Markets

by | April 29, 2019 | 03:26

Oil prices increased throughout the first quarter following allies such as Russian Federation to limit production and an agreement by OPEC. Mexico's Maya crude, a heavier oil, traded for an average of less than $4 a barrel below Louisiana Light Sweet, a Gulf Coast benchmark, during the first quarter, according to S&P Global Platts.

by | April 29, 2019 | 05:08

Diamond said the new language adds clarity to the original agreement and places significant restraints on Musk's use of Twitter . Musk would have to adhere to Tesla rules regarding potentially significant comments by executives, and have tweets or other social media posts pre-approved by "an experienced securities lawyer employed by the company", according to the proposed settlement.

by | April 29, 2019 | 02:35

Bond markets reacted negatively to the GDP report , with the yield on 10-year U.S. Treasuries reaching a low of 2.500%, according to Yahoo Finance. The numbers may bolster hopes that growth is stabilizing after its recent soft patch. Some of the weak data, especially retail sales, were blamed on a 35-day partial shutdown of the federal government, which hurt confidence and delayed processing of tax refunds.

by | April 29, 2019 | 02:29

About 1,200 jobs are at risk after Debenhams outlined plans to shut 22 department stores next year as part of a restructuring created to keep the chain going. Debenhams - which recently went into administration - previously stated that they plan to close up to 50 stores in the UK. Stores in Canterbury, Guildford, Wolverhampton and Kirkcaldy are among those earmarked for closure.

by | April 29, 2019 | 02:17

The announcement comes on the heels of a similar recall of Fisher-Price Rock 'n Play sleepers after the popular product was linked to more than 30 infant deaths in 10 years. Some studies have suggested that babies that sleeping on their backs have a lower chance of dying from sudden infant death syndrome (SIDS). The last recall before the rocking sleeper took place in 2017 and centered around an oball rattle.

by | April 29, 2019 | 02:40

Ford said in February that it was investigating how it tested the emissions and fuel efficiency of its vehicles after employees reported possible flaws with the company's computer models. In a regulatory filing , Ford said: "This matter now focuses on issues relating to road load estimations, including analytical modeling and coastdown testing".

by | April 28, 2019 | 04:18

The trial will allow 200 of the bank's customers to approve transactions over the contactless limit with the press of a button rather than a PIN number. As part of the trial, NatWest customers will be able to verify transactions above the £30 payment cap using their fingerprint instead of PIN code. "This is the biggest development in card technology in recent years and it's great to finally see the cards in the hands of our customers".

by | April 28, 2019 | 02:48

The three pronged plugs sold between 2003 and 2010 with Apple's Mac computers and mobile devices are the ones affected by the recall. Six incidents involving these adapters have been reported worldwide, according to the company, which explains that shoddy fixtures may break and expose electrified metal parts.

by | April 28, 2019 | 04:28

Apple USB power adapters are not affected by the recall. The two-part adapters, which were also sold in Hong Kong and Singapore, were shipped with Apple's Mac desktop and laptops, some iPhones, iPods and iPads, as well as in the Apple World Travel Adapter Kit .

by | April 28, 2019 | 02:26

Lucara sells its diamond production through regularly scheduled tenders throughout the year and since commencing production, has sold 180 diamonds for more than $1 million each and 10 single diamonds for more than $10 million each. The all-time record for gem-quality rough remains the 3,106-carat Cullinan , a 1905 discovery in South Africa that was cut and polished into the 530.2-carat Great Star of Africa in Queen Elizabeth II's sceptre and produced eight other gems for Britain's Crown ...

by | April 28, 2019 | 03:08

Washington said on Monday that it would end all exemptions for sanctions against Iran. United States sanctions on Iran and Venezuela have helped push oil prices up this year, along with orchestrated cuts by the Organization of Petroleum Exporting Countries (Opec) and other big producers.

by | April 27, 2019 | 04:57

North America continued to drive Ford's profit, with earnings before interest and taxes of US$2.2 billion, up from US$1.9 billion a year earlier. As of 10:30 a.m. Ford Motor Co .'s long-awaited turnaround is starting to gain traction as high-profit trucks and deep cost cuts boost earnings and bolster its outlook for the year.

by | April 27, 2019 | 04:08

PepsiCo had also sued four farmers from Sabarkantha district in Gujarat for infringement of Intellectual Property Rights (IPR) of a potato variety named namely FL 2027 also called FC5 - registered under the Protection of Plant Varieties and Farmers' Rights (PPV&FR) Act, 2001.

by | April 27, 2019 | 02:21

By comparison, the top end of Uber's valuation target is around eight times revenue past year. Lyft completed its IPO at a valuation of $24.3 billion, which corresponded to around 11 times its 2018 revenue. However, the company estimated losses of $1 billion to $1.1 billion for the first quarter. Both Uber and Lyft face an uncertain path to profitability as they deal with intense competition, high costs to pay drivers, increased regulation by cites and a long, uncertain road to the ...

by | April 27, 2019 | 02:30

Staff in Romania, India, Costa Rica and the U.S. have access to the geographic coordinates of devices that include the Alexa virtual assistant, which can be easily used to locate a user's home address. In the world of smart assistants, Amazon Alexa is one of the most popular and widely-used. Likewise, the tools the "annotators" and "verifiers" use can reveal contact names, numbers and email addresses to the team, providing they've been shared by the user.

by | April 27, 2019 | 03:35

As a result, bond prices picked up a bid. Figures from the Australian Bureau of Statistics (ABS) show that the headline inflation, or CPI, remained unchanged in the first quarter of the year, but it recorded an annual decline from 1.78% to 1.33%.

by | April 27, 2019 | 02:44

Ford had already planned to spend US$11 billion to develop almost two dozen electric vehicles, including a small SUV due next year and a version of its F-150 pickup truck. "There is a lot to learn from companies like Ford that really understand the complexity of producing such a robust and complex product as a vehicle", Scaringe said.

by | April 27, 2019 | 01:36

In a call to investors following Amazon's first quarterly earnings report today, CFO Brian Olsavsky said that the company is working on changing the two-day default to just one. "The days of stellar uplifts have long since disappeared and it is clear that Amazon is now in a different era - one characterized by more modest gains".

by | April 26, 2019 | 02:20

That means you can't return items bought over Amazon from a third-party seller , but anything sent directly from an Amazon warehouse should be all right, Gizmodo reported. fulfillment network consists of more than 50 fulfillment centers, over 20 sortation centers and more than 90,000 full-time employees. "It's really unique.

by | April 26, 2019 | 02:28

With this certification, Wing will be able to deliver commercial packages via drone, but only in Blacksburg, Virginia . Wing drones have already flown more than 70,000 test flights and completed more than 3,000 deliveries to doorsteps, driveways, and backyards for customers Down Under.

by | April 26, 2019 | 02:16

Microsoft's shares rose 3.7 percent in afternoon trading following the company's better-than-expected earnings report. The deals reflect Chief Executive Officer Satya Nadella's efforts to draw some customers away from cloud market leader Amazon .com Inc.

by | April 26, 2019 | 02:59

The trading day painted a story of strong United States consumers, said Edward Moya, senior market analyst at Oanda. Investors continued to wade through a steady flow of corporate earnings. Brent crude futures settled up 6 cents at $74.57 a barrel, while U.S. West Texas Intermediate crude futures fell 41 cents to settle at $65.89 a barrel.

by | April 26, 2019 | 01:50

Hironaka said he had expected the restrictions because bail conditions generally prohibit contact with people linked to the case. Last time he left the detention centre in northern Tokyo, he was dressed in a cap, face mask and workman's uniform in an apparent attempt to evade dozens of journalists from around the world hoping to snap a picture of the fallen tycoon.

by | April 25, 2019 | 05:19

Key factors such as bulk availability of raw materials, increasing population, and high consumption of non-meat products are creating huge opportunities for growth of the market . The product is designed to have the meaty taste, texture and versatility that consumers love about ground beef, but with the added health and sustainability benefits of plant-based meat."We've long had our eye on creating a product that enables consumers to enjoy all the benefits and versatility of ground beef while ...

by | April 25, 2019 | 03:54

The vehicle appeared to be a Model S sedan, but Tesla did not confirm the model , according to the BBC. Elon Musk tweeted that the "New Model S has 370 mile / 595 km range". To wit, the new Tesla Model S and Model X are getting a boost in both performance and range. If you've already bought a Model X or Model Y, you might feel a little frustrated to be missing out.

by | April 25, 2019 | 03:52

Facebook's total revenue for the first quarter stood at more than $15 billion. The probe has focused on whether the sharing of data and other disputes violated a 2011 agreement with the FTC to safeguard user privacy. Ireland is Facebook's lead privacy regulator for Europe. This compares to the year-ago quarter when earnings came to $1.69 per share on revenue of $11.97 billion.

by | April 25, 2019 | 02:48

For the full year, ending June, earnings are projected to rise 14.4% year over year to $4.44 per share, while full-year revenue of $124.07 billion would mark a year-over-year increase of 12.3%. In this quarter Microsoft introduced the new Surface Hub 2S and HoloLens 2, but the devices are unlikely to contribute to revenue until some time later this year.

by | April 25, 2019 | 01:16

Since March 2018, the formerly reclusive North Korean leader has held four meetings with Chinese President Xi Jinping, 3 with the South's Moon Jae-in, 2 with Trump and one with Vietnam's president. Primorye governor Oleg Kozhemyako told Rossiya-24 that Kim would be meeting "ordinary people" in Russian Federation who all favor closer ties with the North.

by | April 24, 2019 | 02:58

That number has been decreasing year over year for several quarters, and Twitter told investors in 2018 that the metric would likely continue to drop for some time as it removes spam and suspicious accounts. Excluding a tax benefit of $124m, adjusted net income was $66m, up from $ 61m a year ago. Monthly active users were 330 million in the first quarter, Twitter said.

by | April 24, 2019 | 03:33

The chief executive said the electric vehicle company would have "over a million robotaxis" on the road next year. Musk said he expected that with Tesla technology, drivers "would not need to touch the wheel" sometime early next year and that he hoped for regulatory approvals in some areas later in 2020.

by | April 24, 2019 | 03:33

She said that wiping out student debt and making two- and four-year public colleges free would boost the economy and help close the wealth gap between minorities and whites. "It's forcing students to drop out of school before getting a degree". Goldrick-Rab, who has written about hunger and homelessness on college campuses, said a better solution could include expanding the Supplemental Nutrition Assistance Program.

by | April 24, 2019 | 03:11

The EU initially singled out Harley-Davidson a year ago in response to President Trump's tariffs on European steel and aluminium. Trump had previously criticized Harley-Davidson after the company considered moving part of its production overseas due to the rising costs of steel and aluminum.

by | April 23, 2019 | 03:25

The price of "black gold" was also supported by the decline in USA stocks. Brent crude futures rose $2.07, or 2.88 percent, to settle at $74.04 a barrel. This year, oil prices were supported by the agreement between OPEC and non-cartel members to reduce production by 1.2 million barrels per day. In the near future, demand growth and geopolitical issues are important factors to affect oil prices.

by | April 23, 2019 | 03:04

In a plea agreement , Hutchins pleaded guilty to two of ten charges: One being he meant to distribute Kronos, and the other being conspiracy. Hutchins faces up to five years in prison and US$250,000 (S$338,000) in fines for each of the charges, according to USA court documents.

by | April 23, 2019 | 02:58

Only Minnesota and Wisconsin have lower unemployment rates in the Midwest at 3.2 percent and 2.9 percent, respectively. "If labor markets weren't so tight, we'd be seeing even stronger job growth". Private sector jobs, a subset of total nonfarm jobs, decreased by 1,700 from the previous month. That has run counter to national trends that have seen more people entering the labor force in search of higher-paying jobs.