Money


Once a book selling giant, Barnes & Noble sold to hedge fund Once a book selling giant, Barnes & Noble sold to hedge fund
- June 09, 2019

Among the offers was one from Leonard Riggio, Barnes & Noble's founder and chairman. Barnes & Noble said Waterstones, which was bought by Elliott previous year, has successfully restored itself to sales growth and sustainable profitability under Daunt. (more...)
European Central Bank pushes back rate hike again as outlook dims European Central Bank pushes back rate hike again as outlook dims
- June 08, 2019

The Italian will finish his eight-year term at the end of October without once having raised interest rates. But that's slim comfort for banks, whose net interest margins - the difference between the rate at which they borrow and the rate at which they lend - have been squeezed. (more...)
A 360 Degree, Vertigo-Inducing Infinity Pool Is Planned For London A 360 Degree, Vertigo-Inducing Infinity Pool Is Planned For London
- June 08, 2019

The company says the 58,500-gallon pool would be made from " cast acrylic rather than glass, as this material transmits light at a similar wavelength to water so that the pool will look perfectly clear". Getting into and out of the pool would be easy with some kind of external staircase, but the building's designers didn't want to clutter the side profile of the structure with such things. (more...)
Single ticket wins a $530 million jackpot Single ticket wins a $530 million jackpot
- June 08, 2019

The winning numbers were 17, 19, 27, 40, 68 and the Mega number was 2. Seven-time lottery game grand prize victor Richard Lustig tips on his advice to win the Mega Million and Powerball jackpots. That means the jackpot on Tuesday, June 11 will be worth $40 million with a cash option of $26 million. That jackpot came in at $1.5 billion. Mega Millions tickets cost $2 each. (more...)
Oil jumps 2% helped by Falih comment on prices Oil jumps 2% helped by Falih comment on prices
- June 08, 2019

At the time of writing, WTI is trading at around $53.28 per barrel over reports that U.S. may be planning to delay the tariff hikes on Mexican goods. Tradition Energy's market research manager Gene McGillian states that it is quite clear that demand concerns still control the markets, however, some of these fears may have been over-extended. (more...)
Rare earths: Why Europe needs to monitor China’s threat Rare earths: Why Europe needs to monitor China’s threat
- June 08, 2019

The manifestation of Washington's growing concern about securing resources and building supply chains, a federal report released June 4 announces six calls to action, 24 goals and 61 recommendations accompanied by timelines for accomplishment. (more...)
Uber Copter's $200 flights launch in NYC on July 9th Uber Copter's $200 flights launch in NYC on July 9th
- June 08, 2019

Uber isn't the only company offering shared helicopter rides between airports and urban areas: In March, Blade Urban Air Mobility, a short-distance aviation company that operates in select cities on the East and West coasts, debuted Blade Airport , a helicopter service that flies between three private Blade terminals in Manhattan and JFK, LaGuardia Airport and Newark Liberty International Airport. (more...)
FedEx will stop air shipments of packages for Amazon FedEx will stop air shipments of packages for Amazon
- June 08, 2019

In response, Amazon said it respects FedEx's decision and thanked the company for its past role in serving Amazon's customers, according to an emailed statement . "FedEx will focus on more profitable e-commerce customers which should help boost the margin profile within the Express segment over time". Even without Amazon, FedEx sees the potential for significant growth in handling online-shopping deliveries, which FedEx believes will double by 2026. (more...)
Italy's Di Maio says European Union deficit rules must exclude investments Italy's Di Maio says European Union deficit rules must exclude investments
- June 08, 2019

The EU's executive arm made the recommendations as part of its annual review of all member states. And second, it could ignite fears among Italians that the bonds would be the prelude to an exit from the eurozone and lead to a bank run in which anxious savers would move their money outside Italy. (more...)
Oil little changed but demand and oversupply concerns persist Oil little changed but demand and oversupply concerns persist
- June 08, 2019

In particular, United States oil benchmark at 51.68 dollars per barrel plunged over 20 per cent from its April peak to hit the lowest level since January, thus sliding into a bear market territory. But the chief executive of Russian oil giant Rosneft is trying to convince his government not to do another production cut deal with OPEC, saying Moscow will lose market share of its oil to the U.S.by curbing exports. (more...)
Trump to Declare New National Emergency to Impose Tariffs on Mexico Trump to Declare New National Emergency to Impose Tariffs on Mexico
- June 07, 2019

Mexico has already pledged to send about 6,000 National Guard troops to its southern border with Guatemala in a bid to cut off the flow of Central American migrants whose journey to the US's southern border has led to a steep spike in border crossings in recent months. (more...)
China issues 5G licenses to four local firms China issues 5G licenses to four local firms
- June 07, 2019

Earlier this year, China Telecom announced that it had live trialled out 5G in 17 cities. Analysts attribute China's fast progress in 5G technology to Chinese firms' heavy R&D spending, the country's increasingly sound mobile communications industrial chain and an expanding market. (more...)
Toyota and Subaru develop new electric platform Toyota and Subaru develop new electric platform
- June 07, 2019

The tie-up is also meant to play to the strengths of each brand, with Toyota bringing its electrification technologies to the table and Subaru supplying its expertise in all-wheel-drive power transmission. It addition to this, the two Japanese automakers will also use the new EV architecture to develop a new c-segment crossover together, with each brand selling a version of this vehicle. (more...)
The Future Of Tyres Is Here! And Yes, It's Puncture Proof The Future Of Tyres Is Here! And Yes, It's Puncture Proof
- June 07, 2019

But apparently, that's all going to change in 2024, which is when Michelin and GM aim to introduce a version of their "Uptis" tyre (unique puncture-proof tyre system) that sufficiently replicates the characteristics of a normal, air-filled tyre. (more...)
Walmart will deliver groceries to your refrigerator Walmart will deliver groceries to your refrigerator
- June 07, 2019

Much like Amazon's version, InHome Delivery requires that users have Walmart install a smart lock on the outside of their home or garage . That allows shoppers to control access into their home and give them the ability to watch the delivery remotely. (more...)
Walmart CEO Doug McMillon calls on Congress to boost federal minimum wage Walmart CEO Doug McMillon calls on Congress to boost federal minimum wage
- June 07, 2019

But it has precedent: Former CEO Lee Scott said in a 2005 speech that the minimum wage then was "out of date with the times", and said "it is time for Congress to take a responsible look at the minimum wage ". "Walmart can afford to pay its employees a living wage of at least $15 an hour". Target (TGT) has said it will reach that threshold by the end of 2020, while Amazon boosted starting pay for its warehouse workers to $15 an hour previous year. (more...)
National Donut Day 2019 deals in Southwest Virginia National Donut Day 2019 deals in Southwest Virginia
- June 07, 2019

Enjoy a free glazed donut with any purchase at Shipley Do-Nuts locations today from 5 a.m.to 12 p.m. On Friday, Dunkin' will give customers a free classic doughnut with the purchase of any beverage. Hardee's: Use this printable coupon to get free Froot Loop Mini Donuts with any purchase June 7 to 9. Throughout the day, DD will be active on social media to "help fans enjoy some time in celebration and appreciation of donuts with special content". (more...)
Job Growth Scare: Private Payrolls Rise Just 27,000 in May
- June 07, 2019

While the reports are not expected to be identical, the ADP report acts as a directional bias to economist expectations on each report. Since then, the private payrolls count has increased by 21.3 million. The employment picture may face further headwinds in coming months as companies deal with potential supply chain issues and pinched margins amid intensifying tensions with some the United States' largest trading partners. (more...)
China Ready to Resume Talks With US: OK, But Under What Conditions? China Ready to Resume Talks With US: OK, But Under What Conditions?
- June 07, 2019

The U.S. deficit with China has actually been worsening since tariffs were first imposed, Wang said , pointing to a 50% decline in soy bean exports to China and a drop-off in U.S. Concerning their differences and frictions on the economic and trade front, China is willing to work together with the U.S. to find solutions, and to reach a mutually beneficial and win-win agreement. (more...)
RBA's Lowe says more rate cuts could come RBA's Lowe says more rate cuts could come
- June 07, 2019

Today the RBA announced it will drop the official cash rate by 0.25 per cent. The Reserve Bank of Australia has cut the cash rate to a new record low of 1.25 per cent and has hinted at another move if the jobs market does not improve soon. (more...)

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