WeWork posts $900m loss as it plots stock market listing

Myles Udland and Brian Cheung discuss. To be fair, WeWork , the company the constructs stylish millennial aesthetics that are turned into workplaces, faces a lot of issues that companies deal with in terms of leasing office space. Neumann has person... More..

by | Published more than a month ago
Steady digital media and entertainment revenue growth for Alibaba
by | Sunday, August 18, 2019

Steady digital media and entertainment revenue growth for Alibaba

Diluted earnings per ADS was US$1.17 and non-GAAP diluted earnings per ADS was US$1.83, an increase of 56 per cent year-over-year. The increase in customers on Alibaba's platforms allowed the Company to deliv...More..

Stock market gyrates as the economic picture gets blurred
by | Sunday, August 18, 2019

Stock market gyrates as the economic picture gets blurred

However, while the Dow Jones closed lower by over 900 points as the recession warnings grow louder, the brief inversion seen yesterday had been a long time coming with the move seen as more symbolic as oppose...More..

GE has more to lose from whistle-blower
by | Saturday, August 17, 2019

GE has more to lose from whistle-blower

The report says GE reported earnings when policyholders were young and not filing insurance claims, but then miscalculated how much it would have to spend to issue those benefits. In fact, CEO Larry Culp just ...More..

Crude Oil Prices Sink as Yield Curve Spurs Recession Fears
by | Saturday, August 17, 2019

Crude Oil Prices Sink as Yield Curve Spurs Recession Fears

At 440.5 million barrels, USA crude oil inventories are about 3% above the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as...More..

US FDA proposes new health warnings on cigarette packs, advertisements
by | Saturday, August 17, 2019

US FDA proposes new health warnings on cigarette packs, advertisements

Other color illustrations would warn smokers that cigarettes can cause heart disease, impotence and diabetes. "We have more prominent warnings on many other products that don't pose even a fraction of the risk ...More..

Hong Kong protesters face crucial weekend test after airport setback
by | Saturday, August 17, 2019

Hong Kong protesters face crucial weekend test after airport setback

Following the escalation in violence during the past few days, the demonstrations this weekend will provide a litmus test as to whether the protest movement can retain the broad support. Both a march on the Kow...More..

U.S. trade talks with China 'very productive': Donald Trump
by | Saturday, August 17, 2019

U.S. trade talks with China 'very productive': Donald Trump

Trump's tariff delay coincided with recession fears in USA markets sending stocks to their biggest one-day loss since October. The United States Trade Representative (USTR) said it has removed a number o...More..

Cathay Pacific chief executive resigns amid protest row
by | Saturday, August 17, 2019

Cathay Pacific chief executive resigns amid protest row

Hogg, 57, resigned as a way of taking responsibility amid recent events, said the airline , Hong Kong's flag carrier. Cathay also said Friday its Chief Customer and Commercial Officer Paul Loo resigned, ...More..

Vehicle sales at 2-decade low
by | Saturday, August 17, 2019

Vehicle sales at 2-decade low

As far as the van segment is concerned, it witnessed the highest decline of 45.58 per cent selling 10,804 units as compared to 19,889 units which were sold in the corresponding month past year. Vishnu Mathur, d...More..

Wall Street boosted by stimulus hopes
by | Saturday, August 17, 2019

Wall Street boosted by stimulus hopes

Weak data from Germany and China on Wednesday helped fuel a rush for safe assets like bonds and gold. And White House economic advisers see few options for reversing course should the economy start to slip. Fac...More..

US recession fears stalk markets as stocks fall again
by | Saturday, August 17, 2019

US recession fears stalk markets as stocks fall again

The most unsafe thing in this situation is that market fears of a recession could end up fuelling further demand for safe havens, further intensifying the anxiety of stock markets. "The Fed still owns rough...More..

Zimbabwe police beat protesters defying ban
by | Friday, August 16, 2019

Zimbabwe police beat protesters defying ban

The Zimbabwe Human Rights NGO Forum says the victims were accused of mobilising people to demonstrate. Provincial youth chairperson Kelvin Mutsvairo confirmed the meeting, saying the youth league was prepar...More..

Pro-Hong Kong rallies see tensions boil over in Melbourne and Adelaide
by | Friday, August 16, 2019

Pro-Hong Kong rallies see tensions boil over in Melbourne and Adelaide

The Financial Times newspaper reported earlier in July that the US president had agreed with Xi at the Group of 20 summit in June to tone down criticism of China's handling of the crisis. President Donald Tr...More..

Markets register a shock, but is Trump right to blame the Fed?
by | Friday, August 16, 2019

Markets register a shock, but is Trump right to blame the Fed?

Trump blamed the Federal Reserve for Wednesday's market dive, branding Fed Chairman Jerome Powell as "clueless" for not easing monetary policy as central banks in other countries have done. What About Trump's...More..

Facebook Contractors Have Been Listening to Your Conversations
by | Friday, August 16, 2019

Facebook Contractors Have Been Listening to Your Conversations

Humans were also brought in to review voice assistant recordings at Alphabet Inc.'s Google and Apple Inc., which both courted controversy for not making the practice clear to users. Facebook also uses TaskU...More..

The FAA is banning some MacBook Pros from flights-here's why
by | Friday, August 16, 2019

The FAA is banning some MacBook Pros from flights-here's why

Apple's recall affects 15-inch Macbook Pro models sold between September 2015 and February 2017. Apple said back in June that it had "determined that, in a limited number of older generation 15-inch MacBook P...More..

'One country, two systems': What's behind the Hong Kong protests
by | Wednesday, August 14, 2019

'One country, two systems': What's behind the Hong Kong protests

Nearly 75 million passengers travelled through Hong Kong Airport in 2018, making it the eighth busiest airport in the world and the fourth busiest in Asia. "The average monthly salary in Hong Kong is around $...More..

Flint Bishop Airport adding new nonstop flights to Florida
by | Wednesday, August 14, 2019

Flint Bishop Airport adding new nonstop flights to Florida

The Sarasota flights mark the 32 non-stop destination and Allegiant's tenth route from Louisville. "As Allegiant continues to strengthen its presence at MidAmerica Airport and adds a new route to its roster o...More..

New Porsche Cayenne & Cayenne Coupe E-Hybrid models announced
by | Wednesday, August 14, 2019

New Porsche Cayenne & Cayenne Coupe E-Hybrid models announced

All Cayenne Turbo S E-Hybrid models are easily distinguishable by the acid green color around their badges and brake calipers. 0 to 100 comes up in 3.8 seconds with a top speed limited to 294 kmph. That's s...More..

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
by | Tuesday, August 13, 2019

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

As part of this new agreement, Jio will move its internal workforce to productivity and collaboration tools available with Microsoft 365 and will migrate its non-network applications to the Microsoft Azure cl...More..

Will delay tariffs on Chinese cellphones, laptops, video games
by | Tuesday, August 13, 2019

Will delay tariffs on Chinese cellphones, laptops, video games

Stock markets cheered the development, with the Dow Jones Industrial Average jumping 500 points or nearly two per cent from Monday's close. "Maybe this will be different!" the president wrote. Most of the lev...More..

Apple leads Wall Street rally as US delays on tariffs
by | Tuesday, August 13, 2019

Apple leads Wall Street rally as US delays on tariffs

Trade Representative said Tuesday that while new tariffs are taking effect for some products on September 1, " certain products are being removed from the tariff list based on health, safety, national security...More..

United Kingdom power cut: National Grid rules out cyber-attack
by | Tuesday, August 13, 2019

United Kingdom power cut: National Grid rules out cyber-attack

She said the problem was with the National Grid's transmission network , which distributes high voltage energy from power stations across the UK. The media gave this information. Power was quickly restored i...More..

Britain's GDP sees first contraction in Q2 since 2012
by | Tuesday, August 13, 2019

Britain's GDP sees first contraction in Q2 since 2012

In the most startling economic warning sign since the 2016 Brexit referendum, gross domestic product stood at -0.2 percent for the three months leading to June, compared with the previous quarter. What is the...More..

Verizon announces sale of Tumblr to Automattic, the owner of WordPress
by | Tuesday, August 13, 2019

Verizon announces sale of Tumblr to Automattic, the owner of WordPress

Unfortunately, terms of the deal haven't been disclosed yet, so we have no idea how much Automattic will pay for the acquisition, nor when the deal will close. Automattic will carry on with the porn ban on Tum...More..

Olive Garden announces never ending ‘Lifetime Pasta Pass’
by | Tuesday, August 13, 2019

Olive Garden announces never ending ‘Lifetime Pasta Pass’

Now if you used the Lifetime Pasta Pass once a day for the next 60 years, each visit would cost less than three cents and the $500 you shelled out for the card would be paid off by your 45th bowl. After years...More..

Nike launches sneaker subscription service for kids
by | Tuesday, August 13, 2019

Nike launches sneaker subscription service for kids

Nike has good reason to get into the subscription box services game, according to Greg Petro, CEO of predictive analytics company First Insight, who noted that his firm's latest research shows about 25% of con...More..

Air Canada's sweetened bid for Transat a fair offer: shareholder
by | Tuesday, August 13, 2019

Air Canada's sweetened bid for Transat a fair offer: shareholder

Now Air Canada has announced that it has agreed to increase the purchase price for the acquisition of all issued and outstanding shares of Transat, from $13 to $18 per share, making the acquisition a $720 milli...More..

Trade War could Lead US into Recession, Goldman Sachs Warns
by | Tuesday, August 13, 2019

Trade War could Lead US into Recession, Goldman Sachs Warns

The trade war between the United States and China escalated in recent weeks after Trump's surprise announcement of 10% tariffs on the remaining $300 billion in Chinese imports that had eluded previous duties,...More..

Walmart Removes Images of Violence in Stores After Shooting
by | Tuesday, August 13, 2019

Walmart Removes Images of Violence in Stores After Shooting

The company noted that it is neither halting sales nor removing any games from the stores. IGN apologizes for any confusion or alarm this may have raised. Matt Kim is a reporter for IGN . Despite the pl...More..

Model S Crashes Into Tow Truck In Russia, Injuring Three People
by | Tuesday, August 13, 2019

Model S Crashes Into Tow Truck In Russia, Injuring Three People

According to reports , the vehicle was on Autopilot at the time of the accident. Asked in a video published on REN TV website if he was using an Autopilot self-driving system, driver Alexei Tretyakov sai...More..

China official says Hong Kong is at a ‘critical juncture’
by | Monday, August 12, 2019

China official says Hong Kong is at a ‘critical juncture’

The airport authority stopped all check-in procedures and canceled all flights that were not already boarded or en route to Hong Kong International Airport, one of the busiest flight terminals in the world. T...More..

Cathay Pacific shares tank as it caves into China demands
by | Monday, August 12, 2019

Cathay Pacific shares tank as it caves into China demands

While Chief Secretary Carrie Lam has suspended the bill, protesters are demanding that the legislation be completely withdrawn and that Lam resigns. A massive traffic jam soon formed on the highway leading ba...More..

Jio GigaFiber and JioPhone 3 to launch on Monday
by | Monday, August 12, 2019

Jio GigaFiber and JioPhone 3 to launch on Monday

Ambani had, in the RIL AGM previous year, opened up the registration process for GigaFiber. "Jio and Microsoft have entered into a long-term alliance to accelerate the digital transformation of India to lau...More..