Finance

US President Trump takes aim at Federal Reserve for rates hike

US President Trump takes aim at Federal Reserve for rates hike Last month he allowed as how he wasn't "thrilled" about the interest rate hikes the Fed was undertaking under the stewardship of his appointee Jerome Powell, but said "I'm letting them do what they feel is best". "I doubt these comments move the needle for Powell and his colleagues, but it certainly sends a strong signal to those candidates interested in vying for one of the Fed Board's ma... [Full Article...]

Post Malone Is On a Flight That Needs to Make Emergency Landing

Post Malone Is On a Flight That Needs to Make Emergency Landing Emergency responders at Teterboro waited for the plane to land around 12:20 p.m. but it was rerouted to Westfield-Barnes Regional Airport in Westfield, Mass., about 150 miles away. Before the diversion, the pilot was trying to burn off fuel by circling above the New Jersey airport. The plane has about 3,700 gallons of fuel left to burn, according to air traffic control audio obtained by TMZ. [Full Article...]

2 'baaaaad' goats loose on Brooklyn subway tracks have been safely removed

2 'baaaaad' goats loose on Brooklyn subway tracks have been safely removed He and his wife, Tracey, are supporters of the Farm Sanctuary and even opened their own location on their farm in New Jersey. The goats were spotted roaming between the Fort Hamilton Parkway and 8th Avenue stops on the N line in Brooklyn just before 11 a.m. [Full Article...]

PepsiCo buys SodaStream for $3.2 billion

PepsiCo buys SodaStream for $3.2 billion SodaStream Chief Executive Daniel Birnbaum said the deal would open new markets to his company through PepsiCo's global distribution and marketing network, adding that the company would keep its operations in Israel. In 2014, PepsiCo tested sales of homemade brands through the Israeli company's system. Coca-Cola, for its part, said last week that it was buying a stake in BodyArmor, a maker of sp... [Full Article...]

The environmental cost of contact lenses

A new report reveals that a shocking amount of contact lens users - almost 20 percent - dispose of those little plastic circles in a terribly irresponsible way, by flushing them down the toilet or the drain of the sink. Contact lenses are often made from a mixture of acrylic glass, silicones and fluoropolymers that allows manufacturers to create a softer plastic material which permits oxygen to pa... [Full Article...]

Airport Forced to Use Whiteboard to Prevent Total Travel Mayhem

Airport Forced to Use Whiteboard to Prevent Total Travel Mayhem Staff were forced to take information by two-way radio before writing updates on whiteboards dotted around the airport's two terminals.... The malfunctioning caused a " handful " of people to lose their flights, Metro quotes the airport saying. [Full Article...]

Netflix full-screen video promos appear between episodes for some users

Netflix full-screen video promos appear between episodes for some users Streaming services often test new features, like Spotify's recent foray into unlimited ad-skipping, with their " active media " test. This week Netflix subscribers in the United Kingdom have started to see unskippable ads between episodes. [Full Article...]

Mexico hopeful to conclude NAFTA talks with United States next week

Mexico hopeful to conclude NAFTA talks with United States next week Mexico economy minister Ildefonso Guajardo said on Friday he hopes to conclude outstanding bilateral issues with the United States on the North American Free Trade Agreement ( NAFTA ) by the middle of next week. "I'm hopeful that in the next several days we'll have a breakthrough", Lighthizer said in response to a question from U.S. President Donald Trump on how talks were progressing during... [Full Article...]

NVIDIA: Our crypto business is dead and it's never coming back (NVDA)

NVIDIA: Our crypto business is dead and it's never coming back (NVDA) Nvidia's market cap exceeds $158 billion, and its shares closed Tuesday up $5.31 at $261.43. Out of 23 analysts polled in the last 3 months, 17 are bullish on Nvidia stock, while 6 remain sidelined. The company provided EPS guidance of $1.85-2.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.99. Nvidia , in its revenue outlook, had anticipated the cryptoc... [Full Article...]

One year later NAFTA lives on, resisting Trump’s trade wrath

One year later NAFTA lives on, resisting Trump’s trade wrath The Trump administration doesn't have the legal authority to sideswipe Canada and sign a bilateral trade deal with Mexico , Quebec's chief NAFTA negotiator said August 13. If the Trump administration got its way the effect would be to pressure auto makers to shift a lot more production to the USA from Canada and Mexico, an outcome neither of those two countries is willing to accept. [Full Article...]

Corrected: Tesla sues Ontario over cancelled electric vehicle rebate

Corrected: Tesla sues Ontario over cancelled electric vehicle rebate Tesla is suing Doug Ford's PC government. The suit claims that Tesla Canada was removed from a program where buyers of some electric vehicles could still get the rebates during a transition period to end the bonuses. Toronto teacher Kurtis Evans, 38, said he was planning to sell his current vehicle - and was counting on receiving the maximum $14,000 rebate - to be able to afford the $71,000 pric... [Full Article...]

Tesla's Shares Slump Following CEO Elon Musk's NYT Interview

Tesla's Shares Slump Following CEO Elon Musk's NYT Interview In an hour-long interview , he said the past 12 months have been "excruciating" and "the most hard and painful" of his career. Musk has said repeatedly since April that Tesla has no need to raise new capital. He told the Times he hadn't taken off more than a week from work since 2001, when he was bedridden with malaria. In the interview the executive describes not leaving the Tesla fact... [Full Article...]

House of Fraser cancels all online orders

House of Fraser cancels all online orders House of Fraser will be refunding any orders made online that have yet to be delivered, and will be sending out emails to confirm this in the next few days. "We have taken the decision to cancel and refund all orders that have not already been sent to customers", the department store said on Facebook . [Full Article...]

Donald Trump says asking SEC to consider ending quarterly earnings reports

Donald Trump says asking SEC to consider ending quarterly earnings reports Trump has asked the Securities and Exchange Commission to study the impact of such a change. "Many market participants, as well as the Business Roundtable which we are a part of, have been discussing how to better orient corporations to have a more long-term view", Nooyi said in a statement emailed to Reuters. [Full Article...]

Former Tesla employee's tweets show allegedly flawed batteries

Former Tesla employee's tweets show allegedly flawed batteries Martin Tripp, the former Tesla employee who was sacked from Tesla, accused by Elon Musk of sabotage, sued by the company and turned whistleblower, has tweeted a number of photos that allegedly show damaged batteries and flawed practices at Tesla's battery factory. [Full Article...]

Turkish court rejects United States pastor Brunson's fresh appeal for release

Turkish court rejects United States pastor Brunson's fresh appeal for release His case now lies at the heart of a diplomatic crisis between Turkey and the United States that has prompted a crash of Turkey's lira currency. The currency has lost almost 40 percent against the dollar this year, driven by Erdogan's increasing influence on the economy and his call for lower interest rates despite the high inflation. [Full Article...]

United States threatens more Turkey sanctions if pastor not freed

United States threatens more Turkey sanctions if pastor not freed The lira has staged a small recovery but that is threatened by a fresh tweet from US President Donald Trump . Worldwide investors have been anxious by Turkey's high levels of foreign debt and Erdogan's refusal to allow the central bank to raise interest rates to support the currency, as experts say it should. [Full Article...]

Google staff condemn plan for censored Chinese search engine

Google staff condemn plan for censored Chinese search engine Employee anger flared with a report this month in The Intercept that Google is secretly building a search engine that will filter content banned in China and thus meet Beijing's tough censorship rules. Outrage stems both from the nature of Dragonfly - a product that some employees feel violates the AI Principles - and that many employees only learned about the search product's existence fr... [Full Article...]

United States threatens Turkey with more sanctions if it doesn’t free pastor

Local Turkish social media has been awash this week with footage of people smashing their iPhones in protest of US President Donald Trump and his recent sanctions on Turkey. This has worsened a crisis for Turkey's currency, the lira, which has lost about a third of its value against the dollar since January. The currency lost almost 40 percent against the dollar this year, driven by worrie... [Full Article...]

Italy's government attacks Benetton family over Genoa bridge collapse

Italy's government attacks Benetton family over Genoa bridge collapse Part of the Morandi bridge collapsed during a heavy storm in the northern port city on Tuesday, sending about 35 cars and several trucks plunging 45 metres onto railway tracks below. Conte also announced after a cabinet meeting Wednesday that a national day of mourning was being planned. He called the tragedy "unacceptable in a modern society" and vowed to work so similar events won't happen a... [Full Article...]


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