Markets
Electric SUV maker Rivian receives fresh investment of $1.3 billion
- December 25, 2019
Both models are based on a Rivian-designed "skateboard", a chassis that bundles electric motor, batteries and controls and can accommodate a variety of body styles. In January 2017, Rivian purchased an idled Mitsubishi assembly plant in Normal, Illinois, for $16 million. "We want to maintain a meaningful value in the ownership and future of that company", Ford spokesman T.R. (more...)
- December 25, 2019
Both models are based on a Rivian-designed "skateboard", a chassis that bundles electric motor, batteries and controls and can accommodate a variety of body styles. In January 2017, Rivian purchased an idled Mitsubishi assembly plant in Normal, Illinois, for $16 million. "We want to maintain a meaningful value in the ownership and future of that company", Ford spokesman T.R. (more...)
Saudi Aramco lauds Saudi-Kuwait oilfield agreement
- December 25, 2019
The two fields were pumping some 500,000 barrels per day before production was halted, first at Khafji in October 2014 and then at Wafra seven months later, over a dispute between the neighbours. The agreement was reached after a lengthy process involving large teams of political, technical and legal representatives. The fields are particularly important because USA sanctions on Iran and Venezuela have tightened the supply of heavy, high-sulfur crude - precisely the kind of oil that the ... (more...)
- December 25, 2019
The two fields were pumping some 500,000 barrels per day before production was halted, first at Khafji in October 2014 and then at Wafra seven months later, over a dispute between the neighbours. The agreement was reached after a lengthy process involving large teams of political, technical and legal representatives. The fields are particularly important because USA sanctions on Iran and Venezuela have tightened the supply of heavy, high-sulfur crude - precisely the kind of oil that the ... (more...)
U.S. open: Stocks trade flat in shortened session
- December 25, 2019
The Dow Jones Industrial Average and the S&P 500 hovered near Monday's closes - the indexes' highest ever - for most of the session, bobbing above and below the flatline. YIELDS: The 10-year Treasury yield slipped to 1.92% from 1.93% late Monday. The departure did not come as a surprise. Shares in mining company Freeport-McMoRan climbed 1.1% as the price of gold rose. (more...)
- December 25, 2019
The Dow Jones Industrial Average and the S&P 500 hovered near Monday's closes - the indexes' highest ever - for most of the session, bobbing above and below the flatline. YIELDS: The 10-year Treasury yield slipped to 1.92% from 1.93% late Monday. The departure did not come as a surprise. Shares in mining company Freeport-McMoRan climbed 1.1% as the price of gold rose. (more...)
Elon Musk Makes Weed Joke As Tesla Shares Hit $420
- December 25, 2019
Securities and Exchange Commission, Musk paid $20 million, stepped down as Tesla chairman and agreed to have his material statements overseen by the company's board. Shares closed the following day down 7% at $261.95 per share. Tesla shares have now surged about 66% since reporting a surprise profit on October 23. (more...)
- December 25, 2019
Securities and Exchange Commission, Musk paid $20 million, stepped down as Tesla chairman and agreed to have his material statements overseen by the company's board. Shares closed the following day down 7% at $261.95 per share. Tesla shares have now surged about 66% since reporting a surprise profit on October 23. (more...)
Travis Kalanick leaving Uber board of directors
- December 24, 2019
Kalanick's clean split from the company comes as no surprise. The former chief executive officer is left with 8.2 million Uber shares after the latest selloff, worth about $250.3 million at a current market price. Uber shares were up less than one per cent to US$30.54 at 9:39 a.m.in NY. In 2017, a former Uber engineer, Susan Fowler, leveled sexual harassment and sexism allegations in a blog post about her year at Uber. (more...)
- December 24, 2019
Kalanick's clean split from the company comes as no surprise. The former chief executive officer is left with 8.2 million Uber shares after the latest selloff, worth about $250.3 million at a current market price. Uber shares were up less than one per cent to US$30.54 at 9:39 a.m.in NY. In 2017, a former Uber engineer, Susan Fowler, leveled sexual harassment and sexism allegations in a blog post about her year at Uber. (more...)
Lucky winners share in massive prizes offered in world's richest lottery
- December 24, 2019
The nationally televised draw was held at Madrid's Teatro Real opera house where children sang out the winning numbers during the three hour event. The winners won €20,000 for each €1 spent on a €20 ticket. The top prize is one of several prizes that the lottery is giving out this year, totaling 2.24 billion euros, or $2.43 billion. Winners of the top prize will pay 76,000 euros ($84,000) in taxes. (more...)
- December 24, 2019
The nationally televised draw was held at Madrid's Teatro Real opera house where children sang out the winning numbers during the three hour event. The winners won €20,000 for each €1 spent on a €20 ticket. The top prize is one of several prizes that the lottery is giving out this year, totaling 2.24 billion euros, or $2.43 billion. Winners of the top prize will pay 76,000 euros ($84,000) in taxes. (more...)
Oil prices rise in quiet Christmas Eve trade amid supply cuts
- December 24, 2019
OPEC and allies agreed in November to extend and deepen output curbs in place since 2017. The reduction of output could see as much as 2.1 million barrels per day (bpd) taken off the market, or about 2 per cent of global demand. American crude stockpiles fell by 1.7 million barrels last week, according to a Bloomberg survey before Energy Information Administration data on Friday. (more...)
- December 24, 2019
OPEC and allies agreed in November to extend and deepen output curbs in place since 2017. The reduction of output could see as much as 2.1 million barrels per day (bpd) taken off the market, or about 2 per cent of global demand. American crude stockpiles fell by 1.7 million barrels last week, according to a Bloomberg survey before Energy Information Administration data on Friday. (more...)
Pharmacy opening times in Newbury at Christmas and New Year
- December 24, 2019
It should come as no surprise that coffee chains are doing their best to remain open on holidays like Christmas Eve and Christmas Day . However, this year, President Donald Trump has declared Christmas Eve a federal holiday and has given most federal workers the day off. (more...)
- December 24, 2019
It should come as no surprise that coffee chains are doing their best to remain open on holidays like Christmas Eve and Christmas Day . However, this year, President Donald Trump has declared Christmas Eve a federal holiday and has given most federal workers the day off. (more...)
Passengers injured as cruise ships crash into each other
- December 23, 2019
Around six people were reportedly injured in the collision. In a video, Carnival Glory can be seen crashing into the back of Carnival Legend, another cruise. The company ruled out the possibility of the cruise itinerary being affected due to the incident. It said six guests came to the Glory's medical center for evaluation for minor injuries. (more...)
- December 23, 2019
Around six people were reportedly injured in the collision. In a video, Carnival Glory can be seen crashing into the back of Carnival Legend, another cruise. The company ruled out the possibility of the cruise itinerary being affected due to the incident. It said six guests came to the Glory's medical center for evaluation for minor injuries. (more...)
Google’s Sundar Pichai Scores Huge Pay Increase With Promotion To Alphabet CEO
- December 23, 2019
The tech giant said that the increase in salary was in recognition of Sundar Pichai's "expanded role as CEO of Alphabet and Google ". This includes $90 million stock grants based on Alphabet's performance. Tensions between workers and management have intensified lately after internal protests sparked a crackdown. Pichai, who grew up in Chennai and studied engineering at the Indian Institute of Technology, holds a Master's degree from Stanford University and an MBA from the Wharton School. (more...)
- December 23, 2019
The tech giant said that the increase in salary was in recognition of Sundar Pichai's "expanded role as CEO of Alphabet and Google ". This includes $90 million stock grants based on Alphabet's performance. Tensions between workers and management have intensified lately after internal protests sparked a crackdown. Pichai, who grew up in Chennai and studied engineering at the Indian Institute of Technology, holds a Master's degree from Stanford University and an MBA from the Wharton School. (more...)
Digital Ventures-backed Ripple hits decacorn status with $200m Series C
- December 23, 2019
The company has offices in San Francisco, New York, London, India, Singapore and São Paulo as well as has more than 350 employees and more than 200 customers around the world. One exec spoke of "deep-pocketed enterprises" looking to move into the micro-payments world, and looking for developers to help them. Ripple provides a real-time gross settlement system, currency exchange and remittance network created by the Ripple company. (more...)
- December 23, 2019
The company has offices in San Francisco, New York, London, India, Singapore and São Paulo as well as has more than 350 employees and more than 200 customers around the world. One exec spoke of "deep-pocketed enterprises" looking to move into the micro-payments world, and looking for developers to help them. Ripple provides a real-time gross settlement system, currency exchange and remittance network created by the Ripple company. (more...)
Consumer Spending Down South Jumps in Q3
- December 22, 2019
Profits were previously reported to have decreased $11.3 billion, or at a rate of 0.6% in the third quarter. At the same time, Boeing Co.'s decision to pause production of the grounded 737 Max jet will reduce first-quarter growth by about a half percentage point, several analysts estimated this week. (more...)
- December 22, 2019
Profits were previously reported to have decreased $11.3 billion, or at a rate of 0.6% in the third quarter. At the same time, Boeing Co.'s decision to pause production of the grounded 737 Max jet will reduce first-quarter growth by about a half percentage point, several analysts estimated this week. (more...)
Ohio's Unemployment Rate Still 4.2% As State Adds Jobs
- December 22, 2019
Bureau of Labor Statistics released by the New Jersey Department of Labor and Workforce Development on December 19, total nonfarm wage and salary employment was up by 7,200, but as more residents enter the workforce looking for work the unemployment rate crept up 0.2 percentage points to 3.4 percent. (more...)
- December 22, 2019
Bureau of Labor Statistics released by the New Jersey Department of Labor and Workforce Development on December 19, total nonfarm wage and salary employment was up by 7,200, but as more residents enter the workforce looking for work the unemployment rate crept up 0.2 percentage points to 3.4 percent. (more...)
Ford recalls over 600,000 old cars for brake issue
- December 22, 2019
The issue stems from a valve in the hydraulic control unit that may get stuck open and affect brake pedal travel. Ford said it is aware of 15 reports of accidents and two injuries related to the issue on the vehicles that were built at its Hermosillo Assembly Plant in Mexico from February 22, 2006 to July 15, 2019. (more...)
- December 22, 2019
The issue stems from a valve in the hydraulic control unit that may get stuck open and affect brake pedal travel. Ford said it is aware of 15 reports of accidents and two injuries related to the issue on the vehicles that were built at its Hermosillo Assembly Plant in Mexico from February 22, 2006 to July 15, 2019. (more...)
GM Recalling Pickups to Fix Brakes, Battery
- December 22, 2019
General Motors is recalling more than 814,000 of its most popular vehicles, because of two potential problems with brakes and batteries. Also, battery cable issues that could cause a fire are behind GM recalling close to a half million 2019-2020 Chevrolet Silverado 1500 and GMC Sierra 1500 trucks . (more...)
- December 22, 2019
General Motors is recalling more than 814,000 of its most popular vehicles, because of two potential problems with brakes and batteries. Also, battery cable issues that could cause a fire are behind GM recalling close to a half million 2019-2020 Chevrolet Silverado 1500 and GMC Sierra 1500 trucks . (more...)
Hard-Boiled Eggs Linked to Listeria Outbreak
- December 22, 2019
The CDC has issued a food safety warning after an outbreak of Listeria monocytogenes infected at least seven people across five states, with four hospitalizations and one death being reported. Because the public can not easily find out where the product comes from, retailers are advised to not sell the product, regardless of the use-by date. (more...)
- December 22, 2019
The CDC has issued a food safety warning after an outbreak of Listeria monocytogenes infected at least seven people across five states, with four hospitalizations and one death being reported. Because the public can not easily find out where the product comes from, retailers are advised to not sell the product, regardless of the use-by date. (more...)
Google fined $218-million by France for opaque advertising rules
- December 22, 2019
The fine comes as France and other European countries maintain high levels of scrutiny on major United States tech companies such as Google , Facebook, Apple, and Amazon, which are often criticized for having relatively low tax payments. (more...)
- December 22, 2019
The fine comes as France and other European countries maintain high levels of scrutiny on major United States tech companies such as Google , Facebook, Apple, and Amazon, which are often criticized for having relatively low tax payments. (more...)
Facebook, Instagram ban 'influence' users from pitching tobacco, guns
- December 22, 2019
The ruling followed complaints from Action on Smoking and Health, Campaign for Tobacco-Free Kids and Stop (Stopping Tobacco Organisations and Products) that the posts broke advertising rules by promoting unlicensed, nicotine-containing e-cigarettes and their components on Instagram. (more...)
- December 22, 2019
The ruling followed complaints from Action on Smoking and Health, Campaign for Tobacco-Free Kids and Stop (Stopping Tobacco Organisations and Products) that the posts broke advertising rules by promoting unlicensed, nicotine-containing e-cigarettes and their components on Instagram. (more...)
Dollar gains on Fed rates view, stocks edge higher
- December 22, 2019
The Federal Reserve will have to see a substantial change in economic conditions before making any shifts in its monetary policy, New York Fed President John Williams said Wednesday. The normally sleepy Hong Kong dollar hit a five-month high, roused into its sharpest rally in a year by investment flows from China, cooling unrest and a global unwinding of long positions in the greenback. (more...)
- December 22, 2019
The Federal Reserve will have to see a substantial change in economic conditions before making any shifts in its monetary policy, New York Fed President John Williams said Wednesday. The normally sleepy Hong Kong dollar hit a five-month high, roused into its sharpest rally in a year by investment flows from China, cooling unrest and a global unwinding of long positions in the greenback. (more...)
United States stocks biggest weekly gain since Sept
- December 22, 2019
As of writing, the Dow Jones Industrial Average was up 0.35% on the day while the S&P 500 and the Nasdaq Composite were adding 0.4% and 0.3%, respectively. Rite Aid, Conagra Brands and Micron Technology rose after posting quarterly results that exceeded analysts' forecasts. The company behind Haagen-Dazs ice cream and Yoplait yogurt said its sales were flat from a year ago, which was a touch weaker than analysts expected, but it made more in profit from each $1 in sales than Wall Street ... (more...)
- December 22, 2019
As of writing, the Dow Jones Industrial Average was up 0.35% on the day while the S&P 500 and the Nasdaq Composite were adding 0.4% and 0.3%, respectively. Rite Aid, Conagra Brands and Micron Technology rose after posting quarterly results that exceeded analysts' forecasts. The company behind Haagen-Dazs ice cream and Yoplait yogurt said its sales were flat from a year ago, which was a touch weaker than analysts expected, but it made more in profit from each $1 in sales than Wall Street ... (more...)
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