Archive | Markets

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Payless ShoeSource to close all United States stores, report says

Payless ShoeSource Inc., one of the country's most recognizable discount shoe sellers, plans to shutter all of its US stores when it files for...

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Flybmi flights CANCELLED from today as airline collapses

Before it announced it was filing for administration-a British form of bankruptcy-Flybmi operated flights to 25 European cities on 17 jets, empl...

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United Kingdom concludes using Huawei in 5G is a manageable risk, report says

The report will include recommendations on how to respond to Chinese espionage risks from Huawei to 5G networks , according to a source cit...

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Oil rises over 2 pct to 2019 highs on tightening supplies

Apart from that, followed by an armed conflict in the Saharan oil field, between an east Libyan administrator and the internationally recognized...

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All Payless ShoeSource stores to close

Liquidation sales begin on Sunday, giving customers a chance to get what is left of the company's inventory. Concerning the stores in the Unit...

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Staffers speculate Amazon ditched HQ2 deal to help Bezos' love life

We are deeply grateful to Governor Cuomo, Mayor de Blasio, and their staffs, who so enthusiastically and graciously invited us to build in New ...

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Carlos Ghosn's lead defence lawyer resigns

Ghosn, who was sent by Renault to lead a turnaround at Nissan after its near-bankruptcy in 1999, has remained in custody at the Tokyo Dete...

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Amazon to acquire mesh wi-fi networking startup eero

The announcement didn't include any details about how or if Amazon plans to integrate Eero's technology or devices into its own products. ...

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Turbulence prompts emergency landing for Seattle-bound flight

His posts included several photos and a video which revealed the extent of the mess created by the turbulence in the aircraft cabin. A sp...

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JP Morgan creates JPM Coin - a digital coin for payments

Dimon-led banking behemoth JPMorgan Chase will reportedly start issuing bitcoin-like digital currencies called " JPM Coins" to other institut...

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Amazon cancels plans for NY headquarters after fierce opposition

Amazon is abandoning plans to build a second headquarters in NY, thanks to continued local opposition from certain state legislators. It's a bi...

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GM Holding Secret Truck Talks With EV Automaker

Rivian is far from a household name at this time, but the company caught public attention after showing off its electric pickup truck at the LA ...

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Amazon to Buy Wi-Fi Device Maker Eero for Undisclosed Amount

Eero was last valued at $215 million in a Series D funding round in 2017, according to PitchBook. The acquisition fits in with Amazon's efforts ...

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Tesla has rolled out a DOG MODE

Yes, before you ask, running the air condition while parked on a hot summer day is going to drink your battery like there's no tomorrow*, so don...

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Vietnam promises to share development experience with North Korea

The report of Kim's plans comes at a time of continued North Korean condemnations of the South's military. Consistent with the annual World Th...

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New round of China-U.S. trade talks starts in Beijing

Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will meet with China's top economic czar Liu He over the next two...

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Airbus to stop producing A380 jet as orders dry up

The company, a European economic powerhouse, is also girding for serious disruption to its cross-continental manufacturing from a likely chaot...

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Xi To Meet With Mnuchin, Lighthizer in Beijing on Friday

They are under the gun to seal an accord ahead of the deadline set by Donald Trump , though the United States president said on Tuesday tha...

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OPEC squeezes oil output to 4-year low, Russia compliance low

U.S. West Texas Intermediate ( WTI ) crude futures were at $53.76 per barrel at 2338 GMT, up 10 cents, or 0.2 percent, from their last settlem...

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Lufthansa sues passenger, says he skipped a connecting flight on objective

Germany's largest airline is suing a penny-pinching passenger - in a first-of-its-kind lawsuit - because he ditched his flight at a layover cit...

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UK inflation falls to two-year low, offering households help before Brexit

Retail inflation in India eased to 2.05% in January compared to 2.11% in December, according to government data released on Tuesday. Meanwh...

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Apple’s iPhone shipments plunge in China as Huawei tightens grip

IDC said the iPhone's high price specifically "led to the decline of Apple's domestic market", while the increased strength of Huawei's ...

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Tencent stake in Reddit sparks censorship fears

Some media later suggested that the investment created "a great deal of confusion", as Reddit is now blocked in China. Other sites that are bl...

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Tesla cuts staff for North American deliveries

By combining the three cars, Tesla holds 9% of the market, which provides particular confidence in Tesla's success for the coming years. "We f...

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Oil gets a boost from Saudi output pledge, declining U.S. inventories

Like Iran, another founding member of the Organization of the Petroleum Exporting Countries, Venezuela's oil industry has been blighted by misma...

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Lottery victor collects $1.1 million sporting ‘Scream’ mask

Some lottery winners go to great lengths to remain anonymous - and one person who hit the jackpot just took that to a scary new level. "I have...

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Mnuchin, in China, looks forward to trade talks

Lighthizer, who arrived at the hotel earlier in the day, did not answer reporters' questions. US Treasury Secretary Steven Mnuchin said he was...

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Activision Blizzard, Inc. (ATVI) Will Head Toward $68

We see the stock price distance from 200 day SMA at -34.44%. Potentially hundreds of Activision Blizzard employees will see their jobs ter...

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Trudeau faces fifth ethics probe involving his cabinet

The Globe story claims that Wilson-Raybould resisted pressure to intervene with the Public Prosecution Service's decision to proceed with a tria...

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Brexit Trifecta: May Rejects Corbyn's Customs Union Offer, What's Next?

Mrs May also came under fresh pressure from her own side not to compromise, with International Trade Secretary Liam Fox saying Labour's proposal...

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