Economy

Political operation tied to Ocasio-Cortez aide faces scrutiny

Political operation tied to Ocasio-Cortez aide faces scrutiny In January 2017 Chakrabarti was also co-founder of the "Justice Democrats" PAC , although he was not an official agent or officer of that committee, either. In his statement, Mitrani said that the PACs did not disclose information about the ultimate recipients of the money because they were not required to do so by the FEC. [Full Article...]

The Growing Trade Deficit Strengthens Trump's Hand in Trade Talks With China

The Growing Trade Deficit Strengthens Trump's Hand in Trade Talks With China Roughly about as well as making Mexico pay for that big new wall the president is having such trouble building. That means the U.S.in 2018 imported $891.2 billion more goods than it exported - a massive deficit, and a massive 10% increase. [Full Article...]

NRI woman’s body found in suitcase in Sydney

NRI woman’s body found in suitcase in Sydney Dr Reddy's remains were found in a suitcase inside her vehicle in laneway at Kingsgate in Sydney's eastern suburbs just before 9.30pm last night. The head-on collision, around 340 kilometres from where Preethi's body was found, is believed to have been deliberate. [Full Article...]

Huawei Lawsuit Argues Congress Violated Constitution By Blacklisting It

Huawei Lawsuit Argues Congress Violated Constitution By Blacklisting It At a press conference Thursday with top executives and its US -based lawyers, Huawei said the ban infringed on its rights and represented an instance of legislative overreach. German operators, led by Deutsche Telekom, have warned that any requirement to rip out and replace Huawei equipment in existing networks could delay the rollout of 5G networks by years. [Full Article...]

Tesla's New V3 Superchargers Add Up to 1600 km Per Hour

Tesla's New V3 Superchargers Add Up to 1600 km Per Hour A new 1MW power cabinet with a similar design to our utility-scale products supports peak rates of up to 250kW per vehicle. It has plans to bump up the charge rates at more than 12,000 V2 Superchargers from 125kW to 145kW in coming weeks. The push will take Tesla's network to delivering 250 kilowatts, up from 120 kw as more fast-charging infrastructure is built. It will be initially available on... [Full Article...]

U.S. ends preferential trade deals with India, Turkey

U.S. ends preferential trade deals with India, Turkey The Indian government on Tuesday downplayed the effect of the US decision to withdraw trade concessions granted to India under the Generalised System of Preferences (GSP), with Commerce Secretary Anup Wadhawan saying that the impact would amount to only $190 million on the value of $5.6 billion in exports to the USA that fall under the GSP category. [Full Article...]

US, China closing in on a trade deal

US, China closing in on a trade deal The Wall Street Journal said that in the pending agreement, China would lower tariffs on us -made goods including agricultural products, chemicals and cars in exchange for sanctions relief from Washington, citing people briefed on the matter on both sides. [Full Article...]

Lyft publicly files with the SEC for its IPO

Lyft publicly files with the SEC for its IPO The ride-hailing provider plans to debut on the Nasdaq exchange under the ticker symbol "LYFT". Its gross bookings, or the total value of the rides it sells before driver pay is deducted, reached $8.05 billion for last year, 76 percent above the prior year and 323 percent above 2016 bookings. [Full Article...]

Victoria’s Secret to close three Canadian stores amid global reduction

Victoria’s Secret to close three Canadian stores amid global reduction Net sales were up by one per cent, at $4.85 billion, and net income decreased by one per cent to $595 million. Net income fell to $540.1 million, or $1.94 per share, in the quarter ended February 2, from $664.1 million or $2.33 a share, a year earlier. [Full Article...]

Powell says Fed is nearing decision on balance sheet runoff

Powell says Fed is nearing decision on balance sheet runoff During the speech, the Federal Reserve Chairman, Jerome Powell had reaffirmed the transformation of policy by the United States central bank last month and pledged to be patient while hiking interest rate further, saying that a gauge of crosscurrents and conflicting signals had been weakening the case for further rate hikes. [Full Article...]

$35K Model 3 ready to roll, Tesla says

$35K Model 3 ready to roll, Tesla says The base Autopilot upgrade used to cost $6,600, and it's unclear what the Full Self-Driving was priced at. The rear-wheel-drive vehicle will have a 220-mile range, a top speed of 130 miles per hour and a zero to 60 time of 5.6 seconds. In a statement released by the company, Tesla announced that the company would be shifting all sales of Tesla vehicles online. Musk's memo noted that high-tra... [Full Article...]

Tesla's Elon Musk calls SEC 'broken' in new Twitter spat

Tesla's Elon Musk calls SEC 'broken' in new Twitter spat Musk, who initially on Monday accused the SEC of failing to read the company's annual reports, followed up with another tweet in the early hours of Tuesday. The agency and the Justice Department have both sought information from Tesla over forecasts made in 2017 about Model 3 production. J.P. Morgan Securities analyst Ryan Brinkman said that in a worst-case scenario, the SEC could again seek Mu... [Full Article...]

Microsoft Workers Call on Company to Cancel Military Contract

Microsoft Workers Call on Company to Cancel Military Contract The staffers stressed that the company's deal "has crossed the line" into arms development for the first time, adding the use of HoloLens , stipulated by the contract terms, "is created to help people kill", employees wrote in a Friday open letter directed at Microsoft CEO Satya Nadella and President Brad Smith. [Full Article...]

Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles

Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles News that Dalian, one of China's biggest ports, banned imports of coal from Australia also weighed on the Aussie. But Canberra can't explain why ships are floating outside certain Chinese ports still laden with Australian coal - other than to say these things have happened before and everything ultimately returns to normal. [Full Article...]

'Consumer Reports' pulls its Tesla Model 3 recommendation

'Consumer Reports' pulls its Tesla Model 3 recommendation While Teslas perform well in Consumer Reports' road tests and have excellent owner satisfaction, their reliability has not been consistent, according to our members, which has resulted in changes to their recommended status. "We take feedback from our customers very seriously and quickly implement improvements any time we hear about issues", said the company statement . [Full Article...]

British intelligence claims United Kingdom could manage Huawei threat without ban

British intelligence claims United Kingdom could manage Huawei threat without ban U.S. Vice-President Mike Pence , speaking last weekend in Germany, urged European allies to take seriously "the threat" he said was posed by Huawei as they look for partners to build the new 5G mobile networks. Huawei , along with another Chinese network equipment company ZTE Corp , has been accused by the U.S. of working at the behest of the Chinese government . [Full Article...]

Marco Rubio Jets Into Colombia as More Aid Arrives for Venezuela

Marco Rubio Jets Into Colombia as More Aid Arrives for Venezuela Millions of people have already fled the border to seek a better life as a food and medicine shortage cause a major crisis. " You will lose everything ". Russian Federation and China, among a spate of other nations, say that they recognise Maduro as Venezuela's only legitimate president. South Florida is home to more than 100,000 Venezuelans and Venezuelan-Americans, the largest concentration in... [Full Article...]

Tesla’s New "Dog Mode" Reassures Passersby That Your Dog Is Okay

Tesla’s New Cabin Overheat Protection is focused around safeguarding children and pets by keeping the auto at a "safe temperature" for several hours, "even when the vehicle is off" - a feature Tesla says is owed to the firm's 'uniquely large battery packs'. [Full Article...]

Amazon drops plans for NY headquarters after opposition

Amazon drops plans for NY headquarters after opposition Each city was expected to have more than 25,000 workers over time. Newly-elected Congressional representative Alexandria Ocasio-Cortez was among the more high-profile critics of the deal from the Democratic Party's left flank. Andrew Cuomo and Mayor Bill de Blasio , who had lobbied intensely to land the project, competing against more than 200 other metropolitan areas across the continent that... [Full Article...]

Veterans Affairs Minister Jody Wilson-Raybould resigns from cabinet

Veterans Affairs Minister Jody Wilson-Raybould resigns from cabinet She goes on to thank Canadians who have supported her during her time in the federal cabinet and states she will remain as MP for Vancouver-Granville. Make no mistake about it - there are serious allegations to be answered about how Prime Minister Justin Trudeau's government dealt with the legal problems of Quebec mega-company SNC-Lavalin. [Full Article...]


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