Finance

Crude Oil Price Eyes China Slowdown, IMF Growth Outlook Update

Crude Oil Price Eyes China Slowdown, IMF Growth Outlook Update The outlook for the supply-side is also uncertain as it largely hinges on OPEC and allies' decisions about production levels, especially after the first half of 2019. British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin, triggering political upheaval that could lead to a disorderly exit from the European Un-ion or even to a reversal of the 2016 decisio... [Full Article...]

Elon Musk Is Cutting Thousands From Tesla’s Workforce

Elon Musk Is Cutting Thousands From Tesla’s Workforce The firm employs more than 45,000 people now meaning it will lay off over 3,000. In a public letter to employees, Musk also said the company will only keep the most critical temps and contractors. Shares in Tesla closed down 13 per cent at $302.26. Mr Musk said 2018 was Tesla's "most successful" yet, in which it delivered nearly as many cars as it had in all the previous years of its exi... [Full Article...]

Cadillac reveals Tesla-fighting electrical SUV

Cadillac reveals Tesla-fighting electrical SUV The electric auto is a sleek, sexy crossover SUV with a design clearly cribbed from the equally stunning Escala concept vehicle shown in 2016, and while it doesn't have a name yet the development is being fast-tracked around a new modular EV platform General Motors only announced on Friday. [Full Article...]

UK PM must 'ditch red lines', rule out no-deal Brexit: Corbyn

UK PM must 'ditch red lines', rule out no-deal Brexit: Corbyn News of the mobilization plan comes after the PM attempted to reach out to leaders of opposition parties in a bid to find a new way forward, following the crushing defeat of her Brexit proposal in Parliament on Tuesday, where her government lost by 230 votes. [Full Article...]

GOP dismisses suggestion that State of Union be postponed

GOP dismisses suggestion that State of Union be postponed But Pelosi is refusing money for the wall she views as ineffective and immoral, and Democrats say they will discuss border security once the government has reopened. Susan Collins, R-Maine, said she has signed, others said GOP support was lacking. Pelosi's office said Congress is already familiar with the percentage of Secret Service and Homeland Security employees who have been furloughed and w... [Full Article...]

Why did Trump foot bill for fast food feast?

Why did Trump foot bill for fast food feast? Terrell, as well as defensive coordinator Brent Venables, who helped shut down Alabama's powerful attack. What can GOP and Democratic Problem Solvers members expect when they, if both sides show up, get to the White House? The White House didn't provide the cost. [Full Article...]

Alexandria Ocasio-Cortez joins House Financial Services Committee

Alexandria Ocasio-Cortez joins House Financial Services Committee It is exceedingly rare for first-year members of Congress to be placed on House committees as powerful as the Financial Services Committee. Representatives for Democratic U.S. Tulsi Gabbard, a lawmaker from Hawaii who says she plans to run for president in 2020, is also poised to join, the people said . Ms Ocasio-Cortez has generated more interactions - retweets plus likes - on the social med... [Full Article...]

Fed's Powell again stresses patience as United States economy's 'narrative' unfolds

Fed's Powell again stresses patience as United States economy's 'narrative' unfolds In his remarks before the Economic Club of Washington , Powell described the economy as strong at the end of a year ago, with the lowest unemployment levels in a half-century and solid gains in wages. On Thursday, Powell said he hasn't seen anything to indicate that the risk of a recession is elevated. December figures for the Fed's preferred gauge of inflation - a separate measure related to c... [Full Article...]

Female sex toy firm slams CES for gender bias after losing award

Female sex toy firm slams CES for gender bias after losing award Taiwanese technology heavyweights including Lite-On Technology, motherboard vendor Gigabyte and semiconductor company ELAN Microelectronics Corp. are demonstrating new products at the annual Consumer Electronics Show (CES), a week-long showcase of gadgets in Las Vegas that opened Tuesday. [Full Article...]

Singapore and Vietnam shortlisted for second Trump-Kim summit: South Korean officials

Singapore and Vietnam shortlisted for second Trump-Kim summit: South Korean officials The first two summits were not reported until after Kim left China , and the third was disclosed on the second day of his visit. Japanese Prime Minister Shinzo Abe said his government is "using various channels" to communicate with North Korea, including over a potential summit with Kim Jong Un . [Full Article...]

Oil rises one per cent on US, China trade talk optimism

Oil rises one per cent on US, China trade talk optimism The second day of trade negotiations coincided with an unannounced visit by North Korean leader Kim Jong Un for talks with Xi in Beijing , amid speculation of a second meeting between Kim and Trump. The United States will decide on the next steps after officials report back to Washington, USTR said. The US released a statement on the meetings, alluding to at least one potential concrete commitm... [Full Article...]

Hyundai unveils walking concept vehicle Elevate at CES 2019

Hyundai unveils walking concept vehicle Elevate at CES 2019 The Elevate concept is based on a modular electric vehicle platform, which Hyundai says includes the capability to switch out different bodies for specific situations. And it's not just disaster zones, the vehicle makers hope to also help people living with disabilities that don't have access to ramps, they could use the auto as a taxi that could walk up to their front door, level itself, and al... [Full Article...]

London Heathrow, Europe's busiest airport, halts flights following another ‘drone sighting’

London Heathrow, Europe's busiest airport, halts flights following another ‘drone sighting’ Heathrow said in a statement: "Based on standard operating procedures, working with Air Traffic Control and the Met Police, we have resumed departures out of Heathrow following a short suspension". BBC producer Kathy Long, speaking from a plane waiting to depart at Heathrow, said passengers had not been told officially what was behind the delay. [Full Article...]

Government shutdown could mean delayed tax returns

Government shutdown could mean delayed tax returns But fear not! While the Internal Revenue Service now lacks the funds to process refunds, it is fully prepared to process tax returns that include payments to the government. When the government does re-open, when will people get their money? The long version: As part of the government shutdown, the IRS planned to keep 12.5 percent of its workforce, or fewer than 10,000 federal employees, wor... [Full Article...]

The Next iPhone Will Have This Huge 3-Camera Bump

The Next iPhone Will Have This Huge 3-Camera Bump But seasoned Apple watchers will recognise last year as an "S" upgrade year where the company just bolsters its design from the previous year. Though different, some might find the arrangement of the three cameras and the LED flash little odd. [Full Article...]

Los Angeles sues Weather Channel, alleging it sold app users' data

Los Angeles sues Weather Channel, alleging it sold app users' data The lawsuit was filed by Los Angeles City Attorney Mike Feuer, who is representing the people of the state of California. About 80 percent of Weather Channel app users grant access to their geolocation data, and their movements are tracked "in minute detail", the complaint said . [Full Article...]

Dow Jones drops 660 points after Apple forecast adjustment

Dow Jones drops 660 points after Apple forecast adjustment China's Commerce Ministry said trade talks will be held Monday and Tuesday in Beijing and market watchers are once again looking for signs the world's largest economic powers will make progress toward resolving their dispute. Technology and energy stocks are leading the broad gains. JPMorgan Chase rallied 2.4 per cent to $99.45 and Citigroup rose 4 per cent to $54.67. Most of the companies in ... [Full Article...]

Apple finally says repairs hurts its bottom line

Apple finally says repairs hurts its bottom line At the news conference , Trump also voiced his displeasure with Apple for making products in China, although he falsely asserted Apple CEO Tim Cook would soon change that. While this achievement was widely celebrated, it wasn't long before the bad news started piling in, leading to a substantial decline in Apple stock. [Full Article...]

Activision Blizzard's chief financial officer is being given the boot

Activision Blizzard's chief financial officer is being given the boot Usually, Call of Duty and World of Warcraft continue to carry the torch for Activision Blizzard's profit margin, however CNBC reported a fall from 352 million monthly active users down to 345 million in the company's third quarter. CNBC reports the share price for Activision Blizzard dropped by 1 percent after the news became public of the company's plans. In May 2017 when Neumann was appoi... [Full Article...]

Officers saddened after truck hauling doughnuts goes up in flames

Officers saddened after truck hauling doughnuts goes up in flames The photos show the officer pretending to cry, devastated at the loss of their beloved Krispy Kreme treats. Police departments from across the country, including MA, reached out to express their condolences. "We donut what else to say". "We hope you like sprinkles". The truck's fire was extinguished quickly and the cause remains undetermined but officers are investigating. [Full Article...]


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