Buffett And Dimon: No More Quarterly Profit Forecasts

They told companies to move away from providing quarterly guidance . More Money: Quick, make an offer! FILE PHOTO: Jamie Dimon , CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit during a panel discussion at ... More..

by | Published 12 days ago
U.S. Cuts Deal With Sanctioned Chinese Tech Company ZTE
by | Saturday, June 09, 2018

U.S. Cuts Deal With Sanctioned Chinese Tech Company ZTE

Should ZTE fail to comply with the deal, in addition to the billion dollar penalty, the agreement also includes $400 million in escrow to cover any future violations, including "sanctions or anything else", ...More..

Ex-Cambridge Analytica chief admits researcher provided Facebook data
by | Friday, June 08, 2018

Ex-Cambridge Analytica chief admits researcher provided Facebook data

Former Cambridge Analytica boss Alexander Nix has accused Channel 4 News of having "heavily edited" footage of him being interviewed by an undercover journalist, which led to his suspension from the data ...More..

NTSB updates on fatal Model X crash
by | Friday, June 08, 2018

NTSB updates on fatal Model X crash

Federal investigators said Thursday that a Tesla Model X traveling on Autopilot in California sped up before crashing into an highway barrier, killing its driver and striking two other cars. Four seconds be...More..

Chuck Schumer Rips Trump Amid Reported ZTE Deal
by | Thursday, June 07, 2018

Chuck Schumer Rips Trump Amid Reported ZTE Deal

The terms outlined by Reuters are similar to the those Trump outlined in a May 25 tweet , saying that ZTE might reopen "with high level security guarantees, change of management and board, [and it] must pu...More..

MyHeritage suffers massive data leak affecting 92m users
by | Thursday, June 07, 2018

MyHeritage suffers massive data leak affecting 92m users

The company determined the file was legitimate and contained the information of 92,283,889 users who had created an account up to the breach date. MyHeritage announced the data breach on Monday, June 4, aft...More..

Reserve Bank of India may go for more rate hikes: HDFC Bank
by | Thursday, June 07, 2018

Reserve Bank of India may go for more rate hikes: HDFC Bank

But for many, June meeting's decision is a very close call . With the fresh 25 bps hike, the reverse repo rate has now gone up to 6 per cent. There are too many uncertainties and risks to the inflation proje...More..

by | Thursday, June 07, 2018

ZTE has reached a deal to have USA sanctions lifted

He also said ZTE was "reflective of the larger trade deal we are negotiating with China and my personal relationship with President Xi". It's important to note that this deal is not confirmed, with Commerce D...More..

by | Thursday, June 07, 2018

Trump invokes War of 1812 in testy call with Trudeau over tariffs

Mr Trump directed Mr Mnuchin to draw up the restrictions as part of a probe into China's alleged theft of intellectual property that also allows the imposition of tariffs. In addition, China would buy more US c...More..

Key Senate Republicans seek to challenge Trump over tariffs
by | Thursday, June 07, 2018

Key Senate Republicans seek to challenge Trump over tariffs

On average, the Senate has taken 86 days to confirm a Trump nominee, more than any of the four previous presidents, according to the Partnership for Public Service . Instead, he said, he favors trying to p...More..

From bourbon to boats, Mexico strikes back against USA steel tariffs
by | Wednesday, June 06, 2018

From bourbon to boats, Mexico strikes back against USA steel tariffs

The statements follow Trump's economic adviser Larry Kudlow's interview with Fox News, during which he revealed that the USA president was looking into signing separate bilateral agreements with Canada and Me...More..

Mexico hits US with retaliatory tariffs
by | Wednesday, June 06, 2018

Mexico hits US with retaliatory tariffs

At least one European company and a USA counterpart have already sued in a us federal court, claiming that Mr. Trump's national security rationale is bogus and the tariffs unlawful, but given courts' usual av...More..

Tesla boss says no to electric bikes
by | Wednesday, June 06, 2018

Tesla boss says no to electric bikes

Answering a Twitter question about whether European customers will get a cab-over-engine model, Musk said that an upcoming revision to the design that was revealed in late 2017 will make the truck fit in wi...More..

Qatar Airways boss says only a man could do his 'challenging' job
by | Wednesday, June 06, 2018

Qatar Airways boss says only a man could do his 'challenging' job

Qatar Airways Chief Executive Officer Akbar al-Baker poses with cabin crew in an Airbus A350-1000 at the Eurasia Airshow in the Mediterranean resort city of Antalya, Turkey April 25, 2018. Qatar Airways staff ...More..

Howard Schultz stepping down as Starbucks' executive chairman
by | Tuesday, June 05, 2018

Howard Schultz stepping down as Starbucks' executive chairman

There was speculation that Schultz would run for office last election cycle, but he tamped down rumors with an op-ed that stated, "Despite the encouragement of others, I have no intention of entering the pres...More..

Scalping Opportunity In WTI Crude Oil
by | Monday, June 04, 2018

Scalping Opportunity In WTI Crude Oil

According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 3.6 million barrels during the week ending May 25. Commod...More..

Germany's Merkel to work with Italy's populist new govt
by | Monday, June 04, 2018

Germany's Merkel to work with Italy's populist new govt

Reports say a major trading war is brewing between the USA and its closets allies after the imposition of new tariffs which could see U.S. consumers pay more for everything from canned soup to cars. On Italy, ...More..

Microsoft Just Surpassed Alphabet In Market Value 05/31/2018
by | Monday, June 04, 2018

Microsoft Just Surpassed Alphabet In Market Value 05/31/2018

This turned Microsoft the 3rd most valuable company after Apple and Amazon all over the world. While Microsoft is still far behind Apple's market valuation of $923bn and Amazon's $782bn market cap, th...More..

The Unemployment Rate Is The Lowest It's Been Since April 2000
by | Monday, June 04, 2018

The Unemployment Rate Is The Lowest It's Been Since April 2000

It is extremely closely held and kept under tight control until it is released at 8:30 a.m. on the first Friday of each month. President Donald Trump ran for president with a promise of reviving the economy...More..

Italy's Conte sworn in as PM of anti-establishment government
by | Monday, June 04, 2018

Italy's Conte sworn in as PM of anti-establishment government

The first effort by the two largest anti-establishment forces was torpedoed on Sunday when President Sergio Mattarella rejected their candidate for economy minister - 81-year-old economist Paolo Savona, who has...More..

A Move to Vermont Could Net You $10K, but There's a Catch
by | Monday, June 04, 2018

A Move to Vermont Could Net You $10K, but There's a Catch

That's why increasing our work power is without doubt one of the prime priorities of my administration. Vermont's population of 625,000 people is aging faster than the rest of the USA population. For a work...More..

Dog found dead in carrier during layover on NJ-bound flight
by | Monday, June 04, 2018

Dog found dead in carrier during layover on NJ-bound flight

The dog traveled in a kennel in the cargo hold of the jet. That's when a flight attendant checked on Alejandro, according to Delta. When the plane landed there, the 8-year-old Alejandro was still alive. Accor...More..

Visa payments back to ‘full capacity’
by | Monday, June 04, 2018

Visa payments back to ‘full capacity’

The biggest and most popular payment system, Visa yesterday had a huge outage in Europe that affected millions of customers as they were unable to make payments. Messages telling customers of the "disruption ...More..

Google will no longer cooperate with the US Department of defense
by | Monday, June 04, 2018

Google will no longer cooperate with the US Department of defense

The Silicon Valley tech giant reportedly announced to employees Friday that it won't seek another contract with the Air Force artificial intelligence initiative once this one is over in 2019, according to Giz...More..

Jeep's India and global plans detailed in FCA's five year plan
by | Sunday, June 03, 2018

Jeep's India and global plans detailed in FCA's five year plan

There are also plans to launch 10 hybrid models and four fully-electric models under the Jeep brand by 2022. Vetr upgraded Fiat Chrysler Automobiles from a "buy" rating to a "strong-buy" rating and set ...More..

Pedro Sanchez sworn in as Spain´s prime minister
by | Sunday, June 03, 2018

Pedro Sanchez sworn in as Spain´s prime minister

As Spain's new prime minister , whose party only has a quarter of the seats in parliament , Sanchez now has to decide who to include in his cabinet . Outgoing premier Rajoy conceded defeat prior to the...More..

Trump crows as rosy jobs report underscores booming economy
by | Sunday, June 03, 2018

Trump crows as rosy jobs report underscores booming economy

Everyone with advance access to the data at the BLS and the White House have to swear not to say anything about it until they're released. "It's a judgment call", Kudlow said. "I don't he gave anything away...More..

G7 allies prepare for clash over tariffs with Trump at leaders' summit
by | Sunday, June 03, 2018

G7 allies prepare for clash over tariffs with Trump at leaders' summit

Mexico announced retaliatory tariffs on US products, and Canada said it would act as well. As the ministers meet ended, Trump was as bellicose as ever, taking to Twitter to denounce "stupid trade" in whic...More..

USA takes another swing at China with investment restrictions
by | Sunday, June 03, 2018

USA takes another swing at China with investment restrictions

Some people familiar with the matter have told Reuters that approval may depend on progress of broader talks and a reprieve from a USA government ban on sales by US companies to China's ZTE Corp, penalized for ...More..

by | Saturday, June 02, 2018

Google plans not to renew military deal protested by employees

About a dozen Google employees have quit over Maven. Google's participation in the program, which critics contend could help increase the accuracy of drone-missile strikes, sparked controversy both inside and o...More..