Friday February 28-th, 2020

Wells Fargo Burned Again by Past Misdeeds Wells Fargo Burned Again by Past Misdeeds

Citigroup also reported better-than-expected fourth-quarter profits of $5.0 billion, up 15 percent from the year-ago period. "Given record-high equity prices, very low unemployment, a growing economy at about 2%, a stable US dollar, and positive de...

USA and China sign 'phase one' deal USA and China sign 'phase one' deal

In exchange, Beijing has agreed to buy more American products and make other changes. "The only non-public component of the agreement is a confidential annex with detailed purchase amounts, which has been previously described", U.S. China didn't ...

Carrie Lam: Hong Kong's financial system remains stable and remarkably successful Carrie Lam: Hong Kong's financial system remains stable and remarkably successful

The NGO accuses President Xi Jinping's government of overseeing "the most brutal and pervasive oppression that China has seen for decades", including building a "nightmarish surveillance system" in Xinjiang province. Security Council, Roth said, Chin...

Google buys Irish tech firm Pointy for $163m Google buys Irish tech firm Pointy for $163m

At the current time, the footprint is quite small but is sure to expand with Google driving the technology forward. Mr Cummins said that the deal was subject to customary closing conditions, and was expected to close in the coming weeks.

BlackRock makes climate change central to investment decisions BlackRock makes climate change central to investment decisions

Moreover, BlackRock announced plans to stop investments in companies that generate more than 25% of revenue from coal, and to apply more pressure to firms that ignore climate risks. The change in investment policy will take place immediately, but w...

Gambling Watchdog Bans Use of Credit Cards to Fund Accounts Gambling Watchdog Bans Use of Credit Cards to Fund Accounts

Gamblers in the United Kingdom will not be able to use credit cards as of April after the Gambling Commission announced a major shake-up. Today's report suggests that a "Lack of friction in the credit card deposit process" has caused ten...

Trump fuels controversy over Iran general's killing, United States News & Top Stories Trump fuels controversy over Iran general's killing, United States News & Top Stories

But US lawmakers, including some Republicans and Democrats, said the administration has failed to provide evidence that an attack was imminent . Pompeo said, " President Trump and those of us in his national security team are re-establishing deterre...

Woman Sues American Airlines Over Alleged Stalking Incident Woman Sues American Airlines Over Alleged Stalking Incident

The person then added, "Btw I must tell you that you are gorgeous!" As Barno looked around, the sender allegedly revealed his name was "Ahmad". After thanking him, Barno persisted to ask how he had gotten her number. The texts continued long afte...

James Murdoch denounces father's news outlets for climate change denial James Murdoch denounces father's news outlets for climate change denial

James and Kathryn Murdoch have released a joint statement, speaking out against New Corp's climate change coverage. "They are particularly disappointed with the ongoing denial among the news outlets in Australia given obvious evidence to the cont...

Dow crosses 29000 for the first time - but only briefly Dow crosses 29000 for the first time - but only briefly

On Friday, the Invesco QQQ Trust (NASDAQ: QQQ ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA ) was 0.2% lower and SPDR S&P 500 ETF (NYSEArca: SPY ) rose 0.1%, with the Dow Jones Industrial Average reaching toward the 29,000 ...

China vehicle sales fall 8.2% in 2019-industry association China vehicle sales fall 8.2% in 2019-industry association

Ford saw its December sales fall 14.7% during the final month of the year, as it continues to grapple with updating its vehicle line-up. The other two largest global vehicle markets, Europe and the United States, also saw constant or falling fossil...

Sussex braces itself for Storm Brendan as weather warning issued Sussex braces itself for Storm Brendan as weather warning issued

A weather warning has been issued for Sussex with residents told to prepare for the arrival of Storm Brendan. . Coastal routes, seafronts and coastal communities could be affected by spray and/or large waves, it warns, and there may be some short t...

Oil Dips On Easing US-Iran Tensions, Eyes On China Trade Deal Oil Dips On Easing US-Iran Tensions, Eyes On China Trade Deal

A U.S. -China trade deal is due to be signed in Washington on Wednesday. West Texas Intermediate crude oil is now trading at $58.16 having travelled between a low of $57.97 and $59.26, -1.71% on the day so far and well below the $65.65s post Iran...

Canadian economy added 35,000 jobs in December Canadian economy added 35,000 jobs in December

December's slowdown partially reflects a large jump in retail jobs at the height of the holiday-shopping season. The job market will gain more attention as the election nears and the health of the economy under Trump is debated among candidates.

Bitcoin's Market Price Is Above Its Intrinsic Value, Says JPMorgan Bitcoin's Market Price Is Above Its Intrinsic Value, Says JPMorgan

While a consortium known as Bakkt , which includes New York Stock Exchange parent Intercontinental Exchange Inc ., began offering options last month, volumes and open interest have been " rather small ", strategists led by Nikolaos Panigirtzoglou w...

Visa Buys Out Personal Finance Enabler In Billion-Dollar Deal Visa Buys Out Personal Finance Enabler In Billion-Dollar Deal

Visa said Plaid's core focus on fintech will open new market opportunities both in the United States and internationally. "We are extremely excited about our acquisition of Plaid and how it enhances the growth trajectory of our business", said Visa...

Geely may pump much-needed cash into Aston Martin Geely may pump much-needed cash into Aston Martin

In an unexpected profits warning this week, Aston said it "remains in discussions with potential strategic investors, which may or may not involve an equity investment into the company". Additional reports are also suggesting that Contemporary Amprex...

Nissan Accelerating Secret Plan To Split From Renault? Nissan Accelerating Secret Plan To Split From Renault?

Changes to Nissan's board would also follow as a map to a potential split is drawn out. Terminating the more than 20-year alliance could be painful for both Nissan and Renault amid falling sales. The fugitive auto chief has launched an industri...

Walmart India lays off over 50 employees across divisions at Gurugram office Walmart India lays off over 50 employees across divisions at Gurugram office

The world's largest retailer which acquired Flipkart for $16 billion (roughly Rs. 1,13,386 crores), owns and operates 28 Best Price Modern Wholesale stores offering almost 5,000 items in a cash-and-carry wholesale format. The investigation is the l...

Mark Zuckerberg sets long-term goals for 2030 Mark Zuckerberg sets long-term goals for 2030

Specifically, Zuckerberg announced today that he's abandoning the very concept of a yearly personal challenge. "... In this decade I will concentrate on a longer period of time". Zuckerberg's vision for 2030 includes technologies that Facebook has al...

Ford's China sales drop 26% in third straight year of decline Ford's China sales drop 26% in third straight year of decline

Sales of Ford Motor Co.'s models in China decline for the third year in a row by 26.1%, less than half of what the vehicle giant sold in 2016, and they could get even worse in 2020, said the company. NEV sales shrank 4% in 2019 to 1.21 million unit...

Retail inflation spikes to 7.35% in December from 5.54% in November Retail inflation spikes to 7.35% in December from 5.54% in November

Food inflation at 14.12 per cent- Vegetable inflation at 60.5%. 2. The retail inflation in December rose to 7.35 percent as opposed to 5.54 percent in November previous year, going beyond the Reserve Bank of India's set target of keeping inflatio...

Markethill-founded BoyleSports acquires 33 William Hill outlets across Northern Ireland Markethill-founded BoyleSports acquires 33 William Hill outlets across Northern Ireland

We made good progress on a number of fronts , including our retail business, online and in the U.S., enabling us to deliver on our long term strategic ambitions. William Hill said weakness in gaming net revenue was offset by a strong sporting g...

Unruly passenger attacks flight attendant, injured 6 police officers: Authorities Unruly passenger attacks flight attendant, injured 6 police officers: Authorities

Dingley was charged with aggravated assault, criminal trespassing, resisting arrest and interfering with transportation, court records showed. "This guy was in a full sprint, right up to the cockpit, hits the cockpit, starts banging on it", Egbert ...

Talks underway to rescue Flybe Talks underway to rescue Flybe

It's less than a year since a consortium led by Virgin Atlantic and the Stobart group agreed to purchase the troubled carrier , and only a few months since plans were confirmed to rebrand the airline as Virgin Connect . Flights operated as normal o...

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