Markets


Tesla To Raise $2.3B Capital In Long-Awaited Move Tesla To Raise $2.3B Capital In Long-Awaited Move
- May 05, 2019

Before Tesla's announcement on Thursday, however, analysts speculating about a capital raise had cautioned that the company had missed optimal timing - last year's third quarter, when the company posted a profit. The interest rate, conversion price and other terms of the notes are to be determined. The securities are being marketed with a coupon of between 1.5 percent and 2 percent, according to people with knowledge of the matter. (more...)
Callers using worldwide phone number attempting to scam residents Callers using worldwide phone number attempting to scam residents
- May 05, 2019

Several media reports say that residents in NY state and Arizona have recently received the calls. Consumers throughout the 315 area code in Central New York reported receiving the one-ring calls from the 222 country code of the Northwest African nation of Mauritania Tuesday night. (more...)
Tyson expands recall of chicken strips Tyson expands recall of chicken strips
- May 05, 2019

Now, almost 12 million pounds of chicken parts have been recalled pieces of metal were found mixed in with the chicken meat. They also have the establishment number reading P-7221 on the back of the package. The USDA's Food Safety and Inspection Service issued the second recall Saturday expanding the amount of chicken from an initial recall of 69,093 pounds on March 21. (more...)
Microsoft Launches Blockchain Service In Partnership With JP Morgan Microsoft Launches Blockchain Service In Partnership With JP Morgan
- May 05, 2019

Microsoft also launched a new Cognitive Services category called " Decision " that will make specific recommendations for companies. The category groups together Azure's Content Moderator and Anomaly Detector services , as well as a new service called Personalizer, which is now in preview. (more...)
Fed Meeting: USD Slides, Dow Jumps After FOMC Rate Decision Fed Meeting: USD Slides, Dow Jumps After FOMC Rate Decision
- May 05, 2019

It did however trim a key rate which it pays banks who leave excess reserves, from 2.40pc to 2.35pc, in a bid to ensure its lending rate stays within the current target range. The decision follows months of unprecedented public criticism of the Fed from Trump who has called its decisions " crazy " and discussed firing the Fed chairman, Jerome Powell. (more...)
SGX to move blockchain platform to Amazon Web Services SGX to move blockchain platform to Amazon Web Services
- May 04, 2019

As such, the release of Amazon Managed Blockchain through AWS is significant, as it could potentially dramatically boost the general usage of blockchain technology. The former is the fruit of the combined labours of IBM and the Linux Foundation - part of the Hyperledger Project, which features as part of IBM Blockchain, a Performance-as-a-Service offering. (more...)
BoE Upgrades Growth Forecast for British Economy BoE Upgrades Growth Forecast for British Economy
- May 04, 2019

Interest rates have been at that level since last August, when the Bank raised them by a quarter of a percentage point. The British economy will weaken in the near-term as firms ease up on Brexit preparations now that the country's departure from the European Union has been delayed by months, the Bank of England said Thursday. (more...)
Sinclair Clinches Disney-Regional Sports Networks Deal, Byron Allen Joins as Partner
- May 04, 2019

The networks, which generated $3.8 billion in revenues across 74 million subscribers past year, make up the largest collection of such regional sports channels in the market and include exclusive local rights to 42 professional baseball, basketball and hockey teams. (more...)
United States jobs report: April continues growth as 263,000 jobs added United States jobs report: April continues growth as 263,000 jobs added
- May 04, 2019

US job growth surged in April and the unemployment rate dropped to the lowest in almost half a century, pointing to sustained strength in economic activity even as last year's massive stimulus from Republican tax cuts and spending increases fades. (more...)
Warren Buffett: A strong stock picker with little tech appetite Warren Buffett: A strong stock picker with little tech appetite
- May 04, 2019

Buffett did not say how many shares of Amazon Berkshire had bought. Billionaire investor Warren Buffett , who jumped into the takeover battle for Anadarko Petroleum this week, has won renown and wealth for unearthing undervalued companies, a record countered only by his reticence towards high tech. (more...)
Activision Blizzard reveals first five Call of Duty franchise owners Activision Blizzard reveals first five Call of Duty franchise owners
- May 03, 2019

In yesterday's earnings call , Activision still didn't refer to this year's Call of Duty using its official title, rather using terms like " Call of Duty 2019", or "new Call of Duty " game when addressing it to financial analysts. (more...)
Vegan burger maker Beyond Meat sizzles in market debut Vegan burger maker Beyond Meat sizzles in market debut
- May 03, 2019

The Los Angeles-based company, which counts actor Leonardo DiCaprio and Microsoft Corp founder Bill Gates among its investors, aims to market its meatless burger patties and other products to meat-loving consumers. And despite the company's mission, Brown said the company will choose the customer over the planet when necessary. Its backers had included Tyson Foods Inc, the largest U.S. (more...)
Amazon officially launches in the UAE Amazon officially launches in the UAE
- May 03, 2019

Another vital feature which Amazon has delivered is that the UAE users would have this privilege of browsing the website in the Arabic language. In a massive development and two years after spending $ 580 million to acquire Souq (an e-commerce store in UAE), Amazon finally replaces it and announces itself in UAE with a bang. (more...)
Wynn Resorts Can Build Boston-area Casino After Paying $35 Million Wynn Resorts Can Build Boston-area Casino After Paying $35 Million
- May 03, 2019

The Massachusetts Gaming Commission ( MGC ) has hit Wynn Resorts for future compliance and to punish for past transgressions. Maddox, who was Steve Wynn's hand-picked successor, was grilled by commissioner during last month's adjudicatory hearing on his failures to report to gaming regulators what he knew about settlements and sexual misconduct allegations involving Steve Wynn. (more...)
Chase bank draws backlash with 'Monday Motivation' tweet Chase bank draws backlash with 'Monday Motivation' tweet
- May 03, 2019

Chase charges a monthly $12 service fee for Total Checking Accounts for accounts with a balance of less than $1,500, and a monthly $25 service fee for Chase Premier Plus Checking if your balance is less than $15,000. In the hearing, Porter questioned Dimon regarding how a mother working for the bank would be able to support her family. Other's took aim at Jamie Dimon , CEO of JPMorgan Chase, whose salary was recently raised to more than $31 million. (more...)
Trump tweets Stephen Moore has withdrawn name from Fed contention Trump tweets Stephen Moore has withdrawn name from Fed contention
- May 02, 2019

Trump said on Twitter Thursday afternoon that Moore chose to withdraw, a decision that came amid growing objections to his potential nomination among Senate Republicans. He contended that putting Moore on the Fed board would have imperiled those standards. If Democrats unanimously oppose Moore, he could endure only three Republican defections. (more...)
Chase Bank Deletes 'Motivational' Tweet About Saving Money After Backlash Chase Bank Deletes 'Motivational' Tweet About Saving Money After Backlash
- May 02, 2019

Chase deleted the "Monday Motivation" tweet and pledged to be more sensitive on social media in the future. Outraged users quickly pointed out that Chase's parent company, JPMorgan Chase, received billions of dollars from the federal government during the financial crisis. (more...)
Facebook tries a new look as Zuckerberg proclaims a new era Facebook tries a new look as Zuckerberg proclaims a new era
- May 02, 2019

Zuckerberg is no stranger to trying to diffuse the company's problems. "Look, I get that a lot of people aren't sure that we are serious about this", he said to laughter from the crowd. Only people in each other's contact books will be able to see such updates. Now he is promising a new kind of company that is all about privacy, with some dating features thrown in for fun. (more...)
Qualcomm shares slip in first earnings report since Apple patent settlement Qualcomm shares slip in first earnings report since Apple patent settlement
- May 02, 2019

Before the close, Qualcomm shares had risen more than 50 per cent since the company announced its settlement with Apple on April 16. Until now, all we knew was that the settlement included an unspecified payment from Apple to Qualcomm , alongside a multiyear chipset supply agreement that will see the chipmaker's modems once again appear in the iPhone; when the legal drama began back in 2017, Apple dropped Qualcomm as a supplier and exclusively relied on Intel as its provider of ... (more...)
Tesla to raise money after painful 1Q, and Musk is buying in Tesla to raise money after painful 1Q, and Musk is buying in
- May 02, 2019

The money would potentially fund Tesla's factory in Shanghai, Model Y crossover production, and development of the company's upcoming pickup and semi trucks. Experts say there's no doubt that these type of incentives help drive electric-car purchases and when the Ontario government killed a $14,000 rebate past year, electric-car sales plummeted. (more...)