Business

US stocks trade mixed - Dow rallies, Nasdaq underperforms

US stocks trade mixed - Dow rallies, Nasdaq underperforms The broad-based S&P 500 gained 0.1 per cent to 2,907.95, while the tech-rich Nasdaq Composite Index shed 0.1 per cent to 7,950.04. The S&P 500 rose 22 points, or 0.8 percent, to 2,930. The S&P index recorded 36 new 52-week highs and no new lows , while the Nasdaq recorded 46 new highs and 25 new lows . In futures trade today, the Dow Jones is up 21 points; the S&P 500 added 1.25 and th... [Full Article...]

Grungy, taped-up designer sneakers sell for $530

Grungy, taped-up designer sneakers sell for $530 At least that's according to plenty of shoppers who are sharing their anger on social media in response to a pair of shoes being sold on Nordstrom's site for $530 . One Twitter user wrote , "There are people in the world wearing plastic bags as shoes because they can't afford any but these ugly things are selling for $500". [Full Article...]

Comcast out-muscles Fox in £29.7-billion deal for Sky

Comcast out-muscles Fox in £29.7-billion deal for Sky Comcast has a stake in USA streaming company Hulu, alongside Fox and Disney, but analysts such as MoffettNathanson Research's Craig Moffett, earlier tipped the cable company could use the new assets to launch a global over-the-top television streaming offering. [Full Article...]

US OIL re-testing 50 MA. Trump's tweet in play?

US OIL re-testing 50 MA. Trump's tweet in play? The president also suggested it was unfair that OPEC raises prices when, "We protect the countries of the Middle East , they would not be safe for very long without us". That was mostly due to the higher oil prices. Crude inventories fell by 2.1 million barrels, compared with expectations for a decrease of 2.7 million barrels. [Full Article...]

Uber reported to be in early talks to buy Deliveroo

Uber reported to be in early talks to buy Deliveroo Bloomberg has reported that Uber might be buying Europe's Deliveroo , a major player in the continent's third-party delivery landscape. Bloomberg notes that Deliveroo would be interested in the deal only if the purchase price is considerably higher than its recent valuation. [Full Article...]

China considers lowering tariffs as its economy faces difficulties

China considers lowering tariffs as its economy faces difficulties While both the Chinese and United States measures are set to go into effect Monday, Trump previously noted that the initial 10 percent tariffs would rise to 25 percent on January 1, 2019. In a formal statement, the Chinese Ministry of Commerce said the USA undertook the new round of tariffs "in spite of the overwhelming opinions of the vast majority of global and domestic opinions". [Full Article...]

Emirates, Etihad airlines deny reports of merger

Emirates, Etihad airlines deny reports of merger Based on anonymous sources, Bloomberg reported that there were talks at a "preliminary stage" which could eventually lead to Emirates taking over Etihad Airways. Douglas has also been negotiating with Airbus SE and Boeing Co. after concluding that doubling the fleet is no longer viable, calling into question scores of wide-body jet orders. [Full Article...]

India cuts monthly crude oil loadings from Iran

India cuts monthly crude oil loadings from Iran Sources said while India is in touch with both Iran and the USA on the complex issue, it is banking upon the European Union stance to explore an alternative mechanism of payments. Many refiners in Japan, the world's fourth-biggest oil consumer, say they are resigned to completely halting imports from one of their historically important suppliers, unlike during a previous round of sanctions when ... [Full Article...]

Comcast, Fox to settle $35B takeover for Sky in an auction

Comcast, Fox to settle $35B takeover for Sky in an auction The panel will make an announcement with the results of the auction "as soon as practicable" - a dramatic finish to one of the most tense takeover sagas in recent memory in Britain. There have only been three British takeover situations since 2007 in which the regulator has run auctions, including the 6.2 billion-pound sale of Anglo-Dutch steelmaker Corus to India's Tata Steel, according to an... [Full Article...]

Tesco could introduce new discount stores across NI

Tesco could introduce new discount stores across NI A second outlet opened yesterday in Immingham, Lincolnshire. Jack Cohen founded Tesco 99 years ago in 1919. "However, we also forecast very strong earnings per share growth out to full-year 2021", he pointed out, adding that the supermarket had scope for further deleveraging and "indeed we can not rule out that Tesco may follow where Morrisons' has led, in exploring recurring special dividen... [Full Article...]

E-tron: Audi's answer to Tesla's Model X

E-tron: Audi's answer to Tesla's Model X The SUV was unveiled in San Francisco as production began in Belgium. In Europe, the vehicle will use cameras instead of conventional mirrors to give drivers a view to the rear. Audi and parent Volkswagen are using the U.S. launch of the e-tron SUV in mid-2019 to take aim at one obstacle to expanding electric vehicle sales - the lack of convenient ways to recharge their batteries. [Full Article...]

Barclays digital banking services back up after 'technical hitch'

Barclays digital banking services back up after 'technical hitch' Online a telephone services were offline for at least seven hours, however, Barclays say "everything is now fixed". Regulators and politicians are increasing scrutiny over banks' cyber resilience. Many took to social media to complain, a day after technical problems also hit rival Barclays. The consequences for banks of online banking problems and the subsequent scrutiny of those failings by p... [Full Article...]

Indian Refiner Cancels Iran Oil Imports

U.S. sanctions against Iran will come into effect from November 4 and will block banking channels. The official said Iran is open to accepting rupee payment for oil and may use the money to pay for equipment and food items it buys from India. [Full Article...]

Tesla Model 3 Awarded Perfect 5-Star NHTSA Safety Rating

Tesla Model 3 Awarded Perfect 5-Star NHTSA Safety Rating It's also worth mentioning that while the IIHS hasn't published its crash test results, it has partially evaluated the Model 3 and it received a rating of Superior for its forward collision avoidance systems and an "A" rating for its headlights. [Full Article...]

Tesco opens first discount store to take on Lidl and Aldi

Tesco opens first discount store to take on Lidl and Aldi Most products will be Jack's own brand and the chain will have 2,600 lines. This news comes after reports that Lidl and Aldi have experienced successful trading recently with Tesco , Asda, Sainsbury's and Morrisons taking a hit because of the discounts on offer by both brands. [Full Article...]

Oil edges up on supply concerns

Oil edges up on supply concerns However, the country's oil exports fell to 7.12 million barrels per day (bpd) last month from 7.24 million bpd, according to figures from the Joint Organizations Data Initiative. Iran's OPEC governor said on Saturday that Saudi Arabia and Russian Federation have taken the oil market "hostage" and accused other producers of turning OPEC into a USA tool. [Full Article...]

India airliner turns back due to bleeding passengers

India airliner turns back due to bleeding passengers Some are suffering from mild conductive deafness, which might continue till a week. "They are advised not to fly till then", Patankar said . After the flight's all three Instrument Landing System (ILS) receivers on board malfunctioned, the pilot says, "They are stuck, and there is no fuel". [Full Article...]

Thousands of Amazon Go Stores by 2021

Thousands of Amazon Go Stores by 2021 That would mark a dramatic expansion of Amazon's brick-and-mortar footprint, and could pose an immediate challenge to food sellers from convenience chains like 7-Eleven to large format grocers like Kroger. One person familiar with Amazon Go's development said in an interview with The Seattle Times that the number of stores the company is aiming for has been a subject of debate internally. [Full Article...]

Amazon pitches customers on buying from just U.S. small businesses

Amazon pitches customers on buying from just U.S. small businesses Amazon has launched a new store which allows customers to shop exclusively from small and medium-sized businesses in the United States. "Amazon first invited businesses to sell on Amazon almost two decades ago, and today, small and medium-sized businesses are a vital part of Amazon's large selection and commitment to customers", Amazon vice president and head of marketplace Nicholas Denissen sai... [Full Article...]

Audi E-Tron, an all-electric first SUV revealed

Audi E-Tron, an all-electric first SUV revealed Audi dealers, mainly those from California where Tesla has made major inroads, cheered the e-tron at Monday night's crowded event. The small SUV will face tough competition from the Tesla Model X, Jaguar I-Pace and Mercedes EQC but it has all the right credentials in the practical family auto stakes with five seats, 600 litres of boot space and a further 60 litres of storage space under the ... [Full Article...]


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