Business

Apple will offer its own credit card

Apple will offer its own credit card The credit card had relatively little advance publicity but could have a big impact on online banking. Even though you'll mostly be using Apple's new credit card digitally through Apple Pay and Apple Wallet, there will still be times when you'll need to use a physical card. [Full Article...]

Uber 'picks New York Stock Exchange' for stock listing

Uber 'picks New York Stock Exchange' for stock listing Securities and Exchange Commission. This follows a trade group representing top US pension funds and asset managers asking exchanges to require companies seeking to go public with share classes with unequal voting rights to have plans to equalize them within seven years. [Full Article...]

Naresh Goyal exits Jet Airways board as lenders take control

Naresh Goyal exits Jet Airways board as lenders take control The reports of Goyal's departure led to a rally in Jet's shares of more than 12 percent. Jet Airways , which was founded by Naresh and Anita back in 1993 ran into debt amounting to over $1 billion. The pilots have offers from SpiceJet or IndiGo, sources told Moneycontrol. Compounding Jet Airways' woes were a depreciating Indian rupee and surging oil prices. [Full Article...]

Trump To Nominate Former Campaign Adviser Stephen Moore For Fed

Trump To Nominate Former Campaign Adviser Stephen Moore For Fed Moore's nomination, which the Senate must confirm, drew sharp criticism from some economists and historians. In October of 2018, he released a book titled " Trumponomics: Inside the America First Plan to Revive Our Economy ". The position would give Moore a vote at the policy-setting table of an institution whose interest rate hikes past year were a frequent target of Trump's ire. [Full Article...]

Explainer: What Is an Inverted Yield Curve?

Explainer: What Is an Inverted Yield Curve? Long-term Treasury bond yields fell below short-term yields on Friday for the first time since 2007, indicating growing pessimism over the outlook for USA economic growth. A yield curve inversion does not predict the length or severity of a downturn. On Wednesday, the USA central bank said that it did not expect to raise interest rates for the rest of the year amid slower economic growth. [Full Article...]

Man tests Petco's 'all leashed pets welcome' policy ... with steer

Man tests Petco's 'all leashed pets welcome' policy ... with steer Oliver the steer is a Texas-sized pet , but his huge horns didn't keep him out of Petco, video shows. A Texas man has taken his steer to a Petco store. "They welcomed Oliver the African Watusi with open arms", wrote Vincent Browning on his Facebook page on Monday. "We mean it when we say ALL leashed pets are welcome in our stores", the store said on Facebook . [Full Article...]

GM to invest $300 million into Orion Plant

GM to invest $300 million into Orion Plant This new investment into electric vehicles is nice, but it is a drop in the bucket compared to what the company is dumping into its SUVs and trucks. "We are excited to bring these jobs and this investment to the U.S.", said GM Chairman and CEO Mary Barra during an announcement at the plant with employees, elected officials, and community leaders. [Full Article...]

Erdogan urges world to unite, fight Islamophobia

Erdogan urges world to unite, fight Islamophobia Shortly after Peters spoke, Erdogan again showed footage from the massacre video at a political rally, with translated excepts from the killer s manifesto as well as images of a Turkish opposition leader. Addressing the conference separately, Erdogan struck a conciliatory tone, saying the empathy and reaction displayed by New Zealand Prime Minister Jacinda Ardern since the incident "should be an... [Full Article...]

Strong IPO Boosts Levi Strauss Market Cap To $8.7 Billion

Strong IPO Boosts Levi Strauss Market Cap To $8.7 Billion All of that has helped Levi Strauss turn in a 14 per cent increase in sales to USD5.6 billion for the year ended November 25, 2018. Jeans sales appear to be on an upswing in the USA, increasing 2.2 percent to $16.7 billion last year after four straight years of declines, according to data from Euromonitor. [Full Article...]

Apple is reportedly planning a gaming subscription service

Apple is reportedly planning a gaming subscription service Tim Cook, the CEO of Apple , will be speaking during a presentation on March 25th where Apple will cover different topics that remain unknown at this time, but new reports suggest that Apple has been moving along with its game subscription service talks and could be preparing for a reveal on Monday. [Full Article...]

Powerball jackpot estimated at $625 million before Saturday drawing

Powerball jackpot estimated at $625 million before Saturday drawing It would be the seventh-highest US lottery jackpot ever. "A lot like the flowers in the southwest, this $625 million Powerball jackpot is a spectacular super bloom", said David Barden, Powerball Product Group Chairman and New Mexico Lottery CEO. [Full Article...]

MillerCoors escalates legal action over 'false' Bud Light corn syrup claims

MillerCoors escalates legal action over 'false' Bud Light corn syrup claims Bud Light's ads during Super Bowl LIII touted the fact that the beer is sweetened with rice rather than corn syrup. AB, the suit said, knew full well that many consumers don't like high-fructose corn syrup and knew that "consumers do not understand the difference between ordinary corn syrup (used by numerous brewers, including AB itself) and high fructose corn syrup, the controversial sweeten... [Full Article...]

URGENT RECALL: Popular Brand Of Dog Food Recalled

URGENT RECALL: Popular Brand Of Dog Food Recalled AUSTRALIAN DOG OWNERS ARE BEING WARNED TO CHECK THEIR CANNED PET FOOD AFTER A POPULAR BRAND expanded its voluntary recall ON PRODUCTS THAT COULD CAUSE SERIOUS HEALTH ISSUES. The company announced the recall expansion in a letter to veterinarians on Wednesday. "In most cases, complete recovery is expected after discontinuation of feeding", Hills Pet Nutrition said. [Full Article...]

Tesla Sues, Claiming Engineer Stole Autopilot Source Code

Tesla Sues, Claiming Engineer Stole Autopilot Source Code The former employees, who worked in warehouse and distribution control management are accused of stealing " proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations". [Full Article...]

Levi Strauss readies for prime time in public markets again

Levi Strauss readies for prime time in public markets again Shares of Levi Strauss started trading Thursday morning under the ticker LEVI on the New York Stock Exchange , which suspended its "no jeans allowed" rules to celebrate the company's return to Wall Street. In its prospectus , Levi Strauss says it plans to use the proceeds to expand more aggressively into China, India and Brazil. That number comes in higher than the expected range, valu... [Full Article...]

CVS To Start Selling CBD-Infused Products In California, 7 Other States

CVS To Start Selling CBD-Infused Products In California, 7 Other States CVS says the products include topicals such as creams, sprays, roll-ons, lotions, and salves. CVS did specify, though, that they will not be selling any CBD supplements or food additives in their stores. CBD, or cannabidiol, which doesn't get you high, has become a trendy wellness ingredient, gaining popularity as regulations are eased across the U.S. [Full Article...]

Shaquille O'Neal joins Papa John's board as pizza chain eyes comeback

Shaquille O'Neal joins Papa John's board as pizza chain eyes comeback O'Neal will also invest in nine Papa John's stores in Atlanta and become an ambassador for the brand in advertisements. Papa John's will pay him $8.25 million over three years, per CNN Business . The NBA Hall of Famer will be a "triple threat", he said on CNBC's "Squawk on the Street" after the announcement Friday morning. Papa John's competitor Pizza Hut, owned by Yum Brands Inc, replaced ... [Full Article...]

Volvo launches Care Key for all cars for safe sharing

Volvo launches Care Key for all cars for safe sharing Now, though, it's fleshing out that safety strategy, and that could include even tougher limits. Both of these innovations, as well as the decision to limit the top speed of all vehicles, have been created to support Vision 2020, a mission for Volvo Cars that "aims for no one to be killed or seriously injured in a new Volvo by 2020". [Full Article...]

Disney closes $71B deal for Fox entertainment assets - Film - Arts & Culture

Disney closes $71B deal for Fox entertainment assets - Film - Arts & Culture Disney also gets a controlling stake in the existing streaming service Hulu , which it plans to keep operating as a home for more general programming. With the deal, Disney also now owns DTH company Tata Sky and reality show production house, Endemol Shine Group. The sale marks a new phase for Murdoch's media business which will now rely heavily on its cable news and sports output for th... [Full Article...]

GM invests $300M to build new Chevy EV in MI

GM invests $300M to build new Chevy EV in MI The company says it will spend $300 million at its plant in Orion Township, Michigan, to manufacture a Chevrolet vehicle based on the battery-powered Bolt. "We still have 4,000 jobs and 4,000 employees in four additional OH plants", Barra told reporters. We'll continue to work with the stakeholders in the community because we want to do the right thing for the community. [Full Article...]


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