Money

10-Year vs 1-Month Inversion Persists

10-Year vs 1-Month Inversion Persists True, the 10-year yield has dropped below the top end of the Fed's benchmark rate-but if economic growth comes in close to the Fed's forecast of 2.1% for 2019, it's hard to imagine a deeper inversion is in the cards. In the case yields continue lower, high-duration funds will likely do the best. Bonds recouped much of their earlier price weakness after data showed US homebuilding fell more t... [Full Article...]

Lyft's IPO prices at $72 per share, leading stampede of tech unicorns

Lyft's IPO prices at $72 per share, leading stampede of tech unicorns Uber is planning to launch its IPO in April, sources have said. Uber, which is also loss-making, would be valued at about $128 billion at its IPO if awarded the same multiple as Lyft. Despite struggling to turn a profit over the years, ride-hailing service and Uber competitor Lyft decided recently to take itself public. Uber is expected to make an even bigger splash when it completes its IPO l... [Full Article...]

WOW Airlines Cancels All Flights, Strands Passengers At Logan Airport

WOW Airlines Cancels All Flights, Strands Passengers At Logan Airport Wow Air said in its statement that other airlines may offer reduced fares because of the hard circumstances. "As a result of WOW air's operational halt, we have set up discounted Economy fares for stranded passengers en route to, from, or through Iceland", states the airline . [Full Article...]

Apple announces 'Apple Card,' coming to U.S. this summer

Apple announces 'Apple Card,' coming to U.S. this summer The company said it's learned a lot about credit cards since it has been offering the Apple Pay mobile payments app. Purchases with this card get users 1 percent cash back. "I definitely see why Apple is doing this: they want to juice Apple Pay usage (Crone says PayPal/Venmo has 267 million users versus 32 million for Apple Pay)", Rossman wrote. [Full Article...]

Jet Airways founder Naresh Goyal steps down amid crisis

Jet Airways founder Naresh Goyal steps down amid crisis The SBI-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. Bidding process to be initiated by lenders for sale to new investor (s), the process expected to be completed in June quarter as per the resolution plan. [Full Article...]

Online video streaming is now more popular than cable

Online video streaming is now more popular than cable The move could also guide Netflix' strategy for other developing markets across the globe in the company's plan for world domination. The move comes amid deepening woes for the news sector facing a hard transition to the digital world where few people want to pay for information and advertising is problematic. [Full Article...]

Powerball to Be Drawn Wednesday With Jackpot Climbing to $750 Million

Powerball to Be Drawn Wednesday With Jackpot Climbing to $750 Million Eight people nationally won a match of five numbers for a $1 million prize, while two also matched the Powerplay number for a $2 million prize. Now, it will continue to grow. The buyers of three tickets shared the country's largest jackpot. "A $1,000,000 winning MEGA MILLIONS® ticket was sold in Rehoboth in January". Since the Powerball jackpot started growing in December, it has skyrocket... [Full Article...]

Why This Alzheimer’s Study Is Crushing Biogen Shares

Why This Alzheimer’s Study Is Crushing Biogen Shares It was so promising that the company was running two phase three trials simultaneously, said neurologist Dr. Richard Isaacson, who directs the Alzheimer's Prevention Clinic at Weill Cornell in NY. Aducanumab's promise prevented many investors from seeing the competitive risks to the company's multiple sclerosis and spinal muscular atrophy businesses, he said. [Full Article...]

Monsanto found responsible for cancer case by USA court

Monsanto found responsible for cancer case by USA court The Hardeman's case is considered a landmark trial for hundreds of other plaintiffs in the U.S. with similar claims, which means the verdict could affect future litigation and other cancer patients and families. The latest case has so far brought no damages award against Bayer, as jurors now have to decide whether Monsanto is liable for the harm suffered by Hardeman. [Full Article...]

Trump tells GM to 'bring jobs home' after OH plant closing

Trump tells GM to 'bring jobs home' after OH plant closing The plants affected include Lordstown in Warren, Ohio that makes the Chevrolet Cruise, the Detroit-Hamtramck Operations in Detroit, Michigan that makes the Buick Lacrosse, the Chevrolet Volt, Chevrolet Impala and the Cadillac CT6. Production at the Lordstown plant ceased earlier this month. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. [Full Article...]

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...]


« Previous 1 2 3 4 5 6 7 8 9 10  Next »