Money

Truth of hike: BJP talks about percentage increase in petrol, diesel prices

Truth of hike: BJP talks about percentage increase in petrol, diesel prices Petrol price has risen by Rs 3.65 a litre and diesel by Rs 4.06 per litre - the biggest increase in rates witnessed in any month since the launch of daily price revision in mid-June previous year. Despite a nationwide bandh on Monday, the surge in fuel prices seen to offer no immediate respite. Unlike the previous governments, the BJP has also failed to cut excise duty whenever worldwide oil pric... [Full Article...]

Lyft launches electric scooters in Denver

Lyft launches electric scooters in Denver Samponaro said Lyft has received a ton of demand from cities interested in scooters. According to a city spokesperson, on Thursday city officials collected 19 more scooters from the company Bird , a West Coast-based startup company that brings the scooters to cities all over the country. [Full Article...]

Apple Says China Tariffs Will Hurt Its Competitiveness and Raise Prices

Apple Says China Tariffs Will Hurt Its Competitiveness and Raise Prices This is on top of a second round of tariffs on $200 billion in Chinese goods the Trump administration is preparing, and $50 billion in tariffs that have already been imposed. To a certain extent it's going to be up to China", he said, "And I hate to say this, but behind that is another $267 billion ready to go on short notice, if I want. [Full Article...]

Canada: Economy shed 52k jobs in August - TDS

Canada: Economy shed 52k jobs in August - TDS Windsor's rate is now tenth highest among 34 larger Canadian cities. The nation's unemployment rate went up 0.2 percentage points to land at 6 per cent. The LFS estimates are the first in a series of labour market indicators released by Statistics Canada, which includes indicators from programs such as the Survey of Employment, Payrolls and Hours (SEPH), Employment Insurance Statistics, and th... [Full Article...]

Tesla chief accounting officer resigns after a month

Tesla chief accounting officer resigns after a month As of midday Friday, more than 1.5 million users had checked out his chat with Musk. The vehicle company has struggled to scale up production of its Model 3 sedan, which has been hit by a number of delays, intensifying the pressure on Musk. [Full Article...]

More Women Accuse CBS Head Les Moonves of Sexual Abuse

More Women Accuse CBS Head Les Moonves of Sexual Abuse News of the deal emerged the same day the New Yorker published fresh claims from six women who allege Moonves exposed himself and used physical violence and intimidation. In a statement to the magazine, he acknowledged three of the encounters, but said they were consensual. "In my 40 years of work, I have never before heard of such disturbing accusations ", Moonves said. [Full Article...]

Petrol, diesel prices reach new high on Friday

Petrol, diesel prices reach new high on Friday While petrol costs Rs 86.91 a litre, diesel is priced at Rs 75.96 a litre in Mumbai. On Wednesday, Finance Minister Arun Jaitley was remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices , saying worldwide oil prices are volatile and have not shown any linear movement. [Full Article...]

Petrol price in Delhi crosses ₹ 80 mark, diesel at highest ever

Petrol and diesel prices on Saturday were again hiked by about by 29 paise and 38 paise respectively. Similarly, petrol is being sold for ₹83.54 per litre in Chennai and the diesel retail price is ₹76.64 per litre. US West Texas Intermediate (WTI) crude futures slipped 64 cents to $67.13 per barrel, stated a report by news agency Reuters. Nearly half of the retail selling price of the two fuels ... [Full Article...]

United Kingdom regulator sets energy price cap at 1,136 pounds a year

United Kingdom regulator sets energy price cap at 1,136 pounds a year The price cap of £1,136 is provisional and will be confirmed in November by the regulator. "The price cap is created to be a temporary measure, in place until 2023 at the latest", the watchdog said. "There's nothing the market hates more than a lack of clarity and now the level of the price cap is known analysts can reflect it in their earnings estimates", said Russ Mould, investment director at... [Full Article...]

Bernie Sanders introduces 'Stop BEZOS Act' in the Senate

Bernie Sanders introduces 'Stop BEZOS Act' in the Senate Amazon has pushed back on claims made by Sanders in recent weeks, saying the senator made " inaccurate and misleading " accusations against the company. The bill makes it illegal for the company to ask employees if they receive or qualify for federal assistance and leaves it to the Internal Revenue Service, in consultation with other federal agencies, to determine the amount of the tax. [Full Article...]

Tesla Turmoil Peaks As Elon Musk Smokes Weed On YouTube, Executives Quit

Tesla Turmoil Peaks As Elon Musk Smokes Weed On YouTube, Executives Quit Gabrielle Toledano , vice president of human resources, announced that she would not be returning after her leave of absence. The interview took place in California, where both medical and recreational use is allowed, but it is still illegal on the federal level. [Full Article...]

Goldman Drops Plans for Crypto Trading Desk

Goldman Drops Plans for Crypto Trading Desk Bitcoin prices surged in 2017, with the cryptocurrency setting a record high just short of $20,000 in December. Bitcoin fell further in today's early trading, with its price dropping to an intraday low of $6,404.72. BTC/USD is now ranging after the heavy selling pressure, nothing out of the normal with this current price behaviour. Right in line with the post-Labor Day Weekend tech sell-of... [Full Article...]

September 6, 2018 Burberry Will No Longer Burn Bags It Can't Sell

September 6, 2018 Burberry Will No Longer Burn Bags It Can't Sell Luxury fashion house Burberry has announced that it will stop burning unsold stock and selling real fur. The company has made only limited use of real fur in recent years with clothing incorporating fur from rabbit, fox, mink and Asiatic racoon. [Full Article...]

Higher oil prices lead to lower merchandise trade deficit

Exports to the United States rose 3.3 percent in July to 38.4 billion Canadian dollars (29 billion US dollars) while American imports edged down 0.1 percent to 33.1 billion Canadian dollars (25 billion USA dollars). It represents Canada's biggest monthly trade surplus with the United States, its largest trading partner since October 2008. Statistics Canada said gains in global exports were led b... [Full Article...]

USA job growth surges in August; annual wage growth largest since 2009

USA job growth surges in August; annual wage growth largest since 2009 While the August US Nonfarm Payrolls report wasn't a blowout by any means - the headline jobs figure came in at +201K versus the consensus of +190K - it was strong enough all-around to boost investors' beliefs about when the Federal Reserve will hike rates over the coming months. [Full Article...]

Student's fake poster hangs at McDonald's for months

Student's fake poster hangs at McDonald's for months And apparently, McDonald's isn't the only one lovin it ...because the poster is still up 50 days later! Jevh, who has Filipino heritage, decided it was time to fix this and enlisted his friend Christian Toledo to help. To this day, I can say that the poster has been up since, and I really hope they never take it down. But this was one instance when a amusing flight of fancy became reality (af... [Full Article...]

Obama steps into midterm battle with Illinois speech

Obama steps into midterm battle with Illinois speech Sen. The speech, which can be viewed live below, is taking place at the University of IL at Urbana-Champaign, and is expected to have many Democratic Senators and Congressmen in attendance , including Senator Dick Durbin (D) of IL. "The consequences of any of us sitting on the sidelines are more dire". Trump has consistently used Obama as a foil on Twitter to energize his voters, while Democr... [Full Article...]

Cryptocurrencies continue to tumble on Goldman reports

Cryptocurrencies continue to tumble on Goldman reports Bitcoin now sits just shy of $6,500 as buyers have begun to return to the market. At the time of writing, Bitcoin [BTC] was trading at $6467.57 dollars still dropping at a rate of 7.29%. As a result, any bank looking to facilitate those trades has to figure out how to safeguard those assets in a way that keeps regulators happy. The Wall Street giant has not given up hope of trading cryptocu... [Full Article...]

Goldman Sachs Reportedly Delaying Creation Of Crypto Trading Desk

Goldman Sachs Reportedly Delaying Creation Of Crypto Trading Desk A Goldman spokesman said the bank had yet to decide on the scope of its "digital asset offering". Goldman Sachs is ditching its proposed cryptocurrency trading desk , citing yet more regulatory anxiety. Panic selling from the downtrend has likely kicked off a downward spiral that could continue until BTC prices hit support levels; some of which are as low as $5900. [Full Article...]

Chinese billionaire arrested in Minneapolis accused of felony rape

Chinese billionaire arrested in Minneapolis accused of felony rape An attorney for Liu, Earl Gray, said Tuesday that he doesn't expect the CEO will face any charges. Shares in JD.com, one of China's biggest e-commerce sites, hit an 18-month low on Tuesday. Shen Meng, director of boutique investment bank Chanson & Co, said as a US-listed company, the statement from JD is not professional and if the company is really involved in issuing materially misleading busi... [Full Article...]


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