Finance

Papa John's reaches settlement with founder John Schnatter

Papa John's reaches settlement with founder John Schnatter After more than a year of chaos, Papa John's has reached a truce with its founder and former CEO John Schnatter . Embattled pizza chain Papa John's International Inc. "I care deeply about its employees, franchisees and investors and I'm thankful that I've been able to resolve these important issues", Schnatter said in a statement. [Full Article...]

Australia free trade deal finally signed - PM

Australia free trade deal finally signed - PM This is because compared to the ASEAN-Australia-New Zealand Free Trade Agreement, which covers only trade in goods and services, the IA-CEPA also provides preferential treatment for investment in various areas.The immediate benefits that will be felt immediately after the agreement is ratified by both countries will certainly be in the trade sector. [Full Article...]

Victor submits claim for $1.5 billion Mega Millions jackpot

Victor submits claim for $1.5 billion Mega Millions jackpot Lottery officials announced Monday that a SC resident has stepped forward to claim the prize but elected to remain anonymous . "We respect the winner's decision to remain anonymous, and we will honor the winner's wishes ". The winning ticket was purchased for the drawing on October 23, 2018. Winners have to claim the prize within a 180 days, putting the deadline at the end of April. [Full Article...]

One-Off Bugatti "La Voiture Noire" Is An $18-Million Masterpiece

One-Off Bugatti Every single panel on the vehicle is crafted from high gloss black carbon fibre, while there are new designs for the headlights and wheels, though the interior remains under wraps. Note also the two-tone tyres, visually stretching the design of the huge turbine-effect alloy wheels. Bugatti says the new "Voiture Noire" is a "reminiscence" of "la Voiture Noire" a Type 57 SC Atlantic that was Bugat... [Full Article...]

Tokyo Court Grants Bail To Former Nissan CEO Carlos Ghosn

Tokyo Court Grants Bail To Former Nissan CEO Carlos Ghosn The Tokyo district court set bail at 1bn yen ($9m) after a request last week by Ghosn's newly appointed legal team, Kyodo news agency reported. Ghosn is accused of underreporting his income by tens of millions of dollars and transferring personal investment losses to Nissan - allegations he has repeatedly denied. [Full Article...]

Lyft beats Uber to the public market as expected

Lyft beats Uber to the public market as expected But, like Uber (which lost $1.8B last year), Lyft is still wildly unprofitable with a net loss of $911m in 2018, up from $688m a year earlier. The document said Lyft had completed over one billion rides since its inception in 2012 and had bookings past year of $8.1 billion.Lyft's mission, according to the statement, revolves around reducing the number of cars on roads, and includes a path toward... [Full Article...]

Tesla's best Model X and Model S vehicles receive major price cuts

Tesla's best Model X and Model S vehicles receive major price cuts The company will wind down many of its stores over the next few months, Mr Musk said. The arrival of the Roadster sports auto in 2008 and Model S large sedan in 2012 helped change minds about electric vehicles. "We still believe that the franchised dealer model is by far the best way to sell, distribute and service new vehicles", National Automotive Dealers Association spokesman Jared Allen sa... [Full Article...]

Trump targets India and Turkey in trade crackdown

Trump targets India and Turkey in trade crackdown Turkey is not eligible to participate in the Generalized System of Preferences programme because it "is sufficiently economically developed", the US Treasury said in a news release. "India is a very high-tariff nation". "GSP is more symbolic of the strategic relationship not in value terms", the source told Reuters news agency, declining to be named ahead of a press briefing by the Indian trad... [Full Article...]

Southwest Airlines offers Hawaii flights for as low as $49

Southwest Airlines offers Hawaii flights for as low as $49 Last month, the airlines completed its first test flight to Honolulu International Airport with only crew aboard as part of Southwest's effort to prove to the agency it's ready to start offering service to the island. Expect the cheapest fares on Tuesdays and Wednesdays; fares for the peak summer travel season range from $189 to $214. With all the hype - flights are sure to sell out fast. [Full Article...]

USA says it's made 'progress' in trade talks with China

USA says it's made 'progress' in trade talks with China The Wall Street Journal reported Sunday that the two sides are in the final stages of negotiating a deal that would involve the lowering of Chinese tariffs on a range of USA goods if the Trump administration removes broad sanctions against Beijing. [Full Article...]

Jackpot winning Mega Millions ticket sold in NJ

Jackpot winning Mega Millions ticket sold in NJ In Michigan, winners have a year to claim their prizes. Since March 2 falls on a Saturday, the prize must be claimed by 4:45 p.m. on Monday, March 4. The victor must collect their prize at the Michigan Lottery Office in Lansing. The first two are worth $1 million apiece, while the California tickets is valued at $191,028. Meanwhile, in the state of NY, unclaimed lottery winnings for fiscal 2... [Full Article...]

Volvo to limit top speed of ALL of its vehicles from 2020…

Volvo to limit top speed of ALL of its vehicles from 2020… Its flagship XC90 sports utility vehicle has a top speed of 132mph. "We want to start a conversation about whether auto makers have the right or maybe even an obligation to install technology in cars that changes their drivers' behaviour", company president Håkan Samuelsson said in a press release. [Full Article...]

Seeking Brexit support, UK's May woos opposition lawmakers

Seeking Brexit support, UK's May woos opposition lawmakers Madrid considers the 30,000-strong territory a tax haven, where corporation tax is less than half of Spain's. A carnival float depicts British Prime Minister Theresa May and the Brexit prior to the traditional carnival parade in Duesseldorf, Germany, on Monday, March 4, 2019. [Full Article...]

Tesla Model Y SUV Unveil Coming March 14 with Pricing, Specs: Musk

Tesla Model Y SUV Unveil Coming March 14 with Pricing, Specs: Musk The Model Y will be the company's highly anticipated compact SUV. Musk also confirmed through his tweets that the SUV being similar to the Model 3 will cost about 10 percent more and will also pack in slightly lesser range considering that it uses the same battery as the Model 3. [Full Article...]

Yeast produce low-priced, high-quality cannabinoids

Yeast produce low-priced, high-quality cannabinoids But now that the cannabinoid-producing yeast has been created, it can be cultivated in the same way as ordinary brewers' yeast. With just the addition of sugar, the genetically modified yeast fermented to produce pure cannabinoid compounds including mind-altering THC and the non-psychoactive CBD , which is used medically to treat conditions including chronic pain and childhood epilepsy. [Full Article...]

Aston Martin's Valkyrie has 1160 hp and 664 lb-ft of Torque

Aston Martin's Valkyrie has 1160 hp and 664 lb-ft of Torque The engine can rev at a maximum of 11,100 rpm, a premiere for a naturally-aspirated road vehicle. In addition to the internal-combustion engine, a 160-horsepower hybrid system developed by Rimac will boost the power even more. With the first prototypes beginning to take shape, Aston Martin has finally seen fit to release full details of the Valyrie's all-new hybrid powertrain - and what a powe... [Full Article...]

China: MSCI weight increased - TDS

China: MSCI weight increased - TDS By the end of this year, the widely followed MSCI Emerging Markets Index could see its A-shares exposure increase from 0.7 percent to 3.3 percent. Such positive sentiment is a sure indication of the eagerness to embrace the China Opportunity, now available in a relatively new dimension that is the stock market. [Full Article...]

Seat el-Born concept unveiled

Seat el-Born concept unveiled But the arrival of a more focused SEAT , and a range of SUVs, has turned things around, and now SEAT's "Sporty" take on VW's cars is a bit of a shining star, evidenced by this - the SEAT el-Born electric Concept Hatch. He added that "we have to make customers fall in love with the idea" of an EV. The turbine design creates a positive flow of air that not only improves aerodynamics but also vent... [Full Article...]

Trump rips into Mueller probe at CPAC during lengthy speech

Trump rips into Mueller probe at CPAC during lengthy speech Video of the incident shows Williams and another man struggling before the man punches Williams in the face, knocking his hat off. In his speech, he also spoke out against the growing danger of socialism on the left, and claimed that freedom of speech and religious liberty are under attack by the Democrats. [Full Article...]

Crude Oil Tests 50-Period EMA, is it Likely to Reverse?

Crude Oil Tests 50-Period EMA, is it Likely to Reverse? Indicating mid-week volatility in the crude oil price , a PVM Oil Associates Strategist, Tamas Varga said , "Donald Trump tweeted and OPEC replied". OPEC and its allies continue to provide the most support with its production cuts of about 1.2 million barrels per day. Over the past four weeks, crude oil imports averaged about 6.7 million b/d, 10.9 percent less than the same four-week period ... [Full Article...]


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