Finance

Labour calls for vote that could trigger Brexit referendum

Labour calls for vote that could trigger Brexit referendum

With populists in Hungary, Poland, and elsewhere campaigning against the EU's foundational values, European politicians have much more than British domestic political squabbles to worry about. "If the...

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France hits Google with record €50mn fine over ‘forced consent’ data collection

France hits Google with record €50mn fine over ‘forced consent’ data collection

France's top data-privacy agency, known as the CNIL, said Monday that Google failed to fully disclose to users how their personal information is collected and what happens to it. However, the GDPR pro...

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Tesla sheds 3000 jobs in battle to stay competitive

Tesla sheds 3000 jobs in battle to stay competitive

Chief executive Elon Musk said 7pc of full-time staff will go and only the most critical contract and temporary staff will be retained. Tesla's slim profit margin shrunk even more from the thi...

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China Blasts Apple, Amazon for References to Taiwan and Hong Kong

China Blasts Apple, Amazon for References to Taiwan and Hong Kong

The US, of course, is alarmed at the prospect of losing its military and economic supremacy over China in the ongoing shadow-boxing in the Indo-Pacific, where Beijing is also assiduously using its m...

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US in criminal probe of China´s Huawei

US in criminal probe of China´s Huawei

Establishing that it is USA policy to enforce denial orders banning the export of US parts and components to Chinese telecommunications companies that have violated USA export control laws or sancti...

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China brushes off global outrage over death sentence for Canadian

China brushes off global outrage over death sentence for Canadian

Trudeau should "respect the rule of law, respect China's judicial sovereignty, correct mistakes and stop making irresponsible remarks, " foreign ministry spokeswoman Hua Chunying said . Freeland said...

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British lawmakers reject Theresa May’s Brexit deal

British lawmakers reject Theresa May’s Brexit deal

There is nothing to stop the government bringing back the same deal again and again to the House of Commons until either MPs accept it, or seek to oust May, who faces a no-confidence vote on Wednesday...

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Utility sued for billions over California wildfire, seeks bankruptcy protection

Utility sued for billions over California wildfire, seeks bankruptcy protection

PG&E's shares plummeted more than 48 percent during morning trading Monday. "We can't view this just as one off", said Austin Brown, executive director of the UC Davis Policy institute for Energy...

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Powell Says Fed Is 'Waiting and Watching' With Patience on Rates

Powell Says Fed Is 'Waiting and Watching' With Patience on Rates

However, St Louis Fed President James Bullard warned that the central bank could push the economy into recession if it raised rates much further. The Fed will instead depend on the freshest economic d...

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China trade talks start amid cooling economic growth

China trade talks start amid cooling economic growth

The Wall Street Journal , citing sources briefed on the negotiations, reported the two nations made progress on trade issues related to China's purchases of US goods and services but said the "...

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Sears could announce plan to liquidate as soon as Tuesday

Sears could announce plan to liquidate as soon as Tuesday

Sears received another lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat. Unsecured ...

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Could the Government Shutdown Delay My Tax Return?

Could the Government Shutdown Delay My Tax Return?

As tax season approaches, the government shutdown can also affect returns. It notes that federal employees who work in positions with these functions would be furloughed. And while some of the lig...

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Apple tipped to release three-camera 'iPhone XI' in 2019

Apple tipped to release three-camera 'iPhone XI' in 2019

Apple already uses a ToF proximity sensor in the TrueDepth camera unit launched with the iPhone X , which helps with the company's Face ID technology. OnLeaks notes the 2019 iPhones are still in En...

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Markets Right Now: Apple leads tech stocks sharply lower

Markets Right Now: Apple leads tech stocks sharply lower

In a letter to investors on the topic, Apple CEO Tim Cook squarely laid all the blame on a lower number of iPhone sales for the quarter. "Our non-iPhone businesses have less exposure to emerg...

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Sushi Tycoon Buys Giant Bluefin Tuna for 3.1 Million Dollars

Sushi Tycoon Buys Giant Bluefin Tuna for 3.1 Million Dollars

Those taking part in the first New Year auction at the Toyosu market let out shouts whenever the two men raised their bids. The winning sum for the prized and threatened species at the auction was m...

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US Dollar Index turns negative on dovish Powell

US Dollar Index turns negative on dovish Powell

Powell's Fed hiked rates four times a year ago and projections from its December 19 meeting show officials expect two more hikes in 2019. "As always, there is no preset path for policy", Powell sa...

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Apple issues profit warning as iPhone/iPad sales fail to hit targets

Apple issues profit warning as iPhone/iPad sales fail to hit targets

Apple's stock price dropped nearly 10 percent Thursday, closing the day at $142.19, the company's biggest single-day loss in six years. The revenue revision, which came late Wednesday, led markets...

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Apple cuts sales expectations following China tariffs

Apple cuts sales expectations following China tariffs

The selloff in Apple dragged its market capitalization below that of Alphabet Inc and set the stock for its biggest intra-day percentage fall in nearly six years. At least six Wall Street firms, inc...

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Apple Blames China’s Floundering Economy For Recent Dwindling Holiday Revenue

Apple Blames China’s Floundering Economy For Recent Dwindling Holiday Revenue

Cook said that the launch timing of the iPhone XS and XS Max when compared to the iPhone X , as well as the strength of the USA dollar, resulted in the phone costing more in specific regions like...

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Tesla shares drop on disappointing quarterly performance

Tesla shares drop on disappointing quarterly performance

This included 63,150 Model 3 (13% growth over Q3), 13,500 Model S, and 14,050 Model X vehicles. Tesla delivered 99,394 of its Model S and X vehicles in 2018, just shy of its 100,000 goal. Our invent...

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Cyber-attack disrupts printing of major USA newspapers

Cyber-attack disrupts printing of major USA newspapers

The print edition of the company's flagship newspaper, Chicago Tribune , was published Saturday without paid death notices and classified ads. " We apologize to our customers for this inconvenience...

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China Announced Plan for Face to Face Trade Meeting With U.S.

China Announced Plan for Face to Face Trade Meeting With U.S.

The deputy US Trade Representative Jeffrey Gerrish will lead a delegation to Beijing in early January for the first face-to-face talks after a truce in tariff war between two countries, Bloomberg ...

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Santa Maria Kmart Store Lands on Latest Closure List

Santa Maria Kmart Store Lands on Latest Closure List

His plan would still need to pass muster with creditors and the bankruptcy court - and he could still be outbid by a liquidator looking to shut Sears and sell off the pieces. Sears, which hasn't been ...

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Sears to close 80 more stores as bankruptcy deadline nears

Sears to close 80 more stores as bankruptcy deadline nears

Bankrupt department store chain Sears is nearing the end of a self-imposed deadline for its survival, as today is the last opportunity for potential buyers to bid on its assets. CNBC notes that cou...

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Strange Light Over New York, Power Outages Following Transformer Explosion

Strange Light Over New York, Power Outages Following Transformer Explosion

What happened: Officials say a transformer explosion at Con Edison lit up the sky with electric blue color. "No injuries, no fire, no evidence of extraterrestrial activity", the NYPD NEWS Twitt...

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