Markets

Here Are The Companies Who Have Banned Huawei

An internal ARM company memo told employees to halt " all active contracts, support entitlements, and any pending engagements " with Huawei due to the "unfortunate situation", as first reported by BBC . Japanese tech giant Panasonic was the latest to join a growing list of global companies disengaging from Huawei , saying yesterday it had stopped shipments of some components.

United States eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

Huawei's current 4G equipment supplies to Indian companies are unlikely to be hit in the short term, as it reportedly has enough inventory to last for a year. The same general license also lets Huawei work with U.S. mobile carriers to maintain existing telecommunication networks inside the the country. John Neuffer, the president of the Semiconductor Industry Association, which represents USA chipmakers and designers, said in a statement that the association wants the government to ease ...

Dow plunges 700 points amid escalating trade war between US, China

A wave of selling swept through Wall Street Monday after China announced retaliatory tariffs on US goods with the Dow Jones Industrial Average tanking more than 600 points or 2.4 percent lower, and with more blood on the horizon set for the rest of the week.

Antitrust Lawsuit Could Drastically Change the Apple App Store

The Supreme Court is allowing consumers to pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps. And Apple faces charges in Europe of abusing its platform by discriminating against rival apps, including one complaint from streaming music service Spotify.

Chinese envoy insists U.S. trade talks have not broken down

United States and Chinese officials are to resume negotiations later on Friday morning for a second day as the world's two largest economies seek to hammer out an agreement. The sudden escalation in tensions provoked volatility in the markets , yet there is room for optimism because talks between China and the US have continued despite the tariff increase.

China vows 'necessary countermeasures' against Trump tariff hike

Economists at Moody's Analytics said in a report this week that an all-out trade conflagration between the world's two-largest economies risked tipping the us economy into recession by the end of 2020 just as voters go to the polls in the U.S.

"Hackers stole $40 million" said Binance Bitcoin Exchange

The hacking efforts led the cyber crims to the exchange's "hot wallet" whereby a cache of cryptocurrency is available for immediate customer online transactions . CEO Changpeng Zhao urged for "understanding in this hard situation" adding that the company will "strive to main transparency and would be appreciative" of user support.

Trump slams Fed for 'incessantly' raising interest rates

But the Fed's shift on 2019 interest-rate policy - ceasing its program of rate hikes - has been real, and warranted, given the financial market reaction. Stocks fell after Powell's comments dashed hopes of a rate cut. USA gross domestic product rose at a robust 3.2 percent rate in the first quarter of this year, beating market estimates of 2.3 percent.

Google bears brunt of harmful YouTube content as shares drop

Not only that, its revenue growth - 17 percent year-on-year - has been the slowest since 2015. Analysts had expected $37.32 billion. This quarter may be more hard to assess immediately, since Alphabet has changed the way it accounts for some costs and gains.

Amazon Shakes Up Fulfillment Centers to Prep for 1-Day Prime

Olsavsky didn't specify when this option would be standard for all Prime customers, but he said Amazon expects to "make steady progress quickly and through the year". The marches into new industries has been lucrative to shareholders, including its founder Jeff Bezos, who is the richest man in the world. The luster of these bets still shined brightly on Thursday.

Ford invests $500 million in Rivian, will develop EV on its platform

He says Rivian will benefit from Ford's manufacturing expertise and resources. But Ford President of Automotive Joe Hinrichs will get a seat on the startup's seven-member board. The investment is subject to customary regulatory approval. "There's a big push by the entire industry to make electric vehicles and there's a lot of competition downstream, so there will be a lot of choices for consumers", Michael Thomas Staiger, research analyst at Odeon Capital Group, recently said.

Huawei faces allegations that it's being funded by Chinese state security

The CIA has accused Huawei of funding from Chinese state security, The Times reported Saturday, adding to the list of security allegations dogging the embattled Chinese telecommunications giant. The company has said that such concerns by governments are unfounded. In January, the US Justice Department unsealed indictments that included 23 counts pertaining to the theft of intellectual property, obstruction of justice and fraud related to its alleged evasion of US sanctions against Iran.

Eddington Fire Department hosts annual Easter Egg hunt

Over 200 children were preregistered to participate. These two young ladies check out what they found at the Easter egg hunt on Saturday in Point Pleasant. "I post a clue for each egg everyday so they can target one specific egg or they can go general on all of them". The town of Gypsum's annual Eggstravaganza is planned Saturday, April 20, beginning at 9 a.m.at the lawn in front of the Gypsum Town Hall.

Netflix reports record subscriber growth, welcomes Apple & Disney

Total revenue increased 22% year-on-year to $4.5 billion, while subscriber count grew 25% year-on-year. Netflix's Chief Product Officer Greg Peters admitted that it was one of a hundred tests that Netflix does each quarter to improve the service but he added that the company was quite bullish about it.

Uber's IPO Registration Is Finally Happening--With an Expected $100 Billion Valuation

Uber plans to make its IPO registration with the United States Securities and Exchange Commission publicly available later this week, and will kick of its investor roadshow during the week of April 29, putting it on track to price its IPO and begin trading on the New York Stock Exchange in early May, the sources said.

Technical issues delaying flights nationwide are resolved

Paul International Airport; a spokesperson for the airport estimated about 60 delays Monday morning. The FAA has urged travelers to contact airlines directly for updates. A brief third-party technology issue prevented some Delta Connection flights from being dispatched on time this morning has been resolved. At least five airlines were affected: Delta, Southwest, American Airlines, Alaska Airlines and JetBlue.

Investors hail Lyft shares in IPO, see profits down the road

The stock is set to begin trading on the Nasdaq on Friday under the symbol "LYFT". Lyft trades on Nasdaq under the ticker "LYFT". Lyft set the stage for how we will be expecting other major startup companies are going to fair with their IPO announcements set this year.

Can Apple Card Get Users More Entrenched into Apple's Ecosystem?

Apple Inc is betting its swanky new credit card can change that. USA banks like Capital One are also already starting to experiment with limited-use card numbers, assigned to retailers as needed. According to the report, Apple will likely put users at the low end of their respective rate tier. Every Apple Card is uniquely attached to your distinctive iPhone .

Apple pins hopes on new credit card

Much like the Apple News + service it announced on Tuesday, the company is keen to insert itself as the middle man under the veil of consumer convenience and by harnessing the leverage it has from its massive pool of active device users. Apple has once again shaken up the technology space after unveilling its highly anticipated venture into consumer credit, called Apple Card, under a partnership with Goldman Sachs and Mastercard.

Trump calls on GM to ‘bring jobs home’ after Ohio plant closing

On Monday, President Trump urged GM and UAW leaders to step up talks and "get that big, attractive plant in OH open now". "Time is of the essence!" read the first GM-related tweet. In the second tweet, President Trump also claimed "much better" automakers are coming to the U.S. On Monday morning, Mr. Trump reiterated his support for the Lordstown plant to reopen quickly.

Tesla Raises Car Prices By 3% To Keep Stores Open

On Feb. 28, the company said shifting to online sales would allow it to lower all vehicle prices by an average of 6 percent, including its higher-end Model S and Model X . The move comes days after Tesla's announcement that it will sell cars online only to help save costs. "Unfortunately, there's no way around it", said Tesla CEO Elon Musk in a conference call.

Facebook to refocus messaging around encryption and privacy

Similar to WhatsApp , though, groups can create problems - including people using them to create racist, xenophobic bubbles on Facebook . Part of the new platform will be a new messaging service built with privacy in mind, with features such as end-to-end encryption and "ephemerality", so chats disappear by default after a month or year as users decide.

Rising trade deficit no cause for worry

The U.S. trade deficit past year has surged to the highest level since 2008, according to a report by U.S. Commerce Department Wednesday. The government also sought to stimulate the economy with a $1.5 trillion tax cut package, which jolted both consumer and business spending, helping to lift imported goods to a record $2.6 trillion in 2018.

Tesla promises to halve charging time with V3 Supercharging

Through that system and the V3 Superchargers, Tesla estimates that a typical charging time at one of the units will drop to 15 minutes. And though no commercially available battery now has the capacity, Tesla says the new Superchargers can theoretically restore 1,000 miles of range in an hour.

Lyft IPO filing shows surging revenue, widening losses

In its IPO prospectus registered with the SEC, Lyft said it had 2.2 billion US dollars in revenue in 2018, an increase from 1.1 billion dollars in the previous year. Both Uber and Lyft are now locked in a two-way battle for achieving market dominance in the ride-hailing segment of the US. "Lyft is dwarfed by Uber, but it's clearly growing and edging into Uber's customer base", Kennedy said.

Victoria's Secret To Close Another 53 Stores This Year

The brand has struggled in recent years - sales have slipped, and its provocative ads are being criticized by some as being tone-deaf in the era of #MeToo . It has plunged more than 40% in the past year. Victoria's Secret will be saying goodbye to 53 stores across the United States and Canada after a hard holiday season, according to NBC12.

SEC asks judge to hold Elon Musk in contempt

Musk sent a follow-up tweet a few hours later indicating that the company will actually deliver just 400,000 cars this year. The SEC is alleging that he didn't have any oversight or approval tweeted that Tesla will make 500,000 cars in 2019, or any tweets since the settlement .

Dollar struggles ahead of Fed minutes, but gains on the yen

Tensions arose in 2017 when Canberra accused Beijing of meddling in its domestic affairs, and the relationship suffered another setback previous year when Australia banned China's Huawei from its 5G broadband network. The currency is being supported today by upbeat comments from Reserve Bank Governor Philip Lowe and easing concerns about China's ban on Australian coal imports .

Tesla Model 3 Loses Consumer Reports Recommendation Over Reliability Issues

Owners also complained about glass defects , as well as general fit and finish issues ; panel gaps and poor painting have both been a long-standing subject of criticism for Tesla vehicles. Last year, Consumer Reports witheld its recommendation of the higher-priced Tesla Model S sedan. People look at new Tesla cars at a showroom in New York City.

United Kingdom intelligence agency says Huawei 5G ban probably isn’t warranted

The decision may have wide-reaching effects across Europe, the FT suggests, noting that the United Kingdom is the only European member of the Five Eyes intelligence alliance, in which the US, Australia, New Zealand, and Canada share intelligence data.

Amazon reportedly rethinking HQ2 in New York City

But it's hard to believe that CEO Jeff Bezos was naive enough to believe he'd get the same reception in NY. When the details of the behind-closed-doors agreement the NY government made with Amazon were made public in November , as Common Dreams reported, critics immediately decried the deal as " corporate bribery " that would harm public housing projects and contribute to soaring inequality while handing the tech behemoth billions in taxpayer incentives .

Stockpiles Soar, Oil Holds Losses

Meanwhile, support from the lower trendline around $53.65 should limit any near-term falls. Benchmark Brent crude had slipped 62 cents to $61.36 a barrel by 1000 GMT, after rallying about 15 percent in January. The existing tariff schedule is likely to remain in place, however, news reports said. That focuses yet more attention on the outcome of U.S. The Bloomberg Dollar Spot index has risen 1 percent this month, capping gains in crude and other commodities priced in the currency.

Labour split over Venezuela as Bank freezes Maduro's gold

He said some preliminary steps had to be taken first by the Vatican and other members of the global community. Mexico, a Lima Group member opposed to steps aimed at ousting Maduro , did not attend. Meanwhile, Venezuela's socialist party boss, Diosdado Cabello, threatened to hold early legislative elections that could gut the congress, which is the only branch of government controlled by the opposition.

Fed leaves interest rates steady, says will be 'patient' on future hikes

As a result, the greenback was initially on the backfoot and US yields were extending their decline, (The US 10-year yield fell 4bp to 2.63%). Worries that the Fed would raise rates swiftly had spooked markets late a year ago. Chairman Powell will be asked about all these threats to growth, and investors will gauge his responses to try to assess how concerned the Fed is. President Trump , meanwhile, has been an outspoken critic of the Fed's interest rate hikes.

U.S. charges Huawei, top executive with fraud

The Justice Department announced criminal charges Monday against Huawei Technologies Co., the world's largest communications equipment manufacturer, and one of its top executives - a move likely to intensify trade tensions between the USA and China.

Flights delayed at Newark, LaGuardia, Philly airports from 'sick leave' staffing shortage

FAA spokesperson Gregory Martin said issues occurred at two air-traffic facilities: one in Washington, D.C., that controls high-altitude air traffic over seven states, and another in Jacksonville, Fla . A ground stop has been ordered at LaGuardia Airport due to staffing issues, the Federal Aviation Administration said Friday. By early afternoon, more than 2,400 US flights had been delayed, according to tracking service FlightAware, although the situation seemed to be improving from ...

US orders its embassy staff to leave Venezuela

Here's what you need to know. Rubio led a delegation of Florida lawmakers to discuss Venezuela with Trump on Tuesday, although an aide said Trump had decided before the meeting to recognize Guaido. "The people of Venezuela have courageously spoken out against Maduro and his regime and demanded freedom and the rule of law", Trump said in a statement.

PG&E Says it Will File Chapter 11 Bankruptcy

If PG&E is found legally responsible for some or all of the costs connected to the 2017 and 2018 Northern California wildfires , its liability could exceed $30 billion, according to the company's filing with the Securities and Exchange Commission on Monday.

Turkey dismisses Trump threat to economy over Syrian Kurds

Trump also commented on Twitter to the Kurds, asking them not to "provoke" Turkey . USA secretary of state, who is on a whirlwind regional tour, also sought to reassure Washington's Kurdish allies, who fear the pullout would allow Turkey to attack them.

Senate approves bill to pay federal employees retroactively after shutdown ends

Meanwhile, Senate Majority Leader Mitch McConnell has made clear that he won't take up any legislation related to the shutdown in the Senate that President Donald Trump won't sign. "I do hope that my colleagues across the capital come to their senses and stop this ridiculous Trump shutdown". "If they can't do it I will declare a national emergency".

Ocasio-Cortez dancing means nothing, her ideas do

That led to a weekend of Twitter exchanges with Representative Steve Scalise , the No. 2 House Republican. In a statement to CBS , the White House said that her "sheer ignorance on the matter can't cover the fact that President Trump supported and passed historic criminal justice reform" and "has repeatedly condemned racism and bigotry in all forms".

Mega Millions jackpot up to $425 million for New Year's drawing

According the New York Lottery website , the winning ticket was sold at a gas station in Glen Head, New York , on Long Island. A record-breaking $1.537 billion Mega Millions prize was sold in SC a year ago, but the ticket buyer has not yet come forward.

Sears at WestShore Plaza closing in January

Liquidation sales are expected to start in January and continue until the stores are shut down in late March. The company has been seeking a bidder willing to keep the remaining stores open as part of a reorganization of the business. The Santa Barbara Sears store closure added up to another 72 jobs. Sears Holdings filed for bankruptcy protection on October 15. The final decision on Lampert's bid will be made by the judge overseeing Sears.

Sears closing 80 more stores -- 2 in MI

Workers were told this week that liquidation sales are expected to start at the affected locations in two weeks, CNBC reports . It wants someone to buy about 500 of its stores and the Kenmore appliance brand to keep Sears and Kmart open for business.

Wall Street banks reassure US Treasury amid big market falls

Trump was reportedly not happy over the weekend with how Mnuchin handled an especially volatile market , which culminated with an unprecedented market drop on Monday - the Dow dipped by 2.9 percent and the S&P 500 fell 2.7 percent. Stocks opened higher in NY after some market participants return from holiday. 'This is nonsense, ' the source said about Mnuchin and who worked with Trump during his 2016 campaign.

Putin says US presence in Japan complicates signing of peace treaty

The Russian leader scoffed at the allegations, rejecting them as part of a smear campaign driven by domestic policy in the USA and elsewhere in the West. Putin, who said Russia's own relations with Britain were deadlocked but that Moscow was interested in improving them, characterized Brexit as an example where Western democracy was starting to show cracks.

Facebook Allowed Spotify to Read Your Private Messages

A spokeswoman for Yandex, which was accused previous year by Ukraine's security service of funneling its user data to the Kremlin, said the company was unaware of the access and did not know why Facebook had allowed it to continue. In other words, if you want to be a part of any social life or local political conversations or want to promote your work, that simply means being on Facebook.

Trump Wants Feds To 'Feel The Market' Instead Of Using 'Meaningless Numbers'

On Monday, the president said it was "incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike".

Trudeau: Diplomats will see second Canadian detained in China 'shortly'

Earlier this week, China detained two Canadian nationals - Michael Kovrig and Michael Spavor - over allegations they were involved in activities endangering national security. "China knows it needs to take action because you can see the levels of pollution they have but they also see the economic opportunity", she added. The United States has accused her of lying to bankers about the use of a covert subsidiary to sell to Iran in breach of sanctions.

Google rules out a Chinese search engine

Rep. Ted Poe, R-Texas, tried to pin down Pichai concretely on privacy. Pichai said the company was "happy to engage" to discuss legislation. "A significant portion of this hearing was a waste of time". Rothfus asked Pichai how many months the company had been working to develop the censored search engine and how many employees were involved. That's notable because it's the most detail the company has gone into regarding the project's size.