Finance

Federal Reserve raises interest rates

Federal Reserve raises interest rates The federal funds target rate, which is now between 1.75 and 2 percent, is the highest it's been in almost a decade, indicating that the nation's central bank has confidence the economy will continue to expand. However quarterly economic forecasts show central bankers now expect the rate to end the year at 2.4%, rather than the 2.1% projected in March. For 2020, the Fed foresees a median rate of... [Full Article...]

Honest, direct and productive meet with North Korean leader, says US President

Honest, direct and productive meet with North Korean leader, says US President Trump said the negotiations he has initiated should help improve conditions in the isolated country, which successive United States administrations have targeted for gross human rights violations. "No longer - sleep well tonight!" Typically, arms-control deals are verified by trained experts inspecting military and nuclear facilities. Trump insisted that strong verification of denuclearization wo... [Full Article...]

Trudeau's criticism will cost Canada 'a lot of money'

Trudeau's criticism will cost Canada 'a lot of money' One particular source of his ire recently has been Canada's supply management system, which levels tariffs of up to 300 per cent on imported dairy products. Kudlow said Trudeau had engaged in a "a sophomoric political stunt for domestic consumption" and should apologize. The slow progress of the talks - the Trump administration has missed multiple deadlines to notify Congress of modifications to... [Full Article...]

Oil Prices Are Too High

Trump (@realDonaldTrump) April 20, 2018Bloomberg and Reuters reported last week that Trump requested that Organization of Petroleum Exporting Countries members, such as Saudi Arabia, increase their oil production. USA crude stocks fell more than expected last week, while gasoline and distillate inventories dropped , the Energy Information Administration said on Wednesday. [Full Article...]

Hackers access payment details of 5,900,000 Dixons Carphone customers

Hackers access payment details of 5,900,000 Dixons Carphone customers Video: Equifax teaches us what not to do after a data breach . According to a statement made by the company, the security breach was discovered during a recent review of the company's systems and data. However around 105,000 of the accessed cards were non-EU issued, and lacked chip-and-PIN, and it says those cards have been compromised. Baldock said the company had engaged cyber security exp... [Full Article...]

Coinbase to List Ethereum Classic in "the Coming Months"

Coinbase to List Ethereum Classic in This day started with a bang for Ethereum Classic and it reflected on the price as well - 25% up in a day. "We plan to offer support for Ethereum Classic in all geographies where the asset is compliant with local law". "#Binance Adds #ETC/BNB and $ETC/USDT Trading Pairs." Both the announcements have made wonders to the currency which was a result of the hard fork of the original Ethereum [ETH] ... [Full Article...]

Same-sex couple accuse Uber driver of kicking them out for kissing

Same-sex couple accuse Uber driver of kicking them out for kissing The couple had called the Uber to take them from Gowanus to the East Village, and it was just over the Manhattan Bridge when they say the incident began. He said they played loud videos on their phones and that one of the women put her feet up on the seats. "It's my own vehicle". Iovine told the Daily News they didn't behave inappropriately. [Full Article...]

Toyota Motor to invest US$1 billion in ride-hailing firm Grab

Toyota Motor to invest US$1 billion in ride-hailing firm Grab Toyota announced today that it has concluded an agreement with ride-sharing app company Grab to strengthen their existing partnership and expand collaboration in Southeast Asia to drive further advances in Mobility as a Service (MaaS). "Going forward, together with Grab, we will develop services that are more attractive, safe and secure for our customers in Southeast Asia", said Shigeki Tomoyama... [Full Article...]

Canada parliament condemns U.S. attack on Trudeau, country simmers

Canada parliament condemns U.S. attack on Trudeau, country simmers Appearing on " Fox News Sunday ", Navarro said: "There's a special place in hell for any foreign leader that engages in bad faith diplomacy with President Donald J. Without any resolution, Trudeau has promised to impose retaliatory tariffs on metals and a range of other USA products by Canada Day. For instance, Trump's steel and aluminum tariffs are expected to cause a drag on United States eco... [Full Article...]

Mercedes cars found to be fitted with defeat devices by authorities

Mercedes cars found to be fitted with defeat devices by authorities Daimler said last month it would appeal against an order by the KBA to recall the Mercedes van Vito 1.6l Diesel Euro 6 model, following a transport ministry investigation. Daimler, like other vehicle manufacturers, uses urea nitrate liquids to neutralize nitrogen oxide emissions in exhaust fumes. Daimler hasn't denied the existence of the functions, but have refuted the suggestion that t... [Full Article...]

Judge allows AT&T and Time Warner to merge

Judge allows AT&T and Time Warner to merge And that could be enough to rock the deal off its foundation, sources said, as the AT&T merger agreement expires on June 21 and Time Warner could ask for more money - or seek a different suitor, sources said. The loss is a black eye for the Justice Department. A loss for AT&T and Time Warner could have signaled a new era of government scrutiny over so-called "vertical mergers" and could have halte... [Full Article...]

Pompeo downplays feud between United States and G7 allies

He is urging USA officials to focus on unfair trade practices, like steel dumping by China. "The European Union had a $151 billion surplus - should pay much more for military!" "Germany pays 1 percent (slowly) of GDP towards North Atlantic Treaty Organisation, while we pay 4 percent of a much larger GDP". [Full Article...]

Tesla to cut staff by 9 percent in drive for profitability

Tesla to cut staff by 9 percent in drive for profitability At the time, Tesla had 33,000 employees, suggesting that Tesla's headcount is still on an upward trajectory overall. Last month, Tesla CEO Elon Musk announced a vague plan to "restructure" the company in order to achieve profitability during the second half of the year. [Full Article...]

Uber may try to outbid Lyft to buy Ford GoBike owner

Uber may try to outbid Lyft to buy Ford GoBike owner Uber confirmed that the company's next move is scooters, and San Francisco will be Uber's next market. Uber applied for the permit through Jump, an electric-bike sharing provider it acquired in April.Uber's CEO recently said he envisions his company going beyond auto sharing and into bikes, and possibly scooters, so people have more commuting options. [Full Article...]

'Built in India', Uber Lite is 'designed for the world'

'Built in India', Uber Lite is 'designed for the world' Uber is claiming a 300-millisecond response time on the application and is also claiming support for all Android phones. Uber has also confirmed that the Lite app will be able to work better in areas with bad or unstable network connectivity. [Full Article...]

Amazon, Foxconn face heat over China factory work conditions

Amazon, Foxconn face heat over China factory work conditions Hon Hai Precision Industry Co., better known as Foxconn Technology Group and one of the world's largest and most successful manufacturing companies, is a company not exactly short of a bob or two: In the last couple of years it has paid out billions of pounds to acquire Sharp and Belkin while also pledging to open a United States factory in Wisconsin. [Full Article...]

Domino's aims to make delivery easier by paving roads in local communities

Domino's aims to make delivery easier by paving roads in local communities Former Detroit Lion Nate Burleson can relate, but one popular pizza chain is geared up to fill in potholes to prevent your pizza from being ruined before you even walk through your door. The company has repaired potholes in cities across the country, including 40 potholes in Milford, Delaware. Their fixed potholes also carried a KFC logo in chalk that washed away after the first rainfall. [Full Article...]

North Korea summit can push nuclear disarmament process across globe

North Korea summit can push nuclear disarmament process across globe The president said he and Kim "got along from the beginning" and the North Korean leader realized that he must get rid of his nuclear weapons. "The most important, hard part of this security issue is for the United States and North Korea to sit down to find a way to resolution via equal talks", Wang said. [Full Article...]

Trump meets Kim in landmark Singapore summit

Trump meets Kim in landmark Singapore summit North Korea's leader Kim Jong Un shakes hands with US President Donald Trump at the start of their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore . But he said: "in the end, that doesn't matter". On top of that, CBS News correspondent Ed O'Keefe points out, Mr. Trump has invited Kim to the White House. [Full Article...]

Jack Dorsey, Twitter's CEO, blasted for patronizing Chick-fil-A

Jack Dorsey, Twitter's CEO, blasted for patronizing Chick-fil-A Dorsey's meal - and his subsequent regret - has now fueled a flurry of tweets defending the chain and its values. Coverage of Chick-fil-A's support of causes that oppose same-sex marriage - and some boycotts of the brand - began prior to this 2012 event, while founder Dan Cathy's headline-making statements that led to additional boycotts took place in June and July 2012 after this particular Lea... [Full Article...]


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