Markets


A modified Bugatti Chiron hits speeds in excess of 300mph A modified Bugatti Chiron hits speeds in excess of 300mph
- September 03, 2019

Now, though, Bugatti has removed the 261mph limiter on a near-production version of the Chiron , enabling it to smash through the 300mph barrier at the VW Group's Ehra-Lessien test facility in Germany. Inside, the Chiron does not have a passenger seat, though a safety cage was added because, well, duh. Powering the automotive is the usual Chiron's eight-litre, quad-turbo W16 engine producing a staggering 1,578bhp - over 500mph greater than Lewis Hamilton's present Mercedes Components ... (more...)
United Kingdom manufacturing output plunges to seven-year low amid Brexit uncertainty United Kingdom manufacturing output plunges to seven-year low amid Brexit uncertainty
- September 03, 2019

The IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) fell to 47.4 from 48.0 in July, a full point lower than the median forecast in a Reuters poll of economists and well below the 50 dividing line for growth and contraction. (more...)
Argentina imposes currency controls to support economy Argentina imposes currency controls to support economy
- September 02, 2019

It does, however, restrict people from buying more than $10,000 per month, or making transfers exceeding that amount per month. The measure, which is scheduled to be in place through the end of the year, means major exporters, which will need permission from the central bank to access the FX market to purchase foreign currency and make transfers overseas. (more...)
Revised GDP Confirms Slowing Economy Revised GDP Confirms Slowing Economy
- September 02, 2019

In the first quarter, GDP growth was 3.1 percent. "The revision primarily reflected downward revisions to state and local government spending, exports, private inventory investment and residential investment that were partly offset by an upward revision to personal consumption expenditures", the Commerce Department said in a statement. (more...)
Jack Dorsey’s Twitter account was hacked - and he’s the CEO of Twitter Jack Dorsey’s Twitter account was hacked - and he’s the CEO of Twitter
- September 02, 2019

That exact thing happened to Twitter CEO Jack Dorsey this week. It appeared that tweets posted on Dorsey's account by the hacker were up for about a half-hour before they were removed. Today, if a text is sent to 40404 from a U.S. phone number associated with a Twitter account, that account will post the text, and it will be labeled as coming from Cloudhopper. (more...)
Google to pay up to US$200M to FTC on YouTube probe Google to pay up to US$200M to FTC on YouTube probe
- September 01, 2019

It dwarfs the previous record fine of $5.7 million for children's privacy violations the agency levied this year against the owners of TikTok , a social video-sharing app. "We owe it to kids to come down hard on companies that infringe on children's' privacy and violate federal law". Although this fine is a small portion of Google or even YouTube's annual revenue, it is by far the largest Children's Online Privacy Protection Act (COPPA)-related fine to date. (more...)
Magic Waters gets new name, new waterslide in 2020 Magic Waters gets new name, new waterslide in 2020
- September 01, 2019

During the same period in the previous year, the firm posted $0.88 earnings per share. In other Six Flags Entertainment news, CFO Marshall Barber sold 468 shares of Six Flags Entertainment stock in a transaction on Tuesday, August 27th. BNP Paribas Arbitrage SA boosted its stake in Six Flags Entertainment by 101.3% during the first quarter. BlackRock Inc. now owns 6,826,552 shares of the company's stock valued at $339,145,000 after purchasing an additional 304,187 shares during the period. (more...)
China executes ride-hailing driver who killed passenger China executes ride-hailing driver who killed passenger
- September 01, 2019

A man holds a door to a Didi self-driving auto during the World Artificial Intelligence Conference (WAIC) in Shanghai , China August 30, 2019. It's worth noting that Level 4 autonomy, as defined by the National Highway Traffic Safety Administration, basically means full self-driving cars in some (not all) scenarios, and has not been achieved by any automaker yet, at least not in any publicly available sense. (more...)
Elon Musk says AI will soon make us look like monkeys Elon Musk says AI will soon make us look like monkeys
- September 01, 2019

He claimed that some researchers are making the mistake of thinking they are smarter than the Artificial Intelligence technology. Alibaba founder Jack Ma and Tesla CEO Elon Musk meet in Shanghai , China on August 29. But also, crucially, computers perceive time differently than human beings. "It's impossible that humans could be controlled by machines", the Alibaba founder retorted. (more...)
Low gas prices could mean rush of travelers Labor Day weekend Low gas prices could mean rush of travelers Labor Day weekend
- September 01, 2019

OK, so we would love to see even lower prices, but we can take the small wins, right? The average gas price per gallon for Labor Day weekend is $2.58 according to AAA , compared to $2.83 last Labor Day weekend. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.61, five cents lower than last week and substantially below the average $2.86 at this time previous year. (more...)
Wall Street ends mixed to close out volatile month Wall Street ends mixed to close out volatile month
- September 01, 2019

At 2:57 p.m. ET, the Dow Jones Industrial Average fell 13.47 points, or 0.05%, to 26,348.78, the S&P 500 lost 3.53 points, or 0.12%, to 2,921.05 and the Nasdaq Composite dropped 32.82 points, or 0.41%, to 7,940.58. Washington and Beijing are deadlocked in talks over US complaints about China's trade surplus and industrial plans, which its trading partners say are based on stealing or pressuring companies to hand over technology. (more...)
Why Airlines Are Starting to Ban This Type of MacBook Pro Why Airlines Are Starting to Ban This Type of MacBook Pro
- August 31, 2019

Interestingly, the Virgin Australia is simply not permitting MacBooks in check-in baggage but it is allowing them to be placed in carry-on baggage. Meanwhile in Asia, Singapore Airlines and Cathay Pacific have also banned the recalled MacBook Pro from operating in their flights. (more...)
ICRA Terminates the Employment of CEO and MD Mr Naresh Takkar ICRA Terminates the Employment of CEO and MD Mr Naresh Takkar
- August 31, 2019

The share price of ICRA opened 3.50% lower at Rs 2,702 on BSE compared to its last close of Rs 2,800 and later fell 4.96% to the day's low at Rs 2,661.10. This is the first time a top official of a rating agency has been fired by the company's board. IL&FS, which unexpectedly defaulted on repayments in September past year, had set off a liquidity crisis for non-banking financial companies (NBFCs) and threw the country's financial markets into turmoil. (more...)
Bank employees protest against Centre’s Merger move, wear black bands to work Bank employees protest against Centre’s Merger move, wear black bands to work
- August 31, 2019

The Centre had put out the very same reasons for the merger of BoB with Vijaya and Dena or SBI with its associate banks. Last week, Ms Sitharaman had announced that the government would release Rs 70,000 crore for bank capitalisation. These banks continue to be at the mercy of the government for capital and many of them score relatively less with respect to efficiency when pitted against private rivals. (more...)
Marriott hotels ditching small plastic toiletry bottles Marriott hotels ditching small plastic toiletry bottles
- August 31, 2019

Marriott has wanted to get rid of small bottles for years, President and CEO Arne Sorenson said. In lieu of the single-use bottles, Marriott will be providing shampoo, conditioner and bath gel in the form of larger, pump-topped recyclable bottles. (more...)
Canada's GDP rose 3.7 per cent in the second quarter Canada's GDP rose 3.7 per cent in the second quarter
- August 31, 2019

It was the fastest growth pace since the 4.4% reported in the second quarter of 2017. The BOC will release its latest interest rate decision next Wednesday at 14:00 GMT with supplementary commentary on the central bank's monetary policy outlook from Governor Poloz to follow shorty after. (more...)
Toyota And Suzuki To Strengthen Partnership With Capital Alliance Toyota And Suzuki To Strengthen Partnership With Capital Alliance
- August 31, 2019

In March of this year, they also confirmed their planned engagements in joint product development, which would utilize the strengths of each brand: Toyota's electrification technologies and Suzuki's technologies for compact vehicles. The announcement of the capital alliance agreement is an outcome of discussions between both companies regarding how they plan the future of the partnership pertaining to new fields. (more...)
PSU bank stocks surge in anticipation of merger announcement PSU bank stocks surge in anticipation of merger announcement
- August 31, 2019

In 2017, the State Bank of India was merged with five of its associate banks and the Bharatiya Mahila Bank. Giving a break-up of which bank gets how much, the Finance Minister said that the PNB would get Rs 16,000 crore and Rs 11,700 crore will go to the Union Bank Of India. (more...)
United Kingdom says watch the Brexit space around European Union summit in October United Kingdom says watch the Brexit space around European Union summit in October
- August 31, 2019

Speaking from Helsinki today, Tánaiste Simon Coveney - who's visited several European capitals in recent days - reiterated the view that it's up to the United Kingdom to offer alternatives. "We have always said if there are alternatives to the backstop that do the same job, then let's hear them and if we can work out a deal on that basis, so be it". (more...)
Hackers take over Twitter CEO's personal account Hackers take over Twitter CEO's personal account
- August 31, 2019

The company also suspended accounts that the hacker or hackers retweeted while they had control of Dorsey's account. "Everyone should ensure they have 2FA enabled, use unique password, and double-check what apps they've linked to their accounts", Cluley tweeted. (more...)