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whitehouse-aug19.jpg White House economic adviser Larry Kudlow dismissed concerns about a possible recession in the wake of volatile global bond markets last week, which is seen as a predecessor of recessions. "There is no recession in sight. Consumers are working. Their wages are rising. They are spending and they are saving," Kudlow said in a television talk show, "Fox News Sunday". Citing data showing 0.7 per cent

apple-aug19.jpg U.S. President Donald Trump said he discussed with Apple Inc.'s CEO Tim Cook about the impact of the U.S. tariffs on goods imported from China as well as the competition for Apple from South Korea's Samsung Electronics Co. Cook reportedly warned Trump that the tariffs on Chinese imports would hurt Apple's business as the tech giant relies heavily on manufacturing in China.

Craft 1861, a maker of hemp cannabidiol or CBD technology and products, said it will partner with the World Boxing Council or WBC to develop a new line of co-branded CBD wellness products to be distributed globally. This venture is the largest and first co-branded line of products to be distributed...

spacetourism-aug16.jpg Virgin Galactic has taken a major step in its space tourism project on Thursday as it unveiled its new Mission Control at a spaceport in New Mexico. AFP quoted the British spaceflight company's Chief Executive George Whitesides that the first commercial space flight carrying paying passengers is expected to take off within a year. Virgin Galactic's founder, Richard Branson, had initially suggest

cigarette-aug16.jpg The U.S. Food and Drug Administration has proposed a rule that requires tobacco manufacturing companies to display new health warnings with color images on cigarette packets and in advertisements to promote greater public understanding of the negative health consequences of smoking. If implemented, it will be the most significant change to cigarette labels in the UNited States in more than 35 ye

omarilhan-aug16.jpg Israel barred two Democratic Muslim women members of the U.S. House of Representatives from visiting the country apparently under pressure from the leader of its biggest ally. Reps Rashida Tlaib and Ilhan Omar, who are known critics of Israel and President Donald Trump, had scheduled to visit Jerusalem and Palestinian cities of Bethlehem, Hebron and Ramallah this weekend. The lawmakers' trip was

The legal cannabis market in California is poised for huge growth after seeing a $500 million fall in legal sales in 2018 following an initially rocky launch of the state's adult-cannabis market, according to a new report. The report, titled "California: Lessons From the World's Largest Cannabis Market",...

irs-taxwaiver-081519.jpg The Internal Revenue Service has announced a new round of penalty relief to eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the previously offered waiver. This one-time penalty relief offering is estimated to benefit more than 400,000 eligible taxpayers. IRS said in a statement that it will apply the estimated tax penalty waiver to tax accounts of all

nuclearpower-081519.jpg The U.S. Government blacklisted four Chinese nuclear power companies, accusing them of helping to acquire advanced U.S. technology for Chinese military. The Bureau of Industry and Security under the Department of Commerce added China General Nuclear Power Group and its subsidiaries China General Nuclear Power Corp., or CGNPC, China Nuclear Power Technology Research Institute Co., and Suzhou Nucle

airdefense-aug15.jpg A top U.S. defense official said rival countries are developing hypersonic weapons that are capable of breaking through its missile defense system. "They are quite capable," U.S. Undersecretary of Defense for Research and Engineering Michael D. Griffin said during a discussion at the Hudson Institute in Washington Tuesday, apparently referring to Russia, China and Iran. "The advantage offered by

Oklahoma is the state with the fastest-growing medical marijuana market in the U.S., according to an analysis by Marijuana Business Daily. The new quarterly release of the Marijuana Business Factbook states that the average number of daily patient increase in Oklahoma was 641, and medical marijuana...

steelkegs-081419.jpg The U.S. Department of Commerce has recommended that a 18.48 percent anti-dumping duty may be imposed on imports of refillable stainless steel kegs from Mexico. The Commerce Department said that after completing anti-dumping duty investigation, it was found that exporters from Mexico have sold refillable stainless steel kegs at "less than fair value" in the United States at a rate of 18.48 percen

cardiovasculardiseases-081419.jpg Higher intake of plant-based food and lower consumption of animal-based food can reduce the risk of cardiovascular diseases and mortality rates, a new study says. Eating more plant based foods such as fruits, vegetables, whole grains, nuts and legumes, and fewer animal products like meat, seafood, dairy and eggs will contribute to a healthy heart and cardiovascular system, according to research p

wto-aug14.jpg President Donald Trump has threatened that the United States will pull out of the World Trade Organization if the global trade body does not stop taking advantage of the country, and end its unfair treatment. "We will leave if we have to," he said while addressing workers at Shell Pennsylvania Petrochemicals Complex in Monaco, Pennsylvania. "We know that they have been screwing us for years and i

Illinois Governor J.B. Pritzker has approved legislation that expands and makes permanent the state's medical cannabis program. Illinois' medical cannabis law was set to expire next year. It was signed into law by former Governor Pat Quinn in 2013 as a pilot program. In June this year, Illinois...

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