Economy


Tesla may be working with AMD on AI chip for cars Tesla may be working with AMD on AI chip for cars
- September 22, 2017

Tesla is looking to develop their own chips that are custom made to their AI needs, and provide energy efficiency while tackling specifically the problems of self-driving. Lipacis also comments on Nvidia (NASDAQ: NVDA ), which was bumped to the side in favor of AMD , saying that near-term headline risks aren't favorable but he doesn't see a long-term risk. (more...)
Pilot union BALPA urges Ryanair to improve working conditions Pilot union BALPA urges Ryanair to improve working conditions
- September 22, 2017

During the meeting he said Ryanair is planning to take back one week of their pilots' holidays to prevent any further flight cancellations. O'Leary told shareholders he took personal responsibility for the staffing issues and the way the company broke the news to customers, adding that Ryanair's pilot pay levels may have been too modest in the past. (more...)
Toshiba swings again, chooses Bain group to buy chip unit Toshiba swings again, chooses Bain group to buy chip unit
- September 21, 2017

However, the parties have not yet reached a definitive agreement and opposition to the deal remains, according to the report citing a person familiar with the matter . The special objective entity making the acquisition will be called Pangea and receive about 600 billion yen in loans, the person said. The auction has gone through dizzying twists and turns . (more...)
USA stocks open higher ahead of Fed meeting USA stocks open higher ahead of Fed meeting
- September 20, 2017

The fact that US stocks closed at records on Friday "suggests that as long as the situation does not escalate into military conflict, market participants may continue to place less and less emphasis on North Korean developments", said Charalambos Pissouros, senior analyst at IronFX, in a note to clients on Monday. (more...)
Wife of ousted PM Sharif wins Pakistan by-election Wife of ousted PM Sharif wins Pakistan by-election
- September 20, 2017

PM Abbasi arrived in New York Monday afternoon to lead the country's delegation to the 72nd session of the United Nations General Assembly (UNGA). The new Trump policy lays special emphasis on kinetic operations to subdue the Taliban insurgency in Afghanistan, envisions greater role for India in Afghanistan and the overall regional security. (more...)
Ryanair cancelled flights - Michael O'Leary ADMITS 'this is our mess' Ryanair cancelled flights - Michael O'Leary ADMITS 'this is our mess'
- September 19, 2017

It said the number of cancellations will equate to less than 2 percent of its daily schedule of 2,500 flights and has provided an updated list on its website up to this Wednesday (20 September ). He said: "What we have messed up is the allocation of holidays and trying to over-allocate holiday during September and October while we're still running most of the summer schedule, and taking flight delays because of principally air traffic control and weather disruptions". (more...)
Barzani: Without better alternative to independence, no turning back from referendum Barzani: Without better alternative to independence, no turning back from referendum
- September 16, 2017

Kirkuk's provincial council had announced on 29 August its decision - at a session boycotted by Turkmen and Arab members - to include the disputed province in an upcoming referendum on Kurdish regional independence in northern Iraq. "But we will hold our referendum without an alternative and whatever happens, happens", he emphasized. Iraqi neighbors - Turkey, Iran and Syria - oppose the referendum, fearing that it could fuel separatist moods among their own Kurdish minorities. (more...)
NYPD Commissioner Says No Direct Threats To New York City NYPD Commissioner Says No Direct Threats To New York City
- September 16, 2017

As a manhunt takes place across the capital, authorities have tightened security on all transport hubs, The New York Times reports . The broadcaster also reported that the device did not fully detonate . Photos taken inside a District Line train show a white plastic bucket inside a supermarket shopping bag. None was thought to be in a serious or life-threatening condition. (more...)
Oracle's Cloud-Computing Guidance Raises Concerns About Growth Oracle's Cloud-Computing Guidance Raises Concerns About Growth
- September 16, 2017

Massachusetts Financial Services Communications Ma reported 0.88% of its portfolio in Oracle Corporation (NYSE: ORCL ). Rosenblatt maintained the stock with "Buy" rating in Thursday , June 22 report. & global copyright and trademark laws. 06/26/2017 - Oracle Corporation had its "overweight" rating reiterated by analysts at Mitsubishi UFJ. A total of 34 analysts have reported on the stock. (more...)
Britain eyes wider probe on Sky takeover Britain eyes wider probe on Sky takeover
- September 13, 2017

She made the decision, after months of deliberation, because of media plurality and whether there is a commitment to broadcasting standards. Currently, his 21st Century Fox owns 39 percent of the company - but it wants way more. She also raised concerns about "corporate governance issues". "My proper concern is whether Fox will have a genuine commitment to attaining broadcasting standards objectives". (more...)
Teva's stock rockets to biggest gain since 1984 Teva's stock rockets to biggest gain since 1984
- September 13, 2017

Another trade for 18,000 shares valued at $789,073 was made by Conine Steven on Monday, April 10. Teva Pharmaceutical Industries Limited ( TEVA)'s current session activity disclosed discouraging signal for active traders . Trian Fund Management Lp acquired 3.74M shares as Wendys Co. (NYSE:PPG). Old Mutual Customised Solutions (Proprietary) accumulated 8,500 shares. Jensen Inv Management owns 5,110 shares. (more...)
Watch Live Sports in Beautiful Picture with Apple TV 4K Watch Live Sports in Beautiful Picture with Apple TV 4K
- September 13, 2017

This is the Apple TV 4K. In an ideal world there'd be no need for an Apple TV . For the first time, developers could write apps specifically for the Apple TV . You'll be able to control elements of your smart home, including the upcoming Apple HomePod . Users can share recent photos and videos from iPhone and iPad, including the best Memories, with friends and family on the biggest screen, with iCloud on Apple TV . (more...)
China's Bitcoin Trading Volume Rises Significantly Despite Exchange Ban Talks China's Bitcoin Trading Volume Rises Significantly Despite Exchange Ban Talks
- September 12, 2017

This news comes less than a week after it was revealed that China had banned Initial Coin Offering (ICO ), which has recently emerged as the most effective way for startups to raise funds. "There has been a general tightening of the screws on regulating financial and monetary conditions", said Mr Mark McFarland, chief economist at Union Bancaire Privee. (more...)
Mexican Quake Death Toll Rises to 58 Mexican Quake Death Toll Rises to 58
- September 11, 2017

The death toll from the powerful 8.1 magnitude natural disaster that jolted the southern coast of Mexico late Thursday, rose to 61 with relief operations still underway. The U.S. Geological Survey reported the magnitude at 8 .1, but other institutions rated it between 8.2 and 8.4. Mr Pena Nieto said a million people had initially been left without power, but 800,000 had now had it restored. (more...)
Piyush Goyal takes charge as Minister of Railways Piyush Goyal takes charge as Minister of Railways
- September 08, 2017

Nirmala Sitharaman emerged as the biggest gainer of the cabinet reshuffle today as Prime Minister Modi gave her the heavyweight Defence portfolio, while Piyush Goyal replaced Suresh Prabhu in the Railway Ministry in a major rejig, which saw nine new faces being inducted. (more...)
Time Warner Cable Customer Records Exposed Time Warner Cable Customer Records Exposed
- September 06, 2017

As the report is quick to note, Time Warner Cable isn't alone when it comes to leaving customer and company data exposed on Amazon cloud servers. Charter clarified that once the unlocked server was discovered, Broadsoft immediately removed the information and began a joint investigation into the incident. (more...)
Princess Mako of Japan will leave royal family to marry university boyfriend Princess Mako of Japan will leave royal family to marry university boyfriend
- September 05, 2017

Japanese Emperor Akihito's oldest granddaughter, Princess Mako , will soon become a commoner following her decision to marry a former classmate with no blood connection to the island nation's royal family. At the request of her parents Prince Akishino and Princess Kiko, who supported Princess Mako's relationship with Komuro, bodyguards from the Imperial Guard that must accompany the princess when she goes out tried to blend into the crowd while performing their duty. (more...)
Brokenshire in Stormont talks with five main NI parties Brokenshire in Stormont talks with five main NI parties
- September 05, 2017

Mr Brokenshire holds discussions with the Ulster and the Democratic Unionists, nationalist SDLP, cross-community Alliance Party and Sinn Fein on Monday on whether to initiate another round of talks. if we can reach a wider agreement on these matters". The Creggan councillor said: "RTÉ reports that Jeffrey Donaldson "gave the example of Sinn Féin wanting 10 per cent of all public jobs to go to Irish speakers". (more...)
Duchess of Cambridge expecting third child
- September 05, 2017

This is published unedited from the PTI feed . It's already a big week for the family as they prepare for George to start school at Thomas's Battersea in south London on Thursday. "Given the recent anniversary, there'll be plenty of interest in the name Diana if the baby is a girl", the agency said. On a royal tour of Poland in July 2017, Kate joked about having a third - after being given a present designed for newborns. (more...)
Major Pipeline shuts down due to Hurricane Harvey Major Pipeline shuts down due to Hurricane Harvey
- September 03, 2017

It also has 15 storage locations to serve customers, and connects to more than 260 terminals. The Colonial shutdown may cause more of a ripple effect and spark higher price increases in some areas, DeHaan said. Across Marietta on Thursday afternoon, motorists at the pump were feeling Harvey's effects in their pocketbooks. "Once Colonial personnel can safely access these facilities, we will evaluate and provide an estimate of the time necessary to ensure our pipe, pumps, tanks and related ... (more...)
Harvey rattles fuel markets Harvey rattles fuel markets
- September 03, 2017

The national average for a regular gallon of gasoline rose to $2.519 as of Friday morning, according to motorists advocacy group AAA , with even gaudier increases in the U.S. Now, gas originally meant for northern states can be sold in Florida and some still-open refineries can focus on making the one type of high-volatility gasoline. (more...)
Harvey triggers gasoline-price surge just in time for Labor Day Harvey triggers gasoline-price surge just in time for Labor Day
- September 03, 2017

The Colonial Pipeline , which carries huge amounts of gasoline and other fuel between Houston and the East Coast, is shutting down after Hurricane Harvey forced the closure of refineries and some of the pipeline's own facilities. Gas prices have skyrocketed at local pumps and we are receiving calls from concerned drivers about price gouging. The system hauls about 660,000 barrels a day of gasoline, diesel, fuel oil or jet fuel from the Gulf Coast region to the Chicago area. (more...)
Gas prices spiking in Tennessee; analysts point to Hurricane Harvey Gas prices spiking in Tennessee; analysts point to Hurricane Harvey
- September 03, 2017

It also has 15 storage locations to serve customers, and connects to more than 260 terminals. "Costco has cheap gas and my tank is empty and I'm not sure how much longer I will have to wait for prices to go back down", he said. AAA Alabama Spokesman Clay Ingram said only a portion of the 5,500-mile pipeline - from Lake Charles, Louisiana, to Texas - is closed. Columbia came in at #18 with a hike of.249 cents a gallon. (more...)
Near-Record Temperatures as San Diego Heat Weave Continues into Weekend Near-Record Temperatures as San Diego Heat Weave Continues into Weekend
- September 03, 2017

The National Weather Service says the temperature in San Francisco reached 94 degrees even before noon Saturday, setting the heat record for September 2. The extreme heat sent Michelle Ogburn to a cooling center set up in Santa Clara's North Branch Library, one of many that were opened throughout the state . (more...)
Frankfurt evacuates thousands to defuse World War II bomb Frankfurt evacuates thousands to defuse World War II bomb
- September 03, 2017

Police set up cordons around the evacuation area, which covered a radius of 1.5 kilometers, as residents hauling suitcases or riding bicycles left the zone. Officials estimate that 15 per cent of the bombs failed to explode, some burrowing six metres deep. In July, a kindergarten was evacuated after teachers discovered an unexploded World War Two bomb on a shelf among some toys. (more...)
Harvey Floods Port Arthur Shelter; Evacuees Forced to Evacuate Again Harvey Floods Port Arthur Shelter; Evacuees Forced to Evacuate Again
- September 02, 2017

Elsewhere in the Gulf City, tired evacuees at the Bowers Civic Center were overrun by floodwaters spawned by Harvey, according to Jefferson County sheriff's deputy Marcus McLellan. That doesn't include people who fled the area early to find a dry bed in hotel rooms and with family and friends, which is more hard to track. "This is just as bad if not worse than flooding in Houston ". (more...)
Ontario gas prices headed for major spike in wake of Harvey Ontario gas prices headed for major spike in wake of Harvey
- September 02, 2017

Dan McTeague, senior gas analyst at GasBuddy.com, calls it "the Hurricane Harvey Effect" as the storm has a major pipeline and 16 refineries in the United States offline. If you own a auto in Montreal, you may be rather unhappy in the weeks to come, because gas prices have gone up and will probably continue to do so. (more...)
Why It Matters That Alexa and Cortana Are Going To Work Together Why It Matters That Alexa and Cortana Are Going To Work Together
- August 31, 2017

Because people use and interact with all kinds of products, we're very excited to announce a first-of-its-kind collaboration with Amazon between Cortana and Alexa that will offer more choice, value and access to both intelligent personal assistants. (more...)
Gas Prices Up In Missouri Gas Prices Up In Missouri
- August 31, 2017

Nationally, wholesale gasoline prices will likely rise by an average of two to four cents per litre by Thursday, meaning consumers in certain markets could see much higher price increases. That's considerably lower than the national average of $2.40. About 19 percent of oil refining capacity on the Gulf Coast is offline. Hurricane Harvey has already had an impact on gas prices, and it's expected to continue having an impact for weeks to come. (more...)
Oil prices gyrate as market grapples with U.S. hurricane damage Oil prices gyrate as market grapples with U.S. hurricane damage
- August 31, 2017

Brent crude futures were down 6 cents, at $51.94 a barrel. Refineries with output of at least 4.4 million barrels per day (bpd) were offline on Tuesday, representing almost 24 percent of USA production, according to Reuters estimates and company reports. (more...)
Second Quarter GDP Upwardly Revised from 2.6% to 3.0% Second Quarter GDP Upwardly Revised from 2.6% to 3.0%
- August 31, 2017

Economists had expected that second-quarter GDP growth would be raised to a 2.7% rate. Economists surveyed by MarketWatch expected a smaller upward revision in second-quarter GDP to a 2.8% rate. The growth rate in the January-March quarter was a lacklustre 1.2%. Rest of the upward revision was connected to non-residential fixed investment that rose 6.9 percent from the initial estimate of 5.2 percent. (more...)
Thousands of Flights Canceled as Tropical Storm Harvey Batters Texas Thousands of Flights Canceled as Tropical Storm Harvey Batters Texas
- August 29, 2017

United ( ual ), Southwest ( luv ), Delta ( dal ) and many others are issuing travel vouchers to customers whose flights were canceled. It has since lingered around Texas' Gulf Coast, where it is forecast to remain for several more days, drenching parts of the region with a year's worth of rain in the span of a week. (more...)
Gilead Has Earned the Benefit of the Doubt Gilead Has Earned the Benefit of the Doubt
- August 29, 2017

The stock rose 2.82% or $2.08 reaching $75.87. Amgen, Inc. (NASDAQ:AMGN) has risen 5.27% since August 28, 2016 and is uptrending. It has outperformed by 43.42% the S&P500. 111 funds opened positions while 421 raised stakes. Parametric Port Ltd has 322,303 shares for 0.01% of their portfolio. Moreover, American Rech & Commerce has 0.11% invested in Gilead Sciences , Inc. (more...)
Grocery stocks fall again as Amazon cuts prices at Whole Foods Grocery stocks fall again as Amazon cuts prices at Whole Foods
- August 29, 2017

Other price drops include organic rotisserie chicken ($13.99 to $9.99); Whole Trade bananas (.79 cents per pound to.49 cents per pound); and tilapia ($11.99 per pound to $7.99 per pounds). But Whole Foods is a different story, because Whole Foods is a different business model, with revenue growth plateauing and net income falling, which has all impacted gross margins and operating margins. (more...)
Commodities: Greenback on the backfoot after Yellen speech, gold the main beneficiary Commodities: Greenback on the backfoot after Yellen speech, gold the main beneficiary
- August 27, 2017

The Dodd-Frank law and regulations put in place since the financial crisis have made the financial system "substantially safer", Federal Reserve Chairwoman Janet Yellen said Friday in a ringing defense of the rules now under fire from President Donald Trump and J.P. (more...)
Whole Foods slashing prices Monday on these 10 items Whole Foods slashing prices Monday on these 10 items
- August 27, 2017

On Wednesday, the United Food and Commercial Workers International Union renewed its criticism of Amazon, asking the Whole Foods board and shareholders to guarantee protections for workers' jobs and salaries after the deal. According to Morgan Stanley, Whole Foods prices are now about 15 percent higher than the average grocery store. Signs at the Westport store this week promoted Whole Foods' delivery services; this week, Stew Leonard Jr. (more...)
Trump Warns of NAFTA Treaty Termination Trump Warns of NAFTA Treaty Termination
- August 25, 2017

The leaders of Canada and Mexico have indicated their willingness to work with the Trump administration, and although vague on the exact terms that he will be seeking in a renegotiated NAFTA, Trump has threatened to withdraw from it if negotiations fail. (more...)
Amazon Prime benefits will soon arrive within Whole Foods stores Amazon Prime benefits will soon arrive within Whole Foods stores
- August 25, 2017

Shares of J.M. Smucker and Hormel Foods fell sharply Thursday after weaker-than-expected earnings as consumers continue to turn down packaged foods in favor fresher offerings, especially as Amazon prepares to take over organic grocery chain Whole Foods Market. (more...)
Let's not kid ourselves, Trump's NAFTA bluster matters Let's not kid ourselves, Trump's NAFTA bluster matters
- August 25, 2017

It went into effect in 1994. Talks began Wednesday in Washington, D.C., among trade officials from the United States, Canada and Mexico on modernizing the North American Free Trade Agreement . Trump's comments looked set to devalue a strong rebound in USA stocks on Tuesday, when they enjoyed their best one-day percentage increases in over a week as lawmakers' comments on tax reform and the debt ceiling increased investor optimism. (more...)
Apple scales back self-driving ambitions, shifts focus to campus shuttle service Apple scales back self-driving ambitions, shifts focus to campus shuttle service
- August 25, 2017

Apple's automotive ambitions might finally come to life near its sprawling new headquarters, but we shouldn't expect to see an Apple Car anytime soon. Apple's in-house vehicle team have been working extensively on different projects since "Project Titan" in 2014 . Reports earlier in the year suggested Apple had realized the scale of the challenge it was facing, were it to try to develop its own vehicle from scratch , with leaks earlier in the week indicating a "more modest" ... (more...)
Trump Threatens Shutdown, Attacks GOP Senators During Angry Rally
- August 25, 2017

In Trump's view, the rule which was one of the citable notes in his last night rally speech in Phoenix and the cause of his Obamacare repeal failure - is a great impediment to his developmental agendas as it has hindered the passage of his treasured bills at the floor of the Senate. (more...)
Chad Henne picked to start Jags' next preseason game over Blake Bortles Chad Henne picked to start Jags' next preseason game over Blake Bortles
- August 24, 2017

He's made 22 starts for the Jags, but none since Bortles took over in September 2014. He has only played one regular season snap in the last two years combined. Because of Bortles' unimpressive work in practices, Marrone gave Henne several drives with the first-team offense against the Bucs. This is a team that recently hit paydirt with free agent Malik Jackson, signing him away from the Broncos and watching him ably anchor the defensive line in 2016. (more...)
Cisco to acquire software developer Springpath for Dollars 320 mln Cisco to acquire software developer Springpath for Dollars 320 mln
- August 24, 2017

Moreover, Jupiter Asset Management Ltd has 8.31% invested in the company for 7.37 million shares. It has outperformed by 20.71% the S&P500. Cisco Systems, Inc . Following the completion of the sale, the senior vice president now owns 178,577 shares of the company's stock, valued at approximately $5,587,674.33. (more...)
Severe Thunderstorm Warnings, Watches in Effect for Parts of New England Severe Thunderstorm Warnings, Watches in Effect for Parts of New England
- August 24, 2017

The watch is in effect until 9 pm. The entire region could see severe storms with high winds, torrential rain and frequent lightning. "Convection will likely strengthen/redevelop by midday or early afternoon across OH and western NY, and storms will subsequently spread eastward across Pennsylvania and NY through the afternoon", the SPC continues. (more...)
Ford offers drivers £2000 to scrap older cars Ford offers drivers £2000 to scrap older cars
- August 23, 2017

The scheme will run to the end of the year and is effective for registrations from 1st September to 31st December. On average, consumers will be provided with around £2,000 off a range of new ford models which range from £12,000 to over £20,000. (more...)
Sempra Energy Is the Mystery Third Bidder For Oncor Electric Sempra Energy Is the Mystery Third Bidder For Oncor Electric
- August 22, 2017

The $9.45 billion cash deal to acquire Energy Future and its ownership in Oncor includes Sempra's assumption of Oncor's debt, making the total value of the transaction $18.8 billion. Reed added: "It is important for Oncor to remain financially strong". The purchase also should address the concerns of the Texas regulators, creditors, and the U.S. (more...)
Taylor Swift Posts Snake Video Clip, Heightens Anticipation For New Music Taylor Swift Posts Snake Video Clip, Heightens Anticipation For New Music
- August 22, 2017

The pop star posted a mysterious, silent, 10-second video to her social media accounts that fans took as a tease to a forthcoming album. "Is she about to slither back into our hearts?" For fans the most unconditional, the release of the first single of his next album would seem the most plausible explanation. (more...)
Amazon's new 'Instant Pickup' service promises items in two minutes or less Amazon's new 'Instant Pickup' service promises items in two minutes or less
- August 17, 2017

To that end the company is making major investments in logistics, including a fleet of air freighters, and also experimenting with different networks of physical stores, ranging from bookstores to grocery pickup locations. The items came from the back of the store, where I saw workers fulfilling the orders. Instant Pickup is now the fastest service for getting Amazon items, beating out Prime Now , which typically takes a few hours, and AmazonFresh Pickup , which you'll have to wait an ... (more...)
More Travel Chaos In London After Train Derailed At Waterloo More Travel Chaos In London After Train Derailed At Waterloo
- August 16, 2017

South West Trains said in a statement: "A points problem and an operational incident between Vauxhall and London Waterloo is causing disruption to journeys between these stations". The partially derailed train blocked three platforms, according to Network Rail spokesman Chris Denham. Today's disruption also comes as SWT embarks on a large-scale series of works to improve the station between 5-28 August. (more...)
United States stocks fall on North Korea worries United States stocks fall on North Korea worries
- August 14, 2017

Investors' unease over escalating tensions between the USA and North Korea pushed gold and bond prices higher. US stock benchmarks were setting up for more losses Friday, with the S&P 500 facing its worst weekly performance since November, as U.S. (more...)

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