Sunday November 18-th, 2018

Tilray shows the highs, lows of investing in pot Tilray shows the highs, lows of investing in pot

Privateer's stake in Tilray was valued at $7.9 billion as of 12:15 p.m.in NY on Wednesday, giving each founder a net worth of at least $2.6 billion, assuming they hold equal stakes. Medical marijuana is allowed in 29 states. Tilray is now one of the...

Expensive pair of taped sneakers slammed for glorifying poverty Expensive pair of taped sneakers slammed for glorifying poverty

Nordstrom is now selling a pair of sneakers with scuff marks and tape for more than $500. The description of the "crumbly" shoes reads, "Crumply, hold-it-all-together tape details a distressed leather sneaker in a retro low profile with a signatu...

Comcast beats Fox in Sky auction with NZ$58 billion bid Comcast beats Fox in Sky auction with NZ$58 billion bid

But Comcast's final winning bid on Saturday - which gives Sky an enterprise value of over £30 billion - dwarfed Fox's. Sky's independent directors have recommend Comcast's bid to shareholders, urging them to accept the offer immediately.

Trump Presses OPEC to Reduce Prices as Crude Trades Near $80 Trump Presses OPEC to Reduce Prices as Crude Trades Near $80

Trump's comments come ahead of the Organization of the Petroleum Exporting Countries meeting with Russian Federation and other big producers for the World Oil Outlook meeting in Algiers this weekend where they will discuss boosting output to push p...

Uber in talks to buy food delivery company Deliveroo Uber in talks to buy food delivery company Deliveroo

Merger talks between Uber and Deliveroo are "potentially terrifying" for Just Eat , analysts warned yesterday as shares in the British takeaway delivery company nosedived. The negotiations abruptly ended after SoftBank concentrated on backing ...

Cathay Pacific Had No ‘F’s to Give in Massive Typo on Plane Cathay Pacific Had No ‘F’s to Give in Massive Typo on Plane

The Hong Kong-based airline amused netizens when it poked fun at the spelling gaffe on Twitter yesterday. Cathay Pacific responded quickly, making light of the situation. An engineer from Haeco, a maintenance company and Cathay Pacific subsidiary...

UAE: Etihad refreshes freight network to concentrate on core trade lanes UAE: Etihad refreshes freight network to concentrate on core trade lanes

Emirates is owned by the government of Dubai, while Etihad is controlled by the government of neighboring Abu Dhabi. According to Bloomberg , if the two airlines chose to merge, the market value would be bigger than $19.2 billion, which is bigger th...

India engages with US to ensure energy security amid Iran sanctions India engages with US to ensure energy security amid Iran sanctions

Asked whether Japanese refiners have suspended their Iranian oil loadings beyond October, Tsukioka said: "I understand that each company's position [over Iranian oil loadings] is the same, to have suspended them while monitoring the situation".

Comcast battle to buy Sky to be settled by auction in UK Comcast battle to buy Sky to be settled by auction in UK

The takeover battle for Sky plc, the owner of Sky News , will be decided in a three-round auction to conclude on Saturday evening, it was announced today. The news follows a report by Bloomberg that the takeover battle for Sky SKY-GB would likely be...

USA stocks trade mixed - Dow rallies, Nasdaq underperforms USA stocks trade mixed - Dow rallies, Nasdaq underperforms

The Philadelphia Semiconductor Index gained 1.2 percent. The Dow has now risen by 7.8 per cent since the start of the year, while the S&P 500 has added 9.6 per cent. The S&P 500 also notched an all-time high. The Nasdaq composite climbed 78.1...

RBS apologises for locking customers out of online accounts RBS apologises for locking customers out of online accounts

The outages began mid-morning affecting online, telephone, mobile and branch services and continued through the afternoon. Customers say they can not get the Barclay's homepage to load meaning there is no access to their online account portal.

Donald Trump's trade war will push up prices, predicts Walmart Donald Trump's trade war will push up prices, predicts Walmart

While both the Chinese and United States measures are set to go into effect Monday, Trump previously noted that the initial 10 percent tariffs would rise to 25 percent on January 1, 2019. Ma and Trump met in January 2017 to discuss how adding small...

Just How Low Can Iran’s Oil Exports Go?

Iran is an important supplier of oil to Japan, accounting for about 5 percent of its crude imports, and Japanese refiners, together with the government, will try to maintain its good relationship with the Middle Eastern country, said Tsukioka, ad...

Oil up on supply concerns ahead of OPEC meeting

Two of OPEC's founding members, Iran and Venezuela, are under sanctions from Washington. Incumbents who face challengers in the upcoming US mid-term elections have reasons to want oil prices - and in turn, gasoline prices at the pump - to be lowe...

NHTSA gives 2018 Tesla Model 3 ideal marks for crash safety NHTSA gives 2018 Tesla Model 3 ideal marks for crash safety

As a result, the Model 3 landed its Consumer Reports recommendation. The first photo below is the aftermath of NHTSA's frontal crash testing, a test which "simulates a head-on collision between two similar vehicles, each moving at 35 mph" and tak...

Oil rises one percent on signs OPEC not prepared to boost output Oil rises one percent on signs OPEC not prepared to boost output

Crushing U.S. oil sanctions on Iran will resume in early November and already, American allies in Asia are cutting back on their purchases of Iranian crude. The escalating trade row is raising concerns about the potential for slower growth in oil c...

Young boy admits putting needles into strawberries Young boy admits putting needles into strawberries

On Wednesday, an Australian government minister said at least 100 reports had been received of needles in fruit. " Obviously in the last few days we found a young person has admitted to a prank, including putting needles in strawberries , and...

European Union also preparing for 'No Deal Brexit' European Union also preparing for 'No Deal Brexit'

It leaves Mrs May with little defence from circling Brexiteers in her own party, with just over a week until the Conservative conference. He said that while there were " positive elements " in May's Chequers plan , a deal that puts the single mark...

UK's May seeks more compromise from European Union ahead of meeting UK's May seeks more compromise from European Union ahead of meeting

Britain and its European Union partners failed on Thursday to secure a breakthrough in Brexit talks, largely because of seemingly intractable divisions over the best way to avoid a hard border on the island of Ireland and how to deal with future trad...

Amazon Storefronts launched to help SMBs sell products online Amazon Storefronts launched to help SMBs sell products online

The portal is a sort of promise ring to the SMB community that sells on Amazon, as it vows to promote smaller companies and help their products stand out among the millions of businesses that sell on the site. It will also feature the small businesse...

UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF) UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF)

As we've already reported , the e-tron will produce 265 kW and 561 N.m, with this "peak performance" available for up to 60 seconds. That technology can't come to the USA until receiving approval from federal regulators. An American range hasn't bee...

Amazon wants 3000 Amazon Go stores by 2021 Amazon wants 3000 Amazon Go stores by 2021

Amazon opened its first cashierless store in Seattle two years ago (pictured) and has launched two additional locations in Seattle and another in Chicago. Sleek black cameras monitoring from above and weight sensors in the shelves help Amazon dete...

At least 30 people hurt after Jet Airways plane loses cabin pressure At least 30 people hurt after Jet Airways plane loses cabin pressure

A Jet Airways Mumbai-Jaipur flight was turned back to Mumbai mid-air on Thursday as, the crew forgot to select switch to maintain cabin pressure . The flight heading to Jaipur, Rajastan state, was forced to returned to a Mumbai airport, with 3...

Alibaba says US-China trade war ends US jobs promise Alibaba says US-China trade war ends US jobs promise

But Ma told official news agency Xinhua his vow had been made on the basis of continued cooperation and trade growth between the USA and China, and would now be hard to fulfill. Ma expressed need for "new trade rules" over the long-term. One mil...

Coca-Cola denies reports they are looking at making cannabis-based drinks Coca-Cola denies reports they are looking at making cannabis-based drinks

Company Vice President, Kent Landers, said: "Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world". Cannabidiol is a non-psychoa...

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