Saturday February 16-th, 2019

Bank of America Surges as JPMorgan Stumbles, Jamie Dimon Dings Analysts Bank of America Surges as JPMorgan Stumbles, Jamie Dimon Dings Analysts

JP Morgan Chase became the latest Wall Street bank to report the damage of December's volatile market conditions , disclosing a decline in revenues and profits in its investment banking business driven by a weaker fixed income markets sector.

SpaceX to axe workforce by 10 percent SpaceX to axe workforce by 10 percent

But the market size for launches is finite, and SpaceX President and Chief Operating Officer Gwynne Shotwell has warned there might be a slowdown in orders from the geo-telecommunications industry. Musk is an unwitting media darling who generates c...

Trump cancels U.S. delegation’s visit to Davos amid shutdown Trump cancels U.S. delegation’s visit to Davos amid shutdown

Ms Sanders said in a statement that the decision was made "out of consideration for the 800,000 great American workers not receiving pay". It was just two days ago that the White House released a list of the presidential delegation to Switzerland f...

Germany avoids recession after 'slight' growth in Q4 Germany avoids recession after 'slight' growth in Q4

Gross domestic product rose a price-adjusted and chain-linked 1.5 percent from 2017, when it expanded 2.2 percent. German growth was weakest in the second half of the year, with the third quarter especially poor as the economy contracted 0.2 percen...

WEF report urges more collective will to tackle global risks WEF report urges more collective will to tackle global risks

We simply do not have the gunpowder to deal with the kind of slowdown that current dynamics might lead us toward. The forum says 65 heads of state and government-including Jair Bolsonaro, who is expected as part of his debut overseas trip as Brazil...

Shopko pharmacy to close, store spared Shopko pharmacy to close, store spared

The decision was reportedly based on Shopko's review of stores' long-term outlook for profitability, sales trends and potential growth. The company made the move Wednesday, saying in a statement that the retailer had amassed $480 million in debt....

Les Moonves to fight CBS Corp. for $120 million severance in arbitration Les Moonves to fight CBS Corp. for $120 million severance in arbitration

On December 17, the board released a statement that said Moonves had breached his employment contract and would not receive severance . Before the Me Too movement inspired women to share their experiences with sexual abuse, Moonves was one of th...

Florida employee awarded $21M after being forced to work on Sundays Florida employee awarded $21M after being forced to work on Sundays

It was gathered that the middle-aged woman had been a devout dishwasher at Conrad Hotel for over a decade and since inception of her time of working, had made it clear that she will not work Sundays as she dedicated it to God. But according to Brumer...

Tesla to cut workforce by 7%, says 'road ahead is very difficult' Tesla to cut workforce by 7%, says 'road ahead is very difficult'

But he added the firm's cars were still "too expensive for most people" and the road ahead was "very difficult". A Tesla spokesperson said the move was part of a phased recall under a schedule previously set by the US National Highway Traffic Saf...

Hack a Tesla Model 3, get cash and the vehicle Hack a Tesla Model 3, get cash and the vehicle

It is a good bounty hunt as the winners will share over $1 million in cash and prizes in this year's contest. This is the first time that a auto with Tesla's potential is tested at the Pwn2Own, but it is also a good sign for the vehicle manufacture...

Lotus cars could be made in China at new Geely plant Lotus cars could be made in China at new Geely plant

The move is in line with Geely's ambitions to build more premium cars, which will help shake off its reputation for copycat designs and shoddy quality, the report states. A company spokesperson said: " Lotus and our shareholders are fully committed ...

Mastercard Zaps Free Trials That Turn Into Sneaky Subscriptions Mastercard Zaps Free Trials That Turn Into Sneaky Subscriptions

Free trials are a great way to test a service before deciding whether you would like to sign up to it on a long-term basis. "These situations can be frustrating and costly for both consumers and their banks". It's not clear whether merchants will b...

John Bogle, founder of Vanguard, dies at 89 John Bogle, founder of Vanguard, dies at 89

Bogle, who had struggled with a congenital heart defect and had several heart attacks, had received a heart transplant in 1996. Dubbed "The Vanguard Experiment", rather than relying on the stock picking skills of fund managers, it simply tracked a ...

USA investigating whether Huawei stole trade secrets USA investigating whether Huawei stole trade secrets

Set a simple standard: "If a Chinese telecommunications company is found to have violated United States sanctions, it will be punished more severely than ZTE". - Ask the President to impose strict penalties on ZTE or any Chinese telecommunication...

Trump cancels United States delegation’s visit to Davos amid shutdown Trump cancels United States delegation’s visit to Davos amid shutdown

Trump postponing Pelosi's trip over the shutdown was itself seen as retaliation to her demanding the president put on hold his State of the Union address until the government reopens. Trump had earlier pulled out of attending the forum because of the...

Trump signs bill to compensate gov’t workers for wages lost during shutdown

He said the "hope is this resolves quickly and that it won't have a major impact on the long-run outlook, even though it does have a major impact on individual lives". President Trump's Council of Economic Advisers' new estimates show that the part...

Victory: Eddie Lampert's $5.2 Billion Bid Rescues Sears from Bankruptcy Victory: Eddie Lampert's $5.2 Billion Bid Rescues Sears from Bankruptcy

Lampert, who steered the company into Chapter 11 bankruptcy protection in October , is aiming to keep open roughly 400 stores and preserve tens of thousands of jobs. Under Lampert, Sears has survived by spinning off stores and selling brands that ha...

Ripple (XRP) Price Could Soon Rally Versus Bitcoin (BTC) Ripple (XRP) Price Could Soon Rally Versus Bitcoin (BTC)

In the last seven days, Bitcoin X has traded down 29.3% against the USA dollar. Bitcore can be bought or sold on these cryptocurrency exchanges: Exrates, QBTC, CoinExchange, Trade Satoshi, Bit-Z, CryptoBridge, HitBTC and Cryptopia. Bitcoin price ...

Microsoft Pledges $500 Million for Affordable Housing in Seattle Area Microsoft Pledges $500 Million for Affordable Housing in Seattle Area

Since 2011, job growth in the region has been 21 per cent while housing construction growth has trailed at 13 per cent. $250 million invested at market rate returns to support low-income housing across the King County region. Microsoft is coupling ...

Man banned from Royal Caribbean after jumping off cruise ship Man banned from Royal Caribbean after jumping off cruise ship

Naydev jumped from the balcony of his room on the 11th deck of Royal Caribbean's Symphony of the Seas while it was docked in Nassau. Reaction to the video was swift, judging by the comments posted to Instagram . "You are extra dumb", one person ...

Goldman Sachs Trades Higher After Q4 Beat (NYSE:GS) Goldman Sachs Trades Higher After Q4 Beat (NYSE:GS)

Volume on US exchanges was 7.48 billion shares, compared to the 8.69 billion average over the last 20 trading days. At 9:47 a.m. EDT the Dow Jones Industrial Average was up 138.25 points, or 0.57 percent, at 24,203.84, the S&P 500 was up 11.59 poin...

Senate Democrats sponsor bill to hike minimum wage to $15 an hour Senate Democrats sponsor bill to hike minimum wage to $15 an hour

Gov. Phil Murphy holds a press conference on minimum wage on November 26 in Trenton. On Monday, a state Senate subcommittee panel advanced legislation to increase Virginia's minimum wage to $15 by 2021 while the District of Columbia will hit the ...

Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May

He added: "Take no-deal off the table now, please Prime Minister". But Mr Corbyn immediately rejected the invitation, saying he would not participate unless Mrs May ruled out a no-deal departure from the bloc in March. "I propose we negotiate wit...

German Airport Security Staff Begins A Day Strike German Airport Security Staff Begins A Day Strike

Passengers are asked to make their inquiries to the airline, Karine said. Germany's powerful Verdi union said the strike would last from 2am until 8pm (0100-1900 GMT) at Frankfurt airport , with walkouts in Munich , Hanover, Bremen , Hamburg , ...

Brexit: Election failure puts pressure on Corbyn to back vote Brexit: Election failure puts pressure on Corbyn to back vote

Meanwhile, the Liberal Democrats, SNP, Plaid Cymru and the Green Party are all pressing for a second referendum -something which the prime minister has made very clear she can not countenance. "That deal is dead", he said. "You can't go back and ch...

IN CASE YOU MISSED IT