Money

Electric truck maker Rivian gets $700M investment, led by Amazon

Electric truck maker Rivian gets $700M investment, led by Amazon Rivian , the startup manufacturer planning to launch an all-electric pickup truck and an electric SUV, announced Friday it has received a $700 million equity investment that is led by internet giant Amazon . Rivian founder and chief executive R.J. Scaringe referred to the investment round as an important milestone for the startup on a road to "sustainable mobility". [Full Article...]

Airbus to end production of A380, world's biggest airliner

Airbus to end production of A380, world's biggest airliner Airbus's decision is good news for rival Boeing . Emirates has also made a decision to continue growing with Airbus' newest generation, flexible widebody aircraft, ordering 40 A330-900 and 30 A350-900 aircraft. The A320 is a narrow-body jet which in December had been ordered by more than 70 airlines, and is now used by the likes of American Airlines, Lufthansa, China Eastern Airlines and Chin... [Full Article...]

Before You Sell Consider this Article? Berkshire Hathaway Inc. (BRK-B)

Before You Sell Consider this Article? Berkshire Hathaway Inc. (BRK-B) The mathematical calculation that represents the degree of change over time is known as "percentage change". During last 12 month it moved at 6.08%. The EBITDA Yield for Berkshire Hathaway Inc. A company can "Meet" the same earnings as forecast, "Beat" the earnings than forecast, or "Miss" (fall below) the earnings than forecast. This is one of the most popular methods investors use to eva... [Full Article...]

Injured During 'Insane' Turbulence on Delta Flight

Injured During 'Insane' Turbulence on Delta Flight Five people suffered unspecified injuries when a Delta Airlines flight headed from Southern California to Seattle encountered severe turbulence and was forced to make an emergency landing in Reno. The flight departed around 7:40 p.m. and arrived in Seattle at 9:22 p.m., according to FlightAware . Passengers were terrified by turbulence on a recent flight. [Full Article...]

Here's a glimpse inside the Honda Urban EV concept

Here's a glimpse inside the Honda Urban EV concept Interestingly, Honda is no longer referring to the auto as the Urban EV , suggesting there's a new name coming, but the release that accompanies the picture is light on detail. However, the Urban EV is part of Honda's electric vehicle offensive, and it's being developed with an electric powertrain in mind. On the flat horizontal wood trim at the base of the screens, there are buttons for basic fu... [Full Article...]

Bill Gates Has Some Harsh Words for Alexandria Ocasio-Cortez's Tax Plan

Bill Gates Has Some Harsh Words for Alexandria Ocasio-Cortez's Tax Plan He continued, explaining: "They have income that just is the value of their stock, which if they don't sell it, it doesn't show up as income at all, or if it shows up, it shows over in the capital gains side". The top marginal rate is now 37 percent. For the 2014 tax year, the most recent data available from the IRS , the average top tax rate for the 400 Americans with the highest adjusted gros... [Full Article...]

China Trade Talks Set to Open in Beijing

China Trade Talks Set to Open in Beijing The talks, which began with technical negotiations between low-level officials from the two sides, are expected to conclude on Friday. The US had threatened to raise tariffs on $200bn worth of Chinese goods to 25 percent from 10 percent on March 1 if Beijing failed to agree to Washington's demands to amend its trade practices. [Full Article...]

Investigation of Molson Coors Announced by Holzer & Holzer, LLC — SHAREHOLDER ALERT

Investigation of Molson Coors Announced by Holzer & Holzer, LLC — SHAREHOLDER ALERT Holzer, Esq.at cholzer@holzerlaw.com or Marshall P. Dees, Esq.at mdees@holzerlaw.com, or by toll-free telephone at (888) 508-6832 to discuss your legal rights. TAP has been the topic of a number of analyst reports. Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Molson Coors Brewing Company ("Molson" or the "Compa... [Full Article...]

J.P. Morgan Is Launching Its Own Cryptocurrency

J.P. Morgan Is Launching Its Own Cryptocurrency Looking further out, the JPM coin could be used for payments on internet-connected devices if that use for blockchain catches on, Farooq said . While it's no secret that JP Morgan has devoted heavy research into blockchain development, CEO Jamie Dimon has often sought to make a distinction between blockchain technology and cryptocurrency - the latter of which he has frequently bashed. [Full Article...]

Tesla releases Sentry Mode protection against break-ins

Tesla releases Sentry Mode protection against break-ins It said the temperature inside a vehicle can rise nearly 20 degrees in just 10 minutes. Most major vehicle manufacturers would initially confirm this kind of news via a press release, but with Tesla it pays to just keep an eye on Musk's Twitter feed . [Full Article...]

Amazon just canceled HQ2 in NY, and everywhere else too

Amazon just canceled HQ2 in NY, and everywhere else too Rumors surfaced last week suggesting Amazon was considering pulling out of the deal following unexpected pushback . "Now, all of the prospective employees who would have otherwise been hired, all of the small businesses that would have benefited from Amazon's Queens presence and indeed state and local governments looking forward to tax revenues, as well as the broader community, will mis... [Full Article...]

IPhone shipments dive in China

IPhone shipments dive in China Profit was $19.9 billion or $4.18 a share. U.S. research company IDC said about 397.7 million units were shipped in China a year ago, down 10.5 percent from 2017. Despite the fall in demand, Huawei managed to rake in a 23.3% gain in shipments while rivals Oppo and Vivo managed to have modest gains of 1.5% and 3.1% respectively. [Full Article...]

Carlos Ghosn changes to hotshot attorney and a new defense strategy

Carlos Ghosn changes to hotshot attorney and a new defense strategy Junichiro Hironaka, 73, a high-profile defence lawyer with a string of courtroom victories to his name, will represent the auto industry executive who has spent the past three months in detention in Tokyo . Last month Ghosn claimed the allegations of financial misconduct against him were the result of "plot and treason" by Nissan executives opposed to deeper integration between Renault and alli... [Full Article...]

Amazon, GM in talks to invest in electric pickup truck maker Rivian

Amazon, GM in talks to invest in electric pickup truck maker Rivian Tesla now owns 90 percent of the US electric auto market by revenue and 80 percent by unit sales. The Reuters source says the deal could be announced as early as this month but cautions nothing is final yet. GM CEO Mary Barra has said it has given a "tiny bit" of thought to developing all-electric pickups. GM now sells the battery-powered Chevrolet Bolt electric crossover and has promised to ... [Full Article...]

Global oil supply falls in January '19: OPEC

Global oil supply falls in January '19: OPEC OPEC production fell to a four-year low in January as the cartel applied a new pact to boost global oil prices, the International Energy Agency said Wednesday, but Russian Federation and other ex-Soviet states failed to cut back output as much as promised. [Full Article...]

New £81k Range Rover Sport HST gets mild-hybrid power

New £81k Range Rover Sport HST gets mild-hybrid power The efficiencies and mild electrification help improve fuel economy over the previous supercharged V-6 engine by about 20 percent. This allows the system to harvest energy through regenerative braking and store it in a 48V battery for later use, such as when pulling away from a standing start. [Full Article...]

Mitsubishi previews 2020 Outlander Sport ahead of Geneva

Mitsubishi previews 2020 Outlander Sport ahead of Geneva Two- and four-wheel drive versions will be available. 2020 models get the RISE impact safety body and Forward Collision Mitigation braking system. The most notable revision is at the front, where the ASX gets a new face that better follows its latest "Dynamic Shield" philosophy. [Full Article...]

Bezos’ investigators conclude mistress’ brother is source behind leak

Bezos’ investigators conclude mistress’ brother is source behind leak Michael Sanchez did not immediately respond to a message seeking comment on Monday. He suggested the Enquirer coverage was politically motivated as Mr Pecker is a close friend of Donald Trump, while Mr Bezos owns The Washington Post , which the USA president believes has a vendetta against him. [Full Article...]

Former Attorney General Jody Wilson-Raybould resigns from cabinet

Former Attorney General Jody Wilson-Raybould resigns from cabinet The specific claims under investigation are that Justin Trudeau's office pressured Wilson-Raybould to assist SNC-Lavalin in getting a plea deal. Sign Up to our Newsletter for exclusive content, contests, and perks. Liberals, who hold the majority on the committee, appear to be open to conducting an investigation. Since these allegations came out last week , Justin Trudeau has claimed that... [Full Article...]

Man disguises himself in 'Scream' mask to accept $158.4 million lotto check

Man disguises himself in 'Scream' mask to accept $158.4 million lotto check The ghoulish victor picked up a cheque for a whopping $158.4 million in the Super Lotto jackpot, though this sum is considerably less whopping when you convert it from Jamaican dollars to USA dollars ($1.17 million / £907,000). The man won the lottery almost two months ago, but said he was sick and didn't collect the jackpot until now. 'So I'm looking at things that can turn over the money. [Full Article...]


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