Tuesday August 20-th, 2019

USA inflation index slows sharply in January USA inflation index slows sharply in January

That lowered the year-on-year increase in the so-called core PCE price index to 1.8 percent from 2.0 percent in December. The Fed's preferred price gauge - tied to consumption - fell 0.1% in January from the previous month and was up 1.4% from a ye...

Huawei rips U.S. government over China spying accusations Huawei rips U.S. government over China spying accusations

Huawei Cyber Security Evaluation Centre issued its own report about the nature of the known security issues. The report accused the company of failing to fix unsafe flaws in its telecom technology. Chinese officials and some industry analysts have...

Ontario town will soon accept Bitcoin for property tax Ontario town will soon accept Bitcoin for property tax

Mayor Lynn Dollin says this shows the world that the town is an innovative community ready for the future. Its council voted late Tuesday in favour of the one-year cryptocurrency pilot project, in partnership with a Toronto company. Using Coin...

Wells Fargo CEO Tim Sloan to retire Wells Fargo CEO Tim Sloan to retire

Sloan will be temporarily replaced by C. Allen Parker, who has served as Wells Fargo's general counsel. It's going to be interesting to see whether his successor will be able to meet their rapacious demands or last longer than Sloan's 2.5 years.

BlackBerry stock up as Q4 results beat estimates for revenue, profit BlackBerry stock up as Q4 results beat estimates for revenue, profit

The Blackberry logo located in the lobby of the company's B building in Waterloo, Ont. on May 29, 2018. BlackBerry's shares were up 13 percent at C$13.47 in midday trading after touching a high of C$13.71. The BlackBerry IoT business will be led by...

Travellers stranded after Icelandic airline collapses Travellers stranded after Icelandic airline collapses

For the passengers who had flights cancelled, WOW Air offers a number of solutions in that statement, though none of them are as easy as simply getting a refund on the cost of the ticket from WOW. As advised by Wow Air , you can contact your cred...

Adoption: Sending BTC, XRP and ETH Will Soon Be Possible Via WhatsApp Adoption: Sending BTC, XRP and ETH Will Soon Be Possible Via WhatsApp

Its developers describe it as a "software agent" powered by specialised AI. Apparently, in order to conduct a BTC or XRP transaction, it is enough to type a direct command, like "send 0.03 BTC to James". The blockchain-based company also has plan...

Fiat Chrysler to cut 1500 jobs at Canada plant Fiat Chrysler to cut 1500 jobs at Canada plant

The Windsor plant makes the Chrysler Pacifica, Chrysler Pacifica Hybrid and the Dodge Grand Caravan, according to Fiat Chrysler. The announcement comes after a previous announcement in late February where FCA said it will build a new assembly p...

Economic superpowers: US says making 'great headway' in China trade talks Economic superpowers: US says making 'great headway' in China trade talks

News reports on Thursday indicated that China is continuing to ramp up its imports of U.S. soybeans, a shift that began after Trump and Chinese President Xi Jinping announced a freeze on new tariffs late a year ago. Kudlow, who runs the White H...

Jeep Gladiator Starts At $33,545, Arrives At Dealers This Summer Jeep Gladiator Starts At $33,545, Arrives At Dealers This Summer

Special interior and exterior accents and wheels mark the Launch Editions from standard Gladiators and each truck features an individually numbered badge. If you do buy a Gladiator Launch Edition, you'll unlock the ability to enter a Jeep's "Find You...

AstraZeneca to pay up to $6.9B for cancer drug AstraZeneca to pay up to $6.9B for cancer drug

To fund the transaction, AstraZeneca will place new ordinary shares in the company with both existing and new institutional investors. In 2017, trastuzumab deruxtecan was granted Breakthrough Therapy Designation by the US FDA for the treatment of...

The Anti-Religious Crusade Continues: Chick-fil-A Banned from Buffalo Airport The Anti-Religious Crusade Continues: Chick-fil-A Banned from Buffalo Airport

The Texas Attorney General's Office sent the letter to San Antonio officials earlier this week. On Thursday, Delaware North, the hospitality company that manages food operations at the Buffalo Niagara International Airport, and the Niagara Fronti...

Theresa May could put her Brexit deal to parliament a fourth time Theresa May could put her Brexit deal to parliament a fourth time

Yet just five voted for her this time, up from three the last time. Nobody really knows for sure. On Monday lawmakers will try to agree on an alternative Brexit plan that could command majority cross-party support. Exhausted of waiting, MPs thi...

U.S., China report progress in Beijing trade talks U.S., China report progress in Beijing trade talks

USA and Chinese negotiators wrapped up "constructive" trade talks in Beijing on Friday ahead of another round next week, a top American official said as the economic superpowers aim to settle a bruising tariffs battle. Chinese and USA negotiators h...

Boston Dynamics Handle Robot Reimagined for Logistics Boston Dynamics Handle Robot Reimagined for Logistics

The robot's "head" features an arrangement of suction cups that can pick up boxes from a pallet, and then release them to make a neat stack. The demo isn't as shocking as some of Boston Dynamics' other viral videos. We didn't see it so much in the ...

Eurostar trains suspended due to trespasser draped in St George's flag

The Eurostar press service warns that even after the restoration of traffic, long delays in the movement of trains are nearly inevitable, and recommends exchanging or returning tickets purchased in advance. British Transport Police said a man had b...

United Kingdom watchdog fines Goldman $45M for reporting errors United Kingdom watchdog fines Goldman $45M for reporting errors

The U.K.'s Financial Conduct Authority fines Goldman Sachs (NYSE:GS) International about £34.3M ($45.1M) for "serious and prolonged failures" for errors in transaction reporting over nearly a decade. Altogether, over a period of nine and a half...

Kaz Hirai Is Finally Retiring At Sony Kaz Hirai Is Finally Retiring At Sony

Yoshida a year ago took over as chief executive. According to Sony's official announcement, Hirai will still act as an advisor to the company despite his retirement from an official post. Hirai has provided the following statement. Hirai passe...

Swedish police raid Swedbank offices in insider trading probe Swedish police raid Swedbank offices in insider trading probe

Swedish authorities have raided the headquarters of the Swedbank associated with money laundering. The decision came a day after Sweden's Economic Crime Authority raided the banks' headquarters near Stockholm. Swedbank management insists that it...

Lyft valued at $24.3 billion in first ride-hailing IPO Lyft valued at $24.3 billion in first ride-hailing IPO

Uber has been told by its investment bankers that it could be valued at as much as $120 billion. Uber is expected to go public later this spring. Pink confetti rained down on Logan Green and John Zimmer as the thirtysomething co-founders of Lyft ...

GDP Growth Revised Down Sharply to 2.2 Percent in 4th Quarter GDP Growth Revised Down Sharply to 2.2 Percent in 4th Quarter

That's down from the department's original estimate of 2.6 percent growth. Iaccino also noted that if Q1 2019 GDP growth slows, it will be hard to get to 3% growth for the economy. President Donald Trump had previously made a 3 percent growth rate ...

Daimler, Geely form 50-50 joint venture to operate Smart brand Daimler, Geely form 50-50 joint venture to operate Smart brand

As part of the new product plan - precise details of which have not been disclosed - Smart will expand into the B-segment. The new Smart will launch a new all-electric model that will be built at a new factory in China from 2022. As equal partners,...

Hong Kong, Shanghai stocks end week with strong rally Hong Kong, Shanghai stocks end week with strong rally

Investors might need to be willing to identify their risk levels before attempting to jump into the fray. Successful investors know how to act quickly and protect themselves from big losses. The stock now has a 200 day MA of 48.49. China Unicom [Hong...

Renault looking to merge with Nissan and Fiat Chrysler, report says Renault looking to merge with Nissan and Fiat Chrysler, report says

Said future seems to be in mergers, at least this is what was reported by the financial times after meeting with Renault chairman Jean-Dominique Senard, leader of the revamped alliance board. He has denied the charges. It urged Nissan to newly ...

Debenhams edges closer to £200m loan in blow to Ashley bid Debenhams edges closer to £200m loan in blow to Ashley bid

A Sports Direct statement to the stock market made clear there was "no certainty that an offer will be made for Debenhams , even if the pre-conditions to the possible offer are satisfied or waived". Debenhams dismissed the bid. "Given the timet...

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