Business


Apple plunges most in nearly six years on IPhone slump Apple plunges most in nearly six years on IPhone slump
- January 05, 2019

Apple's stock had fallen 32 percent from an October peak to its close of $157.92 Wednesday amid growing concerns about the iPhone. Tim Cook issued a letter to shareholders, warning that "our revenue will be lower than our original guidance for the quarter". (more...)
USA team to visit China for trade talks next week
- January 04, 2019

The Commerce Ministry confirmed that Gerrish would lead the USA delegation at the talks. It will be the first face-to-face meeting since the two countries agreed not to impose new tariffs for 90 days. New data released on Thursday suggest the trade war is also taking a toll on the us manufacturing sector as a whole. Now China and the United States face a key March deadline for talks to end the damaging trade war, or Washington could proceed with a sharp hike in US tariffs on Chinese ... (more...)
Qualcomm pays $1.5bn to ban some iPhone sales in Germany Qualcomm pays $1.5bn to ban some iPhone sales in Germany
- January 04, 2019

Qualcomm on Thursday took steps to enforce a court order banning the sale of some iPhone models in Germany, a move that will likely see Apple pull those iPhone models from its German stores. Qualcomm's infringed patent provides a way to mitigate power amplifier power consumption which enables the device to use power more efficiently and extend battery life in smartphones. (more...)
Discounts and last-minute shoppers lift John Lewis's Christmas sales Discounts and last-minute shoppers lift John Lewis's Christmas sales
- January 04, 2019

The department store group, considered a key barometer of high street spending, said sales were up 4.5% in the week to 29 December compared with the same period a year ago. Meanwhile, sales at sister company Waitrose rose 19.2 per cent last week, helped by a surge in Christmas dinner shopping. John Lewis said that a more meaningful picture of its performance for the six weeks to 29 December will be released on 10 January . (more...)
China trade delegation to meet Monday, Tuesday China trade delegation to meet Monday, Tuesday
- January 04, 2019

China said a USA delegation will visit next week for trade talks, confirming the two sides will have their first face-to-face negotiation since President Donald Trump and his counterpart Xi Jinping agreed to a 90-day truce in their trade war last month. (more...)
Apple is trying to steal business from China’s homegrown smartphone players Apple is trying to steal business from China’s homegrown smartphone players
- January 04, 2019

Apple tried to soften the blow on Thursday by saying that spending in the company's app store hit a record high of more than $1.22 billion during the recent holiday season, but it wasn't enough to soothe anxious investors. Apple CEO Tim Cook said in a letter to shareholders released after markets closed on Wednesday attributed that most of the revenue drop will stem from lower iPhone sales, China's slowing economy and trade tensions between China and the U.S. (more...)
RBI reduces printing of Rs 2000 note to minimum RBI reduces printing of Rs 2000 note to minimum
- January 04, 2019

The banknote is likely to be phased out from circulation gradually, the report added. The Reserve Bank of India (RBI) has stopped printing Rs 2000 notes launched during the demonetisation days in November 2016. So, two years after its introduction, the currency note which aimed at ending circulation of fake currency and black money, appears headed to a slow extinction. (more...)
Dow Falls 500 Points after Tim Cook Slashes Apple Revenue Forecast Dow Falls 500 Points after Tim Cook Slashes Apple Revenue Forecast
- January 04, 2019

Halo Investing's Jason Barsema and BigEyedWish's Ian Wishingrad on Apple cutting its sales forecast due to a downturn in iPhone sales in China and the outlook for Amazon . Apple shares have dropped almost 10% as of the time of writing, putting the tech giant on track for its worst daily loss in more than half a decade. The company primarily blamed China's economy and trade tensions for the guidance. (more...)
Oil begins 2019 with renewed slide amid fears over China growth Oil begins 2019 with renewed slide amid fears over China growth
- January 04, 2019

The United States this year surpassed Russian Federation and Saudi Arabia as the world's biggest oil producer, with overall US crude production climbing to a record 11.7 million bpd. Although the Organization of Petroleum Exporting Countries and its allies have pledged substantial output curbs to prevent an oil surplus from forming this year, investors remain concerned that the cutbacks won't be deep enough to make way for yet another supply surge from Texas and other states driving the USA ... (more...)
‘Apple sales should pick up when US China strike trade deal’ ‘Apple sales should pick up when US China strike trade deal’
- January 04, 2019

This was stated by us President Donald trump . "There are a heck of a lot of USA companies that have sales in China that are going to be watching their earnings being downgraded next year until we get a deal with China". Shares in Apple slid nine percent after it announced late Wednesday that it was trimming its sales forecast for the most recent quarter, citing steeper-than-expected "economic deceleration" in China - one of its largest overseas markets - amid the US-China trade war. (more...)
Union sues GM, says laid-off workers should replace temps Union sues GM, says laid-off workers should replace temps
- January 04, 2019

The union contends temporary workers are still employed and wants a judge to declare GM breached its contractual obligations. GM, the largest automaker in the US and includes the Chevrolet, Buick, Cadillac and GMC brands, said the moves will save $6 billion in cash by the end of next year, including $4.5 billion in recurring annual cost reductions and a $1.5 billion reduction in capital spending. (more...)
Kansas ranks 5th in nation for people moving from state Kansas ranks 5th in nation for people moving from state
- January 04, 2019

However, it's worth noting that was out of 234 total moves. A majority of people moving to Vermont cited jobs (34.4 percent) and retirement (31.2 percent), while 85 percent of the people leaving the state said they did so for a job. New Jersey residents are on the outs with their state. New Jersey had the highest percentage of outbound moves, followed by Illinois, Connecticut, New York and Kansas. (more...)
Oil Prices Rise As Saudi Oil Exports Plummet Oil Prices Rise As Saudi Oil Exports Plummet
- January 03, 2019

Meanwhile, another crude benchmark, West Texas Intermediate (WTI), lost 1.85 percent, trading at $45.68. It got "billions of rubles in extra oil revenues - and the country didn't even sacrifice much of its crude production in return". This came just two days after the USA government figures showed the nation's output hit another all-time high in October at 11.54 million bpd. "The current bearish bias will therefore continue in the near term and it stands to reason that oil will struggle to ... (more...)
Kentucky police 'mourn' after doughnut truck catches fire Kentucky police 'mourn' after doughnut truck catches fire
- January 03, 2019

Even the doughnut company itself chimed in, promising a doughnut delivery to get them through this "difficult time". Some members of the police are grieving over a truck that caught fire and loaded with something that is close to their hearts-donuts. (more...)
Norway’s electric cars zip to new record Norway’s electric cars zip to new record
- January 03, 2019

Norway broke the world record for electric vehicle sales in 2018 after nearly a third of new cars sold were of the silent kind, the country's independent road federation said. The country also offers free parking and charging points for electric auto owners. It's not like they spend over $42 billion a year importing oil to power their cars like Australia - which has less than two weeks of strategic reserve if that lifeline is cut - or use expensive coal to power their electrical stations when ... (more...)
Vermont Received More New Residents in 2018, Study Says
- January 03, 2019

In tune with this trend, Arizona (60.2 percent) joined the list of Top Ten inbound states in 2018. Several southern states also experienced high percentages of inbound migration, such as SC (59.9 percent) and North Carolina (57 percent). In addition, the most people seeking a lifestyle change flocked to Idaho, while New Mexico saw the largest percentage (42.74 percent) of retirees, according to the study. (more...)
C Adds Authentication Mode To Protect Your Gadgets C Adds Authentication Mode To Protect Your Gadgets
- January 03, 2019

It will surely be relishing the prospect of the payments that will flow when the USB Type-C Authentication Protocol is implemented. When USB Type-C (aka USB-C) arrived a few years ago, it looked promising. Once implemented, the device will instantly verify that a connected USB-C device is indeed legitimate, then blocking or allowing the connection accordingly. (more...)
'Another kick in the wallet' as rail fares rise despite poor punctuality 'Another kick in the wallet' as rail fares rise despite poor punctuality
- January 03, 2019

Walkouts by the hardline Rail Maritime and Transport union, supported by Labour , have caused chaos, with more than 60 days of protests on Northern and South Western a year ago. Commuters face an unwelcome price hike on their return to work after the Christmas and new year break as they will be paying, on average, an extra £168 per year for a season ticket. (more...)
Girl Scouts debuting new cookie in some markets across the country Girl Scouts debuting new cookie in some markets across the country
- January 03, 2019

While many people are trying to lose weight in the new year, the cookie season for the Girl Scouts is kicking off to add a bit of temptation to the already tough task. These enduring candies can also be ordered online from local chapters in select areas. Colorado residents will be able to purchase Girl Scout Cookies in about one month. (more...)
Male customer caught on video violently attacking female McDonald's employees Male customer caught on video violently attacking female McDonald's employees
- January 03, 2019

It was showing a man pulling a McDonald's employee by the shirt over the counter. A Florida man angry after not getting a straw at McDonald's was caught on video attacking an employee and attempting to pull her over the counter. A fight broke out NYE between a McDonald's employee and customer. A representative of the St Petersburg Police Department told Yahoo Lifestyle that the security tape is not being released at this stage of the investigation. (more...)
Why Apple is lowering Q1 2019 guidance Why Apple is lowering Q1 2019 guidance
- January 03, 2019

Trading in the company's shares were temporarily halted as Tim Cook , Apple's chief executive, issued a letter to shareholders explaining the reason for the change. "It's been a ideal storm of negativity for Apple", Wedbush analysts wrote in a recent report. China's economy has been pinched by the ongoing Sino-US trade war which is spilling over to other Asian economies. (more...)
Tesla cuts prices on all models, reveals production numbers Tesla cuts prices on all models, reveals production numbers
- January 02, 2019

No doubt other models too will be sold. And expect that trend to continue into Q1. "A lot of people getting the Model 3 are buying an electric vehicle for the first time, and they have a lot of questions about charging that we're happy to answer". (more...)
The minimum wage is increasing in these 21 states The minimum wage is increasing in these 21 states
- January 02, 2019

In today's dollars, the 1968 wage would be worth $11.83. In eight states-Alaska, Florida, Minnesota, Montana, New Jersey, Ohio, South Dakota, and Vermont-the minimum wage automatically increases each year to keep pace with inflation. Policy Matters Ohio, a liberal think tank based in Cleveland, calculates that the new minimum wage will be worth about 72 percent of what the federal minimum wage was worth in 1968. (more...)
Day of action across Bolton's network as rail fares rise for 2019 Day of action across Bolton's network as rail fares rise for 2019
- January 02, 2019

The increase comes after a year of rail chaos, with timetabling issues, strikes, and dozens of delays. Other ticket prices have also gone up, while across England train fares have increased by an average of 3.1 per cent. Research by Transport Focus suggests 45% are satisfied with the value for money of rail tickets - with the watchdog questioning when the £10bn of fares contributed by passengers will be translated into more reliable services. (more...)
Sausage recall for possible metal inside products Sausage recall for possible metal inside products
- January 02, 2019

The notice dated Sunday says the recall affects about 5.8 tons (5.26 metric tons) of chicken and pork sausage labeled as "red hots" - some of them also labeled "extra hot". Both come in 24-ounce plastic packages, which contain around nine sausage links. The products were produced on November 29, 2018 and have the establishment number EST P-9156S inside the USDA mark of inspection. (more...)

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