Finance

Jeff Bezos: One day, Amazon will go bankrupt

Jeff Bezos: One day, Amazon will go bankrupt Amazon will go bankrupt. During an all-hands meeting last week in Seattle, an Amazon employee asked Bezos what he had learned from the recent bankruptcies of Sears and other large retailers. The company's workforce has grown more than 20-fold in the last eight years, and its stock price has more than quadrupled in the last five years. "It's reasonable for large institutions of any kind, whethe... [Full Article...]

Lion Air victim's family files suit against Boeing

Lion Air victim's family files suit against Boeing The US Federal Aviation Administration (FAA) warned airlines last week that erroneous inputs from the system's sensors could lead the jet to automatically pitch its nose down even when autopilot is turned off, making it hard for pilots to control. [Full Article...]

Chinese 5-Star Hotels Apologize After Video Reveals Hygiene Horrors

Chinese 5-Star Hotels Apologize After Video Reveals Hygiene Horrors The Ritz-Cartlon and other five-star hotels in China apologized after a video exposing unhygienic cleaning practices went viral online this week in the latest health and safety scandal to rock the country. This is not the first time that well-known hotels have failed basic hygiene checks in China. China's Ministry of Culture and Tourism said in a statement it was concerned by the reports and... [Full Article...]

Redesigned 2020 Toyota Corolla Finally Gets a Hybrid

Redesigned 2020 Toyota Corolla Finally Gets a Hybrid Think we'll see this in 2019? Will going hybrid give the Corolla a sales boost? Toyota will introduce the new Corolla in China and Japan around the same time. The Chinese launch will take place after the middle of the same year. Toyota also stated during this occasion that the latest Corolla will be launched in 150 countries throughout the world. [Full Article...]

Thanksgiving Warning: USDA Urged to Name Turkey Brands Linked to Salmonella Outbreak

Thanksgiving Warning: USDA Urged to Name Turkey Brands Linked to Salmonella Outbreak The most common symptoms of salmonellosis are diarrhea, abdominal cramps, and fever within 12 to 72 hours after eating the contaminated product. The CDC is urging consumers to practice safe preparation and cooking, including washing hands frequently when handling raw products, cleaning food preparation areas thoroughly, and cooking meat to an internal temperature of 165 degrees Fahrenheit. [Full Article...]

Xi Jinping: US-China trade war will produce no winners

Xi Jinping: US-China trade war will produce no winners Trump and Xi are scheduled to meet a few weeks from now at the Group of 20 summit in Buenos Aires. Xi urged the world to "say no to protectionism and unilateralism", warning it was a "short-sighted approach" that was "doomed to failure". "That's why the strong partnership that we develop between our two countries is helping us develop and grow our economy". "Tit-for-tat protectionism and threa... [Full Article...]

FDA seeking to restrict access to flavored e-cigarettes, ban menthol

FDA seeking to restrict access to flavored e-cigarettes, ban menthol To date, 3.6 million students are now vaping . The US Food and Drug Administration wants people to cool it with the menthol cigarettes. "From 2017 to 2018, there was a 78 percent increase in current e-cigarette use among high school students and a 48 percent increase among middle school students", he said. [Full Article...]

Senate leaders preserve posts; McCarthy will get high Home GOP place

Senate leaders preserve posts; McCarthy will get high Home GOP place Rep. Cheney was elected to a role formerly held by her father, vice president Dick Cheney, who served as House Republican Conference Chair from 1987 to 1989. While the faces of Democratic Senate leadership remained largely the same, Republicans saw a shake-up due to term limits and retirements. For Republicans, South Dakota Sen. [Full Article...]

Two Brexit ministers quit over Theresa May's proposed deal

Two Brexit ministers quit over Theresa May's proposed deal But, during a press conference in Downing Street , Mrs May said abandoning the withdrawal deal would be "to take a path of deep and grave uncertainty when the British people just want us to get on with it", she warned. In a letter to May she wrote that "It will be no good trying to pretend to [voters] that this deal honors the result of the referendum when it is obvious to everyone it doesn't... [Full Article...]

FDA Wants to Ban Menthol Cigarettes

FDA Wants to Ban Menthol Cigarettes Gottlieb is also expected to propose a ban on menthol in regular cigarettes. Tobacco stocks are getting slammed on Monday following a report the Food and Drug Administration is going after menthol cigarettes, which the investment firm Jefferies says represents 34% of the total United States cigarette market. [Full Article...]

SAP Acquires SurveyMonkey Rival Qualtrics For $8 Bn

SAP Acquires SurveyMonkey Rival Qualtrics For $8 Bn Qualtrics offers comprehensive market research and data analysis cloud software that complements SAPs offerings . Not only is it a fast-growing company, but it was also profitable, all of which helps SAP justify its premium price. McDermott said he and Smith met a few months back and quickly struck up a friendship: he said he arrived for lunch one day at Smith's home in a suit and dress shoes, a... [Full Article...]

Oil sinks 7% into bear market on oversupply fears

Oil sinks 7% into bear market on oversupply fears As of 20:39 GMT, the Brent blend futures based on the light North Sea crude oil depreciated by 7.43 percent to $64.91 per barrel. Price is now moving through and beyond the 100 EMA and 55.00 looks a good long term place for a pause given the support that is there. [Full Article...]

Toyota Corolla Sedan Teased Again Ahead Of Debut This Month

Toyota Corolla Sedan Teased Again Ahead Of Debut This Month The five-door auto is expected to share most of the same design language as the hatchback variant but will have the elongated rear-end. As expected, the exterior of the vehicle is nearly identical to the same sedan and wagon: the machines are the same form of head optics and grille, but the blocks are different fog lights. [Full Article...]

Denied more wine, drunk Irish woman abuses Air India crew

Denied more wine, drunk Irish woman abuses Air India crew In a statement, the Metropolitan Police said: "At approximately 1.30pm on Saturday, 10 November, a 50-year-old woman was arrested after an Air India flight had landed at Heathrow Airport". "But you won't give me a f***ing glass of wine, is that correct?" she rants. "If I say boycott Air India, done!" "I am a f**king global lawyer". In between threatening attendants to have them sued or shot,... [Full Article...]

The $1.5 billion Mega Millions jackpot victor has not claimed the prize

The $1.5 billion Mega Millions jackpot victor has not claimed the prize One winning ticket for the jackpot was sold in Simpsonville, South Carolina, in the northwest part of the state. That's because the victor has 180 days from the draw date to claim the prize, she said. Officials say the winning ticket was sold in SC. "We have not heard that the victor in SC has come forward", Elkin said. They have also urged the victor to get in touch with Lottery. [Full Article...]

California Woman Strangles McDonald's Worker Over Ketchup Packets

California Woman Strangles McDonald's Worker Over Ketchup Packets The video shows a second employee trying to pull the suspect off the manager before she stops to give what appears to be a receipt to a customer at the drive-thru window. Police are also hoping to find a man who entered the McDonald's and left with the female suspect. They said he's not in trouble, KTLA reported . The assault eventually ends when a man runs into the kitchen, and a woman leave... [Full Article...]

This is where Amazon will build its two new headquarters

This is where Amazon will build its two new headquarters Amazon's HQ2 gained attention as one of the biggest corporate projects in the USA, with the e-retailer planning to hire 50,000 workers and spend $5 billion. Amazon says one of the key factors in its search for the new headquarters was the ability to attract talent. "The cost of living jump is going to be a huge detriment for those not working for Amazon". [Full Article...]

Hopes for Brexit deal lift euro and sterling

Hopes for Brexit deal lift euro and sterling In contrast to the latest news on Brexit, Italy's budget proposals remain a drag on the euro . "King dollar has staged a return", said Valentin Marinov, head of G10 FX strategy at Credit Agricole. "Amid talk that this week could be the Cabinet's last chance to secure an agreement to present at a November EU summit, Ms May's proposals are tasked with healing an increasingly divided Conservativ... [Full Article...]

Technology stocks lead USA financial markets lower

Technology stocks lead USA financial markets lower Banks and consumer-focused companies and media and communications stocks also took heavy losses Monday. The S&P 500 was down 38.05 points, or 1.37 percent, to 2,742.96. Several big retailers are due to deliver results this week, including Walmart, Home Depot, Williams-Sonoma, Nordstrom and J.C. Penney. Saudi Arabia's Energy Minister Khalid al-Falih had said earlier that day that OPEC agreed ther... [Full Article...]

Boeing CEO: 737 Max jets are safe

Boeing CEO: 737 Max jets are safe Pilots say they were not trained in new features of an anti-stall system in the aircraft that differ from previous models of the popular 737. A stall is a unsafe situation where the lift from an aircraft's wings no longer is enough to counter the weight of the plane, causing it to lose control and fall. [Full Article...]


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