Markets

by | June 10, 2019 | 05:23

The surprise move by FedEx Friday afternoon marks a shift in tone from just months ago when FedEx CEO Fred Smith described Amazon as a " good customer ". Amazon in an email statement t CNBC said: "We respect FedEx's decision and thank them for their role serving Amazon customers over the years". FedEx announced on Friday that it would not be renewing a contract with Amazon having to do with its Express business in the United States .

by | June 10, 2019 | 04:26

The berry medley products have a best by date of July 7 and June 19, 2020. The FDA is continuing to investigate to determine whether there are other implicated products according to today's announcement. It can range from lasting a few weeks to several months. Kroger has removed the potentially affected items and initiated its customer recall notification system that alerts customers who may have purchased recalled products through register receipt tape messages and phone calls.

by | June 09, 2019 | 22:38

Wall Street analysts, on average, are expecting a quarterly revenue of $39 million and a loss of $7.6 million. Wall Street was predicting revenue in 2019 of $205 million, according to CNBC . "We have contracts in place now for protein that are in excess of" our forecast. Marketing its burger as one created to look, cook and taste like traditional ground beef, Beyond Meat targets mainstream consumers who want to reduce their meat consumption amid growing concerns over health risks, animal ...

by | June 09, 2019 | 21:30

Other cool features include a built-in anemometer to monitor wind speed, which links to a system that ensures the pool stays at a correct temperature and that water doesn't get blown off the top of the building. Dubai already home to the world's tallest building , the world's tallest hotel and the world's tallest Ferris wheel , and the emirate's altitude is set to rise even further as one of the world's tallest infinity pools prepares to open.

by | June 09, 2019 | 19:57

Potentially one for an electric SUV. The carmakers will bring their strengths into the partnership such as Toyota's electrification technologies and Subaru's all-wheel-drive expertise, respectively. Toyota's electric vehicle programme will start next year, when the firm will launch electric versions of the Toyota C-HR and sister Izoa in China, alongside a Japan-only two-seat city auto.

by | June 09, 2019 | 18:57

Barnes & Noble-which started in 1971-is the country's largest bookstore chain but the company reported a loss of $122.5 million in its most recent fiscal year that ended in April 2018 while revenue declined six percent to $3.7 billion, according to the WSJ .

by | June 09, 2019 | 17:54

Even if there were a threat and the Fed lowered rates, the benefit to the economy is limited because money is already so cheap. The labour market thus far has been largely resilient to the trade war with China. 'Fed officials are likely to remain cautious at the June meeting and keep all their options open, ' said Michael Hanson, head of global macro strategy at TD Securities in NY.

by | June 09, 2019 | 14:26

Trips will run during the weekday afternoon rush hour from Lower Manhattan to John F. Kennedy International Airport (JFK). Even customers who can afford paying about $200 for an eight-minute trip can't use the exclusive helicopter service unless they're elite members of Uber's customer rewards program .

by | June 09, 2019 | 13:07

RBA Governor Philip Lowe took the unusual step to urge banks to pass on the cut in full. "Given this, the possibility of lower interest rates remains on the table". Lowe in his speech said the main downside risk to the economic outlook was global trade disputes that have "intensified recently", echoing St. Louis Fed chief James Bullard, who warned Monday that a USA easing "may be warranted soon" for the same reason.

by | June 09, 2019 | 12:39

A block on shipments of rare-earth metals and alloys to the U.S. is "manageable if ex-China processing gets built out swiftly", Citigroup Inc analysts including Oliver Nugent wrote in a report . "We welcome this report and hope that the Commerce Department's "Call to Action" results in some real action from Washington", said James Litinsky, co-chairman of MP Materials.

by | June 09, 2019 | 11:56

According to the report , Facebook is looking at partners for the cypto project, who are likely to be charged a licensing fee ($10 Mn per partner) to help back the cryptocurrency with fiat currency to keep it stable. In addition, Facebook is considering installing physical kiosks similar to ATM machines where users can exchange real currency for its cryptocurrency.

by | June 09, 2019 | 04:15

The ECB does not see reasons for lower rates considering how low they've gone already. Investors were focused on the euro, which has strengthened recently on the back of dollar weakness caused by rising bets on a US interest rate cut. The trade tensions and prolonged global uncertainties weighted in particular on the eurozone manufacturing sector, the European Central Bank said. He stressed the ECB's "readiness to act in case of adverse contingencies" with its suite of monetary policy ...

by | June 09, 2019 | 04:11

Mexico sends around 80 percent of its exports to the United States, giving Mr Trump ample leverage to put pressure on Mr Lopez Obrador over a surge in migrant apprehensions on the US-Mexico border. "The governments of the United States and Mexico will work together to immediately implement a durable solution", it said. With Trump ready to impose 5 percent tariffs on all Mexican goods starting Monday, senior officials hammered out the agreement after three days of intense negotiations at the ...

by | June 08, 2019 | 19:46

But unions have attacked the decision, and workers , who said they had expected the engine-building factory to be shut, were surprised at how quickly the decision was reached. "This is devastating news for the Bridgend business community". Ford's expected withdrawal from the Bridgend plant it opened in 1977 follows Honda's February confirmation that its Swindon plant will close in 2021, with the loss of about 3,500 jobs.

by | June 08, 2019 | 16:40

The numbers were 17, 19, 27, 40 and 68. The estimated jackpot of $530 million or $345.2 million in cash was the largest prize since October's $1.5 billion jackpot, lottery officials said. Since then, 24 twice-weekly drawings have been held without a jackpot victor. Three other people matched the five white balls to each take the $1 million second prize.

by | June 08, 2019 | 11:10

West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after United States petroleum inventories ballooned, raising fears of a glut as trade disputes threaten demand. (GRAPHIC-U.S. oil drilling, production & storage levels link: tmsnrt.rs/2DxgF8W). On Friday, WTI crude oil prices finally edged higher, rising from the five-month lows it had touched over worsening market sentiment .

by | June 08, 2019 | 06:37

The 5G technology will establish a high-speed, mobile, safe and widespread new-generation information infrastructure, MIIT Minister Miao Wei said at the licence presentation ceremony. "Issuing a license for China Broadcasting Network Corp, a new 5G carrier will help build a next-generation communication network", Wang said, adding: "Granting four 5G licenses is conducive to fostering rational competition and investment in the market".

by | June 07, 2019 | 23:26

The White House didn't immediately respond to a request for comment. She wasn't sure if negotiations will go on past Friday, she said. He said Democrats have forced him to take action against Mexico because they aren't willing to fix the US immigration laws that are fueling the immigration crisis.

by | June 07, 2019 | 23:10

At the time of delivery, Walmart associates wearing wearable cameras will use a special customer-purchased lock to access the home and place the items in the garage or kitchen refrigerator. But Lore says unattended delivery can actually save money compared to attended deliveries, because routes can be planned and served without scheduling around when people are home.

by | June 07, 2019 | 21:10

US President Donald Trump speaks during his meeting at Shannon Airport in Ireland June 5, 2019. However, China's Ministry of Commerce published a statement Thursday claiming that, when accounting for services and processing trade, the gap between the two countries is actually $153 billion.