Business

Amazon keeps your Alexa audio files even after your delete it

Amazon keeps your Alexa audio files even after your delete it It also began rolling out a pair of Alexa commands that allows you to delete voice recordings without using its website. Amazon's response to privacy allegations Amazon didn't directly accept the allegations but responded that there was a bug and Amazon has since fixed the issue. [Full Article...]

Deutsche Bank to axe 18000 jobs

Deutsche Bank to axe 18000 jobs Last week, the head of Deutsche's investment bank Garth Ritchie agreed to step down, marking a sign of the division's waning influence. Including the charges related to the restructuring described above, Deutsche Bank expects to report a second quarter 2019 loss before income taxes of approximately Euro 500 million and a net loss of Euro 2.8 billion. [Full Article...]

Job Growth in the US Started Rising After Trade War

Job Growth in the US Started Rising After Trade War The Bureau of Labor Statistics reported Friday that the USA economy added 224,000 jobs during the month of June, blowing past estimates for 160,000 jobs. While the expansion is the smallest and slowest on record, its consistency is a sign that the post-recession economy has staying power. Fed officials are considering whether their short-term benchmark rate, which has been in a range of 2.25% ... [Full Article...]

Erdogan Ousts Central Bank Chief Who Drew Ire for Holding Rates

Erdogan Ousts Central Bank Chief Who Drew Ire for Holding Rates Turkey's inflation rate has also fallen recently, which may allow the central bank to consider cutting interest rates. Previously a deputy governor, Uysal replaces Murat Cetinkaya as the bank's governor, a presidential decree says. A press conference was planned "in the coming days". The central bank has kept its benchmark rate unchanged since it increased the rate by 625 basis points to 24%... [Full Article...]

Jeff Bezos and Ex-Wife MacKenzie Finalize Divorce with $38 Billion Settlement

Jeff Bezos and Ex-Wife MacKenzie Finalize Divorce with $38 Billion Settlement MacKenzie Bezos becomes the 20th wealthiest billionaire on the 2019 Forbes Rich List, ahead of Telsa's Elon Musk and Alibaba founder Jack Ma . He will remain the world's richest person , according to Bloomberg . She has also signed the Giving Pledge in May, which is a promise to donate half her fortune to philanthropic causes. [Full Article...]

Tesla Reports Record Deliveries And Production in Q2

Tesla Reports Record Deliveries And Production in Q2 The top five: Tesla Model 3: 67,650 units; Tesla Model X: 9,000; Chevrolet Bolt EV: 8,281; Tesla Model S: 7,225 and Nissan Leaf: 6,008. With a score of 96 per cent in the "Adult Occupant" category and a score of 86 per cent in the "Child Occupant" category, the Tesla comes in at #5 in both categories for family vehicles, and is only bested by the Toyota Rav4 hybrid in the latter class ... [Full Article...]

London jobless rate declines in June amid shrinking labour force

London jobless rate declines in June amid shrinking labour force Wage gains accelerated to the fastest in more than a year.The fact the labor market hasn't pulled back should bolster confidence in the sustainability of the current economic rebound and ease pressure on the Bank of Canada to cut interest rates, even if other central banks ease policy. [Full Article...]

Stock Market Outlook: S&P 500 Returns When the Fed Cuts Rates

Stock Market Outlook: S&P 500 Returns When the Fed Cuts Rates U.S. construction employment rose by 21,000 jobs last month after gaining 5,000 in May, while government payrolls rebounded by 33,000 after shedding 11,000 jobs in May. "We think the Fed is still on track for a 25 basis points cut given trade uncertainty and the steady downtrend in business sentiment", said Andrew Schneider, a USA economist at BNP Paribas Securities in NY. [Full Article...]

US job growth accelerates, July rate cut still expected

US job growth accelerates, July rate cut still expected The losses in the USA market followed broad dips in European equities after German data showed industrial orders had fallen far more than expected in May, and a warning from the economy ministry that this sector of Europe's largest economy was likely to remain weak in the coming months. [Full Article...]

Tesla Smashes Delivery Record With 95,200, Stock Up 7%

Tesla Smashes Delivery Record With 95,200, Stock Up 7% In the quarter (April-June 2019), Tesla produced new 72,531 Model 3 sedans and delivered 77,550 of those. The figures confirm the expectations set by Tesla CEO Elon Musk in an email that surfaced last week. It will have to average more than 100,000 units per quarter in the second half to reach the low end of the range. The company previously said it expects to deliver 360,000 to 400,000 ... [Full Article...]

Two top Australian lenders do not pass on rate cut to customers

Two top Australian lenders do not pass on rate cut to customers The global investor spotlight will move to USA non-farm payrolls data due on Friday, which economists expect to have risen by 160,000 in June, compared with a 75,000 increase in May. "The problem the big four have now is their online savings rates are at 0.3% - there's not much distance to go anymore". But the bank will only pass on 0.19% of the 0.25% to owner occupied principal and Interest St... [Full Article...]

Lee Iacocca Dead at 94

Lee Iacocca Dead at 94 The turnaround and Iacocca's bravado made him a media star. He will go down in history as being the driving force behind the original Ford Mustang , which turned out to be an vast commercial success despite the small budget available during the development phase. [Full Article...]

Dow, S&P 500, Nasdaq end at records ahead of July 4 holiday

Dow, S&P 500, Nasdaq end at records ahead of July 4 holiday The third record high close in as many days also pushed the index closer to breaching the 3,000 mark. The trade truce leaves 25 per cent import taxes imposed by the USA on US$250-billon of Chinese imports in place. The electric auto maker has been struggling to meet production promises and to consistently make money. The author has made every effort to ensure accuracy of information provided; ho... [Full Article...]

Korea Inc. on its own to weather Japan’s export embargo

Korea Inc. on its own to weather Japan’s export embargo The tighter export curbs due to go into effect will target three materials: fluorinated polyimides , photoresists and hydrogen fluoride. "After reviews by relevant ministries, it must be said that the relations of trust between Japan and South Korea have been significantly harmed", the statement added. [Full Article...]

Oil prices slip as demand worries outweigh OPEC supply cuts

Oil prices slip as demand worries outweigh OPEC supply cuts Zangeneh said to reporters in Vienna following the 176th OPEC Meeting. Members of the Organization of the Petroleum Exporting Countries (OPEC) should have unity among themselves, Iran's Oil Minister Bijan Zanganeh was quoted as saying on Monday, adding that Tehran backed cooperation with non-OPEC oil exporter states. [Full Article...]

Xi Deal to Revive Trade Talks Encourages Investors

Xi Deal to Revive Trade Talks Encourages Investors At the Group of 20 meeting in Osaka, Japan , Trump and Xi agreed to a cease-fire in the trade conflict. But Kudlow assessed that "the last 10 percent could be the toughest", with such unresolved issues as cyberattacks, Chinese demands that US companies turn over proprietary technology they use, Chinese government support for its companies and the sale of USA technology components to the g... [Full Article...]

AVAS: Electric vehicles must now make artificial sounds

AVAS: Electric vehicles must now make artificial sounds Starting today, all new electric cars and low-emission vehicles will have to produce a certain level of noise. From today, every new four-wheel electric vehicle is required to be fitted with the device, which is supposed to sound like a traditional engine. [Full Article...]

OPEC set to extend oil supply cuts as Iran endorses pact

OPEC set to extend oil supply cuts as Iran endorses pact Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna. Brent crude futures were increased by more than 2.2 percent to $66.22 per barrel. Oil prices were up on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at t... [Full Article...]

South Korea Summons Japanese Envoy to Protest Restrictions on Exports

South Korea Summons Japanese Envoy to Protest Restrictions on Exports Arguably imitating President Trump when it comes to using trade policy and restrictions as part of a broader negotiating tactic, Japan is seemingly attempting to strong-arm South Korea over the issue by restricting supply to one of its biggest and most important companies. [Full Article...]

Target Announces ‘Deal Days,’ Its Own Version of Amazon’s Prime Day

Target Announces ‘Deal Days,’ Its Own Version of Amazon’s Prime Day Amazon is offering "early Prime Day " savings on some private label grocery items . Target is fighting back against the expanded Amazon Prime Day by stretching its own shopping holiday to cover the same 48-hour period, July 15 and 16. [Full Article...]


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