Finance

Job creation stalls in February as unemployment falls and wages rise

Job creation stalls in February as unemployment falls and wages rise Even with the pickup in wages, Federal Reserve policy makers have indicated this year they won't raise interest rates again until seeing inflation advance. USA stocks fell as the employment report added to concerns of softening global growth sparked by weak China export data and a prolonged slowdown in eurozone. [Full Article...]

Biggest sovereign wealth fund to decide on dumping oil

Biggest sovereign wealth fund to decide on dumping oil The government of Norway, the biggest oil and gas producer in western Europe, said it was specifically targeting exploration and production companies, "rather than selling a broadly diversified energy sector". Greenpeace campaigner Martin Norman said the government's decision "does not address Norway's exposure to oil and we are not showing the world the way forward". [Full Article...]

Dozens hurt as plane encounters heavy turbulence on flight to US

Dozens hurt as plane encounters heavy turbulence on flight to US Passengers told of injuries from cuts and bruises to a member of the flight crew who is thought to have broken a leg. Think your friends would be interested? The Boeing 777 type aircraft, which had taken off from Istanbul with 326 passengers and 18 crew members, landed safely at the airport at 5.35pm Saturday, after experienced the said turbulence. [Full Article...]

Gold rises on bleak economic outlook

Gold rises on bleak economic outlook Adding insult to injury, China's leading brokerage Citic Securities issued a rare "sell" rating on the Shanghai-listed shares of People's Insurance Group of China (PICC) sending them down nearly 10 percent. The February U.S.jobs report, to be released at 1330 GMT, could stack more pressure on the floundering euro. USA 10-year Treasury yields touched a fresh two week low 2.627 percent. [Full Article...]

Central bank holds rate, notes ‘increased uncertainty’ on timing of future hikes

Central bank holds rate, notes ‘increased uncertainty’ on timing of future hikes After growing at a pace of 1.8 per cent in 2018, it now appears that the economy will be weaker in the first half of 2019 than the Bank projected in January . Similarly, they assumed Canada's economy would stumble, but the fall in the fourth quarter was "sharper and more broadly based" than they predicted, the statement said. [Full Article...]

More blackouts hit Venezuela as opposition, government rally

More blackouts hit Venezuela as opposition, government rally Power supply was gradually being restored to large areas of Caracas on Friday afternoon, as well as parts of Miranda state and Vargas, which contains the country's global airport and main port. Emilse Arellano said urgent dialysis for her child had to be canceled Friday, after a night where staff worked in the light of cell phones. "Without light. [Full Article...]

Airbnb expands hotel-booking business with acquisition of HotelTonight

Airbnb expands hotel-booking business with acquisition of HotelTonight San Francisco-based HotelTonight has raised over $126 million from investors such as Accel, most recently closing a $37 million round in early 2017 at an estimated valuation of $463 million. The deal, which is reported to be valued around $465 million, would be Airbnb's largest acquisition to date, according to the New York Times . Gradually, some of those rooms - particularly ones in bou... [Full Article...]

Zuckerberg says Facebook will become a 'privacy-focused' platform

Zuckerberg says Facebook will become a 'privacy-focused' platform In this note, I'll outline our vision and principles around building a privacy-focused messaging and social networking platform. Presumably this is all after it's finished doing everything it can to fight privacy laws . Zuckerberg also mentioned that the company "won't keep messages or stories around for longer than necessary to deliver the service or longer than people need them". [Full Article...]

Canadian PM Trudeau's former top aide testifies in his defence

Canadian PM Trudeau's former top aide testifies in his defence When asked, he dismissed suggestions of any inappropriate pressure on her concerning the DPA and SNC-Lavalin issue. Mr. Butts's key point is that the PMO asked Ms. In a recent column in iPolitics, constitutional scholar Errol Mendes wrote that while SNC-Lavalin charges cannt be deferred for economic reasons, "the huge personal damage to innocents such as employees from an implosion of the comp... [Full Article...]

Warren says tech giants have 'too much power,' need breakup

Warren says tech giants have 'too much power,' need breakup Warren said that as president, she would press for legislation to designate big online companies with revenues of at least $25 billion as "platform utilities" barred from owning "any participants on that platform". The government's antitrust case against Microsoft helpedclear a path for Internet companies like Google and Facebook to emerge. This will institute real change in the tech industry,... [Full Article...]

Amazon to Launch New Physical Grocery Store Chain Business

Amazon to Launch New Physical Grocery Store Chain Business The company's first store is set to open in Los Angeles as early as the end of 2019, according to the article. While the WSJ's sources claim the new, unnamed chain is not meant to cut into WFM's market, Amazon's decision to sign leases on at least three locations comes less than a week after it dropped the Whole Foods 365 concept. [Full Article...]

China Agrees to Tesla Remedy for Model 3 Customs Block

China Agrees to Tesla Remedy for Model 3 Customs Block Elon Musk's tweet was undeniably confirmed by the announcement made back in the year 2015 about the general concept regarding their Model Y. Anderson isn't advocating for Musk's ouster. But around that same time, the electric-car maker also made major progress ramping up production of its Model 3 sedan. Shares of Tesla have been down three p.c on Tuesday, and have slid greater than 14 % since ... [Full Article...]

Carlos Ghosn has been granted bail by the Tokyo District Court

Carlos Ghosn has been granted bail by the Tokyo District Court Many had been baffled by why Ghosn was wearing a blue cap, surgical mask and a construction worker's outfit when he was released on bail Wednesday. Motorcycles trailed the van in formation as it passed through city streets to one of the defence lawyer's offices. [Full Article...]

China Sets Economic Policy for 2019

China Sets Economic Policy for 2019 This year, the government has set a budget deficit target of 2.8 per cent of GDP, up from last year's 2.6 per cent, reflecting lower tax revenue and higher government spending. BEIJING :China on Tuesday scaled down its growth target for 2019 in the face of uncertainties over the trade war with the US . The more modest growth target paired with further targeted stimulus measures typifies the gov... [Full Article...]

U.S. looking at new sanctions against Venezuela -U.S

U.S. looking at new sanctions against Venezuela -U.S Caracas "is sending a message to the global community that such frontal support would have consequences, but it also carries a risk", said Venezuelan analyst Mariano de Alba. "The moment has arrived and our call, our request, and our complete support for public employees, is to bring about this strike", Guaido told a news conference after meeting with state workers. [Full Article...]

Dollar Tree Will Close Nearly 400 Family Dollar Stores, Rebrand 200 Others

Dollar Tree Will Close Nearly 400 Family Dollar Stores, Rebrand 200 Others Dollar Tree purchased Family Dollar in January 2015 for $8.5 billion. Company officials are partly blaming the tough winter weather for its financial performance. Since that time, sales have struggled and Dollar Tree's stock price has dropped. "Excluding this markdown and the non-cash goodwill impairment charge related to Family Dollar, the combined companies performed well in the quarter". [Full Article...]

Charlotte Russe Closing All Stores, Including St. Cloud

Charlotte Russe Closing All Stores, Including St. Cloud Now all of Charlotte Russe's 500-plus stores nationwide will shutter, affecting 8,700 employees in 49 states and Puerto Rico. Charlotte Russe filed for bankruptcy in early February . Its St. Cloud location is inside Crossroad's Center. Similar to Toys "R" Us, Charlotte Russe hadn't originally meant to shutter its stores. Appealing to young women searching for trendy, affordable apparel,... [Full Article...]

'Forbes' Ranking of World Billionaires Lists 21 Israelis

'Forbes' Ranking of World Billionaires Lists 21 Israelis Chairman Andrew L. Tan with a net worth of $2.7 billion (838). The world's richest man remains Amazon's Jeff Bezos with US$131 billion, ahead of Microsoft's Bill Gates (US$96.5 billion) and investor Warren Buffett (US$84.5 billion). Ports tycoon Enrique Razon Jr., who also owns integrated entertainment and gaming complex Solaire Resorts & Casino, came in third with net worth of $4.8 billion. [Full Article...]

Volvo unveils Tesla Model 3 rival Polestar 2

Volvo unveils Tesla Model 3 rival Polestar 2 In terms of connectivity, the Polestar 2 promises an experience now hard to match, in good part thanks to a new Google-created multimedia system. When it comes to performance, Volvo says that the Polestar 2 will hit 60 miles per hour in less than 5 seconds. [Full Article...]

Donald Trump Calls Apple CEO "Tim Apple" Instead Of Tim Cook

Donald Trump Calls Apple CEO I used to say, "Tim, you've got to start doing it over here", and you really have. What we think the great man has noticed is that Tim Cook has become such a company man he is slowly transforming into an outward manifestation of Apple . [Full Article...]


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