors" for the rupee's fall to an all-time low against the United States dollar and said that there is nothing to worry about as of now. The Indian currency, he sa...More..

United States seeks to stab Turkey in the back: Turkey's president - USA
by | Tuesday, August 14, 2018

United States seeks to stab Turkey in the back: Turkey's president - USA

Turkey's economy has been under punitive sanctions from the United States over the ongoing detention of a U.S. pastor, Andrew Brunson. "We are going to apply a boycott on America's electronic products", Er...More..

Tesla surges after Elon Musk offers details about his 'financing secured' tweet
by | Monday, August 13, 2018

Tesla surges after Elon Musk offers details about his 'financing secured' tweet

Musk rattled investors last week by announcing in an unusual way that he might take Tesla private, with both his posts on social media and a letter to employees making no mention of the Saudi fund. The ...More..

July exports accelerate despite Trump's tariff hike
by | Sunday, August 12, 2018

July exports accelerate despite Trump's tariff hike

The U.S. Trade Representative's office made the announcement Tuesday as it published a final tariff list targeting 279 imported product lines. "This is a very unreasonable practice", the Chinese commerce...More..

Trump puts pressure on Turkey by doubling down on tariffs
by | Saturday, August 11, 2018

Trump puts pressure on Turkey by doubling down on tariffs

The move against President Recep Tayyip Erdogan's government also highlights the disconnect between Turkey and the U.S.as they fail to negotiate their way out of an array of conflicts. Turning to the economic...More..

Russian Prime Minister Medvedev warns US against further sanctions
by | Friday, August 10, 2018

Russian Prime Minister Medvedev warns US against further sanctions

The Kremlin has vehemently denied any involvement in the Salisbury and Amesbury incidents, and it did so again in lieu of new sanctions . Wednesday's surprise US State Department announcement of fresh s...More..

Easing of oil supply fears 'may be short-lived': IEA
by | Friday, August 10, 2018

Easing of oil supply fears 'may be short-lived': IEA

The action, followed by another set of sanctions scheduled for November, will bring US sanctions against Iran to the level on par with those prior to a major multilateral nuclear deal reached in 2015. Crude oil...More..

Tesla board evaluating CEO's bid to take company private
by | Wednesday, August 08, 2018

Tesla board evaluating CEO's bid to take company private

Tesla CEO Elon Musk met with SoftBank CEO Masayoshi Son about taking the electric-car maker private a year ago, Bloomberg reports. Musk tweeted on Tuesday that he had secured funding for the plan , but ...More..

by | Wednesday, August 08, 2018

China to put 25% tariffs on $16 billion worth of United States products

China's announcement is a direct response to new duties on Chinese goods imported into the United States, announced Tuesday in Washington . Still, disagreements between the two major economic powers run de...More..

Dead fetus reportedly found on plane at New York LaGuardia Airport
by | Tuesday, August 07, 2018

Dead fetus reportedly found on plane at New York LaGuardia Airport

A dead fetus reportedly was found Tuesday morning onboard an out-of-service American Airlines plane in New York City . The gruesome discovery was made around 7:30 a.m. While Port Authority Police have majo...More..

by | Tuesday, August 07, 2018

Elon Musk says he's considering taking Tesla private

Tesla now has a market value around $60 billion, which would make its take-private price tag about $80 billion, Galloway said. Unlike publicly listed companies, private firms do not have to share details of t...More..

Russia's Novak: Higher oil production in July aimed at market stability
by | Monday, August 06, 2018

Russia's Novak: Higher oil production in July aimed at market stability

U.S. West Texas Intermediate ( WTI) crude futures were at $68.87 per barrel at 0647 GMT, down 9 cents from their last settlement. The kingdom's oil production grew by 230,000 barrels a day in July, to 10.65 ...More..

War Threats Weigh on the Market
by | Saturday, August 04, 2018

War Threats Weigh on the Market

One person familiar with the internal deliberations said the U.S.is trying to secure certain concessions and if China agrees, it is possible the USA would back off additional tariffs. China has been accused o...More..

Wisconsin's 5-day sales tax holiday begins
by | Friday, August 03, 2018

Wisconsin's 5-day sales tax holiday begins

This year, the state's Back to School Sales Tax Holiday runs from 12:01 a.m. August 3 to midnight August 5 - that's this Friday through Sunday! Stocking up on new clothing , computers, electronics and even b...More..

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion
by | Thursday, August 02, 2018

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion

Apple's own "Stocks" app, which is based on Yahoo Finance data, also put the company's value at $1.01 trillion. Past year its sales hit $229bn, with profits of $48.4bn, making it the most profitable listed ...More..

Facebook Suffers Huge One-Day Drop in Market Value
by | Saturday, July 28, 2018

Facebook Suffers Huge One-Day Drop in Market Value

Mark Zuckerberg's loss of $15.8bn is equal to the total wealth of the world's 81st-richest person. Thoughts? Let us know what you think in the comments section below and stay tuned. Facebook's stock value c...More..