Finance

by | April 28, 2019 | 12:27

According to the suit by New York Attorney General Letitia James, Bitfinex customers sent more than $1 billion to Crypto Capital previous year. "Bitfinex-Tether2019.04.24_signed_order.pdf" class="local_link" target="_blank">a NY court order claiming the company "lost" $850 million Dollars in customer funds to a Panamanian entity called Crypto Capital then "co-mingled" customer and company funds to cover the loss.

by | April 28, 2019 | 05:21

While the SEC expected Musk to begin regularly clearing tweets with lawyers, Musk interpreted this language as giving him significant discretion to decide for himself which tweets contained material information. By reaching a compromise, Musk would avoid more penalties while the SEC would affirm the Tesla CEO's obligation not to release misleading information on social media.

by | April 27, 2019 | 23:29

Poland, Germany, Ukraine and other countries suspended imports of Russian oil via the pipeline this week due to contamination. German plants belonging to Total, Shell, Eni and Rosneft as well as refineries belonging to Poland's PKN Orlen and Grupa Lotos were all reportedly at risk.

by | April 27, 2019 | 22:29

Thousands of passengers had a harrowing time Saturday morning at airports across the world as the airline's PSS software, which looks after check-in, baggage and reservation, did not function from 3.30 am to 8.45 am due to a technical glitch.

by | April 27, 2019 | 17:40

Per the Independent , in the first two months of 2019, about 30% of all 737 Max flights from European airports were operated by Norwegian. American decided earlier this month to remove its 24 MAX jets, which were grounded worldwide in March following two fatal crashes on other airlines, from its flying schedule through August 19.

by | April 27, 2019 | 10:56

South Africa's total GDP is now valued by the International Monetary at $386 billion. After a blockbuster IPO, Lyft's stock has weakened significantly - shares were down almost 22 percent from their IPO price on Friday. The filing revealed Travis Kalanick, co-founder and former chief executive of Uber, holds 8.6 per cent of the company. Last week, Uber's autonomous vehicle unit raised $1 billion privately from a consortium of investors, including top Uber shareholder SoftBank Group Corp, ...

by | April 26, 2019 | 12:29

A raft of strong USA earnings sent the S&P 500 and Nasdaq to record closes on Tuesday. Meanwhile, the SPDR S&P 500 ETF (NYSEArca: SPY ) is feeling the strength from the index, rising about 1 percent. "Among the key companies that have reported, majority have beaten expectations", said Peter Cardillo, chief market economist at Spartan Capital Securities.

by | April 26, 2019 | 10:26

Its growth, he said, is "a testament to a growing market but also AWS sustained competitiveness with cost-saving downshifting features, a multitude of compute, storage, networking and database options, and winning in core areas of machine learning".

by | April 26, 2019 | 05:55

His lawyer says the court's bail conditions include banning Mr Ghosn from meeting or communicating with his wife without prior permission and having his other movements and communications closely monitored and restricted. Ghosn has been charged with enriching himself at a cost of $5 million to Nissan, temporarily transferring personal financial losses to his employer's books and understating his salary during his time at the helm of Japan's No.

by | April 25, 2019 | 18:45

Now, all Kohl's stores will be accepting Amazon returns . Amazon and Kohl's first partnered in 2017 to bring a trial run of the hassle-free return service to customers at over 100 Kohl's locations in Los Angeles, Chicago and Milwaukee.

by | April 25, 2019 | 17:53

For its third fiscal quarter , which ended on March 31st, Microsoft's Intelligent Cloud division revenue was $9.7 billion, a 22 percent improvement compared to the same quarter a year ago. As for where Microsoft looking beyond this rather impressive quarter, the company expects "intense competition in all of our markets that may lead to lower revenue or operating margins", but is pushing forward with an increased focus still on cloud-based services while also experimenting with some ...

by | April 25, 2019 | 15:05

The ground beef involved in the recall was sent to two distributors in Florida and Georgia, and from there it was shipped to various restaurants. There's no established link between the product and the ongoing E. FSIS and other agencies, including the CDC, are continuing to test the beef from K2D Foods to determine if it is related to the ongoing outbreak. The recall applies to two 24-lb vacuum-packed packages in cardboard boxes containing "ground beef puck" with use through dates ranging ...

by | April 25, 2019 | 10:48

April 24, 2019-Rivian today announced an equity investment of $500 million from Ford Motor Company. There is speculation that Amazon will use Rivian's technology to develop a fleet of EV delivery trucks for its own business. The electric vehicle company will remain independent, but Joe Hinrichs, Ford's head of global operations, will join Rivian's seven-member board. Hinrichs will join the Rivian board.

by | April 25, 2019 | 10:10

Facebook needs to show that it's improving on user data practices and content management, said Jessica Liu, a marketing analyst for Forrester. The social network said Wednesday in its first-quarter earnings that it incurred $3 billion in expenses related to an ongoing investigation by the Federal Trade Commission.

by | April 25, 2019 | 04:40

U.S. Secretary of State Mike Pompeo justified ending the temporary waivers that were granted at a news conference Monday. "I don't know what that deal is", Zarif said. Zarif said he doubted that Trump would be willing to take military action against the Islamic Republic. Lebanon , where Iran and the IRGC are active in their support of the Hezbollah movement, and Iraq , where they back Shia militias and have close ties to the government, are two such countries where the U.S.

by | April 25, 2019 | 03:43

Given the growing record of success for its products and those of its competitors, Beyond Meat said the USA plant-based meat category could eventually be worth up to $35 billion. In 2012, the vegan population accounted for around 25.6% of the global population. In fake meat's favor, sales of vegan staples like tofu, brown rice and granola have flattened, while sales of other, plant-based alternatives, including meat and cheese alternatives, have surged, Nielsen found.

by | April 24, 2019 | 17:14

Before AB InBev, Patricio worked at several consumer companies including Philip Morris, Coca-Cola and Johnson & Johnson. Kraft Heinz's outgoing CEO, Bernardo Hees, a 3G partner, told Reuters in September that he was considering M&A to fuel growth.

by | April 24, 2019 | 14:15

The agreement, which will last for at least three years, includes health care, wage increases, retirement benefits, and time-and-a-half pay on Sundays for current union members. Stop & Shop is a subsidiary of Dutch supermarket giant Ahold Delhaize , with 415 stores across the Northeast. On Monday, Ahold said it had struck a "tentative agreement of terms" with five local unions, enabling staff to return to work after 11 days on strike.

by | April 24, 2019 | 11:56

Both offenses carry a maximum jail term of five years and a maximum $250,000 fine each. The government has said it will move to dismiss the remaining charges in exchange for Hutchins' guilty plea. "I knew it was always going to come back", Hutchins said on the call , but that he didn't "think it would be so soon". His actions brought him to global attention, but in August 2017 , after attending the DefCon and Black Hat security conferences in Las Vegas, he was arrested in at the Las Vegas ...

by | April 24, 2019 | 11:41

Speaking on Twitter , the President cited figures showing that tariffs on the bikes will rise to 66 per cent in June 2021. It said US retail motorcycle sales, or sales by dealers to customers, fell 4.2 per cent in the first quarter ended March.

by | April 24, 2019 | 09:56

The Federal Aviation Administration has certified Alphabet's Wing Aviation to operate as an airline, in a first for USA drone delivery companies. "Our next steps over the coming weeks are to begin talking with the communities and businesses in the Blacksburg and Christiansburg areas of Virginia, where we'll begin our commercial delivery pilot as part of the Integrated Pilot Program (IPP) later this year", the release added.

by | April 24, 2019 | 09:13

To do this, Tesla's engineering team optimized the "permanent magnet synchronous reluctance motor, silicon carbide power electronics, and improved lubrication, cooling, bearings, and gear designs". As with all of Tesla's in-house software, the adaptive suspension can receive over-the-air updates, allowing us to enable all Model S and Model X customers to have the most advanced suspension technology at all times.

by | April 24, 2019 | 00:29

In January the company announced plans to spend $10 billion on data centers in the USA within the next five years, about $4.5 billion this year. Apple has already spent an average of $30 million per month for the first quarter of 2019, up 10% from the same amount it spent this time a year ago.

by | April 23, 2019 | 13:15

In an official statement, the airline lenders led by the SBI has said that they are "reasonably hopeful" that the stake sale process would succeed and determine fair value of the enterprise.As per industry sources, private equity firms TPG Capital, Indigo Partners and the NIIF and Etihad Airways are in the race to buy a stake in the grounded carrier.

by | April 23, 2019 | 03:12

Warren spelled out the details of her proposal in a post on Medium , where she argued that student loan debt is "crushing millions of families and acting as an anchor on our economy". Bernie Sanders helped make mainstream during his previous presidential bid, has become a catchall for a variety of plans aimed at making college more affordable.