Economy

Jeff Bezos’ marriage of 25 years crashes due to infidelity?

Jeff Bezos’ marriage of 25 years crashes due to infidelity? As reported by Page Six , " Bezos , 54, and Sanchez, 49, - who also works as a helicopter pilot - got to know each other through her WME/IMG husband Whitesell, one of Hollywood's most powerful men and agent to stars including Matt Damon, Christian Bale, Kevin Costner, Hugh Jackman, plus a host of other A-listers". [Full Article...]

Air Traffic Controllers Union Becomes Latest Group To Sue Trump Over Shutdown

Air Traffic Controllers Union Becomes Latest Group To Sue Trump Over Shutdown Departing Terminal G flights will be diverted to other terminals this weekend. Bilello said on Twitter that the TSA is working with "stakeholders and industry partners to explore efforts to consolidate officers and operations". "It's hard to predict when that will happen", Gilbert said. Those workers on Friday will get their first $0.00 pay stub, stoking worries that the situation could soon... [Full Article...]

Toyota recalls 1.7 mn more autos over Takata airbag defects

Toyota recalls 1.7 mn more autos over Takata airbag defects The recall involves Toyota , Scion and Lexus vehicles manufactured between 2003 and 2013 that are equipped with Takata front passenger airbag inflators. The Takata airbag recall continues to impact more auto owners worldwide with Toyota, Scion and Lexus models as the latest vehicles added to the recall. [Full Article...]

Routine food inspections can't be done due to gov. shutdown

Routine food inspections can't be done due to gov. shutdown As you probably recall, the Food and Drug Administration (FDA ) is part of the USA federal government. While those workers still wouldn't be paid until after the shutdown ends, Gottlieb said he was setting up an agency travel account to help those inspectors keep large balances off their personal credit cards. [Full Article...]

Saudi to slash oil exports after price slide: Energy minister

Saudi to slash oil exports after price slide: Energy minister The Saudi Arabia-based oil and gas giants, Saudi Aramco, is planning to delve into the debt market during the second quarter in order to fund the purchase of petrochemical company, Sabic, in what is set to be its first ever worldwide bond, according to Bloomberg. [Full Article...]

US, China trade negotiations positive as Beijing meetings continue

US, China trade negotiations positive as Beijing meetings continue China and the United States made progress during their recent trade talks over structural issues such as forced technology transfers and intellectual property rights, China's commerce ministry said on Thursday. Forecasters expect American orders to slump this year. Fears of a global slowdown and weaker corporate earnings - exacerbated by billions of dollars in tit-for-tat tariffs between the Uni... [Full Article...]

Apple plans to launch three new iPhone models this year, WSJ reports

Apple plans to launch three new iPhone models this year, WSJ reports The iPhone XR in particular hasn't proved especially popular amongst consumers, but it seems Apple's sticking with the lower-price, LED-screen model nonetheless. Cupertino is expected to introduce two high-end iPhone devices with OLED displays and a cheaper iPhone with an LCD display later this year, according to the WSJ . [Full Article...]

GM workers stage another sit-in at Oshawa plant

GM workers stage another sit-in at Oshawa plant The action came after Unifor, the union representing the autoworkers, failed to win GM's support for its proposals to save the plant. The union says buses are being organized from cities across Ontario to bring thousands of auto workers to protest the decision with GM's headquarters as the backdrop. [Full Article...]

Powell repeats pledge to remain 'patient' with rate hikes

Powell repeats pledge to remain 'patient' with rate hikes Even so, US central bankers face a challenging year that's complicating their communication. Moving ahead, today's United States economic docket , highlighting the release of the latest USA consumer inflation figures, will influence the Dollars price dynamics and produce some meaningful trading opportunities later during the early North-American session. [Full Article...]

Rare 1943 copper coin could fetch a pretty penny in auction

Rare 1943 copper coin could fetch a pretty penny in auction But as his health declined past year, Lutes made a decision to sell the coin, said Peter Karpenski, a friend and fellow coin collector. MA native Don Lutes Jr., who died in September, found a 1943 copper Lincoln penny in his lunch money change back in 1947. [Full Article...]

US, China wrap up trade talks in Beijing

US, China wrap up trade talks in Beijing This week's meetings are the first face-to-face talks since U.S. President Donald Trump and Chinese President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global financial markets. Hong Kong was up 2.1 percent and Tokyo up more than 1 percent. "The positive news around the trade talks is giving a boost to risk assets it's what the global economy needs to s... [Full Article...]

US, China extend talks on trade battle

US, China extend talks on trade battle The talks went ahead despite tensions over the arrest of a Chinese tech executive in Canada on US charges related to possible violations of trade sanctions against Iran. Beijing has tried in vain to recruit France, Germany, South Korea and other governments as allies against Trump, but they have echoed USA complaints about Chinese industrial policy and market barriers. [Full Article...]

Actions across globe planned in solidarity with Wet'suwet'en clans

Actions across globe planned in solidarity with Wet'suwet'en clans It's meant to keep workers away from the construction site for TransCanada PipeLine Ltd.'s 670-kilometre Coastal GasLink pipeline, in the works since 2012. The RCMP says the zone remains in place and will be consistently re-assessed. The 14 people were arrested for various offences including alleged violations of the injunction order, said police. [Full Article...]

Oil prices rise on trade talk optimism, OPEC cuts

Oil prices rise on trade talk optimism, OPEC cuts Societe Generale cut its 2019 oil price forecast for Brent by $9 to $64 a barrel and reduced its forecast for USA light crude by $9 to $57 a barrel. "Momentum is coming back into the market from very depressed price levels", Petromatrix strategist Olivier Jakob said. [Full Article...]

USA warship sails in South China Sea amid trade talks with Beijing

USA warship sails in South China Sea amid trade talks with Beijing USA farmers and global seed companies have long complained about Beijing's slow and unpredictable process for approving GM crops for import, stoking trade tensions between the two sides. Beijing and Washington have raised tariffs on billions of dollars of each other's goods, prompting fears the conflict will dampen global economic growth that is showing signs of slowing. [Full Article...]

Sears Holdings Likely Heading to Liquidation

Sears Holdings Likely Heading to Liquidation But the deadline passed without any word from Sears on the status of the bid. Store closings continued throughout 2017 and 2018, with Sears Holdings declaring bankruptcy in mid-October 2018. Transform Holdco, a new entity controlled by ESL, said in a letter to Sears' investment banker that it believes keeping the Hoffman Estates-based retailer in business is the best way to preserve jobs and... [Full Article...]

Hyundai Elevate Is the Closest We've Gotten to Transformers

Hyundai Elevate Is the Closest We've Gotten to Transformers The legs, which can lock in any position, even fold up under the body, so on roads the Elevate can drive along on its wheels like a normal vehicle. "Elevate has the ability to take people where no auto has been before, and redefine our perception of vehicular freedom", said David Byron, design manager, Sundberg-Ferar, the company which has worked with Hyundai Cradle on this project for the past ... [Full Article...]

Samsung Warns of Profit Decline Due to Lower Demand for Memory

Samsung Warns of Profit Decline Due to Lower Demand for Memory The South Korean electronics giant said Monday it expects to record an operating profit for the three-month period ending December 31 of around 10.8 trillion won ($9.6 billion), a 30 percent decrease from the year-ago period. At their earnings call overnight Samsung have announced such a drop for them. Shares in Samsung Electronics , the flagship subsidiary of the Samsung Group that dominat... [Full Article...]

Drone Sighted at Heathrow Airport, All Flights Grounded Indefinitely

Drone Sighted at Heathrow Airport, All Flights Grounded Indefinitely Another wrote; "Grounded at #Heathrow whilst waiting to fly home to Manchester, first officer says flights suspended whilst police investigate possible #drone activity". Heathrow Airport has stopped departures after a drone was spotted. "We've been sitting on the runway at Heathrow for like an hour and a half", another person said. [Full Article...]

Tesla breaks ground on its Gigafactory in China

Tesla breaks ground on its Gigafactory in China The Tesla boss said: "We think with the resources here we can build the Shanghai Gigafactory in record time and we're looking forward to hopefully having some initial production of the Model 3 towards the end of this year". Tesla secured the site for its 500,000 vehicle capacity plant in October and has already begun hiring staff and starting procurement for building materials. [Full Article...]


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