Finance

Unifor, GM to make an announcement about operations in Oshawa, Ont.

Unifor, GM to make an announcement about operations in Oshawa, Ont. A statement from the union's Local 222 said the announcement will concern "operations in Oshawa". The factory, located about 60 kilometers (40 miles) east of Toronto, now builds the Chevrolet Impala and Cadillac XTS cars, both of which are being discontinued. [Full Article...]

GM in talks to sell shuttered Lordstown factory to Workhorse EV startup

GM in talks to sell shuttered Lordstown factory to Workhorse EV startup Husted said they would be aggressive to make sure that they play their role to smooth the path for this new company and for the jobs it has the potential to create. The No. 1 US automaker also said it would invest $700 million in three other plants in OH - a state important to Trump's re-election chances in 2020 - and maintain some operations at a Canadian factory that had been slated to close b... [Full Article...]

Apple Releases Its Second iPhone Game Ever, Featuring Warren Buffett

Apple Releases Its Second iPhone Game Ever, Featuring Warren Buffett MacRumors notes that Apple released the game as part of an on-stage gag at Berkshire Hathaway's annual meeting , where Apple CEO Tim Cook made a surprise appearance . He also said the battle would not affect how Omaha, Nebraska-based Berkshire operates. Trump on Monday tweeted that the U.S. has for many years lost $600 billion to $800 billion annually on trade, and "with China we lose 500 B... [Full Article...]

Tencent's New 'PUBG' Lookalike Is a Peace Offering to China's Game Regulators

Tencent's New 'PUBG' Lookalike Is a Peace Offering to China's Game Regulators Changes include the absence of gore and blood in Game for Peace , and characters sit up and wave goodbye when they're killed. Around 70 million people reportedly played PUBG Mobile in China every day. IHS Markit game analyst Cui Chenyu told Reuters that the title is "almost exactly the same" as PUBG , though it's said to lack more gory elements in line with government regulations. [Full Article...]

Binance hacked, $41m worth of bitcoin stolen

Binance hacked, $41m worth of bitcoin stolen This transaction targeted the BTC hot wallet only. "This fund will be stored in a separate cold wallet". When the time came today, the hackers initiated a mass withdrawal from these accounts, generating a massive 7,074 BTC transaction from Binance's main "hot wallet" to several smaller accounts. [Full Article...]

Why Uber Drivers Will Strike Around The World On Thursday

Why Uber Drivers Will Strike Around The World On Thursday In general though, workers are protesting blockbuster paydays for high-level executives while driver pay continues to get slashed. Lyft Inc on Tuesday forecast that 2019 would be the peak year for losses after the ride service company lost $1.1 billion in its first quarter, just days ahead of rival Uber's IPO . [Full Article...]

Uber, Lyft drivers to strike and rally ahead of Uber's IPO

Uber, Lyft drivers to strike and rally ahead of Uber's IPO Average hourly pay for drivers, the analysis found, hovers around $9.21 after Lyft and Uber take their cuts (20% and 25%, respectively) and drivers pay for maintenance and gas. "Whether it's more consistent earnings, stronger insurance protections or fully-funded four-year degrees for drivers or their families, we'll continue working to improve the experience for and with drivers", the per... [Full Article...]

China confirms vice-premier Liu He will visit United States for trade talks

China confirms vice-premier Liu He will visit United States for trade talks China's top trade negotiator Liu He will visit the US this week for a new round of high-wire talks, in a sign Beijing is battling to keep negotiations on track after President Donald Trump ratcheted up pressure with plans to raise tariffs on Chinese goods Friday. [Full Article...]

Officials warn consumers: Don’t call back ‘One ring’ robocalls

Officials warn consumers: Don’t call back ‘One ring’ robocalls Usually, a robocaller will call and hang up after one or two rings. "They may call repeatedly, hoping the consumer calls back and runs up a toll that is largely paid to the scammer". Dr. Lovaas continued, "Think about it this way, it doesn't cost much to do it so if you can get 10 people answering that call, it's worth it for them". [Full Article...]

Google IO 2019 livestream

Google IO 2019 livestream According to the latest rumours, Pixel 3a will boast numerous same features already offered on Pixel 3 and Pixel 3 XL albeit with a slightly more affordable price tag. Last month 9to5Google issued a report , citing a "reliable source" familiar with Google's plans, claiming the firm aims to rebrand its Google Home Hub to the Google Nest Hub. [Full Article...]

European Deal Signatories Criticize US Move On Iran Nuclear, Oil Sanctions

European Deal Signatories Criticize US Move On Iran Nuclear, Oil Sanctions The deputy oil minister declined to provide recent oil sales figures for Iran but noted that Tehran would aggressively market its primary export, despite USA sanctions. The nuclear deal was meant to prevent Tehran from building nuclear weapons in return for sanctions relief. The other signatories - Germany, France, Britain, Russia and China - remain committed to it. [Full Article...]

China Considers Canceling Trade Talks With U.S., WSJ Says

Geng declined to give further details when asked who might go or whether the talks would start Wednesday as scheduled. China's commerce ministry did not immediately respond to a request for comment. "Sorry, we're not going to be doing that anymore!" he tweeted early Monday. The future for the Dow Jones Industrial Average lost 1.5 percent while Tokyo's Nikkei 225 retreated 0.2 percent. [Full Article...]

Discounts, freebies offered during National Nurses Week

Discounts, freebies offered during National Nurses Week Thank you cards and notes will be provided for anyone wishing to express gratitude for nurses in the community or a specific nurse who has made a positive difference in their life. One of the steps is to recognise the qualifications the nursing technicians have acquired, he added. If you know of more offers for nurses this week, let me know! Visit the American Nurses Association website fo... [Full Article...]

Trump announces higher USA tariffs on China goods starting Friday

Trump announces higher USA tariffs on China goods starting Friday The move comes after Trump ramped up pressure on China to finalise a trade deal during upcoming talks by threatening to more than double tariffs on US$200 billion of the Asian nation's sales to the world's largest economy, and impose new import taxes . [Full Article...]

U.S. to Impose Higher Tariffs on Chinese Exports

Mr Trump on Sunday warned he would lift tariffs on $US200 billion ($287 billion) worth of Chinese goods from 10 per cent to 25 per cent by Friday, reactivating a threat he delayed indefinitely months ago. stock market futures fell close to 2 %. Philip Levy, senior fellow at the Chicago Council on Global Affairs and a White House economist under President George W. [Full Article...]

Sinclair reaches reported $10-billion deal to buy Disney's sports networks

Sinclair reaches reported $10-billion deal to buy Disney's sports networks Sinclair had been thought to be the front-runner in the sale, bidding against Liberty Media and Major League Baseball, among others, since it was part of a group that recently acquired the YES Network, the crown jewel of the regional nets, in a separate deal worth $3.5 billion that also included Amazon. [Full Article...]

ECONOMY SURGES: April Jobs 263K+, Unemployment AT 3.6%, Lowest Since DEC 1969

ECONOMY SURGES: April Jobs 263K+, Unemployment AT 3.6%, Lowest Since DEC 1969 CNBC studied the net changes by industry for April jobs based on the data from the Labor Department contained in the jobs report released Friday. The U.S. economy added more than 500,000 jobs the two months prior to February . Statistica released a very helpful graph plotting the unemployment rate over the past ten years. [Full Article...]

WashPost: Facebook May Strike Privacy Deal With FTC

WashPost: Facebook May Strike Privacy Deal With FTC Facebook CEO Mark Zuckerberg would take on the role of "designated compliance officer" - making him personally accountable and responsible for carrying out the company's privacy policies, according to Politico . If the company suffered future privacy mishaps, Facebook would have to report them more swiftly to the agency, much as the tech industry already must do under tough privacy laws impl... [Full Article...]

Work stoppage planned ahead of Uber IPO

Work stoppage planned ahead of Uber IPO They will be joining drivers in London, Los Angeles and other cities who will also be on strike. But taxi drivers aren't the only ones facing significant pay cuts as ride-share drivers are protesting being underpaid while Uber and Lyft executives walk away with millions. [Full Article...]

Fiat Chrysler's stock jumps in active trade after earnings report

Fiat Chrysler's stock jumps in active trade after earnings report The city of Detroit said on Friday it agreed to pay $107.6 million for almost 215 acres of land needed to construct a new $1.6 billion Fiat Chrysler Automobiles assembly plant. "I don't want to get in details but I honestly believe that the next two three years are going to yield very significant opportunities in this area", Manley said. [Full Article...]


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