Money

Money Walmart, Tesla pause in legal fight over fiery solar panels
Author: 0 Walmart, Tesla pause in legal fight over fiery solar panels

A lawsuit filed earlier this week by Walmart over fires in rooftop solar panels made by Tesla Inc. has been sealed by the court, and both sides say they look forward to addressing all issues. Clean energy firm SolarCity had installed panels on 240 Walmart stores, and was bought by Tesla in 2016. But Walmart said another fire still occurred at a California store, even though the panels had been disconnected for several months.

Money U.S., Japan Agree in Principle on Trade Deal Focused on Farmers
Author: 0 U.S., Japan Agree in Principle on Trade Deal Focused on Farmers

Abe said of the "potential" purchase of USA corn that such purchases would be carried out by the private sector. Speaking through a translator, Abe explained it was fair to call the relationship with the USA "robust". Japanese media reported earlier that the USA and Japan had agreed to an outline deal that would lower tariffs on US beef to levels offered to members of the TPP.

Money Trump paints picture of unity at prickly G7 summit
Author: 0 Trump paints picture of unity at prickly G7 summit

Mr Trump replied when asked about Mr Macron's mediation efforts: "We'll do our own outreach, but, you know, I can't stop people from talking. Why not. Iran's Foreign Minister Mohammad Javad Zarif landed in the French seaside resort of Biarritz on Sunday for talks during a G7 summit , a spokesperson for his ministry said.

Money Hyundai has made a retro electric concept auto
Author: 0 Hyundai has made a retro electric concept auto

The electric concept, called the 45, will be a fully electric auto that gives us a sample of Hyundai's future design direction. Why 45? The press release says the concept is inspired by the first Hyundai vehicle launched in the 1970s.

Money Porsche Taycan cabin shown - new passenger display
Author: 0 Porsche Taycan cabin shown - new passenger display

The dashboard has the familiar two-element layout with an upper wing and narrow lower wing in the transmission tunnel. Depending on selected display mode-Classic, Map , Full Map , and Pure-the gauges can display high-resolution maps, speedometer, state of charge, navigation information, outside temperature, and time, among other information.

Money Trump raises China tariffs as trade war escalates
Author: 0 Trump raises China tariffs as trade war escalates

The United States and China exchanged blows Friday as each side increased punitive tariffs on the other, intensifying a trade war that is threatening to engulf the global economy. Tensions are mounting between Trump and the Europeans, Canada and Japan over trade tariffs. The news from Beijing rekindled concerns about the world's two largest economies and a global growth outlook that's already looking shaky.

Money Overstock's Patrick Byrne steps down as CEO
Author: 0 Overstock's Patrick Byrne steps down as CEO

He also told Cuomo, "It was always clear she's on her way or was on her way to be president of Russian Federation", adding "She's a super talented girl". Following up Thursday, Mr. Byrne attributed his decision to leave Overstock to the recent developments. The company's announcement indicates that Johnson will continue to serve as president of Medici Ventures, as well as a member of the board of Overstock , Medici Ventures and tZero, so the company's blockchain efforts will remain ...

Money Target, Lowe's earnings push Wall St higher ahead of Fed minutes
Author: 0 Target, Lowe's earnings push Wall St higher ahead of Fed minutes

On Wednesday, the S&P 500 rose 0.8% while the Dow and the Nasdaq composite added 0.9%. The Nasdaq added 71.65 points, or 0.9%, to 8,020.21. A pending 10% tariff on another $300 billion in goods would hit everything from toys to clothing and shoes that China ships to the United States.

Money Seth Moulton to drop out of 2020 Democratic race
Author: 0 Seth Moulton to drop out of 2020 Democratic race

Elizabeth Warren , the Massachusetts Democrat who finished third in a recent Suffolk University/Boston Globe survey of 500 likely voters in New Hampshire, he said several candidates have reached out to him, but not Warren. "I think if our party answers that call, that call for change with the incredible victories we had across this country, by just saying we're going to reinstall the same status quo leadership we've had since 2006, for over 10 years, I don't think we're answering the call ...

Money Former Indian Finance Minister Arun Jaitley dies at 66
Author: 0 Former Indian Finance Minister Arun Jaitley dies at 66

Advani, Bihar Chief Minister Nitish Kumar, Congress leaders Abhishek Manu Singhvi and Jyotiraditya Scindia were many leaders who had also visited AIIMS to enquire about Jaitley's condition. When the reports last came in on August 19, the hospital said that the senior BJP leader was on Extracorporeal membrane oxygenation (ECMO) and Intra-aortic balloon pump (IABP) support.

Money Working capital loans will be made cheaper: FM Sitharaman
Author: 0 Working capital loans will be made cheaper: FM Sitharaman

She said that the move will also lead to cheaper working capital loans for industry. "All old tax notices will be decided by Oct 1 or will be uploaded again through the centralised system, " she added. Further, Non-Banking Finance Companies (NBFCs) will now be permitted to use Aadhaar authenticated bank KYC. For the automobile sector which has seen faltering sales in recent quarters, she said the higher registration fees has been deferred till June 2020.

Money Fed Chair Powell: Economy in favorable place but faces 'significant risk'
Author: 0 Fed Chair Powell: Economy in favorable place but faces 'significant risk'

Philadelphia Fed President Patrick Harker weighed in with the hawks in a Jackson Hole interview, saying lower rates wouldn't boost the economy when the concern is a trade war. "In principle, anything that affects the outlook for employment and inflation could also affect the appropriate stance of monetary policy, and that could include uncertainty about trade policy", Powell said.

Money China confirms new tariffs on U.S. goods
Author: 0 China confirms new tariffs on U.S. goods

President Trump lashed out at China in a fiery tweetstorm Friday morning, warning he will be responding later this afternoon to Beijing's most recent escalation of the trade war . In addition to denouncing Powell, Trump's Twitter threats responded to China announcing new tariffs on US products , including cars. It recovered some of its losses after a widely anticipated speech by Federal Reserve Chairman Jerome H.

Money French business activity expanding in August - PMI
Author: 0 French business activity expanding in August - PMI

Market consensus was 46.2 points. Any reading below 50 signals a contraction in manufacturing and signals a slowdown with the vital manufacturing sector. "The risk remains, therefore, that the euro area's largest economy will have fallen into technical recession in the third quarter", Harker said. That has pushed businesses to be less hopeful of a significant acceleration in economic activity anytime soon, which will in turn underscore policymakers' pledges for more accommodative policy.

Author: 0 Pot lottery winners plan to set up shop in Kitchener, Guelph

Those selected will have until August 28 to pay licensing fees, and provide a letter of credit for $50,000 to the regulator. The commission stressed it will only license applicants and authorize stores that meet all legal and regulatory requirements.

Money BHP drops as record dividend payout still disappoints
Author: 0 BHP drops as record dividend payout still disappoints

Boosted by higher metals prices and strong production from several mines, free cash flow was strong at US$10bn. The company announced a dividend of 78 cents a share, meaning that it will hand back $3.9bn to investors in addition to $17bn already announced.

Money Qantas to test direct 19-hour flights from NYC, London to Sydney
Author: 0 Qantas to test direct 19-hour flights from NYC, London to Sydney

Qantas is considering whether to go ahead with its ambition of flying non-stop commercial services from Melbourne, Sydney and Brisbane to London and NY. If successful, the Australian airline could operate regular non-stop flights from New York City and London to three destinations in Australia by 2022.

Money India Needs to Reduce E-Commerce Restrictions to Revive Economy: Amazon Executive
Author: 0 India Needs to Reduce E-Commerce Restrictions to Revive Economy: Amazon Executive

The new campus in India, spread over 9.5 acres and costing "hundreds of millions of dollars", will house over 15,000 employees, the company said. According to a report in Bloomberg , Amit Agarwal , Amazon's country manager for India said that this facility will build services globally citing examples of AWS, Kindle, Alexa and Amazon Home Services that is innovating on things like doorstep pick-up and electronics fix.

Money Trump acknowledges China policies may mean USA economic pain
Author: 0 Trump acknowledges China policies may mean USA economic pain

The Republican president indicated that he had no choice but to impose the tariffs that have been a drag on US manufacturers, financial markets and, by some measures, American consumers. The US has threatened to impose unilateral tariffs on French wines and cheese products in response to the 3% digital services tax to be levied by France on annual revenues generated by US tech giants, such as Google, Amazon, Facebook , and Microsoft.

Money Donald Trump raises pressure on Fed's Jerome Powell to cut interest rates
Author: 0 Donald Trump raises pressure on Fed's Jerome Powell to cut interest rates

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do - or can do - to strengthen the economy and restore confidence at a time of nagging uncertainties and global weaknesses. The 10-year US Treasury yield once again fell Tuesday, reversing Monday's rally, and is sitting around 1.5%. Taiwan, New Zealand and Southeast Asian markets retreated.

Money US to allow indefinite detention of migrant children: DHS
Author: 0 US to allow indefinite detention of migrant children: DHS

The new rule will change the terms of the agreement, resulting in its termination, and will change the way US agencies care for alien children, both those who arrive with family members and those who arrive unaccompanied. But that rule was never enacted, as the government faced a massive influx of undocumented migrants at the border and lacked appropriate bed space. The government now has only between 2,500 and 3,000 detention beds for family units and said any expansion of detention ...

Money Ryanair wins court bid to block Irish strike
Author: 0 Ryanair wins court bid to block Irish strike

Ryanair managed to quell last year's disputes by striking pay deals with many staff in Europe after agreeing to recognise trade unions for the first time, but it has faied to do so with with others and further angered unions by telling staff last month that it had 900 more pilots and crew than it needed.

Money Facebook Libra Already Facing an EU Antitrust Probe
Author: 0 Facebook Libra Already Facing an EU Antitrust Probe

A six-member delegation from the House of Congress' Financial Services Committee will meet with Adrian Lobsiger, the Swiss Federal Data Protection and Information Commissioner ( FDPIC ), to discuss Facebook's Libra project. The EU questionnaire said regulators are also examining the possible integration of Libra-backed applications into Facebook services such as WhatsApp and Messenger.

Money Walmart Sues Tesla for Solar Panels That Went up in Flames
Author: 0 Walmart Sues Tesla for Solar Panels That Went up in Flames

Tesla did not respond to a request for comment. The issues that caused that ground fault alert likely caused or contributed to the subsequent fire in the fall of 2018, revealing Tesla's utter incompetence or callousness, or both. "To this day, Tesla has not provided Walmart with the complete set of final "root cause" analyses needed to identify the precise defects in its systems that caused all of the fires described above".

Money Further delay for United States ban on trade with tech giant Huawei
Author: 0 Further delay for United States ban on trade with tech giant Huawei

Of course, if no further clemency is granted after the new November deadline, these may be the last Huawei devices we see with Android. Shortly after the ban was announced , the Commerce Department granted Huawei a 90-day stay of execution in a move it said was created to "minimize disruption" for its customers.

Money White House considering cutting tax to avoid recession
Author: 0 White House considering cutting tax to avoid recession

Their wages are rising". Despite concerns that economic growth may be faltering, the Trump administration is denying any risk of recession . Lower-income Americans pay more of their incomes in payroll taxes, given it's a regressive tax, or one applied at a uniform rate.

Money Japanese Giant Rakuten Officially Launches Cryptocurrency Exchange
Author: 0 Japanese Giant Rakuten Officially Launches Cryptocurrency Exchange

Japanese e-commerce giant Rakuten Inc. has launched a cryptocurrency exchange after first being rumored to be doing so in February . To ensure the security of crypto asset transaction services, Rakuten Wallet said that crypto assets owned by Rakuten Wallet and customers are physically separated and managed, and cryptographic assets owned by customers are managed with cold wallets.

Money Porsche Type 64 fails to sell after auctioneer blunder
Author: 0 Porsche Type 64 fails to sell after auctioneer blunder

He said the screen showing $ 70 million was wrong. The display was so farcical some in the audience thought it was an attempt at a joke. The bidding started at only $13 million and not $30 million. It did not name the auctioneer. "This was in no way intentional on behalf of anyone at RM Sotheby's, rather an unfortunate misunderstanding amplified by excitement in the room ", the auction house said.