Economy

Chevy's 2021 Tahoe and Suburban add OTA updates and big screens

Chevy's 2021 Tahoe and Suburban add OTA updates and big screens

That is why Chevrolet is making its 2021 Suburbans and Tahoes bigger on the inside and more technologically advanced. The Suburban is identical to the Tahoe except that it's always been longer...

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India’s growth forecast trimmed to 5.1% by ADB, cites consumption slowdown

India’s growth forecast trimmed to 5.1% by ADB, cites consumption slowdown

ADB cut its growth estimates for China for this year and next to 6.1 percent and 5.8 percent respectively, from the 6.2 percent and 6 percent forecasts announced in September, in light of the US-China...

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Pound surges to two-year high against the euro

Pound surges to two-year high against the euro

With just one day to go before the general election, we expect the pound to remain highly volatile as fears of a hung parliament and extended Brexit uncertainty haunt United Kingdom markets. Sterling ...

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Lululemon's chief operating officer to leave the company in new year

Lululemon's chief operating officer to leave the company in new year

He was part of the team that guided the company after Laurent Potdevin's exit as chief executive officer in February 2018 until Calvin McDonald took charge in July past year. Haselden spent five years...

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The Heartwarming Moment A Boss Awards Employees With A Whopping Christmas Bonus

The Heartwarming Moment A Boss Awards Employees With A Whopping Christmas Bonus

The bonuses will be paid based on the number of years each employee has been with the company. Workers discovered the surprise in red envelopes they were given during Maryland-based St. "It is life...

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French government raises retirement age as strikes grind on

French government raises retirement age as strikes grind on

Prime Minister Edouard Philippe defied striking workers on Wednesday with plans for an overhaul of France's byzantine pension system that he said would be fairer and encourage people to work longe...

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Saudi Aramco shares jump maximum 10% on stock market debut

Saudi Aramco shares jump maximum 10% on stock market debut

That makes is comfortably the world's largest listed company, although it will have one of the smallest "free floats" of publicly tradeable shares, at just 1.5 per cent. But Riyadh scaled back its glo...

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Next quarter shows highest hiring prospects in 12 years, Roula Salourou

Next quarter shows highest hiring prospects in 12 years, Roula Salourou

This, paired with a hefty 86 per cent of employers looking to freeze employment by maintaining current staffing levels into the new year, means there won't be many open doors for job hunters in the pr...

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1.4 percent drop in Chinese producer prices

1.4 percent drop in Chinese producer prices

In November 2019, the national consumer price rose 4 .5% year-on-year. November's increase exceeded analysts' average forecast of 4.2% and October's rise of 3.8%. Beijing and Washington are negotia...

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Boss surprises employees with $10 million bonus at holiday party

PHOTO: Edward St. John, founder and chairman of St. John Properties, used the company's holiday party to surprise his employees with a $10 million bonus. John told them of the bonus, with each staffer...

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Tesla Cybertruck rolls through red light, reportedly with Musk driving

Tesla Cybertruck rolls through red light, reportedly with Musk driving

Cathie Wood dives right into her thoughts on the Cybertruck . The vehicle did appear to have distinct headlights, a design that looks a bit different from what was presented back in November, so on...

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Goldman raises oil price forecast on the back of Opec+ cuts

Goldman raises oil price forecast on the back of Opec+ cuts

The bank also revised its supply-demand forecast to reflect a lower Opec + production path in the first half of next year. At 10:50 GMT, January WTI crude oil is trading $58.06, up $0.04 or +0.08...

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Pound US Dollar exchange rate: GBP/USD continues to climb on election optimism

Pound US Dollar exchange rate: GBP/USD continues to climb on election optimism

Uncertainty about this is likely to keep risk assets muted and the trade-weighted USA dollar supported at the start of the week. This follows a fall in Chinese exports which added to concerns of the...

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Former Fed Chair Paul Volcker Dies At 92

Former Fed Chair Paul Volcker Dies At 92

Volcker worked in the USA federal government for nearly 30 years, culminating in two terms as chairman of the board of governors of the Federal Reserve System from 1979-1987, "a critical period in b...

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Tullow Oil CEO steps down; scraps dividends on Ghana problems

Tullow Oil CEO steps down; scraps dividends on Ghana problems

Tullow Oil TLW .L shares almost halved on Monday after Chief Executive Officer Paul McDade stepped down and the energy company scrapped its dividend after failing to meet production targets due to...

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Renewables 'to become France's main energy source by 2027'

Renewables 'to become France's main energy source by 2027'

Growing environmental concern as a result of government regulations and depletion of conventional energy resources are few main driving factors for the ultra efficient solar power market. Electricit...

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Jetstar IT outage causes chaos at airports across Australia

Jetstar IT outage causes chaos at airports across Australia

Global and domestic Jetstar passengers were told to expect delays on Tuesday as computer issues left commuters waiting for up to four hours. "We regret any impact this incident has had on our custom...

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Canopy names Constellation Brands executive David Klein as new CEO

Canopy names Constellation Brands executive David Klein as new CEO

When the board ousted Linton, Zekulin agreed to remain as the sole CEO until a replacement was found, presiding over two-plus quarters of lackluster earnings amid broad problems for Canadian weed comp...

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Tesla's Cybertruck Might Be Cursed as Second Showing Comes With Another Blunder

In the first two days after Tesla opened reservations for the vehicle, it had recorded almost 150,000 preorders . "Two seater electric ATV created to work with Cybertruck will be fun!" What's c...

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Fresh Express brand Sunflower Crisp Chopped Kit recalled due to E. coli

Fresh Express brand Sunflower Crisp Chopped Kit recalled due to E. coli

So far, eight patients have been confirmed to have E.coli linked to the salad kits, including three in Wisconsin. Three people were hospitalized, including a person who developed kidney failure. Som...

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Food delivery war heats up as Prosus raises bid for Just Eat

Food delivery war heats up as Prosus raises bid for Just Eat

The battle for control of United Kingdom food delivery firm Just Eat has intensified as rival bidder Prosus raised its offer to £5.1bn. Just Eat's shares have been trading above both offers. Takea...

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Ericsson will pay a yard to settle bribery charges

Ericsson will pay a yard to settle bribery charges

CEO Borje Ekholm said the Ericsson can move forward and build a stronger company. The US Department of Justice said Ericsson bribed government officials in Djibouti, China, Vietnam, Indonesia and ...

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How major United States stock indexes fared Monday

How major United States stock indexes fared Monday

Apple stock closed 1.40 percent lower, leading laggards in the Dow. Wall Street continued to digest the stronger-than-expected jobs data released late last week. Investors remain on edge as USA tari...

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Saudi Aramco IPO proceeds rise to US$29.4b after option exercised

Saudi Aramco IPO proceeds rise to US$29.4b after option exercised

On Thursday, Aramco set the price per share at SR32 ($8.53), at the top end of its indicative price range of SR30-32. The company is expected to list its shares on the Tadawul later this week. Forei...

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No foreign PCs or software, China govt offices told

No foreign PCs or software, China govt offices told

Chinese institutions have three years to remove all foreign-made hardware and software and to replace them with locally-sourced alternatives, according to an order from the national Chinese government...

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FT: Beijing orders state offices to replace foreign PCs and software

FT: Beijing orders state offices to replace foreign PCs and software

The US government banned businesses in the US from dealing with Huawei, and now we have Beijing ordering its officials to stop using foreign hardware and software. "Chinese people will no longer have ...

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Electricity prices to fall for first time across whole supply chain

Electricity prices to fall for first time across whole supply chain

Wholesale costs, which make up around a third of an average retail electricity bill, are expected to go down by $62 on average due to an influx of new generation coming into the system. This drop is n...

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Driver claims Tesla on autopilot when hitting 2 cars on I-95

Driver claims Tesla on autopilot when hitting 2 cars on I-95

The accident took place early Saturday morning when the Tesla with CT plates reading "MODEL3" was traveling northbound on Interstate 95 . Tesla has said repeatedly that the semi-autonomous sy...

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Papa John's Former CEO Headed For Divorce After Latest Crazy Interview

Papa John's Former CEO Headed For Divorce After Latest Crazy Interview

Schnatter argues that he used the epithet while criticizing KFC founder Colonel Sanders for his use of the N-word to describe African Americans. Instead, Laundry Service asked Schnatter about his view...

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Passenger stung by scorpion on United flight from San Francisco to Atlanta

Passenger stung by scorpion on United flight from San Francisco to Atlanta

She said that when she went to the lavatory, the stinging feeling increased - and then a live scorpion fell out of her pant leg and scuttled across the floor, until a flight attendant managed to trap ...

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Edible coffee cups trialled on worldwide flights

Edible coffee cups trialled on worldwide flights

And earlier this week, the airline announced that it's trading some of its plastic coffee cups for edible versions instead. It said the cups have been a "big hit with customers". This isn't the on...

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Wall Street roars as November jobs growth blows past forecasts

Wall Street roars as November jobs growth blows past forecasts

Friday's report comes as investors grappled with mixed signals on the U.S. How are major benchmarks performing? The Dow Jones industrials added 1.2%, and its 337-point gain let the index finish ab...

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Ericsson agrees to pay over $1 billion to resolve US corruption probes

Ericsson agrees to pay over $1 billion to resolve US corruption probes

The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait. The settlement made by the company is said to be one of the highest in terms of value u...

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KFC Fried Chicken Fire Log Returns

KFC Fried Chicken Fire Log Returns

What better way to celebrate the holidays than making your home smell like a KFC restaurant. Last year, the unique holiday log sold out in just a few hours. They're $18.99 each and the price include...

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Netflix looking to export content from India with Rs 3,000 cr investment

Netflix looking to export content from India with Rs 3,000 cr investment

Hastings said the streamer is committed to ramping up its original Indian content, something that will be visible to the audiences in the coming months. We are seeing more content made than ever befor...

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