• Mark Zuckerberg is world’s third-richest person, replaces Warren Buffett
Mark Zuckerberg is world’s third-richest person, replaces Warren Buffett

As Bloomberg noted, this is the first time in history that three of the wealthiest people in the world come from the technology sector, proving that tech is now the most robust creator of wealth. Buffett was world's richest person, but after his philanthropist work his position started to drop. The Facebook CEO Mark Zuckerberg bounced f...

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  • Boys Freed From Thailand Cave as Rescue Mission Begins
Boys Freed From Thailand Cave as Rescue Mission Begins

Rescue chief Narongsak Osottanakorn said the four had been taken to hospital and were "safe". Operation chief Narongsak Osottanakorn said a total of 90 divers would be involved in the rescue mission, with 40 divers from Thailand , and 50 from overseas, including the United States, Australia, China, and Europe, according to the Washington Post ....

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  • New executives named at ZTE to comply with USA request
New executives named at ZTE to comply with USA request

The US banned ZTE from buying any American electronics parts after the company violated US trade laws by selling products to US-sanctioned Iran and North Korea , then covering it up and lying about it. ZTE has been fighting for its survival since April, when it was banned from sourcing vital US components by the US Dept. of Commerce in after the...

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  • Netflix Is Testing Higher-Priced 'Ultra' Plans
Netflix Is Testing Higher-Priced 'Ultra' Plans

It is estimated that the plan will cost 16.99 United States dollars per month, given the way Netflix does its current pricing. So far, these plans are only being tested in Europe, but, according to how well these changes are received, could become more widespread among Netflix customers.

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  • The Economy Keeps Adding Jobs, But Filling Them Gets Harder
The Economy Keeps Adding Jobs, But Filling Them Gets Harder

The rise in the unemployment rate was also "healthy" because it reflected an uptick in the labor participation rate (to 62.9 percent from 62.7 percent), raising hopes that the labor force can overcome some of its structural headwinds. But retailers cut 21,600 jobs last month, after boosting payrolls by 25,100 in May.Government payrolls increased by...

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  • Smart-Speaker Maker Sonos Files for IPO to Challenge Tech Giants
Smart-Speaker Maker Sonos Files for IPO to Challenge Tech Giants

The Santa Barbara, California-based company filed with an offering size of $100 million, a placeholder amount used to calculate fees that is likely to change. "As such, it is possible that Amazon, which sells products that compete with ours, may on limited notice disable the integration, which would cause our Sonos One or Sonos Beam products to...

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  • US adds a solid 213,000 jobs; unemployment up to 4 pct
US adds a solid 213,000 jobs; unemployment up to 4 pct

Manufacturers and services firms have said in recent surveys that their business is improving despite anxiety about the tariff showdown. Even so, a steady pace of hiring and gradually rising wages, along with lower taxes, are helping underpin consumer spending and propelling a rebound in US growth.

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  • Oil falls towards $77 a barrel due to higher Saudi production
Oil falls towards $77 a barrel due to higher Saudi production

Brent was being pressured by expectations for higher Saudi and Russian Federation production, which impacts Europe and Asia, where Brent is the benchmark, more than markets dominated by United States crude prices . US crude futures CLc1 were also down 25 cents at $73.89, not far from Tuesday's 3-1/2-year high above $75. Trump's OPEC tweets c...

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  • Shots fired: U.S.-China trade war begins
Shots fired: U.S.-China trade war begins

The opening shots were fired just after midnight, when the Trump administration imposed a 25 percent tariff on $34 billion of imports from China, and Beijing promptly retaliated with duties on an equal amount of American products. Trade Representative's Office. Ningbo Top East Technology Co., which makes soldering irons in Ningbo, south of Sh...

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  • China court bans Micron chip sales in patent case: Taiwan's UMC
China court bans Micron chip sales in patent case: Taiwan's UMC

The ban, along with a separate antitrust probe by China in early June against Micron and two South Korean chipmakers, SK Hynix and Samsung Electronics, are all "politically connected and intertwined", said Arisa Liu, an analyst with Taiwan Institute of Economic Research, a leading nonprofit think tank in Taiwan, in an interview with Japan...

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  • Sino-US Trade War Begins
Sino-US Trade War Begins

The world's two biggest economies fired the opening shots Friday in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders. China's Ministry of Commerce also said it would look to report the U.S.to the World Trade Organization (WTO) on Friday, accusing Washington of breaching world...

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  • New Brunswick's economy bled 1,100 jobs in June, pushed unemployment rate up
New Brunswick's economy bled 1,100 jobs in June, pushed unemployment rate up

This uptick in people joining the workforce - there were 601,000 new entrants to the labor force in June - pushed up the unemployment rate. The job numbers for the month of June indicate US manufacturing continues to gain momentum. For instance, Hispanic unemployment is at a new low, according to the Bureau of Labor Statistics. "A 32K rise in e...

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  • Get ready for the 'largest trade war in economic history'
Get ready for the 'largest trade war in economic history'

Shortly after the tariffs took effect, China said it is "forced to make a necessary counterattack " to a US tariff hike on billions of dollars of Chinese goods but gave no immediate details of possible retaliation. China's ruling Communist Party has insisted on making changes at its own pace while sticking to state-directed technology developmen...

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  • Second half of KY distillery collapses; thousands of barrels affected
Second half of KY distillery collapses; thousands of barrels affected

No one was hurt, and no one was inside the warehouse when it fell, county emergency management spokesman Milt Spalding and the company said. 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 30.

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  • Canada still aiming for intensive NAFTA talks
Canada still aiming for intensive NAFTA talks

If the US moved forward with tariffs on auto imports, it would be a blow to Canada's economy because of the critical nature that the auto industry plays in the country. He's insisted they've hurt American farmers. Trump told Fox about proposing to his G7 partners during last month's summit in Quebec that they remove all trade-related barriers a...

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  • China central banker says currency slide under observation
China central banker says currency slide under observation

By the midday trading break on Monday, the blue chip CSI300 index.CSI300 was down 1.4 percent, while the Shanghai Composite Index.SSEC fell 1.1 percent. Also on Monday, Washington moved to block China Mobile from offering services to the US telecommunications market, recommending its application be rejected because the government-owned firm posed n...

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  • Iran Warns Trump's Oil Ban Is 'Self Harm'
Iran Warns Trump's Oil Ban Is 'Self Harm'

The price for Brent crude oil , the global benchmark for the price of oil, was up 1.32 percent as of 9:15 a.m. EDT to $78.32 per barrel. US crude futures CLc1 were up 19 cents at $74.33 a barrel, within sight of Tuesday's 3-1/2-year high above $75 a barrel.

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  • Saudi Arabia to pump more oil following United States request
Saudi Arabia to pump more oil following United States request

While the White House later backed away from an agreement, the tweet came after oil and gasoline prices surged last week even after Saudi Arabia convinced OPEC to potentially add almost 1 million barrels a day to the market. " Oil is already being offered on the bourse, about 60,000 barrels per day, but that has been only for exports of oil ...

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  • Cabinet clears MSP increase, highest-ever for paddy crop
Cabinet clears MSP increase, highest-ever for paddy crop

The MSP of paddy (common) was Rs 1,550 per quintal and Rs 1,590 per quintal for paddy (grade A) variety. Farmer agitations all across the country in the past few months have been focused on demanding that MSP be increased so it is at par with 1.5 times the cost of production.

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  • Coinbase's New Custody Service Is Now Live
Coinbase's New Custody Service Is Now Live

Coinbase Custody is officially open for business, providing secure storage of crypto assets for institutions in both the USA and Europe. " Coinbase Custody builds on this expertise to offer a brand new , independent solution for our institutional customers".

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