Finance

Fiat Chrysler Plans to Invest More Than $1B in Michigan Plant

FCA is moving production of the next-generation Ram heavy-duty pickup truck in 2020 from Mexico to its Warren Truck Assembly Plant in MI where it will be built alongside the new Jeep Wagoneer and Grand Wagoneer. FCA had pledged to invest $5.3 billion in American plants to guarantee additional union jobs as part of that agreement. Since August, the U.S., Canada, and Mexico have been in talks ... [Full Article...]

Certain recalled 2006 Ford Rangers are immediate risk to safety, company says

Certain recalled 2006 Ford Rangers are immediate risk to safety, company says Of the 391,000-plus 2004-2006 Ranger vehicles recalled at the time, the new recall announced on Thursday affects 2,900 vehicles. Most of the vehicles were sold in the United States, with 190 others sold in Canada. Approximately 34 million vehicles are now under recall for approximately 46 million defective Takata air bags that can explode. Some 19 automakers worldwide are impacted. [Full Article...]

GM says it's mass-producing cars without steering wheels

GM says it's mass-producing cars without steering wheels The company said passengers can get the auto moving by communicating with several interior screens. It's not clear yet where or when the new vehicles will eventually be deployed. If the vehicle is involved in a crash, it will automatically apply the brakes and bring the vehicle to a stop in a "controlled manner". General Motors announced Friday morning, January 12 that it has asked the governm... [Full Article...]

After tax bill, Walmart plans to increase minimum wage and give bonuses

After tax bill, Walmart plans to increase minimum wage and give bonuses Walmart announced on Thursday it will soon be raising its workers' starting wage rate for hourly employees to $11 in the wake of the Republican-backed tax plan. The payscale for hourly workers will be from $11 to $24.70 per hour, the company said. Wage increases at the lower end of the scale are typically a sign that labor markets are tight, said Elise Gould, a senior economist at the Economi... [Full Article...]

Tesco Ireland sales up 4% over key Christmas period

Tesco Ireland sales up 4% over key Christmas period United Kingdom retailer Marks & Spencer has posted a 1.4% decline in like-for-like sales in its home market in its third quarter, with Food sales down 0.4% and Clothing & Home sales down 2.8%. Lewis said the collapse of the Palmer & Harvey tobacco supplier had taken "the shine off an otherwise outstanding performance for the period as a whole". [Full Article...]

MoneyGram to pilot Ripple (XRP) in payments

MoneyGram to pilot Ripple (XRP) in payments Moreover, Ripple charges about a penny compared to a transaction fee of nearly $30 that Bitcoin charges. XRP is fast too. Money transfer companies, like MoneyGram, allow people to safely and efficiently send cross-border payments to friends, families and business partners . [Full Article...]

Sainsbury's ups profit forecast after record Christmas

Sainsbury's ups profit forecast after record Christmas With Britons under pressure from slow wage growth compounded by higher inflation, company updates and survey data this month show they cut back on nearly everything other than food purchases in the run-up to Christmas . Total grocery sales were up 2.3 per cent, with online grocery sales rising 8.2 per cent and convenience growing by 7.3 per cent. The positive trading update comes a day after ... [Full Article...]

Bitcoin, Ripple, Ethereum Slump As CoinMarketCap Kicks Off Korean Exchanges

Bitcoin, Ripple, Ethereum Slump As CoinMarketCap Kicks Off Korean Exchanges This anonymity, however, allows for cryptocurrencies to be used for transactions by criminals, which has provoked discussions around the world about how a government could possible regulate the market. On Monday, South Korean regulators inspected six local banks that offered cryptocurrency accounts to see if they were observing anti-money laundering rules. [Full Article...]

Warren Buffett's Berkshire Hathaway expands its board

Warren Buffett's Berkshire Hathaway expands its board Warren Buffett's Berkshire Hathaway is adding Gregory E. Abel and Ajit Jain as directors, boosting the size of its board to 14 members. Buffett had refused to name them, but investors who follow Berkshire had long included Jain and Abel on their short lists. [Full Article...]

Jeff Bezos is the richest person in the world

Jeff Bezos is the richest person in the world Gates net worth would have been far more if he had not given out nearly 700 million shares of Microsoft , worth $61.8 billion at today's value, as well as $2.9 billion in cash to charity since 1996. Overall in 2017, the company's stock rose almost 56%. He moved back ahead of Gates in October. Forbes reports that with inflation, that would be worth around a whopping $150 billion. [Full Article...]

Private Label Sales Boost Morrisons' Performance Over Christmas

Private Label Sales Boost Morrisons' Performance Over Christmas Strong sales of premium foods, children's clothes and bags of vegetables helped Morrisons enjoy a better-than-expected Christmas. This is the fastest sales growth the retailer has seen since June, helped by a 6.4% increase in sales of its standard own label. [Full Article...]

Samsung Electronics Reports Record High Operating Profit in 2017

Samsung Electronics Reports Record High Operating Profit in 2017 The South Korean tech giant said in a regulatory filing on Tuesday that its sales also posted a record high of 239-point-six trillion won previous year, up 18-point-seven percent. However, these losses were offset somewhat by increased demand for organic light-emitting diode, or OLED, screens. Prices for benchmark memory chips have leveled off after a year of strong gains, limiting the growth th... [Full Article...]

Nvidia launches self-driving vehicle partnerships with Uber, Volkswagen

Nvidia launches self-driving vehicle partnerships with Uber, Volkswagen The artificial intelligence tech built by Nvidia is being used by Uber's self-driving vehicle fleets in Pittsburgh and Phoenix, Nvidia CEO Jensen Huang said at the Consumer Electronics Show in Las Vegas. The development pace of the Uber fleet has accelerated dramatically, with the last million autonomous miles being driven in just 100 days. Nvidia shares were up 4%, near 224, in midday t... [Full Article...]

GoPro exits drone market and slashes jobs amid sales warning

GoPro exits drone market and slashes jobs amid sales warning GoPro will discontinue production and sales of its Karma drone , which it claims reached the number two market position in its price band in 2017. One obvious name that has been floated before when it comes to finding buyer for GoPro is Apple. In the years since its 2014 initial public offering, formerly high-flying GoPro has sharply narrowed its vision and held several rounds of layoffs... [Full Article...]

Fired engineer sues Google, alleging bias against conservatives and white men

Fired engineer sues Google, alleging bias against conservatives and white men James Damore was fired from his engineering job at Google past year after he wrote a memo that criticized the company's diversity efforts and argued that the low number of women in engineering positions was a result of biological differences. [Full Article...]

Defending Champion Serena Williams Has Pulled Out Of The Australian Open

Defending Champion Serena Williams Has Pulled Out Of The Australian Open I can compete, but I don't want to just compete. She gave birth in September and played in an exhibition tournament last week. Serena Williams' decision not to defend her Australian Open title four months after giving birth to her first child had nothing to do with merely being able to play at Melbourne Park. [Full Article...]

False rumour sees Bitcoin rival soar in value, then plummet again

False rumour sees Bitcoin rival soar in value, then plummet again But Chris Larsen's place at the very top of the rich list proved to be very brief after Ripple ( which is also called XRP ) dropped in price and he slipped back down the list again to end up in about 15th place. Gox. In anticipation of a listing on Coinbase, ahead-of-the-curve crypto-speculators bought into Ripple through other less accessible exchanges, assuming their superior crypto-li... [Full Article...]

Apple warns iPhones, iPads and Mac computers hit by Intel flaw

Apple warns iPhones, iPads and Mac computers hit by Intel flaw It urges users to only download software from trusted sources, i.e. the App Store, and has already released 'mitigations against one of the flaws in its latest iPhone and iPad operating system updates . The security vulnerabilities apply to all modern computer processors and affect almost all computers and smartphones, leaving tech companies scrambling to find a fix . [Full Article...]

The new year is rung in from Australia to the Middle East

The new year is rung in from Australia to the Middle East Following a large laser countdown, almost 3,000 shots were fired off Auckland's iconic Sky Tower in a near-six minute show. On the other hand, pyrotechnics also marked the arrival of 2018 in New Zealand where people were seen partying hard to celebrate the new year. [Full Article...]

Florida minimum wage set to rise Monday

Florida minimum wage set to rise Monday The 15-cent increase for 2018 is the largest hourly increase since 2012, when the wage rose by 36 cents an hour, according to the Department of Economic Opportunity. Whether it's five cents, as in 2017 or the fifteen cents for 2018, minimum wage workers will use what they can make to help them in their quest for making a decent living. [Full Article...]


« Previous 1 2