Economy

Amazon lets some Alexa workers see exactly where you are

Amazon lets some Alexa workers see exactly where you are

The Alexa Data Services team is in charge of reviewing recordings of Alexa conversations to help train the AI and has thousands of members in Boston, India, and Romania. The company added that it regu...

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RBA might cut rates four times this year

RBA might cut rates four times this year

However, it is, of course, a holiday here in Australia for ANZAC day along with New Zealand, so we would expect lighter volumes. Without the major banks and institutions in the market, the Aussie and ...

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Uber Plans Initial Price Range Of $44-$50 Per Share (NASDAQ:LYFT)

Uber Plans Initial Price Range Of $44-$50 Per Share (NASDAQ:LYFT)

The valuation that Uber is seeking in its IPO is less than the $120 billion that investment bankers told Uber a year ago it could fetch, and closer to the $76 billion valuation it attained in its last...

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Canadian privacy watchdogs find major shortcomings in Facebook probe

Canadian privacy watchdogs find major shortcomings in Facebook probe

The federal commissioner says he will be bringing this Facebook matter to federal court, adding current privacy laws are not sufficient enough to deal with companies like the social media giant. "Thei...

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Occidental outbids Chevron with $38 billion bid to purchase Anadarko

Occidental outbids Chevron with $38 billion bid to purchase Anadarko

The $76.00 per share cash-and-stock proposal from Occidental represents a premium of around 20 percent to the current value of the transaction with Chevron that Anadarko had accepted, Occidental said ...

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Waymo to produce autonomous cars in Detroit

Waymo to produce autonomous cars in Detroit

Financial details of the arrangement weren't disclosed. Today, Waymo , the self-driving vehicle technology startup, announced that it will be setting up shop in a Detroit suburb and will bring ...

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Amazon Prime two-day shipping will go down to one day

Amazon Prime two-day shipping will go down to one day

Amazon says it will offer one-day shipping to its Prime members around the world. "But this is still a big investment and a lot of work to do ahead of us". The news came as a response to questions abo...

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Watching Shares of Canadian National Railway (CNI) — Technical Focus

Watching Shares of Canadian National Railway (CNI) — Technical Focus

Analysts therefore consider the investment a net gain. Given the importance of identifying companies that will grow earnings per share at high rate, we then need to consider how to identify which co...

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Japanese Court OKs Ghosn's Release on Bail, Rejects Prosecutors' Appeal

Japanese Court OKs Ghosn's Release on Bail, Rejects Prosecutors' Appeal

Nissan lowered its profit forecasts for the fiscal year through March for the second time Wednesday, acknowledging the downward revision reflected the fallout from the Ghosn scandal, as well as slowin...

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Up Or Down::Tesla, Inc. (NASDAQ: TSLA)

Up Or Down::Tesla, Inc. (NASDAQ: TSLA)

Specifically, ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr.in his book, "New Concepts in Technical Trading Systems". Calculated by dividing a company's annu...

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Duterte leaves for Belt and Road Forum in China

Duterte leaves for Belt and Road Forum in China

He will also visit Sensetime Ltd, a global leader of Artificial Intelligence (AI) technology and hold a dialogue session with China's captains of industry as well as the private sector to try to entic...

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U.S. intelligence claims Huawei funded by China state security

U.S. intelligence claims Huawei funded by China state security

Last month, the company announced its earnings increased 25 per cent in 2018 over 2017 and revenues grew almost 20 per cent, crossing the $100bn mark for the first time. The Chinese telecom company ha...

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Microsoft valuation crosses $1 trillion; powered by Windows revenue, cloud business

Microsoft valuation crosses $1 trillion; powered by Windows revenue, cloud business

Meanwhile, the Productivity and Business Process division, which includes Office software and cloud platforms, trousered $10.2bn, up 14 per cent from previous year. Microsoft says that Windows OEM re...

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Ford to build to electric auto on Rivian platform, invest in company

Ford to build to electric auto on Rivian platform, invest in company

Ford plans on developing a new vehicle with Rivian's "skateboard" platform , the thin base frame of the vehicle that houses its brakes, suspension, cooling systems and battery. This is the second la...

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China to Ban Poker, Mahjong, Blood, and Imperial Online Games

China to Ban Poker, Mahjong, Blood, and Imperial Online Games

Well, it seems like today is the day - but there's a catch. Due to the threat of illegal gambling, the game of Mahjong and poker games have been banned . This is being done in a bid to improve the ...

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Record day on Wall Street

Record day on Wall Street

While the tech-heavy Nasdaq had help from eBay Inc's upbeat earnings and a chipmaker rally, investors were digesting a mixed bag of reports. Investors seem to have turned slightly more cautious af...

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Kohl's will begin accepting Amazon returns in all its United States stores

Kohl's will begin accepting Amazon returns in all its United States stores

The items will be packaged and returned to Amazon. With today's announcement, that number jumped to 1,150 locations in 48 states. Kohl's and Amazon first worked together in 2017 to pilot the returns...

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Inside Beyond Meat's $184M IPO plans

Inside Beyond Meat's $184M IPO plans

The updated $1.21 billion valuation figure for Beyond Meat may not be out of bounds. The company's meat-like Beyond Burger has had a strong foothold in the plant-based space for years. The exit ...

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Facebook warns of potential $5 billion FTC fine

Facebook warns of potential $5 billion FTC fine

Also critical to Facebook shares will be the commentary the management provide about its outlook for fiscal 2019 and beyond. Shares jumped more than 4.5% in after hours trading. Earlier, they declined...

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Microsoft's commercial cloud revenue hits $38.4 billion run rate in Q3

Microsoft earned $1.14 per share, exceeding analyst expectations of $1.00 earnings per share. Azure growth is decelerating a bit. Will these projections pan out? Its gaming revenue was up only 5 per...

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Key aide to Kim Jong Un 'removed from post'

Key aide to Kim Jong Un 'removed from post'

Interested in North Korea? "In the last few months the situation around the peninsula has stabilised somewhat, thanks in large part to North Korea's initiatives of stopping rocket testing and cl...

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Trump threatens new trade tariffs after Harley-Davidson sales slump

Trump threatens new trade tariffs after Harley-Davidson sales slump

Earlier in 2019, the company announced that the retaliatory duties imposed by the European Union in response to Trump's tariffs on steel and aluminum would cost the company between US$100 million and ...

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China's wannabe Starbucks brews a muddy IPO

Luckin, which now ranks as China's second-largest coffeehouse chain, said it would look to raise $100 million in its IPO, but did not say how many shares would be offered for sale. Starbucks operates ...

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Tesla upgrades Model S, X cars, brings backs cheaper variants

Tesla upgrades Model S, X cars, brings backs cheaper variants

To do this, Tesla's engineering team optimized the "permanent magnet synchronous reluctance motor, silicon carbide power electronics, and improved lubrication, cooling, bearings, and gear designs". Ac...

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TSX, S&P 500 hit new closing highs on Tuesday

The S&P has risen 17 percent so far this year, with help from a dovish Federal Reserve and hopes of a U.S. -China trade resolution as well as an upbeat start to the first-quarter earnings season. "We'...

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Trump Meets With Twitter CEO Jack Dorsey After Complaining of Bias

Trump Meets With Twitter CEO Jack Dorsey After Complaining of Bias

The San Francisco-based company reported $787 million in revenue, an 18 per cent increase from the year-earlier period. Its shares rose more than 8% in trading before the market opened. Monthly active...

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Tesla shows off self-driving technology to investors

Tesla shows off self-driving technology to investors

We wouldn't be surprised if the company later contended that Tesla also mispronounced its name or something. The company was two years late in delivering semi-autonomous features and has yet to comple...

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Elizabeth Warren proposes wiping out student loan debt

Elizabeth Warren proposes wiping out student loan debt

Elizabeth Warren kicked off her policy announcements back in January with a proposed tax on the wealthiest 0.1% of Americans . "Once we've cleared out the debt that's holding down an entire gene...

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Harley-Davidson profit exceeds estimates as Trump changes tune

Harley-Davidson profit exceeds estimates as Trump changes tune

The US President had previously criticised the US bike maker for its plans to shift American production overseas to avoid European Union tariffs. Levatich said Europe will be "even more important" t...

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Google spinoff Wing lands FAA clearance for drone deliveries

Google spinoff Wing lands FAA clearance for drone deliveries

Speaking with Bloomberg , Burgess said the "very rigorous and very thorough" FAA certification process took months and required Wing to create "extensive manuals, training routines and a safety hiera...

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Crypto Firms Barred From Indian Central Bank Fintech Sandbox

Crypto Firms Barred From Indian Central Bank Fintech Sandbox

This move by the RBI has made it further clear that the central bank is still not completely satisfied by cryptocurrencies and doesn't want to accept or approve them unless it is completely satisfie...

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USA existing home sales fall more than expected in March

The slowdown among higher-priced homes has occurred because of weaker demand. While lower borrowing costs and house prices as well as strengthening wage growth have improved affordability, land and ...

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Air India Express mulls leasing some Jet Airways' Boeing 737

Air India Express mulls leasing some Jet Airways' Boeing 737

The airline has also started to re-brand the sub-leased aircraft with SpiceJet insignia. The grounding of planes by Jet Airways has resulted in capacity reduction in the domestic sector, which has als...

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Crude oil price inches up on signs of squeezed global supply

Crude oil price inches up on signs of squeezed global supply

The price of "black gold" was also supported by the decline in US stocks. For the week, June WTI crude oil settled at $64.07, down $0.05 or -0.08% and June Brent crude oil finished at $71.97, up...

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Strike Is Over, Stop and Shop Workers to Return to Work Monday

Strike Is Over, Stop and Shop Workers to Return to Work Monday

Stop & Shop announced that it has reached a tentative agreement with employees who have been on strike . They are protesting what they call cuts to health care and take-home pay in the company's la...

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