Business

Fed rate hike, rate cut both 'on the table': Raphael Bostic

Washington- The US Federal Reserve on Wednesday left interest rates unchanged after concluding a two-day policy meeting, in a move that met market expectation...


Volvo will add in-car sensors to prevent drunk driving

The automaker is in discussions with insurance companies, it says, in the hope of developing custom coverage that would reward Volvo drivers making use of the...


Trump pressures GM over OH plant closure, wants it ‘open now’

Trump tweeted. "Toyota is investing 13.5 $Billion in US, others likewise. G.M". That may be one reason why Trump joined a coalition of OH lawmakers in efforts...


Top Facebook, WhatsApp executives quit over data privacy disputes

The company is facing multiple federal investigations over data privacy , stagnating user growth in its most lucrative markets, and a record-low reputation wit...


Nvidia to buy Israel's Mellanox for $6.8 bln in data center push

Reports surfaced yesterday on the Israeli technology news site CTec, that Nvidia had entered the Mellanox bidding, which reportedly has included Xilinx, Broad...


Tesla performs U-turn over store closures

The company will evaluate the performance of approximately 20% store locations over the next few months before determining if they should remain open or close. ...


MASS PANIC on Turkish Airlines Flight to New York JFK, dozens injured

EST (1035 GMT), Coleman said. Turkish Airlines confirmed that its TK01 Istanbul-New York Flight encountered unusual turbulence. The Port Authority said th...


Mark Zuckerberg wants to make Facebook more 'privacy focused'

Over the years, the actual mission statement of Facebook has been aconstantly evolving specimen , morphing from "a social utility that connects you with the ...


Elizabeth Warren wants to break up Amazon, Facebook and Google

Her plan primarily targets only those companies with annual revenue over $90 billion, and it would embolden federal and state regulators to issue steep fines an...


United States commerce department says trade deficit hit 10-year high in 2018

Trump announced in a Twitter post last month that he would delay another planned increase in tariffs on $200 billion worth of Chinese goods that was originall...


Huawei launches its counter-attack by suing the U.S. government

The United States has asked allies not to use Huawei's technology because it could be a vehicle for Chinese spy operations, an accusation denied by the compan...


Tesla will upgrade Superchargers to faster V3

Combined with other improvements we're announcing today, V3 Supercharging will ultimately cut the amount of time customers spend charging by an average of 50%...


Trump says congress grilling of Cohen contributed to summit 'walk'

Kim Jong Un himself said in our last meeting, you know, we're going to go through many stations before we achieve this deal. When asked about Cohen's testim...


Lyft IPO filing shows surging revenue, widening losses

The company's history of losing money was listed as a risk factor, along with intense competition, and it said there would be consequences if the work status of...


Polestar 2 brings fight to Tesla Model 3

Rather than flying in journalists from around the world to show off a zero-emissions electric vehicle, Polestar stuck with its image as a "digital brand" and Po...


Victoria's Secret closing more than 50 stores across the U.S. and Canada

These aren't the only numbers falling for the lingerie company. The former president of Tory Burch, John Mehas was finally installed at Victoria's Secret Linger...


TikTok Fined in US for Illegally Gathering Children's Data

TikTok , the app which allows millions of teenagers to bask in their own glory for 15 seconds at a time by lip-synching to popular music videos and sharing th...


Elon Musk in trouble with SEC over another tweet

The SEC found Musk's "misleading tweets " had caused Tesla's stock price to jump by more than 6% on August 7, 2018. Musk agreed to having future tweets tha...


Microsoft workers protest use of HoloLens headsets for war

A group of Microsoft employees are demanding the company sever a contract with the United States Army that would put the HoloLens AR headset on the battle...


Asia report: Most markets higher, Aussie coal miners suffer

The pair initially got a minor boost from a stronger than expected Aussie jobs report but then came under some intense selling pressure after China moved to ban...


Oil prices rise amid lower United States oil rig count

Oil prices eased off 2019 highs on Thursday ahead of USA government data that was expected to show a fifth weekly build in crude inventories, while concerns ab...


Troops defect as tensions escalate at Venezuela-Colombia border

Opposition leaders are pushing forward in belief that whether Maduro lets the aid in or not, he will come out weakened. Two humanitarian aid trucks crossed ...


Tesla Model 3 Loses Consumer Reports Recommendation

The California-based firm has already adjusted prices and added a cheaper Model 3 variant to its line-up to make its USA -made cars more affordable in China a...


Brexit deal still in the balance with crucial week looming

But an aide for Juncker quoted the Commission president as saying on Tuesday evening: "I have great respect for Theresa May for her courage and her assertiven...


China accuses USA of trying to block its tech development

U.S. Vice-President Mike Pence , speaking last weekend in Germany, urged European allies to take seriously "the threat" he said was posed by Huawei as they l...


Amazon Drops Plans For New York Headquarters

Marc Weller, president of Weller Development Co., the developer of Port Covington , said last week that his team had reached out to Amazon . "They have sh...


Amazon might be reconsidering its second headquarters in NY

The report cited two unnamed people familiar with the company's thinking. "New Yorkers wont be bullied by Jeff Bezos , and if Amazon is unwilling to respect ...


National Enquirer owner says it ‘acted lawfully’ toward Amazon’s Jeff Bezos

The tabloid labelled it "the biggest investigation in Enquirer history". A digest of the top political stories from the Globe, sent to your inbox Monday-Fri...


RBI Policy: MPC Cuts Repo Rate by 25 Basis Points to 6.25%

MPC members Viral Acharya and Chetan Ghate voted against a rate cut. The RBI concluded that India needs some higher monetary policy intervention, and reduced ...


Oil falls 1 percent as supply concerns fade

Brent crude oil futures were last down 50 cents, or 0.8, at $62.19 a barrel by 1310 GMT. Oil fell 1 percent on Wednesday after a report showed a rise in US ...


Argentines march to USA embassy to protest Venezuela intervention

The spokesman for Guterres, Stéphane Dujarric, said that Guterres "supports the efforts of the global community that will help find a political solution" to the...


Oil prices drops below $61.5

Stocks increased 1.3 million barrels in the week ended February 1, compared with analysts' expectations for an increase of 2. 2 million barrels . The potentia...


Alphabet logs $39.3 bn in revenue on Google ad business

Alphabet's "other bets", the other companies owned by Google's parent, earned $6.49 billion. It reported $39.3 billion in revenues for the fourth quarter...


Trump to press border wall fight in State of the Union speech

The State of the Union address is a speech that the President of the United States gives every year to politicians and the American people. The televised re...


China and United States schedule more trade talks before March deadline

U.S. President Donald Trump conditioned any prospective trade deal on a sit-down with Chinese leader Xi Jinping . "Hopefully, they're going to buy lots of co...