Money


BuzzFeed Laying Off 15% of its Staff BuzzFeed Laying Off 15% of its Staff
- January 26, 2019

In a Wednesday memo announcing the layoffs, Peretti told employees he hoped the reduction in headcount would keep BuzzFeed from seeking additional outside money from investors. The cutbacks are part of a wave of media layoffs. For print publications, like the more than 100 papers owned by Gannett, those ad dollars began to drop as readers increasingly got their news on the internet. (more...)
Adelaide swelters through hottest day on record Adelaide swelters through hottest day on record
- January 26, 2019

Bureau of Meteorology forecaster Rob Sharpe said he would not be surprised if January becomes Australia's hottest on record with heat wave conditions likely to persist. Dozens of horses were found dead in the dried-up beds of former watering holes around the Alice Springs community in the Northern Territory this week, killed by apparent dehydration or heat stroke. (more...)
Hundreds missing in Brazil after Vale tailings dam collapses Hundreds missing in Brazil after Vale tailings dam collapses
- January 26, 2019

The mayor of Brumadinho, where the dam is located, said seven bodies had been recovered and that he expects the death toll to rise, according to Reuters. US -listed shares of Vale were down 7 percent in mid-afternoon trading. The Sao Paulo stock market was closed Friday for a holiday. An aerial view shows flooding triggered by the dam collapse. (more...)
Walmart To Raise Truck Driver Pay Amid National Shortage Walmart To Raise Truck Driver Pay Amid National Shortage
- January 26, 2019

Walmart is looking to grow its trucking fleet by 900 drivers in 2019. FoxBusiness.com says there is a nationwide shortage of truck drivers and that the trucking industry would need to hire almost 900,000 drivers by 2026 to keep up with demand. (more...)
Carlos Ghosn resigns from top job at Renault Carlos Ghosn resigns from top job at Renault
- January 25, 2019

Ghosn, who held the roles of chairman and CEO until his resignation this week, was arrested in Japan last November over allegations of financial impropriety. In his new role, Senard will review the governance of the company and will take full responsibility for its alliance with Japanese manufacturers Nissan and Mitsubishi . (more...)
General Mills recalling some flour over potential presence of salmonella General Mills recalling some flour over potential presence of salmonella
- January 26, 2019

The company is anxious about potential salmonella contamination . Salmonella was found during samples of the Gold Medal Unbleached Flour. Five-pound bags of Gold Medal unbleached flour with a better-if-used-by date of April 20, 2020. The CDC estimates there are 1.2 million cases annually in the USA, with about 450 ending in death. Both recalls originated at General Mills' Kansas City manufacturing facility. (more...)
China's Huawei eyes smartphone supremacy this year after record 2018 sales China's Huawei eyes smartphone supremacy this year after record 2018 sales
- January 26, 2019

Despite the intense scrutiny faced in Western countries, Huawei's consumer business revenue jumped about 50 percent previous year, replacing its carrier business as its largest segment by sales, Richard Yu, the head of the consumer division said at a press conference in Beijing, according to Reuters . (more...)
US, regional powers recognise Maduro's opponent as Venezuela leader US, regional powers recognise Maduro's opponent as Venezuela leader
- January 25, 2019

Maduro's reelection past year was disputed by the opposition, and criticised internationally - but the socialist leader has until now retained the loyalty of the powerful military. Mr Guaido has said this was "the beginning of the end" for Mr Maduro while he pledged to guarantee humanitarian aid and introduce new economic measures. (more...)
Backlash as billionaire cabinet member dismisses U.S. shutdown hardship Backlash as billionaire cabinet member dismisses U.S. shutdown hardship
- January 25, 2019

Horizon Investments Chief Strategist Greg Valliere, Potomac Wealth Advisors President Mark Avallone and FBN's Deirdre Bolton on US trade negotiations with China and its impact on the markets. Trade Representative Robert Lighthizer in Washington from January 30-31. A high-level Chinese delegation is due in Washington next week as both sides work to reach a resolution ahead before March 1, when U.S. (more...)
Family kicked off American Airlines flight after passengers complain about body odor Family kicked off American Airlines flight after passengers complain about body odor
- January 25, 2019

Anyone else stash deodorant in their auto? "We don't have odor - nobody here has odor - oh stop". "So what did you say", the man asked on video. "Nobody here has odor". "It's embarrassing. I just want someone to tell me the truth". American Airlines insisted the reason it kicked the family off the plane was their scent and not because they are Jewish. (more...)
White House adviser plays down U.S. credit risk over shutdown White House adviser plays down U.S. credit risk over shutdown
- January 25, 2019

White House officials during the 33-day shutdown have tried to dismiss economists' and congressional Democrats' warnings that it could drag down the economy . With respect to the furloughed federal employees who have missed their paychecks amid the shutdown , the economic adviser said he himself and his staff are "dealing with the very very hard problem" of not getting a paycheck. (more...)
China blocks Microsoft’s Bing search engine China blocks Microsoft’s Bing search engine
- January 25, 2019

The Financial Times reports Microsoft Bing held less than two percent. Search engine results are also being monitored and censored, which is why Google pulled out in 2010 . In a statement on Wednesday, CAC said it had deleted more than 7 million pieces of online information and 9,382 mobile apps. It's no secret that the government has been cracking down on western services for a while, though it's control over the internet is only getting worse over time. (more...)
Flights snarled into New York's LaGuardia as shutdown hits air-traffic staffing Flights snarled into New York's LaGuardia as shutdown hits air-traffic staffing
- January 25, 2019

In a joint statement released Wednesday by unions representing air traffic controllers , pilots, and flight attendants, employees said that "staffing in our air traffic control facilities is already at a 30-year low and controllers are only able to maintain the system's efficiency and capacity by working overtime, including 10-hour days and 6-day workweeks at many of our nation's busiest facilities". (more...)
Venezuela to close its US embassy, consulates: Maduro Venezuela to close its US embassy, consulates: Maduro
- January 25, 2019

Instead of backing down, Guaido stunned Venezuelans on Wednesday by declaring himself interim president before cheering supporters in Venezuela's capital, buoyed by massive anti-government protests. China also said it supported efforts to protect Venezuela's independence and stability. But for the frontal assault on Maduro's authority to succeed, Venezuelans fearful of taking to the streets again after past uprisings ended in violent crackdowns and bitter divisions must be prepared to ... (more...)
Classic Valentine's Day candy may be missing from store shelves this year Classic Valentine's Day candy may be missing from store shelves this year
- January 25, 2019

Spangler, who also owns famous sweets like Dum-Dums lollipops and Circus Peanuts, acquired both Sweethearts and NECCO Wafers, and the equipment that makes them, after New England Confectionary Company (NECCO) declared bankruptcy and closed their MA factory in July of a year ago. (more...)
U.S. rejects advance trade meeting with China U.S. rejects advance trade meeting with China
- January 25, 2019

US President Donald Trump said Wednesday that Washington is doing "very well" in trade talks with China and that Beijing is keen to strike a deal ending their trade war . "But, you know, it's a very strong situation right now", he said. The Chinese economy past year posted its slowest annual growth in almost three decades, according to official figures published Monday in Beijing. (more...)
Amazon Introduces Wheeled Autonomous Robots for Suburban Parcel Delivery Amazon Introduces Wheeled Autonomous Robots for Suburban Parcel Delivery
- January 25, 2019

Starting today, these devices will begin delivering packages to customers in a neighborhood in Snohomish County, Washington. With Amazon always looking for ways to facilitate the delivery of Amazon items, Scout is an all-electric self-driving vehicle that will maneuver across sidewalks in order to deliver purchased items to customers. (more...)
Boeing's electric autonomous passenger air vehicle just had its first flight Boeing's electric autonomous passenger air vehicle just had its first flight
- January 25, 2019

Boeing has designed the aircraft to be fully autonomous from takeoff to landing. The company claims that the prototype completed take-off, hovering and landing successfully along with the testing of autonomous functions and ground control systems. (more...)
Tesla gets approval to start delivering Model 3 in Europe Tesla gets approval to start delivering Model 3 in Europe
- January 23, 2019

Tesla has the go-ahead to start selling its cheapest and most popular model in Europe, which is likely to spook established premium carmakers such as Audi, BMW and Mercedes-Benz. The Model 3 became the top-selling luxury auto in the US last year, outstripping the Audi Q5, BMW 3 series and other well-known models. Offering the Tesla Model 3 in Europe will definitely put more pressure on the traditional German premium models of the same price. (more...)
US air safety agents absences hit record level; shutdown Day 31 US air safety agents absences hit record level; shutdown Day 31
- January 23, 2019

As CNN previously reported , TSA screeners have called out from work through the shutdown, and the problem has taken on heightened attention as the shutdown has worn on and unscheduled absences have ticked up significantly relative to past year. (more...)

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