Business


IATA: Number Of Airline Passengers Could Double To 8.2 Billion In 2037 IATA: Number Of Airline Passengers Could Double To 8.2 Billion In 2037
- October 27, 2018

However, the UK's Civil Aviation Authority and the European Union have negotiated a "bare bones" agreement to ensure that a minimal level of service can be provided after March 29. But IATA said it did not expect flights to be grounded in a no-deal Brexit. India, now the world's seventh largest aviation market , is set to become the third largest aviation market by 2024, said International Air Transport Association (IATA), a global airline trade body, in its 20-year air passenger forecast. (more...)
FBI conducting criminal investigation into Tesla FBI conducting criminal investigation into Tesla
- October 27, 2018

But in both cases, these were investor lawsuits, not criminal investigations, and the DOJ clearly believes there's reason to suspect Tesla's plans for an aggressive 2017 ramp (it unveiled its own projected timeline in February 2017) crossed the line from "Elon setting aggressive goals" to "Tesla covering up evidence that should have been disclosed". (more...)
Here is AT&T's First Mobile 5G Device
- October 27, 2018

It turns out Netgear makes the puck , which is officially called the Netgear Nighthawk 5G Mobile Hotspot. "We remain on track to be the first carrier to introduce mobile 5G services in the USA ... They are referring to the 3GPP 5G NR standard while also taking a subtle shot at Verizon for using their own non-standards-based 5G solution for its 5G Home service. (more...)
New Fed vice-chair signals more US rate hikes ahead New Fed vice-chair signals more US rate hikes ahead
- October 27, 2018

The Fed has been slowly raising rates this year to protect against higher inflation or financial bubbles. Trump last week called the Fed his "biggest threat" and blamed it for stock market sell-offs during the past month. Markets widely expect another rate move in December and three or four next year. The combination of higher interest rates and slowing growth is positive for the dollar. (more...)
United States economy grows faster than expected
- October 27, 2018

This was the Department's first estimate of third-quarter GDP growth. There were also decreases in exports of petroleum and nonautomative capital goods. The core PCE price index rose at a 2.1 pace in the April-June period. The overall figure was slightly higher than many economists had been projecting, and puts the US on track to hit an average of 3 percent GDP growth for the year-a psychologically important figure that President Donald Trump has promised as a result of his economic policies. (more...)
Snapchat shed 2 million more users in Q3, but there is hope Snapchat shed 2 million more users in Q3, but there is hope
- October 27, 2018

But the key figure of daily active users was 186 million, a drop of one million from the past quarter and a rise of just five percent from a year ago. Spiegel said the company planned to add users by going after older users in the United States and Europe and expanding internationally to reach 13 to 34-year olds, the app's core demographic. (more...)
Winning tickets from Powerball drawing sold in Oklahoma Winning tickets from Powerball drawing sold in Oklahoma
- October 26, 2018

That means he won about $7,000, before taxes. "I started screaming when she told me", McNeely told lottery officials. "I thought he was confused, maybe from pain meds". A Plant City man claimed the $3 million prize from the Mega Millions drawing that was held on October 23. Patel says he has no idea who bought the winning ticket for Tuesday night's Mega Millions drawing. (more...)
Ryanair seeks to deflect criticism of racist incident Ryanair seeks to deflect criticism of racist incident
- October 26, 2018

MORE: Teenage boy, 15, died in frozen field after inexplicably skipping schoolMORE: Shepherd's delight! Mesher said if he had the chance to talk to Gayle he said he would apologize for "all the distress you've had there and since". The airline provided police with a copy of the video and relevant details of the two passengers involved. The airline, saying it was issuing the statement to dispel "false claims" that it did not respond quickly, said the Spanish crew were not aware of the ... (more...)
Central Intelligence Agency chief hears 'compelling' audio that 'captured' Khashoggi's murder Central Intelligence Agency chief hears 'compelling' audio that 'captured' Khashoggi's murder
- October 26, 2018

French President Emmanuel Macron told King Salman in a phone call on Wednesday that Paris, in coordination with partners, could take action against those held responsible for the murder, the Elysee palace said . Canada's relationship with Saudi Arabia became strained in August, when Riyadh suspended diplomatic ties with Canada and expelled the Canadian ambassador after Foreign Affairs Minister Chrystia Freeland criticized the regime on Twitter for its arrest of social activists. (more...)
Lexus, Toyota top Consumer Reports reliability rankings as U.S. brands stumble Lexus, Toyota top Consumer Reports reliability rankings as U.S. brands stumble
- October 26, 2018

The Tesla Model S electric sedan actually lost its recommended status because Consumer Reports' members reported problems with the car's air suspension and body hardware - such as the car's door handles. Ford was the top-ranked American brand at No. 18, down three slots compared to past year. "With this added complexity, it's not surprising to see some brands struggling to get them right, particularly the ones that don't have a long history of producing turbos", Fisher said. (more...)
China 'creates two billionaires a week' China 'creates two billionaires a week'
- October 26, 2018

To put that 19% in perspective, the average pace of growth over the last five years has been 9%. In Europe, the number of billionaires went up by 16 to 414 in 2017. It showed that a total of 199 new billionaires were created over the year globally. And according to Castor Pang Wai-sun, head of research at Core Pacific-Yamaichi, more caution resulting from uncertainty surrounding the trade war and potentially less spending power could harm the growth of billionaires even further. (more...)
Twitter shares hit biggest one-day gain as ad sales surge Twitter shares hit biggest one-day gain as ad sales surge
- October 26, 2018

The San Francisco group delivered a $789 million profit, including one-time gains, compared to a net loss of $21 million in the previous year. Investors pay close attention to monthly user data because it is seen as a key indicator of future revenue, the bulk of which comes from ad sales. (more...)
Amazon sees slower worldwide growth, cites late Diwali sales Amazon sees slower worldwide growth, cites late Diwali sales
- October 26, 2018

Net-net, Devitt reiterates a Buy rating on Amazon stock, with a price target of $2,525, which implies an upside of 41% from current levels. It should be noted that 15% year-over-year revenue growth would be the lowest reading on that line since the end of 2014 and one of the worst showings in the last decade . (more...)
European Commission rejects Italian government's spending plans European Commission rejects Italian government's spending plans
- October 26, 2018

This represents some 131 percent of Gross Domestic Product (GDP), the biggest rate in the eurozone after Greece. Italy's public debt stood at 131.2 per cent of GDP at the end of previous year, the highest ratio in the Eurozone after Greece's. (more...)
Wall Street opens higher after volatility Wall Street opens higher after volatility
- October 26, 2018

The Nasdaq's fall on the day pushed the index into correction territory. The Commerce Department said orders to USA factories for major manufactured goods grew in September, and the increase was larger than analysts expected. The index is now down for the year. Energy stocks fell 3.50 percent, the most among the sectors, as oil prices plunged after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of US sanctions on Iran. (more...)
Volkswagen T-Cross - Meet Germany's rival to the Hyundai Kona Volkswagen T-Cross - Meet Germany's rival to the Hyundai Kona
- October 26, 2018

The new model rides on the same platform as the sixth generation VW Polo and the VW Virtus - MQB A0. The cabin is very similar to the Polo's , also offering VW's Active Info Display digital instrument cluster and a modern touchscreen infotainment system behind tempered glass. (more...)
Google sacks dozens over sexual harassment Google sacks dozens over sexual harassment
- October 26, 2018

According to the email, none of the 48 employees who were terminated received an exit package. Andy Rubin , creator of Android operating system, has said in a tweet that theNew York Times article claiming he was accused of sexual misconduct at Google, contains "numerous inaccuracies". (more...)
'Tainted' Saudi prince ruins Trump's Middle East plans 'Tainted' Saudi prince ruins Trump's Middle East plans
- October 26, 2018

Khashoggi was killed in the Saudi Consulate in Istanbul earlier this month . Saudi Attorney General Saud al-Mojeb said investigators concluded that Khashoggi's killing was a premeditated crime after reviewing evidence presented by Turkish officials as part of a joint investigation, according to a statement on the state-run Saudi Press Agency. (more...)
CIA Director Reportedly Hears Audio of ‘premeditated’ Khashoggi Killing CIA Director Reportedly Hears Audio of ‘premeditated’ Khashoggi Killing
- October 26, 2018

On Thursday, the Saudi version of events shifted again, when the Saudi prosecutor said the journalist's murder was premeditated . President Donald Trump has said that if anyone in Saudi Arabia knew about what had happened, "it would be" the crown prince. (more...)
Two Mega Millions tickets worth $1 million prize sold in MI Two Mega Millions tickets worth $1 million prize sold in MI
- October 26, 2018

The $1.6 billion Mega Millions winning lottery ticket was sold in SC. Someone in SC is waking up this morning a new billionaire. The jackpot numbers were: 28, 70, 5, 62, 65, with a Mega Ball of 5. In South Carolina, Mega Millions winners have 180 days from the date of the drawing to claim their prize. The Mega Millions draws - tickets are sold in 44 US states, the District of Columbia and the US Virgin Islands - have failed to produce a top prize victor since July. (more...)
In Canada began a bad fuss for the legalization of cannabis In Canada began a bad fuss for the legalization of cannabis
- October 25, 2018

The head of the state program on marijuana legalization bill Blair noted that the country was unable to meet the demand of the population, and the stores brought enough cannabis . Less than a week after marijuana legalization was put into effect, retail shops across Canada are struggling to keep enough stock, with many shops having to turn away customers due to depleted inventories. (more...)
Microsoft Wants to bring Xbox Games Pass to PC Microsoft Wants to bring Xbox Games Pass to PC
- October 25, 2018

There are plenty of older titles in that library, but at this year's E3, Microsoft announced that all of its first-party titles would come to Game Pass simultaneously with the rest of their release, meaning players have been able to access Sea of Thieves and Forza Horizon 4 nearly straight away. (more...)
9.4 million customers affected by Cathay Pacific security breach 9.4 million customers affected by Cathay Pacific security breach
- October 25, 2018

The airline's shares sank the most in nearly two years, shaving $201 million off its market value, after the Hong Kong-based carrier disclosed the unauthorized access late Wednesday, seven months after discovering the violation. CEO Rupert Hogg said the airline had "no evidence that any personal data has been misused". United Kingdom official says ICO has been receiving 500 calls a week to the agency's breach reporting line since May 25, the day the new GDPR regulation entered into effect. (more...)
CIA director heard recording of Khashoggi killing during Turkey visit- two sources CIA director heard recording of Khashoggi killing during Turkey visit- two sources
- October 25, 2018

Bad deal". President Trump, while acknowledging the Saudi's role as a US ally in the Middle East , has expressed doubts on the kingdom's claim of non-complicity. " Haspel , who departed for a secret trip to Turkey on Monday, heard the audio during her visit, according to people familiar with her meetings", said the USA daily. (more...)
‘Gold diggin’ dog cons McDonald’s customers into giving her food ‘Gold diggin’ dog cons McDonald’s customers into giving her food
- October 25, 2018

Reyes shared photographic evidence of her sneaky dog sitting in the local McDonald's parking lot at night. May I take you order? "If you see my dog @ the McDonald's on shields, quit feeding her fat a** bc she don't know how to act & be leaving the house all the time to go walking to McDonald's at night", Reyes wrote. (more...)

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