Oil prices down after lower-than-expected inventory draw

However, it is unclear to what extent the talks with China and al-Falih's remarks will keep the market buoyed, especially given the U.S. Energy Information Administration reporting that the nation's inventories of gasoline rose by 8. Saudi Arabia ha... More..

by | Published 6 days ago
Amazon CEO, Jeff Bezos divorces wife
by | Friday, January 11, 2019

Amazon CEO, Jeff Bezos divorces wife

The couple chose to divorce after a long period of "loving exploration" and trial separation, and expect to continue as partners in joint ventures and projects, according to the statement. Also left unanswered...More..

2019 iPhones: Three new handsets, one with a triple-rear-camera setup
by | Friday, January 11, 2019

2019 iPhones: Three new handsets, one with a triple-rear-camera setup

The problem is that even if Apple now wanted to pivot away from releasing an iPhone with an LCD display, it's likely too late in the planning cycle for Apple to make any significant changes. Mr Cook also ackn...More..

by | Friday, January 11, 2019

Carlos Ghosn indicted on two new charges

Mr Ghosn, who has been detained since November, was charged with aggravated breach of trust and understating his income. But afterwards Ghosn's lawyer said it would be "very difficult" to win bail and it co...More..

Fiat Chrysler Slapped With $650 Million Fine For Emissions Scandal
by | Friday, January 11, 2019

Fiat Chrysler Slapped With $650 Million Fine For Emissions Scandal

The Environmental Protection Agency in 2017 accused the automaker of improperly employing software controls to circumvent emissions regulations in the EcoDiesel-powered Ram 1500 and Jeep Grand Cherokee . In ...More..

Longer US government shutdown will hit economy, says Fed chief
by | Friday, January 11, 2019

Longer US government shutdown will hit economy, says Fed chief

As inflation shows no signs of accelerating much beyond the Fed's two per cent target, there is no urgent need to raise the benchmark lending rate further, he said. "That was conditional on a very strong ou...More..

China Economic Slowdown Biggest Threat To Global Economy
by | Thursday, January 10, 2019

China Economic Slowdown Biggest Threat To Global Economy

China and the USA wrapped up three days of trade talks and are reportedly coordinating how to characterize the results publicly as officials from both nations expressed optimism that progress had been made. The...More..

Toyota recalls 1.7m more vehicles over Takata airbag defects
by | Thursday, January 10, 2019

Toyota recalls 1.7m more vehicles over Takata airbag defects

It's one of the largest automotive recalls in USA history, according to the Associated Press . The inflators can "explode with too much force and hurl shrapnel into drivers and passengers", according to the AP...More..

FDA Halts Routine Food Inspections Due to Government Shutdown
by | Thursday, January 10, 2019

FDA Halts Routine Food Inspections Due to Government Shutdown

Gottlieb said that the agency, which oversees about 80 percent of the food supply, is continuing to surveil foreign manufacturers and imported food, as well as any domestic producers involved in a current re...More..

Larry Ellison Invests $1B In Tesla
by | Thursday, January 10, 2019

Larry Ellison Invests $1B In Tesla

Musk also courted controversy previous year, with the SEC ordering greater board oversight following the CEO's claims in August of having funding and investor support to take the company private at $420 a share...More..

Rare penny found in cafeteria change could sell for over $1 million
by | Thursday, January 10, 2019

Rare penny found in cafeteria change could sell for over $1 million

In 1943, during World War II , pennies were supposed to be made of steel, because copper was needed for other uses, but a handful of the coins were mistakenly pressed with copper, and Don Lutes Jr. "Stories ap...More..

Trump Complains Again About Fed, Calling Rates ‘Rapidly Raised’
by | Thursday, January 10, 2019

Trump Complains Again About Fed, Calling Rates ‘Rapidly Raised’

Federal Reserve, and as the United States and China resumed trade talks. "The Fed is listening to the market and has acknowledged flashing market signs", said Sim Moh Siong, currency strategist at Bank o...More..

Apple is reportedly cutting iPhone production by 10 percent
by | Thursday, January 10, 2019

Apple is reportedly cutting iPhone production by 10 percent

It is perhaps interesting-and legally problematic-that that letter never addressed ongoing problems. Hot on the heals on this comes the news that Apple is cutting production of new iPhones for the current quart...More..

White House says IRS can issue tax refunds during partial shutdown
by | Thursday, January 10, 2019

White House says IRS can issue tax refunds during partial shutdown

The stalemate over the proposed Mexico border wall is now in its third week. Russell Vought, the acting director of the department, said, " Tax refunds will go out", according to Bloomberg . Mr Trump has re...More..

Markets buoyed as US-China trade talks extended amid signs of progress
by | Thursday, January 10, 2019

Markets buoyed as US-China trade talks extended amid signs of progress

USA and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were " going very well! ". If talks continue to go well, a ca...More..

Oil rises 2 pct on US-China trade talk optimism
by | Wednesday, January 09, 2019

Oil rises 2 pct on US-China trade talk optimism

Mr Ted McKinney, US under secretary of agriculture for trade and foreign agricultural affairs, said the US trade delegation is "wrapping up" meetings with Chinese officials and will return to the US later on We...More..

Unifor rallying union members to protest GM's Oshawa factory closing
by | Wednesday, January 09, 2019

Unifor rallying union members to protest GM's Oshawa factory closing

GM announced in November the Oshawa plant will close this year, part of cuts in the USA and Canada that will see 14,000 workers in North America out of work and five plants closed. "The auto sector needs to b...More..

Verizon Takes Swipe at AT&T Over Its '5G E' Upgrade
by | Wednesday, January 09, 2019

Verizon Takes Swipe at AT&T Over Its '5G E' Upgrade

Let's be clear here: you are not getting any sort of real 5G via a software update. They've called AT&T's efforts confusing and deliberately misleading in an effort to get consumers to think they're using AT&T'...More..

by | Wednesday, January 09, 2019

Oracle's Ellison Reveals $1 Billion Stake in Tesla

He indirectly owns 3 million shares through the Lawrence J. Ellison Revocable Trust. Tesla named Ellison, who's reportedly close friends with chief executive Elon Musk, to its board in December as part of a ...More..

Fleet sales fall 7.3% in 2018 as new vehicle emissions rise
by | Wednesday, January 09, 2019

Fleet sales fall 7.3% in 2018 as new vehicle emissions rise

The Society of Motor Manufacturers and Traders (SMMT ) said 52,533 new cars were registered in 2018, down from 54,356 the previous year. This comes on the back of a 7.9% downturn in fleet registrations for D...More..

Oil prices edge up on trade talk hopes and OPEC cuts
by | Wednesday, January 09, 2019

Oil prices edge up on trade talk hopes and OPEC cuts

Brent crude LCOc1 futures rose $1.47 to $58.53 a barrel, a 2.6 percent gain, as of 11:12 a.m. EST (1612 GMT). What will be the average price for Brent Crude Oil in 2019? Futures in NY increased as much a...More..

TSA union warns shutdown could lead to 'massive' airport security risk
by | Wednesday, January 09, 2019

TSA union warns shutdown could lead to 'massive' airport security risk

Airline pilots have appealed to President Trump to end the partial United States government shutdown as hundreds of security screening staff call in sick rather than work without pay. Due to excessive unsche...More..

Edmonton rally to support B.C. First Nation's anti-pipeline checkpoint
by | Wednesday, January 09, 2019

Edmonton rally to support B.C. First Nation's anti-pipeline checkpoint

She was released but the 13 other people arrested were taken to Prince George, he said . The company says it has signed agreements with all First Nations along the route, but demonstrators argue Wet'suwet'en...More..

Sears Takeover Bid Fails, Asks Bankruptcy Judge To Liquidate
by | Tuesday, January 08, 2019

Sears Takeover Bid Fails, Asks Bankruptcy Judge To Liquidate

The Sears board rejected Lampert's $4.4 billion bid Friday to acquire 425 Sears stores along with other assets of the bankrupt retailer - and a last-minute scramble to improve the offer has not moved the ne...More..

Flights out of London's Heathrow Airport suspended after drone sighting
by | Tuesday, January 08, 2019

Flights out of London's Heathrow Airport suspended after drone sighting

It said it is working with police to prevent any threat to operational safety and apologised to passengers "for any inconvenience this may cause". Flights from London's Heathrow airport were halted on Tuesd...More..

Intel announces new 9th Gen desktop CPUs at CES 2019
by | Tuesday, January 08, 2019

Intel announces new 9th Gen desktop CPUs at CES 2019

Intel also demonstrated its future Intel Xeon Scalable processor based on 10nm Ice Lake . Intel is promising that the mobile PC platform will "accelerate AI usage" and improve visual performance thanks to it...More..

Samsung, like Apple, slashes outlook amid big tech slowdown
by | Tuesday, January 08, 2019

Samsung, like Apple, slashes outlook amid big tech slowdown

The warning from the South Korean company added to concerns about the wider tech sector after Apple last week shook world markets when it said it was set to miss its latest revenue target thanks to a slowdown...More..

Wait, what? Hyundai reveals wacky 'walking' vehicle concept!
by | Tuesday, January 08, 2019

Wait, what? Hyundai reveals wacky 'walking' vehicle concept!

The vehicle would drive to the scene of an natural disaster or tsunami, for example, and then lift itself up on legs to walk across ground that would bring regular vehicles to a halt. Further, the combination...More..

Carlos Ghosn: the allegations and the rebuttals
by | Tuesday, January 08, 2019

Carlos Ghosn: the allegations and the rebuttals

In Paris, the French and Japanese finance ministers, Bruno Le Maire and Hiroshige Seko, reiterate "strong support" for maintaining the Renault-Nissan-Mitsubishi alliance. He is accused of transferring to Nissan...More..

Apple is doing a amusing job of shunning CES this year
by | Tuesday, January 08, 2019

Apple is doing a amusing job of shunning CES this year

It also included the URL to Apple's privacy website. That URL helps people to search online for information related to Apple's privacy details. Let's face it. This year, Apple has a strong message for Goo...More..