Business

Ohio's back-to-school tax holiday starts Friday

Ohio's back-to-school tax holiday starts Friday

The holiday begins at midnight Friday and runs through 11:59 a.m. Sunday. Tax-exempt items include most school supplies selling for $15 or less per item and most clothing and footwear selling for $60 or less per item. Gordon Gough, president of the state Council of Retail Merchants, says consumers will get the "lion's share of benefits". It's been advertised as beneficial for back-to-school shopping, but it's more than that.



China trade war hits Asian stock markets again

At the same time, the USA indicated it is open to restarting formal negotiations with China, though Beijing must agree to open its markets to more competition and stop retaliating against US trade measures. "Unilateral threats and pressure will only be counterproductive". The US has already placed tariffs on Chinese goods worth $34 billion to punish Beijing for what it claims is unfair trade practises, while China lashed out with tit-for-tat tariffs.



Google planning China search app, ending long boycott

Google plans to launch a censored version of its search engine in China, marking a major shift in strategy for the USA internet giant almost a decade after it exited the world's second largest economy over Beijing's strict censorship rules, according to a report by The Intercept .


Tesla expects to hit 6,000/week Model 3 production rate

Tesla expects to hit 6,000/week Model 3 production rate

Tesla's shares are still worth a whopping 35 times the mean of analysts' estimates for 2020 earnings , according to Thomson Reuters I/B/E/S. Others, though, are unconvinced. "The popularity of Model 3 is a true testament to the product". Now that Tesla pulled off that rate of output at the end of June, it's reviving the goal to make 10,000 a week sometime in 2019.


USD/JPY: Two tweaks the BOJ could make tonight

USD/JPY: Two tweaks the BOJ could make tonight

The dollar reversed losses against the yen and was last up 0.2% at 111.29. In a full version of its quarterly report on the economic and price outlook released on Wednesday, the BOJ pointed to several structural factors that may be behind Japan's stubbornly low inflation.