Money

Money Tesla Self Driving Will Boost Market Cap To $500B, Elon Musk Says
Author: 0 Tesla Self Driving Will Boost Market Cap To $500B, Elon Musk Says

Shareholders don't usually like to see companies dilute the value of their shares by issuing new stock, but markets have reacted positively to Tesla's announcement. The interest rate, conversion price and other terms of the notes are to be determined. Tesla is preparing to raise $2.3 billion as the Silicon Valley company struggles with the realization that its federal tax credit credits are running dry.

Money HSBC wealth unit reports 19% profits surge
Author: 0 HSBC wealth unit reports 19% profits surge

Revenue gains outpaced cost increases in the first three months of the year, the bank said, a trend HSBC refers to as positive jaws. While operating expense was down by 12 percent, the company managed to invest more than a year ago to boost growth across the business and the big shift from physical to digital all across the bank, it said.

Money Microsoft Azure launches A Fully Managed Blockchain Service
Author: 0 Microsoft Azure launches A Fully Managed Blockchain Service

The new open modelling language connects IoT devices to the cloud, letting developers deploy at scale. Transformative business value will be driven too Customers can rapidly grow their networks while benefiting from lower costs, simplified deployment and built-in governance enabled through Azure Blockchain Service .

Money Tyson Foods expands recall of frozen chicken strips for metal contamination
Author: 0 Tyson Foods expands recall of frozen chicken strips for metal contamination

The new recall brings the number to 11.8 million pounds. In March, the frozen foods giant announced it was recalling almost 70,000 pounds of frozen chicken strips after two consumers reported finding metal inside the meat. This is an expansion of the March 21 recall. According to NBC , it is categorised as a Class I recall, the most urgent, which states that "there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death".

Author: 0 Sinclair to buy 21 regional sports networks from Disney

The company promised to divest 21 Century Fox's regional USA sports channels as a condition for regulatory approval of the deal. The have local broadcast rights to 42 professional teams, including Major League Baseball, National Basketball Association and National Hockey League squads.

Money Five Call of Duty franchises announced
Author: 0 Five Call of Duty franchises announced

The slots have been awarded to the ownership groups of corresponding Overwatch League teams. In yesterday's Activision earnings call, Activision executive Collister Johnson mentioned how the publisher was continuing to re-iterate in-game features and offerings, and testing "new ways for players to participate in in-game content", not only for Black Ops 4 , but for "future titles" as well.

Money Beyond Meat raises $328m as appetite for vegan food grows
Author: 0 Beyond Meat raises $328m as appetite for vegan food grows

The 163 percent surge for the maker of vegan beef and sausage products was the best debut session of any US listing since at least 2008 among IPOs that raised at least $200 million. The company has 383 employees with a research and development facility in El Segundo and a plant in Columbia, Mo., where it manufactures most of the food product.

Money Amazon Web Services Introduces Managed Blockchain to Everyone
Author: 0 Amazon Web Services Introduces Managed Blockchain to Everyone

In addition, Amazon Managed Blockchain is built to scale to support "thousands of applications and millions of transactions" using open source frameworks such as Hyperledger Fabric and Ethereum. As enterprises look to deploy the online distributed ledger technology, the industry's largest software and services providers have launched BaaS offerings as a way to allow customers to test the still-emerging technology without the capital costs or risk of deploying it in-house.

Money Warren Buffett will have plenty to talk about at annual gathering
Author: 0 Warren Buffett will have plenty to talk about at annual gathering

While this would seem to stray from the traditional Buffett investment target, and while previously Buffett said he missed the boat even back in 2017 (when shares were less than half the current price), Buffett made it clear that he was not the one who purchased the Amazon shares for Berkshire Hathaway .

Money Economy Surges in April, Adding 263,000 Jobs
Author: 0 Economy Surges in April, Adding 263,000 Jobs

Or might it achieve or even surpass the consensus estimate of 185,000 new jobs? The White House celebrated the latest economic numbers Friday, with 263,000 jobs added in April; unemployment at 3.6 percent, the lowest since 1969; and the lowest unemployment for African Americans, Hispanics, Asians and women in decades.

Money Chase tweets about budgeting, gets burned by Twitter
Author: 0 Chase tweets about budgeting, gets burned by Twitter

Customers continued to slam the company on Twitter after the response from Chase . A critic of big banks, Sen. The bank sent out a tweet on Monday with an imagined conversation between "you" and your "bank account". "It's a scam perpetrated by finance gurus like [ Suze] Orman and banks such as, well, JPMorgan Chase, obscuring that 'the real issue is the continuing hollowing out of the middle class, ' Olen writes".

Money Vodafone found security flaws in Huawei equipment in 2011, 2012
Author: 0 Vodafone found security flaws in Huawei equipment in 2011, 2012

Both Vodafone and Huawei denied that the telnet services could be used as a backdoor allowing spying on users. Vodafone discovered hidden security flaws in Huawei equipment a decade ago, it said on Tuesday, amid concerns over the Chinese company developing 5G networks in the UK.

Money Tesla plans to raise $2 billion from stock offerings
Author: 0 Tesla plans to raise $2 billion from stock offerings

Tesla is preparing to raise $2.3 billion as the Silicon Valley company struggles with the realization that its federal tax credit credits are running dry. Like the standard-range Model 3 in the US, Tesla is making ordering the 93-mile-range auto in Canada a bit of a chore, likely in hopes that it won't eat into sales of the Standard Range Plus vehicle, which sells for CA$53,700 before incentives.

Money Chase bank draws backlash with 'Monday Motivation' tweet
Author: 0 Chase bank draws backlash with 'Monday Motivation' tweet

Chase deleted the "Monday Motivation" tweet and pledged to be more sensitive on social media in the future. Some, like presidential candidate and U.S. Any any rate, by the early afternoon Monday, Chase had gotten the message: "Our #MondayMotivation is to get better at #MondayMotivation tweets".

Money Alphabet tumbles most since 2012 after sales growth disappoints
Author: 0 Alphabet tumbles most since 2012 after sales growth disappoints

Profit amounted to $11.90 per share, well above Wall Street estimates of $10.60. The business had revenue of $31.84 billion during the quarter, compared to the consensus estimate of $31.28 billion. At the same time, Google is spending heavily to moderate videos on YouTube and to build an enterprise sales team for its cloud business. Google's massive size, which still had revenue of $36.3 billion in the first quarter, means that growth must slow as global digital ad budgets and worldwide ...

Money Berkshire steps into fight for Anadarko on Occidental's side
Author: 0 Berkshire steps into fight for Anadarko on Occidental's side

But Chevron said on Tuesday it stood by its initial offer. The preferred stock will accrue dividends at 8% per year. Needless to say, it's a very attractive deal for Berkshire, as Buffett struggles to find takeover targets of his own and looks for other ways to put some of the company's $112 billion cash hoard to use.

Money Trump pressures Fed over interest rates as central bank meets
Author: 0 Trump pressures Fed over interest rates as central bank meets

There was no indication in the Fed's policy statement on Wednesday that either a rate cut or hike is in the offing anytime soon as policymakers weigh ongoing economic growth and low unemployment against the tepid rate of price increases. The chief concern flagged in the policy statement is the now "muted" level of inflation, which continues to fall short of the Fed's 2 percent target.

Money Oil prices rise on Venezuela turmoil, Saudi support for OPEC cuts
Author: 0 Oil prices rise on Venezuela turmoil, Saudi support for OPEC cuts

This could make India's oil purchases more expensive and push up domestic petrol and diesel prices. The combination of the above three factors earlier this month drove a spike in oil prices, with Brent topping US$75 a barrel after the USA announced it would not extend sanction waivers for Iran's biggest oil clients.

Money Venezuela crisis: Maduro claims VICTORY over coup plotters - ‘They MUST surrender'
Author: 0 Venezuela crisis: Maduro claims VICTORY over coup plotters - ‘They MUST surrender'

US Secretary of State Mike Pompeo told CNN that "as we understand it" Maduro had been ready to depart for socialist ally Cuba, but had been persuaded to stay by Russian Federation, which has also been a steadfast supporter. He said Maduro had been fraudulently re-elected previous year. Maduro's leftist Latin American allies Bolivia and Cuba also condemned Guaido. "Today, Maduro does not have the support of the army", he claimed during a two-minute video.

Money US to ensure adequate oil supplies in global market: Mike Pompeo
Author: 0 US to ensure adequate oil supplies in global market: Mike Pompeo

The latest figures are the highest projections this year as analysts raised oil forecasts for a second straight month. With global supply and demand pumping at about 100m barrels a day, a disruption in the world oil market could send gas prices across the USA skyrocketing.

Money Trump Threatens Cuba With Embargo Over Venezuela
Author: 0 Trump Threatens Cuba With Embargo Over Venezuela

Trump threatened "a full and complete embargo, together with highest-level sanctions" on Cuba for its support of Maduro. "I don't think anyone should be fooled that if the president makes the decision, if he chooses a military option, that the United States military has the capacity to execute that option", he said.

Money Chase Bank deletes #MondayMotivation tweet following backlash
Author: 0 Chase Bank deletes #MondayMotivation tweet following backlash

The start of the week is often a good time to get inspired and motivated, but Chase Bank's attempt at #MondayMotivation has many of their customers motivated to take their business elsewhere. But the company posted a tweet about an hour after their original post thanking "Twitter world" for the feedback. Presidential candidate Sen. Elizabeth Warren also chimed in, roasting the bank for receiving a $25 billion taxpayer bailout in 2007, and calling it out for being tone-deaf when it comes to ...

Money Jaguar Land Rover Drives IOTA Up
Author: 0 Jaguar Land Rover Drives IOTA Up

In an official blog post , an IOTA spokesperson said Jaguar Land Rover was actively trialing a new smart wallet initiative, which will use their distributed ledger. Holger Köther, director of partnerships, IOTA Foundation , said: "Our distributed ledger technology is perfectly suited to enable machine-to-machine payments for smart charging, parking and tolls, in addition to creating opportunities for drivers to earn their own digital currency".

Money Alphabet's stock sank after Q1 revenues missed Wall Street targets
Author: 0 Alphabet's stock sank after Q1 revenues missed Wall Street targets

Last month, the European Commission fined Google €1.5 billion for trying to squeeze out rivals in internet search advertising. Shares in Alphabet fell by almost 5%. The Other segment was driven by Google Cloud and Play but brought down slightly by hardware. Paid clicks on Google properties: +39%. This quarter may be more hard to assess immediately, since Alphabet has changed the way it accounts for some costs and gains.

Money Joe Biden visits Pittsburgh for first 2020 campaign rally
Author: 0 Joe Biden visits Pittsburgh for first 2020 campaign rally

Speaking before a welcoming crowd of union workers in Pittsburgh, Biden seemed at times to look past a Democratic nominating contest that promises to be arduous and toward a direct confrontation with Trump in the November 2020 general election.

Money Amazon to Slash Prime Delivery Time To A Single Day
Author: 0 Amazon to Slash Prime Delivery Time To A Single Day

The slowdown in ad revenue growth means that it is no longer the fastest-growing area of the business, despite it still being a relatively small part of Amazon's overall revenue. After fourteen years, two-day conveyances are now considerably more typical. There is also the risk that next-day shipping could woo fans of order pickup programs.

Money Thousands affected as Scandinavian Airlines strike continues
Author: 0 Thousands affected as Scandinavian Airlines strike continues

Today's Scandinavian Airlines (SAS) flights between Riga and Stockholm have been cancelled due to a strike by the airline's pilots. There are 667 flights canceled for Monday and 546 for Tuesday, says the statement of SAS. "SAS is prepared to continue to negotiate, but if the requirements were to be met, they would have very negative consequences for the company", Karin Nyman, director of communications at SAS, wrote in a press release.

Money Phone magic is here: Trump caused a sharp fall of oil price
Author: 0 Phone magic is here: Trump caused a sharp fall of oil price

Brent finished the week only slightly better, eking out a fifth weekly price gain, its longest winning streak in a year. Brent crude has shot up by 3.4 percent. Oxford Economics predicted that if prices hit the $100 per barrel mark, global GDP growth would slow to 2.6pc next year and inflation spike to 4pc.