Economy

Ford makes major investment in electric vehicle startup

Ford makes major investment in electric vehicle startup

Bill Ford, executive chairman, Ford said: "We are excited to invest in and partner with Rivian". "We're open-minded to its fresh approach to electric vehicles". The companies haven't revealed how ...

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Altrincham's Debenhams store is to close

Altrincham's Debenhams store is to close

It comes after the department store confirmed it intends to close 22 stores - including one in Sussex - as part of a Company Voluntary Agreement (CVA) restructure. "The first stage of that programme p...

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Kids II recalls nearly 700,000 rocking sleepers after infant deaths

Kids II recalls nearly 700,000 rocking sleepers after infant deaths

When asked whether the company meant to reintroduce the product as a "soothing seat", as it is marketed in Canada, a spokesperson said that its "energies are focused on the recall at this time". Consu...

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Amazon to cut delivery time to 1 day

Amazon to cut delivery time to 1 day

Company executives expect to see a slight decrease in profits when adding the new service. "One-day free shipping...without a membership fee". Amazon is raising the bar yet again, announcing Prime...

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Chevron profits down 27 pct but still top estimates

Chevron profits down 27 pct but still top estimates

Investors have been pressing oil companies to cut back on spending and increase returns to shareholders. Group-wide profit dropped to $2.4 billion from $4.7 billion a year ago, as revenue dipped to $6...

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Carlos Ghosns trial to be delayed possibly until next year: Media reports

Carlos Ghosns trial to be delayed possibly until next year: Media reports

Ghosn has been facing a series of charges of financial misconduct, while the company itself has been indicted for making false financial closures. It is the second time he has been bailed. 2 automaker...

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Weak industrial earnings drag Wall Street lower

Weak industrial earnings drag Wall Street lower

Meanwhile, the Dow Jones Industrial Average went 81.25 points higher to 26,543.33 to close just 1.5 percent below its own all-time high. The loss for 3M pulled the Dow Jones Industrial Average into ...

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Russian oil flow contamination roils Europe's refiners

Russian oil flow contamination roils Europe's refiners

Although refiners in countries including Poland and Germany will suffer a lengthy disruption to their feedstock, several companies said they had sufficient inventories to see them through. The Belarus...

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No clarity from banks on paying salary dues: Jet CEO

According to Avinash Mohite of the All India Jet Airways' Officers and Staff Association, Singh's elder son Saurabh Singh, 23, worked in the operations department of Jet Airways. "Unfortunately, the b...

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RBS first-quarter earnings down 12.5% amid Brexit worries

RBS first-quarter earnings down 12.5% amid Brexit worries

However, the bank warned its other targets could be harder to achieve. McEwan said on Friday that the bank's core capital ratio, stable at 16.2 percent, left it room to manoeuvre, and the bank remai...

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US Investigates 12 Million Vehicles Over Potentially Faulty Airbags

US Investigates 12 Million Vehicles Over Potentially Faulty Airbags

Jenny Gathright, a writer for NPR, reported that an electrical over-stress condition, in the air bag control unit, can happen when the unit experiences a current or voltage beyond its specified limi...

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Gold scales near 2-week peak as dollar dips after U.S

Gold scales near 2-week peak as dollar dips after U.S

EDT (1738 GMT) after hitting $1,282.38, the highest since April 16. The metal is up about 0.1 percent for the week and set for its first gain since the week ending March 22. According a poll, major ce...

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Elon Musk and SEC settle dispute over Telsa CEO's tweets

Elon Musk and SEC settle dispute over Telsa CEO's tweets

It was determined that the rules the SEC set for Musk's tweets were too ambiguous. He corrected that a few hours later, after consulting with the internal lawyer, with a tweet saying deliveries woul...

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Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1

Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1

This quarter saw an increase of over 15% in the number of new exchanges listing XRP . The company sold $61.93 million of XRP in institutional direct sales and $107.49 million of XRP in programmat...

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NY launches new investigation into Facebook - Tech

NY launches new investigation into Facebook - Tech

The New York attorney general's office's investigation will focus on how this practice occurred and whether more users were impacted, according to the Thursday report. Facebook has been working to...

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Official election results released

Official election results released

The number of ballots cast is a record in and of itself for Alberta, though, and the voter turnout percentage is still the highest that Alberta has seen since 1982, so kudos! A large number of voter...

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RBS launch fingertip encoded debit cards in Scotland for three-month trial

RBS launch fingertip encoded debit cards in Scotland for three-month trial

As part of the trial, NatWest customers will be able to verify transactions above the £30 payment cap using their fingerprint instead of PIN code. The cards also have contactless functionality and...

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Apple recalls United Kingdom plug adaptors over electric shock fears

Apple recalls United Kingdom plug adaptors over electric shock fears

Two types of the affected plugs were shipped in the UK, Singapore and Hong Kong. So what do you do if you think you have one of the affected adaptors? Apple's USB power adapters are not affect...

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Apple recalls wall plugs over safety fears

Apple recalls wall plugs over safety fears

As a precaution, Apple is allowing customers to exchange the potentially faulty plugs for a new version. The AC wall plug adapters issued with Macs and certain iPhones and iPads between 2003 and 2...

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Facebook sues New Zealand company to thwart fake likes

Facebook sues New Zealand company to thwart fake likes

A Facebook spokesperson says the company is called Social Media Series Limited. The lawsuit has been filed in a USA federal court. Users with large numbers of followers are often able to attract l...

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Markets Right Now: Stocks fall as weak earnings offset GDP

Markets Right Now: Stocks fall as weak earnings offset GDP

Its biggest support was from Amazon.com Inc, which rose 2.5 percent after the e-commerce giant's quarterly profit doubled and beat Wall Street estimates though its second quarter guidance was lower th...

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Australian Lime Scooters Hacked To Say Sexual Things To Riders

Australian Lime Scooters Hacked To Say Sexual Things To Riders

Another scooter was seen on video saying " Don't take me around, because I don't like to be ridden ". " Okay, if you're going to ride my ass then please pull my hair, okay? " says a voice from the...

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United Kingdom regulator blocks Sainsbury's £7.3 billion Asda takeover

Eight months later, the CMA has now issued its final report . Aside from the potential charges, Sainsbury's has seen its share price slump from an initial high on news of the merger talks previ...

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Disney’s new streaming service may impact Netflix’s subscriber base

In addition to these rare films, Disney+ will also serve as the new streaming platform for upcoming theatrical releases, as opposed to Disney's previous streaming deals with Netflix which will be expi...

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Cenovus Energy Inc. (CVE) Traders Focused Stock

Cenovus Energy Inc. (CVE) Traders Focused Stock

When Ave Volume tends to increase, it shows enhanced liquidity. The RSI most typically used on a 14-day timeframe, measured on a scale from 0-100, with high and low levels marked at between 70 a...

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Britain must get to bottom of Huawei leak - Hammond

Britain must get to bottom of Huawei leak - Hammond

Justice minister Rory Stewart also said: "There can not be leaks from the NSC - that is the top secret meeting and it should be kept entirely secret". Former defence secretary Sir Michael Fallon denou...

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Newly discovered Lucara diamond second in size only to Cullinan Diamond

Newly discovered Lucara diamond second in size only to Cullinan Diamond

Lucara sells its diamond production through regularly scheduled tenders throughout the year and since commencing production, has sold 180 diamonds for more than $1 million each and 10 single diamonds ...

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Ford facing criminal investigation over emissions testing

Ford facing criminal investigation over emissions testing

In February, Ford disclosed that it would investigate concerns about its internal processes for emissions testing in the U.S. Specifically, Automotive News points to a recent filing from Ford w...

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OPEC and Saudis both deny speaking with Trump about lowering oil prices

OPEC and Saudis both deny speaking with Trump about lowering oil prices

Crude had hit a six-month high this week after the US said it wouldn't renew waivers allowing China and other major economies to import 1.4 million Iranian barrels a day. Prices were now up more than ...

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Hope y'all got the heads up - Bitcoin, Tether prices hammered lower

Hope y'all got the heads up - Bitcoin, Tether prices hammered lower

Moreover, the court order urged iFinex to refrain from "further violations of NY law in connection with an [y] activities that may have defrauded NY investors that trade in virtual or "crypto" currenc...

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Dodge Now Taking Pre-Orders for 1000-HP Hellephant Crate Engine

Dodge Now Taking Pre-Orders for 1000-HP Hellephant Crate Engine

By doing this, you'll solidify your spot as a threat at your local quarter-mile and potentially as an unruly headcase to your financial advisor. 4/26, as in Hemi 426-and Fiat Chrysler Automobiles' p...

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Trump touts American economy's growth in first quarter

Trump touts American economy's growth in first quarter

The economy grew at a 2.2-percent pace in the October-December period. The U.S. economy grew at 2.2 percent growth in the final quarter of 2018, according to Commerce department data . "Personal s...

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Ford more confident of stronger 2019 despite 'volatile environment'

Ford more confident of stronger 2019 despite 'volatile environment'

Automotive revenue slipped to US$37.2 billion on lower global deliveries to dealers, but exceeded the average projection of US$37 billion. "We are not standing on our laurels, but things look really...

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PepsiCo proposes settlement to Gujarat potato farmers sued by it

PepsiCo proposes settlement to Gujarat potato farmers sued by it

PepsiCo has said that it received information to this effect in January 2019, without specifying how it got the information. It suspected that some farmers in the region who were not registered with P...

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Tesla's Elon Musk reaches deal with SEC over Twitter use

Tesla's Elon Musk reaches deal with SEC over Twitter use

The stock rose in extended trading, gaining as much as 1.4 per cent to US$238.50 at 5:22pm in NY. Shares of Tesla rose 1.4% to $238.50 in after hours trading following disclosure of the agreement,...

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