Finance

Tesla Model S Gets Major Updates to Range, Charging, and Performance

Tesla Model S Gets Major Updates to Range, Charging, and Performance Today, we're making changes to Model S and Model X that allow them to travel unprecedented distances without needing to recharge, beating our own record for the longest-range production EVs on the road. All Model S and Model X will now come with an upgraded air suspension system that uses software intelligence to adapt to various driving and road conditions. [Full Article...]

Amazon cloud services take a big bite out of Apple’s budget

Amazon cloud services take a big bite out of Apple’s budget The monthly outlay, which is part of a multiyear agreement, makes Apple one of AWS' largest customers, according to the CNBC report , which cited unspecified people familiar with the arrangement. With Apple betting big on its Services business, it's quite obvious that it will need to use cloud services more than ever before. In January 2018, Apple announced plans to spend $10 billion on data ... [Full Article...]

Student accused of robbing Apple Stores sues for $1 billion

Student accused of robbing Apple Stores sues for $1 billion Ousmane Bah, a student living in NY, claims in the new lawsuit that he was falsely arrested and charged for the crimes after being mistakenly identified through Apple technology. A student is suing Apple Inc for $1bn (£0.77bn), claiming that its in-store AI led to his mistaken arrest. A spokeswoman for the New York Police Department said that the case there had been sealed and that she could not p... [Full Article...]

Prayer vigil for Sri Lanka to take place in Surrey Monday evening

Prayer vigil for Sri Lanka to take place in Surrey Monday evening The Sri Lankan government believes a local extremist group called the National Thowheeth Jamaath (NTJ) was behind the deadly suicide bomb attacks, government spokesman Rajitha Senaratne said on Monday. At least 207 people were killed and hundreds of others suffered injuries in a series of eight explosions in churches and high-end hotels in Sri Lanka . [Full Article...]

Banks can lend to pay Jet Airways salaries: AIBEA

Banks can lend to pay Jet Airways salaries: AIBEA A delegation of Jet Airways employees met Finance Minister Arun Jaitley on Saturday to seek an expedited bidding process to revive the struggling airline, PTI reported. Jet Airways owes almost Rs 11,261 crore to banks, which includes Rs 7,251 crore from domestic lenders and Rs 4,000 crore to its foreign lenders and unpaid interest amount of Rs 1,000 crore. [Full Article...]

Indian Central Bank sandbox keeps crypto companies away

Indian Central Bank sandbox keeps crypto companies away The RBI clarified that this framework includes "a well-defined space and duration where the financial sector regulator will provide the requisite regulatory guidance, so as to increase efficiency, manage risks and create new opportunities for consumers". [Full Article...]

Traffic at Stop & Shop Down 75 Percent During Strike, Report Finds

Traffic at Stop & Shop Down 75 Percent During Strike, Report Finds Stop & Shop was bought out by Dutch supermarket operator Ahold in 1995, which merged with Belgian grocery store conglomerate Delhaize in 2016 - becoming a new holding company called Ahold Delhaize . Local politicians have joined the picket line . Stop & Shop officials said that negotiations are continuing with the UFCW union locals, again with the support of federal mediators. [Full Article...]

Security tightened in southern states after terror attack in Sri Lanka

Security tightened in southern states after terror attack in Sri Lanka Security has also been stepped up in sensitive locations in major cities like Delhi, Mumbai, Chennai and Bengaluru, and Goa, which is a major tourist destination, as a precautionary measure. Police said they suspected that blast was a suicide attack. "Already 24 arrested. It's a massive undertaking with a support network I think that would demand global collaboration but we don't have a lot of... [Full Article...]

Former Nissan chairman Carlos Ghosn indicted on aggravated breach of trust charge

Former Nissan chairman Carlos Ghosn indicted on aggravated breach of trust charge Ghosn's French lawyer has denied the allegations. Japanese media speculated that prosecutors are nearing the end of their investigation, but Tokyo deputy-chief prosecutor Shin Kukimoto said Monday he could not comment on whether any fresh charges might be filed against Ghosn. [Full Article...]

Elizabeth Warren unveils $640 billion college debt forgiveness plan

Elizabeth Warren unveils $640 billion college debt forgiveness plan Warren's debt cancellation plan would "likely entail consumer-driven economic stimulus, improved credit scores, greater home-buying rates and housing stability, higher college completion rates, and greater business formation", according to researchers from Brandeis University, Arizona State University and the University of Tennessee at Knoxville. [Full Article...]

Unemployment rate in Ellis County, surrounding counties on the rise

Unemployment rate in Ellis County, surrounding counties on the rise Trego County unemployment rose from 3.7 percent to 4.1 percent, while the unemployment rate in Rooks County rose from 3.9 percent to 4.3 percent. The unemployment rate in Maryland ticked up to 3.8% in March from 3.7% the previous two months , but is still below the 4.1% the state posted a year ago. [Full Article...]

US ending sanction waivers for countries importing Iran oil

US ending sanction waivers for countries importing Iran oil US President Donald Trump has repeatedly told his national security team that he wants to exert "maximum economic pressure" on Iran by cutting off its oil exports and reducing its main revenue source to zero. "We will no longer grant any exemptions", Pompeo said. The sanction waivers will affect Japan, South Korea, Turkey, China and India. "The goal remains simply: To deprive the outlaw re... [Full Article...]

China's Huawei says first quarter sales up 39 per cent

China's Huawei says first quarter sales up 39 per cent In fact, the Chinese networking vendor said 2019 would be a "year of large-scale 5G deployment", with its carrier enterprise group expected to have "unprecedented opportunities for growth". Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip which it launched in January. The CIA's claims, if corroborated, do not necessarily show that Huawei is spying, bu... [Full Article...]

Tesla investigates video of parked Model S exploding in Shanghai

Tesla investigates video of parked Model S exploding in Shanghai It showed a parked Tesla S starting to emit smoke from its bonnet before exploding and bursting into flames, damaging surrounding cars. The footage, which circulated on Weibo on Sunday, shows a Tesla Model S in a Shanghai parking garage. [Full Article...]

USA cancels Iran oil waivers in bid to choke off Tehran’s exports

USA cancels Iran oil waivers in bid to choke off Tehran’s exports US President Donald Trump has repeatedly told his national security team that he wants to exert "maximum economic pressure" on Iran by cutting off its oil exports and reducing its main revenue source to zero. US officials now say they do not expect any significant reduction in the supply of oil given production increases by other countries, including the USA itself and Saudi Arabia. [Full Article...]

Canopy Growth To Buy Acreage Holdings For $300M (NYSE:CGC)(OTC:ACRGF)

Canopy Growth To Buy Acreage Holdings For $300M (NYSE:CGC)(OTC:ACRGF) Plus Acreage boasts a roster of high profile backers, like former House Speaker John Boehner and Bill Weld, the former Governor of MA and a Republican Presidential challenger to Trump, who Borchardt said have "got people there in D.C." who see where the industry is heading. [Full Article...]

Sears Sues Eddie Lampert, Claiming He Siphoned $2 Billion in Assets

Sears Sues Eddie Lampert, Claiming He Siphoned $2 Billion in Assets It also names for Treasury Secretary Steven Mnuchin, who prior to joining the Trump Administration sat on Sears' board. Sears Holdings Corp . has filed a blockbuster federal lawsuit that essentially claims former CEO Eddie Lampert drove the company into bankruptcy, by siphoning off the company's assets and preventing it from being able to pay off debts. [Full Article...]

Boeing says 'steady progress' made on 737 Max certification

Boeing says 'steady progress' made on 737 Max certification A group of technical experts appointed by the Federal Aviation Administration has said pilots should get more training about the anti-stall system on the Max, but that training does not need to be done in flight simulators - it could be done on computers or in classrooms. [Full Article...]

IPO mania: Zoom zooms, Pinterest pins down Wall Street

IPO mania: Zoom zooms, Pinterest pins down Wall Street Various stock markets are now beginning to see a variety of tech firms going public this year. Its shares have slumped nearly 20 per cent from the $72 offer price to around $58. Ali Mogharabi, an analyst at Morningstar Research, said Pinterest has opportunities to increase its share of the $500bn global digital advertising market. [Full Article...]

Mastercard payout could mean £300 for everyone

Mastercard payout could mean £300 for everyone The legal action against Mastercard states that prices of goods in shops were inflated between 1992 and 2008 because of excessive transaction fees charged by the card issuer. In 2017 Competition Appeal Tribunal rejected Mr Merrick's claim for damages and said it would not allow the case to go to trial. Mastercard continues to disagree fundamentally with the basis of the claim'. [Full Article...]


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