• Pro-GOP Business Lobbying Giant Goes to War With Trump Over Tariffs
Pro-GOP Business Lobbying Giant Goes to War With Trump Over Tariffs

The US Chamber of Commerce, the United States' largest business group and customarily a close ally of President Donald Trump's Republican Party, is launching a campaign on Monday (July 2) to oppose Mr Trump's trade tariff policies. In an effort to get the White House to lift the ban, ZTE just replaced its entire 14-member board with a slimmed...

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  • Iran vows to foil U.S. bid to block oil exports
Iran vows to foil U.S. bid to block oil exports

Iran will allow private companies to export crude oil, part of a strategy to counter U.S. sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on Sunday.

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  • Toys ‘R’ Us writes heartwarming goodbye as it closes for good
Toys ‘R’ Us writes heartwarming goodbye as it closes for good

Since Wednesday, a photo taken by a Toys "R" Us employee of Geoffrey the Giraffe carrying a suitcase in what appeared to be an empty Toys "R" Us store has gone viral on Facebook, echoed with thousands of sentimental comments. "The company's operations outside of the US and Canada, including its operations in Europe and Australia and its approxi...

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  • Trump warns Harley-Davidson: 'We won't forget'
Trump warns Harley-Davidson: 'We won't forget'

Those tariffs are a retaliation for trade penalties imposed by the Trump administration. Asked if Trump still feels that tariffs are the best option, White House press secretary Sarah Huckabee Sanders told reporters Monday that "the European Union is attempting to punish US workers with unfair and discriminatory trade policies, and President Tr...

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  • Harley Davidson 'waving the white flag', tweets Trump
Harley Davidson 'waving the white flag', tweets Trump

The company also warned of a potential "significant impact" from retaliatory tariffs after President Donald Trump announced the steel and aluminum tariffs . He said they showed the need to modernize the World Trade Organization. "We are now assessing the potential impact on our United States facilities", said Harley-Davidson spokesman Mi...

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  • NRF applauds online sales tax decision
NRF applauds online sales tax decision

B&H doesn't require that buyers pay sales tax if they place orders outside of NY or New Jersey, and while you're supposed to later pay those uncollected funds when tax time comes around, the vast majority of people don't. A sales tax is supposed to be a broad tax on consumption: You buy and use things, you pay tax. "I don't have to travel any...

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  • What's that extra in my online cart? Soon, maybe a sales tax
What's that extra in my online cart? Soon, maybe a sales tax

The U.S. Supreme Court issued its decision in South Dakota v. Wayfair Inc .[1] on Thursday. B&H doesn't require that buyers pay sales tax if they place orders outside of NY or New Jersey, and while you're supposed to later pay those uncollected funds when tax time comes around, the vast majority of people don't.

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  • Canada cannabis: Nation legalises recreational marijuana use
Canada cannabis: Nation legalises recreational marijuana use

Canada has become the second country in the world to legalise recreational marijuana but locals will have to wait at least a couple of months before they can legally buy it. Trudeau made the legalization of marijuana a major campaign promise, and he contends that the status quo enables youth to acquire marijuana too easily and encourages c...

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  • A $600bn Decision Looms for Saudis, Argentina on MSCI Nod
A $600bn Decision Looms for Saudis, Argentina on MSCI Nod

That includes selling shares in government-owned Saudi Aramco , which is expected to stage an initial public offering in Riyadh that could be the world's biggest. "That means up to 8.36 trillion won would come out of the local stock market starting next year", the analyst added. Maurel estimates it will lead to $35 billion of inflows.

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  • China says new tariffs are an act of 'blackmail'
China says new tariffs are an act of 'blackmail'

Its study says that uncertainty acts like a non-tariff barrier to impede trade and investment by encouraging American companies to move factories back to the United States and reduce incentives for USA firms to invest overseas. The Dow Jones industrial average is called to open more than 350 points lower. Boeing's stock shed 4.3 percent, Caterpilla...

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  • European Union tariffs on United States products have gone into force
European Union tariffs on United States products have gone into force

European Union trade official Cecilia Malmström said that the European Union "did not want to be in this position", but that it had no choice. The EU, which is the world's biggest trading bloc, has taken its case to the World Trade Organization.

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  • Oil falls on rising output, escalating China-U.S. trade spat
Oil falls on rising output, escalating China-U.S. trade spat

It is said, though, that US and Saudi Arabia have been discussing ending the OPEC/non-OPEC pact long before this week's meeting and Saudi is going to propose what is in fact a USA -induced decision in Vienna. Shortly after, since the US shale production wasn't able to offset the production cuts that OPEC and non-OPEC nations made, oil prices rose...

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  • Musk Claims Tesla Employee Tried To Sabotage Automaker
Musk Claims Tesla Employee Tried To Sabotage Automaker

The leaked emails come as Musk has been acting increasingly erratically, aggressively going after the media on Twitter, as well as investors who have been betting against Tesla . For now, Musk asks employees to, "Please be extremely vigilant , particularly over the next few weeks as we ramp up the production rate to 5k/week".

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  • Euro craters, dollar soars, as European Central Bank holds off on rate hikes
Euro craters, dollar soars, as European Central Bank holds off on rate hikes

The common currency shed 1.9% to the dollar after the rate comments, in its sharpest daily fall in the nearly two years since the Brexit vote shock in 2016. Mr Draghi said: "With longer term inflation expectations well anchored, the underlying strength of the Euro area economy and the continuing ample degree of monetary accommodation provide ground...

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  • Elon Musk has new plans to tunnel into Chicago
Elon Musk has new plans to tunnel into Chicago

The accepted proposal, according to The Chicago Tribune , will involve Musk's Boring Company digging an underground tunnel system to connect the city's downtown area with O'hare International Airport. But in interviews with Chicago newspapers, Emanuel expressed great faith in the ability of Musk, father of the Tesla and SpaceX , to deliver a...

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  • Singapore: Historic meeting between Trump, Kim will take place tomorrow
Singapore: Historic meeting between Trump, Kim will take place tomorrow

US allies are anxious that Trump could upend decades of worldwide precedent, NPR's Mara Liasson reported on Weekend Edition Sunday . After Kim met South Korean leader Moon Jae-in on April 28, many in Seoul remarked on the North Korean leader's curious "Swiss-influenced" Korean accent , and also how at ease he looked with his southern coun...

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  • Many have their doubts about Trump-Kim summit
Many have their doubts about Trump-Kim summit

He has that opportunity and he won't have that opportunity again. After trying to smooth over tensions with the six other leaders at the summit in Canada , Trump spoke optimistically about his looming meeting and said he believed it would go well, reports Daily Mail .

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  • Only a man can run an airline, Qatar Airways CEO says
Only a man can run an airline, Qatar Airways CEO says

Al Baker pledged to bring more women onto IATA's board, but said there had been few applicants. In 2015, Qatar Airways relaxed its cabin crew policies after being accused of discriminating against female employees and violating global agreements by a United Nations body.

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  • NTSB releases preliminary report on fatal Tesla crash on Autopilot
NTSB releases preliminary report on fatal Tesla crash on Autopilot

The preliminary results of that NTSB investigation have been released, and they are concerning. Eight seconds before the crash, "the Tesla was following a lead vehicle and was traveling about 65 miles per hour", the speed limit, according to the NTSB.

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  • U.S. Trade Is Trump's Main Focus at G-7 Gathering
U.S. Trade Is Trump's Main Focus at G-7 Gathering

Trudeau has denounced the "national security" justification for the new tariffs. "He's sticking to his guns". Kudlow says Trump "hates multilateral" treaties. It's a dark turn for the G-7, which first met in 1975 when it included only six countries: the U.S., U.K., Germany, France, Italy and Japan. "The United States must, at long last, be trea...

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  • Brent premium over WTI hits new three-year high
Brent premium over WTI hits new three-year high

But U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 6 cents, or 0.09 percent, to $65.87 a barrel. For the week, WTI was on track for a 2.5% fall, adding to last week's near 5% decline and shrugging off a 3.6 million-barrel drop in United States crude stockpiles last week.

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  • Trump flouts federal rule with tweet touting job numbers
Trump flouts federal rule with tweet touting job numbers

Journalists get an early look at the report the morning of its release in a special room at the Labor Department with no internet or cellphone access to prevent any news coming out before the official release time. Trump's decision to seemingly pimp out the job numbers before they were officially released is controversial because it could result in...

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  • Dunk your donuts, or is it doughnuts? | Community
Dunk your donuts, or is it doughnuts? | Community

Winn-Dixie: The grocery store is offering 50% off all doughnuts purchased in its bakery Friday. If you're the first customer at this Phoenix bakeshop, you'll get to enjoy a free donut latte . Stop in to Duck Donuts locations and get one free classic donut (flavors include bare, cinnamon sugar, or powdered sugar). Customers also have the ...

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  • Trade war? What you need to know about USA steel tariffs
Trade war? What you need to know about USA steel tariffs

USA trading partners had demanded that the exemptions be extended or made permanent. The EU has threatened to impose retaliatory tariffs on USA cranberries, peanut butter, whisky, denim and other popular goods if the United States makes good on its tariff threat.

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  • Oil falls as investors brace for output increases
Oil falls as investors brace for output increases

Credit Suisse analysts on Tuesday said even if Russian Federation and OPEC producers raise output, they would likely only add an additional 500,000 bpd, which would leave inventories in the most developed countries short of the five-year average by the end of 2018.

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