Business


Elon Musk says first tunnel is nearly done, opens December 10: tweet Elon Musk says first tunnel is nearly done, opens December 10: tweet
- October 22, 2018

As said, it's a pretty ballsy move from Musk, who was only recently fined $20 million and ordered to step down as Tesla chairman for a period of at least three years following a false and misleading tweet that he was planning on taking the company private, which led to chaos on the market and caused panic for investors, prompting the SEC, a USA government regulatory body, to sue for alleged securities fraud. (more...)
Porsche putting second EV into series production; derivative of Taycan Porsche putting second EV into series production; derivative of Taycan
- October 22, 2018

The vehicle is a derivative of the Taycan , which was originally known as the Mission E ( earlier post ). The concept has plenty of details which will no doubt be removed or toned down (the show vehicle had a drone installed in the boot, for Pete's sake), but it has been described by Porsche as "road ready" and was even road-tested by a few outlets earlier this year. (more...)
Charlie Collier named CEO of entertainment at Fox Charlie Collier named CEO of entertainment at Fox
- October 22, 2018

But the ratings for one of those smashes, " The Walking Dead ", have dropped precipitously in recent months, and AMC has had trouble finding a suitable replacement.The Fox network, whose ratings have exploded this season thanks to "Thursday Night Football", was expected to lean heavily on live event programming once it was divorced from its television studio. (more...)
Lithium Compounds Market Overview and Structure Analysis to 2017 Lithium Compounds Market Overview and Structure Analysis to 2017
- October 22, 2018

The report discusses key factors influencing the market growth. Insights from competitive research analysis will provide a competitive advantage to industries/clients in the Primary Lithium Batteries industry. The Global " Lithium Metal Market " report offers a general idea of the present scenario of the global market. To start with, the Lithium Compounds definition, classification and industry value chain included in this report . (more...)
NY court orders crypto scammer to pay $3 million NY court orders crypto scammer to pay $3 million
- October 22, 2018

The matter is the first ever anti-fraud proceedings concerning Bitcoin taken up by the Commodity Futures Trading Commission ( CFTC ). When the public suspected that the company must have had profit in the recent time, reports were drawn up but with a different conclusion. (more...)
Canadian inflation slows to 2.2 percent in September Canadian inflation slows to 2.2 percent in September
- October 22, 2018

In its most recent forecasts released in July, the central bank estimated inflation would average 2.5% in the third quarter - which ends in September - before returning back to near the 2% target by 2019. Hotel rates were also down 5.2 per cent compared with a year ago. Traveler accommodation service prices were down 6.2 percent last month. "All of these soft sectors combined to clip core inflation as well, although the easing there was much less dramatic than in the headline tally", Porter ... (more...)
How did Canada do during the first days Cannabis was legalized? How did Canada do during the first days Cannabis was legalized?
- October 21, 2018

Is the legalization of recreational pot, or its more benign term cannabis , an exploitation of our country's youth and "wanna be" greedy entrepreneurs under the guise of keeping our children safe from black market pot dealers? Canada became the second on Wednesday and its size and global standing likely will encourage others to follow. (more...)
Postal strike could start Sunday at midnight Postal strike could start Sunday at midnight
- October 21, 2018

The latter has been due to the growing popularity of online shopping. There are a number of sticking points that still need to be worked out between the two sides. However, on Saturday, the corporation refused a proposal to evaluate postal routes by the volume of mail, Gélineau said. A countdown clock of the potential strike has been put on the union's website . (more...)
Stock's Report of the Day - Barrick Gold Corporation (ABX)
- October 21, 2018

AT&T Inc. (NYSE:T) reported $0.91/share EPS for the previous quarter where analysts were predicting an EPS to be $0.85/share Thus beating the analyst Estimates with a Surprise Factor of 7.1 Percent. For example, a 20-period moving average is the average of the closing prices for the past 20 periods, including the current period. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. (more...)
Trading Watch: Checking the Numbers on Shares of Pieris Pharma (PIRS) Trading Watch: Checking the Numbers on Shares of Pieris Pharma (PIRS)
- October 21, 2018

The Canopy Growth Corporation exchanged hands with 12373253 shares compared to its average daily volume of 12.11M shares. Historical Performance Review: To understand the smudge picture investors will must to look a little deeper. Canopy Growth Corporation (NYSE: CGC ) belongs to Healthcare sector as shares collapsed -3.51% to trade at $48.91 in the last beat. Forward P/E of Canopy Growth Corporation is standing at 0. (more...)
Mega Millions, Powerball jackpots reach nearly $1 billion combined Mega Millions, Powerball jackpots reach nearly $1 billion combined
- October 21, 2018

Free Mega Millions tickets are available Tuesday ahead of one of the game's largest drawings. The jackpot has been growing since July, when a group of California office workers won $543 million. So how can you play Powerball and Mega Millions from outside the United States? It wasn't too long ago a Michigander won the Mega Millions. "I mean, I am struggling to pay bills big time so it would definitely be helpful". (more...)
Friday Lotto Max draw has record $113 million in prizes
- October 21, 2018

However, the $60-million main prize - along with 53 individual prizes of $1 million - makes tonight's draw a record breaker. The massive Mega Millions jackpot in the US has soared to a whopping $1-billion, that's the second-largest lottery prize in USA history, and it continues to grow. (more...)
Existing Home Sales Drop 6th Consecutive Month Existing Home Sales Drop 6th Consecutive Month
- October 21, 2018

Hurricane Florence dragged sales in North Carolina, but even excluding the storm's effects, sales would fallen more than 2 percent. Existing-home sales dropped in all regions compared to past year. The Columbus Realtors trade association says almost 26 hundred homes were sold in its multi-county region last month, down from more than 32 hundred in August. (more...)
Breathing space for Philip Hammond as borrowing hits 16-year low Breathing space for Philip Hammond as borrowing hits 16-year low
- October 21, 2018

The deficit stood at £19.9bn for the year to September, £10.7bn less than the same period a year ago and the lowest year-to-date since 2002. According to the Office for National Statistics, a small drop in corporation tax receipts and a decline in stamp duty on the sale of homes was offset by a rise in income tax payments and VAT receipts, driven by the World Cup and summer high street spending. (more...)
Ryanair passenger reported to police after racist tirade
- October 21, 2018

In the dramatic footage, which has been viewed more than one million times on Facebook, the man can be heard shouting at the woman to move seats while her daughter tries to stand up to him, telling him her mother is disabled. As for me, I'm upset about the whole thing too - the fact that the passenger wasn't taken off the plane and how the situation was dealt with, ' she said. (more...)
Amazon to create up to 1,000 new jobs at three United Kingdom sites Amazon to create up to 1,000 new jobs at three United Kingdom sites
- October 21, 2018

In the latest phase of Amazon's United Kingdom expansion, the firm said it was also creating space for 250 more high-skilled roles in Edinburgh , where it is taking three floors of the Waverley Gate building. The development centre in Edinburgh will gain the capacity for 250 new roles on three floors in the city's Waverley Gate building. The site will be Amazon's first United Kingdom corporate office outside of London. (more...)
European Commission approves GitHub acquisition by Microsoft European Commission approves GitHub acquisition by Microsoft
- October 21, 2018

The EU's rather complimentary approval comes just a few days ahead of Microsoft's latest quarterly earnings report where we can be sure to hear of early plans incorporating the purchase into one of many business sectors the company reports on. (more...)
Toyota urges UK, EU to avoid no-deal Brexit 'at all costs' Toyota urges UK, EU to avoid no-deal Brexit 'at all costs'
- October 21, 2018

In an unusually strongly-worded statement , Akio Toyoda , Toyota boss and chairman of Japan Automobile Manufacturers Association (JAMA), highlighted the growing "apprehension" that an agreement will not be reached. "We also ask that flexible responses be implemented to ensure a smooth transition for all relevant systems following the UK's withdrawal, enabling minimal impacts on business activities". (more...)
Call for accelerated ban on petrol and diesel vehicle sales Call for accelerated ban on petrol and diesel vehicle sales
- October 21, 2018

MPs on the Business, Energy and Industrial Strategy Committee have said more efforts need to be made to improve the UK's charging infrastructure in order to facilitate the roll-out of EVs. Ministers also come under fire in the report for the recently announced "sudden and substantial cuts" to grants for plug-in vehicles, and the committee calls for current levels of support to be maintained. (more...)
Longtime tech analyst makes a very bullish call on Apple (AAPL) Longtime tech analyst makes a very bullish call on Apple (AAPL)
- October 21, 2018

The analyst noted that Apple's decision to release three new iPhone models while discontinuing all other older versions this year suggests the company is determined to "catalyze fence-sitting iPhone customers onto their next smartphone" and capture the upgrades among customers that have chose to bypass previous models. (more...)
Numbers Drawn for $476-Million Powerball Jackpot Numbers Drawn for $476-Million Powerball Jackpot
- October 21, 2018

The winning numbers were: 16, 54, 57, 62, 69, and Powerball 23. The potential Powerball jackpot has now climbed to $620 million for Wednesday's drawing. If there is a victor, they will get the 13th largest payout in history. The odds of winning the Mega Millions jackpot are one in 302,575,350, but the odds of winning any of the lesser prizes are one in 24 . (more...)
Ryanair Adds Agreements With More Pilots Ryanair Adds Agreements With More Pilots
- October 21, 2018

Irish LCC Ryanair has signed an agreement with the Portuguese pilot union SPAC covering seniority and base transfer agreements for its directly employed pilots in Portugal , and paving the way for negotiations on a full collective labor agreement to begin before the end of October. (more...)
Disney to open new nature-themed resort in Florida Disney to open new nature-themed resort in Florida
- October 21, 2018

Trilogy Capital Inc. purchased a new stake in Walt Disney during the first quarter valued at approximately $107,000. Live Your Vision LLC grew its holdings in Walt Disney by 91.6% in the 2nd quarter. The Steel Dynamics, Inc . exchanged hands with 6867685 shares compared to its average daily volume of 2.22M shares. The stock traded with the volume of 6.22 Million shares yesterday. (more...)
Intu Properties considering £2.91bn takeover offer | 19 October 2018 Intu Properties considering £2.91bn takeover offer | 19 October 2018
- October 21, 2018

It will issue a trading update for the period from 1 July 2018. Olayan has 2% of Intu's shares, and also owns 25% of Peel, having bought into the company as part of a property acquisition in 1987. Intu is behind major shopping destinations such as Manchester's Trafford Centre and the Metrocetre in Gateshead, among others. "Accordingly, should any offer on the terms of the Revised Indicative Proposal be forthcoming the consideration would be 210.4 pence per share and may be reduced further by ... (more...)
Australia’s unemployment rate at six-year low Australia’s unemployment rate at six-year low
- October 21, 2018

The strength was concentrated in full-time jobs (+20.3k), while part-time jobs fell (-14.7k). The unemployment rate in Washington is the lowest it's been in forty-two years. "Recent global experience indicates that the unemployment rate could decline further than historical experience would suggest before we see a material increase in wages growth", Deputy Governor Guy Debelle said in a speech about the labor market on Wednesday. (more...)

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