Economy

Economy Martha Stewart partners with Canopy Growth to develop CBD products
Author: 0 Martha Stewart partners with Canopy Growth to develop CBD products

Canopy is conducting several clinical trials exploring how cannabis compounds can improve human and animal health, including research into the effectiveness of CBD, a non-intoxicating compound, to treat anxiety in animals. The Columbus, Ohio-based cannabis company announced after the market closed Wednesday that it posted a net loss of $13.19 million in its fiscal second quarter, ending on December 31, on revenue of $3.14 million.

Economy Kia, Hyundai expand U.S. engine fire recalls by 534000 vehicles
Author: 0 Kia, Hyundai expand U.S. engine fire recalls by 534000 vehicles

According to officials, the Soul SUVs have high exhaust gas temperatures can damage the catalytic converters. That can cause abnormal combustion and damage pistons and connecting rods. "The Center for Auto Safety urges Congress to investigate why Kia and Hyundai have refused to fully address this risky defect and why the political leadership of the agency responsible for overseeing highway and traffic safety has allowed such continued malfeasance", Levine said.

Economy Gap to shut shops and hive off Old Navy
Author: 0 Gap to shut shops and hive off Old Navy

Old Navy has consistently outperformed sister companies Gap and Banana Republic, according to reporting from USA Today . This brings the total number of Gap store closures to over 600 in the past four years, as the company closed 175 stores in 2015 and another 200 in 2017 .

Economy Lyft tries to differentiate itself from Uber in its IPO pitch
Author: 0 Lyft tries to differentiate itself from Uber in its IPO pitch

Ride-sharing company Lyft filed paperwork for an initial public offering (IPO) on Friday, putting it on the path to becoming the first US ride-hailing company to list on the stock market . The company's share of the US ride-hailing market was 39 per cent in December 2018, up from 22 per cent in December 2016, according to the filing, which cited growth from new drivers and riders as well as increased ride frequency.

Economy YouTube disables comments on videos of children
Author: 0 YouTube disables comments on videos of children

YouTube is killing the comment sections on most videos featuring minors. Some creators will be allowed to maintain comments on their videos, but their channels will have to be "actively moderated" and "demonstrate a low risk of predatory behavior".

Economy Cuomo to Bezos: Baby, please don’t go
Author: 0 Cuomo to Bezos: Baby, please don’t go

While Cuomo did not offer a new location for the HQ2 plan, he did guarantee the executives that there would be support for the plan, according to one of the Times sources. "We know the public debate that followed the announcement of the Long Island City project was rough and not very welcoming", the letter stated. "We consider it part of the NY charm!" Probably not.

Economy Volvo unveils the all-electric 5-seat Polestar 2 sedan
Author: 0 Volvo unveils the all-electric 5-seat Polestar 2 sedan

Following up on the shapely $155,000 Polestar 1 plug-in hybrid coupe flagship, the Polestar 2 sedan is the second electric vehicle to be unveiled by Volvo's new division. An 11-inch touchscreen dominates the center stack. The electric vehicle was unveiled Wednesday and will directly compete with Tesla's Model 3 . Ingenlath declined to give exact numbers but says the global target production volume for the Polestar 2 will be from 50,000 to 100,000 units sold annually.

Economy Amazon offers tool to help brands fight against fake goods
Author: 0 Amazon offers tool to help brands fight against fake goods

But the game changer here is Amazon is putting the power to remove fake product listings directly into the hands of brands themselves. "This information also feeds into our automated protections so we can better catch potential counterfeit listings proactively in the future".

Economy Asian shares lower as tariffs delay rally fades
Author: 0 Asian shares lower as tariffs delay rally fades

Overnight, stocks closed modestly higher after shedding most of their gains from an early rally spurred by the Trump administration's decision to hold off on a March 2 increase in punitive duties on $200 billion worth of Chinese imports. Problem is, we don't have any more details than that. China's official Xinhua news agency said in a commentary that the goal of an agreement was getting "closer and closer", but also warned that negotiations would get more hard as they approached the ...

Economy Tesla halts orders for cars ahead of promised announcement
Author: 0 Tesla halts orders for cars ahead of promised announcement

In addition to lowering the price, the company is also selling a few new trim options. To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online only. Tesla shares are now about $40 below the $359.87 conversion price. The firm said it would also provide full refunds for cars returned within seven days.

Economy Victoria's Secret to close more than 50 stores in US, Canada
Author: 0 Victoria's Secret to close more than 50 stores in US, Canada

The store announced that rising costs and plateauing sales mean that the brand was down by 45 percent for the 2018 fiscal year. Closure activity doubled that rate in 2018, with the company shuttering 29 Victoria's Secret stores in the USA and one Canadian location of its Pink brand, which targets teenagers and young women.

Economy Fed's Powell sees solid but slower USA economic growth this year
Author: 0 Fed's Powell sees solid but slower USA economic growth this year

Inflation rates dipped to around 1.5 percent in December after spending most of 2018 at or above the Fed's target rate of 2 percent. Australian government bond yields slumped during Asian trading session Wednesday tracking a similar movement in the United States" counterpart after Federal Reserve Chair Jerome Powell stressed on a "patient' monetary policy stance despite expectations of a solid economic growth this year.

Economy FCA announces $4.5 billion investment in MI manufacturing
Author: 0 FCA announces $4.5 billion investment in MI manufacturing

Fiat Chrysler Automobiles recently announced it would invest $4.5 billion in existing and new assembly plants in the state of MI, and the details presage good things for the company's Jeep and Ram brands. President Trump is praising Fiat Chrysler for bringing jobs back to the U.S. In a recent tweet from Vietnam, the president said the company is adding 6,500 jobs in MI in a four billion dollar investment to double its hourly workforce.

Economy Elon Musk vs. the SEC
Author: 0 Elon Musk vs. the SEC

All of Musk's tweets were supposed to be vetted by the SEC prior to posting, as part of his settlement for his "funding secured" tweets about taking Tesla private at US$420 a share, but that hasn't been happening. Musk are cognizant of the applicable policies and procedures mandated by the final judgments". But Gordon expects Musk will do it again, and that would trigger more significant action from the court.

Economy Porsche confirms Macan EV
Author: 0 Porsche confirms Macan EV

Taking on Tesla's Model S, the vehicle - arguably still better known by its former Mission-E codename - will feature 800V charging for super-fast battery recharge, and come with three years of free charging access to Electrify America stations across the US.

Economy Trump may Sign Deal with Chinese President Xi Jinping
Author: 0 Trump may Sign Deal with Chinese President Xi Jinping

The fight threatens to disrupt global trade and weigh on economic growth that shows signs of faltering. Trump raised duties in response to complaints China steals or pressures companies to hand over technology. Next we await more "deals" as the summit with little Kim approaches. The Shanghai Composite index added 0.4 percent to 2,973.71, while Japan's Nikkei 225 index lost 0.5 percent to 21,421.31.

Economy Man Spends $540 on Cookies to Get Scouts Out of Cold
Author: 0 Man Spends $540 on Cookies to Get Scouts Out of Cold

Dillard says the generous man paid $540 on cookies in total. The post has since been taken down. "This man purchased 7 packs of cookies". The man who was lauded as a hero across the country for buying hundreds of dollars of girl scout cookies to let a group of children get out of the cold has been arrested by the DEA.

Economy Its Citroen not Peugeot to debut in India in 2021
Author: 0 Its Citroen not Peugeot to debut in India in 2021

Two joint venture agreements have been signed with CK Birla Group. The French brand could be facing a shrinking new vehicle market in the U.S.as well as the possibility of new tariffs on cars made in Europe and China, which is where Peugeot is likely to source cars for sale in the U.S.

Economy Adani wins bids to operate five state-owned airports
Author: 0 Adani wins bids to operate five state-owned airports

Adani Enterprises Ltd bid aggressively to claim the top slot for the five airports , quoting a per-passenger (domestic) fee of Rs 177 for the Ahmedabad airport, where the Group is based, Rs 174 for Jaipur , Rs 171 for Lucknow, Rs 168 for Thiruvananthapuram and Rs 115 for Mangaluru.

Economy Amtrak Train With 183 Passengers Stranded In Oakridge Amid Snowstorm
Author: 0 Amtrak Train With 183 Passengers Stranded In Oakridge Amid Snowstorm

Dodson tweeted out videos to different local reporters showing the conditions and talking about what was happening on the train . Worsening conditions such as snow and more fallen trees have made it impossible for the train to continue or for rescue crews to transport those aboard via alternate transportation.

Economy Trump attacks Opec again, warning against high oil prices
Author: 0 Trump attacks Opec again, warning against high oil prices

Boosted by OPEC and Saudi Arabia's resolve to do "whatever it takes" to bring the market to balance, oil prices rose last week to a fresh 2019 high and the highest since November 2018. On top of that, oil production in the USA rose more than expected. OPEC and Russian Federation agreed to take 1.2 million barrels of oil per day off the market during the first six months of 2019.

Economy SEC seeks contempt charges against Tesla CEO Elon Musk
Author: 0 SEC seeks contempt charges against Tesla CEO Elon Musk

In his settlement with the SEC , Musk agreed to pay a $20 million fine and give up his position as the chairman of Tesla's board. Tesla did not respond immediately to a request for comment on the reported lawsuit. Indeed, Tesla's top legal eagle, Dana Butswinkas, announced he was leaving the company after just two months - a day after Musk's misleading tweet.

Economy World's fastest 1TB microSD card, revealed at MWC, will cost $450
Author: 0 World's fastest 1TB microSD card, revealed at MWC, will cost $450

On the other hand, Micron's 1TB microSD card offers read speed of 100MB per second and write speed of 95MB per second. The Sandisk claims to come with read speed of 160MB per second and write speed of 90MB per second. Micron's c200 1TB microSDXC UHS-I card comes with a 96-layer 3D quad-level cell (QLC) and NAND technology to bring such a large capacity to a small memory card.

Economy Strong to damaging winds expected Monday
Author: 0 Strong to damaging winds expected Monday

Widespread power outages between tonight and tomorrow are likely going to grow. West winds 20 to 35 mph will gust as high as 50-60 mph and up to 65 mph through the higher terrain inland and Berkshires. The clouds hold on Tuesday with highs in the mid 20s. The high temperature will be around 50 degrees. The European model continues to bring some snow to Northern Pennsylvania which could clip us as the system exits, but the GFS model is completely dry.

Economy Regulator’s report unlikely to settle Trans Mountain pipeline expansion battle
Author: 0 Regulator’s report unlikely to settle Trans Mountain pipeline expansion battle

The NEB completed the review within the 155 day timeline required by the Government of Canada and the reconsideration report has now been submitted to the federal government. "The NEB recommends that the government find that they can be justified in the circumstances in light of the considerable benefit of the project", Steedman says.

Economy The fabled Apple credit card may come to your Wallet soon
Author: 0 The fabled Apple credit card may come to your Wallet soon

Through the Apple Wallet integration, users will be able to set spending goals, manage balances and track rewards, we're told. That's up from 36% estimated in the September quarter, and 20% percent for the December quarter of 2017. She expected this new card may appeal to consumers who are "Apple zealots". The company also takes a cut from credit card transactions made through Apple Pay , so Apple is already quite familiar with how much revenue it can generate from credit card.

Economy Volvo XC90 Unveiled - Features KERS And An Electrified Powertrain
Author: 0 Volvo XC90 Unveiled - Features KERS And An Electrified Powertrain

The company has upgraded its existing T8 and T6 Twin Engine plug-in hybrid powertrains, while at the same time confirming that plug-in options will now be available on every model it produces. Volvo announced that the Model Year 2020 XC90 will go into production in May, with sales set to start at a later stage in global markets. Volvo says it will also offer the system on all 60 and 90 Series cars, meaning other models like the S60, V60, S90, V90, and XC60 will have their own "B" branded ...

Economy Celebrate National Margarita Day with these deals
Author: 0 Celebrate National Margarita Day with these deals

Abuelo's Mexican Restaurant has hand-crafted margaritas going for $6.95. It's "the BOSS of all margaritas", the restaurant says. Chili's: Three kinds of $5 margaritas. Miller's Ale House : Miller's Ale House will be following suit, also offering $2.22 on House or Watermelon Margaritas on National Margarita Day at participating locations.

Economy YouTube is demonetising anti-vaccination videos
Author: 0 YouTube is demonetising anti-vaccination videos

There's more to be done in this public health battle, but changing algorithmic recommendations, and cutting off funding sources for these viral videos is a start. For example, some child predators in the comment sections will timestamp certain sections of the YouTube video that, specifically, sexualize the child in disgusting ways.

Economy Ford may have overstated fuel economy figures, hires investigators
Author: 0 Ford may have overstated fuel economy figures, hires investigators

Ford has launched an investigation into the actual emissions of its vehicles after employees reported errors in data given to authorities, the automaker said. In a statement cited by The Wall Street Journal, the EPA said that the information it received from Ford is "too incomplete for EPA to reach any conclusions" but that the agency will work alongside Ford as the investigation continues.

Economy Kraft Heinz fail leaves Buffett and 3G well fed
Author: 0 Kraft Heinz fail leaves Buffett and 3G well fed

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Morgan Stanley grew its stake in shares of Kraft Heinz by 3.9% during the 3rd quarter. But after the fat had been cut from Kraft Heinz, management needed another deal so it could start again on improving profit margins. Over the past year, shares in the company have been on a downward spiral as cost cutting and price reductions are being used to try and revive sales growth.

Economy Zimbabwe's currency reality check puts plaster on deep wound
Author: 0 Zimbabwe's currency reality check puts plaster on deep wound

And this morning, the governor said the central bank had met with banks and agreed to start at a rate of 2,5, which is lower than the prevailing rate of 4 on the parallel illegal market. dollar, and on Friday, a commercial bank in Harare , the pan-African Ecobank, was buying the USA dollar at 2,439 RTGS dollars and selling the United States currency at 2,5625 RTGS dollars.

Economy Microsoft workers demand it drop $480 million U.S. Army contract
Author: 0 Microsoft workers demand it drop $480 million U.S. Army contract

The staffers stressed that the company's deal "has crossed the line" into arms development for the first time, adding the use of HoloLens , stipulated by the contract terms, "is created to help people kill", employees wrote in a Friday open letter directed at Microsoft CEO Satya Nadella and President Brad Smith.