Markets


Trade talks with China in 'final throes' Trade talks with China in 'final throes'
- November 27, 2019

Democratic Rep. Joe Kennedy likewise commended voters in Hong Kong and urged Republican Trump to sign the legislation immediately. "I'm holding it up because it's got to be a good deal", he told to the interviewer. In October, Trump said he expected to quickly dive into a second phase of talks once "phase one" had been completed, focussing on harder issues such as Chinese demands that United States companies transfer their technology to Chinese rivals. (more...)
Pot stocks fall as FDA warns CBD could be harmful to humans Pot stocks fall as FDA warns CBD could be harmful to humans
- November 27, 2019

The products cited in the warning letters cover a wide range of forms including oils, drops, dietary supplements, conventional food (including gummies, peanut butter, and water), vape pens, oral sprays, creams, and pet treats. The agency issued a statement which, besides chastising companies for making positive claims about CBD in their products, also confirmed its stance on CBD itself as being a potentially unsafe compound. (more...)
Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal
- November 27, 2019

Schwab and TD Ameritrade made a combined $2 billion in net interest revenue in their latest quarters, for example. TD Ameritrade, with about $1.2 trillion in assets and headquarters in Omaha, Nebraska, has more than 9,000 employees. Founder Charles Schwab himself hinted back in May that he was "not sure" that the company would maintain its headquarters in SF for the long haul. "I don't know whether we'll be successful in that pursuit, but in the industry you're going to see more ... (more...)
CN Rail and union reach tentative agreement after week-long strike CN Rail and union reach tentative agreement after week-long strike
- November 27, 2019

The Teamsters Canada Rail Conference said on Friday reports of propane shortages in Ontario and Quebec appear to be largely manufactured by CN Rail, adding that more than 1,800 locomotive engineers and 600 supervisors are free to continue to cross picket lines and operate freight trains. (more...)
Romaine lettuce is risky again as new E. coli outbreak spreads Romaine lettuce is risky again as new E. coli outbreak spreads
- November 27, 2019

The recall includes all types of romaine, including heads of romaine, precut hearts of romaine, as well as salad kits and mixes. The U.S. Centers for Disease Control and Prevention said Tuesday that the number of people sick with E. A romaine lettuce recall has expanded to more major retailers on Monday. They went on to clarify that romaine lettuce "harvested from other sources outside of Salinas or labeled as indoor, or hydroponically- and greenhouse-grown", were still considered safe to ... (more...)
Facebook will pay you to collect your data Facebook will pay you to collect your data
- November 27, 2019

Facebook is first starting off with a Well-Being Survey program where users are asked questions on how social media affects their well-being. The application will be used to collect information from Facebook users on how best they can improve their products. (more...)
Uber’s Europe business is at risk after London revokes license Uber’s Europe business is at risk after London revokes license
- November 27, 2019

The taxi app firm (UBER) is fighting to survive in one of its biggest global markets after Transport for London (TfL ) discovered people pretending to be Uber drivers had fraudulently driven thousands of passengers. While Ola is a well-funded entrant to the London ride-hailing market, the likes of France's Kapten, which says it has 16,000 drivers in the city, and Bolt, which says it has accepted 30,000, already have a head start. (more...)
Ericsson Says Mobile Data Traffic in India to Triple by 2025 Ericsson Says Mobile Data Traffic in India to Triple by 2025
- November 27, 2019

A month's 7.2GB of data means that a user can play 21 minutes of high-definition video (1280 x 720) per day, while 24GB of data can play 30 minutes of high-definition video and watch 6 minutes of VR content per day. North East Asia is leading the global adoption of cellular IoT. The report, which analyses the global mobile market's current state and includes predictions about how the market will change in the coming few years, notes that 5G is still in its infancy: By the end of this year ... (more...)
Westpac CEO Brian Hartzer to quit Westpac CEO Brian Hartzer to quit
- November 26, 2019

The axe also fell on company chairman Lindsay Maxsted , who will bring forward his retirement to "the first half of 2020" and long-standing director Ewen Crouch, who will not seek re-election next month. "Both the chairman and the CEO are leaving, and I think that's appropriate ". "I think it's welcome, I think it's appropriate ", he told Sky News , adding that the allegations levelled against Westpac were "disappointing, shocking, and unacceptable". (more...)
India confirms iPhone exports India confirms iPhone exports
- November 26, 2019

Apple, which competes with the likes of Samsung and OnePlus in the premium smartphone market, made an entry into the top 10 smartphone brands tally in July-September 2019 quarter due to price cuts on XR model along with good channel demand for its newly launched iPhone 11, a report by Counterpoint had said. (more...)
Air New Zealand named airline of the year -again Air New Zealand named airline of the year -again
- November 26, 2019

Air New Zealand won the title five times before losing out to Singapore Airlines in 2018. Air New Zealand is Airline of the Year for 2020, according to AirlineRatings.com, flight safety and product rating based institutions Australia. (more...)
LVMH puts ring on jeweller Tiffany in $16.2 bn union LVMH puts ring on jeweller Tiffany in $16.2 bn union
- November 26, 2019

Despite this, some analysts have questioned the move since news of the approach first broke last month, wondering why LVMH would want to purchase a brand no longer considered top-tier, especially since it already purchased Bulgari for $5.2 billion in 2011. (more...)
CN strike forces Nutrien to temporarily close its largest potash mine CN strike forces Nutrien to temporarily close its largest potash mine
- November 26, 2019

More furloughs are looming. The union says normal operations at CN will resume Wednesday at 6 a.m. local time across Canada. The impact of the work stoppage was beginning to be felt across the agriculture industry. The strike could shave off nearly a quarter-point from growth this quarter if it lasts through December 5, according to Toronto-Dominion Bank economists. (more...)
Powerful Thanksgiving week storm promises wind, rain, and heavy snow for MI Powerful Thanksgiving week storm promises wind, rain, and heavy snow for MI
- November 26, 2019

People traveling across Wisconsin Tuesday evening or Wednesday morning for Thanksgiving should expect holiday travel headaches on the roads and in the air. It may start off as some light snow, but will transition to rain through the day with temperatures rising to the low 40s. There is the potential for areas to see 4-8 inches of snow accumulation overnight as the storm progresses. (more...)
Honda City Revealed, India Bound Honda City Revealed, India Bound
- November 26, 2019

This new sportier variant will get the complete RS package, the latest generation of Honda Connect technology and a new exterior colour - Ignite Red. In addition, the City RS gets a rear trunk lid spoiler also finished in glossy black, along with LED headlights with daytime running lights also using light-emitting diodes. (more...)
EBay's ticket subsidiary StubHub sells to viagogo for $4.05 billion EBay's ticket subsidiary StubHub sells to viagogo for $4.05 billion
- November 25, 2019

Secondary ticketing firm Viagogo has announced a $4bn (£3.1bn) deal to buy its rival StubHub , in a move it said would create more choice for customers. Both StubHub and the classifieds business each brought in less than 10 per cent of eBay's total revenue past year. In a statement , Baker said it has been his longtime wish to unite the two companies. (more...)
Louis Vuitton parent buying Tiffany for $16.2B Louis Vuitton parent buying Tiffany for $16.2B
- November 25, 2019

Founded in NY in 1837 and known for its signature robin's egg blue packaging, Tiffany is one of the best-known names in the sector and featured in the movie Breakfast at Tiffany's starring Audrey Hepburn. Yet even with that spree, LVMH has lagged behind Richemont in luxury jewelry, a significant area of growth in emerging markets such as China. The price tag is higher than the $14.5 billion cash offer LVMH made last month. (more...)
Hollywood restauranteur Harry Morton dies at 38 Hollywood restauranteur Harry Morton dies at 38
- November 25, 2019

The circumstances surrounding his death remain a mystery while an autopsy is pending. He was 38 years old. He dated actress Lindsay Lohan in 2006. It's upsetting for those close to him'. Harry is perhaps best known as the founder of the Pink Taco restaurant chain , which blossomed on the Sunset Strip in L.A. (more...)
Tesla's Cybertruck Reaches 200,000 Preorders Tesla's Cybertruck Reaches 200,000 Preorders
- November 25, 2019

Using those figures along with the 146,000 preorders, we can deduce that Tesla is looking at roughly $8 billion dollars in [potential] sales just from these preorders; that is if everyone decides to keep their order in play. No launch date for the Tesla Cybertruck has been confirmed yet, but expect it to hit the markets by the end of 2021 at the earliest. "146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor", Musk said in a tweet , adding separately that ... (more...)
LVMH close to buying Tiffany for more than $16.3 bln LVMH close to buying Tiffany for more than $16.3 bln
- November 25, 2019

LVMH, which is led by billionaire Bernard Arnault, is the owner of Louis Vuitton , Dior and Moet & Chandon. LVMH shares rose 2.3 percent to stand at 405.30 euros in midday trading in Paris . The revised offer was the second time that LVMH raised its bid for Tiffany, which is something of a NY institution. The revised price tag may reflect the changing fortunes of Tiffany, where Chief Executive Officer Alessandro Bogliolo has cut back on entry-priced gifting options and revamped its ... (more...)

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