Markets

Slack soars 60% in NYSE direct listing, hitting $21 billion market cap

In other words, the company took its shares straight to market. Slack isn't the first tech company to do a direct listing instead of an IPO . Swedish music...


Qantas invests $25m in customer loyalty program overhaul

Qantas Frequent Flyer programme was introduced in 1987. One example reported by the Australian shows a flight from Melbourne to Los Angeles which previousl...


Questions and criticism emerge for Facebook's Libra currency

Facebook hopes to launch the Libra in the first half of 2020. Is that what Facebook and Libra told Chairman Powell? Facebook's announcement and Libra...


Apple plans to move more of their production out of China

The Nikkei Asian Review reports that Apple is considering moving between 15 and 30 percent of its iPhone production away from China in an attempt to insulat...


Commodities - Oil Prices Gain despite Mideast Tension

An Opec delegate cited by Bloomberg had said on Tuesday that the group's president, Venezuelan energy minister Manuel Quevedo, managed to get the different ...


Mount Vernon woman catches mysterious illness in Dominican Republic

Tim Jensen, a native of Virginia, and his family vacationed at the Hard Rock Hotel and Resort in Punta Cana earlier this month. The former Dancing With The S...


Qatar Airways just beat SIA to become the world’s best airline

It is the fifth time that Qatar Airways has been named the world's best airline, after winning the award in 2017, 2015, 2012 and 2011. AirAsia won best low-...


Fed Chair Powell Won't Step Down If Trump Demotes Him

Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. EDT (1830 GMT) to elaborate on the results of the policy meeting, which was the first sin...


Credible evidence linking Saudi crown prince to Khashoggi murder: United Nations expert

His dismembered body has not been found. In a much anticipated report, released Wednesday, UN extrajudicial executions investigator Agnes Callamard said tha...


Fed votes to hold interest rates steady, angering Trump allies

The Fed's target rate remained at 2.4 per cent for 2019, unchanged from its March projection. Wall Street closed higher on Wednesday: The Dow Jones Industri...


Facebook reveals cryptocurrency Libra

Although details regarding how user's will acquire Libra remain foggy, Facebook did suggest that it will first be distributed on WhatsApp and Messenger ...


Trump says Florida re-election rally will rock

President Trump held a kickoff rally with thousands of supporters in Orlando Tuesday night. "If you want to know how the system is rigged, just compare how...


Trump Criticizes European Central Bank’s Tactics

Mr Trump has repeatedly criticized the Fed and pressured Powell to cut rates , and on Tuesday lashed out at Mr Draghi's statements, saying an European Central ...


Facebook to launch new cryptocurrency, called Libra

There is no official launch date for Facebook's digital wallet app or cryptocurrency, nor has the company said whether it will be available globally right a...


UK, China Securities Watchdogs Back Joint Stock Market Link

A new stock exchange connection between Britain and China launched on Monday, which will see UK-listed companies become the first foreign firms permitted to l...


Boeing Said Open to Changing Name of Grounded 737 Max Jet

International Airlines Group , or IAG, parent of British Airways, Iberia, Aer Lingus, and two low-priced European airlines, made a surprise move Tuesday at the ...


Huawei expects 40%-60% drop in global smartphone shipments

The ban has forced companies, including Alphabet Inc's Google and British chip designer ARM to limit or cease their relationships with the Chinese company. Hu...


Chewy Joins Successful Tech IPO Trend on First Day of Trading

For 2018, Chewy reported net sales of $3.53 billion, up about 68% from $2.104 billion in 2017. The company was valued at more than $15 billion following the sto...


U.S. crude stockpiles rise unexpectedly for second week

Analysts in a Reuters poll had expected stockpiles to fall by 481,000 barrels. -China trade war will weigh on global economic growth and fuel demand. They w...


Target ups the ante in online delivery wars

Customers will also be able to pay with their Target REDcard to receive five percent off their purchases in addition to taking advantage of weekly ad promos, ...


Facebook's cryptocurrency backed by PayPal, Visa, Mastercard, Uber

What we do know about the consortium is that it'll reportedly be called the " Libra Association". Third-party organizations, contributing as much as US$10 mi...


Instagram Went Down And Everyone Freaked Out

Many have also complained that they can not post photos, send messages to other users or login. Users this afternoon trying to access Instagram , or at least...


Target registers suffer nationwide outage, leaving some customers in line for hours

In a tweet from one of its official accounts, Target said that it's "aware of a systems issue in store and are working as quickly as possible to get this fi...


Bethesda Porting Fallout Shelter To Tesla Cars

The free post-apocalyptic spinoff title, which launched for mobile devices in 2015, will join indie platformer Cuphead and Android racer Beach Buggy Racing 2...


King Arthur Flour recalls product over E. coli concerns

The affected products were distributed through retailers nationwide but not available for purchase through the company's website. ADM hasn't answered if those l...


Aviation Minister offers hope as Jet Airways sinks deep

With regard to declaration of financial results for the year ended March 2019, Jet Airways earlier said that it is not in position to consider and approve the...


Elon Musk: Tesla is not dealing with a demand problem

He also pointed out that additional software was in development. Sort of a supervised robot taxi, ' said Musk. "In the near term it all comes down to demand",...


Labour narrowly fail in bid to redirect Brexit

The Labour MP backed her party's efforts to take control of the parliamentary agenda, allowing it to table legislation to thwart the United Kingdom leaving with...


Huawei Mate X launch pushed back for totally-not-Android-related reasons

Huawei has come under mounting scrutiny for over a year, led by USA allegations that "back doors" in its routers, switches and other gear could allow China to ...


US says Iran removed unexploded mine from oil tanker

American officials released images they said show that Iran was involved in an attack on an oil tanker near the entrance to the Persian Gulf on Thursday (...


Huawei has reportedly filed trademarks for its Android replacement OS

China's Huawei has applied to trademark its " Hongmeng " operating system (OS) in at least nine countries and Europe, presumably preparing to roll it out aft...


Oil Prices Surge Over the Sentiments of Supply Cut

Oil futures extended losses after the U.S. Energy Information Administration (EIA) reported domestic crude stockpiles climbed last week by 2.2 million barrels. ...


Visa Launches Blockchain Payments System B2B Connect

Currently, most cross border payments go through Swift , but Visa is hoping to break into the market which it says is worth $125 trillion. Speaking about t...


Ford recalling 1.2 million Explorers for suspension issue

Separately Ford said it was recalling about 123,000 F-150 vehicles because of a transmission calibration issue . The recall will affect about 1.2 million v...


Uber eyes drones for food delivery, unveils new autonomous car

Uber said it has received regulatory approval to begin testing drone deliveries in San Diego, California. After describing the auto, they go on to say that w...


Facebook to pay users who allow access to phone data

Through the program, Facebook will collect and analyze information including details about the apps installed on a participant's phone; the amount of time spe...


Foxconn can make all iPhones outside of China (if necessary)

Liu said Foxconn's manufacturing capacity outside of China is sufficient to supply Apple and other customers with products for the USA market and that produ...


Dillons stores in Kansas to start selling topical CBD products next week

Kroger stores in MI will begin carrying CBD products this week as the grocery chain becomes the latest retailer to tap into the trendy alternative remedy. Consu...


Nissan slams Renault abstention on governance efforts vote

The two automakers are looking for ways to get an approval from Nissan , Reuters added. "As now proposed, this does not seem to be the case". "The second ste...


Will the Fed reverse course on rates?

For example, when the yuan is so weak against the Dollars, importers are able to slash their import costs. Fed Chair Jerome Powell and other officials insist ...


Meet the Deepfake Zuckerberg, Same as the Flesh Zuckerberg

Who made it? It was created by artists Bill Posters and Daniel Howe in partnership with a UK-based advertising company called Canny . "Imagine this for ...


The United Technologies and Raytheon Merger will be the Biggest in the

President Trump has poured cold water on a $120 billion merger between United Technologies and Raytheon by suggesting that the deal could make it harder for...


Salesforce buys Tableau for $15.7B to up its enterprise analytics game

Salesforce has announced a multi-billion dollar deal to buy big data company Tableau Software . "We are bringing together the world's number one CRM w...


Uber Air announces first global city to trial flying taxis

Uber Air shuttles could soon be a familiar sight in the skies above Melbourne . As TechCrunch reports , Uber's head of Elevate , Eric Allison, gave a pres...


How Build-a-Bear's "Pay-Your-Age" promotion works this year

More than 200,000 people are expected to win a Pay Your Age ticket. Children who aren't able to snag a ticket to pay their age later this month or an all-in...


Oil extends gain on supply cut, weak economy strains outlook

Oil prices climbed on Tuesday in Asia as market sentiment remained remained firm while expectations that producer cartel OPEC will extend supply cuts underpinn...


Trump's secret deal with Mexico news to them

Pompeo on Monday would not go into specifics about what new measures Mexico agreed to during the recent talks, aside from saying that it agreed to send an add...


Mexican president praises foreign minister after USA agrees to drop tariffs

Mexico and the United States might consider additional steps next month to restrict irregular immigration from Central America, Mexico's foreign minister said...


United Technologies + Raytheon: Becoming the #2 Player in Aerospace & Defense

The merger is expected to be wholly in the first half of 2020 once United Technologies has completely separated from Otis and Carrier. Companies have argued tha...


Raytheon and United Technologies merger to create U.S. defence giant

Trump said in an interview on CNBC Monday morning that it's "hard to negotiate" as competition in the defense industry shrinks. "When I hear United Technolo...