Money

First Recreational Marijuana Shops Now Open In Massachusetts

First Recreational Marijuana Shops Now Open In Massachusetts The two dispensaries are Cultivate Holdings in Leicester and New England Treatment Access in Northampton, located in the central and western parts of the state, respectively. The store's co-founder, Arnon Vered, thanked the mayor and offered this advice: "Remember, go low and slow". Brittany Beso, who had been standing in line at Cultivate since 7 a.m., said she was excited to be among the first... [Full Article...]

Tim Cook: tech firms should prepare for 'inevitable' regulation

Tim Cook: tech firms should prepare for 'inevitable' regulation According to the Financial Times, it was reported that "A Definers' affiliate called NTK Network posted dozens of articles blasting Apple and Google for "unsavoury business practices", including calling Mr Cook hypocritical for criticising Facebook over privacy". [Full Article...]

Apple suppliers suffer as it struggles to forecast iPhone demand

Apple suppliers suffer as it struggles to forecast iPhone demand Apple didn't immediately respond to Variety's request for comment, and the company isn't expected to be very transparent about its holiday quarter iPhone sales: Apple executives told Wall Street during the company's fiscal Q4 earnings call earlier this month that it they would stop reporting iPhone sales numbers going forward. [Full Article...]

PM May sticks to Brexit deal as opponents seek formal challenge

PM May sticks to Brexit deal as opponents seek formal challenge The group has previously said it was confident of getting the 48 letters - from 15 percent of Conservative lawmakers - needed to spark a leadership challenge. During an exclusive phone-in on LBC, Theresa May faced calls to "stand down" to make way for a Brexiteer Prime Minister. "It mustn't be an option between frying pan or fire - but it is now incumbent on all of us who oppose that false c... [Full Article...]

Here Are Amazon's Cheap Black Friday Video Game Deals

Here Are Amazon's Cheap Black Friday Video Game Deals We compared this data with the price of the products on Black Friday itself. Apple is advising users to mark their calendars for the upcoming four-day shopping event that starts this Friday. Though Amazon is practically overflowing with Black Friday 2018 sales, the bulk of the items featured in the retailer's Black Friday 2018 ad focuses on electronics and other Amazon-branded devices. [Full Article...]

Nissan says CEO Carlos Ghosn lied about salary, misused company money

Nissan says CEO Carlos Ghosn lied about salary, misused company money It was under Ghosn's guidance that Nissan recovered from near collapse and formed an alliance with Japan's Mitsubishi and Renault . Saikawa gave few details about the nature of the improprieties, including refusing to confirm reports that Ghosn under-reported his income by 5 billion yen, or around $60 million (AUD), over five years from 2011. [Full Article...]

Paul Chipotle manager fired after reportedly asking customers to pay before ordering

Paul Chipotle manager fired after reportedly asking customers to pay before ordering Paul, Minnesota branch of the USA burrito chain on Friday. The unidentified manager of a Chipotle restaurant in St. Paul, Minnesota, can be seen in a viral clip posted to Twitter smiling and saying, "You gotta pay because you never have money when you come in here", to the group of customers. [Full Article...]

Oil prices climb on prospect of OPEC and Russian cuts

Oil prices climb on prospect of OPEC and Russian cuts Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of US oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts. Total volume traded was about 5 percent below the 100-day average. Russian Energy Minister Alexander Novak said that Russia, which is not an OPEC member, planned to sign a partnership agreement ... [Full Article...]

APEC summit ends with no statement amid China-US differences

APEC summit ends with no statement amid China-US differences The 21 nations at the Asia-Pacific Economic Cooperation summit in Port Moresby struggled to bridge differences on the role of the World Trade Organization, which governs global trade, officials said. Mr Pence had stated that the United States will not lift tariffs until "China changes its ways". Pence accused China of intellectual property theft, forced technology transfers and unfair trading pr... [Full Article...]

Woman thrown overboard by lover on Duchess of Cambridge cruise ship

Woman thrown overboard by lover on Duchess of Cambridge cruise ship They also said she was an avid cruiser and traveler. Passengers shared pictures of the scene, including what appears to be a blood-stained lifeboat and shards of broken glass. The man, described as being muscular, allegedly strangled the woman before tossing her from the ship's 16th deck. "I thought it was in the middle of night; it was early morning", she said, "and next thing I know, I heard o... [Full Article...]

RBI board meeting, earnings growth, MF industry, and more

RBI board meeting, earnings growth, MF industry, and more RBI's central board now has 18 members, including five full-time directors from the central bank. Amid growing tensions with the central bank, the Finance Ministry had sought discussions under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI Governor. [Full Article...]

VW embarks on US$50 billion electrification plan

VW embarks on US$50 billion electrification plan Volkswagen announced Friday that it intends to spend about $50 billion through 2023 on a variety of new tech, including mobility services , digitalization, autonomous driving and vehicle electrification. General Motors, Nissan and Mitsubishi already are selling mass-market electric vehicles, but they're still more costly than cars with gasoline engines, and they haven't sold in great numbers. [Full Article...]

Nissan And Renault Chairman Carlos Ghosn Arrested Over Corruption

Nissan And Renault Chairman Carlos Ghosn Arrested Over Corruption Renault's market value dived by €2bn (£1.78bn) to €17bn after the report, with shares falling by 11%. Nissan said it would brief reporters on Monday evening. He became Renault's CEO in 2005, pressing for further streamlining through joint procurement and development under the Nissan-Renault alliance. Ghosn was also personally involved in acquiring assurances from prime minister Theresa May t... [Full Article...]

Cryptocurrency investors set for refunds after SEC settles with start-ups

Cryptocurrency investors set for refunds after SEC settles with start-ups In turn, Paragon is yet another blockchain outfit which raised over $12 million in an ICO to build a "social network of cannabis startups", but reportedly lost 90 percent of its market cap . Nevertheless, the bill would complement the recent tendency of crypto and blockchain firms to turn to venture capital (VC) funding rather than ICOs, in a bid to circumvent the complexities of securities l... [Full Article...]

Expect the best & the worst at RBI board meeting today

Expect the best & the worst at RBI board meeting today Besides this, the government is also looking for a consultative process in decision-making to align the overall economic policy framework, given its differences with the central bank over many issues, sources said. If both sides pull back from the brink, then it implicitly signals a compromise-especially since the board is expected to take up the agenda carried over from the previous meeting, the ... [Full Article...]

Bitcoin price (BTC/USD) hits new 2018 low amid market-wide crypto crash

Bitcoin price (BTC/USD) hits new 2018 low amid market-wide crypto crash During the last week, Bitcoin Cash has traded down 27.2% against the USA dollar. Ethereum Classic (ETC ) is now at $7.53 against the Dollars, a -1.14 percent change in the last 24h. Cardano (ADA ) is now at $0.06 against the Dollars, a -0.48 percent change in the last 24h. Bitcoin Cash has a max supply of 17,461,400 coins. [Full Article...]

Ofcom fines EE and Virgin Media £13m for overcharging customers

Ofcom fines EE and Virgin Media £13m for overcharging customers Both companies also failed to make sufficiently clear the charges customers would have to pay if they ended their contract early . EE has been fined £6.3 million while Virgin Media has been fined £7 million. "We will be appealing Ofcom's decision". But Virgin Media vowed to appeal against the decision and fine, which it said was "unjustified and disproportionate". [Full Article...]

Investors Searchlight: Royal Caribbean Cruises Ltd. (RCL)

Investors Searchlight: Royal Caribbean Cruises Ltd. (RCL) The Return on Invested Capital (aka ROIC) for Royal Caribbean Cruises Ltd . (NYSE: RCL ) is 0.077175. Shares of Royal Caribbean Cruises stock traded down $0.49 on Friday, reaching $106.48. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.81 and a beta of 1.17. Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings d... [Full Article...]

American Airlines ‘unaware’ of some Boeing 737 MAX functions until last week

American Airlines ‘unaware’ of some Boeing 737 MAX functions until last week United States pilots unions and Lion Air executives have now said the Boeing guidance was omitted from training manuals, and they had not been warned before of a significant change to the flight control system in this model, which could have led to on-board computers forcing the nose of a 737 Max plane down. [Full Article...]

Fed cautions economic headwinds, ponders rates hike pace

Fed cautions economic headwinds, ponders rates hike pace While generally upbeat about the U.S. economic outlook, Mr Powell listed potential challenges including slowing growth overseas, fading fiscal stimulus and the lagged effect on the economy of the Fed's eight rate increases since late 2015. "I'm very happy about the state of the economy now ". The campaign, though, has attracted the ire of President Donald Trump, who's attacked the Fed for raising... [Full Article...]


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