Finance

Victoria's Secret owner plans store closures in U.S., Canada

Victoria's Secret owner plans store closures in U.S., Canada Additionally, the 2018 Victoria's Secret Fashion Show had the smallest audience since becoming a holiday-season TV event in 2001, with just 3.27 million viewers, the Nielsen company said. The company operates 2,943 company-owned specialty stores in the United States, Canada, the United Kingdom and China, and its brands are also sold in more than 650 franchised locations worldwide. [Full Article...]

Powell's Testimony Continues: Inflation Target, Balance Sheet Reduction, Household Debt Concerns

Powell's Testimony Continues: Inflation Target, Balance Sheet Reduction, Household Debt Concerns Amid signs of a global slowdown, the Fed chair said the US financial system is "so much more resilient and stronger than before the financial crisis", dampening concern that the USA will face another recession like 2008. Wall Street closed slightly lower. Nevertheless, the Fed chief cautioned about "some crosscurrents and conflicting signals" seen over the past few months. [Full Article...]

Trump extends China tariff deadline after 'substantial' progress

Trump extends China tariff deadline after 'substantial' progress The negotiations appear to be edging towards a comprehensive trade deal that would include six memorandums of understanding that touch upon forced technology transfers, cyber theft, intellectual property rights, services, currency, agriculture, and non-tariff barriers to trade. [Full Article...]

United Nations to vote on dueling US, Russia drafts on Venezuela

United Nations to vote on dueling US, Russia drafts on Venezuela Ambassador Vassily Nebenzia said. FILE - Venezuelan opposition leader Juan Guaido, whom many nations have recognized as the country's rightful interim ruler, stands on a truck carrying humanitarian aid for Venezuela, in Cucuta, Colombia, Feb. [Full Article...]

Buffett says wealthy Americans are 'definitely undertaxed'

Buffett says wealthy Americans are 'definitely undertaxed' But Buffett said state regulators will have to sign off on the deal before it can go forward. Buffett said on CNBC that $10,000 invested in an S&P 500 index fund back in 1942 would be worth $51 million today. Do not be concerned about volatile stock prices is what Buffett had to say "Charlie and I have no idea as to how stocks will behave next week or next year". [Full Article...]

Tesla Bull Fed Up at Musk’s Tweets, Says Costing Investors Money

Tesla Bull Fed Up at Musk’s Tweets, Says Costing Investors Money The SEC on Monday asked the court to crack down on Musk following inaccurate statements about Tesla's electric auto production on Twitter that were not pre-approved, a stipulation of a United States settlement approved by Nathan in October. [Full Article...]

Next Porsche Macan will be electric

Next Porsche Macan will be electric By 2025, Porsche has said, it plans to have some sort of electric drive in half of all its new models. Further, Porsche revealed that the electric Macan will use Porsche's 800-volt architecture from the Taycan , Porsche's first fully electric vehicle, allowing this model to potentially charge quicker, perform better, and save weight versus rival 400-volt systems. [Full Article...]

‘Truly Remarkable’: Detroit Scores First Major Auto Plant In Nearly A Generation

‘Truly Remarkable’: Detroit Scores First Major Auto Plant In Nearly A Generation Fiat Chrysler Automobiles will invest $4.5 billion into building a new assembly plant in Detroit and expanding and improving five of its existing MI plants. Detroit Mayor Mike Duggan, Governor Gretchen Whitmer and Wayne County Executive Warren Evans have called a press conference today at noon to talk about a historic job announcement for Detroit . [Full Article...]

Relief and dread over China tariff hike delay

Relief and dread over China tariff hike delay Kersting said. The American Chamber of Commerce in China also said that over the past year substantially more of its members want the US government to push Beijing harder to create a level playing field for USA businesses. "People don't like tariffs, and that's truly understandable". Investors also are watching February manufacturing indicators due out this week for signs of further deceleration... [Full Article...]

Good Samaritan spends $540 to buy a freezing Girl Scout troop's cookies

Good Samaritan spends $540 to buy a freezing Girl Scout troop's cookies Then he came back to the table. #troop1574 #kindheart #thatgreenville #greenvillesc,"The Girl Scout cookie sale manager, Kayla Dillard , wrote in a Facebook post on Friday". "What an wonderful soul", Dillard wrote. "I'm taking them all so y'all can get out of this cold" $540 he spent on cookies. "We stood there in shock for a little while". [Full Article...]

Peugeot Group to launch Citroen brand in India with locally produced cars

Peugeot Group to launch Citroen brand in India with locally produced cars Now, however, we have official confirmation from the company's CEO Carlos Tavares, stating it will be the Peugeot brand that will spearhead the French group's comeback, entering a market it once exited 28 years ago, as reported by Autonews Europe . [Full Article...]

Adani wins bids to operate 5 AAI airports

Adani wins bids to operate 5 AAI airports The bids are based on the highest monthly fee per domestic passenger the airport operator has to share with the AAI and not based on revenue share. The official said the bids put by Adani group were "very aggressive" as compared to other bidders. [Full Article...]

British Airways wild ride over Gibraltar

British Airways wild ride over Gibraltar British Airways said in a statement that the flight had been diverted to nearby Malaga airport as a precaution due to strong winds in the Gibraltar area. However, the pilots diverted to Malaga, Spain . This is the terrifying moment a British Airways passenger started "saying his last prayers" after the flight he was travelling on was seen tossing and turning from side-to-side in the air. [Full Article...]

Amtrak Train Carrying 183 Passengers Stranded in Oregon Since Sunday

Amtrak Train Carrying 183 Passengers Stranded in Oregon Since Sunday Amtrak Coast Starlight Train 11, which operates a daily service from Seattle to Los Angeles, hasn't moved from its position outside Oakridge, roughly 150 miles south of Portland, since approximately 6:18 p.m. Union Pacific is helping Amtrak try to clear a path for the train. "Ladies who have never met before were dancing in aisles", another passenger, Rebekah Dodson, told CNN . [Full Article...]

Oil sinks after Trump tells OPEC prices are too high

Oil sinks after Trump tells OPEC prices are too high EST (1854 GMT) and US crude fell $1.76 to $55.50 a barrel, also a 3.1 percent loss. OPEC, please relax and take it easy. "The world can not take a price hike - fragile!" "If you look at oil prices they've come down very substantially over the last couple of months", Trump said in November as quoted CNBC. [Full Article...]

SEC seeks contempt charges against Tesla CEO Elon Musk

SEC seeks contempt charges against Tesla CEO Elon Musk The company expects full-year 2019 output to be around 400,000 units. Tesla CEO Elon Musk's tweeting habits have triggered another legal challenge from stock market regulators anxious about him using his Twitter account to mislead investors. [Full Article...]

Storage on smartphones set to soar with new 1TB microSD cards

Storage on smartphones set to soar with new 1TB microSD cards These tiny storage cards can hold up to 500 hours of HD movies, tens of thousands of high-quality photos, and up to 200,000 songs. Moreover, the card supports the A2 specification for storing and running Android apps with no speed issues. [Full Article...]

Strong to damaging winds expected Monday

Strong to damaging winds expected Monday The National Weather Service issued a wind advisory for the northern Piedmont and the northern Coastal Plain, saying the wind would blow from the west to northwest at 15 mph to 25 mph throughout the day, with gusts of 35 mph to 45 mph. [Full Article...]

NEB gives conditional OK to Trans Mountain expansion

NEB gives conditional OK to Trans Mountain expansion Consultation with indigenous groups is well under way and the government is in a "strong position" to decide within that time frame, but has made no decision, Natural Resources Minister Amarjeet Sohi said in an interview. The Canadian government bought Trans Mountain for C$4.4 billion ($3.5 billion) past year - paying what the country's budget watchdog called "sticker price", or at the high end of... [Full Article...]

BMW, Daimler Launching New Ride-Sharing Service, Other Mobility Ventures

BMW, Daimler Launching New Ride-Sharing Service, Other Mobility Ventures Harald Krüger, management board chairman at BMW AG, added: "We are creating a leading global game changer". Local transport tickets can be purchased as well as auto sharing, ride-hailing or rental bikes. Innovative parking solutions, allowing users to reserve and manage their parking times, enabling ticketless entry and exit and cashless payment. The Boston Consulting Group, for example, has est... [Full Article...]


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