Money

Money Unemployment in India is at its highest in 45 years
Author: 0 Unemployment in India is at its highest in 45 years

He alleged interference by other state agencies over backdated GDP data. Congress leader Kapil Sibal on Thursday voiced scepticism at the central government's official data, and said that unemployment was rising due to the Narendra Modi government's "pakodanomics".

Money Brexit vote: May and Varadkar to hold talks
Author: 0 Brexit vote: May and Varadkar to hold talks

Parliament voted late on Tuesday to order May to return to Brussels to replace the so-called Irish backstop, an insurance policy that aims to prevent the reintroduction of a hard border between Ireland and Northern Ireland. French President Emmanuel Macron also said the agreement was "not renegotiable", while Irish Foreign Minister Simon Coveney said the backstop arrangement remained "necessary" despite the vote.

Money Tesla reports smaller Q4 profit than previous quarter
Author: 0 Tesla reports smaller Q4 profit than previous quarter

It said it expected to deliver 360,000 to 400,000 vehicles in 2019 - growth of approximately 45% to 65% compared to 2018. The results came almost nearly two weeks after the electric-car maker warned the pressure to achieve a profit and make the Model 3 more affordable led to more than 3,000 job cuts.

Money Investors cautious ahead of Fed rate decision
Author: 0 Investors cautious ahead of Fed rate decision

They issued the statement after the Fed's January meeting, where they held interest rates unchanged, as expected. The Fed also said Wednesday that it was prepared to adjust how fast its bond holdings would decline, if necessary. In support of these goals, the Committee chose to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. Powell will then give a news conference, beginning a policy of speaking with reporters after each of the Fed's eight meetings every year, ...

Money Microsoft’s Q2 2019 earnings: The Windows Pro party is over
Author: 0 Microsoft’s Q2 2019 earnings: The Windows Pro party is over

Growth in consumer office products and cloud services was much smaller, at 1 percent. By division for the second quarter, Microsoft reported productivity and business processes revenue of $10.1 billion, up 13 percent from the second quarter a year ago.

Money Carlos Ghosn says fellow executives plotted to oust him
Author: 0 Carlos Ghosn says fellow executives plotted to oust him

In his first media interview since being detained, Ghosn claimed that he wanted to include Mitsubishi Motors CEO Osamu Masuko in the talks, but "Saikawa wanted it one-on-one". While both companies repeatedly say they are committed to the partnership, Nissan has always been unhappy about what it considers to be an outsized French role in the alliance.

Author: 0 In a shift, Fed will be 'patient' on future USA rate hikes

The Fed pared back a more aggressive stance on rate hikes late previous year after chair Jerome Powell faced intense pressure from US President Donald Trump to keep rates low. Powell will hold a press conference after every meeting this year. "Overall, this signals the Fed will not be on autopilot going forward", said Justin Lederer, Treasury analyst at Cantor Fitzgerald in NY.

Money Trump’s Foxconn factory deal in Wisconsin is close to falling apart
Author: 0 Trump’s Foxconn factory deal in Wisconsin is close to falling apart

He said it would be more profitable for the company to make the displays in Japan and China and assemble them in Mexico, rather than build them in the US. It does most of its manufacturing in China, sells products to Americans and faces pressure from both sides to maintain or create new jobs. We were promised state of the art LCD production.

Money Supreme Court bars Guaido from leaving Venezuela, freezes accounts
Author: 0 Supreme Court bars Guaido from leaving Venezuela, freezes accounts

Guaido said in an interview with CNN in Spanish on Monday that Venezuela's opposition-controlled congress had approved a measure asking foreign nations to ensure the country's assets aren't "looted" by Maduro. A host of nations led by the USA has rallied around Guaido, while multiple European nations urged Maduro to call elections by February 3. However, the authoritarian leader did suggest it "would be very good to conduct parliamentary elections at an earlier stage, it would be a good ...

Money United States charges Huawei with stealing trade secrets, fraud
Author: 0 United States charges Huawei with stealing trade secrets, fraud

Meng , who was arrested last month in Canada and faces extradition to the United States , is charged with bank fraud, wire fraud, and conspiracies to commit bank and wire fraud. It derives almost half of its total revenue outside China. Huawei´s status as a leading supplier of the backbone equipment for telecoms systems - mostly in developing markets - has given China an inside track for spearheading fifth-generation (5G) mobile technology.

Money Caterpillar Earnings Miss Amid China Downturn
Author: 0 Caterpillar Earnings Miss Amid China Downturn

Warnings from Caterpillar and Nvidia about weakening demand from China signal investors could see more profit shortfalls from U.S. firms that count on the second biggest economy for a big portion of their business. Deere & Co. fell 3.5 per cent, Cummins Inc. and Eaton Corp. each fell 4 per cent. On Monday, the chipmaker Nvidia warned that quarterly revenue would not be as great as expected and it cited "deteriorating macroeconomic conditions, particularly in China".

Money 21,000+ containers of Perdue dinosaur-shaped chicken nuggets recalled
Author: 0 21,000+ containers of Perdue dinosaur-shaped chicken nuggets recalled

P-13556. No injuries or adverse reactions have been reported, officials said. There haven't been any reports of the products making consumers sick. This is not the only Tyson recall in recent years. FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers.

Money PG&E, owner of biggest U.S. power utility, files for bankruptcy
Author: 0 PG&E, owner of biggest U.S. power utility, files for bankruptcy

PG&E Corporation and its primary operating subsidiary Pacific Gas & Electric Company - operator of California's Diablo Canyon nuclear power plant - has today filed for reorganisation under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Northern District of California.

Money Venezuela: Frustrated poor losing faith in beleaguered Maduro
Author: 0 Venezuela: Frustrated poor losing faith in beleaguered Maduro

Canada will host members of the Lima group of South and Central American countries next Monday in an effort to find a resolution to the turmoil in Venezuela, Foreign Affairs Minister Chrystia Freeland said today. The sanctions, contained in an executive order issued by U.S. President Donald Trump , freeze U.S. -based assets of PDVSA, Venezuela's largest source of revenue.

Money Harley-Davidson announces two new electric bike concepts
Author: 0 Harley-Davidson announces two new electric bike concepts

The company said it expects to ship 217,000 to 222,000 motorcycles in 2019, its lowest in eight years. The Thailand facility, which started operating previous year, was primarily meant to serve southeast Asian and Chinese markets. Just a couple weeks after Harley-Davidson announced its very first electric motorcycle set to retail for US$30,000 (RM123,195), the company revealed two more electric concept bikes that are lightweight, agile, and will surely be more affordable.

Money Cost of stamp from US Postal Service rises 5 cents to $0.55
Author: 0 Cost of stamp from US Postal Service rises 5 cents to $0.55

The Postal Service has been running a multibillion-dollar deficit for years, according to NPR . The Postal Service lost almost $4 Billion in 2018 following less volume and higher pension and health care costs. First-class mail prices rose by 10 percent. It no longer costs 50 cents to mail a letter. Sending letters and packages through the post office just got a bit more pricey.

Money Macron says France wants to keep Renault-Nissan 'balance'
Author: 0 Macron says France wants to keep Renault-Nissan 'balance'

PARIS-France's finance minister said on January 27 a severance package for former Renault chief Carlos Ghosn , forced to resign in a financial scandal, should not be "exorbitant" and that the French state would follow the matter closely. FBN's Cheryl Casone on the latest allegations against former Nissan Chairman Carlos Ghosn . In 2016 the executive known as a "cost-killer" for slashing outlays and jobs took home a combined 15.4 million euros (US$17.6 million) from his roles at Renault, ...

Money Postal Service halts mail delivery due to deep freeze
Author: 0 Postal Service halts mail delivery due to deep freeze

UPDATE 8:30 PM 1/29/2019: Kansas City will still be getting its mail on Wednesday. United States Postal Service workers will be out and about on Wednesday, delivering mail on the coldest day of the year. Local post office operations will continue, but could be limited. Storm Team 12 says much of eastern Kansas will wake up to what feels like subzero temperatures due to wind chills, including Wichita.

Money Rescuers search for Brazil dam survivors
Author: 0 Rescuers search for Brazil dam survivors

Emergency authorities told 3,000 people to evacuate Sunday and paused rescue operations until another dam, thought to be in danger of breaking, could be checked and cleared. "It is devastating. Everyone here at the community is in shock". Nestor José de Mury said he lost his nephew and coworkers in the mud. Officials say they expect to contain the sludgy mine waste known as tailings within two days.

Money Fox urges MPs to support new Irish backstop plan
Author: 0 Fox urges MPs to support new Irish backstop plan

Meanwhile, the European Union says it is now exclusively up to Mrs May and MPs to agree on a counter-proposal to the Brexit deal they rejected, with negotiations only reopening once this is achieved. Despite what she acknowledged was a "limited appetite" in Europe for reopening talks, she insisted: 'I believe with a mandate from this House... The EU, however, is reluctant to offer such concessions and has doubts as to whether Mrs May could get her deal through Parliament even with changes to ...

Money Rubio praises expected sanctions against Venezuela’s state oil company
Author: 0 Rubio praises expected sanctions against Venezuela’s state oil company

Mr Maduro remains in control of the country because of support from the military, despite massive protests against his Government amid an economic crisis that has caused millions to flee the country. Vice President Mike Pence welcomed the new sanctions. It has also been revealed at least 40 people are believed to have been killed in Venezuela's recent violence, including 26 shot by pro-government forces, five killed in house raids and 11 during looting, United Nations human rights spokesman ...

Money US' Mnuchin Expects Progress in 'Complicated' China Trade Talks
Author: 0 US' Mnuchin Expects Progress in 'Complicated' China Trade Talks

While Trump has made the soaring USA trade deficit with China a particular focus of his ire, American officials also are demanding far-reaching reforms to Chinese industrial policy to curb the alleged theft of American technological know-how and massive state intervention in commodities markets.

Money USA accuses Huawei of stealing trade secrets, defrauding banks
Author: 0 USA accuses Huawei of stealing trade secrets, defrauding banks

The cases accuse the company of everything from bank and wire fraud to obstructing justice and conspiring to steal trade secrets from T-Mobile US Inc. FBI Director Wray said that " Huawei has repeatedly refused to respect U.S. law". A federal grand jury in Brooklyn, New York, charged Huawei - and Meng - with money laundering, bank fraud, wire fraud and conspiracy.

Money Peaches and nectarines sold at Ohio Walmarts under recall for listeria concern
Author: 0 Peaches and nectarines sold at Ohio Walmarts under recall for listeria concern

Symptoms of Listeria can include a high fever, headaches, stiffness, nausea, stomach pain and diarrhea. The recall spans the states of Alabama, California , Georgia, Illinois, Kentucky, Maine, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, West Virginia and Virginia.

Money Venezuela’s Juan Guaido Thanks Netanyahu for Recognizing Presidency
Author: 0 Venezuela’s Juan Guaido Thanks Netanyahu for Recognizing Presidency

Maduro is confronting an unprecedented challenge to his authority after Guaido on Wednesday declared himself interim president before cheering supporters in the capital, Caracas, citing a fraudulent election past year. "Venezuelan soldier, I'm talking to you". Pompeo urged nations to end financial transactions with Maduro's government, which has struggled to pay bills despite the country's oil wealth.

Money Trump rams into wall: United States shutdown weakened U.S. president’s position, says poll
Author: 0 Trump rams into wall: United States shutdown weakened U.S. president’s position, says poll

The survey from ABC News/Washington Post, conducted by Langer Research Associates, found that just 32 percent of Americans viewed Trump favorably. It also said that the more the shutdown persists, the worse it gets for Trump. Just 24 percent said they have "A great deal" of confidence in the report, which stands in contrast to the large public support for such investigations.

Money Saudi says Venezuela crisis could hit oil market
Author: 0 Saudi says Venezuela crisis could hit oil market

Saudi Arabia, the biggest Arab economy , is undertaking a slew of measures to help boost the contribution of the non-oil sector to the economy under Vision 2030, the overarching roadmap for the kingdom's overhaul. To kickstart the 12-year programme, the Gulf state announced the signing of 37 agreements worth Dollars 55 billion with foreign and local investors at a ceremony attended by Crown Prince Mohammed bin Salman.

Money Taco Bell evacuated, WWII grenade safely removed
Author: 0 Taco Bell evacuated, WWII grenade safely removed

Authorities cleared the restaurant, located on East Silver Springs Blvd., while the Marion County Sheriff's Office bomb squad responded to the scene. Magnet fishing, for the uninitiated, is defined by various enthusiast websites as using a strong magnet to retrieve ferrous metal objects hidden or lost underwater.