Money

Google: EU fines Google $1.7 billion for blocking ad rivals

Google: EU fines Google $1.7 billion for blocking ad rivals Through these abusive practices, she added, Google "denied consumers choice, innovative products and fair prices". Google, which is appealing both of the earlier cases, said ahead of Wednesday's announcement that it has put in place remedies required by the commission. [Full Article...]

The market has completely flipped its expectations for the Fed

The market has completely flipped its expectations for the Fed The single currency was a shade lower at 1.1347 dollar. Traders lifted the odds of the Fed cutting rates. The Fed also said it would slow the monthly reduction of its Treasury bond holdings from up to $30 billion to up to $15 billion beginning in May. [Full Article...]

Fed Signals It May Not Change Interest Rates This Year

Fed Signals It May Not Change Interest Rates This Year That's a sharp change from December when the Fed was anticipating as many as three rate hikes in 2019. Policymakers expect to lift rates once in 2020, to 2.6 per cent by the end of that year, and hold them steady in 2021. Sit Fixed Income Senior Vice President Bryce Doty on the impact of the Federal Reserve and USA trade talks with China on the markets. "The data are not now sending a signal t... [Full Article...]

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

Second U.S. jury finds Bayer's Roundup caused cancer Mr Hardeman's lawyers said they would show evidence of Monsanto's "bad conduct" in the next stage of the trial. The jury in Hardeman's case is now tasked with determining liability and damages. The verdict was later reduced by to US$ 78 million . The jury found that it was on Tuesday. It added, "Regardless of the outcome, however, the decision in phase one of this trial has no impact on fu... [Full Article...]

These are the world's most expensive cities in 2019

These are the world's most expensive cities in 2019 Zurich, Geneva, Osaka, Seoul, Copenhagen, New York , Tel Aviv and Los Angeles make up the top ten. Outside the top 10, the EIU said the cost of living in Chinese cities remains relatively stable, while south-east Asian destinations were moving up the ranks. [Full Article...]

British Airways to debut new Club Suite on first A350 in July

British Airways to debut new Club Suite on first A350 in July The " Club Suite " will transform into a flat bed, a feature now standard after BA introduced it in the 1990s, but will also come with a door, meeting customer requests for added privacy, the airline said on Monday. British Airways says it "will roll out the new suites in a carefully managed programme created to minimise disruption to customers". However, the airline doesn't expect to roll out the... [Full Article...]

Instagram adds new feature to let United States users shop via app

Instagram adds new feature to let United States users shop via app Today, the social media service is rolling out Checkout on Instagram that will allow users purchase products from select business accounts directly on the app. Instagram could also use a person's shopping history to show more targeted ads. The new Instagram service could take share from Shopify, RBC analyst Ross MacMillan said. [Full Article...]

Fisker previews electric SUV to rival the Tesla Model Y

Fisker previews electric SUV to rival the Tesla Model Y Fisker promises a spacious interior with a large heads-up display and a dash with an intuitive user interface. Fisker's next model will be a small SUV to challenge the recently revealed Tesla Model Y . SUV is the first in a future lineup of three affordable all-electric vehicles. And expect that careful use of the word "enhanced" could correspond to the supplemental use of the solid-state ba... [Full Article...]

United States jury awards Qualcomm $31 mn in Apple case

United States jury awards Qualcomm $31 mn in Apple case That case wrapped up in January, and it's in the hands of a judge, or the two companies, to reach a settlement. The devices that have this technology are iPhone 7 , 7 Plus, 8, 8 Plus and X. Bloomberg said that while the damages awarded Friday aren't significant to either company, from Qualcomm's perspective, valuing just three of its more than 10,000 patents at $1.41 per phone shows the overall... [Full Article...]

Lyft IPO: Ride-hailing company aims to raise $2 billion

Lyft IPO: Ride-hailing company aims to raise $2 billion Lyft could therefore show the risks and rewards of what a public company can expect in the burgeoning ride-hailing sector, ahead of Uber's debut. At the targeted range, the San Francisco-based company's offering will be the biggest from a tech upstart since Snap Inc. [Full Article...]

Trump tells GM to 'bring jobs home' after OH plant closing

Trump tells GM to 'bring jobs home' after OH plant closing Johnson Tweeted that it would be a "big mistake letting that highly skilled automaking workforce get away". Trump's tweet comes as four more GM plants prepare to close, including two here in metro Detroit. "We remain open to talking with all the affected stakeholders, but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities", the company... [Full Article...]

Ericsson case: Anil Ambani thanks elder brother Mukesh Ambani for timely support

Ericsson case: Anil Ambani thanks elder brother Mukesh Ambani for timely support In a stock-exchange filing, Reliance Communications cited lack of approvals from its lenders and the Department of Telecommunications as well as its decision to approach the bankruptcy court to resolve its debt as reasons for the transaction falling through. [Full Article...]

New Cadillac to be built in Lansing

New Cadillac to be built in Lansing That's a must for any luxury automaker. The 2016 Cadillac Escala concept previewed the CT5's design. The videos focus on distinct sounds created to trigger a physical response, often experienced as a spine-tingling sensation, such as the rev of the CT5's available 3.0L Twin Turbo engine, audio from its Bose® Performance Series speakers and the whisper of its custom black-and-white camouflage... [Full Article...]

Powerball: When & How To Watch Tonight’s $495 Million Jackpot’s Drawing

Powerball: When & How To Watch Tonight’s $495 Million Jackpot’s Drawing Lottery officials say one $1 million ticket was sold in New Jersey . Wednesday's estimated jackpot, $550 million, is the eighth largest in Powerball history. The white balls are numbered 1 through 69 and the Powerball is numbered 1 through 26. The Powerball site lists the odds of winning the jackpot at 1 in 292 million . [Full Article...]

The Cboe Backs Away From Bitcoin Futures

The Cboe Backs Away From Bitcoin Futures CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While the CME has much higher Bitcoin futures trading volumes, Chepicap recently reported that both the CBOE and the CME were suffering from the lowest Bitcoin futures trading volumes since launch previous year. [Full Article...]

Jaguar Land Rover recalls 44,000 cars over ‘excessive’ emissions levels

Jaguar Land Rover recalls 44,000 cars over ‘excessive’ emissions levels The recall will affect versions of the Land Rover Discovery, Discovery Sport , Range Rover Sport , Velar and Evoque manufactured between 2016 and 2019. The firm posted a £90 million loss in October. Especially given that JLR has rolled out major cash-cutting measures in a bid to save £2.5 billion, as it faces a "perfect storm" of challenges, including dwindling diesel demand, slowed China sa... [Full Article...]

China's crude steel output up 9.2% YoY in Jan-Feb: NBS

China's crude steel output up 9.2% YoY in Jan-Feb: NBS China's unemployment rate rose to 5.3% in January and February from 4.9% in December, reports the South China Morning Post , citing figures from the National Bureau of Statistics . They raised 2.45 trillion yuan ($365.38 billion) in the first two months of the year, up 2.1 percent from the same period last year, slower than the 6.4 percent rise in the full year of 2018, the NBS said. [Full Article...]

Anger as VW chief executive plays on Nazi slogan at company event

Anger as VW chief executive plays on Nazi slogan at company event The phrase appears to be a play on "Arbeit macht frei" - work makes you free - a notorious Nazi slogan that was inscribed over the entrance to Auschwitz and other concentration camps. The expression "Ebit macht frei" was made in an internal Volkswagen management presentation in connection with operating margins from various company brands, Diess said. [Full Article...]

Peltz is triple threat of cannabis endorsements

Peltz is triple threat of cannabis endorsements Aurora said it will work with Peltz to explore potential partnerships for entry into certain market segments, and he will also advise on the cannabis producer's global expansion strategy. " "The beverage industry, cosmetics, wellness; we see pharmaceuticals now starting to show interest in our space". The analyst almost tripled his price target on the company to CA$15 from CA$5.50. [Full Article...]

National Pi Day: Meals and deals

National Pi Day: Meals and deals BJ's Restaurant and Brewhouse: Mini one-topping pizzas are available for $3.14 on Thursday. Your Pie : The fast-casual pizza brand will have $3.14 pizzas at participating locations. Bakers Square : $2 off any pie. Cheesecake and carrot cake are excluded from the deal, which is valid for in-restaurant orders only. Guests who order a Homemade Chicken Pot Pie in-restaurant or to go will get a... [Full Article...]


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