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Finance

Instead, said two US officials who spoke only to the condition of anonymity to criticize the Administration's Iran policy, the Administration has not given much thought to the likely effects of its Iran policy on oil markets or on the nations, especially China, India , Turkey and Iraq, that now will be sanctioned if they continue to import oil from Iran.
  • Uber files with SEC for its IPO

    Uber files with SEC for its IPO

    Finance

    On March 30, Uber's chief rival, Lyft , went public amid a flurry of investor euphoria- only to sink rapidly below its IPO price to a record low, as bearish sentiment engulfed the shares . Uber revealed in the prospectus that it is heavily dependent on just five cities for almost a quarter of its total bookings: Los Angeles, New York, San Francisco , London and São Paulo.
  • Oil prices fall on surging U.S. crude supply, economic slowdown

    Oil prices fall on surging U.S. crude supply, economic slowdown

    Finance

    OPEC, Russia and other non-member oil producers agreed to cut output by 1.2 million bpd from January 1 for six months and are set to meet on June 25-26 to decide whether to extend the pact. US crude stockpiles last week rose to their highest level since November 2017 as imports grew, while gasoline inventories posted the steepest drawdown since September 2017, the Energy Information Administration said.
  • Treasury rejects Democrats’ demand for Trump’s tax returns

    Treasury rejects Democrats’ demand for Trump’s tax returns

    Finance

    He was being questioned about requests for President Donald Trump to provide access to his tax returns, CNN reported. Allies of the President have argued that the Democrats have no right to see his returns. Democratic Rep. Nydia Velázquez of NY shot back , "And the law says - upon a written request from the chairman of the Committee on Ways and Means of the House of Representatives, the chairman of the Committee on Finance of the Senate or the Chairman of the Joint Committee on ...
  • Brexit: Donald Tusk says Westminster division means long delay

    Brexit: Donald Tusk says Westminster division means long delay

    Finance

    The paper reported: "Mr Macron is already said to be fed up with European summits devoted to Brexit rather than to his own plans for EU reform". A senior German official demanded "substantial steps" forward in Britain's Brexit standoff and insisted on Tuesday that any further delay to Britain's withdrawal must come with strict conditions, as Prime Minister Theresa May prepared to plead for more time in Berlin and Paris.
  • May turns to opposition to end Brexit impasse

    May turns to opposition to end Brexit impasse

    Finance

    However, by approaching Corbyn, a veteran socialist loathed by many of May's Conservatives and mocked by May herself as unfit to govern, she risks further inflaming divisions in her party. Coveney added that Ireland plans to support Britain's request for a short further delay to its European Union exit. Parliament will question Brexit ministers.
  • Bezos to keep 75% of couple's Amazon stock after finalizing divorce

    Bezos to keep 75% of couple's Amazon stock after finalizing divorce

    Finance

    Also, Jeff's adviser Gavin De Becker said in a separate statement that Saudi Arabian officials, disappointed with the coverage of the tragedy surrounding Jamal Khashoggi , got "access to Bezos' phone" as retaliation. Thursday's announcement also resolved questions about the future of The Washington Post , which Jeff Bezos bought for $250 million in 2013, and Blue Origin .
  • Tesla's First Quarter Deliveries Tumble As Musk Struggles To Expand Into China

    Tesla's First Quarter Deliveries Tumble As Musk Struggles To Expand Into China

    Finance

    The hearing appeared to lift an overhang over Tesla , as the SEC stopped well short of recommending Musk's removal as chief executive or even from the electric auto company's board. 'Deliveries for year still estimated to be about 400k'. To support his arguments, Hueston cited an earlier exchange between the judge and Crumpton in which Nathan said she was "surprised" that the SEC left it up to Musk in so many instances to determine whether to run by his lawyers what he meant to put out ...
  • Over 500 million Facebook user records discovered on public Amazon servers

    Over 500 million Facebook user records discovered on public Amazon servers

    Finance

    This dataset is 146GB in size and contains a massive 540 million records which has information like Facebook IDs, reactions, account names, likes, comments and more. "The data sets vary in when they were last updated, the data points present, and the number of unique individuals in each", UpGuard said. UpGuard , the Australian security firm that discovered the records, said it couldn't tell how long the data had been exposed for.
  • House leaders vote to sue Trump over border emergency order

    House leaders vote to sue Trump over border emergency order

    Finance

    The president also acknowledged that his threats to impos auto tariffs could be curbed by his own U.S. -Mexico-Canada trade deal that has a provision preventing auto tariffs - but said border security is more important than the USMCA. "We're going to give them a one-year warning, and if the drugs don't stop or largely stop, we're going to put tariffs on Mexico and products, particularly cars".
  • Trump administration steps up threats to 'shut down' Mexico border - global

    Trump administration steps up threats to 'shut down' Mexico border - global

    Finance

    Sanders claimed the southern border is being overrun and the president could be forced to close it. "It might surprise some that annual US goods exports to Mexico exceed those to China by more than $140 billion ($265 billion vs. "Wait times in Brownsville (Texas) were around 180 minutes, which were two times the peaks of a year ago", said a senior DHS official on a call with reporters.
  • Burger King is testing out an Impossible Whopper

    Burger King is testing out an Impossible Whopper

    Finance

    The brand filmed their reactions, which you can check out in video below. The start-up also flattened its patties to make them look as Whopper-y as possible, and created an entire production line exclusively dedicated to Burger King. "That's impossible", one person said. Burger King's chief marketing officer, Fernando Machado, said he has high expectations that it's going to be big business, not just a niche product.
  • Whole Foods cuts prices as Amazon extends imprint on chain

    Whole Foods cuts prices as Amazon extends imprint on chain

    Finance

    In addition, Prime members will now save "more than ever" with double the number of exclusive weekly Prime Member deals in addition to deeper discounts. There have been price increases, too: The Wall Street Journal reported in February that rising costs for packaging, ingredients and transportation had pushed Whole Foods to increase prices on hundreds of items late previous year and early in 2019.
  • Erdogan’s ruling party challenges results of local elections

    Erdogan’s ruling party challenges results of local elections

    Finance

    In Istanbul, the mayoral candidate of the main opposition Republican People's Party ( CHP ), Mr Ekrem Imamoglu, and his AKP rival, ex-prime minister Binali Yildirim, both said Mr Imamoglu was around 25,000 votes ahead. "The world is watching us with shame right now". Behlul Ozkan, an associate professor at Marmara University, said Erdogan's loss of ground in Ankara and Istanbul indicated that his socially conservative and construction-driven policies no longer resonated in Turkey's cities.
  • Google Maps Celebrates April Fool's With Twist on Classic 'Snake' Game

    Google Maps Celebrates April Fool's With Twist on Classic 'Snake' Game

    Finance

    Be careful around the edges of the map - unlike certain other versions of Snake , if you hit the walls you'll lose, so play it safe if you're picking up passengers around the edge. While the Easter Egg is expected to expire in a week, this site might let you play the game later as well. Google said in a blog post that the game will be available for a week in the app, but the browser version will be available much longer after April Fools' is done.
  • Brexit in numbers - How did the United Kingdom parliament vote on Monday?

    Brexit in numbers - How did the United Kingdom parliament vote on Monday?

    Finance

    In last week's first round of so-called indicative votes , MPs failed to united around a single option but the motions which received the most votes are among those being put to the vote again today. Many Conservative MPs are opposed to an election - particularly with May at the top of the ticket, and with the party trailing Labour by five points in a Deltapoll on Sunday - and could vote against holding one.
  • Huawei rips USA government over China spying accusations

    Huawei rips USA government over China spying accusations

    Finance

    Mr Song was speaking at a press conference on the release of Huawei's annual report, along with other top executives. The telecoms manufacturer's revenues grew almost 20 per cent, crossing the $100 billion mark for the first time, the company reported on Friday.
  • Ride-hailing app Lyft goes public ahead of Uber | Money Talks

    Ride-hailing app Lyft goes public ahead of Uber | Money Talks

    Finance

    The stock opened at $87.24. The company took $8.1 billion in bookings a year ago and its network covers 30.7 million riders and 1.9 million drivers. Meanwhile, Lyft parlayed a warm and fuzzy image that it used to cultivate by adorning drivers' cars with a fluffy pink moustache to position its brand as the more socially responsible of the two ride-hailing rivals.
  • Investors hitch a ride on Lyft's IPO at $72 a share

    Investors hitch a ride on Lyft's IPO at $72 a share

    Finance

    Lyft is trying to catch up to Uber, which is expected to go public later this spring. Shares in Lyft have jumped by 21% after the ride hailing company listed its shares on the Nasdaq stock exchange in NY. Lyft said in filings that its total bookings reached US$8.1 billion a year ago, with 1.9 million drivers providing rides to nearly 31 million customers in the USA and Canada.
  • Apple Card might be the most consumer-friendly credit card ever

    Apple Card might be the most consumer-friendly credit card ever

    Finance

    On the cash back front, users will back two percent of the daily amount in Apple Cash. In its presentation, the company's vice president of Apple Pay, Jennifer Bailey, trumpeted low interest rates, fewer fees, and a new statement view that encourages people to choose payment options that limit interest.
  • Trump Taps Conservative For Federal Reserve Board

    Trump Taps Conservative For Federal Reserve Board

    Finance

    Bush, said on Twitter. Moore advised Cain on his so-called "9-9-9" tax plan in 2011, which would have replaced much of the USA tax code with a flat 9 percent tax on sales transactions as well as corporate and individual income. And he tapped Powell, a Republican who had been chosen for the Fed board by President Barack Obama , to succeed Janet Yellen as chairman. Moore co-authored an op-ed in which he wrote that " the Fed should stabilize the value of the dollar by adopting the ...