Markets

Markets Brextension: UK lawmakers vote to seek delay of European Union departure
Author: 0 Brextension: UK lawmakers vote to seek delay of European Union departure

After Wednesday's vote, they said that while it was one thing for the British government to reject a so-called no-deal exit, at some point it would have to figure out the alternative, a deal that could actually pass. The party was criticised for the move by some supporters of another referendum, but the official People's Vote campaign issued a statement that read: "We do not think today is the right time to test the will of the House on the case for a new public vote".

Markets Tesla to rollback local price cuts
Author: 0 Tesla to rollback local price cuts

After spending the last two weeks evaluating every single Tesla location, the company has chose to keep more stores open. The step backwards will come as a hit to customers as well, as Tesla will raise prices 3% on all S and X vehicles as well as all of the Model 3 configurations other than the $35,000 configuration to account for the remaining stores.

Markets Trump says China deal will mean 'very big spike' for markets
Author: 0 Trump says China deal will mean 'very big spike' for markets

America's trade deficit with China hit a record $419.2 billion a year ago, USA data released this week showed. "Today's trade figures reinforce our view that China's trade recession has started to emerge", Australia and New Zealand Banking Group Ltd economist Raymond Yeung (楊宇霆) said in a note.

Markets New jobs report says Calgary’s unemployment increased
Author: 0 New jobs report says Calgary’s unemployment increased

By region, Ontario saw the biggest employment increase last month with the addition of 36,900 jobs. At the same time, there were fewer workers in accommodation and food services, as well as transportation and warehousing. It's a key reason why the Bank of Canada is sticking to its belief the economy will rebound and interest rates will likely head higher . Over the 12-month stretch leading up to February, total employment rose by 369,100 jobs or two per cent.

Markets Zuckerberg's vision for Facebook: as privacy-focused as WhatsApp
Author: 0 Zuckerberg's vision for Facebook: as privacy-focused as WhatsApp

By connecting WhatsApp and Messenger , Facebook will be more efficient. Zuckerberg said in a post on his Facebook profile that within a few years direct messaging would dwarf discussion on the traditional, open platform of Facebook's news feed, where public posts can go viral across the world.

Markets US Trade Deficit Widens
Author: 0 US Trade Deficit Widens

Wednesday's figures illustrated how the trade war boosted the trade deficit with China: merchandise exports to the Asian nation fell $US9.6 billion previous year, while imports rose $US34 billion. Looking at December alone, exports fell by 1 .9% to $205.1 billion and imports rose by 2 .1% to $264.9 billion. The latest report revealed that the trade deficit with China in December was $38.7 billion, by far the highest of any nation.

Markets Huawei Makes Big Move Against US Government
Author: 0 Huawei Makes Big Move Against US Government

The suit, filed with the federal court in Texas, alleges that the ban on Huawei products, passed as part of a defense spending package past year, is unconstitutional and is part of the Trump administration's campaign of political and economic pressure against China .

Markets Tesla says new technology can recharge a auto in 15 minutes
Author: 0 Tesla says new technology can recharge a auto in 15 minutes

The first beta test V3 chargers are now in operation in California, near Tesla's headquarters, and work on the first full sites will begin in April. This means owners won't have to experience a slower charge time when sharing with a neighbor. For now, Tesla has opened the one public beta V3 Supercharger in Fremont, California.

Markets Trump says Cohen hearing may have hurt North Korea results
Author: 0 Trump says Cohen hearing may have hurt North Korea results

A high-stakes second meeting to strike a disarmament deal with the North's Kim Jong Un broke up in disarray Thursday in Hanoi, without even a joint statement. Mr. Trump said the summit came to a halt because Kim demanded a complete lifting of US sanctions against his regime in exchange for the North Koreans opening up just one key nuclear facility to some degree of inspection.

Markets Old Navy is splitting away from Gap
Author: 0 Old Navy is splitting away from Gap

Konik said separating Old Navy, which is the primary driver of profit for Gap , would also make the budget brand as attractive as off-price retailers such as TJX Co Inc and Ross Stores. Art Peck, who's been leading parent company Gap, said the company doesn't know the exact number of job losses from the planned store closures but will try to minimize the number.

Markets A whopping 53 Victoria's Secret stores are set to close
Author: 0 A whopping 53 Victoria's Secret stores are set to close

L Brand's net sales rose to $4.85 billion for the quarter ended Feb.3, compared to $4.82 billion in the year-ago period. Although a change in strategy appears necessary for the survival of Victoria's Secret , which has stuck to the same marketing strategy for decades, it may not sit well with consumers.

Markets Venezuela crisis: US, Russia submit resolutions to UNSC
Author: 0 Venezuela crisis: US, Russia submit resolutions to UNSC

The US recognizes Juan Guaido, the leader of Venezuela's opposition-controlled National Assembly, as the oil-rich nation's acting president, while Russian Federation supports incumbent head of state Nicolas Maduro, Efe news reported on Wednesday.

Markets Pedophilia allegations, Nestlé, Dr. Oetker and Disney stop advertising on Youtube
Author: 0 Pedophilia allegations, Nestlé, Dr. Oetker and Disney stop advertising on Youtube

YouTube now says that it is making changes to its algorithm to stop this practice. She said numerous kids she treats in the ER list videos on YouTube as a method used to learn destructive behaviors and self-harm techniques. "There's more to be done, and we continue to work to improve and catch abuse more quickly". Some leading firms stopped shopping for commercials on YouTube after their advertisements appeared on movies the place pedophiles littered the remark sections, The New York ...

Markets Kraft Heinz shares fall as appetites wane
Author: 0 Kraft Heinz shares fall as appetites wane

The losses from Kraft Heinz will likely impact Berkshire Hathaway's profits. Kraft Heinz and other food makers that dominated grocery shelves for much of the post-World War II era have been whipsawed by a seismic shift in what consumers want.

Markets Epic pulls Fortnite ads from YouTube following child exploitation controversy
Author: 0 Epic pulls Fortnite ads from YouTube following child exploitation controversy

Watson also noted that, once he viewed the problematic content in question, he was stuck in a "wormhole" of similar, suggested videos - which contained a slew of pedophilic comments. This isn't the first time companies have pulled support from YouTube in response to a major issue. For those that may not know what "pre-roll" means, it's an ad that pops up before a video begins to play.

Markets Anil Ambani guilty of contempt, told to pay fine
Author: 0 Anil Ambani guilty of contempt, told to pay fine

A bench comprising of Justices RF Nariman and Vineet Saran said that if the contemnor failed to make the payments within the specified period, they they will undergo a jail term of three months. In October, the court granted Reliance Communications time till December 15 to repay the money after the company sought a 60-day extension . As the year ended, and with Ericsson ostensibly still not having received its dues, it filed a second contempt plea in January 2019, which led to today's ...

Markets Putin threatens to target West with new missiles
Author: 0 Putin threatens to target West with new missiles

But Washington said a year ago that the "unlimited range" cruise missile had crashed during tests. But he said that Russia's reaction to any deployment would be resolute and that US policy-makers, some of whom he said were obsessed with USA exceptionalism, should calculate the risks before taking any steps.

Markets United Kingdom 'doesn't need to ban' Huawei 5G kit
Author: 0 United Kingdom 'doesn't need to ban' Huawei 5G kit

The head of MI6 had also warned against using Huawei equipment, asking whether Britain s needs to think if it's comfortable "with Chinese ownership of these technologies". Huawei , the Chinese telecom giant, also a world leader in 5G technologies, has been accused by the USA of conducting espionage with its high-speed telecommunications systems.

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