Money
NYC votes to cap Uber and Lyft vehicles
- August 09, 2018
The cap will halt new ride-hailing vehicle licenses for one year while the council investigates how to mitigate issues that came with the influx of companies like Uber and Lyft , mostly related to congestion and driver wages. "These sweeping cuts to transportation will bring New Yorkers back to an era of struggling to get a ride, particularly for communities of color and in the outer boroughs", said Joseph Okpaku, Lyft's vice president of public policy, in an emailed statement. (more...)
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- August 09, 2018
The cap will halt new ride-hailing vehicle licenses for one year while the council investigates how to mitigate issues that came with the influx of companies like Uber and Lyft , mostly related to congestion and driver wages. "These sweeping cuts to transportation will bring New Yorkers back to an era of struggling to get a ride, particularly for communities of color and in the outer boroughs", said Joseph Okpaku, Lyft's vice president of public policy, in an emailed statement. (more...)
Chinese exports accelerate as fresh United States tariffs loom
- August 09, 2018
China's surplus with the United States shrank marginally to $28.09 billion last month from a record $28.97 billion in June. China's Commerce Ministry called the US decision to place the latest round of tariffs on Chinese goods "unreasonable", and said it chose to take counter measures, matching the tariffs in percentage and value. (more...)
- August 09, 2018
China's surplus with the United States shrank marginally to $28.09 billion last month from a record $28.97 billion in June. China's Commerce Ministry called the US decision to place the latest round of tariffs on Chinese goods "unreasonable", and said it chose to take counter measures, matching the tariffs in percentage and value. (more...)
Oil Prices Slide As China Imposes 25 Tariff On U.S
- August 08, 2018
The trade war between the USA and China continues to escalate, with China slapping a 25% tariff on another $16 billion worth of US goods. Washington already imposed tariffs on $34 billion in Chinese products on July 6 . The world's two biggest economies are locked in a trade dispute. Chinese data on Wednesday showed exports to the USA rose 13.3% in July to $41.5 billion against a year ago. (more...)
- August 08, 2018
The trade war between the USA and China continues to escalate, with China slapping a 25% tariff on another $16 billion worth of US goods. Washington already imposed tariffs on $34 billion in Chinese products on July 6 . The world's two biggest economies are locked in a trade dispute. Chinese data on Wednesday showed exports to the USA rose 13.3% in July to $41.5 billion against a year ago. (more...)
Doubts grow over Elon Musk’s master plan to take Tesla private
- August 08, 2018
Tuesday, Twitter and most of the rest of the internet freaked out over news that Elon Musk wanted to take Tesla private at $420 per share. Other board members mentioned in the statement included Robyn Denholm, Ira Ehrenpreis, Antonio Gracias and Linda Johnson Rice. (more...)
- August 08, 2018
Tuesday, Twitter and most of the rest of the internet freaked out over news that Elon Musk wanted to take Tesla private at $420 per share. Other board members mentioned in the statement included Robyn Denholm, Ira Ehrenpreis, Antonio Gracias and Linda Johnson Rice. (more...)
India's love affair with United States crude intensifies amid Iran puzzle
- August 08, 2018
The West Texas Intermediate for September delivery rose 0.16 US dollar to settle at 69.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 0.90 dollar to 74.65 dollars a barrel on the London ICE Futures Exchange. (more...)
- August 08, 2018
The West Texas Intermediate for September delivery rose 0.16 US dollar to settle at 69.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 0.90 dollar to 74.65 dollars a barrel on the London ICE Futures Exchange. (more...)
Saudi billionaire takes stake in Snap
- August 08, 2018
Its revenue was $262 million (around Rs. 1,800 crores) in the second quarter, beating the average estimate of $250.43 million (roughly Rs. 1,700 crores), as average revenue per user surged to $1.40 (roughly Rs. Snapchat ad prices are down 90 percent in the past two years as it adopts automation, which typically drives down pricing. "It has been approximately six months since we broadly rolled out the redesign of our application, and we have been working hard to iterate and improve Snapchat ... (more...)
- August 08, 2018
Its revenue was $262 million (around Rs. 1,800 crores) in the second quarter, beating the average estimate of $250.43 million (roughly Rs. 1,700 crores), as average revenue per user surged to $1.40 (roughly Rs. Snapchat ad prices are down 90 percent in the past two years as it adopts automation, which typically drives down pricing. "It has been approximately six months since we broadly rolled out the redesign of our application, and we have been working hard to iterate and improve Snapchat ... (more...)
Trump says tariffs 'working far better' than anticipated
- August 08, 2018
The move was meant to bring China back to the negotiating table for talks over US demands for structural changes to the Chinese economy and a cut in the bilateral trade deficit. "We are using them to negotiate fair trade deals and, if countries are still unwilling to negotiate, they will pay us vast sums of money in the form of Tariffs", he wrote. (more...)
- August 08, 2018
The move was meant to bring China back to the negotiating table for talks over US demands for structural changes to the Chinese economy and a cut in the bilateral trade deficit. "We are using them to negotiate fair trade deals and, if countries are still unwilling to negotiate, they will pay us vast sums of money in the form of Tariffs", he wrote. (more...)
Tesla shares rise 11 percent after Musk's shocking tweet
- August 08, 2018
Tesla shareholders would need to vote in favor of going private before the decision is finalized, Musk concluded. Tesla boss Elon Musk has suggested via Twitter that he is "considering" taking the electric vehicle firm private. Musk has lashed out at critics and investors who have shorted the stock, going so far as to call one prominent critic's employer to silence him, and refusing to take a hard question from a financial analyst in the company's June shareholder meeting. (more...)
- August 08, 2018
Tesla shareholders would need to vote in favor of going private before the decision is finalized, Musk concluded. Tesla boss Elon Musk has suggested via Twitter that he is "considering" taking the electric vehicle firm private. Musk has lashed out at critics and investors who have shorted the stock, going so far as to call one prominent critic's employer to silence him, and refusing to take a hard question from a financial analyst in the company's June shareholder meeting. (more...)
Premier Doug Ford Announces Return of 'Buck-a-Beer' to Ontario
- August 08, 2018
To provide incentives for brewers to lower their prices, the government is creating what it calls the buck-a-beer challenge, which will provide participating breweries with incentives at the provincially-owned LCBO stores. "The premier is asking beer producers to lower their prices down to a dollar". "After spending weeks ripping up contracts and curriculums, dismantling climate plans and pilot projects, this is the first time the premier has actually given us something. (more...)
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- August 08, 2018
To provide incentives for brewers to lower their prices, the government is creating what it calls the buck-a-beer challenge, which will provide participating breweries with incentives at the provincially-owned LCBO stores. "The premier is asking beer producers to lower their prices down to a dollar". "After spending weeks ripping up contracts and curriculums, dismantling climate plans and pilot projects, this is the first time the premier has actually given us something. (more...)
Accredited Investors Inc. Purchased New Stocks in Tesla Inc (TSLA)
- August 07, 2018
About 14.43 million shares traded or 69.03% up from the average. Baillie Gifford & Co. raised its holdings in Tesla by 3.1% during the 2nd quarter. (NASDAQ: TSLA ). The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The shares were sold at an average price of $359.27, for a total value of $1,077,810.00. (more...)
- August 07, 2018
About 14.43 million shares traded or 69.03% up from the average. Baillie Gifford & Co. raised its holdings in Tesla by 3.1% during the 2nd quarter. (NASDAQ: TSLA ). The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The shares were sold at an average price of $359.27, for a total value of $1,077,810.00. (more...)
Elon Musk considers taking Tesla private in tweet, shares rise
- August 07, 2018
He implied the funding values the company at $420 a share. It was not clear if Musk was serious, as he has a history of erratic tweets, and the company did not immediately respond to request for comment. The tweets have added to speculation about Tesla , which is spending heavily as it ramps up production of its latest auto, the Model 3. A short squeeze is a trading scenario that occurs from time to time in heavily shorted stocks, when bearish traders are forced to buy shares to avoid big ... (more...)
- August 07, 2018
He implied the funding values the company at $420 a share. It was not clear if Musk was serious, as he has a history of erratic tweets, and the company did not immediately respond to request for comment. The tweets have added to speculation about Tesla , which is spending heavily as it ramps up production of its latest auto, the Model 3. A short squeeze is a trading scenario that occurs from time to time in heavily shorted stocks, when bearish traders are forced to buy shares to avoid big ... (more...)
Fetus found on plane from Charlotte to NY
- August 07, 2018
After the aircraft - an Airbus A321 - remained on the ground overnight, a cleaning crew came on board ahead of the plane's planned Tuesday departure. One of the attendants noticed a large amount of toilet paper in one of the plane's lavatory toilets. (more...)
- August 07, 2018
After the aircraft - an Airbus A321 - remained on the ground overnight, a cleaning crew came on board ahead of the plane's planned Tuesday departure. One of the attendants noticed a large amount of toilet paper in one of the plane's lavatory toilets. (more...)
Facebook Asks Banks to Share Customer Information
- August 07, 2018
At a time when Facebook's data management is under intense scrutiny, this news is unlikely to be greeted enthusiastically by customers of those banks called out in the story - JPMorgan Chase , Wells Fargo , Citigroup , and U.S. The primary concern among many banks and individual customers with regards to Facebook's latest attempts at expansion is data privacy . In an effort to better protect user data , the company earlier in March said it ended "Partner Categories", which let advertisers ... (more...)
- August 07, 2018
At a time when Facebook's data management is under intense scrutiny, this news is unlikely to be greeted enthusiastically by customers of those banks called out in the story - JPMorgan Chase , Wells Fargo , Citigroup , and U.S. The primary concern among many banks and individual customers with regards to Facebook's latest attempts at expansion is data privacy . In an effort to better protect user data , the company earlier in March said it ended "Partner Categories", which let advertisers ... (more...)
CEO Brian France Name-Drops Donald Trump During Reported Arrest — NASCAR Rumors
- August 06, 2018
Sunday night, Sag Harbor police said in a press release. Police suspected that the NASCAR CEO was intoxicated and found oxycodone pills on his person. In a statement to ESPN , the auto racing company said it is aware of the situation and is gathering more information. NASCAR was founded by France's grandfather, Bill France Sr., in 1948. (more...)
- August 06, 2018
Sunday night, Sag Harbor police said in a press release. Police suspected that the NASCAR CEO was intoxicated and found oxycodone pills on his person. In a statement to ESPN , the auto racing company said it is aware of the situation and is gathering more information. NASCAR was founded by France's grandfather, Bill France Sr., in 1948. (more...)
PepsiCo CEO Indra Nooyi steps down, Ramon Laguarta to take over
- August 06, 2018
Nooyi will step down October 3 after serving 24 years with the company and will remain chairman until early 2019, the company said . Under Nooyi's leadership, PepsiCo witnessed a net revenue growth from $35 billion in 2006 to $63.5 billion in 2017 and a compound annual growth rate of 5.5%. (more...)
- August 06, 2018
Nooyi will step down October 3 after serving 24 years with the company and will remain chairman until early 2019, the company said . Under Nooyi's leadership, PepsiCo witnessed a net revenue growth from $35 billion in 2006 to $63.5 billion in 2017 and a compound annual growth rate of 5.5%. (more...)
FCA files plea to stop sale of Mahindra Roxor in USA
- August 06, 2018
However, the Mahindra Roxor might wear retro Jeep styling but it's a "side-by-side" off-roader that is not road-legal, limited to a 72km/h top speed and aimed at farmers and recreational users, priced from about $US15,000 - much less than the Willy's spiritual successor, the Jeep Wrangler . (more...)
- August 06, 2018
However, the Mahindra Roxor might wear retro Jeep styling but it's a "side-by-side" off-roader that is not road-legal, limited to a 72km/h top speed and aimed at farmers and recreational users, priced from about $US15,000 - much less than the Willy's spiritual successor, the Jeep Wrangler . (more...)
GOP strategist: Trump will be anchor around Republicans' necks in 2020
- August 06, 2018
Among the current and former professional athletes jumping to James' support in support of James on Saturday was "Mike", also known as National Basketball Association legend Michael Jordan, who said in a statement: "I support LeBron James". (more...)
- August 06, 2018
Among the current and former professional athletes jumping to James' support in support of James on Saturday was "Mike", also known as National Basketball Association legend Michael Jordan, who said in a statement: "I support LeBron James". (more...)
Oil prices decline amid rising USA inventories
- August 05, 2018
The unexpected build in the United States crude stockpiles, as published by the Energy Information Administration (EIA) on Wednesday, keeps the sentiment around the barrel of WTI undermined. The combination of crumbling Venezuelan oil production and the aggressive US efforts to curtail Iranian exports is going to tighten the market. Our outlook on crude oil remains neutral. (more...)
- August 05, 2018
The unexpected build in the United States crude stockpiles, as published by the Energy Information Administration (EIA) on Wednesday, keeps the sentiment around the barrel of WTI undermined. The combination of crumbling Venezuelan oil production and the aggressive US efforts to curtail Iranian exports is going to tighten the market. Our outlook on crude oil remains neutral. (more...)
Ryanair Irish pilots to join widening strike on August 10
- August 05, 2018
Disagreements between the union and Ryanair over promotions and seniority have continued. Trade union Forsa, of which the Irish Air Line Pilots' Association (IALPA) is a branch, said directly employed Ryanair pilots in Ireland would stage their fifth one-day strike since July 12 beginning at 0100 on August 10 in an ongoing dispute about working conditions including base transfers. (more...)
- August 05, 2018
Disagreements between the union and Ryanair over promotions and seniority have continued. Trade union Forsa, of which the Irish Air Line Pilots' Association (IALPA) is a branch, said directly employed Ryanair pilots in Ireland would stage their fifth one-day strike since July 12 beginning at 0100 on August 10 in an ongoing dispute about working conditions including base transfers. (more...)
U.S. payrolls rise by 157000; unemployment ticks down to 3.9%
- August 05, 2018
The pace of job growth was below economists' predictions that about 195,000 jobs would be added last month, but the Labor Department revised employment growth even higher for May and June, meaning the three-month average for job gains is 224,000, a very healthy pace at this stage of the recovery. (more...)
- August 05, 2018
The pace of job growth was below economists' predictions that about 195,000 jobs would be added last month, but the Labor Department revised employment growth even higher for May and June, meaning the three-month average for job gains is 224,000, a very healthy pace at this stage of the recovery. (more...)
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US$200 billion in Chinese goods officially 'Tariffed!'