Money

Money Apple pledges $2.5 billion to address California's housing crisis
Author: 0 Apple pledges $2.5 billion to address California's housing crisis

The company is also committing $ 300 million to make some of its San Jose land available for affordable housing, creating a $ 150 million fund for San Francisco Bay Area housing and donating $ 50 million to Destination: Home in order to foster "systemic change" that reduces homelessness across Silicon Valley.

Money Electric Ford Mustang Lithium Hits the SEMA Show in Las Vegas
Author: 0 Electric Ford Mustang Lithium Hits the SEMA Show in Las Vegas

Ford has pitched the Lithium as a "testbed for battery and thermal management technologies", but also as an "electrified street-ready beast". Most electric cars come with a single-speed transmission, while the Taycan bucks the trend with a two-speed automatic transmission.

Money Shadow RBA spooked by inflation pimple
Author: 0 Shadow RBA spooked by inflation pimple

While the RBA still expects economic growth picking up to around 3% in 2021, it has downgraded its outlook for the year to around 2.25%. And don't forget that a year ago it expected growth this year of 3.25%. So now inflation will not be back at the bottom of the 2% range for at least two more years and certainly longer (unless there is an inflation-busting global event in the meantime).

Money Asia stocks mixed on possible US-China trade snag
Author: 0 Asia stocks mixed on possible US-China trade snag

Volume on the New York Stock Exchange totaled 3.4 billion shares with 1,383 issues advancing, 184 hitting new highs, and 1,589 issues declining, 26 setting new lows. Shares also rose in Taiwan and Southeast Asia. The benchmark for global oil prices, Brent crude, rose 1% to $62.76 a barrel. BANKING ON PROFITS: The widening gap in yields helps banks, which make money by borrowing money at short-term rates and lending it out at longer-term rates while pocketing the difference.

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

USA shale-oil output will climb more than 40% to reach 17 million barrels a day by 2025, or 3.1 million a day more than projected in OPEC's report previous year. OPEC, Russia and other producers, a group is known as OPEC+, have implemented a deal to cut oil output by 1.2 million barrels per day from the start of this year.

Money Lufthansa cancels 1,300 flights as it braces for 48-hour strike
Author: 0 Lufthansa cancels 1,300 flights as it braces for 48-hour strike

Lufthansa canceled 1,300 out of 6,000 flights scheduled - 700 on Thursday and 600 on Friday. Cabin crew members have received court approval for an 48-hour long strike at German flag-carrier Lufthansa. Lufthansa lost a bid to halt the strike at a Frankfurt labour court earlier on Wednesday but the company is appealing with a decision expected later in the day.

Money Sons failed tech bets behind Softbank Groups $6.5 billion quarterly loss
Author: 0 Sons failed tech bets behind Softbank Groups $6.5 billion quarterly loss

The Saudi Arabia-backed Vision Fund, which is run by ex-Deutsche Bank banker Rajeev Misra, has invested $70.7 billion in 88 companies at the end of September. But the outlook could be bleak, as startups like WeWork continue to struggle. "I am looking back with true regret about the mistaken investment moves that I have made".

Money Global tourists can now use Alipay in China
Author: 0 Global tourists can now use Alipay in China

Tourists spent US$73.1 billion in the country past year. Visitors can use their worldwide debit or credit cards to load funds onto a prepaid card provided by Bank of Shanghai, it said. Visitors can use their global credit or debit cards to purchase a prepaid card that ranges from 100 to 2,000 Chinese Yuan and the card lasts a total of 90 days.

Money Found no evidence to support wrongdoing charges: Infosys
Author: 0 Found no evidence to support wrongdoing charges: Infosys

U.S. market regulator Securities and Exchange Commission (SEC) has initiated an investigation into the anonymous whitleblowers' allegations of unethical practices to fudge numbers and governance lapses at Infosys . Moreover, even before the appointment of the independent investigator, the audit committee began consultations with independent internal auditors: Ernst & Young.

Money As Uber Eats Helps to Sink Shares, Questioning the Gig-Economy
Author: 0 As Uber Eats Helps to Sink Shares, Questioning the Gig-Economy

But Uber lost $1.16 billion in the quarter, extending its streak of losses. Gross bookings, which include ride-hailing, mobility, food delivery and freight payments, rose 29% from a year earlier to $16.47 billion. Cornershop now operates in several Latin American countries, but Gupta said Uber eventually intends to expand the service outside of the region. © Provided by The Associated Press FILE - In this May 28, 2019, file photo Jump electric bike share bicycles by Uber are seen along ...

Money Saudi Aramco announces plan to go public
Author: 0 Saudi Aramco announces plan to go public

The public offering of Saudi Aramco could smash records and give investors the chance to own a piece of the world's most profitable company. Saudi Aramco is worth $1.2tn, according to analysis from financial news service Bloomberg , although Riyadh would prefer a valuation of $2tn, which is one reason the company's share sale has been delayed a number of times.

Money Facebook has a new logo (but the app will look the same)
Author: 0 Facebook has a new logo (but the app will look the same)

The company said the new brand would appear on Instagram , WhatsApp and its other offerings. All sites will now have " from FACEBOOK " in the new logotype below their main logos. Facebook first starting explicitly noting its ownership of services like Instagram and WhatsApp earlier this year - a bid towards transparency to users who might not be aware of which tech companies own what services.

Money Popeyes chicken sandwich still plagued by delays, sellouts
Author: 0 Popeyes chicken sandwich still plagued by delays, sellouts

The victim was transported to a nearby hospital where he later died from his injuries. According to reports , the unidentified 28-year-old was stabbed to death outside of the restaurant in Oxon Hill, outside Washington D.C., following an altercation over the super popular fried chicken sandwich.

Money United States pre-open: Stocks seen higher on trade deal hopes
Author: 0 United States pre-open: Stocks seen higher on trade deal hopes

USA stocks were in record-high territory Monday. Stocks are broadly higher on Wall Street, pushing the Dow Jones Industrial Average toward an all-time high for the first time since July. The December crude contract was up 34 cents at US$56.54 per barrel and the December natural gas contract was up 10.7 cents at US$2.82 per mmBTU. Stocks around the world jumped Monday, with the Stoxx Europe 600 up 1%, Hong Kong's Hang Seng ending up 1.6% and South Korea's Kospi rising 1.4%.

Money 100+ Vegetable Products Recalled Over Listeria Concerns
Author: 0 100+ Vegetable Products Recalled Over Listeria Concerns

Sysco Imperial veggie power blend and Western Family broccoli slaw and sweet kale salad kit have also been added to the massive recall. The recalled products have a "Best if Enjoyed By" date of October 11 to November 16 and include packaged salad mixes and vegetables, among other items .

Money New Facebook logo signals merging of its properties
Author: 0 New Facebook logo signals merging of its properties

The new corporate logo "is a way to better communicate our ownership structure to the people and businesses who use our services to connect", Lucio added. It's a legitimate concern. Keeping a brisk pace in its eternal quest to be as headache-inducing as possible, Facebook announced on Monday that it has rebranded as FACEBOOK .

Money Analyst research gives wide range for Aramco valuation
Author: 0 Analyst research gives wide range for Aramco valuation

It's well below the $ 2 trillion target that was set by Mohammed bin Salman as they struggle to pinpoint a precise valuation. The initial public offering of Saudi Aramco is chugging forward as the world's largest initial public offering (IPO).

Money Panera Employee Fired for Video ‘Exposing’ How Mac & Cheese Is Made
Author: 0 Panera Employee Fired for Video ‘Exposing’ How Mac & Cheese Is Made

The woman in the video on Friday announced on Twitter that "I lost my job for this". The initial response to the video was shock - and mockery at people who didn't know Panera's food came frozen. He ended up getting in hot water with his boss - though maybe not as hot as the mac and cheese water. The person responded, saying she wasn't saying anybody shouldn't eat the mac & cheese and that it's "perfectly fine".

Money Pakistan rejects ‘political maps’ issued by India
Author: 0 Pakistan rejects ‘political maps’ issued by India

Under the leadership of Prime Minister Narendra Modi and supervision of Union Home Minister Amit Shah, the former state of Jammu & Kashmir has been reorganized as the new Union Territory of Jammu and Kashmir and the new Union Territory of Ladakh on 31st October 2019, a statement by the government reads.

Money Saudi Crown Prince approves announcement of Aramco IPO on Sunday
Author: 0 Saudi Crown Prince approves announcement of Aramco IPO on Sunday

But the IPO will make its long-awaited debut on the Riyadh stock market on 11 December, according to AFP . "It will be a Saudi decision, first and foremost". From the initial public offering brings in Aramco likely to have an interest of between 1 and 2 per cent of the stock in the Saudi capital, Riaad, and later on an worldwide stock exchange listing, to add.

Money Saudi Arabia Approves IPO of World's Most Profitable Company
Author: 0 Saudi Arabia Approves IPO of World's Most Profitable Company

From its beginnings in 1938 when it first struck oil with the aptly named "Prosperity Well", Saudi Arabia's energy giant Aramco has delivered unimaginable riches to the desert kingdom. It's about "preserving the oil for future generations". "These are the largest conventional oil resources on the planet", Wald says. "It is a colossal public offering that could potentially generate more than 10 years' worth of proceeds raised through IPOs in the country", said Salah Shamma, head of ...

Money Analysts See $2.87 EPS for Berkshire Hathaway Inc. (BRK.B)
Author: 0 Analysts See $2.87 EPS for Berkshire Hathaway Inc. (BRK.B)

Share performance for the month is now at 4.67%. (BRK-B) is stock of Finance sector that received attractive attention from Investors and traders. Berkshire is based in Omaha, Nebraska, and operates more than 90 businesses including the Geico auto insurer, BNSF railroad, Dairy Queen ice cream, Fruit of the Loom underwear, and its namesake energy company and real estate brokerage.

Money The Guangzhou government has allocated 1 billion yuan to develop the blockchain
Author: 0 The Guangzhou government has allocated 1 billion yuan to develop the blockchain

Xi Jining said that China should boost the development of distributed ledger technology and blockchain , which is the underlying technology of cryptocurrencies such as Bitcoin. The Guangzhou government also intends to establish a 1 billion yuan (~$142 million) fund to invest in blockchain-related companies, although details of the fund are yet to be determined.

Money America Added 128,000 Jobs in October, Unemployment at 3
Author: 0 America Added 128,000 Jobs in October, Unemployment at 3

Over the last 12 months, the health care sector has added 402,000 jobs to the economy. What's more, the government revised up its combined estimate of job growth for August and September by a robust 95,000. The labor force participation rate for prime-age adults (ages 25-54), which largely avoids the demographic effects of the aging population, increased by 0.2 percentage points in October to 82.8 percent-1.4 percentage points above its rate in November 2016.

Money Bombardier sells aerostructures business as focus on business jets intensifies
Author: 0 Bombardier sells aerostructures business as focus on business jets intensifies

As part of the deal Spirit is also acquiring a smaller facility in the Moroccan port city Casablanca and another maintenance and fix facility in Dallas, Texas. The acquired operations have more than 4,000 employees and expected 2019 revenue of about $1 billion, Spirit said. Trade unions have broadly welcomed the sale, with Unite saying: "It offers hope for a positive future for Bombardier workers in Northern Ireland and their colleagues in the supply chain".

Money Denver's Loss is Chicago's Gain As Molson Coors Moves Headquarters
Author: 0 Denver's Loss is Chicago's Gain As Molson Coors Moves Headquarters

Molson Coors , which has 17,500 employees globally, said the 400 to 500 job cuts will take place across its U.S., Canadian and worldwide business units. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.13). "Our business is at an inflection point".

Money US Economy Grows at Modest 1.9 Percent Rate in Third Quarter
Author: 0 US Economy Grows at Modest 1.9 Percent Rate in Third Quarter

The result, which is subject to revision, muddies the waters for the US Federal Reserve, which is expected to announce a third consecutive interest rate cut later Wednesday in the effort to buoy the economy amid the uncertainty caused by Trump's trade wars.

Money Trade body: China can hit US with sanctions worth $3.6 bln
Author: 0 Trade body: China can hit US with sanctions worth $3.6 bln

The World Trade Organization says China can impose sanctions on up to $3.6 billion worth of US goods over the USA government's failure to abide by anti-dumping rules with regard to Chinese products. The case relates to U.S. dumping duties on industries including machinery and electronics, light industry, metals and minerals, and the U.S. Commerce Department's way of calculating the amount of "dumping" - Chinese exports that are priced to undercut American-made goods on the U.S.

Money Jokowi to Hash Out Infrastructure Development With Asean Leaders at Bangkok Summit
Author: 0 Jokowi to Hash Out Infrastructure Development With Asean Leaders at Bangkok Summit

The rest are expected be concluded before 4 November, when Modi attends the ASEAN-FTA Partners Summit in Bangkok . At past ASEAN summits , the U.S. "If the US president continues to miss ASEAN-related summits - including the ASEAN-US Summit - year after year, it will undoubtedly affect America's standing in the region, which will reduce the perception of Washington's reliability as a strategic partner".