Markets

by | April 16, 2019 | 02:38

The tax cuts were lambasted on Sunday by Minnesota Sen. She said Trump's tax breaks could have instead been invested into bridges, roads, and schools. One poll found that just one-fifth of taxpayers were certain their taxes went down. The average tax refund for state residents is up 2 percent. Along with discussions on taxes, trade and the economy, Trump also expressed his shock and sadness for the massive fire that was devastating the Notre Dame Cathedral in Paris - calling the blaze ...

by | April 16, 2019 | 02:28

A federal judge in NY has given Musk and the U.S. Securities and Exchange Commission until April 18 to rework an agreement governing how the CEO posts information about Tesla on social media. Last September, the SEC sued Musk for a separate tweet on August 7 in which he said Tesla had. He agreed to pay $20 million, step down as chairman and seek pre-approval from an in-house securities lawyer before tweeting information material to the electric-car maker.

by | April 16, 2019 | 02:04

Wall Street was full steam ahead at the open after JPMorgan Chase and Wells Fargo kicked off the earnings season with strong quarterly reports. Banks have been benefiting from higher interest rates, which allow them to book fatter profits from making loans.

by | April 16, 2019 | 02:30

For companies like China's Baidu, Alibaba and Tencent, "996" was "a kind of blessing", he said. He went on to call the opportunity to work 996 hours a "blessing". "One should not attach the moral labels of "slackers" or "not willing to strive" to employees who are against 996". Ma is not alone in his advocacy for overtime.

by | April 15, 2019 | 05:04

This figure is a jump from the 458,000 bpd reaching India from Iran a year earlier, preliminary tanker arrival data revealed. Reuters reported Friday that us sanctions on oil from the two countries has led to a global shortage of "sour" oils, described as heavier than oil produced from countries such as the usa, which is experiencing record oil production of variants described as lighter and sweeter than its Russian, Venezuelan or Iranian competition.

by | April 15, 2019 | 04:02

West Texas Intermediate on Thursday fell $1.03 to settle at $63.58 per barrel, while Brent settled down 90 cents at $70.83 per barrel. "Although it is still early days, the major centers of oil demand growth are performing strongly; in China , the economy seems to be reacting to the government's stimulus measures", it said , also reporting strong demand in India .

by | April 15, 2019 | 03:37

Luxury condos may be marketed as being energy-efficient but according to BC Hydro, that's far from the truth. This means that the energy footprint of those living in newer condo buildings can be several times larger than those residing in older apartments.

by | April 15, 2019 | 03:44

Fedeli announced they expect to balance the budget in five years, after the next provincial election. The 2019 provincial budget dramatically loosens the government's grip on vices, giving Ontarians easier access to alcohol and more options when it comes to gambling.

by | April 15, 2019 | 01:43

A company rep says the idea is to make flights more comfortable for the people behind each seat, and to make it easier for passengers to view the video screens embedded in the seat backs. There are now no plans to reduce legroom or squeeze in additional seats during the recline change. Delta Air Lines will reduce the amount that seats recline on some planes by about 5cm, aiming to preserve the workspace of multitasking business travellers.

by | April 15, 2019 | 02:40

Bush. Some Senate Republicans have voiced concerns over Cain's support for slashing interest rates, echoing a call by Trump. The president has said privately that he knows Cain will have trouble getting confirmed to the Federal Reserve Board , people familiar with the matter said Thursday.

by | April 15, 2019 | 01:43

Securities and Exchange Commission showed Uber had 91 million average monthly active users on its platforms, including for ride-hailing and Uber Eats , at the end of a year ago. Even reporting on these incidents can hurt Uber's brand, the company says, which is why Uber is compiling its own "transparency report" on sexual assault and harassment in an effort to get ahead of the story.

by | April 14, 2019 | 01:33

He accused of threatening to publish explicit photographs of him unless he stopped exploring his messages were acquired by the Enquirer together with Sanchez, the tabloid's writer. The letter sought guidance on whether AMI's relationship with Saudi Arabia required it to register as a foreign agent under US law. In an open letter to the Amazon leadership, which was signed by 4,074 Amazon workers, they said Amazon has the resources and scale to fight climate change, which they called "an ...

by | April 14, 2019 | 01:49

Salmonella contamination concerns have prompted the recall of some melon products sold at Walmart, Target, GFS, Trader Joes, Whole Foods and other stores in 16 states including OH and Pennsylvania. The products were packaged in clear, plastic clamshell containers and distributed in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New York, North Carolina, Ohio, Pennsylvania, Tennessee, West Virginia, and Wisconsin.

by | April 14, 2019 | 02:59

Most airlines providing transatlantic flights cost more money to maintain and sell pricey tickets to match, while the low-priced carriers often charge you extra to bring along a tiny purse. "It puts cities like Dublin and perhaps Amsterdam in scope". "While a logical move longer term, we believe JetBlue's entrance into the trans-Atlantic could be an overhang on investor sentiment".

by | April 14, 2019 | 01:57

The new arrest warrant for Ghosn was served over an allegation of aggravated breach of trust in connection with the misuse of Nissan funds paid to an Omani distributor. His lengthy detention has sparked some criticism of the Japanese justice system, derided by some as "hostage justice" as suspects can be held for a long time without formal charges.

by | April 14, 2019 | 02:11

Chinese manufacturer Geely has launched a new all-electric vehicle brand. The new brand will work with exclusively developed platforms and distribution channels and will focus on the Chinese market, taking orders from overseas, as in the case of Geometry A .

by | April 14, 2019 | 02:17

Managing director of Abellio UK Dominic Booth said: "Abellio is proud to have been selected as the Winning Bidder for the East Midlands franchise". However one of the first problems which Abellio will face concerns East Midlands Trains' existing 40-year old HST diesel trains.

by | April 14, 2019 | 01:07

The companies plan to revisit their Gigafactory expansion plans in 2020 depending on Model 3 and Model Y sales at that time. Problems at the new Gigafactory Through the vertical integration and large scale production at the Gigafactory, Tesla hoped to reduce costs to a level that could not be previously reached in the production of battery cells and packs the company boasted in a 2014 announcement.

by | April 14, 2019 | 01:15

The series of hearings opening Tuesday at Boston have consequences for the Las Vegas company's MA casino permit and Encore Boston Harbor , the $2.6 billion hotel in Everett it plans to start in June. Those suggestions include a compliance committee to investigate sexual assault claims, an annual audit of their policies, routine discrimination and harassment training for their staff, to stay away from Steve Wynn's lawyers, and to otherwise keep the MGC in the loop on every complaint raised.

by | April 13, 2019 | 11:00

Anadarko's stock surged on the news. Chevron shares were down 4.2% from Thursday's close of $125.99 a share. Anadarko shareholders will receive 0.3869 shares of Chevron and US$16.25 in cash for each share they own, or US$65 per share. As of February 2018, Anadarko was the largest oil and gas producer in Weld County . That is at the heart of Chevron's Permian strategy. Anadarko has always been rumoured to be a takeover target of the world's largest oil companies, offering a suite of assets ...

by | April 13, 2019 | 09:48

Bezos himself had suggested in his own online post that he had become the enemy of Saudi Arabia and Trump due to coverage of the murder of Khashoggi in the Washington Post , and pointed out that AMI had long sought to ingratiate itself with both the kingdom and the President.

by | April 13, 2019 | 11:20

About serving drinks in the cabin when she was kindly bumped by another passenger, peters posted details on the internet. Yes, a direct hit on her airline's top boss with a full tray of drinks. They even chatted and joked about the fumble throughout the flight. She said that she dropped the tray and the drinks splashed on Parker and on herself.

by | April 13, 2019 | 09:41

On Thursday, the airline had announced temporary grounding of its global operations for the day - Jet Airways was the largest worldwide airline from the country till the financial crisis. This led to the cancellation of the Amsterdam-Mumbai flight that day. Airline sources said Mr Goyal has put in bid for Jet Airways . Following grounding of flights due to unpaid dues, several jet flights were grounded bringing its fleet down to just 14 aircraft.

by | April 13, 2019 | 09:38

The elephant in the report, though, is a permanent replacement for Tim Sloan who abruptly retired as chief executive officer late last month. Revenue increased 4 percent from 2018's first quarter , though trading revenue fell by nearly one-fifth.

by | April 13, 2019 | 09:08

Unlike the remainder of the bank leaders appearing before Financial Services Committee, JPMorgan Chase boss Jamie Dimon appeared before Congress many times prior to and following the financial crisis. Representative Sean Duffy of Wisconsin was among the Republicans who balked at a retreat by major banks from financing gun makers, rebuking Bank of America's Brian Moynihan, who said the bank restricted financing of gun companies because of employees who had been personally affected by shootings.

by | April 13, 2019 | 08:02

Interestingly, Tesla said lease customers won't get the option to buy back their vehicles at the end of the term, because "with full autonomy coming in the future via an over-their-air software update, we plan to use those vehicles in the Tesla ride-hailing network", Tesla wrote.

by | April 13, 2019 | 07:43

On its website , the commission said at least 30 infants had died in the sleeper model since its 2009 release. "For nearly 90 years, Fisher-Price has made the safety of children our highest priority". Patty Davis, a spokeswoman with CPSC, had said the commission was aware of the report of additional fatalities and were looking into those deaths. The sleepers, a soft cradle that vibrates, are used to put babies to sleep.

by | April 13, 2019 | 06:47

Ecuador's Interior Minister María Paula Romo said the country's previous administration, run by former President Rafael Correa , "tolerated things like Assange putting feces on the embassy walls and other behaviors far from the minimum respect that a guest can have".

by | April 12, 2019 | 03:00

A Coinbase Card app has also been launched which will make managing funds easier. "This is the first debit card to link directly with a major cryptocurrency exchange in the United Kingdom and European Union, allowing users to spend their crypto balances direct from their Coinbase account".

by | April 12, 2019 | 02:34

Uber's plans to reportedly sell $ 10 billion worth of stock in a public offering next month would value the company at around $100 billion, one of the biggest tech IPOs of all time, but less than the $120 billion many investment bankers expected, Reuters reported.

by | April 12, 2019 | 03:06

But he added: "The thing is, they are part of Saudi Arabia , they are a government arm. For equity investors this is always going to be an issue, more so than for bond investors". The order book for Aramco expanded from about $40 billion when the deal kicked off, people with knowledge of the deal said. It said it will pay for most of the SABIC purchase in cash.

by | April 12, 2019 | 01:28

The White House said Trump and Moon will discuss North Korea and other bilateral issues. President Donald Trump's meeting Thursday with South Korean President Moon Jae-in comes amid uncertainty over whether the leader of North Korea is considering backing out of nuclear negotiations or restarting nuclear and missile tests.

by | April 11, 2019 | 06:22

Companies like Netflix have advocated for net neutrality, finding themselves on the opposite side of large service providers like Comcast and AT&T. But the bill faces long odds in the GOP-controlled Senate, after Republican Leader Mitch McConnell of Kentucky told reporters Tuesday that the measure is " dead on arrival ".

by | April 11, 2019 | 06:01

Crucially, though, Wing is allowed to pilot its drones five meters above and two meters to the side of people while making deliveries - a dramatically shorter distance than the typical 30-meter rule in Australia . Drone deliveries are gaining popularity around the globe. "The feedback we have received during the trials has been valuable, helping us to refine our operations to better meet the needs and expectations of the communities in which we operate", the company stated.

by | April 11, 2019 | 04:27

There is an appetite to bring back supersonic flight and possibly even push into hypersonic speeds. It would travel at Mach 3.3 or more than three times the speed of sound. According to Mr Thomas, the firm's ability to keep the engine cool is a major revelation for the industry - Concorde famously reached speeds of Mach 2, which he says "was tolerable, but already the aircraft was getting quite hot".