Markets

Tesla to raise prices, backtracks on closing most stores

In its blog post announcing the change, Tesla said that, "we have made a decision to keep significantly more stores open than previously announced as we c...


Nvidia to acquire Mellanox for US$6.9bn - General Business

The all-cash acquisition is the for Nvidia, a company best known for its graphics processors for high-performance gaming. Nvidia has been pushing more into ne...


Tesla hits brakes on retail store closures, will raise prices instead

There are just days to go before the newest all-electric SUV made by electric vehicle pioneer Tesla, the Model Y , is introduced to the world. Cost savings f...


AUSTRAC suspends crypto currency exchanges after AFP investigation

These changes included increasing the scope of the Act to feature regulation of cryptocurrency exchange providers. The raid led the Australian Transaction ...


Philadelphia Bans Cashless Businesses - Bad for Bitcoin?

In the age of cashless shopping and digital payments, Philadelphia mayor Jim Kenney thinks otherwise. As of July 1, any businesses failing to comply with th...


Rio Tinto's shares take hit after two analyst downgrades

The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. UBS Group downgraded Rio Tinto from a "buy" rating to a "neutral" rating ...


Trump expected to seek $8.6 billion for border wall in new budget

One senior administration official told The Washington Post the $8.6 billion in the budget request, combined with the funds Trump wants to redirect with thr...


Norway sovereign wealth fund to dump oil and gas

Integrated stocks, like Royal Dutch Shell (RDS.A), will not be sold. The fund owns shares in Canadian companies such as Canadian Natural Resources Ltd., Cen...


Brexit in peril if PM May's deal is rejected: foreign minister Hunt

In an interview with the Financial Times, he urged Tory MPs to back the Withdrawal Agreement anyway, saying it would enable him to start spending the "insurance...


Full-Time Jobs Surge in February

For the third consecutive month, Ontario and Quebec drove the overall gains, with little marked movement in the other provinces. "The ongoing gains in employm...


Porsche collects loads of four-figure deposits for Taycan EV

With production of the final version of the model set to begin in September, we can conclude that the Taycan production version will likely make its in-the-fles...


Airbnb to purchase Hotel Tonight

Airbnb has announced an agreement to buy last-minute hotel booking service Hotel Tonight, as the firm moves beyond its roots as an accommodation-sharing platfo...


Financing Deals Put Tesla Closer to Making Model 3s in China

Tesla's lenders of the unsecured loan include China Construction Bank Corp, Agricultural Bank of China, Industrial and Commercial Bank of China and Shanghai ...


The Bank of Canada March 2019 rate statement

The Canadian dollar swooned on the news, falling almost half a cent U.S.in minutes following the bank's announcement. The Canadian dollar dipped for sixth c...


At least 30 injured on Turkish Airlines flight to JFK

NBC New York reported those hurt had mostly suffered bumps and bruises, though the full extent of the injuries is not known at this time. The crew declared an ...


Growth fears, China equity plunge haunts world stocks

Chinese mainland markets were among Friday's worst performers, but the negative sentiment was also lingering over Japan and Hong Kong, with the Nikkei down 2.01...


Lawyer says he was behind Carlos Ghosn’s ‘disguise’ during release

A lawyer representing ex-Nissan chief Carlos Ghosn on Friday apologised for "tainting" the tycoon's reputation by suggesting he disguise himself as a workman ...


$279M lotto winner's ex-wife doesn't want him or his money

Weirsky says that the sudden financial windfall is a welcomed stroke of luck following his long and unsuccessful job hunt. The ex-wife of New Jersey's lates...


Mike Ashley launches bid to take charge of ailing Debenhams

Ashely is proposing to install himself as an executive to the retailer and he will step down from his current positions. The company added to the statement th...


Walmart offers different job to Vancouver's John Combs

In a 2016 blog post , Walmart said the customer host would be "an associate who greets customers but also checks receipts where appropriate, assists with ret...


Airbnb to acquire HotelTonight to offer traditional hotel bookings

Furthermore, nearly 90 per cent of guests who first used Airbnb to book a hotel room - and returned in future for another booking - chose to book a home on ...


500 jobs at risk as LK Bennett collapses into administration

The company's Irish operation will not be affected as of yet however, as that comes under its worldwide arm which is not part of the administration process. The...


189 passengers use slides to get off smoking plane at Newark Airport

No fire was found and the cause of the smoke remains under investigation, said Steve Coleman , a spokesman for the Port Authority of NY and New Jersey said. Ch...


Employers only use 9% of apprenticeship levy funds

The report also flagged a substantial fall in the number of apprenticeship starts since the levy's introduction, from 509,400 in the year before the levy to 3...


USA economy adds just 20,000 jobs in February, well below expectations

The sharp slowdown in hiring, which may have been worsened by unseasonably cold weather, comes after employers added a blockbuster 311,000 jobs in January, th...


SpaceX splashes down in the Atlantic Ocean, completes historic crew capsule mission

After hours of suspense, the Crew Dragon touched down in the Atlantic Ocean at 8.45am some 370km off the coast of the U.S. state of Florida. No human spacef...


Japan stunned by Ghosn's release, critics hope for change

The 64-year-old has not spoken in public since his release on 1 billion yen ($9 million) bail from the Tokyo Detention House, where he had been held since his a...


Pizza to Passengers Stuck In The Snowstorm

Hughes estimates people were in the plane for roughly eight hours after boarding in Toronto. The plane had a capacity of more than 150 passengers, but it was no...


Trans Mountain pipeline court decision weighed on SNC strategy: Butts

But the Public Prosecution Service of Canada had determined SNC didn't meet the criteria for a DPA. He first learned that fact during her testimony last wee...


Mystery Deepens in Collapse of Exchange That Left £145m of Crypto Missing

Analysis of Quadriga CX transactions performed by the Zerononcense blog indicate there is a " very strong possibility " that significant amounts of Ethereum ...


Elizabeth Warren vows to break up tech giants if elected president

Amazon did not immediately respond to questions about Warren's plan . "These companies would be prohibited from owning both the platform utility and any par...


Powerball results for 03/06/19; did anyone win the $382 million jackpot?

The Puerto Rico ticket is worth $2 million because the victor spent an extra $1 to exercise the Power Play option. Saturday's prize rises to an estimated $414 m...


Virgin flight for cruise ship passengers quarantined at Gatwick

A Virgin Atlantic flight was grounded at Gatwick Airport on Wednesday after "150 passengers" fell sick on board. Passengers and crew on a Virgin Atlantic fl...


Behind Amazon's plan to open new grocery stores

The stores started offering some new services, including curbside pickup and delivery, but grocery stores such as Walmart and Kroger were already far ahead ...


OECD says no-deal Brexit could spark 'near-term recession'

For the current year, the forecast was lowered from 1.4 to 0.8 per cent by 2020 from 1.1 to 0.9 percent. The European Central Bank's (ECB) council is expected...


France unveils plan to tax internet giants

France will introduce a bill Wednesday (6 February) to tax internet and technology giants on their digital sales, and thus curb efforts to pay global levies in ...


Value of rare whisky rockets in Knight Frank's lucrative assets index

Whisky, included in the KFLII for the first time, replaces art as the top performing "investment of passion", ahead of coins on 12 per cent, while wine and art ...


Maduro denounces opponents as Guaido returns to Venezuela with renewed campaign

It has also handed Guaido control of Venezuela's bank accounts in the United States. Recognized by more than 50 countries as Venezuela's interim president, Gu...


The £9.5m La Voiture Noire

Unfortunately they're only making 1 of these cars and it's already sold. New chief Herbert Diess has sought to accelerate an overhaul to make the company more...


FDA Commissioner Scott Gottlieb is resigning

Gottleib's administration has approved a large number of new drugs, medical devices and generic medicines. "He and his talents will be greatly missed". Accordin...


Amazon to close all of its pop-up stores

Amazon also has similar stores in number of European countries, opening its first in Spain in November. Amazon , the giant online retailer, is closing all 8...


Family Dollar will close 390 stores nationwide

Dollar Tree bought Family Dollar in 2015 for $8.5 billion. Company officials are partly blaming the tough winter weather for its financial performance. BREAKI...


Charlotte Russe closing all stores; liquidation sales starting immediately

In a Wednesday court hearing in Wilmington, Delaware a judge approved the sale of Charlotte Russe's assets to SB360 Capital Partners LLC, a liquidation compan...


Lost something in September? Chances are it's in your Uber

Bengaluru may have the dubious distinction of being one of India's most traffic-choked metropolises, but the garden city could well be on its way to being its m...


Zuckerberg Announces Big Changes To Facebook. Here’s What People Should Expect

Facebook will also bring self-deleting messages so that users can set messages to auto-delete or archive in a minute, a month or a year (just like the features ...


Asbestos found in Claire’s eye shadow, compact and contour palette

Cosmetics manufacturers are not required to test their products for safety. "We also want to know how many cosmetics products contain talc and whether manufac...


Meet the Volkswagen ID Buggy

Volkswagen's electric future looks fun, at least that's the kind of vibe the I.D. Buggy concept is all about at the 2019 Geneva Motor Show this year. The pack...


Chick-fil-A drops new fish sandwich for Lent

The chain said in addition to their Fish Sandwich they are also offering a Deluxe Fish Sandwich and boxed 2- and 3-count fish entrees and meals, served with W...


BMW and Toyota warn of no-deal Brexit threat to United Kingdom plants

Schwarzenbauer said BMW might be forced to stop producing certain auto models at its plant near Oxford. "For us... if there is a two-to-three month delay we w...


Tesla Superchargers (V2) will get upgraded to 145 kW charge rate, worldwide

And it's about to get quicker-more akin to a gas-station stop. Every four chargers will be fed off of a single 1,000 kW power cabinet, which means owners will...