Finance

Apple Might Debut 3 New iPhones in 2019

Apple Might Debut 3 New iPhones in 2019 It's also been revealed that Apple has chose to stick to liquid-crystal display (LCD) at a time when sluggish sales of iPhone XR cut into its most recent revenue projection, a recent report said , citing people familiar with the matter. Reports for the company's problems with the iPhone XR continue to surface, fuelled by analysts decreasing shipment estimates for the smartphone. The XR has st... [Full Article...]

Shareholders sue Google for allegedly mishandling sexual harassment claims

Shareholders sue Google for allegedly mishandling sexual harassment claims Investors believe that the Board of Directors failed in their duties, approving bigger payouts and not specifying the details of the dismissal, the Agency said. The case, brought by the Northern California Pipe Trades Pension Plan and Teamsters Local 272 Labor Management Pension Fund, alleges that shareholders lost value because Google was paying off senior execs accused of sexual harassment. [Full Article...]

Saudi Arabia says vast oil reserves even bigger than thought

Saudi Arabia says vast oil reserves even bigger than thought The audit will dispel scepticism in the oil industry about the size of Saudi reserves and provide assurance for potential investors in Aramco investors, should the initial public offering which has been delayed eventually go ahead. He said that Aramco would also issue bonds in the second-quarter of the year and that company financial details would be published as part of that process. [Full Article...]

Government shutdown is affecting airport operations, slowing funding for CTA projects

Government shutdown is affecting airport operations, slowing funding for CTA projects Bilello said the TSA is working with stakeholders and industry partners to look at efforts to consolidate officers and operations. Chin said an increase in TSA employees not reporting to work would prompt the airport to close a security checkpoint at terminals that have multiple entry points, such as Concourse J or Concourse D. [Full Article...]

China pledges to buy 'substantial amount' of USA goods: USTR

China pledges to buy 'substantial amount' of USA goods: USTR Gao did not comment, however, on whether he was confident that the talks could be wrapped up in the 90-day period laid out by President Donald Trump and China's Xi Jinping . Earlier on Tuesday, China approved five genetically modified (GM) crops for import, a move seen as a "goodwill gesture" by some in the US agriculture industry that could boost China's overseas grains purchases and ease pres... [Full Article...]

Carlos Ghosn indicted on two new charges

Carlos Ghosn indicted on two new charges Prosecutors may come up with new allegations or charge him. Prosecutors said Friday that Ghosn's detention could last for another two months. "We are fearful and very anxious his recovery will be complicated while he continues to endure such harsh conditions and unfair treatment", she said. [Full Article...]

FDA inspections have stopped, thanks to government shutdown

FDA inspections have stopped, thanks to government shutdown Many USDA offices are closed during the shutdown but those inspections continue as usual , according to the agency's shutdown contingency plan . Gottlieb noted that of the 160 weekly domestic food inspections routinely conducted by the FDA, about one-third of those are considered high-risk facilities. [Full Article...]

Retailers slash iPhone prices after Apple sales warning

Retailers slash iPhone prices after Apple sales warning Mr Cook also acknowledged that consumers in other markets are not buying as numerous latest iPhones. In the case of the iPhone XS and XS Max sequel, this will mean jumping from two to three lenses. The iPhone 11 Max (the name is just a placeholder), the successor to the current 6.5-inch iPhone XS Max , will get an all-new triple-lens rear camera system. [Full Article...]

U.S. Dollar Rebounds After Falling for Fourth Straight Session

U.S. Dollar Rebounds After Falling for Fourth Straight Session On Friday, Powell told the American Economic Association that the Fed is not on a preset path of interest rate hikes and that it will be sensitive to the downside risks the markets are pricing in. Oil extended its recent rebound to trade back above $48 a barrel. Asian shares sped ahead on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S.jobs data soothed some of ... [Full Article...]

Fiat-Chrysler to pay more than $300 million in emissions cheating settlement

Fiat-Chrysler to pay more than $300 million in emissions cheating settlement FCA has agreed to pay almost $400 million in civil penalties, including $305 million to the EPA, the Department of Justice, and CARB; $6 million to Customs and Border Protection; and $72.5 million to various state attorneys general. But the deal does not include any admission of guilt or wrongdoing by the automaker. Bosch, an FCA supplier, will pay an additional $27.5 million. But Fiat Chrylser ... [Full Article...]

Union head to discuss fate of GM Oshawa plant

Union head to discuss fate of GM Oshawa plant The sit-down lasted about five hours. The union has emphasized the wider economic impacts of the shutdown and released a study Wednesday putting some hard numbers to the claims. Workers also staged a protest on the Tuesday afternoon shift, then walked off the job, after they got word that GM had not accepted the union's proposals to save the factory during a meeting with labor leaders. [Full Article...]

Fed chair Jerome Powell to speak on market concerns Thursday

Fed chair Jerome Powell to speak on market concerns Thursday James Bullard, president of the St Louis Federal Reserve Bank, one of 12 in the Fed system and a voting member of the policy committee this year, called the current interest rate "a good level", in an interview with the Wall Street Journal. [Full Article...]

Samsung announces Q4 2018 earning guidance, operating profit down 29%

Samsung announces Q4 2018 earning guidance, operating profit down 29% But analyst Kim Sun-woo of Meritz Securities said worsening supply and demand conditions for semiconductors and the structural challenges facing Samsung's smartphone business will drag down the firm's profits throughout 2019. Despite being the world's largest smartphone manufacturer, Samsung's sales are close to negligible in China. Despite the slumping fourth-quarter earnings, the South Korea... [Full Article...]

China says U.S. trade talks 'laid foundation' to resolve concerns

China says U.S. trade talks 'laid foundation' to resolve concerns It appears trade talks between the US and China are going well as reports suggest the two sides are getting closer on settling their differences. US and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were " going very well! ". [Full Article...]

Rare penny found in 1947 could be worth more than $1 million

Rare penny found in 1947 could be worth more than $1 million The young coin collector chose to keep the cent in his collection for more than 70 years, until he died in September. Don Lutes Jr, a 16-year-old coin collector from Pittsfield, Massachusetts, found one of the copper pennies in the change he received after buying lunch at a school cafeteria in March 1947. [Full Article...]

U.S. and China wrap up trade talks in Beijing. What happens next?

U.S. and China wrap up trade talks in Beijing. What happens next? A member of the USA delegation said the two sides would resume talks on Wednesday as they continue their first face-to-face meetings since Trump and Chinese President Xi Jinping agreed to a tariff truce during a meeting in Argentina on December 1. [Full Article...]

IRS Will Send Out Tax Refunds Despite Government Shutdown, White House Says

IRS Will Send Out Tax Refunds Despite Government Shutdown, White House Says As Vox reported last week, the IRS plan was to furlough all but about 10,000 of its workers, (keeping just 12.5 percent of employees working) thus making processing tax refunds hard, if not impossible. And because IRS employees are still working to implement the Tax Cuts and Jobs Act of 2017 - a sweeping tax reform bill spearheaded by congressional Republicans and the Trump administration - qu... [Full Article...]

Chinese premier meets with Tesla's Musk as trade talks end

Chinese premier meets with Tesla's Musk as trade talks end Chinese exports to the USA have held up despite tariff increases of up to 25 percent on $250 billion of Chinese imports, partly due to exporters rushing to fill orders before more increases hit. Among many things, the Communist leader pledged to buy more USA agricultural and industrial products, allow increased access to Chinese markets, and abide by more cybersecurity and property theft rules. [Full Article...]

OPEC oil production drops in December to a 6-month low

OPEC oil production drops in December to a 6-month low There's a " very good chance " the United States gets a reasonable deal with China , Commerce Secretary Wilbur Ross told CNBC on Monday, as trade negotiations began in Beijing. Investor confidence grew as trade talks showed signs of progress. Specifically, net-long positions in Brent (the difference between bets on a price increase and wagers on a drop) fell by 6.1 percent in the week ended J... [Full Article...]

Chinese newspaper warns US not to push too hard on trade

Chinese newspaper warns US not to push too hard on trade Chinese officials spoke to their U.S. counterparts as they arrived in Beijing for talks aimed at deescalating an ongoing trade war. Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal. [Full Article...]


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