Markets

Markets New flame-throwing 2019 Corvette ZR1 is the fastest yet
Author: 0 New flame-throwing 2019 Corvette ZR1 is the fastest yet

It goes on sale in spring 2018. The power is channeled through the familiar Corvette seven-speed manual - or, in a first for ZR1s, an eight-speed automatic with manual-mode paddle-shifters. Michelin Pilot Super Sport run-flats are also standard, sized P285/30ZR19 in front and P335/25ZR20 in back. Both of the rear wings are attached to the car's chassis - something Chevrolet claims will increase strength and stability.

Markets Hasbro Makes Bid To Buy Mattel
Author: 0 Hasbro Makes Bid To Buy Mattel

Corporate insiders own 0.88% of the company's stock. Mattel's shares have slumped 47 percent this year, valuing the company at $4.8 billion and making it more vulnerable as a takeover target. The report comes close on the heels of the bankruptcy of Toys'R'Us - a major outlet for toy sales - that piled more pressure on an industry already struggling with online competition and lackluster demand for traditional toys.

Markets Chinese spend billions shopping online on 'Singles Day'
Author: 0 Chinese spend billions shopping online on 'Singles Day'

Singles' Day now marks the start of a 24-day shopping festival. Additionally, the retailer hit a record $18 billion in just 13 hours, eclipsing last year's record of $17.8 billion in 24 hours. Cyber Monday sales clocked in at $3.5 billion-resulting in total sales of about $8.7 billion as consumers prepared for the gift-giving holiday season.

Markets JC Penney Share Jump on Strong Sales
Author: 0 JC Penney Share Jump on Strong Sales

Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. In other news, EVP John Joseph Tighe III sold 38,756 shares of the business's stock in a transaction that occurred on Friday, November 18th. Rhumbline Advisers now owns 629,809 shares of the department store operator's stock worth $2,929,000 after acquiring an additional 60,340 shares during the period.

Markets At Walmart, Black Friday starts on Thanksgiving
Author: 0 At Walmart, Black Friday starts on Thanksgiving

Want Black Friday savings without the hassle? Online deals will start at 12:01 a.m. ET Thanksgiving Day. From 6-10 p.m. on Sunday, November 19 - four days ahead of time - members of the Shop Your Way rewards program will be able to take advantage of Sears' and Kmart's Black Friday deals in-store as part of "Members Night".

Author: 0 Marissa Mayer testimony: I don't know how Yahoo hack happened

While speaking to lawmakers on Wednesday, former Yahoo CEO Marissa Mayer (above) apologized for Yahoo hacks and claims that no company is immune from them. Both Mayer and Verizon's Zacharia listed Yahoo's response to the breach, like requiring password changes and improving its encryption. "We describe this as arms race, hackers become ever more sophisticated and we have to become sophisticated in turn", Mayer said.

Markets Lidl UK to increase basic wage from £8.45 to £8.75 next year
Author: 0 Lidl UK to increase basic wage from £8.45 to £8.75 next year

In the North West 266 employers have committed to paying staff more as the rate rises. 'These new rates would make a big difference to Britain's lowest-paid, and they would help families keep their heads above water'. More than 150,000 workers will see their "real living wage" increase by 45p to £10.20 an hour in London, and by 30p to £8.75 in the rest of the country.

Markets Tesla delays Model 3 volume production amid biggest-ever quarterly loss
Author: 0 Tesla delays Model 3 volume production amid biggest-ever quarterly loss

Big Picture: Tesla stock is falling as production of the Model 3 has been slow. Tesla said the main constraint it now faced was within its battery module assembly line, where the company had to redesign part of the production process. Tesla said net orders for those vehicles hit a record level in the third quarter, setting the stage for record deliveries in the fourth quarter. Tesla's continued need for cash is exacerbated by Musk's insistence on vertical integration, such as making its ...

Markets Winx wins Cox Plate for third straight year
Author: 0 Winx wins Cox Plate for third straight year

She took her earnings past $15.5 million Australian (about $11.9 million), which is more than three-time Melbourne Cup victor Makybe Diva's Australian prize-money record of $14.5 million Australian. "She finds a way to win like all champions do". Winx , who may compete at England's Royal Ascot meeting next June, is also expected to pass American dirt runner Arrogate as the overall top-rated horse in the world when the next set of World Thoroughbred Rankings compiled by the France-based ...

Markets Senate Repeals CFPB Arbitration, Delivers Victory for Industry
Author: 0 Senate Repeals CFPB Arbitration, Delivers Victory for Industry

The Financial industry had lobbied Congress to repeal the rule. Following the vote, Noreika praised the Senate's decision as a "victory for consumers and small banks across the country". Elizabeth Warren defended the rule this week. Cordray and consumer advocates counter that the risk of paying out hundreds of millions of dollars in legal damages will incentivize banks to change their bad behavior.

Markets The pollution cause in 1 death in 6 in 2015
Author: 0 The pollution cause in 1 death in 6 in 2015

The study , the first to put together data on disease and death caused by all forms of pollution combined, said 16 per cent of all deaths worldwide were attributable to the environmental pollution . Other countries like Bangladesh, Pakistan, North Korea , South Sudan and Haiti have seen almost one in every fifth premature deaths caused by pollution.

Markets Global renewable power to grow by 43% by 2022
Author: 0 Global renewable power to grow by 43% by 2022

The agency added that it expects more than 920GW of clean power to be installed by 2022, an increase of 43%. Newly appointed Power and New and Renewable Energy minister Raj Kumar Singh announced last month that he has instructed that 20,000MW each of wind and solar power contracts be auctioned by December.

Markets Marilyn Manson Cancels Nine Shows Following Stage Collapse
Author: 0 Marilyn Manson Cancels Nine Shows Following Stage Collapse

He was eventually wheeled off stage on a stretcher and the rest of the show was canceled. It seems like the shows from October 2 through October 14 are going to be rescheduled at a later date. His publicist, Carrie Tolles, said Manson's injury occurred toward the end of his show and that he was being treated at a hospital. His official website lists his gig at Freaker's Ball at Grand Prairie, Texas on October 15.

Markets Volkswagen slapped with new $3bn penalty over diesel emissions scandal
Author: 0 Volkswagen slapped with new $3bn penalty over diesel emissions scandal

Under the agreement, the company either has to buy back the affected cars or modify them to bring them into compliance with United States environmental laws. "Four months later the US Justice Department said it had charged a former Audi manager with directing employees at the company to design software to cheat US emissions tests in thousands of Audi diesel cars".

Markets Roku Rises in Nasdaq Debut
Author: 0 Roku Rises in Nasdaq Debut

It generated revenue of $199.7 million in the first six months of 2017, up 23% from $162.3 million in the same six months of 2016. Some investors point to cautionary tales like Blue Apron, Snap Inc. Roku has also seen increasing competition from companies like Apple , Google and Amazon , which all sell their own streaming TV devices. "We are in a golden age of TV", the prospectus said.

Markets 5 takeaways on the GOP's tax reform plan
Author: 0 5 takeaways on the GOP's tax reform plan

President Donald Trump will give an address in IN to promote the plan to the American people. "It gives a massive tax cut to the wealthiest American households at the expense of the middle class". House Republicans planned to hold a retreat Wednesday at Fort McNair, Maryland, a few miles from the White House, to discuss the proposal. At one point, Trump said that getting the corporate rate down was the key to getting the economy to grow.

Markets Target will raise minimum hourly wage to $11 to counter Wal-Mart
Author: 0 Target will raise minimum hourly wage to $11 to counter Wal-Mart

The increase will apply to the 100,000 seasonal employees it's hiring for the holidays, but the company declined to say how many of its 323,000 regular employees would see a lift. A number of cities have also adopted aggressive minimum wage ordinances as the union backed "Fight For 15" has gained momentum. The minimum wage increase is not expected to impact Target's third-quarter and full-year financial results.

Markets Myanmar says security forces told to avoid collateral damage in Rakhine
Author: 0 Myanmar says security forces told to avoid collateral damage in Rakhine

General Assembly Wednesday. The United Nations has warned that ethnic cleansing of the Rohingya Muslim minority and possible crimes against humanity may be taking place in the country. Stranded after their villages burned to the ground, many Rohingya Muslims left inside Rakhine are in especially desperate need of aid. At a meeting of Islamic nations on the sidelines of the UN assembly, Hasina said Yangon was spearheading a state-sponsored propaganda campaign to call the Rohingya ...

Markets BoE Governor Says Brexit is Inflationary
Author: 0 BoE Governor Says Brexit is Inflationary

Central banks in major economies have begun or are considering monetary tightening. The BoE governor also said there are global factors that could justify United Kingdom policy tightening soon. Sterling jumped by nearly a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift interest rates from their record lows.

Markets Crude Oil Approaches $50 As Rally Continues
Author: 0 Crude Oil Approaches $50 As Rally Continues

Global benchmark Brent crude futures, the benchmark for oil prices outside the USA, fell 0.13% to $55.09 a barrel. Oil prices continued to climb Thursday, rising for a fourth straight day on shrinking global inventories and a bullish forecast for demand.

Markets Electric cars: China to ban petrol and diesel
Author: 0 Electric cars: China to ban petrol and diesel

Countries like France and the United Kingdom have already announced a ban on the sales of fuel-burning cars at some point in the future, the furthest away being 2040. GM, Volkswagen, Ford , Daimler and many other automakers also have plans to beef up NEVs production. Norway: The government's transportation plan outlines a clear target: All new passenger cars and vans sold in 2025 should be zero-emission vehicles.

Markets US House passes self-driving cars bill
Author: 0 US House passes self-driving cars bill

Meanwhile, Transportation Secretary Elaine Chao is scheduled to release revised self-driving guidelines during a speech next Tuesday in Ann Arbor, Mich. And, states could still set rules on registration, licensing, liability, insurance and safety inspectors. When enacted, the law will enable auto-makers and tech companies to test 25,000 vehicles in the first year and increase the number to 100,000 experimental self-driving vehicles in three years of time.

Markets Two new hurricanes form in the Atlantic
Author: 0 Two new hurricanes form in the Atlantic

Jose is about 1,000 miles east of the Lesser Antilles, a group of islands in the Caribbean, according to the National Hurricane Center . The US National Hurricane Center says Tropical Storm Jose is gaining strength in the central tropical Atlantic.

Markets Hewlett Packard Enterprise's (HPE) Buy Rating Reaffirmed at Jefferies Group LLC
Author: 0 Hewlett Packard Enterprise's (HPE) Buy Rating Reaffirmed at Jefferies Group LLC

The technology business posted $0.30 EPS (EPS) for the period, exceeding Zacks' average forecast of $0.26 by $0.04. Analysts on an average were expecting a profit of 40 cents a share, according to Thomson Reuters. The firm has "Buy" rating by Argus Research given on Thursday, December 3. The shares price go down so far this year; showing a decline of -17.45% and dropped with negative flow of -20.28% during recent week.

Markets Fed Vice Chair Fischer Stepping Down, Citing 'Personal Reasons'
Author: 0 Fed Vice Chair Fischer Stepping Down, Citing 'Personal Reasons'

In his resignation letter, Fischer said it has been a "great privilege to serve on the Federal Reserve Board, and, most especially, to work alongside Chair Yellen". Fischer - but the Senate has yet to vote. The resignation of Stanley Fischer, 73, creates another vacancy on the council that oversees the USA central bank.

Markets Man arrested, homes burn in Ponderosa Fire
Author: 0 Man arrested, homes burn in Ponderosa Fire

Bureau of Land Management spokesman John Gaffney told the Reno Gazette-Journal on Friday that the fire had burned 83 square miles and was spreading in all directions, fueled by volatile cheat grass. Ten homes have been destroyed and 500 more are threatened near the Northern California town of Oroville. The SuperTanker is battling the Ponderosa Fire , 10 miles east of Lake Oroville in California.

Markets US Economy Added 156000 Jobs, Unemployment Remains Near 16-Year Low
Author: 0 US Economy Added 156000 Jobs, Unemployment Remains Near 16-Year Low

Across the economy, there was a net gain of 156,000 jobs, which was tens of thousands less than the prior month. The annual increase in average hourly earnings was 2.5% for a fifth straight month. Employment growth has always been expected to slow, though, as slack in labour markets is absorbed. Pay usually rise 3% to 4% a year at this stage of an economic recovery, but a slew of factors including global competition and the retirement of higher-paid baby boomers may be holding wages back.

Markets QuikTrip to release pumpkin pie, pumpkin spice flavored items soon
Author: 0 QuikTrip to release pumpkin pie, pumpkin spice flavored items soon

After teasing fans for days, Starbucks has begun pouring its extraordinarily popular drink, but not everywhere. If you're ready to get your hands on a Pumpkin Spice Latte aka PSL, get excited, they're here! As Instagram and Facebook posts pointed out, several people have already walked into their local Starbucks and successfully ordered the drink - even though it hasn't officially been announced , and it shouldn't, technically, be on the menu just yet.

Markets Colonial says fuel lines east of Lake Charles, La., operational
Author: 0 Colonial says fuel lines east of Lake Charles, La., operational

That amounts to nearly 24 percent of all USA capacity. As refineries along the Gulf Coast turned off the lights, Colonial, which carries fuel from Gulf Coast refineries to the East Coast, indicated that portions of its two main Lines 1 and 2 west of Lake Charles , Louisiana , would be offline and operating at reduced rates east of Lake Charles.

Markets Alexa and Cortana to join forces
Author: 0 Alexa and Cortana to join forces

While the move is geared toward consumers, it also has deep ties in the enterprise and could set the stage for future deals. Amazon and Microsoft seem to be forging a closer partnership to see off the threat from Google Assistant, which has recently tied up with United States retailer Walmart, and the two assistants seem to complement each other.

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