Economy

Supreme Court ruling may boost Virginia tax income by $300M

Supreme Court ruling may boost Virginia tax income by $300M Kadlubek then said to NBC news: "This is going to be a headache. I suspect that we will be hearing from SD shortly on this point". For calendar year taxpayers, for example, the tax paying obligation goes back six months, and could apply hundreds or thousands of dollars of liability to taxpayers with closed and completed transactions. [Full Article...]

OPEC compromise deal fails to satisfy markets

OPEC compromise deal fails to satisfy markets On Thursday evening, a deal looked to be slipping away after Iranian Oil Minister Bijan Namdar Zanganeh walked out of a meeting with fellow ministers, predicting nobody could persuade him to back an increase. "Need to keep prices down!" Bloomberg referenced a similar number, noting that the deal could add about 700,000 barrels of daily supply from OPEC and non-OPEC producers. [Full Article...]

Taiwan's Foxconn calls Sino-US trade spat a 'tech war'

Taiwan's Foxconn calls Sino-US trade spat a 'tech war' The European Union (EU) on Friday levied tariffs on estimated $3.2 billion worth of American goods, in retaliation for tariffs US President Donald Trump's tariff imposition on imported steel and aluminium. "It will be a disaster", said Nagesh Balusu, manager of the Salt Whisky Bar and Dining Room in London and expects the European Union's tariffs to add more than $7 to the price of a bottle of J... [Full Article...]

Oil rises ahead of OPEC, pressured by China tariffs

Oil rises ahead of OPEC, pressured by China tariffs The historic 24-nation pact has succeeded in its goals of balancing oil markets and lifting crude prices, and the two biggest producers want a relaxation of quotas as soon as next month. For tanker owners, there is much at stake on 22 June when OPEC oil ministers gather in Vienna for what is likely to be a particularly bad-tempered meeting. [Full Article...]

Oil Prices Are Too High

Oil Prices Are Too High Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support. They have shown discipline in limiting production since the start of past year, helping push up the benchmark price of global crude. "Even if the Iran-Venezuela supply gap is plugged, the market will be finely balanced next year and vu... [Full Article...]

Dollar and stocks slip as Trump hits China with tariffs

Dollar and stocks slip as Trump hits China with tariffs The biggest complication could be a murky economic outlook, muddied by the developing trade war, a populist challenge from Italy's new government and softening export demand. USA officials say the tariff hike targets goods that might benefit from Chinese theft of technology or pressure on foreign companies to hand it over in exchange for market access. [Full Article...]

Whataburger: "We'd never change our name to Whatapancake"

Whataburger: Will the new (and temporary) name change boost IHOP , er, IHOb's bottom line? "We're flippin' from pancakes, pancakes, pancakes to burgers, burgers, burgers", the company announced on Monday, announcing the shift that it teased by mentioning a looming name change last week . [Full Article...]

Federal judge approves AT&T merger with Time Warner

Federal judge approves AT&T merger with Time Warner It's already purchased satellite TV provider DirecTV for almost $49 billion. AT&T asked the court to focus on the former. The "drop dead" deadline for the merger to be completed is June 21. The merger is a direct response to the success of "alternative" media services like Netflix and Amazon . AT&T, for its part, insists that legacy media companies can't compete with the rising titans of ... [Full Article...]

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

Donald Trump confident of 'terrific relationship' with Kim Jong Un Trump also said he wanted to withdraw the United States troops stationed in the South, something he promised on the campaign trail, saying: "I'd like to be able to bring them back home". Language on North Korea's bombs was similar to what the leaders of North and South Korea came up with at their own summit in April. After briefly moving away from the media glare, Mr Kim and Mr Trump reap... [Full Article...]

Federation Internationale de Football Association bans Kwesi Nyantakyi over Anas exposé

Federation Internationale de Football Association bans Kwesi Nyantakyi over Anas exposé Nyantakyi, who is also a member of the Federation Internationale de Football Association council, was pictured taking $65,000 from an undercover reporter, who posed as a business man. Nyankakyi discussing plans to set aside 25 per cent of a proposed sponsorship deal to a company he owns in a documentary called " When Greed and Corruption Become the Norm ". [Full Article...]

How the US-North Korea summit will move the markets

How the US-North Korea summit will move the markets The two men are scheduled to meet in Singapore on Tuesday. President Donald Trump speaks to reporters on June 9, 2018 , during the G7 Summit in La Malbaie, Quebec, Canada . "This should be a matter between USA and South Korea". Later, the U.S. president expanded on this thought. "Very well prepared, I think". But Trump also hedged his bets, claiming that the results he demands - a comp... [Full Article...]

Commerce Secretary: US reaches deal with China's ZTE

Commerce Secretary: US reaches deal with China's ZTE In April, the commerce department barred ZTE from importing American components for seven years, having concluded that it deceived United States regulators after it settled charges last year of sanctions violations. Rubio alluded to Trump's steel tariffs, but the Florida senator hasn't been more vocal since Trump levied those - an issue that is playing out in Florida. [Full Article...]

Mexico Hits US With Retaliatory Tariffs

Mexico Hits US With Retaliatory Tariffs And the concerted resistance to Trump's tariffs is also undermining his favored approach of bilateral negotiations with countries to secure specific concessions in exchange for relief from the threatened levies. President more than two centuries ago. Trump ended that temporary relief this month, seeking to pressure the other countries to cut new trade agreements with the U.S. [Full Article...]

Tesla Teases Model Y Compact SUV

Tesla Teases Model Y Compact SUV He was wearing one at the automaker's annual shareholder meeting on Tuesday, when an audience member asked if Tesla had ever considered getting into the electric motorcycle business, which Harley-Davidson is about to enter. "We did not think these individuals are a credible, independent voice for shareholders". There are a lot of qualifiers in that sentence, but the Model 3 has seen a lot of... [Full Article...]

Going it alone: U.S. alienates allies before taking on Beijing

Going it alone: U.S. alienates allies before taking on Beijing Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He on June 3. "All economic and trade outcomes of the talks will not take effect if the US side imposes any trade sanctions including raising tariffs", the statement said, as reported by Xinhua . [Full Article...]

John Goodman Has Little to Say on Roseanne Barr Controversy

John Goodman Has Little to Say on Roseanne Barr Controversy The US network on Tuesday cancelled hit sitcom " Roseanne ", after star Barr fired off a racist tweet against former White House adviser Valerie Jarrett , who was one of Barack Obama's closest aides. " Roseanne " was rebooted in March after a 21-year hiatus with Barr's character recast as a Trump supporter in a rare depiction of working class life on the U.S. [Full Article...]

Vermont will pay you $10,000 to relocate. Here's why

Vermont will pay you $10,000 to relocate. Here's why The law defines a qualifying worker as working primarily from a Vermont home office or co-working space and employed full-time by an out-of-state based company. Republican Phil Scott called on lawmakers to look for ways to attract and retain more young people. Only workers who become full-time Vermont residents after January 1, 2019, will be eligible. [Full Article...]

USA 'playing risky game' with metal tariffs, says EU

USA 'playing risky game' with metal tariffs, says EU The EU said it has opened legal challenges against China and the United States at the World Trade Organization on Friday as punishing trade tariffs announced by Washington raised the prospects of a global trade war. "I think it really just boils down to this very mercantilist viewpoint that the USA administration has that imports are bad, exports are good", he said. [Full Article...]

FIFA calls 2026 World Cup candidates for meeting in Zurich

FIFA calls 2026 World Cup candidates for meeting in Zurich We will be taking a look at Uruguay World Cup squad, their team lineup, fixtures , road to qualifications and players to watch out for in Russian Federation. They can also try betting on the totals and pick up the lines they want, but in both cases, the bettors need to be both smart and courageous. Uruguay finished second in the South American World Cup qualifiers behind Brazil with 31 poin... [Full Article...]

Dunkin' Donuts has free donuts for National Donut Day

Dunkin' Donuts has free donuts for National Donut Day Dunkin Donuts - Receive a free classic doughnut when you purchase any beverage. No purchase is necessary! The victor will receive $5,000 and a one-year supply of donuts. Krispy Kreme: Get one free doughnut at participating stores in the United States and Canada. Use promo code DONUT for a free order with any purchase of two pizzas . [Full Article...]


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