Tuesday August 20-th, 2019

Chase Tells Customers to Stop Splurging on Coffee, Draws Criticism From Officials

Warren mimicked Chase's format in her response, saying that the reason why the bank's customers aren't saving money is because they "lost [their] jobs/homes/savings but gave you a $25b bailout". Earlier this year, JPMorgan's board of directors approv...

Spotify now has 100 million Premium subscribers across the globe Spotify now has 100 million Premium subscribers across the globe

By comparison, arch-rival Apple Music had about 50 million paying subscribers at the end of 2018, the latest available figures. However, the company slipped back into operating losses of €47 million; it had recorded its first ever quarterly profit...

Microsoft, Dell and VMware become partners in the cloud Microsoft, Dell and VMware become partners in the cloud

A technical preview of the extended capabilities of Microsoft Windows Virtual Desktop should be available by the end of the year. "On stage at Dell Technologies World in Las Vegas today, Microsoft CEO Satya Nadella , Dell CEO Michael Dell ...

Shares of Google parent Alphabet sink on 1Q revenue miss Shares of Google parent Alphabet sink on 1Q revenue miss

Meanwhile, the cost of those clicks declined by 19 per cent; Google of course would benefit more if the cost of those clicks went up. Google's other revenue, which includes the cloud business, rose 25 percent to $5.45 billion. Newer units that are pr...

Trump says he's spoken to Saudi Arabia about increasing oil flow Trump says he's spoken to Saudi Arabia about increasing oil flow

Brent crude futures were at $71.80 per barrel at 0215 GMT, down 35 cents, or 0.5 percent, from their last close. ANZ bank said on Monday oil prices "took a hit after President Trump indicated he had spoken with Saudi Arabia about reducing the i...

Toyota 'here to stay' in Southwestern Ontario Toyota 'here to stay' in Southwestern Ontario

Toyota Motor Manufacturing Canada President Fred Volf says it's about more than building a new auto. Monday's announcements comes about a year after the Japanese automaker unveiled it would be investing $1.4 billion to upgrade two its manufacturi...

Google owner Alphabet misses sales forecasts

The share of Google's sales that come from advertising slipped to 84.5 percent from 85.5 percent a year earlier. The growth moderated from last quarter as Alphabet had warned in February. Amazon and Microsoft Corp . are well ahead of Google in t...

In Pittsburgh, Biden Hones in on Pennsylvania's Working Class In Pittsburgh, Biden Hones in on Pennsylvania's Working Class

The largest firefighting union in the country is endorsing Joe Biden for president because of his long-standing support of firefighters, the union's leader said Monday as he defended the endorsement. That advice has been especially true for taking ai...

Burger King to Launch Impossible Whoppers Nationwide Burger King to Launch Impossible Whoppers Nationwide

Louis, then spread to a total of 58 locations in Missouri and IL, according to Impossible Foods , before Burger King made the call to go nationwide with a target of the end of 2019. That version is being used in Burger King's Impossible Whoppers. ...

US will rethink cooperation with allies who use Huawei US will rethink cooperation with allies who use Huawei

Huawei denies all allegations, saying they are completely unfounded. Writing in the Sunday Telegraph , China's ambassador to Britain Liu Xiaoming defended Huawei as having a good track record on security and said Britain should "make decisions i...

SAS pilots strike means 1,200 more flights cancelled SAS pilots strike means 1,200 more flights cancelled

Domestic, European and long-haul flights will be affected by the strike. "There is a dedicated page for all information concerning traffic disruptions, passenger rights, booking, rebooking and refunds". He added: "So far, they have not wanted to do t...

Jaguar Land Rover trialling a crypto 'Smart Wallet' Jaguar Land Rover trialling a crypto 'Smart Wallet'

Jaguar Land Rover , Britain's largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. The smart wallet system is now being trialled at Jag...

Graham: Kushner Wrong, Russia Interference a Big Deal Graham: Kushner Wrong, Russia Interference a Big Deal

Democrats have long accused Fox of reporting that is biased in favor of the Republican Party and the 45th American president. "So, no - this is a big deal". "Because clearly they don't have the message". Lindsey Graham on Attorney General Barr test...

Substantial gains for Facebook, Microsoft keep stocks near records Substantial gains for Facebook, Microsoft keep stocks near records

A surprisingly strong report card on the USA economy helped power the benchmark S&P 500 and Nasdaq Composite indexes to record high closes on Friday, capping a week of gains for stocks that came largely on the back of resilient corporate profits.

Trump says will soon host China's Xi at White House Trump says will soon host China's Xi at White House

The White House said on Tuesday that Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer would travel to Beijing for additional talks on a trade dispute that has led to tit-for-tat tariffs between the 2 countri...

USA client losses dent WPP revenue USA client losses dent WPP revenue

Like-for-like revenue in the USA fell 8.5%, with client losses experienced in the automotive, pharmaceutical and FMCG sector. In the United Kingdom, meanwhile, LFL revenue was down 0.9%, which was a slight decline on 2018's performance. "Continued ...

Ford makes major investment in electric vehicle startup Ford makes major investment in electric vehicle startup

For several months now, we've heard multiple rumors suggesting luxury electric "adventure" vehicle manufacturer Rivian was in talks with major automakers with a view to gaining some significant investment. Even the five-seat pickup is aimed at the ma...

Another sleeping rocker recalled after 5 infant deaths Another sleeping rocker recalled after 5 infant deaths

Since 2012, five of these fatalities have been reported. The sleepers have been sold at all major retailers, including Target , Walmart , Toys R Us and online from March 2012 through April 26, 2019 for approximately $40-$80. The announcement ...

Amazon to bring 1-day delivery to Prime members Amazon to bring 1-day delivery to Prime members

The post-2005 period has been one in which Amazon, which effectively created modern-day business-to-consumer fulfillment, has pushed more density at UPS and other carriers, but at lower rates for the carriers. North America appears to be the first ...

Blocking of Asda merger 'good for Northern Ireland farmers'

After much deliberation, Stuart Mcintosh, the chair of the CMA inquiry group said: "We have concluded that there is no effective way of addressing our concerns, other than to block the merger ,". "Next week's numbers are likely to act as a wakeup ca...

Bill to Ban Cryptocurrencies Circulating in India Bill to Ban Cryptocurrencies Circulating in India

We already reported that a senior government official from a board created by Indian finance ministry admitted that there have been ideas of creating India's own government-backed digital coin. Reportedly, the ministry of corporate affairs is of th...

Data Protection Commission Investigates Facebook Data Protection Commission Investigates Facebook

Ireland's privacy regulator says it is investigating Facebook over the social media giant's recent revelation that it had left hundreds of millions of user passwords exposed. It's the latest regulatory headache for Facebook and CEO Mark Zuckerberg ,...

Slack Files for Direct Listing Slack Files for Direct Listing

Most notably, it avoids the massive underwriting expenses involved in a traditional IPO . Slack is headed to the NYSE after generating $400.6 million in revenues through the 12 months ended January 31. Last week brought two IPOs: video conferenc...

Big Oil Profits Fall as Geopolitics Weigh on a Mainstay, Refining Big Oil Profits Fall as Geopolitics Weigh on a Mainstay, Refining

Exxon Mobil's Q1 revenue was $2.35 billion, far below the predicted $4.64 billion the corporation made in 2018. Exxon Mobil announced its lowest quarterly profit in three years yesterday as its refining business slumped to a loss. Before the rival...

Ex-Nissan chief Ghosn's trial to be delayed possibly until next year Ex-Nissan chief Ghosn's trial to be delayed possibly until next year

According to ANI news reports , Ghosn was sacked as the chairman of both Mitsubishi Motors and Nissan following his detention in last year's December after which he resigned as the CEO and chairman of French carmaker Renault . 2 automaker. Re...

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