Money

by | March 29, 2019 | 17:47

The issue is diplomatically sensitive because New Zealand joined other countries late a year ago in calling out the Chinese government for mounting co-ordinated cyber-attacks in 2017. The New York-based Soufan Group, which compiles security assessments, warned that the use of Huawei technology could have "repercussions" for member nations in the so-called Five Eyes intelligence sharing collective.

by | March 29, 2019 | 12:58

The move comes after U.S. authorities expressed concern that the firm's ownership of the US-based firm is a national security risk, sources told Reuters news agency. Grindr and Cowen declined to comment. Cfius previously blocked the acquisitions of MoneyGram and Applovin by Chinese companies due to security concerns.

by | March 29, 2019 | 09:38

Apple invited Hollywood A-listers like Steven Spielberg, Reese Witherspoon, Jennifer Aniston, and even Oprah Winfrey to help celebrate the launch this fall of Apple TV Plus , which will feature Apple's original programming . He mentioned that he expects these companies to soon start designing their own Android app that can do what the Apple Card will do. What is competitive about the Apple card is that it got rid of late payment fees - which is rare.

by | March 29, 2019 | 09:01

Lyft raised its IPO price range to between $70 and $72 per share, meaning the ride-hailing company is now targeting a valuation of up to $24.3 billion. "We really think this is going to be the best year we've seen for IPOs in ages", Jackie Kelley, Americas IPO Leader at Ernst & Young, said in an interview.

by | March 28, 2019 | 21:11

Its website says Wow Air has ceased operations and cancelled all flights. In the wake of Wow's announcement, many stranded passengers took to social media to share their horror stories. "Anyone have any advice on how to get back to the States", she asked, noting that most tickets are now at least $2,000. This article will be updated when new information becomes available.

by | March 28, 2019 | 16:28

The first of this week's supply reports, from the American Petroleum Institute, is due at 2030 GMT. Both the crude oil benchmarks plunged by over 3% in the last week hitting their highest since past year November. The recent downward revisions in inflation and growth forecasts by the U.S. Federal Reserve due to ongoing headwinds from trade tensions and growing political fragmentation, and the notable drop in 10-year treasury yields impacted oil prices.

by | March 28, 2019 | 11:54

At an estimated $ 750 million , a single victor would have the option to take a single lump sum payment of about $465.5 million, according to a Powerball news release. A Sanibel man just missed winning the PowerBall jackpot in Saturday night's drawing, but still won an impressive $2 million prize. Those tickets were sold in Arizona, two in California, Indiana, Missouri, New Jersey and NY.

by | March 28, 2019 | 11:43

Kamala Harris and Dianne Feinstein voted " present " on the progressive Green New Deal , declining to take a stance on the non-binding proposal that lays out goals for how the government could reduce the affects of climate change . A growing number of Republicans, including Senate Majority Leader Mitch McConnell of Kentucky, now say they believe climate change is real and that humans play a role in it.

by | March 28, 2019 | 08:55

Using Dynamic Yield's AI-powered tech, the burger giant will be customising its Drive-Thru menu to show food items based on the time of day, weather, current restaurant traffic, and trending menu items. fast-food giant McDonald's. Dynamic Yield has 180 employees in six locations worldwide including Tel Aviv and its corporate headquarters in NY, with most employees based in Israel.

by | March 28, 2019 | 07:42

Henry Avocado sold their fruit in bulk across California, Arizona , Florida , Wisconsin , North Carolina , and New Hampshire . Henry Avocado Corporation said there have been no reports of illnesses tied to the possible contamination.

by | March 27, 2019 | 18:27

European and US equity markets were expected to follow Asia's lead, spreadbetters showed, with London's FTSE futures up 0.3 percent and E-minis for the S&P 500 tacking on one-third of a percent. US economic growth could be "pretty weak" in the first quarter but will likely much closer to 2-2.5 percent for the rest of the year, but a central bank pause is the responsible thing to do, Fed Bank of Boston president and CEO Eric Rosengren said at a conference in Hong Kong.

by | March 27, 2019 | 11:06

A trade court judge will recommend banning some iPhones from being imported into the USA after concluding Apple's best-selling device infringed on technology owned by mobile chip maker Qualcomm. After the non-binding decision in Qualcomm's favor was announced on Tuesday, Apple shares closed down 1 percent to $186.79 in regular trading, and Qualcomm closed up 2.4 percent to $58.

by | March 27, 2019 | 03:28

This acquisition comes right ahead of Uber's highly-anticipated IPO next month, which could take it's valuation to above $100 billion, from its current $70 billion. On Careem's website , the company wrote, "We are still Careem". Mudassir Sheikha, the co-founder and CEO of Careem will lead the Careem business and will present reports to the three representatives which includes one from Uber and the remaining two from Careem.

by | March 26, 2019 | 03:03

Apple Card users will receive their cash-back rewards on a daily basis instead of at the end of each billing cycle. The tech giant said it sought to toss out numerous things people don't like about credit cards by doing away with late fees, annual fees and worldwide fees, as well as penalty interest rates.

by | March 25, 2019 | 13:09

Finance Ministry sources in New Delhi said on Friday that the lenders of Jet Airways are in the process of securing "substantial stake" in the ailing airline to try and revive it to a manageable state, before selling it to new promoters. "If there is a good outcome from the negotiations between the creditors and the corporate debtor, then that is better than dragging into insolvency.

by | March 25, 2019 | 11:26

By selecting the iconic trading floor in the heart of Wall Street, Uber is diverging from rival Lyft Inc., which will start trading next week on the Nasdaq Global Select Market. The filing confirms that Pinterest will debut with the same dual-class stock structure as Snap before it and Lyft, which is now pursuing its own IPO.

by | March 25, 2019 | 07:08

That benchmark yield dropped below the yields on all maturities of T-bills for the first time in 12 years, what's called a yield-curve inversion that is often a harbinger of economic recession. "China trade and a global economic slowdown - there's little to be optimistic about". Readings above 50 indicate expansion, while anything below 50 indicates contraction.

by | March 25, 2019 | 06:33

Jet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more worldwide routes till end-April even as it grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54. The flights which have been suspended from Mumbai for this period include services to Abu Dhabi (12 weekly), Bahrain (4-7 weekly), and Dammam (14 weekly).

by | March 25, 2019 | 04:54

However, government fixed income yields are delivering, by one measure, a possible recession indication that hasn't happened since 2007. As Barron's reports , short-term bond yields reflect current economic strength, while "the long-term end of the yield curve - 10-year Treasuries and further out - is thought to indicate bond investors' long-term views of the market".

by | March 25, 2019 | 04:12

Musk called the regulator the "Shortseller Enrichment Commission" on Twitter after the settlement, and tweeted that "something is broken with SEC oversight" just one day after the agency started pursuing the contempt order. It also wrote that there was no free speech issue to address regardless, since it only imposes a requirement that he clear any relevant posts with his legal department before tweeting them out.