Tuesday October 15-th, 2019

The SEC manipulated the evidence to make Kik look bad - says CEO The SEC manipulated the evidence to make Kik look bad - says CEO

Talking point: The company has requested a May 2020 start date from the NY bench hearing the case-sooner than the regulator reportedly wants to begin-and demanded a jury trial. The Kitchener, Ont. -based messaging app said the financial regulator ...

Rolls-Royce on track as results rise Rolls-Royce on track as results rise

It has spent nearly £100 million preparing for a no-deal Brexit, but has warned a large number of jobs could be lost in the United Kingdom if Britain crashed out of the EU. Rolls-Royce also took an extra £69-million charge related to ongoing restruct...

Sirius Minerals suspends US$500 million bond Sirius Minerals suspends US$500 million bond

The share price of London-listed Sirius Minerals plummeted on Tuesday, as the company cancelled the recently announced $500-million note offering that was meant to unlock a $2.5-billion revolving credit facility intended to see its North Yorkshire ...

Lyft continues to post losses despite revenue growth Lyft continues to post losses despite revenue growth

The San Francisco-based company is projecting revenue between $900 and $915 million in the third quarter, with year-over-year revenue growth of 54-56%. The quarter turned out "much better than feared", said Daniel Ives, managing director of equit...

PM Boris Johnson Takes One Step Closer to No-Deal Brexit PM Boris Johnson Takes One Step Closer to No-Deal Brexit

Speaking in Washington, British Foreign Secretary Dominic Raab urged the European Union to negotiate a new pact on Britain's departure to avoid a potentially calamitous "no-deal" Brexit. British Foreign Secretary Dominic Raab on USA and global re...

Feds told Tesla to stop making Feds told Tesla to stop making "misleading statements" on Model 3 safety

An Oct. 17, 2018 letter shows the NHTSA also accused Tesla of previously failing to conform to the agency's guidelines and that it was referring the matter to the Federal Trade Commission (FTC) to investigate whether the statements constitute unfai...

Domino's stockpiles toppings to beat no-deal Brexit Domino's stockpiles toppings to beat no-deal Brexit

While its cheese and flour suppliers are UK-based, the company sources frozen meat, and ambient products like pineapple - an integral topping for any true pizza-lover - from overseas, including the tomato sauce for its pizza which it ships in from Po...

Oil sets new seven-month low on trade tensions Oil sets new seven-month low on trade tensions

Talk of more action to prop up oil markets from Saudi Arabia and other producers in the Organization of the Petroleum Exporting Countries (OPEC) also supported crude prices. The bank lowered its 2019 price outlook, mostly because of demand concerns...

Reserve Bank releases OCR announcement - and banks respond Reserve Bank releases OCR announcement - and banks respond

Chandarjit Bannerjee, DG, Confederation of Indian Industry echoed calls for banks to reduce lending rates stating " some measures to improve the transmission of the rate cuts would have been beneficial as well". Events this week rang more alarm bells...

Bezos Sells Amazon Stock Worth $2.8 Billion Bezos Sells Amazon Stock Worth $2.8 Billion

According to a recent report released by Bloomberg, the 500 most wealthy people in the world lost 2.1% of their collective net worth in a day. Other notable losses were Bernard Arnault losing $US3.2 billion, Mark Zuckerberg down $US2.8 billion, Muk...

Wall St sinks as US bond market stokes recessionary fears, spooks investors Wall St sinks as US bond market stokes recessionary fears, spooks investors

European stocks were doing particularly well, having failed to rebound the previous day. Prices and yield move in opposite directions in the bond market , so higher prices mean a lower return. They responded Monday by dumping stocks and shoveling ...

Another Day, Another FedEx-Amazon Divorce Another Day, Another FedEx-Amazon Divorce

FedEx is ending its ground-shipping relationship with Amazon, it said in a statement Wednesday. Analysts have said Amazon has secured a better rate with UPS for package deliveries on planes, so it makes little sense for the company to partner with ...

Eerie scenes as smoke fills British Airways cabin Eerie scenes as smoke fills British Airways cabin

BA's Airbus A321 departed from London Heathrow (LHR) at 15:10 on August 5, 2019 , and landed in Valencia (VLC). Plane full of smoke, no oxygen, no announcements on the plane and no staff dealing with anything in the airport. A statement from...

Subway teaming up with Beyond Meat on plant-based meatball sub Subway teaming up with Beyond Meat on plant-based meatball sub

Subway is hopping aboard the plant-based meat trend. Vegan Beyond Meat meatball marinara subs are coming to Subway. Subway said in a statement that fans have always known that they can "customize their favorite sub to fit any lifestyle".

United Kingdom food industry looks to avoid shortages in no-deal Brexit United Kingdom food industry looks to avoid shortages in no-deal Brexit

The Food and Drink Federation (FDF) said: "We asked for these reassurances at the end of previous year". The FDF's chief operating officer Tim Rycroft told the BBC that in the event of a no deal, there would be "selective shortages" of food t...

Gold hits fresh multi-year high as trade conflict drags Gold hits fresh multi-year high as trade conflict drags

Meanwhile, gold denominated in the British pound, Japanese yen, Australian dollar and Indian rupee hit their highest on record. USA gold futures climbed 1.7% to $1,508.80, surpassing $1,500 for the first time in more than six years. Silver also f...

Twitter says it may have used user data for ads without permission Twitter says it may have used user data for ads without permission

Twitter users who clicked or viewed an ad on the app since May 2018 may've shared data about the experience with third-party measurement and advertising partners, Twitter said . In other words, Twitter ignored an option in its own settings section ...

Just Eat gobbled up by European rival in £5bn deal Just Eat gobbled up by European rival in £5bn deal

Just Eat shareholders would own approximately 52.2% of the combined company's share capital. The two companies are relatively similar in size.Takeaway.com has a market capitalization of Euro 4.74 Billion compared to GBP 5.01 Billion for Just Eat ...

Walgreens to close 200 stores in US Walgreens to close 200 stores in US

The pharmacy closures in the USA follow an announcement by WBA earlier this year about plans to shut down 200 stores in the United Kingdom while reviewing the viability of keeping open all 10,000 of its locations throughout the U.S. "Given that thes...

Disney reveals $13 bundle with ESPN+, Hulu and Disney+ Disney reveals $13 bundle with ESPN+, Hulu and Disney+

The other competitor for Disney is Apple's upcoming Apple TV Plus service that will launch right around the same time as Disney +. Costs piled up from consolidation of Hulu and spending on Disney + and the ESPN + streaming service, D...

Weaker profits: Profit down as Commonwealth Bank pays for industry scandals Weaker profits: Profit down as Commonwealth Bank pays for industry scandals

The Commonwealth Bank ( ASX:CBA ) has reported an 8.1 per cent fall in its full year profit with statutory NPAT at $8.571 million. Commonwealth Bank, Australia's biggest company by capitalisation, paid out Aus$918 million in customer remediation co...

British Airways cancels flights following ‘systems’ failure British Airways cancels flights following ‘systems’ failure

A British Airways spokesperson told LADbible that the global airline is "operating with back-up manual systems to keep our flights operating" and customers on short haul flights from Heathrow, Gatwick and London City airports are being given the ...

Fed aims for 24/7 instant payment system in US Fed aims for 24/7 instant payment system in US

The new service, dubbed FedNow , would compete with a private real-time payments system established by a group of large banks in 2017. TThe FedNow Service is described as providing the foundation for the future of payments. St. Louis Federal Re...

RBI lowers repo rate by 35 basis points to 5.40% RBI lowers repo rate by 35 basis points to 5.40%

Consequently, the reverse repo rate now stands at 5.15 per cent. The "repo rate" is the term given to the rate at which the RBI lends money to commercial banks in case of shortfall of funds. All six members of the Monetary Policy Committee (MPC) ...

Aurora stock up after company issues Q4 production and revenue estimates Aurora stock up after company issues Q4 production and revenue estimates

The company had a trading volume of 465,458 shares, compared to its average volume of 10,549,248. Many investors forget that one of the defining characteristics of the stock market is that it's a market. There are often many years of experience...

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