Money
Martha Stewart Will Finally Get Into the Marijuana Business
- March 01, 2019
Stewart will be advising the company while they develop the new line of CBD products. Canada's huge marijuana producer Canopy Growth has recruited the lifestyle guru Martha Stewart as an adviser to help develop a line of new cannabis-based products for humans and animals, the company announced on Thursday. (more...)
- March 01, 2019
Stewart will be advising the company while they develop the new line of CBD products. Canada's huge marijuana producer Canopy Growth has recruited the lifestyle guru Martha Stewart as an adviser to help develop a line of new cannabis-based products for humans and animals, the company announced on Thursday. (more...)
Victoria's Secret closing 53 stores after poor holiday sales
- March 01, 2019
Burgdoerfer said closure decisions are made based on factors including current and projected performance, cash flow and local market factors. Although a change in strategy appears necessary for the survival of Victoria's Secret, which has stuck to the same marketing strategy for decades, it may not sit well with consumers. (more...)
- March 01, 2019
Burgdoerfer said closure decisions are made based on factors including current and projected performance, cash flow and local market factors. Although a change in strategy appears necessary for the survival of Victoria's Secret, which has stuck to the same marketing strategy for decades, it may not sit well with consumers. (more...)
Powell says Fed is nearing decision on balance sheet runoff
- March 01, 2019
The dollar fell to a three-week low in choppy trading on Tuesday, as Federal Reserve Chairman Jerome Powell repeated that the USA central bank would remain patient on monetary policy, suggesting it was unlikely to raise interest rates anytime soon. (more...)
- March 01, 2019
The dollar fell to a three-week low in choppy trading on Tuesday, as Federal Reserve Chairman Jerome Powell repeated that the USA central bank would remain patient on monetary policy, suggesting it was unlikely to raise interest rates anytime soon. (more...)
Chinese stocks surge after Trump postpones tariffs
- March 01, 2019
The Russell 2000 index of smaller companies dropped 0.1 percent to 1,588.81. E-Mini futures for the S&P 500 edged up 0.3 percent, while Treasury futures slipped. Securing some rather minor concessions from China to purchase more soybeans from the USA was the easy part, but forcing sweeping changes to its trade practices - the so-called "structural reforms - will be extremely hard, if not potentially unobtainable". (more...)
- March 01, 2019
The Russell 2000 index of smaller companies dropped 0.1 percent to 1,588.81. E-Mini futures for the S&P 500 edged up 0.3 percent, while Treasury futures slipped. Securing some rather minor concessions from China to purchase more soybeans from the USA was the easy part, but forcing sweeping changes to its trade practices - the so-called "structural reforms - will be extremely hard, if not potentially unobtainable". (more...)
United Nations to vote on rival USA and Russian resolutions on Venezuela
- February 28, 2019
Venezuelan opposition leader Juan Guaido, visiting Brazil to drum up support for his bid to push for a change of government in his country, said on Thursday he will return to Caracas by Monday despite threats of imprisonment. While in Vietnam, the president also addressed the ongoing situation in Venezuela. "We are hopeful that over the next couple of weeks, we can really begin to make a dent in that problem". (more...)
- February 28, 2019
Venezuelan opposition leader Juan Guaido, visiting Brazil to drum up support for his bid to push for a change of government in his country, said on Thursday he will return to Caracas by Monday despite threats of imprisonment. While in Vietnam, the president also addressed the ongoing situation in Venezuela. "We are hopeful that over the next couple of weeks, we can really begin to make a dent in that problem". (more...)
Here are the tips from Warren Buffet's annual letter
- February 28, 2019
Buffett did say something nice on Bitcoin and blockchain for a change. China's stock market surged Monday after President Donald Trump postponed another tariff hike on Chinese imports. Buffett and longtime Vice Chairman Charlie Munger ceded day-to-day oversight of Berkshire's operating units a year ago to Vice Chairmen Greg Abel and Ajit Jain. (more...)
- February 28, 2019
Buffett did say something nice on Bitcoin and blockchain for a change. China's stock market surged Monday after President Donald Trump postponed another tariff hike on Chinese imports. Buffett and longtime Vice Chairman Charlie Munger ceded day-to-day oversight of Berkshire's operating units a year ago to Vice Chairmen Greg Abel and Ajit Jain. (more...)
British MPs Vote on Brexit Amendments as Article 50 Deadline Approaches
- February 28, 2019
David Lidington vowed the Government would follow the instruction of Parliament if MPs refuse to endorse no deal next month. Owen Smith, who was sacked from the shadow cabinet for calling for a second referendum, told the Press Association: "Now that Labour's version of Brexit has been rejected by Parliament, I expect Jeremy Corbyn to throw his full weight behind campaigning for a public vote". (more...)
- February 28, 2019
David Lidington vowed the Government would follow the instruction of Parliament if MPs refuse to endorse no deal next month. Owen Smith, who was sacked from the shadow cabinet for calling for a second referendum, told the Press Association: "Now that Labour's version of Brexit has been rejected by Parliament, I expect Jeremy Corbyn to throw his full weight behind campaigning for a public vote". (more...)
Oil dips after Trump calls on OPEC to ease high prices
- February 27, 2019
Brent crude futures briefly reached $67.73 a barrel, their 2019 high. Yet, Goldman Sachs sees a possible Brent Crude jump into the $70s as fleeting, because United States (U.S.) oil exports and a possible easing of OPEC's production cuts in the second half of the year could cap the bullish sentiment. (more...)
- February 27, 2019
Brent crude futures briefly reached $67.73 a barrel, their 2019 high. Yet, Goldman Sachs sees a possible Brent Crude jump into the $70s as fleeting, because United States (U.S.) oil exports and a possible easing of OPEC's production cuts in the second half of the year could cap the bullish sentiment. (more...)
Belvidere Chrysler plant to lay off over 1,000 employees
- February 27, 2019
Fiat Chrysler Automobiles announced Tuesday it would spend $4.5 billion at its production plants in MI to build the next-generation Jeep Grand Cherokee , an unnamed three-row SUV related to the Grand Cherokee, and its upcoming Wagoneer and Grand Wagoneer SUVs . (more...)
- February 27, 2019
Fiat Chrysler Automobiles announced Tuesday it would spend $4.5 billion at its production plants in MI to build the next-generation Jeep Grand Cherokee , an unnamed three-row SUV related to the Grand Cherokee, and its upcoming Wagoneer and Grand Wagoneer SUVs . (more...)
Elon Musk fires back at SEC, says ‘something is broken’ at agency
- February 27, 2019
The tweet read: " Tesla made 0 cars in 2011, but will make around 500k in 2019 ", an inaccurate claim which the SEC said had not been pre-approved by the board and was disseminated to over 24 million people. At worst, the watchdog could force him out. In a letter to the SEC included in the motion, Tesla said that Musk's initial tweet about production levels was in line with what the company had told investors during a January 2019 call and was "intended to recapitulate" that information. (more...)
- February 27, 2019
The tweet read: " Tesla made 0 cars in 2011, but will make around 500k in 2019 ", an inaccurate claim which the SEC said had not been pre-approved by the board and was disseminated to over 24 million people. At worst, the watchdog could force him out. In a letter to the SEC included in the motion, Tesla said that Musk's initial tweet about production levels was in line with what the company had told investors during a January 2019 call and was "intended to recapitulate" that information. (more...)
Porsche Macan to go all-electric
- February 27, 2019
The new Macan will be produced at Porsche's Leipzig site, the same location that the company will manufacturer the upcoming Taycan sports EV sedan. One of the newest entries to the EV world will be the next-gen Porsche Macan , which will be entirely electric and contend with cars like the BMW iX3 , Mercedes-Benz EQC and Audi e-tron . (more...)
- February 27, 2019
The new Macan will be produced at Porsche's Leipzig site, the same location that the company will manufacturer the upcoming Taycan sports EV sedan. One of the newest entries to the EV world will be the next-gen Porsche Macan , which will be entirely electric and contend with cars like the BMW iX3 , Mercedes-Benz EQC and Audi e-tron . (more...)
Man Bought $540 in Girl Scout Cookies so Girls Could Escape Cold
- February 26, 2019
She said: 'This man purchased seven packs of cookies. Girl Scout cookie season , that is. At one point, a man approached the stand and bought seven boxes of cookies worth $40, and told them to keep the change, according to cookie manager Kayla Dillard . (more...)
- February 26, 2019
She said: 'This man purchased seven packs of cookies. Girl Scout cookie season , that is. At one point, a man approached the stand and bought seven boxes of cookies worth $40, and told them to keep the change, according to cookie manager Kayla Dillard . (more...)
Groupe PSA to Launch Citroen Brand in India
- February 26, 2019
Groupe PSA initially planned to re-enter the Indian market by 2020, but now, it says that the first vehicle is expected before the end of 2021. The French brand could be facing a shrinking new auto market in the U.S.as well as the possibility of new tariffs on cars made in Europe and China, which is where Peugeot is likely to source cars for sale in the U.S. (more...)
- February 26, 2019
Groupe PSA initially planned to re-enter the Indian market by 2020, but now, it says that the first vehicle is expected before the end of 2021. The French brand could be facing a shrinking new auto market in the U.S.as well as the possibility of new tariffs on cars made in Europe and China, which is where Peugeot is likely to source cars for sale in the U.S. (more...)
Adani Group Wins Bids To Operate Five Airports, Says Official
- February 26, 2019
As many as 10 companies had submitted 32 bids in total to acquire the control of six airports , now managed by the AAI. The group has pipped GMR Group, the leading airport developer and operator, to emerge the victor for becoming the concessionaire of the Airports Authority of India (AAI) managed airports in the country- Thiruvananthapuram, Mangaluru, Ahmedabad, Jaipur and Lucknow when the financial bids were opened in New Delhi on Monday, AAI sources told The Hindu . (more...)
- February 26, 2019
As many as 10 companies had submitted 32 bids in total to acquire the control of six airports , now managed by the AAI. The group has pipped GMR Group, the leading airport developer and operator, to emerge the victor for becoming the concessionaire of the Airports Authority of India (AAI) managed airports in the country- Thiruvananthapuram, Mangaluru, Ahmedabad, Jaipur and Lucknow when the financial bids were opened in New Delhi on Monday, AAI sources told The Hindu . (more...)
Plane sways dramatically in high winds
- February 26, 2019
A passenger on-board the plane claimed he started "saying his last prayers" as it violently rocked, with the aircraft dipping and lifting by nearly 45 degrees. British Airways confirmed that the flight from London to Gibraltar on February 25 was diverted due to strong winds. Passenger Eli Hassett told Sky News the flight was a "near-death experience". (more...)
- February 26, 2019
A passenger on-board the plane claimed he started "saying his last prayers" as it violently rocked, with the aircraft dipping and lifting by nearly 45 degrees. British Airways confirmed that the flight from London to Gibraltar on February 25 was diverted due to strong winds. Passenger Eli Hassett told Sky News the flight was a "near-death experience". (more...)
Amtrak Train Carrying 183 Passengers Stranded in Oregon Since Sunday
- February 26, 2019
More than 24 hours later, there's still no movement. The area has been hit by heavy snow, and Amtrak has deemed it safest to keep everybody on board until help arrives, reports KOIN . Moms are doing all they can right now". Amtrak's website was unable to provide a status update on the train. On Tuesday at 7:54 a.m. ET, a woman named Rebekah Dodson - who USA Today identified as being a passenger on the train - tweeted "We have an engine!" We can't get of the train because there's four ... (more...)
- February 26, 2019
More than 24 hours later, there's still no movement. The area has been hit by heavy snow, and Amtrak has deemed it safest to keep everybody on board until help arrives, reports KOIN . Moms are doing all they can right now". Amtrak's website was unable to provide a status update on the train. On Tuesday at 7:54 a.m. ET, a woman named Rebekah Dodson - who USA Today identified as being a passenger on the train - tweeted "We have an engine!" We can't get of the train because there's four ... (more...)
Oil Slides After Trump Calls On OPEC To "Take It Easy"
- February 26, 2019
Opec's concern now is that Trump may break with his predecessors, and angering him by not going "easy", as he requested in his tweet , raises the stakes. Riyadh is targeting the American market in particular since USA weekly data has the power to move prices more strongly than that from other nations. (more...)
- February 26, 2019
Opec's concern now is that Trump may break with his predecessors, and angering him by not going "easy", as he requested in his tweet , raises the stakes. Riyadh is targeting the American market in particular since USA weekly data has the power to move prices more strongly than that from other nations. (more...)
Tesla CEO Elon Musk faces contempt claim from SEC for recent tweets
- February 26, 2019
The SEC is claiming that the tweet in question is inaccurate and violates the settlement Musk came to with the agency in 2018. The terms of Musk's prior settlement left him stripped of his chairman position on the Tesla board, a $20 million Dollars (roughly, $26.3 million CAD) fine and ruled that his tweets needed to be pre-approved by an oversight board committee, according to CNN . (more...)
- February 26, 2019
The SEC is claiming that the tweet in question is inaccurate and violates the settlement Musk came to with the agency in 2018. The terms of Musk's prior settlement left him stripped of his chairman position on the Tesla board, a $20 million Dollars (roughly, $26.3 million CAD) fine and ruled that his tweets needed to be pre-approved by an oversight board committee, according to CNN . (more...)
Micron releases world’s first 1TB microSD card
- February 25, 2019
Western Digital's SanDisk microSD card offers 160MB/s read speeds , while the Micron card offers read speeds of 100MB/s. Is a 1TB microSD card worth more than an entire console? It's not clear if the card meets the brand new microSD Express standard. (more...)
- February 25, 2019
Western Digital's SanDisk microSD card offers 160MB/s read speeds , while the Micron card offers read speeds of 100MB/s. Is a 1TB microSD card worth more than an entire console? It's not clear if the card meets the brand new microSD Express standard. (more...)
Warnings linger until 7 a.m. Monday; Winds slow to diminish
- February 25, 2019
If you haven't already make sure you secure loose outdoor objects such as lawn equipment, flags, and trashcans. Winds of this magnitude will bring down trees, large tree limbs and power lines, the National Weather Service warns. High pressure will allow for mainly quiet conditions most of the day for Monday and Tuesday . Heading into Tuesday , winds will be calming down and more sunshine will be returning. (more...)
- February 25, 2019
If you haven't already make sure you secure loose outdoor objects such as lawn equipment, flags, and trashcans. Winds of this magnitude will bring down trees, large tree limbs and power lines, the National Weather Service warns. High pressure will allow for mainly quiet conditions most of the day for Monday and Tuesday . Heading into Tuesday , winds will be calming down and more sunshine will be returning. (more...)
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Trump calls trade war with China 'a little squabble'