Markets

NY just capped the number of Uber, Lyft vehicles

NY just capped the number of Uber, Lyft vehicles

New York City has become the first city in the country to limit the number of Uber and Lyft vehicles on the road - at least temporarily. "It would also allow the Commission address incomes for app-b...

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First round of U.S. tariffs on Chinese goods to hit $50B - USTR

First round of U.S. tariffs on Chinese goods to hit $50B - USTR

The 25 percent tariffs will go into effect August 23, targeting cars, crude oil, natural gas and coal. John Neuffer, president and CEO of the Semiconductor Industry Association, said in a stateme...

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Saudi billionaire takes stake in Snap

Saudi billionaire takes stake in Snap

The company has not been growing well for some time now, and now for the first time is losing daily active users, dropping from 191 million in the first quarter of the year, to 188 million in the las...

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Oil Plunges to almost 7-Week Low amid US-China Trade Tension

Oil Plunges to almost 7-Week Low amid US-China Trade Tension

US crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Saudi Arabia will probably want to ensure that output d...

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Tesla board evaluating CEO Musk's idea to take company private

Tesla board evaluating CEO Musk's idea to take company private

He could persuade as many current investors as possible to exchange their public shares for new ones in the private company. Elon Musk disrupted multiple industries on Tuesday when the Tesla CEO [...

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Local Brewers react to 'Buck-a-Beer' program

Local Brewers react to 'Buck-a-Beer' program

Before 2008, "buck-a-beer" did exist, until the Liberal government boosted the price of a 24-pack of beer from $24 to $25.60. "My friends we're going to do our part because a buck a beer is coming to ...

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China announces $60B of US goods for tariff retaliation

China announces $60B of US goods for tariff retaliation

On Wednesday, President Donald Trump ordered U.S. Trade Representative Robert Lighthizer to consider raising proposed tariffs on an additional $200 billion of Chinese products from 10% to 25%....

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Tesla wants to go private

Tesla wants to go private

Musk also wants Tesla's employees to remain shareholders. Tesla has had more than its share of ups and downs over the past few months, due to an intense focus on production rates and sales figures f...

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Elon Musk says he's considering taking Tesla private

Tesla did not respond to a request for comment immediately. "Yes, might take Tesla private", he said. A deal at $420 per share represents a 22.8% premium to Tesla's closing price on Monday, valui...

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Fetus discovered by crew on plane at NYC's LaGuardia Airport, sources say

Fetus discovered by crew on plane at NYC's LaGuardia Airport, sources say

The fetus was found inside the plane's lavatory early Tuesday morning and authorities were called around 6 a.m., according to WPIX . American Airlines Flight 1942 departed from Charlotte Douglas ...

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Facebook accused of asking banks for financial information about its users

Facebook accused of asking banks for financial information about its users

The Wall Street Journal says that JPMorgan Chase , Wells Fargo , US Bank and Citigroup among others have been approached by Facebook to discuss potential offerings it could host on its messaging ...

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PepsiCo CEO Indra Nooyi to step down, Ramon Laguarta to succeed

PepsiCo CEO Indra Nooyi to step down, Ramon Laguarta to succeed

Laguarta will take over on October 3 and will also join the board, the company said in a statement . She will remain as chairwoman of the board of directors until early 2019. "It was her insistence...

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Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229

Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229

Nurmagomedov (26-0), who wasn't actually on the bus, won the vacant lightweight belt by beating Al Iaquinta in Brooklyn two days after McGregor's attack, which injured uninvolved fighters Michael Chie...

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Ponnuru: Touting free-trade Trump

Ponnuru: Touting free-trade Trump

The spokesperson pointed out that, because the United States had repeatedly escalated the situation in disregard of the interests of enterprises and consumers of both countries, China was forced to ...

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Oil prices decline amid rising US inventories

Oil prices decline amid rising US inventories

USA crude inventories rose 3.8 million barrels last week, according to data from the Energy Information Administration. "Tariffs look set to kick in as soon as September, meaning that any barrels ar...

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Ryanair Says Tomorrow's Strike Of Dublin Pilots Will Go Ahead

Ryanair Says Tomorrow's Strike Of Dublin Pilots Will Go Ahead

It read: "For over a month, the union has said that industrial action is likely to continue until there is substantial movement on the pilots' reasonable demands for an agreement on a fair and transpa...

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RBI hikes repo rates by 25 basis points

RBI hikes repo rates by 25 basis points

EMIs on home, vehicle and two-wheeler loans are set to cost more as the Reserve Bank of India ( RBI ) on Wednesday raised key lending rates on the back of higher inflationary risks and fears of global...

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July labor report: 157000 new jobs; unemployment dips below 4%

July labor report: 157000 new jobs; unemployment dips below 4%

The US economy added fewer jobs than expected in July after a surge of hiring in the previous months. The economy expanded at a 4.1 per cent annual rate in the April-June quarter, the strongest show...

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Iran receives more airplanes ahead of renewed US sanctions

Iran receives more airplanes ahead of renewed US sanctions

Teams of USA officials have been visiting capitals around the world to try to choke off sales of Iranian oil by early November, when US sanctions are due to snap back into effect. The surge in imports...

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Oil prices mixed; Brent eases as trade tensions weigh

Oil prices mixed; Brent eases as trade tensions weigh

The U.S. government's supply report is due on Wednesday. Oil prices fell on Wednesday after industry data showed USA stockpiles of crude unexpectedly rose, and as economic growth slowed, especia...

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Apple becomes first USA trillion dollar company

Apple becomes first USA trillion dollar company

If someone had bought $10,000 of the stock at that low point, their investment would now be worth $2.6 million. This achievement is the evidence of Apple's long-standing dominance in the industr...

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White House ups ante, looks at 25% tax on Chinese goods

White House ups ante, looks at 25% tax on Chinese goods

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on U.S. goods were rational and restrained. Meanwhile, after the initial $34 billion worth of t...

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China threatens tariffs on $60 billion in USA goods

China threatens tariffs on $60 billion in USA goods

Today's retaliation from China suggests that tactic hasn't worked. The threat came a day after Chinese officials appealed for dialogue based on "mutual respect", with Foreign Minister Wang Yi urging...

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Detained U.S. pastor 'needs to come home,' Pompeo warns Turkey

Detained U.S. pastor 'needs to come home,' Pompeo warns Turkey

The Foreign Ministry strongly protested against the U.S. Treasury Department's decision, calling on the U.S. administration to reverse its "wrong decision". The White House imposed sanctions on Turk...

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"Don't Underestimate Trump": US After China Threatens Retaliatory Tariffs

Beijing warned on Friday, August 3, it was prepared to impose new tariffs on $60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war. The US imposed 25 per cent...

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