NY just capped the number of Uber, Lyft vehicles
Mayor Bill de Blasio, who has championed. The same companies are now pushing back on the new proposals, including telling users through social media and on their apps that the legislation could make rides more scarce and more expensive. Uber spokes... More..
China Slams 25-Percent Tariff On American Cars And Motorcycles
Washington imposed tariffs on $34 billion of Chinese products on July 6 . China's exports growth unexpectedly accelerated in July despite fresh US tariffs, while its trade surplus with the United States r...More..
Snapchat Loses 3 Million Daily Users, But Posts Q2 Earnings Beat
The overhaul of the once fast-growing app turned some users away, and more people are flocking to Facebook Inc.'s Instagram, which has successfully copied Snap's most popular features. Snap had never before l...More..
Prepare for $90 oil after sanctions against Iran take effect
This time around, some of Iran's former creative methods in trade with Asian customers, including a barter system which avoids sanctionable transfers to the nation, may also work with the Europeans. The globa...More..
Doubts grow over Elon Musk’s master plan to take Tesla private
According to his email to employees, the company will allow its current public shareholders to become private shareholders if they choose against a buyout. "This included discussion as to how being private coul...More..
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Ontario Premier Doug Ford announces 'Buck-a-Beer' plan
Buck-a-beer is here. "Here we have a premier that's cutting income to the very poorest amongst us as a priority and at the same time subsidizing buck a beer", she said, referring to the Tories' plan to cancel a...More..
Chinese state media compares Trump's trade policies to 'extortion'
Growth in factory output has begun slowing across advanced economies , while business leaders fear further escalation. Neither side is showing any sign of backing down. It is indeed due to the lack of meaningf...More..
Barack Obama Day celebrated for the first time in IL
An Illinois state law signed past year marks August 4 in honor of the 44th president. President Donald Trump touted his approval numbers in a Sunday afternoon tweet that also pointed to the economy and mi...More..
Tesla Chief Elon Musk Weighs Go-Private Deal For Electric Carmaker
Mr Musk's announcement was initially met with widespread scepticism, with many people connecting the proposed price to 420 being a common slang term for marijuana. Major corporate news, like plans to take a pub...More..
Elon Musk says he's considering taking Tesla private
If Musk were to make good on his tweet, it is unclear from where he could secure funding to buy out Tesla's shareholders. Unlike publicly listed companies, private firms do not have to share details of their ...More..
Dead fetus found on plane at LaGuardia Airport, reports say
American Airlines Flight 1942 , which left Charlotte, North Carolina, at 8:56 p.m. on Monday night, arrived at the Queens, New York , hub at 10:44 p.m. "Please check with @AmericanAir before your departure",...More..
Facebook Is Now Asking Banks For Data on Your Spending Habits
Not only Facebook , Google and Amazon have also asked banks to share data in order to provide basic banking services on applications such as Google Assistant and Alexa. Shares of Menlo Park, California-based F...More..
NASCAR CEO arrested for DUI, oxycodone possession
France took over as CEO of NASCAR in 2003, and his family has controlled the organization for 70 years. Jim France , Brian France's uncle, now serves as chairman of International Speedway Corp., which owns...More..
PepsiCo CEO Nooyi to step down, Ramon Laguarta to succeed
The board of directors elected Ramon Laguarta , who has been with the company for 22 years, to succeed Nooyi as CEO. Under her chairmanship, the company also improved in environmental sustainability metrics....More..
FCA to block Mahindra Jeep copycat from entering US
But it seems all bets are now off for Fiat Chrysler , which drew the USA trade commission's attention to Mahindra's "substantial foreign manufacturing capacity combined with its demonstrated intention to pen...More..
Conor McGregor returning to the UFC in October for lightweight title bout
His lightweight title was stripped and subsequently claimed by Nurmagomedov in April. The 30-year-old later turned himself into police and last month pleaded guilty to disorderly conduct, meaning he will serv...More..
Oil prices dip sharply on United States inventories
Prices had tumbled to a six-week. Crude palm oil prices went down by 0.30 per cent to Rs 595.50 per 10 kg in futures market today as speculators cut down positions in line with weak Malaysian palm oil prices ...More..
Spanish pilots union sues Ryanair over contracts
The airline is bracing itself for another round of strike action next Friday, when 25 per cent of its pilots will strike. The crisis led to a U-turn at Ryanair , which started negotiations with trade unions ...More..
RBI hikes repo twice in succession to bring it to 6.5%
After increasing the repo rate by 25 bps in its June policy review, the RBI today again hiked the key policy rate by 25 basis points to 6.5 per cent. The average interest rate on an easy access account at o...More..
U.S. unemployment fell to 3.9% in July
Employers pulled back on hiring in July, but the job gains were still enough to lower the US unemployment rate a tick to 3.9 percent from 4 percent . That was an improvement over a 4-cent gain in June. Resta...More..
China vows to safeguard Iranian nuclear deal
But the government of President Hassan Rouhani also faces opposition from conservatives and religious leaders, who have long opposed his outreach to the West and are keen to leverage anger over corruption to ...More..
At peak of European heatwave, Portugal battles wildfire, power outage
Spain and Portugal suffered from extreme temperatures on Saturday as hot air from North Africa swept across the Iberian Peninsula. The country is on alert to prevent a repeat of its worst fires in history a...More..
Apple is the first $1 trillion company in history
Given the volatile nature of the stock market, Apple's Trillion Dollar valuation may get affected multiple times. The company's various services such as Apple Music, iCloud and Apple Pay now represent $...More..
Trump administration adds to China trade pressure with higher tariff plan
The move would risk further escalation of tensions between Washington and Beijing which are already mired in a trade war . "The US side has repeatedly escalated the situation against the interests of both ...More..
China plans tariffs on $60bn of imports to counter Trump
The United States was the fourth-largest supplier of foreign chocolate products to China in 2017, worth around $24 million, after Italy, Russia and Belgium, according to customs data. The U.S. and European Unio...More..
Turkey vows retaliation against USA sanctions
Pastor Brunson is an innocent pastor and they need to let him a return to the United States". Pompeo met with Turkish Foreign Minister Mevlut Cavusoglu in Singapore during a security conference in Southeast A...More..
China unveils additional retaliatory tariffs on $60bn of U.S. goods
According to China's Ministry of Commerce, the measure will come into force immediately if Washington starts to impose taxes on Chinese imports. "They better not underestimate the President", Mr Kudlow s...More..
Apple is first public company worth $1 trillion
Mr Jobs died in 2011 and was succeeded as chief executive by Tim Cook . It turns out that the high-priced iPhone X didn't turn off customers (unit sales were essentially flat year-over-year) as much as it ...More..
White House ups ante, looks at 25% tax on Chinese goods
The White House is considering increasing planned tariffs on $200 billion of Chinese goods from 10 to 25 percent, according to unnamed sources familiar with the issue, as quoted by Bloomberg . "We hope that th...More..
Bank of England raises Bank Rate to 0.75%
Reports suggest that it is for the second time that the RBI has increased the interest rates by 0.25%. The move sees rates rise above the emergency low of 0.5 per cent for the first time since March 2009 and ...More..