Business

Tesla Crashes Into Fire Truck While Reportedly on Autopilot

Tesla Crashes Into Fire Truck While Reportedly on Autopilot The driver claimed that the auto was in its semi-autonomous Autopilot mode when the accident occurred. The California Highway Patrol said in a tweet that the man's blood alcohol level was twice the legal limit. In other words, the system is only created to reduce the driver's workload by taking over repetitive and mundane tasks like staying in the lane and avoiding other moving cars. [Full Article...]

Cruise passenger dies after balcony fall

Cruise passenger dies after balcony fall The search continued Monday morning for a passenger who fell overboard while sailing on a Carnival Cruise Line ship out of New Orleans . It is not the first time passengers have died aboard a Carnival Cruise Line ship. The Valor and Carnival Glory, which will be replacing the Carnival Dream in New Orleans , will be carrying almost 400,000 on cruises out of the city starting in 2019, the websit... [Full Article...]

IPhone X production may end later this year, says analyst

IPhone X production may end later this year, says analyst The iPhone 8 and 8 Plus will be discounted once the new devices are released. The reasoning behind this is that if Apple sold the iPhone X for $899 starting in September, then it could impact the sales of the apparent 6.1-inch LCD iPhone that is predicted to launch this year. [Full Article...]

Amazon opens first automated supermarket, Amazon Go, in Seattle

Amazon opens first automated supermarket, Amazon Go, in Seattle While the cameras are doing much of the heavy-lifting, every shelf in store also contains a collection of sensors and scales noting down exactly how much each item weighs. Ready-to-eat lunch items greet shoppers when they enter . The store stocks a range of food items, including readymade meals, store cupboard essentials, and Amazon Meal Kits. [Full Article...]

International Monetary Fund improves forecasts for world growth in 2018 and 2019 to 3.9%

International Monetary Fund improves forecasts for world growth in 2018 and 2019 to 3.9% The global economy is now expected to grow 3.9 percent this year and next, two-tenths higher than the previous estimate, and up from 3.7 percent in 2017. The findings also show that most of the stimulus can be attributed to the reduction of the corporate tax rate to 21 percent. According to the IMF , Mexico's economy will experience an additional 0.4 percent growth this year and 0.7 percent growt... [Full Article...]

Crude oil price outlook for 2018

Crude oil price outlook for 2018 The IEA report said that "the stage was set for a strong [US] expansion previous year when non-OPEC supply, led by the US.pushed up world production", to offset output cuts by the Organization of the Petroleum Exporting Countries and other producers. [Full Article...]

West Ham boss Moyes delighted with goalscorer Chicharito

West Ham boss Moyes delighted with goalscorer Chicharito West Ham couldn't make it two Premier League wins in a row as it drew 1-1 with Bournemouth at the London Stadium. A share of the spoils was just about right. "Chicharito needs those sort of opportunities and we need to get more of the ball in the box". We'll get it scanned tomorrow. Neither side was able to find a victor in the closing stages, but an injury to Cresswell in stoppage time mea... [Full Article...]

Banks Launch £300M Fund To Help Firms Hurt By Carillion

Banks Launch £300M Fund To Help Firms Hurt By Carillion It is thought that up to 30,000 smaller firms may be owed money by Carillion. "That takes time", GMB General Secretary Tim Roache told BBC radio. 'There is an exercise going on to make sure that all the contractors are identified, that they are given assistance from the banks, which is very important, but also - because most of these contracts are profitable - that they can be reassigned and can... [Full Article...]

Take the Trump test: are you fit to be United States president?

Take the Trump test: are you fit to be United States president? Mr Trump, 71, is known to enjoy high-fat foods like fried chicken, hamburgers and steak - and, while he plays golf, he does not have a daily exercise routine. The standard version of the test is "pretty good" but "not definitive", Dr Ronald Petersen, an Alzheimer's disease expert at the Mayo Clinic in Rochester, Minnesota, told Reuters . [Full Article...]

Djokovic sails into Australian Open pre quarters, Sharapova out

Djokovic sails into Australian Open pre quarters, Sharapova out The 17th-seeded Keys, who lost in the U.S. Open final previous year to Sloane Stephens, saved three break points serving for the match, finally clinching it on her first match point when Bogdan netted a backhand. In other women's third-round matches, sixth-seeded Karolina Pliskova beat Lucie Safarova 7-6 (6), 7-5 and No. 8 Caroline Garcia beat Aliaksandra Sasnovich 6-3, 5-7, 6-2. [Full Article...]

Brokerages Set Independence Realty Trust Inc (IRT) Price Target at $11.25

The NYSE listed company saw a recent bid of 122.33 and 256254 shares have traded hands in the session. Cedar Realty Trust, Inc is a real estate investment trust (REIT). The rating was upgraded by Credit Suisse to "Outperform" on Monday, October 12. During the past six months, Digital Realty Trust, Inc. (NYSE:EDR) earned "Sell" rating by Goldman Sachs on Thursday, December 3. [Full Article...]

U.S. oil output is booming and seen outpacing Saudis, Russia

U.S. oil output is booming and seen outpacing Saudis, Russia What seems to be happening now is that oil prices are at a three year high but rising at speeds that no one anticipated. OPEC and Russian officials are set to meet in Oman on Sunday for a joint ministerial monitoring committee to verify how closely countries are adhering to the agreed production cut of 1.8 million bpd. [Full Article...]

Latest News Update On South Korean Government and Bitcoin cryptocurrency

Latest News Update On South Korean Government and Bitcoin cryptocurrency Bitcoin skidded a further 12 per cent today, marking an nearly halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed a year ago. Less than two weeks ago, the cryptocurrency market reached an all-time high above $830 billion, before fears that South Korea, China, and Russian Federation were all mulling cra... [Full Article...]

Amazon increases monthly Prime membership fee

Amazon increases monthly Prime membership fee The Amazon Prime Video series will be a prequel to the iconic trilogy of films directed by Peter Jackson. Amazon .com Inc. said existing monthly members will start paying the higher fees next month. Maisel - all included with Prime Video ", the company wrote. Subscribers get access to free two-day shipping on millions of products, as well as discounted rates on next-day shipping. [Full Article...]

Johnson dreaming of Augusta in Abu Dhabi

Johnson dreaming of Augusta in Abu Dhabi In the PGA Tour's year-opening Tournament of Champions in Hawaii, the American almost aced a 433-yard par-4 hole en route to winning the champions-only event by a whopping eight shots over Jon Rahm. I probably could have been a bit better again but I'm right in the mix after two days and I'm really happy in that position. "I felt like this golf course suits me pretty well and I like the setup ... [Full Article...]

HSBC to pay $100m in currency rigging settlement

HSBC to pay $100m in currency rigging settlement The bank faces charges of wire fraud but these are likely to be dropped once HSBC fulfills its obligations under the settlement. HSBC added the DoJ had agreed to reduce the fine by 15% after taking into account the bank's cooperation and "extensive remediation" efforts. [Full Article...]

Gov. Cuomo Unveils 2018 Budget Proposal, Calls for Major Change Against Washington

Gov. Cuomo Unveils 2018 Budget Proposal, Calls for Major Change Against Washington Earlier this month in his annual State of the State address, Gov. Andrew Cuomo dropped a hint about about a new revenue scheme he's cooking up for deficit-ridden NY: A payroll tax on employers. "Despite how complicated it may be, I think it's too important to not tackle it head on". I am encouraged by the Governor's statements to increase aid to our high needs school districts. [Full Article...]

Oil Hovers Near Three-Year Highs as Investors Parse Supply Data

Oil Hovers Near Three-Year Highs as Investors Parse Supply Data Iraqi Oil Minister Jabbar Al Luaibi said on Saturday that production curbs have contributed to stability in the market and should remain. Brent oil has risen in price from less than $50 to nearly $70 per barrel over the year. This has led to warnings for a new U.S. production growth, which destroys OPEC's efforts. "They can not afford another price slump". Citigroup Inc ., Societe Generale... [Full Article...]

Watching the Tape Move -0.42% for Costain Group Plc (COST.L)

Watching the Tape Move -0.42% for Costain Group Plc (COST.L) On Friday, August 14 the stock rating was upgraded by Zacks to "Hold". The stock of Britvic plc (LON:BVIC) has "Equal Weight" rating given on Monday, January 8 by Morgan Stanley. 1/15/2018-Numis Securities Reiterated Rating of Buy. The rating was maintained by Wunderlich with "Buy" on Thursday, September 15. The firm has "Sell" rating by Liberum Capital given on Wednesday, December 13. [Full Article...]

Korea's top diplomat to attend Davos forum next week

Korea's top diplomat to attend Davos forum next week In a review article on the 2018 WEF Global Risks Report , Alison Martin, group chief risk officer, Zurich Insurance Group, said the report also reflected concerns over new technology as a driver of inequality, noting that two risks that are closely connected are "adverse consequences of technological advances" and "high structural unemployment or underemployment". [Full Article...]


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