Money

Crude Oil Weekly Price Forecast - Crude markets break out

Crude Oil Weekly Price Forecast - Crude markets break out Under such conditions, the West Texas Intermediate lost seven cents and traded at 58.54 dollars per barrel, after reaching 58.95 earlier, its peak so far this year. "Total demand is projected to exceed 100 million barrels per day during the second half of 2019", the report said. The U.S. bank said January global crude oil demand growth was "nearly 2.0 million barrels per day, with strength visib... [Full Article...]

Facebook loses two important executives amid new privacy push

Facebook loses two important executives amid new privacy push Zuckerberg said Cox first mentioned he might leave a few years ago, but chose to stay on after 2016 as evidence emerged that Russians had manipulated Facebook's services to provoke discord in the USA and influence the election won by President Donald Trump. [Full Article...]

Is the Tesla Model Y an SUV - and does it matter?

Is the Tesla Model Y an SUV - and does it matter? Musk has announced yet another product way too early, the new vehicle that is a mini SUV will ship in fall 2020 according to Elon Standard time, which in the real world realistically means 2021. Autopilot and Full Self-Driving Capability add $3,000 and $5,000 to the tally. The increased commonality should make the Model Y easier to integrate into current assembly processes and make it somewhat les... [Full Article...]

Volkswagen to shed up to 7000 jobs through automation

Volkswagen to shed up to 7000 jobs through automation Zwickau will also build electric cars for Volkswagen's Seat and Audi brands. The original plan was to introduce the new model in September at the Frankfurt Motor Show, but that won't be the case anymore. "But if you think about what we want to do, i.e. go up to 40 percent e-mobility share by 2030, then we have to electrify those lower segments as well". [Full Article...]

UK Parliament Narrowly Rejects Holding Second Brexit Referendum

UK Parliament Narrowly Rejects Holding Second Brexit Referendum Does it want to hold a second referendum? "Clearly he has difficulties with the issue despite the support of Labour MPs and Labour voters". The EU-Canada free trade deal (CETA) took seven years to put together and is seen as one of the most successful recent trade deals . [Full Article...]

Happy Pi Day! Start Ciphering Or Eating, Whichever You Choose

Happy Pi Day! Start Ciphering Or Eating, Whichever You Choose The chain's Pi Day deal has a limit of one $3.14 pizza per customer. So why not celebrate Pi Day tomorrow with a sweet pizza deal? . Pizza Inn can get a Chocolate Chip Pizzert for $3.14 if you are a new or existing rewards club member. [Full Article...]

What Verizon will charge for 5G

What Verizon will charge for 5G In Chicago, you'll have access to Verizon's 5G in The Loop, Magnificent Mile (around the Verizon store there), The Gold Coast, River North and Old Town at the outset. Verizon is also planning to sell the Samsung Galaxy S10 5G , but there's no availability date yet. "If adding 5G service is a significant step-up from 4G, then $10 is a reasonable customer expectation", King said. [Full Article...]

Tesla walks back its plan to close most showrooms

Tesla walks back its plan to close most showrooms There will be no price increase to the $35,000 Model 3 . Tesla will raise the price of its vehicles after going back on a recent decision to close most of its stores. Analysts say the company's sudden reversal of plans adds to investor concerns that it lacks a cohesive strategy for growing into a major global automaker. [Full Article...]

No plans to visit China for trade talks

No plans to visit China for trade talks An end to the months-long US-China trade dispute would help China's hurting exporters - shipments to the US fell about 29 percent last month. Advances in talks drove the White House to indefinitely delay hikes in tariffs on $200 billion worth of Chinese imports that were set to kick in on March 2. [Full Article...]

Unemployment rate drops to 3.8% as 20000 jobs added in February

Unemployment rate drops to 3.8% as 20000 jobs added in February Others have said the five-week government shutdown - which delayed release of the jobs data - also played a role in the January spike, as idled government employees who found other jobs temporarily may have been double-counted. The decline in the so-called U6 rate was the largest since the BLS launched the series in 1994. But if wage gains pick up speed, it could fuel concerns of inflation h... [Full Article...]

Canada sees second straight monthly employment surge with 55,900 net new jobs

Canada sees second straight monthly employment surge with 55,900 net new jobs Canada's February surge followed an even bigger gain of 66,800 positions in January. The encouraging numbers provided a bright spot for the economy, which has posted disappointing data in recent months. The report says the addition last month of 67,400 full-time jobs more than offset a loss of 11,600 part-time positions. Alberta's employment level was mostly unchanged from January and last Feb... [Full Article...]

Elizabeth Warren Wants to Break Up Amazon, Facebook, and Google

Elizabeth Warren Wants to Break Up Amazon, Facebook, and Google For instance, her plan would unwind Facebook's purchase of WhatsApp and Instagram, Amazon's acquisition of Whole Foods , and Google's purchase of Waze. This would, for example, forbid Amazon from selling on its Amazon Marketplace platform. Congress held a series of hearings previous year looking at the dominance of major tech companies. [Full Article...]

China, US to Attend Presidential Summit in March

China, US to Attend Presidential Summit in March The economists estimated that, should the tariffs in place continue, around US$165 billion of annual trade would be redirected as a result of the most dramatic protectionist policy push undertaken in the U.S. trade deficit in goods and services with the world topped $600 billion in 2018. "When we impose a tariff, it is the domestic consumers and purchasers of imports that bear the full cost of t... [Full Article...]

South Korea calls for three-way talks after collapse at Trump-Kim summit

South Korea calls for three-way talks after collapse at Trump-Kim summit The proposal for the talks came during a National Security Council meeting on Monday led by South Korean President Moon Jae-in, who said it was Seoul's "outmost priority" to prevent nuclear negotiations between the US and North Korea from derailing. [Full Article...]

Victoria’s Secret to close 53 stores in North America

Victoria’s Secret to close 53 stores in North America In recent years, sales have slipped and the brand has struggeld to resonate with shifting consumer demands. According to Bloomberg , the company stated, "Given the decline in performance at Victoria's Secret, we have substantially pulled back on capital investment in that business versus our history". [Full Article...]

Tesla halts orders for cars ahead of promised announcement

Tesla halts orders for cars ahead of promised announcement The Tesla Model 3 has a top speed of 210km/h and a range of 355km. You do still get a tinted glass roof with the standard model, however, along with four USB ports in the center console. The company also claimed that buyers will be able to order a Tesla on their phones in about a minute, and they will be able to return their cars within seven days or 1,000 miles. [Full Article...]

GAP Will Be Closing 230 Store Locations Over The Next Two Years

GAP Will Be Closing 230 Store Locations Over The Next Two Years The remaining businesses named NewCo, which includes Gap, Intermix, Athleta, Banana Republic, will live as its own separate entity. The moves announced Thursday are the latest signs of turmoil in the retail industry, as Sears and other chains struggle to stay afloat. [Full Article...]

Venezuela FM says Maduro and Trump should meet to 'find common ground'

Venezuela FM says Maduro and Trump should meet to 'find common ground' Reuters quoted diplomats as saying the US version is likely to receive the required nine votes in the council but is expected to fail due to a Russian veto. The U.S. envoy on Venezuela, Elliott Abrams, told the U.N. Security Council on Tuesday that he was concerned for Guaido's safety upon his return to Venezuela. [Full Article...]

YouTube Pulls Ads From Anti-Vaccination Videos That Violate Its Policies

YouTube Pulls Ads From Anti-Vaccination Videos That Violate Its Policies According to Wired , pedophiles were making sexually explicit comments on videos of "children showing their exposed buttocks, underwear and genitals", and "little girls playing Twister, doing gymnastics, playing in the pool and eating ice lollies", which received millions of views. [Full Article...]

Berkshire Hathaway profit expectation slashed following Kraft Heinz stock crash

Berkshire Hathaway profit expectation slashed following Kraft Heinz stock crash Bottles of Heinz tomato ketchup of USA food company Kraft Heinz are offered at a supermarket of Swiss retail group Coop in Zumikon, Switzerland December 13, 2016. "There is no question we are disappointed that profitability did not ramp up with consumption gains", said Chief Executive Officer Bernardo Hees, who is also a 3G partner, during the earnings call. [Full Article...]


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