Markets
Concept This Is Cadillac's New Electric Crossover
- January 14, 2019
The look at the brand's first battery-electric vehicle came as part of the 2019 Detroit auto-show debut for the 2020 Cadillac XT6 , a three-row crossover utility vehicle powered by a very conventional 3.6-liter V-6 gasoline engine. The company plans to release a new model every six months through 2021. But, other body styles will follow this crossover, and in short succession too - aforementioned flexibility means each future EV will have a short design and development time. (more...)
- January 14, 2019
The look at the brand's first battery-electric vehicle came as part of the 2019 Detroit auto-show debut for the 2020 Cadillac XT6 , a three-row crossover utility vehicle powered by a very conventional 3.6-liter V-6 gasoline engine. The company plans to release a new model every six months through 2021. But, other body styles will follow this crossover, and in short succession too - aforementioned flexibility means each future EV will have a short design and development time. (more...)
California’s Largest Utility Plans Bankruptcy As CEO Makes For The Exit
- January 14, 2019
The California Public Utilities Commission is considering breaking up the power company. Experts who follow the company say PG&E's total liability could be as much as $ 30 billion . As crews continue to search for victims for the devastating Camp Fire , a political firestorm is brewing over whether climate change or resource mismanagement is to blame; Bob Deans, director of strategic engagement at the Natural Resources Defense Council, and Jonathan Wood, Pacific Legal Foundation ... (more...)
- January 14, 2019
The California Public Utilities Commission is considering breaking up the power company. Experts who follow the company say PG&E's total liability could be as much as $ 30 billion . As crews continue to search for victims for the devastating Camp Fire , a political firestorm is brewing over whether climate change or resource mismanagement is to blame; Bob Deans, director of strategic engagement at the Natural Resources Defense Council, and Jonathan Wood, Pacific Legal Foundation ... (more...)
SpaceX Announces Plan to Lay Off 10 Percent of Its Workforce
- January 14, 2019
The latest version of the BFR design, now dubbed Starship and Super Heavy . "This means we must part ways with some talented and hardworking members of our team ", the company said. Starship, the forward-looking concept thought to be the future of the company's space exploration ambitions, has appeared in brief teases as it slowly inches its way towards testing. (more...)
- January 14, 2019
The latest version of the BFR design, now dubbed Starship and Super Heavy . "This means we must part ways with some talented and hardworking members of our team ", the company said. Starship, the forward-looking concept thought to be the future of the company's space exploration ambitions, has appeared in brief teases as it slowly inches its way towards testing. (more...)
Oil price falls 1% on indecisive US-China trade talks, rising stocks
- January 14, 2019
Shares rose Taiwan, Singapore and Malaysia but fell in the Philippines. The Dow Jones Industrial Average . DJI rose 169 points, or 0.71 percent, to 23,956.45, the S&P 500 . CHINESE INFLATION: On Thursday, China released consumer and producer inflation figures that missed the mark. "The pessimism of market participants at the end of the year was excessive, and so we expected prices to rise", said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. (more...)
- January 14, 2019
Shares rose Taiwan, Singapore and Malaysia but fell in the Philippines. The Dow Jones Industrial Average . DJI rose 169 points, or 0.71 percent, to 23,956.45, the S&P 500 . CHINESE INFLATION: On Thursday, China released consumer and producer inflation figures that missed the mark. "The pessimism of market participants at the end of the year was excessive, and so we expected prices to rise", said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. (more...)
PC shipments declined in 2018 for 7th consecutive year
- January 13, 2019
The firm expects demand to pick up again in 2019 once CPUs become more readily available. For the year, 2018 PC shipments surpassed 259.4 million units, a 1.3% decline from 2017. According to a quarterly report by IDC , traditional PC shipments, including desktop, notebook, and workstation, totalled just over 68.1 million units in the fourth quarter, a year-over-year decline of 3.7 percent. (more...)
- January 13, 2019
The firm expects demand to pick up again in 2019 once CPUs become more readily available. For the year, 2018 PC shipments surpassed 259.4 million units, a 1.3% decline from 2017. According to a quarterly report by IDC , traditional PC shipments, including desktop, notebook, and workstation, totalled just over 68.1 million units in the fourth quarter, a year-over-year decline of 3.7 percent. (more...)
You Can Now Buy a 27-Pound Bucket of Mac and Cheese
- January 13, 2019
He was here the day it arrived. You can't mess it up. "Honestly, I was expecting something that tasted disgusting". To start, the big ass bucket is not full of pre-made mac and cheese that you scoop out cafeteria style. The product, according to the company's website , has been on the market for several years but only recently became "out of stock". Costco does not appear to have commented on when it will be back in stock, but anyone interested in ordering may want to check back with ... (more...)
- January 13, 2019
He was here the day it arrived. You can't mess it up. "Honestly, I was expecting something that tasted disgusting". To start, the big ass bucket is not full of pre-made mac and cheese that you scoop out cafeteria style. The product, according to the company's website , has been on the market for several years but only recently became "out of stock". Costco does not appear to have commented on when it will be back in stock, but anyone interested in ordering may want to check back with ... (more...)
Ocasio-Cortez Campaign Fined for Shorting Staffers on Worker's Comp Coverage
- January 13, 2019
According to the NYDN, a "Democratic campaign veteran scoffed that "it's not a great look" for Ocasio-Cortez that her campaign received a fine for not carrying workers' compensation coverage". "Some moderate Democrats have privately raised concerns that they'll be targeted by the former bartender-turned-progressive icon, whose willingness to challenge her party's establishment propelled her to Congress and the national spotlight", Politico said. (more...)
- January 13, 2019
According to the NYDN, a "Democratic campaign veteran scoffed that "it's not a great look" for Ocasio-Cortez that her campaign received a fine for not carrying workers' compensation coverage". "Some moderate Democrats have privately raised concerns that they'll be targeted by the former bartender-turned-progressive icon, whose willingness to challenge her party's establishment propelled her to Congress and the national spotlight", Politico said. (more...)
AT&T, T-Mobile And Verizon Vow To Stop Selling Location Data 01/14/2019
- January 13, 2019
AT&T and T-Mobile are suspending their sales of customer data to third-parties, following a Motherboard investigation that revealed how such sales trickle down to potentially unsafe consequences. Sen. Mark Warner , D-Va., who has criticized the privacy practices of Facebook and other companies that collect massive quantities of user data, said the report highlights how customers and policymakers "have been kept in the dark" about the ways personal information is gathered, repackaged and ... (more...)
- January 13, 2019
AT&T and T-Mobile are suspending their sales of customer data to third-parties, following a Motherboard investigation that revealed how such sales trickle down to potentially unsafe consequences. Sen. Mark Warner , D-Va., who has criticized the privacy practices of Facebook and other companies that collect massive quantities of user data, said the report highlights how customers and policymakers "have been kept in the dark" about the ways personal information is gathered, repackaged and ... (more...)
Nissan China chief Jose Munoz resigns amid broadened Ghosn probe
- January 13, 2019
On Tuesday, Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, told a Tokyo court he was innocent , in his first public appearance since his November 19 arrest. The arrest and detention of Ghosn, who remains CEO and chairman of Nissan's capital alliance partner Renault SA, has sparked global criticism of Japan's justice system, which effectively allows a suspect to be held indefinitely and questioned without a lawyer present. (more...)
- January 13, 2019
On Tuesday, Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, told a Tokyo court he was innocent , in his first public appearance since his November 19 arrest. The arrest and detention of Ghosn, who remains CEO and chairman of Nissan's capital alliance partner Renault SA, has sparked global criticism of Japan's justice system, which effectively allows a suspect to be held indefinitely and questioned without a lawyer present. (more...)
2019 iPhones: Three new handsets, one with a triple-rear-camera setup
- January 13, 2019
Federal Trade Commission on Friday. Apple has not officially disclosed its plans to release three new models in 2019. While sales of the iPhone XR have reportedly been sluggish and WSJ says Apple isn't too keen on the prospect of releasing another entry-level iPhone, it may be too late for the company to switch up its plans. (more...)
- January 13, 2019
Federal Trade Commission on Friday. Apple has not officially disclosed its plans to release three new models in 2019. While sales of the iPhone XR have reportedly been sluggish and WSJ says Apple isn't too keen on the prospect of releasing another entry-level iPhone, it may be too late for the company to switch up its plans. (more...)
Google tried to cover up sexual misconduct, alleges shareholder
- January 13, 2019
Shareholders have filed lawsuits against Alphabet , the parent company of Google , over allegations that the firm covered up claims of sexual misconduct against some of its top executives. As Ellen Winick Stross , a member of Rubin's legal team told Reuters : "like much of the recent media coverage, mischaracterises Andy's departure from Google and sensationalises claims made about Andy by his ex-wife". (more...)
- January 13, 2019
Shareholders have filed lawsuits against Alphabet , the parent company of Google , over allegations that the firm covered up claims of sexual misconduct against some of its top executives. As Ellen Winick Stross , a member of Rubin's legal team told Reuters : "like much of the recent media coverage, mischaracterises Andy's departure from Google and sensationalises claims made about Andy by his ex-wife". (more...)
SpaceX will lay off 10 percent of its staff to fund projects
- January 13, 2019
In an email written by President Gwynne Shotwell obtained by The LA Times , employees were informed of the cuts and told "this was a very hard but necessary decision". The Starship is SpaceX's new class of super-heavy launch vehicle that will replace the company's current crop of products, and will allow for potential missions around the Moon and to Mars. (more...)
- January 13, 2019
In an email written by President Gwynne Shotwell obtained by The LA Times , employees were informed of the cuts and told "this was a very hard but necessary decision". The Starship is SpaceX's new class of super-heavy launch vehicle that will replace the company's current crop of products, and will allow for potential missions around the Moon and to Mars. (more...)
Jeff Bezos Reportedly Sexted, Sent 'D*ckpics' to His Mistress Behind Wife's Back
- January 12, 2019
Later in the day, the National Enquirer - whose chairman and chief executive, David Pecker , has been a close Trump ally - reported that Bezos has been having a relationship with Lauren Sanchez , a former TV anchor and helicopter pilot and the wife of Hollywood talent agent Patrick Whitesell . (more...)
- January 12, 2019
Later in the day, the National Enquirer - whose chairman and chief executive, David Pecker , has been a close Trump ally - reported that Bezos has been having a relationship with Lauren Sanchez , a former TV anchor and helicopter pilot and the wife of Hollywood talent agent Patrick Whitesell . (more...)
Ex-Nissan chairman Carlos Ghosn indicted, may remain in jail for months
- January 12, 2019
One of his lawyers later conceded that Ghosn could spend a further six months behind bars before his case comes to trial. On Tuesday, Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, told a Tokyo court he was innocent , in his first public appearance since his November 19 arrest. (more...)
- January 12, 2019
One of his lawyers later conceded that Ghosn could spend a further six months behind bars before his case comes to trial. On Tuesday, Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, told a Tokyo court he was innocent , in his first public appearance since his November 19 arrest. (more...)
Ford's cost-cutting plans 'could lead to 1000 job losses at Bridgend'
- January 12, 2019
While the company confirmed it plans to take action, it didn't offer specifics, particularly how many jobs cuts can be expected. Armstrong believes Ford will soon have "a significantly stronger and more focused product line-up" capable of delivering sustainable profits. (more...)
- January 12, 2019
While the company confirmed it plans to take action, it didn't offer specifics, particularly how many jobs cuts can be expected. Armstrong believes Ford will soon have "a significantly stronger and more focused product line-up" capable of delivering sustainable profits. (more...)
Apple cuts revenue over poor sales of iphone in China
- January 12, 2019
A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. The company even allowed iPhone users to turn the throttling off if they so desired. Cook said Apple's revenue for the October-December quarter-including the crucial holiday shopping season-will fall well below the company's earlier projections and those of analysts, whose estimates sway the stock market. (more...)
- January 12, 2019
A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. The company even allowed iPhone users to turn the throttling off if they so desired. Cook said Apple's revenue for the October-December quarter-including the crucial holiday shopping season-will fall well below the company's earlier projections and those of analysts, whose estimates sway the stock market. (more...)
In China, Elon Musk Felt the Love That Was Missing at Home
- January 12, 2019
During the meeting, Musk expressed his affection for China , with Li responding by saying he could be granted permanent residency. Musk was in China for the ground-breaking of Tesla's first overseas factory, which will allow it to sell vehicles directly in the world's largest market for electric vehicles. (more...)
- January 12, 2019
During the meeting, Musk expressed his affection for China , with Li responding by saying he could be granted permanent residency. Musk was in China for the ground-breaking of Tesla's first overseas factory, which will allow it to sell vehicles directly in the world's largest market for electric vehicles. (more...)
Jeff Bezos-Wife’s Divorce to be Most Expensive Change of Heart?
- January 12, 2019
In 2013, MacKenzie Bezos told Vogue Magazine that she had met Jeff when he interviewed her for a job at a hedge fund in NY. MacKenzie Bezos, a novelist, is often cited in the Amazon origin story as having supported her husband's move off of Wall Street and into e-commerce. (more...)
- January 12, 2019
In 2013, MacKenzie Bezos told Vogue Magazine that she had met Jeff when he interviewed her for a job at a hedge fund in NY. MacKenzie Bezos, a novelist, is often cited in the Amazon origin story as having supported her husband's move off of Wall Street and into e-commerce. (more...)
TSA union holds rally at Atlanta's airport
- January 12, 2019
The National Air Traffic Controllers Association named Trump and several FAA officials as defendants and claimed the administration is "depriving (air traffic controllers) of their hard-earned compensation without the "requisite due process". (more...)
- January 12, 2019
The National Air Traffic Controllers Association named Trump and several FAA officials as defendants and claimed the administration is "depriving (air traffic controllers) of their hard-earned compensation without the "requisite due process". (more...)
Toyota Recalls 1.7 Million Vehicles To Fix Air Bags
- January 12, 2019
They were made with ammonium nitrate and are prone to exploding upon deployment, which can send flaming shrapnel at passengers-a potentially deadly situation. That's why inflators in the South along the Gulf of Mexico pose the greatest risks, according to the AP. Dealers will either replace the inflator or the air bag assembly. (more...)
- January 12, 2019
They were made with ammonium nitrate and are prone to exploding upon deployment, which can send flaming shrapnel at passengers-a potentially deadly situation. That's why inflators in the South along the Gulf of Mexico pose the greatest risks, according to the AP. Dealers will either replace the inflator or the air bag assembly. (more...)
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Stocks rise on jobs data; S&P 500 ends week with solid gain