Markets

Warren Buffett's Berkshire Hathaway invests in Amazon for the first time

Buffett's portfolio managers are Todd Combs and Ted Weschler, but the report did not say which of them bought the shares or how much he bought. Amazon was tra...


April Jobs Report: 263,000 Jobs Added, Unemployment At 3.6 Percent

The unemployment rate is seen holding at 3.8%, its lowest level in almost five decades. And inflation has for several years defied the usual logic that low ...


Chase Bank Deletes 'Motivational' Tweet About Saving Money After Backlash

Customers didn't take too kindly to the advice and thought it was construed as "poor shaming". Dimon has in the past said he believes the U.S. economy is "funda...


Vodafone denies historic Huawei "vulnerabilities" posed Italy security threat

The sources added that Vodafone continued to use Huawei as a supplier because it services were priced competitively. However, further testing from Vodafone ...


Musk's Personal Credit Lines Dip as Tesla Looks to Raise Capital

That changed with a $702 million loss in the first quarter, and warnings that profit would be delayed until the latter half of the year. Tesla said Thursday ...


Chase Bank’s attempt at a ‘Monday Motivation’ tweet fails spectacularly

Chase, America's largest bank, joined the #MondayMotivation conversation on Twitter by offering tips to save money. On 29 April 2019, Chase Bank generated...


After earnings miss, Alphabet stock falls on slowing revenue growth

Revenue rose 17%, or 19% not counting currency exchange rate changes , to $36.34 billion. Excluding that, profit was $11.90 a share. "People are wondering if...


Berkshire Steps Into Fight for Anadarko on Occidental's Side

But Chevron said on Tuesday it stood by its initial offer. Chevron believes its "signed agreement with Anadarko provides the best value and the most certain...


Oil rises on Venezuela turmoil, Saudi support for Opec cuts

But he initially backed a go-slow approach, providing waivers to allies and trading partners such as China, India and Turkey. Oil prices have surged by nearly...


Fed likely to ignore Trump's call to cut interest rates

Trump slammed the Federal Reserve for "incessantly" raising interest rates and said cutting rates by a full percentage point would make the economy surge. Trump...


USA sanctions on Iran, rise in crude oil prices stoke inflation fears

Things could soon turn around for crude oil prices , which have been on the decline over the past few days. Trump has repeatedly called on OPEC to keep oil...


Group of soldiers appear with Venezuela opposition leader Guaido

In a surprise, Leopoldo Lopez , Guaido's political mentor and the nation's most-prominent opposition activist, stood alongside him. As events unfolded, gover...


Venezuela's Guaido in video calls for military uprising

Tuesday's call for a military uprising was the boldest attempt yet by Mr Guaido, who cited constitutional powers back in January to declare himself interim pres...


Facebook Messenger will soon work with WhatsApp and Instagram

After a year of data privacy scandals, Cambridge Analytica chief among them, I don't think I'd trust Facebook with my dating interests in general, let alone...


Elizabeth Warren blasts Chase for tweet about customers not having money

The tweet portrayed a hypothetical conversation between a bank customer and their bank account. Chase framed its tweet, which the company deleted following a ...


Jaguar Land Rover drivers will earn IOTA for sharing data

With the new tokens earned, clients are able to pay tolls, parking, and charging for electric cars. JLR says that the goal for this technology is to help " ac...


Alphabet shares fall as Google's parent company suffers from changes at YouTube

Last month, the European Commission fined Google €1.5 billion for trying to squeeze out rivals in internet search advertising. Alphabet shares dropped more th...


Trump says union members 'love' him, mocks Biden

Former Vice President Joe Biden became an instant frontrunner after launching his bid to win the crowded Democratic primary. "He knows that a strong middle cl...


Amazon speeds up shipping, but rivals' stores buck its challenge

What's more, since Amazon initially introduced Prime Two-Day shipping in 2005, Hartford cited how domestic margins for UPS fell from 15.7% in 2005 to 8.9% in 20...


SAS pilot strike leads to more flight cancellations for Monday, Tuesday

The strike will affect about 170 000 passengers during the weekend. Flight cancellations were declared by the flag provider of Sweden, Norway and Denmark on...


USA oil companies to make billions out of tougher sanctions on Iran

For the week, June WTI crude oil settled at $63.30, down $0.77 or -1.20% and June Brent crude oil finished the week at $72.15, up $0.18 or +0.25%. Oil price...


Airline SAS cancels flights as pilot strike deadline nears

Swedish, Danish and Norwegian pilot unions earlier this month called a strike if there was no agreement on wages and other terms after an earlier round of tal...


Lucara recovers 1758-carat diamond in Botswana

A Canadian company running the Karowe diamond mine in central east Botswana said the retrieved stone was one of the largest diamonds ever to have been unearth...


Ford says USA opened criminal probe over vehicle emissions

Ford has held meetings with the California Air Resources Board and EPA officials and turned over files associated with its review, a person briefed on the matte...


Exxon, Chevron Earnings Slump On Weak Refining Margins

Per-share earnings were 55 cents, compared with the average estimate of 72 cents in a Bloomberg survey of analysts. Its first-quarter profit fell to $2.35 bil...


Stocks close the week at record highs

The Dow Jones Industrial Average rose 81.25 points, or 0.31%, to 26,543.33, the S&P 500 gained 13.71 points, or 0.47%, to 2,939.88 and the Nasdaq Composite ad...


NY Prosecutors Allege Bitfinex Covered $850M Loss with Tether Funds

One of the world's most widely traded virtual currencies faces renewed doubts about its stability, after New York's top cop accused the coin's issuer of parti...


Air India server crashes, services hit

Flight operations were severely impacted and passengers across the country and globe have been stranded at airports, according to reports. Our technical teams w...


Elon Musk reaches settlement in SEC tweet battle

While the SEC expected Musk to begin regularly clearing tweets with lawyers, Musk interpreted this language as giving him significant discretion to decide for h...


Russian oil flow contamination roils Europe's refiners

This week it's been hit by probably the biggest crisis in its 55-year history: Both branches of the Druzhba pipeline have been closed due to the presence of con...


Boeing takes $1 billion hit on MAX grounding crisis, abandons outlook

The U.S. Federal Aviation Administration is under scrutiny for its original certification of the airline and has said it will work with regulators worldwide...


Subscribers Swarm Netflix In Record Numbers

Ever since Disney announced they were going to create their own streaming service in late 2017, the anticipation has greatly increased. These targets by Net...


Amazon Can Access Alexa Users’ Home Addresses Aside From Listening To Conversations

In a list of frequently asked questions about Alexa , Amazon says it uses mobile device location to provide more relevant answers and recommendations, and to e...


Xi hosts banquet for guests attending Belt and Road forum

In brief remarks to almost 40 world leaders and other high-ranking officials at China's second Belt and Road summit in Beijing , Lagarde said the program to ...


Trump boasts that economic growth is 'far higher than the high expectations'

Officials slightly dimmed their outlook for the economy in March, predicting the USA economy will expand at a pace of 2.1% this year. Gross domestic product...


Uber lowers IPO price, gets investment from PayPal

By comparison, the top end of Uber's valuation target is around eight times revenue past year. The filing puts Uber on track to make its trading debut in May ...


Stop & Shop reaches tentative contract deal, ending strike

Stop & Shop's statement on the tentative deal says only that it includes increased pay, "continued excellent health coverage for eligible associates", and o...


S&P & NASDAQ close at record highs!

The Toronto stock market's heavyweight financials sector fell 0.86 per cent led by the Royal Bank of Canada as bank profitability would be constrained without a...


Amazon Prime will soon include free 1-day shipping

During its Q1 2019 earnings call today, Amazon CFO Brian Olsavsky revealed that the company intends to evolve Prime from two- to one-day free shipping. Revenu...


Amazon makes garage parcel deliveries available

Amazon has recently announced that Amazon Prime members in the USA can now have their packages directly delivered inside their garages. If you feel a litt...


Ghosn once again leaves the Tokyo Detention House on bail:The Asahi Shimbun

He also is not allowed to see his wife, Carole, without court approval, his lawyers said. A spokesperson for Ghosn said the former Nissan boss was being d...


Harley’s Sales Are Down; President Trump To The Rescue!

In a tweet shortly after Harley reported results yesterday, Trump said the tariffs were "so unfair" to the USA and that he'll reciprocate. The US President...


Walgreens to Raise Minimum Age for Tobacco Sales to 21

As of late 2018, each transaction that includes a tobacco product will require age verification. INSIGHT: Earlier this year (former) FDA commissioner, Scott G...


Windows and cloud pushes Microsoft to another successful quarter

Microsoft's stock has gained about 23 per cent gain so far this year, after hitting a record high of $125.85 during regular trading hours. Satya Nadella, Micr...


Nearly 57 tons of ground beef for possible E coli

You can prevent the spread of E.Coli by cooking ground beef properly and by washing your hands while preparing the meat. An e-coli outbreak believed to be lin...


Alphabet's Wing Gets Approval For Drone Delivery Service in the US

Wing, the aerial-delivery venture spun out of Google , has become the first US drone operator to receive federal clearance as an airline, meaning it can start ...


Facebook anticipates an FTC privacy fine of up to $5 billion

VideoDebra Aho Williamson, EMarketer principal analyst, and Techonomy founder David Kirkpatrick break down Facebook Inc . Earnings per share dropped 50% from a...


China bans blood, imperial history, and Mahjong from video games

Video games that show blood or death; headlines based on China's imperial past and even gambling-related titles like Poker and Mahjong will be specifically...


Iranian Leaders Defiant in the Wake of US Oil Sanctions

Iranian Foreign Minister Mohammad Javad Zarif also warned the United States, saying at an Asia Society event in NY it should "be prepared for the consequences" ...


Amazon customers can now return their items at Kohl's

Regardless of the return reason and packaging status, items will be accepted by Kohl's and returned to Amazon for you. Amazon returns today require a box and ...