Sunday December 16-th, 2018

Les Moonves Stepping Down As Chief Executive Officer At CBS Les Moonves Stepping Down As Chief Executive Officer At CBS

CNBC reported on Thursday that CBS's board has offered Moonves a roughly $100 million package to leave, comprised nearly entirely of company stock. This tweet came on the heels of journalist Ronan Farrow's July report where the first of many wom...

Unemployment climbs in Windsor for third month in a row Unemployment climbs in Windsor for third month in a row

Windsor's rate is now tenth highest among 34 larger Canadian cities. Provincially, 5.7 per cent of the labour force was actively looking for a job in August, while nationally the percentage was 6 per cent. Canada's seesawing employment report posted ...

CBS Corp. and Shari Redstone near settlement of legal dispute CBS Corp. and Shari Redstone near settlement of legal dispute

Moonves released this statement to The New Yorker that was also obtained by EW: "Throughout my time at CBS, we have promoted a culture of respect and opportunity for all employees, and have consistently found success elevating women to top executiv...

Petrol price in Delhi crosses Rs 80 mark, diesel at highest ever

The surge in rates has renewed calls for a cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying worldwide oil prices are volatile and have not shown any linear movement. The price build-up of petrol in Delhi as on...

Energy price cap will save 11m households £1bn a year, says watchdog Energy price cap will save 11m households £1bn a year, says watchdog

Stephen Murray, energy expert at MoneySuperMarket, suggested there was an element of "political soundbite" to Ofgem's price cap announcement, and that there were already options in place for customers to save on energy bills now. If you are one of ...

Bitcoin Drops 3 Percent in 10 Minutes, Ethereum Plunges 12 Percent Bitcoin Drops 3 Percent in 10 Minutes, Ethereum Plunges 12 Percent

Some analysts have already suggested that the news directly impacted prices in the cryptocurrency markets, which dropped sharply on Wednesday. Its report suggests the bank was looking for regulatory developments that haven't yet materialized....

Ford F-150 Recall for Seat Belt-Related Fire Risk Ford F-150 Recall for Seat Belt-Related Fire Risk

Ford says there have been 17 reports of smoke or fire in the USA and six in Canada , though there have not been any injuries or accidents associated with the defect. The National Highway Traffic Safety Administration said last month it was investi...

Trump threatens tariffs on almost all of China's USA imports Trump threatens tariffs on almost all of China's USA imports

The tariffs would potentially hurt USA companies that import everything from handbags to bicycle tires. They say a full-blown trade war by 2021 could shrink America's annual economic output by an average of one-third of a percentage point and Chi...

High there: Reaction to Elon Musk smoking pot is snarky, blunt High there: Reaction to Elon Musk smoking pot is snarky, blunt

Recreational marijuana is legal in California , but Musk had previously dismissed questions about whether he used the drug. Morton and Toledano's departures - and Musk's performance on the podcast - also alarmed James Albertine, who rates Tes...

Burberry Stops Using Fur & Says It Will Stop Burning Unsold Goods Burberry Stops Using Fur & Says It Will Stop Burning Unsold Goods

The company, whose brand ambassadors have included actress and model Cara Delevingne and former Doctor Who Matt Smith, now says it will reuse, repair, donate or recycle all unsaleable products. It has also formed a partnership with sustainable luxury...

USA job growth surges; annual wage gain largest since 2009 USA job growth surges; annual wage gain largest since 2009

The financial services and education and health services sectors lead the way in August with 53,000 jobs gained in each sector during the month. August's job gains slightly beat analysts' expectations, while the unemployment rate remained near histor...

Obama speaks at U of I: Trump is ‘capitalizing on resentment’ Obama speaks at U of I: Trump is ‘capitalizing on resentment’

In unusually direct terms, he made clear his concerns about politics in the Trump era and implored voters - especially young people - to show up at the polls in the November midterm elections. The speech was billed as Obama's first major political ad...

Petrol, diesel prices rise by about 50 paise. Check today’s rate Petrol, diesel prices rise by about 50 paise. Check today’s rate

Propelled by a rise in global crude oil prices and a weakening rupee , the price of petrol in Delhi is now touching Rs 80 while diesel has crossed the Rs 72 mark. Delhi charges a Value-Added Tax of 27 per cent on petrol and 17.24 per cent on diesel....

Amazon and Bernie Sanders at it again: Sanders introduces 'Stop BEZOS Act' Amazon and Bernie Sanders at it again: Sanders introduces 'Stop BEZOS Act'

In a tweet about the bill, Sanders stressed that he still thinks the government "has a moral responsibility to provide for the vulnerable". -California, on Wednesday proposed legislation that would impose a 100 percent tax on companies equal to the...

Is Goldman Sachs abandoning its bitcoin plans? Is Goldman Sachs abandoning its bitcoin plans?

This would include a lot of panic selling from a bit of news; but if Goldman Sachs knows something that the market finds out later we may see this come to fruition. In addition, in April this year, Goldman brought Justin Schmidt on board as its...

What A New NAFTA Deal Might Mean For The Auto Industry What A New NAFTA Deal Might Mean For The Auto Industry

The US and Canada have been unable to agree on several issues, including barriers that Ottawa places on the import of dairy, Canadian rules on movies, books and other media, and on the mechanism to settle trade disputes, The New York Times has repo...

China vows retaliation to new United States tariffs China vows retaliation to new United States tariffs

Beijing has already threatened to impose tariffs on $US60 billion worth of USA goods in response, and on Thursday morning it reiterated this stance with the Ministry of Commerce spokesman Gao Feng telling reporters that China "will have to reta...

Bitcoin Value Drops Sharply, Concerning Investors and Experts Bitcoin Value Drops Sharply, Concerning Investors and Experts

Cryptocurrency markets seemed to respond negatively to the news. Bitcoin dropped roughly 5 percent, falling below $7,000. Concurrently, the investment bank (which is already a market maker for Bitcoin futures and contracts for difference) plans to ...

RBA keeps interest rates on hold at 1.5% RBA keeps interest rates on hold at 1.5%

In the first half of 2018, the economy is estimated to have grown at an above-trend rate. Mr Lowe said the 1.5 % cash rate is supporting the Australian economy, but the RBA still has concerns over United States worldwide trades. It will hit the...

FDA: 'Do NOT eat. DO NOT buy' Honey Smacks cereal FDA: 'Do NOT eat. DO NOT buy' Honey Smacks cereal

What's the Problem and What's Being Done? The FDA has been investigating the outbreak since May 17, which is when the agency says it was informed of a cluster of Salmonella Mbandaka illnesses in multiple states. "If they're still in your cabine...

Toyota recalling one million vehicles over potential fire hazard Toyota recalling one million vehicles over potential fire hazard

This is because a part of the electrical system in the vehicles are faulty and could potentially cause a fire in the engine. Only the Prius model would be recalled in the United States, where around 192,000 vehicles were affected, he said.

Volvo's 360c concept lays the foundation for the autonomous vehicle of tomorrow Volvo's 360c concept lays the foundation for the autonomous vehicle of tomorrow

According to Volvo , the 360c concept "capitalises on the freedom in design" afforded by fully autonomous electric vehicles, as they would not need a steering column or reserve a large area for a combustion engine. For example, within the United S...

Elon Musk in new rant at Thai cave rescuer Elon Musk in new rant at Thai cave rescuer

He alleged that Mr Unsworth had spent decades visiting and living in Thailand , recently moving to Chiang Rai in northern Thailand "for a child bride who was about 12 years old at the time ". What other allegations does Musk make? Musk had unsucce...

As Mercedes unveils its electric SUV, Tesla's stock slumps As Mercedes unveils its electric SUV, Tesla's stock slumps

The EQC has extended roofline, window layout with a low waistline and the coupe-like roof recess at the rear. A striking visual feature comes in the form of an illuminated horizontal line that runs across the top of the grille, providing a continuous...

Crypto Community is Buzzing about Goldman Sachs News Dumping Bitcoin Price Crypto Community is Buzzing about Goldman Sachs News Dumping Bitcoin Price

Cryptocurrency markets seemed to respond negatively to the news. The move comes as bitcoin dropped over 5% in about 90 minutes. Emerging regulations and increasing investor interest have drawn Wall Street into the cryptocurrency sector, and with a ...

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