Money

Money Bombardier should maintain Thunder Bay plant amid Metrolinx talks: Fedeli
Author: 0 Bombardier should maintain Thunder Bay plant amid Metrolinx talks: Fedeli

The layoffs will take effect on November 4 as the company's contracts to build streetcars for the Toronto Transit Commission and another contract with Metrolinx to build passenger rail cars are slated to end within weeks of each other. The threshold for local content requirements on public transportation projects in the USA now sits at 65 per cent, and will climb to 70 per cent this fall.

Money Trump hits out at China over slowing agricultural purchases
Author: 0 Trump hits out at China over slowing agricultural purchases

If Friday's trade data are in line with the downbeat forecasts or worse, it could spark concerns about a sharper-than-expected slowdown in China and the risk of a global recession. It gave no details or a date for more contacts. "Our base case remains that trade talks will break down again before long", said Julian Evans-Pritchard of Capital Economics in a report.

Money 32 mln Dollars of cryptocurrency stolen from BITPoint Japan
Author: 0 32 mln Dollars of cryptocurrency stolen from BITPoint Japan

Remixpoint said the lost money was in what is called the "hot wallet". Following the outbreak, the exchange owner Remixpoint Inc. shut down all its services and took a nineteen percent (19%) on its shares. On July 12, crypto exchange Bitpoint announced that it had lost 3.5 billion yen. Further investigation of the hack led Bitpoint to the revelation that Ripple wasn't the only cryptocurrency being targeted.

Money Ford, Volkswagen to broaden global alliance
Author: 0 Ford, Volkswagen to broaden global alliance

The company also invested $500 million in EV pickup startup company Rivian in April, which Hackett says is created to accelerate the automaker's knowledge base on EVs and should be seen separately from product development. (Ford will still complete its billion-dollar investment in Argo AI ). By potentially licensing its electric-vehicle platform to Ford, VW could guarantee some profit from electric vehicles next year and gain "an unassailable scale advantage in the market", said Angus ...

Money AOC disavows her earlier suggestion Pelosi is racist
Author: 0 AOC disavows her earlier suggestion Pelosi is racist

Calling the self-described democratic-socialist "one of the intellectual leaders" of the House Democratic caucus, Cheney said Ocasio-Cortez's calls to abolish the Department of Homeland Security are absurd, dangerous, and "highly irresponsible".

Money Powell on stepping down if Trump asked: 'My answer would be no'
Author: 0 Powell on stepping down if Trump asked: 'My answer would be no'

Some surveys have suggested the manufacturing sector is creaking under stress from the trade war with China, with USA firms contending not only with the cost of President Trump's import tariffs but also a deterioration of the global economy that is threatening domestic and worldwide demand.

Money Policymakers Felt Need To Be Ready To Ease Policy Further — ECB Minutes
Author: 0 Policymakers Felt Need To Be Ready To Ease Policy Further — ECB Minutes

It also benefited from fiscal policy measures, which boosted household disposable income in several member states. These have continued to weigh on confidence in the manufacturing sector, which is the most exposed to global trade, and are projected to weaken the growth outlook for the remainder of the year.

Money Why Donald Trump bullying the Fed could influence Australian mortgage rates - PM
Author: 0 Why Donald Trump bullying the Fed could influence Australian mortgage rates - PM

Some businesses, particularly in manufacturing, have pulled back on spending and hiring because of greater uncertainty about US trade disputes, Fed officials said, according to minutes of the June 18-19 meeting released Wednesday. Reducing rates at this point would be similar to the Fed's efforts in the mid-1990s to nurse along a lengthy recovery rather than respond to a looming downturn, and "there's no immediate need to move", Philadelphia Fed President Patrick Harker said on Tuesday.

Money Amazon India to offer Prime membership at half price to these users
Author: 0 Amazon India to offer Prime membership at half price to these users

Amazon Prime membership comes with a host of benefits, not least of which is exclusive access to the best Amazon Prime Day deals in the two-day sale next week. Prime memberships also offer unlimited ad-free music on Amazon Prime Music along with Prime Video and Prime Reading. It's turned into a mid-summer event for deal-hunting shoppers, and it's drawn hot competition from other retailers.

Money Powell on unemployment and inflation
Author: 0 Powell on unemployment and inflation

The core US consumer price index excluding food and energy components rose 0.3% in June, the largest increase since January 2018, data on Thursday showed. But Powell's cautious stance helped fuel bets on heftier easing at its next policy meeting on July 30-31. Following the hearing on Wednesday, the Fed is to release the minutes from its last policy meeting, which should show the extent to which the thinking at the central bank shifted in the days following Trump's Mexico tariff threat, and ...

Money Dozens hurt as turbulence forces Air Canada flight to divert to Hawaii
Author: 0 Dozens hurt as turbulence forces Air Canada flight to divert to Hawaii

A spokeswoman for the Honolulu emergency services department was not able to immediately provide details about the passengers' injuries. "We hit turbulence and we all hit the roof and everything fell down, and stuff... "A couple of the air hostesses were bringing food out at the time, and they hit the roof as well". The turbulence happened at about 10,970 metres 966 kilometres southwest of Honolulu, said U.S.

Money Trump Administration Launches Kidney Health Initiative
Author: 0 Trump Administration Launches Kidney Health Initiative

President Trump's executive order aims to reform the nation's organ transplant and kidney dialysis systems and includes proposals to improve the performance of organ procurement organizations, incentivize living kidney and liver donation, ensure patients with kidney disease receive the best dialysis care available at an affordable cost, and increase the number of available organs for transplantation.

Money Ford re-recalls Focus to prevent fuel tank damage
Author: 0 Ford re-recalls Focus to prevent fuel tank damage

Affected vehicles include previously recalled 2012 through 2017 Focus cars equipped with the 2.0-litre GDI engine; and 2013 and 2014 Focus ST trims with the 2.0-litre GTDI. Technicians have been instructed to inspect each vehicle and reprogram the powertrain control module with the appropriate software calibration and replace the canister purge valve, if required.

Money AT&T to offer automatic robocall blocking feature at no extra charge
Author: 0 AT&T to offer automatic robocall blocking feature at no extra charge

AT&T customers could soon be free of having to deal with annoying spam calls - or at least that's AT&T's plan. More than 4.3 billion robocalls , both legal and illegal, were placed last month, according to industry data . In a statement , Joan Marsh, AT&T's executive vice president of regulatory & state external affairs said the FCC has been a "tremendous partner in the war on robocalls".

Money Celebrate 7/11 Day with a FREE Slurpee from 7-Eleven today
Author: 0 Celebrate 7/11 Day with a FREE Slurpee from 7-Eleven today

Warning: Popular flavors may run out as the day goes on, so head in early if you've got specific cravings. Those looking for the 7-Eleven closest to them can find it here. Business Insider details how 7-Eleven will even roll out some other deals for the special day such as Cherry Slurpee cookies, $1 hot dogs, slices of pizza and Nashville Hot Chicken Tenders.

Money Bentley EXP 100 GT Concept Previews Electric Future for the Brand
Author: 0 Bentley EXP 100 GT Concept Previews Electric Future for the Brand

It boasts artificial intelligence in the form of the Bentley Personal Assistant. Bentley added cool themes to the change up the interior's atmosphere. The round lights overlap the extremely ornate and prominent grille - which, like the "Flying B" bonnet motif, lights up when the driver approaches - are said to be a nod to the famous "Blower" Bentley of the 1920s.

Money Information Commissioner's Office plans £99m Marriott fine
Author: 0 Information Commissioner's Office plans £99m Marriott fine

The ICO says Marriott's security practices and procedures failed to protect personal information. The regulator added that organizations have a "legal duty" to ensure the security of customers' personal data. Starwood hotels group's online systems were first compromised in 2014, two years before Marriott acquired it. Guests who made a reservation with any Starwood hotels on or before September 10, 2018, could be affected.

Money ROK raps Japan's export curb at WTO
Author: 0 ROK raps Japan's export curb at WTO

Japanese companies exporting those goods need government approval to move them. Seoul has raised the issue of Japan removing South Korea from the list of countries that receive preferential treatment in importing fluorine polyimide, resist and etching gas.

Money Last Volkswagen Beetle drives into the sunset
Author: 0 Last Volkswagen Beetle drives into the sunset

After its multi-generational run as a brand mainstay and global automotive phenomenon, the Volkswagen Beetle is ending production. The auto was very popular in the United States and has an iconic design that is among the most recognizable products of any sort in the entire world.

Money UK economy recovers in May, easing immediate recession fears
Author: 0 UK economy recovers in May, easing immediate recession fears

Allaying fears of a recession, the Office for National Statistics said UK GDP rose by 0.3% in May from a month earlier, when stoppages at auto plants across the country dragged the economy into contraction . Rob Kent-Smith of the ONS pointed to the "partial recovery in vehicle production", which surged by 24%, as something that precipitated the return to growth in May.

Money Guy tweets video of plane engine failure just before emergency landing
Author: 0 Guy tweets video of plane engine failure just before emergency landing

The incident happened on board a McDonnell Douglas MD-88 aircraft , a 32-year-old, medium-sized plane with 149 passenger seats. "It started slowing down a little bit and it was getting hot", passenger Avery Porch told WMAR-TV. "Everyone seemed confused. No one knew what was going on", the passenger said. "Flight attendants were going around telling us how to prepare for landing".

Money Asia shares count on Powell to stay accommodative
Author: 0 Asia shares count on Powell to stay accommodative

The MSCI Asia Pacific Index climbed 0.3%. The Dow Jones Industrial Average joined the S&P 500 at an all-time high after the Fed chairman said in prepared remarks that downside risks to the economy remain, even after Friday's strong jobs report forced investors to recalibrate rate-cut expectations.

Money US Fed calls for Facebook to halt Libra project until concerns addressed
Author: 0 US Fed calls for Facebook to halt Libra project until concerns addressed

United States equity markets got off to a bullish start to the day as the S&P 500 Index moved to make an all-time high after hitting the 3,000 mark - a remarkable level that traders have been optimistically eyeing over the past months. Policymakers also appear to be far more anxious about a lack of confidence that is seeping into troubling spending and pricing decisions. Mr Powell's semi-annual congressional testimony occurred against the backdrop of US President Donald Trump's frequent ...

Money CAD Drops as Bank of Canada Flags Concerns Over Trade Wars
Author: 0 CAD Drops as Bank of Canada Flags Concerns Over Trade Wars

The net effect is that growth for all of 2019 will remain sluggish at 1.3 per cent - little changed from the 1.2 per cent expected in April when the Bank of Canada last released economic forecasts. and worldwide businesses. The Bank of Canada "retained the neutral bias but (was) incrementally more dovish in terms of the whole package ... it didn't go as high on its Q2 GDP growth (forecast) as it might have at 2.3%".

Money Hot Dog Buns Sold at Walmart Recalled in 18 States, Including Texas
Author: 0 Hot Dog Buns Sold at Walmart Recalled in 18 States, Including Texas

Recognizable products from Flowers Food are brands such as Great Value, Piggly Wiggly, Publix, Sunbeam, Wonder, and Nature's Own. It has not received any reports of injury or illness due to the recall . If you purchased the product, throw it away or return it for a full refund. Consumers with questions about the recall can call Flowers Foods' Consumer Relations Center at 1-866-245-8921, Monday through Friday from 8 a.m.to 5 p.m.

Money London's Gatwick airport suspends flights due to air traffic control problem
Author: 0 London's Gatwick airport suspends flights due to air traffic control problem

A 7 p.m. update from the airport stated that flights had resumed, but suggested that residual delays were expected as the airport worked to bring operations back to normal. Flights to and from the major airport have been postponed after an issue with its control tower was announced this evening (July 10). Gatwick is the UK's second-busiest airport, and the eighth busiest in Europe.

Money IndiGo share prices drop as promoters' battle comes to fore
Author: 0 IndiGo share prices drop as promoters' battle comes to fore

Gangwal has sought regulatory intervention from market regulator Sebi to resolve the issues. A day after InterGlobe Aviation co-founder Rakesh Gangwal flagged concerns over governance matters, Rahul Bhatia's group Wednesday said that all related party transactions with the company have been executed at arms length basis in ordinary course of business.

Money Supply draw, Gulf of Mexico storm push oil prices upward
Author: 0 Supply draw, Gulf of Mexico storm push oil prices upward

Oil fell on Tuesday amid worries over the outlook for demand after the most recent indicators that worldwide commerce disputes have been dragging on the worldwide economic system, though the potential for conflicts within the Center East supplied assist to costs.