Money


Stop & Shop, workers reach tentative contract agreement Stop & Shop, workers reach tentative contract agreement
- April 24, 2019

Workers should demand to see the fine print and have sufficient time to study and discuss it before any vote. During the strike , Stop & Shop reduced most stores to 12-hour days, closed bakery, deli, seafood and meat counters, shut down their gas stations, and only had self-checkout lanes open. (more...)
Harley-Davidson profit way above estimates as Trump weighs in Harley-Davidson profit way above estimates as Trump weighs in
- April 24, 2019

The company also posted profit for the first quarter that was more than 30 cents per share ahead of expectations, but reported continuing declines in sales that analysts said did not change an overall hard picture for Harley. Similarly, China's tariffs on the bikes exported from the US have increased to 55 percent from 30 percent as a result of the trade war between the world's two biggest economies. (more...)
FAA certifies Alphabet Wing to make commercial drone deliveries FAA certifies Alphabet Wing to make commercial drone deliveries
- April 24, 2019

The company has touted many advantages of using unmanned drones to deliver packages, from reducing carbon emissions and road congestion to increasing connections between communities and local businesses. Major companies like Uber and UPS are also trying to secure similar federal approvals for commercial drone deliveries. Wing's drones can fly up to 120 kilometers, or about 74.5 miles, per hour, and can fly up to 400 feet above the ground, according to Google X's website . (more...)
Tesla Model S and Model X ranges get big upgrades Tesla Model S and Model X ranges get big upgrades
- April 24, 2019

It's important to note that Tesla's flagship vehicles will be able to charge at a faster rate from the same battery pack, while Model 3 utilizes a newer generation 2170 cylindrical cell with higher energy density than the Model S and Model X . (more...)
Apple reportedly enters a $1.5 Billion deal with Amazon’s Cloud service Apple reportedly enters a $1.5 Billion deal with Amazon’s Cloud service
- April 24, 2019

The amount is 10 percent higher than what it spent in Q1 2018. This solution to Apple's cloud service challenges seems to be temporary, though, as the company has been investing heavily in building its own infrastructure. Lyft has a commitment to spend at least $300 million on AWS services from 2019 through 2021, with a minimum of $80 million in each of the three years, according to its S-1 registration statement filed last with the U.S. (more...)
Twitter profit rises as Trump demands 'fairer' social media
- April 23, 2019

Monetizable daily active users or mDAU rose to 134 million in the first quarter, up 12 percent from a year ago, Twitter said . This included 105 million mDAU internationally and 28 million in the U.S. It also reported a surprise rise in monthly active users, suggesting that its efforts to delete spam accounts and to police posts better were working to help attract more users and ad dollars. (more...)
Twitter triples profits, global user base steadies
- April 23, 2019

Twitter rose as much as 12 per cent, the most since October, to US$38.35 in NY. Rich Greenfield, an analyst at BTIG, said the increase in monetizable daily active users was the largest in the past four years, "clearly illustrating that the product improvements and health initiatives are resonating with consumers all over the world". (more...)
Student accused of robbing Apple Stores sues for $1 billion Student accused of robbing Apple Stores sues for $1 billion
- April 23, 2019

A solid alibi of attending his senior prom in Manhattan cleared Bah of the Boston charges, with DE and Manhattan shortly following thanks to testimony from a detective that deemed the real perpetrator "looked nothing like" Bah within the footage. (more...)
Halsey replaces candy with cash for friends' Easter egg hunt Halsey replaces candy with cash for friends' Easter egg hunt
- April 23, 2019

The helicopter's arrival was a special sight, with Bill Fox, a pastor, parishioner and former military pilot, at the controls while the crew dropped the eggs and exchanged waves with the crowd. Turning Point Church of Lenawee County in Adrian hosted a "Very Special Egg Hunt" Saturday, April 20, 2018. Morgan said this wasn't the family's first time at the hunt. (more...)
Target Car Seat Trade In Starts Today Target Car Seat Trade In Starts Today
- April 23, 2019

Parents, here's your chance to trade in your child's vehicle safety seat. Shoppers can bring in an old auto seat and trade it in at the guest service desk for a coupon good for 20 percent off a new vehicle seat, stroller or select baby gear. (more...)
India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox
- April 23, 2019

Comments on the draft can be sent in till May 8. The Reserve Bank of India has released the draft "Enabling Framework for Regulatory Sandbox " for stakeholder's feedback . RBI has approved sandbox testing for all the "innovative technologies" such as blockchain platforms including mobile-based payment and digital identity software and data analytics, or AI or machine learning apps. (more...)
Stop & Shop workers union strike continues for 7th day Stop & Shop workers union strike continues for 7th day
- April 23, 2019

This is way beyond that. "This is morally wrong what's going on around the country, and I've had enough of it". "This is one of the biggest shopping weeks of the year, where people are eating big meals at home, and you sell lamb and seafood at 40% margins instead of other weeks where it's household and paper goods at 20% margins", Flickinger told me. (more...)
Bank unions want lenders to offer special loans to Jet Airways staff Bank unions want lenders to offer special loans to Jet Airways staff
- April 23, 2019

Jet Airways on Wednesday cancelled all flights including its worldwide flights temporarily after failing to secure emergency funds from its lenders, according to a statement by the airline. India's aviation market has seen considerable growth and the country will have the third largest domestic network by passenger numbers behind China and the U.S. (more...)
Sick Passengers Taken To Hospital After Landing In Boston Sick Passengers Taken To Hospital After Landing In Boston
- April 23, 2019

Every person who fell ill was apparently part of the same student group flying into Logan International Airport from a layover in Miami after returning from a trip to the Galapagos Islands and Ecuador. No other passengers were reported ill. "American requested paramedics to meet the aircraft upon arrival in Boston". More than a dozen passengers were sickened on a flight to Boston. (more...)
Marcus Hutchins, known for stopping WannaCry, pleads guilty in banking malware case Marcus Hutchins, known for stopping WannaCry, pleads guilty in banking malware case
- April 23, 2019

Having grown up, I've since been using the same skills that I misused several years ago for constructive purposes. Hutchins was charged with developing and, in partnership with another individual identified in court documents as "Vinny", disseminating UPAS-Kit and Kronos malware, the latter of which has for years been used to steal banking information. (more...)
Tesla Board Shakeup Seen as ‘Important Step’ in Governance Tesla Board Shakeup Seen as ‘Important Step’ in Governance
- April 23, 2019

Tesla has announced sweeping changes to its corporate structure that would weaken the power of its founder Elon Musk and cut some of his strongest allies from the board of directors. Tesla said the decision did not result from any disagreement between the company and the directors. The others - Brad Buss, Antonio Gracias and Steve Jurvetson - have been with the company over nine years. (more...)
Nissan files criminal complaint against jailed ex-Chairman Ghosn Nissan files criminal complaint against jailed ex-Chairman Ghosn
- April 22, 2019

His earlier release following 108 days in detention through early March was cut short after the prosecutors served him with a fresh arrest warrant on April 4. "Such misconduct is completely unacceptable, and Nissan is requesting appropriately strict penalties", the Japanese carmaker said. Before Ghosn's latest arrest, he had been out on $9 million bail for 30 days. (more...)
Democratic candidates tackle free college ahead of 2020 Democratic candidates tackle free college ahead of 2020
- April 22, 2019

It also asks states to partner with the federal government to make public two and four-year universities completely tuition-free. The 2020 Democratic presidential candidate hopes to eliminate debt for 42 million Americans by cancelling up to $50,000 in student loan debt for every person with a "household income under $100,000", according to her Medium post Monday. (more...)
Iowa unemployment rate remains 3rd lowest in U.S. Iowa unemployment rate remains 3rd lowest in U.S.
- April 22, 2019

Year-over-year, employment also increased by 14,700 jobs, with educational and health services once again reporting the largest gain with 5,600 jobs. The payroll job count in Los Angeles County rose by 13,000 in March to 4.53 million, paced by slight gains in several sectors, including K-12 education (up a net 4,200 jobs), motion picture/sound recording (up 3,700 jobs) and construction, (up 2,900 jobs). (more...)
China criticizes United States effort to reduce Iran oil sales China criticizes United States effort to reduce Iran oil sales
- April 22, 2019

India, Iran's biggest oil client after China, has nearly halved its Iran oil purchase since November previous year. After renewing sanctions, it granted waivers to eight major buyers for a six-month period, which ends in May. "We certainly aren't looking to grant any exceptions or waivers", Hook said in an interview this month with Kevin Cirilli on Bloomberg Radio's "Sound On". (more...)

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