Money

Money Ford recalls 874,000 trucks due to fire risks
Author: 0 Ford recalls 874,000 trucks due to fire risks

Corrosion can make the system inoperable, or cause a short circuit, the company said. The problem is that water and debris get into the heaters cable, corroding it over time. The recall affects 2015 to 2019 model Ford-150 trucks and 2017 to 2019 model F-Super Duty vehicles, according to documents the company submitted to the National Highway Traffic Safety Administration.

Money Nissan's Carlos Ghosn re-arrested, chances of posting bail dashed
Author: 0 Nissan's Carlos Ghosn re-arrested, chances of posting bail dashed

Since his stunning arrest last month, the once jet-setting executive has languished in a tiny cell in a detention center in northern Tokyo, where he has complained about the cold and the rice-based menu. On Monday, Nissan failed to agree a replacement as chairman amid growing tensions with the French firm. The maximum penalty for violating the financial act is up to 10 years in prison, a 10 million yen ($89,000) fine, or both.

Money FED DEFIES Trump and hikes interest rates despite the president's unceasing attacks
Author: 0 FED DEFIES Trump and hikes interest rates despite the president's unceasing attacks

Those estimates are far below the Trump administration's insistence that its tax cuts would help accelerate annual growth to 3 percent in coming years. There were no dissents in the Fed's policy decision. It has since dropped to 4.63 percent. But most corporate bonds are fixed-rate, which means they are benchmarked to Treasury yields.

Money Marlboro-maker Altria takes stake in Juul e-cigarette firm
Author: 0 Marlboro-maker Altria takes stake in Juul e-cigarette firm

Altria, which is focused on the USA market after spinning off Philip Morris International Inc.in 2008, is set to invest about $12.8 billion in Juul, valuing the e-cigarette maker at roughly $38 billion, the people said. Altria will apply its logistics and distribution experience to help Juul expand its reach and efficiency and Juul will have the option to be supported by Altria's sales organization, which covers approximately 230,000 retail locations.

Money Govt reaches out to start-ups, promises no coercive action on taxes
Author: 0 Govt reaches out to start-ups, promises no coercive action on taxes

In the last month or so, India's Income Tax Department has issued notices to around 150 early-stage startups requiring them to reconcile outstanding taxes on the angel funds they have received. The government on Thursday announced big relief to startups that have come under the threat of taxation for having raised investments above fair value of their shares, a common practice among new age enterprises founded on innovative business models.

Money Canada looking for a way out of big Saudi arms deal - Trudeau
Author: 0 Canada looking for a way out of big Saudi arms deal - Trudeau

Prime Minister Justin Trudeau has said the penalty for cancelling the contract would be "in the billions of dollars". Speaking to The Canadian Press in a wide-ranging interview, Trudeau says Canada's triple-A rating with agencies like Moody's and Standard & Poor's should provide comfort to taxpayers who fear his government has been accumulating too much debt.

Money Treasury Inflation Forecasts Continue Falling After Fed Rate Hike
Author: 0 Treasury Inflation Forecasts Continue Falling After Fed Rate Hike

The Fed expressed confidence in the USA economy, saying economic activity "has been rising at a strong rate" and the labor market "has continued to strengthen", according to the statement. The US president has cited the dollar's strength as a reason the Fed should stop raising interest rates because higher rates tend to attract foreign capital to a currency .

Money Japan court denies extension of ex-Nissan chief Ghosn's detention
Author: 0 Japan court denies extension of ex-Nissan chief Ghosn's detention

While prosecutors are expected to appeal the decision, lawyers for Ghosn and Kelly are expected to submit a request with the district court seeking their release on bail. The Japanese automaker remained ready to directly share the results of its in-house investigation into alleged financial misconduct by ousted chairman Carlos Ghosn with its French partner, Nissan said.

Money Google kills Chinese search engine Project Dragonfly
Author: 0 Google kills Chinese search engine Project Dragonfly

Google has been forced to abandon its specialist Chinese search engine that censors results in line with the strict government, reports have claimed. This search engine was supposed to connect the phone numbers of users with their search histories, making it the Chinese censorship would have been Easy to find the users.

Money Pelosi: Funding for Trump's border wall is a non-starter
Author: 0 Pelosi: Funding for Trump's border wall is a non-starter

Voting was pushed back to late Wednesday and some senators sang Christmas carols in the chamber. Trump attacked Democrats again for not supporting the wall and said he would not sign any legislation that does not include it, possibly threatening the spending bill that Congress is negotiating.

Money Anheuser Busch InBev enters cannabis market | CMO Strategy
Author: 0 Anheuser Busch InBev enters cannabis market | CMO Strategy

AB InBev (BUD ), the world's biggest brewer, said Wednesday that it's teaming up with Canada's Tilray (TLRY ) to research cannabis-infused drinks. AB-InBev will participate via its Candaian subsidiary Labatt Breweries. Shares in AB InBev, by contrast, have fallen 34 per cent this year. He said that sales of marijuana edibles were growing faster than smokable products in USA states where pot is legal, but the analyst thinks beverage growth will be even stronger.

Money Morocco Murders: 3 More Suspects Arrested Over 'Terror' Killing Of Scandinavian Backpackers
Author: 0 Morocco Murders: 3 More Suspects Arrested Over 'Terror' Killing Of Scandinavian Backpackers

Police are checking the authenticity of a video shared on social media that purports to show the killing of one of the tourists, the general prosecutor said in a statement. They were in an isolated area near Imlil, on the way to Toubkal, North Africa's highest peak and a popular hiking destination. The Norwegian victim's mother, Irene Ueland, told broadcaster NRK that her daughter had taken safety precautions before making the trip.

Money Congress on verge of approving temporary spending bill to avert government shutdown
Author: 0 Congress on verge of approving temporary spending bill to avert government shutdown

Under the McConnell proposal, the government would be funded until February 8 and Trump would get border security funding at the current level, which does not include money to build a new wall. On Dec. 19, McConnell criticized Democrats for rejecting it, saying, "It seems like political spite for the president may be winning out over sensible policy".

Money GoFundMe for border wall raises more than $2M in just 3 days
Author: 0 GoFundMe for border wall raises more than $2M in just 3 days

He now works as a motivational speaker and shared his verified Facebook page in the campaign's description to verify his identity. "As a veteran who has given so much, 3 limbs, I feel deeply invested to this nation to ensure future generations have everything we have today", Kolfage's page reads.

Money Elon Musk unveils underground tunnel in LA to help combat traffic
Author: 0 Elon Musk unveils underground tunnel in LA to help combat traffic

Musk's company - the Boring Company - has debuted the first ever underground transit tunnel. Musk started The Boring Company as a solution to traffic and congested cities. Musk's tunnel company grew out of a 2013 white paper where he outlined plans for a hyperloop, a tube-encased tunnel aimed at transporting people between cities at airline-like speeds.

Money Xi stresses adhering to path of socialism with Chinese characteristics
Author: 0 Xi stresses adhering to path of socialism with Chinese characteristics

US President , Donald Trump interferes, in particular, to the dumping prices from China and the large trade deficit of the United States of America with the people's Republic of. In 2017, he cemented his power, enshrining his political views in the Constitution. China has bid farewell to the problems that plagued its people for thousands of years, including hunger, shortage and poverty, he said.

Money Facebook Gave Netflix, Spotify & More Access To Users' Private Messages
Author: 0 Facebook Gave Netflix, Spotify & More Access To Users' Private Messages

The report notes the importance of user data in this day and age, calling it the "oil of the 21st century, a resource worth billions to those who can most effectively extract and refine it". This has been a awful 2018 for Facebook so far, from numerous revelations about its shady privacy practices and high-profile political spats to admissions it helped enable genocide .

Money 3rd Canadian Citizen Detained in China
Author: 0 3rd Canadian Citizen Detained in China

Chinese authorities have detained a third Canadian citizen following the arrest of a Canadian businessman and former Canadian diplomat. Days after Meng's arrest, the first two Canadians were detained in Beijing for allegedly endangering China's national security.

Money Gatwick Airport: Drone sightings halt flights
Author: 0 Gatwick Airport: Drone sightings halt flights

Gatwick said two drones had been spotted over the airfield at 9:03 p.m., local time, and there were "multiple reports of sightings" since. The airport said it was working with Sussex Police into early Thursday to investigate and wouldn't reopen until it had "suitable reassurance".

Money Markets Right Now: Plunging oil price sinks energy stocks
Author: 0 Markets Right Now: Plunging oil price sinks energy stocks

The Dow Jones Industrial Average lost 505.56 points on Monday, a decline of 2.10 percent; and the S&P 500 fell by 2.5 percent to its lowest level of the year at 2,530.6. "We're all holding our breath for the Fed", Detrick said. "We're facing the biggest December fall in USA stocks since 1931 and this is striking and worrying at the same time", said Chris Bailey, European strategist at worldwide financial services firm Raymond James.

Money Czech Republic warns against the use of Huawei’s 5G equipment
Author: 0 Czech Republic warns against the use of Huawei’s 5G equipment

Two Canadians - former diplomat Michael Kovrig and businessman Michael Spavor - were detained after Canadian police arrested Huawei Technologies Co Ltd's chief financial officer, Meng Wanzhou, on December 1. Canadian officials did not connect the most recent arrest to the recent diplomatic turbulence between the countries. The National Post cited sources saying the detained Canadian was neither a diplomat nor an entrepreneur in China.

Money Elon Musk unveils underground tunnels, offers rides to VIPs
Author: 0 Elon Musk unveils underground tunnels, offers rides to VIPs

Tuesday's reveal comes nearly two years to the day since Musk announced on Twitter that "traffic is driving me nuts" and he was "going to build a tunnel boring machine and just start digging". Musk admitted to the LA Times that there are still kinks in the system to work out. It's just wide enough to fit a single auto, which makes its way down to the tunnel through an elevator.

Money PH 8th most gender-equal country
Author: 0 PH 8th most gender-equal country

But the World Economic Forum did rate Australia as equal first in the educational attainment category. This is the second year Canada has placed 16th in the global organization's list, which measures economic, educational, health and political disparities experienced between men and women in more than 100 countries around the world.

Money Oil prices plunge more than 7% as United States output rises
Author: 0 Oil prices plunge more than 7% as United States output rises

USA crude oil fell $2.22, or 4.4 percent to trade at $47.64 a barrel by 10:57 a.m. EST (1553 GMT), its weakest since September 2017. Rystad analyst Bjornar Tonhaugen said that the producer group needs to stay 700,000 bpd below its agreed target of 31.8 million bpd through 2019 in order to bring a recovery in benchmark Brent crude prices to the Dollars 70 per barrel level.

Money Man tried to pay for McDonald's with bag of weed
Author: 0 Man tried to pay for McDonald's with bag of weed

Police said Gallagher went through the drive-thru a second time. The McDonald's worker refused and the vehicle drove off. According to the police department, officers remained in the area of the McDonald's only for the guy to roll on up again at the drive-thru window.

Money Global markets fall ahead of US Federal Reserve interest rates decision
Author: 0 Global markets fall ahead of US Federal Reserve interest rates decision

Trump has repeatedly blasted the gradual increase in interest rates pursued by the Fed, led by Chairman Jerome Powell, as a threat to USA economic growth. "The Fed is going to be much more cautious about rate hikes next year as the economy slows significantly", Jones said. "This is a Fed that has gone through some pretty heavy criticism during the financial crisis, and they kept doing what they needed to do", said Diane Swonk, chief economist at Grant Thornton.

Money China's Xi to address key reform anniversary on Tuesday
Author: 0 China's Xi to address key reform anniversary on Tuesday

In a speech lasting almost an hour-and-a-half, Xi called for support of the state economy while also guiding the development of the private sector, and said China will expand efforts at opening up and ensure the implementation of major reforms.

Money Have a Netflix Account? Watch Out for This Scam
Author: 0 Have a Netflix Account? Watch Out for This Scam

Here's an example of an email phishing attempt that I received (Biggest clue is that I don't have a Netflix account)", the Facebook post reads. When you click through, the email brings you to a website that looks just like Netflix. Investigators say it's important to check the sender's address and spelling. In addition to catching up on Stranger Things and kicking ex-roommates off your account, you now have something else to worry about if you're a Netflix user.