Finance

FedEx Express Drops Amazon, Focuses On 'Broader E-Commerce Market'

FedEx Express Drops Amazon, Focuses On 'Broader E-Commerce Market' Amazon accounted for less than 1.3% of FedEx's revenue a year ago, the company said in its statement. However, the decision did not really come as a surprise to Amazon, the report said. "We are excited about the future of e-commerce and our role as a leader in it", it said. Amazon has been testing a new online service that matches truck drivers with shippers since past year. [Full Article...]

Mexico scrambles to slow migrants as Trump tariffs loom

Mexico scrambles to slow migrants as Trump tariffs loom The Mexican side, for its part, agreed to bolster security on its southern border and expand its policy of taking back Central American migrants as the U.S. The peso, which had been pummeled in recent months on fears over a trade war, on Friday strengthened 0.5% after Trump tweeted that there was a "good chance" a deal would be reached with Mexico. [Full Article...]

Analysts’ Research Causes Of The Meat Shares Increase 36%

Analysts’ Research Causes Of The Meat Shares Increase 36% But Brown is not cowed by rivals, he said. Shares of Beyond sank as much as 7% Monday on the news that Nestle, a major competitor, would release its own veggie burger in the U.S. Morgan analyst Ken Goldman said. Brown said the company is in the testing phase with several fast-food chains, but he wouldn't say which ones. What's more, food giants like Tyson Foods Inc. [Full Article...]

Skyscraper with infinity pool to launch in London

Skyscraper with infinity pool to launch in London Interestingly, unlike traditional architectural designs, Compass Pool's designer and technical director said the project was conceived entirely around the pool, rather than the building supporting it. The pool will also be fitted with a bunch of lights to give the building's top a "sparkling jewel-topped" look at night. With its upper levels occupied by a five-star worldwide hotel, Infinity... [Full Article...]

Barnes & Noble buyout: Barnes & Noble sold to hedge fund Elliott Management

Barnes & Noble buyout: Barnes & Noble sold to hedge fund Elliott Management Signage for a Barnes & Noble bookstore is displayed on the side of the store, January 10, 2019 in the Brooklyn borough of New York City. The bookseller is being bought by Elliott Management's affiliate, Elliott Advisors (UK) Ltd. The deal is valued at around $683 million, including the assumption of debt, according to the Wall Street Journal . Along the way, it's weathered self-inflicted wo... [Full Article...]

United States job increases lower than expected in May

United States job increases lower than expected in May This week was all about the Federal Reserve and the U.S. economy , whichprovided markets with a much-needed break from outright fretting about the ongoing trade war - even though nothing has been resolved on trade, and those risks still persist. [Full Article...]

Uber Copter Is Launching Next Month

Uber Copter Is Launching Next Month Uber Copter's helicopter service will be operated by Newark-based HeliFlite . "We've built Uber Copter to provide us with insight and real-world experience as we continue to lay the foundation for Uber Air", Eric Allison, head of Uber Elevate , said in an emailed statement. [Full Article...]

Frozen Berries Recalled Over Hepatitis A Virus Contamination: FDA

Frozen Berries Recalled Over Hepatitis A Virus Contamination: FDA At the time of the recall alert, both the FDA and CDC had not received notices of any confirmed hepatitis A illnesses in connection with the implicated frozen berries. "Hepatitis A virus can result in a liver infection that may be inapparent". All 3 of these products are available at Fred Meyer grocery stores in Bellingham according to the company's online shopping service. [Full Article...]

RBA’s Lowe Says ‘Not Unreasonable’ to Expect Another Rate Cut

RBA’s Lowe Says ‘Not Unreasonable’ to Expect Another Rate Cut The governor broke with his usual practice of not insisting Australia's major banks pass the rate cut through in full, citing their lower funding costs and fall in retail deposit rates to argue there was no excuse for holding back. "It will assist with faster progress in reducing unemployment and achieve more assured progress towards the inflation target", he added. In contrast, Athena, RACQ and... [Full Article...]

US Commerce Department offers solution for obtaining minerals critical to the military

US Commerce Department offers solution for obtaining minerals critical to the military The DLA, which buys, stores and ships much of the Pentagon's supplies - ranging from minerals to airplane parts to zippers for uniforms - has also held talks with Burundi's Rainbow Rare Earths Ltd about future supply, as well as offered to introduce the several U.S. [Full Article...]

Here's what we know so far about the secretive Facebook coin

Here's what we know so far about the secretive Facebook coin Reportedly , Facebook is looking for third-party organizations to host nodes for their stablecoin's network. Facebook has yet to provide details about its planned token, but sources have indicated that the company plans to integrate it as a payment option on its Messenger, WhatsApp , and Instagram apps. [Full Article...]

European Central Bank pushes back rate hike again as outlook darkens

European Central Bank pushes back rate hike again as outlook darkens Treasuries, indicating that investors anticipate rate cuts soon", said KBC rates strategist Mathias van der Jeugt. Therefore, the central bank may not be raising rates in 2020. Observers have pointed to trade disputes between Washington and key partners like China, Mexico and Europe as one reason for sluggish gross domestic product growth and inflation. [Full Article...]

Trump to drop Mexico tariff as deal reached on migrants

Trump to drop Mexico tariff as deal reached on migrants An analysis published by the Brookings Institution last week said that the tariff would have proven costly, both for Mexico and the United States. He said he was satisfied with the deal. Mr Lamy said it was understandable that Mexico had sought to extricate itself from the tariff bind, but noted it ran the risk of facing more threats from Mr Trump in future. [Full Article...]

Ford to shut UK engine plant by September 2020

Ford to shut UK engine plant by September 2020 Claire Shortland, 47, a supervisor who had worked for the company for 27 years, said: "I was at Southampton when they shut there, and it's a bit of a "p*ss off" that we found out from the press". The company is believed to have pointed at Bridgend's coast disadvantage in comparison with other sites. "They could do so because the fact remains that it is cheaper, easier and quicker to sack our wor... [Full Article...]

Mega Millions jackpot is on the rise for a reason

Mega Millions jackpot is on the rise for a reason This is the first jackpot in the game to exceed the $500 million mark since last year's record-setting $1.5 billion jackpot that was won in October. Winners must match all five numbers plus the Mega Ball to take home the big prize. "We had a great victor of the Powerball jackpot on Saturday". Somebody in California just added half a billion dollars to their bank account. The winning ticket... [Full Article...]

Oil sinks into bear market as USA storage jumps most since 1990

Oil sinks into bear market as USA storage jumps most since 1990 U.S. West Texas Intermediate crude fell to a session low of $50.66 after the report, the lowest level since January 15. Oil prices rose more than 1 per cent on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts. [Full Article...]

Toyota and Subaru develop new electric platform

Toyota and Subaru develop new electric platform Toyota is looking to partnerships with rival automakers and tech firms to reduce its capital outlay for developing these new technologies. Starting with responses to the new CASE domains of vehicle connectivity, autonomous or assisted driving, new mobility or car-sharing, and electrified powertrains and components, both Subaru and Toyota are required to conduct technological development with ... [Full Article...]

China Finally Lights Its 5G Fire

China Finally Lights Its 5G Fire China's Minister of Industry and Information Technology Miao Wei said in a statement that "China welcomes foreign companies to actively participate in the construction of China's 5G market and share the benefits generated in the market". Lawmakers in Washington have also called to bar Huawei from building out the domestic 5G networks for USA carriers, citing national security concerns. [Full Article...]

Global oil prices to swing amid trade tensions, changing US, OPEC supplies

Global oil prices to swing amid trade tensions, changing US, OPEC supplies Oil remained bearish on Thursday morning in Asia as the USA reported record inventories, while demand continues to be threatened by economic slowdown and trade disputes . The inventory builds were said to be caused by USA crude imports rising last week by 1. 1 million barrels per day (bpd), while crude production added another 100,000 bpd to a new peak at 12.4 million bpd. [Full Article...]

'Good chance' now for tariff deal with Mexico

'Good chance' now for tariff deal with Mexico The first annual U.S. -Mexico Anti-Transnational Criminal Organization and Border Violence Prevention Initiative was launched Tuesday. However, Short said the notification could be halted or scrapped altogether if there was a breakthrough in negotiations. [Full Article...]


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