Money
Volkswagen vows to build 22 million e-cars over next decade
- March 13, 2019
A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. Volkswagen has struggled to raise profitability at the VW brand for years. The big carmaker's electric transition is driven by the need to conform to strict emissions limits on greenhouse gas carbon dioxide (CO2), set to bite in the European Union from 2020. (more...)
- March 13, 2019
A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. Volkswagen has struggled to raise profitability at the VW brand for years. The big carmaker's electric transition is driven by the need to conform to strict emissions limits on greenhouse gas carbon dioxide (CO2), set to bite in the European Union from 2020. (more...)
Dick’s to halt sales of rifles, ammo at 125 of its stores
- March 13, 2019
The change, which affects about 17 percent of the Dick's chain, follows a trial run previous year when Dick's removed hunting products from 10 of its stores. The company's 2018 revenue was down nearly 2 percent to $8.4 billion, a dip that Stack has attributed to slower firearm sales, a change in Under Armour Inc.'s distribution strategy and weak performance in electronics sales. (more...)
- March 13, 2019
The change, which affects about 17 percent of the Dick's chain, follows a trial run previous year when Dick's removed hunting products from 10 of its stores. The company's 2018 revenue was down nearly 2 percent to $8.4 billion, a dip that Stack has attributed to slower firearm sales, a change in Under Armour Inc.'s distribution strategy and weak performance in electronics sales. (more...)
Son’s ‘sad’ tweet boosts business for dad’s new doughnut shop in Texas
- March 13, 2019
The tweet subsequently went viral, with over 320,000 retweets and 730,000 likes as of Tuesday morning, and celebrities including Casey Neistat and actor James Woods amplifying the tweet. I can't thank everyone enough for coming out and supporting local businesses. The owners had named the store after their son, Billy By , and they were excited to start slinging pastries. (more...)
- March 13, 2019
The tweet subsequently went viral, with over 320,000 retweets and 730,000 likes as of Tuesday morning, and celebrities including Casey Neistat and actor James Woods amplifying the tweet. I can't thank everyone enough for coming out and supporting local businesses. The owners had named the store after their son, Billy By , and they were excited to start slinging pastries. (more...)
Honda Recall | Faulty Replacement Airbags
- March 12, 2019
The device relied on ammonium nitrate to trigger a small explosion to inflate them during a crash. The chemical used in the air bag inflators can burn too fast and blow apart a metal canister, hurling shrapnel into drivers and passengers. (more...)
- March 12, 2019
The device relied on ammonium nitrate to trigger a small explosion to inflate them during a crash. The chemical used in the air bag inflators can burn too fast and blow apart a metal canister, hurling shrapnel into drivers and passengers. (more...)
Nissan's Infiniti to exit western Europe early next year
- March 12, 2019
Despite entering a hot market segment, the Q30 and QX30 have proven to be slow sellers globally. Nissan also recently scrapped plans to build its new X-Trail SUV in Britain amid the uncertainty surrounding Brexit, saying it had taken the decision to optimise its investments by building the next generation model in Japan. (more...)
- March 12, 2019
Despite entering a hot market segment, the Q30 and QX30 have proven to be slow sellers globally. Nissan also recently scrapped plans to build its new X-Trail SUV in Britain amid the uncertainty surrounding Brexit, saying it had taken the decision to optimise its investments by building the next generation model in Japan. (more...)
GE Salmon Cleared for U.S. Dinner Plates
- March 12, 2019
The Food and Drug Administration has lifted its import ban on a brand of genetically modified salmon after Congress blocked the fish from coming to USA until the agency finalized its labeling guidelines to inform consumers about what they are eating. (more...)
- March 12, 2019
The Food and Drug Administration has lifted its import ban on a brand of genetically modified salmon after Congress blocked the fish from coming to USA until the agency finalized its labeling guidelines to inform consumers about what they are eating. (more...)
Nissan, Renault Break Up Almighty Chairmanship Post Carlos Ghosn's Ouster
- March 12, 2019
Currently, the alliance is managed by a Nissan-Renault venture and a Nissan-Mitsubishi Motors venture. He declined comment on whether Ghosn, who remains on Renault's board, will be allowed to attend its meetings even if he is able to leave Japan. (more...)
- March 12, 2019
Currently, the alliance is managed by a Nissan-Renault venture and a Nissan-Mitsubishi Motors venture. He declined comment on whether Ghosn, who remains on Renault's board, will be allowed to attend its meetings even if he is able to leave Japan. (more...)
IEA: Fierce Global Refining Competition May Lead To Closures
- March 12, 2019
Brent crude futures were at $66.17 per barrel, up $0.43, or 0.65%. "But, barring this, I think we will just be kicking the can forward", Mr Falih said. Saudi Arabia's total gross exports are predicted to stand at 9.52 million barrels a day in 2024, while USA is rapidly closing the gap with the kingdom. (more...)
- March 12, 2019
Brent crude futures were at $66.17 per barrel, up $0.43, or 0.65%. "But, barring this, I think we will just be kicking the can forward", Mr Falih said. Saudi Arabia's total gross exports are predicted to stand at 9.52 million barrels a day in 2024, while USA is rapidly closing the gap with the kingdom. (more...)
Sen. Warren targets App Store in bid to break up Apple
- March 12, 2019
When asked about how Warren would like to break Apple , she mentioned that, the company runs the App Store which is a platform for developers to sell/share their work while also publishing Apple's own work. Facebook on Monday removed, and subsequently reinstated, three ads purchased by Senator Elizabeth Warren's (D., Mass.) 2020 presidential campaign that called for the breakup of large tech companies, including Facebook. (more...)
- March 12, 2019
When asked about how Warren would like to break Apple , she mentioned that, the company runs the App Store which is a platform for developers to sell/share their work while also publishing Apple's own work. Facebook on Monday removed, and subsequently reinstated, three ads purchased by Senator Elizabeth Warren's (D., Mass.) 2020 presidential campaign that called for the breakup of large tech companies, including Facebook. (more...)
Tesla backtracks on recently-announced plan to close its stores
- March 12, 2019
Tesla is increasing prices of its electric cars after scaling back a store closure programme. In a blog post , Tesla said it would keep "significantly more stores open than previously announced", and support the ability to produce the base-level $35,000 Model 3 by raising prices about 3 percent on other, higher-end models. (more...)
- March 12, 2019
Tesla is increasing prices of its electric cars after scaling back a store closure programme. In a blog post , Tesla said it would keep "significantly more stores open than previously announced", and support the ability to produce the base-level $35,000 Model 3 by raising prices about 3 percent on other, higher-end models. (more...)
March Madness: Britain Leaving The EU : Planet Money
- March 12, 2019
Lidington would only say that Geoffrey Cox, the attorney general, would consider his legal advice in light of the changes and publish an update on Tuesday morning. "She said she had been advised this letter would have legal force in global law". If she loses that vote, she has said lawmakers will get a vote on Wednesday on whether to leave without a deal and, if they reject that, then a vote on whether to ask for a limited delay to Brexit. (more...)
- March 12, 2019
Lidington would only say that Geoffrey Cox, the attorney general, would consider his legal advice in light of the changes and publish an update on Tuesday morning. "She said she had been advised this letter would have legal force in global law". If she loses that vote, she has said lawmakers will get a vote on Wednesday on whether to leave without a deal and, if they reject that, then a vote on whether to ask for a limited delay to Brexit. (more...)
Nvidia close to Mellanox deal
- March 11, 2019
Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help the US chipmaker boost its data center business. Bernstein analyst Stacy Rasgon said Nvidia has been pushing more into networking and connectivity with its own tailored solutions and Mellanox would bring further expertise. (more...)
- March 11, 2019
Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help the US chipmaker boost its data center business. Bernstein analyst Stacy Rasgon said Nvidia has been pushing more into networking and connectivity with its own tailored solutions and Mellanox would bring further expertise. (more...)
Tesla to Raise Prices, Close Fewer Stores Than Flagged
- March 11, 2019
FBN's Charlie Gasparino discusses Tesla CEO Elon Musk's Model 3 announcement and the company's cash problem. Despite keeping more stores open, Tesla will still use an online only sales model worldwide, with all vehicle sold with a seven-day or 1000-mile return policy. (more...)
- March 11, 2019
FBN's Charlie Gasparino discusses Tesla CEO Elon Musk's Model 3 announcement and the company's cash problem. Despite keeping more stores open, Tesla will still use an online only sales model worldwide, with all vehicle sold with a seven-day or 1000-mile return policy. (more...)
Australian Regulators Warn Crypto Exchanges Against Infringing Reporting Obligations
- March 11, 2019
According to a statement , AFP agents executed a string of search warrants yesterday, seizing steroids, Australian currency, and "cryptocurrency-related items". These arrests and shutdown of the operations of two cryptocurrency exchanges are also serving as a reminder for other crypto exchanges in Australia that they need to be cautious about their operations and apprise authorities about any illegal activity they notice on their platform. (more...)
- March 11, 2019
According to a statement , AFP agents executed a string of search warrants yesterday, seizing steroids, Australian currency, and "cryptocurrency-related items". These arrests and shutdown of the operations of two cryptocurrency exchanges are also serving as a reminder for other crypto exchanges in Australia that they need to be cautious about their operations and apprise authorities about any illegal activity they notice on their platform. (more...)
Cash stays - digicash delay: Philadelphia says no to totally cashless future
- March 11, 2019
The legislation, which Mayor Jim Kenney signed into law on February 28, aims to protect low-income citizens who might not have access to a bank account. According to the Inquirer, Amazon is concerned it won't be able to open Amazon Go stores in Philadelphia since customers pay for items through an online account after leaving the store. (more...)
- March 11, 2019
The legislation, which Mayor Jim Kenney signed into law on February 28, aims to protect low-income citizens who might not have access to a bank account. According to the Inquirer, Amazon is concerned it won't be able to open Amazon Go stores in Philadelphia since customers pay for items through an online account after leaving the store. (more...)
Rio Tinto (RIO) Lowered to "Hold" at Investec
- March 11, 2019
From time to time, even solid companies may experience some sort of setback. Investors are often searching through all the numbers to help decide which stocks to purchase. "What is concerning is that in the past decade electricity prices have doubled in Australia", he said. We can now take a quick look at some historical stock price index data. (more...)
- March 11, 2019
From time to time, even solid companies may experience some sort of setback. Investors are often searching through all the numbers to help decide which stocks to purchase. "What is concerning is that in the past decade electricity prices have doubled in Australia", he said. We can now take a quick look at some historical stock price index data. (more...)
Trump expected to seek $8.6B for border wall in new budget
- March 11, 2019
Mexican and USA officials outside of Trump are in agreement the country's southern neighbor has no intention of paying the billions in wall costs, particularly after this latest request for US taxpayer dollars. Around the same time, Trump and lawmakers must agree to lift the debt ceiling, or risk a default, which would have chaotic economic fallout. White House officials say there are already 122 miles of barriers that have been completed or are now under construction. (more...)
- March 11, 2019
Mexican and USA officials outside of Trump are in agreement the country's southern neighbor has no intention of paying the billions in wall costs, particularly after this latest request for US taxpayer dollars. Around the same time, Trump and lawmakers must agree to lift the debt ceiling, or risk a default, which would have chaotic economic fallout. White House officials say there are already 122 miles of barriers that have been completed or are now under construction. (more...)
Biggest sovereign wealth fund to decide on dumping oil
- March 10, 2019
Norway's decision comes as institutional investors around the world are assessing their climate-related financial risk, and the long-term prospects for fossil fuel industries. "We were quite surprised to see this and we certainly don't agree with their assertion", said Jon Stringham, manager of fiscal and economic policy for the Canadian Association of Petroleum Producers. (more...)
- March 10, 2019
Norway's decision comes as institutional investors around the world are assessing their climate-related financial risk, and the long-term prospects for fossil fuel industries. "We were quite surprised to see this and we certainly don't agree with their assertion", said Jon Stringham, manager of fiscal and economic policy for the Canadian Association of Petroleum Producers. (more...)
'Parliament will make its choice': United Kingdom bracing for historic week
- March 10, 2019
The government has so far failed to secure changes to the divorce deal that could gain the backing of lawmakers, after they roundly rejected it in January. "He has put forward constructive additions, now we wait for a credible response from the United Kingdom to ensure an orderly Brexit", he said on Saturday. (more...)
- March 10, 2019
The government has so far failed to secure changes to the divorce deal that could gain the backing of lawmakers, after they roundly rejected it in January. "He has put forward constructive additions, now we wait for a credible response from the United Kingdom to ensure an orderly Brexit", he said on Saturday. (more...)
Canada sees second straight monthly employment surge with 55900 net new jobs
- March 10, 2019
The latest jobs report by the nation's number crunchers also says the unemployment rate held firm last month at 5.8% as more people hunted for work. For the third time in four months, the number of positions increased notably. By region, Ontario saw the biggest employment increase last month with the addition of 36,900 jobs. (more...)
- March 10, 2019
The latest jobs report by the nation's number crunchers also says the unemployment rate held firm last month at 5.8% as more people hunted for work. For the third time in four months, the number of positions increased notably. By region, Ontario saw the biggest employment increase last month with the addition of 36,900 jobs. (more...)
Latest news
Hong Kong's top officials applaud its financial prowess amid protests