Wednesday July 15-th, 2020

Bitcoin Price Analysis - Bears in Control as BTCUSD Drops Below $8,000 Bitcoin Price Analysis - Bears in Control as BTCUSD Drops Below $8,000

On the 1-hour chart, BTCUSD price is in a bearish trend while trading below the $8,000 level. The double-digit rally is mirrored in XRP's price against the Bitcoin trading pair. After major cryptocurrency payment processor BitPay had partnered wi...

China deputy-level trade talks get underway in tense atmosphere China deputy-level trade talks get underway in tense atmosphere

White House economic adviser Larry Kudlow said Monday there is no link between Chinese trade talks and President Trump's desire to see former Vice President Joseph R. "I don't honestly know", Mr. Kudlow said. When speaking to reporters on the White...

Lotus will soon source engines from a Volvo-Geely tie-up Lotus will soon source engines from a Volvo-Geely tie-up

The combined unit would supply two million diesel and gasoline-powered engines, compared with the 600,000 Volvo produces today, giving the two companies more scale to reduce material costs. Naturally, other Geely-owned brands will also source their...

Joggers take on cancer at annual Run for the Cure Joggers take on cancer at annual Run for the Cure

I'm going through it right now. After 15 years of involvement with the run committee, Webb never expected to participate as a cancer survivor. The diagnosis hurled her into a depression that followed her throughout surgery, chemotherapy and radia...

Talks between UAW and GM take 'turn for the worse': union official Talks between UAW and GM take 'turn for the worse': union official

That may have furloughed as many as 200,000 additional workers at those companies, according to estimates. However, according to the latter, the UAW submitted its latest package proposal this past Saturday. Mexico is still a major sticking point , as...

HSBC Plans Yet Another Round of Job Cuts HSBC Plans Yet Another Round of Job Cuts

Interim CEO Noel Quinn started working on the new plan days after he was appointed, and has been told he is a leading internal candidate for the permanent role, the FT reported . The HSBC refused to comment. The bank has been running a scheme "Pro...

GE freezes pension benefits to cut deficit by up to US$8B GE freezes pension benefits to cut deficit by up to US$8B

GE's pension plans are among its biggest liabilities and were underfunded by about $27 billion at the end of 2018. The CEO, who took the helm a year ago, has said debt remains one of the company's thorniest problems, alongside a slumping power busine...

Pizza Express 'hires financial advisers' ahead of crunch talks about crippling debt Pizza Express 'hires financial advisers' ahead of crunch talks about crippling debt

The news comes just weeks after the company reported a 0.5 per cent rise in total sales for the United Kingdom and Ireland with like-for-like sales broadly flat at 0.2 per cent up. Debt covenants are terms set out between creditors and companies whic...

Unilever reveals plan to halve its use of new plastic by 2025 Unilever reveals plan to halve its use of new plastic by 2025

But Unilever's boss, Alan Jope, has told the BBC he plans to slash that figure by using more recycled plastic, creating more reusable bottles and finding other alternative materials. This strategy comes in addition to its commitment to using fully ...

France's Macron urges Johnson to expedite Brexit discussions with EU France's Macron urges Johnson to expedite Brexit discussions with EU

Finnish Prime Minister Antti Rinne- whose country now holds the European Union's rotating presidency- said he had told Johnson it was "important to find a solution within a week" and the British leader "agreed with the timetable". A senior Downing ...

Bed Bath & Beyond to close 60 stores Bed Bath & Beyond to close 60 stores

The troubled retailer said on an earnings call Wednesday that it will soon close 20 more stores, in addition to the 40 announced in April . There are 3 Bed Bath & Beyond stores in Ocean County; Brick, Toms River, and Manahawkin, and Brick is ...

UAW cites 'significant progress' in Ford talks as GM strike continues UAW cites 'significant progress' in Ford talks as GM strike continues

Stocks fell broadly on the report, and GM's share price was down more than 3%. Finally, Royal Bank of Canada reaffirmed a neutral rating and issued a $10.50 price objective on shares of Ford Motor in a research note on Thursday, July 25th.

Saskatchewan's Crown corporations hit by strike; essential services maintained Saskatchewan's Crown corporations hit by strike; essential services maintained

Finance Minister Donna Harpauer said in an email to battlefordsNOW that the province hopes an agreement can be reached at the bargaining table in good faith. Swystun said the bargaining teams for all seven Crowns have made "fair and reasonable offe...

Federal appeals court upholds net neutrality repeal but allows state regulations Federal appeals court upholds net neutrality repeal but allows state regulations

Walden said if any industry represents interstate commerce, it's the internet. After the FCC repealed the rules, phone and cable companies were permitted to slow down or block services they don't like or happen to compete with. "We think it will ...

Tesla's 3Q vehicle sales accelerate, but miss analysts' target Tesla's 3Q vehicle sales accelerate, but miss analysts' target

Tesla set an ambitious target to deliver 360,000 to 400,000 vehicles in 2019. Osha said he doesn't know any operational issues that could have prevented Tesla from delivering more vehicle if demand were available. Tesla shares fell as much as 2.1...

Some Quincy Hy Vee Locations Affected by Unauthorized Activity Some Quincy Hy Vee Locations Affected by Unauthorized Activity

An investigation found malware created to access payment card data from cards used at point-of-sale (POS) devices at Hy-Vee fuel pumps, drive-thru coffee shops and restaurants, including Hy-Vee Market Grilles, Market Grille Expresses, Wahlburgers and...

LAX Bans Uber, Lyft, and Taxis From Curbside Pickup LAX Bans Uber, Lyft, and Taxis From Curbside Pickup

In recent months, construction has required LAX to close some lanes. And while this may add more time between exiting the aircraft and getting to your home or destination, it won't impact anyone rushing to catch a departing plane. Wilschetz said ...

Kroger is laying off hundreds of store employees Kroger is laying off hundreds of store employees

The changes were a topic of several online message boards this week, including several threads at TheLayoff.com , which tracks rumors of job actions at companies through worker postings. In September, CEO Rodney McMullen told analysts Kroger would ...

UAW: Negotiations with GM 'turn for the worse' UAW: Negotiations with GM 'turn for the worse'

John Kirk, right, a 20-year-employee, pickets with co-workers outside the General Motors Fabrication Division, Oct. 4, 2019, in Parma, Ohio. As the US strike by the United Auto Workers union against General Motors Co GM.N nears three weeks, the m...

New plates fail to boost battered auto sector as sales splutter New plates fail to boost battered auto sector as sales splutter

New auto sales edged up in September, but despite new registration plates which typically prompt high demand, the rise was below expectations. Private registrations last month were up by 0.1%, while business registrations, classed as to firms wit...

BEA: U.S. International Trade in Goods and Services, August 2019 BEA: U.S. International Trade in Goods and Services, August 2019

The report said the trade deficit widened to $54.9 billion in August from $54.0 billion in July. So far this year, the US merchandise deficit with China has narrowed to a seasonally adjusted $238.4 billion from $270.1 billion in the same eight mont...

BP says CEO Bob Dudley to step down next year BP says CEO Bob Dudley to step down next year

They've largely recovered from the oil-price collapse that began in 2014, which hit the company just as it was starting to emerge from the impact of the 2010 oil spill, adding to Dudley's challenges as he was forced to cut spending and defer projec...

The McRib is back - but only at 10000 McDonald's locations The McRib is back - but only at 10000 McDonald's locations

McRib lovers can check the McRib tracker to find participating locations serving the sandwich - and post about their adoration on Instagram , which McDonald's has loaded up with McRib GIFs to celebrate "SZN greetings" during #McRibSZN .

PMC bank case: Absconding ex-chairman Waryam Singh arrested PMC bank case: Absconding ex-chairman Waryam Singh arrested

Singh, 68, missing since the irregularities in the PMC Bank tumbled out two weeks ago, was traced to a location in Mahim where he was in hiding and picked up, a Mumbai Police spokesperson said. The case was registered on the basis of an FIR filed b...

Fed should keep cutting rates despite jobs number: US trade adviser Navarro Fed should keep cutting rates despite jobs number: US trade adviser Navarro

A report on Friday showed jobs growth slowed down in September and wage growth stalled, even as unemployment dropped to a 50-year low. The US consumer and economy are in a "good place," and the US labour market is "very healthy", Clarida said...

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