Money

RBI Governor Urjit Patel resigns

RBI Governor Urjit Patel resigns Patel's three year team was to end in September 2019. Finance Minister Arun Jaitley also praised Patel for offering his services as the central bank's governor. There was a consensus in the room that we've to stop BJP's assault on our institutions- CBI, RBI, EC and on the constitution. RBI governor is resigning because he's protecting the institution of RBI. [Full Article...]

Man caught on camera snatching purse at McDonald’s in Okeechobee

Man caught on camera snatching purse at McDonald’s in Okeechobee Dinner at a McDonald's restaurant turned unsafe for an elderly patron after a man snatched her purse in Okeechobee, Fla . The suspect then opened the driver's side door and got into the auto as the woman chased him out of the restaurant, the video showed. [Full Article...]

Bitcoin leads cryptocurrencies to lowest since 2017

Bitcoin leads cryptocurrencies to lowest since 2017 It's been a rough December for the digital token: Its price dropped 8 percent on the first day of the month. In a bear market, especially in crypto, the prices of major cryptocurrencies tend to drop by large margins, unaffected by developments in the sector. [Full Article...]

Marriott Hotel Hack Implicates China

Marriott Hotel Hack Implicates China Former senior Federal Bureau of Investigation official Robert Anderson said the Marriott case looked similar to hacks that the Chinese government was conducting in 2014 as part of its intelligence operations. One expert did caution that it's possible somebody else was behind the hack, because other parties had access to the same hacking tools, some of which have previously been posted online... [Full Article...]

Japan to indict Nissan as well as Ghosn

Japan to indict Nissan as well as Ghosn He may also bee re-arrested for new charges that have not yet been made public, Japan Times reports. The scandal followed another misconduct of Nissan revealed past year as the second largest automaker in Japan was found to have routinely allowed safety checks on finished vehicles to be carried out by uncertified inspection staff, which led to the recalling of 1.2 million vehicles. [Full Article...]

How major US stock indexes fared Thursday National News

How major US stock indexes fared Thursday National News It rounded off a dismal week as the uncertainty of the trade war between China and the United States continued. The S&P 500 index fell 61 points, or 2.3 per cent, to 2,634. For the week, the Dow fell 4.5 per cent, the S&P 500 slid 4.6 per cent and the Nasdaq dropped 4.9 per cent. SOLID QUARTER: Broadcom climbed 4.2 per cent to $236.86 after the technology company reported fiscal fourth-quart... [Full Article...]

'Our airplanes are safe,' Boeing says as officials push training

'Our airplanes are safe,' Boeing says as officials push training Extra training has also become a key focus after the crash. The advisory was issued after the Directorate General of Civil Aviation ( DGCA ) held a review meeting with SpiceJet and Jet Airways , the two domestic airlines which operate this type of aircraft, on December 3. [Full Article...]

Rise in payrolls and wages in November is less than forecast

Rise in payrolls and wages in November is less than forecast Job gains were apparent in most industries, including significant gains in transportation and warehousing (25,000) and in manufacturing (27,000). The unemployment rate was unchanged at near a 49-year low of 3.7 percent as more people entered the labor force. [Full Article...]

Bear repellant fumes send Amazon workers to hospital

Bear repellant fumes send Amazon workers to hospital The incident began after the 9-ounce can, which contains concentrated capsaicin, the main ingredient in pepper spray, was pierced by an automated machine at a warehouse in Robbinsville. That's exactly what happened to 24 Amazon warehouse workers after a robot accidentally sprayed them with the substance. Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union, responded... [Full Article...]

China to 'immediately' implement USA trade truce measures

China to 'immediately' implement USA trade truce measures He said nothing about purchases. That was compounded by news that a top executive at Chinese telecoms giant Huawei had been arrested in Canada and faces extradition to the U.S. As part of the truce, Trump agreed to hold off on plans to raise the tariffs on $200 billion in Chinese imports to 25% beginning 1 January, leaving them at the current 10% rate. [Full Article...]

Aston Martin Works Create First Reversible EV Powertrain Concept

Aston Martin Works Create First Reversible EV Powertrain Concept Aston is, of course, adamant that the conversion is "sympathetic to the integrity of the original car" and reiterates that while it is ultimately aimed at future-proofing its extensive back catalouge, there's nothing to stop the original powertrain being reinstated (apart from the added cost, presumably). [Full Article...]

Southwest Airlines Plane Slides Off Runway in Burbank During Landing

Southwest Airlines Plane Slides Off Runway in Burbank During Landing EMAS is created to safely stop planes that overshoot runways, according to the FAA's website. Aerial video from Sky5 showed the plane had left scars in tile at the end of the runway where it came to a stop. We must no longer be on the runway". A Southwest Airlines flight traveling from Oakland slid off of the runway at Hollywood Burbank Airport north of Los Angeles amid heavy rain Thursday... [Full Article...]

GM's Barra meets with MI lawmakers about factory closings

GM's Barra meets with MI lawmakers about factory closings General Motors Co Chief Executive Mary Barra on Wednesday vowed to keep an "open mind" about the future of an OH plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan. [Full Article...]

Dollar pressured by falling United States yields; recession fears

The Dow Jones Industrial Average closed down almost 800 points, or 3.10 percent, and the Standard & Poor's 500 fell over 90 points, or 3.24 percent. Still, investors were nervous about an inversion of the curve between three-year and five-year U.S. [Full Article...]

China's November export, import growth shrinks; surplus with U.S. record high

While at the conclusion of Saturday's working dinner, both the US and Chinese delegations said that what amounted to a trade war "truce" between the leaders had been reached, the messaging from the White House that followed seemed to only muddy the waters. [Full Article...]

Fiat Chrysler to put assembly plant in Detroit area

Fiat Chrysler to put assembly plant in Detroit area The Detroit News reported Thursday that Fiat Chrysler plans to reopen a former engine plant on the city's east side to build SUVs with three rows of seats, starting with the 2021 model year. Sales of the Ram line jumped 44 percent, but sales of Chrysler cars and minivans slumped 21 percent. FCA and Detroit officials are being very tight-lipped about the news . [Full Article...]

Altria, Marlboro maker, takes big stake in marijuana company Cronos

Altria, Marlboro maker, takes big stake in marijuana company Cronos Tobacco giant Altria Group will invest $2.4 billion in Canadian cannabis producer Cronos group for a 45-per-cent ownership stake as the global market for legal pot continues to grow. It's a logical fit, because "big tobacco knows how to cultivate crop, knows how to deal with regulators, they are at the forefront of vaporization technology, and they also arguably have less reputational risk tha... [Full Article...]

Treasury yield curve inversion sparks recession fears

Treasury yield curve inversion sparks recession fears Treasury yield curve fans worries about a recession, and on growing doubts that Washington and Beijing will be able to clinch a substantive trade deal during a temporary cease-fire agreed at the weekend. In other words, bond holders were okay with being paid less to tie up their money longer with the US government. Whatever the situation with the Fed and the USA markets, emerging markets ma... [Full Article...]

China swings to trade action as 'tariff man' increases pressure

China swings to trade action as 'tariff man' increases pressure The United States said Monday it will need to see "something concrete" from China in the next 90 days to build a real agreement on trade, two days after Donald Trump and Xi Jinping called a truce in the escalating confrontation between the two economic powerhouses. [Full Article...]

Trump panel seeks higher postal shipping rates after Amazon feud

Trump panel seeks higher postal shipping rates after Amazon feud President Trump has sharply criticized the Postal Service for undercharging companies for package delivery - specifically e-commerce giant Amazon . "The USPS is on an unsustainable financial path which poses significant financial risk to American taxpayers", said Treasury Secretary Steven T. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43  Next »