Markets

by | May 13, 2019 | 09:50

South Shore Furniture is recalling more than 3-hundred thousand chests due to serious tip-over and entrapment hazards. The chests measure 27½-inches high by 31¼-inches wide and 15½-inches deep and each weighs about 56 pounds. In one, a child had bruises on his leg and scratches. Consumers may also remove the drawer slides from one side of the dresser. However, only the three-drawer chests are included in the recall.

by | May 13, 2019 | 09:37

Uber Technologies Inc's stock on Friday opened down 6.7 percent in its first trade on the New York Stock Exchange , in the most high-profile US market debut since Facebook Inc seven years ago. The San Francisco-based company last raised private capital from Toyota Motor Corp.in August at a valuation of about $76 billion. It's also possible that the ridesharing market may not be as big as some had hoped.

by | May 12, 2019 | 05:41

The first patents, which were filed 18 months ago but have been made public for the first time, reveal designs for an off-road vehicle in Dyson's planned line-up, although details of its first auto still remain closely guarded. Dyson has been a proponent of solid-state battery technology, but Autocar reports there is the possibility the company could also launch hydrogen fuel cell or plug-in hybrid vehicles.

by | May 12, 2019 | 03:35

Although the ID.3 won't be sold here, some of the information that Volkswagen is sharing about its European launch may apply to future USA -bound IDs. The company is booking reservations for the first edition of the ID 3 , the ID 3 1ST, which comes with the long-range 62-kilowatt-hour battery pack, as well as 2,000 kwh of free public charging at Ionity fast charging stations around Europe.

by | May 12, 2019 | 03:30

On Thursday, several United States senators issued a letter calling on the Federal Trade Commission to launch an investigation into whether the Amazon Echo Dot Kids Edition is in violation of the Children's Online Privacy Protection Act ( COPPA ).

by | May 11, 2019 | 16:46

McDonald's is done teasing us. Though Chicago-based McDonald's offers a rotating menu of global items at its restaurant beside its Fulton Market headquarters, it hasn't before offered them nationally. "We know our USA customers are curious about McDonald's worldwide menu items", said Linda VanGosen, McDonald's Vice President of Menu Innovation.

by | May 11, 2019 | 13:22

Friday. What next? A Trade War Primer "I'm Not Apple": Small business is squeezed by Trump duties Fed is seen more likely to cut rates after tariff hike What the tariffs on China will do the US economy How the trade war has reached a turning point: QuickTakeChina has disputed the USA characterization that the country reneged on prior commitments.

by | May 11, 2019 | 08:28

Party City has announced it will shutter 45 stores due to a global helium shortage . "Each year, Party City typically closes 10-15 stores as a part of our prudent network optimization process and in response to ongoing consumer, market and economic changes that naturally arise in the business", said James M.

by | May 11, 2019 | 04:21

Ocasio-Cortez (D-N.Y.) will be introducing the House version of the bill. It's often hard for low-income people to access credit at all, and when they do, they're more likely to have poor credit and to take out subprime credit cards with high interest rates.

by | May 11, 2019 | 01:54

The company is hoping to avoid the tumultuous first weeks of trading in rival Lyft Inc ., whose shares fell below its $72 IPO price within days of listing and closed 23 percent below that price Thursday. The listing gives Uber another roughly $8 billion to fund investment in its expansion, adding to the almost $25 billion raised in 23 private funding rounds, according to Crunchbase.

by | May 10, 2019 | 23:46

At the same time, the RBA characterized the labor market as "strong" and said it expected the unemployment rate to ease to 4.75 percent in 2021 from current levels of 5 percent where it has stayed for nearly six months now. The RBA revised down its growth forecast to 2.75 percent for 2019, from previous outlook of 3 percent. The board "recognised that there is still spare capacity in the economy and that a further improvement in the labour market is likely to be needed for inflation to be ...

by | May 10, 2019 | 16:26

Facebook co-founder Chris Hughes called for the break up of Facebook today, arguing in a New York Times op-ed that the site needs to be reined in because its CEO Mark Zuckerberg has "unchecked power" in modern life. In March, Massachusetts Senator Elizabeth Warren promised to break up Facebook, Amazon.com Inc. and Alphabet Inc.'s Google , if elected president.

by | May 10, 2019 | 15:56

Hester said their current plan would see the plant handle 50 aftermarket component sets. After announcing it would shut down its Oshawa plant by the end of this year, General Motors Canada and Unifor announced they have reached a "transformation agreement".

by | May 10, 2019 | 11:09

The Trump administration raised the import taxes on those goods from 10 per cent to 25 per cent. Trump, who has adopted protectionist policies as part of his "America First" agenda aimed at rebalancing global trade and boosting US manufacturing, accused Beijing of reneging on commitments made during months of negotiations.

by | May 09, 2019 | 19:28

In its announcement, Cruise said it raised $7.25 billion in new capital last year, including $2.25 billion from Softbank and $750 million from Honda, along with a promise of $2 billion more from Honda over a 12-year period. "Having deep resources to draw on as we pursue our mission is a critical competitive advantage". Cruise is considered among the leaders in the race to deploy autonomous vehicles without human backup drivers.

by | May 09, 2019 | 16:28

But he also maintained that "we paid too much money" for Kraft. Berkshire said the numbers don't include any contributions from its ownership of more than one-quarter of Kraft Heinz, which has struggled recently. Berkshire, Mr Buffett's investment company, is valued at $537 billion and thousands of private shareholders have been made millionaires by its success.

by | May 09, 2019 | 06:29

It was also working on a plug-in hybrid and electric pickup , but has delayed its introduction due to financial issues. "I guess that means they're done in Lordstown", O'Hara said of GM. Postal Service, DeWine said. DeWine said that was "certainly good news" for the three cities. The company is on target, he said, to begin delivering its new electric vans at the end of this year.

by | May 08, 2019 | 22:45

Buffett says Trump is making a "nuclear threat" that may bring the Chinese to the table. After knowing the major investment of Berkshire Hathaway , Tim Cook made a statement saying that according to Warren Buffet , Apple is not a tech company rather its a consumer products company at its core.

by | May 08, 2019 | 20:57

In the post , it was explained that earlier today, "hackers", which remain unnamed, were able to obtain a large number of user API keys, two-factor authentication codes, and "potentially other" tidbits of information, giving them access to users' accounts on the platform, withdrawal permissions included.

by | May 08, 2019 | 18:29

Developed by South Korean game maker Bluehole, PUBG is among the world's best-selling games, with over 400 million players worldwide. Global game distributor Steam named PUBG one of its highest-grossing titles of 2018. Tencent chose to shut down the mobile version of the battle royale game , commonly known as PUBG Mobile , because the Chinese government refused to allow in-app purchases, Reuters reported on Wednesday .