Economy

Amazon eclipses Microsoft as most valuable US company

Amazon eclipses Microsoft as most valuable US company

Market capitalization is determined by multiplying a company's share price by the number of shares it has outstanding. Amazon surpassed Microsoft to become the world's largest public company on Mond...

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Elon Musk breaks ground on Tesla’s Shanghai 'gigafactory'

Elon Musk breaks ground on Tesla’s Shanghai 'gigafactory'

Analysts say production in China would allow Tesla to side-step such measures, which have already caused a spike in the price of the cars the company now imports to the Chinese market. The Shanghai ...

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New poll finds most Britons now oppose Brexit, want second referendum

New poll finds most Britons now oppose Brexit, want second referendum

Pro-Remain MPs are targeting the Government's finances as part of a last-ditch effort to prevent a no-deal Brexit, taking inspiration from the United States government shutdown now suffered by Donald...

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China to cut banks' reserve requirement ratios, taxes

China to cut banks' reserve requirement ratios, taxes

China will likely cut reserve requirement ratios (RRR) again this month and improve credit conditions ahead of the annual Lunar New Year in China which will result in a tightening of liquidity. Early...

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Tesla to break ground on Shanghai Gigafactory today - CEO Musk

Tesla to break ground on Shanghai Gigafactory today - CEO Musk

The medium range Model 3 which is just rear-wheel drive and travels 260 miles on a charge is not listed on the design studio. Tesla has said it aims to produce its Model 3 mass-market vehicle fr...

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DoorDash, GM Cruise start autonomous auto tests in March

DoorDash, GM Cruise start autonomous auto tests in March

DoorDash CEO Tony Xu said the companies would "evaluate and develop safety, operational, and other learnings" in the pilot. "Then, the customer will be notified when the autonomous vehicle is approac...

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Samsung smart TVs are getting iTunes and AirPlay 2 support

Samsung smart TVs are getting iTunes and AirPlay 2 support

In a first among TV manufacturers, Samsung has announced that its 2019 TVs will ship with an iTunes Movies and TV Shows app in over 100 countries as well as AirPlay 2 support in 190 countries. N...

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Regional Airbag Problem Behind Ford Recall News Centre News

Regional Airbag Problem Behind Ford Recall News Centre News

While airbags are designed to explode and inflate on impact, the Takata bags are exploding with too much force, damaging a metal canister inside the bag and creating risky shrapnel. The faulty inflato...

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Rio Tinto Plc (RIO)'s Stock Drops -10.65% For Quarter

Rio Tinto Plc (RIO)'s Stock Drops -10.65% For Quarter

Rio Tinto Plc shares have moved -4.99 over the past week. Reviewing trades over the past six months, investors should be able to see what has worked and what has not. On the surface, it seems as the ...

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Oil Rises Above $57 on China-US Trade Talks, OPEC Cuts

Oil Rises Above $57 on China-US Trade Talks, OPEC Cuts

WTI decreased 0.57 percent, and Brent crude decreased 3.01 percent. Data for December from the Institute for Supply Management (ISM) on Thursday showed the broadest US slowdown in growth in a deca...

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Norway sets record for sales of EVs

Norway sets record for sales of EVs

This Scandivanian nation has been a pioneer in turning itself into a greener economy. ZEV passenger vehicle sales were up 13,063 units from 2017, when market share was 20.8 per cent. Three of the fi...

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What Economists Are Saying Ahead of December's U.S. Jobs Report

What Economists Are Saying Ahead of December's U.S. Jobs Report

US stocks and Treasury yields surged Friday after Labor Department figures showed employers added the most workers in 10 months, wage gains accelerated and labor-force participation jumped. The ri...

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Apple Plunge Deepens Warren Buffett's Book Value Woes

Apple Plunge Deepens Warren Buffett's Book Value Woes

Why should bad news for Apple turn into almost as bad news for Berkshire Hathaway stock? Berkshire's businesses were a cushion during the global financial crisis in 2008, when book value per...

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Video shows Florida man attacking McDonald's employee over plastic straw

Video shows Florida man attacking McDonald's employee over plastic straw

She gained the upper hand before fellow workers stepped in. "My problem is he called me last night about 6:30 pm", wrote Doraetta Hesse. However, the man is arrested and spent New Year's day in a ...

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Nissan's Munoz Takes Leave of Absence in Wake of Ghosn Arrest

Nissan's Munoz Takes Leave of Absence in Wake of Ghosn Arrest

Ghosn has already received an indictment for underreporting his income but denied the allegations, saying his remuneration had not been officially fixed and were therefore not subject to obligatory de...

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Infiniti's QX Inspiration shows off new design language ahead of Detroit

Infiniti's QX Inspiration shows off new design language ahead of Detroit

First teased in December, the Infiniti QX Inspiration concept is a design study vehicle meant to represent the future of the Japanese automaker's design, specifically with regard to high-performan...

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'Amazing blessing': $39.5M Lotto Max winner to continue playing the lottery

'Amazing blessing': $39.5M Lotto Max winner to continue playing the lottery

She bought the ticket at Tsawwassen Mills shopping centre in Delta while doing some Boxing Day shopping. She won the jackpot in the December 28 draw and says she and her family spent a few days cele...

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Ryanair named 'worst short-haul airline' for sixth year running

Ryanair named 'worst short-haul airline' for sixth year running

The airline scored just 40% from it's customer score, with passengers gave the airline the lowest possible rating for boarding, seat comfort, food and drink, and cabin environment. However, independen...

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L train will no longer shutdown between Brooklyn, Manhattan: Cuomo

On Thursday, with those engineers by his side, the governor announced the end of the so-called "L-pocalypse", canceling the tunnel closures after having come up with a new design to resolve the damage...

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Fed Chief Jerome Powell Says He Won't Resign If Trump Asks

Fed Chief Jerome Powell Says He Won't Resign If Trump Asks

Invoking events of 2016, when the Fed held rates unchanged through most of the year amid financial market turmoil spurred by concerns over slower growth in China, Powell said he's "listening sensi...

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Ford recalls over 953,000 vehicles to replace inflators

Ford recalls over 953,000 vehicles to replace inflators

At least 23 people have been killed worldwide by the inflators. Takata used the chemical ammonium nitrate to create an explosion to inflate air bags. Ford says dealers will replace the airbag inflat...

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Apple Stock Price Plunges After Earnings Warning

Apple Stock Price Plunges After Earnings Warning

Fallout from the Apple news also caused chip stocks such as Advanced Micro Devices, Nvidia and Qorvo to fall, along with Skyworks which dropped more than 10 percent. Economic weakness in some emergi...

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Aussie dollar bounces from 10 year low

Aussie dollar bounces from 10 year low

SINGAPORE, Jan 3 (Reuters) - The yen soared versus its peers on Thursday, breaking through key technical support levels as heightened global growth risks pushed investors into safe haven-assets in mov...

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US Economy Smashes Expectations Adding 312,000 Jobs in December

US Economy Smashes Expectations Adding 312,000 Jobs in December

Major companies such as Apple say their sales are being jeopardized by the tariff war between Washington and Beijing, and an important gauge of USA manufacturing posted its steepest decline in a decad...

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Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

Mozambique's former finance minister, Manuel Chang , and a senior executive from the shipbuilder Privinvest Group, Jean Boustani, have also been arrested in South Africa and NY, respectively, in r...

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Bluefin tuna sells for £2.5m world record at Tokyo fish market

Bluefin tuna sells for £2.5m world record at Tokyo fish market

But he added: "The quality of the tuna I bought is the best". Kimura has often won the annual auction in the past. "The price was higher than originally thought, but I hope our customers will eat th...

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Twitchy investors: Aussie dollar tanks to 10-year low against USD

Twitchy investors: Aussie dollar tanks to 10-year low against USD

MSCI's gauge of stocks across the globe shed 1.24 percent. Stocks surged further, with Wall Street up more than 3 percent, after Powell said policymakers were paying attention to market activity and...

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Polestar 2: 300-mile, 400-hp electric sedan coming soon

Polestar 2: 300-mile, 400-hp electric sedan coming soon

The image provides an incomplete look at the Polestar 2 , revealing a seemingly flat rear window joined by full width tail lights. Since the Polestar 2 will compete with the Tesla Model 3 , the ...

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Beer, soft drinks to sell in US$

Beer, soft drinks to sell in US$

Sources say the minister of Industry and Commerce Mr Mhangaliso Ndlovu will meet the Delta officials this Friday after a directive from President Emmerson Mnangagwa who had to cut short his annual lea...

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LA sues Weather Channel app owner over 'fraudulent' data use

LA sues Weather Channel app owner over 'fraudulent' data use

A spokesman for IBM Corp., which owns the app, denied the allegations. When asking users for permission to turn on location tracking, the iOS and Android app does not "give users any reason to bel...

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Marriott says fewer guests affected in Starwood hack

Marriott says fewer guests affected in Starwood hack

Marriott initially reported that it estimated some 500 million guests who made a reservation at a Starwood property from 2014 to September 10, 2018 may have been impacted by the data breach. "There is...

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Tax Refunds From IRS May Be Delayed Due to Government Shutdown

Tax Refunds From IRS May Be Delayed Due to Government Shutdown

The longer that continues, the greater the chance that tax returns - and refunds - will be impacted. In addition, there is a new 1040 form this year because of the new tax law that was passed just m...

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Comox Valley property assessments on the rise

BC Assessment released numbers on the market trends for single-family residential properties by geographic area. "It's softening across the board actually", he added. "In order to build homes on [s...

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Top Democrat: Trump says he'd shut government for years

Top Democrat: Trump says he'd shut government for years

He then left without taking questions from reporters. Dubbed the "For the People Act", the legislation marks an effort by Democrats to set a tone of good government as they take the majority followi...

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Cleveland officials investigating what made passengers sick on Tampa-bound flight

Cleveland officials investigating what made passengers sick on Tampa-bound flight

According to officials at Tampa International Airport, six passengers on Frontier Airlines Flight 1397 from Cleveland to Tampa got sick aboard the plane, causing alarm among other passengers. "Results...

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