Business

Dollar Tree to sell alcohol at 1,000 stores across U.S.

As the income gap between rich and poor continues to grow, dollar and 99 cent stores have become increasingly popular in both urban and rural America. Dollar General maintained its fiscal 2019 guidance even after reporting strong growth. Dollar Tree's Q1 earnings and revenue surpassed analysts' projections.

Business

A Google Cloud outage breaks Snapchat, YouTube, Gmail

Google users have been venting their frustration on other platforms as the outage has affected many, from inability to access YouTube to disruption of workflows. Service appeared to be working normally on the West Coast of the US with the exception of Google Analytics, which was not working in Portland Sunday afternoon.

Business

Uber posts $1bn loss in first quarterly report since disappointing IPO

In the first quarter of 2019, the company's losses amounted to $1 billion with $3.1 billion in revenue . The platform generated 2 thousand 761 million dollars in adjusted revenues in the first three months of the year, an increase of 14 percent over the same period of the previous year, and above the analyst estimates of 2 thousand 75 million.

Business

China investigates FedEx for Huawei cargo error

China has already established a system of "unreliable" entities, CCTV noted, adding the investigation will be "a warning to other foreign companies ". The most recent round of negotiations earlier this month ended with no agreement, after Mr Trump more than doubled duties on 200 billion dollars (£158bn) in Chinese imports.

Business

Oil prices fall on fears of escalating US-China trade war

WTI Crude plunged 3.08 per cent at $57.32, while Brent Crude lost 2.52 per cent to stay at $66.94. "The possibility that tariffs could now be placed on crude arrivals from Mexico at the same time that rising Chinese tariffs are threatening to slow world oil demand growth has pushed nearby WTI to below our expected support at the $56 mark", Jim Ritterbusch, president of Ritterbusch and Associates, said in a note.

Business

EVs could get more expensive as United States trade war heats up

U.S. President Donald Trump and China's President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. "The fact that the president is willing to use tariffs as a weapon can really cause damage to business confidence", Hodge said. Speaking at a defence and security conference in Singapore on Saturday, the acting U.S.


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