Money


What the Google suspension means for Huawei phone users What the Google suspension means for Huawei phone users
- May 21, 2019

Google's decision to partially cut off Huawei devices from its Android operating system has presented the Chinese tech titan with one of its most dramatic challenges yet: how to keep up with the competition if it can not use the platform that powers almost every other smartphone in the world? The increased sanctions mean that Google will be unable to offer the full version of its Android operating system to future Huawei phones . (more...)
Dressbarn to close all of its 650 stores Dressbarn to close all of its 650 stores
- May 21, 2019

Dressbarn's announcement pushes that total beyond 7,000 stores shuttering, with USA Today reporting the record is 8,139 store closures in 2017. After the news was announced Monday, May 20, 2019, shares of Ascena Retail Group Inc. Dressbarn has ten locations in Iowa . We are still offering the same great customer experience, with even better deals and value. "While the closure of Dressbarn was not inevitable, given the company's dire performance it comes as little surprise that Ascena ... (more...)
Why Kim Kardashian and Kanye West Picked the Perfect Baby Name Why Kim Kardashian and Kanye West Picked the Perfect Baby Name
- May 21, 2019

Posting a picture of a text message she was sent by 41-year-old Kanye which included a picture of their son asleep, Kim - who is also mother to North, five, and Saint, three, whom she carried naturally, and 16-month-old Chicago, who was also born via surrogate - simply wrote: " Psalm West ". (more...)
Jamie Oliver issues emotional statement as restaurant chain collapses Jamie Oliver issues emotional statement as restaurant chain collapses
- May 21, 2019

The administration could mark the end of Oliver's United Kingdom restaurant empire, which began with the opening of Fifteen in London in 2002. His restaurant group also includes Barbecoa, a steakhouse, and Jamie Oliver's Diner. I appreciate how hard this is for everyone affected. Jamie Oliver might be one of the world's most instantly recognisable chefs, with his TV shows beamed right around the world, but that still doesn't guarantee success in the cutthroat world of restaurant ... (more...)
Tata Motors Shares Hit By Jaguar Land Rover Woes, Weak Home Market Tata Motors Shares Hit By Jaguar Land Rover Woes, Weak Home Market
- May 21, 2019

Jaguar Land Rover did post a £269 million pre-tax profit in the final quarter of the financial year covering January-March 2019, although this was reduced to £120 million after redundancy costs, part of its ongoing transformation programme, were taken into account. (more...)
Google suspends some business with Huawei, restricts access to Android updates Google suspends some business with Huawei, restricts access to Android updates
- May 21, 2019

The company had just issued a statement that it will “continue to provide security updates and after-sales services to all existing Huawei and Honor smartphones and tablet products.”. It may be odd to think that Huawei could continue to manufacture Android smartphones after losing their official Android licence, but the operating system's code is actually open source. (more...)
U.S. telecom regulators, Sprint, T-Mobile to agree on deal U.S. telecom regulators, Sprint, T-Mobile to agree on deal
- May 20, 2019

In a blog , T-Mobile CEO John Legere said that the new company, called the New T-Mobile, will "cover 97% of the US population with 5G on low-band spectrum and 75% of the population with 5G on mid-band spectrum" in three years, with an additional focus on using 5G to provide an alternative to traditional home broadband. (more...)
U.S., China bicker over 'extravagant expectations' on trade deal U.S., China bicker over 'extravagant expectations' on trade deal
- May 20, 2019

US Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to Beijing soon to continue negotiations with Chinese counterparts as the world's two biggest economies try to salvage talks aimed at ending their months-long trade war . (more...)
Modi tipped to return to power as India elections end Modi tipped to return to power as India elections end
- May 20, 2019

Polls close at 6.00pm (1230 GMT) in the seventh and final round of voting, ending the world's biggest election with 900 million eligible voters from Goa's beaches to Mumbai's slums and Ladakh's Himalayan monasteries. Traders said the rally may not last as the Indian economy has long term problems. Minorities in India, especially Muslims, who comprise about 14% of India's 1.3 billion people, criticise Modi for his Hindu nationalist agenda. (more...)
Bitcoin (BTC) Price Near Inflection Point: Fresh Increase Likely Bitcoin (BTC) Price Near Inflection Point: Fresh Increase Likely
- May 20, 2019

Lee commented that once the 10000$ line is crossed the FOMO will cause new traders to start seeing Bitcoin as an attractive option. Nevertheless, community players are not giving up. The survey found that 47 percent of institutional investors said digital assets are worth investing in, and the same percentage said they appreciate crypto for being innovative. (more...)
Tesla Model 3 Autopilot was active before deadly collision, federal investigators say Tesla Model 3 Autopilot was active before deadly collision, federal investigators say
- May 20, 2019

The auto collided with a semi-trailer that was crossing the highway to make a left turn and join the northbound lanes. Footage from nearby surveillance cameras and also from the Tesla's front camera shows that the truck slowed down in front of the Tesla and blocked its path. (more...)
Deliveroo picks up $575m in Amazon-led funding Deliveroo picks up $575m in Amazon-led funding
- May 20, 2019

The British food-delivery marketplace faces growing competition from Uber Eats , Just Eat , and Deliveroo amid escalating talk of consolidation in the sector. Perhaps the ecommerce giant wanted to sample a starter before swallowing the whole three course meal. Deliveroo operates in 14 countries. The impact on Just Eat's share price following the announcement of the Amazon-led round in Deliveroo was punishing. (more...)
Easyjet suffers worst winter losses and sees trouble ahead for airlines Easyjet suffers worst winter losses and sees trouble ahead for airlines
- May 20, 2019

Total revenue increased by 7.3% to £2.34bn, though revenue per seat - a key industry metric for determining an airline's profitability - dropped 6.3% to £50.71. "Cost control remains a major priority for easyJet ". Revenue per seat, a measure of pricing, is now expected to be "slightly down", the discount airline said in a statement Friday, after forecasting in April that it would be "slightly up". (more...)
Metro Bank (MTRO) Price Target Lowered to GBX 600 at Berenberg Bank Metro Bank (MTRO) Price Target Lowered to GBX 600 at Berenberg Bank
- May 20, 2019

JPMorgan Chase & Co. cut their target price on Metro Bank from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) and set an "underweight" rating for the company in a research note on Monday, January 21st. The placing was significantly oversubscribed and as a outcome we raised a total of £375m. Metro Bank has paid £13 million in fees to bankers and other advisers for its £375 million capital raising, which it launched after its shares lost three quarters of their value this year. (more...)
Huawei CEO Ren Zhengfei says will not bow to US pressure Huawei CEO Ren Zhengfei says will not bow to US pressure
- May 20, 2019

Huawei is a rapidly expanding leader in 5G technology but remains dependent on foreign suppliers. People in China are calling for a boycott of Apple products after growing tensions between China and the United States led to restrictions targeting Chinese telecom giant Huawei earlier this week. (more...)
Musk to review all of Tesla's expenses in new cost cutting plan Musk to review all of Tesla's expenses in new cost cutting plan
- May 20, 2019

As an engineer at heart, Musk is obsessed with efficiency, which is why he told employees in the same email that Tesla was going to review everything it was spending money on and figure out where it could afford to cut costs. Friday's selling pushed Tesla shares to a low of $217.05 apiece - their lowest level since January 2017. Every expense "no matter how small" is up for review , and this extends to salaries, parts, travel and rent. (more...)
Baidu Posts First Quarterly Loss Since IPO Baidu Posts First Quarterly Loss Since IPO
- May 20, 2019

Analysts polled by FactSet had expected adjusted earnings of 40 cents a share on sales $3.53 billion for the company. "We anticipate online marketing in the near term to face a challenging environment", Chief Financial Officer Herman Yu said in the announcement. (more...)
Luckin, a Starbucks rival in China, rises in US stock debut Luckin, a Starbucks rival in China, rises in US stock debut
- May 20, 2019

The Xiamen-based company sold 33 million American depositary shares at $17 apiece, the higher end of the expected range of $15 to $17. The pricing values Luckin , which is challenging Starbucks in the China market, at about US$4.2 billion. (more...)
Iranians fear country on brink of war Iranians fear country on brink of war
- May 20, 2019

The president appeared to balk this week after reports the Pentagon had floated a plan to send 120,000 American troops to the area to deal with any Iranian aggression. "A war in Iran would make the Iraq war look like a walk in the park". This photo from March 12, 2017, shows a an Iranian oil facility on Kharg Island, on the shore of the Persian Gulf . (more...)
You can now request that your Uber driver kindly shut up You can now request that your Uber driver kindly shut up
- May 20, 2019

Uber said the effort to improve the service was based on feedback form riders, who said they wanted to communicate their preferences to drivers before a trip started. By adding more functions to control drivers as if they were merely extensions of the auto, we're further dehumanising them, and that doesn't bode well for humanity. (more...)

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