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Oil prices fall to new six and a half year low, below $42.

Just over a year ago oil was comfortably hovering above $100 a barrel. Today it's struggling to stay above $40.

Crude oil slipped to $41.35 a barrel on Friday, the lowest intraday price since March 2009. Oil is now on track for a seventh weekly loss in a row. That's the longest weekly slump since January.

Low oil prices has already been causing pain in oil hotbeds like Texas and North Dakota, even though it's great news for American drivers.

The average price of a gallon of gasoline has tumbled by nearly $1 to $2.62, according to AAA. Some believe gas prices will soon break below $2 a gallon, saving millions of consumers lots of cash.

So what's going on? Simply put, there's more oil than the world knows what to do with. When supply outstrips demand, prices tend to fall.

Oversupply

The American energy revolution created a flood of new oil that has caused a supply glut. Rather than balance the market, the global oil cartel OPEC has decided to keep pumping oil -- despite low prices.

The cartel, led by Saudi Arabia, fears further losses in market share to the U.S., Canada and other producers. That's why oil prices fell significantly during the second half of last year.

America's shale producers also continue to pump

To the surprise of many, U.S. oil output remains stubbornly high. American producers have continued pumping oil aggressively. Despite cheap prices, rig counts have crept higher each of the past four weeks, according to Baker Hughes.

That persistence is why some believe the oil market won't balance itself until U.S. output is curtailed by a wave of oil mergers or even bankruptcies.

Demand is sluggish

Global economic growth has been anemic. Developed economies are struggling. The countries that are doing well like the U.S. have implemented efficiency standards that are limiting oil demand. At the same time, emerging markets are slowing down. That's keeping a lid on demand growth for oil.

China no longer on fire

The main driver of global growth for years was China. But that economy is going through some significant growing pains. The slowdown is cutting China's appetite for raw materials of all sorts, including crude oil.

Strong dollar could tamp demand

Like other raw materials, crude is priced in dollars. That means when the American currency gains in strength, it makes oil more expensive for buyers in overseas markets. The U.S. dollar has soared 7% so far this year against a basket of currencies. China added to the pressure on oil by devaluing its currency this week.

Iran could flood the world with more oil

As if all of that wasn't enough, Iran is looming in the distance. The country's nuclear deal with the West could pave the way for lots of new Iranian oil to flood the market at just the wrong time. There are new signs Iran is hoarding more oil at sea than previously realized.

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New experiment began in UK with McDonalds Brands, Due to the low proceeds in the last years McDonalds trying to reinvent her self and now days they running a new experiment, Waiters that will bring your order to your table less then 5 minutes. That means only one thing if the experiment will be successful the trading world will be happy as well while the McDonalds stock will rise up.

Samsung Electronics Co Ltd unveiled a new Galaxy Note phablet and a larger version of its curved-screen S6 edge smartphone on Thursday, marking a fresh bid by the South Korean tech giant to revive momentum in its handset business.

Samsung is the world's top smartphone maker but its market share fell in the second quarter when its critically acclaimed S6 models launched, squeezed by Apple Inc's upscale iPhones and cheaper offerings from Chinese rivals such as Huawei Technologies Co Ltd.

The manufacturer responded with S6 price cuts and bringing forward the Note unveiling from its usual early September spot, ahead of the latest iPhone launch widely expected in September.

Samsung has made several hardware changes for the new phablets - the informal name for larger screen phones approaching the size of a tablet - including a faster processor for the Galaxy Note 5 and increasing the screen size of the S6 edge+ to 5.7 inches from 5.1 inches on the S6 edge.

Both are powered by Samsung's Exynos chips, a person familiar with the matter told Reuters. Samsung dropped Qualcomm Inc chips that powered most of its previous handsets, opting to use its own processors for the S6 models.

The phones will go on sale on Aug. 21 in the United States and Canada. The Galaxy S6 edge+ will be offered in what it called "Black Sapphire" and "Gold Platinum," in the U.S. market, and the Note 5 will be offered in "Black Sapphire" and "White Pearl," with either 32 or 64 gigabytes of storage.

They will support mobile payment service Samsung Pay that will launch on Aug. 20 in South Korea and Sept. 28 in the United States.

The company also said it will expand the service to the United Kingdom, Spain and China, but did not specify a date.

Samsung Pay lets users make payments by having phones send signals to existing magnetic stripe card readers, offering greater store coverage than Apple's Apple Pay service which requires retailers to install compatible equipment. (Reuters).

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ChinaRare nuke like explosion Tianjin, 

China explosion Happened today the 12 of August 

More than 400 injured in surroundings of the chemical plant 

Rare nuke like explosion Tianjin, ChinaRare nuke like explosion Tianjin, China Happened today 12 of August more than 400 injured in surroundings of the chemical plant

The Republican presidential candidate has promised to bring American jobs back from China, and a major part of his stump speech is a pledge to "not let China rip us off any longer."

Now, Trump has a new line of attack, courtesy of the People's Bank of China's decision to let the yuan trade more freely, which has set off the currency's biggest decline in two decades.

"[China] continuously cuts their currency, they devalue their currency," Trump said during a campaign stop in Birch Run, Michigan. "They've been doing this for years -- this isn't just starting."

A weak currency cheapens the price of a country's exports, making them more attractive to international buyers by undercutting competitors.

Many experts disagree with Trump's analysis.

The International Monetary Fund, for example, says the yuan is fairly valued. And while it's true that the currency has depreciated this week, many analysts have praised China for following through on its commitment to allow market forces more influence over the currency.

The yuan, also called the renminbi, has appreciated 14% since mid-2014, according to Daiwa Capital Markets.

Trump, however, said that China is "making it absolutely impossible for the United States to compete," and doing so without suffering any consequences.

"China has no respect for President Obama whatsoever," he said. "They think we're run by a bunch of idiots, and what's going on with China, it's unbelievable."

Earlier this year, Trump ran into some political trouble after some of his branded merchandise was found to have been manufactured in China. Trump said he had no alternative.

"My ties ... a lot of them are made in China," he said, "because they have manipulated their currency to such a point that it's impossible for our companies to compete."

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1. If you own stock in Google – you will soon be the owner a new stock called Alphabet instead.

As Page says in his letter, posted at the cheekily named new Alphabet site abc.xyz, every share of Google stock will automatically convert to Alphabet stock later this year. And given that Google represents about 1.5% of the market value of the S&P500, chances are you own some of those shares, if only because you probably own shares in a large-cap stock index fund.

The conversion won’t have any tax implications for owners; they’ll just get one share of stock in exchange for the other.

Google currently trades in different share classes—some with voting rights, some without—and that’s not changing. So non-voting Google shares will become non-voting Alphabet shares. For now, at least, the stock market tickers won’t change. Alphabet will still trade as GOOG and GOOGL, depending on the share class.

2. Google is still around: It will be just one (still giant) company owned by Alphabet.

Alphabet will be an umbrella for numerous businesses. Google will be one of those companies. Outside of Google will go other current Google ventures that Page calls “far afield” from the flagship digital media business. He mentions two: A life-sciences division working on contact lenses for diabetics and a “longevity” company called Calico.

Nest, which makes web-connected thermostats and security systems, and Google X, which funds bleeding-edge projects like driverless cars, will also be separate from Google under the Alphabet umbrella, according to SEC filings.

3. Google’s new CEO is Sundar Pichai, and he’ll report to Alphabet CEO Larry Page

Picahi was previously a product manager for Google, and has been considered Page’s deputy. He was already a pretty big deal in his own right, as made clear in a cover story on him in Bloomberg Businessweek last year.

4. Alphabet will break out financial results for its different business segments. So investors will be able to understand Google’s financials separate from those of the other businesses. That’s probably the most important news right now.

The new Alphabet shareholders will own the same businesses as the old Google shareholders. The main difference is that investors will also be able to look at Google, the familiar digital media business, on its own. That can be important for a company that wants to keep Wall Street happy. Investors who want to be able to compare Google to other digital media businesses will have an easier time doing so. Analysts can value the company based on the assets and earnings contributions of its different parts, and compare the company’s share price to its value if the businesses were one day broken up or spun-off.

The move reflects Google’s, and the market’s, awareness that the company is a lot more than a web-search and media business these days. But it also seems to be a recognition that investors want to know just what they are paying for when they buy a share.

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