Business

IPhone 11 Max rumored to have a triple-lens camera

IPhone 11 Max rumored to have a triple-lens camera And the word on the street is that the Cupertino, California based company is planning to launch three new iPhone models this year. This means Apple will maintain its two-OLED, one-LCD model lineup for the 2019 iPhone as well, despite rumours that the company could give up on LCD for this year's generation. [Full Article...]

Apple to cut production of iPhone by 10 per cent

Apple to cut production of iPhone by 10 per cent Overall planned production volume of both old and new iPhones is likely to be cut to a range of 40 million to 43 million units for January-March, from an earlier projection of 47 million to 48 million units, the Nikkei reported , citing one source familiar with the situation. [Full Article...]

Fiat Chrysler to settle U.S. diesel emissions cases for $1.1 billion

Fiat Chrysler to settle U.S. diesel emissions cases for $1.1 billion The Associated Press reported Wednesday that a multi-part agreement would include civil penalties of roughly $311 million paid to federal and California regulators, in addition to $280 million to compensate drivers and $72 million to settle claims brought by other US states. [Full Article...]

General Motors Oshawa plant workers stage sit-down strike

General Motors Oshawa plant workers stage sit-down strike GM stunned the North American auto industry in late November when it announced a major restructuring plan that will see up to 14,000 workers in North America lose their jobs, almost 3,000 of which are in the Oshawa Assembly Plant. "GM today has not only picked a fight with Unifor, but picked a fight with all of Canada". "And yet Oshawa has grown and people live there and they all have jobs". [Full Article...]

Fed chair Jerome Powell to speak on market concerns Thursday

Fed chair Jerome Powell to speak on market concerns Thursday How do increased interest rates impact you? That prospect has cheered markets, which had grown anxious that the Fed was not taking into account a variety of headwinds that could slow US growth this year. The balance sheet "will be substantially smaller than it is now", though bigger than it was before the crisis, Powell said. "That was conditional on a very strong outlook for 2019, an outlook th... [Full Article...]

Samsung warns of sales and profit decline

Samsung warns of sales and profit decline Marketing expenses as well as flat sales volumes have impacted Samsung's profitability. "Demand for IT products in China and other emerging markets is also poorer than expected". Weak demand in the memory division caused the profits to decrease sharply, Samsung said. The memory chip business was also hit by a drop in prices, the company said. [Full Article...]

Rare coin given to schoolboy as change now worth $2.3m

Rare coin given to schoolboy as change now worth $2.3m Lutes passed away in September and his coin will be up for auction through January 9, Fox News reported . Don Lutes Jr. was a 16-year-old high school student in MA when he stumbled across one of the most famous error coins in American history in the cafeteria in 1947. [Full Article...]

China trade war talks end on a positive note

China trade war talks end on a positive note World markets rose on increasing optimism that the two sides would be able to hammer out a deal ahead of a March deadline and avert further import tariff hikes. The U.S. stock market was supported by advances by technology and other trade-sensitive sectors. They say China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are a... [Full Article...]

US, China wrap up trade talks in Beijing

US, China wrap up trade talks in Beijing Chinese exports to the US have held up despite tariff increases of up to 25 percent on $250 billion of Chinese imports, partly due to exporters rushing to fill orders before more increases hit. "Talks with China are going very well! ". That includes giving specific dates for making purchases, and making assurances that Beijing won't hinder USA companies from gaining access to China's market. [Full Article...]

Sears to stay in business thanks to bid from former CEO

Sears to stay in business thanks to bid from former CEO But itis still possible that those wishing to shutdown the company will bid more for the assets than Lampert is offering, which wouldset the company on the path of shutdown once again rather than remaining in business. ESL wanted to finance a portion of the $4.4 billion bid by trading $1.3 billion in Sears debt it holds for ownership in the new company. New York-It's looking like 126-year-old S... [Full Article...]

Oil rises to $58.53; lifted by OPEC cuts, steadying stock market

Oil rises to $58.53; lifted by OPEC cuts, steadying stock market Moving forward, the American Petroleum Institute will publish its weekly report on USA crude oil supplies ahead of tomorrow's official DoE report. Futures in NY increased as much as 1.6 percent following six days of gains, the longest streak of increases since July 2017. [Full Article...]

Trade meetings in China wrapping up, hopes of a deal build

Trade meetings in China wrapping up, hopes of a deal build Trade Representative Ambassador Jeffrey Gerrish, USTR Chief Agricultural Negotiator Ambassador Gregg Doud, Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney, Under Secretary of Commerce for International Trade Gilbert B. [Full Article...]

Hyundai reveals Elevate walking auto concept at CES

Hyundai reveals Elevate walking auto concept at CES Walking on its legs the Elevate can move at approx 5km/h. The Elevate is envisioned as the Ultimate Utility Vehicle, and was created to ride on a set of retractable "legs" that can raise the cabin in the air and allow the vehicle to climb over 5-foot walls or across 5-foot gaps. [Full Article...]

Heathrow suspends departures after drone spotted

Heathrow suspends departures after drone spotted Ministers are now exploring the use of military grade jammers and blocking systems to bring down rogue drones , such as the Israeli Drone Dome system reported to have been deployed at Gatwick . Today, the British government announced a package of measures created to give police extra powers to combat drones . Gatwick has since said it has invested in anti-drone technology, while Heathrow said... [Full Article...]

Elon Musk breaks ground on first Tesla factory outside US

Elon Musk breaks ground on first Tesla factory outside US Tesla's next model, the Model Y small SUV, was originally slated to go into production in 2019, but the company now has no factory space to produce it. Elon Musk has attended the ground-breaking ceremony for a $2bn (£1.6bn) Tesla factory in Shanghai that is expected to begin producing electric cars by the end of the year. [Full Article...]

California utility PG&E explores bankruptcy filing

California utility PG&E explores bankruptcy filing And Daniel Ford of UBS Group AG on Monday raised his 12-month price target for PG&E to US$29 from US$26, based on recent disclosures by the company asserting it is not responsible for the 2017 Tubbs fire, the second-most destructive in state history. [Full Article...]

USA payrolls rose by 312000 in December as wage gains exceed forecasts

USA payrolls rose by 312000 in December as wage gains exceed forecasts The December jobs gain pushed total US employment above 150 million jobs for the first time. The aggregate weekly payrolls index - a proxy for total personal incomes that combines average hourly earnings, average weekly hours, and employment - jumped by 0.9% supporting strong consumption growth at year-end. [Full Article...]

Apple iPhone XI might have the ugliest triple camera solution so far

Apple iPhone XI might have the ugliest triple camera solution so far What's unclear is exactly what extra features we'll get from having an extra camera grafted onto the back of the phone. The cameras and LED flash are arranged in a squircle positioned in the top left corner of the phone. However, how the camera is setup on the device can be questionable. But it is something that was expected based on some reports from a year ago. Some previous rumors suggest tha... [Full Article...]

UK DUP Considers Backstop the 'Poison' in Brexit Deal

UK DUP Considers Backstop the 'Poison' in Brexit Deal MPs are due to vote on whether to back Mrs May's Brexit plan next week. She later announced the vote would go forward in the week beginning January 14. But she added: "If Parliament says 'This is just nonsense, this is no better than Theresa May's [deal],' we will put our hands up to that". But she admitted she had no way of knowing what might happen if MPs rejected her deal, adding that the c... [Full Article...]

Tesla to break ground on Shanghai Gigafactory today, CEO Musk says

Tesla to break ground on Shanghai Gigafactory today, CEO Musk says Concerns about the shrinking USA tax credit and Tesla's decision to cut prices by $2,000 to partially offset the lower incentive sent the carmaker's shares plunging 9.7% during the first two trading days of the year. In November, they clocked 393. Equity losses in China past year wiped out more than $2 trillion of wealth, denting consumer appetite for luxury goods. [Full Article...]


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