Business

Donald Trump launches furious attack on Robert Mueller

Donald Trump launches furious attack on Robert Mueller At one point, Trump regaled the crowd with a story about a general he said was named "Raisin Caine" (it wasn't immediately clear who he was referring to). "I think it's really something that they should promote, that they should work hard on. When the wind stops blowing, that is the end of your electric". [Full Article...]

Oil Dips On Surging US Crude Output, Weak China Data

Oil Dips On Surging US Crude Output, Weak China Data However, concerns continue to be raised over rising US production, and a slowing global economy that could weigh on future demand. The data compounded worries that demand is falling globally. While output rose in Texas and North Dakota, the largest onshore oil-producing states, the gains were offset by production declines in the U.S. Gulf of Mexico. [Full Article...]

U.S. economy likely to see its growth slow

U.S. economy likely to see its growth slow According to the Commerce Department , gross domestic product rose at a rate of 2.6% from October through December, surpassing expectations of 2.2% growth. The US dipped to an annual rate of 2.6pc, slowing from 3.4pc in the third quarter and 4.2pc in the second. In 2018, defence spending grew 3.4pc, the biggest increase in nine years. [Full Article...]

Amazon Prime Members: Pick Your Delivery Day, Plan Your Week

Amazon Prime Members: Pick Your Delivery Day, Plan Your Week You'll also typically have to wait at least two days from when you place your order for your goods to arrive, so don't try to game the system by setting your Amazon Day as Friday and then filling up your cart Thursday. There are several benefits to Amazon Day, both for Amazon and customers. "As a working mom of a two-year-old living in Manhattan, I order from Amazon multiple times a week for m... [Full Article...]

Amazon Reportedly Launching New Grocery Chain

Amazon Reportedly Launching New Grocery Chain Amazon could launch its first grocery store as soon as this year. According to the WSJ , the first store could open in LA before the end of this year, with more locations following - San Francisco, Seattle, Chicago, Washington DC and Philadelphia are the other USA cities that have been mooted. [Full Article...]

Hyundai, Kia recall over 500K vehicles as fire risk spreads | Instant Recall

Hyundai, Kia recall over 500K vehicles as fire risk spreads | Instant Recall The knock sensor detection system software continuously monitors engine vibrations for unusual dynamic patterns that develop as an engine connecting rod bearing wears abnormally in a way that could later cause engine seizure. The center said the government has more than 300 Hyundai-Kia fire complaints, which is high compared with similar vehicles. "The Center for Auto Safety urges Congress to in... [Full Article...]

US Trade Official: Deal with China Not Near Agreement

US Trade Official: Deal with China Not Near Agreement He added that more than half of respondents don't like the tit-for-tat tariffs that have been imposed by Washington and Beijing while they try to reach broader trade deal. Lighthizer had said the United States is seeking an agreement that prohibits China from competitively devaluing its currency as part of trade talks, following past manipulations of the yuan. [Full Article...]

Lyft reveals big growth but no profits as it readies for IPO

Lyft reveals big growth but no profits as it readies for IPO Companies must release the formal version of the filing before their roadshow. As far as financials go, the company said it garnered $2.2 billion in sales in 2018 on $8.1 billion in bookings, showing year-over-year growth of 103 percent in sales and 76 percent in bookings. [Full Article...]

Polestar 2 brings fight to Tesla Model 3

Polestar 2 brings fight to Tesla Model 3 Those looking for a fun-to-drive electric auto can opt for the Performance Package which adds Ohlins dampers, Brembo brakes and 20-inch forged alloy wheels for better handling characteristics. The all-wheel drive electric powertrain in Polestar 2 produces 300 kW (408 hp) and 660 N·m (487 lb-ft). Customers wanting to exploit more performance from the Polestar 2 can opt for an optional pack with... [Full Article...]

Walmart to Make 'Every Effort' to Keep Disabled Greeters

Walmart to Make 'Every Effort' to Keep Disabled Greeters The company said that after it made the change at more than 1,000 stores in 2016 , 80 to 85 percent of all affected greeters found other roles at Walmart. "With that in mind, we will be extending the current 60-day greeter transition period for associates with disabilities while we explore the circumstances and potential accommodations for each individual", a company spokesperson said in a state... [Full Article...]

YouTube Is Banning Comments on Most Videos of Kids

YouTube Is Banning Comments on Most Videos of Kids It will continue those efforts, and over the next few months YouTube will broaden this action " to suspend comments on videos featuring young minors and videos featuring older minors that could be at risk of attracting predatory behavior". YouTube acknowledged the upcoming changes will be dramatic, especially for video creators who specialize in content aimed at children and parents. Episodes li... [Full Article...]

Cuomo to Bezos: Baby, please don’t go

Cuomo to Bezos: Baby, please don’t go We know the public debate that followed the announcement of the Long Island City project was rough and not very welcoming. "My message to them was 'you have an opportunity to do what Seattle didn't - you have the opportunity to change your zoning, and laws to create additional housing, to make sure there's infrastructure to meet your workers needs now, and into the future, '" said Mosqueda, back... [Full Article...]

Martha Stewart Is Selling Cannabis In Canada

Martha Stewart Is Selling Cannabis In Canada The company will use Stewart's expertise and experience in consumer products in conjunction with its aim to exploring hemp-derived CBD, a compound found in cannabis , and other cannabinoids for items for human and animals that tap into the beneficial properties other than getting high. [Full Article...]

Gap to separate Old Navy brand, close stores; shares soar 25 percent

Gap to separate Old Navy brand, close stores; shares soar 25 percent Gap plans to restructure its brand speciality fleet and revitalize brand health, and that includes the closure of approximately 230 Gap specialty stores over the next two years. Gap's stock surged 25 percent in after-market trading. The brand, which found a way to offer low price clothing but with a splash of fun, has continued to grow even as The Gap and Banana Republic, both mall-based, have str... [Full Article...]

Volvo takes on Tesla Model 3 with new Polestar 2 electric auto

Volvo takes on Tesla Model 3 with new Polestar 2 electric auto The all-wheel-drive electric powertrain produces 300 kilowatts (408 hp) and can sprint from zero to 62 miles per hour in under 5 seconds. Like Tesla , Polestar will launch the 2 with a top-of-the-line Launch Edition starting at $63,000 and will make more affordable versions available over time, with prices eventually reaching the $40,000 range. [Full Article...]

Amazon just upped its game against counterfeit products

Amazon just upped its game against counterfeit products If the number doesn't match up with the listing, Amazon may be able to prevent someone from buying a counterfeit product. "This information also feeds into our automated protections so we can better catch potential counterfeit listings proactively in the future". [Full Article...]

Trump extends China tariff deadline, cites progress in talks

Trump extends China tariff deadline, cites progress in talks Should Trump feel compelled to cut a deal, even if it means having to forgo some of the major sticking points on the list of USA priorities, that could pave the way for more oil and gas exports to China. -China Business Council, Jake Parker. If not, he said, their losses in a tariff war "will be a tremendous waste". The two sides were discussing tariffs on Sunday as well as commodities, the so... [Full Article...]

What Could It Be? Elon Musk Promises Upcoming Tesla News

What Could It Be? Elon Musk Promises Upcoming Tesla News Musk said last month that service and quality were two main priorities for the company. Tesla said its sales would now be online-only around the world and it would close many stores. The online sales shift, Tesla said, will let it lower all vehicle prices by 6 per cent on average. "Over the next few months, we will be winding down many of our stores, with a small number of stores in high-t... [Full Article...]

Victoria's Secret owner plans store closures in U.S., Canada

Victoria's Secret owner plans store closures in U.S., Canada Though Victoria's Secret said that they normally close around 12 stores every year, last year they had to close 29 Victoria's Secret stores in the United States and one Pink location in Canada. Elsa Hosk walks the runway during the Fantasy Bra during 2018 Victoria's Secret Fashion Show at Pier 94 in NY. L Brands' forecast for 2019 disappointed Wall Street, sending its stock down 7% in early tradi... [Full Article...]

Fed’s Powell forecasts solid but slower U.S. economic growth in 2019

Fed’s Powell forecasts solid but slower U.S. economic growth in 2019 Powell also said the Fed expects to end its balance sheet reduction "sometime later this year". The U.S. GDP is now about $20 trillion, suggesting the Fed's balance sheet would be between $3.2 trillion and $3.4 trillion. economy throughout the year, and in terms of interest rates, the Federal Reserve Chairman wished to remain patient in determining whether to hike interest rates further this... [Full Article...]


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