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US tariffs on laptops and phones pushed out until December

The Trump administration has laid out plans to split the introduction of tariffs on $300 billion worth of Chinese imports that were previously flagged by the Unites States President earlier this month. The tariffs were set to be introduced on September 1, however, the United States Trade Representative (USTR) divided the introduction into two parts […]

Facebook wants to simplify privacy settings for groups

Facebook Groups, a place where people with common interests gather to chat, has three privacy settings, and that can be confusing for some users. Now the social media giant, which has been under fire for privacy mishaps, is trying to make it easier for users to figure out how these settings work.

Busiest day for air traffic so far in July

In July, NATS handled 252,173 flights in UK airspace, an increase of 0.9% on July 2018. There was growth in many areas of the operation, especially non-transatlantic international overflying traffic and transatlantic overflights, increasing by 6.5% and 5% respectively. Traffic grew at seven of the 13 airports where NATS provides the air traffic control service, […]

East Coast notches first-half growth for box imports

Container volumes into U.S. ports slowed through the first half of 2019 due to the overhang from last year’s push to bring in containers ahead of tariffs and the uncertain economic outlook. Thanks to the trade war with China, trans-Pacific import volumes took the biggest hit. The 10 largest U.S. ports by throughput reported loaded […]

Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlook

Walmart’s stock jumped 6.5% on Thursday after the retailer reported second-quarter results that topped Wall Street forecasts. Here are the key numbers from Walmart’s results: Revenue: $130.4 billion, compared to $130.07 billion expected by analysts Earnings per share: $1.27, versus $1.22 expected by analysts Net income: $3.64 billion, compared to $3.51 billion estimated by analysts

Macy’s lowers profit outlook after tough spring

Macy’s on Wednesday said that second quarter net sales fell to $5.55 billion from $5.57 billion in the year-ago quarter. Store comps on an owned plus licensed basis rose 0.3% after a 0.5% rise a year ago; on an owned basis only, comps, flat a year ago, rose 0.2%, according to a company press release.

Port of LA marks another cargo record in July

For the fourth consecutive month, the Port of Los Angeles set a new single-month cargo record in July, having moved 912,154 20-foot equivalent units (TEUs) of cargo, port officials announced this week.

FMCSA Proposes Changes to Hours of Service Rules

The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has published a notice of proposed rulemaking on changes to hours of service (HOS) rules to increase safety on America’s roadways by updating existing regulations for commercial motor vehicle drivers.

Consumer price inflation rises amid increases in gas and housing costs

Consumer prices rose more quickly than expected in July as gasoline reversed a two-month decline and the cost for rent continued to climb. The consumer price index for all items was up 0.3% for the month, against expectations for a 0.2% increase. Gasoline rose 2.5% while shelter costs increased 0.3%.