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Finance

Both companies also said they were open to considering additional vehicle programs in the future. The rollout plan for the pickup trucks built together calls for them to be launched on global markets in 2022, while commercial vans will follow in Europe soon after that.
  • Futures tumble on Apple's China warning ahead of earnings season

    Futures tumble on Apple's China warning ahead of earnings season

    Finance

    The 30-stock index fell to its low of the day right before the close, tumbling as much as 707.83 points. The two nations have been locked in a trade war for much of the past year, disrupting the flow of hundreds of billions of dollars worth of goods and stoking fears of a global economic slowdown.
  • No decision taken on Rs 2,000 note production: DEA Secretary

    No decision taken on Rs 2,000 note production: DEA Secretary

    Finance

    The RBI's annual report , released in August 2018, showed that only 7.8 crore notes of the Rs 2,000 denomination were added in 2017-18, taking the total number of bills in circulation to 336.3 crore as of March 2018. During the same period, the income tax department seized massive amounts of Rs 2,000 notes. The squeeze in the circulation of the Rs 2,000 notes started some time back.
  • Apple shares close almost 10pc lower after China sales warning

    Apple shares close almost 10pc lower after China sales warning

    Finance

    Apple Inc .'s $1,000 iPhone is a tough sell to consumers in China unnerved by an economic slump and the trade war with the U.S. "Don't forget, Apple makes the product in China". An advertisement for Huawei Mate 20 series is seen outside an Apple store, as customers queue before the store opens on the day the new iPhone XR goes on sale in Shanghai, China October 26, 2018.
  • Police mourn after doughnut van perishes in blaze

    Police mourn after doughnut van perishes in blaze

    Finance

    Doughnut distress that struck the Lexington Police Department earlier this week will be remedied by Krispy Kreme. According to WKYT , the fire was quickly extinguished and thankfully no one was injured, but the same can't be said for the truck's precious cargo.
  • Iron Man 2 reunion: Musk friend Larry Ellison named to Tesla board

    Iron Man 2 reunion: Musk friend Larry Ellison named to Tesla board

    Finance

    The tax credit will apply to cars delivered by New Year's Eve. However, the automaker clarified that it is possible to buy from established inventory and still get tax credit if the purchase is consummated by year's end. In November, Tesla joined forces with General Motors and Nissan in an effort to persuade Congress to extend the EV tax credit. Mr Musk and Tesla reached the settlement with the SEC on September 29.
  • Computer virus hits United States newspapers, delaying printed editions

    Computer virus hits United States newspapers, delaying printed editions

    Finance

    According to Light, the virus impacted computer systems of Tribune Publishing Co. that are still shared by the U-T and the Los Angeles Times , which were purchased by Los Angeles billionaire Dr. The West Coast editions of the two NY papers are printed at the same Los Angeles printing facility as the L.A. Times . Even though the Union-Tribune is no longer owned by Tribune Publishing, Light said it is "still transitioning away from the Tribune systems".
  • Sears at Crossroads slated to close in early 2019

    Sears at Crossroads slated to close in early 2019

    Finance

    Lampert put forward a $4.6 billion proposal to buy the company out of bankruptcy through his hedge fund, ESL Investments, on December 6. The accompanying Sears Auto Center at these Sears stores will also be closing, the release says. Last week, a bankruptcy court allowed Sears Holdings to sell its home improvement service businesses to Service.com for $60 million. NY time under procedures outlined in court filings, and Lampert has been the only potential buyer aiming to keep the business ...
  • Oil ETFs Continue to Fall Off on Rising Supply Concerns

    Oil ETFs Continue to Fall Off on Rising Supply Concerns

    Finance

    While economic worries have weighed, the outlook is not as weak as in 2016 when a supply glut built up, because Opec this time is trying to prop up the market, Mr Jakob said. In wider financial markets, investors were still anxious as the S&P 500 Index of equities stands just 7 points away from completing a full-blown bear market drop.
  • Mega Millions winning numbers: Who won the Mega Millions Christmas Day jackpot?

    Mega Millions winning numbers: Who won the Mega Millions Christmas Day jackpot?

    Finance

    Since no one was able to claim the jackpot, the next Mega Millions drawing held on Friday night at 11 p.m. EST will be worth $348 million with a cash option of $210.2 million, according to the Mega Millions website . The odds of hitting the jackpot are one in 302.6 million. The clock is ticking on someone to claim the $1.5 billion-plus Mega Millions lottery prize from a ticket sold in SC.
  • Post Offices Will Stay Open on the Christmas Eve Holiday This Year

    Post Offices Will Stay Open on the Christmas Eve Holiday This Year

    Finance

    On December 25 to January 1 the following services will be unavailable: on demand/specialized services dispatch, customer service centre, which includes the public front counter, call centre and lost and found. Collection routes will run on a one-day delayed schedule. An added day-off will help out the some 7% of Americans who wait until Christmas Eve to buy their final gifts, according to the National Retail Federation per USA Today .
  • What Did the Fed Say to Push the Dollar Down?

    What Did the Fed Say to Push the Dollar Down?

    Finance

    However, the vast majority of today's selling pressure in USA equities was related to yesterday's announcement by the Federal Reserve in which they raised interest rates for the fourth time this year . As investors flocked to the safety of government bonds, U.S. benchmark Treasury yields fell to more than eight-month lows on Wednesday. While he highlighted Powell's focus on solid growth prospects, Naroff said the markets may have wanted the Fed to keep rates on hold next year.
  • Pres. Trump tells GOP leaders he won't sign bill to avoid shutdown

    Pres. Trump tells GOP leaders he won't sign bill to avoid shutdown

    Finance

    The Drudge Report ran the headline: "Trump in Retreat" while Fox News host Laura Ingraham tweeted Wednesday: "It was supposed to be a "big lovely wall" with a 'big attractive door.' Now it's just an open door with no frame". The California Republican says: "I think you'll find that we'll be able to move forward". A vote on a stopgap spending plan that would avoid a partial government shutdown is being delayed as senators debate whether to reauthorize a popular program that supports ...
  • Drones suspend flights at Gatwick Airport in UK

    Drones suspend flights at Gatwick Airport in UK

    Finance

    Gatwick said two drones had been spotted over the airfield at 9:03 p.m., local time, and there were "multiple reports of sightings" since. One tweeter said: "Dear @British_Airways thanks for diverting our plan to Stansted and now Heathrow (even though we were meant to land at Gatwick) and now you're not even letting us off the plane".
  • Microsoft, Amazon respond to Facebook privacy concerns

    Microsoft, Amazon respond to Facebook privacy concerns

    Finance

    That appears to be the case here, too. In their defense, Netflix and Spotify have claimed that they were unaware of the special access . Facebook said it shut down almost all of these partnerships over the past several months, except Apple and Amazon.
  • Farm linked to romaine E.coli outbreak also recalls cauliflower, other lettuce

    Farm linked to romaine E.coli outbreak also recalls cauliflower, other lettuce

    Finance

    The company said none of the recalled products have tested positive for E. coli , but the company was issuing the voluntary recall in cooperation with the FDA out of an abundance of caution. The Centres for Disease Control and Prevention (CDC) and the U.S. Food and Drug Administration said in updates this week that they traced the strain back to a reservoir at a farm owned by Adam Bros.
  • Google Investing $1 Billion in New York City Campus

    Google Investing $1 Billion in New York City Campus

    Finance

    Google plans to invest $1 billion in a new 1.7 million-square-foot Hudson Square campus. Last month, Amazon.com Inc said it would open offices in NY and the Washington, D.C. But Google is not the only company headed to NY for business expansion. "We're growing faster outside the Bay Area than within it", said Ruth Porat, chief financial officer of Alphabet and Google.
  • Mexico will pay for wall with trade, says Trump

    Mexico will pay for wall with trade, says Trump

    Finance

    Warren Davidson said that he had offered what he referred to as a "modest proposal" in the form of his " Buy a Brick, Build a Wall Act ". Earlier Thursday, Trump as part of his latest tweetstorm - he also went after former lawyer Michael Cohen and ex-national security adviser Mike Flynn for cooperating with the feds Russian Federation probe - Trump repeated his claim that Mexico would pay for the wall , but with a twist.
  • The 2018 Farm Bill, All But Passed, Will Legalize Hemp

    The 2018 Farm Bill, All But Passed, Will Legalize Hemp

    Finance

    The compromise bill - released Monday - does not include the strict work requirements for food stamps passed under the House bill earlier this year. The legislation cleared Congress yesterday and is on its way to President Donald Trump for approval.
  • Storm Cancels Thousands Of Flights

    Storm Cancels Thousands Of Flights

    Finance

    Some areas north of Charlotte saw as much as 17 inches of snow. Virginia Gov. Ralph Northam declared a state of emergency to help agencies prepare for the storm expected to hit hardest in the state's south. "Getting out on risky roads could put your life at risk", North Carolina Gov. Roy Cooper said, urging residents to be vigilant about the changing weather conditions.