Saturday February 16-th, 2019

Tesla cut its Model 3 prices again Tesla cut its Model 3 prices again

The starting cost of the Model 3 is now about $35,000 (roughly Rs. 25 lakhs), after about $8,000 of credits and fuel savings, Tesla Chief Executive Officer Elon Musk tweeted . "It's a super hard grind", he wrote. The billionaire in the past fe...

Alarm bells for construction as output plummets Alarm bells for construction as output plummets

Growth in the housebuilding and civil engineering sectors slowed sharply and activity contracted in the commercial sector for the first time since March, when construction was hit by unusually cold temperatures. Input price inflation continued to mod...

More jobs in January, but unemployment jumps a bit More jobs in January, but unemployment jumps a bit

The number of legal jobs in January neither grew nor diminished from the prior month. The government shutdown, so far at least, isn't having a big impact on the USA workforce as 304,000 jobs were added last month. Education and health care, transpo...

United States oil prices edge up as market eyes tighter supply United States oil prices edge up as market eyes tighter supply

Futures on U.S. and global benchmarks, West Texas Intermediate (WTI) and Brent crude, rose to the highest level since late November 2018. An oil pumpjack and a tank with the corporate logo of state oil company PDVSA are seen in an oil facility in L...

Dem Sen. Elizabeth Warren Still Worth Millions, Disclosures Show Dem Sen. Elizabeth Warren Still Worth Millions, Disclosures Show

Democratic voters supported the plan by 74 percent to 11 percent, while Republican voters backed it by 50 percent to 30 percent. Politico notes that a recent poll from Fox News shows 70% of Americans supporting increased taxes for those earni...

India among countries to benefit from US-China trade war India among countries to benefit from US-China trade war

The report points out that the victor of the trade war isn't likely to be the USA or China, despite each country's protectionist intentions. Other countries would capture an estimated 82 percent of the value of the $250 billion of Chinese exports...

GM Threatens To Sue Canadian Auto Union Over Scathing Super Bowl Ad GM Threatens To Sue Canadian Auto Union Over Scathing Super Bowl Ad

That battle continues, but GM has found itself in the awkward position of amplifying the union's anti-GM message. A Super Bowl commercial not seen in the United States is causing controversy in Canada. Wright adds that the company "contributed ov...

Apple retail chief Angela Ahrendts to leave after five years Apple retail chief Angela Ahrendts to leave after five years

Deirdre O'Brien, soon to be Apple's Senior Vice President of Retail + People. Replacing Ahrendts is Deidre O'Brien, Apple's VP of People and an executive with more than 30 years of experience at the company. Apple announced the news in a statement...

Oil falls on U.S

US crude futures dropped 82 cents to $53.74 a barrel, down 1.5 percent, at 2:03 p.m. EST (1903 GMT). A flotilla of tankers carrying an estimated 7 million barrels of Venezuelan oil are stuck in limbo in the Gulf of Mexico, with some vessels believe...

Mazda teases new compact crossover for Geneva debut Mazda teases new compact crossover for Geneva debut

The Japanese automaker promises the mystery model will feature a "more mature" Kodo design language and the company's latest-generation Skyactiv-Vehicle Architecture. Along with the announcement, Mazda released this teaser of the new SUV's rear, whic...

GM layoffs expected to cut more than 4K white-collar workers GM layoffs expected to cut more than 4K white-collar workers

GM's target for the layoffs was originally around 8,000 people. GM cut about 1,500 contract workers in December, 2018, and said 2,300 salaried workers accepted buyouts, officials said. "Our employees are our priority, and we will communicate with t...

British music retailer HMV receives last-minute offer from Canada's Sunrise Records: FT British music retailer HMV receives last-minute offer from Canada's Sunrise Records: FT

Insiders close to negotiations claim that HMV's creditors are open to the offer, though no concrete financial details have been revealed. HMV fell into administration in December for the second time since 2013 as the chain struggles to fight of...

Trump to tap critic of agency to lead World Bank Trump to tap critic of agency to lead World Bank

A White House official declined to comment. Trump was reported to have cast a wide net for candidates to replace Kim, including interviewing Heidi Cruz, an investment banker who's the wife of GOP Sen. China is the World Bank's third largest shareho...

Apple agrees to pay €500m as tax settlement in France Apple agrees to pay €500m as tax settlement in France

French authorities declined to comment citing the confidentiality of tax matters. The French deal with Apple follows one with Amazon, which agreed to pay $252 million (202 million euros) to cover back taxes for the years 2006 to 2010. For a company...

Oil price surges amid OPEC cuts & USA sanctions against Venezuela Oil price surges amid OPEC cuts & USA sanctions against Venezuela

Futures on U.S. and global benchmarks, West Texas Intermediate (WTI) and Brent crude, rose to the highest level since late November 2018. US West Texas Intermediate (WTI) futures were at $55.13 per barrel, down 13 cents, or 0.24 percent, from their...

Charlotte Russe Seeks Relief in Bankruptcy Court Charlotte Russe Seeks Relief in Bankruptcy Court

The company received $50 million from lenders to continue operating its Charlotte Russe and Peek stores, and website through the bankruptcy period. The plan to reorganize finances of the women's retailer includes plans to close stores at Robins...

PM to secure Brexit deal that 'commands broad support' PM to secure Brexit deal that 'commands broad support'

Clark himself told the Financial Times that Nissan told him their decision was "a warning sign" of the damage that a no-deal Brexit could have on Britain's auto sector. He says the backstop violates the 1998 Good Friday Agreement and called for a...

Forget Project Fear! UK firm’s stocks SKYROCKET — BREXIT BOOST Forget Project Fear! UK firm’s stocks SKYROCKET — BREXIT BOOST

The financial support would take the form of skills, R&D and innovation, Clark said. Shockwaves quickly spread to London, where Prime Minister Theresa May faces an uphill battle to agree a Brexit deal with Brussels as the clock ticks down to the ...

Google parent beats Q4 estimates, stock still drops Google parent beats Q4 estimates, stock still drops

Quarterly profit was $8.95-billion, or $12.77 per share, compared with a $3-billion loss a year ago. Google parent Alphabet reported its fourth quarter earnings for 2018 today, and we'd like to focus on the parts of the report that were related...

Tesla buys battery tech company Maxwell Technologies Tesla buys battery tech company Maxwell Technologies

Why do we care? Tesla's battery packs offer some of the best range in the industry, but there's always room for improvement, which is likely why the automaker just scooped up a company specializing in battery tech. Franz Fink, president and CEO...

Vice Media to axe 10% of staff globally Vice Media to axe 10% of staff globally

Vice Media joined the pool of news outlets cutting staff in an ongoing industry shakeup this year, it was revealed Friday. "Unfortunately, this means we will have to say goodbye to some of our VICE colleagues". Gannett, the nation's largest newspa...

Crypto company can't access $200M after CEO dies with sole password Crypto company can't access $200M after CEO dies with sole password

Police dispute claims more cryptocurrency taken from Christchurch company Cryptopia * Who stole the crypto from the crypto jar? Jennifer Robertson, the widow of the deceased founder, suggests that Cotten was the only person in the firm to have a...

Reliance Communications plunges to record low after approaching bankruptcy court Reliance Communications plunges to record low after approaching bankruptcy court

As part of the debt resolution plan , the management will propose the sale of all telecom infrastructure assets and spectrum, meaning the current agreement with Reliance Jio for the sale is off. The board of RCom expects substantial unsustainable de...

Pizza Hut Delivers To MetroWest Medical Center; Super Bowl Baby Born Pizza Hut Delivers To MetroWest Medical Center; Super Bowl Baby Born

According to Google, the most searched Super Bowl food in Maryland is pizza . Pizza Hut will also be surprising local hospitals in Boston and Los Angeles with 'za for the big game . On Instagram, Auntie Anne's is advertising their "Auntie Anne'...

SpaceX successfully test-fires rocket engine Raptor SpaceX successfully test-fires rocket engine Raptor

Elon Musk has lifted the veil on his "radically redesigned" Raptor engine, which will one day power the Super Heavy rocket and Starship on missions to the moon and beyond. 'Next versions will split to vacuum-optimized (380+ sec Isp) & sea level-thrus...

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