Business


Former spokesperson: Obama should take credit for economy
- September 11, 2018

Trump fired back at his own rally, saying "it wasn't Obama", and accused the former president of "trying to take credit for this incredible thing that's happening". Official data show this has happened frequently in the post-World War II era, according to AFP fact-checking, and the White House acknowledged Monday the tweet was incorrect. (more...)
Hundreds of Roman gold coins discovered in Italian theatre Hundreds of Roman gold coins discovered in Italian theatre
- September 11, 2018

The coins were discovered last week, according to Ministry of Cultural Heritage and Activities, and were transferred to the Mibac restoration laboratory in Milan where archaeologists and restorers will examine them. However, authorities now plan to put a pause on the construction work in order to facilitate further excavations of the site in case other ancient treasures lay hidden in the soil, AFP reports quoting local media. (more...)
Gemini Launches NYDFS-Regulated Crypto Pegged to the Dollar Gemini Launches NYDFS-Regulated Crypto Pegged to the Dollar
- September 11, 2018

NY state on Monday approved Gemini Trust Company's and Paxos Trust Company's dollar-linked digital currencies, the first stablecoins to get the nod from the region's regulator. The issuer is Gemini Trust Company (a NY trust company). That one is called Paxos Standard, and it is set to be audited by Withum, a New Jersey-based accounting firm. (more...)
Aussie miners discover massive gold nuggets worth $16.5m Aussie miners discover massive gold nuggets worth $16.5m
- September 11, 2018

The biggest specimen weighed 95kg and contained more than 2,400 ounces of gold. More than 9,000 ounces, or $10 million worth of gold, were recovered in a four-day period. The entire haul, Selby said, was also extracted from a relatively small area. The senior geologist on the job, Zaf Thanos, told Australia's ABC News that it's usually only possible to see gold through a magnifying glass in most mines. (more...)
NAB opts against raising mortgage rates NAB opts against raising mortgage rates
- September 11, 2018

It chose to stay put with the interest rate to rebuild the trust of customers. After the other majors - Westpac , CBA and ANZ - each lifted mortgage rates by around 15 basis points over the past fortnight, NAB has left rates unchanged. (more...)
Increasing Continuously Fuel prices reach new high Increasing Continuously Fuel prices reach new high
- September 11, 2018

AICC Chhattisgarh in-charge and senior leader PL Punia, state Congress chief Bhupesh Baghel joined the party workers in Raipur in appealing to businessmen to down their shutters. The current price hike across the country, is a result of multiple factors including the worldwide geopolitical situation, a diving rupee, but most importantly, the government's unrelenting tax regime and the silence of its ministers over the issue. (more...)
China threatens RETALIATION after Trump warns of fresh tariffs in trade war
- September 10, 2018

The automaker decided a couple years back to shift production of the Focus to Mexico, then last year it opted for China instead. Over the weekend, he suggested in a tweet that Apple move its manufacturing plants to the U.S.to avoid tariffs in the simmering trade war between the USA and China. (more...)
China promises to retaliate if U.S. imposes more tariffs
- September 10, 2018

A day earlier, the president exhorted Apple to start building new plants in the USA after the tech giant warned that a proposed US$200 billion in new tariffs on Chinese imports would jack up the price of its products. consumers". In August, China unveiled a proposed list of retaliatory tariffs on $60 billion of USA goods ranging from liquefied natural gas to some types of aircraft, should Washington activate the tariffs on its $200 billion list. (more...)
Trump Tells Apple to Make Products in United States to Avoid China Tariffs Trump Tells Apple to Make Products in United States to Avoid China Tariffs
- September 10, 2018

President Donald Trump tweeted Saturday that there's a simple solution: just make the products in the United States where there'd be zero tariffs. CEO Tim Cook said in July that those measures had no effect on Apple. "The days of the US being ripped-off by other nations is OVER!" Apple's AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies. (more...)
Petrol, diesel prices hiked again on Monday Petrol, diesel prices hiked again on Monday
- September 10, 2018

Petrol price reached Rs 80.50 per litre in New Delhi , whereas in Mumbai, buyers have to pay Rs 87.89 for every litre of petrol. Diesel price in New Delhi was at Rs 72.61 per litre on Sunday, whereas in Mumbai, it rose to Rs 77.09. Retail prices of fuels vary depending on local taxes, dealer commissions and the costs incurred in transporting them from refineries. Now, Shiv Sena has joined the mix too, criticising the government for its inability to put a check on the fuel prices. (more...)
Lyft Launches Scooter Service, Uber Soon to Follow Lyft Launches Scooter Service, Uber Soon to Follow
- September 10, 2018

It's $1 to unlock a scooter and 15 cents a minute for a ride. The City of Norfolk has impounded the scooters until officials can have a meeting with Bird . They'll also have the opportunity to launch another 2,500 in low-income neighborhoods, and up to 5,000 more in pockets of the San Fernando Valley. Ride-sharing companies are joining in on the electric scooters trend as a mode of transportation in major cities. (more...)
Alibaba Co-Founder Jack Ma Announces Retirement: 10 Things To Know Alibaba Co-Founder Jack Ma Announces Retirement: 10 Things To Know
- September 10, 2018

Zhang, 46, has been in the job since 2015 after serving as chief operating officer and is known as a key architect of Alibaba's "Singles Day", the November 11 event that has become the world's largest online shopping event. Last year Ma invested 300 million yuan ($45 million) in a rural education project in China. Mr Ma will remain a director on Alibaba's board for now and a permanent member of the Alibaba Partnership, according to the South China Morning Post . (more...)
Apple says China tariffs would hit Apple Watch, Air Pods Apple says China tariffs would hit Apple Watch, Air Pods
- September 10, 2018

The tweet came after Apple warned that Trump's proposed tariffs on $200 billion of Chinese-made products would affect the company. The two sides launched another salvo on August 23, imposing duties on United States dollars 16 billion worth of products from each country. (more...)
Tesla shares sink after key executives exit Tesla shares sink after key executives exit
- September 10, 2018

Rogan asks if he wants some, but adds that Musk probably can't because of stockholders, nearly daring him. Over the course of the interview the men discussed a variety of topics including: the future of humanity and artificial intelligence, Tesla , SpaceX, Musk's controversial merchandising decision to produce 20,0000 flamethrowers at $500 a pop, human kindness and love. (more...)
Canada Sheds Jobs in August, Pushing Jobless Rate To 6.0% Canada Sheds Jobs in August, Pushing Jobless Rate To 6.0%
- September 10, 2018

Analysts surveyed by Reuters had expected the economy to add 5,000 jobs in August and for the unemployment rate to increase to 5.9 percent. The unemployment rate was 6.0 per cent compared with 5.8 per cent in July. ( Employment - By the thousands) There were 18,631,000 people employed in Canada in August, a drop of 0.3 percent. "This was yet another month of jobs numbers with odd details", TD senior economist Brian DePratto said in a note to investors. (more...)
Family's 'Amazing' Escape After Falling Onto Tube Tracks As Train Approaches Family's 'Amazing' Escape After Falling Onto Tube Tracks As Train Approaches
- September 09, 2018

The station was evacuated and trains suspended as a result of the incident. "She, the buggy and the child fell onto the track". They were also very lucky not to have been electrocuted by the live rail'. 'Amazingly none of them were seriously hurt, but as a precaution they were taken to hospital for check-ups'. The statement added that the three were "extremely fortunate" to have the time to move into the pit - usually about a metre-deep - allowing the train to pass safely over them. (more...)
Trudeau considers appealing court’s decision to quash Trans Mountain pipeline Trudeau considers appealing court’s decision to quash Trans Mountain pipeline
- September 09, 2018

Trudeau told reporters in Edmonton that Ottawa was looking at its legislative and other options after the Federal Court of Appeal last month said the government had failed to adequately consider aboriginal concerns. "It's a set of midstream assets in what we think is an attractive seller's market for those assets", he said. She said the hearings process "allows for a whole bunch of legal gamesmanship that means no certificate is ever issued". (more...)
Cedar Capital LLC Purchases 867 Shares of Wells Fargo & Co
- September 09, 2018

In the recent week Wells Fargo & Company stock price volatility was noted 1.24% while for the last month volatility was seen at 1.05%. Analyst recommend 2 for WFT and 2.5 for WFC which means WFT has Buy rating whereas WFC has Hold rating. (more...)
Western Alberta unemployment rate drops slightly
- September 09, 2018

Windsor's rate is now tenth highest among 34 larger Canadian cities. Economists had expected an increase of 5,000 jobs for August and the unemployment rate to be 5.9 per cent, according to Thomson Reuters Eikon. There was a jump in the Red Deer area unemployment rate last month. The reading represented a drop of 1.1 per cent for the province and pushed its unemployment rate up to 5.7 per cent, from 5.4 per cent. (more...)
Goldman Sachs puts crypto trading desk launch plans on hold Goldman Sachs puts crypto trading desk launch plans on hold
- September 09, 2018

It being the major cryptocurrency , BTC suffers a crucial dip and reaches the graphs by going below $7,000 price as of today as per the reports by Cointelegraph BTC price index. Bitcoin , which peaked in December 2017, when it touched $19,700 - seemed to be unstoppable back then. Most of the altcoins in the market cap range suffer from average losses with an interval of 9-12% before the press time. (more...)
Amazon Go: The cashierless store is coming to NY Amazon Go: The cashierless store is coming to NY
- September 09, 2018

On Friday, the e-commerce giant confirmed it's planning to open a branch of its cashierless store, Amazon Go , in NY. The company posted job listings for several positions, including store manager , on its website on Thursday. That was followed a few days later by a third Seattle store opening , this one in Amazon's back yard of South Lake Union. Shoppers scan the Amazon Go app as they enter a store in Seattle. (more...)
Canadian military finalizes recreational marijuana policy for troops Canadian military finalizes recreational marijuana policy for troops
- September 09, 2018

In this June 28, 2017, photo , marijuana plants grow at the Desert Grown Farms cultivation facility in Las Vegas. The statement on the armed forces website also listed signs of cannabis use that service members should look out for among their comrades, including "the smell of cannabis , glassy or red eyes, unusual talkativeness, slow reactions, inattention, lethargy, unsteady gait, poor coordination and anxiety". (more...)
Japanese brands continue to dominate in reliability survey Japanese brands continue to dominate in reliability survey
- September 09, 2018

That's less than 0.3 per cent of UK Tesla owners, so this survey is statistically meaningless. What Car? replied to Tesla's comment, saying: "Tesla owners represented 0.19 per cent of what was a very robust total sample of 18,000 United Kingdom car owners in the What Car? survey". (more...)
World's largest offshore windfarm officially opens World's largest offshore windfarm officially opens
- September 09, 2018

The MHI Vestas turbines, also in operation elsewhere, are the world's largest and produce 8 MW each. The wind farm, Orsted's 11th operational offshore wind farm in the United Kingdom, includes 87 turbines and covers an area totaling roughly 55 square miles northwest of England, Kallanish Energy reports. (more...)
Obama speaks at rally for Democratic congressional candidates in California Obama speaks at rally for Democratic congressional candidates in California
- September 09, 2018

Former President Barack Obama mentioned his successor by name in public for the first time since leaving office on Friday, saying Donald Trump was the "symptom" of a trend of resistance to positive progress. "Obama has Trump Derangement Syndrome". While Obama has endorsed candidates and appeared at fundraising events, he has previously spent much of his post-presidency on the political sidelines. (more...)

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