Finance

Tesla's Autopilot Engaged in Fatal Florida Crash, Finds NTSB

Tesla's Autopilot Engaged in Fatal Florida Crash, Finds NTSB In that crash, the driver of a 2015 Tesla Model S collided with the trailer of a semi that had swung wide to the right lane to make a left-hand turn. Note that this is not enough information to say the driver definitely took his hands off the wheel; it only means the vehicle did not detect any torque from the driver's hands. [Full Article...]

Walmart ups the delivery game with next day shipping

Walmart ups the delivery game with next day shipping Walmart says introducing the feature is a smart business move for the company, because it actually costs less to ship out multiple goods in a single box from a fulfillment center located closest to the customer than to ship out multiple boxes from all over the country. [Full Article...]

Uber adds 'quiet mode' in luxury service upgrade

Uber adds 'quiet mode' in luxury service upgrade It can be requested for any Uber Black or Uber Black SUV and is advertised as ideal for those who "need to respond to emails or are in the mood for a nap". Uber Black costs 100 percent more than Uber X and 200 percent more than the Uber Pool, according to The Verge . "But really, why do we not have Lyft/Uber quiet mode yet. [Full Article...]

Bitcoin holds to $8K after testing higher grounds: $10K in sight?

Bitcoin holds to $8K after testing higher grounds: $10K in sight? Fundamental developments support the upside . After an extensive slump since the end of previous year, Bitcoin prices have now spiked to a nine-month high of nearly $8,000, leaving analysts and enthusiasts questioning what might have caused the sudden uptick. [Full Article...]

Impossible Foods Now Worth 2 Billion Thanks to Celeb Investments

Impossible Foods Now Worth 2 Billion Thanks to Celeb Investments In particular, Impossible Foods offers the plant-based Impossible Burger , which debuted in 2016, and recently launched the Impossible Burger 2.0, a significant product upgrade. The company is adding a third shift and a second full line of production to help increase its capacity this year. David Lee, chief financial officer for Impossible Foods said: "We have cracked the molecular code for... [Full Article...]

Amazon looks to make employees a driver offer they can’t refuse

Amazon looks to make employees a driver offer they can’t refuse Amazon also established the Delivery Service Partners initiative a year ago, allowing independent business owners to put the Amazon Prime logo on delivery vans even if they continue working with FedEx and UPS. or Lyft Inc. and who are upset about the way they are treated and how much they are being paid per ride. The program is reportedly open to a variety of Amazon employees including wa... [Full Article...]

4 reasons why Trump's China strategy is 'very risky'

4 reasons why Trump's China strategy is 'very risky' Brent crude gained 0.07% to $70.28 per barrel. In a series of tweets on Monday, Trump said China had "taken so advantage of the United States for so many years". The U.S. slapped China with $200 billion in tariffs after failed trade talks last week, while China retaliated with $60 billion in retaliatory tariffs over their own. [Full Article...]

Monsanto ordered to pay $2 bn in new Roundup trial

Monsanto ordered to pay $2 bn in new Roundup trial The verdict will be vulnerable to a legal challenge by Bayer because courts have generally held that punitive damages shouldn't be more than 10 times higher than compensatory damages. The decision Monday marked the third defeat in court for Monsanto in California since August. It insists that Roundup is safe to use. That was later reduced to $ 78 million . [Full Article...]

As US sanctions weigh in, Iran sends foreign minister to New Delhi

As US sanctions weigh in, Iran sends foreign minister to New Delhi Saudi Arabia continued shipping through the Strait of Hormuz during the so-called tanker war , a phase of the 1981-88 conflict between Iraq and Iran when both foes attacked vessels in the Gulf. But it raised risks for shippers in a region vital to global energy supplies at a time of increasing tensions between the US and Iran over its unraveling nuclear deal with world powers. [Full Article...]

Farmers get impatient with Trump's trade war: 'This can't go on'

Farmers get impatient with Trump's trade war: 'This can't go on' For its part, China said on Monday it plans to set import tariffs ranging from five percent to 25 percent on 5,140 USA products on a revised $60b target list. Trump has railed against the Chinese since the middle of his 2016 presidential campaign, complaining about unfair trade practices that put Beijing at an advantage. [Full Article...]

Trump raises tariffs on $200 billion of Chinese goods, prompting Chinese warning

Trump raises tariffs on $200 billion of Chinese goods, prompting Chinese warning China vowed retaliation, but hadn't announced any details as of early Sunday morning in Beijing. The new increase applies to an even greater value of goods put at about Dollars 300 billion. "Negotiations have not broken down, but rather on the contrary, this is only a normal twist in the negotiations between the two countries, it is inevitable", Liu said. [Full Article...]

Markets Right Now: Stocks sink as trade war escalates

Markets Right Now: Stocks sink as trade war escalates Trump has ordered Lighthizer to begin imposing tariffs on all remaining imports from China, a move that would affect about an additional $300 billion worth of goods. Unlike many other news organizations, we have not put up a paywall. Officials appeared to be studying the potential impact on China's economy before picking their next steps, said Jake Parker, vice-president of the U.S. [Full Article...]

Break up Facebook, says company's co-founder

Break up Facebook, says company's co-founder The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp a year ago. We are a large company made up of many smaller pieces. It seems many former Facebook executives feel the same way. Kamala Harris also said breaking up the company is something that "we have to seriously take a look at". [Full Article...]

Trump warns China not to retaliate against United States trade tariffs

Trump warns China not to retaliate against United States trade tariffs Trump's surprise tariff announcement renewed anxiety in financial markets about global economic growth. China's Commerce Ministry said it "deeply regrets" the U.S. The US and China have been trying to forge a trade deal since President Trump began raising tariffs on Chinese goods last... 'Their [sic] is no reason for the U.S. [Full Article...]

US Supreme Court greenlights lawsuit over App Store monopoly

US Supreme Court greenlights lawsuit over App Store monopoly The Supreme Court ruled against Apple on Monday in an antitrust lawsuit that accused the tech company of monopolizing IOS apps and artificially inflating prices through its App Store . Explaining the ruling from the bench, Kavanaugh said the 1977 precedent was "not a get-out-of-court-free card for monopolistic retailers", an apparent allusion to the popular board game Monopoly. [Full Article...]

S&P 500 futures tumble as U.S.-China trade fears escalate

S&P 500 futures tumble as U.S.-China trade fears escalate Kudlow broke with the president's long term, official line that Chinese exporters pay tariffs, however, a claim which has long since been debunked: tariffs are paid by importers to release a product from the dock at which they enter a country. [Full Article...]

Etihad interested in re-investing in India's Jet subject to conditions

Etihad interested in re-investing in India's Jet subject to conditions Details of the bids are not known", said an official. Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday. [Full Article...]

Mukesh Ambani's RIL buys out British toy-maker Hamleys for £68 million

Mukesh Ambani's RIL buys out British toy-maker Hamleys for £68 million Reliance Industries operates 88 Hamleys stores across 29 cities in India. Asia's richest man Mukesh Ambani has snapped up the storied British toy store Hamleys from its Chinese owners for US$88 million (S$120 million), the latest in a dizzying splurge of retail acquisitions. [Full Article...]

Tata’s steel plan thrown back into doubt as merger collapses

Tata’s steel plan thrown back into doubt as merger collapses Tata had given unions a lot of commitments ahead of the intended merger but it has to be said, this joint venture with Thyssenkrupp was regarded as essential for the future of its United Kingdom business. Assuming the merger is now not going ahead, Thyssenkrupp said it was now considering a new strategy, which could include a partial listing of its lifts division. [Full Article...]

Canada just posted the biggest jobs gain on record

Canada just posted the biggest jobs gain on record The announcement dropped the unemployment rate to 5.7 percent from 5.8 the previous month. As well, the unemployment rate declined by 0.1% points to 5.7% as more people participated in the labour market. There were 83.8k jobs created in the private sector while 22.7k were added in the public sector - the majority of those being full-time positions. Canada's economy has added 426,400 jobs o... [Full Article...]


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