Money

Money Brexit could spell end of Ellesmere Port plant, says Vauxhall owner
Author: 0 Brexit could spell end of Ellesmere Port plant, says Vauxhall owner

Vauxhall's parent company has warned that the vehicle maker's Ellesmere Port plant could be shut down if Brexit leaves it unprofitable. The manufacturer's parent company has warned that the Ellesmere Port plant could be shut down. 80 per cent of cars built at Ellesmere Port are exported to Europe. A no-deal Brexit is increasingly seen as the default option despite countless warnings it could be catastrophic for the United Kingdom, as Johnson and European Union figures show few signs ...

Money Wall Street dips on U.S.-China trade tensions, Fed meeting eyed
Author: 0 Wall Street dips on U.S.-China trade tensions, Fed meeting eyed

A quarter point cut to bolster the amount of capital coursing through financial markets and support borrowing by ordinary Americans is fully priced in for Wednesday and it will be policymakers' comments on what next that should define whether a rally since May continues.

Money VG Siddhartha missing: BJP writes to Shah, Congress seeks probe
Author: 0 VG Siddhartha missing: BJP writes to Shah, Congress seeks probe

The body was found at around 6:30 this morning on the banks of the Netravati river. The Indian Coast Guard continue to search the area. This person, the Income Tax Department says, admitted that the cash belonged to VG Siddhartha. V.G. Siddhartha, known as "Coffee King" and son-in-law of former External Affairs Minister S.M. Krishna has been missing since Monday 29 July. Calls to his number had indicated his mobile phone was switched off, police say.

Money Gold firms ahead of expected Federal interest rate cut
Author: 0 Gold firms ahead of expected Federal interest rate cut

U.S. gold futures were up 0.6 per cent at $1,428.30 per ounce. "Clearly, the gold market is going to be somewhat on hold awaiting Fed commentary on Wednesday". It also noted that, "The expected trading range for today is between Dollars 1,410 an ounce support and USD 1,440 resistance". Expectations are low for a breakthrough.

Money US Pres. Trump on Fed: A small rate cut is not enough
Author: 0 US Pres. Trump on Fed: A small rate cut is not enough

The US President has historically hammered the Federal Reserve for not slashing interest rates to a suitable level ever since he entered the White House, demanding "a large cut" from policymakers. Powell stoked expectations of a rate cut in recent weeks, citing the U.S. "I think certainly these numbers will make it very easy to say one and done".

Money LSE surges on United States $ 27bn Refinitiv takeover talks
Author: 0 LSE surges on United States $ 27bn Refinitiv takeover talks

In point of fact, news of a latest dispute on London Stock Exchange's $27 billion takeover deal for the UK-based financial data analytics firm Refinitiv , came forth a few days after a Financial Times report had first revealed the news later on last Thursday (July 25th).

Money Capital One breach exposes personal details of over 100 million customers
Author: 0 Capital One breach exposes personal details of over 100 million customers

The U.S. Department of Justice announced that a woman named Paige A. Thompson, 33, had been arrested in Seattle and charged with a single violation of the Computer Fraud and Abuse Act in connection with the Capital One intrusion. Investigators arrested Thompson inside her residence and seized numerous devices. The bank will offer free credit monitoring services to those affected.

Money YouTube and Netflix Coming to Tesla Cars
Author: 0 YouTube and Netflix Coming to Tesla Cars

Tesla has already unveiled games that drivers can play on the displays in their cars. "Ability to stream YouTube and Netflix when auto is stopped coming to your Tesla soon!" All of the games only work while the auto is parked, and players can use the steering wheel as a controller.

Money Takeaway.com lands $10b deal in food delivery race
Author: 0 Takeaway.com lands $10b deal in food delivery race

Earlier in the year, Just Eat was put under pressure by a shareholder to merge with a rival. Brent Wissink, now the chief financial officer of Takeaway.com, and Jorg Gerbig, now the chief operating officer of Takeaway.com, will be named co-chief operating officers.

Money Restaurants Let Deals Fly For National Chicken Wing Day
Author: 0 Restaurants Let Deals Fly For National Chicken Wing Day

You could also win free wings for a year by guessing how many chicken wings competitive eating legend Joey Chestnut gets through in a day. But thankfully, in 1977, Buffalo Mayor Stan Makowski stepped in (let's hear it for local government!) and dedicated July 29 to something far more exciting than independence or working: Buffalo wings ! Big City Wings: Get 70-cent wings all day on July 29.

Money Audi A1 CityCarver is a city auto that thinks it's an SUV
Author: 0 Audi A1 CityCarver is a city auto that thinks it's an SUV

Underbody protection also gives the citycarver a rough-road feel. Based on the A1 Sportback , the new high-riding hatchback from Ingolstadt is 4.04 metres long (13.3 feet) and features a lifted suspension with 35 mm (2.0 inches) of additional ground clearance.

Money Ryanair says delays may leave it with no MAX jets next summer
Author: 0 Ryanair says delays may leave it with no MAX jets next summer

Ryanair , Europe's biggest low-priced airline, suffered from a major drop in share value, with a fall of nearly half in value in just two years, with the company dealing with a massive problem of overcapacity, along with the United Kingdom's plans to leave the European Union in the coming months.

Money Privacy Group EPIC Suing The FTC For $5 Billion Facebook Settlement
Author: 0 Privacy Group EPIC Suing The FTC For $5 Billion Facebook Settlement

The amount of fine is unprecedented in the history of FTC. The FTC said Facebook allegedly "used deceptive disclosures and settings" that took away from user privacy, which violated an agreement made by the FTC and Facebook in 2012. According to Republican FTC Chairman Joe Simons, the $5 billion penalty "serves as an important deterrent to future order violations, by Facebook and others".

Money Huawei's ties with partners FedEx, Flex fray on U.S.-China tensions
Author: 0 Huawei's ties with partners FedEx, Flex fray on U.S.-China tensions

The Chinese newspaper said Flex has been removed from Huawei's supply chain due to the incident that had "angered Huawei", but Guo declined to comment on that. The ban has also caused confusion among global companies and even academic bodies as the restrictions on their engagement with Huawei were unclear.

Money Apple Card expected to launch in early August
Author: 0 Apple Card expected to launch in early August

Apple's revolutionary new credit card is still on track to launch this summer, but despite this week's release of iOS 12.4 in preparation for the new Apple Card, it looks like we'll still have to wait just a little bit longer before it's ready for prime time.

Money Millions could qualify for compensation in Equifax settlement
Author: 0 Millions could qualify for compensation in Equifax settlement

The restitution program will be conducted in connection with settlements that have been reached in separate multi-district class action lawsuits filed against Equifax, as well as settlements that were reached with the Federal Trade Commission and Consumer Financial Protection Bureau.

Money European shares attempt recovery after ECB disappointment
Author: 0 European shares attempt recovery after ECB disappointment

Their attention will now shift to a Federal Reserve meeting next week, where policymakers are expected to cut interest rates by 25 basis points to 2.00%-2.25%. An advance reading of USA gross domestic product, due at 8:30 a.m (1230 GMT), is expected to show the economy grew 1.8% in April-June, the slowest growth in more than two years.

Money Nissan to cut 12,500 jobs worldwide
Author: 0 Nissan to cut 12,500 jobs worldwide

Sales in Russian Federation alone fell roughly 21.7 percent since the same period past year, or around 18,000 units and a 4.1 percent market share. It said it generated an operating profit of 1,6-billion yen (down almost 99 percent, year on year) on net revenues of 2,37-trillion yen, equivalent to an operating margin of 0,1 percent.

Money Japan removing S.Korea from favored trade list
Author: 0 Japan removing S.Korea from favored trade list

During a telephone call on Friday, Foreign Minister Kang Kyung-wha pressed her Japanese counterpart to lift trade restrictions on materials South Korean companiesneed to produce computer chips. They said the majority of the commenters supported stripping South Korea of its preferential status. "We agreed that a cooperation regime among the U.S., Japan and South Korea is incredibly important for the three countries' prosperity and security".

Money SoftBank unveils investment fund to drive 'AI revolution'
Author: 0 SoftBank unveils investment fund to drive 'AI revolution'

SoftBank said that companies such as Microsoft , Apple , Standard Chartered Bank and Foxconn have agreed to invest in the fund. SoftBank said it was still talking to potential investors and that it expected the fund's anticipated capital to grow.

Money Amazon push for one-day delivery dents profits
Author: 0 Amazon push for one-day delivery dents profits

The extra budget was mainly devoted to promoting Amazon's cloud computing arm AWS , which included growing the unit's sales and marketing team, Amazon's chief financial officer Brian Olsavsky said. Operating income is expected to be between $2.1 billion and $3.1 billion, compared with $3.7 billion in third-quarter 2018. Retail sales grew 17.6% y/y, a +360 sequential acceleration from 1Q and an important change from the deceleration observed in recent quarters.

Money Facebook to pay record $5 billion fine over privacy violations
Author: 0 Facebook to pay record $5 billion fine over privacy violations

Facebook has admitted that it was "rocked to its very foundations" by the Cambridge Analytica scandal . (NASDAQ:FB) over the company's long-standing data privacy issues. Facebook will have to report any privacy breaches, including those concerning WhatsApp, Instagram and its various other properties, to the authorities if such breaches ever occur again.

Money Tesla Stocks Drop After Second-Quarter Losses
Author: 0 Tesla Stocks Drop After Second-Quarter Losses

Tesla beating analyst estimates as they concerned deliveries during the second quarter was a positive step forward for the company. Now profit is expected in the fourth quarter of 2019, with the current quarter to be break-even, Musk said.

Money Child injured after riding on conveyor belt at Atlanta Airport
Author: 0 Child injured after riding on conveyor belt at Atlanta Airport

I'm just grateful he's here. Incredible security vision shows the child easily climbing onto the belt before going through an X-Ray scanner, passing through several sections of the airport. According to an incident report written by the Atlanta Police Department, officers found the child with a "severely swollen and bruised" right hand.

Money Development Continues On Ford's All-Electric F-150
Author: 0 Development Continues On Ford's All-Electric F-150

As always with Musk, the date that a product will actually be available for purchase is something of a mystery. The most interesting note on this is that the truck will only cost $50,000. Still, the fact that Ford took the unusual step of releasing this video , and especially that it's doing this with the iconic F-150 is noteworthy.