Tuesday August 20-th, 2019

Based Onex Corporation buys WestJet for $5 billion Based Onex Corporation buys WestJet for $5 billion

The transaction value is approximately $5 billion, including assumed debt. Sims said Onex's move to take the company private will allow the airline to take more of a long-term approach to its operational strategy. "Second [ly] we are working with ...

Bitcoin climbs above $7,000 after eight months as cryptocurrency rally extends Bitcoin climbs above $7,000 after eight months as cryptocurrency rally extends

On Monday, just five days later, bitcoin reached a new 2019 high of $8,000. But there is an ongoing blockchain and cryptocurrency conference in NY called Consensus, with big investors and influential market players gathered to network and discuss...

Iran calls for probe into recent attacks on ships in the Gulf Iran calls for probe into recent attacks on ships in the Gulf

The official was not authorized to discuss the investigation publicly and spoke on condition of anonymity. The oil tankers, which were on their way to cross into the Arabian Gulf. Emirati officials identified the third ship as the Saudi-flagged oil...

Elon Musk offers glimpse of SpaceX's 60 internet satellites ahead of launch Elon Musk offers glimpse of SpaceX's 60 internet satellites ahead of launch

SpaceX's Starlink satellites will go to space on a Falcon 9 rocket . "Much will likely go wrong on 1st mission" added Musk in an expectation managing exercise, code for "it might actually just blow up on the launchpad". The network will eventuall...

North American stock markets tumble as U.S.-China trade war escalates North American stock markets tumble as U.S.-China trade war escalates

Wall Street stocks dived in opening trade following the announcement. In New York, the Dow Jones industrial average was down 617.38 points at 25,324.99, just short of the 660-point drop on January 3. Kansas City Fed President Esther George and Rich...

Facebook plans pay boost for content moderators

The exact amount of the raise depends on where the employees in question live, and what type of work they do. The company said it's looking into "similar standards" outside the US but did not say when. The company also announced a series of changes...

Local shares fall as China hits back in trade war Local shares fall as China hits back in trade war

The S&P 500 fell 65.48 points, or 2.27%, to 2,815.92 and the Nasdaq Composite 241.62 points, or 3.05%, to 7,675.32. Chipmakers led the big declines in technology while heavy equipment makers Deere and Caterpillar drove losses in the industrial sector...

Monsanto to pay US$2 billion in Roundup weed killer cancer case Monsanto to pay US$2 billion in Roundup weed killer cancer case

Monsanto Co's Roundup is shown for sale in Encinitas, California, U.S., June 26, 2017. It was the third consecutive US jury verdict against the company in litigation over the chemical, which Bayer acquired as part of its $63 billion purchase of ...

Markets open with big sell-off as Trump’s trade approach is under attack Markets open with big sell-off as Trump’s trade approach is under attack

ET, with the only exception being utilities. The Dow fell more than 475 points at the open. The S&P 500 lost 1.67 per cent by mid-morning. Trump announced the pair of meetings to reporters in the Oval office on Monday afternoon. "Their is no reason...

Oldest surviving Porsche prototype, from 1939, set to be auctioned off Oldest surviving Porsche prototype, from 1939, set to be auctioned off

With this vehicle, the new owner will not only be invited to the first row of every Porsche event worldwide-they will be the first row!' VW had commissioned three special long-distance race versions of the KdF-Wagen to the same design team that wou...

Amazon Offers Employees $10K To Quit, Start Their Own Package Delivery Businesses Amazon Offers Employees $10K To Quit, Start Their Own Package Delivery Businesses

An Amazon statement said the latest incentive would also include three months of wages for employees who want to start their own delivery enterprise, and that they would be assured "consistent delivery volume" from the company. Kristof, who founded t...

Uber's IPO nightmare gets worse as stock tanks again Uber's IPO nightmare gets worse as stock tanks again

Uber had at one stage considered raising significantly more at a valuation of up to $120bn, but trimmed its target following a weak debut for its biggest rival, Lyft , last month. Usually, when there are two main companies competing in the same ind...

China to hike tariffs on United States goods in June China to hike tariffs on United States goods in June

It said the tariffs will take effect on June 1. China raised tariffs, first imposed in 2018, on $60 billion of American goods, saying they will go into effect on June 1. The move affected 5,700 categories of Chinese products including internet mode...

Mother's Day spending to near $25 billion this year Mother's Day spending to near $25 billion this year

That's up more than 8% from a year ago. According to a National Retail Federation survey , 84 percent of US adults are expected to celebrate the holiday this year, with the average person spending $196 - up $16 year-over-year. Those purchases will...

China will raise tariffs on some USA goods from June 1 China will raise tariffs on some USA goods from June 1

Consumers". While speaking with Fox News host Chris Wallace on Sunday, Kudlow said "both sides will pay". "Both sides will pay these things.but the Chinese will suffer GDP losses and so forth with respect to diminishing export markets and goods...

Uber shares falter on debut, open below IPO price Uber shares falter on debut, open below IPO price

Uber indicated its first shares were expected to trade up slightly, in the region of $45.50 to $46.50, when trading opens. The deflated debut cast a pall over 2019's prospects as the hottest year for tech listings this decade - and potentially o...

Supreme Court rules Apple will face antitrust suit for its iPhone apps Supreme Court rules Apple will face antitrust suit for its iPhone apps

At the heart of the complaint is the so-called "Apple tax", a 30% fee on apps in the App Store that has also prompted a complaint to the European Commission by streaming music rival Spotify. Dissenting from the decision, conservative Justice Neil Gor...

Uber to give its market value a lift in stock market debut Uber to give its market value a lift in stock market debut

By noon, it was trading at $44.63. Only about a fifth of IPOs have ended their first day of trading in the red in the last two years, according to Dealogic data. Retail investors at TD Ameritrade executed more trades in the first ten minutes of Uber...

HTC to release smartphone built to run bitcoin full node HTC to release smartphone built to run bitcoin full node

Expect to see the new Exodus 1s turning up towards the end of Q3. Having the full blockchain stored will allow users to be able to verify transactions through their device. Chen explains that the Exodus 1s achieves this by routing the information tha...

White House expects China to retaliate over trade tariffs White House expects China to retaliate over trade tariffs

The President additionally said that China primarily foots the bill for the tariffs in a press conference last week. Trump's accusation that Democrats were soft on China is also a mischaracterization of their position. The two countries are spa...

RBA Flags Two Rate Cuts, Downgrades Outlook RBA Flags Two Rate Cuts, Downgrades Outlook

That's the latest projection of the Reserve Bank of Australia. This morning the RBA released its Statement on Monetary Policy and they have downgraded a few of their key forecasts for both GDP and Inflation. Downgrades to GDP growth and inflati...

Great Ways to Celebrate Mother’s Day Great Ways to Celebrate Mother’s Day

And if she really loves cooking, let her join in. Make sure she does not hear anything and make it quiet. Portland Cider Co. will be hosting a painting party to celebrate Mother's Day on Sunday. "Mother's Day spending has been growing consistentl...

Brexit stockpiling helps United Kingdom economy rebound in Q1 Brexit stockpiling helps United Kingdom economy rebound in Q1

This was boosted by a 2.2 per cent rise in manufacturing, the industry's highest output since the third quarter of 1988. United Kingdom economic activity was given a temporary boost as companies rushed to build up stocks of components and goods bef...

Japan test runs world's fastest bullet train Japan test runs world's fastest bullet train

The next-generation Shinkansen is capable of reaching the speed up to 400 kilometers (249 miles) per hour. The ALFA-X's most striking feature is its sleek nose, which measures 72 feet (22 meters), and is created to cope with massive wind resistan...

Elon Musk faces trial after calling British diver a paedophile Elon Musk faces trial after calling British diver a paedophile

In calling for the trial, Judge Wilson said a jury would not "necessarily" see Musk's comments as factual, pointing to an email the CEO sent to a BuzzFeed reporter that meant to prompt an investigation into Unsworth and said to, "stop defending chi...

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