Business


Big Money Are Buying Milestone Scientific Inc (NYSE:MS), Sentiment at 0.96 Big Money Are Buying Milestone Scientific Inc (NYSE:MS), Sentiment at 0.96
- November 29, 2018

Cambridge Investment Research Advisors Inc. now owns 56,813 shares of the financial services provider's stock valued at $2,693,000 after purchasing an additional 10,807 shares during the last quarter. Also, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in each of the trailing four quarters. The business had revenue of $9.87 billion for the quarter, compared to analysts' expectations of $9.55 billion. (more...)
Calgary's rental market stages a comeback Calgary's rental market stages a comeback
- November 29, 2018

Analyst James Cuddy said Calgary's slow economic recovery may also have made it more hard for people to move into home ownership. "This represents the fourth consecutive year the average rents have increased by more than the provincially allowable (rent) increases", the report said, "which suggests that landlords, through turnover of long-term tenants, are able to increase rents to market levels that are higher". (more...)
Fed's Powell signals interest rates near neutral in speech Fed's Powell signals interest rates near neutral in speech
- November 28, 2018

In his speech to the New York Economic Club, Powell again stressed that there was "no preset policy path" for interest rates and said the central bank had moved gradually, since "moving too fast would risk shortening the expansion". The speech was focused on stability in the financial system, and Powell cited four potential vulnerabilities for the economy, including excessive leverage and debt loads in some sectors. (more...)
US Could Tariff iPhones and Laptops Imported from China US Could Tariff iPhones and Laptops Imported from China
- November 28, 2018

It paves the way for the existing 10% United States import tariff on $200bn (£158bn) of Chinese goods to increase to 25% from 1 January. "If we don't make a deal, then I'm going to put the $267 billion additional on", Trump said. Asked whether the United States economy will be hurt by tariffs, Kudlow declined to make a prediction, but said the United States is "in far better shape to weather this "than China is". (more...)
Striking new Mazda3 hatch and sedan unveiled Striking new Mazda3 hatch and sedan unveiled
- November 28, 2018

It adopts Mazda's SKYACTIV-Vehicle Architecture and comes with a choice of SKYACTIV powertrains from launch - SKYACTIV-X, SKYACTIV-G and SKYACTIV-D. Mazda says that the all-new Mazda3, revealed ahead of the Los Angeles Auto Show on Wednesday, embodies a "richer and more powerful" expression of its Kodo design language, but regardless of how one chooses to word it, the striking new design is nearly certain to prove a hit. (more...)
Italy discussing reducing 2019 deficit target Italy discussing reducing 2019 deficit target
- November 28, 2018

The apparent change of mind followed a weekend meeting in Brussels between Italian Prime Minister Giuseppe Conte and European Commission President Jean-Claude Juncker. The revelations prompted share prices in Milan to soar while a keenly watched measure of economic turmoil in Italy, the "spread" between Italian and German bond prices, fell to 280 points amid expectations of a resolution to the crisis. (more...)
Mike Novogratz makes another bullish crypto declaration Mike Novogratz makes another bullish crypto declaration
- November 28, 2018

It also made an announcement of a "repositioning" of its advisory business. For some, it has even been used as a scam. It also dragged other virtual currencies along with it. The reason is for them to consult larger institutions. Also, there are unconfirmed reports that the company has been summoned by USA regulators for yet-to-be known reasons. (more...)
'Facebook Has a Black People Problem,' Former Employee Wrote in Internal Memo 'Facebook Has a Black People Problem,' Former Employee Wrote in Internal Memo
- November 28, 2018

Facebook's Mark Zuckerberg said during a call with journalists that the company was planning to set up an independent council to make decisions on content removal, and to provide an appeal process. "Facebook's disenfranchisement of black people on the platform mirrors the marginalization of its black employees". "Too many black employees can recount stories of being aggressively accosted by campus security beyond what was necessary", Luckie said. (more...)
Maple Leaf Foods closing Brampton poultry plant, moving operations to London Maple Leaf Foods closing Brampton poultry plant, moving operations to London
- November 28, 2018

It is also getting an $8 million loan from the AgriInnovate Fund. The new facility will span almost 60,000 square metres and employ 1,450 full- and part-time workers once operations begin, which is expected in the second quarter of 2021. "We're telling the world that Ontario is open for business", he said. Maple Leaf's Brampton poultry packaging plant is located at 73 Orenda Rd. Currently, these facilities employ approximately 485 Union members at the St. (more...)
Shoppers drop billions on Black Friday and Cyber Monday Shoppers drop billions on Black Friday and Cyber Monday
- November 28, 2018

Shares of Amazon were up as much as 3.2 per cent in early trading, while those of Target rose. Mobile transactions soared, with $2.2 billion of the day's sales originating from smartphones. But as of 10:00 p.m. ET on Monday, no big USA chain had notable technical difficulties, according to outage tracker DownDetector.com. Fortunately for procrastinating shoppers, lately it's becoming wrapped up into what many retailers are calling Cyber Week. (more...)
Trump threatens to cut subsidies for GM after layoff, plant closure announcement Trump threatens to cut subsidies for GM after layoff, plant closure announcement
- November 28, 2018

General Motors Co. said it will cut more than 10,000 salaried staff and factory workers and close five factories in North America by the end of next year, part of a sweeping realignment to prepare for a future with a greater number of purely electric vehicles. (more...)
Dolce & Gabbana asks for forgiveness after Chinese racism furore Dolce & Gabbana asks for forgiveness after Chinese racism furore
- November 27, 2018

The Dolce & Gabbana sharp power saga began, ironically enough, with an Internet advertising campaign meant to demonstrate how much the company treasures its Chinese customers. This marks the second high-profile outcry over racist messaging from Dolce & Gabbana in only 18 months. Chinese consumers have flooded social media platforms Weibo and WeChat criticising the brand and posting videos and images of D&G products being destroyed, burned and used to clean floors and line animal litter trays. (more...)
Google under fire for deceptive location tracking in Europe Google under fire for deceptive location tracking in Europe
- November 27, 2018

Dutch consumers association Consumentenbond is one of the signatories to a Europe-wide complaint against internet company Google for tracking the movements of millions of users. The General Data Protection Regulation ( GDPR ), which took effect earlier this year and applies to all European Union states allowing users to exercise control of their own data, stipulates massive fines of up to four percent of global revenues for companies that break the rules. (more...)
Nasdaq May Soon Launch Bitcoin Futures in 2019 Nasdaq May Soon Launch Bitcoin Futures in 2019
- November 27, 2018

Nasdaq Chief Executive Officer Adena Friedman has previously said that if the exchange were to list Bitcoin futures, it would need to be different than the CME and CBOE, with the Chicago Board of Options Exchange basing price off just one spot exchange. (more...)
China has to treat U.S. fairly China has to treat U.S. fairly
- November 27, 2018

Apple stock is falling in Monday's after-hours session following a report that President Donald Trump may consider instituting tariffs on iPhones. Additionally, existing USA duties on Chinese imports are set to rise from 10 percent to 25 percent in January, affecting $200bn worth of imported goods. (more...)
Uber fined almost $1.2 million by Dutch, UK over data breach Uber fined almost $1.2 million by Dutch, UK over data breach
- November 27, 2018

The fines are relatively small for such an egregious violation of European privacy laws - £385,000 ($491,250) in the United Kingdom and €600,000 ($679,420) in the Netherlands. "At the time, no steps were taken to inform anyone affected by the breach, or to offer help and support", he said. Dutch officials say Uber did not report the data breach to authorities within 72 hours as required by regulations. (more...)
I Can Fly, I’m a Pilot! Small Plane Misses Destination in Australia
- November 27, 2018

It's not now known how many people were on the flight, which was the first of seven flown that day by the small plane. It said: "The issue became apparent when air traffic control was unable to contact the pilot in-flight". In a statement , the ATSB said it was reviewing the airline's operational procedures and interviewing the pilot. Investigators have classified it as a " serious operational incident " and are in the process of collecting evidence ahead of a final report. (more...)
Trump eyes more China tariffs, pushing total upwards of $500bn
- November 27, 2018

Germany's DAX index gained 0.3 percent to 11,381.78 and France's CAC 40 added 0.2 percent to 5,006.05. Moves were generally muted but Japan's Nikkei.N225 managed to add 0.8 percent and Chinese blue-chips.CSI300 rose 0.4 percent. Apple slumped 2.1 percent to $170.93 in after-hours trading, erasing its gains in the USA session. ANALYST'S TAKE: Monday's rebound of USA equities "is set to be tested as Trump has resumed his confrontational approach ahead of G-20 meeting with Xi", Zhu Huani of ... (more...)
Apple drops after Trump threatens tariffs on iPhones from China
- November 27, 2018

Analysts at National Australia Bank noted the steep retreat in oil would drag on United States inflation in coming months, perhaps offering further reason for the Federal Reserve to go slower on tightening. The US dollar remained firm for the moment at 113.60 yen, while the euro nursed losses at US$1.1328. Trump told the Wall Street Journal Monday that it's possible the US will apply new tariffs to Chinese-made consumer tech products like the iPhone. (more...)
Senate passes back-to-work legislation to end Canada Post rotating strikes Senate passes back-to-work legislation to end Canada Post rotating strikes
- November 27, 2018

Some independent senators argue that because it curtails postal workers' right to strike, the bill is an unconstitutional violation of their right to freedom of association and expression. "The strikes come at a critical period for retailers", Harder said. Canada Post said Monday that the backlog of mail and parcels is "severe" and expected to "worsen significantly" once online orders from Black Friday and Cyber Monday sales are processed. (more...)
ATM spitting out $100 bills causes chaos ATM spitting out $100 bills causes chaos
- November 27, 2018

Bank of America told ABC News a vendor did not load the bills correctly into the machine. Note: This story was previously reported as an ATM glitch that gave $100 bills instead of $20 bills. A crowd rushed to the Bank of America ATM near 1960 and I-45 hoping for some extra cash. A bank statement Monday says a vendor incorrectly loaded $100 bills in place of $10 bills. (more...)
Trudeau 'deeply disappointed' over GM's Canada plant closure Trudeau 'deeply disappointed' over GM's Canada plant closure
- November 27, 2018

Barra on Monday portrayed the decision to put five North American factories on notice for potential closure and cut almost 15,000 jobs as necessary to keep the company strong as it plows money into new technology and new businesses such as robo-taxi services. (more...)
Mitsubishi Motors board ousts Carlos Ghosn as chairman Mitsubishi Motors board ousts Carlos Ghosn as chairman
- November 27, 2018

The Franco-Brazilian executive, accused of understating his income and misusing Nissan's assets, has denied wrongdoing, according to NHK , Japan's national broadcaster. The Yomiuri , Japan's biggest-circulation daily, said Nissan had been paying Ghosn's elder sister $100,000 a year since 2002 for a non-existent advisory role. (more...)
Nearly one in four pubs have closed down since the financial crisis Nearly one in four pubs have closed down since the financial crisis
- November 27, 2018

This is 25% higher than in 2001. The rise in larger pubs has been linked to a focus on food, as big pub companies made the shift following the 2007 indoor smoking ban. The biggest rise was in Hackney, which was also the only place in London to gain more than 10 pubs in the period. Most jobs in the sector are low paid: around 70% of workers in pubs and bars are paid less than the Living Wage Foundation's Living Wage. (more...)
Microsoft has caught up to Apple in market valuation Microsoft has caught up to Apple in market valuation
- November 27, 2018

Apple shares pared early declines to finish 1.35 percent higher. The slump ultimately took the company's market cap below that of Microsoft's on Monday, the first time in more than eight years that Microsoft was worth more by this metric. Weaker results from several iPhone parts makers in recent days have stoked concerns that demand for Apple's flagship smartphone is slowing. As of 1 p.m. (more...)

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