Finance

by | March 18, 2019 | 16:52

The figures revealed that, only in February, OPEC lowered crude extraction by 221,000 barrels per day compared to January, to 30,549 million barrels per day. Opec forecasts non-member producers to boost output in 2019 by 2.24 million bpd, 60,000 bpd more than expected previously. The WTI Crude Oil market broke higher during the week, clearing the little bit of resistance that we have been involved with for the last several weeks.

by | March 16, 2019 | 14:04

The Model Y will most likely be a much more conventional electric SUV. Electric vehicle maker Tesla Inc . had evaded its plans of closing all of its USA stores, a blog post on Tesla's official website revealed on Monday, the 11th of March 2019, and the post also added that instead of shuttering all of their United States stores, the Tesla Inc.

by | March 16, 2019 | 08:48

The company is now fighting two asbestos-related lawsuits in New Jersey and Oklahoma courts, and two more trials could begin this month, the UBS analysts said. This track record shows that there are one set of facts in these cases, and that decades of tests by independent, non-litigation driven experts and institutions repeatedly confirm that Johnson's Baby Powder does not contain asbestos or cause cancer.

by | March 16, 2019 | 04:57

While we love the spirit around turning Pi Day into a celebration of pie (and we definitely love pies ), there is still reason to celebrate the other kind of Pi! All slices on March 14 will be on sale for $3.14 and are first-come, first-served.

by | March 15, 2019 | 12:38

Cox's departure removes a layer of management, bringing Zuckerberg closer to a family of apps that he wants to make compatible, in what technology analysts expect will be a complicated engineering task. He pocketed $310 million in gains from exercising Facebook stock options from 2014 through 2017 alone, according to the company's filings with securities regulators.

by | March 15, 2019 | 07:27

Those who follow Tesla may have been mildly surprised by this, as the solar roof in particular got a lot of attention a few years ago, but has been nearly completely overlooked lately. The Y will be smaller than the X, and only 10 percent bigger than the Model 3, with a hatchback instead of a sloping backside. Musk revealed very few details about the upcoming auto, but a few key figures stuck out: the 300-mile, long-range version of the vehicle will go into production in Fall 2020 with ...

by | March 15, 2019 | 07:07

Meanwhile, France's Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) in Paris has tweeted a picture of the Flight Data Recorder (FDR), provided by the Ethiopian investigation team, reports CNN . Boeing's stock has fallen about 11% since the crash, wiping almost $26bn off its market value. The pilots of that flight reported that the plane's nose kept pitching down dozens of times before it crashed.

by | March 15, 2019 | 07:00

Bank stocks also showed early strength, with Morgan Stanley gaining 1.6 percent. The price-weighted Dow fell as its largest component, Boeing sank another 6.2% after losing 5.3% Monday. Google's parent company Alphabet rose 2.2 percent and Botox maker Allergan rose 2.1 percent. However the blue-chip Dow pared losses, and all three indexes ended Monday higher boosted by a rally in tech stocks led by Apple Inc.

by | March 15, 2019 | 05:10

Crude oil imports to the U.S. fell last week by 523,000 bpd to 6.4 million bpd. Two sources told Reuters that the United States also aims to curb Iran's crude exports by about 20% to below 1 million barrels per day (bpd) from May, likely reining in waivers for Tehran's remaining customers.

by | March 15, 2019 | 02:27

Facebook product director Rob Leathern said on Twitter that people are also unable to access the social network's ad interfaces, which may exacerbate any lost revenue from the outage. A spokesman for the social network said the company was cooperating with investigators in multiple federal probes, without addressing the grand jury inquiry specifically.

by | March 14, 2019 | 21:22

Thursday, March 14 marks Pi Day , the annual celebration of the mathematical constant π. Today, Pi Day is celebrated with some good deals on all sorts of pies. The healthy grocery store notes that its pies are free of hydrogenated fats, high-fructose corn syrup and artificial sweeteners. Rick's Bakery in Northwest Arkansas is offering a slice of pie and a coffee or a fountain drink for $3.14, or you can get $3.14 off a whole pie.

by | March 14, 2019 | 05:23

The last fleet-wide grounding by the FAA occurred on January 17, 2013, when it ordered a halt to revenue flights by Boeing's then-new model, the mostly composite 787, after a lithium-ion batteries on the plane overheated. Congress plans to scrutinize why the United States waited so many days to ground all Boeing Co 737 MAX jets involved in Sunday's crash in Ethiopia as other countries and airlines acted more quickly.

by | March 13, 2019 | 21:53

The incident forced Honda to recall about 1.2 million vehicles in North and Central America from the 2001 to 2016 model years that were not included in the massive string of Takata recalls for air bags that can hurl shrapnel into the passenger compartment.

by | March 12, 2019 | 22:56

Two Infinitis are built in the United Kingdom - the Q30 and QX30 hatchbacks - alongside assembly lines for the Nissan Juke and Qashqai SUVs and Leaf electric vehicle. Infiniti aims to withdraw from Western Europe by early 2020. The brand plans to focus more on its SUV lineup in North America, bring five new or significantly-redesigned vehicles to China over the next five years, improve quality of sales and residual value and realize more synergies with Nissan.

by | March 12, 2019 | 18:48

Any company with annual global revenue of over US$25 billion ($36.5b) and which owns an app store or similar marketplace would be designated a "platform utility" by Warren's government, and be broken up. "We all use them", the ads read. Warren was quick to take a hit at Facebook for the whole mess over on Twitter . The ad has since been restored. The policy in question says that Facebook ads can not use the company's corporate logo in posts.

by | March 12, 2019 | 07:56

Tesla said the increase is to cover the cost of keeping more of its physical stores open. All the rest appear safe, for now. While it is as yet unknown if the Model Y will be made immediately available in the base version, it is known that there will be a mix of the shorter range base Model 3 and higher range and spec'd models being produced at the same time at Tesla's Fremont vehicle factory.

by | March 12, 2019 | 05:59

Imagine the possibility of combining NVLink - Nvidia's high-speed protocol for intra-GPU communication - with Mellanox's networking and server products. Mellanox will play a role in Nvidia's supercomputing, data centre and cloud service initiatives. A source with information on the deal told Reuters that Nvidia had outbid rival chipmaker Intel in the auction for Mellanox and that a deal could be announced this week.

by | March 11, 2019 | 18:28

In a press conference, Weirsky said he heard from Murray on Thursday, but she claims she never called him. An unemployed New Jersey man won't have to look for work after winning last Friday's $273 million Mega Millions jackpot, but he very almost missed his stroke of good luck.

by | March 11, 2019 | 17:55

All other cars across the automaker's order books are slated to go up in price beginning March 18 by 3 percent. To keep the lights on, Tesla notes that it will need to raise prices on all Models, with the exception of the low-margin Model 3's $35,000 Standard Range variant .

by | March 11, 2019 | 15:56

But he said Trump "is going to stay with his wall. I think the president has made that case very effectively". Speaking to Fox News Sunday, Kudlow also said the Trump 2020 budget would contain a 5% across-the-board reduction in domestic spending, and would "point a steady glide path" towards lower federal spending and borrowing.

by | March 11, 2019 | 14:28

The flight's pilot, a Canadian-European man, had been with the company since July 2010 and had more than 8,000 hours under his belt, Gebremariam said. The plane, destined for Nairobi, hit the ground six minutes after departing Addis Ababa on Sunday morning. It added that the search and rescue operations are in progress and "we have not confirmed information about survivors or any possible causalities".

by | March 11, 2019 | 10:51

The FDNY says 29 passengers on a flight from Istanbul were treated for non-life threatening injuries after their aircraft encountered heavy turbulence. The plane was rocked by severe turbulence and caused passengers to be thrown from their seats. In a statement issued on Sunday, Turkish Airlines said it was "deeply saddened by this unfortunate experience, and closely monitors the health status of injured passengers, and is making resources available to them".

by | March 11, 2019 | 10:39

The breakdown in the numbers was also positive, with 67,400 new full-time jobs offsetting a loss of 11,600 part-time positions. The two-month gain is the best start to a year since 1981. At Friday's appearance, Notley was announcing a new, $600M petrochemical upgrading facility to be built northeast of Edmonton, and says her government will continue with such initiatives to help add jobs to the economy.

by | March 11, 2019 | 10:36

Climate crusaders celebrating Norway's proposal to divest its sovereign wealth fund from oil and gas stocks should pause before popping the carbon-neutral champagne. "Exploration and production companies will be phased out from the fund gradually over time", the government proposal said , without giving a timeline.

by | March 11, 2019 | 10:34

The stock has slumped since then, closing at $284.14 on Friday, after Chief Executive Officer Elon Musk slashed the prices of Tesla cars and announced the company will close nearly all its stores. The company has said manufacturing in the world's largest market for electric cars would help reduce transport and tariff costs. The company, which is backed by Chinese tech giants Baidu, Tencent and JD.com, said in a statement Tuesday that it was dropping the plans after posting losses of 9.6 ...