Business

Speaker Stuns Morehouse Grads, to Pay Off $40M Student Debt

Speaker Stuns Morehouse Grads, to Pay Off $40M Student Debt It was one of the best graduation gifts you could ever imagine getting, and an investment in the future of Black America. Smith , a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College - an estimated $40 million. [Full Article...]

MA Adds 4100 Jobs in April, Unemployment Drops to 2.9%

MA Adds 4100 Jobs in April, Unemployment Drops to 2.9% Bureau of Labor Statistics. Iowa's unemployment rate remained at 2.4% in April for the 10th month in a row. Last month, the USA jobless rate dropped to 3.6%. This is down from 4.4 percent last month and down from 4.6 percent in April 2018. State employment hit 5,596,700 in April, up from 5,595,300 in March. [Full Article...]

Iran says tanker sabotage meant to stir conflict

Iran says tanker sabotage meant to stir conflict He said the drones had targeted petroleum pumping stations supplying a pipeline running from its oil-rich Eastern Province to the Yanbu Port on the Red Sea. It quoted the Cabinet as saying that it was the worldwide community's shared responsibility "to preserve maritime safety and oil tankers' security in anticipation of any effects on energy markets and the danger of that on world economy". [Full Article...]

2019 iPhone XR New Color Options Revealed Ahead Of Release

Leaked details of the new colors surfaced last week revealing that Apple will opt for Green and Lavender instead of coral and blue. Fans of these new colors will love the new 6.1-inch 2019 iPhone when it's released soon. Citing "trusted sources in China", leak site SonnyDickson.com has posted a pair of case renders that back up the rumored new design, complete with large, square camera cutouts a... [Full Article...]

Jury Slams Bayer-Monsanto in Latest Roundup Cancer Trial

Jury Slams Bayer-Monsanto in Latest Roundup Cancer Trial The verdict is the third legal defeat in a row for Monsanto, Roundup's parent company, which was acquired by Bayer previous year. It called the jury's decision " excessive and unjustifiable " adding that both Alva and Alberta Pilliod had histories of illnesses that were known risk factors for non-Hodgkin's lymphoma. [Full Article...]

Dow Jones up 300 points after Trump agrees to meet with Xi

Dow Jones up 300 points after Trump agrees to meet with Xi Lyft Inc dropped 5.8 percent and Tesla Inc' shares fell 5.2 percent, the lowest in more than two years. Still, since Beijing's tariff increases only take effect on June 1 and those raised by Washington apply only to goods shipped after May 10, which will take a couple weeks or more to reach the US, there is still time available to find a compromise in the festering dispute over Chinese efforts... [Full Article...]

Saudis halt pipeline after drone attack claimed by Iran-backed rebels

Saudis halt pipeline after drone attack claimed by Iran-backed rebels According to the Arab kingdom's Saudi Press Agency, one of the ships was on its way to transport oil from the Saudi port of Ras Tanura to the U.S when the incident occurred. Meanwhile, the USA has warned it would take military action if Iran acted upon a threat to close the Strait of Hormuz, a strategic energy choke point through which millions of barrels of oil pass through each day. [Full Article...]

China Refuses to 'Surrender to External Pressure' as US Renews Tariff Threat

China Refuses to 'Surrender to External Pressure' as US Renews Tariff Threat They are paid by importers of Chinese goods, usually American companies or the US -registered units of foreign companies. And officials have targeted American companies operating in China by slowing customs clearance and stepping up regulatory scrutiny. [Full Article...]

Trump orders to raise tariffs on $300 bln worth of Chinese goods

Trump orders to raise tariffs on $300 bln worth of Chinese goods Trump, however, said he would prevail in the upcoming election and warned that a trade deal would be "much worse" for China if it was negotiated during his second term. is a sign that it is pinning its hopes on Democratic presidential frontrunner Joe Biden or another one of "the very weak Democrats". China clarified its list of demands before signing an agreement . [Full Article...]

Apple loses at US Supreme Court on iPhone app antitrust suit

Apple loses at US Supreme Court on iPhone app antitrust suit The suit, filed by leading plaintiff Robert Pepper, dates back to 2011. The theory of the lawsuit is that Apple's 30% commission charge to app developers is often passed on to consumers - creating a higher-than-competitive price - and that competitors are shut out because Apple prevents iPhone owners from buying apps anywhere other than its App Store . [Full Article...]

Quebec furniture maker recalls dresser sold in Canada, US after toddler's death

Quebec furniture maker recalls dresser sold in Canada, US after toddler's death And the notice says South Shore knows this because it's received two reports of tip-overs involving children. According to the United States Consumer Product Safety Commission , the recall was issued on Thursday. For additional information, the company can be reached toll-free from 8 a.m.to 5 p.m. ET at 855-215-4932 or online at www.southshorefurniture.com under the "Recall Information" tab. [Full Article...]

Uber's market debut sours - Benchmarking Change - Finance - Strategy - Networking

Uber's market debut sours - Benchmarking Change - Finance - Strategy - Networking While there will be plenty of investors willing to accept short-term losses for long-term gain, Uber and Lyft will have much more competition in the autonomous taxi market than it now has in the ride-share market, including companies like Tesla and Google. [Full Article...]

Uber prices blockbuster IPO conservatively to raise $8.1 billion

Uber prices blockbuster IPO conservatively to raise $8.1 billion The company is hoping to avoid the tumultuous first weeks of trading in rival Lyft Inc., whose shares fell below its $72 IPO price within days of listing and closed 23 percent below that price Thursday. In distributing the stock, Uber prioritized shareholders - particularly institutional investors - that it thinks will hold on to the shares for a long time. [Full Article...]

China prepares retaliation to USA tariffs hike

China prepares retaliation to USA tariffs hike The increase went ahead even as American and Chinese negotiators began another round of talks in Washington aimed at ending a battle that has disrupted billions of dollars in trade and shaken global financial markets. 'I think the Trump administration is quite serious about imposing tariffs, ' Kennedy said. The higher import taxes apply to Chinese goods shipped on or after Friday. [Full Article...]

European Commission predicts a slow down of Croatian economic growth

European Commission predicts a slow down of Croatian economic growth But growth will then rebound to 1.5% in 2020. Those with budget surpluses like Germany and the Netherlands will cut them, the Commission forecast, but those with deficits already close to the European Union ceiling of 3 percent like France and Italy, are likely to break that limit this year or next, setting themselves up for a clash with the European Union executive. [Full Article...]

GM selling Lordstown plant to electric truck company Workhorse

GM selling Lordstown plant to electric truck company Workhorse DeWine said he was told by GM to start up, Workhorse would employ hundreds. Workhorse CEO Hughes said Tuesday the company is making progress in the transition from development to the production. President Donald Trump announced the deal Wednesday morning, May 8, 2019, on Twitter. Workhorse CEO Duane Hughes said the potential agreement for the 50-year-old Lordstown plant "creates a positi... [Full Article...]

Australia's $50 Bill Has a Typo. Nobody Noticed for Months

Australia's $50 Bill Has a Typo. Nobody Noticed for Months The misspelling appears in an extract from her first speech to the Western Australia state Parliament in 1921. The typo misspells the word "responsibility" . RBA Governor Philip Lowe said at the time: "Improved security and ease of recognition underpin the design of the new $50 banknote". The $50 bill, worth $34.90 in United States currency, contains anti-counterfeiting measures including a fly... [Full Article...]

Stock Market Attempts a Rebound in Hopes of a Trade Deal

Stock Market Attempts a Rebound in Hopes of a Trade Deal The countries - the world's two largest economies - have been working on a trade deal since December when Trump and his counterpart Xi Jinping met for a dinner and vowed to find common grounds. But President Trump's new threats indicate new problems have come up. Mark Warner (D-VA) told Yahoo Finance he doesn't think Trump has a strategy - and China should be addressed with an global coalition... [Full Article...]

Stocks slip, bonds rally as US-China trade fears grow

Stocks slip, bonds rally as US-China trade fears grow USA officials have accused China of reneging on commitments made during months of negotiations aimed at ending their trade war. Well, since the U.S. "We just hope they come to fruition quickly". China said Tuesday its economy czar will participate as scheduled. Trump pushed for sweeping changes to China's policies on intellectual property theft, technology transfers industrial subsidies and ... [Full Article...]

Your Uber Is Not Here: Drivers Strike, Rally Nationwide Ahead Of IPO

Your Uber Is Not Here: Drivers Strike, Rally Nationwide Ahead Of IPO Uber has reported that its drivers have earned more than $78.2 billion on the platform since 2015, and $1.2 billion in tips. Today in New York's Lauren Scala also reports on Amazon Go coming to NY and a suit against Conagra foods. Drivers who will be logging off have the backing of labor organizations like the New York Taxi Workers' Alliance , the L.A. -based group Rideshare Drivers Unite... [Full Article...]


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