Finance

Trump Considers Daughter Ivanka To Lead World Bank

Asked why he didn't nominate her , he said: "If I did, they'd say nepotism, when it would've had nothing to do with nepotism". Stephanie Grisham, the spokesw...


Wells Fargo&Co Earnings, Revenue beat in Q1

Net interest margin, the difference between what a bank charges borrowers and pays depositors, rose 7 basis points from a year earlier as banks continue to bene...


CPSC warns against Rock’n Plays for babies over 3 months

In response to the US CPSC , Fisher Price said in a statement the company had a "long, proud tradition of prioritising safety" with regards to its products. Al...


Tesla tweaks line-up, makes $35,000 Model 3 a special request item

All Tesla vehicles that can be ordered online now come with the driver-assistance system Autopilot standard, the company said in a blog post . Dubbed ' Sta...


Why Thousands of Amazon Workers Are Listening to Your Alexa Exchanges

According to Bloomberg's report, staff reported hearing some distressing conversations but Amazon said it has procedures in place for such occasions. Amazon ...


Million Fisher-Price Rock ‘N Play Sleepers Recalled After Infant Deaths

Officials say parents and caretakers should stop using the product immediately and contact Fisher-Price for a refund. The company is offering refunds to tho...


House passes bill to restore Obama-era ‘net neutrality’ rules

Adopted in 2015 during the Obama administration, these net neutrality protections had the backing of tech giants and startups as well as consumer advocacy g...


Jet Airways Aircraft Seized at Amsterdam Schiphol Airport

Shares of Jet Airways declined 1.59 per cent to close at Rs 263.40 on the BSE. Civil Aviation Secretary Pradeep Singh Kharola said last week that only 26 aircra...


Cash-strapped Jet Airways cancels all global flights

An agency report quoting a source said, " Jet Airways flights to London, Amsterdam and Paris from Mumbai , New Delhi and Bengaluru scheduled for April 12 ar...


Uber files for the most-hyped IPO of the year

By registering its public offering on Thursday, Uber aims "to price its IPO and begin trading on the New York Stock Exchange in early May", Reuters report...


China wants to ban bitcoin mining

According to Reuters , the NDRC didn't give a date or any details on how, exactly, Bitcoin mining should be eliminated - but that would mean that Bitcoin ...


Kudlow Calls Criticisms of Stephen Moore, Herman Cain ‘Unfair’

Former republican presidential candidate and Georgia business man Herman Cain speaks during the Southern Republican Leadership Conference at the College of Ch...


Oil prices dip on surging U.S. crude stockpiles

The group pegged 2018 global oil demand growth at 1.41 million b/d. OPEC also revised down non-OPEC oil supply growth in 2019 by 60,000 b/d "due to extended ma...


Newt Gingrich: Maxine Waters Has No Idea ‘How Wealthy Steve Mnuchin Is’

He would eventually go to jail for accepting bribes as part of the scheme, and lawmakers decided after the scandal that they needed access to more information a...


Wynn Resorts says ending takeover talks for Crown

News of Wynn's approach sent Crown shares surging more than 20 per cent on Tuesday, adding as much as $800 million to Mr Packer's holding in the company, whic...


American Airlines Cancels More Flights Due to Boeing 737 MAX Fixes

The two crashes killed a total of 346 people. It alleges that Boeing "actively concealed the nature of the automated system defects" and, in doing so, demonst...


International Monetary Fund trims Pak growth forecast to 2.9pc

However, Britain still looks set for its weakest growth in a decade this year, according to forecasts from the International Monetary Fund and the Bank of Eng...


Gas prices on the rise; California sees largest jumps

However, Wednesday is the most expensive day of the week to fill up in NY. But Mono County has already hit an average of $4.48, and Humboldt, Trinity and San ...


Britain's Brexit minister says: I don't want a long delay

According to draft European Council conclusions seen by Express.co.uk, the EU will only grant an extension with a "commitment by the United Kingdom to act in a ...


Worrying times for Lancashire Debenhams workers as department store goes into administration

Debenhams is expected to go through a pre-pack administration, which would mean current shareholders - including Mr Ashley who owns almost 30% of the chain - ...


Fiat pays Tesla to avoid European Union emissions fines

It would seem that by counting Teslas cars, which produce zero emissions, FCA will be able to bring down its average to a permissible level. The European Co...


Bezos remains the richest man in the world after divorce

According to calculations from the Bloomberg Billionaires Index , MacKenzie's $36 billion earnings after the divorce makes her the fourth-richest woman in th...


US Economy Adds 196000 Jobs in March

On average, jobs rose 180,000 per month in Q1, a bit milder than the 233,000 per month in the prior quarter. While the number of people working part-time for ...


More hybrid, battery-electric powertrains imminent as Ford electrifies model line-up

According to Ford, despite the increase in floor height on the hybrid models, passengers will still have more headroom in the second row than they did in th...


Brexit: Theresa May offers 'national unity' talks to break deadlock

One minister quit on Wednesday. May turned to Labour after a hardcore eurosceptic group of Conservatives repeatedly rejected her divorce deal, saying it would...


UK Chancellor Philip Hammond says second Brexit referendum must be considered

Given that Parliament has also made clear it will oppose a no-deal Brexit , the only way to secure a deal was through a compromise with Labour. If we can not s...


Corona, Modelo beers drive Constellation beat, wines leave a stain

Beer sales rose 9.3% to $1.09 billion (€970 million) in the fourth quarter ended 28 February as its brands Corona Premier, Familiar and Modelo Especial gained m...


Trump expected to nominate Herman Cain to Federal Reserve

Floyd Brown, a conservative activist who co-chairs the PAC with Cain, said in an email that when Cain learned about Trump's interest in appointing him to the Fe...


Amazon plans to launch satellites to offer broadband internet

The mission would take the company straight against SpaceX which plans to create its own network of global internet satellites. Low Earth orbit satellite...


Trump threatens 25 percent tariff on Mexico-made vehicles

The Republican president in February declared a national emergency at the border to secure the money that Congress refused to give him for the wall. "It's a s...


RBI cuts key rate by 25 bps to boost economic activitiy

The reverse repo rate has also been slashed by 25 basis points, and now is 5.75%, down from 6%. However, the central bank retained its stance for the monetar...


Supreme Court declares February 12 RBI Circular ultra vires [Read Judgment]

The notice came on the heels of banks finalising resolution plans for the " Dirty Dozen ", a list of 12 Indian companies that went bankrupt and qualified for im...


Carlos Ghosn arrested in Japan on fresh misconduct charges

He was released on bail just a month earlier. Ghosn himself called the arrest " outrageous and arbitrary ". In a statement to the media after his arrest, ...


Saudi oil company named world's most profitable business

The first official glimpse of Saudi Aramco's financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net in...


Bitcoin jumps 20 percent, mystery order seen as catalyst

For most of this year, Bitcoins have traded for between $3300 USD and $4200 USD, down from an all-time-high price of $20 000 USD in December 2017. Oliver von ...


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