Business

Apple CEO Tim Cook Wades Into Supreme Court Fight Over DACA

Apple CEO Tim Cook Wades Into Supreme Court Fight Over DACA I am not comfortable with the idea that a private group creates a competing currency. Cook suggests that while private companies can enter the payment business, creation of money should not be part of their goals. In an interview with weekly news magazine Stern , Cook talked local developers, iPhone pricing, and Apple TV+. Apple has quietly been lobbying the halls of Congress on various asp... [Full Article...]

These 2 numbers in the September jobs report should rattle Trump's psyche

These 2 numbers in the September jobs report should rattle Trump's psyche Unemployment among Caucasians and men declined to 3.2 percent last month, the report said , while African Americans showed the highest unemployment rate, at 5.5 percent. The retail industry lost 11,000 jobs. A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they can not find full-time employment, declined t... [Full Article...]

National Taco Day at Taco Bell 2019

National Taco Day at Taco Bell 2019 So be sure to try ALL of their various taco concoctions because they will be $1.00 each all day. The ad campaign was nicely done, and it certainly made me want to head to Taco Bell for some of those tacos, especially the Doritos Locos Tacos, which are my personal favorite. [Full Article...]

RBI cuts repo rate by 25 bps to 5.15%

RBI cuts repo rate by 25 bps to 5.15% The RBI monetary policy committee , which has reduced the rate at which the RBI lends money to commercial banks to 5.15 per cent, said recent measures announced by the government were likely to help strengthen private consumption and spur private investment activity. [Full Article...]

Tesla deliveries miss Wall Street estimates; shares fall 6%

Tesla deliveries miss Wall Street estimates; shares fall 6% Most of the vehicles Tesla put out in the quarter were its standard Model 3 , which accounted for 79,600 of its deliveries, short of analysts' expectations of more than 80,000. While production problems initially hampered sales, some investors now worry about soft demand for the vehicle, as well as waning sales of its higher-end vehicles that are more profitable for Tesla. [Full Article...]

Manufacturing output falls again, reports ISM

Manufacturing output falls again, reports ISM They are their own worst enemies, they don't have a clue. A reading of above 50 points indicates expansion, while a reading below 50 indicates a contraction. Meanwhile, business investment in the second quarter declined at the fastest rate since the final quarter of 2015, and GDP in the second quarter grew at a rate of 2% - below the 2.6% seen throughout the first half of 2019. [Full Article...]

Wall St hits fresh one-month low at open on growth worries

Wall St hits fresh one-month low at open on growth worries Those fears increased bets that the Federal Reserve will cut rates this month. Investors seeking shelter piled money into government bonds, sending yields lower. The duo of weak readouts led to a resurgence of concern on Wednesday that the US economy could be bound for a slowdown as the US-China trade war weighs on producers. [Full Article...]

General Motors Targets Mexico Plant Amid UAW Crisis

General Motors Targets Mexico Plant Amid UAW Crisis Hundreds of workers in St. Catharines are feeling the pinch as the American strike has caused layoffs here. General Motors idled a plant in Guanajuato , Mexico , temporarily laying off 6,000 workers, amid a strike by the United Auto Workers union that is pushing into its third week . [Full Article...]

USA calls for WTO meeting to fast-track tariffs on EU

USA calls for WTO meeting to fast-track tariffs on EU The ruling , the largest in WTO history, paves the way for the White House to impose tariffs and add to trade tensions in the global economy. The EU has introduced "rebalancing" tariffs on about 2.8 billion euros ($3 billion) of USA steel, agricultural and other products. [Full Article...]

U.S. factory gauge hits a 10-year low as global slowdown widens

U.S. factory gauge hits a 10-year low as global slowdown widens In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. "Job losses are widespread across the sector as its continued weakness has seen employment fall at the most severe rate since the peak of the Global Financial Crisis". [Full Article...]

Will October usher in softer auto fuel prices?

Will October usher in softer auto fuel prices? Besides the 17% GST, the petroleum levy ranging from Rs14 to Rs18 per litre is being charged on petrol and diesel and Rs3-6 per litre on kerosene and light diesel oil. Diesel prices have increased by - 16 paisa in Delhi, 10 paisa in Kolkata, 12 paisa in Mumbai and 11 paisa in Chennai. Brent crude price in the worldwide market stood at $59.70 per barrel on September 30, 2019, down from $60.14... [Full Article...]

Forever 21 latest retailer to file for bankruptcy

Forever 21 latest retailer to file for bankruptcy The company then went on to assure customers they expect a significant number of stores to remain open and operate as usual. Forever 21's Canadian store closures will leave approximately 880,000 square feet of empty retail space across the country. [Full Article...]

BitFlyer Europe and US announce new altcoins available on Buy/Sell platform

BitFlyer Europe and US announce new altcoins available on Buy/Sell platform Bitcoin experienced a massive 15% drop while other altcoins suffered the same blow with double-digit declines accounting for much of the cryptocurrency crash on Tuesday. "What we've just seen is short-sellers and momentum traders piling on to make things worse, and now here we are back at support". The margin lender requests that the investor deposit additional money or securities to cover the ... [Full Article...]

Doordash data breach hits nearly 5 million customers

Doordash data breach hits nearly 5 million customers Around 4.9 million DoorDash users have been affected in the breach , which saw personal information including names, physical addresses, phone numbers, email addresses and even order history accessed illegally. For further information, you can see DoorDash's FAQ page. Approximately 100,000 Dashers , or those employees who deliver food for the company, had their driver's license numbers accesse... [Full Article...]

Income inequality in the U.S. reached a record high past year

Income inequality in the U.S. reached a record high past year The data is compiled to estimate the foreign-born U.S. population. Income disparity is compounding over the US indeed, even as the economy broadens the longest development in the nation's history. But it moved from 0.482 in 2017 to 0.485 in 2018. The gap between the haves and have-nots in the United States grew previous year. USA median household income has never been higher, coming in at $6... [Full Article...]

General Motors reverses decision, agrees to pay healthcare coverage to UAW

General Motors reverses decision, agrees to pay healthcare coverage to UAW Investors say "they aren't all that anxious because they see the strike as short-term pain that will pay off with lower long-term employee costs". "It's outrageous that they used health care as leverage over striking workers, but now that their brand takes a hit they restore it", added a union source close to the negotiations, who is not allowed to comment publicly. [Full Article...]

Endeavor Cuts Price Of IPO In Final Day Before Going Public

Endeavor Cuts Price Of IPO In Final Day Before Going Public Led by CEO Ari Emanuel and executive chairman Patrick Whitesell, Endeavor is pitching itself to Wall Street as far more than a talent management concern. The surprise postponement of the WeWork IPO has underscored how confidence is eroding in the market both for companies looking to raise capital and investors. [Full Article...]

Most vaping-related lung injuries linked to marijuana products — CDC

Most vaping-related lung injuries linked to marijuana products — CDC Several states - including Rhode Island, Massachusetts and MI - have all explored banning and temporarily banning vape products. The number of vaping-related lung-injury cases stands at 805, up from 530 reported a week earlier, the CDC said Thursday . [Full Article...]

Tesla's latest software introduces new 'Car-aoke' function and connects to Netflix

Tesla's latest software introduces new 'Car-aoke' function and connects to Netflix As a point of reference, Tesla during the fourth quarter of 2018 delivered 90,700 units, which is to say the company might see a delivery increase of more than 10% in under a year. Tesla Arcade: " Cuphead ", Studio MDHR's run-and-gun action game, is now available in a special Tesla edition. If you love singing along to your favorite songs, Tesla is also rolling out "Caraoke", an in-c... [Full Article...]

Police Tesla runs low on juice during high-speed chase

Police Tesla runs low on juice during high-speed chase She said the Tesla had performed well in a previous chase. "If someone else is able, can they maneuver into the number one spot?" However, before another officer could take over for Hartman, the chase was called off as a result of the wanted individual driving in the shoulder lanes after coming upon heavy highway traffic. [Full Article...]


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