Economy

Fed opens door to rate cut amid growing 'uncertainties'

Fed opens door to rate cut amid growing 'uncertainties'

In light of those growing uncertainties and a lack of price pressure, the Fed said it will continue to monitor data and "act as appropriate to sustain" almost 10 years of United States economic expans...

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Apple to move 15%-30% production capacity from China to Southeast Asia

Apple to move 15%-30% production capacity from China to Southeast Asia

Last week Foxconn , the Chinese company assembling iPhones , said it was ready, at any time, to move production of USA -bound iPhones outside of China, should Apple request it. This is not the...

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Truckla! US inventor turns her Tesla Model 3 into a bakkie

Truckla! US inventor turns her Tesla Model 3 into a bakkie

The end result is actually rather well finished, and reminds us of the Holden and Ford utilities which define the genre. Giertz admits that the whole project is a case of jumping into the deep end of ...

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Markets Right Now: S&P 500 index closes at a record high

Markets Right Now: S&P 500 index closes at a record high

Davidson. The U.S. central bank left rates unchanged at the end of its two-day June policy meeting on Wednesday, but pledged to "act as appropriate" to sustain economic health. "While the bar was se...

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Slack Sets IPO Reference Point At $26 Per Share

Slack Sets IPO Reference Point At $26 Per Share

A direct listing is a relatively new method of offering stock to the public, and differs from a traditional IPO in several ways. Shares in Slack jumped by more than 60pc on its market debut as Sil...

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Apple recalls some MacBook Pro laptops over fire safety risk

Apple recalls some MacBook Pro laptops over fire safety risk

Over the past several years, Apple also announced less critical replacement programs, such as for batteries and storage drives in the 13-inch MacBook Pro. However, this flaw doesn't seem to affect eve...

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Qantas unveils Frequent Flyer overhaul

Qantas unveils Frequent Flyer overhaul

Qantas will turn its attention from frequent flyers to frequent shoppers with the launch of the new Qantas Points Club later this year. A million extra seats and a slashing of carrier charges are t...

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What the Federal Reserve's rate cut decision means

What the Federal Reserve's rate cut decision means

The Federal Reserve did not change interest rates Wednesday but strongly signaled a willingness to cut soon to prevent the economy from slowing further. Instead, officials said they will "act as app...

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Oil prices tumble amid concerns over weakening demand

Oil prices tumble amid concerns over weakening demand

US business sentiment has sagged as tensions over trade have escalated between China and the United States and on signs of softness in the labour market. Bank of America Merrill Lynch lowered its Bren...

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Harley-Davidson inks deal to build small motorcycles in China

Harley-Davidson inks deal to build small motorcycles in China

Even if it will be made in China, the Americans say the new bike will keep true to the " rigorous quality standards and testing processes ", that have shaped recent motorcycles. "The global motorcycle...

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Fed Rate Cuts are Coming, So Why Didn't the Dollar Crash?

Fed Rate Cuts are Coming, So Why Didn't the Dollar Crash?

Even as the USA central bank left its benchmark interest rate unchanged for now, the shift in sentiment since its last policy meeting was marked. These two lines in the Fed's statement help to nar...

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GM Considering To Revive Hummer By Going Electric

GM Considering To Revive Hummer By Going Electric

Now it is the market itself that is demanding models like the missing Hummer , SUVs of large proportions with off road skills, and with that, General Motors is now planning to resurrect the Hummer, b...

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Facebook Reveals Launch Plans For Libra, Its Crypto Answer To Bitcoin

Facebook Reveals Launch Plans For Libra, Its Crypto Answer To Bitcoin

Facebook's Calibra will work with the Libra Association to put strong security measures in place to keep users' money and personal information protected. SAN FRANCISCO: Facebook unveiled plans Tue...

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Best Buy stores will soon offer Apple-certified repairs

Best Buy stores will soon offer Apple-certified repairs

That's great news for customers who don't live near an Apple Store or are turned off by the idea of mailing in their device for fix. Apple has faced criticism in the past from groups who say the i...

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Adidas' three stripes not distinctive enough for a trademark, court rules

Adidas' three stripes not distinctive enough for a trademark, court rules

Adidas said its trademark consisted of " three parallel equidistant stripes of equal width applied to the product in whichever direction " but the court said that " the mark is not a pattern mark co...

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Jamal Khashoggi killing: Saudi crown prince 'should face investigation'

Jamal Khashoggi killing: Saudi crown prince 'should face investigation'

According to Turkish intelligence, the report says, a Saudi security team swept the Saudi Consulate for bugs on September 27 - six days before Khashoggi's death. The CIA concluded previously tha...

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Skytrax names PAL as 'most improved airline' in 2019

Skytrax names PAL as 'most improved airline' in 2019

The annual World Airline Awards, established by Skytrax in 1999, is internationally recognized as the "Oscars" of the aviation industry to recognize the best-performing airlines. In other categories, ...

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Nikki Fried Trashes Republicans Ahead of Trump Rally

Nikki Fried Trashes Republicans Ahead of Trump Rally

In an editorial published Tuesday, the Sentinel, which has mostly supported Republican presidents since the 1950s, said they've seen "enough" after two and a half years of Mr. He thanked supporters fo...

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Facebook's new cryptocurrency raises privacy concerns

Facebook's new cryptocurrency raises privacy concerns

Facebook said it hopes Libra will make it easier for the estimated 1.7 billion unbanked adults worldwide to access banking services and transfer money electronically. "One possible reading is t...

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Jet Airways Bankruptcy Hearing From Wednesday; Founder Naresh Goyal 'Deeply Distressed'

Jet Airways Bankruptcy Hearing From Wednesday; Founder Naresh Goyal 'Deeply Distressed'

While Shaman Wheels is a motor dealership based in Mumbai , Gaggar Enterprises is a mineral water producer in Ahmedabad. Apart from banks, the airline also owes over Rs 10,000 crore to its hundreds o...

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Google pledges $1 bn for housing crisis in Bay Area

Google pledges $1 bn for housing crisis in Bay Area

YouTube has recently made "significant revisions" to its hate speech policy and removed over nine million videos in the last quarter as part of a process to reduce the spread of harmful content , ac...

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B.C. First Nation plans legal challenge over Trans Mountain decision

B.C. First Nation plans legal challenge over Trans Mountain decision

New Alberta conservative Premier Jason Kenney said his government appreciates the second federal cabinet approval of the project. Elected in 2017, Horgan has promised to fight the pipeline tooth and n...

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Honda Celebrates 60 Years In America By Restoring … A Chevy Pickup

Honda Celebrates 60 Years In America By Restoring … A Chevy Pickup

One of these trucks was pictured in an "iconic" photo taken in front of the company's original office. As part of the automaker's celebration of the 60th anniversary of its USA operations, it has re...

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Markets jump as Draghi hints at more eurozone stimulus

Markets jump as Draghi hints at more eurozone stimulus

The US central bank has been a target of Trump's wrath for the better part of a year because the president views the Fed's policy rate as too high. Draghi warned that trade disputes were among facto...

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Is Elon Musk closing troublesome Twitter account or teasing?

Is Elon Musk closing troublesome Twitter account or teasing?

Musk has previously been accused by the U.S. Securities and Exchange Commission for disclosing misleading corporate information about Tesla on Twitter . After midnight on Monday, Musk tweeted, "Just...

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Here's how you can get free Taco Bell today

Here's how you can get free Taco Bell today

All you have to do is show up - there's no other requirement. "And not just any taco". Free tacos and absolutely no purchase necessary. Whether your team wins or loses, Taco Bell is game to unit...

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Facebook announces that its cryptocurrency will launch next year

Facebook announces that its cryptocurrency will launch next year

Facebook is leaping into the world of cryptocurrency with its own digital money, created to let people save, send or spend money as easily as firing off text messages. "We view Facebook's introduction...

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London opens stock market for a tickling from Chinese tentacles

London opens stock market for a tickling from Chinese tentacles

In order to participate, Chinese companies must have a minimum market capitalization of Rmb20bn ($2.9 billion) to list on the London Stock Exchange. It will mean United Kingdom listed companies can be...

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Elon Musk said he deleted his Twitter account. He has not

The Tesla CEO changed his Twitter display name to Daddy DotCom on Father's Day. Then he signalled in a tweet that he was scrapping the account. Musk on Monday morning posted a tweet to his Tw...

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Plane landing at Newark airport blows tires and skids on runway

Plane landing at Newark airport blows tires and skids on runway

As mentioned, there were flight delays at the airport due to this incident. It got stuck in the grassy area off the landing strip. After landing, the aircraft became disabled which is now affecting op...

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Qantas cuts price of Perth to London flight in new sale

Qantas cuts price of Perth to London flight in new sale

The flights will be serviced by Qantas's Boeing 787-9 Dreamliners, the same aircraft used for non-stop flights from Perth to London . As with the Perth-London Boeing 787 flights, Qantas will encour...

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Huawei founder says to cut output by $30 billion in 2019-20

Huawei founder says to cut output by $30 billion in 2019-20

Ren added, however, that sales growth in China's domestic market remained "very fast". The alleged activity occurred during 2012-13, and relates to Huawei's attempts to build a robot similar to the ...

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Bitcoin surpasses $9,000 setting another yearly record

Bitcoin surpasses $9,000 setting another yearly record

At press time, Bitcoin has gone down a little and is trading at $9,153 as per CoinMarketCap. Bitcoin is up by more than 4% in the past 24 hours, 14% in the past week and more than 21% in the past mo...

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Canada to allow the sale of marijuana edibles

Canada to allow the sale of marijuana edibles

However, federal cannabis licence holders must provide 60 days notice to Health Canada of their intent to sell new products. Slack a year ago, Aurora launched a high-potency, vape-ready CBD oi...

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Lawsuit claims Amazon’s Alexa devices record without consent

Lawsuit claims Amazon’s Alexa devices record without consent

In the complaint is filed by two law firms, Quinn Emanuel Urquhart & Sullivan and Keller Lenkner, on behalf of an unnamed minor and other similarly situated children, plaintiffs criticize Amazon's...

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