Economy


To build express line to Chicago's O'Hare To build express line to Chicago's O'Hare
- June 17, 2018

We got a look at the future station at the beginning of a 17-mile system of twin underground tunnels carrying electric vehicles at speeds of up to 150 miles per hour. A lengthy write-up in The Chicago Tribune says that the total cost of the project could be around $1 billion, according to unnamed sources with knowledge on the matter. (more...)
Fed raises rates; officials boost outlook to four hikes in 2018 Fed raises rates; officials boost outlook to four hikes in 2018
- June 15, 2018

The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labour market conditions, and inflation near the Committee's symmetric 2 per cent objective over the medium term. (more...)
Comcast outbids Disney with $65 billion offer for Fox assets Comcast outbids Disney with $65 billion offer for Fox assets
- June 15, 2018

Following a federal judge's approval of AT&T's merger with Time Warner , Comcast stepped forward with a $65 billion all-cash offer for Fox , which it billed as superior to The Walt Disney Co .'s $52.4 billion all-stock bid. A judge approved AT&T 's $85.4 billion takeover of Time Warner on Tuesday, signaling that other deals could likely be approved as well. "Our proposal represents a premium of approximately 19 percent to the value of Disney's offer as of noon today". (more...)
WH Adviser Apologizes For 'Special Place In Hell' For Trudeau Remark WH Adviser Apologizes For 'Special Place In Hell' For Trudeau Remark
- June 13, 2018

Canadian Prime Minister Justin Trudeau has closed the G7 summit by stating he "won't be pushed around" by Donald Trump on trade. "And that's what bad faith Justin Trudeau did with that stunt press conference ". The president has made a lot of noise at this year's G7 event in the Quebec town of La Malbaie - first by launching a Twitter attack on Canada's trade policies before the summit and then for suggesting Russian Federation be invited to re-join the alliance. (more...)
New Tesla software to offer 'full' autonomy, Musk says New Tesla software to offer 'full' autonomy, Musk says
- June 13, 2018

Tesla's Autopilot driver assistance system has had its share of controversy, but the latest Autopilot controversy stems from a third-party accessory. " COPV [composite overwrapped pressure vessel] in place of the kid seats, which is prob wise for many reasons", Musk detailed in the first talk of the vehicle since Tesla's annual meeting last week. (more...)
The Best from The 72nd Annual Tony Awards Red Carpet The Best from The 72nd Annual Tony Awards Red Carpet
- June 11, 2018

Garfield's early victory allowed the TV broadcast to begin with a familiar face from the movie "Spider-Man", ideal for younger viewers who then got to see both Fey and a scene from her nominated musical, " Mean Girls ". The brief, nearly token, insult provoked a disproportionately strong reaction from the audience at New York's Radio City Music Hall. However, " Carousel " choreographer Justin Peck won the Tony, and cast member Lindsay Mendez won the the Tony for best supporting actress. (more...)
'We Don't Mind Being 6' Macron Says G-7 Doesn't Need US 'We Don't Mind Being 6' Macron Says G-7 Doesn't Need US
- June 08, 2018

They tellingly talked up the Canada-Europe Union trade agreement as a model for global trade that supports sustainable development, independent dispute settlement, and is already boosting trade between the partners. He told reporters: "Maybe the American president doesn't care about being isolated today, but we don't mind being six, if needs be". But he defended that approach, saying, "there is a friendship between our two peoples". (more...)
Musk keeps firm grip on Tesla as shareholders get behind boss Musk keeps firm grip on Tesla as shareholders get behind boss
- June 07, 2018

Tesla's board had recommended that shareholders re-elect all three board members, as well as reject a shareholder proposal that would have required the board chairman be an independent director. He reiterated that the company will not need to raise money this year. The shareholders he represents want Tesla to succeed, he said, "but the current board is an obstacle, not an aid, to these goals". (more...)
ASX uncertainty as United States tariffs spark global trade war ASX uncertainty as United States tariffs spark global trade war
- June 02, 2018

It represents an apparent breakdown in Trudeau's efforts to find common ground with the tough-talking president. "During an OECD trade forum in Paris on Wednesday, Mr. "To be honest with you, I wouldn't mind seeing NAFTA where you'd go by a different name, where you'd make a separate deal with Canada and a separate deal with Mexico ", Trump said. (more...)
The big Visa disruption highlights the risks of our electronic payment future The big Visa disruption highlights the risks of our electronic payment future
- June 02, 2018

A Bank of England spokesman has said they are "aware of the issue" and that they are "engaging" with Visa in order to "resolve the situation". A Visa spokesperson said: "Earlier today, Visa had a system failure that impacted customers across Europe". (more...)
Start the weekend with free doughnuts from these local shops Start the weekend with free doughnuts from these local shops
- June 01, 2018

Locally in Bryan/College Station; The Salvation Army Bryan/College Station is partnering with all Shipley Do-Nuts stores in the area to provide one free glazed donut to customers while supplies last. National Doughnut Day is celebrated on the first Friday of June of each year. They're thick-cut, fresh slices of Granny Smith apples, dipped in gourmet dark chocolate and topped with stuff like coconut shavings, colored chocolate glaze, caramelized hazlenut crunch and almonds. (more...)
Service dog gives birth to 8 puppies at Florida airport Service dog gives birth to 8 puppies at Florida airport
- May 29, 2018

Here's something you don't see every day. a two-year-old yellow lab named Eleanor Rigby - or "Ellie" for short - gave birth near gate F-80. And yes, the two women have since missed their flight to Philly. Tampa International Airport wrote on its Facebook page. The puppies' father, a service dog named Nugget, was among the onlookers at the airport. The family, puppies and all, will be driving to Philadelphia instead, about 1,000 miles. (more...)
High oil prices may spoil party for BJP in 2019 High oil prices may spoil party for BJP in 2019
- May 28, 2018

Petrol and diesel prices across the country were raised for the 15th straight day today with Oil Marketing Companies (OMCs) passing on the increase in global fuel prices to the consumers. Though UPA lost elections on several other issues in 2014, its inability to control fuel prices played a big role. "When crude prices were falling from November 2014, the repeated increase of duty was a strategic error of the government". (more...)
Energy ETFs Plunge as OPEC Looks to Higher Production Energy ETFs Plunge as OPEC Looks to Higher Production
- May 27, 2018

Saudi Arabia , Russia and the rest of OPEC "are likely this week to discuss a controlled relaxation of over-compliance with the Opec and non-Opec production-cut target", according to Argus Media. Traders are still awaiting clarity over President Trump's decision to reimpose sanctions on Iran , while the USA also took new measures against Venezuela this week. (more...)
Petrol price up by 38 paise in Thiruvananthapuram Petrol price up by 38 paise in Thiruvananthapuram
- May 27, 2018

As protests against rising petrol and diesel prices grow, the government has said that it is working on finding a "long-term solutions" . The loss of revenue and profits is the reason that there is reluctance in government to bring fuels under the GST as it will reduce the taxes that are levied these days. (more...)
Comcast Is Prepping 'Superior' All-Cash Offer for Fox Assets Comcast Is Prepping 'Superior' All-Cash Offer for Fox Assets
- May 25, 2018

While "no final decision has been made", the company said "any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney ", adding that "the work to finance the all-cash offer and make the key regulatory filings is well advanced". (more...)
Iran steps up broadsides against US, Syria signals Iran won't leave Iran steps up broadsides against US, Syria signals Iran won't leave
- May 24, 2018

Earlier this month, US President Donald Trump pulled out of the 2015 nuclear deal that lifted sanctions on Iran in exchange for curbs to its nuclear programme. exit, including steps to safeguard trade with Tehran and guarantee its oil sales. He said: "We can not let the United States flout worldwide law, their behaviour towards Iran is unacceptable". (more...)
Jared Kushner finally gets permanent security clearance Jared Kushner finally gets permanent security clearance
- May 24, 2018

He said the Kushner's application was "properly" submitted, reviewed by numerous career officials and underwent the normal process. His clearance was suspended in February, however, as the White House faced blowback over the Rob Porter scandal. (more...)
Thousands gather to remember victims of Manchester attack Thousands gather to remember victims of Manchester attack
- May 23, 2018

On May 22, 2017, Grande had just left the stage at the Manchester Arena when police say suicide bomber Salman Abedi detonated an explosive device, killing 22 people and injuring more than 100 others. The video pays tribute to the Manchester bombing victims with the image of a bee, a symbol of the city. "My heart is always going to be in Manchester, always has been and always will be". (more...)
Kroger Forms Partnership With Online Grocer Ocado Kroger Forms Partnership With Online Grocer Ocado
- May 18, 2018

Kroger shares were last up 1.6 percent on the deal , with investors reassured by the USA company saying the move would not dampen expected earnings for 2018 and 2019. The two companies are working to identify the first three sites in 2018. " Ocado has really awesome technology that works", said Ken Lonyai, Independent Consultant and Strategist, in a RetailWire discussion. (more...)
RED's hydrogen phone with full 'holographic display' set to launch RED's hydrogen phone with full 'holographic display' set to launch
- May 18, 2018

Studios in Los Angeles, June 2-3. The Red Hydrogen One phone will be available on Verizon and AT&T once it's released later this year. If you're interested, AT&T asks that you first register for the event to ensure a spot is saved for you. (more...)
Malaysia's ex-deputy premier Anwar Ibrahim released after getting full pardon Malaysia's ex-deputy premier Anwar Ibrahim released after getting full pardon
- May 17, 2018

Anwar, 70, was convicted of sodomy in 2015 in a case that he said was aimed at crushing his alliance, which was making gains against Malaysia's long-ruling coalition government. Events took a remarkable turn earlier this year, when Mr Mahathir announced he would join forces with the opposition and run for top office once again. (more...)
Elon Musk Explains Improvements to SpaceX's Falcon 9 Block 5 Rocket Elon Musk Explains Improvements to SpaceX's Falcon 9 Block 5 Rocket
- May 17, 2018

And by subscribing, you'll also receive full coverage of what's next in technology from the experts trusted by the global aerospace & defense community. With a few refurbishment, a Block 5 initial stage ought to have the ability to start 100 occasions, Musk said. The new Falcon 9 Block 5 is specifically designed for reusability, with the rocket designed for quick re-launch with only inspection and no reconditioning, and-with some routine component replacements-are designed for hundreds of ... (more...)
Wall Street drops on concerns over US-China trade woes, rising inflation Wall Street drops on concerns over US-China trade woes, rising inflation
- May 16, 2018

Smaller rival Lowe's Companies Inc was down 1.0%. Stocks are opening moderately higher on Wall Street, led by gains in technology, health care and energy companies. The dollar rose to 110.38 yen from 109.66 yen late Monday. The greenback's gains weighed on precious metals prices. The biggest drags on the sector were Kinross Gold Corp., which fell 2.5 per cent, and Barrick Gold Corp., which dropped 1.9 per cent. (more...)
Uber will no longer force victims of sexual assault into private arbitration Uber will no longer force victims of sexual assault into private arbitration
- May 16, 2018

A CNN investigation revealed at least 103 Uber drivers in the US were accused of sexually assaulting or abusing passengers in the past four years. As part of its investigation , CNN also contacted more than 20 police departments to obtain data on complaints that involved Uber and Lyft drivers and sexual assault. (more...)
Walmart may launch Flipkart IPO in as early as 4 years Walmart may launch Flipkart IPO in as early as 4 years
- May 15, 2018

The Flipkart share purchase deal is likely to close by 9 March 2019. Furthermore, Walmart has shed some light on its plans to come out with an initial public offering (IPO) for Flipkart . Dutta. Elaborating on the deal, Walmart Inc said the Flipkart board will initially have eight directors: five Walmart-appointed, two appointed by certain minority shareholders and one founder. (more...)
Why Ford Has Stopped Production of America's Best-Selling Pickup Why Ford Has Stopped Production of America's Best-Selling Pickup
- May 11, 2018

Earlier this week, the United Auto Workers union warned workers who assemble the F-150 at the Dearborn truck plant that production could be stopped later this week. As production is hobbled, Ford could face a shortage for its best-selling and most profitable truck. It's the best selling vehicle in the country, and now that Ford is in the middle of an $11 billion cost-cutting initiative, shutting down the F-150 plants a devastating blow. (more...)
Saudi Arabia wants nuclear bombs if Iran restarts its weapons programme Saudi Arabia wants nuclear bombs if Iran restarts its weapons programme
- May 10, 2018

U.S. President Donald Trump announced Tuesday the United States will pull out of the 2015 nuclear agreement, vowing to re-impose nuclear-related economic penalties on Iran . In effect, the United States agreed to implement tough sanctions , and Saudi Arabia agreed to limit the impact on oil prices. "At the heart of the Iran deal was a giant fiction - that a murderous regime desired only a peaceful nuclear energy program". (more...)
Japan's biggest ever deal: Takeda buys Shire for $62 billion Japan's biggest ever deal: Takeda buys Shire for $62 billion
- May 09, 2018

Takeda confirmed its pursuit of Shire in late March. Takeda's board members have approved the details of the acquisition plan that the company will formally propose to Shire , according to sources. The combined company will be headquartered in Japan , but Takeda said it will boost its research and development presence in the Boston area, where both companies have sites. (more...)
Man eats his 30000th Big Mac Man eats his 30000th Big Mac
- May 07, 2018

Having now eaten 30,000 over the past 46 years, that means on average Gorske eats 1.8 Big Macs per day for four-and-a-half decades. A pamphlet chronicling Gorske's hamburger habit offers a hint of why he's so devoted, according to Detroit television station WXYZ. (more...)
Cosby victim of mob justice, claims wife Cosby victim of mob justice, claims wife
- May 05, 2018

Camille Cosby , 74, said chief accuser Andrea Constand was a liar whose testimony about being drugged and molested at Cosby's home in January 2004 was "riddled with innumerable, dishonest contradictions". "If they can do this to Mr. Cosby, they can do so to anyone", she said. "Since when are all accusers truthful?" she wrote . A more recent example is the case of Darryl Hunt, an African American who in 1984 was wrongfully convicted for the rape and murder of a white woman, only to have ... (more...)
Hedge fund heaps criticism on Tesla after Musk's conference call Hedge fund heaps criticism on Tesla after Musk's conference call
- May 05, 2018

Both Toni Sacconaghi of Bernstein and RBC's Joseph Spak have the equivalent of "neutral" ratings on Tesla. Back in 2012, Musk commented on the short interest on Tesla's stock and warned that anyone holding a stock position against the company will have a "tsunami of hurt" coming for them. (more...)
#ICYMI Asks: Should Donald Trump win the Nobel Peace Prize? #ICYMI Asks: Should Donald Trump win the Nobel Peace Prize?
- May 05, 2018

Once the mountain over North Korea's nuclear test sites collapsed, the little Rocketman dictator was eager to smile, play nice and meet South Korea's president at the DMZ. The 2017 prize was given to the International Campaign to Abolish Nuclear Weapons. "And even President Moon says that and he's been great", Trump said to supporters at a rally in MI last weekend. (more...)
Former VW CEO Indicted in Emissions Cheating Case Former VW CEO Indicted in Emissions Cheating Case
- May 04, 2018

The U.S. Department of Justice says Winterkorn has been charged with four counts of violating federal law. Winterkorn was among the first wave of executives ousted by VW Group as the emissions cheating debacle came to light late in 2015. According to the papers, the CEO was at one point informed of the illegal practices of the company and chose to cover them up. Like Winterkorn, they have not been apprehended and reside in Germany. (more...)
Fed Holds Rates Steady, Notes Strongly Rising Business Investment Fed Holds Rates Steady, Notes Strongly Rising Business Investment
- May 03, 2018

The trade-weighted index fell to 73.12 from 73.25. The kiwi traded at 58.50 euro cents from 58.42 cents. The Fed signalled it is more confident that US inflation will remain around the central bank's 2% target range after undershooting that level for much of the last six years.The US central bank said in the statement that price growth has moved close to its target and is likely to stay there in the medium term. (more...)
Chinese smartphone maker Xiaomi files for Hong Kong IPO Chinese smartphone maker Xiaomi files for Hong Kong IPO
- May 03, 2018

The Chinese company submitted documents Thursday to list shares on the Hong Kong stock exchange. Xiaomi submitted a heavily redacted filing to the Hong Kong exchange late on Wednesday laying out its financial details in what appeared to set the stage for a full IPO announcement. (more...)
First lawsuit filed over Southwest Airlines horror flight 1380 First lawsuit filed over Southwest Airlines horror flight 1380
- May 02, 2018

President Trump is set to meet with the crew of the Southwest Airlines flight that experienced an engine explosion, killing Albuquerque mother Jennifer Riordan. The National Transportation Safety Board is trying to determine why a fan blade tore loose, shattering the CFM engine and shooting fragments at a wing and the fuselage of the Boeing Co. (more...)
Microsoft Shares Wobble Despite 16% Lift In Revenues Microsoft Shares Wobble Despite 16% Lift In Revenues
- April 27, 2018

Microsoft's next earnings report will be on July 19, and it will also have an end-of-year report. Amazon is several times bigger than Redmond, Washington-based Microsoft in the cloud-infrastructure market, but doesn't focus on the work productivity-apps space. (more...)
Free trade deal with European Union Free trade deal with European Union "overwhelmingly probable", says Brexit minister
- April 27, 2018

David Sterling's letter to the man who now works as the prime minister's Europe adviser was sent last August. The defeat is the latest in the House of Lords for May and her Conservative government as parliament debates the European Union withdrawal bill which will sever ties with the European Union and pave the way for Britain to leave in March next year. (more...)
Geopolitics Beat Fundamentals To Lift Oil Prices Geopolitics Beat Fundamentals To Lift Oil Prices
- April 27, 2018

Traders said markets climbed on expectations that the United States will in May re-impose sanctions against Iran , a major oil producer and member of the Organization of the Petroleum Exporting Countries ( OPEC ). Crude stocks at the Cushing, Oklahoma, delivery hub for USA crude futures rose by 459,000 barrels, EIA said. The statistical arm of the US Energy Department at the Energy Information Administration on Wednesday, April 25, said crude oil export from US hit 2.331 million ... (more...)
Snipers Overlook Crowd of Protesters Near Israel-Gaza Border (File) Snipers Overlook Crowd of Protesters Near Israel-Gaza Border (File)
- April 23, 2018

He alleged that it was likely that the victim had been killed as part of an internal Palestinian dispute. Hamas leader Ismail Haniyeh said Mossad had been behind past attempts to kill Palestinian scientists, and the attack on Batash "follows this sequence". (more...)
FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident
- April 22, 2018

Following this, the US Federal Aviation Administration (FAA) has ordered the inspection of 681 Boeing 737 engines around the world over the next twenty days. An initial investigation found evidence of metal fatigue where a fan blade had broken off. Investigators point to a hidden interior crack on the fan blade as the culprit. (more...)
Weekly Renishaw plc (LON:RSW) Ratings as of April 21, 2018
- April 22, 2018

Folger Nolan Fleming Douglas Mngmt has invested 0.02% in Premier Oil plc (LON:PMO). Thompson Invest Mgmt Inc has 0.04% invested in Costain Group PLC (LON:COST) for 1,265 shares. The rating was maintained by JP Morgan on Thursday, March 8 with "Overweight". The firm earned "Buy" rating on Wednesday, April 12 by Jefferies. Deutsche Bank upped their target price on shares of Debenhams from GBX 27 ($0.39) to GBX 33 ($0.47) and gave the company a "hold" rating in a research report on Friday. (more...)
OPCW inspectors to be allowed in to Douma OPCW inspectors to be allowed in to Douma
- April 21, 2018

She told MPs in the House of Commons that there was "clear evidence" the Bashar al-Assad government was behind a recent chemical weapons attack in Douma and it had been necessary to go ahead with the action without recalling Parliament for a vote on the issue to maintain the "vital security" of the military operation. (more...)
RUDY RETURNS: Giuliani VOWS to End Mueller Probe Within 'Weeks' RUDY RETURNS: Giuliani VOWS to End Mueller Probe Within 'Weeks'
- April 21, 2018

Last month the Trump legal team lost John Dowd and planned to add Joseph diGenova and Victoria Toensing. Trump's legal counsel announced the move in a statement Thursday. The President believes that Giuliani - a brash New Yorker with a reputation as a tough prosecutor - can assess Mueller's team and possibly shepherd a swift end to the investigation, according to a source familiar with Trump's thinking. (more...)
Saudi Arabia 'Pumps' Oil Prices Higher Saudi Arabia 'Pumps' Oil Prices Higher
- April 20, 2018

Brent crude oil futures rose $1.52, or 2.1 percent, to $73.10 a barrel by 10:50 a.m. ET (1450 GMT), taking out last week's three-year high of $73.09. "The idea of bearish USA production just getting dumped onto the open market and taking down oil prices is getting some reprieve for now". Oil was trading above $74 on Thursday, having reached its highest since November 2014. (more...)
Telegram Retains Users After Russia's Ban Amid Internet Chaos Telegram Retains Users After Russia's Ban Amid Internet Chaos
- April 19, 2018

The Telegram logo is seen on a screen of a smartphone in this picture illustration taken April 13, 2018. "We have now informed both companies that a significant number of IP addresses located in the clouds of these two services have fallen under the block on the basis of the court ruling (to block Telegram)", Zharov was quoted as saying. (more...)
Amazon, Best Buy partner to sell Fire smart TVs Amazon, Best Buy partner to sell Fire smart TVs
- April 19, 2018

Roku's stock plummeted after Amazon and Best Buy said they are teaming up to sell smart TVs. The new Fire TV Edition televisions are 4K sets that have Amazon's Fire platform built in . The Amazon Fire TV has been around for a few years now and has seen some success. "Clearly, Amazon has been a leader in the bolt-on business with the Fire TV sticks and boxes, but they were behind a little bit in getting out to televisions". (more...)
NIA judge who delivered verdict in Mecca Masjid blast case resigns NIA judge who delivered verdict in Mecca Masjid blast case resigns
- April 19, 2018

The acquittal of all the five accused in the 2007 Mecca Masjid blast case by the NIA special court in Hyderabad on Monday is bound to prove controversial. NIA and CBI are expected to be the premier agencies, but both of them pointed fingers at each other in the probe which is a sad state of affairs. Hitting back at the Congress leaders for blaming the BJP government for the acquittals of the accused, he alleged that the opposition party adopted "double standards", as it had ... (more...)
Dry ATMs: Rahul takes a dig at govt Dry ATMs: Rahul takes a dig at govt
- April 18, 2018

According to the latest Reserve Bank of India (RBI), cash in circulation as on April 06, 2018 is Rs18.4lakh crore which is very close to currency in circulation pre-demonetization which was Rs17.97lakh crore. A local in Hyderabad said, "We have been unable to withdraw cash from ATMs as the ATM Kiosk, in several parts of the city, have run out of cash". Over all there is more than adequate currency in circulation and also available with the banks. (more...)