Tesla could crash to $10 in 'worst-case scenario'

A Tesla Model 3 sedan, its first auto aimed at the mass market, is displayed during its launch in Hawthorne, California, U.S. March 31, 2016. The analysts, led by longtime Tesla-watcher Adam Jonas, cut their worst-case scenario target to $10 from... More..

by | Published 26 days ago
China seeks Asian neighbors' support in trade fight with US
by | Thursday, May 23, 2019

China seeks Asian neighbors' support in trade fight with US

Goldman Sachs, Nomura Holdings and JPMorgan Chase and Co. are among those that have rewritten their forecasts as Trump threatens to impose a 25% tariff on around $300 billion of additional Chinese imports. Repr...More..

Panasonic suspends some component shipments to Huawei amid U.S. blacklist
by | Thursday, May 23, 2019

Panasonic suspends some component shipments to Huawei amid U.S. blacklist

Lots of uncertainty surrounds 5G in light of the recent security concerns surrounding Huawei . There have been concerns raised about the role played by Chinese firm Huawei, which supplies network equipment t...More..

United States Postal Service Teams Up With TuSimple For Driveless Truck Pilot
by | Wednesday, May 22, 2019

United States Postal Service Teams Up With TuSimple For Driveless Truck Pilot

That's if a trial being carried out by the United States Postal Service (USPS) proves to be successful. Self-driving trucks could help the Postal Service save millions by eliminating human drivers and thus, ski...More..

Arm said to have suspended business with Huawei in potentially crushing blow
by | Wednesday, May 22, 2019

Arm said to have suspended business with Huawei in potentially crushing blow

The Trump administration on Friday blacklisted Huawei - which it accuses of aiding Beijing in espionage - and threatened to cut it off from the USA software and semiconductors it needs to make its products....More..

Japan's economy grew 0.5% in first quarter
by | Wednesday, May 22, 2019

Japan's economy grew 0.5% in first quarter

Preliminary reports had found a mere 0.3% rise for that quarter, and in the previous quarter, Q3 2018, Japan had contracted 0.6%, according to economic information provider Fxstreet . "There are some worrisome...More..

Ryanair blames low fares for 40% profits nosedive | Ireland
by | Wednesday, May 22, 2019

Ryanair blames low fares for 40% profits nosedive | Ireland

It said: "This will range from €750m (£660m) if RPP rises 2%, up to 950 million euros (£830m) if RPP rises 4%". The company had forecast a profit of between €1 billion and €1.1 billion, and a company poll of ...More..

Huawei to unveil own OS within a year
by | Wednesday, May 22, 2019

Huawei to unveil own OS within a year

A company spokesman in Australia said the United States actions "will not impact consumers" with a Huawei tablet or smartphone in the country, or those planning to buy a device in the future. Google's de...More..

Huawei founder defiant in escalating dispute with United States
by | Tuesday, May 21, 2019

Huawei founder defiant in escalating dispute with United States

The world's second-biggest phone maker runs its devices on Google's Android platform outside China , but the U.S. Commerce Department blocked Huawei from buying U.S. The White House has also undertaken a n...More..

Dressbarn to close all of its 650 stores
by | Tuesday, May 21, 2019

Dressbarn to close all of its 650 stores

We're in peak retail apocalypse. The closures could be a blow for some malls across the country where vacancy rates have shot up in recent years, following the shuttering of anchor stores, including Sears, K...More..

Congress losing ground, BJP sitting tight in Karnataka, say exit polls
by | Tuesday, May 21, 2019

Congress losing ground, BJP sitting tight in Karnataka, say exit polls

Thanks to a weakened Congress, which has been hit by defections to the ruling Telangana Rashtra Samithi (TRS) and also to the BJP , the saffron party is looking to come second in at least a handful of parliame...More..

As US ends tariffs, some of Canada's Conservatives wary of shaky deal
by | Monday, May 20, 2019

As US ends tariffs, some of Canada's Conservatives wary of shaky deal

The two countries have also agreed to a process "for monitoring steel and aluminum trade between them". "Now that we've had a full lift on these tariffs we are going to work with the United States on timi...More..

Huawei will use its own chips against U.S. ban
by | Monday, May 20, 2019

Huawei will use its own chips against U.S. ban

A Reuters source in China, who works for a US tech firm, states that none of Huawei's suppliers in the usa can be replaced by suppliers in China for at least a few years. Foreign ministry spokesman Lu Kang, a...More..

Bitcoin breaks $8,000 for the first time in almost a year
by | Monday, May 20, 2019

Bitcoin breaks $8,000 for the first time in almost a year

They also revealed that greatest assets associated with the business were security, privacy and technology. That's because some market participants were relying on covered calls to get out of the dreaded cryp...More..

Does Tesla need to accept its Autopilot system is faulty?
by | Monday, May 20, 2019

Does Tesla need to accept its Autopilot system is faulty?

There was no attempt to avoid the crash by the driver or the Autopilot system . But Tesla says that its autopilot features require "active driver supervision" with their hands on the wheel and that the sys...More..

NTSB: Autopilot was in use before Tesla hit semitrailer
by | Monday, May 20, 2019

NTSB: Autopilot was in use before Tesla hit semitrailer

Initial data also showed the Tesla was traveling at 68 miles per hour, 13 mph above the speed limit, when it hit the truck, whose driver was uninjured. The Tesla Autopilot crash took place on a highway in Palm ...More..

Uber adds quiet mode option in app, but only for luxury rides
by | Saturday, May 18, 2019

Uber adds quiet mode option in app, but only for luxury rides

Uber is rolling out a new quiet mode for riders who want to keep conversation between themselves and their drivers to a minimum . The company has finally launched this feature, but it isn't available for numero...More..

Walmart Announces Free Next-Day Delivery With No Membership Fee
by | Thursday, May 16, 2019

Walmart Announces Free Next-Day Delivery With No Membership Fee

The move will cost Walmart less as orders will be delivered from warehouses closer to the customer and arrive in a single box instead of multiple packages, Lore said. "Our new NextDay delivery isn't just grea...More..

Mnuchin to visit China soon as trade war clouds global economy
by | Thursday, May 16, 2019

Mnuchin to visit China soon as trade war clouds global economy

The number of participants who identified trade war as the main risk for markets rose as well. He noted that the United States purchased more products from China than China purchased from the United Sta...More..

Amazon offers employees $10,000 to quit, launch delivery business
by | Wednesday, May 15, 2019

Amazon offers employees $10,000 to quit, launch delivery business

The company says it will also pay them three months' worth of their salary. Amazon created the Delivery Service Partner program a year ago, and it has reportedly resulted in the creation of more than 200 ...More..

Wall St shudders as trade war intensifies
by | Wednesday, May 15, 2019

Wall St shudders as trade war intensifies

The goods targeted include a broad range of agricultural products. It was the first chance Asian markets had to react to the latest retaliatory measures from China. The S&P 500 index was up 22.54 points at 2,...More..

China Is Raising Tariffs on $60 Billion of US Goods
by | Tuesday, May 14, 2019

China Is Raising Tariffs on $60 Billion of US Goods

The pan-European STOXX 600 index lost 1.21%. Trump tweeted , adding that tariffs can be avoided if manufacturers shift production from China to other countries. He added that USA consumers could avoid the ta...More..

Monsanto must pay couple $2bn in largest verdict yet over cancer claims
by | Tuesday, May 14, 2019

Monsanto must pay couple $2bn in largest verdict yet over cancer claims

They were each awarded $1 billion in punitive damages and an additional $55 million in collective compensatory damages. "The verdict in this trial has no impact on future cases and trials, as each one has its...More..

Trump says China will be 'hurt very badly' if no trade deal
by | Tuesday, May 14, 2019

Trump says China will be 'hurt very badly' if no trade deal

The prospect that the United States and China were spiraling into a fiercer, more protracted dispute that could derail the global economy has rattled investors and led to a sharp selloff on equities markets i...More..

Oil tanker sabotage off UAE raises tension
by | Tuesday, May 14, 2019

Oil tanker sabotage off UAE raises tension

Saudi Arabia claimed that two of its oil tankers were attacked on Sunday while sailing toward the Persian Gulf. Within the context of the United States and its close Arab allies-including the Emirates and Sa...More..

Chinese officials announce tariffs on $60B of USA exports
by | Tuesday, May 14, 2019

Chinese officials announce tariffs on $60B of USA exports

A commentary in Chinese state-run news agency Xinhua, citing Chinese academics at a think tank over the weekend, said that facing USA tariff hike threats, China has adhered to its bottom line, defended nationa...More..

China trade war and its impact globally
by | Tuesday, May 14, 2019

China trade war and its impact globally

The Trump administration asserts, and many independent analysts agree, that Beijing has deployed predatory tactics to try to give Chinese companies an edge in such advanced technologies as artificial intell...More..

Supreme Court allows consumers antitrust suit against Apple
by | Monday, May 13, 2019

Supreme Court allows consumers antitrust suit against Apple

The iPhone giant said it only acted as the intermediary, providing a storefront where consumers found and purchased the apps they later installed on their phones. The court has not declared Apple monopolists ye...More..

Some Perspective On Uber's Opening Day Trading Volume (NYSE:UBER)
by | Monday, May 13, 2019

Some Perspective On Uber's Opening Day Trading Volume (NYSE:UBER)

While both companies are banking on autonomous vehicles in the future to help them establish a profitable business, that is still some ways off, if ever, and there is already considerable skepticism among cus...More..

China stands firm in trade talks with US
by | Monday, May 13, 2019

China stands firm in trade talks with US

China will never surrender to external pressure, the government said on Monday, though stopped short of announcing how Beijing will hit back after Washington renewed its threat to impose tariffs on all C...More..

Tense future for US-China ties, with or without trade deal
by | Monday, May 13, 2019

Tense future for US-China ties, with or without trade deal

Kim Parlee speaks with Fotios Raptis, Senior Economist, TD Bank Group. On Saturday, Trump suggested that China could be waiting to see if he wins reelection next year, but said Beijing would be "much wors...More..

United States to ensure oil supplies to India | newkerala.com #138285
by | Monday, May 13, 2019

United States to ensure oil supplies to India | newkerala.com #138285

US West Texas Intermediate ( WTI ) crude futures were up 13 cents at US$61.83, having earlier hit US$62.49. Crude in NY advanced 0.3%, while changes in the pricing structure of Brent futures contracts in Lon...More..

Canada adds record 106500 jobs in April, unemployment rate dips
by | Monday, May 13, 2019

Canada adds record 106500 jobs in April, unemployment rate dips

The number of people in the labour force jumped by 108,100 in April, also a one-month record, on a surge in youth participation. Canada's unemployment rate dropped to 5.7 percent in April, in line with the ...More..

Stocks tumble around world as U.S.-China trade deadline approaches
by | Monday, May 13, 2019

Stocks tumble around world as U.S.-China trade deadline approaches

In a statement issues Wednesday evening, the National Council of Textile Organizations (NCTO ) said it "appreciates the Trump administration's action to crack down on unfair trade practices from China through ...More..

First details of Dyson's plans for electric auto emerge
by | Sunday, May 12, 2019

First details of Dyson's plans for electric auto emerge

He admitted that drawings in the patents "certainly don't reveal what our vehicle". In an email sent to all his employers, founder James Dyson said that the electric auto is being kept secret until it is ...More..