Saturday, 23 February 2019
Latest news
Home » Finance

Finance

Disney Reportedly Pulls YouTube Ads Over Child-Exploitation Controversy

perth_map

Over the past 48 hours, YouTube claims to have removed thousands of inappropriate comments from the videos and terminated over 400 channels who posted the comments. For example, those videos featured comments from child predators that share time stamps meant to sexualize a child featured in a video that, taken at face value, isn't deemed inappropriate content on its own. Read More »

Dublin Airport suspends flights after drone sighting

perth_map

MAJOR DISRUPTION: More than 100,000 passengers were affected (Pic: GETTY) INSIDE JOB? Sussex Police, the United Kingdom government and Gatwick Airport said that the severe disruption was caused by a "sustained" drone attack . The attacker hid the drone behind buildings where it could not be taken down by anti-drone equipment. The no-fly zone for drones around airports is to be extended following the disruption at Gatwick, the United Kingdom government has said. Read More »

'They were surprisingly calm' - Irish victor of €175m EuroMillions jackpot makes contact

perth_map

Someone in Ireland won the extraordinary €175m jackpot, making them the biggest lotto victor ever in Ireland and the ninth biggest Euromillions victor. One of the syndicate members realised their good fortune when she checked the winning ticket after last night's draw. National Lottery spokesperson Miriam Donohoe earlier described the latest win as 'truly life-changing'. Read More »

Southwest Airlines Forced to Declare an 'Operational Emergency'

perth_map

Van de Ven linked the chaos to the Aircraft Mechanics Fraternal Association , with which the carrier has been locked in negotiations over pay and benefits for years. The number of planes taken out of service has continued at more than twice the normal daily average of 20, Southwest said Tuesday, and there's "no common theme" among the reported mechanical issues . Read More »

Amazon didn't pay federal income tax in 2018

perth_map

Amazon shocked many people last week when it cancelled plans to set up a big new headquarters in New York City. "We are disappointed to have reached this conclusion". Just hours after Amazon's announcement, Virginia officials held a call with reporters and confirmed that the company's expansion plans in Arlington remain. Read More »

WTI Crude Oil and Natural Gas Forecast

perth_map

Oil was close to its 2019 high of nearly $67 a barrel on Tuesday, supported by OPEC-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand. This is a rise of 0.8 percent from their last settlement. Trade concerns appear to have re-emerged today following the likelihood of 25% tariffs on US imports of European Union cars, as per latest news, all ahead of the start of another round of US-China trade talks in Washington due later today. Read More »

Drunk woman kicked off Vegas flight after hitting and spitting at passengers

perth_map

When a JetBlue employee tried to stop her from entering the plane, she hit the employee over the head. Videos of the incident was captured by other passengers, one of which posted it to Twitter . Mother and baby are doing well, ABC News reported. "I'll take my f**king s**t", she adds while blowing kisses at the various cameras filming her. Read More »

Payless is closing all its 2,100 USA stores

perth_map

The company first filed for Chapter 11 bankruptcy in April 2017 and closed roughly 400 stores at that time. Payless ShoeSource is closing stores across the country as it prepares for it's second bankruptcy. But bankruptcies and store closures will continue through 2019 so there's "no light at the end of the tunnel", according to a report by Coresight Research. Read More »

Honda to close UK car plant with the loss of 3,500 jobs

perth_map

He also said a no-deal Brexit would hurt its competitiveness at the plant. Whatever the reason, the development will be highly unwelcome for those who rely on the plant for jobs and for those with high hopes for British manufacturing after the European Union departure. Read More »

Payless ShoeSource set to close 2,300 stores

perth_map

While the sources who spoke to Reuters indicate that there may still be time for the company to find a buyer, they also cautioned that it's an unlikely outcome. The latter sought court protection for a second time last month and is liquidating most of its business. "The majority said this would be awful", said Helm. Read More »

Payless ShoeSource Is Closing 2,300 Stores

perth_map

Liquidation sales could begin as soon as next week, according to Reuters . - All stores are expected to remain open at least through the end of March, and possibly until May. For now, stores will reportedly have going-out-of-business sales starting next week, with eventual plans to completely liquidate. Toys "R" Us and The Bon-Ton Stores are among the retailers that shut their stores in liquidations in the last 12 months. Read More »

Crude prices climb on US-China trade optimism, Opec cuts

perth_map

Brent crude futures were up 82 cents, or 1.3%, at $64.43 a barrel at roughly 2:25 p.m. ET, down from a session high of $64.81, the highest intraday level in almost three months. It also said it expected a drop of 2.5 million bpd in OPEC supply in the fourth quarter of 2019 compared to a year earlier. Faltering economic growth is also a concern, with signs of a slowdown now abundant in Europe, Asia and the United States. Read More »

China's trade surplus with U.S. narrows in January

perth_map

Copper has declined by 17% from its June 2018 high over worries of a slowdown in China and the impact of a trade war with the U.S., but the longer term prospects for the metal remain rosy. Chinese officials also balk at USA pressure to accept an enforcement mechanism to monitor whether Beijing carries out its promises. Another source familiar with China's position said it worries that the United States would use the verification mechanism to make additional demands on the technology ... Read More »

J.P. Morgan Is Launching Its Own Cryptocurrency

perth_map

CEO Jamie Dimon notably also declared bitcoin a " fraud " in 2017, adding, "It's worse than tulip bulbs". Furthermore, all clients who use JPM Coin will be required to undergo a KYC and AML process to ensure regulatory compliance. Read More »

Amazon won't build its HQ2 in NYC after all

perth_map

It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. Amazon has canceled plans to build part of its second headquarters in Long Island City, Queens , after the e-commerce giant faced fierce opposition from lawmakers and residents over the billions of dollars in government subsidies, the company announced this morning. Read More »

Amazon To Acquire Qualcomm-Backed Router Company

perth_map

Loop Capital's Anthony Chukumba said in a Tuesday note to clients that not only is the deal an indication of Amazon's commitment to smart home technology, it shows that the cash-rich company will back up that commitment with M&A activity. Read More »

Tesla update to include Dog Mode

perth_map

Today Tesla owners can comfortably leave their pet inside their vehicle while they park for short time. A parked auto without the windows down can rise more than 20 degrees Fahrenheit, in just ten minutes and in an hour the temperature inside your vehicle can be more than 40 degrees Fahrenheit higher than the outside temperature. Read More »

Airbus to stop making struggling A380 superjumbo in 2021

perth_map

Almost 15 years after the A380's maiden flight, the aircraft will be taken out of production, the company said in a statement on Thursday. Airbus built the A380 to compete with Boeing's 747, and expected airlines to embrace an even larger, longer-range plane that could fly between major hubs. Read More »

Lufthansa sues passenger, says he skipped a connecting flight on goal

perth_map

While that might seem like an innocent enough act, the German airline claims that the passenger was trying to leverage the "hidden city" ticket trick , a method experienced airline passengers employ to get cheaper fares. Checking in baggage is not advised, as cases are often transported straight through to the final destination. Though the practice could save a little money, it could be harmful to both the airlines and other passengers as well. Read More »

Oil rises after Saudi output pledge, declining USA inventories

perth_map

While US crude production is expected to grow by an amount that exceeds Venezuela's current output, the IEA warned that quantity is not the only important issue. Oil prices rose early on Wednesday, supported by a renewed commitment of OPEC and its de facto leader and biggest producer Saudi Arabia to cut deeper than pledged and do "whatever it takes" to rebalance the market. Read More »

The Tesla Model 3 was the best-selling electric auto in 2018

perth_map

A country of just more than 5 million people, Norway is nevertheless Tesla's third-biggest market thanks to generous incentives for low-emission vehicles and high taxes on regular cars. Elon Musk, the CEO from Tesla, received a tweet from a person owning a Tesla Model S, asking when will the cars get the Sentru mode. This year Tesla plans to add another model to its lineup, the Tesla Semi, which the head of Daimler's truck business notoriously mocked as going against the laws of physics. Read More »

Lottery Winner Wore 'Scream' Mask to Claim Prize

perth_map

The person in the mask was only identified as "A. Campbell " and claimed the $158,400,000 prize which amounts to nearly $1.2 million in U.S. dollars . He only did so after lottery officials urged the unknown victor to come forward before the strict 90-day deadline passed. Campbell said his life has been "a struggle" but hopes that will change with the winnings. Read More »

China trade talks resume this week in Beijing

perth_map

The US has said it will increase tariff rates on $200bn worth of Chinese imports from 10% to 25% if the two sides don't strike a deal by 1 March. "If we're close to a deal". But the two sides are only just starting the work of drafting a common document and are still tussling over how a deal may be enforced, which US officials have repeatedly called a crucial element. Read More »

Activision Blizzard set to layoff hundreds of employees

perth_map

Gilman Hill Asset Mngmt Ltd invested in 0.09% or 2,648 shs. Activision Blizzard stock opened at $40.11 on Monday. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Read More »

Lavalin: Federal minister Jody Wilson-Raybould resigns amid allegations

perth_map

Since Thursday, Wilson-Raybould has refused to comment on the allegations, citing solicitor-client privilege. In a letter published on her website, Wilson-Raybould thanked the residents of Vancouver-Graniville, while stating that her resignation as Minister of the Crown "in no way changes my commitment to seeing" her goal of "implementing a positive and progressive version of change on behalf of all Canadians". Read More »

United Kingdom signs Swiss trade deal as heat grows on Liam Fox

perth_map

Liam Fox's trade department has secretly admitted to some of Britain's biggest businesses that the 40 free trade deals the minister promised to have ready by Brexit day are "unlikely" to materialise. European Union leaders have turned down Mrs May's plea to renegotiate parts of the legally binding Brexit withdrawal bill, making the no-deal outcome more likely even though both sides believe it would harm their economies. Read More »

IHOP celebrates National Pizza Day with the 'Pancizza'

perth_map

Order online with the code "Medium 1" and receive a medium, one-topping pizza for just $1. Caulipower: Buy one Caulipower pizza, get a second one of equal or lesser value free with this coupon . Get two pepperoni pizzas for just $10 when you order online. Pizza lovers everywhere can rejoice for National Pizza Day! Pizza Hut : Any Large Pizza Hut pizza for $10.99. Read More »

Twitter Reveals How Many Daily Active Users It Has

perth_map

Looking ahead, Twitter expects total revenue for Q1 2019 to be between $715 million and $775 million. Twitter said the decline was partly due to its efforts to identify trolls and take down malicious accounts. So, starting this quarter, in addition to sharing the growth in mDAU as we have since 2016, we are disclosing the absolute number of average mDAU (previously referred to as DAU ), for both the United States and global markets. Read More »

Challenger bank CEO calls for Bank of England rate cut

perth_map

Brexit is causing the United Kingdom economy to weaken, it said, cutting its 2019 growth forecast to just 1.2%, the lowest since the financial crisis. In recent weeks, other major central banks have also sharply reversed policy in the face of rising growth risks, with pressure on businesses most notably stemming from a U.S. Read More »

Germany Punishing Facebook for Social Media Dominance

perth_map

If the ruling is upheld, Facebook will be required to allow users to specifically approve data collected from other Facebook-owned sources and third-party websites assigned to their accounts. Along the way, Facebook track which sites and apps its users visit; where they shop and what they like, among other data. Facebook released a blog post Thursday directly refuting the order, entitled " Why We Disagree With the Bundeskartellamt " (the name of the agency). Read More »

Amazon might be reconsidering its second headquarters in NY

perth_map

Amazon has not yet closed deals on NY property and thus still has the chance to back away from its initial plan if it wants to. Furthering Amazon's troubles is the recent nomination of one of its most outspoken critics, state Senator Michael Gianaris , to the Public Authorities Control Board. Read More »

Trump Mocks 'Jeff Bozo' Over Divorce

perth_map

In his tweet, Trump was referring to a story by the National Enquirer that reported on Bezos' interactions with his alleged mistress Lauren Sanchez . Trump wished Bezos "luck" on this divorce on Thursday, adding "It's going to be a beauty". The Post published a bombshell report over the weekend about Trump's meetings with Russian President Vladimir Putin. Read More »

BB&T and SunTrust agree to combine in US$66 billion merger

perth_map

RBC bankers advising BB&T on the deal, according to a bank spokeswoman, were Vinnie Badinehal, its head of financial institutions investment banking, Jason Braunstein, head of bank M&A, Eric Martinez and Sabrina Kureshy. BB&T moved its headquarters from Wilson to Winston-Salem in 1995, but the new company says it will still maintain a strong presence in the Triad. BB&T has always been based in Winston-Salem, N.C., while SunTrust is based in Atlanta . Read More »

Jaguar Land Rover posts £3.4bn loss as China demand slips

perth_map

Dr Ralf Speth, JLR chief executive, said: " Jaguar Land Rover reported strong third quarter sales in the United Kingdom and North America, but our overall performance continued to be impacted by challenging market conditions in China". The company said its commercial vehicle (CV) sales in the domestic market stood at 37,089 units in January, down 6 per cent from 39,386 units in the same month past year. Read More »

Trump Tipped to Ban Chinese Equipment from U.S. Mobile Networks

perth_map

In an interview last month, Andrus Ansip, European Commission vice president for digital affairs, said China's National Intelligence Law, passed in 2017, has increased the risk in dealing with Chinese companies in Europe. The government now has no own information on whether the Chinese company could be a security threat, Altmaier was quoted as saying, adding that the Federal Office for Information Security (BSI) had been activated. Read More »

Amazon’s Jeff Bezos accuses National Enquirer of ‘extortion and blackmail’

perth_map

De Becker proceeded to tell media that the leak was politically motivated, which, according to Bezos's blog post Thursday, concerned AMI. It's a long, rambling post, but the gist of it is that - possibly thanks to a deep political/media conspiracy - American Media , owners of the National Enquirer , have been threatening Bezos with the publication of his n00dz, which emerged as part of the sexting scandal which destroyed his marriage . Read More »

USA oil prices dip on rising crude inventories, record output

perth_map

U.S. West Texas Intermediate ( WTI ) crude futures were at $53.74 per barrel at 0153 GMT, up 8 cents from their last settlement. The month was Brent crude's best month since April 2016. Market participants have already been focused on signs of tightening global crude supply after the Organization of the Petroleum Exporting Countries (OPEC) and allies began an agreement in January to cut output. Read More »

Home and vehicle loans to be cheaper as RBI cuts rates

perth_map

The MPC also made a decision to change the monetary policy stance from calibrated tightening to neutral. This was the first meeting of the monetary policy committee (MPC) under Shaktikanta Das who took over as the RBI governor in December after the sudden exit of Urjit Patel over differences with the Modi government. Read More »

Oil dips on rising U.S. supply, but OPEC cuts lend support

perth_map

A flotilla loaded with about seven million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest US sanctions and others whose buyers are weighing whom to pay, according to traders, shippers and Refinitiv Eikon data. Read More »

US, China committed to reaching trade deal by deadline: Mnuchin

perth_map

A United Nations expert has warned that a USA plan to raise tariffs on Chinese goods next month would have "massive" implications for the global economy unless it is resolved. It also warned that the effects could be felt everywhere. She said the US tariff hike and a retaliatory move by China would trigger an economic downturn due to instability in commodities and financial markets, while company moves to adapt would put pressure on global growth. Read More »

Alphabet Earnings: Google Cost Per Click Declined 29% 02/05/2019

perth_map

Google doesn't report its cloud revenues, itself an indication that it continues to trail far behind market leader Amazon Web Services Inc. and Microsoft Corp. Earlier, they closed at $1,141.42 in regular NY trading. Twelve analysts surveyed by Zacks expected $31.28 billion. That beat analysts' average estimates of $7.69 billion, or $10.87 per share. Read More »

Canadian retailer Sunrise Records buys HMV stores

perth_map

The administrators will retain a further 122 employees at warehouse functions to assist them in winding down operations. Sunrise Records CEO Doug Putman said he was delighted to acquire "the most iconic music and entertainment business in the UK", and would aim to replicate his company's success in Canada. Read More »

President invites boy bullied for having the last name Trump to SOTU

perth_map

At 9 p.m. (0200 GMT Wednesday) before a joint session of Congress, Trump will likely stir contention with remarks on immigration policy, after his demand for $5.7 billion in wall funds triggered a historic 35-day partial government shutdown that more than half of Americans blamed him for, according to Reuters/Ipsos polling. Read More »

4,000 General Motors workers to be laid off starting Monday

perth_map

The layoffs are part of a restructuring effort pushed by GM that is said to eliminate upwards of 15 percent of the company's workforce (14,000 positions) to "accelerate its transformation for the future". But 2,700 USA workers will be offered jobs at other factories. The cuts come after GM's November announcement of dramatic restructuring. Another 1,500 contracted employees are said to have not been offered an extension or renewal on their contracts. Read More »