Finance

by | August 21, 2019 | 16:54

Walmart did not specify an amount it's seeking from Tesla, but did claim the fires have caused millions of dollars worth in damages. The retail giant alleges solar panels installed by Tesla caught on fire at seven stores . Electric vehicle maker Tesla is trying to restart its solar-panel business by informing potential consumers of the opportunity to rent rooftop solar-panel systems rather than buy them.

by | August 20, 2019 | 19:41

The first reprieve was granted after the Trump Administration signed an executive order that prevented US companies from purchasing telecommunications equipment from foreign companies that were considered a national security risk. Huawei said in a statement that the temporary relief "does not change the fact that Huawei has been treated unjustly". Attempts to suppress Huawei's business won't help the USA achieve technological leadership.

by | August 20, 2019 | 18:41

Officials maintain that the tariffs, which are taxes on imports, will help the administration gain more favourable terms of trade. A White House official denied The Post's report, telling INSIDER, " cutting payroll taxes is not something under consideration at this time".

by | August 20, 2019 | 16:15

According to the official announcement , Rakuten Wallet users can now download the smartphone app and buy and sell crypto assets as well as deposit and withdraw Japanese yen. It has also adopted two-step authentication to prevent unauthorized use. The online retailer acquired the crypto exchange because the role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future.

by | August 20, 2019 | 07:59

Understandably, attendees in the room were left shocked and started to take out their smartphones to film what seemed to be the most expensive auto ever sold at a public auction . Sotheby's, of course, was the auction house that sold a Banksy for $1.4 million past year, moments before it self-destructed in front of a shocked audience .

by | August 19, 2019 | 14:57

The latest is that the Chinese company would still be allowed to work with couple of it's USA partners even though it was promised of being lifted off the United States trade blacklist. A Commerce Department spokesman did not immediately respond to a request for comment. When the Commerce Department blocked Huawei from buying USA goods earlier this year, it was seen as a major escalation in the trade war between the world's two top economies.

by | August 19, 2019 | 08:58

In January, the company recalled chicken nuggets because they contained " small pieces of soft, blue plastic ", the Miami Herald reported. The USDA announced the recall Thursday over possible contamination of "extraneous materials". Tyson Foods is recalling their Weaver brand frozen chicken patty products . Tyson Foods said concerned customers can make contact via a toll-free line at 855-382-3101.

by | August 19, 2019 | 08:16

Protesters also wore patches over their right eyes to symbolize solidarity with a woman they say was shot in the eye by a projectile fired by police during a protest on August 11. Protesters had previously clashed with police in the streets during other weekend protests and for two days last week at Hong Kong's worldwide airport, leading to the cancellation of almost 1,000 flights.

by | August 18, 2019 | 23:09

The U.S. Treasury yield curve temporarily inverted on Wednesday, with two-year note yields exceeding 10-year yields, signaling growing concerns over a recession in the world's biggest economy. -China trade dispute and uncertainty over Brexit , as well as rising US stockpiles of crude and higher output of USA shale oil. Crude is also being affected by news that a representative at China's Ministry of Foreign Affairs, said China "hopes the USA will meet China halfway and implement the ...

by | August 18, 2019 | 21:56

In June of past year, Acura launched the 2019 RDX as the first in a new generation of Acura models designed from the ground up around Precision Crafted Performance . This is no mere design frippery for a high-end vehicle show, never to be seen again, however. As part of the Monterey Car Week in California, Acura is debuting a brand new sedan concept that sets the stage for the launch two Type S performance variants in the next two years after a decade-long hiatus, beginning with the ...

by | August 18, 2019 | 17:43

WeWork is an office subleasing company on steroids, with a complicated corporate structure topped by a single person, CEO Adam Neumann , who has unusual measures of control or influence over the company. WeWork was valued in January at $47 billion in a private fundraising round, according to data provider PitchBook. Those so-called "enterprise memberships" are valuable to WeWork because they typically sign up for longer-term commitments.

by | August 18, 2019 | 14:44

Due to significantly higher share-based compensation expenses previous year, the net income attributable to ordinary shareholders increased significantly to 21.3 billion yuan ($3.1 billion). "We will continue to expand our customer base, increase operating efficiency and deliver robust growth", said CEO Daniel Zhang . Revenue from its core operations of e-commerce increased 44 percent year-on-year to about 99.5 billion yuan, according to the report.

by | August 18, 2019 | 07:58

Chipmaker Nvidia jumped 7.3% after reporting surprisingly good results for its latest quarter. Technology companies and banks did the most to drive Friday's broad rally as investors regained some appetite for riskier holdings. The S&P 500 rose 11 points, or 0.4%, to 2,851. Bond prices fell, sending yields higher. Looking across the markets, the front-end rates remained under pressure with the 2-Year UST-bill yields seeing modest gains to extend their rally to 16bps for the week while ...

by | August 17, 2019 | 19:57

Markopolos and his team primarily focused on GE's long-term-care insurance business. The company called Markopolos conflicted, and his claims "unsubstantiated". "And we have to support our families". In his report this week, investigator Harry Markopolos accused GE of utilising numerous same accounting tricks as Enron did to mislead the investors.

by | August 17, 2019 | 19:38

Russian Federation and other non-OPEC producers, known as OPEC+, agreed to reduce output by 1.2 million barrels per day (bpd) from January 1 for six months, a deal created to stop inventories building up and prop up prices. Oil services sector-related exchange traded funds were the hardest hit area of the market Wednesday after the Energy Information Administration revealed a second consecutive week of inventory builds and disappointing economic data out of China and Germany.

by | August 17, 2019 | 18:32

This time, the acting FDA commissioner Ned Sharpless said that the 13 warning the agency plans to print on cigarette packs will strongly impact smokers about the factual dangers and risks of smoking. But they now also feature "photo-realistic" images that show in disturbing detail what these health problems look like up close. But the USA tobacco industry filed a lawsuit, claiming the warnings violated its First Amendment rights.

by | August 17, 2019 | 17:02

Hong Kong democracy activists kicked off a weekend of fresh protests on Saturday in a major test for the movement following criticism over an airport protest earlier this week - and as concerns mount over Beijing's next move. In an illustration of the ideological divides now coursing through Hong Kong , pro-government protesters also began rallying on Saturday in a park outside the city's parliament.

by | August 17, 2019 | 10:46

State Department said it was deeply concerned about reports that Chinese police forces were gathering near the border with Hong Kong and urged the city's government to respect freedom of speech. Lee said he sells supplies at a big discount to students, almost 90 per cent off, portraying his involvement as both a business opportunity and also a way to help young people.

by | August 17, 2019 | 10:13

Auto sales logged their ninth month of straight decline in July with vehicle sales dropping 35.95%, a 19-year low. Hit by poor consumer sentiment, the automobile industry saw its monthly sales decline 18.71% last month, the worst ever in almost 19 years, forcing the industry to resort to job cuts.

by | August 17, 2019 | 06:40

Their main takeaway was that with the shocks seen from the deleveraging that followed the inversion of the Treasury yield curve and the dislocations in Argentine financial markets - after the country's bond bubble popped - now over and given "bearish" positioning and "overbought" US Treasuries, policy easing by central banks would trigger a strong rally in stocks.

by | August 17, 2019 | 05:56

The U.S. stock market plunged to its worst day of the year on Wednesday, responding to multiple signals that increase the likelihood of a global recession. Economists listed uncertainty from the U.S. Analyst Oliver Pursche , from financial services company Bruderman, told the BBC: "What's happening in Hong Kong , what's happening with Brexit and the trade war, it's all a mess".

by | August 16, 2019 | 21:32

Trump's tougher stance on Hong Kong followed a debate within his administration over whether Washington was looking too compliant while China appeared to be preparing for a crackdown, a source familiar with the deliberations said. The airline also said Paul Loo had resigned as chief customer and commercial officer, to be replaced by the head of its low-priced arm Hong Kong Express, Ronald Lam.

by | August 16, 2019 | 17:45

Facebook acknowledged the transcriptions, which were first reported by Bloomberg , and said they were made with user permission but the practice has nonetheless been stopped. Unfortunately, perfecting automatic voice recognition is actually an important job for social media platforms like Facebook, which have a dizzying volume of content to pore over in order to determine what's possibly in violation of its policies .

by | August 16, 2019 | 16:53

Apple said there's a limited number of affected MacBook Pros out in the wild, but it still put out a recall in June where it will fix models affected by the battery bork for free. The European Union's Aviation Safety Agency requires electronic devices with small lithium-ion batteries to be switched off during flights. A model "fixed" by Samsung exploded in October 2016 on a Southwest Airlines plane before take-off and the craft had to be evacuated.

by | August 14, 2019 | 11:29

At a press conference yesterday, Lam denounced the "illegal activities" of the protesters, defended the violent actions of the police and warned that "riot activities [have] pushed Hong Kong to the brink of no return". And while Trump has been silent on the issue, a senior U.S. official said in June that Washington might consider sanctions if there was a "precipitating event", such as Hong Kong police being told to stand down and mainland Chinese forces moving in and using violence against ...