Finance

by | November 08, 2019 | 17:59

SoftBank Group recorded a massive loss of $6.5 billion in the third quarter, spurred by some of its biggest tech bets like Uber and WeWork . SoftBank's Vision Fund posted a 970.3 billion yen loss in the quarter, citing a drop in valuation of investments.

by | November 08, 2019 | 15:38

Even in manufacturing, which has been hit particularly hard by President Donald Trump's trade war, investors saw some hopes that things may be hitting bottom soon. The Russell 1000 value index has climbed almost 2 per cent over the past three sessions compared to a gain of 0.8 per cent for the Russell 1000 growth index.

by | November 08, 2019 | 12:25

Chinese officials said earlier on Thursday that tariff reductions had been agreed, and a USA official confirmed that was the case early Thursday afternoon. Visit Business Insider's homepage for more stories . The Oct. 12 agreement helped ease market jitters, but the two sides have yet to announce progress on major disagreements over technology and other irritants following 13 rounds of talks.

by | November 08, 2019 | 07:25

It also comes hot on the heels of the first Volkswagen electric ID3 - which rolled off the floor at the German carmaker's refurbished and now EV-only facility in Zwickau, and which signals the start of VW's bid to catch up and then take the lead in electro-mobility.

by | November 08, 2019 | 04:41

However, Gates said he isn't a supporter of the wealth taxes proposed by Democratic presidential candidates . But just because Gates can write a 12-digit check for taxes doesn't mean he should, the tech founder said. "You really want the incentive mechanism to exist without threatening it". Warren is proposing a 6% wealth tax on fortunes above $1 billion to help fund " Medicare for All ".

by | November 07, 2019 | 21:42

California is far from alone in probing Facebook for its utter disregard of users' privacy - 47 of 50 U.S. states are doing the same, with some going further and investigating whether the platform has engaged in anti-competitive practices in violation of antitrust laws.

by | November 07, 2019 | 21:42

The Bank of England is set to keep its main interest rate on hold at 0.75% as it awaits more clarity over Britain's departure from the European Union . The growth forecast would have been weaker still without higher spending announced by the government in September which the BoE said would add 0.4% to the economy.

by | November 07, 2019 | 18:55

Both of the new studies were published online November 5 in the Journal of the American Medical Association . The Governor's office cites figures from the Department of Health indicating close to 40 percent of 12 grade students and 27 percent of high school students in New York State now use e-cigarettes, with the number of high schoolers using the products 160 percent higher in 2018 than it was in 2014.

by | November 07, 2019 | 16:24

Gao Feng, a ministry spokesperson for China's Commerce Ministry, said that both sides had agreed to simultaneously cancel some existing tariffs on one another's goods, according to the country's state broadcaster. US President Donald Trump had planned to sign a pact with China's Xi Jinping on the sidelines of the now-cancelled summit in Chile this month. They also sought relief from earlier 25% tariffs on about $250 billion of imports, ranging from machinery and semi-conductors to furniture.

by | November 07, 2019 | 13:56

On Saturday, in response to the Orinda shooting, Chesky announced on Twitter that the company would ban "party houses," and shared several measures the company would take to combat unauthorized parties and weed out "abusive host and guest conduct".

by | November 07, 2019 | 10:24

On top of this delightful collection, coffee-lovers will also get to show off their festive favorites in one of this year's four holiday cup designs. There is also a reusable holiday cup, which Starbucks is giving away free to customers who order a holiday drink on November 7.

by | November 07, 2019 | 10:25

OPEC has been in a partnership with Russian Federation and nine other non-OPEC countries for nearly three years. However, hopes for a breakthrough on trade in talks between the United States and China, the world's two biggest oil consumers, remained and kept price falls in check.

by | November 07, 2019 | 07:00

Under the bonnet is a a Phi-Power dual-core electric motor and dual power inverters, which draw power from an 800-volt Webasto battery system that discharges a mega-watt of electrical energy. Its presence will also help the company "gauge the level of interest" high-performance electric cars will have from customers. "At 800 volts, that's twice the voltage of most electric cars on the road today".

by | November 07, 2019 | 02:41

However, the state firm said there were no current plans for an worldwide listing, indicating that the long-discussed goal for a two-stage IPO including an offering on a foreign bourse had been put aside. "Then it came down by 10%", Rumayyan said. However, JP Morgan Chase did not offer a valuation but gave investors a full set of financial forecasts for Saudi Aramco.

by | November 06, 2019 | 21:29

They may utilize their prepaid card service through the Bank of Shanghai. Alipay now serves over 1 billion users, however access to the Alipay app has previously required a Chinese bank account and phone number, making it inaccessible to short-term overseas visitors.

by | November 06, 2019 | 06:30

An additional 1.5 billion shares could be eligible to trade according to Renaissance Capital, almost doubling the total number outstanding. The company's prior guidance called for a loss of $3.2 billion to $3 billion. Refinitiv analysts expected earnings loss of Dollars 0.81 per share on revenue of USD 3.69 Billion. The loss amounted to 68 cents a share and was wider than the $986 million shortfall in the same period a year ago.

by | November 06, 2019 | 02:40

He was taken to a hospital, where he died less than an hour later. "What we have since been able to determine.is that this is related to the release of the sandwich here at this restaurant". There was a fight outside of the food chain after someone cut the line. The argument began inside the restaurant and moved outdoors before escalating.

by | November 05, 2019 | 22:36

The company plans to use the new logo on products and marketing materials in the weeks ahead. The new logo is a simple all-caps text representation in a custom font. It's not a new logo for the social media service that's also named Facebook . These included messages sent via Messenger being end-to-end encrypted, and hiding the number of likes an Instagram post receives from everyone but the person who shared it.

by | November 05, 2019 | 12:16

The rising optimism was evident not only in major USA stock indexes but also in rising yields for Treasurys. Stocks are broadly higher on Wall Street, pushing the Dow Jones Industrial Average toward an all-time high for the first time since July.

by | November 05, 2019 | 07:29

There have been no reported illnesses associated with these recalled products. The recalled packages have a sell by date of November 16 and include some varieties of Mann's, HEB, Del Monte and Trader Joe's. That is in addition to seven products in two related recalls last week. Listeria monocytogenes can cause serious illness in young children, elderly people, and other people with weakened immune systems.

by | November 05, 2019 | 05:31

This means that Facebook , the social network, will maintain the same blue-and-white look we have been seeing for years. In that sense, this logo change is actually pretty interesting, as it represents the first formal step in doing something that has proven to be a bit controversial: hybridizing the biggest Facebook properties , which includes Facebook , Messenger, Instagram , and WhatsApp .

by | November 04, 2019 | 23:58

As of Friday, there have been ten reported cases of the infection linked to ground beef: eight people have gone to the hospital and one person has died. The CDC said it is not advising that people "stop eating thoroughly cooked ground beef, or that retailers stop selling ground beef". Samples from slaughter and processing establishments were collected as part of FSIS's routine testing under the Salmonella performance standards.

by | November 04, 2019 | 23:40

Popeyes' chicken sandwich sparked a social media frenzy when it arrived August 12. The crispy buttermilk battered and hand breaded white meat chicken filet was an instant hit when it was introduced last summer and quickly sold out, with the promise of a permanent return to the menu of its 3,000 restaurants nationwide .

by | November 04, 2019 | 22:53

The company recorded an nearly 40% jump in productivity levels after cutting its work hours as part of a wider project to promote a healthier work-life balance. The average American works 34.4 hours per week, according to the Bureau of Labor Statistics . That boon was thanks in part, Microsoft said, to meetings capped at 30 minutes and an increase in remote conferences.

by | November 04, 2019 | 20:25

Such as how much of the company will be sold, or when the sale will happen. The value of the firm has dropped after the attacks as bankers claim that investors will probably value Saudi Aramco at almost US$1.5 trillion. Next, year, Aramco plans to pay out $75 billion in dividends. The Crown Prince is counting on those earnings and Saudi Arabia's vast oil reserves - the world's biggest deposits of conventional crude - to attract investors.