Money

Stocks close down as U.S., China trade fire on tariffs

Stocks close down as U.S., China trade fire on tariffs Companies and trade groups in the United States and China have expressed concern over how the escalating trade spat between the world's two biggest economies could affect operations. After news of the American tariffs broke on Friday, National Association of Manufacturers President and CEO Jay Timmons released a statement calling for a bilateral trade agreement. [Full Article...]

Elizabeth Holmes reportedly steps down at Theranos after criminal indictment

Elizabeth Holmes reportedly steps down at Theranos after criminal indictment The indictments , on nine counts of wire fraud and two counts of conspiracy to commit wire fraud, completes the startup's fall from Silicon Valley darling to cautionary tale. "Ms Holmes remains with the company as founder and chair of the board", the statement said. Theranos's former president Ramesh "Sunny" Balwani was also charged. [Full Article...]

One of two Kansas City sheriff's deputies shot during inmate transport dies

One of two Kansas City sheriff's deputies shot during inmate transport dies The suspect was also shot during the confrontation in a gated area near the Wyandotte County Courthouse in Kansas City, Kansas. The wounded officer and the suspect were undergoing surgeries Friday afternoon. We are standing with you, ' the Johnson County Sheriff's Office tweeted. One Kansas sheriff deputy is dead and another is in critical condition after a shooting near a courthouse in Kansas C... [Full Article...]

The internet trolls IHOP after name change

The internet trolls IHOP after name change And it doesn't stop there. Twitter users also didn't think IHOP's switch to burgers cut the mustard either. To learn more about the company's pivot in menu, we got in touch with IHOP's spokesperson, Stephanie Peterson. The restaurants already had burgers. You can't just go from pancakes to burgers! "Burgers so burgerin' good, we changed our name to IHOb ". Well, name changes aren'... [Full Article...]

China suggests sanctions relief for N. Korea after U.S. summit

China suggests sanctions relief for N. Korea after U.S. summit U.S. President Donald Trump's declaration on Tuesday that he meant to end joint military exercises with South Korea took South Korean and U.S. military officials by surprise. That's not part of the equation. About 28,500 USA troops are stationed in South Korea, a legacy of the Korean War, which ended in 1953 in an armistice that left the two Koreas technically still at war. [Full Article...]

Bitcoin's Price Is Below $7K And (Some) Hodlers Aren't Happy

Bitcoin's Price Is Below $7K And (Some) Hodlers Aren't Happy The hack understandably sent shivers running through owners of cryptocurrencies, as their coins are only as safe as the security a crypto exchange has in place. Coinrail noted that two-thirds of the stolen Bitcoins were withdrawn or frozen through partnerships with related cryptocurrency exchanges and coin companies. [Full Article...]

ZTE agrees to pay $1 billion fine to stop US Denial Order

ZTE agrees to pay $1 billion fine to stop US Denial Order On Tuesday, Commerce Department spokesman James Rockas confirmed that "no definitive agreement [had] been signed by both parties". Sources say the preliminary deal includes a $1 billion fine against the Chinese company and an additional $400 million in escrow in the event of future violations. [Full Article...]

US reaches deal to rescue Chinese telecom company ZTE

US reaches deal to rescue Chinese telecom company ZTE The deal stipulates that ZTE will overhaul its board of directors and executive team in 30 days. Since then, President Trump and his friends have stepped in to help ZTE stay alive, even though there is bipartisan agreement that the U.S. [Full Article...]

From bourbon to boats, Mexico strikes back against United States steel tariffs

European allies have urged Trump to reconsider. The summit on Friday and Saturday in Charlevoix, Quebec, will be the first chance that G7 leaders will have to confront Trump in person since he imposed tariffs on steel and aluminum imports from Canada, Mexico and the European Union last week. [Full Article...]

Tesla reveals plans to build electric cars in new Shanghai 'Gigafactory'

Tesla reveals plans to build electric cars in new Shanghai 'Gigafactory' Tesla has been struggling to ramp up production of its new Model 3 sedan , which is crucial to the company's long-term profitability. In the wake of several high profile crashes and frustrating production schedules, this year's annual Tesla shareholders' meeting was slightly more tense than ones before it. [Full Article...]

David Koch is leaving Koch Industries, stepping down from Americans for Prosperity

David Koch is leaving Koch Industries, stepping down from Americans for Prosperity The worry remains that Trump may just be getting started. According to Forbes magazine, each is worth about $60 billion. That's still a small increase, but one that might get the attention of the Federal Reserve, which could spur more aggressive policy tightening. [Full Article...]

Howard Schultz stepping down as Starbucks chairman

Howard Schultz stepping down as Starbucks chairman He became Starbucks' executive chairman previous year, handing the chief executive job to Kevin Johnson at a time when growth in Starbucks' dominant USA market was showing signs of cooling. "But I'm a long way from making any decisions about the future". He also credited the company with "balancing profitability and social conscience, compassion and rigor, and love and responsibility". [Full Article...]

Microsoft acquires software development platform GitHub for $7.5B, exodus begins

Microsoft acquires software development platform GitHub for $7.5B, exodus begins Microsoft is reportedly buying the code-sharing site GitHub, a developer-focused startup that has become a crucial part of the programming industry since it was founded in 2008. Now, assuming Bloomberg's report holds, the code repository service and developer community will be absorbed by Microsoft. Other coders are then able to tinker with and improve the code. [Full Article...]

Liveblog: Apple’s WWDC 2018 keynote is on June 4

Liveblog: Apple’s WWDC 2018 keynote is on June 4 As before you need an Apple device to watch the WWDC 2018 keynote live. However, following that leak from the end of December, blogger John Gruber explained last month that Marzipan is more like a declarative control API, and noted that it likely won't materialize until iOS 13 arrives in 2019 . [Full Article...]

European Union - Italy's populist government prepares to face parliament vote

European Union - Italy's populist government prepares to face parliament vote Both parties campaigned on a policy platform that was characteristically hostile toward the European Union and the euro. She said while cohesion among members of the single currency bloc was important, "solidarity among euro partners should never lead to a debt union, rather it must be about helping others to help themselves". [Full Article...]

Google Project Maven AI contract won’t be renewed in 2019

Facing both public pressure and unrest from within its own company, Google will not renew its contract to help build artificial intelligence tools for the military, according to a report by Gizmodo's Kate Conger . Project Maven has sparked an intense debate within the company about Google's corporate ethics. But Google didn't have it-so it had to rely on other geospatial imagery for i... [Full Article...]

Fiat Chrysler CEO lays out grand plan before he retires

Fiat Chrysler CEO lays out grand plan before he retires The full-EV Alfieri will have a top speed of 300+ kp/h, or more than 186 miles per hour, and a 0-62 miles per hour time of less than 2.0-seconds. Notably absent were the marquee brands: Fiat and Chrysler , which both represent the less-profitable passenger cars now off consumers' radar, particularly in the United States, where Fiat Chrysler makes more most of its profits, but also in fa... [Full Article...]

Davenport Sears store on closing list

Davenport Sears store on closing list Even though the current retail environment is hard for many retailers, Sears' performance has been much worse than its rivals. Liquidation sales at the store will begin on June 14. The chairman and CEO of Sears Holdings is hedge fund manager Eddie Lampert, who is also both the company's biggest investor and a major lender. The former retail giant reported a $424 million first-quarter los... [Full Article...]

'Seller' posts Trans Mountain pipeline on Craigslist

'Seller' posts Trans Mountain pipeline on Craigslist The federal government's decision to buy the assets of the Trans Mountain pipeline for $4.5 billion prompted swift reaction Tuesday from local First Nations who are opposing the project. Canada has announced it will purchase the Trans Mountain pipeline from developer Kinder Morgan to ensure it is completed. The company's announcement ramped up the fight over the contentious project, whic... [Full Article...]

Leaders of two Koreas hold surprise meeting to discuss Trump-Kim summit

Leaders of two Koreas hold surprise meeting to discuss Trump-Kim summit Trump rapidly tweeted that the statement was "very good news" and told reporters that "we're talking to them now". "We would like to do it", Trump said, and "they very much like to do it". Until this point, it's been unclear whether Kim is willing to agree to a timetable for abandoning his nuclear weapons program and what demands he will have for the United States in return. [Full Article...]


« Previous 1 2 3 4