Money

Money Frozen Berries Recalled Over Hepatitis A Virus Contamination: FDA
Author: 0 Frozen Berries Recalled Over Hepatitis A Virus Contamination: FDA

The berry medley products have a best by date of July 7 and June 19, 2020. This contamination was discovered by the FDA as a part of an ongoing frozen berry sampling assignment. However, Kroger's recall notice on the FDA website says all of the company's grocery chains received the recalled frozen berries. The items that were recalled include: the frozen triple berry medley (48oz), triple berry medley (16oz) and the frozen blackberries (16oz).

Money Where's the plant-based beef? Grocers uncertain about Beyond Meat placement
Author: 0 Where's the plant-based beef? Grocers uncertain about Beyond Meat placement

As of Friday morning, shares were trading at Dollars 128 per share, representing over a 400% increase since then, making Beyond Meat the best performing IPO this year so far. Losses could continue to be in the picture as Beyond Meat expands distribution, invests in infrastructure and creates new products. "Competition over placement is clearly heating up as everyone vies for a spot in the meat case", said Phil Lempert, an expert on retail food trends who advises companies on food ...

Money People are Freaking Out Over This Rooftop Infinity Pool
Author: 0 People are Freaking Out Over This Rooftop Infinity Pool

The glass-bottom pool is also created to allow visitors to the building to see swimmers above, while giving swimmers the illusion of being suspended in the sky. The pool, designed by Compass Pools , would grace the top of the skyscraper, 200 meters high in the sky - though where exactly the building will be is still to be decided.

Money Toyota and Subaru to develop joint electric vehicle platform
Author: 0 Toyota and Subaru to develop joint electric vehicle platform

It's hard to say when we will see Toyota/Subaru electric SUV, but we are eager to see one. It looks like Toyota and Subaru are back at it developing a new platform. After that, the platform will also be used for medium-small C-segment sedans and D-segment vehicles which means we will be seeing more EV models coming from both automakers.

Money Meet the hedge fund that’s buying Barnes & Noble’s 627 stores
Author: 0 Meet the hedge fund that’s buying Barnes & Noble’s 627 stores

The owner of United Kingdom bookseller Waterstones has agreed to buy Barnes & Noble for roughly $683 million, the companies said Friday. Once the towering Goliath of the bookselling world, these days Barnes & Noble is getting dwarfed by primarily online competitors - particularly Amazon , which reportedly sells almost 50 percent of all new books.

Money Solid US jobs report could allay fears of weakening economy
Author: 0 Solid US jobs report could allay fears of weakening economy

In the first five months of this year, hiring has averaged 164,000 a month, a solid pace that is enough to lower the unemployment rate over time. The Labor Department report, which sometimes can mention special factors that affected jobs or survey responses, didn't cite any such as weather for the latest month.

Money Uber will start offering $200 helicopter rides in NY next month
Author: 0 Uber will start offering $200 helicopter rides in NY next month

The rides can be booked on demand or up to five days ahead of time , said the person, who asked not to be identified. News has surfaced of Uber's newest venture courtesy of today's New York Times - Uber Copter. The flights, which take off from near the Staten Island Ferry and land at a helipad near Terminal 8, will run Monday through Friday during afternoon rush hour.

Money Banks must pass along full rate cut: Lowe
Author: 0 Banks must pass along full rate cut: Lowe

Commonwealth Bank and NAB have quickly announced they will pass on the Reserve Bank's cash rate cut in full to its customers, suggesting they had little choice following the reputational damage that followed a series of scandals. "This is deeply disappointing from the ANZ". "The royal commission highlighted how the culture within financial institutions needed to improve ... and how the conduct had fallen below public expectations", he told The Australian on Tuesday.

Money US Commerce Department offers solution for obtaining minerals critical to the military
Author: 0 US Commerce Department offers solution for obtaining minerals critical to the military

Rare earths - a group of 17 vital elements used in missile systems, electric-vehicle, computer screens and other tech devices - have been thrown into the limelight after China signaled it may restrict shipments to the U.S. In 2010, Beijing cut off exports of rare earths to Japan after a Chinese fishing boat collided with two Japan Coast Guard ships in the East China Sea.

Money Facebook's GlobalCoin to go live as early as in June
Author: 0 Facebook's GlobalCoin to go live as early as in June

The news on the company's new plan arose after rumors have been circulating that Facebook has made an initiative to speak with payment firms. As reported in April, Facebook may be seeking Dollars 1 billion in external funding for its forthcoming cryptocurrency, which reportedly is a stablecoin .

Money Europe close: Stocks end on a mixed note despite 'dovish' European Central Bank
Author: 0 Europe close: Stocks end on a mixed note despite 'dovish' European Central Bank

India's central bank on Thursday lowered its benchmark interest rate for the third time this year, coming just after Prime Minister Narendra Modi's election victory and amid growing speculation that the European Central Bank (ECB) and U.S. Rising external risks have caused the Governing Council to clearly signal its dovish bias. However, he explained that the ECB's top body did not asses the contingency measures that may be needed to mitigate the consequences of further rate cuts or new ...

Money Mexico, US agreed on border policies months before Trump tariff threat
Author: 0 Mexico, US agreed on border policies months before Trump tariff threat

Details of this agreement will be released shortly by the State Department. Schumer (D-NY) predicted that Trump would cave and find a reason to revoke his tariff threat towards Mexico. "The governments of the U.S. and Mexico will work together to immediately implement a durable solution", it said. Trump concluded by revealing that Mexico had also agreed to ease the burden felt by American farmers, noting in all caps, "MEXICO HAS AGREED TO IMMEDIATELY BEGIN BUYING LARGE QUANTITIES OF ...

Money Ford confirms closure of United Kingdom engine factory as part of restructuring
Author: 0 Ford confirms closure of United Kingdom engine factory as part of restructuring

Unions pledged to resist the closure "with all their might". Japan entered a free-trade agreement with the European Union earlier this year, meaning vehicles produced in Honda's home market can be exported to Europe tariff-free. The news was being confirmed today at a meeting between company officials and union leaders. Councillor Huw David, Leader of Bridgend County Borough Council, said the town was devastated by the decision.

Money Mega Millions Jackpot Surpasses Half A Billion Dollars For Friday Drawing
Author: 0 Mega Millions Jackpot Surpasses Half A Billion Dollars For Friday Drawing

This is the seventh largest jackpot in Mega Millions history, and the game's largest since October when a ticket sold in SC won a record-setting $1.537 billion. That means the jackpot on Tuesday, June 11 will be worth $40 million with a cash option of $26 million. In New Jersey, three $10,000 third-prize tickets were sold.

Money Oil Prices Down Amid U.S. Inventories Surge, Trade Tension
Author: 0 Oil Prices Down Amid U.S. Inventories Surge, Trade Tension

Oil prices have fallen sharply on fears about slowing global demand, but won a respite on Tuesday after a global stock market rally on hopes of a cut in USA interest rates. Meanwhile, weekly US oil production ticked up to an all-time high 12.4 million bpd, according to a preliminary reading from EIA. Demand is still seen at 100 million barrels per day on an average this year, according to reports from the U.S.

Money Huawei obtains 46 commercial 5G contracts in 30 countries
Author: 0 Huawei obtains 46 commercial 5G contracts in 30 countries

China Mobile , the largest Chinese telecom operator, said it planned to offer 5G services in more than 40 Chinese cities before the end of September. India, however, is yet to take a call on whether it intends to place curbs on Huawei or allow the Chinese telecom equipment maker to participate in the upcoming 5G trials, that are scheduled to commence in 100 days.

Money Trump may delay Mexico tariffs, aide says as trade talks resume
Author: 0 Trump may delay Mexico tariffs, aide says as trade talks resume

President Trump is returning from a trip to Europe and will be briefed on the talks when he returns, according to White House officials. "As an ally of this administration and an obvious supporter of border security, I think I come to this with a lot of credibility, but in this case I have a disagreement and would encourage them to focus on the real solution", Barr said.

Money Decision on $300 billion China tariffs after G20 meeting, says Donald Trump
Author: 0 Decision on $300 billion China tariffs after G20 meeting, says Donald Trump

Trump before boarding Air Force One at the Irish airport of Shannon on his way to France for D-Day commemorations. China this month hit $60 billion worth of USA goods with new punitive tariffs ranging from 5 to 25 per cent, in retaliation for Washington raising duties on $200 billion in Chinese goods to 25 per cent.

Money National Doughnut Day: Where To Find The Best Deals
Author: 0 National Doughnut Day: Where To Find The Best Deals

You can slide into any Tampa Bay Krispy Kreme for a doughnut on the house. He then climbed down from the counter, danced his way to the doughnut rack and grabbed a pastry - recording himself taking a huge bite - while an employee watched in disbelief.

Author: 0 US Services Sector Spike Gives Temporary Boost To Slowing Economy

A recent string of weak reports on retail sales, factory orders and home purchases indicate growth is slowing as the trade war weighs on businesses. Goods-producing industries slumped, highlighted by a 36,000 decline in jobs in construction - the biggest drop since 2010 - along with losses in manufacturing and in natural resources and mining, according to the report.

Money Fiat Chrysler Withdraws Merger Proposal With Renault
Author: 0 Fiat Chrysler Withdraws Merger Proposal With Renault

A French government official was more direct, saying that Fiat Chrysler was at fault for the merger collapse, placing "massive pressure", to quickly take the offer or leave it. According to AN, the French Government and Renault pushed Nissan to sponsor the merger during the meeting and even went as far as stopping negotiations three times to consult privately.

Money Google to buy Looker for US$2.6B to expand cloud offerings
Author: 0 Google to buy Looker for US$2.6B to expand cloud offerings

Kurian said the acquisition will extend Google Cloud's business analytics by allowing it to define business metrics in a consistent way across various data sources and provide users with an analytics platform for business intelligence, sales analytics and embedded analytics.

Money White paper on China-US trade
Author: 0 White paper on China-US trade

The first time was when the United States government announced an additional tariff of 25% on $50 billion of Chinese exports, despite the negotiators having reached preliminary consensus on expanding China's imports of agricultural and energy products from the US.

Money Will RBI's repo rate cuts help with India's economic slowdown?
Author: 0 Will RBI's repo rate cuts help with India's economic slowdown?

The reverse repo rate , too, was lowered to 5.50% from 5.75%. When the cost of borrowing goes down for banks, they are able to lower their respective marginal cost of funds based lending rate (MCLR), which directly impacts your loans. The RBI also revised the growth projections for 2019-20 downwards to 7 per cent from 7.2 per cent projected in the April monetary policy statement.

Money Asia markets climb as Fed signals possible rate cut
Author: 0 Asia markets climb as Fed signals possible rate cut

The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. US stock index futures pointed to further gains on Wednesday, after the indexes racked up their biggest one-day gains in five months in the prior session, fueled by rising hopes the Federal Reserve would cut rates to counter any hit from spiraling trade tensions between the United States and its partners.

Money Mexico To Continue Trade, Immigration Talks Thursday
Author: 0 Mexico To Continue Trade, Immigration Talks Thursday

Ebrard told reporters that the conversation during Wednesday's meeting focused on immigration , while tariffs were not discussed, CNBC reported. We've told Mexico the tariffs go on. US Vice President Mike Pence hosted the meeting in his office with Secretary of State Mike Pompeo, acting Secretary of the US Department of Homeland Security Kevin McAleenan, Mexican Foreign Minister Marcelo Ebrard and other senior US and Mexican officials.

Money Kent council prevented from withdrawing equity fund investment
Author: 0 Kent council prevented from withdrawing equity fund investment

However, it was widely reported that the move was prompted by a request from Kent County Council to withdraw its funds. Among the fund's biggest positions in unlisted companies are BenevolentAI and Oxford Nanopore, although it also has large stakes in smaller, listed companies which trade much less frequently than larger peers and so take longer to sell.

Author: 0 Fiat Chrysler says it has withdrawn offer to merge with France's Renault

In its own statement, Fiat Chrysler took direct aim at the French government, owner of a 15% stake in the French carmaker, for scuppering a deal. Furthermore, it's believed that the French government's 15 percent ownership of Renault complicated matters even more, as it was exclusively focused on Renault's valuation, shareholders, and labor relations rather than the alliance's as a whole.

Money United Kingdom manufacturing sags as Brexit stockpile frenzy evaporates: PMI
Author: 0 United Kingdom manufacturing sags as Brexit stockpile frenzy evaporates: PMI

At 48.6 in May, down from 50.5 in April , the headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered below the 50.0 no-change mark for the third time in the past four months. The government needs the extra revenue to pay for rising welfare costs, but some politicians worry that the tax hike will cause a big decline in consumer spending and slow the economy.