Friday, 7 December 2018
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United States dollar falls on economic growth fears


What is a yield curve? In other words, bond holders were okay with being paid less to tie up their money longer with the USA government. A yield curve goes flat when the premium for longer-term bonds drops to zero. And when is that fuel needed? A yield curve inversion preceded both the first tech bubble and the 2008 market crash. "The curve has to invert and it's going to happen sooner than people think". Read More »

VW's next-gen cars could be its last with internal combustion engines


Jost added Volkswagen was committed to taking "radical steps" to help halt global warming and would continue to adapt its petrol- and diesel-engined vehicles (likely through the use of hybrid systems) to meet ever-tightening environmental regulations. Read More »

Facebook's ranking drops in 'best places to work' list


And one of the first things people do is to look for a new job. Facebook's overall rating fell from 4.6 out of 5 at the end of last year to 4.5 today, which follows a year of public controversies over its handling of election meddling and for allowing data on 87 million users to be shared with political consultancy Cambridge Analytica. Read More »

Delivery driver arrested at Cheesecake Factory amid chaos over restaurant promotion

For one day only, The Cheesecake Factory is giving away 40,000 free slices of cheesecake . Well, if you can't resist The Cheesecake Factory cheesecakes, the app will continue to offer no delivery fees for the restaurant for the rest of the week. Read More »

Burger King Pranks McDonald's With 1 Cent Whoppers in App-Fueled Rivalry


The creative team is driving awareness of the promotion in part through a video (below) that captured confused McDonald's employees interacting with consumers asking for the one-cent Whopper deal. The promotion is called the " Whopper Detour " and runs through Tuesday, December 12th. It also created a mixtape blasting McDonald's , Burger King and other chains earlier this year. Read More »

U.S. markets tumble after trade war truce weakens


The Nasdaq Composite closed at 7,158.43 for a loss of 283.09 points or -3.80%. NEW YORK, Dec. 4 (Xinhua) - U.S. stocks plunged on Tuesday, with all three major indices erasing more than 3 percent, amid worries over inverted yield curve signaling a possible economic slowdown. Read More »

Huawei CFO is arrested in Canada over Iran links


Speaking to reporters in Montreal, Mr Trudeau said his government was told about the arrest a few days beforehand, but it did not play a role. A 2012 report by the House Intelligence Committee report urged U.S. As Donald Trump and Xi Jinping's tariffs ceasefire last weekend - which sparked a one-day rally - fades to a distant memory, investors are back in selling mood as they fret over a range of issues including the state of the world economy, oil prices and Brexit. Read More »

World markets down after arrest of Huawei executive


It's extremely rare for a country to arrest and extradite someone for something like this. "It's not often the phrase OMG appears in our internal email discussions". Markets were closed Wednesday for a federal holiday in honor of the late President George H.W. Bush. The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade US curbs on trade with Iran. Read More »

OPEC waiting for Russian Federation before deciding how much oil to cut


Novak returns to Vienna on Friday for talks between OPEC and its allies, following discussions among OPEC producers on Thursday. "I'm cautiously optimistic that a deal gets done, but the devil will be in the detail", said Mohammad Darwazah, a director at Medley Global Advisers. Read More »

Chief financial officer of China's Huawei arrested in Canada


In April, China appealed to Washington to avoid damaging business confidence following the Wall Street Journal report that USA authorities were investigating whether Huawei violated sanctions on Iran amid spiraling technology tensions. Read More »

RBI keeps repo rate unchanged at 6.5%, lowers inflation forecast sharply


One basis point is one-hundredth of one percentage point, i.e. 0.01 percent. The liquidity coverage ratio (LCR) refers to highly liquid assets held by banks to meet short-term obligations. Over the past five years, annual inflation saw its lowest level in April 2013, with 6.13 percent, and its highest level this October. Weaker global oil prices and domestic food prices are expected to drag the headline inflation rate below projections. Read More »

Saskatchewan doesn't plan to follow Alberta's oil production cuts, says Moe


Western Canada Select crude's discount to USA benchmark West Texas Intermediate oil narrowed on Monday to the tightest since July. The discount between Alberta's WCS and the benchmark WTI was about US$25 per barrel on Tuesday. Suncor was down 1.5 per cent, while Imperial fell 4.1 per cent and Husky shares were off 0.8 per cent in afternoon trading. The province expects the 325,000-barrel-a-day reduction to be in place for the first three months, while storage is drawn down to historical ... Read More »

Trump Boasts of Relations with Xi, New Trade Deal with China


Earlier this year, China's tariff's on US imported automobiles stood at 15 percent from 25 percent, Politico reported . But it added a 25 percent tariff on United States cars as trade tensions soared, bringing them to 40 percent. industry groups have openly voiced their concerns about the impact on brands, importers and manufacturers, and consumers . "The consensus reached by the leaders of our two countries is to halt the imposition of new tariffs and at the same time the two sides' ... Read More »

Ted Baker investigating harassment claims against CEO


In a statement , the company said: "Ray, and the company's leadership, have always prided themselves on Ted Baker being a great employer and business to work with". According to a new report by Buzzfeed News , staff of popular, high-end British clothing company Ted Baker are demanding that their concerns about inappropriate workplace behavior be acknowledged and addressed. Read More »

Beef recall expands to 12 million pounds amid continuing concerns of salmonella


All product supplied from JBS packaging facility in Tolleson, AZ. The recall was expanded because of concerns that people may still have the product in their freezers. The illness can stretch from four to seven days. People who consume it can be left with diarrhea, fever, and cramps. Most people recover without treatment in less than a week, but some may require hospitalization for dehydration. Read More »

Donald Trump Warns China: 'I Am a Tariff Man'


The stock market jumped after the news was announced. China's foreign ministry said on Monday that the two presidents had instructed their economic teams to work towards removing all tariffs. Another significant take-away from the preliminary agreement could be its impact on energy markets, both US oil import to China and perhaps even more importantly from a development perspective liquefied natural gas (LNG) imports. Read More »

Qualcomm: $44B NXP acquisition is dead


Chinese regulators declined to clear the deal, though the country later expressed regret over the transaction's collapse. "Restarting the acquisition of NXP will help Qualcomm effectively disperse future operational risks without betting fully on smartphones", said Yao, adding that he believes the restart of the NXP deal should still be under consideration at Qualcomm despite its assertion the deal had been terminated as the deadline had expired. Read More »

Quora Security Breach: What You Need To Know


The affected data includes account details such as names, email addresses and encrypted passwords, as well as any data imported from linked networks when authorised by the user. The hackers were unable to access questions and answers that were written anonymously, because Quora doesn't store the identities of people who post anonymous content. Read More »

George HW Bush's Service Dog Sully Pictured By Coffin

CNN caught up with him quickly as he walked through the airport. The 41st president died Friday at his home in Houston at age 94. After Bush's funeral ceremonies are over, Sully will join the facility dog program at the Walter Reed National Military Medical Center in Bethesda, Md., reported TV station KTRK in Houston . Read More »

Alberta premier announces 8.7 per cent oil production cut to increase prices

The reaction among equity traders mirrored a sharp improvement in the oil market. Sohi told a business audience Friday morning that he has asked the NEB to report back on how much oil is flowing through Canada's pipelines. "Mandatory curtailment is not the good solution, but it may be the only one available to the government". "This is an extreme case", Mr. Pourbaix said in a statement Sunday evening. Read More »

Amazon is planning to open bigger automated stores


The technology uses a mix of computer vision, sensor fusion and deep learning to register what you're buying, then charges your Amazon account when you leave. If you venture into an Amazon Go store, you're likely an early adopter who knows what to expect. The company has opened more than a dozen bookstores and pop-up shops across the country. Read More »

Trump Meets Chinese Leader to Discuss Trade War


Both a Trump adviser and Chinese media said earlier that talks after the G20 summit in Buenos Aires had gone well. The two-and-a-half-hour dinner shared by Xi Jinping and Donald Trump in Argentina, where they repeatedly emphasized their great friendship, has ended with an apparent "trade truce" but no immediate tangible results or declaration. Read More »

Fed-Ex driver makes unscheduled stop to fold flag


He then gets out and initially tries to raise the flagpole himself. The flag pole had fallen across the path of Gail Cook's house in Ferndale on Wednesday following strong winds, which is ironic (gales toppled Gail's flag). The grateful homeowner eventually saw the video and posted it to Facebook . "Semper Fi Marine. You are a great American Patrioit", one fan wrote . Read More »

Mike Lynch resigns from government advisory role following criminal charges


In short, Lynch and Chamberlain are accused of inflating Autonomy's sales numbers to hit quarterly targets so as to pocket fat performance-linked bonuses, and masquerading the business as a lucrative operation, the kind a large USA corporation might want to buy. Read More »

Google workers revolt against China censors in open letter


Google says the plan, known as Project Dragonfly , is only exploratory but news of its existence has led to concerns the company would be complicit in supporting government censorship. Even Vice President Mike Pence has demanded that Google stop Dragonfly , saying that it "will strengthen Communist Party censorship". Those groups are urging Google not to launch the program, and say doing so would enable state surveillance. Read More »

Russia, Saudi agree to renew oil output cuts: Putin


Global benchmark January Brent crude LCOF9, -1.39% which expired at the end of the session, lost 80 cents, or 1.3%, to $58.71 a barrel. The confirmation about the effectiveness of the OPEC+ deal, which helped bolster oil prices after the slump that began in 2014, came as Putin said Saturday that Russian Federation and Saudi Arabia had agreed to renew the pact. Read More »

Payless entices influencers with fake luxury boutique


The discount shoe retailer set up an extravagant pop-up shop recently, sandwiched between high-end shops in Santa Monica's Third Street Promenade, and invited customers and social media influencers to take stock of its offerings. Would you guys have been tricked by Payless' game? Payless Shoes, you know, the "you could pay more, but why" store finally found a good reason to pay more - punking social media influencers. Read More »