Sunday September 27-th, 2020

Tesla rolled out its Smart Summon feature, and it's not going well Tesla rolled out its Smart Summon feature, and it's not going well

As the name implies, Smart Summon enables Tesla owners to summon their vehicles in parking lots. Smart summon made some cars drive on the wrong side of the ride and have other close calls. One video from David F. Guajardo shows the man hit the butt...

FDA cautions against buying Performance Dog Raw Pet Food FDA cautions against buying Performance Dog Raw Pet Food

The U.S. Food and Drug Administration (FDA) is urging pet owners not to feed their animals Performance Dog frozen raw pet food after a sample tested positive for Salmonella and Listeria. FDA suggests that people keep this product away from other ...

WeWork withdrawing its stock market IPO filing WeWork withdrawing its stock market IPO filing

WeWork , which was to have one of the most anticipated initial public offerings of the year, has formally filed a request to withdraw its registration statement on the S-1 form that was initially filed with the U.S. WeWork's parent, the We Co, aimed...

VW emissions scandal: Mass lawsuit opens in Germany VW emissions scandal: Mass lawsuit opens in Germany

Dieselgate is now "part of the group's history". In a separate case, prosecutors last week announced charges of market manipulation against Volkswagen CEO Herbert Diess and board chairman Hans Dieter Poetsch, as well as former CEO Martin Winter...

Navarro Decries Fake News on Chinese Investment Restrictions Navarro Decries Fake News on Chinese Investment Restrictions

A third source said the delisting idea was motivated by growing security concerns within the administration of U.S. President Donald Trump over Chinese companies' activities. In June, U.S. lawmakers from both parties introduced a bill to force Ch...

Forever 21 files for bankruptcy protection Forever 21 files for bankruptcy protection

Many of its current 549 USA stores are anchors in malls across the country. The company also said they obtained several loans - including a $275 million loan from JPMorgan Chase Bank - that will allow them to operate in a "business as usual manne...

Tesla's Smart Summon Causing Collisions Tesla's Smart Summon Causing Collisions

In ideal and well-lit conditions, the production release of Smart Summon does perform as expected , though Tesla explicitly states that the vehicle requires supervision while the feature is in use. Meanwhile, another Tesla owner incurred some damage...

Donald Trump says he wants and deserves to meet whistleblower Donald Trump says he wants and deserves to meet whistleblower

The weekly news program " 60 minutes " reported the same day that the whistle-blower is under federal protection after receiving threats. Republican President Donald Trump said he wants to meet the person who filed a complaint against him and a...

AB InBev Asia Unit Raises $5bn In World's Second-Largest 2019 IPO AB InBev Asia Unit Raises $5bn In World's Second-Largest 2019 IPO

The brewing firm stated that it would also issue an extra 189,354,000 shares in order to meet the market demands, thus raising the overall offering number to 1.45 billion shares. More IPOs will be a boost for Hong Kong as a listings hub, with the c...

Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown

About 91 percent of its new customers came from tier II and III towns with fashion and smartphone categories emerging as the top segments, he said. "With record Prime sign-ups, more first-time shoppers from small towns than ever before and tens of th...

United States won't block Chinese firms from shares listing on American stock exchanges United States won't block Chinese firms from shares listing on American stock exchanges

Proposed US legislation that aims to delist foreign companies from US stock exchanges that contravene accounting and oversight rules, if passed, could "have a profound impact" for the more than 200 Chinese companies trading on US exchanges, Citigroup...

China's September Manufacturing PMI Rebounds But Still Indicates Contraction China's September Manufacturing PMI Rebounds But Still Indicates Contraction

The official Purchasing Managers' Index (PMI) was at 49.8 in September, slightly higher than 49.5 in August, the survey from the statistics bureau showed. "While China's fiscal stance is unlikely to be loosened during the remainder of the year, we th...

CVS pulls Zantac and similar heartburn drugs because of cancer worries CVS pulls Zantac and similar heartburn drugs because of cancer worries

Food and Drug Administration. The announcement followed an alert from the FDA, which said ranitidine might contain a possible human carcinogen and cause cancer. NDMA and two other cancer-causing substances have also led to widespread recalls of ...

S&P, Nasdaq fall as White House weighs delisting Chinese companies S&P, Nasdaq fall as White House weighs delisting Chinese companies

USA -listed shares of Alibaba Group Holding Ltd, Baidu Inc and JD.com Inc all slid. Declining issues outnumbered advancers for a 1.04-to-1 ratio on the Nasdaq. At 13:14 ET, the Dow Jones Industrial Average was down 47.87 points, or 0.18%, at 26,843.2...

Forever 21, global fast fashion retailer, files for bankruptcy Forever 21, global fast fashion retailer, files for bankruptcy

Forever 21 said it received US$275 million (RM1.15 billion) in financing from its existing lenders with JPMorgan Chase Bank, NA as agent, and US$75 million in new capital from TPG Sixth Street Partners, and certain of its affiliated funds. This could...

GM agrees to resume covering health insurance costs for striking workers GM agrees to resume covering health insurance costs for striking workers

For Keondris Howell, an assembly line worker at a GM plant in Flint, Michigan, he is striking because as a temp he said there "has not been a pathway from coming in as a child to becoming a full time employee" and as a temp, he doesn't "get any benef...

SEC fines Fiat Chrysler for paying dealers to inflate sales numbers SEC fines Fiat Chrysler for paying dealers to inflate sales numbers

The automaker did not admit or deny the agency's allegations, the statement said. She noted that the new vehicle sales figures give investors insight into the demand for an automaker's products, a key to assessing the company's performance.

Government Bans Export Of Onion With Immediate Effect To Contain Rising Prices Government Bans Export Of Onion With Immediate Effect To Contain Rising Prices

The retail prices of onion, a key kitchen staple, shot up to Rs 70-80 per kg in Delhi and Mumbai in wake of excess monsoon rains in major growing states. The MEP is the rate below which no exports are allowed. The Union Ministry of Commerce and In...

China rejects 'smear' after Airbus hacking report China rejects 'smear' after Airbus hacking report

The hackers appeared to have been seeking information about engines for the A400M military transport aircraft and A350 airliner, according to the sources in the report. "There is no need to undertake an expensive, time-consuming and risky assault of ...

Delta buying 20% stake in LATAM Airlines in US$1.9 bln deal Delta buying 20% stake in LATAM Airlines in US$1.9 bln deal

The strategic partnership will unlock new growth opportunities, building upon Delta's and LATAM's global footprint and joint ventures worldwide, including Delta's existing partnership with Aeroméxico. The deal, and everything connected to the partn...

Venezuela State-Run Oil Firm to Pay Suppliers in Bitcoin Venezuela State-Run Oil Firm to Pay Suppliers in Bitcoin

As per the article, PDVSA has requested that the cryptocurrencies be transferred to the central bank who in turn can use the tokens to pay the company's suppliers. He reportedly urged the bank to start accepting the digital asset to its near 790 ag...

National Coffee Day 2019: Deals at Dunkin’, Sheetz, Wawa and more National Coffee Day 2019: Deals at Dunkin’, Sheetz, Wawa and more

Americans, who drink 400 million cups of coffee a day, will find a free jolt of java at these five places. Coffee Bean and Tea Leaf: Buy a bakery item that costs at least $2 and receive a 16-ounce hot or cold coffee at participating sites.

Profit warning from British Airways owner International Consolidated Airlines | 26 September 2019 Profit warning from British Airways owner International Consolidated Airlines | 26 September 2019

As a result of the two-day strike by pilots on 9 and 10 September, IAG said a total of 2,325 flights had been cancelled. British Airways also introduced flexible commercial policies on 4,070 flights not directly affected by the industrial action....

Jaguar Land Rover to close United Kingdom factories for a week over Brexit Jaguar Land Rover to close United Kingdom factories for a week over Brexit

However, it remains unclear whether that will happen or if Brexit will be delayed, put back to a referendum or even cancelled. "We can not think about it, we just have to do it", he said during an event at JLR's engineering and development site i...

McDonald's are officially trialling a vegan burger McDonald's are officially trialling a vegan burger

Companies like KFC, Dunkin Donuts, Burger King and more have embraced the plant-based burgers but where does that leave McDonald's? McDonald's has unveiled its own plant-based burger. Well, it seems like many have been asking for more plant-based...

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