Money

Money India Needs to Reduce E-Commerce Restrictions to Revive Economy: Amazon Executive
Author: 0 India Needs to Reduce E-Commerce Restrictions to Revive Economy: Amazon Executive

The new campus in India, spread over 9.5 acres and costing "hundreds of millions of dollars", will house over 15,000 employees, the company said. According to a report in Bloomberg , Amit Agarwal , Amazon's country manager for India said that this facility will build services globally citing examples of AWS, Kindle, Alexa and Amazon Home Services that is innovating on things like doorstep pick-up and electronics fix.

Money Trump acknowledges China policies may mean USA economic pain
Author: 0 Trump acknowledges China policies may mean USA economic pain

The Republican president indicated that he had no choice but to impose the tariffs that have been a drag on US manufacturers, financial markets and, by some measures, American consumers. The US has threatened to impose unilateral tariffs on French wines and cheese products in response to the 3% digital services tax to be levied by France on annual revenues generated by US tech giants, such as Google, Amazon, Facebook , and Microsoft.

Money Donald Trump raises pressure on Fed's Jerome Powell to cut interest rates
Author: 0 Donald Trump raises pressure on Fed's Jerome Powell to cut interest rates

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do - or can do - to strengthen the economy and restore confidence at a time of nagging uncertainties and global weaknesses. The 10-year US Treasury yield once again fell Tuesday, reversing Monday's rally, and is sitting around 1.5%. Taiwan, New Zealand and Southeast Asian markets retreated.

Money US to allow indefinite detention of migrant children: DHS
Author: 0 US to allow indefinite detention of migrant children: DHS

The new rule will change the terms of the agreement, resulting in its termination, and will change the way US agencies care for alien children, both those who arrive with family members and those who arrive unaccompanied. But that rule was never enacted, as the government faced a massive influx of undocumented migrants at the border and lacked appropriate bed space. The government now has only between 2,500 and 3,000 detention beds for family units and said any expansion of detention ...

Money Ryanair wins court bid to block Irish strike
Author: 0 Ryanair wins court bid to block Irish strike

Ryanair managed to quell last year's disputes by striking pay deals with many staff in Europe after agreeing to recognise trade unions for the first time, but it has faied to do so with with others and further angered unions by telling staff last month that it had 900 more pilots and crew than it needed.

Money Facebook Libra Already Facing an EU Antitrust Probe
Author: 0 Facebook Libra Already Facing an EU Antitrust Probe

A six-member delegation from the House of Congress' Financial Services Committee will meet with Adrian Lobsiger, the Swiss Federal Data Protection and Information Commissioner ( FDPIC ), to discuss Facebook's Libra project. The EU questionnaire said regulators are also examining the possible integration of Libra-backed applications into Facebook services such as WhatsApp and Messenger.

Money Walmart Sues Tesla for Solar Panels That Went up in Flames
Author: 0 Walmart Sues Tesla for Solar Panels That Went up in Flames

Tesla did not respond to a request for comment. The issues that caused that ground fault alert likely caused or contributed to the subsequent fire in the fall of 2018, revealing Tesla's utter incompetence or callousness, or both. "To this day, Tesla has not provided Walmart with the complete set of final "root cause" analyses needed to identify the precise defects in its systems that caused all of the fires described above".

Money Further delay for United States ban on trade with tech giant Huawei
Author: 0 Further delay for United States ban on trade with tech giant Huawei

Of course, if no further clemency is granted after the new November deadline, these may be the last Huawei devices we see with Android. Shortly after the ban was announced , the Commerce Department granted Huawei a 90-day stay of execution in a move it said was created to "minimize disruption" for its customers.

Money White House considering cutting tax to avoid recession
Author: 0 White House considering cutting tax to avoid recession

Their wages are rising". Despite concerns that economic growth may be faltering, the Trump administration is denying any risk of recession . Lower-income Americans pay more of their incomes in payroll taxes, given it's a regressive tax, or one applied at a uniform rate.

Money Japanese Giant Rakuten Officially Launches Cryptocurrency Exchange
Author: 0 Japanese Giant Rakuten Officially Launches Cryptocurrency Exchange

Japanese e-commerce giant Rakuten Inc. has launched a cryptocurrency exchange after first being rumored to be doing so in February . To ensure the security of crypto asset transaction services, Rakuten Wallet said that crypto assets owned by Rakuten Wallet and customers are physically separated and managed, and cryptographic assets owned by customers are managed with cold wallets.

Money Porsche Type 64 fails to sell after auctioneer blunder
Author: 0 Porsche Type 64 fails to sell after auctioneer blunder

He said the screen showing $ 70 million was wrong. The display was so farcical some in the audience thought it was an attempt at a joke. The bidding started at only $13 million and not $30 million. It did not name the auctioneer. "This was in no way intentional on behalf of anyone at RM Sotheby's, rather an unfortunate misunderstanding amplified by excitement in the room ", the auction house said.

Money Trump quashes fears of recession in United States
Author: 0 Trump quashes fears of recession in United States

They're buying. And most economists actually say that we're not going to have a recession. "They're loaded up with money". "Consumers are working at higher wages". The outlook reflects growing skepticism among economists and investors that the US economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global outlook.

Money Bugatti reveals radical R136m Centodieci hypercar with 1176kW
Author: 0 Bugatti reveals radical R136m Centodieci hypercar with 1176kW

The company is making just 10 of the Centodiecis, which feature Bugatti's 8.0-liter W16 engine. The angular supercar , still dotted with the signature Bugatti design elements, tips its hat to the mid-engine EB110 supercar that debuted in 1991 when the company was owned by Romano Artioli.

Money Huawei US ban set for 90-day reprieve
Author: 0 Huawei US ban set for 90-day reprieve

The remarks by Trump to reporters in Morristown, N.J., mark his latest escalation against the Chinese tech giant amid a broader trade battle with Beijing. Less than two weeks before, it was reported that the U.S. Treasury Department had chose to suspend the applications of U.S. companies seeking a temporary license to do business with Huawei.

Money Tyson Just Recalled Nearly 40000 Pounds of Chicken
Author: 0 Tyson Just Recalled Nearly 40000 Pounds of Chicken

Image of the bag of impacted Weaver product . The items have one of eight particular lot codes on the label. The chicken patties should be thrown out or returned to the store, according to the news release. CDT. However, neither the U.S. Department of Agriculture's Food Safety and Inspection Service or Tyson disclosed what "extraneous materials" were found in the chicken.

Money Trump warns China against Tiananmen II in Hong Kong
Author: 0 Trump warns China against Tiananmen II in Hong Kong

Protesters that day clashed with police, blocked passengers from boarding flights, and attacked two suspected spies from mainland China , including one reporter for the Chinese state outlet Global Times . Many are here despite the humidity and heavy rain. Marchers gathered in Kowloon district holding signs reading "Stand up for Hong Kong ". For weeks, hundreds of thousands of Hong Kong residents have been filling the streets in protest of a local government they believe has become ...

Money Oil price rises on US high retail sales
Author: 0 Oil price rises on US high retail sales

However the initiatives of OPEC + have actually been surpassed by worries about the worldwide economic climate in the middle of the U.S. Brent Crude futures, in turn, fared nearly as poorly, with the global benchmark falling 58.23 dollars a barrel (-2.10 percent).

Money Acura Type S concept unveiled
Author: 0 Acura Type S concept unveiled

Sources within Acura tell TheDetroitBureau.com that the actual TLX Type S won't make its formal appearance until sometime next year, apparently as a 2021 model. Acura will be hitting The Quail this weekend with a concept created to re-ignite some of the brand's performance sedan credentials. A sharp and distinctive tail features an upswept decklid with a sharply creased centerline (drawn from the hood) and integrated forged carbon spoiler.

Money Nvidia reports strong second quarter, with business returning to 'normal'
Author: 0 Nvidia reports strong second quarter, with business returning to 'normal'

Wall Street analysts often provide price target projections on stocks that they cover. Revenue in video games fell 27% to $1.31 billion, however, it still managed to beat estimates of $1.28 billion. "While sales for internal hyperscale use were muted, the engineering focus on AI is growing", said CFO Colette Kress on a conference call with analysts Thursday.

Money Mired in debt, WeWork files for IPO
Author: 0 Mired in debt, WeWork files for IPO

In the prospectus We Co warns: "We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level ... The financial disclosures make it clear that WeWork - which, it should be said, is a commerce office leasing company and not truly a tech company - shares the hallmarks of Uber Technologies and other high-profile young technology start-ups.

Money Alibaba celebrates a strong quarter
Author: 0 Alibaba celebrates a strong quarter

Alibaba posted net income of RMB21.25 billion ($3.10 billion), compared with net income of RMB8.69 billion ($1.27 billion) in the same period previous year. Alibaba's financial reports are often seen as a proxy to gauge China's consumer spending. Joe Tsai, Alibaba's Executive Vice-Chairman, attributed the results to China's demographic trends and continued urbanisation, pointing to the growing urban middle class willing to shell out for brands on Alibaba's e-commerce platforms.

Money Gov't Creates 611,397 New Jobs
Author: 0 Gov't Creates 611,397 New Jobs

The number of people in the labor force fell by 5,000 in July to about 5.1 million; the labor force has shrunk by roughly 50,000 over the past year. The U.S. During the past year, Oklahoma added 14,500 new jobs, an increase of 0.9%. Breakdown of the jobs created in the formal sector are Government ministries, departments and agencies (MDAs) absorbed 343,458 out of the total figure with 267,939 getting placements in other formal private sector areas.

Money Markets Right Now: Stocks end turbulent week broadly higher
Author: 0 Markets Right Now: Stocks end turbulent week broadly higher

The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past recessions. The Russell 2000 index of smaller company stocks slid 43.05 points, or 2.8pc, to 1,467.52. At 7:00 a.m. ET, Dow e-minis were down 239 points, or 0.91%.

Money Oil prices steady after big drop on recession concerns, inventory rise
Author: 0 Oil prices steady after big drop on recession concerns, inventory rise

China reported a raft of unexpectedly weak data for July, including a surprise drop in industrial output growth to a more than 17-year low, underlining widening economic cracks as the trade war with the United States intensifies. USA crude oil imports averaged 7.7 million barrels per day last week, up by 566,000 barrels per day from the previous week. The inventories were about 3% above the five-year average at 440.5 million barrels, the EIA said in its weekly report.

Money GE On The
Author: 0 GE On The "Verge of Insolvency" Claims Whistleblower Report

GE said it disclosed potential losses of $7.4 billion related to Baker Hughes in a recent federal filing and stood by how it classified the business. "GE's $38 billion in accounting fraud amounts to over 40% of GE's market capitalization, making it far more serious than either the Enron or WorldCom accounting frauds", the report says.

Money Indian automobile industry July 2019 sales plunge to new low
Author: 0 Indian automobile industry July 2019 sales plunge to new low

Vehicle sales in India during July fell at the sharpest pace for almost 20 years, according to new data. Around two lakh jobs have been cut across automobile dealerships in India in the last three months as vehicle retailers take the last resort of cutting manpower to tide over the impact of the unprecedented sales slump, according to industry body FADA.

Money Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned
Author: 0 Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned

Recent events have been "regrettable", he added, with the need to put in a place a new management team "who can reset confidence and lead the airline to new heights". Hong Kong is bracing for another long weekend of protests following dramatic scenes earlier this week when demonstrators forced the closure of the financial hub's global airport .