Markets

by | June 21, 2018 | 00:02

Hackers stole more than $30 million worth of cryptocurrencies from South Korea's top bitcoin exchange, sending the unit's price falling around the world on Wednesday. Only a small portion of Bithumb's funds stored in its hot wallet has been stolen and the speedy response by the Bithumb team to move funds from its hot wallet to cold or offline wallet allowed the company to prevent a bigger theft.

by | June 20, 2018 | 22:31

Officials said the issue is not affecting any other regional carriers or mainline flights. According to CBS affiliate WBTV , American Airlines issued a ground stop of their aircraft headed to Charlotte due to the technical issue . "We understand that these cancellations have been frustrating for our customers, and we are doing everything in our power to get things back to normal as quickly as possible".

by | June 20, 2018 | 17:29

Starbucks CEO Kevin Johnson says the global coffee chain will be "leaning into" creating more plant-based beverages as consumers continue to demand vegan options. The chain, which operates more than 8,000 USA stores, said the changes were made to address the weaker-than-expected sales growth, adding that several digital initiatives were expected to add 1% to 2% in comparable sales in fiscal 2019.

by | June 20, 2018 | 17:11

Disney has increased its offer for 21st Century Fox to $71.3bn in cash and shares, up from an earlier $52bn offer. Of course, when all is said and done, should 21st Century Fox be willing to dance with The Walt Disney Company, there's a good chance the United States Department of Justice Antitrust Division will intervene.

by | June 20, 2018 | 16:59

It labeled the move "extreme pressure and blackmail", and said it would retaliate with counter measures. China, which has bought an average 330,000 barrels per day (bpd) of USA crude oil this year, is threatening to place a 25 percent tariff on various US commodity exports, including crude oil, although it is so far unclear when such a measure would come in place.

by | June 20, 2018 | 16:41

While Microsoft issued a statement Monday that said it does not agree with policy that separates families at the U.S. -Mexico border and its contract is unelated, a company spokesperson declined to state whether facial recognition software was among tools being used by ICE as part of its Azure Government contract, Gizmodo reported .

by | June 20, 2018 | 04:35

Apparently , as Trump told the crowd, this is Canadians' only resort to get basic American products, like shoes, since the tariffs are so high. "They buy shoes and they wear them", he said. Dairy. 275 percent tariff. "It's not easy but we're getting there", the president said. Negotiations to modernize NAFTA started last August and were initially scheduled to finish by the end of December 2017.

by | June 20, 2018 | 01:29

Regulars at the store seemed appalled by the sign. The sign caused a social media uproar. A Baltimore Dunkin' Donuts store is under fire after reportedly putting up a sign requesting that customers call and report any store employees who speak any language other than English .

by | June 20, 2018 | 01:18

Some manufacturers have previously argued against the removal of plastic straws because they are needed by some people with disabilities, children and the elderly. The news comes after the company announced it would adopt paper straws at all of its United Kingdom locations this year, reports USA Today . In response to the initiative by McDonald's , Michael Gove, secretary of state for environment, food and rural affairs in the U.K in a statement said "It is a significant contribution ...

by | June 19, 2018 | 22:28

Wall Street stocks tumbled in opening trading on Tuesday as fresh tariff threats by the United States and China against each other exacerbated trade war fears. He said the action by Beijing "clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods".

by | June 19, 2018 | 19:56

The employee in question has been caught and interrogated. His stated motivation is that he wanted a promotion that he did not receive. Further on in the email, Musk tells Tesla employees that "there are a long list of organizations that want Tesla to die", going on to mention short-sellers, the oil and gas industry, and auto industry competitors.

by | June 19, 2018 | 16:49

Hostility over trade between the world's two largest economies intensified on Tuesday when Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation. The dollar rose against a basket of currencies as traders bet on a escalating trade war forcing inflation up in the U.S. because of costlier imports, raising the prospect of more interest rate rises.

by | June 19, 2018 | 14:20

In a statement, the NTSB said the trip will allow the agency to learn about fires in all battery-powered vehicles. Mechanical or electrical failures or malfunctions are factors in about two-thirds of the automobile fires. Gary Gastelu is FoxNews.com's Automotive Editor. Some scientists have criticized the use of lithium-ion batteries in cars, because their chemistry is not as stable as some would like.

by | June 19, 2018 | 13:37

Trade Representative investigation that determined Chinese theft of U.S. intellectual property and forced technology transfers threatened to undermine U.S. Three people close to Apple, who remained anonymous because they are not authorized to speak for the company, say that the tech giant's top worry is that the Chinese wreak havoc with Apple's supply chain by forcing suppliers to provide pointless paperwork in order to gum up the works.

by | June 19, 2018 | 12:07

The confirmation process could take months, and Mulvaney has said he expects to be at the bureau until the end of the year. The CFPB was established by President Obama following the 2008 financial crisis to assure that banks comply with consumer protection laws.

by | June 19, 2018 | 10:35

However, Kochhar has volunteered to go on leave till the completion of the probe, instituted to examine allegations of conflict of interest against her. Kochhar went on a planned annual leave, the bank said on June 1. It is likely that she may be asked to step down, the report says. Ms Kochhar has been facing allegations made by a whistleblower about sanctioning of loans to the Videocon Group in lieu of investments made in the companies promoted by her husband.

by | June 19, 2018 | 08:28

Merkel's liberal approach to immigration has been controversial in Germany, however, particularly on the right. The German government said no special EU summit is planned, and that would be a matter for EU leaders in Brussels, but "of course the German government is holding talks with various member states and the (EU) Commission" about immigration in Europe.

by | June 19, 2018 | 07:44

USA crude futures took additional hit also as China's retaliatory tariffs included crude oil. Trump said on Monday he had asked the US Trade Representative to target $200 billion worth of imports for a 10 percent levy, citing China's "unacceptable" move to raise its own tariffs.

by | June 19, 2018 | 06:50

The US "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed global society", China's commerce ministry said in a statement on its website.

by | June 19, 2018 | 01:25

The partnership is a significant strategic play against JD.com's biggest rival Alibaba, which has already embarked on an aggressive expansion strategy across Southeast Asia, Europe and the US. Google joins JD.com's current investors, including Chinese social media giant Tencent and US. "This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world", JD.com Chief Strategy Officer Jianwen Liao said in the press ...

by | June 19, 2018 | 00:33

On Friday, the White House confirmed it will impose a 25% tariff on $34 billion worth of Chinese goods. The list was slimmed down, dropping Chinese flat-panel television sets and other items typically purchased by consumers , following a public comment period.

by | June 18, 2018 | 23:34

Clydesdale and Yorkshire Bank Group (CYBG) agreed to pay 1.2125 new shares in exchange for each Virgin Money share. "The combination of CYBG and Virgin Money will create the first true national competitor to the status quo in United Kingdom banking, offering a genuine alternative for consumers and small businesses", said CYBG chief executive David Duffy.

by | June 18, 2018 | 23:26

At issue Monday was whether the CSU would give her time to try to reach such a deal. However, Seehofer on Monday said he would only implement the policy if Merkel failed to reach a deal with other European Union states at the summit - effectively giving her two weeks to find a fix.

by | June 18, 2018 | 18:01

Audi's parent company, the Volkswagen Group, has confirmed via a spokesperson that Stadler was arrested this morning. Stadler's arrest is the latest blow to the Volkswagen group, which has struggled to shake off the dieselgate crisis and continues to face a litany of investigations at home and overseas.

by | June 18, 2018 | 17:59

A spokesman for Audi UK confirmed Stadler's arrest but was unable to comment further. German news agency dpa reported that prosecutors chose to seek Stadler's arrest due to fears he might try to evade justice. where, in May, prosecutors filed criminal charges against former VW boss Martin Winterkorn. Most of its problems have been in the United States, where a total of nine people have been charged and two former VW executives have pleaded guilty and been sentenced to prison terms.