Monday, 22 July 2019
Latest news
Home » Finance


Tesla makes more cars as revenue jumps


Investors on Wall Street, meanwhile, were anticipating revenue to fall somewhere in the $3.791 billion range and a loss of $2.90 per share. Analysts have suggested that Tesla will need to raise cash to support the Model 3 and other vehicles in the company's pipeline, but Musk reiterated Wednesday that it won't need to seek additional funds. Read More »

Dollar edges lower vs. yen with Bank of Japan decision on tap


Spreadbetters pointed to a dour mood elsewhere, with London's FTSE futures FFIc1 off 0.7 percent and E-Minis for the S&P 500 down 0.3 percent. Most major currencies stuck to narrow trading ranges ahead of central bank decisions. The euro was flat at $1.1652, after gaining modestly on Friday. The Nikkei .N225 turned positive while the dollar gained 0.25 percent against the yen to 111.33 yen JPY= . Read More »

Treasury Department Sanctions Turkish Officials over Detention of U.S. Pastor


White House spokeswoman Sarah Huckabee Sanders said the Trump administration will sanction Turkey's Minister of Justice Abdulhamit Gul and Minister of Interior Suleyman Soylu over the holding of 50-year-old Andrew Craig Brunson. ET. His supporters claim that he's a political prisoner being held as a bargaining chip by Turkey, which is seeking the extradition of Fethullah Gülen, a Muslim cleric blamed for a failed coup. Read More »

Parasite risk in salads and wraps sold at Kroger, Walgreens, Trader Joe's

The products recalled from Trader Joe's include the Caesar salad with chicken, tarragon chicken salad wrap and the Chinese inspired salad with chicken. The affected items were produced between July 15 to 18, and have "Best By", or "Sell By" dates ranging from July 18 to 23. The USDA said it was concerned that "some product may be in consumers' refrigerators and that consumers may be at risk due to the length of the cyclospora incubation period". Read More »

National Avocado Day Is Tuesday And You Can Get Free Guacamole


Why today? The calendar is now riddled with made-up food holidays , and at some point someone decreed that July 31 would henceforth forever be known as National Avocado Day. Enter the 7-digit offer code AVOCADO and proceed to checkout. Meanwhile, Qdoba is taking full advantage of Chipotle's struggles by pointing out they offer free guacamole every day. Read More »

Yemen's Houthis halt Red Sea attacks for two weeks


A statement from the Houthi-controlled defence ministry said later that the movement was halting naval operations for two weeks, starting at midnight (2000 GMT) on 1 August. The threat to shipping comes as Yemeni pro-government troops supported by the Saudi-led Arab coalition have reached the edge of Yemen's biggest port Hodeidah , which is still held by the Houthis. Read More »

Jaguar Land Rover slips into the red


In the June quarter, total domestic sales increased 64% y-o-y basis to 164,579 vehicles. Changes to the way JLR's pension payments are calculated had resulted in a one-time gain of Rs 3,609 crore a year ago. With setbacks in China pinned as the main reason for JLR's first pre-tax loss in three years, continuing uncertainty surrounding Brexit and Britain's post-Brexit trading relationship with Europe, plus setbacks in the diesel market, were also to blame. Read More »

Hundreds Reportedly Get Sick At Ohio Chipotle, Restaurant Closes

Interested in Chipotle? Add Chipotle as an interest to stay up to date on the latest Chipotle news, video, and analysis from ABC News. Public information officer Traci Whittaker said the department was investigating food samples from the outlet, but is still not aware of the pathogen that caused the illnesses. Read More »

Brawl Erupts At McDonald's Over Soda In Free Water Cup [NSFW VIDEO]


Apparently, a customer who ordered a free water wanted to refill it with soda, but the employee said no and shut down the machine to stop the customer from getting it. Some social media users appear to have mistaken Ms Dayag for the customer in the video, prompting protestations of innocence on the part of Ms Dayag. Read More »

China refuses to back down after Trump's tariff 'blackmail'

The new levies would escalate trade tensions with the foreign power and add to a 25 percent tariff already imposed on $34 billion of Chinese imports in July . Mr Trump directed USTR chief Robert Lighthizer to raise the tariff rate to 25 per cent, the people said. A second round of tariffs on products worth $16 billion could take effect as soon as this week, CNN reported. Read More »

Oil falls to around $73 on U.S. inventories, OPEC supply

October Brent crude futures fell $1.34 to settle at $74.21 a barrel. "The oil market will be watching how this develops, given the amount of uncertainty around Iranian oil supply moving forward, as a result of US sanctions", ING said in a note. Read More »

RBI in a tight spot, is expected to raise rates again

The hike in repo rate will fuel the marginal cost based lending rate (MCLR), which has already being moving upwards as many banks have been increasing their MCLR. The repo rate has been hiked from 6.25 per cent to 6.5 per cent. "We have been away from the 4 per cent number for several months now", said RBI Governor Urjit Patel in a press conference after the announcement of RBI Policy. Read More »

Daily Mirror publisher slumps to 113.5 million pounds…


It still believes there are "significant benefits" in the scale of its local digital audiences, with opportunities to grow revenue and profit further ahead. The business - which owns more than 260 regional and national titles including the Daily Mirror and Sunday Mirror - has been hit by a combination of acquisition costs, a slump in ad revenue and an extra £7.5m added to the bill to pay for historical legal claims associated with the 2011 phone hacking scandal. Read More »

Indian central bank raises rates for second time

The repo rate is the rate at which the central bank of the country lends funds to the commercial banks. The six-member monetary policy committee (MPC ) of the Reserve Bank of India ( RBI ) has chose to increase the repo rate by 25 basis points to 6.5% due to inflation concerns. Read More »

Uber folds self-driving trucks division


In this photo from 2016, an Otto engineer sits behind the steering wheel of a self-driving, big-rig truck during a demonstration in San Francisco. TechCrunch noted that Uber ATG will continue looking at ways to tackle autonomous highway driving, and may return to self-driving trucks, but only after it has developed the foundation of the self-driving system. Read More »

Apple stock jumps after earnings beat


Apple's services business, which includes iTunes, Apple Music and iCloud among others, has been growing for years and could become the company's main revenue generator as iPhone sales plateau. Apple's increasingly important Services segment saw revenue of $9.5 billion, up 31% versus $7.2 billion during the same quarter previous year. Apple's biggest selling products do not yet face duties stemming from the US-China trade disputes, but President Donald Trump has threatened hundreds of ... Read More »

British voters want referendum on final Brexit deal — BREXIT


The Sunday Telegraph leads on Brexit, reporting that the Prime Minister has been warned by her own constituency chairman that she must not concede any more ground to the EU. The two main parties are running neck and neck in voting intention figures, with both the Conservatives and Labour on 38 per cent, the Liberal Democrats on 10 per cent and Ukip on 6 per cent. Read More »

Harley Davidson Announces Huge Plans for India; 250-500 CC Bikes Arriving


But apart from that, the American cruiser brand also plans to introduce a new modular 500cc to 1250cc middleweight platform of motorcycles that spans three distinct product spaces and four displacements, starting with the company's first Adventure Touring motorcycle, the Harley-Davidson Pan America 1250, a 1250cc Custom model and a 975cc Streetfighter model, all of which are planned to launch beginning in 2020. Read More »

McDonald's Mints MacCoin to Mark Big Mac's 50th Anniversary


McDonalds eaters can grab the coins this week from any McDonalds store in America to spend on a free BigMac burger. The hope is that the 50,000 coins up for grabs in Canada, and another 6,150,000 in 49 more countries around the globe, will begin to circulate quickly and be seen as one of the QSR's biggest global PR activations to date, adds Grachnik. Read More »

Elon Musk's latest offering: $1,500 Tesla surfboards


Tesla uses a "mix of the same high-quality matte and gloss finishes used on all our cars". Each surfboard is made to order, reinforced with lightweight "Black Dart" carbon fiber, which is a nod to Tesla auto interiors. Tesla is a company known for various "green" products, such as electric cars, solar roof tiles, battery packs for the home, and so on. Tesla may have finally got its Model 3 production problems under control, but the auto - despite being more affordable than its Model S ... Read More »

Why Netflix, Google and LinkedIn are rallying to employ a homeless man


Casarez graduated from Texas A&M and has three years of software development experience, according to his resume, reported KRON. David Casarez , a 26-year-old web developer, had been standing on the median of a highway in Mountain View, California, on Friday dressed in a suit and carrying a handmade cardboard sign-but instead of begging for money, he was begging for a chance at success. Read More »

‘Smelly Socks’ Odor Diverts Spirit Airlines Flight


Others feared it was coming from a chemical on the aircraft. The flight took off from Laguardia Airport in NY at 8:43 p.m. EDT Thursday night and was scheduled to land in Florida at 11:31 p.m. " The plane is all clear ". "We apologize for the inconvenience this diversion has caused", Spirit said. Spirit Airlines said the source of the smell is under investigation. Read More »

U.S. stocks close higher amid earnings


The S&P 500 index fell 8 points, or 0.3 per cent, to 2,827. The Dow Jones industrial average was up 25.85 points to 25,552.92. The Russell 2000 index of smaller-company stocks picked up 6 points, or 0.4 percent, to 1,691. OIL: Benchmark U.S. crude rose 6 cents to $69.36 per barrel in NY. Brent crude, used to price global oils, gained 13 cents to $75.25. The August gold contract was down $2.70 to US$1,223.00 an ounce and the September copper contract fell two cents to US$2.80 a pound. Read More »

European Union and US Turn Down the Trade Heat — Surprise Deal Struck


European Commission chief Jean-Claude Juncker on Friday said it was US President Donald Trump who initiated their unexpected kiss on the cheek this week, setting the mood for a meeting that led to a surprise deal to ease trade tensions. It will be pieces that we agree over time, and I think we're making a lot of progress. "I don't know. Let's see whether this will be the case or not", she said. Read More »

Disney's Acquisition of Fox Approved by Shareholders


Disney's attempt to acquire Fox , with its valuable storehouse of films like Avatar and television shows like The Simpsons , began in December with a $52.4 billion offer of Disney stock. Fox will keep the Fox network, Fox News Channel and Fox Business Network, as well as sports networks FS1, FS2 and Big Ten Network, and its 28 local TV stations. Read More »

Facebook is sued after stock plunge 'shocked' market


Facebook and its CEO Mark Zuckerberg are facing a lawsuit over his company's historic stock market plunge where it lost close to US$120bn in a single day, the most in U.S. "A lot of value investors might jump in and support the stock at these levels ... it's probably a good buying opportunity for a long-term investor, but I wouldn't be jumping in with both feet today", he said. Read More »

Intel reveals 'data-centric' chip focus as results slow


Earlier, they had closed at $52.16 in NY, leaving them up 13 percent this year. Whether investors are overreacting is up for debate-Intel's Data Center Group (DCG) increased its revenue by 27 percent year-over-year to $5.5 billion, coming up just short of what analysts were expecting. Read More »

Japan's oldest woman dies aged 117


She was also the second oldest person in the world (after the 117-year-old Japanese woman Chiyo Miyako). According to family starosielce Chiyo was very kind and sociable person. Guinness keeps track of the world's oldest people, although there are some disputes over whether the titles are always given to the right people. Japanese women have the world's highest life expectancy of 87, while the men's life expectancy is in the world's top 10, according to the World Health Organization. Read More »