Markets
Europe stops taking piped Russian oil due to contamination
- April 27, 2019
They claim the oil flowing from the south to Hungary and Slovakia met standards. Russian Federation has said it will resume shipping untainted crude through the pipeline from May 3, its counterpart from Ukraine said on Facebook . With pipeline supplies to Europe shut, Russian Federation faces a challenge of how to divert about 1 million barrels per day (bpd) that was meant to be shipped through the network to other destinations at a time when export capacity is at its limits. (more...)
- April 27, 2019
They claim the oil flowing from the south to Hungary and Slovakia met standards. Russian Federation has said it will resume shipping untainted crude through the pipeline from May 3, its counterpart from Ukraine said on Facebook . With pipeline supplies to Europe shut, Russian Federation faces a challenge of how to divert about 1 million barrels per day (bpd) that was meant to be shipped through the network to other destinations at a time when export capacity is at its limits. (more...)
Tesla's Elon Musk reaches deal with SEC over Twitter use
- April 27, 2019
Earlier this week, the electric vehicle maker posted a $702 million loss, and warned of a loss in the second quarter. But rather than immediately punishing Musk, Nathan earlier this month ordered the parties to go back to the negotiating table. (more...)
- April 27, 2019
Earlier this week, the electric vehicle maker posted a $702 million loss, and warned of a loss in the second quarter. But rather than immediately punishing Musk, Nathan earlier this month ordered the parties to go back to the negotiating table. (more...)
United Kingdom supermarket M&A will return in bargain bin
- April 27, 2019
Following an in-depth investigation, the Competition and Markets Authority (CMA) said in its final report that United Kingdom shoppers and motorists would be worse off if Sainsbury's and Asda were to merge, because this deal would lead to increased prices, reduced quality and choice of products, or a poorer shopping experience . (more...)
- April 27, 2019
Following an in-depth investigation, the Competition and Markets Authority (CMA) said in its final report that United Kingdom shoppers and motorists would be worse off if Sainsbury's and Asda were to merge, because this deal would lead to increased prices, reduced quality and choice of products, or a poorer shopping experience . (more...)
Netflix adds 9.6M subscribers in 1Q as competition heats up
- April 27, 2019
What may be more troubling to Netflix investors is that 2.2 percent of survey respondents indicated they're definitely canceling their Netflix subscription in favor of Disney +. It will be offered in a basic website platform for laptops, and in a standard app format for smartphones, while PS4s and other gaming consoles will also feature exclusive access to the service. (more...)
- April 27, 2019
What may be more troubling to Netflix investors is that 2.2 percent of survey respondents indicated they're definitely canceling their Netflix subscription in favor of Disney +. It will be offered in a basic website platform for laptops, and in a standard app format for smartphones, while PS4s and other gaming consoles will also feature exclusive access to the service. (more...)
Ford under criminal investigation in U.S. over auto emissions
- April 27, 2019
In February, Ford disclosed that it would investigate concerns about its internal processes for emissions testing in the U.S. The Blue Oval has also notified other state and federal agencies, suggesting more investigations may be forthcoming. (more...)
- April 27, 2019
In February, Ford disclosed that it would investigate concerns about its internal processes for emissions testing in the U.S. The Blue Oval has also notified other state and federal agencies, suggesting more investigations may be forthcoming. (more...)
Alexa can now call customer support services for you
- April 27, 2019
Such information could allow them to pinpoint the address of the smart speaker - and bring them closer to identifying the user. In fact, analysts are predicting they'll be in most United States homes by late next year. Another report has shed some new light on the situation as the same Amazon employees listening to your conversations have easy access to your location. (more...)
- April 27, 2019
Such information could allow them to pinpoint the address of the smart speaker - and bring them closer to identifying the user. In fact, analysts are predicting they'll be in most United States homes by late next year. Another report has shed some new light on the situation as the same Amazon employees listening to your conversations have easy access to your location. (more...)
Weak inflation data to test RBA resolve
- April 27, 2019
The NAB markets research team agreed that underwhelming inflation figures would only fulfil one half of the RBA's two stated preconditions for lowering rates . The median economist forecast for headline inflation looks a quarterly increase of just 0.2%, seeing the year-ended rate slow to 1.5%. The RBA's trimmed mean CPI rose 1.6% y/y, slipping from +1.8% in Q4. (more...)
- April 27, 2019
The NAB markets research team agreed that underwhelming inflation figures would only fulfil one half of the RBA's two stated preconditions for lowering rates . The median economist forecast for headline inflation looks a quarterly increase of just 0.2%, seeing the year-ended rate slow to 1.5%. The RBA's trimmed mean CPI rose 1.6% y/y, slipping from +1.8% in Q4. (more...)
US Economic Growth Hits 3.2 Percent In 2019
- April 26, 2019
President Trump took to Twitter to applaud the numbers, while also emphasizing low inflation. Disposable personal income saw a boost of 3%. while overall prices grew by 0.8%. USA stocks also rallied the most since 2009 in the first quarter and this month extended gains to a record, easing some concern about the durability of growth. (more...)
- April 26, 2019
President Trump took to Twitter to applaud the numbers, while also emphasizing low inflation. Disposable personal income saw a boost of 3%. while overall prices grew by 0.8%. USA stocks also rallied the most since 2009 in the first quarter and this month extended gains to a record, easing some concern about the durability of growth. (more...)
Chevron And Occidental Start Bidding War For Anadarko
- April 26, 2019
Anadarko said in a news release that its board of directors would carefully review Occidental's proposal to determine what course of action would be in the best interest of the company's stockholders. APC's stock price is now almost 7% below OXY's offer, suggesting the market thinks the new offer has more uncertainty - perhaps because APC's board did not seem eager to engage OXY , which says it made three offers for APC since late March that were either turned down or ignored. (more...)
- April 26, 2019
Anadarko said in a news release that its board of directors would carefully review Occidental's proposal to determine what course of action would be in the best interest of the company's stockholders. APC's stock price is now almost 7% below OXY's offer, suggesting the market thinks the new offer has more uncertainty - perhaps because APC's board did not seem eager to engage OXY , which says it made three offers for APC since late March that were either turned down or ignored. (more...)
LG Electronics to Move Korean Smartphone Production to Vietnam
- April 26, 2019
It will prune smartphone shipments from the plant gradually starting this June. The announcement came a day after a report that LG Electronics would reorganize its smartphone business by transferring manufacturing in Korea to Vietnam. (more...)
- April 26, 2019
It will prune smartphone shipments from the plant gradually starting this June. The announcement came a day after a report that LG Electronics would reorganize its smartphone business by transferring manufacturing in Korea to Vietnam. (more...)
Uber Plans Initial Price Range Of $44-$50 Per Share (NASDAQ:LYFT)
- April 26, 2019
Uber Technologies Inc .is aiming for a valuation of about $80 billion to $90 billion in its initial public offering, just above its last private funding round, according to people familiar with the matter. Lyft shares ended trading on Thursday down more than 20 percent from their IPO price amid investor skepticism over its path to profitability. Uber also said PayPal had agreed to purchase $500 million of stock in a private placement at the price the IPO eventually settles at. (more...)
- April 26, 2019
Uber Technologies Inc .is aiming for a valuation of about $80 billion to $90 billion in its initial public offering, just above its last private funding round, according to people familiar with the matter. Lyft shares ended trading on Thursday down more than 20 percent from their IPO price amid investor skepticism over its path to profitability. Uber also said PayPal had agreed to purchase $500 million of stock in a private placement at the price the IPO eventually settles at. (more...)
Canada wants court order forcing Facebook to follow privacy laws
- April 26, 2019
Therrien's office plans to take the matter to Federal Court to "seek an order to force the company to correct its privacy practices", according to the release. The Canadian report comes as Ireland's privacy regulator is investigating Facebook over the company's recent revelation that it had left hundreds of millions of user passwords exposed. (more...)
- April 26, 2019
Therrien's office plans to take the matter to Federal Court to "seek an order to force the company to correct its privacy practices", according to the release. The Canadian report comes as Ireland's privacy regulator is investigating Facebook over the company's recent revelation that it had left hundreds of millions of user passwords exposed. (more...)
Should You Have this stock in Your Portfolio? Tesla (TSLA)
- April 26, 2019
Sixteen investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The price target set for the stock is $323.82. The following month it reversed course, saying it would keep many of its showrooms open - but would need to hike prices to do so. (more...)
- April 26, 2019
Sixteen investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The price target set for the stock is $323.82. The following month it reversed course, saying it would keep many of its showrooms open - but would need to hike prices to do so. (more...)
Louis part of Amazon’s new In-Garage Delivery Service
- April 26, 2019
To use the in-garage delivery option, customers can purchase one of two Key Smart Garage Kits, either the myQ Smart Garage Hub or a myQ-connected Chamberlain, or a LiftMaster Wi-Fi garage door opener. Key by Amazon now serves 50 cities and their surrounding areas , including 13 new locations: Charlotte, N.C.; Columbus, Ohio; Fresno and Stockton, Calif.; Grand Rapids, Mich.; Hartford, Conn.; Las Vegas, Nev.; Norfolk and Virginia Beach, Va.; Oklahoma City, Okla.; Omaha, Neb.; Rochester, ... (more...)
- April 26, 2019
To use the in-garage delivery option, customers can purchase one of two Key Smart Garage Kits, either the myQ Smart Garage Hub or a myQ-connected Chamberlain, or a LiftMaster Wi-Fi garage door opener. Key by Amazon now serves 50 cities and their surrounding areas , including 13 new locations: Charlotte, N.C.; Columbus, Ohio; Fresno and Stockton, Calif.; Grand Rapids, Mich.; Hartford, Conn.; Las Vegas, Nev.; Norfolk and Virginia Beach, Va.; Oklahoma City, Okla.; Omaha, Neb.; Rochester, ... (more...)
Waymo to Re-Use Old Detroit Plant to Build New Autonomous Vehicles
- April 26, 2019
The business will get an incentive grant in the state of MI values up to $8 million. Waymo opened a small technical center in Novi, Mich in 2016 to support testing its fleet in Michigan's wintery weather conditions. The National Highway Traffic Safety Administration, citing the Society of Automotive Engineers, lists Level 4 as high automation, one step below full automation. (more...)
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- April 26, 2019
The business will get an incentive grant in the state of MI values up to $8 million. Waymo opened a small technical center in Novi, Mich in 2016 to support testing its fleet in Michigan's wintery weather conditions. The National Highway Traffic Safety Administration, citing the Society of Automotive Engineers, lists Level 4 as high automation, one step below full automation. (more...)
Japanese Court Grants $4.5 mln Bail to Former Nissan Chairman Ghosn
- April 26, 2019
Tokyo District Public Prosecutors' Office appealed the Japan court's decision. In Japan, trial preparations tend to take months. The court set conditions for Ghosn's release, including limitations on where he can live in Japan, a ban on overseas travel and measures to prevent him from running away and tampering with evidence. (more...)
- April 26, 2019
Tokyo District Public Prosecutors' Office appealed the Japan court's decision. In Japan, trial preparations tend to take months. The court set conditions for Ghosn's release, including limitations on where he can live in Japan, a ban on overseas travel and measures to prevent him from running away and tampering with evidence. (more...)
Apple Reportedly Spends Over $30 Million on Amazon Web Services Every Month
- April 26, 2019
Apple recently signed a $1.5 billion contract for five years with AWS , according to CNBC , meaning despite Apple's $10 billion investment in its own data center infrastructure, it will still rely on competitors for cloud services. Visit Business Insider's homepage for more stories . In the online video market, they are soon-to-be-rivals. Amazon competes with Apple in the mobile device market with its Kindle Fire tablets, and in voice-activated personal assistants with Alexa. (more...)
- April 26, 2019
Apple recently signed a $1.5 billion contract for five years with AWS , according to CNBC , meaning despite Apple's $10 billion investment in its own data center infrastructure, it will still rely on competitors for cloud services. Visit Business Insider's homepage for more stories . In the online video market, they are soon-to-be-rivals. Amazon competes with Apple in the mobile device market with its Kindle Fire tablets, and in voice-activated personal assistants with Alexa. (more...)
Walgreens To Raise Minimum Age For Tobacco Sales
- April 25, 2019
The move comes weeks after the U.S. Food and Drug Administration criticized Walgreens for selling tobacco to more minors than any other pharmacy chain. "The stakes are too high for our young people and our country's decades-long fight to reduce the morbidity and mortality that accompanies tobacco product use". (more...)
- April 25, 2019
The move comes weeks after the U.S. Food and Drug Administration criticized Walgreens for selling tobacco to more minors than any other pharmacy chain. "The stakes are too high for our young people and our country's decades-long fight to reduce the morbidity and mortality that accompanies tobacco product use". (more...)
Coca-Cola is launching its own coffee, energy drink this year
- April 25, 2019
Revenue grew 5 percent to $8 billion, also topping analysts' expectations. Global sales also helped improved Coca-Cola's Q1 revenue. Ironically, the Brexit drama has been good for Coca-Cola's Q1 profits. It also expects per-share earnings growth between 1% and negative 1%. The launch comes on the heels of Coke's purchase of coffee company Costa. A trucker shortage has hampered consumer companies for more than a year, and while freight costs are still increasing, the situation has ... (more...)
- April 25, 2019
Revenue grew 5 percent to $8 billion, also topping analysts' expectations. Global sales also helped improved Coca-Cola's Q1 revenue. Ironically, the Brexit drama has been good for Coca-Cola's Q1 profits. It also expects per-share earnings growth between 1% and negative 1%. The launch comes on the heels of Coke's purchase of coffee company Costa. A trucker shortage has hampered consumer companies for more than a year, and while freight costs are still increasing, the situation has ... (more...)
China's wannabe Starbucks brews a muddy IPO
- April 25, 2019
The coffee chain, founded in June 2017 and little known outside China, sold about 90 million cups of coffee past year, serving more than 16.8 million customers, according to its prospectus . As of the first quarter of 2019, Luckin coffee's net income was 470 million yuan, with a net loss of 550 million yuan. The company is seeking to list under the symbol "LK". (more...)
- April 25, 2019
The coffee chain, founded in June 2017 and little known outside China, sold about 90 million cups of coffee past year, serving more than 16.8 million customers, according to its prospectus . As of the first quarter of 2019, Luckin coffee's net income was 470 million yuan, with a net loss of 550 million yuan. The company is seeking to list under the symbol "LK". (more...)
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Oil prices reach highest in almost a year as producers restrain output