Money

Money Elon Musk shows off first firing of SpaceX's Starship Raptor engine
Author: 0 Elon Musk shows off first firing of SpaceX's Starship Raptor engine

SpaceX has a big year ahead of it as it continues to fulfill rocket launch contracts for clients eager to send stuff into space, but it's the company's Starship project that has gotten the most attention from science fans. This engine uses methox torch igniters, which are in turn started by "gaseous CH4/O2 & heavy duty spark plugs", so said Musk. In one view shared in a thread on the NASA Spaceflight forum, a large American flag could be seen plastered on the side of one of the huge metal ...

Money GM to lay off about 4,000 salaried workers
Author: 0 GM to lay off about 4,000 salaried workers

With the restructuring, GM is expected to save about $6 billion by 2020, according to the Detroit News . The reduction of about 14,000 jobs was first announced in November, along with plans to close four USA plants and one in Canada while discontinuing several sedan models.

Money British PM May says she will seek 'pragmatic' Brexit solution in Brussels
Author: 0 British PM May says she will seek 'pragmatic' Brexit solution in Brussels

Sign-up now and enjoy one (1) week free access! May said in her article: "When I return to Brussels, I will be battling for Britain and Northern Ireland". May has promised MPs that she will bring any revised deal back to be voted on by MPs on February 13. With less than two months until Britain is due to leave the bloc on March 29, concerns are growing over the risk of a disorderly "no deal" exit.

Money Lyft sues to block NYC’s driver minimum wage law
Author: 0 Lyft sues to block NYC’s driver minimum wage law

Two app based ride hailing companies are suing New York City to keep a new minimum wage for drivers from going into place on Friday. The calculation takes into consideration a "utilization rate" based on how often drivers on a platform have a customer in the auto - and Lyft is taking issue with this.

Money TSA agent falls to his death at Orlando Airport causing delays, confusion
Author: 0 TSA agent falls to his death at Orlando Airport causing delays, confusion

Hundreds of airport guests evacuated the atrium, the wide-open access area to the airport's four main terminals, when the man, in his 40s, jumped at around 9:30 a.m. Now the airport is shutdown. Trista Eaden told Spectrum News 13: 'I saw the TSA agents standing up, and all of a sudden they just told us to run, to just go through the screening'.

Money Huawei 'distrust' and 'irrational' USA trade war slammed by leading Chinese academic
Author: 0 Huawei 'distrust' and 'irrational' USA trade war slammed by leading Chinese academic

The arrest of the Chinese telecom giant's executive - and her potential extradition to the U.S.to face charges of fraud and conspiracy - have angered China, which says she's done nothing wrong. "We do have another 30 days after this, so my expectation is that we'll make significant progress at these meetings, but I would just emphasise these are complicated issues", US Treasury Secretary Steven Mnuchin said on Monday.

Money Statement from Foxconn Technology Group on Wisconsin location
Author: 0 Statement from Foxconn Technology Group on Wisconsin location

Walker was among those reacting to the reports , saying on Twitter : " Foxconn earns state tax credits based on actual investment and job creation". Some in the state have blamed Evers for the alleged shifting of Foxconn's plan. Speaking to thousands of Foxconn employees at a Lunar New Year celebration in Taipei yesterday, Gou said investing in the USA "is undoubtedly a right decision and fits with future economic trends".

Money Italy plunges back into recession: statistics agency
Author: 0 Italy plunges back into recession: statistics agency

Though the eurozone is performing better than in the dark days of the debt crisis, which threatened to break up the euro currency, it's still lagging the USA economy, which is projected to have grown about 3 percent in 2018. Conte, who fronts a populist coalition government that has vowed to implement a series of costly policies despite a huge national debt, said "we have no reason to lose confidence".

Money Brazilian officials freeze more Vale assets over dam collapse
Author: 0 Brazilian officials freeze more Vale assets over dam collapse

With 110 people confirmed dead and another 238 missing, according to a firefighters' count on Thursday evening, the tailings dam collapse in the town of Brumadinho could be Brazil's deadliest mine disaster. The emergency service for the state of Minas Gerais , where the January 25 disaster occurred near the town of Brumadinho, said the search was ongoing for bodies.

Money Apple employee fined for stealing self driving auto project secrets
Author: 0 Apple employee fined for stealing self driving auto project secrets

Furthermore, it said, Chen admitted to backing up his Apple-supplied work computer onto a personal hard drive, which is a big no-no per Apple's security policy. Apple later learned that Chen had already applied for two external jobs, including one at an unidentified China-based autonomous vehicle company that was "a direct competitor of the [Apple] project", according to the affidavit.

Money Tesla Posts Profit in Q4 2018, Outlines Challenges for 2019
Author: 0 Tesla Posts Profit in Q4 2018, Outlines Challenges for 2019

In the previous quarter, the company reached $2.90. Rates sell, price target $210. Finally, ValuEngine downgraded Tesla from a buy rating to a hold rating in a research note on Wednesday, October 3rd. "Lightning fast." Beyond service, Musk indicated that a new version of the company's Autopilot driver-assist function would be ready within a few weeks, pending regulatory approval, though it remained unclear which regulators Tesla sought approval for, as there is no regulatory approval ...

Money More Infant Ibuprofen Sold at CVS, Walmart
Author: 0 More Infant Ibuprofen Sold at CVS, Walmart

The recalled product was packaged in 0.5 ounces and 1-ounce bottles and labeled "Infants' Ibuprofen Concentrated Oral Suspension". The company, Tris Pharma says that the medicine is sold at Walmart, CVS Pharmacy and Family Dollar Stores nationwide.

Money Amazon Q4 sales, earnings beat expectations; outlook disappoints
Author: 0 Amazon Q4 sales, earnings beat expectations; outlook disappoints

Additionally, the company's net income increased to $3.0 billion United States dollars (roughly $3.94 billion CAD) in Q4 2018, compared to $1.9 billion USD (roughly $2.49 billion CAD) in Q4 2017. Amazon's "other" businesses, which is mostly online advertising, funnily enough, amounted to $3.4bn, up 95 per cent. Amazon's full-year 2018 profit - $10.1 billion - is more than triple the year-earlier result.

Money VW electric dune buggy concept is headed to the Geneva motor show
Author: 0 VW electric dune buggy concept is headed to the Geneva motor show

With big wheel arches, oversized wheels and off-road tires, and round Beetle-esque headlights, the teaser images VW released hint at a classic VW dune buggy with modern curves. Confirming a rumor that popped up in December, Volkswagen has announced it will travel to the 2019 Geneva auto show to unveil concept vehicle that puts a modern spin on the popular Meyers Manx dune buggy.

Money Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)
Author: 0 Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

In response to a question during the earnings call regarding Stories ad adoption, Facebook chief operating officer Sheryl Sandberg reported two million advertisers were now using Stories ads - but did not clarify if those were Facebook Stories or Instagram Stories ad units.

Money Tesla reports profit as issues stabilise
Author: 0 Tesla reports profit as issues stabilise

Profits dropped in the final quarter of 2018, but Tesla said it expected. The fourth-quarter profit was the first time the company turned a consecutive quarterly profit in its history. Both markets are considered important growth opportunities for the company. In more concrete terms, Tesla is "expecting to deliver 360,000 to 400,000 vehicles" throughout 2019.

Money Trump optimistic in midst of key trade talks with China
Author: 0 Trump optimistic in midst of key trade talks with China

Lighthizer led the two days of negotiations in Washington with Liu, the highest-level talks since Trump met Xi on December 1 and declared a 90-day trade truce. China's economy was slowing even before the USA tariffs began depressing demand for its exports, so the trade war is making a hard situation worse for Xi.

Money Alibaba rallies on handsome profit beat, optimistic commentary
Author: 0 Alibaba rallies on handsome profit beat, optimistic commentary

However, the net income of Alibaba increased by 33 percent to reach 30.9 billion yuan, exceeding the estimates of 22.1 billion yuan and sending its share price up by two percent in pre-market trade. Another highlight of the forth quarter would be the double eleven global shopping festival, when Cainiao, the logistics arm of Alibaba processed over 1 billion delivery orders.

Money India’s unemployment rate highest in 45 years
Author: 0 India’s unemployment rate highest in 45 years

India's unemployment rate rose to a 45-year high during 2017-2018, according to a survey conducted by the National Sample Survey Office. The damning revelation comes just a day after a controversy erupted over the central government's refusal to release the report on unemployment despite the National Statistical Commission giving its approval in December previous year.

Money Earnings reports show disappointment for Harley-Davidson, Polaris
Author: 0 Earnings reports show disappointment for Harley-Davidson, Polaris

The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.16), MarketWatch Earnings reports. Non-adjusted, the company reported a breakeven quarter. - Harley-Davidson, Inc. (NYSE:HOG) - Seeking Alpha" with publication date: "June 15, 2018. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock.

Money Trump’s Foxconn factory deal in Wisconsin is close to falling apart
Author: 0 Trump’s Foxconn factory deal in Wisconsin is close to falling apart

Woo said it would be more profitable to make LCD panels in greater China and Japan, ship them to Mexico for final assembly, and import the finished product to the United States. PolitiFact Wisconsin has regularly fact-checked statements about the project. This news only strengthens our commitment to Wisconsin: "we aren't going to let our state move backward".

Money PG&E files for bankruptcy
Author: 0 PG&E files for bankruptcy

PG&E says it believes the bankruptcy process will facilitate the orderly, fair and expeditious resolution of the companies' liabilities that have arisen and will continue to arise in connection to the 2017 and 2018 Northern California wildfires.

Money Federal Reserve nods to economic headwinds as it keeps rates steady
Author: 0 Federal Reserve nods to economic headwinds as it keeps rates steady

In a separate special statement on Wednesday, the Fed said it's "prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial developments". With the Fed decision out of the way, investors focused their attention on a pivotal round of high-level U.S. The Dow Jones industrial average popped as much as 529.66 points in afternoon trades as Powell noted that "cross-currents" such as slowing global growth, financial conditions, and trade ...

Money Markets Right Now: Stocks sink on China slowdown fears
Author: 0 Markets Right Now: Stocks sink on China slowdown fears

The treatment of restructuring costs by industrial companies has been a matter of hot debate lately, given the extent to which the exclusion of these expenses can distort earnings. The S&P 500 is up 137.00 points, or 5.5 per cent. Deere & Co., a key competitor, fell 2.4 per cent to $157.69. The chipmaker said "deteriorating macroeconomic conditions, particularly in China", impacted demand for its graphics processing units.

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