Money


$10 bln JEDI contract on hold after Trump suggests it favored Amazon $10 bln JEDI contract on hold after Trump suggests it favored Amazon
- August 05, 2019

Amazon's founder and chief executive, Jeff Bezos, also owns the Washington Post. Pentagon spokeswoman Elissa Smith stated Protection Secretary Mark Esper, who assumed his position on July 23, was reviewing accusations of unfairness. Amazon Net Companies and Oracle didn't instantly reply to requests for remark. Final month, 4 Republican lawmakers, together with Mac Thornberry, his social gathering's senior member on the Home of Representatives Armed Companies Committee, despatched a ... (more...)
Trump backs stance on China trade after tariffs — International Business Trump backs stance on China trade after tariffs — International Business
- August 05, 2019

It has already imposed tariffs on $110 billion in American goods, nearly all of the products it imports from the US. A trade war escalation "is not good for oil, but it's probably not quite as bad as we saw yesterday", Confluence Investment Management LLC chief market strategist Bill O'Grady said in St Louis, Missouri. (more...)
Peel Hunt Reaffirms Hold Rating for Majestic Wine (LON:WINE) Peel Hunt Reaffirms Hold Rating for Majestic Wine (LON:WINE)
- August 05, 2019

Liberum Capital cut their target price on Majestic Wine from GBX 500 ($6.53) to GBX 400 ($5.23) and set a "buy" rating for the company in a research report on Friday. "After all, you can not taste wine online". The company said it will use the proceeds to pay off debt, invest in Naked Wines and a £3.8mln return to shareholders via a special dividend. (more...)
Flights cancelled at London Heathrow due to industrial action
- August 04, 2019

The cancelled flights reportedly affect about 30,000 people, representing 7% of the total number of arrivals and departures. Flybe, British Airways, Air Canada, Swiss, Lufthansa, Etihad, Qatar Airways, Aer Lingus, and TAP Air Portugal are among those to have confirmed cancellations. (more...)
Can’t Buy Cryptocurrency with The Apple Card Can’t Buy Cryptocurrency with The Apple Card
- August 04, 2019

This means using the card could potentially get you free (or highly discounted) Apple products like iPhones, MacBooks and etc. Only hardcore Apple fans will most likely buy this card, as a normal one doesn't come with a ton of restrictions . (more...)
Parent Company of Super Break & Late Rooms Goes into Administration Parent Company of Super Break & Late Rooms Goes into Administration
- August 04, 2019

If you made a booking with Super Break for accommodation only, the company chose not to protect those sales with Abta. However, tickets for various attractions and entertainment are no longer valid. "The vast majority of holidaymakers' travel arrangements will be covered through one of a number of different types of financial protection". We want to reassure customers who have a Super Break booking with us that we will take care of them. (more...)
IBM fired as many as 100,000 in recent years: Court case IBM fired as many as 100,000 in recent years: Court case
- August 04, 2019

Last year, the total number of IBM employees had fallen to its lowest point since 2013, with its global workforce down to 350,600 from almost 425,000. This week, Langley filed a response opposing IBM's motion for a summary judgment , asking the court to rule that Langley has no case. The company started firing older workers and replacing them with millennials, who IBM's consulting department said "are generally much more innovative and receptive to technology than baby boomers". (more...)
Ford drops the details on its new 7,3-litre V8 petrol engine Ford drops the details on its new 7,3-litre V8 petrol engine
- August 04, 2019

Despite besting the competition, Ford's number may seem a bit low for such a big displacement engine. As an additional teaser, Ford also states that power numbers for the upgraded 6.7-liter Power Stroke diesel will be announced later this year. (more...)
BA-owner IAG gains on profit rise, outlook despite strike threat BA-owner IAG gains on profit rise, outlook despite strike threat
- August 04, 2019

Interim operating profits at British Airways owner IAG fell to €1bn (£920m) from €1.1bn as passenger revenue rose to €10.6bn from €9.9bn a year earlier, offsetting higher fuel costs. The union has rejected an offer of an 11.5 percent pay increase over three years, an offer that has been recommended by other unions that represent BA staff. (more...)
Forex - US Dollar Falls From Two-Year High Forex - US Dollar Falls From Two-Year High
- August 04, 2019

As Fed Chair Jerome Powell noted that yesterday's move was "not the beginning of a long series of rate cuts" investors were encouraged to pile back into the US Dollar, with confidence in the economic outlook improving. Although the yuan recovered some of the earlier losses, it remained hovering at its softest level since mid-June. He has also announced £2.1bn of extra spending to prepare for a no-deal Brexit . (more...)
Asian shares extend U.S. selloff after Federal Reserve rate cut Asian shares extend U.S. selloff after Federal Reserve rate cut
- August 04, 2019

Underscoring its decision to ease policy across the board, the Fed also said it would stop shrinking its $3.6 trillion in bond holdings starting August 1, two months ahead of schedule. The PBOC also hasn't adjusted its benchmark one-year lending rate - a more powerful tool that governs rates across the entire economy - since 2015. (more...)
Google temporarily stops Assistant audio transcriptions in the EU Google temporarily stops Assistant audio transcriptions in the EU
- August 04, 2019

Google had admitted in July that it uses "language experts" around the world to study small "snippets" of user recordings gained from Google Home smart speakers. A Google spokesperson said it had itself moved to pause "language reviews" while it investigated recent media leaks. Although we kind of knew companies already did this, the report raised grave concerns with consumers and prompted European Union regulators to get involved. (more...)
Trump admin reports another strong monthly jobs report in July Trump admin reports another strong monthly jobs report in July
- August 03, 2019

The Labor Department Friday reported that 164,000 non-farm jobs were added to the economy in July - a bump that was aided by 370,000 new workers entering the labor force. However, it does indicate job growth is slowing and it is not clear that wage growth is picking up steam. As a region, Greater Springfield had better numbers with an unemployment rate of 3.9%, up a bit from 3.8% in May but down from 4.6% in June 2018. (more...)
DoorDash to acquire Square's food-ordering platform Caviar for $410m DoorDash to acquire Square's food-ordering platform Caviar for $410m
- August 03, 2019

They deal with the Square . Per the Business Times, Xu and Square CEO Jack Dorsey saw the deal to acquire Caviar as a no-brainer, and when the offer to sell was made by Dorsey, it was a "short conversation", Xu says . "I'm incredibly excited to be joining, with the rest of the Caviar team, to help build the future of local commerce". The acquisition will seemingly be a mixture of money and DoorDash most well liked stock, and is predicted to cease at the pause of this year. (more...)
No-deal Brexit would impair key UK industries -BoE's Carney No-deal Brexit would impair key UK industries -BoE's Carney
- August 03, 2019

It should, however, be noted that the no-deal Brexit fears remain in the spotlight as the United Kingdom policymakers have increased emphasis on preparing for such an event ahead of the parliamentary recess. "Whether they're at the ports, whether they're in the plumbing of the financial system, whether they have to do with personal data, and on and on". (more...)
Canadians hit by Capital One breach to be notified starting next week Canadians hit by Capital One breach to be notified starting next week
- August 03, 2019

Many readers have reached out to learn about the Capital One data breach and how it affects us. Thompson's lawyers didn't respond to a request for comment. "That's why it's so serious". She is believed to have downloaded the information this year by getting behind a misconfigured Capital One firewall meant to protect folders of data that Amazon Web Services was hosting for the bank. (more...)
Entenmann's Little Bites cookies recalled, as they may contain plastic Entenmann's Little Bites cookies recalled, as they may contain plastic
- August 03, 2019

This contaminated variety was sold in every U.S. state except the following thirteen: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Consumers who have purchased the cookies should not consume them but return them to the place of purchase for a full refund. The plastic pieces were not baked into the cookies and no injuries have been reported. (more...)
China no longer top trading partner of US China no longer top trading partner of US
- August 03, 2019

President Donald Trump's threat to impose more tariffs on Chinese imports. The proposed levies triggered a stampede for safe-haven assets, including United States bonds, the yen and gold while the Chinese yuan and the Australian dollar hit multi-month lows. (more...)
You’ll get ‘nowhere near’ the full $125 from Equifax, the FTC says You’ll get ‘nowhere near’ the full $125 from Equifax, the FTC says
- August 03, 2019

But the FTC is arguing that the free credit monitoring option is a great deal because you're getting triple the protection with all three bureaus looking after your credit - and the market value of this option's benefits is hundreds of dollars per year. (more...)
Chick-fil-A Tops Poll as America's Favorite Fast Food Restaurant Chick-fil-A Tops Poll as America's Favorite Fast Food Restaurant
- August 03, 2019

Chick-fil-A received a 79 percent "Composite Loyalty Index" while In-N-Out scored came in at 73 percent. The fast-food chain beat out reigning champion In-N-Out, and took home the top spot on Market Force's Fast Food Market Research Report. (more...)

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