Markets
Lyft buys Motivate, firm behind Biketown, Citi Bike
- July 03, 2018
Motivate operates New York's Citi Bike and other bikeshare services across the country. In a Monday blog post, Lyft announced it had reached an agreement to acquire Motivate, a bike-sharing company that operates the Citi Bike program in NY and Ford GoBike in San Francisco. (more...)
- July 03, 2018
Motivate operates New York's Citi Bike and other bikeshare services across the country. In a Monday blog post, Lyft announced it had reached an agreement to acquire Motivate, a bike-sharing company that operates the Citi Bike program in NY and Ford GoBike in San Francisco. (more...)
European Union 'possibly as bad as China' on trade with US, Trump says
- July 03, 2018
Trump's government is threatening to raise tariffs for EU-made cars to 20% to "rebalance" the EU's 10% tariff on cars imported into its region. The EU sent comments to the US for consideration in the Department of Commerce investigation into whether auto imports pose enough of a threat to USA national security to justify tariffs and estimating the economic impact. (more...)
- July 03, 2018
Trump's government is threatening to raise tariffs for EU-made cars to 20% to "rebalance" the EU's 10% tariff on cars imported into its region. The EU sent comments to the US for consideration in the Department of Commerce investigation into whether auto imports pose enough of a threat to USA national security to justify tariffs and estimating the economic impact. (more...)
European Union warns USA of boomerang effect if Trump imposes vehicle levies
- July 03, 2018
Last week, the president increased his threats, suggesting a 20 percent tariff on auto imports. The U.S. and China , the world's two largest economies, are set to impose tariffs on billions of dollars of each other's products starting Friday. (more...)
- July 03, 2018
Last week, the president increased his threats, suggesting a 20 percent tariff on auto imports. The U.S. and China , the world's two largest economies, are set to impose tariffs on billions of dollars of each other's products starting Friday. (more...)
HTC to lay off 1500 employees from Taiwanese factories
- July 03, 2018
This time, workers at an HTC manufacturing unit in Taiwan are out, and not as part of any mutually advantageous agreement. Losses of Tw$9.8 billion in the last three months of 2017 represented its worst ever quarterly results. The first quarter results, which ended an 11-quarter losing streak, were boosted, however, by a deal in which the company sold its smartphone ODM assets to Google previous year. (more...)
- July 03, 2018
This time, workers at an HTC manufacturing unit in Taiwan are out, and not as part of any mutually advantageous agreement. Losses of Tw$9.8 billion in the last three months of 2017 represented its worst ever quarterly results. The first quarter results, which ended an 11-quarter losing streak, were boosted, however, by a deal in which the company sold its smartphone ODM assets to Google previous year. (more...)
Amazon's July 16 Prime Day will spill over into second day
- July 03, 2018
Here are all the details! AMAZON'S largest annual sales event, Prime Day, will launch in Singapore for the first time this year. Amazon Prime is a significant part of the company's expansion drive, and earlier this year founder and CEO Jeff Bezos announced in a letter to shareholders that Prime membership had exceeded 100 million. (more...)
- July 03, 2018
Here are all the details! AMAZON'S largest annual sales event, Prime Day, will launch in Singapore for the first time this year. Amazon Prime is a significant part of the company's expansion drive, and earlier this year founder and CEO Jeff Bezos announced in a letter to shareholders that Prime membership had exceeded 100 million. (more...)
Halting Iranian oil export is an illusion: Jahangiri
- July 03, 2018
The official warned countries including China and India, who are key buyers of Iranian oil , that they should stop purchasing crude from the country before the November deadline or face USA sanctions. Trump's suggestion means he wants Riyadh to increase production to 12 million bpd - something the kingdom has never done in the past. Trump warned at the time that other nations would face sanctions unless they stopped trading with Iran. (more...)
- July 03, 2018
The official warned countries including China and India, who are key buyers of Iranian oil , that they should stop purchasing crude from the country before the November deadline or face USA sanctions. Trump's suggestion means he wants Riyadh to increase production to 12 million bpd - something the kingdom has never done in the past. Trump warned at the time that other nations would face sanctions unless they stopped trading with Iran. (more...)
Axios: Trump Bill Would Give Him Unilateral Power to Ignore WTO Rules
- July 03, 2018
Axios reported on Sunday about a "stunning" piece of legislation that has been drafted up by the White House - but it's the acronym of the proposed bill that has caught the attention of Twitter. White House aides who President Trump ordered to draw up a bill to have the nation get around WTO trading rules came up with an odious response: the FART Act. (more...)
- July 03, 2018
Axios reported on Sunday about a "stunning" piece of legislation that has been drafted up by the White House - but it's the acronym of the proposed bill that has caught the attention of Twitter. White House aides who President Trump ordered to draw up a bill to have the nation get around WTO trading rules came up with an odious response: the FART Act. (more...)
Dell Is Going Public Again in $21.7 Billion Deal
- July 03, 2018
VMWare's board of directors (remember, Dell acquired EMC for $67 billion in 2015) has voted to declare an $11 billion cash dividend pro rata to all VMWare stockholders. The stock was up 10 percent at $93 in morning trading, while VMware shares rose 7.2 percent to $157.56. The deal will need the approval of shareholders who own the tracking stock. (more...)
- July 03, 2018
VMWare's board of directors (remember, Dell acquired EMC for $67 billion in 2015) has voted to declare an $11 billion cash dividend pro rata to all VMWare stockholders. The stock was up 10 percent at $93 in morning trading, while VMware shares rose 7.2 percent to $157.56. The deal will need the approval of shareholders who own the tracking stock. (more...)
Lakers agree to deals with Stephenson, McGee, Caldwell-Pope
- July 03, 2018
However, as free agency opened last night, George pulled the shock move to stay in Oklahoma City without even taking a meeting with another team, not even the Lakers . "When you have a goal and you're able to accomplish that goal, it actually, for me personally, made me even more hungry to continue to try to win championships", James said after the last loss. (more...)
- July 03, 2018
However, as free agency opened last night, George pulled the shock move to stay in Oklahoma City without even taking a meeting with another team, not even the Lakers . "When you have a goal and you're able to accomplish that goal, it actually, for me personally, made me even more hungry to continue to try to win championships", James said after the last loss. (more...)
Riyadh coy as Trump says Saudi king agrees to raise oil output
- July 02, 2018
Refiners tend to buy only when lower US demand from events such as refinery maintenance drives down USA oil prices. "Russian Federation could increase its output by 300,000 bpd, while others [Kuwait, the UAE and Iraq] increase by 300,000 bpd", Iradian said . (more...)
- July 02, 2018
Refiners tend to buy only when lower US demand from events such as refinery maintenance drives down USA oil prices. "Russian Federation could increase its output by 300,000 bpd, while others [Kuwait, the UAE and Iraq] increase by 300,000 bpd", Iradian said . (more...)
European Union warns Trump: auto tariffs could lead to $300B retaliation
- July 02, 2018
The commission said "up to $294 billion of United States exports. could be subject to countermeasures across sectors of the U.S. economy", which was equivalent to a staggering 19 percent of total USA exports in 2017. These companies support 120,000 direct and indirect USA jobs in plants across the country, the European Union said, pointing to sites in South Carolina, Alabama, Mississippi and Tennessee - southern U.S. (more...)
- July 02, 2018
The commission said "up to $294 billion of United States exports. could be subject to countermeasures across sectors of the U.S. economy", which was equivalent to a staggering 19 percent of total USA exports in 2017. These companies support 120,000 direct and indirect USA jobs in plants across the country, the European Union said, pointing to sites in South Carolina, Alabama, Mississippi and Tennessee - southern U.S. (more...)
Axios: Trump privately says he wants to withdraw from WTO
- July 02, 2018
The source added that Trump has frequently told his advisors, "We always get f--ed by them [the WTO]". Axios said a pullout from the WTO would require Congressional approval. Analysts warned that a U.S. exit from the organisation could cause chaos, casting trillions of dollars of trade into doubt. The White House press office did not immediately respond to a request for comment, and neither did the U.S. (more...)
- July 02, 2018
The source added that Trump has frequently told his advisors, "We always get f--ed by them [the WTO]". Axios said a pullout from the WTO would require Congressional approval. Analysts warned that a U.S. exit from the organisation could cause chaos, casting trillions of dollars of trade into doubt. The White House press office did not immediately respond to a request for comment, and neither did the U.S. (more...)
GM warns on vehicle tariffs: Customers will feel impact
- July 02, 2018
Last month, the Trump administration said it was considering imposing a 25% tariff on imported cars. In their letter to the Commerce Department, automakers warn, "A 25-percent tariff on imported vehicles and vehicle components would result in a 1.5 percent decline in production and cause 195,000 US workers to lose jobs over a 1- to 3-year period or possibly longer, according to the Peterson Institute for International Economics. (more...)
- July 02, 2018
Last month, the Trump administration said it was considering imposing a 25% tariff on imported cars. In their letter to the Commerce Department, automakers warn, "A 25-percent tariff on imported vehicles and vehicle components would result in a 1.5 percent decline in production and cause 195,000 US workers to lose jobs over a 1- to 3-year period or possibly longer, according to the Peterson Institute for International Economics. (more...)
Iran Invites Private Companies To Export Crude
- July 02, 2018
Also weighing on oil demand are trade disputes between the United States and other major economies including China , the European Union, India and Canada. Oil prices rose last week on worries that USA sanctions against Iran would take away significant volumes of crude oil from world markets while oil demand worldwide increases . (more...)
- July 02, 2018
Also weighing on oil demand are trade disputes between the United States and other major economies including China , the European Union, India and Canada. Oil prices rose last week on worries that USA sanctions against Iran would take away significant volumes of crude oil from world markets while oil demand worldwide increases . (more...)
Tesla spikes after hitting Model 3 production goal hours after self-imposed deadline
- July 02, 2018
The 5,000th vehicle finished final quality checks at the Fremont, California factory and was ready to go around 5am local time, one person said. The milestone - originally set for Christmas 2017 - was marked in a company-wide email sent by Tesla CEO Elon Musk, and reportedly seen by Reuters , after the 5,000th of the Model 3 EVs passed final quality checks at the Fremont, California factory at around 5am Sunday (US time). (more...)
- July 02, 2018
The 5,000th vehicle finished final quality checks at the Fremont, California factory and was ready to go around 5am local time, one person said. The milestone - originally set for Christmas 2017 - was marked in a company-wide email sent by Tesla CEO Elon Musk, and reportedly seen by Reuters , after the 5,000th of the Model 3 EVs passed final quality checks at the Fremont, California factory at around 5am Sunday (US time). (more...)
Man overboard found 22 hours later by another cruise ship
- July 02, 2018
A spokesperson for Carnival Cruise Line - the owners of Norwegian Getaway - described the man's survival as "miraculous". Carnival said a member of its crew spotted the man in the water and the ship turned around, lowered a life boat and rescued the overboard employee. (more...)
- July 02, 2018
A spokesperson for Carnival Cruise Line - the owners of Norwegian Getaway - described the man's survival as "miraculous". Carnival said a member of its crew spotted the man in the water and the ship turned around, lowered a life boat and rescued the overboard employee. (more...)
Trump urges Saudis to raise oil output ‘by two million barrels’
- July 02, 2018
In a statement issued Saturday night, the White House did not specify that Saudi Arabia would increase production but that "King Salman affirmed that the Kingdom maintains a two million barrel per day spare capacity, which it will prudently use if and when necessary to ensure market balance and stability , and in coordination with its producer partners, to respond to any eventuality". (more...)
- July 02, 2018
In a statement issued Saturday night, the White House did not specify that Saudi Arabia would increase production but that "King Salman affirmed that the Kingdom maintains a two million barrel per day spare capacity, which it will prudently use if and when necessary to ensure market balance and stability , and in coordination with its producer partners, to respond to any eventuality". (more...)
Amazon Wants the Whole Package in Delivery
- July 02, 2018
It's also trying to figure out how to move merchandise directly from merchants to consumers to avoid overwhelming its own warehouses with inventory, according to documents reviewed by Bloomberg.While Amazon has long relied on the US Postal Service , United Parcel Service and FedEx , it has also sought more control over the logistics of package delivery, using its own technology and data-crunching abilities, as well as facilities and transport, to move packages more efficiently. (more...)
- July 02, 2018
It's also trying to figure out how to move merchandise directly from merchants to consumers to avoid overwhelming its own warehouses with inventory, according to documents reviewed by Bloomberg.While Amazon has long relied on the US Postal Service , United Parcel Service and FedEx , it has also sought more control over the logistics of package delivery, using its own technology and data-crunching abilities, as well as facilities and transport, to move packages more efficiently. (more...)
Millions of US Adidas customers being alerted of data breach
- July 01, 2018
Adidas is the latest brand to face a cyber attack after an unauthorized party was apparently able to access private customer information. The athletic-wear company alerted customers on Thursday about a possible data breach on its US website. (more...)
- July 01, 2018
Adidas is the latest brand to face a cyber attack after an unauthorized party was apparently able to access private customer information. The athletic-wear company alerted customers on Thursday about a possible data breach on its US website. (more...)
New data breach may have exposed info on every U.S. citizen
- July 01, 2018
Exactis' databases appeared in the results, and it wasn't protected by any firewall, so Troia was able to gain access to the company's records. If the numbers on Exactis' website are correct, this could potentially be one of the largest data security breaches in some time, beating the Equifax breach of past year and the recent Cambridge Analytica scandal which saw the private info of 87 million Facebook users allegedly left vulnerable. (more...)
- July 01, 2018
Exactis' databases appeared in the results, and it wasn't protected by any firewall, so Troia was able to gain access to the company's records. If the numbers on Exactis' website are correct, this could potentially be one of the largest data security breaches in some time, beating the Equifax breach of past year and the recent Cambridge Analytica scandal which saw the private info of 87 million Facebook users allegedly left vulnerable. (more...)
Latest news
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