Economy

Musk vs. Einhorn gets more interesting - Tesla, Inc. (NASDAQ:TSLA)

Musk vs. Einhorn gets more interesting - Tesla, Inc. (NASDAQ:TSLA)

Upon learning the news, Musk sent Einhorn an open letter on Twitter, addressing the Tesla disbeliever as "Mr. Unicorn" and himself as "Treelon Musk". The war of words kicked off after Einhorn's he...

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Canada unemployment unchanged in October at 5.5%

Canada unemployment unchanged in October at 5.5%

Service producers recorded a rise in employment by 39k and goods-producers saw a fall in employment by 40.9k. The losses were offset in part by an increase of 20,000 jobs working in public administr...

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Alibaba eyes US$15 billion Hong Kong IPO

Alibaba eyes US$15 billion Hong Kong IPO

In particular, the US and China have been engaged in an ongoing trade war that has rattled USA and Asia markets constantly. A report by news agency Reuters, citing unnamed sources, Friday said tha...

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Further delays announed for Crossrail

Further delays announed for Crossrail

Reacting to today's news, Federation of Small Businesses chair Mike Cherry said: "Another delay to Crossrail is disappointing to see and will leave a sour taste in the mouths of businesses and commu...

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Alibaba says Singles' Day sales hit 91.2 billion yuan in first hour

Alibaba says Singles' Day sales hit 91.2 billion yuan in first hour

It's "11/11", also called "Singles' Day" or "Double 11", a 24-hour purchasing frenzy hosted by the Chinese language e-commerce large Alibaba. Last year, Singles Day generated sales of $30 billion, w...

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Wall St set for subdued open as trade-fueled rally pauses

Wall St set for subdued open as trade-fueled rally pauses

Walt Disney Co gained 5.8% in premarket trading as its popular theme parks and a remake of "The Lion King" lifted earnings, and the company also spent less than it had projected on its online streamin...

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Volkswagen ID. Space Vizzion hints at the firm's first electric estate

Volkswagen ID. Space Vizzion hints at the firm's first electric estate

Inside, passengers are bathed in light flooding through the glass panoramic roof, and LED mood lighting is installed along the insides of the doors. But it's destined to be more than just a show veh...

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Drake launches More Life cannabis company in Toronto

The company reported a net loss of $1.3 billion in the quarter ended June 30. Wedbush Securities Inc. raised its position in shares of Canopy Growth by 7.9% in the third quarter. The business has a fi...

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BYD, Toyota to Set-up Research Venture to Develop EV

BYD, Toyota to Set-up Research Venture to Develop EV

The automakers will invest 50-50 in a new company, the primary mission of which will be to design and develop BEVs from the ground up. However, earlier this year Toyota updated its goal to sell 5.5 ...

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S&P 500, Dow open at record highs on trade deal optimism

S&P 500, Dow open at record highs on trade deal optimism

Bond prices fell sharply. Wall Street surged to record highs on Thursday, as investor sentiment was boosted by reports of progress on the U.S-China trade war. Nasdaq gains 0.8%, after rising as much...

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UK's Javid says would spend up to 3% of GDP on infrastructure

UK's Javid says would spend up to 3% of GDP on infrastructure

At the same time he will promise to break up the Treasury, devolving some of its powers to the North in a shift in the "centre of political gravity" away from London . And a ceiling on that debt serv...

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Disney+ Announcement | Available in the UK & More March 31

Disney+ Announcement | Available in the UK & More March 31

Studio Ghibli has resisted the move to OTT and still prefers to release in theatres and physical format. Shows such as "Dragon Ball" or "Attack on Titan" continue to attract a global audience. It has ...

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BMW urgently recalls vehicles over airbags

BMW is providing loan cars, replacement cars, or purchasing faulty vehicles from affected owners. The Australian Competition and Consumer Commission said the BMW airbags were suspected of being invo...

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Gap CEO resigns: Art Peck stepping down

Gap CEO resigns: Art Peck stepping down

Robert Fisher, now the company's non-executive chairman, will serve as CEO on an interim basis. Sales at The Gap were the hardest hit, with same-store sales declining 7%, compared with a 3% dip for ...

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Best Buy Releasing Black Friday Daily Doorbusters

Best Buy Releasing Black Friday Daily Doorbusters

While prices may not be as low on the biggest TVs as you will find at Walmart or Target, there is a reason: Best Buy specializes in top tier name brand TVs like Samsung, LG, Toshiba, and Sony. A f...

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Couple who got engaged in KFC identified

Couple who got engaged in KFC identified

The restaurant chain has asked South Africans to help them find the happy couple, while residents and local businesses have pledged to help support them on their big day. and it is legitimate like". ...

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Whatsapp Catalogs for shopping launch in seven countries

Whatsapp Catalogs for shopping launch in seven countries

The company said catalogs are a mobile storefront for businesses to showcase and share their goods so people can browse and discover something they would like to buy. Avoiding any confusion. Also, t...

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Billionaires’ wealth falls for the first time in a decade

Billionaires’ wealth falls for the first time in a decade

The lost a combined $388 billion. The Swiss bank found tech tycoons' wealth grew 3.4% or $1.3 trillion in 2018, and the number of tech billionaires almost doubled from 76 to 148 in five years. The...

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Microsoft Japan’s four-day work week experiment boosted productivity

Microsoft Japan’s four-day work week experiment boosted productivity

In a press release , Microsoft Japan revealed the " Work Life Choice Challenge Summer 2019, which involved four-day work weeks and three-day weekends". Last year, in a study of almost 3,000 worker...

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Snow crab fetches $62,200 at Japan auction, East Asia News & Top Stories

Snow crab fetches $62,200 at Japan auction, East Asia News & Top Stories

The costly creature, a male snow crab, was 14.6 centimeters (5.74 inches) wide and weighed 1.2 kilograms (2.7 pounds). The winter delicacy went home with local crab seller Kanemasa Hamashita Shoten ...

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Kmart in Kenosha to close January of 2020

Kmart in Kenosha to close January of 2020

In February 2019, the majority of Sears Holding Corp. was purchased by Transformco, which has "faced a difficult retail environment and other challenges" since then, but is "working hard to positi...

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Trump says he hasn't agreed to tariff rollback

Trump says he hasn't agreed to tariff rollback

Trump said while China wants a partial reversal of tariffs imposed in the trade war , he won't fully eliminate them. Despite the enthusiasm of the Trump administration to sign a phase one trade d...

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Didi to relaunch hitchhiking service this month

Didi to relaunch hitchhiking service this month

Didi's Hitch carpool service, which will relaunch in several Chinese cities on Nov 20, will operate for all passengers daily until 8:00 p.m., it said . Context: Didi has faced scrutiny in the past f...

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Economic Slowdown: Moody's Lowers India's Outlook to 'Negative' From 'Stable'

Economic Slowdown: Moody's Lowers India's Outlook to 'Negative' From 'Stable'

The worldwide ratings agency said it estimates that the country's growth slowdown is in part long-lasting while backing its other ratings for India. Moody's comments come days after S&P Global Ratin...

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Juul halts sales of mint-flavored e-cigarettes, its most popular product

Juul halts sales of mint-flavored e-cigarettes, its most popular product

After halting mint sales, Juul will only sell menthol and tobacco flavors. However, the company declined to comment on why it plans to continue selling menthol-flavored vapes when Bloomberg pointed ...

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General Motors Lordstown plant officially sold to electric truck startup

General Motors Lordstown plant officially sold to electric truck startup

The fate of the northeastern OH plant has become a lightning rod in the 2020 presidential election after GM announced in November 2018 its planned closure, drawing condemnation from U.S. Burns decline...

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Sears, Kmart locations closing nationwide

Sears, Kmart locations closing nationwide

Lampert, through his hedge fund ESL Investments Inc, has contributed a significant portion to the new financing, the people added. Lampert combined Sears and rival chain Kmart more than 15 years ago...

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Best Buy's Early Black Friday Deals: Save Big on TVs, Apple, Beats

Best Buy's Early Black Friday Deals: Save Big on TVs, Apple, Beats

However, if you're more of the traditional Black Friday shopper, Target will be handing out hot cocoa to welcome everyone in stores at 5 p.m. on Thursday, November 28, and will be open until 1 a.m. ...

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JPMorgan CEO says lessons learned from failed WeWork IPO

JPMorgan CEO says lessons learned from failed WeWork IPO

Dimon said in a statement that she is seen to be using some harsh words, and some of the people will surely say that she vilifies successful people. "It's really simple: Jamie Dimon and his buddie...

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Fired McDonald's CEO could pocket $70M payout after co-worker affair

Fired McDonald's CEO could pocket $70M payout after co-worker affair

The new CEO of McDonald's Chris Kempczinski, does not have any share of the company in his name. Easterbook resigned from the board of Walmart on Monday, but will remain a fellow of the Oxford...

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Bank of England warns over global economic hit to UK

Bank of England warns over global economic hit to UK

Small British manufacturing firms are their most pessimistic since just after the Brexit referendum in 2016 as they face political uncertainty at home and trade wars overseas, according to a survey ...

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Rogue TrendMicro Employee Sold Customer Data to Tech Support Scammers

Rogue TrendMicro Employee Sold Customer Data to Tech Support Scammers

So the IT industry was surprised on Tuesday when worldwide security vendor Trend Micro acknowledged that a staff member had gone rogue. Cyber-security company Trend Micro is facing a major problem a...

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Rollback of China tariffs faces fierce opposition in White House

Rollback of China tariffs faces fierce opposition in White House

Ministry spokesman Gao Feng said both sides had agreed to simultaneously cancel some tariffs on each other's goods, CNBC reported, citing the Chinese state broadcaster. China and the USA have agr...

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2M Pounds of Chicken Need to Be Thrown Away

2M Pounds of Chicken Need to Be Thrown Away

Department of Agriculture's Food Safety and Inspection Service said in a news release . The chicken products subject to recall can be identified by a number inside the USDA mark of inspection. Some...

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Electric Ford Mustang Lithium Hits the SEMA Show in Las Vegas

Electric Ford Mustang Lithium Hits the SEMA Show in Las Vegas

Ford stunned visitors to the SEMA show with its all-electric variant of the Mustang. Later this month Ford will unveil a "Mustang inspired" electric SUV that customers will be able to buy. This ...

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