Finance

Dollar gains on trade war jitters before Fed

Dollar gains on trade war jitters before Fed Officials have since then signaled they would take a more cautious stance toward monetary policy, citing recent stock-market turbulence, ongoing trade tensions, and dimmer expectations for global growth. It was an aggressive downshift that likely will come as a shock to many economists who did not look for such a drastic change in outlook from the central bankers, who as recently as September ex... [Full Article...]

GM responds to Trump's tweets

GM responds to Trump's tweets Trump posted a series of tweets over the weekend urging GM to either restart production in OH or sell the plant to someone else who can get it up and running. The union has sued the automaker over the closures. Lordstown's future was known to be in jeopardy throughout the second half of 2018 due to plummeting demand for sedans, particularly American sedans, along with a leap in the cost of raw m... [Full Article...]

European Union regulators fine Google 1.49 billion euros for blocking advertising rivals

European Union regulators fine Google 1.49 billion euros for blocking advertising rivals The penalty comes after the powerful antitrust regulator handed down a record €4.34 billion fine to the Alphabet-owned company in 2018 for using its Android mobile operating system to block rivals. "Google was by far the strongest player in online search advertising intermediation in the European Economic Area (EEA), with a market share above 70pc from 2006 to 2016", said the Commission ruli... [Full Article...]

Ride-hailing firm Lyft launches IPO road show in Uber's shadow

Ride-hailing firm Lyft launches IPO road show in Uber's shadow Both Uber and Lyft are losing money, so like several unicorns before them, they will seek to tap investor anxiety about missing out on a red-hot technology IPO . Uber has filed confidentially with the SEC and intends to make its listing plans public in April, according to people familiar with the matter. Lyft will trade on Nasdaq under the symbol "LYFT". [Full Article...]

Monsanto found responsible for cancer case by USA court

Monsanto found responsible for cancer case by USA court It was the second jury verdict to find that Roundup caused non-Hodgkin's lymphoma. Edwin Hardeman, 70, was the second plaintiff to go to trial out of thousands around the country who claim the weed killer causes cancer. The company denies the connection. Bayer, the owner of Monsanto, which makes Roundup, said in a statement that it was disappointed with the jury's initial decision. [Full Article...]

Civil aviation minister Suresh Prabhu calls emergency meeting on Jet Airways crisis

Civil aviation minister Suresh Prabhu calls emergency meeting on Jet Airways crisis It has delayed payments to banks, suppliers, pilots and lessors - some of whom have started cancelling their lease deals with the airlines. The Abu Dhabi-based airline's stake in Jet Privilege has an estimated value of $600 million, the person said, adding that the carrier had also asked SBI to take over the guarantee provided by Etihad for a ₹1,000 crore external commercial borrowing facility r... [Full Article...]

SEC Slams Musk For Failing to Adhere To Tweet Approval Rule

SEC Slams Musk For Failing to Adhere To Tweet Approval Rule Hours later, Musk followed up with another tweet clarifying that Tesla was aiming to achieve an annualized production rate of 500,000 cars (10,000 per week) but was projecting 400,000 cars produced during the 2019 calendar year. The SEC said in Monday's filing that the pre-approval policy agreed in the settlement was created to include a wide variety of his comments, not just those that were dee... [Full Article...]

Fisker Reveals Unnamed $40000 Electric Crossover to Rival Tesla Model Y

Fisker Reveals Unnamed $40000 Electric Crossover to Rival Tesla Model Y Accessibility is key to Fisker's new SUV. Electric auto company Fisker has revealed its newest model, an EV SUV the automaker promises will start under $40,000. It also claims the interior will offer class-leading space and feature a large head-up display and an intelligent user interface. The company will begin accepting early deposits closer to the start of production. [Full Article...]

Anil Ambani thanks big brother Mukesh after paying Ericsson to avoid jail

Anil Ambani thanks big brother Mukesh after paying Ericsson to avoid jail Nearly a decade-and-a-half after a bitter separation, Mukesh Ambani on Monday stepped in to save younger brother Anil from prison by helping him clear the Rs 453 crore Reliance Communications owed Ericsson . This, it said, also follows the Board of Directors of RCom passing a resolution to seek fast track resolution through bankruptcy court and the National Company Law Appellate Tribunal ... [Full Article...]

Donald Trump fumes, 'disappointed' about shuttered GM Ohio plant

Donald Trump fumes, 'disappointed' about shuttered GM Ohio plant Rep. Bill Johson, whose district runs from the Salem area and south along the Ohio River, re-tweeted an earlier Tweet from the President saying GM must get the plant open "fast!" Trump also tweeted on Saturday to urge GM to reopen the plant, saying: "Toyota is investing 13.5 $Billion in USA, others likewise. [Full Article...]

Oil prices rise to multi-month highs

Oil prices rise to multi-month highs U.S. West Texas Intermediate crude futures ended Thursday's trading session at $58.56/Bbl, up 30 cents, or 0.51%, Kallanish Energy reports . Meanwhile, West Texas Intermediate gained 0.39 per cent to Dollars 58.79, while Brent crude, the global benchmark was at 0.30 per cent to USD 67.43 per barrel. [Full Article...]

Hammond offers more spending, lower taxes if a Brexit deal is done

Hammond offers more spending, lower taxes if a Brexit deal is done The thinktank also warned that it could not determine whether austerity was ending and public services moving "decisively upwards after almost a decade of unprecedented cuts" until the conclusion of the chancellor's spending review, which will be unveiled alongside the autumn budget later this year. [Full Article...]

Airline apologizes to woman told to ‘cover up or leave plane’

Airline apologizes to woman told to ‘cover up or leave plane’ Emily O'Connor, a 21 year old student, was wearing a crop top and high-waited pants when she boarded the plane. In an interview with The Sun , a tabloid based in the United Kingdom, O'Connor called the incident "the most sexist, misogynistic, embarrassing experience of my life". [Full Article...]

Elon Musk Argues Regulators Overstepped in Tweet Contempt Quest

Elon Musk Argues Regulators Overstepped in Tweet Contempt Quest March 14, 2019 will be the official unveiling event at the Tesla Design Studio, Hawthorne, California. However, this could help Tesla get more units of the Model Y out on the road, something which has been a major worry for the company with the Model 3 . [Full Article...]

Jury Awards $29.4 Million in Talcum-Cancer Trial

Jury Awards $29.4 Million in Talcum-Cancer Trial Plaintiff Teresa Leavitt is a mother of two who said J&J's talc products were used on her as a child, and she used it herself into adulthood, Bloomberg reports . A court in the U.S. state of California ordered Johnson & Johnson to compensate a woman to the tune of $29 million for cancer complications she developed from using the company's talcum powder, according to media reports. [Full Article...]

The power of pi: prefects serve pie to celebrate Pi Day

The power of pi: prefects serve pie to celebrate Pi Day Pi is the ratio of the circumference of a circle to its diameter. March 14, better known as Pi day , is a day that math nerds and pie enthusiasts alike rejoice in. 7-Eleven: 7Rewards app mebmers get 50 cent pizza slices. For this special day, enjoy Pi to your brain's (or tummy's) desire. Cici's Pizza: Buy one adult buffet and a drink and receive a second adult buffet for free. [Full Article...]

Ocasio-Cortez Accuses Wells Fargo Of Being ‘Involved’ In Caging Children

Ocasio-Cortez Accuses Wells Fargo Of Being ‘Involved’ In Caging Children Sloan firmly rebuffed claims by Waters that Wells Fargo should be broken up. During a hearing on Wells Fargo's business practices in the House Oversight Committee, Ocasio-Cortez demanded to know why "the bank [was] involved in the caging of children". [Full Article...]

Oil Is near the Biggest Move in 2019 amid Rising Risks

Oil Is near the Biggest Move in 2019 amid Rising Risks Brent for May settlement added 27 cents to $66.85/bbl on the London-based ICE Futures Europe exchange. Crude oil prices are expected to be underpinned throughout Tuesday's session as concerns over supply and renewed demand for risky assets are likely to remain supportive. [Full Article...]

Facebook product chief Chris Cox & WhatsApp head Chris Daniels to exit

Facebook product chief Chris Cox & WhatsApp head Chris Daniels to exit Cox has a 13-year history with Facebook , starting as one of the company's first 15 engineers, who then worked his way up the ranks. After CEO Mark Zuckerberg and COO Sheryl Sandberg, Cox is the third highest-ranking executive at Facebook, representing the engineering and product sides of the company. [Full Article...]

Tesla Model Y debuts in California with $39,000 base price

Tesla Model Y debuts in California with $39,000 base price China's customs authority has lifted its suspension on imports of Tesla's Model 3 , an official in the authority's news department told Reuters on Thursday. The Model Y targets young family buyers with the SUV being bigger than the Model 3. Some versions will have up to 300 miles of range - which will equate to roughly 480km here in Australia. [Full Article...]


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