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Service restored at terminal where ferry hit dock: BC Ferries

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BC Ferries is dubbing it a "mechanical issue", which occurred after the Queen of Surrey missed it's intended berth and ended up crashing into the dock around 8:10 a.m. Brittny Adams told Coast Reporter they heard about the incident while on the Earls Cove ferry earlier, but chose to wait it out at Langdale. BC Ferries said Wednesday morning that it was still waiting for final numbers on how many people took advantage of the water taxis. Read More »

Lyft's IPO lifts off at $72 a share, valuing company at $24B

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The Lyft's rival's IPO might value it in the unheard of range of $100 billion to $120 billion, the largest in history. Backlash within tech companies has been sweeping across a number of the tech sector's biggest names, from a variety of worker actions at Google, to open letters at Amazon, Microsoft, and Salesforce (many specifically related to business relationships with the highly unpopular and brutal Immigration and Customs Enforcement agency.) With IPOs either underway or expected soon ... Read More »

Economic Slowdown Pushes Down Oil Prices

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Iranian imports rose 7.4 per cent to 1.955 million tonnes or 509,700 bpd ahead of an decision due around early May on whether Washington will extend sanctions waivers on Iranian crude . An improved index on Germany's business climate dispelled some recession concerns that flared after manufacturing output data from Europe's biggest economy shrank for the third straight month. Read More »

Powerball jackpot third largest; Super Kansas Cash at record high

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Or the world's most expensive auto - the $19 million Bugatti La Voiture Noire - for you and 38 friends. Tickets for a chance to win are at least $2 each and the odds of winning are roughly 1 in 292.2 million. "It's going to be a very green spring for our first Powerball jackpot victor of 2019", David Barden, Powerball Product Group chairman and New Mexico Lottery CEO, said in a statement . Read More »

Republican-led US Senate Rejects Green New Deal

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Ocasio-Cortez cited farms and towns in the midwestern United States that will "never be recovered" given the weight of climate change . "That's what we need more of, rather than less of, and shame on them for suggesting that we need fewer humans on this planet". Read More »

McDonald's deal for Dynamic Yield will revolutionize menus

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McDonald's said that it will utilize the Tel Aviv based company's decision technology to provide an even more personalized customer experience by varying outdoor digital Drive Thru menu displays to show food based on time of day, weather, current restaurant traffic and trending menu items. Read More »

Treasuries Lead Global Bond Rally as Bets on Fed Rate Cuts Soar

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Derek Holt, head of capital markets economics at Scotiabank (with assistance from Alena Bystrova), took two different definitions of a recession - back-to-back quarterly declines in gross domestic product and the C.D. "For now we have to see this week's auctions", he said. Trading in futures markets implied a 10% chance that the Fed would cut its short-term benchmark rate at its next meeting from April 30 to May 1, with the probability of an ease rising to 62% at the Fed's meeting this ... Read More »

Blockbuster ruling strips Qualcomm of patent forcing ITC to side with Apple

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International Trade Commission (ITC) is supposed to rule on the second case later today. While Qualcomm claims that by "stealing" other companies' patents, Apple is promoting an unhealthy state of market which may result in Chinese phones gaining an unfair percentage of the market share, Apple claims that Qualcomm is trying to push its only competitor out of the States which would, as you might imagine, hinder innovation. Read More »

Avocado Company Recalls Fruits Sold In 6 States For Potential Listeria Contamination

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They were packed at Henry Avocado Corporation's facility in California and distributed to six states: Arizona , California, Florida , New Hampshire , North Carolina and Wisconsin . Listeria or listeriosis is a serious infection caused by consuming food contaminated with the listeria monocytogenes bacterium. "Recent actions by the Centers for Disease Control and Prevention, such as last year's Romaine lettuce recall, have also increased producer awareness and the likelihood of a ... Read More »

Uber to buy Careem for $3.1 billion

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Careem, on the other hand, will become a wholly-owned subsidiary of Uber making sure the brand remains as it is. The deal is expected to close in the first quarter of 2020, the companies said, meaning it will not be reflected in Uber's first couple of quarterly earnings releases as a public company, although it will likely be disclosed in a public IPO filing. Read More »

Apple is Making a Credit Card for Some Reason

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With Apple Card , Apple is also aiming to be more transparent about the fees and high interest rates associated with other cards - the company is doing away with late fees, annual fees, worldwide fees, and over limit fees altogether. "Plus, as a merchant, they'll save on interchange fees when Apple Card users buy something from Apple". For purchases made with the titanium Apple Card , customers will get 1 percent Daily Cash. Read More »

NYSE wins Uber, Pinterest listings

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The Wall Street Journal said on Thursday that the company could reveal its IPO filing as early as yesterday, and list its shares by mid-April. Pinterest Inc, the owner of the image search website known for the food and fashion photos that its users post, filed for an initial public offering with US regulators on Friday, looking to tap into a red-hot market for new stock offerings. Read More »

Shaquille O’Neal is joining Papa John’s board

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The four-time National Basketball Association champion and current sports analyst will also be a brand ambassador for the company and has agreed to invest in nine Papa John's locations in the Atlanta area. O'Neal said he's proud to be a part of the chain's efforts to rebrand itself. Ever since the Schnatter incident, Papa John's has been picking up the pieces. Read More »

Jet Airways founder Naresh Goyal, wife step down from board

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As per ICRA's report, the airline has large repayments due in March to the tune of Rs 1,700 crores and further Rs 2,445 crore due in FY20 and Rs 2,168 crore due in FY21. Meanwhile, minority lenders that are part of the consortium that has lent to Jet Airways have agreed to grant priority status to the State Bank of India (SBI) and Punjab National Bank (PNB). Read More »

Trump escalates feud with Fed by picking political ally

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The position would give Moore a vote at the policy-setting table of an institution whose interest rate hikes past year were a frequent target of Trump's ire. He pressed his case in 2011, warning on Fox News, "We're starting to see that spectre of inflation". "We may move up; we may move down", Bostic said in remarks prepared for delivery to a monetary policy conference at the San Francisco Fed. Read More »

Treasury yield curve inversion in 2019 for first time since Great Recession

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The U.S. curve has inverted before each recession in the past 50 years. The yield on 3-year Treasuries exceeded that of 10-year Treasuries on Friday, a turn long in coming that is exacerbating fears of a slowing economy, following Federal Reserve Chairman Jerome Powell's signal yesterday that there will be no interest rate hikes this year. Read More »

Levi Strauss public again, stock surges

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The blue jeans icon initially expected to price its offering between $14 and $16 a share. That valued all of Levi Strauss at around $6.6 billion, including shares outstanding after the IPO. To commemorate its first day of trading, Levi's also hosted a tailor shop outside the stock exchange. At the close, Levi rose 32 percent to $22.41. Read More »

Guy Walks His Cow In To Local Petco On A Leash

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But to their surprise, Oliver was welcomed with open arms by store employees, massive horns and all. A man in - where else - Texas, took it upon himself to test the pet store chain's pledge by bringing his hulking African Watusi steer, Oliver, to a store near Houston. Read More »

Powerball jackpot hits $625 million

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It typically takes Powerball about one to two hours to process all the tickets and announce if someone won. A livestream can be seen on the official Powerball website . The odds of winning the Powerball jackpot are 1:292.2 million. After taxes Bailey, 67, walked away with a check for $125 million. Deadline is 7:08 p.m. Read More »

CVS now selling products infused with CBD

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CVS Pharmacy announced Wednesday that it will begin selling hemp-derived CBD products in eight states. "These products include topicals such as creams, sprays, roll-ons, lotions and salves ". THC , the psychoactive chemical that causes the high, is found in marijuana . Previous Congress legalized CBD and its production with the Farm Bill. Read More »

GM announcing major investment at Orion Assembly plant

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General Motors CEO Mary Barra on the automaker's plans to build an electric vehicle plant at a plant in Orion, Michigan, President Trump's criticisms of the company's decision to close a plant in Lordstown, Ohio and the company's commitment to jobs in America. Read More »

Oil prices near 2019 highs amid OPEC supply cuts, USA sanctions

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Oil prices surged more than 2 percent on Wednesday after government data showed an unexpected and sharp drop in US crude stockpiles. OPEC cuts and sanctions have also tightened supply within the US. OPEC's crude oil output has slumped from a mid-2018 peak of 32.8 million barrels per day (bpd) to 30.7 million bpd in February. Now, OPEC and its allies have managed to reduce output by 1.2 million barrels per day, which is about 1.2 percent of global demand, since January. Read More »

Ford invests US$900 million to build electric vehicles in MI

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Previously the automaker said that it would build a hybrid autonomous vehicle, as well as an electric vehicle, at Flat Rock. Despite retooling in Mexico, Ford is adding more jobs to the Flat Rock plant than the 700 jobs Fields had targeted when he announced it would also build autonomous vehicles for ride-hailing and ride-sharing. Read More »

Pound struggles to recover amid Brexit extension vote uncertainty

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Businesses and economists say a no-deal Brexit would cause huge disruptions and billions in costs to the economies of both Britain and the EU. What has the Prime Minister said? . The document also suggests the EU will formally adopt two documents agreed by Mrs May with European Commission president Jean-Claude Juncker in Strasbourg last week, with the intention of reassuring MPs that the controversial backstop will not be permanent. Read More »

Facebook agrees to advertising overhaul to settle US discrimination suits

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How, and even if, that can be avoided is still a hot topic among machine learning experts, but even so, anything Facebook can do to limit active targeting in this regard is a positive step. "They should never be used to exclude or harm individuals". The ACLU and other groups filed a complaint in September with the Equal Employment Opportunity Commission, accusing Facebook of enabling discriminatory job postings. Read More »

Powerball winning numbers for 03/13/2019; jackpot $448 million

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When a jackpot victor is determined, the prize will reset at $40 million. That's a cash option of about $271 million. The drawing for the Rolling Cash 5 is each night at 7:35 p.m. Those tickets were sold in Florida and NY. Pennsylvania also had a third-prize victor worth $50,000. One ticket in Florida matched all five white balls and doubled the prize to $2 million, because the ticket included the Power Play option for an additional $1. Read More »

Fed Signals It May Not Change Interest Rates This Year

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Many economists are now predicting the earliest the Fed may move to lift rates higher will be in December. The media projection of Fed policymakers for economic growth in 2019 fell to 2.1 from 2.3 in December, while the outlook for unemployment climbed from 3.5 to 3.7. Read More »

Powerball draws numbers in nearly half-billion jackpot

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The drawing for the Rolling Cash 5 is each night at 7:35 p.m. One was sold in New Jersey , however the location of where the ticket was sold was not immediately released. The last victor was David Johnson of Brooklyn, New York, on December 26, 2018. The odds of winning the jackpot are 292,201,338 to 1. The latest Powerball drawing is worth $495 million with a cash option of $300.1 million. Read More »

Google Fined $1.7 Billion by E.U

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Last year Vestager hit the company with a record $5bn (£3.8bn / €4.3bn) fine following an investigation into its Android operating system. In 2016, she fined the company €2.4 billion for prioritising its own services in internet search rankings to the detriment of rivals. Read More »

Lyft IPO Approaches With 30 Million Shares To Hit Market

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The startup hopes to raise a maximum of $2.4 billion from its public debut at a valuation that could reach $23 billion. It's one of the first signs that 2019 could yet live up to its billing as a bumper year for going public, particularly among technology firms. Read More »

Second U.S. jury finds Bayer's Roundup caused cancer

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Last year, another jury found that Roundup had caused the cancer of a school janitor in California. Today's verdict in favor of a California man who said his cancer was caused by exposure to Bayer AG's Roundup weedkiller is further evidence that glyphosate, the herbicide's active ingredient, is carcinogenic to humans, said Environmental Working Group President Ken Cook. Read More »

Indian Aviation Minister calls for emergency Jet Airways meeting

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The DGCA statement came in the wake of aircraft drastically reducing its operations due to liquidity crunch. "As a minority shareholder, Etihad is working closely with Indian lenders, the company and key stakeholders to facilitate a solution for Jet Airways ", a spokesperson for Etihad said on email. Read More »

Musk defense "borders on the ridiculous", SEC tells court

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USA securities regulators are fighting back against Tesla CEO Elon Musk, arguing that he should be held in contempt for brazenly violating a federal court order. In the SEC's view, all of these topics were potentially significant for Tesla's shareholders, and hence Musk should have sought approval from Tesla's lawyers before tweeting about them. Read More »

Fisker teases all-electric 4WD SUV with 80kWh battery and 300-mile range

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The American auto manufacturer has announced its new $40,000 electric SUV which will go on sale in 2021. While history certainly didn't play out that way, it's an odd twist that Henrik Fisker's new venture, Fisker Inc., has dropped a teaser for its first product-a fully electric SUV-into the afterglow of last week's Tesla Model Y electric SUV introduction. Read More »

Trump talks to GM CEO about OH plant closure

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Less than 24 hours later, President Trump sent out another tweet discussing the Lordstown GM plant, this time specifically addressing a local union boss about the closure. 'I asked her to sell it or do something quickly. President Trump on Sunday said he spoke with General Motors CEO Mary Barra and told her he's disappointed about a shuttered auto plant in Ohio. Read More »

Elon Musk's lawyers: SEC contempt motion "smacks of retaliation and censorship"

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Tesla claims this combination of higher peak power with V3, dedicated vehicle power allocation across Supercharger sites and a new feature called On-Route Battery Warmup (the auto will intelligently heat the battery to ensure you arrive at the optimal temperature to charge) will enable customers to charge in half the time-around 15 minutes in most instances. Read More »

Woman awarded $42 million in baby powder terminal cancer lawsuit

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The jury awarded Leavitt $22 million for her pain and suffering, $5 million to compensate her family members, almost $1.3 million for her medical costs and $1.2 million for her lost wages, according to her lawyer. Patty Murray, a member of the Senate Committee on Health, Education, Labor and Pensions. "Talc does not cause cancer". Asbestos is a term for a group of minerals often found near talc, which is widely used in cosmetics. Read More »

Pi Day 2019 deals in Hampton Roads

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Here's where you can get freebies and deals on pies, pizza pie and pot pies. Let us remember their accomplishments, either for a season or over their entire careers, because today is about anything related to the numbers 3, 1, and 4. Note: Pi Day is NOT the same day as Pie Day , which was held earlier this year. Cheddar's Scratch Kitchen - Order a homemade chicken pot pie and get another to take home (and bake yourself) for free. Read More »

Facebook says Chief Product Officer Chris Cox is leaving | Tech

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In addition to being one of Facebook's earliest employees and a pivotal decision maker on core products like the News Feed, Cox was also widely assumed to be next in line should Mark Zuckerberg ever step away from his perch. Fidji Simo will take over as the head of the Facebook app. Cathcart and Simo worked closely to bring video uploading tools and professional video content to Facebook. Read More »

Tesla Model Y: What We Know

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It's worth noting, though, that the entry-level model won't be available until 2021 as Tesla will look to manufacture the more margin-friendly models first, a strategy the company undertook with the Model 3 . Teased image of Model Y from Tesla Photo: Tesla Inc. The California-based company only started delivering Model 3 cars to China at the end of February, a key market where it has been trying to revive its sales which have been hit hard by Sino-U.S. Read More »

Garuda reconsiders order of 49 MAX airplanes from Boeing

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The two crashes have shaken aviation industry, scared passengers worldwide and put significant pressure on the world's biggest aircraft manufacturer to prove the safety of a model meant to be the standard for decades. The airline, which has 34 of the 72 USA -based Max planes that were in operation, cancelled 39 flights Thursday due to the grounding. Trump told reporters the "safety of the American people and all peoples is our paramount concern". Read More »

OPEC cuts oil production in February despite pressure from Trump

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USA crude oil demand in 2019 is expected to rise by 360,000 barrels to 20.81 million barrels per day, a former Energy Information Administration (EIA) for an increase of 350,000 barrels per day. After averaging a record high of 10.1 million bpd in 2005, crude oil imports fell by 2.8 million bpd to an average of 7.3 million bpd in 2014. The price of oil has been steadily increasing over the past couple of months. Read More »