Money

Money Naspers sell-off casts shadow over Tencent Q4 report
Author: 0 Naspers sell-off casts shadow over Tencent Q4 report

Chief Executive Officer Bob Van Dijk has been trying to reduce the discount by looking for new investments to replicate the Tencent success; he's put cash into a range of internet companies from the U.S.to Russian Federation and India. Sgourdos said he has "zero" concern over Tencent's high valuation or about last quarter's revenue growth. Naspers said they would not sell any more Tencent shares for at least another three years.

Money WhatsApp Co-Founder Says People Should Delete Facebook
Author: 0 WhatsApp Co-Founder Says People Should Delete Facebook

The company is taking a financial hit, too-Facebook lost $50 billion in market value this week. "The time has come", wrote Acton, adding the hashtag #deletefacebook . Mr. Koum stayed on as CEO after Facebook bought What'sApp. The firm has been able to obtain massive amounts of personal data back in 2014 with the help of a Facebook app that harvested information not only from the 270,000 user accounts that it was able to link to but also from their Facebook friends as well.

Money On the menu for McDonald's: Cut greenhouse gas emissions
Author: 0 On the menu for McDonald's: Cut greenhouse gas emissions

East London resident says his obsession means he does not go on holidays with family as they go to Tunisia, where there are no McDonald's. Several brokerages have recently weighed in on MCD . This represents a $4.04 annualized dividend and a dividend yield of 2.55%. As the current market price of the stock is $159.38 and diluted EPS for the trailing twelve month is 7.23, the P/E ratio for the stock comes out as 22.04.

Money Britain seeks united front against Russia
Author: 0 Britain seeks united front against Russia

However, they remain in a critical but stable condition in hospital. "We are determined to react together, with the language we used here, but also possibly through additional measures", Merkel said, referring to the language of an European Union statement adopted on Thursday.

Money Blue UK passports to be 'made in France' after Brexit
Author: 0 Blue UK passports to be 'made in France' after Brexit

As sought by London, British Prime Minister Theresa May will be offered a 21-month, status quo transition period to help businesses adjust to Britain's official withdrawal from the European Union, due in March 2019. "That's why we have announced that the iconic #bluepassport will return after we leave the European Union in 2019". Sources have said that Gemalto has beaten De La Rue to bag the tender worth nearly 500 million pounds.

Money Sterling leaps in anticipation of May rate rise
Author: 0 Sterling leaps in anticipation of May rate rise

The yen, which investors tend to buy in times of risk aversion, jumped against the dollar while major USA stock indexes skidded. First, a rate rise looks a dead cert for the next 10 May monetary policy committee meeting (there's no meeting in April).

Money USA stocks stabilize after Thursday's tailspin
Author: 0 USA stocks stabilize after Thursday's tailspin

Stocks sank again, giving Wall Street its worst week in two years, as fear gripped investors that China and the US were headed for a trade war . The S&P 500 index skidded 42 points, or 1.6 percent, to 2,668. The Australian dollar rose as much as 0.4 percent to 77.23 USA cents. Earlier today, President Donald Trump put in place an executive memorandum that will place over US$50bln worth of tariffs on Chinese imports.

Money Craigslist's Legendary Personals Section Shuts Down
Author: 0 Craigslist's Legendary Personals Section Shuts Down

FOSTA makes a website liable for content from their users that include prostitution ads and other sex-trafficking content. Craigslist hopes to bring back the personals sometime in the future, but with current law hanging over them I don't expect it to happen anytime soon.

Money Air India begins direct flight service between India
Author: 0 Air India begins direct flight service between India

Thursday, Air India flight AI139, from New Delhi to Tel Aviv , became the first commercial aircraft en route to Israel to fly over Saudi Arabia since the former's foundation in 1948. It then crossed over Jordan and the occupied West Bank into Israel. Air India has rescheduled a couple of India-bound flights from the U.S. today due to inclement weather in northeastern America, the airline has said in a tweet.

Money Elon Musk Deletes Facebook Pages for SpaceX and Tesla
Author: 0 Elon Musk Deletes Facebook Pages for SpaceX and Tesla

In subsequent tweets , Musk said he wasn't aware that both the companies had Facebook pages and will be deleted shortly. So, the two pages were dully removed from Facebook despite having almost 2.6 million followers each - and for good measure, Musk also deleted SolarCity's page, too.

Money US Federal Reserve raises key interest rate amid stronger growth outlook
Author: 0 US Federal Reserve raises key interest rate amid stronger growth outlook

As widely expected, Fed policymakers announced a 0.25 percentage point increase in the federal funds rate after the first meeting presided over by new Fed Chairman Jerome H. That would be well below the Fed's 4.5 percent estimate of the longer-run rate of unemployment. The Fed said that the USA economic outlook had strengthened over the past months on expectation for inflation to rise in the coming months, taking the rate close to the Fed's target.

Money Uber's self-driving sensors should have seen woman, experts say
Author: 0 Uber's self-driving sensors should have seen woman, experts say

AZCentral reports the woman was homeless and died from her injuries at a nearby hospital. While the dashcam video doesn't go so far as to actually show the impact of the crash, it does show the exterior and the interior of the auto in the moments prior to the accident.

Money Toys R Us founder dies days after chain's announced shutdown
Author: 0 Toys R Us founder dies days after chain's announced shutdown

Toys "R" Us kicked off massive storewide sales Friday following its decision earlier this month to liquidate all of its USA stores including Babies "R" Us locations. We grew up around here, and the kids are never going to have the chance for their kids to be able to come in and see what a real toy store is, because there are none anymore.

Money True Story: $10000 Voucher From United Airlines
Author: 0 True Story: $10000 Voucher From United Airlines

In a series of tweets , Allison Preiss of Washington , D.C., described how she was rewarded after being asked to give up her seat on a Thursday flight. Per NBC Washington , Preiss didn't want to give up her seat because she was headed to a friend's bachelorette party. The airline also awarded her two $10 meal vouchers.

Money Mozilla Suspends Facebook Advertising Amid Cambridge Analytica Scandal
Author: 0 Mozilla Suspends Facebook Advertising Amid Cambridge Analytica Scandal

Second, we will restrict developers' data access even further to prevent other kinds of abuse. The company will also expand Facebook's bug bounty program and reward people who find bugs. I'm really sorry this happened. Top lawmakers at the House Committee on Energy and Commerce, which has subcommittees focused on communication and technology and consumer protection, sent a formal letter to Zuckerberg on Friday asking him to appear on Capitol Hill "in the near future".

Money IOS Bug Workaround: How To Prevent Siri From Reading Out Hidden Notifications
Author: 0 IOS Bug Workaround: How To Prevent Siri From Reading Out Hidden Notifications

This, however, can be bypassed by using Siri . The bug was discovered this week, with the command "read my notifications" yielding some surprising results for owners of Apple's flagship devices. With the existence of the bug, most of the notifications on iPhone X can be read out loud without requiring owner's permission. Now, if you want to read notifications, you have to unlock the phone using Face ID , a password, or some other form of authentication.

Money Census Bureau: Erie Co. Population Up in 2017
Author: 0 Census Bureau: Erie Co. Population Up in 2017

Census Bureau Population Estimates released publicly today. New population estimates from the U.S. Census Bureau underscore the extent to which the explosive growth of the state's suburban areas relies on attracting residents from other areas of the state and country.

Money Mesa Airlines Announces Career Path Program for Pilots with United Airlines
Author: 0 Mesa Airlines Announces Career Path Program for Pilots with United Airlines

United Airlines ( UAL ) is hitting the pause button on letting customers pay to ship pets as cargo. "And I want everybody in the room to know we take this deeply seriously". United Airlines will temporarily stop taking new reservations to carry animals in its planes' cargo compartments. Two days later, another United flight traveling from Newark to St.

Money Stock Can't Reverse The Downward Trend: Walmart Inc. (NYSE:WMT)
Author: 0 Stock Can't Reverse The Downward Trend: Walmart Inc. (NYSE:WMT)

About 7.95M shares traded. Shaw Communications Inc. (NYSE:SJR) has risen 13.56% since March 21, 2017 and is uptrending. It has outperformed by 17.82% the S&P500. (NYSE: WMT ) rating on Tuesday, May 9. Since September 22, 2017, it had 0 buys, and 5 insider sales for $477.13 million activity. WALTON JIM C sold 2.00M shares worth $158.93 million.

Money Tesla Ready to Give Elon Musk a $2.6 Billion Pay Package
Author: 0 Tesla Ready to Give Elon Musk a $2.6 Billion Pay Package

That's an astronomical sum, compared to what other US executives make. Musk owns approximately 20% of Tesla shares and recused himself from voting, as did his brother, Kimbal, who sits on the Tesla board. Tesla shares finished the formal trading day up 1.9 percent to $316.53, giving the automaker a market capitalization of some $53.5 billion. Plus the company's solar roofs will have to be successfully integrated into its energy storage business.

Money First Study on Climate Change and Internal Migration
Author: 0 First Study on Climate Change and Internal Migration

The report shows that with strong global efforts to cut greenhouse gas emissions and good development planning in each country, the number of climate migrants could be reduced dramatically - from a projected 140 million people to 40 million people by 2050.

Money European Union launches £4.4bn tax raid on tech giants
Author: 0 European Union launches £4.4bn tax raid on tech giants

Despite support from big powers Germany and, especially, France, that risks making it very hard to turn the idea into European law. "Our pre-Internet rules do not allow our member states to tax digital companies operating in Europe when they have little or no physical presence here", Pierre Moscovici , the Commission's tax czar, said after unveiling the proposals.

Money RECALL ALERT: Kidde smoke alarms
Author: 0 RECALL ALERT: Kidde smoke alarms

Smoke alarm manufacturer Kidde recalled almost half a million smoke alarms on Wednesday because they could malfunction during a fire. The recall involves Kidde dual-sensor smoke alarms - models PI2010 and PI9010 - sold between September 2016 and January 2018 at Walmart, Menard's, The Home Depot, Amazon.com and other retailers nationwide.

Money Trade war fears overshadow G-20 meeting
Author: 0 Trade war fears overshadow G-20 meeting

Finance ministers and central bankers of the world's 20 biggest economies, the G20, have been discussing the risk to global economic growth posed by a potential trade war caused by the US tariffs and looming trade sanctions on China . Canada and Mexico are exempt from the tariffs, which enter into force on March 23 and are mainly aimed at China. The EU, as a result, is preparing retaliatory tariffs on US products ranging from bourbon and jeans to Harley-Davidson motorcycles.

Money San Francisco Has Banned Fur
Author: 0 San Francisco Has Banned Fur

San Francisco on the USA west coast banned the sale of fur clothing on Tuesday after the city's Board of Supervisors voted unanimously in favor of the prohibition, despite outcries from businesses, Xinhua reported. San Francisco joins the California cities of Berkeley and West Hollywood in prohibiting the sale of fur coats and accessories containing real fur.

Money Strategic lessons from the Toys R Us death
Author: 0 Strategic lessons from the Toys R Us death

As bankrupt Toys R Us begins closing shop in the U.S . The Canadian branch of Toys "R" Us is also clinging to life, according to the USA Today report. The plan includes airport locations , global expansion and a new, smaller NY flagship. "We're going to save the toy industry", he wrote in a LinkedIn post .

Money Oil Prices Rise After API Reports Surprise Crude Draw
Author: 0 Oil Prices Rise After API Reports Surprise Crude Draw

This week, the API reported a draw of 1.0633 million in gasoline stockpiles, largely in line with the 2.008-million-barrel draw that analysts had expected. Innes also said tensions between Saudi Arabia and Iran , in addition to concerns over Venezuelan crude production, "continued to underpin prices and the markets have recovered soundly".

Money Ireland 'Can Count on Us' in Brexit Border Fight, Merkel Says
Author: 0 Ireland 'Can Count on Us' in Brexit Border Fight, Merkel Says

The former diplomat wrote: "She will be faced by the alternative of accepting the current EU draft and losing the support of the 10 DUP MPs who sustain her Government, or alternatively accepting that the whole of the United Kingdom remains in the single market and the customs union, in which case she will lose the support of the 62 backbench Brexit Tories".

Money US Envoy in Venezuela Tried to Dissuade Falcon from Presidential Bid
Author: 0 US Envoy in Venezuela Tried to Dissuade Falcon from Presidential Bid

U.S. President Donald J. Trump signed an executive order on Monday, banning American purchases and use of Venezuela's petro cryptocurrency. The move was "in light of recent actions taken by the Maduro regime to attempt to circumvent USA sanctions by issuing a digital currency in a process that Venezuela's democratically elected National Assembly has denounced as unlawful", the White House said.