Markets

by | December 10, 2018 | 06:41

The ride-hailing company filed the confidential paperwork on Thursday, moving in lock-step with its smaller U.S. rival Lyft which also filed for an IPO last week, according to the report. IPOs next year by Uber and Lyft would only be part of a roster of possible US tech mega-listings. Uber today is a different company than the vision its founders pitched to early investors, which helped it become the most highly valued venture-backed company in the United States.

by | December 10, 2018 | 03:19

It confirmed that improper tests were carried out on brakes, speedometers and other systems before shipment at its domestic assembly plant. He may also bee re-arrested for new charges that have not yet been made public, Japan Times reports.

by | December 10, 2018 | 02:51

Part of the reason that intelligence gathering is believed to have been the hacker's motive is that they were inside Marriott's Starwood reservation system for so long. One expert did caution that it's possible somebody else was behind the hack, because other parties had access to the same hacking tools, some of which have previously been posted online.

by | December 10, 2018 | 00:55

The former pilots, one of them a certified instructor, said the DGCA's recommendation could not be implemented as of now in India as there was neither a simulator for this variant of the 737 aircraft, nor could the set of conditions - that investigators suspect led to the Lion Air crash - be simulated on the available simulator.

by | December 09, 2018 | 23:02

The CorMedix, Inc . has the market capitalization of $188.25M. It is easy to calculate. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.60, the stock exchanged hands 7.55 million shares versus average trading capacity of 4.8 million shares.

by | December 09, 2018 | 20:41

Parliament. They provide a unique window into how Facebook's senior leaders privately discussed strategy and competition at a period of intense growth for the company, which has since been bogged down by numerous scandals and flatlining user numbers in key markets.

by | December 09, 2018 | 19:56

On August 7, the SEC delayed its decision until September 20. Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.

by | December 09, 2018 | 19:11

While it lead the country in job gains, British Columbia's unemployment rate ticked up 0.3 percentage points to 4.4% in November even with employment increasing by 0.6%. That said, the average year-over-year wage growth of permanent employees - a figure closely watched by the central bank - dropped for the sixth month in a row, falling to 1.5 percent, the lowest since the 1.2 percent seen in July 2017.

by | December 09, 2018 | 18:37

Producer club will curb output by 0.8m bpd from January. The balance will come from Russian Federation and other non-OPEC countries. It is believed that Russian Federation, a non-OPEC member was behind the deal as the country had many bilateral meetings with OPEC members.

by | December 09, 2018 | 16:53

The news, according to a New York Post/Reuters report , is the latest expansion of the concept which began with one Amazon Go store in Seattle . To shop there, you need to download a special app, which registers you as you walk in. It's unclear whether any of these airports are actively moving forward with bringing an Amazon Go to their terminals, but between the mega online store, the multiple headquarter locations, brick-and-mortar book sellers, and now, convenience stores, Amazon's growth ...

by | December 09, 2018 | 16:48

The company wasn't quite ready to reach for the 1,000-mph mark it had hoped to hit - further development was required, and it had yet to do a series of shakedown tests above 500 miles per hour. Rolls-Royce also helped with the aerodynamics, while Rolex created custom-made instruments for Bloodhound's cockpit. Bloodhound SSC's social media presence has already been taken offline.

by | December 09, 2018 | 14:34

The Dow Jones Industrial Average fell 558.72 points, or 2.24 percent, to 24,388.95, the S&P 500 lost 62.87 points, or 2.33 percent, to 2633.08 and the Nasdaq Composite dropped 219.01 points, or 3.05 percent, to 6969.25. For the week, major indexes are down more than 4 percent. The Russell 2000 index of small-company stocks gave up 26 points, or 1.8 per cent, to 1,450.

by | December 09, 2018 | 14:09

This suggestion makes sense in light of a recent National Institute of Standards and Technology study that revealed, while facial recognition algorithms across the industry have improved a lot in the past five years, not all are equally accurate.

by | December 09, 2018 | 09:27

Average hourly earnings were up by six cents in November to $27.35. The labor market is considered near or at full employment. The Fed's rate hikes could send borrowing costs higher. Employers showed growing caution last month in managing their workforce. The retail sector, which is readying for a very busy holiday season, saw surprisingly anemic employment growth.

by | December 09, 2018 | 08:22

Asked to confirm whether Beijing promised to buy American goods immediately, Gao said China will "immediately implement the consensus reached by the two sides on farm products, cars and energy". The White House on Monday had to correct a statement by economic adviser Larry Kudlow, who incorrectly told reporters in a conference call that the 90-day negotiating period between the USA and China would begin on January 1 instead of December 1.

by | December 09, 2018 | 04:24

The Treasury "yield curve" can be seen as a proxy for investor sentiment on the direction of the economy. The Big One will be when 2-year and 10-year Treasury rates swap places, and bond traders are doing their darnedest to make it happen soon, as Robert Burgess points out.

by | December 09, 2018 | 03:27

Private sector lender Kotak Mahindra Bank on Friday informed the exchanges that it had not considered any proposal to sell stake in the bank to Berkshire Hathaway. The stock gained 33 percent in the past 12 months compared to an 8.3 percent gain in the S&P BSE Sensex, according to Bloomberg data. Earlier this year, Berkshire Hathaway forayed into India's digital payments space by taking a 25-billion-rupee stake in the parent of Paytm.

by | December 09, 2018 | 02:38

Shopko is closing 39 stores, the company confirmed, as the regional discount store operator seeks to reconfigure its operations. The retailer with headquarters in Green Bay, WI., is closing the locations, majority Shopko Hometown stores, after a liquidation sale.

by | December 09, 2018 | 00:07

With a new character, new technology and a new name, the ŠKODA SCALA completely redefines the compact vehicle segment for the Czech brand. The hatchback rides on a 2,649mm wheelbase, which translates into more cabin space. The 1.5-litre petrol is notable for its cylinder deactivation technology, which can shut down two of the engine's four cylinders when you're cruising to save fuel.

by | December 08, 2018 | 18:26

A source close to the operation told AFP that at least 34 people were arrested for carrying masks, hammers, slingshots and rocks that could be used to attack police. People in other regions have also risen up in protest. Exceptional security measures are in place, aimed at preventing a repeat of last week's rioting .