Economy

Economy Elon Musk: Your Tesla Car Will Soon ‘Follow You Like A Pet’
Author: 0 Elon Musk: Your Tesla Car Will Soon ‘Follow You Like A Pet’

Tesla is already facing a proposed class action shareholder lawsuit claiming that the company and top executives made false statements about the readiness of the Model 3 for volume production. Elon Musk announced on Twitter that Tesla cars will soon be receiving a "Summon" feature through an over-the-air update. Neither Musk nor Tesla admitted wrongdoing in the settlement.

Economy US job growth expected to accelerate with strong wage gains
Author: 0 US job growth expected to accelerate with strong wage gains

Employment costs also rose in Q3, up 0.8 percent for the period, ahead of the estimate of 0.7 percent Wall Street economists projected, a sign that more inflation is ahead. The Conference Board, which produces the gauge, attributed the positive assessment to a strong labor market. But the acceleration in employment growth was likely tempered by Hurricane Michael, which struck Florida in mid-October.

Economy Shares soar as Trump hints at possible US-China trade deal
Author: 0 Shares soar as Trump hints at possible US-China trade deal

The event will be closely watched for any progress in the resolution of the bitter trade dispute between the world's two largest economies. "We talked about many subjects, with a heavy emphasis on Trade", said Trump. The news comes as the volatile trade relations weigh in on the USA stock market, with stocks taking a turn after a rally in world equity markets came to a close and gains reversed on Wall Street.

Economy GM offers buyouts to 18K salaried workers in North America
Author: 0 GM offers buyouts to 18K salaried workers in North America

Those who were given the offer have until November 19 to make a decision, and they would leave the company by the end of the year, he said. Sadly, the news comes right ahead of the holiday season and will certainly cause concern for many families, however, it doesn't appear GM is planning to make any immediate cuts to its workforce aside from the buyouts.

Economy Netanyahu hails Brazil leader’s plan to move embassy to Jerusalem
Author: 0 Netanyahu hails Brazil leader’s plan to move embassy to Jerusalem

An official in Netanyahu's office told Agence France-Presse ( AFP ) the Israeli premier was "very likely" to attend Bolsonaro's inauguration ceremony in January. Supporters of the US move note that Congress passed a law in 1995 recognizing Jerusalem as the capital of Israel, and that the move was the delayed implementation of that law.

Economy Subaru, Toyota recall 165,000 USA cars
Author: 0 Subaru, Toyota recall 165,000 USA cars

The companies said springs in the engine valve could fracture, which could cause the vehicles to stall while driving. According to a report in The Wall Street Journal , Toyota said its vehicles account for around 80,000 of the total. These are Subaru BRZ coupes, Legacy sedans, Outback SUVs, Forester SUVs as well as Impreza sedans and XV crossovers equipped with the FA20 engine or FB20 engine.

Economy Tesla says SEC subpoenaed Model 3 production information
Author: 0 Tesla says SEC subpoenaed Model 3 production information

Tesla said that none of the government agencies within the current probes have found any wrongdoing. In September, Tesla settled a civil lawsuit by the SEC over tweets by Musk that funding was in place to take the company private. The company originally said in its third-quarter earnings call a year ago that it would reach full production of 5,000 Model 3s per week in the first quarter of 2018.

Economy Rotating Canada Post strikes move to P.E.I., Joliette, Que
Author: 0 Rotating Canada Post strikes move to P.E.I., Joliette, Que

Mail will not be collected, processed, or delivered today. "We've had it", said CUPW national president Mike Palecek. Those three facilities process a million parcels a day. Almost 6,000 workers walked off the job Tuesday across Canada, including Montreal, Squamish, Columbia River, Nelson, Weyburn, Sask., and seven Ontario communities.

Economy Oil prices dip on signs of rising supplies
Author: 0 Oil prices dip on signs of rising supplies

They dropped 1.3 percent the day before, after hitting their lowest since August 17 at $65.33 a barrel. Prices of the barrel of the West Texas Intermediate are down for the third session in a row following the publication of the DoE's report, although they have managed to bounce off recent 2-month lows in the $65.30 area (Tuesday).

Author: 0 Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

Trump said earlier on Twitter that he and Xi had a "very good" conversation. "President Xi Jinping also stressed that China-U.S. trade has always been serving as ballast and a stabilizer for China-U.S. The trade dispute has also forced the yuan to fall in value but on Friday it was stronger for the first time this week, also helped by Xi's pledge on Thursday of more support for private firms.

Economy Pilot arrested for being drunk, delaying flight
Author: 0 Pilot arrested for being drunk, delaying flight

Jitsukawa had nearly 189 mg of alcohol per 100 ml of blood in his system, which nearly 10 times the permissible 20 mg for a pilot. A Japan Airlines pilot who was arrested for being drunk was nearly 10 times over the legal blood alcohol limit for a pilot, police said.

Economy Starbucks unveils holiday cups and new festive drinks
Author: 0 Starbucks unveils holiday cups and new festive drinks

Are you excited for Starbucks' holiday items? "Looking back at our heritage, we found something lovely in our own story, with handsome coffee and flavors that come together to make the season magical". He exclaimed in the video, "Do you realize that Starbucks wanted to take Christ and Christmas off of their brand-new cups?" That same year, at a campaign rally, then-candidate Donald Trump also criticized the cups, suggesting that there was "No more "Merry Christmas" at Starbucks ".

Economy China factory expansion slowest in two years, exports slump picks up speed
Author: 0 China factory expansion slowest in two years, exports slump picks up speed

Export orders weakened but the biggest impact was from cooling domestic demand. In view of the sizes of enterprises, the PMI of large-sized enterprises was 51.6 percent, decreased 0.5 percentage point from last month, and continued to maintain its expansion generally; that of medium-sized enterprises and small-sized enterprises were 47.7 percent, 49.8 percent, which decreased 1.0 percentage point and 0.6 percentage point respectively from last month, lower than the threshold.

Economy Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War
Author: 0 Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War

The two leaders agreed to "strengthen economic exchanges", said a ministry spokesman, Lu Kang. Trump said on Twitter that trade discussions with China were "moving along nicely", and that he planned to meet with Xi on the sidelines of the G20 leaders summit, after the two had a "very good" phone discussion yesterday.

Economy UK, EU close to Brexit deal on financial services
Author: 0 UK, EU close to Brexit deal on financial services

However, she says May's lead Brexit aide Olly Robbins has been "back and forth" to Brussels, "hoping to get talks back officially soon but right now no landing zone". The bank could be forced to raise interest rates, depending on how the pound reacts, he said. It stood at a weekly high of about $1.29 around 0730 GMT.

Economy U.S. limits tech exports to Chinese firm on security grounds
Author: 0 U.S. limits tech exports to Chinese firm on security grounds

The Trump administration has launched a new salvo in its escalating trade war with China by adding Fujian Jinhua Integrated Circuit, a state-backed company, to a list of businesses that may not buy components from U.S. Although temporarily lifted, that imposition could have forced the telecoms firm out of business, it was claimed at the time. Fujian Jinhua Integrated Circuit will be restricted from buying software and technology goods from American firms.

Economy Critics compare Trump's midterm spot to racist Willie Horton ad from 1988
Author: 0 Critics compare Trump's midterm spot to racist Willie Horton ad from 1988

The ad, released Wednesday , then cuts to scenes of what appears to be the Central American migrant caravan crowding roadways and storming fences. Critics slammed the video as racist . Horton, who was African American, raped a woman after he was released on a weekend furlough from a MA prison where he was serving a life sentence in 1987.

Economy The Coca-Cola Co (KO) Holdings Boosted by Troy Asset Management Ltd
Author: 0 The Coca-Cola Co (KO) Holdings Boosted by Troy Asset Management Ltd

It is suggested that a little more digging on your part behind what brokerage companies are recommending will always be to your benefit. For the full year, analysts now expect EPS of $2.08 and revenues of $31.84 billion. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. There has been rising change grasped around 50 day SMA.

Economy Russia, US, Saudi Arabia produce 33% of global oil supplies
Author: 0 Russia, US, Saudi Arabia produce 33% of global oil supplies

Both contracts have fallen about $10 a barrel from four-year highs reached in the first week of October. " Saudi Arabia has pledged to raise output, and together with rising USA stocks, it has eased supply concerns in the market". According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new USA sanctions against the Islamic Republic kick in on November 4.

Economy New solar charging tech being developed by Hyundai for vehicles
Author: 0 New solar charging tech being developed by Hyundai for vehicles

The plans announced this week will see the solar charging technology introduced into certain models - and not just for the obvious recipients, electric vehicles . This type will be used in gasoline cars. The automakers haven't announced a timeline for the rollout, but say they are now testing the system. The panels will charge the main battery or an auxiliary battery included as part of the system while blending more naturally into the sunroof structure.

Economy Merkel Gives IsraAID Award for Work with Refugees in Germany
Author: 0 Merkel Gives IsraAID Award for Work with Refugees in Germany

Once a career CDU man, who started out in the youth wing of the party before rising to lead its parliamentary group, Merz's political ambitions were short-circuited in 2002. She subsequently played down concerns that her decision to step down as CDU would leave her a lame duck unable to deal effectively with world leaders such as US President Donald Trump or Turkey's Tayyip Erdogan.

Economy Ryanair changes luggage rules from today
Author: 0 Ryanair changes luggage rules from today

In January, Ryanair began a policy which saw passengers who had not bought priority boarding permitted to take a "personal bag" - such as a handbag - on board while a second, larger bag - such as a wheelie suitcase weighing up to 10kg - could be put in the hold free of charge.

Economy Volkswagen Intel team up for Israel's first self-driving vehicle service
Author: 0 Volkswagen Intel team up for Israel's first self-driving vehicle service

Those tests have included ensuring the system can drive assertively enough to keep pace with the country's human drivers, who have established a reputation for their aggressive maneuvers behind the wheel, according to Mobileye executives. It's not a pilot program, but a full-blown commercial vehicle service run by machines. "The government of Israel has committed to support the project in three main areas: furnishing legal and regulatory support, sharing the required infrastructure and ...

Economy GE slashes dividend to penny, takes $22 billion charge in 3rd quarter
Author: 0 GE slashes dividend to penny, takes $22 billion charge in 3rd quarter

But the stock price retreated after chief financial officer Jamie Miller disclosed on the conference call that the US Securities and Exchange Commission had expanded an ongoing investigation into the company's accounting. GE has described the weak market conditions in power as a multi-year issue and signaled again on Tuesday that demand remained poor. The Boston-based company in September disclosed that its flagship turbine was facing an oxidation issue that forced a customer to temporarily ...

Economy Alabama McDonald's gunman killed by armed dad, who is injured in shootout
Author: 0 Alabama McDonald's gunman killed by armed dad, who is injured in shootout

She then saw people running out of the McDonald's, including children, before hearing two more shots fired. When he heard all the shots fired, he thought everyone was dead. "He's my hero. Because I can only imagine how it would've [gone] if he wasn't armed". The exchange was between the masked gunman and the armed customer who was leaving the restaurant with his sons at the time.

Economy Reese's 'candy converter' will swap unwanted candy for peanut butter cups
Author: 0 Reese's 'candy converter' will swap unwanted candy for peanut butter cups

Last week during an earnings call , Hershey (the company that makes the sweet treat) said it will start selling Reese's Thins in 2019. Swap out your unwanted candy for a Reese's with their candy converter. Wrong, because this Halloween season, a candy-converting vending machine will let some very lucky folks swap their unwanted candy for Reese's Peanut Butter Cups.

Economy Govt committed to economic reforms: Narendra Modi
Author: 0 Govt committed to economic reforms: Narendra Modi

India has registered huge improvement in 6 of the 10 indicators and has moved closer to worldwide best practices, the finance ministry said. It rose to the 100th spot in the last ranking from 131st rank in the previous year. Today, we are at rank 77. In 2017, the World Bank had noted in its last report that India lagged in areas such as starting a business, enforcing contracts, registering property, trading across borders and dealing with construction permits.

Economy New Digital Services Tax in Britain Targets Online Giants
Author: 0 New Digital Services Tax in Britain Targets Online Giants

Hammond said the digital sales tax will be structured to apply to "established tech giants" rather than tech start-ups and was at pains to emphasise that it was "not an online-sales tax on goods ordered over the internet". The digital services tax will be paid by companies that are profitable, he said , and making at least £500 million ($640 million) per year in global revenues.

Economy Turkey's leader opens new Istanbul Airport as global hub
Author: 0 Turkey's leader opens new Istanbul Airport as global hub

Spread over an area of 76.5 million square meters, it will also boast auto parks for around 70,000 cars. At the inauguration ceremony, which took place on Republic Day, Erdogan said that the city's Ataturk Airport will maintain its status as an airport, but it would be closed to commercial flights when the new Istanbul Airport is fully operational.

Economy RBI responsible for NPA crisis, Jaitley makes spat more public
Author: 0 RBI responsible for NPA crisis, Jaitley makes spat more public

The meeting assumes significance as the FSDC is meeting for the first time after RBI Deputy Governor Viral Acharya raised the issues regarding the independence of the central bank. Government officials believe that RBI Governor Urjit Patel has some responsibility for the controversy, and he can not expect an extension of his current three-year term - which ends next September - "as his right", one of the officials added.

Economy U.S. plans more China tariffs if Trump-Xi meeting fails
Author: 0 U.S. plans more China tariffs if Trump-Xi meeting fails

And Mr Trump said: "I have $267 billion waiting to go if we can't make a deal". Beijing has said in the past that it will retaliate against any measures, putting the world's top two economies on course for an all-out trade war. China has the potential to cut $60 billion Chinese consumers spend on American tourism-related services each year, the newspaper noted. The US levied tariffs of 10 percent on Dollars 200 billion of Chinese products in September, with the rate set to increase to 25 ...