Money

GST Rate Cut: Small Televisions, Lithium Ion Batteries to Become Cheaper

GST Rate Cut: Small Televisions, Lithium Ion Batteries to Become Cheaper

Sanitary napkins , which attract 12 per cent tax, and fortified milk, which was taxed at 18 per cent, have been exempt from the new indirect tax. Addressing a presser, Goyal said, "After careful considerations and discussion with the state finance ministers, we (the GST Council) have made a decision to implement these changes for the welfare of the middle classes and small businesses and traders". Read More

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Nationals cuts ties with Papa John's after controversy

Nationals cuts ties with Papa John's after controversy

University of Louisville President Neeli Bendapudi said the "community has been fractured" by Schnatter's comments. Schnatter's face was off some materials by Friday, though the pizza chain said there are no plans to change its name. The company can not afford to alienate customers, with sales already under pressure from rivals such as Domino's. Bendapui said at a news conference Friday that "there's too much hurt around" the Papa John's name right now. Read More

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Early Amazon Prime Day Deals Available Now

Early Amazon Prime Day Deals Available Now

They and others will compete in Playerunknown's Battlegrounds while musician and self-described gamer deadmau5 performs. If you subscribe to a monthly plan, your membership will auto-renew every month. Kohl's also has a similar sale underway with promotional discounts on apparel and home goods. If you've never tried Amazon Prime or haven't tried it in a while, you may be eligible for a free, 30-day trial. Read More

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Tesla plans China plant with 500000 vehicle capacity

Tesla plans China plant with 500000 vehicle capacity

China has long pushed to capture more of the talent and capital invested by global automakers in advanced electric vehicle technology. Tesla chief executive Elon Musk will meet with Chinese officialsBeijingnghai and Baijing this week. But Tesla wanted to have full ownership of the future factory. A plant in China also reduces shipping costs and potentially makes sourcing components more economical. Read More

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U.S. adds 213,000 jobs in June, unemployment rate jumps…

U.S. adds 213,000 jobs in June, unemployment rate jumps…

The number of workers who have been too discouraged to bother searching for a job was down 155,000 from a year earlier, leaving the total below 360,000. The healthy payroll expansion undertaken by architectural and engineering firms is encouraging news for contractors. And that, in turn, means that more people are optimistic about finding work. Read More

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Trump to OPEC: 'Reduce pricing now!'

Trump to OPEC: 'Reduce pricing now!'

If anything, they are driving prices higher as the USA defends many of their members for very little $'s. Similarly, the Organisation of Petroleum Exporting Countries ( OPEC ) report indicated that Saudi Arabia raised oil output by nearly 500,000 barrels per day last month. Read More

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How Newly-Elected Mexican President's Gov't Could Fail Before It Begins

How Newly-Elected Mexican President's Gov't Could Fail Before It Begins

The brash USA leader has also threatened to tear up NAFTA, the two-decade-old North American Free Trade Agreement. In a post-election speech, however, he has taken a more concilliatory tone saying he would like to "pursue a relationship of friendship and co-operation with the United States , always rooted in mutual respect and in the defence of our fellow Mexicans who live and work honourably in that country". Read More

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LeBron James honored in Cleveland newspaper

LeBron James honored in Cleveland newspaper

The purple and gold still have a relatively young roster with the likes of Lonzo Ball , Brandon Ingram and Kyle Kuzma in their ranks but the pressure will now be on them to perform. Back in 2010 at the time of James "taking his talents to South Beach" and Gilbert's original letter, many dismissed the idea of the three-time NBA MVP ever returning to Cleveland simply based on its owner's original farewell letter. Read More

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Prime Day returns on July 16th, deals are starting now

Prime Day returns on July 16th, deals are starting now

Cord Cutters News will have full coverage of all the best Cord Cutting Deals on our site, Facebook , Twitter , and a special edition of our newsletter. Buy your first Kindle book and get a $10 Prime Day credit valid towards eBooks, print books and Audible . The shopping spectacular has also been a driver of Prime membership, which now stands at more than 100 million worldwide. Read More

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President Trump gets Saudi Arabia to increase oil production

President Trump gets Saudi Arabia to increase oil production

Brent price on Friday rose $1.54 a barrel to $79.39 on concerns that U.S. sanctions against Iran would remove a substantial volume of crude from world markets at a time of rising global demand. "Once you get above that level, we are into uncharted territory", said David Fyfe, chief economist at the Gunvor Group, a major trading house. The price of Brent, the global benchmark hit $US79.23 on Friday at the close, up more than 2% on the day. Read More

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Global stocks fall on U.S.-China trade spat, oil rises

Global stocks fall on U.S.-China trade spat, oil rises

Analysts expect the group to consider an increase in production of about 1 million barrels a day , ending the output cut agreed on in 2016. US sanctions will contribute to Iran and Venezuela potentially losing nearly 30 percent of their oil output next year, requiring extra supplies from the group's Gulf members, the International Energy Agency said last week. Read More

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FOX Agrees Merge With Disney After New $71 Billion Bid

FOX Agrees Merge With Disney After New $71 Billion Bid

Both Disney and Comcast are looking to use the Fox assets to bolster their content and expand overseas. A representative for Fox didn't immediately respond to a request for comment outside regular business hours. The amended and restated Disney Merger Agreement offers a package of consideration, flexibility and deal certainty enhancements that is superior to the proposal made by the Comcast Corporation on June 13, 2018. Read More

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When we can expect the Fed to hike interest rates again

When we can expect the Fed to hike interest rates again

The ECB, which presiding over negative official rates and its version of the Fed's "quantitative easing" - bond purchases that have seen it buy €2.5 trillion ($3.7 trillion) of government and corporate bonds in only three years -, isn't expected to raise rates or further reduce a program that peaked at €80 billion of assets purchases a month in 2016, and is now running at a monthly €30 billion. Read More

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Comcast makes $65 billion offer for Fox, setting up brawl

Comcast makes $65 billion offer for Fox, setting up brawl

Realizing that its own major acquisition would have a chance of getting past regulators, the sources alleged, Comcast scrambled to put together its all-cash bid with an eye on knocking Disney down a peg. Comcast was in talks to buy Fox late previous year. Why this matters: Although the ruling is a huge setback for the DoJ, its almost two-year legal battle to try and block the Time Warner deal is a sign it's determined to challenge massive mergers. Read More

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Donald Trump confident of 'terrific relationship' with Kim Jong Un

Donald Trump confident of 'terrific relationship' with Kim Jong Un

That meeting is expected to last a couple of hours and include a working lunch at the luxury resort on Singapore's Sentosa Island. The first meeting that the pair had on their schedule was one-on-one, accompanied only by translators. Trump seemed to hold an optimistic take on Kim's intentions, saying that the dictator "really wants to do something I think terrific for their country". Read More

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Donald Trump: Top economies should drop all tariffs

Donald Trump: Top economies should drop all tariffs

And Roland Paris, a former foreign policy adviser to Trudeau, jabbed at Trump on Twitter: "Big tough guy once he's back on his airplane". During a press conference after the summit, Canadian Prime Minister Justin Trudeau flatly rejected a proposal by the White House to insert a sunset clause in a re-negotiated North American Free Trade Agreement. Read More

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Robert De Niro yells 'F--k Trump' at Tony Awards

Robert De Niro yells 'F--k Trump' at Tony Awards

When hosts Sara Bareilles and Josh Groban came back onstage, they were dressed in each other's characters in the musicals they were in - with her in a beard and him in a short waitress outfit. " Harry Potter ", a record-setting $69 million two-part production set 19 years after the last of J.K. Rowling's best-selling novels about the boy wizard, won a total of six Tonys including best new play and best director. Read More

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G7: Trump leaves summit prematurely for meeting with Kim Jong

G7: Trump leaves summit prematurely for meeting with Kim Jong

Howard X (left) and Dennis Alan, lookalikes of the North Korean leader and U.S. president , during a promotional event in Singapore today. New York Times op-ed writer and two-time Pulitzer Prize victor Nicholas Kristof . Beijing wants the summit, says Yun Sun, director of the China program at the Stimson Centre, relieved for any de-escalation in tension. "Even if they cheat on handing over nuclear weapons, possibly cheat on freezing uranium production, there can be a certain amount of ... Read More

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Elon Musk Says Tesla Will Not Make Electric Motorcycles

Elon Musk Says Tesla Will Not Make Electric Motorcycles

The money-losing auto maker has said its forecasts for profit and cash generation in the second half of this year - which Musk reaffirmed during Tesla's annual meeting on Tuesday - are dependent on reaching this target. "The biggest constraint on output is general assembly", said Musk. A Tesla spokesman declined to elaborate Wednesday on Musk's comments. The stock had dropped 6.5% this year to Tuesday's close. Read More

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