Economy

Author: 0 UK inflation falls to two-year low, offering households help before Brexit

The retail inflation number was much lower than the market expectations, said Tushar Arora, a senior economist at HDFC Bank. Inflation was largely lowered by prices for electricity and gas following an Ofgem cap on standard variable tariffs that decreased price increases in that category from 8.1pc to 1.4pc.

Author: 0 Reddit Raises $300 Million In New Funding Round Led By Tencent 02/13/2019

Hong Kong-listed technology giant Tencent Holdings Ltd (HK:) is investing $150 million in USA discussion platform Reddit , according to Techcrunch that cited multiple unnamed sources. Reddit was cofounded by Alexis Ohanian, husband of tennis superstar Serena Williams. Founded in 2005 by two University of Virginia students, Reddit has continued to attract a loyal user base despite its relatively simple format, where users are invited to discuss just about any topic on more than ...

Economy Job cuts have gutted Tesla’s delivery team, say former workers
Author: 0 Job cuts have gutted Tesla’s delivery team, say former workers

Since Tesla mostly does electric cars, it seems unlikely that they will release an electric and gasoline auto. Those updates are pushed to Tesla vehicles for free. Yet despite the shaky numbers and a lackluster outlook, some say the company is on the right path. This is just a month a way, and it is uncertain if Musk himself will be the one to pull the curtains off the new vehicle.

Economy Mnuchin, in China, looks forward to trade talks
Author: 0 Mnuchin, in China, looks forward to trade talks

USA tariffs on $200 billion (155 billion pounds) worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides can not reach a deal by a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture.

Economy Activision Blizzard Stock Price Falls After Reports Of Layoffs, Lower Sales Projections
Author: 0 Activision Blizzard Stock Price Falls After Reports Of Layoffs, Lower Sales Projections

Tiverton Asset Management Ltd Llc owns 20,388 shares or 0.08% of their United States portfolio. For shares of Activision Blizzard, Inc . (NASDAQ: ATVI ). (NASDAQ: ATVI ) rating. Barclays Capital has "Overweight" rating and $86 target. On Friday, August 31 the company was downgraded by Bank of America. All in all, the trends of the stock market were shifting slowly but surely.

Economy Ethics commissioner to probe Prime Minister's Office over SNC-Lavalin scandal
Author: 0 Ethics commissioner to probe Prime Minister's Office over SNC-Lavalin scandal

Angus and Cullen wrote to the ethics commissioner on Friday to request an investigation in the wake of a Globe and Mail report on Thursday containing allegations from unnamed sources that Prime Minister Justin Trudeau's office pushed Wilson-Raybould to negotiate a deal with SNC-Lavalin that would have led to a fine instead of a criminal trial.

Economy Post-Brexit ex-pat residency deal struck with non-EU nations
Author: 0 Post-Brexit ex-pat residency deal struck with non-EU nations

The Prime Minister's official spokesman said it would give MPs more time to "digest the content" ahead of a series of expected Commons votes on Thursday. Mrs Leadsom said: 'I think she's making quite clear that what Corbyn is demanding is actually not as good as what the Prime Minister's deal is offering.

Economy Aston Martin teases new Lagonda All-Terrain concept…
Author: 0 Aston Martin teases new Lagonda All-Terrain concept…

Aston Martin Lagonda Global (LON:AML) had its price target reduced by Kepler Capital Markets from GBX 1,750 ($22.87) to GBX 1,450 ($18.95) in a research note issued on Friday, January 11th. If the Lagonda Vision Concept is any indicator, that means an open concept design that allows for more fluid interactions between passengers. "I'm expecting the Aston Martin Lagonda stand to be busier than ever, and very much look forward to seeing the crowd's reaction first-hand".

Economy Northeast BC unemployment rate increased in January 2019
Author: 0 Northeast BC unemployment rate increased in January 2019

According to Statistics Canada , there were 18, 873, 900 people working last month across all of Canada , with 1,162,000 people unemployed. The government organization released the monthly report for January 2019, showing Medicine Hat's unemployment rate hit 7.7 per cent, up from 6.4 per cent in December 2018.

Economy National Pizza Day deals you don't want to miss out on
Author: 0 National Pizza Day deals you don't want to miss out on

IHOP: If you're a first time DoorDash customer in Los Angeles, Chicago, Dallas or New York City, you can use code PANCIZZA to get free delivery on one of the restaurant's Pancizzas (a pizza-sized pancake with toppings). If you miss the chance, you can still buy a pizza, so it won't be all bad news. That means any toppings, any specialities, and any crust type.

Economy Jaguar Land Rover on credit rating watch
Author: 0 Jaguar Land Rover on credit rating watch

Big asset impairment dragged Tata Motors into consolidate loss. Domestic revenue at Rs16,208 crore for the quarter was up 1.5 per cent, it said, adding that its market shares for CVs was up 60 bps compared to FY 18 while sales of personal vehicles were up 50bps.

Economy Facebook told to limit data collection on its users
Author: 0 Facebook told to limit data collection on its users

If the ruling is upheld, Facebook will be required to allow users to specifically approve data collected from other Facebook-owned sources and third-party websites be assigned to their accounts. In concrete terms, Facebook could potentially be forced to change its data collection practices for Germany only because the FCO's jurisdictional competence is naturally limited to Germany while its case rests on an alleged GDPR violation for which there's an EU-wide enforcement mechanism.

Economy Trump tipped to ban Chinese telecom equipment ahead of MWC
Author: 0 Trump tipped to ban Chinese telecom equipment ahead of MWC

According to Reuters , Huawei's representative in the EU, Abraham Liu, said on Thursday evening that Huawei hopes cybersecurity will be regarded as a technology rather than an ideological issue. Although public evidence for Chinese espionage via Huawei is lacking, in several Western countries, including the Netherlands, the risk regarding the implementation of Huawei equipment in telecom networks is being warned.

Economy Bank of England announces its Bank Rate
Author: 0 Bank of England announces its Bank Rate

The BoE also slashed its forecast for 2020 United Kingdom growth - to 1.5 per cent from 1.7 per cent. Unveiling his maiden monetary policy on Thursday, RBI governor Shaktikanta Das announced a quarter percentage point rate cut, citing lower-than-expected inflation.

Economy Amazon reportedly rethinking HQ2 in New York City
Author: 0 Amazon reportedly rethinking HQ2 in New York City

The Washington Post reported the story earlier on Friday. But after winning one of two so-called HQ2 bids in November-and its 25,000 jobs-New York is reconsidering because of opposition from local politicians, according to a report in the Washington Post citing two people familiar with the situation.

Economy Pricey Pickups Power GM Earnings in Q4
Author: 0 Pricey Pickups Power GM Earnings in Q4

The institutional investor owned 314,204 shares of the auto manufacturer's stock after purchasing an additional 8,602 shares during the quarter. Vigilant Capital Management LLC acquired a new position in shares of General Motors during the fourth quarter worth $43,000.

Economy Twitter shares fall amid concern over falling user numbers
Author: 0 Twitter shares fall amid concern over falling user numbers

Average monetizable DAU (mDAU) were 126 million in Q4, up 9 per cent year-over-year, with double-digit growth in five out of our top 10 global markets. Total advertising revenue surged 23 percent to $791 million in the fourth quarter , with more than half coming from video ads by corporate clients.

Economy Jeff Bezos publishes National Enquirer extortion emails
Author: 0 Jeff Bezos publishes National Enquirer extortion emails

Bezos declined to do so. According to the letters, in exchange for not publishing these photos, AMI's Deputy General Counsel, Jon Fine , wanted Bezos and his team to acknowledge that "they have no knowledge or basis for suggesting that AMI's coverage was politically motivated or influenced by political forces, and an agreement that they will cease referring to such a possibility".

Economy Tesla cuts Model 3 price for the second time this year
Author: 0 Tesla cuts Model 3 price for the second time this year

If you go to Tesla's order page for the Model 3, you'll see the cheapest, rear-wheel drive with a mid-range battery starting at $34,850. The federal electric vehicle tax credit, which lowers the cost of a Tesla, dropped to $3,750 in January and will be halved again this summer before disappearing completely in 2020.

Economy RBI: Repo rate reduced by 25 basis points
Author: 0 RBI: Repo rate reduced by 25 basis points

Sonal Varma, chief India economist at Nomura Holdings Inc.in Singapore, said the RBI's autonomy wasn't at issue this time around. Developed economies too are altering stance, with the Reserve Bank of Australia governor this week shifting to neutral.

Economy Global oil prices dip as U.S. crude inventories rise
Author: 0 Global oil prices dip as U.S. crude inventories rise

USA oil prices pared losses and turned positive after the data release. "Moreover, lower oil prices - prices were between 14 percent and 18 percent lower in January than their 2018 average - are likely to stimulate economic activity and oil demand, particularly in emerging markets", said Jean-Pierre Durante, Head of Applied Research at Pictet Wealth Management.

Economy Oil falls 1 percent as supply concerns fade
Author: 0 Oil falls 1 percent as supply concerns fade

Weighing on oil markets, USA government data showed new orders for US -made goods unexpectedly fell in November, with sharp declines in demand for machinery and electrical equipment. "The price has yet to react in any noticeable way", Fritsch said of the sanctions announced last week. "Fresh U.S. sanctions on the country could see 0.5-1 percent of global supply curtailed", said Vivek Dhar, mining and energy analyst, Commonwealth Bank of Australia.

Economy Mnuchin, Lighthizer to hold talks next week in China -Dow Jones
Author: 0 Mnuchin, Lighthizer to hold talks next week in China -Dow Jones

This will be reflected in import and export patterns around the globe. "US-China bilateral trade will decline and replaced by trade originating in other countries". This is especially worrying if trade tensions spiral into currency wars, which would threaten the ability of people and companies around the world to pay off dollar-denominated debt, they said.

Economy GM had just 26 openings leading up to layoffs; employee sentiment plummeting
Author: 0 GM had just 26 openings leading up to layoffs; employee sentiment plummeting

At the time, GM said it wanted to cut about 8,000 salaried workers from its payroll. At the time of the announced restructuring, GM had about 2,000 salaried employees in Canada as part of about 50,000 salaried workers in North America. "Our focus now is on working with each individual employee on providing severance packages and transition support through job placement services". GM is also cutting its executive ranks by 25 percent.

Economy HMV saved by Canada’s Sunrise Records
Author: 0 HMV saved by Canada’s Sunrise Records

The administrators will retain a further 122 employees at warehouse functions to assist them in winding down operations. 100 of the entertainment retailer's stores have been purchased by Doug Putman , owner of Canadian chain Sunrise Records .

Economy Trump’s 2019 State of the Union: What Investors Should Watch
Author: 0 Trump’s 2019 State of the Union: What Investors Should Watch

That has led Trump to contemplate declaring a national emergency, which he says would let him reallocate funding from elsewhere without congressional action. That's the longest such period on record. House Speaker Nancy Pelosi , who won plaudits from Democrats for her hard-line negotiating tactics during the shutdown, will be seated behind the president.

Economy Google paid $7.4 billion to acquire traffic during the fourth quarter
Author: 0 Google paid $7.4 billion to acquire traffic during the fourth quarter

Alphabet's Other Bets business, which includes its self-driving auto company Waymo and health-tech venture Verily, saw revenue rise to $154 million, up from $131 million in the year-ago period. All eyes are on Thomas Kurian, the recently hired cloud services executive who's attempting to turn the Google Cloud Platform into an enterprise business.

Economy Crypto exchange founder dies, clients unable to access $190bn funds
Author: 0 Crypto exchange founder dies, clients unable to access $190bn funds

Canada's leading cryptocurrency exchange company has said it can not repay $190m (£110m) to clients because its founder died with their passwords. In an affidavit , the widow of Gerald Cotten, Quadriga's founder, CEO and sole director, said he died suddenly on December 9 due to complications from Crohn's disease.

Economy SpaceX successfully test-fires rocket engine Raptor
Author: 0 SpaceX successfully test-fires rocket engine Raptor

Elon Musk has lifted the veil on his "radically redesigned" Raptor engine , which will one day power the Super Heavy rocket and Starship on missions to the moon and beyond. The Super Heavy mounts 31 Raptor engines, while the Starship has seven. Separate follow-on versions would be customized for use on the Starship or on the Super Heavy, packing a punch of as much as 550,000 pounds each at liftoff.

Economy General Motors acknowledges start of 4,000 layoffs of salaried workers
Author: 0 General Motors acknowledges start of 4,000 layoffs of salaried workers

Starting Monday, the job cuts will begin for salaried employees as GM seeks to eliminate 8,000 jobs by the end of this month, the Detroit News and Detroit Free-Press reported. The cuts come after GM's November announcement of dramatic restructuring. GM said that the employees who are laid off will be offered severance packages and job placement services.

Economy May claims she is 'armed with fresh' Brexit mandate
Author: 0 May claims she is 'armed with fresh' Brexit mandate

The Irish border issue has proven to be a major stumbling block in ongoing UK-EU Brexit negotiations. But prominent eurosceptic Conservative Steve Baker said many pro-Brexit lawmakers had broader concerns about her deal. Police are continuing to investigate Friday's discovery of a cache of ammunition in the Omeath area on the Cooley Peninsula near the border with Northern Ireland.

Economy Chinese media pushes for talks with United States on Huawei
Author: 0 Chinese media pushes for talks with United States on Huawei

January 29: China's foreign ministry says in a statement that Beijing will firmly defend its companies and urges the U.S.to "stop the unreasonable crackdown on Chinese companies including Huawei". USA cited security issues as a major reason behind the move. "We are not a state-owned enterprise, we are owned by employees and those people have an interest in securing the interests of the company", he said.

Economy Foxconn says it shifts Wisconsin plan after Trump intervenes
Author: 0 Foxconn says it shifts Wisconsin plan after Trump intervenes

Wisconsin lawmakers offered up to $2.85 billion worth of incentives in 2017 to lure the world's largest electronics manufacturer to the state, sparking criticism that the state was giving away too much money. However, the company released a statement on January 30 confirming various media reports that its plan was being adjusted to focus mainly on research and development.