Money


Flipkart starting free Video Streaming service to compete against Amazon & Netflix Flipkart starting free Video Streaming service to compete against Amazon & Netflix
- August 07, 2019

According to the PTI report , the video service will be ad-supported. Is Flipkart video streaming service exactly the same as the service provided by Amazon prime video? As per the reports of Money Control , Flipkart is testing its new service in beta mode and likely to launch by September. (more...)
Walmart plans to continue to sell guns, following Texas mass shooting Walmart plans to continue to sell guns, following Texas mass shooting
- August 07, 2019

Two more people died Monday, authorities said. "There are no changes in our policy as it relates to firearm sales". The retail giant sells guns in about half of its 4,750 USA stores, making it one of the nation's largest sellers of firearms and ammunition. (more...)
Barneys files for bankruptcy as it closes most stores Barneys files for bankruptcy as it closes most stores
- August 06, 2019

Iconic American retailer Barneys , know for selling high-end products, filed for Chapter 11 bankruptcy protection on Tuesday. Barneys now operates 13 department stores and nine warehouse stores, but as part of the restructuring plans, the company will be closing stores in Chicago, Las Vegas, and Seattle. (more...)
As Tensions with China Escalate, Stock Market Plunges 767 Points As Tensions with China Escalate, Stock Market Plunges 767 Points
- August 06, 2019

Investors fear that the escalating trade war between the two giant economic powers could do lasting damage to the world economy. Investors in search of safety herded into USA government bonds, which sent yields plunging lower. In Asia, where tensions between Seoul and Tokyo are worsening in a trade dispute entirely separate from Washington's and Beijing's, Japan's Nikkei 225 index fell 1.7%, and South Korea's Kospi lost 2.6%. (more...)
IPhones might get Touch ID again ... in 2021 IPhones might get Touch ID again ... in 2021
- August 06, 2019

You can apply in Apple Wallet and if approved by Goldman Sachs (a process that takes seconds), it's instantly available for use. Though customers can request a physical card for free, an iPhone is required to apply, check statements and pay balances. (more...)
GateHouse to purchase USA Today owner in $1.38B deal GateHouse to purchase USA Today owner in $1.38B deal
- August 06, 2019

The merger deal is "aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation", according to the USA Today report. for $1.4 billion. But newspaper companies have been employing similar corporate machinations in search of a solution for local news for more than a decade, with no end to the industry's problems - particularly in small-town and rural America - in sight. (more...)
China suspends purchase of U.S. farm products after Trump`s tariffs China suspends purchase of U.S. farm products after Trump`s tariffs
- August 06, 2019

China may also impose additional tariffs on U.S. farm products, the Ministry said, raising the barrier to future trade that further targets rural states that supported U.S. "China and the United States are highly complementary in the agricultural sector and the trade of agricultural products is in line with the mutual interests of both sides", said Cong. (more...)
Smoke in Cabin Forces Plane to Make Emergency Landing Smoke in Cabin Forces Plane to Make Emergency Landing
- August 06, 2019

In a statement to Fox News , a spokesperson for British Airways said, "Flight BA422 from Heathrow to Valencia experienced a technical issue on its landing approach into Valencia". "Someone tell us what's going on". Local journalist, Dani Merono, who was on the flight, said: "We are in the airport, waiting for someone to tell us something. (more...)
'Flying car' hovers steadily in test flight by Japanese electronics company NEC 'Flying car' hovers steadily in test flight by Japanese electronics company NEC
- August 06, 2019

The preparations included repeated checks on the machine and reporters were mandated to wear helmets. Japanese IT and networking company NEC has unveiled an electric flying auto prototype, presenting the study as a testbed vehicle for its communications and control technologies that can be used in the development of airborne vehicles, Kyodo News reports . (more...)
China reiterates support for Hong Kong's embattled leader China reiterates support for Hong Kong's embattled leader
- August 06, 2019

Activists disrupted vital rush-hour commuter train service, held multiple rallies, besieged police stations and launched projectiles at the legislature, while the general strike affected dozens of flights at one of the world's busiest airports. (more...)
Gold markets: US-China trade in focus Gold markets: US-China trade in focus
- August 06, 2019

Gold surged 2% on Monday to its highest level in more than six years as a worsening U.S. "Trade tensions between the USA and China are an important factor, the potential for escalation is very high. "All this volatility, development concerns, consistent weak point in financial data will be great sufficient for risk-off atmosphere", stated Benjamin Lu, an expert at Phillip Futures. (more...)
India Services Activity Reverses Course, Surges In July: PMI India Services Activity Reverses Course, Surges In July: PMI
- August 06, 2019

A reading above 50 points marks an expansion in activity, while one below 50 points signals a contraction. Overall, companies saw a solid rebound in new work last month, which was the strongest since September 2018. Meanwhile, the seasonally-adjusted all sector output index - which measures the services, manufacturing and construction sectors together - ticked up to 50.3 in July from 49.2 the month before, with manufacturing and construction both contracting. (more...)
HSBC says CEO John Flint to step down HSBC says CEO John Flint to step down
- August 06, 2019

Bank HSBC on Monday announced the surprise departure of CEO John Flint after just 18 months, saying new leadership was needed amid increasing economic uncertainty, and that it was cutting some 4,000 jobs to reduce costs. "Although not carrying out his day-to-day duties after today, he (Flint) remains available to assist HSBC with the transition", the bank said in a statement. (more...)
Fed's Rosengren sees no clear, compelling case for further rate cuts Fed's Rosengren sees no clear, compelling case for further rate cuts
- August 06, 2019

At issue was one of Wall Street's oldest play books: "Don't fight the Fed ". As widely expected, the US Federal Reserve has decreased its interest rate as a move to provide a stimulus to the US economy. Whether the Fed can still stick to that limited plan is now in question. Still, stocks sank on disappointment he did not indicate more flexibility. (more...)
McDonald's admits 'eco-friendly' paper straws that replaced plastic are not recyclable McDonald's admits 'eco-friendly' paper straws that replaced plastic are not recyclable
- August 05, 2019

McDonald's pulled its plastic straws in September and vowed to use paper ones in all its 1,361 branches across the United Kingdom and Ireland. The chain had pulled its plastic straws in September past year and vowed to use paper ones in all its 1,361 branches across the United Kingdom and Ireland. (more...)
London's Heathrow Airport cancels flights before strike London's Heathrow Airport cancels flights before strike
- August 05, 2019

The airport, Britain's biggest, pre-emptively cancelled 172 flights as last minute talks to avoid the action were being held, according to British newspapers the Telegraph and the Independent. Workers at Heathrow Airport, including security guards, firefighters and engineers, voted by nearly 9-1 to reject a pay offer, says union Unite. A Heathrow Airport spokeswomen said the airport "proactively cancelled" 177 flights to "reduce the number of flights operating" during the "industrial strike ... (more...)
Free supercharging for new Model S and Model X owners returns Free supercharging for new Model S and Model X owners returns
- August 05, 2019

Tesla has not publicly commented on the rationale behind its new charging offer and the timing of the announcement follows a disappointing earnings report in late July. In Australia, that amounted to a new rate of 42 cents per kilowatt, an increase of $7 to completely charge up a 100kWh battery. Of its 95,200 deliveries, just 17,650 were Model S and X vehicles. (more...)
China's Yuan Tumbles Past 7 Per Dollar for First Time Since 2008 China's Yuan Tumbles Past 7 Per Dollar for First Time Since 2008
- August 05, 2019

The abrupt escalation capped a critical week for global markets after the U.S. Federal Reserve delivered a widely anticipated interest rate cut and played down expectations of further easing. However, Fed Chair Jerome Powell said in public remarks earlier this year that USA central bankers "certainly don't target the level of the dollar", and that the Treasury Department "is responsible for exchange rate policy - full stop". (more...)
China hits back at Trump by weakening yuan, halting crop imports China hits back at Trump by weakening yuan, halting crop imports
- August 05, 2019

Headed for its biggest one-day drop in four years, it was last down 1.6% at 7.090 in offshore markets. The yuan's weakness is among a series of US complaints that are fuelling tensions with Washington. The central bank can buy or sell currency - or order commercial banks to do so - to dampen price movements. That helps exporters cope with tariffs of up to 25 per cent imposed by Trump on billions of dollars of Chinese goods. (more...)
Rihanna & Cardi B Urge Trump To Call The Shootings White Supremacist Terrorism Rihanna & Cardi B Urge Trump To Call The Shootings White Supremacist Terrorism
- August 05, 2019

ABC's Jonathan Karl raised Trump's lukewarm response when asked in March whether he thought the spread of white nationalism around the world was a problem. Authorities said the 24-year-old was killed by police less than a minute after he started shooting a.223-caliber rifle into the busy street. The otherwise peaceful community of El Paso, he said, is being targeted simply for fighting against anti-immigrant measures with generosity. (more...)

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