Markets
GAP Will Be Closing 230 Store Locations Over The Next Two Years
- March 01, 2019
The 230 closures will mainly be in North America, but it is not yet clear how many jobs will be lost or where they will occur over the next two years. Old Navy has annual sales of about $8 billion, while the other brands have a combined revenue of $9 billion. The moves, which followed a comprehensive board review, came with Old Navy thriving and Gap and Banana Republic struggling. (more...)
- March 01, 2019
The 230 closures will mainly be in North America, but it is not yet clear how many jobs will be lost or where they will occur over the next two years. Old Navy has annual sales of about $8 billion, while the other brands have a combined revenue of $9 billion. The moves, which followed a comprehensive board review, came with Old Navy thriving and Gap and Banana Republic struggling. (more...)
Cuomo Trying to Convince Bezos to Bring Amazon to NYC — NY Times
- March 01, 2019
Amazon announced its cancelled plans in a statement saying, 'We are disappointed to have reached this conclusion - we love NY'. The open letter scheduled to be in the Times on Friday is aimed to rebut the notion that opposition to the plan was widespread. (more...)
- March 01, 2019
Amazon announced its cancelled plans in a statement saying, 'We are disappointed to have reached this conclusion - we love NY'. The open letter scheduled to be in the Times on Friday is aimed to rebut the notion that opposition to the plan was widespread. (more...)
Polestar 2 Fastback Unveiled as Tesla Model 3 Rival, Priced at $63000
- March 01, 2019
The dashboard is expected to be as bare as the one in the Model 3 , which seems to be the going thing among premium electric family cars. The Polestar 2 will start at 39,900 euros (~$45,400 USD), though there will be a launch edition during the first year of production starting at a whopping 59,900 euros (~$68,200). (more...)
- March 01, 2019
The dashboard is expected to be as bare as the one in the Model 3 , which seems to be the going thing among premium electric family cars. The Polestar 2 will start at 39,900 euros (~$45,400 USD), though there will be a launch edition during the first year of production starting at a whopping 59,900 euros (~$68,200). (more...)
Pakistan prepares to return Indian pilot as confrontation cools
- March 01, 2019
A Pakistani soldier stands guard near the wreckage of an Indian plane shot down by the Pakistan military on Wednesday, in Hurran, near the Line of Control in Pakistani Kashmir , on Thursday. "During that half a kilometre run, he fired some more gunshots in the air as well, to frighten the guys but to no avail", said Muhammad Razzaq Chaudhry, 58, one of the eyewitnesses. (more...)
- March 01, 2019
A Pakistani soldier stands guard near the wreckage of an Indian plane shot down by the Pakistan military on Wednesday, in Hurran, near the Line of Control in Pakistani Kashmir , on Thursday. "During that half a kilometre run, he fired some more gunshots in the air as well, to frighten the guys but to no avail", said Muhammad Razzaq Chaudhry, 58, one of the eyewitnesses. (more...)
Amazon launches Project Zero to fight counterfeits, empowers brands
- March 01, 2019
Amazon has faced criticism over the existence of counterfeits on its platform in recent years. Previously, a company had to report fake listings and wait for Amazon's internal team to look into the products in question and decide whether to take them down. (more...)
- March 01, 2019
Amazon has faced criticism over the existence of counterfeits on its platform in recent years. Previously, a company had to report fake listings and wait for Amazon's internal team to look into the products in question and decide whether to take them down. (more...)
YouTube disables comments on videos of children
- March 01, 2019
Many comments left on these videos were correctly called out as predatory and encouraging pedophilia. The controversy over child exploitation began last week when a video blogger named Matt Watson detailed how pedophiles could enter a "wormhole" of YouTube videos to see footage of children in sexually suggestive positions. (more...)
_848x480_1419272771982.jpg)
- March 01, 2019
Many comments left on these videos were correctly called out as predatory and encouraging pedophilia. The controversy over child exploitation began last week when a video blogger named Matt Watson detailed how pedophiles could enter a "wormhole" of YouTube videos to see footage of children in sexually suggestive positions. (more...)
Tesla’s $35,000 Model 3 Is Finally Available to Purchase
- March 01, 2019
Okay, we'll just cut to the chase at this point. On Friday, Tesla is due to repay a $920 million convertible bond, and will have to do so from its $3.7 billion cash on hand unless stocks somehow rise $50 above the current values. It is not all-wheel drive (though you can opt in for that) and it does not come with autopilot. "The key downside to providing too much information about the Model Y and its enhanced capabilities in software and hardware is that it could steal the thunder of the ... (more...)
- March 01, 2019
Okay, we'll just cut to the chase at this point. On Friday, Tesla is due to repay a $920 million convertible bond, and will have to do so from its $3.7 billion cash on hand unless stocks somehow rise $50 above the current values. It is not all-wheel drive (though you can opt in for that) and it does not come with autopilot. "The key downside to providing too much information about the Model Y and its enhanced capabilities in software and hardware is that it could steal the thunder of the ... (more...)
United States economy slows in fourth quarter, growing at 2.6 percent rate
- March 01, 2019
At the end of 2017, the government passed tax cuts and spending increases. Many are forecasting that growth this year will slow to around 2.2 percent and to weaken further in 2020. Business-equipment investment rose 6.7 percent and intellectual property spending jumped 13.1 percent. Trump and many top aides have sounded optimistic that there will soon be an agreement with China to end the trade dispute, although U.S. (more...)
- March 01, 2019
At the end of 2017, the government passed tax cuts and spending increases. Many are forecasting that growth this year will slow to around 2.2 percent and to weaken further in 2020. Business-equipment investment rose 6.7 percent and intellectual property spending jumped 13.1 percent. Trump and many top aides have sounded optimistic that there will soon be an agreement with China to end the trade dispute, although U.S. (more...)
Martha Stewart just partnered with Canada's largest cannabis company
- March 01, 2019
In a company press release, Stewart stated "I am delighted to establish this partnership with Canopy Growth and share with them the knowledge I have gained after years of experience in the subject of living". Cannabis companies in Canada, including Ontario-based Canopy, have been pouring cash into their businesses to fend off competition and develop new products, especially after the country approved the use of recreational marijuana in 2017. (more...)
- March 01, 2019
In a company press release, Stewart stated "I am delighted to establish this partnership with Canopy Growth and share with them the knowledge I have gained after years of experience in the subject of living". Cannabis companies in Canada, including Ontario-based Canopy, have been pouring cash into their businesses to fend off competition and develop new products, especially after the country approved the use of recreational marijuana in 2017. (more...)
Victoria’s Secret to close three of its Canadian stores
- March 01, 2019
The impending closings are far more than the 15 stores the brand closes on average every year. L Brands Inc ., owner of the lingerie chain, announced Wednesday that Victoria's Secret's US brick and mortar square footage will decrease by about 3 percent. (more...)
- March 01, 2019
The impending closings are far more than the 15 stores the brand closes on average every year. L Brands Inc ., owner of the lingerie chain, announced Wednesday that Victoria's Secret's US brick and mortar square footage will decrease by about 3 percent. (more...)
Powell tells US Congress that Fed closely monitoring potential risks
- March 01, 2019
The Fed will be "paying close attention to global economic and financial developments and assessing their implications for the outlook", he said. In 2017, the Fed began to shrink its $4.5 trillion holdings of bonds and other debt securities, known as its balance sheet, which was expanded during the financial crisis as a way to inject cash into struggling commercial banks. (more...)
- March 01, 2019
The Fed will be "paying close attention to global economic and financial developments and assessing their implications for the outlook", he said. In 2017, the Fed began to shrink its $4.5 trillion holdings of bonds and other debt securities, known as its balance sheet, which was expanded during the financial crisis as a way to inject cash into struggling commercial banks. (more...)
United States to delay further tariffs on Chinese goods
- March 01, 2019
The Shanghai Composite index added 0.4 percent to 2,973.71, while Japan's Nikkei 225 index lost 0.5 percent to 21,421.31. The U.S. Tire Manufacturers Association did not comment on the delay, but said it continued to monitor the situation. (more...)
- March 01, 2019
The Shanghai Composite index added 0.4 percent to 2,973.71, while Japan's Nikkei 225 index lost 0.5 percent to 21,421.31. The U.S. Tire Manufacturers Association did not comment on the delay, but said it continued to monitor the situation. (more...)
Russia, China veto United States push for UN action on Venezuela
- March 01, 2019
Guaido had announced that last weekend's attempt to deliver several hundred tons of USA -supplied humanitarian aid from Colombia into Venezuela would be politically decisive, but Venezuelan forces blocked the aid that Maduro said was part of a scheme to overthrow his government. (more...)
- March 01, 2019
Guaido had announced that last weekend's attempt to deliver several hundred tons of USA -supplied humanitarian aid from Colombia into Venezuela would be politically decisive, but Venezuelan forces blocked the aid that Maduro said was part of a scheme to overthrow his government. (more...)
Warren Buffett Calls for Higher Taxes on the Wealthy
- February 28, 2019
Warren Buffett , CEO of Berkshire Hathaway Inc, gestures while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. Buffett on Monday agreed with that assessment of a third-party candidate in 2020, saying, "I hope no third-party candidate runs". He said the total may rise in 2019 because it has become tough to buy whole companies to add to Berkshire's portfolio of more than 90 businesses, including the Geico auto insurer and BNSF railroad. (more...)
- February 28, 2019
Warren Buffett , CEO of Berkshire Hathaway Inc, gestures while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. Buffett on Monday agreed with that assessment of a third-party candidate in 2020, saying, "I hope no third-party candidate runs". He said the total may rise in 2019 because it has become tough to buy whole companies to add to Berkshire's portfolio of more than 90 businesses, including the Geico auto insurer and BNSF railroad. (more...)
Labour's Brexit amendment has been defeated by an 83 majority
- February 28, 2019
In reality, Labour's leadership is unlikely to support TIG's amendment because Jeremy Corbyn wants to continue pursuing his own Brexit plan in the days ahead, starting by putting it to a vote in the Commons on Wednesday. Speaking after he addressed his group of MSPs, he said: "If we are not successful in amending the Theresa May deal then we feel we are left with no option than to back a public vote". (more...)
- February 28, 2019
In reality, Labour's leadership is unlikely to support TIG's amendment because Jeremy Corbyn wants to continue pursuing his own Brexit plan in the days ahead, starting by putting it to a vote in the Commons on Wednesday. Speaking after he addressed his group of MSPs, he said: "If we are not successful in amending the Theresa May deal then we feel we are left with no option than to back a public vote". (more...)
Vitol expects oil to rally as OPEC, Venezuela cause shortage
- February 27, 2019
The Brent crude oil, against which Nigerian crude is measured, first declined by 0.3 per cent before rallying up by 0.5 per cent to trade at $67.55 a barrel. The group, known as OPEC+, agreed in December to cut output by 1.2 million bpd to prevent a crude supply glut from growing. "The production losses to start 2019 are already larger than we expected", Goldman said, noting that more disruptions could be coming due to the USA sanctions on Venezuela's oil industry. (more...)
- February 27, 2019
The Brent crude oil, against which Nigerian crude is measured, first declined by 0.3 per cent before rallying up by 0.5 per cent to trade at $67.55 a barrel. The group, known as OPEC+, agreed in December to cut output by 1.2 million bpd to prevent a crude supply glut from growing. "The production losses to start 2019 are already larger than we expected", Goldman said, noting that more disruptions could be coming due to the USA sanctions on Venezuela's oil industry. (more...)
Porsche's Top-Selling Macan SUV Switching to Electric
- February 27, 2019
The Porsche Macan will be turned into an electric auto when it undergoes a redesign early next decade. Production of the electric Macan "will begin early in the next decade" at a plant in Germany, Porsche said. Further, Porsche revealed that the electric Macan will use Porsche's 800-volt architecture from the Taycan , Porsche's first fully electric vehicle, allowing this model to potentially charge quicker, perform better, and save weight versus rival 400-volt systems. (more...)
- February 27, 2019
The Porsche Macan will be turned into an electric auto when it undergoes a redesign early next decade. Production of the electric Macan "will begin early in the next decade" at a plant in Germany, Porsche said. Further, Porsche revealed that the electric Macan will use Porsche's 800-volt architecture from the Taycan , Porsche's first fully electric vehicle, allowing this model to potentially charge quicker, perform better, and save weight versus rival 400-volt systems. (more...)
FCA announces $4.5B Jeep, Ram factory investment
- February 27, 2019
According to FCA , the reborn Mack facility will be the first assembly plant build in Detroit city limits in nearly 30 years. jefferson North was the last new assembly plant built in 1991. As you can probably guess, the investments are aimed toward expanding pickup truck and SUV production. Plug-in hybrid models would also come from the plant. (more...)
- February 27, 2019
According to FCA , the reborn Mack facility will be the first assembly plant build in Detroit city limits in nearly 30 years. jefferson North was the last new assembly plant built in 1991. As you can probably guess, the investments are aimed toward expanding pickup truck and SUV production. Plug-in hybrid models would also come from the plant. (more...)
Elon Musk ordered to tell judge why he's not in contempt
- February 27, 2019
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. To settle fraud charges stemming from the tweet, Musk had to resign as Tesla chairman, both he and the company had to pay a $20 million fine and the SEC demanded oversight of his social media use. (more...)
- February 27, 2019
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. To settle fraud charges stemming from the tweet, Musk had to resign as Tesla chairman, both he and the company had to pay a $20 million fine and the SEC demanded oversight of his social media use. (more...)
American Hero Buys $540 in Girl Scout Cookies
- February 26, 2019
In total, this man purchased $540 of Girl Scout cookies , and with a heart as big as his, there's a good chance he's sharing them. Dillard's post has since gone viral, amassing 25,000 Facebook reactions and more than 9,100 shares as of Tuesday afternoon, and many social media users have tried to identify the Good Samaritan behind the selfless act. (more...)
- February 26, 2019
In total, this man purchased $540 of Girl Scout cookies , and with a heart as big as his, there's a good chance he's sharing them. Dillard's post has since gone viral, amassing 25,000 Facebook reactions and more than 9,100 shares as of Tuesday afternoon, and many social media users have tried to identify the Good Samaritan behind the selfless act. (more...)
Latest news
White House, House Lawmakers Lay Out Impeachment Cases as Trial Looms