Money
US regulators subpoenaed Tesla production data, company says
- November 03, 2018
In a tweet shared Thursday morning, CEO Elon Musk confirms that the feature will be available in about six weeks, and will enable owners to control their vehicles remotely from the app as long as they are in the car's line of sight. "To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred", Tesla wrote in its filing. Elon Musk , today revealed that the company's plans to expand its overall market beyond North America, Europe, and China. (more...)
- November 03, 2018
In a tweet shared Thursday morning, CEO Elon Musk confirms that the feature will be available in about six weeks, and will enable owners to control their vehicles remotely from the app as long as they are in the car's line of sight. "To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred", Tesla wrote in its filing. Elon Musk , today revealed that the company's plans to expand its overall market beyond North America, Europe, and China. (more...)
As companies vie for workers, wages in US climb 2.9%
- November 03, 2018
The smallest wage growth, 1.6 percent, was in natural resources, construction, and maintenance jobs. "The strength in the ADP report supports our view that the underlying trend in the labor market remains upbeat", said Daniel Silver, an economist at JPMorgan in NY. (more...)
- November 03, 2018
The smallest wage growth, 1.6 percent, was in natural resources, construction, and maintenance jobs. "The strength in the ADP report supports our view that the underlying trend in the labor market remains upbeat", said Daniel Silver, an economist at JPMorgan in NY. (more...)
Facebook expects rising costs to combat scandals to moderate after 2019
- November 03, 2018
For the third quarter, Facebook said its revenue rose 33 per cent to $US13.7 billion and profit increased 9 per cent to $US5.1 billion from a year earlier, roughly in line with what Wall Street had expected. "These aren't problems you fix, they are problems you manage", Zuckerberg said of the challenge. Still, he said the company is committed to investing in video. (more...)
- November 03, 2018
For the third quarter, Facebook said its revenue rose 33 per cent to $US13.7 billion and profit increased 9 per cent to $US5.1 billion from a year earlier, roughly in line with what Wall Street had expected. "These aren't problems you fix, they are problems you manage", Zuckerberg said of the challenge. Still, he said the company is committed to investing in video. (more...)
Is there a Trump-China deal in the offing? We'll see
- November 03, 2018
The event will be closely watched for any progress in the resolution of the bitter trade dispute between the world's two largest economies. The U.S. Tai Hui at JPMorgan Asset Management said a stabilising trade relationship between United States and China and more stimulus from Beijing would be the key ingredients to revive market confidence in Asia. (more...)
- November 03, 2018
The event will be closely watched for any progress in the resolution of the bitter trade dispute between the world's two largest economies. The U.S. Tai Hui at JPMorgan Asset Management said a stabilising trade relationship between United States and China and more stimulus from Beijing would be the key ingredients to revive market confidence in Asia. (more...)
Spotify subscribers can get a free Google Home Mini from today
- November 03, 2018
Previously, Spotify had no official application for the Apple Watch , leaving its more than 190 million users with little choice but to pull their phone out if they wanted to skip a track. You just need to be the master account holder and then point your browser to this page on Spotify's website tomorrow, and the free smart speaker will be yours. (more...)
- November 03, 2018
Previously, Spotify had no official application for the Apple Watch , leaving its more than 190 million users with little choice but to pull their phone out if they wanted to skip a track. You just need to be the master account holder and then point your browser to this page on Spotify's website tomorrow, and the free smart speaker will be yours. (more...)
GM offers buyouts to 18K salaried workers in North America
- November 03, 2018
Employees will have until November 19 to make a decision. GM reported good third-quarter results, proving that the automaker is "still in a good place in terms of our performance and the future", Morrissey said. GM's global retail sales to individuals, on the other hand, dropped 15 per cent during the quarter, to 1.98 million vehicles. GM and rivals Ford Motor Co and Fiat Chrysler Automobiles NV have all in recent weeks forecast substantial hits from steel and aluminum costs driven by ... (more...)
- November 03, 2018
Employees will have until November 19 to make a decision. GM reported good third-quarter results, proving that the automaker is "still in a good place in terms of our performance and the future", Morrissey said. GM's global retail sales to individuals, on the other hand, dropped 15 per cent during the quarter, to 1.98 million vehicles. GM and rivals Ford Motor Co and Fiat Chrysler Automobiles NV have all in recent weeks forecast substantial hits from steel and aluminum costs driven by ... (more...)
IHS Markit US Manufacturing PMI™
- November 03, 2018
Higher cost burdens led firms to raise selling prices last month, although the rate of increase was the mildest in 14 months, it said . The aerospace research and manufacturing sector remained the worst-performing sector in the third quarter, according to an employment index report jointly released by the China Institute for Employment Research and a leading Chinese career platform Zhaopin. (more...)
- November 03, 2018
Higher cost burdens led firms to raise selling prices last month, although the rate of increase was the mildest in 14 months, it said . The aerospace research and manufacturing sector remained the worst-performing sector in the third quarter, according to an employment index report jointly released by the China Institute for Employment Research and a leading Chinese career platform Zhaopin. (more...)
Brazil’s Bolsonaro Confirms Plans to Move Embassy to Jerusalem
- November 03, 2018
Brazil's election of the hard-right Jair Bolsonaro has given Donald Trump a kindred spirit, with the Americas' two most populous nations to be ruled by brash presidents in tune on issues from climate change to Israel. "We reject the Brazilian president-elect's decision to relocate the embassy from Tel Aviv to al-Quds", Hamas spokesman, Sami Abu Zuhri, wrote on his official Twitter page on Friday. (more...)
- November 03, 2018
Brazil's election of the hard-right Jair Bolsonaro has given Donald Trump a kindred spirit, with the Americas' two most populous nations to be ruled by brash presidents in tune on issues from climate change to Israel. "We reject the Brazilian president-elect's decision to relocate the embassy from Tel Aviv to al-Quds", Hamas spokesman, Sami Abu Zuhri, wrote on his official Twitter page on Friday. (more...)
Toyota, Subaru recall 400K vehicles to fix defective valve springs
- November 03, 2018
Here's What We Know Subaru says 140,249 vehicles will be recalled in the USA, and Toyota says this problem affects about 25,000 cars here. Toyota's recall includes the 86 and the FR-S sports vehicle. The company said it would contact affected USA owners by mail starting in December. The repairs won't be cheap as Subaru believes the engine work will take more than 12 hours to complete. (more...)
- November 03, 2018
Here's What We Know Subaru says 140,249 vehicles will be recalled in the USA, and Toyota says this problem affects about 25,000 cars here. Toyota's recall includes the 86 and the FR-S sports vehicle. The company said it would contact affected USA owners by mail starting in December. The repairs won't be cheap as Subaru believes the engine work will take more than 12 hours to complete. (more...)
Elon Musk Doesn't Think Apple Is Making Happy Products Anymore
- November 03, 2018
Investors have been trying to ascertain if the worst is over for the Silicon Valley company amid the fallout from Musk's short-lived plan in August to take the company private, and determine if Tesla has finally stabilized its rocky Model 3 production and can build the vehicle at a profit. (more...)
- November 03, 2018
Investors have been trying to ascertain if the worst is over for the Silicon Valley company amid the fallout from Musk's short-lived plan in August to take the company private, and determine if Tesla has finally stabilized its rocky Model 3 production and can build the vehicle at a profit. (more...)
Oil prices fall on signs of rising supply, economy worries
- November 03, 2018
This is the main reason why Trump has found it challenging to impose sanctions on Saudi Arabia over the murder of Jamal Khashoggi. Oil companies boosted shale drilling in Texas, Colorado and other states in response to a 48 percent rally in prices. (more...)
- November 03, 2018
This is the main reason why Trump has found it challenging to impose sanctions on Saudi Arabia over the murder of Jamal Khashoggi. Oil companies boosted shale drilling in Texas, Colorado and other states in response to a 48 percent rally in prices. (more...)
Our country is going through a low point, PM Khan tells China
- November 03, 2018
He said with Pak-China trade balance now in favor of China, Pakistan wanted to get help from China for pushing the country's exports and address its one of the main problems of the current account deficit. Pakistan will also ask "for some corrections in the trade balance and tariff concessions" from China, he said. He defended the Dollars 60 billion CPEC, saying that it is an economic cooperation project between China and Pakistan. (more...)
- November 03, 2018
He said with Pak-China trade balance now in favor of China, Pakistan wanted to get help from China for pushing the country's exports and address its one of the main problems of the current account deficit. Pakistan will also ask "for some corrections in the trade balance and tariff concessions" from China, he said. He defended the Dollars 60 billion CPEC, saying that it is an economic cooperation project between China and Pakistan. (more...)
JAL pilot admits being almost 10 times over alcohol limit
- November 02, 2018
The flight departed after a 69-minute delay. Earlier, the police were alerted by the crew bus driver, who smelled alcohol on the pilot, as reported Japanese broadcaster NHK. When queried about his physical condition, the copilot reportedly said he felt a little sluggish. Breath tests are not even required. The copilot joined JAL in 2000 and has worked as a pilot for about 15 years. (more...)
- November 02, 2018
The flight departed after a 69-minute delay. Earlier, the police were alerted by the crew bus driver, who smelled alcohol on the pilot, as reported Japanese broadcaster NHK. When queried about his physical condition, the copilot reportedly said he felt a little sluggish. Breath tests are not even required. The copilot joined JAL in 2000 and has worked as a pilot for about 15 years. (more...)
UK, EU agree tentative Brexit deal on financial services
- November 02, 2018
UniCredit's Silvestre cautions that it remains unclear whether the United Kingdom government is ready to accept such a proposal, given that the E.U.is still insisting on a "backstop to the backstop" whereby only Northern Ireland would remain in the E.U. (more...)
- November 02, 2018
UniCredit's Silvestre cautions that it remains unclear whether the United Kingdom government is ready to accept such a proposal, given that the E.U.is still insisting on a "backstop to the backstop" whereby only Northern Ireland would remain in the E.U. (more...)
FREE Reusable Red Cup at Starbucks Nov. 2 (comes with discounts)
- November 02, 2018
The inspiration for the designs, Brewer says, comes from their Christmas blend coffee. "As a brand that is intensely personal, we are humbled by how passionate customers are about our holiday cups", Gould said. But this year, one of the cups is adorned with mistletoe! And no one loves to get people in the mood for the holidays like the execs at Starbucks , which, starting tomorrow, will debut its new collection of holiday cups - thus setting off everyone's least favorite tradition: ... (more...)
- November 02, 2018
The inspiration for the designs, Brewer says, comes from their Christmas blend coffee. "As a brand that is intensely personal, we are humbled by how passionate customers are about our holiday cups", Gould said. But this year, one of the cups is adorned with mistletoe! And no one loves to get people in the mood for the holidays like the execs at Starbucks , which, starting tomorrow, will debut its new collection of holiday cups - thus setting off everyone's least favorite tradition: ... (more...)
Engaged With The US On Iran Oil Issue, Says Foreign Ministry
- November 02, 2018
A waiver will come as a big relief to Indian Oil and MRPL, the two largest Iranian oil consumers. The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side chose to cut oil imports from Tehran by about a third in 2018-19, sources familiar with the matter said , adding that an official announcement could be made over the next few days. (more...)
- November 02, 2018
A waiver will come as a big relief to Indian Oil and MRPL, the two largest Iranian oil consumers. The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side chose to cut oil imports from Tehran by about a third in 2018-19, sources familiar with the matter said , adding that an official announcement could be made over the next few days. (more...)
China Premier Li Keqiang is optimistic on US-China relations
- November 02, 2018
Xi was quoted as saying after the call with Trump that they had hoped to expand trade cooperation. The two countries have imposed tariffs on hundreds of billions of dollars of each other's goods and Trump has threatened to put tariffs on the remainder of China's US$500 billion-plus exports to the United States if the disputes can not be resolved. (more...)
- November 02, 2018
Xi was quoted as saying after the call with Trump that they had hoped to expand trade cooperation. The two countries have imposed tariffs on hundreds of billions of dollars of each other's goods and Trump has threatened to put tariffs on the remainder of China's US$500 billion-plus exports to the United States if the disputes can not be resolved. (more...)
#MeGoo: Google staff stage global walkout over sexism and racism
- November 02, 2018
The walkout came in the wake of a New York Times story that detailed allegations of sexual misconduct against a handful of Google employees including Android software creator Andy Rubin and Richard DeVaul, a director at Google's X lab, which has worked on self-driving auto and internet-beaming balloon projects. (more...)
- November 02, 2018
The walkout came in the wake of a New York Times story that detailed allegations of sexual misconduct against a handful of Google employees including Android software creator Andy Rubin and Richard DeVaul, a director at Google's X lab, which has worked on self-driving auto and internet-beaming balloon projects. (more...)
United States targets Chinese firm over national security fears
- November 02, 2018
China trade war, the Commerce Department added chip maker Fujian Jinhua Integrated Circuit Co.to its export restriction list for national security reasons. ZTE, which had violated a deal to settle violations of sanctions on Iran and North Korea, was allowed to resume purchases of US products after a revised settlement and payment of a $1 billion fine. (more...)
- November 02, 2018
China trade war, the Commerce Department added chip maker Fujian Jinhua Integrated Circuit Co.to its export restriction list for national security reasons. ZTE, which had violated a deal to settle violations of sanctions on Iran and North Korea, was allowed to resume purchases of US products after a revised settlement and payment of a $1 billion fine. (more...)
Oil Rises On Small Market Bounce, But Investors Eye Trade Outlook
- November 02, 2018
On Friday, crude oil futures ended up $0.26, or 0.4%, at $67.59 a barrel. Brent front-month futures early on the same day traded at just above $80 per barrel. Losses were limited ahead of US sanctions on Iranian exports that are expected to reduce supplies when they go into effect this coming Sunday. That is an increase of 10 million bpd since the start of the decade and means the three producers alone now meet a third of global crude demand. (more...)
- November 02, 2018
On Friday, crude oil futures ended up $0.26, or 0.4%, at $67.59 a barrel. Brent front-month futures early on the same day traded at just above $80 per barrel. Losses were limited ahead of US sanctions on Iranian exports that are expected to reduce supplies when they go into effect this coming Sunday. That is an increase of 10 million bpd since the start of the decade and means the three producers alone now meet a third of global crude demand. (more...)
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Saudi Aramco's profit plunges 73.4%