Economy


Goldman Sachs to Start Trading Bitcoin Directly Goldman Sachs to Start Trading Bitcoin Directly
- October 04, 2017

A number of other institutional investors have also modified their holdings of GS. New England Asset Management Inc. grew its position in Goldman Sachs Group, Inc . Goldman Sachs Group, Inc . RBC Capital Markets has "Hold" rating and $24000 target. (NYSE:GS), 12 have Buy rating, 1 Sell and 14 Hold. On Monday, October 5 the stock rating was maintained by Barclays Capital with "Overweight". (more...)
Italy's Manufacturing Growth Steady At 6-1/2 Year High Italy's Manufacturing Growth Steady At 6-1/2 Year High
- October 03, 2017

In line with this trend, export orders also rose in September, although the pace of growth slowed from August's 57-month high. A reading above 50 indicates growth. Data compiler IHS Markit said its final purchasing managers' index rose to 56.1 in September from 55.8 in August, up marginally from a preliminary reading of 56.0. (more...)
Guy tweets pictures of aircraft engine ripping apart in mid-air Guy tweets pictures of aircraft engine ripping apart in mid-air
- October 01, 2017

Another passenger tweeted the sardonic caption, "I think the engine has seen better days". Another said they heard a "loud thud and a lot of vibration" before looking out of the window at the horrific scene. The plane was carrying 496 passengers and 24 crew at the time, an Air France spokesperson told AFP news agency. Customers taken care by Air France and rerouting solutions on going. (more...)
Washington distances itself from ambassador's remarks on settlements Washington distances itself from ambassador's remarks on settlements
- October 01, 2017

Later on Thursday night, Israeli soldiers abducted four Palestinians from Ya'bad town, near the northern West Bank city of Jenin, and one from Silat al-Harithiya, west of Jenin. "I just want to be clear that our policy has not changed", she added, with emphasis. " I don't know where that came from ", Nauert said about Friedman's " 2 percent " assessment. (more...)
Germany on alert after blackmailer threatens to poison food Germany on alert after blackmailer threatens to poison food
- October 01, 2017

In this September 28, 2017 photo Police Vice President Uwe Stuermer, second left, of the police department in Konstanz and Ministerial Council Petra Mock, left, speak at a news conference in Konstanz, Germany . Police and US military officials in Germany are warning consumers who buy food or medicine on the local economy to look out for tampered products after jars of baby food in southern Germany were found to be poisoned . (more...)
Whole Foods Market Reports Breach Whole Foods Market Reports Breach
- September 30, 2017

It has been made clear that Amazon was not impacted by the breach as it does not have any direct connections to the affected systems. The disclosure follows a series of high-profile breaches in which credit card or other customer data were stolen from corporate hands, often via weaknesses in Internet-linked systems. (more...)
More reports of sexual violence against Rohingya — UN agency More reports of sexual violence against Rohingya — UN agency
- September 29, 2017

The United Nations says a planned visit to Rakhine state, which has seen a mass exodus of Rohingya, has been cancelled by the Myanmar authorities. Aid groups said in a joint statement they were: "increasingly concerned about severe restrictions on humanitarian access and impediments to the delivery of critically needed humanitarian assistance throughout Rakhine State". (more...)
New Expedia CEO Has a Hard Act To Follow New Expedia CEO Has a Hard Act To Follow
- September 27, 2017

It highlighted Uber's approach to reporting serious criminal offences, obtaining medical certificates and background checks on drivers, and its explanation of the use of "greyball" software that it said could be used to thwart regulators. (more...)
One more look at Eagles kicker Jake Elliott's record breaker One more look at Eagles kicker Jake Elliott's record breaker
- September 26, 2017

Elliott kicked a 61-yarder as the clock expired to lift the host Philadelphia Eagles to a 27-24 victory over the New York Giants on Sunday. Brissett had a nice game Sunday in the 31-28 survival test against the Browns: 17 of 24, 70.8 percent accuracy, one touchdown pass, no picks, two touchdown runs, 120.0 rating. (more...)
Japan's Abe says he will call snap election for parliament Japan's Abe says he will call snap election for parliament
- September 26, 2017

He added that he would resign as Prime Minister if his party failed to win a majority. Abe rejected criticism that holding an election would create a political vacuum at a time of rising tension over North Korea's missile and nuclear arms program. (more...)
Uber petition tops 500000 signatures calling on TfL to reverse their decision Uber petition tops 500000 signatures calling on TfL to reverse their decision
- September 24, 2017

Stronger regulations around taxi licensing and enforcement are needed, Leeds City Council has said as a row broke out over Uber cabs in the country's capital. In light of those declarations, Khan stated that although he remains a supporter of innovative enterprises, safety and security of the citizens is of utmost priority. (more...)
Newcastle United head to Brighton and Hove Albion after major mood change Newcastle United head to Brighton and Hove Albion after major mood change
- September 24, 2017

Despite finishing top of the Championship last season, Benitez was keen to significantly bolster his squad before the beginning of the new Premier League campaign. Following Krul's departure, a statement on the club's website read ( via Goal ): "Everyone at Newcastle United would like to thank Tim for his long service to the club, and wish him and his family well for the future". (more...)
China confirms will limit oil exports to North Korea China confirms will limit oil exports to North Korea
- September 24, 2017

The North, which says it needs nuclear weapons to protect itself against the threat of invasion by a hostile USA, responded on Friday with a rare personal rebuke from Kim, who called Trump "mentally deranged" and a "dotard" and threatened the "highest level of hard-line countermeasure in history". (more...)
Ryanair CEO to face shareholders amid cancellations trouble Ryanair CEO to face shareholders amid cancellations trouble
- September 23, 2017

Ryanair chief executive Michael O'Leary was expected to face shareholders at the company's annual general meeting yesterday amid a pilot shortage that has forced the budget airline to cancel hundreds of flights. The CAA's view, which I set out in Annex 1 of my letter to you of 16 August, is that Regulation EC261 requires Ryanair to offer passengers on canceled flights alternative travel options, including flying with a different airline. (more...)
Tesla Inc (TSLA) Partners With AMD On Self-Driving Processor Tesla Inc (TSLA) Partners With AMD On Self-Driving Processor
- September 22, 2017

One notable exception is Junli Gu, who mainly worked on deep-learning software for four years at AMD before leaving to build "and lead the machine-learning team at Tesla Autopilot", according to her online bio. Tesla is known for its aspirations to vertically integrate its business as much as possible, and its partnership with AMD could be a move toward that goal. (more...)
Ryanair To Take A Weeks Leave Off Pilots To Solve Ryanair To Take A Weeks Leave Off Pilots To Solve "Mess-Up"
- September 22, 2017

Ryanair Holdings Plc (RYA.L, RYAAY) pilots have rejected a cash bonus offered to them by the airline in exchange for cancelling their leave as the airline grapples with massive flight cancellations. To restore punctuality, it cancelled many flights at short notice; passengers were marooned around Europe . Ryanair's chief executive Michael O'Leary yesterday admitted to a "cock up" over pilot shortages that led him to cancel flights and disrupt the plans of hundreds of thousands of ... (more...)
Gold prices rise as greenback retreats Gold prices rise as greenback retreats
- September 21, 2017

Analysts and investors, however, say they will look more intently at policymakers' forecasts for the end-of-year federal funds rate as an indication of whether a quarter-point increase widely expected in December is likely to occur. According to government sources, Abe is considering calling elections in mid-October or after Trump's visit in November to take advantage of his party's leading position against the opposition party. (more...)
Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low
- September 21, 2017

EDT (1619 GMT), while U.S. West Texas Intermediate (WTI) crude futures gained 91 cents, or 1.8 percent, to $50.39. Meanwhile, the American Petroleum Institute, an industry group, reportedly said Tuesday that US crude inventories had risen by 1.4 million barrels in the week ended September 15. (more...)
Toys Toys "R" Us files for bankruptcy as holiday season approaches
- September 21, 2017

The bankruptcy filing comes just ahead of the holiday season, the busiest time for the year for Toys "R" Us. Dave Brandon , the company's chief executive, emphasised that shops would carry on operating as usual and claimed that the best era of Toys "R" Us was still to come. (more...)
Hurricane Maria Expected to Hit US Virgin Islands, Puerto Rico - NHC Hurricane Maria Expected to Hit US Virgin Islands, Puerto Rico - NHC
- September 20, 2017

The Bahamas could get hit by Maria though, and there are also model runs that show hurricane Maria heading for a landfall further up the USA eastern seaboard. forecasters said. Federal assistance will be directed to the islands, as the hurricane nears. Following a similar path to Irma , Maria is expected to reach the British Virgin Islands on Tuesday night and into Wednesday. (more...)
United Nations says 389000 Rohingyas have fled United Nations says 389000 Rohingyas have fled
- September 18, 2017

But since winning the general election in 2015, many have criticized Aung San Suu Kyi for doing little to quiet the ethnic rivalries within Myanmar. According to the spokesman, Hasina, on the other hand, said Bangladesh was forced to offer refuge to the refugees on humanitarian ground as they fled their home at Myanmar's western Rakhine state to evade atrocities. (more...)
Bitcoin falls as Chinese exchange says it will halt trading Bitcoin falls as Chinese exchange says it will halt trading
- September 16, 2017

Unnamed sources told Bloomberg that Chinese regulators were told of the agenda by a "central bank-led group" considering the risks of cryptocurrency. The price of Bitcoin and almost all other cryptocurrencies has dropped sharply in the last couple of days. China's bitcoin exchanges have received instruction that they will need to stop new user registration from today, September 15. (more...)
Oil rises on stronger demand, supply restrictions Oil rises on stronger demand, supply restrictions
- September 15, 2017

Its next meeting will be on September 23, said Al-Marzouq who indicated that the committee will discuss reports and recommendations regarding the global prices during the event. The numbers show that "Hurricane Harvey's disruptive influence continues", said Smith, director of commodity research at ClipperData. Distillate stocks fell 3.2 million barrels. (more...)
"Technically it did land"-SpaceX debuts a wonderfully absurd blooper reel"
- September 15, 2017

Then he went and did the damn thing. Indeed, the video's cheeky "How Not to Land an Orbital Rocket Booster" and Monty Python theme music all indicate that to Musk , accidentally blowing up hundreds of millions of dollars worth of equipment into tiny little pieces was simply the cost of doing business. (more...)
Electric Cars Dominate The Buzz At Frankfurt Auto Show Electric Cars Dominate The Buzz At Frankfurt Auto Show
- September 14, 2017

Every auto made by the VW Group umbrella - including Audi , Bentley, Bugatti, Seat , and Skoda - will eventually have a fully or partially electric counterpart and 80 new all-electric vehicles will be on the market by 2025. "Daimler is the first company to state explicitly how much electric vehicles are going to hurt margins", said Bernstein analyst Max Warburton. Diess cited plans announced last month to produce the ID Buzz, or an all-electric vehicle hearkening back to the popular ... (more...)
Here's how analysts see Aviva plc (LON:AV) after this past week Here's how analysts see Aviva plc (LON:AV) after this past week
- September 13, 2017

Canaccord Genuity maintained the shares of III in report on Friday, May 12 with "Buy" rating. On Monday, July 17 the stock rating was maintained by Peel Hunt with "Buy". As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations. (more...)
Construction cranes collapse in downtown Miami Construction cranes collapse in downtown Miami
- September 12, 2017

City officials warned residents of nearby buildings to stay away from windows overlooking the crane. And that, he says, is all he needs to hunker down through a massive storm coming straight at him. Streets became rivers as Hurricane Irma brought storm surges. That is about as much as 10 Honda Civics, and it means the cranes can not be moved on a dime. (more...)
Over 8 Million New Yorkers Affected By Data Breach Over 8 Million New Yorkers Affected By Data Breach
- September 12, 2017

All hacked. We're talking names, Social Security numbers, birth dates, addresses, driver's license numbers. Experian Plc, Equifax and TransUnion , the three biggest USA credit-reporting companies, uncovered cases in 2013 where hackers gained illegal, unauthorized access to user information. (more...)
House Passes Bill to Speed Introduction of Self-Driving Vehicles House Passes Bill to Speed Introduction of Self-Driving Vehicles
- September 08, 2017

Traditionally, the federal government has regulated vehicle safety, and states have handled vehicle operations, such as issuing driver licenses. The House bill would put the National Highway Traffic Safety Administration in charge of regulating self-driving vehicle safety and preempt competing rules at the state level. (more...)
Hurricane Katia, third to form in Atlantic Hurricane Katia, third to form in Atlantic
- September 08, 2017

Earlier in the day, Katia was slightly nearer to the Mexican coast, and at about 10 p.m. CDT (0300 GMT) was moving east-southeast at around 2 miles per hour (4 kph), the center said . The Atlantic basin has three active hurricanes for the first time in seven years. Hurricane Irma, one of the most powerful storms on record, is already barreling towards Florida where it could strike as a Category 4 or 5 storm. (more...)
Florida Sens. Rubio, Nelson Skeptical of Trump's Pick for NASA Florida Sens. Rubio, Nelson Skeptical of Trump's Pick for NASA
- September 06, 2017

Bridenstine represents Oklahoma's First Congressional District, where he was first elected in 2012. In the American space Agency have been major staff restructuring . "I am pleased to have Rep. Bridenstine nominated to lead our team", he said in a NASA statement late September 1. His "political baggage" could hold NASA back by throwing in accusations of partisan bias, Rubio tells Politico , and he might not command respect from an organization that values its scientific mission. (more...)
Ponderosa Fire acreage up, but so is containment Ponderosa Fire acreage up, but so is containment
- September 05, 2017

An evacuation center at the Church of Nazarene in Oroville had 15 evacuees Wednesday morning, with the capacity to provide 100 beds if needed, said Lori Nichols, a volunteer with the American Red Cross from Elk Grove. Jerry Brown has declared a state of emergency for the wildfire in rural Northern California that has forced the evacuation of 2,500 homes. The fire is 30 percent contained. (more...)
Job Growth Slowed, unemployment Inched Up in August Job Growth Slowed, unemployment Inched Up in August
- September 02, 2017

Employers in the US added a less-than-expected 156,000 net new jobs. Wages increased by 3 cents to an average of $26.39 an hour, the government said Friday. July's total was cut by 20,000 from 209,000 from 189,000 while June was revised to 210,000 from 231,000. From my seat, today's jobs report doesn't negatively impact this theme. (more...)
Website tracking return of Starbucks' pumkin spice latte Website tracking return of Starbucks' pumkin spice latte
- September 02, 2017

Could we be seeing the arrival of the PSL today ? "Since PSL season is such a popular thing, I went to see if there was a tracker which tells you when they are available and nothing came up", Johnson told Elite Daily . She isn't the only one. "Customers can start prepping for fall with new Starbucks Pumpkin Spice offerings and other returning favorites, for cozy coffee moments at home", Starbucks announced in a press release . (more...)
United Kingdom manufacturing hit a four-month high in August United Kingdom manufacturing hit a four-month high in August
- September 02, 2017

Manufacturing output declined to 54.3 from 56.3, though some survey respondents reported having a greater number of projects in the pipeline. New orders rose for the 33rd consecutive month, while strong demand in Asia helped new export business to rise at its fastest pace since May 2010. (more...)
Domino's and Ford Motor team up to bring you pizza Domino's and Ford Motor team up to bring you pizza
- August 30, 2017

The pilot will be an important test in seeing how customers react to self-driving vehicles, and how the future of food delivery should look. "We need to make sure the interface is clear and simple", Weiner said in a statement . Ford has been developing self-driving vehicles for some time, and announced earlier this year that it invested $1 billion into its driverless auto project in order to reach the market by 2021. (more...)
Uber Chooses A Surprising New Leader: The CEO Of Expedia Uber Chooses A Surprising New Leader: The CEO Of Expedia
- August 30, 2017

Mr Immelt ruled himself out of the race over the weekend, while reports intensified that Ms Whitman was the most likely successor despite her saying she also wasn't interested in the job. But she said last month that she would not lead the company, adding that " Uber has become a distraction" and that she was "fully committed" to Hewlett Packard. (more...)
Amazon's 'Unfair Advantages' and the Grocery Apocalypse Amazon's 'Unfair Advantages' and the Grocery Apocalypse
- August 29, 2017

Amazon's $13.7 billion purchase of Whole Foods, which will be completed on Monday, has been hanging over a brick-and-mortar retail sector unsure of how to respond to the world's biggest online retailer. The company also said certain Whole Foods products will be available through Amazon .com, AmazonFresh, Prime Pantry and Prime Now. "They featured the normal prices and then the new reduced price". (more...)
Uber drama fails to hurt its business, figures suggest Uber drama fails to hurt its business, figures suggest
- August 27, 2017

As a private company, Uber is not required to publicly report its financial results, but earlier this year it began offering a glimpse of its performance by disclosing certain numbers. It bent to mounting pressure from drivers in June by adding the option for customers to tip within the app. Uber said it has paid out more than $50 million in gratuity since then. (more...)
Samsung heir jailed for bribery and embezzlement Samsung heir jailed for bribery and embezzlement
- August 26, 2017

The 49-year-old Lee, who is the heir to one of the world's largest companies, was also found guilty of perjury, embezzlement, and of hiding assets outside of South Korea following a six-month trial. The elder Lee has taken a step back from the company since suffering a heart attack in 2014, with his son expected to take control. The ruling in Lee's case can be appealed against twice. (more...)