Economy

Wall Street rises on Fed bets but North Korea mutes gains

Wall Street rises on Fed bets but North Korea mutes gains And in bond markets , 10-year US Treasuries and Germany's ultra-safe government bonds, known as Bunds, were trading at their highest prices since June. Crude futures, meanwhile, extended losses on fears of slowing demand and lingering concerns over global oversupply. USA crude was down 0.9 per cent at $48.16 per barrel, on track for a weekly loss of 2.9 per cent. [Full Article...]

Tesla's upcoming electric semi truck will be able to drive itself

Tesla's upcoming electric semi truck will be able to drive itself Reuters has seen emails between Tesla and the Nevada DMV where the two sides discussed "potential road tests" of the truck's self-driving capabilities. The email exchange shows that the vehicle company is putting self-driving technology into an electric truck, which it plans to unveil in September 2017. [Full Article...]

Google engineer fired for 'sexist' memo takes legal aim at company

Google engineer fired for 'sexist' memo takes legal aim at company Google engineer James Damore was sacked Tuesday for "perpetuating gender stereotypes" - in other words, saying something Google doesn't like - after he wrote a 10-page memo that said the company's affirmative-action like hiring policies and programs weren't helping the intended recipients. [Full Article...]

North Korea spat rattles Wall Street

North Korea spat rattles Wall Street After a dip of as much as 0.52 percent earlier in the day, investors appeared to take some comfort in Tillerson's comments, said Richard Steinberg, managing director at HighTower Advisors in NY. European shares were also lower following reports that a auto had rammed a group of soldiers in Paris, injuring six before speeding off in what officials identified as a suspected terrorist attack. [Full Article...]

Homeowners upset after affluent San Francisco street sold at auction for $90000

Homeowners upset after affluent San Francisco street sold at auction for $90000 Their exclusive street, home to 35 mega-mansions, has been bought by an unassuming couple looking to bend them over a barrel financially. It is "the most unique property I've come across, by far", said Cheng, a real estate agent who focuses on investment properties. [Full Article...]

No surprises as dovish BoE holds rates at historic lows

No surprises as dovish BoE holds rates at historic lows Rising levels of household debt could leave Britain's lower-income families dangerously exposed amid signs of an economic downturn linked to Brexit, Moody's credit rating agency said in his report published on Tuesday. But he said the United Kingdom was "a little bit" better placed to cope with an interest rate rise. "Brexit downside risks are larger than the MPC can formally acknowledge, which ... [Full Article...]

ADP Board Rejects Pershing's Request To Extend Director Nomination

ADP Board Rejects Pershing's Request To Extend Director Nomination The investor is also planning to push for margin improvements, but didn't mention plans for a major financial overhaul, they said. On August 1, Pershing Square approached the company and requested an in-person meeting with the Board to share our research and its conclusions. [Full Article...]

Teva Pharmaceutical Will Bounce Big Soon for Traders: Chart

Teva Pharmaceutical Will Bounce Big Soon for Traders: Chart Bank of America upgraded Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA ) on Tuesday, January 31 to "Buy" rating. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. [Full Article...]

Markets Right Now: Solid earnings drive stock indexes higher

Markets Right Now: Solid earnings drive stock indexes higher The Dow opened at 22,004 before slipping back but is still on track for another record close, the sixth in a row. Approximately 90 minutes after yesterday's close, shares of AAPL stock were up almost 6% in after-hours trading. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. Meanwhile, Federal Reserve C... [Full Article...]

USA teen exits plane via emergency door and slides down wing

USA teen exits plane via emergency door and slides down wing Copa Airlines Flight 208 had arrived from Panama City. 'It was as if he was like flying out, like it was really fast, ' passenger Sophia Gibson told San Jose television station KNTV. Relay the message back. A flight attendant stood in front of the open exit to ensure people did not fall out while leaving the plane, he said. "It was pretty insane". [Full Article...]

Splitcoin: Two rival bitcoin currencies now exist, but what does that mean?

Splitcoin: Two rival bitcoin currencies now exist, but what does that mean? Bitcoin split into two separate currencies on Tuesday because part of the Bitcoin community isn't happy with recent and planned changes to the code that controls the cryptocurrency. " Today's Segwit2x and Bitcoin Cash fork poses a risk for users of the cryptocurrency during the transition phase", said Christian Kourtis, Senior Associate at Gowling WLG . [Full Article...]

Discovery Communications, Inc. (NASDAQ:DISCA) Sees The Needle Move on Volume

Discovery Communications, Inc. (NASDAQ:DISCA) Sees The Needle Move on Volume A previous attempt to merge the two companies failed back in 2014, but this latest set of talks has resulted in a deal. David Zaslav, President and CEO, Discovery Communications said: "This is an exciting new chapter for Discovery". The firm had revenue of $1.61 billion during the quarter. Sell-side analyst recommendations point to a short term price target of $28.56 on the shares of Discov... [Full Article...]

U.S. economy bounces back from weak first quarter

U.S. economy bounces back from weak first quarter For this year, many analysts believe growth will come in around 2.2 percent, essentially where growth has been since the recovery began in mid-2009. On Monday, the International Monetary Fund lowered its estimate of how fast the USA economy would grow in coming years, saying that it looked less likely that US policy would stimulate the economy than the IMF projected in April. [Full Article...]

Oil prices soar amid signs of market rebalancing

Oil prices soar amid signs of market rebalancing Oil ended its strongest week this year with a surge on Friday, built on receding fears of oversupply, as US crude came within striking distance of $50 a barrel for the first time since the end of May. The committee did not back capping Libyan output as it said its production was unlikely to exceed 1 million bpd in the near future compared to its capacity of 1.4 million-1.6 million bpd before unres... [Full Article...]

Former VW executive to plead guilty in emissions cheating case

Former VW executive to plead guilty in emissions cheating case Earlier in July, the Justice Department charged former Audi manager Giovanni Pamio with directing employees to design software enabling thousands of Audi diesel cars to beat USA emissions tests. James Liang, a VW employee who pleaded guilty to misleading regulators, is cooperating with prosecutors and will be sentenced on August 25. Judges have denied Mr. [Full Article...]

Lyft partners with Taco Bell to satisfy those late-night munchies

Lyft partners with Taco Bell to satisfy those late-night munchies Well , rejoice stoners: if you live in Orange County Lyft has your back . "With the advent of this fantastic partnership with Lyft , we will erase any lingering uncertainty and celebrate the ability to "ride-thru" in Taco Mode". Taco Mode is slated to expand to additional markets by the end of the year, with a nationwide rollout in 2018, according to Lyft . Well , an LRW-Lyft study this June... [Full Article...]

KL Rahul ruled out of 1st Test

KL Rahul ruled out of 1st Test Ahead of playing his 50th Test cricket match here, Indian star off-spinner Ravichandran Ashwin on Monday recalled his 10-wickets haul against Sri Lanka in 2015 at Galle International Stadium here and said the venue brings good memories. [Full Article...]

Sean Spicer Has Resigned As Trump's Press Secretary

Sean Spicer Has Resigned As Trump's Press Secretary White House press secretary Sean Spicer has resigned from his position, reports said on Friday. Spicer's televised White House appearances eventually gave way to off-camera, audio-only briefings, broadcast on a time-delay. Spicer was also mocked and criticized over his controversial remark comparing Syrian President Bashar Assad and Nazi Germany's leader Adolf Hitler. [Full Article...]

USA to ban Americans from travelling to North Korea

USA to ban Americans from travelling to North Korea Warmbier travelled to North Korea with Young Pioneer tours , one of the agencies warned of the ban. "We have been informed that the USA government will no longer be allowing USA citizens to travel to ( North Korea )", Young Pioneer Tours, which took the 22-year-old student to the country, also said on its website. [Full Article...]

Lyft Goes All In on Driverless Car Tech

Lyft Goes All In on Driverless Car Tech Lyft had announced in June that it was partnering with nuTonomy , the technology company behind the autonomous cars . Some industry officials fear that a lack of uniform rules and expectations could hinder the development of self-driving cars by effectively preventing vehicles from crossing state lines. [Full Article...]


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