Economy

Microsoft sinks deep sea data centre off Orkney

The data centre was towed out to sea where it was lowered underwater, switched on and connected to data backhaul to shore through a combined fibre-optic and pow...


No agreement yet between US, China on ZTE: Trump aide

USA companies could soon be cleared to do business with China's ZTE, according to Reuters . ZTE had previously violated USA sanctions on North Korea and Ir...


Trump sticks with hard line on trade as showdown looms at G7

Apparently the Smithsonian Institute agrees with the President, publishing an article titled, " Today We Celebrate the Time Canada Burned Down the White House "...


China warns USA against tariffs as trade talks end

Ross , who was preceded by more than 50 USA officials in Beijing , met Chinese Vice Premier Liu He for dinner on Saturday night and the two were due to meet ...


Oil slides amid 'lack of clarity' on OPEC and record U.S. production

WTI's discount to Brent widened, settling at US$11.02 a barrel after ballooning to as much US$11.57 during the session, largest since 2015. "We are going in...


Trump Keeps Promise as Manufacturing Jobs Soar

The answer to this question is clearly that we can not be sure that this hasn't or wouldn't happen thanks to the fact that this President has already violated a...


How To Celebrate National Donut Day

Five specially-selected restaurants in Buffalo, NY, Columbus, OH, and Detroit will offer 24k gold-covered Timbits, the chain's version of doughnut holes. Datz D...


Tesla Model 3 gets Consumer Reports recommendation after braking fix

Musk argued that the braking issue could be fixed with an over-the-air software update (OTA), technology that Tesla regularly relies on to improve performan...


Oil prices are falling fast. Here's why

In April, pact participants cut production by 52 percent more than required, with falling output from crisis-hit Venezuela helping OPEC deliver a bigger red...


India trying to get resolution soon on rising fuel prices: oil minister

In the capital city of Thiruvananthapuram, petrol price is at Rs 82.14 and diesel piece at Rs 74.76. The Union Minister put the blame on uncertain political c...


PayPal Will Soon Be Acquiring iZettle for About $2.2 Billion

By joining forces with PayPal, which operates in 200 countries, iZettle will be able to accelerate its worldwide expansion, including to the U.S., the companies...


A Sick Passenger Needed A Doctor. So The US Surgeon General Volunteered

Adams is the 20th Surgeon General of the United States . It wasn't clear what the emergency involved, but Adams said the patient is now doing well. Dr. Adams...


Michael Cohen Offered Qatar Investments Access To Trump. The Offer Was Declined

Some critics have questioned whether Avenatti's media strategy serves the interests of Daniels in her litigation against Trump and his former personal lawye...


Home Depot's 1Q profit overshadowed by same-store sales

Comerica Bancorporation accumulated 0.96% or 695,540 shs. (NYSE:HD) or 17,660 shs. Ashfield Prtn Lc holds 73,201 shs or 1.78% of its capital. Cancer Genetics...


Seattle OKs taxing companies like Amazon to aid the homeless

Mayor Jenny Durkan , who expressed concern that the original proposal would lead to an economic backlash, said she would sign the new tax ordinance into law. Re...


Pompeo describes what it was like meeting Kim Jong Un

Xi's offer "may have led to Kim's judgement on denuclearization" when he met with U.S. Secretary of State Mike Pompeo in Pyongyang after his China trip, accor...


Swiss Tesla accident: crash may have sparked battery fire

The 28-year-old driver has admitted to police that she was looking at her phone when she crashed, the Daily Mail reports. "An impact that speed usually resu...


BoE: Mixed messages - Deutsche Bank

Most economists polled by Reuters expect the BoE to vote 7-2 to keep rates on hold this month and not raise rates until August. Mark Carney's window to raise ...


China's ZTE paid over $2.3bln to US exporters last year

ZTE added that the company continues to communicate with the US government with the goal of modifying or reversing the order. Trump announced on Twitter he ...


UK's May and Trump agree talks needed over Iranian sanctions

Iran had been able to safeguard its oil industry against such threats over the past few years, Zangeneh was quoted as saying by Xinhua news agency. And there...


Bank of England maintains policy rate

And while Brexit-fuelled inflation has fallen sharper than expected in recent months, the Bank said rate hikes would still be needed over the next three years, ...


Walmart could be neglecting a key business by purchasing Flipkart

While the online auction and shopping website has had tremendous success in the USA, it has struggled to make a similar impact in India despite launching in 200...


California regulators approve plan to Support solar panels

Meanwhile, non-residential dwellings will achieve energy savings of 30%, the Energy Commission estimates . But the researchers noted a bright spot - the st...


Gates and Buffett bully bitcoin

Even if he doesn't feel comfortable trading on a cryptocurrency exchange such as BitMEX, he could easily open a short position in bitcoin futures on CBOE , CME...


Warren Buffett, Bill Gates beat up on bitcoin buying as "crazy"

One of these was Microsoft co-founder and Berkshire member Bill Gates . Bitcoin , Munger went on to say, "reminds me of Oscar Wilde's definition of fox hunt...


Southwest announces specific airports flying to Hawaii destinations

Moving to a broader perspective, this stock has recently been trading -22.06% away from its 52-week high and +4.92% away from its 52-week low price. The company...


Elon Musk hits back on complaints about Tesla's wild earnings call

Tesla said it's going to take time. And the future financial needs of the automotive company still remained open. Will it have the same production problems ...


Hawaiian Airlines Down-Southwest Enters Its Market

Tudor Et Al accumulated 23,047 shs. Looking at the big picture from the data above, the average analyst rating for Southwest Airlines Co .is 1.80. (NYSE: LUV )...


Pelosi's "Crumbs" Mean Lowest Unemployment Claims Since 1973

The Bureau of Labor Statistics ( BLS ) releases a monthly report which breaks down labor market trends like employment growth . Employers nationwide repo...


Golden State Killer suspect fights DNA assortment effort

DeAngelo, a former police officer, Vietnam veteran and a mechanic, was a reclusive neighbor in Citrus Heights, a town about 16 miles northeast of the Californi...


"Scout Me In": Local BSA council welcomes girls and families into scouting

In February 2019, Boy Scouts of America will change to Scouts BSA. We'll leave the last word to Eugene Gu, M.D., an outspoken critic of the President who t...


Kanye West Stirs Up TMZ Newsroom Over Trump, Slavery, Free Thought

Lathan's impassioned response became viral internet history - almost 1.2 million people viewed his take-down of West on Twitter. He said Adidas would loo...


Gas prices at highest rate since 2014

Gas prices have hit highs that drivers haven't seen since 2014 as the prices at the pump keep creeping upward. Last time the average price of a gallon of gas ...


Tesla reports narrower than expected losses, shares swerve

Music streaming service Spotify Tech ( SPOT - Free Report ) reported its initial earnings report after the closing bell, posting in-line Monthly Active Users ...


Greece Manufacturing Growth Slows For Second Month

Growth in Italian manufacturing activity slowed in April to its weakest rate in more than a year, a survey showed on Wednesday, casting some doubt over the co...


Cracked Window Forces Southwest Airlines Jet To Make Emergency Landing

Southwest Airlines passengers received another shock Wednesday after a large crack appeared in a window just two weeks after a tragic accident saw a woman pa...


Oil pares gains, market supported by Iran worries

However, "the increased drilling activity in the United States should not pose any excessive obstacle to oil prices.especially as there are no signs of any solu...


'Golden State Killer' DNA search led to wrong man previous year

I'll be Gone in the Dark traces the Golden State Killer , who is suspected of at least a dozen of murders and more than 45 rapes that took place across Cal...


Barclays PLC Reduced the Shares rating of Marathon Oil Corp. (MRO)

Also 118 funds bought new Marathon Petroleum Corp stakes. The State Street Corp holds 5.19 million shares with $114.63 million value, down from 5.50 million las...


Is Royal Dutch Shell plc (NYSE:RDS.B) A Great Dividend Stock?

A company that manages their assets well will have a high return, while if manages their assets poorly will have a low performance. Goldman Sachs set a GBX 2,98...