Economy


Starbucks to close over 8000 stores today for employee diversity training Starbucks to close over 8000 stores today for employee diversity training
- May 30, 2018

Haddad, like others across the country, was a bit suspicious of Starbucks' motives in closing down its stores. One afternoon wouldn't really be "moving the needle on the biases", especially with a company that has as many employees as Starbucks, he said . (more...)
New privacy law forces some United States media offline in Europe New privacy law forces some United States media offline in Europe
- May 26, 2018

We run a lot of competitions on UKC - around 2 or 3 a week sometimes. The Equifax hack past year was particularly bad because the information leaked could be used to open credit cards . Failure to report data breaches will also now carry substantial financial penalties of upto €20 million or four per cent of annual turnover, whichever is greater. (more...)
The last thing Beijing needs at this time is a trade war The last thing Beijing needs at this time is a trade war
- May 26, 2018

The European Union, by comparison, has a 10 percent levy on foreign-made cars entering its borders. President Trump on Tuesday said he was not happy about the progress of trade talks with China - but also suggested that the USA would likely cut a deal to keep Chinese telecommunications giant ZTE in business. (more...)
German FM: Europe 'Very United' On Decision To Stay In Iran Deal German FM: Europe 'Very United' On Decision To Stay In Iran Deal
- May 24, 2018

The US has "deep enmity with" Iran, he said, adding that Washington intends to "destroy the power factors of the Islamic republic", Xinhua reported. President Trump orders the Justice Department to investigate the Russian Federation investigation. "Mr Pompeo and other US officials in the current administration are prisoners of their wrong illusions, prisoners of their past and have been taken hostage by corrupt pressure groups", he told state television. (more...)
Trump Initiates Trade Inquiry That Could Lead to Tariffs on Foreign Cars Trump Initiates Trade Inquiry That Could Lead to Tariffs on Foreign Cars
- May 24, 2018

It was not clear, however, whether Trump's tweet was referring to a possible breakthrough in the talks. Trump had signaled the move on Twitter earlier on Wednesday, writing: "There will be big news coming soon for our great American autoworkers". (more...)
Ariana Grande sends love to fans on Manchester massacre anniversary Ariana Grande sends love to fans on Manchester massacre anniversary
- May 23, 2018

The pop star tweeted early Tuesday morning that she was thinking of the survivors and the families of victims. "I love you with all of me and am sending you all of the light and warmth I have to offer on this challenging day", she wrote. (more...)
RED announces AT&T, Verizon (US) & Telcel (Mexico) as Hydrogen One Carrier Partners RED announces AT&T, Verizon (US) & Telcel (Mexico) as Hydrogen One Carrier Partners
- May 18, 2018

Updated 2:14 p.m. PT to correct full name of phone ("Hydrogen One", not just "Hydrogen"). We still don't know exactly when RED Hydrogen One pre-orders will start being fulfilled, let alone when sales are supposed to begin for new buyers, but both Verizon and AT&T are throwing their weight behind the mobile "4-View holographic" project. (more...)
How will the Iran deal collapse impact crude prices How will the Iran deal collapse impact crude prices
- May 18, 2018

Brent crude oil reached an intraday peak of $79.47 a barrel, up $1.24 and its highest since November 2014, before retreating to $78.14, down 9 cents by 10:09 EDT. Oil rose to $80 a barrel in London for the first time since 2014 as US crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran. (more...)
Adnoc to supply first oil cargo for Indian emergency reserve Adnoc to supply first oil cargo for Indian emergency reserve
- May 14, 2018

Downstream Investment Forum is a very important forum and UAE is a reliable partner of India. They produce some 40 million tons per year of refined products, and a range of other products, including granulated urea, liquefied petroleum gas (LPG), naphtha, gasoline, jet fuel, gas oil and base oils, fuel oil, and other petrochemical feedstock. (more...)
Elon Musk boasted nearly finished the tunnel under Los Angeles Elon Musk boasted nearly finished the tunnel under Los Angeles
- May 12, 2018

The additional red tape must be dealt with before the tunnel is converted to a fully functional service, however. Before any member of the public can go for a ride through the tunnel, presumably on one of the company's proposed sleds, The Boring Company will need regulatory approval. (more...)
BOE downs the pound, weak US CPI hardly helps BOE downs the pound, weak US CPI hardly helps
- May 11, 2018

The outlook and the main factors shaping it are broadly similar to those set out in the previous Report. But the Bank said it expected Q1 growth figures to be revised higher, estimating underlying growth at around 0.3%, while it added activity would bounce back in the second quarter. (more...)
ZTE to cease operations of main business due to U.S. sanctions ZTE to cease operations of main business due to U.S. sanctions
- May 11, 2018

The US hit the company with a $1.2 billion fine, but agreed to suspend an export ban for a three-year probation period. The Commerce Department slapped ZTE with a seven-year product sales prohibit in an instance between exports of electrical gear into Iran along with North Korea. (more...)
Deepika All Set For Cannes Deepika All Set For Cannes
- May 11, 2018

She completed this look with some fantastic red Christian Louboutin shoes. Keeping it simple and basic she wore black sari with a basic sleeveless blouse. Deepika slayed it in style in different attires mostly in Loreal makeup, dressed by Philosophy and shoes by Alberta Ferretti. The last look, at the time of reporting, Deepika posed with the Cannes' waters playing as the background. (more...)
Arab League Stresses Need to Review Iran Nuclear Deal Arab League Stresses Need to Review Iran Nuclear Deal
- May 10, 2018

The 2015 accord among the U.S., Iran , Germany, France, the United Kingdom, Russia, China and the European Union provided sanctions relief to Tehran in exchange for curbing its nuclear program. The South Asian nation's imports from Saudi Arabia were up 1.9% to about 811,000 bpd, but the big mover was imports from Iraq, up a massive 45% to 1.13-million bpd. (more...)
Valeant Pharmaceuticals International (VRX) PT Set at $16.00 by HC Wainwright Valeant Pharmaceuticals International (VRX) PT Set at $16.00 by HC Wainwright
- May 09, 2018

The stock remained 3.28 percent unpredictable for the recent week and 3.3 percent for the last month. (NYSE: VRX)'s stock was -12.61%. It has outperformed by 30.45% the S&P500. (NYSE: VRX ). Gabelli Funds Limited reported 0.01% stake. Also, there are 0 buy, 0 sell and 3 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation. (more...)
Comcast might snag 21st Century Fox from Disney Comcast might snag 21st Century Fox from Disney
- May 09, 2018

If the deal does proceed, however, and Comcast edges in to steal Disney's thunder, then it will simultaneously interrupt the company's efforts to "reunite the X-Men, Fantastic Four , and Deadpool " with the rest of the established Marvel Universe, much to fan disapproval. (more...)
Here's why Warren Buffett isn't anxious about Berkshire Hathaway when he retires Here's why Warren Buffett isn't anxious about Berkshire Hathaway when he retires
- May 09, 2018

Fellow billionaire and Gates pal Warren Buffett said the largest cryptocurrency is "probably rat poison squared" at Berkshire Hathaway's annual shareholder meeting on Saturday. The endorsement was well received and Apple CEO Tim Cook responded to the endorsement and appreciation in kind in a statement where he said , "On a personal level, I've always greatly admired Warren and have always been grateful for his insight and advice". (more...)
Genus plc (LON:GNS) Ratings Summary as of May 6, 2018
- May 08, 2018

The firm has "Buy" rating by Peel Hunt given on Thursday, December 14. The stock of Sirius Minerals Plc (LON:SXX) has "Buy" rating given on Monday, February 26 by Liberum Capital. Nine Masts Cap Limited invested in 56,400 shares or 0.13% of the stock. Funds hold 664.17 million shares thus 0.25% less from 2017Q3's 665.82 million shares. (more...)
Retired Prison Guard Eats His 30000th Big Mac Retired Prison Guard Eats His 30000th Big Mac
- May 08, 2018

Gorske also made a promise to his mother who requested that he will not eat Big Mac on the day of her death, so he didn't eat one when she died on April 27, 1988 . He has an impressive collection of receipts, burger wrappers, and containers. He even has the day when McDonald's switched to shredded lettuce marked down: February 10, 1999. (more...)
Cybersecurity uncharted territory, risks to get worse: Warren Buffett Cybersecurity uncharted territory, risks to get worse: Warren Buffett
- May 07, 2018

Buffett made his assessment before tens of thousands of Berkshire shareholders attending the conglomerate's annual meeting on Saturday in Omaha , Nebraska. Buffett's initial commitment to Apple surprised many given his usual aversion to companies in the technology sector, but the billionaire views Apple more as a consumer products company. (more...)
(MRK) Shares Sold by Retirement Systems of Alabama (MRK) Shares Sold by Retirement Systems of Alabama
- May 07, 2018

MRK underperformed by 26.49% the S&P500. Tygh Capital Management Inc decreased its stake in Fabrinet (FN) by 50.51% based on its latest 2017Q4 regulatory filing with the SEC. The positive are 79%. As per Thursday, April 26, the company rating was maintained by BMO Capital Markets. The stock has a consensus rating of "Hold" and a consensus price target of $66.35. (more...)
Mukesh Ambani's Daughter Isha Ambani To Marry Anand Piramal In December Mukesh Ambani's Daughter Isha Ambani To Marry Anand Piramal In December
- May 07, 2018

Looks like wedding bells are ringing in Ambanis who are the most powerful family in India. The couple have been friends for a long time and their families share a four decade-long friendship. Akash and Shloka, who have studied together at Dhirubhai Ambani International School in Mumbai and have been close friends for years, got engaged at a five-star resort in Goa . (more...)
Timeline on 2 days of showers and storms for MI Timeline on 2 days of showers and storms for MI
- May 07, 2018

Temperatures are in the lower to middle 70s. Weakening showers and thunderstorms to end Thursday evening. Some 90° weather looks possible next Sunday. It will be cooler with highs in the middle 60s. Overnight lows cool into the low-mid 50's under partly cloudy skies. Temperatures out-the-door are running mostly in the 60s and with that mild start, expect another warm finish later on today . (more...)
HSBC share price heads south despite $2bn buyback HSBC share price heads south despite $2bn buyback
- May 05, 2018

In mid morning trading, HSBC shares topped the FTSE 100 fallers list, down 3% t0 700p. HSBC unexpectedly set aside $897 million related to a USA investigation into the historic sale of toxic US mortgage bonds. Cross-town rival Standard Chartered reported this week that it was on track to hit a target of 8 per cent return on equity in the medium term. Mark Tucker , the former head of insurer AIA, became the chairman of HSBC in October, taking over from Douglas Flint. (more...)
'Unbreakable Kimmy Schmidt' Fans are Not Pleased Netflix is Ending the Series 'Unbreakable Kimmy Schmidt' Fans are Not Pleased Netflix is Ending the Series
- May 05, 2018

Filming is only half-way complete on the run, delayed so that co-creator Tina Fey could launch her Tony-nominated Mean Girls musical on Broadway, so there's no chance of an abrupt end for the Emmy-favored comedy. The series was the first original half-hour comedy show that the streaming site premiered, and it became and an immediate classic. This revelation follows news that the fourth and final season will be split in two. (more...)
Why is May 4 known as Star Wars day? Why is May 4 known as Star Wars day?
- May 04, 2018

We've got just a few weeks left until we find out whether Han Solo's origin film is worth a damn when the spin-off Solo: A Star Wars Story hits theaters. Han Solo wished Luke Skywalker by saying "May the Force be with you". It's a Jedi play on words. The most valuable Star Wars toys: are you sitting on a FORTUNE? Board the Millennium Falcon and journey to a galaxy far, far away in Solo: A Star Wars Story , an all-new adventure with the most beloved scoundrel in the galaxy. (more...)
Spotify misses on revenue in first earnings report since IPO Spotify misses on revenue in first earnings report since IPO
- May 03, 2018

The losses were down from 139 million euros (RM 655,240,335.75) in the same quarter a year earlier and figured within the company's expectations. At the closing bell and before the slide in share price, Sweden-based Spotify sported a $30.3 billion market cap, which dwarfs that of USA -based Pandora, with a market cap of $1.4 billion. (more...)
Southwest Airline makes emergency landing after window cracks mid-flight Southwest Airline makes emergency landing after window cracks mid-flight
- May 03, 2018

Passengers on the plane described her as having nerves of steel and said after the plane landed safely she made sure to talk to them to make sure they were okay. She said it was inspected last month. He said the pilot did not declare an emergency but did ask to divert to a nearby airport. The plane has been taken out of service for a maintenance review, but some people aren't convinced to fly on the airline again. (more...)
Nikola to sue Tesla over truck cab design Nikola to sue Tesla over truck cab design
- May 03, 2018

Nikola filed the lawsuit Tuesday in Arizona federal court. Founded in the year 2014, Nikola launched two of its products in May, 2016 which includes an electric four-wheel offroad vehicle and a hydrogen-electric semi truck . Patent Nos. Still, on November 16, Tesla unveiled its truck and "almost immediately" received orders and saw its market share jump by about $2 billion, the suit says. (more...)
Amazon Makes Formal Bid for Flipkart Amazon Makes Formal Bid for Flipkart
- May 03, 2018

Walmart has said that it would retain Flipkart's current structure, keeping current CEO Kalyan Krishnamurthy at the company's helm. The report also said that Amazon was seeking a non-compete agreement with Flipkart . That's before Amazon made its entry into this market, Walmart's deal with Bharti was called off in 2013 when Amazon was well established in India . (more...)
Cricket Australia CEO Leaves Door Open for David Warner & Co to Return Cricket Australia CEO Leaves Door Open for David Warner & Co to Return
- May 02, 2018

The scandal saw then-captain Steve Smith and his deputy David Warner banned for a year, with Bancroft suspended for nine months. Former Australia cricketers Shane Watson and George Bailey will sit on a panel that includes the likes of Test captain Tim Paine and paceman Pat Cummins as the nation attempts to move on from the ball-tampering saga. (more...)
Windows April 2018 Update Focuses On Time Management Windows April 2018 Update Focuses On Time Management
- May 02, 2018

Microsoft made the Windows 10 April 2018 update available today to general consumers, and I am sure the majority of our readers who are not already Insiders have jumped in head first to try new features such as the new Emoji panel and all the new Edge improvements. (more...)
Mueller team gives Trump lawyers a list of questions Mueller team gives Trump lawyers a list of questions
- May 02, 2018

The Ukraine-related changes to the Republican Party platform. Trump's casual lie about the nature of Mueller's questions illustrates why his legal advisers think it's risky for the president to sit down for an interview with the special counsel. (more...)
Patton Oswalt Stunned: Credits Late Wife in Golden State Killer Case Patton Oswalt Stunned: Credits Late Wife in Golden State Killer Case
- April 30, 2018

He initially targeted women who were home alone at night, but as time went on, he got bold and victimized couples as well. She received an M.F.A.in fiction from the University of Minnesota, a background that shows in the book-she writes with flourish and attention to suspense, and the book garnered comparisons to Truman Capote's In Cold Blood in NY magazine and Slate when it was published. (more...)
May rate rise on ice as GDP data 'worse than feared' May rate rise on ice as GDP data 'worse than feared'
- April 29, 2018

Analysis from economists at PwC earlier this month said that GDP growth could fall as low as 0.2 per cent for the first quarter, down from 0.4 per cent at the end of a year ago. As usual, services, the dominant sector of the United Kingdom economy, accounted for the majority of growth over the data period. However, some BoE policymakers have said early estimates of first-quarter GDP are often revised up - on average, by 0.3 percentage points - particularly at times of harsh weather. (more...)
Today Analysts Focus on Micron Technology, Inc. (MU), Intel Corporation Today Analysts Focus on Micron Technology, Inc. (MU), Intel Corporation
- April 29, 2018

The firm's revenue was up 8.8% compared to the same quarter last year. equities analysts predict that Intel will post 3.54 earnings per share for the current fiscal year. David R Rahn & Associates holds 33,121 shares or 1.37% of its portfolio. Ifc Fl has invested 0.16% in Intel Corporation (NASDAQ: INTC ). Intel Corporation designs, manufactures, and sells computer, networking, and communications platforms worldwide. (more...)
Rise in interest rates spark panic on Wall Street Rise in interest rates spark panic on Wall Street
- April 29, 2018

The Dow Jones industrial average finished with a loss of 424.56 points, or 1.7 percent, to 24,024.13. The S&P 500 index added 4.84 points, or 0.2 percent, to 2,639.40. the rates which are moving higher is pushing the stocks lower with the Dow dropping by more than 400 points. The company reported better-than-expected first-quarter earnings and boosted its full-year sales and profit forecast but did not raise its 2018 cash-flow projections. (more...)
Boeing Co's (NYSE:BA) Sentiment is 0.79 Boeing Co's (NYSE:BA) Sentiment is 0.79
- April 28, 2018

Vetr downgraded Boeing from a "strong-buy" rating to a "buy" rating and set a $368.72 target price for the company.in a research note on Tuesday, April 10th. Colony Group Llc sold 6,463 shares as the company's stock rose 8.82% while stock markets declined. The company said it would raise production for the Boeing 767 plane from 2.5 to 3.0 per month due to strength in the cargo market as industrial demand picks up. (more...)
Microsoft Shares Wobble Despite 16% Lift In Revenues Microsoft Shares Wobble Despite 16% Lift In Revenues
- April 27, 2018

Microsoft stock is up 10 percent since the beginning of 2018. "Our results this quarter reflect the trust people and organisations are placing in the Microsoft Cloud". In an interview, Amy Hood , the company's chief financial officer , described the quarter as a "very strong" performance, "driven by the ongoing demand for our cloud services". (more...)
MPs up pressure, minister casts doubts on UK's Brexit customs plan MPs up pressure, minister casts doubts on UK's Brexit customs plan
- April 27, 2018

Pro-European MPs say there is growing support for a change of tack, and many took part in a House of Commons debate Thursday backing a customs union. Speculation that Theresa May could accept a customs union has mounted since her Lords defeat last week, prompting reports that senior Brexiteers including Boris Johnson would reject any dilution of her "red line" on withdrawal. (more...)