Solid October Jobs Report

However, the GM strike did have a big impact on these numbers, taking as much as 42,000 off the top for October. Striking workers who do not receive a paycheck during the payrolls survey period are treated as unemployed. As per the IHS Markit surve... More..

by | Published more than a month ago
Facebook Pays $643000 Fine For Role In Cambridge Analytica Scandal
by | Friday, November 01, 2019

Facebook Pays $643000 Fine For Role In Cambridge Analytica Scandal

The UK's Information Commissioner's Office (ICO) slapped the fine, the maximum penalty under the law, on Facebook in October 2018 , after conducting an investigation into how Facebook allowed third-party d...More..

IndiGo orders 300 Airbus jets
by | Thursday, October 31, 2019

IndiGo orders 300 Airbus jets

Ronojoy Dutta , chief executive Officer of IndiGo , added: "This order is an important milestone, as it reiterates our mission of strengthening air connectivity in India, which will in turn boost economic grow...More..

Huawei Is Doing Tremendous In China As Increase In Domestic Smartphone Shipments
by | Thursday, October 31, 2019

Huawei Is Doing Tremendous In China As Increase In Domestic Smartphone Shipments

Huawei , the world's Number 2 maker of smartphones, was all but banned by the United States in May from doing business with American companies, significantly disrupting its ability to source key parts. In the...More..

GM slashes earnings forecast, citing weeks-long labor strike
by | Thursday, October 31, 2019

GM slashes earnings forecast, citing weeks-long labor strike

GM on Tuesday said net income for July to September fell 8.7 percent on year to 2.3 billion dollars. GM said it now expected full-year adjusted earnings per share between US$4.50 to US$4.80, down from its pre...More..

Boris Johnson launches Tory election campaign against Brexit backdrop
by | Thursday, October 31, 2019

Boris Johnson launches Tory election campaign against Brexit backdrop

Well, the United Kingdom is now scheduled to leave the European Union on 31 January 2020, but what happens in the lead-up to this will depend largely on the outcome of the general election in December - and jud...More..

Fiat Chrysler in merger talks with Peugeot
by | Thursday, October 31, 2019

Fiat Chrysler in merger talks with Peugeot

The Agnelli and Peugeot families held talks a decade ago, before Fiat chose to pursue Chrysler. With the move, FCA , created from a marriage between Italy's Fiat and America's Chrysler - which was part o...More..

Australian Regulator Files Lawsuit Against Google for Data Collection
by | Thursday, October 31, 2019

Australian Regulator Files Lawsuit Against Google for Data Collection

The watchdog is arguing that consumers were led to believe that Location History was the only setting that needed to be switched off. NZ Privacy Commissioner John Edwards welcomed the move, but said it woul...More..

Woolworths pay review to extend to liquor business
by | Thursday, October 31, 2019

Woolworths pay review to extend to liquor business

The revelation was reported today by The Australian after Woolworths uncovered the payment issues in a review following the implementation of a new enterprise agreement . It said the majority of the staff af...More..

US Consumer Confidence Drops in October
by | Thursday, October 31, 2019

US Consumer Confidence Drops in October

US Dollar selling pressure picked up after the Conference Board's US Consumer Confidence Index for October crossed the wires at 125.9, which compares to market estimates of 128.0 and prior reading of 125.1. ...More..

Bank of Canada likely to stand pat in October
by | Thursday, October 31, 2019

Bank of Canada likely to stand pat in October

The bank said government spending and low borrowing rates are now supporting domestic demand, and activity in the services sector remains robust. An interest-rate cut at the central bank's next policy meeting...More..

Ford to lay off 450 workers from Oakville assembly plant
by | Thursday, October 31, 2019

Ford to lay off 450 workers from Oakville assembly plant

U.S. automaker Ford said Monday it would lay off about 450 employees in Canada as it ends production of two vehicles now assembled there. "New or expanded vehicle allocation is urgently needed to prevent pe...More..

Molson Coors launches revitalisation plan following weak Q3 results
by | Thursday, October 31, 2019

Molson Coors launches revitalisation plan following weak Q3 results

At the beginning of the year, the company will be renamed Molson Coors Beverage Co. with the business units in the United States, Latin America and Canada coming under one North American unit; the remainder of ...More..

U.S. central bank cuts rates for third time to prop up economy
by | Wednesday, October 30, 2019

U.S. central bank cuts rates for third time to prop up economy

President Trump and Wall Street are looking for signals of how much more the Fed will lower rates heading into the presidential election. "If developments emerge that would cause a material reset of our outlo...More..

Fiat Chrysler may merge with French carmaker Peugeot
by | Wednesday, October 30, 2019

Fiat Chrysler may merge with French carmaker Peugeot

A spokesman for PSA said he could not react to market rumors, while Turin-based Fiat also declined to comment. Pressure has mounted on the sector in recent years as carmakers face a slowdown in global deman...More..

Trade deal optimism lifts S&P near record high
by | Wednesday, October 30, 2019

Trade deal optimism lifts S&P near record high

Stock indexes were mixed in afternoon trading on Wall Street Thursday as solid profits and forecasts from several technology companies offset a batch of disappointing earnings reports. In his last meeting as pr...More..

Who handles what? BKPM's announcement on immediate nickel export ban stirs controversy
by | Wednesday, October 30, 2019

Who handles what? BKPM's announcement on immediate nickel export ban stirs controversy

The Indonesia's Investment Coordinating Board (BKPM) said the meeting aims to propose specific actions to promote investment in the metallurgy industry . Nickel smelters across the world are now facing the h...More..

SoftBank to write down minimum $5 billion for WeWork, other losses
by | Wednesday, October 30, 2019

SoftBank to write down minimum $5 billion for WeWork, other losses

WeWork's new Chairman, Marcelo Claure, who is also a SoftBank exec, reportedly addressed WeWork's staff on Wednesday at an all-hands meeting where he said that "The money worries should be gone by now, rig...More..

Trump blasts Fed as policymakers meet on rates
by | Wednesday, October 30, 2019

Trump blasts Fed as policymakers meet on rates

A rate cut this week would mean the Fed has erased three of the four rate increases past year when the economy was picking up steam, before the tariff battle began to slow activity and freeze investment. The Eu...More..

GM, Toyota, Fiat Chrysler seek to intervene in California emissions suit
by | Wednesday, October 30, 2019

GM, Toyota, Fiat Chrysler seek to intervene in California emissions suit

But Washington stripped the state of its decades-old right to set its own auto pollution regulations in September , arguing that higher standards depressed the new auto market and kept older and more unsafe ve...More..

Maker of TikTok denies plans for HK listing
by | Wednesday, October 30, 2019

Maker of TikTok denies plans for HK listing

ByteDance is the Chinese company behind the hot short-form video app, which is famous for its popularity with younger demographics. Underscoring the extent to which sentiment towards Chinese companies is worse...More..

Google ad revenues up despite net income dip
by | Wednesday, October 30, 2019

Google ad revenues up despite net income dip

Executives said the company will keep spending to pursue opportunities in cloud, artificial intelligence and consumer hardware. Revenues on third-party site advertising in Google's network accounted for $6.4b...More..

Amazon Is Making Grocery Delivery Free to Prime Customers
by | Wednesday, October 30, 2019

Amazon Is Making Grocery Delivery Free to Prime Customers

Amazon says that it's improved delivery speeds in most regions where Fresh is available, bringing delivery times down to one or two-hour windows. "Given the rapid growth of grocery delivery we expect this wil...More..

by | Wednesday, October 30, 2019

Peugeot owner 'in merger talks with Fiat Chrysler'

At that time, Fiat Chrysler said a deal with Renault offered more advantages than a combination with Peugeot. Fiat Chrysler shares FCAU .N rose sharply after news of the talks and ended up more than 7.5%...More..

Pentagon deal to boost Microsoft's position in cloud computing
by | Tuesday, October 29, 2019

Pentagon deal to boost Microsoft's position in cloud computing

It was definitely considered early on because of AWS' previous contract with the Central Intelligence Agency back in 2013, and Amazon being certified at the highest existing security clearance level, while M...More..

Hong Kong activist Joshua Wong banned from running in local election
by | Tuesday, October 29, 2019

Hong Kong activist Joshua Wong banned from running in local election

Wong, who has been arrested twice since mass protests in the city began in early summer, is the only candidate to have been disqualified from the November 24 poll on grounds of his politics. This time, Wong s...More..

LVMH Is Eyeing a Tiffany Takeover
by | Tuesday, October 29, 2019

LVMH Is Eyeing a Tiffany Takeover

Despite the trade war and turmoil in Hong Kong (which accounts for 6% of sales), things are as smooth as a Dom Pérignon Vintage 1961: LVMH reported a surprise 11% sales bump in Q3. Paris-based LVMH has rise...More..

Space tourism one step closer to take off
by | Tuesday, October 29, 2019

Space tourism one step closer to take off

As part of the deal, Social Capital Hedosophia paid £622m for a 49 per cent stake in the company. Sir Richard Branson , clad in Virgin Galactic's newly revealed spacesuit, rang the trading bell for Virgin ...More..

Popeyes chicken sandwich is back; Here’s when, how to grab ‘the Sandwich’
by | Monday, October 28, 2019

Popeyes chicken sandwich is back; Here’s when, how to grab ‘the Sandwich’

The Louisiana-style fried chicken chain announced its popular chicken sandwich , which sold out two weeks after its debut in August, will officially return to restaurants on Sunday, Nov. Popeyes introduced t...More..

Microsoft tops Amazon for $10 billion defense contract
by | Monday, October 28, 2019

Microsoft tops Amazon for $10 billion defense contract

Trump has been critical of Amazon and CEO Jeff Bezos , especially since Bezos owns the Washington Post newspaper. The result of the competition between Amazon and Microsoft for the Department of Defens...More..

Apple Pay overtakes Starbucks as top mobile payment app
by | Monday, October 28, 2019

Apple Pay overtakes Starbucks as top mobile payment app

Researchers said the change of leadership was the result of the growing number of NFC payment terminals that are compatible with Apple Pay. Starbucks had been a leader in mobile payment apps, though focused o...More..

AT&T to give HBO Max service free to 10 Million wireless customers
by | Monday, October 28, 2019

AT&T to give HBO Max service free to 10 Million wireless customers

AT&T , the company ultimately behind the streaming service, reportedly hopes to have 80 million HBO Max subscribers by 2025. These are a portion of the customers that now pay for an AT&T-owned product such as...More..

Euro Under Pressure Following ECB
by | Monday, October 28, 2019

Euro Under Pressure Following ECB

Central bank meetings on Thursday included the ECB , the Swedish Riksbank and Norway's Norges Bank. "It's clear that with fiscal policy the objectives of monetary policy will be reached sooner and with fewer...More..

GM workers in USA ratify contract to end 40-day strike
by | Monday, October 28, 2019

GM workers in USA ratify contract to end 40-day strike

The vast majority of remaining UAW Local 1112 workers voted against a new contract with General Motors , and it appears that trend was reflected at other GM plants in the country. The four-year deal will now b...More..

Ford's electric Mustang-inspired SUV will finally get its debut
by | Monday, October 28, 2019

Ford's electric Mustang-inspired SUV will finally get its debut

It's expected to hit the market with a price tag approaching the mid-$40K range with a battery expected to carry it more than 325 miles on a charge. The "Mustang SUV" will be Ford's first auto designed and ...More..