Business

Business Nasdaq, S&P 500 hit record-closing highs on upbeat earnings
Author: 0 Nasdaq, S&P 500 hit record-closing highs on upbeat earnings

Elsewhere, the US Energy Information Administration will publish a report on oil stockpiles later this morning. The U.S. and China are still embroiled in a trade war that has raised costs for several companies. "People just realised (healthcare) got beaten so far down it might be worth taking a chance", said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth in NY.

Business Amazon's profit more than doubles on cloud computing growth
Author: 0 Amazon's profit more than doubles on cloud computing growth

Amazon Web Services accounted for just 13 percent of Amazon's Q1 revenues, but the cloud business pulled in almost half of the company's operating income. "Amazon just turned in another powerhouse quarter fueled by its strength in the cloud and advertising businesses, which continues to inflate the company's operating margins", said Andrew Lipsman of the research firm eMarketer.

Business Kohl’s to accept Amazon returns in all stores
Author: 0 Kohl’s to accept Amazon returns in all stores

With services like Prime (which offers free one or two-day shipping) and Prime Now, which grants users same-day shipping, Amazon gives shoppers more ways to easily grab their favorite groceries, tech gadgets, and other products than nearly any other website.

Business Windows and cloud pushes Microsoft to another successful quarter
Author: 0 Windows and cloud pushes Microsoft to another successful quarter

Microsoft shares climbed past $130.50 at the end of trading on Wednesday, pushing the company's market cap over $1 trillion. Shares rose 3 percent after the bell, adding to the about 23 percent gain so far this year. Microsoft says that Windows OEM revenue increased primarily due to better chip supply and even better demand, so a flawless storm of supply and demand.

Business Ford to build Rivian-based EV after $500M investment deal
Author: 0 Ford to build Rivian-based EV after $500M investment deal

GM reportedly had been interested in becoming an equity investor in Rivian, much like Amazon , which invested $700 million in the startup in February. The five-seat pickup is aimed at the market for off-road capable trucks with outdoorsy features, a market Tesla has not yet entered. Hackett said he was impressed with Rivian's "clean-sheet" approach.

Business Facebook expects record $5 BILLION fine from FTC over privacy violations
Author: 0 Facebook expects record $5 BILLION fine from FTC over privacy violations

Facebook also suffered a data breach that exposed the personal information of almost 50 million users. The company also said it set aside US$3 billion in the quarter related to an ongoing investigation by the U.S. Facebook has said it will set aside $3bn (£2.3bn) to cover the potential costs of an investigation by USA authorities into its privacy practices.

Business Iran sanctions send oil prices, supply concerns higher
Author: 0 Iran sanctions send oil prices, supply concerns higher

The two nations are set to hold a new round of trade talks in Beijing next week. "We will continue to find buyers for our oil and we will continue to use the Strait of Hormuz as a safe transit passage for the sale of our oil", Zarif said .

Business Tesla investigates after video allegedly shows Model S auto exploding in China
Author: 0 Tesla investigates after video allegedly shows Model S auto exploding in China

Reports are that the Tesla was not plugged in and being charged at the time. However he did re-charge the car's battery at a Tesla supercharger about an hour before the fire. According to news agency Bloomberg , there were at least 40 fire-related incidents in China in 2018 involving "new-energy" vehicles, which includes electrics, plug-in hybrids, and fuel-cell vehicles.

Business Huawei's Q1 revenue grows 39% to $36b amid heightened US pressure
Author: 0 Huawei's Q1 revenue grows 39% to $36b amid heightened US pressure

Huawei gave no quarterly earnings but said its profit margin was eight per cent. The unaudited figures gave only limited financial information but suggested that allegations by the U.S. As China and the United States battle to control 5 G networks, USA intelligence has claimed that Chinese state agencies have funded Huawei , one of the world's leading telecom technology firms.

Business Over 100 Pilots Among 500 Jet Airways Staff Hired By Spicejet
Author: 0 Over 100 Pilots Among 500 Jet Airways Staff Hired By Spicejet

It was apparently referring to remarks made by BJP leader Sadhvi Pragya Singh Thakur, an accused in the Malegaon blast case, who recently claimed that senior police officer Hemant Karkare died during the 26/11 Mumbai terror attacks as she "cursed" him for torturing her.

Business Elizabeth Warren proposes canceling student loan debt, free public college
Author: 0 Elizabeth Warren proposes canceling student loan debt, free public college

And while it may be hard to feel much sympathy for anyone making over $250,000 a year, individuals in high-earning professions can carry massive, life-altering student debt loads. Education has been a topic on the campaign trail for some of Warren's rivals as well. She also wants the wealth tax to pay for universal childcare and make a down payment on the Green New Deal to fight climate change and "Medicare for All" government-run health care.

Business Iran feels the heat as USA scraps oil sanction waivers
Author: 0 Iran feels the heat as USA scraps oil sanction waivers

The White House move, a fallout from President Trump's decision to withdraw from the 2015 Iran nuclear deal and reimpose harsh economic sanctions on Tehran , was accompanied by a statement that Saudi Arabia and the United Arab Emirates has agreed to work with the U.S.to make up any lost oil supplies on the global market and keep energy prices in check.

Business U.S. to sanction nations for importing Iranian oil
Author: 0 U.S. to sanction nations for importing Iranian oil

Netanyahu was a main voice against the 2015 nuclear deal that opened up Iran's export market, and has praised Trump's moves to reverse the pact. The strait has been the site of repeated standoffs between Iran and the United States . India was among eight countries that were granted waivers from secondary impact of sanctions for a period of six months to enable them to reduce their import of Iranian crude to zero in a phased manner.

Business Vitalik Buterin and Erik Voorhees support Binance’s decision to delist Bitcoin SV
Author: 0 Vitalik Buterin and Erik Voorhees support Binance’s decision to delist Bitcoin SV

Nevertheless, the reasons of Bitcoin SV delisting aren't revealed. Even though Bitcoin SV has been a controversial cryptocurrency since the very start, the controversy really ramped up this month. And they are not the only ones as Kraken has since posted a poll on Twitter asking if the coin should be delisted or kept on the roster. Jimmy Nguyen, Founding President of Bitcoin Association (which advances the BSV ecosystem) commented: "We will not be derailed from our goal of ...

Business Brent nears $72 amid tightening supplies; surprise draw in US crude stocks
Author: 0 Brent nears $72 amid tightening supplies; surprise draw in US crude stocks

Brent crude rallied to its highest level this year early in the session, bolstered by an unexpected drop in US crude inventories reported by trade group the American Petroleum Institute late on Tuesday. shale oil due to refinery configurations. "So a repeat of 2014 [oil-price crash] could present itself if Saudi Arabia does not manage to convince major producers to keep the production cuts active".

Business What Restaurants & Places Are Open On Easter Sunday Near Me 2019
Author: 0 What Restaurants & Places Are Open On Easter Sunday Near Me 2019

All Windsor Public Library branches will be closed Friday through Monday with the exception of the Central, Riverside and Budimir branches, which will be open Saturday from 9 a.m.to 5 p.m. Adventure Bay Family Water Park will be open 10 a.m.to 8 p.m. Friday and Saturday, closed Sunday, and open 10 a.m.to 4 p.m. Monday. On Monday, April 22, Winnipeg Transit will operate on a regular weekday schedule.

Business Pinterest, Zoom shares surge in market debuts after IPOs
Author: 0 Pinterest, Zoom shares surge in market debuts after IPOs

The videoconferencing company is headquartered in San Jose, California. It shares surged 72.2% from their IPO price of $36. Despite Pinterest's efforts to distance itself from the label of a "social media company, analysts say it can be a useful benchmark for valuation".

Business Check out these 6 Easter weekend events in Richmond
Author: 0 Check out these 6 Easter weekend events in Richmond

The Easter Bunny will make a special appearance so that moms and dads can take the flawless Easter photo with the bunny. Just pick up an Easter Egg Hunt Map from the Upper Level Guest Experience desk, and follow the map to find chocolate goodies.

Business Amazon China to shut down its online store by July 18
Author: 0 Amazon China to shut down its online store by July 18

Amazon.com Inc. said Thursday that it will stop operating its online shopping service in China on July 18, according to Chinese and other media. A spokesperson for the company told the BBC that it was "working closely with our sellers to ensure a smooth transition and to continue to deliver the best customer experience possible".

Business In major cabinet reshuffle, portfolios of several ministers changed
Author: 0 In major cabinet reshuffle, portfolios of several ministers changed

He will replace Asad Umar, who resigned hours before the announcement of the reshuffle, saying Imran Khan offered him energy ministry but he did not want it. Abdul Hafeez Shaikh, a U.S-educated economist who worked at Harvard University, also spent many years working for the World Bank and had also been the privatisation minister during the government of former military dictator General Pervez Musharraf.

Business Eddington Fire Department hosts annual Easter Egg hunt
Author: 0 Eddington Fire Department hosts annual Easter Egg hunt

Registration is not required, but participants should be in the Creekview Park building by 8 p.m.to be included. Franks said he is thankful to everyone in the town that has played a role in organizing the Easter egg hunt. The community hunt is Saturday, April 20, at 10 a.m.at Eagle Town Park. The Easter Bunny was a popular guest at Saturday's Easter egg hunt sponsored by the Point Pleasant Presbyterian Church.

Business British retail sales surge in March: ONS
Author: 0 British retail sales surge in March: ONS

Rising fuel and clothing prices produced the largest upward contributions, but these were offset by a fall in costs across a range of recreational and cultural goods, food and vehicles. Initiatives from policymakers meant to reduce riskier mortgage lending have made their mark on the figures, but the impact of uncertainty over Brexit on London's housing market can not be underestimated, according to senior Hargreaves Lansdown economist, Ben Brettell.

Business President Trump is preparing a rebuttal to the Mueller report
Author: 0 President Trump is preparing a rebuttal to the Mueller report

Because of these guidelines, any grand jury material in the report must be redacted. If Nadler and Democrats are still beating the Mueller report dead horse at that late date, it will only serve to demonstrate how out of touch their party is with the rest of America.

Business India's Jet Airways to suspend operations after banks reject funding request
Author: 0 India's Jet Airways to suspend operations after banks reject funding request

India's debt-stricken Jet Airways grounded all of its operations today after failing to secure emergency funding from lenders, the carrier said in a statement. In the past few weeks, Jet Airways has been grounding planes as lessors have moved to de-register and take back their aircraft, even though the company's lenders have sought expressions of interest from potential investors in the company.

Business Apple, Qualcomm settle all legal disputes
Author: 0 Apple, Qualcomm settle all legal disputes

Intel is now supplying the modems for Apple's iPhone XS and XR handsets, and it won't be backing out that commitment. Now that Qualcomm is back in the fold - the two companies reached a six-year licensing agreement and a "multi-year" chip supply deal - Apple no longer needs Intel.

Business PMO steps in as Jet cancels global flights
Author: 0 PMO steps in as Jet cancels global flights

Jet Airways at present is operating only 6-7 planes as its nearly entire fleet is grounded owing to severe paucity of cash. "We also appeal Prime Minister Narendra Modi to save 20,000 odd jobs at the airline", National Aviator's Guild (NAG) vice-president Adim Valiani told reporters at the airline's headquarter, Siroya Centre, here on Monday.

Business Trump openly courts Minnesota voters, after losing state in 2016
Author: 0 Trump openly courts Minnesota voters, after losing state in 2016

Time magazine reports that only one-fifth Americans believe their taxes have gone down. That is small compared with the more than 8 billion hours still spent, but given the country is in the midst of an economic expansion, any drop is a rarity, wrote Demian Brady, director of research for the National Taxpayers Union Foundation.

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