Money

Money Lyft tries to differentiate itself from Uber in its IPO pitch
Author: 0 Lyft tries to differentiate itself from Uber in its IPO pitch

Both Uber and Lyft have invested heavily in bikes and scooters as alternatives to vehicle rides for short trips , hopeful that a transportation option that does not involve paying drivers will prove profitable. FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing auto in Los Angeles, California, U.S. September 21, 2017. But Lyft also reported that it had lost $911.3 billion in 2018.

Money YouTube to disable comments on virtually all videos with young children
Author: 0 YouTube to disable comments on virtually all videos with young children

Comments aren't the main focus of the video-publishing site, but turning them off will likely diminish the experience for many users and video creators, he said. This move comes off a number of global reports exposing paedophilic content contained within the comments of videos that are targeted at minors. Many creators use the comments sections of their videos to interact with their followers, and for some, comments are the most interactive part of their YouTube channels.

Money Amazon moves to end the scourge of fake goods on its platform
Author: 0 Amazon moves to end the scourge of fake goods on its platform

But up until now, brands could only flag potential counterfeits for Amazon to review and remove. Merchants have long complained that Amazon's lax policing of counterfeits has cost them sales and compromised their brands, leaving customers to figure out whether the box on their doorstep actually contains what they ordered or a shoddy replica.

Money Pakistan to hand over captured Indian pilot at Wagah border
Author: 0 Pakistan to hand over captured Indian pilot at Wagah border

The attack was reportedly planned and executed by Azhar's brother-in-law Yousuf Azhar, who India said was killed in the air strike by Indian Air Force's fighter jets on JeM camp in Pakistan's Balakot on Tuesday. More than 200 people had fled to a military organized camp about 20 kilometres away from the border. Residents on either side of the LoC also reported heavy shelling, which continued into the early hours Friday.

Money China haggle over hardest points in commerce warfare talks
Author: 0 China haggle over hardest points in commerce warfare talks

He said if progress is made, he will meet Chinese President Xi Jinping at his Florida resort to finalize an agreement. But many questions remain about the prospects for a deal that would unwind the tariffs already slapped by both sides on billions of dollars of each other's goods.

Money Tesla shutting stores to deliver a US$35k Model 3
Author: 0 Tesla shutting stores to deliver a US$35k Model 3

The firm managed to scrape a profit in the final two quarters of 2018, but expects to post a loss for the first three months of this year, Mr Musk said. It makes sense here that Tesla is looking to boost demand of its Model 3. Since tax credits will continue to decline over 2019, "this is really exactly what the doctor ordered", he said.

Money Powell put? US Fed chief says market volatility can affect economy
Author: 0 Powell put? US Fed chief says market volatility can affect economy

Since October 2017, the Federal Reserve has been selling assets and has reduced its holdings of Treasury bonds and mortgage-backed securities from around $4.2 trillion to $3.8 trillion. "We are not looking at a higher inflation target, full stop", Powell said. It seems that Fed's patient stance may continue until the change of inflation or growth dynamics.

Money Victoria Secret closing more than 50 stores in North America this year
Author: 0 Victoria Secret closing more than 50 stores in North America this year

As part of that, the brand announced their decision to close 53 stores in North America in 2019, following a round of 30 closures from 2018. Victoria's Secret relied on heavy promotions to draw customers to its stores during the holidays - the types of discounts that generally hurt margins.

Money FCA investing $4.5B into Detroit area
Author: 0 FCA investing $4.5B into Detroit area

FCA will invest $1.5 billion in the Warren plant - up from $725 million the automaker had not publicly disclosed. The plant is earmarked to build the next-generation Jeep Grand Cherokee and Jeep's long-awaited three-row SUV . "The fact that they are expanding the manufacture of engines and complete vehicles in MI shows that the steel tariffs were not an impediment to growth".

Money GE sells biopharma business to Danaher for $21.4B, reconsiders healthcare IPO
Author: 0 GE sells biopharma business to Danaher for $21.4B, reconsiders healthcare IPO

GE also said that weakness in the GE Power unit meant it would miss its 2018 free cash flow and earnings guidance target, with the company taking a $23 billion goodwill charge to the Power division. Culp said in an interview Monday. 24/7 Wall St. has already seen several analyst research reports regarding the deal. We also highlighted the potential for Danaher to be an acquirer of the prized GE asset given GE's need to raise cash.

Money Elon Musk ordered to tell judge why he's not in contempt
Author: 0 Elon Musk ordered to tell judge why he's not in contempt

The US Securities and Exchange Commission had informed the court to hold Elon Musk in contempt for violating a settlement deal reached a year ago. The agency alleges Musk violated its deal by tweeting on February 19 that Tesla would produce about half a million cars this year.

Money Trump delays imposition of increased tariffs on Chinese goods
Author: 0 Trump delays imposition of increased tariffs on Chinese goods

While International Maritime Organization regulations now under consideration would address sulfur content in that fuel, the fact remains that if the U.S. "A very good weekend for US & China!" Trump and Xi called a 90-day truce a year ago to allow time for a deal to be negotiated. Negotiators of the two sides have achieved substantial progress on specific issues in the Feb.

Money Labour MP explains exactly how a second Brexit referendum would work
Author: 0 Labour MP explains exactly how a second Brexit referendum would work

Starmer said the second vote would be between remaining in the European Union and the option of a "credible leave deal", one that had the parliament's backing. Three government ministers wrote in Tuesday's Daily Mail they planned to vote with opposition lawmakers to stop a no-deal withdrawal unless May agreed to delay Brexit and guarantee "we are not swept over the precipice on March 29".

Money Man bought $540 in cookies so Girl Scouts could escape cold
Author: 0 Man bought $540 in cookies so Girl Scouts could escape cold

According to a Facebook post from Girl Scout leader Kayla Dillard , a man approached their cookie-selling stand on a cold night in Greenville, S.C., and ended up racking up quite a tab. "He came back to the table and said "pack up all of your cookies. I'm taking them all so y'all can get out of this cold, '" Dillard said, noting the man dropped $540 on the addictive candies".

Money SEC says Elon Musk violated settlement agreement
Author: 0 SEC says Elon Musk violated settlement agreement

In a comment to his own tweet , Musk said, " Tesla made 0 cars in 2011, but will make around 500k in 2019". Following the SEC's filing, Tesla shares fell by as much as 5.4 per cent as of Monday in NY. In his defense, Musk said he didn't think his tweet needed clearance because he was basing it on information that had been disclosed in late January.

Money SanDisk speeds up high capacity mobile storage with 1 TB microSD card
Author: 0 SanDisk speeds up high capacity mobile storage with 1 TB microSD card

Not one but two storage providers unveiled 1TB microSD cards at the Mobile World Congress , including SanDisk and Micron . As high-end smartphones move towards having 1TB of built-in storage, high capacity and high speed storage microSD cards give those who buy cheaper smartphones and tablets a good way to bump up storage capacity without loosing out too much on speed.

Money Damaging Wind Gusts Monday, Snow Chance Mid-Week
Author: 0 Damaging Wind Gusts Monday, Snow Chance Mid-Week

Power outages being the main reason, slick conditions out on area roads because of snow and water freezing up, and possibly because of very cold wind chills. Cleveland Hopkins Airport has not recorded a wind speed as high as Sunday's 67 miles per hour reading since Hurricane Sandy affected NEOhio on October 29, 2012 with a wind speed of 68 MH.

Money Fortnite Ads Pulled From YouTube After Predator Controversy
Author: 0 Fortnite Ads Pulled From YouTube After Predator Controversy

AT&T (T) has joined the ranks of companies to pull its ads from YouTube amid reports of alleged pedophile activity on the site. The World Health Organization recently categorized " vaccine hesitancy " as one of 2019's top threats to global health.

Money Ford investigates its emissions testing and fuel economy
Author: 0 Ford investigates its emissions testing and fuel economy

In addition to the independent firm, Ford added it retained other independent experts to investigate the matter and said it plans to hire an independent lab to conduct further tests. The EPA said in a statement that the information they have regarding the matter is "too incomplete for EPA to reach any conclusions". The outside investigators include a law firm called Sidley Austin along with an unnamed independent laboratory.

Money Zimbabwe Introduces New, Discounted Currency As Banks Reopen
Author: 0 Zimbabwe Introduces New, Discounted Currency As Banks Reopen

The new currency replaces electronic bank savings called digital dollars and the bond notes and was named after the real-time gross settlement system that banks use to transfer money between each other. On Wednesday, the street value was around four RTGS dollars per U.S. dollar, and on Friday, a commercial bank in Harare , the pan-African Ecobank, was buying the USA dollar at 2,439 RTGS dollars and selling the United States currency at 2,5625 RTGS dollars.

Money USA wants stable yuan as part of China trade deal
Author: 0 USA wants stable yuan as part of China trade deal

As the discussions continued Thursday, reports emerged that negotiators are working on memorandums of understanding that would form the basis of a final deal. One of Trump's demands that is easier to fix for Beijing is to reduce the trade imbalance between the two nations. China's retaliatory tariffs have severely hit United States farm exports, with China dangling the possibility in recent weeks of increasing purchases of USA goods to sweeten any deal.

Money Twitterstorm as Microsoft Workers Condemn US Military Deal 'to Help People Kill'
Author: 0 Twitterstorm as Microsoft Workers Condemn US Military Deal 'to Help People Kill'

In a statement to Axios , a spokesperson for Microsoft said the company was still "committed to providing our technology to the U.S. Department of Defense, which includes the U.S. "The application of HoloLens within the IVAS system is created to help people kill", the letter reads . The company addressed concerns about working with the USA military back in October through a blog post and a Q&A session held with its own employees.

Money Kraft Heinz Stock Drops After Announcement Of Big Loss, SEC Probe
Author: 0 Kraft Heinz Stock Drops After Announcement Of Big Loss, SEC Probe

Those operations handle interactions with outside suppliers. When Kraft Heinz was created, analysts wondered where the growth would come with a suite of aging brands, which also includes Jell-O and Kool-Aid. But said it did not expect that inquiry to be "material" to financial results. Kraft Heinz, which holds the lowest investment-grade rating from both Moody's Investors Service and Fitch Ratings, has seen its rating fall through debt-funded acquisitions that have weakened credit ...

Money Boeing 767 cargo jetliner crashes near Houston, no likely survivors, sheriff says
Author: 0 Boeing 767 cargo jetliner crashes near Houston, no likely survivors, sheriff says

The aircraft, with MSN 25685 and registration N1217A, was converted into a freighter aircraft in 2016. The flight trackers web site showed an image of an Amazon Prime Air cargo jet, but that has not been independently confirmed. The aircraft was flying from Miami to Houston. The Chambers County Sheriff's Office said debris from the plane was found in Jack's Pocket at the north end of Trinity Bay, but there was no immediate word on the status of the 3 people who were on board.

Money Venezuelan Civilians Killed in Clash with Security Forces on Border
Author: 0 Venezuelan Civilians Killed in Clash with Security Forces on Border

The powerful military's backing is crucial to the viability of the socialist leader, with defections strengthening Guaido's hand. An indigenous couple were killed and at least 15 people were injured, residents said. By midday, opposition leader Juan Guaido pulled himself onto a semi-truck and shook hands with its driver as he and Colombian President Ivan Duque gave a ceremonial send off to an aid convoy looking to transport almost 200 metric tons of mostly USA -supplied emergency food ...

Money USA dollar sags on lower yields, Fed minutes in focus
Author: 0 USA dollar sags on lower yields, Fed minutes in focus

It was also up against the euro, to $1.133, as well as the Canadian and Australian dollars . He said the relationship with China was in good shape. For Australian coal exporters, other markets would eventually be found but the general consensus among analysts is that the prices would fall. "I'm aware of unconfirmed and unsourced media reports and have asked our Ambassador in Beijing to urgently clarify their veracity", said Australia's Minister for Trade Simon Birmingham.

Money Oil trades higher on U.S.-China talks optimism
Author: 0 Oil trades higher on U.S.-China talks optimism

Brent was on track for a weekly gain of about 1.4 percent. Crude oil futures traded higher Friday amid renewed optimism that the United States and China could make progress in trade talks, analysts said. Although crude prices have ended higher this week, rising US crude oil production continues to worry investors that the glut of supply in the global oil market could be here to stay for longer while halting crude's upward price trajectory.

Money Donald Trump wants ‘6G’ network in America ASAP… it doesn’t exist
Author: 0 Donald Trump wants ‘6G’ network in America ASAP… it doesn’t exist

We're not experts in corporate espionage, but if a country like the United Kingdom which has "arguably the toughest and most rigorous oversight regime in the world for Huawei " says so, we'd probably have to agree with their assessment. The news on Friday suggested that low-hanging fruit such as reducing the US-China trade deficit had been plucked, and the remaining challenges were much harder.