Money

Facebook temporarily pulled Elizabeth Warren's ads calling to break up the platform

Facebook temporarily pulled Elizabeth Warren's ads calling to break up the platform According to Facebook, Warren's ad campaign violated Facebook's policy of using the social media giant's corporate logo. The argument bears a striking resemblance to arguments made by Republican politicians regarding Facebook's ability to remove or censor content with which they disagree, a complaint on the right that is generally treated like a whiny conspiracy by the left. [Full Article...]

Barclays predicts Facebook Coin might generate 19 billion in revenue

Barclays predicts Facebook Coin might generate 19 billion in revenue In the note issued today and originally reported by CNBC , Sandler gave both an upper and lower estimate of the opportunity presented by the launch of the new digital currency . The analyst based his estimation on the success that Google has seen with its digital distribution service, Google Play . According to him, Google gets at least $6 United States dollars per user with the program and... [Full Article...]

FCA to recall almost 900,000 vehicles that don't meet emissions standards

FCA to recall almost 900,000 vehicles that don't meet emissions standards In January, Fiat Chrysler agreed to pay $800 million to settle claims from the U.S. Department of Justice and California alleging that it used illegal software to subvert diesel emissions tests, but a criminal probe is ongoing. The company's share price plunged by more than two percent following the EPA's announcement before recovering slightly, to about 0.8 percent down from opening price... [Full Article...]

Kier reveals higher debts in revised statement

Kier reveals higher debts in revised statement In a surprise statement this morning Kier revealed it had revised up its average net debt for the six months to December by £50m after revisiting how it booked certain assets. Chairman Philip Cox has been appointed the executive chairman and he, along with finance director Bev Dew and chief operating officer Claudio Veritiero, will oversee the company's operations until a new chief executive is ... [Full Article...]

Verizon Announces First 5G Cities, And This Is How Much You'll Pay

Verizon Announces First 5G Cities, And This Is How Much You'll Pay The 5G Moto Mod only works with the Moto z3 , and will available exclusively to Verizon customers in the U.S. "5G Mobility service in Chicago and Minneapolis, and all Verizon 5G services going forward, use the NR standard developed by the 3rd Generation Partnership Project (3GPP)", Verizon's press release said. [Full Article...]

Dick's Sporting Goods to stop selling guns in 125 stores

Dick's Sporting Goods to stop selling guns in 125 stores The announcement, coupled with continuing declines in same-store sales, jarred investors. The company's stock was down about 10 percent on Tuesday morning. The company reported a 3.7 percent fall in comparable sales in the fourth-quarter ended February 2, hit by weakness in its hunting and electronics categories. [Full Article...]

Tesla's Elon Musk vs. the SEC: Did he violate a court order?

Tesla's Elon Musk vs. the SEC: Did he violate a court order? The recently unveiled $35,000 Model 3 - Tesla's cheapest vehicle yet - will not be affected by the price hike. Tesla said the increase is to cover the cost of keeping more of its physical stores open. Tesla also announced Monday that it had purchased car-hauling trucks and trailers from a California company in a stock deal worth about $14.2 million. [Full Article...]

Nissan's Infiniti to exit western Europe early next year

Nissan's Infiniti to exit western Europe early next year It's a second blow for the factory in as many months after the Japanese company confirmed in early February that it had cancelled plans to build the next-generation Nissan X-Trail SUV at the British facility . "The commercial reality for Infiniti in western Europe is that there is simply no visibility of a viable and sustainable business, especially given the regulatory challenges", he added. [Full Article...]

Son’s tweet of ‘sad’ dad at new but empty doughnut shop sends community flocking for tasty treats

Son’s tweet of ‘sad’ dad at new but empty doughnut shop sends community flocking for tasty treats It didn't take long for By's photos to spread on social media, with others sharing the tweet in an effort to rally the community. Billy then snapped a photo of his sad dad behind the shop counter and posted it to Twitter along with the address in hopes that it would spur sympathetic followers to stop by for a snack. [Full Article...]

Tesla raises prices as Musk backtracks on closing stores

Tesla raises prices as Musk backtracks on closing stores Tesla touted that move as a time and money saver, with the company passing on a 6 percent savings to the buying customer. But in an update the company said that over the past two weeks it had been "closely evaluating every single Tesla retail location" and had " decided to keep significantly more stores open than previously announced". [Full Article...]

Nvidia outbids Microsoft, Intel to acquire chipmaker Mellanox for $6.9 billion

Nvidia outbids Microsoft, Intel to acquire chipmaker Mellanox for $6.9 billion The agreement, which the companies described as "definitive", follows a competitive bidding process which according to sources familiar with the matter, included rival chipmakers such as Intel. The tie-up also builds on efforts at Nvidia and Mellanox to get out of the cutthroat business of selling chips and into the more profitable business of selling complete systems, said Bob Wheeler, a principa... [Full Article...]

Court denies Ghosn's request to attend Nissan board meeting

Court denies Ghosn's request to attend Nissan board meeting Some at Nissan had been unhappy with Ghosn's push for a deeper tie-up, including possibly a full merger. If Ghosn's request had been approved, he would have been expected to dial into the meeting via teleconference, given the conditions of his bail, according to a person familiar with Nissan's thinking. [Full Article...]

Theresa May in last-minute bid for Brexit breakthrough

The motion is due to be tabled later on Monday, alongside the publication of the documents setting out the deal, including the Withdrawal Agreement and Political Declaration agreed in November. Mrs May has been told by Brexiteers that rejection of the Withdrawal Agreement is "inevitable" unless there are significant changes to the Northern Ireland backstop. [Full Article...]

European Union Will Punish Britain For Delaying Brexit By Demanding Billions More

European Union Will Punish Britain For Delaying Brexit By Demanding Billions More There are a few hard-core "Brexiteer" members of Parliament in May's Conservative Party who support leaving the European Union with no deal, and a recent poll showed a majority of the party's rank-and-file members agree . With talks in Brussels making little progress, Downing Street was trying to limit the damage of what threatens to be a disastrous week for Mrs May, with the prospect of multiple... [Full Article...]

Ethiopian Airlines plane with 157 people on board crashes minutes after take-off

Ethiopian Airlines plane with 157 people on board crashes minutes after take-off Environment Assembly is set to begin on Monday in Kenya's capital, where the plane was headed. The aircraft model was the same as that of the Lion Air plane that crashed into the Java Sea last October . One customer at Southwest Airlines, which has more 737 Max jets on order than any other carrier, changed flights to another aircraft after discovering the plane was a 737 Max. [Full Article...]

The Unemployment Rate Can Only Go So Low

The Unemployment Rate Can Only Go So Low Wages were up 3.4 per cent from February 2018. The government shutdown only mildly affected the establishment report and had no impact on the jobs number, due to the Bureau of Labor Statistics's methods. Treasuries plummeted after the release of the data. "The reality is the economy is slowing". "To be sure, the aches and pains associated with the aging economic recovery are beginning to... [Full Article...]

Victoria near lowest unemployment rate in Canada last month, Stats Canada

Victoria near lowest unemployment rate in Canada last month, Stats Canada Canada's economic growth slowed sharply in the fourth quarter of 2018 on plunging Canadian crude export prices. "We're going to continue to do stuff like this to generate more employment, to continue to invest in infrastructure generally and continue to fight to get the pipeline to tidewater in order to build that level of investor confidence that will move us forward". [Full Article...]

Norway’s trillion-dollar sovereign wealth fund to sell oil stocks

Norway’s trillion-dollar sovereign wealth fund to sell oil stocks Norway's own oil company, Equinor ASA , is also increasing renewable energy investments, and even recently changed its name from Statoil. Companies involved in downstream operations, such as distribution and refining, and, more importantly, integrated companies which do both down- and upstream - such as giants ExxonMobil, Shell, BP and Total - will not be affected. [Full Article...]

Tesla Investors Sue to Stop Musk Tweeting About the Company

Tesla Investors Sue to Stop Musk Tweeting About the Company Tesla will stop selling the lowest-range versions of its Model S sedans and Model X SUVs from Monday, the electric auto maker's CEO Elon Musk said. Nio made 8,069 in the final period - nearly twice as many in the third - and delivered 7,980, 144 percent more than the previous quarter. If the Chinese EV market expands fast enough, companies like Nio will hardly be affected. [Full Article...]

China Trade Deal Must Be 'Very Good,' or No Deal

China Trade Deal Must Be 'Very Good,' or No Deal Last year, the USA had recorded an overall trade deficit surge of 12.5 percent to $621.0 billion, the nation's largest deficit figure since 2008. Top-level negotiators have met three times in an attempt to reach an agreement before next week, when additional tariffs could be levied on Chinese goods entering the USA as a truce period expires. [Full Article...]


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