Money

Money Jeff Bezos and MacKenzie
Author: 0 Jeff Bezos and MacKenzie

A King County, Wash., judge allegedly signed off on the order, according to Bloomberg . As a part of the agreement, MacKenzie Bezos will be getting approximately 19.7 million Amazon.com shares, that will give her a 4% stake in the company that is now valued at $38 billion (approximately Rs 2,62,163 crores).

Author: 0 Pet Supplies Plus recalls pig ear dog treats over possible salmonella contamination

Bulk pig ears were shipped to Pet Supplies Plus stores in Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Wisconsin.

Money ASEAN is serious about electric vehicles
Author: 0 ASEAN is serious about electric vehicles

Sitharaman said that already Rs 10,000 crore has been approved on April 1, 2019, to encourage faster adoption of EVs in the country under the FAME II scheme, which aims to encourage faster adoption of EVs by right incentives and charging infrastructure.

Money Tesla's Model 3 scores highest yet in NCAP testing
Author: 0 Tesla's Model 3 scores highest yet in NCAP testing

After disappointing results in the first quarter , Tesla announced that it had delivered 95,200 cars, which is above its own expectations of 90,700 vehicles set at the end of a year ago. The latter marked growth of 134% year over year, 51% sequentially from last quarter, and was well above Wall Street's average estimates for 91,000 deliveries.

Money CMA launches probe into Amazon deal with Deliveroo
Author: 0 CMA launches probe into Amazon deal with Deliveroo

The U.K. competition watchdog on Friday launched an investigation into Amazon's purchase of a large stake in food delivery service Deliveroo , a move that suggests authorities are taking a harder line on the expansion of Big Tech. In a separate statement, Deliveroo noted that it and Amazon were working "closely with regulators to obtain regulatory approvals". The CMA has the power to block any deal between Amazon and Deliveroo if officials deem it would create an unfair advantage ...

Money Trump pick for Fed says she does not want to harm investors
Author: 0 Trump pick for Fed says she does not want to harm investors

The strength of the Labor Department's jobs report issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Employers added 224,000 jobs, blowing past expectations. In late NY trading, the euro fell to 1.1221 dollars from 1.1285 dollars in the previous session, and the British pound fell to 1.2526 dollars from 1.2575 USA dollars in the previous session.

Money Canada economy sheds 2,200 jobs in June but wage growth jumps
Author: 0 Canada economy sheds 2,200 jobs in June but wage growth jumps

Thomas, Strathroy, and other surrounding communities, dripped slightly to 4.9 per cent last month, down from 5 per cent in May. Derek Holt, Scotiabank's vice president of capital markets economics, said the data were stronger than they looked and noted the healthy growth in wages.

Money Wall Street slips on cooling rate cut hopes
Author: 0 Wall Street slips on cooling rate cut hopes

The bank's model, based upon the spread between 10-year and three-month Treasury yields, has reliably predicted recessions once it has hit the 30% threshold, said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, in a recent note advising a cautious approach toward USA equities.

Money India proposes opening up to FDI
Author: 0 India proposes opening up to FDI

India's Finance Minister Nirmala Sitharaman arrives to present the 2019 budget in Parliament, New Delhi , India July 5, 2019. In volume terms, India imported 982 tonnes of the yellow metal in the previous financial year. Land and labour reforms are hard in a democracy like India and it seems unlikely Modi will risk drawing the ire of his Bharatiya Janata Party voters that re-elected him with a huge mandate.

Money Phone charger may be cause of plane fire
Author: 0 Phone charger may be cause of plane fire

The flight's 217 passengers were safely evacuated after the emergency landing, the Massachusetts State Police said. Passengers smelled smoke coming from the first class cabin "not even 30 minutes" after the plane departed John F. A police spokesman said: "Preliminary investigation suggests it is a battery pack consistent in appearance with an external phone charger". Our crew responded immediately and the plane has landed safely in Boston .

Money Ontario announces lottery for 50 more cannabis stores
Author: 0 Ontario announces lottery for 50 more cannabis stores

Independent from the lottery, eight recreational marijuana retail store permits will be available for First Nations reserves. For this lottery, the government says there will be new pre-qualification requirements that will streamline the licensing process with the AGCO and help ensure the readiness of applicants.

Money Wall Street set to open lower after June jobs data
Author: 0 Wall Street set to open lower after June jobs data

The professional and business services sector was the biggest contributor to employment in the USA last month. Including revisions for the months of April and May, the average pace of job growth has been a vigorous 192,000 jobs per month over the past year.

Money Full income tax package passes parliament
Author: 0 Full income tax package passes parliament

The government hopes that the cuts for more than 10 million of Australia's 25 million people will stimulate a slowing economy that risks dipping into recession for the first time in 28 years. "What we did this week was always support, as we did during the election campaign, stage one of the tax cuts". After Labor amendments were rejected, the party argued it would not oppose tax cuts for employees.

Money Oil prices fall on U.S
Author: 0 Oil prices fall on U.S

The contract gained $1.09 on Wednesday, recovering some ground after slumping the most since May 31 in the previous session. Prices increased 2.3% on Wednesday. That fact suggests oil demand in the USA, the world's biggest crude consumer, could be slowing amid signs of a weakening economy. Oil prices fell on Friday as weak US and German data stirred up global growth concerns and overshadowed recent optimism over OPEC output deal.

Money Microsoft and Partners Considering Moving Production Out of China
Author: 0 Microsoft and Partners Considering Moving Production Out of China

Up until now, the technology industry has largely remained unscathed, but the companies worry the tariffs could be extended to products such as laptops, smartphones and video games consoles . Representatives for Microsoft, Amazon, Sony , Nintendo weren't immediately available for comment. China now is the world's biggest producer of PCs as well as smartphones.

Money Don't Lick Ice Cream & Put It Back in the Stores Freezer!
Author: 0 Don't Lick Ice Cream & Put It Back in the Stores Freezer!

The video, which you can check out here, was uploaded to Twitter and went viral! "Based on security footage, the location and the examination of the container, we believe we may have recovered the half-gallon that was tampered with", Blue Bell stated, according to Fort Worth's KTXA-TV.

Money FDA Identifies 16 Dog Food Brands Linked to Canine Heart Disease
Author: 0 FDA Identifies 16 Dog Food Brands Linked to Canine Heart Disease

The agency did announce that pet food brands that were labeled "grain-free" and those with peas and other legume seeds had posed the most risk. There have been 14 cases in cats with 5 deaths. Several of the listed manufacturers have battled back in recent days, saying the FDA's warning is premature and that only a tiny fraction of the dogs that eat their foods ever acquire DCM.

Money U.S. lawmakers ask Facebook to stop development of Libra cryptocurrency
Author: 0 U.S. lawmakers ask Facebook to stop development of Libra cryptocurrency

In their letter to leaders of five congressional committees, organizations including the Service Employees International Union, the Consumer Federation of America and Public Citizen argued that regulators aren't prepared to address issues surrounding the Libra project and that the social-networking giant needs to present a fuller picture of its plans.

Money Technical Glitch on Cloudflare Sends Crypto Sites Offline
Author: 0 Technical Glitch on Cloudflare Sends Crypto Sites Offline

Europe and the East Coast of the United States were the most affected by the outage since it occurred during business hours in those regions. According to a blog post from Cloudflare , "for about 30 minutes today, visitors to Cloudflare sites received 502 errors caused by a massive spike in CPU utilization on our network".

Money Trump says US should start manipulating the dollar
Author: 0 Trump says US should start manipulating the dollar

In an interview that aired on Fox News on July 1 , host Tucker Carlson turned the conversation toward the "filth" that's plaguing the country's metropolises, namely New York, San Francisco, and Los Angeles. "We may intercede. We may do something to get that whole thing cleaned up. I don't know if they really believe that this should be taking place, but it's a bad thing that's taking place", he said.

Money Trump denies citizenship question will be cut from 2020 Census
Author: 0 Trump denies citizenship question will be cut from 2020 Census

Administration officials including Ross said on Tuesday that the census forms were being printed without the citizenship question . A letter from the U.S. Census Bureau, Dr. Steven Dillingham, will testify at a hearing on July 24, 2019, on the status of planning and preparations for the 2020 Census. The Census Bureau already has been in the process of signing office leases and hiring specialists as part of the census project.

Money Deutsche Bank to lay off as many as 20,000 people
Author: 0 Deutsche Bank to lay off as many as 20,000 people

By all accounts, Deutsche is now looking at cutting around half of them in the 12 months. DZ Bank reaffirmed a "neutral" rating on shares of Deutsche Bank in a report on Tuesday, March 19th. US lawmakers have also asked questions about the bank's relationship with Donald Trump , but Deutsche's response has been held up by a legal challenge by the USA president, in which he accused House leaders of harassment.

Money US stocks on track for third record high of the week
Author: 0 US stocks on track for third record high of the week

Investors "may find this optimism cooling", Jingyi Pan of IG said in a report. The S&P 500 index was little changed at 2,964. "The S&P 500 index SPX, +0.23% is on track for its best June return, with a gain of about 6.5%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.17% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000".

Money Tesla Model 3 deliveries zoom past expectations, United States News & Top Stories
Author: 0 Tesla Model 3 deliveries zoom past expectations, United States News & Top Stories

Tesla still faces multiple challenges, including starting production in China in the backdrop of U.S. "We believe we are well positioned to continue growing total production and deliveries in Q3", the company said in a statement. Some of those were deliveries still pending from the hangups the company cited in its first-quarter report. The electric-car maker handed over 95,200 vehicles to customers in the three months that ended in June, exceeding the previous best mark of 90,700 reported ...

Money CA gas tax rises 5.6 cents, but it's not raising prices yet
Author: 0 CA gas tax rises 5.6 cents, but it's not raising prices yet

A total of 13 states raised gas taxes Monday, at the start of their fiscal years. OH motorists will pay more for gas, but the new tax revenue will go directly to roads and bridges. "There are so many things that go into it, and gas prices had already been falling". President Donald Trump has suggested he might be able to support an increase in the federal gas tax to pay for infrastructure fix, but Congress has not yet moved to do so.

Money British service PMI drops slightly in June
Author: 0 British service PMI drops slightly in June

Output prices increased at a moderate pace. Similarly, the seasonally adjusted IHS Markit India Composite Purchasing Managers' Index (PMI) Output Index fell from 51.7 to 50.8 in June. "The June reading rounds off a second quarter for which the surveys point to a 0.1% contraction of GDP". But other analysts were more optiminist, as Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, told Sky News he did not believe the United Kingdom economy will fall into recession.

Money Australia's central bank cuts key interest rate 0.25% to 1%
Author: 0 Australia's central bank cuts key interest rate 0.25% to 1%

He also piled pressure on the newly re-elected Liberal National government to respond with fiscal stimulus of its own, something the central bank has been crying out for. In turn, AUD/USD remains at risk of giving back the rebound from the 2019-low (0.6745) as the wedge/triangle formation in both price and the Relative Strength Index (RSI) unravels.