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Amazon Profit Tops Analysts' Estimates on Cloud, Advertising

Driving much of that profit is the fast growth of the Amazon Web Services cloud-computing group, the company's advertising division, and Marketplace, as Amaz...

Twitter's stock plunges 19% after it reports a decline in users

That overshadowed strong monthly user growth of three per cent for the second quarter over the same period of the previous year. The fall in users is a result...

U.S. President Trump says 'tariffs are the greatest'

Germany's Economy Minister described the agreement - which means Washington will not follow through with a threat to impose tariffs on autos that would hurt...

PM Modi, President Xi agree to maintain ‘momentum’ in ties..

The agreements which are set to be signed between emerging markets at the Brics Summit under way in Sandton, north of Johannesburg , are likely to benefit po...

Over $109bn wiped off Facebook's market cap after growth shock

Amazon's shares are worth $2,200, according to JPMorgan Chase, with analysts boosting their 12-month price target on the company to $2,200 per share from $1,90...

Citing Attacks on Tankers, Saudi Arabia Halts Oil Shipments Into Red Sea

Saudi Energy Minister Khalid al-Falih said the Houthis attacked two Saudi oil tankers in the Red Sea on Wednesday, one of which sustained minimal damage. The al...

Bitcoin thrown lifeline by SEC Commissioner despite ETF rejection

The points which were considered for BXZ ETF includes whether the exchange can "prevent fraudulent and manipulative acts and practices" and "to protect investor...

Facebook disappoints on revenue, active users; shares fall 9 percent

If that holds through Thursday's close, he will slide to sixth place from third on the Bloomberg Billionaires Index . "High expectations can be a remarkable ...

4 types of Goldfish Crackers recalled, salmonella fears

Pepperidge Farm announced a voluntary recall of four varieties of its popular Goldfish snacks Monday evening. The three companies have not revealed the ...

4 varieties of Goldfish Crackers recalled over fears of salmonella

Coming on top of recalls for other popular crackers and cereal , the Goldfish problem illustrates that even big-name processed foods are vulnerable to contam...

U.S. and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says

European Commission President Jean-Claude Juncker and European Trade Commissioner Cecilia Malmstrom will signal the EU's willingness to negotiate a bilateral t...

Barclays boss says UK finance sector will dodge Brexit bullet

Mrs May confirmed on Tuesday that she had taken personal charge of the negotiations, with Mr Raab "deputising" for her in Brussels. "We will look at this issu...

Soybean farmers welcome emergency relief, still not sure about tariffs

U.S. Department of Commerce Secretary Wilbur Ross discusses President Trump's successful meeting with European Commission President Jean-Claude Juncker over...

Mega Millions winning numbers drawn for $522M jackpot

The Mega Millions jackpot prize is now at an all time high. The Mega Ball number was 20 and the Megaplier, 3 (one, two, four, nineteen, twenty-nine; Mega ...

Trump Pushing Hard for 25 Percent Tariff on Imported Vehicles

Juncker, at the CSIS, also highlighted how far Trump had deviated from the norm in transatlantic relations. Mr Juncker said striking a deal on zero tariffs on...

Facebook Shares Plummet After Missing User, Revenue Targets

The company's user base was unchanged in its biggest market, the U.S. and Canada, at 185 million daily users, while declining in Europe to 279 million daily use...

China’s Xi promises $14.7 billion of investment during South Africa visit

The Chinese leader told the summit that "we are facing a choice between cooperation and confrontation, between opening up and a closed-door policy". China's ...

Trump suggests cutting all tariffs ahead of key meeting with EU

The Europeans come to Washington with potential auto tariffs weighing heavily on their minds. European Commission's spokesperson Margaritis Schinas sai...

Trump’s auto tariffs would be a massive escalation of trade war

Mr Trump on Tuesday crowed that it was his tough stance and threats of auto tariffs that brought the European leader to the bargaining table. The EU commissi...

Sergio Marchionne, recent Fiat Chrysler CEO, dead at 66

It is now the world's seventh-largest carmaker and is debt-free. The gruff chief executive spent 14 years at the wheel of Fiat Chrysler, the group he built. I...

Mega Millions jackpot up to $522 million

The cash option is $89.1 million. The last winning jackpot wasn't that long ago - in May - with a $142 million ticket sold in Ohio. Worth nothing is that the ...

United States and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says

Retaliatory tariffs on goods such soybeans , pork, beef and bourbon have hit farmers' and others' bottom lines in Wisconsin, North Carolina, Ohio, Iowa and Ken...

GOP senators say Trump's farm relief package is a dud

An accompanying press release said the USDA would take "several actions to assist farmers in response to trade damage from unjustified retaliation". Those aff...

North Korea appears to be dismantling missile launch facility, images show

The U.S. State Department did not have an immediate comment on the negotiations, but Secretary of State Mike Pompeo said on June North Korea had made a commitme...

Trump calls tariffs 'the greatest', ahead of meeting with European Union trade officials

And American consumers are the ones who get hit with USA -imposed tariffs. Mr. Trump tweeted from the White House that US trade partners need to either nego...

Tesla Asks Suppliers for Cash to Stay Afloat

Tesla did not immediately respond to a request for comment from CNNMoney. A Tesla spokesperson said the electric vehicle maker had asked fewer than 10 of i...

Alphabet trounces profit estimates on ad sales surge

Brussels accused Google of using the Android system's near-stranglehold on smartphones and tablets to promote the use of its own Google search engine and sh...

Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing

Consult with a financial advisor. It's also just the seventh time in its 16-year history that the grand prize soared above $400 million, according to a news ...

United States stocks dip as Trump talks of more tariffs on China

The hats are being produced for Trump's 2020 re-election campaign despite his campaign official's claims that all of their merchandise is made in the U.S. But...

Fed's Powell: Best way forward is to keep raising rates

The Fed raised rates in June and policymakers have indicated they expect two more increases this year. "Trade is really the business of Congress, and Cong...

Trump Says No Rush On N/Korea Denuclearisation

The newspaper did not mention Mr Moon by name but pointed to his remarks during a visit to Singapore last week that North Korea and the United States would face...

Donald Trump Accuses China, EU Of Currency Manipulation

The US-China spat is the largest and broadest of several trade fights picked by Trump. The stock market, which usually favors cheap money and reacts negativel...

GST Council reduces tax rates on more than 50 items

He said, 100 items will be impacted by today's decision. The next GST Council meeting will be held on 4 August. Ahead of the Rakshabandhan festival, which c...

China: Blaming Xi for USA trade war is ‘shocking’

Kudlow, director of the National Economic Council , sounded optimistic about the path of the USA economy. "We are getting three and it may be a four for a qu...

Trump says he's willing to hit all Chinese imports with tariffs

Artjom Hatsaturjants, research analyst at Accendo Markets, said "market sentiment soured on President Trump criticizing the Fed for hiking rates and threateni...