Money

Money Uber is expected to set its share price at $45
Author: 0 Uber is expected to set its share price at $45

But it was tough going. The IPO also comes as investors shy away from riskier assets given U.S. Khosrowshahi pitched the company during its IPO roadshow as the Amazon of transportation. The CEO of Uber has two simple, straightforward tips for all Uber passengers: Be respectful, and don't slam the door. The self-inflicted wounds included complaints about rampant internal sexual harassment, accusations that it stole self-driving auto technology, and a cover-up of a computer break-in that ...

Money Etihad eyes minority stake in troubled Jet Airways
Author: 0 Etihad eyes minority stake in troubled Jet Airways

Moments before the window for submitting binding bids closed, Abu Dhabi-based Etihad Airways gave its "conditional" bid for the grounded Jet Airways emphasising that it can not be the sole investor. In March, according to DGCA data, Air India was able to sell only 80.8% seats across its flights, while SpiceJet was able to sell 93% seats, Go Air 91.4%, Air Asia 87.5%, Vistara 86.8%, Jet Airways 86.7% and IndiGo 86%.

Money Trump defends tariffs after advisor says 'both sides' suffer
Author: 0 Trump defends tariffs after advisor says 'both sides' suffer

Wallace then confronted the economic official with Trump's own words, as the president has specifically said China is paying the tariffs. Kudlow added, "Both sides will pay", but he stipulated that China "will suffer (economic) losses" from reduced exports to the US, not from paying the tariffs.

Money China ramps up crude oil imports despite Washington’s clampdown on Iran
Author: 0 China ramps up crude oil imports despite Washington’s clampdown on Iran

US crude is heading for a weekly loss of 0.3%, its third week of consecutive declines. U.S. West Texas Intermediate ( WTI ) crude futures settled down 42 cents at $61.70 per barrel. Nigeria boosted its April production to a 14-month high of 1.95mbd despite delays to loadings of key export grade, Qua Iboe, according to traders, and disruptions to a major Bonny Light pipeline, the survey found.

Money April 2019 unemployment numbers released
Author: 0 April 2019 unemployment numbers released

One year ago in April, Medicine Hat's unemployment rate was 6.7 per cent. Canada's economy posted record job gains in April, along with a pick-up in wages, in the strongest sign yet the nation's economy has emerged from a soft patch. Overall, compared with March, employment in April was up 0.6 per cent, which was the highest proportional monthly expansion since 1994 when it reached 0.7 per cent.

Money Dyson patents hint at design of its electric crossover
Author: 0 Dyson patents hint at design of its electric crossover

According to the patent application, which was filed 18 months ago and published today, the Dyson crossover will be around five metres in length, and ride on a 3.3 metre wheelbase. The vehicle would contain "fundamentally new technologies and make some inventive leaps" Sir James told staff, meaning it was vital that they "protect it with patents".

Money Can the Volkswagen ID.3 reach Beetle and Golf status?
Author: 0 Can the Volkswagen ID.3 reach Beetle and Golf status?

A series of ID concept models, which are all based on the MEB EV platform, have debuted since the original prototype was revealed at the Paris Motor Show in 2016. Volkswagen has been promising us that it would be launching a whole slew of electric models for many years. Let's not get ahead of ourselves, though-the ID.3 will start shipping to customers in mid-2020, when 30,000 customers will take ownership of their special-edition ID.3 1st cars .

Money Deleting Alexa recordings doesn't wipe the transcripts
Author: 0 Deleting Alexa recordings doesn't wipe the transcripts

Amazon never mentions this when you review and delete your voice history from the Alexa privacy page , and there's no way to delete the transcripts yourself. When we did the same experiment with a regular Echo Dot and standard menus in the Alexa app, we were able to delete the information. These include providing notice to parents about which data on their children will be collected and how it will be used; obtaining parental consent before children use a device that collects their ...

Money Uber prices blockbuster IPO conservatively to raise $8.1 billion
Author: 0 Uber prices blockbuster IPO conservatively to raise $8.1 billion

Its shares closed at $41.57. While the company claimed in a May 9 SEC filing that it believes "drivers are independent contractors", Uber clearly doesn't believe that too hard, because the filing goes on to reveal that Uber has $132 million squirreled away to pay to 60,000 drivers who are suing to be considered employees.

Money Why banks won't pass on the next rate cut
Author: 0 Why banks won't pass on the next rate cut

It had been a tough start to the week for the Aussie following a breakdown in trade talks between the USA and China. Further details of the decision will be made known when the Minutes for the meeting are released in two weeks and markets should get a firmer feel for the direction of travel of Australian interest rate policy.

Money It's time to break up the Facebook says co-founder
Author: 0 It's time to break up the Facebook says co-founder

Facebook has blown past earnings estimates in the past two quarters and its stock price barely budged in response to Hughes' opinion piece . Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington.

Money GM Invests $170 Million to Save 300 Jobs in Oshawa
Author: 0 GM Invests $170 Million to Save 300 Jobs in Oshawa

Unifor national president Jerry Dias said one of the key aspects of the announcement is "the first ever" aftermarket facility for GM. Dias said the agreement will help keep the company in Oshawa over the next decade. Ontario's Minister of Economic Development, Job Creation and Trade Todd Smith issued a statement on behalf of the Ford government soon after Wednesday's announcement.

Money U.S. tariff increase on $200B of Chinese imports takes effect
Author: 0 U.S. tariff increase on $200B of Chinese imports takes effect

Trump (@realDonaldTrump) May 5, 2019 ....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. Consumer products, including cell phones, computers, clothing and toys, would be especially hard hit. Liu said on his arrival in Washington that the prospects for the talks were "promising", but warned that raising tariffs would be "harmful to both sides", and called instead for cooperation.

Money Amazon.com shares boosted by the comments of Warren Buffett
Author: 0 Amazon.com shares boosted by the comments of Warren Buffett

On the sidelines of the annual shareholders meeting of his Berkshire Hathaway empire in Omaha , Buffett made a surprise appearance at a gathering called Variant Perspectives, organized by a group of women financial professionals aiming to end the imbalance.

Money More on Workhorse, the company interested in GM Lordstown
Author: 0 More on Workhorse, the company interested in GM Lordstown

DeWine said he was "trying to be realistic" about what might happen. Should this sale finalize, the fate of the plant - widely thought to be in the hands of negotiators with the UAW and GM when they sit down later this year to hash out a new collective bargaining agreement - already will have been sealed and GM won't be part of its future.

Money Warren Buffett and Apple Team-up For New Game
Author: 0 Warren Buffett and Apple Team-up For New Game

However, I look to see what modifications they made."Again in 2017, Weschler and Combs informed Yahoo Finance's Serwer that they spend most of their days studying, which is crucial for professionals within the enterprise of shopping for firms".

Money Binance hacked for over $40M worth of Bitcoin
Author: 0 Binance hacked for over $40M worth of Bitcoin

Cryptocurrency trading hub Binance , one of the world's largest, has confirmed it lost about 7,000 Bitcoins (around $57) million) to hackers after its so-called "hot wallet", i.e. The official announcement estimates that this will require around one week before the exchange is fully operational again . Suspending withdrawals will permit staff to investigate the issue more thoroughly, but also added "we believe with withdrawals disabled, there isn't much incentive for hackers to influence ...

Money Chinese government-friendly PUBG Mobile update replaces kills with a friendlier alternative
Author: 0 Chinese government-friendly PUBG Mobile update replaces kills with a friendlier alternative

South Korean-made PUBG was named by global game distributor Steam as one of its highest-grossing titles of 2018, and industry insiders estimated Tencent could rake in revenue of $1 billion (roughly Rs. Tencent says Game for Peace "pays tribute to the blue sky warriors that guard our country's airspace" and has a counter-terrorism theme. Changes include the absence of gore and blood in Game for Peace , and characters sit up and wave goodbye when they're killed.

Money As Uber cruises towards $90bn float, the backlash from drivers intensifies
Author: 0 As Uber cruises towards $90bn float, the backlash from drivers intensifies

The report comes just days before the hotly anticipated IPO of Lyft's much larger rival, Uber , which plans to begin trading on the New York Stock Exchange on Friday. A driver in New Delhi showed his Uber app that said he had received an $84 (roughly Rs. 5,800) reward, while another in the city, Arvind Kumar, received $165 (roughly Rs.

Money Officials warn consumers: Don’t call back ‘One ring’ robocalls
Author: 0 Officials warn consumers: Don’t call back ‘One ring’ robocalls

Residents in NY and Arizona have been targeted of late, the FCC said, with the latest fake calls using the 222 area code for West African nation Mauritania. Baton Rouge, Louisiana; Worcester, Massachusetts; Roanoke, Virginia; and Dallas, Texas, have also seen high numbers of spam calls, according to Hiya.

Money What to expect from Google I/O 2019
Author: 0 What to expect from Google I/O 2019

Additionally, the smartphone will be accompanied by Google's Active Edge feature , which enables Google Assistant by squeezing the bottom edges of the smartphone, along with a rear-mounted fingerprint scanner. No leaks about the features coming to Assistant have surfaced online, but we can expect Google to just further its focus on contextual responses and feedback in response to the user.

Money Risks rise as USA warns Iran with aircraft carrier
Author: 0 Risks rise as USA warns Iran with aircraft carrier

Tehran has "mobilised" all its resources to sell oil in a "grey market" bypassing USA sanctions, state media quotes Deputy Oil Minister Amir Hossein Zamaninia as saying. Following its 2018 withdrawal from the 2015 Joint Cooperative Plan of Action ( JCPOA ) Iran nuclear deal with other global powers, the administration of US President Donald Trump has told oil buyers around the world to cease doing business with Tehran by May 1 or face sanctions of their own.

Money Global stocks drop after Trump risks ‘full-on’ trade war with China
Author: 0 Global stocks drop after Trump risks ‘full-on’ trade war with China

Asked whether the top Chinese envoy, Vice Premier Liu He, would visit Washington as planned, Geng said, "a Chinese team is preparing to travel to the United States for trade talks". Mr Trump's latest move will raise duties on more than 5,000 products made by Chinese producers, ranging from chemicals to textiles and consumer goods.

Author: 0 China considering cancelling trade talks with US

One source told CNBC the threat to lift tariff rates is a message to Chinese Vice Premier Liu He to not come to the USA with more "empty offers". Domestic companies typically deal with the extra tax though some combination of cost-cutting, eating the loss through lower profits, passing the cost on to consumers, asking the Chinese exporter to share the financial burden, or finding tariff-free countries to import from.

Money April Jobs Report: Another Boost For Donald Trump's Economy
Author: 0 April Jobs Report: Another Boost For Donald Trump's Economy

USA job growth surged in April and the unemployment rate dropped to the lowest in almost half a century, pointing to sustained strength in economic activity even as last year's massive stimulus from Republican tax cuts and spending increases fades.

Money Markets could handle one rate rise a year, hints Carney’s deputy
Author: 0 Markets could handle one rate rise a year, hints Carney’s deputy

BoE Governor Mark Carney later told a news conference that rates would have to increase more quickly than markets now anticipate - if the predictions proved correct. "If a Brexit resolution is some form of arrangement with some smooth resolution to it, it will require rate increases, and more frequent rate increases than the market now expects", he added.

Money Buffett partner says 'ashamed' for missing Google boat
Author: 0 Buffett partner says 'ashamed' for missing Google boat

Neither has any plans to retire. The investment is another sign of the "changing of the guard" at Berkshire, which holds its annual shareholder meeting Saturday. Abel, who runs all of Berkshire's non-insurance operations, is seen as the more likely CEO successor because of his younger age and broader remit. Munger also acknowledged that he and Buffett felt "ashamed" for missing the boat on Google .