Business

Business New Progress Made on Details of Text to End Trade War
Author: 0 New Progress Made on Details of Text to End Trade War

The two-day meeting once again put the delegations led by Deputy Prime Minister Liu He on the host side and Treasury Secretary Steven Mnuchin and Deputy Trade Representative Jeffrey Gerrish on the U.S. China stock jumped on Friday as investors cheered Beijing's pledge to further liberalise financial markets, and on renewed hopes of progress in U.S.

Business Airlines Resume Operations With Residual Delays
Author: 0 Airlines Resume Operations With Residual Delays

Dan Landson of Southwest Airlines said there was an outage with a vendor that services multiple carriers with data used in flight planning. Southwest responded to someone saying flights should resume to normal soon. "I completely apologize, we are now experiencing a system-wide outage", it said. The other four affected airlines had more than 175 flights delayed.

Business Turkish lira slips a bit after local elections bruise Erdogan
Author: 0 Turkish lira slips a bit after local elections bruise Erdogan

But the president's daily rallies and overwhelmingly supportive media coverage failed to win over the country's capital or secure a definitive result in Istanbul, as Turkey's tip toward economic recession weighed heavily on voters. "According to our data, [Ekrem] Imamoglu has won in Istanbul". In both Istanbul and Ankara , along with other major Turkish cities where the HDP did not field candidates where it got some 10 percent of votes to swing the results in favor of the opposition.

Business Fourth-quarter GDP revised down; profits weak
Author: 0 Fourth-quarter GDP revised down; profits weak

Third-quarter GDP growth was 3.4 percent. The report kept intact an economic milestone that President Donald Trump has boasted about, as the Republican-backed tax cuts helped bring full-year growth to 3%, as measured on a fourth-quarter-over-fourth-quarter basis.

Business Lyft goes public, now trades at $82 per share
Author: 0 Lyft goes public, now trades at $82 per share

Lyft raised $2.34 billion its IPO. Well today we can report that by the time the listing had hit the NASDAQ, prices for ( NASDAQ:LYFT ) had swelled to $86.70 a share. Still, Lyft's path to profitability is uncertain, and it's under pressure to keep prices low as it competes for customers with Uber and traditional taxi companies.

Business AI menus at McDonald's will guess what customers want to eat
Author: 0 AI menus at McDonald's will guess what customers want to eat

Essentially, when you pop something in your shopping cart, it's the system that gently suggests other items you might like based on what other customers have purchased. It means customers will soon be offered food suggestions pushed towards them by smart algorithms, based on factors such as the weather, local trends, or even their vehicle licence plate.

Business Turkey president blames West for currency rate fluctuations
Author: 0 Turkey president blames West for currency rate fluctuations

The most severe bout of market turmoil since Turkey's August crisis was triggered on Friday after a drop in central bank reserves and a recommendation to short the currency by JPMorgan sent the lira down more than 5 percent. Instead, however, the lira weakened as far as 5.6465 per dollar on Thursday from 5.33 on Wednesday. "Concerns about Turkey's economy and financial markets are unlikely to fade even once Sunday's local elections are out of the way.

Business MI offers clarity on legal CBD, industrial hemp regulations
Author: 0 MI offers clarity on legal CBD, industrial hemp regulations

Across the country, 1,500 Walgreens drugstores will be selling cannabidiol (CBD) products, presumably in the near future. After Curaleaf sent out an announcement of the partnership, CVS confirmed that they have already started selling CBD products in their stores.

Business Huawei Sales Hit Record $100 Billion Despite Year of Setbacks
Author: 0 Huawei Sales Hit Record $100 Billion Despite Year of Setbacks

A top company executive said earlier this week that the us campaign against Huawei was having little impact on its sales and that it was unlikely many countries would heed the USA call to ban its gear. That there remains no end-to-end integrity of the products as delivered by Huawei and limited confidence on Huawei's ability to understand the content of any given build and its ability to perform true root cause analysis of identified issues.

Business Here's Why Grindr is a Threat to our National Security
Author: 0 Here's Why Grindr is a Threat to our National Security

As Reuters noted, Kunlun was previously gearing up for Grindr's IPO but has since refocused its efforts on offloading the service. It now favors an auction, Reuters said, citing two sources familiar with the situation. Another insight into Grindr's data security policies came early past year when a D.C. -based developer created a website that allowed users to see who had previously blocked them on the app - information that is normally inaccessible.

Business Investors hitch a ride on Lyft's IPO at $72 a share
Author: 0 Investors hitch a ride on Lyft's IPO at $72 a share

Lyft's decision to price its shares at $72 apiece sits at the top of the expected range and gives the company a fully diluted market value of $24 billion. That is up from $1.1 billion in 2017 and $343.3 million in 2016. Despite Lyft's recent inroad, there is still no guarantee the company will become profitable - a risk flagged in its own regulatory filings leading up to the IPO.

Business Louis-style sliced bagel prompts outrage on the internet
Author: 0 Louis-style sliced bagel prompts outrage on the internet

A majority of the responses have been not-so-welcoming to the idea. " Thank you for reporting this crime, but we only serve New York City, where this would NEVER happen", he tweeted. Folks in St. Louis apparently slice their pizza differently, too. He said the technique was a "St. Louis secret". But the company also told Krautmann the bagels "are on us" next time, and they'll be sliced however he'd like.

Business Wow Air just abruptly shut down. Here's what stranded passengers should do
Author: 0 Wow Air just abruptly shut down. Here's what stranded passengers should do

Wow's demise should bring short-term relief to local rival Icelandair Hf. In its early years the airline expanded fast to 37 destinations and reported up to 60 percent annual growth in passenger numbers. Its crisis triggered cabinet meetings in Iceland, though the government said it wouldn't use taxpayer money in a rescue. In Berlin, Mary Sapp, a 30-year-old tattoo artist from Portland, Oregon, said she found out her WOW flight from Schoenefeld Airport to Reykjavik was canceled when ...

Business Oil Prices Fall As Trump Targets OPEC On Twitter
Author: 0 Oil Prices Fall As Trump Targets OPEC On Twitter

Oil prices have been supported for much of 2019 by efforts by OPEC - Organisation of the Petroleum Exporting Countries - and non-affiliated allies such as Russian Federation, who have pledged to withhold around 1.2 million barrels per day of supply this year to prop up markets.

Business 10-Year vs 1-Month Inversion Persists
Author: 0 10-Year vs 1-Month Inversion Persists

On Friday, the spread between yields on three-month Treasury bills and 10-year notes fell below zero for the first time since 2007. "People are still trying to figure out if the inverted yield curve means anything or not", said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.

Business Powerball numbers drawn for $750 million jackpot
Author: 0 Powerball numbers drawn for $750 million jackpot

If one person hits the jackpot and chooses the cash option, it would be worth $465 million. The jackpot surpassed the $600 million mark for the fourth time in history last week for the price of a $2 ticket, officials said. Odds for winning the grand prize are listed by Powerball as 1 in 292,201,338.00. According to the Florida Lottery, 59-year-old Glen Farris purchased his winning Quick Pick ticket in Fort Myers at the Publix on Summerlin Road near McGregor Boulevard.

Business McDonald's will use AI to automatically tweak drive-thru menus
Author: 0 McDonald's will use AI to automatically tweak drive-thru menus

McDonald's is the world's largest fast-food chain, with almost 38,000 locations in more than 100 countries. These intelligent menu boards have already been tested at various United States restaurants last year and, after generating successful results, the AI-powered menus will be officially rolling out this year, first in the USA and then later to worldwide markets.

Business Uber pays $3.1bn for Middle East rival Careem
Author: 0 Uber pays $3.1bn for Middle East rival Careem

Upon closing, Careem will become a wholly-owned subsidiary of Uber, preserving its brand. Mudassir Sheikha , the co-founder and CEO of Careem will lead the Careem business and will present reports to the three representatives which includes one from Uber and the remaining two from Careem.

Business Papa John's turns to Shaq to help fix image
Author: 0 Papa John's turns to Shaq to help fix image

O'Neal. Whether or not that was his way of demanding a seat on the board in order to help fix the company's public image, O'Neal's demands were met after months of discussion with the company. O'Neal has been a highly reputed investor for decades, owning major franchises such as Krispy Kreme Doughnuts , fast food joints and Shaquille's restaurants in Los Angeles, Las Vegas and Atlanta .

Business Trump says to nominate Stephen Moore to FED
Author: 0 Trump says to nominate Stephen Moore to FED

Since Trump was elected in November 2016, the Fed has raised its federal funds rate from a range of 0.25-0.5 percent to a range of 2.25-2.5 percent. But he added, "over time obviously we want to reduce that balance sheet and not have these massive amounts of debt". Along with Powell, Trump appointed respected academic economist Richard Clarida as vice chair, Randal Quarles as vice chair for regulation, and Kansas community banker Michelle Bowman.

Business Yield curve inverts for first time since 2007 on global growth worries
Author: 0 Yield curve inverts for first time since 2007 on global growth worries

The European Central Bank's negative interest-rate policy means investors are still prepared to pay premiums to hold German debt due any time up to nine years from now. investment strategist at Allianz Global in NY. Like other financial market observers, Rosenberg noted the diverse reactions between the bond and stock markets - fixed income yields are falling, indicating lower growth, while the stock market is rising.

Business Jet Airways Chairman Naresh Goyal, wife Anita quit from board
Author: 0 Jet Airways Chairman Naresh Goyal, wife Anita quit from board

Goyal who set up the company with his wife in 1993, would also cease to be the chairman, the filing said. Afterwards one of the two Etihad nominees will exit the Jet board, the ET report said. The liquidity crunch has not only forced the Airline to ground aircraft leading to cancellation of several flights, it has also caused delayed salary payments to its pilots, engineers and other senior staff.

Business Levi Strauss readies for prime time in the public markets
Author: 0 Levi Strauss readies for prime time in the public markets

And Levi's is also contending with a shrinking number of department stores, once its traditional venue of distribution. The brand has since had its ups and downs in terms of its cultural relevance but has been seen as again rising under Chief Executive Charles Bergh, who joined Levi's in September 2011 after a lengthy stint at Procter & Gamble.

Business $625M jackpot at stake in Saturday Powerball drawing
Author: 0 $625M jackpot at stake in Saturday Powerball drawing

A player wins the jackpot by matching all six winning numbers in a drawing. It's not easy to win even $4 (about 26 to 1). If no Saturday's drawing doesn't produce a victor, the jackpot will roll over once again to Wednesday. The cash value is $380.6 million. After taxes Bailey, 67, walked away with a check for $125 million. This is the 4th-largest Powerball jackpot, and about a third the size of the largest lottery prize of all time, a $1.5 billion Powerball that was won by three ...

Business Levi Strauss makes its debut on the NYSE
Author: 0 Levi Strauss makes its debut on the NYSE

The stock is listed under the ticker " LEVI " and is set to start trading Thursday at $17, above an originally expected range of $14 to $16. Shares closed up almost 32% on the first day of trading. In a rare move, the New York Stock Exchange suspended its " no jeans " policy to commemorate the offering, transforming the floor from suits and ties into a sea of blue denim , with its traders sporting jeans and denim jackets.

Business CVS To Sell Cannabis-Infused Products In Maryland
Author: 0 CVS To Sell Cannabis-Infused Products In Maryland

CBD has been praised in the media and among scientists as a treatment for a wide range of conditions-including anxiety, pain, inflammation and more. Previous Congress legalized CBD and its production with the Farm Bill. A new projection for the CBD market size came in just a few days ago, and this one is even more optimistic than any before. However, it appears Connecticut CVS stores may not be among those selling the Curaleaf hemp lotions, patches, tinctures and other products, at least ...

Business Ford plans to revamp MI plant for 2023 electric vehicle production
Author: 0 Ford plans to revamp MI plant for 2023 electric vehicle production

The Flat Rock factory will continue to produce the Mustang sports auto and Lincoln Continental sedan. The EV's production move coincides with the next-gen Transit Connect van, now built in Valencia, Spain, that will also move to Mexico and replace the Ford Fusion and Lincoln MKZ assembly line in Hermosillo.

Business Two Wisconsin players win $50,000 in Powerball drawing
Author: 0 Two Wisconsin players win $50,000 in Powerball drawing

If you were to win, you could end up taking $300 million home after taxes, which would be the eighth-largest jackpot in the game's history. Those tickets were sold in IN and Maryland. Two of those tickets were sold in NY and are each worth a $1 million. A pair of Wisconsin ticket holders each won $50,000 in the latest Powerball drawing.

Business US Federal Reserve Leaves Interest Rates Unchanged, Sees No Hikes In 2019
Author: 0 US Federal Reserve Leaves Interest Rates Unchanged, Sees No Hikes In 2019

The yield on 10-year Treasuries decreased eight basis points Wednesday, to 2.53 percent, a 14-month low.Australia's 10-year bond yield fell six basis points to 1.88 percent. That message spooked investors, who anxious about the prospect of steadily higher borrowing rates for consumers and businesses and perhaps a further economic slowdown.

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