Economy

Economy Fed may raise rates, or cut them, Bostic says
Author: 0 Fed may raise rates, or cut them, Bostic says

Moore, who formerly served as chief economist for the conservative Heritage Foundation , has also been critical of policy moves made by Chairman Jerome Powell, who was hand-picked by Mr. Asked whether Trump might want him on the Fed's board to check Powell's influence and protect the administration's economic policies, Moore said, "The only thing (Trump) told me was, pursue policies that are good for the American workers".

Economy Yield Curve, Federal Reserve and Recession Fears Go Mainstream
Author: 0 Yield Curve, Federal Reserve and Recession Fears Go Mainstream

Demand for government bonds gained momentum Wednesday, when USA central bank policy makers lowered both their growth projections and their interest-rate outlook. The 10-year yield of 2.43 percent is still above the two-year yield of 2.31 percent. And not every part of the yield curve is inverted. "In many respects, the USA 10-year Treasury is still, in an low-yielding world, a high-yielding asset", Dryden said.

Economy Strong IPO Boosts Levi Strauss Market Cap To $8.7 Billion
Author: 0 Strong IPO Boosts Levi Strauss Market Cap To $8.7 Billion

Jeans sales appear to be on an upswing in the USA, increasing 2.2 per cent to $16.7 billion last year after four straight years of declines, according to data from Euromonitor. Levi first went public in 1971 . The Haas family, which has over 100 members and is between its fifth and sixth generations, according to Bergh, will retain 80 percent voting control of the public company.

Economy Texas Man Tests Limits of Pet Store’s Leash Policy
Author: 0 Texas Man Tests Limits of Pet Store’s Leash Policy

A man and woman from Texas couldn't help but laugh as they recently walked their leashed steer into a Houston-area Petco to really see if "all leashed pets are welcome" at the store. You can see in the photos that Oliver was having a grand time as well as his new fans. The Petco store, located about 25 miles north of Houston, responded to Browning's challenge on Facebook saying, "We mean it when we say ALL leashed pets are welcome in our stores".

Economy Biogen Scraps Alzheimer Drug Trials, Wiping $17 Billion Off Its Market Value
Author: 0 Biogen Scraps Alzheimer Drug Trials, Wiping $17 Billion Off Its Market Value

Eisai will conduct phase 3 trials of BAN2401 involving 1,566 patients with mild cognitive impairment or mild Alzheimer's disease dementia with confirmed amyloid accumulation. Adubanumab is also a monoclonal antibody developed by eliminating beta-amyloid to inhibit the progression of Alzheimer's disease. But removing it did not appear to help.

Economy MillerCoors sues AB InBev for 'misleading' Super Bowl ad campaign
Author: 0 MillerCoors sues AB InBev for 'misleading' Super Bowl ad campaign

MillerCoors is ramping up moves against rival brewer AB Inbev over what it terms a "false and misleading advertising campaign targeting Miller Lite and Coors Light". It was reported by the Wall Street Journal that AB InBev, Molson Coors Brewing, Heineken, and Constellation Brands had been in talks about a unified ad campaign to try and boost beer sales in the States for over a year.

Economy Tesla Sues Former Employees, Self-Driving Start-Up Zoox Claiming Theft
Author: 0 Tesla Sues Former Employees, Self-Driving Start-Up Zoox Claiming Theft

Tesla is now fending off corporate espionage from competitors like Zoox and Xiopeng by filing suits against employees for stealing corporate secrets. Cao and Zoox could not immediately be reached for comment. Cao was allegedly among a group of just a few dozen Tesla workers that had access to Autopilot source code.

Economy Levi Strauss Enters the Market With a Bang
Author: 0 Levi Strauss Enters the Market With a Bang

Shares of Levi Strauss (NYSE: LEVI ) gained more than 30 percent following its initial public offering, and the company isn't merely "riding the denim wave", the company's CEO said Thursday. Strong demand for the shares means the IPO will raise $623 million. "The market is pretty ripe and we're the first big IPO of the year", he said. The Haas family will retain 80% of voting control of the public company.

Economy Volvo will add in-car sensors to prevent drunk driving
Author: 0 Volvo will add in-car sensors to prevent drunk driving

If parents or vehicle owners feel that it is still too fast, Care Key is there to further limit the driving speed. The Swedish brand is on a mission to find ways to address all three. It detects intoxication by using the cameras to look at the driver's eyes while the car's own telematics analyse driving behaviour like excessive weaving and slow reactions consistent with a drunk driver.

Economy Car Company Aligned With Trump, Supports US Jobs — GM CEO
Author: 0 Car Company Aligned With Trump, Supports US Jobs — GM CEO

Company executives are expected to make the case that the new EV - originally considered for one of GM's Chinese plants - is being built in the United States because of the new trade deal that is still awaiting approval by the U.S. "There are a significant number of U.S.jobs that go to that product". Another 8,000 white-collar workers were targeted for layoff. The factories largely make cars or components for them, and cars aren't selling well these days with a dramatic consumer shift to ...

Economy Oil prices fall again
Author: 0 Oil prices fall again

Brent crude, the global benchmark , rose 0.6% to $68 a barrel, which is its highest price level in four months. WTI reached its highest intraday level since November 12 earlier in the day, at $60.39/Bbl, Kallanish Energy reports. Nationwide crude inventories tumbled by 9.59 million barrels last week, according to data from the Energy Information Administration. “The average 1 million bpd in Iranian exports since November seems likely to fall further, ” US investment bank Jefferies said ...

Economy Facebook to end targeted ads for jobs, housing, loans after bias complaints
Author: 0 Facebook to end targeted ads for jobs, housing, loans after bias complaints

The far-reaching settlement compels Facebook to withhold a wide array of detailed demographic information - including ZIP codes , gender , and age - from advertisers when they market housing , credit, and job opportunities. "We will continue our efforts to hold employers accountable for using Facebook's platform to discriminate". "But we can do better", Facebook chief operating officer Sheryl Sandberg said in a statement.

Economy Powerball soars to almost $500 million
Author: 0 Powerball soars to almost $500 million

The odds of winning the Powerball jackpot are 1 in 292 million , the lottery says. The deadline to buy tickets for Saturday night's drawing is 10:00 p.m. Three tickets were sold with five numbers, but missed the Powerball number. "I called and woke my parents", Norenberg told lottery officials. They will also use the money to help care for their one-year-old daughter and a new baby that's on the way.

Economy Powerball Jackpot Continues To Climb; $1M Winner Sold In New Jersey
Author: 0 Powerball Jackpot Continues To Climb; $1M Winner Sold In New Jersey

The Powerball was 11. The jackpot prize will be shared among winners in all POWERBALL states. The Powerball lottery jackpot continues to climb higher. All POWERBALL prizes are set payouts, except the jackpot. The odds of winning the jackpot with a $2 ticket are 1 in 292,201,338. Johnson won a $298.3 million.

Economy Fed Signals Rate Hikes May Be Over For 2019
Author: 0 Fed Signals Rate Hikes May Be Over For 2019

The Fed formally adopted its 2 percent inflation goal in 2012, and price gains have mostly come in on the low side since then. "It may be some time before the outlook for jobs and inflation calls clearly for a change in policy", Federal Reserve Chairman Jerome Powell told reporters following the announcement.

Economy Karachi named sixth cheapest city of world
Author: 0 Karachi named sixth cheapest city of world

This is the first time in the survey's 30-year history that three countries have ranked first place on the list. The objective of the survey, according to its authors, is to "help human resources and finance managers calculate cost-of-living allowances and build compensation packages for expatriates and business travelers".

Economy Trump Races To Reopen GM Plant Ahead Of Ohio Visit
Author: 0 Trump Races To Reopen GM Plant Ahead Of Ohio Visit

The Lordstown, Ohio plant employed about 1,500 American workers and produced the Chevrolet Cruze before it closed. GM says Cruze sales in foreign countries have remained stable, fallen less sharply than in the US or even increased, as is the case in South America.

Economy Asian shares mixed in muted trading ahead of US Fed meeting
Author: 0 Asian shares mixed in muted trading ahead of US Fed meeting

Against a basket of key rival currencies , the dollar was nearly 0.1 percent higher at 96.454 as it managed to find its footing after hitting its lowest level since March 1 at 96.291 in overnight trading. On the top of investors' minds, the USA central bank, which is winding up a two-day policy meeting, is expected to leave rates unchanged and cut the number of interest rate increases projected for the rest of the year.

Economy Google fined $1.7 billion for search ad blocks in third European Union sanction
Author: 0 Google fined $1.7 billion for search ad blocks in third European Union sanction

The commission said that Google stopped website publishers from putting adverts from competitors on their search pages. European Competition Commissioner Margrethe Vestager laid out the Commission's view of the situation, saying, "Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites".

Economy Lyft founders seek to tighten control after IPO
Author: 0 Lyft founders seek to tighten control after IPO

Private market unicorns-businesses with a private market value over $1 billion-are coming public this year. No final decisions have been made and the timing and details of any filing may change. An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. The company's executives warned that the company could struggle to turn a profit, despite a rapidly growing market share.

Economy Jury: Roundup weed killer is major factor in man’s cancer
Author: 0 Jury: Roundup weed killer is major factor in man’s cancer

A two-week trial and four days of deliberation in the federal case brought the jury to Tuesday's decision that Monsanto's Roundup was likely a " substantial factor " in causing 70-year-old Edwin Hardeman's non-Hodgkin's lymphoma, the Chronicle reported .

Economy Won’t fly from April 1 if not paid dues: Jet pilots
Author: 0 Won’t fly from April 1 if not paid dues: Jet pilots

Jet Airways India Ltd ., once India's second-biggest airline, is flying just about a third of its fleet because its inability to pay lessors is grounding aircraft. On the other hand, additional four aircraft have been grounded by the company due to non-payment of amounts outstanding to lessors under their respective lease agreements, as per BSE Release .

Economy The SEC calls for new contempt sanctions for Elon Musk
Author: 0 The SEC calls for new contempt sanctions for Elon Musk

Lawyers for Musk said the tweet complied with the company's communication policy for senior executives and was a "proud and optimistic restatement of publicly disclosed information". Tesla and Musk each had to pay $20 million in fines and agree to governance changes that included Musk's removal as chairman. SEC v Elon Musk, U.S. District Court, Southern District of New York, No.

Economy Fisker teases all-electric 4WD SUV with 80kWh battery and 300-mile range
Author: 0 Fisker teases all-electric 4WD SUV with 80kWh battery and 300-mile range

Fisker , the vehicle company founded by designer Henrik Fisker , has released a teaser image of an affordable all-electric crossover to be revealed later this year. "Dashboard features will include a large heads-up display and a unique, intuitive user interface that will control some of the latest emerging in-vehicle technologies".

Economy RCom pays Rs 458.77 crore to Ericsson
Author: 0 RCom pays Rs 458.77 crore to Ericsson

India's Reliance Communications Ltd (RCom) said on Monday it had paid Sweden's Ericsson for a contract in line with a court order but a deal to sell assets to Reliance Jio Infocomm had fallen through. RCom owes a total ₹5.71 billion to Ericsson, including a one-time settlement of ₹5.5 billion and interest payments of ₹210 million. Anil Ambani's debt- ridden telecom business had promised to pay the nearby unit of Ericsson AB around Rs 5.5 billion for past maintenance services.

Economy Donald Trump to General Motors: Close a Plant in China, Not Ohio
Author: 0 Donald Trump to General Motors: Close a Plant in China, Not Ohio

A UAW spokesman told The Journal that the union is "leaving no stone unturned" to keep the plants open. General Motors' statement came after President Donald Trump announced that he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an OH manufacturing plant while the US economy continues to fare well.

Economy Brent oil price exceeds $68 first since November
Author: 0 Brent oil price exceeds $68 first since November

While Goldman was overt in its positive assessment of the crude market, the International Energy Agency - which has routinely made gloomy proclamations about the health of the commodity, on Friday inadvertently deflated a fear that has occupied the minds of many analysts: Venezuela .

Economy Volkswagen Golf Mk8 launch pushed back to 2020 say German press
Author: 0 Volkswagen Golf Mk8 launch pushed back to 2020 say German press

Despite the company's grand electrification plan, Diess did admit that battery cost continues to be a problem and will particularly be so when it comes to smaller cars. Volkswagen , on the other hand, is planning to completely retool a large number of its production plants to specifically manufacture brand new electric platforms.

Economy Chancellor insists Brexit deal will help economy and reveals Londonderry talks 'progressing'
Author: 0 Chancellor insists Brexit deal will help economy and reveals Londonderry talks 'progressing'

In Hammond's speech yesterday, the Treasury's official view on a "disorderly Brexit" were also made clear, during which Hammond said it had the potential to become "a significant blow" to the United Kingdom economy. Britain will have a £26.6-billion (RM143.92-billion) war chest to battle the potential damage of its exit from the European Union, a government oversight body said.

Economy Tesla Reverses Decision To Close All Of Its Stores, Increases Vehicle Prices
Author: 0 Tesla Reverses Decision To Close All Of Its Stores, Increases Vehicle Prices

A combination of sustainable cars with great features and looks is a promise for a better future, and Tesla has taken it seriously. Oh, and come back Thursday for the reveal of the upcoming Tesla Model Y compact SUV. "How else can you view it except to see it as a remarkable example of lack of foresight or planning?" The decision to close down all of its retail stores and move to an online-only sales model surprised numerous company's employees and investors, with some investors ...

Economy Where to find Pi Day deals around San Diego
Author: 0 Where to find Pi Day deals around San Diego

Pi Day is celebrated every March 14 (yes, on 3-14), to celebrate both the ratio of a circle's circumference to its diameter and the birthday of Albert Einstein. Blaze Pizza will be offering walk in customers with their app the chance to build your own 11′ inch pizza for only $3.14. In store, a 7Rewards member can get a slice of pizza for 50 cents.