Business


Wall Street's tumultuous 2018 ends on more solid footing Wall Street's tumultuous 2018 ends on more solid footing
- January 02, 2019

The broad-based S&P 500 advanced 0.9 per cent in the session to 2,506.85, a loss of 6.2 per cent for the year. December was the worst month for the Dow Jones Industrial Average and the S&P 500 since 1931, as tracked by our partners at Dow Jones Market Data Group. (more...)
Tesla Sinks After Cutting Model 3 Price as Deliveries Disappoint Tesla Sinks After Cutting Model 3 Price as Deliveries Disappoint
- January 02, 2019

Tesla Inc TSLA.O shares fell 9 percent on Wednesday after the electric auto maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States to offset a reduction in a green tax credit. (more...)
Mystery as 6 passengers fall ill on USA flight Mystery as 6 passengers fall ill on USA flight
- January 02, 2019

A source for the outlet also claimed that water tests would be conducted on Wednesday morning, as it is possible the six passengers all drank from the same fountain prior to their flight. That passenger said there was a triage area set up at the Tampa airport for sick passengers. "They were just coming out of nowhere", passenger Tiffany McKinney told WFLA . (more...)
Oil prices set for first annual decline since 2015 Oil prices set for first annual decline since 2015
- January 02, 2019

The last trading day of 2018 may have seen modest crude gains, but as revelers on Monday celebrated the incoming year, analysts noted that USA oil and Brent lost nearly 25 percent and 20 percent respectively over the past 365 days: the first annual loss since 2015. (more...)
Ghosn's detention extended to January 11 Ghosn's detention extended to January 11
- January 02, 2019

Calls to the office of Ghosn's lawyer , Motonari Otsuru, were not answered on Monday, an unofficial holiday in Japan. They suspect he conspired with his right-hand man, USA executive Greg Kelly, to hide around half of his income of five billion yen (around 30 million euros) over five fiscal years from 2010. (more...)
Cathay Pacific to honour $16,000 fares sold for $675 Cathay Pacific to honour $16,000 fares sold for $675
- January 02, 2019

A return trip from Hanoi to Vancouver on first-class will cost $988, according to travel blog One Mile at a Time . The Hong-Kong based airline sold business class return tickets from Vietnam to destinations in the United States and Canada at deeply discounted prices, according to bloggers. (more...)
Netflix poaches new finance chief from Activision Netflix poaches new finance chief from Activision
- January 02, 2019

The company chose to terminate Neumann's contract "for cause unrelated to the Company's financial reporting or disclosure controls and procedures", Activision Blizzard said in US Securities & Exchange Commission filing. A source close to the issue has said that this all occurred after Netflix had poached Neumann to take on the role as CFO at the streaming company. Wells has been based out of Netflix's headquarters in Los Gatos, Calif. (more...)
Wall Street stocks end worst in 10 years
- January 02, 2019

After setting a series of records through the late summer and early fall, major US indexes fell sharply after early October, leaving them all in the red for the year. Some professionals are also expressing concerns over the current trade dispute that may finally be exerting a negative impact on the economy. The 20.5 percent drop of energy stocks in 2018 was largely attributable to crude prices LCOc1 plunging 38 percent since early October. (more...)
New Year's Day Mega Millions jackpot hits $415 million New Year's Day Mega Millions jackpot hits $415 million
- January 02, 2019

The cash value is now $254.6 million. The first jackpot of 2019 is worth an estimated $415 million, or a cash value of almost $250 million. Yet a $425 million jackpot awaits a lucky NC Mega Millions scratch-off ticket buyer heading into the new year. (more...)
Michigan's minimum wage rising 20 cents to $9.45 an hour
- January 02, 2019

A local ordinance raised the minimum wage to as much as $11 an hour in 2015, then as much as $13 in 2016, depending on the size of the employer and whether it provided health insurance. "Whereas $15 is what a single worker needs in a less expensive state such as Alabama, Florida or Texas". While the federal minimum wage has not budged, cities and states have passed laws to boost the minimum wage locally. (more...)
Officers mourn loss of Krispy Kreme doughnut truck
- January 02, 2019

The Lexington Police Department tweeted pictures of a burned-out Krispy Kreme truck along with their devastated reactions. The department captioned the photographs with, "No words". "We donut what else to say". The post even prompted Krispy Kreme to send well wishes to the officers. " In this line of work ", one wrote, "some things can't be unseen". (more...)
Krispy Kreme truck destroyed in fire, Kentucky police mourn Krispy Kreme truck destroyed in fire, Kentucky police mourn
- January 02, 2019

U.S. police in the state of Kentucky have found some humour after an empty doughnut truck caught fire. The driver of the Krispy Kreme Doughnuts vehicle noticed smoke billowing from the back as he drove through Lexington. It's not clear what caused the accident, but the police department indicated there were no injuries in the accident . A North Carolina cop added his condolences. (more...)
Christmas tree recycling begins Wednesday with trash pick-up Christmas tree recycling begins Wednesday with trash pick-up
- January 01, 2019

Garden waste scheme subscribers are asked to chop the tree up and place the pieces into the brown bin to be collected on the usual collection day. The one I have has served its objective well but is showing its age and sheds just as much as a real tree. (more...)
Iron Man 2 reunion: Musk friend Larry Ellison named to Tesla board Iron Man 2 reunion: Musk friend Larry Ellison named to Tesla board
- December 31, 2018

The move is meant to usher Tesla past months of turbulence following Musk's August 7 tweet that he was considering taking the company private and had secured funding. If you recall, Musk at the time explained that Tesla's overarching strategy was to take profits from pricier models (i.e the Roadster and the Model S) in order to bankroll an "even more affordable vehicle". (more...)
Trump touts 'big progress' after phone call with China's Xi on trade Trump touts 'big progress' after phone call with China's Xi on trade
- December 31, 2018

He also said that " big progress " was underway and "Deal is moving along very well". An agreement reached between the two countries on the margins of the G20 summit in Argentina in November deferred the imposition of further tariffs till March. (more...)
Green Growth considers Aphria bid Green Growth considers Aphria bid
- December 31, 2018

APHA is an exciting player in the Healthcare space, with a center of attention on Drug Manufacturers - Other.Shares of Aphria Inc . The news release did not mention Green Growth's takeover bid. Vic Neufeld, who had been chairman through the controversy that erupted on December 4, will remain Aphria's chief executive officer and a director on Aphria's board. (more...)
Minimum Wages Rising In 20 States And Several Cities Minimum Wages Rising In 20 States And Several Cities
- December 31, 2018

In California, Massachusetts and NY, the increases are small steps in the broader effort of eventually raising the minimum wage to $15 an hour. To raise awareness, the department of labor is releasing TV, digital and radio ads. The minimum wage for the remainder of NY will rise to $12.50 at the end of 2020. The federal minimum wage has remained at $7.25 an hour since 2009, but in the years since, 29 states and the District of Columbia have established minimum wages above the federal level . (more...)
Sears to close 80 more stores as deadline looms today Sears to close 80 more stores as deadline looms today
- December 31, 2018

Sears told workers this week that it expects to begin liquidation sales at the 80 stores (addresses listed below) in two weeks. Sears, a 125-year-old company, is the closest to death it has ever been. It's unclear how many are employed by Sears in the Tri-Cities. Sears received two liquidation bids, the Wall Street Journal reported , citing people familiar with the matter. (more...)
Gatwick Drone Sightings May Have Been Police Equipment Gatwick Drone Sightings May Have Been Police Equipment
- December 31, 2018

The airport's closure led to more than 100,000 people being stranded or delayed in the worst ever drone-related disruption at an global airport. As of Saturday morning, the situation has potentially become even more embarrassing. Speaking outside the couple's home on Monday, Paul Gait said he and Elaine Kirk both felt "completely violated" and "deeply distressed" by the recent events. (more...)
Your tree, your responsibility. No Christmas tree curbside pick-up Your tree, your responsibility. No Christmas tree curbside pick-up
- December 31, 2018

Many of us do this anyway when we miss the pick-up for municipal tree recycling. Trees will be collected on two consecutive Saturdays: Jan. 12 and Jan. Live Christmas trees that have started to die and dry out can be extremely flammable. The city's Solid Waste Division will be performing a curbside Christmas Tree Collection, according to the City of Prescott website. (more...)
Tel Aviv furious over Jordanian minister ‘desecrating’ Israeli flag Tel Aviv furious over Jordanian minister ‘desecrating’ Israeli flag
- December 31, 2018

The Israeli flag was drawn on the floor at the building's entrance along with shoe marks as a protest against Israel by the trade union - which opposes normalisation of ties with Tel Aviv. Israel and Jordan signed a peace agreement in 1994, but relations have often been frosty amid differences over Israeli policies in Jerusalem, where Jordan is custodian over Muslim sites, and toward the Palestinians. (more...)
London Transit to supply free rides on New 12 months's Eve London Transit to supply free rides on New 12 months's Eve
- December 31, 2018

In addition, Metro will add buses to its night routes. The service will also be extended, with routes leaving the Transit Gallery, located on 1st Street between Long Beach Boulevard and Pine Avenue, as late as 2:35 a.m. The SeaBus will run on a modified weekday service, allowing the service to run approximately one hour later to accommodate the New Year's Eve crowds. (more...)
Tesla brings Oracle tycoon on board Tesla brings Oracle tycoon on board
- December 30, 2018

Ellison is the founder of Oracle , a multinational computer technology corporation with a focus on business solutions and cloud technology. The 74-year-old billionaire came under attack from Oracle shareholders for excessive pay packages while running the company. (more...)
Oil prices slide as concerns about global economy, oversupply weigh Oil prices slide as concerns about global economy, oversupply weigh
- December 30, 2018

At 441.4 million barrels, US crude oil inventories are about 7 percent above the five-year average for this time of year. Both U.S. and Brent crude rose about 8 percent, their largest one-day increase since November 30, 2016, when OPEC signed a landmark agreement to cut production. (more...)
Beware, Netflix users, you might be the next target! Beware, Netflix users, you might be the next target!
- December 30, 2018

FTC specifically mentions that by clicking on a link, one can end up installing ransomware that can lock you out of your computer. Along the similar lines, a screenshot shared by the Police in OH states that Netflix is "having some trouble with your current billing information" and one needs to click on the given link to update payment method. (more...)

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