Markets
Federal Liberals, Ontario Tories point fingers over looming Bombardier layoffs
- July 12, 2019
Speaking in Saskatoon Wednesday ahead of meetings with other premiers, Ford says he isn't looking to fight the federal government over layoffs at Bombardier , instead he's looking to support the workers in Thunder Bay . Fedeli slammed Hajdu and the federal Liberal government, saying it has not committed to "funding the full federal share onf Ontario's historic $28.5-billion transit expansion plan". (more...)
- July 12, 2019
Speaking in Saskatoon Wednesday ahead of meetings with other premiers, Ford says he isn't looking to fight the federal government over layoffs at Bombardier , instead he's looking to support the workers in Thunder Bay . Fedeli slammed Hajdu and the federal Liberal government, saying it has not committed to "funding the full federal share onf Ontario's historic $28.5-billion transit expansion plan". (more...)
Bitpoint takes a $32 million hit in potential hack
- July 12, 2019
We sincerely apologize for any inconvenience caused to you and other concerned customers, [and will] promptly enhance and strengthen the management control system. The increasing crypto exchange hacking incidents are prompting Japan's Financial Services Agency to play a more significant role in supervising cryptocurrency exchanges . (more...)
- July 12, 2019
We sincerely apologize for any inconvenience caused to you and other concerned customers, [and will] promptly enhance and strengthen the management control system. The increasing crypto exchange hacking incidents are prompting Japan's Financial Services Agency to play a more significant role in supervising cryptocurrency exchanges . (more...)
Ford and Volkswagen team up on self-driving and electric cars
- July 12, 2019
The two automakers are now "equal shareholders" of Argo AI, with VW's $2.6 billion investment into the company. "A VW investment in Ford's AV business would provide a crucial public validation data point (similar to SoftBank's investment in GM Cruise), and could be just the start of external capital for Ford's AV business", Schwarz said. (more...)
- July 12, 2019
The two automakers are now "equal shareholders" of Argo AI, with VW's $2.6 billion investment into the company. "A VW investment in Ford's AV business would provide a crucial public validation data point (similar to SoftBank's investment in GM Cruise), and could be just the start of external capital for Ford's AV business", Schwarz said. (more...)
China trade slows, imports from United States slump as tariffs take toll
- July 12, 2019
U.S. -Chinese trade has weakened since President Donald Trump started hiked tariffs a year ago on goods from China in a fight over Beijing's technology ambitions. China's export growth slowed in June and imports shrank more than expected, as the continuing trade war with the USA and a global slowdown hurt trade. (more...)
- July 12, 2019
U.S. -Chinese trade has weakened since President Donald Trump started hiked tariffs a year ago on goods from China in a fight over Beijing's technology ambitions. China's export growth slowed in June and imports shrank more than expected, as the continuing trade war with the USA and a global slowdown hurt trade. (more...)
Gold rallies as interest-cut expectations weaken dollar
- July 12, 2019
Uncertainty prompted some investors to unwind short positions against some heavily shorted currencies, such as the Australian dollar, which rose 0.2 per cent in early London trading. However, data released Thursday showed weekly jobless claims came in at 209,000, lower than the expected 220,000, adding to signs that the US labor market remains strong. (more...)
- July 12, 2019
Uncertainty prompted some investors to unwind short positions against some heavily shorted currencies, such as the Australian dollar, which rose 0.2 per cent in early London trading. However, data released Thursday showed weekly jobless claims came in at 209,000, lower than the expected 220,000, adding to signs that the US labor market remains strong. (more...)
Alexandria Ocasio-Cortez claims that Nancy Pelosi is deliberately inciting death threats
- July 12, 2019
In our news wrap Thursday, tensions simmered between House Speaker Nancy Pelosi and four progressives. The Democratic party is fighting amongst itself. The comments followed a contentious and at times emotional debate over the border legislation that split House Democrats along progressive and centrist ideological lines. (more...)
- July 12, 2019
In our news wrap Thursday, tensions simmered between House Speaker Nancy Pelosi and four progressives. The Democratic party is fighting amongst itself. The comments followed a contentious and at times emotional debate over the border legislation that split House Democrats along progressive and centrist ideological lines. (more...)
Airline sorry for 'telling girl to veil outfit'
- July 12, 2019
Dr Latisha "Tisha" Rowe , a family-medicine specialist, was on an American Airlines flight to Miami from Jamaica with her 8-year-old son when she was asked to step off the plane by cabin crew, Business Insider reports. American Airlines has apologized to a lady who states she was humiliated after being advised she could not fly until she covered up her romper. (more...)
- July 12, 2019
Dr Latisha "Tisha" Rowe , a family-medicine specialist, was on an American Airlines flight to Miami from Jamaica with her 8-year-old son when she was asked to step off the plane by cabin crew, Business Insider reports. American Airlines has apologized to a lady who states she was humiliated after being advised she could not fly until she covered up her romper. (more...)
Stocks Jump To Record Highs, Fed Chief Still Has "Uncertainties"
- July 12, 2019
The Fed chair said overall growth has also "moderated", and cited the possibility that "weak inflation will be even more persistent than we now anticipate". Trump frequently criticizes the Federal Reserve both publicly and in Twitter posts, claiming they need to lower interest rates. "The Fed has never disappointed a market with such strong expectations of action", Joseph Lavorgna, chief economist for the Americas at Natixis, wrote in a recent analysis. (more...)
- July 12, 2019
The Fed chair said overall growth has also "moderated", and cited the possibility that "weak inflation will be even more persistent than we now anticipate". Trump frequently criticizes the Federal Reserve both publicly and in Twitter posts, claiming they need to lower interest rates. "The Fed has never disappointed a market with such strong expectations of action", Joseph Lavorgna, chief economist for the Americas at Natixis, wrote in a recent analysis. (more...)
Fed's Brainard signals support for rate cut
- July 12, 2019
While testifying before the House Financial Services Committee, Powell reiterated that the Fed will act as appropriate to sustain the current economic expansion. Though the outlook for economic growth is "solid", boosted by consumer spending, business spending has been "lackluster" and sentiment has been soft, Brainard said. (more...)
- July 12, 2019
While testifying before the House Financial Services Committee, Powell reiterated that the Fed will act as appropriate to sustain the current economic expansion. Though the outlook for economic growth is "solid", boosted by consumer spending, business spending has been "lackluster" and sentiment has been soft, Brainard said. (more...)
Tips to navigate Amazon's Prime Day
- July 12, 2019
CT on Tuesday, July 16. Whether it's Prime Day sales or other retailers hopping on Amazon's bandwagon, it can seem like there's no excuse not to be shopping. Just keep in mind to set a calendar reminder to cancel the subscription before you're charged $12.99 a month or $119 for the year. But the retailer does promise to expand on last year's insane successful Prime Day-opposing One-Day sale with two distinct days of killer deals on items as diverse as furniture, indoor rugs, kitchen ... (more...)
- July 12, 2019
CT on Tuesday, July 16. Whether it's Prime Day sales or other retailers hopping on Amazon's bandwagon, it can seem like there's no excuse not to be shopping. Just keep in mind to set a calendar reminder to cancel the subscription before you're charged $12.99 a month or $119 for the year. But the retailer does promise to expand on last year's insane successful Prime Day-opposing One-Day sale with two distinct days of killer deals on items as diverse as furniture, indoor rugs, kitchen ... (more...)
Consumer inflation: Housing, autos drive USA inflation higher in June
- July 12, 2019
Powell had previously described low inflation as transitory, but did not do so in his comments Wednesday during a hearing of the House Financial Services Committee. "We're not surprised to see the front-end well bid". A 25-basis point cut remains fully priced. He mentioned business sentiment, a global slowdown in manufacturing, and a persistently low inflation rate. (more...)
- July 12, 2019
Powell had previously described low inflation as transitory, but did not do so in his comments Wednesday during a hearing of the House Financial Services Committee. "We're not surprised to see the front-end well bid". A 25-basis point cut remains fully priced. He mentioned business sentiment, a global slowdown in manufacturing, and a persistently low inflation rate. (more...)
Dozens hurt after Vancouver-Australia Air Canada flight hits turbulence
- July 11, 2019
The airline says Flight AC33, which made a scheduled stopover in Vancouver Wednesday night, was about two hours past Hawaii over the Pacific Ocean when the conditions triggered a turnaround and resulted in 35 injuries. "We hit turbulence and we all hit the roof and everything fell down, and stuff... people went flying", passenger Jess Smith told local station KHON in Honolulu. (more...)
- July 11, 2019
The airline says Flight AC33, which made a scheduled stopover in Vancouver Wednesday night, was about two hours past Hawaii over the Pacific Ocean when the conditions triggered a turnaround and resulted in 35 injuries. "We hit turbulence and we all hit the roof and everything fell down, and stuff... people went flying", passenger Jess Smith told local station KHON in Honolulu. (more...)
Telstra outage puts banks, stores offline
- July 11, 2019
If you or your business are experiencing issues, tell us about it in the comments. The outage also affected Caltex service stations, Coles and Woolworths stores, Big W and liquor retailers BWS and Dan Murphy's. Commonwealth Bank also warned of "issues" with its ATMs, EFTPOS terminals and some in-branch services. "Our stores are continuing to trade as our teams are still able to process payments manually at this time", the spokesperson said. (more...)
- July 11, 2019
If you or your business are experiencing issues, tell us about it in the comments. The outage also affected Caltex service stations, Coles and Woolworths stores, Big W and liquor retailers BWS and Dan Murphy's. Commonwealth Bank also warned of "issues" with its ATMs, EFTPOS terminals and some in-branch services. "Our stores are continuing to trade as our teams are still able to process payments manually at this time", the spokesperson said. (more...)
Get ready: Free Slurpee day at 7-Eleven is upon us
- July 11, 2019
In honor of its namesake date-and its birthday-7-Eleven is giving away free Slurpees on July 11. 7-Eleven Slurpee flavors can vary by location, but most have options like wild cherry, Coca-Cola, pina colada, and blue raspberry. Each year 7-Eleven sells around 7,290,000 gallons of Slurpee across the world. Fore more information and more 7-Eleven products, visit the store's website . (more...)
- July 11, 2019
In honor of its namesake date-and its birthday-7-Eleven is giving away free Slurpees on July 11. 7-Eleven Slurpee flavors can vary by location, but most have options like wild cherry, Coca-Cola, pina colada, and blue raspberry. Each year 7-Eleven sells around 7,290,000 gallons of Slurpee across the world. Fore more information and more 7-Eleven products, visit the store's website . (more...)
United States opens investigation into French plan for tax on tech giants
- July 11, 2019
France has hit back against USA plans to investigate a planned tax on big digital companies , saying it was free to decide how it applies taxes as a sovereign country. Last month, top G20 finance chiefs meeting in Japan agreed there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed over how to do it. (more...)
- July 11, 2019
France has hit back against USA plans to investigate a planned tax on big digital companies , saying it was free to decide how it applies taxes as a sovereign country. Last month, top G20 finance chiefs meeting in Japan agreed there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed over how to do it. (more...)
President Trump signs executive order on advancing American kidney health
- July 11, 2019
DCI founded REACH Kidney Care to provide strategies to manage chronic kidney disease to help delay the progression of kidney disease and provide education and care coordination to those transitioning into kidney failure. This visionary initiative, created to improve patient outcomes and generate significant healthcare savings, addresses the critical areas to significantly improve the lives of individuals with chronic kidney disease, kidney failure, and kidney transplants. (more...)
- July 11, 2019
DCI founded REACH Kidney Care to provide strategies to manage chronic kidney disease to help delay the progression of kidney disease and provide education and care coordination to those transitioning into kidney failure. This visionary initiative, created to improve patient outcomes and generate significant healthcare savings, addresses the critical areas to significantly improve the lives of individuals with chronic kidney disease, kidney failure, and kidney transplants. (more...)
AT&T turns on automatic robocall blocking for wireless customers
- July 11, 2019
AT&T's service will attempt to warn customers if a call may be spam and block any seemingly fraudulent calls. At its June 6 meeting when the FCC cleared the way for carriers to automatically block robocalls , there was some concern expressed that carriers might charge for the service. (more...)
- July 11, 2019
AT&T's service will attempt to warn customers if a call may be spam and block any seemingly fraudulent calls. At its June 6 meeting when the FCC cleared the way for carriers to automatically block robocalls , there was some concern expressed that carriers might charge for the service. (more...)
Volkswagen marks the end of Beetle production in Mexico
- July 11, 2019
The company is gearing up for mass production of the battery-driven compact ID.3, a vehicle that the company predicts will have an impact like that of the Beetle and the Golf by bringing electric mobility to a mass market. Robust, easy to maintain and high-performance, it reached its apogee in the 1960s and 70s before its popularity waned and Volkswagen ceased European production in 1978. (more...)
- July 11, 2019
The company is gearing up for mass production of the battery-driven compact ID.3, a vehicle that the company predicts will have an impact like that of the Beetle and the Golf by bringing electric mobility to a mass market. Robust, easy to maintain and high-performance, it reached its apogee in the 1960s and 70s before its popularity waned and Volkswagen ceased European production in 1978. (more...)
Asia shares rise as USA dollar moves up
- July 11, 2019
Investors look at computer screens showing stock information at a brokerage house in Shanghai, China. Investors have rushed to scale back Fed rate cut expectations following unexpectedly strong gains in U.S.jobs for June. "What the market shall be searching for is whether or not the language is as dovish as beforehand (ultimately coverage assembly)", mentioned Christy Tan, head of market technique for Asia at Nationwide Australia Financial institution. (more...)
- July 11, 2019
Investors look at computer screens showing stock information at a brokerage house in Shanghai, China. Investors have rushed to scale back Fed rate cut expectations following unexpectedly strong gains in U.S.jobs for June. "What the market shall be searching for is whether or not the language is as dovish as beforehand (ultimately coverage assembly)", mentioned Christy Tan, head of market technique for Asia at Nationwide Australia Financial institution. (more...)
Marriott Hotels facing Sh12.6b fine for data breach affecting customers
- July 11, 2019
During the data breach tens of thousands of customers had their name, billing address, email address, card payment information - including card number, expiry date and their CVV security code - potentially compromised. The ICO noted that Marriott will now have the opportunity to "make representations" to the regulatory body. According to its guidelines , the GDPR can levy fines up to 4% of the worldwide annual revenue of a company's prior financial year. (more...)
- July 11, 2019
During the data breach tens of thousands of customers had their name, billing address, email address, card payment information - including card number, expiry date and their CVV security code - potentially compromised. The ICO noted that Marriott will now have the opportunity to "make representations" to the regulatory body. According to its guidelines , the GDPR can levy fines up to 4% of the worldwide annual revenue of a company's prior financial year. (more...)
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