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Economy

It is expected that the company may report lower-than-expected results in its first quarter report expected to be announced on Wednesday. Tesla stock was little changed after the earnings announcement but fell during a conference call with analysts, when Musk began cutting analysts' questions short, costing Tesla over $2 billion in market capitalisation.
  • Ford to end production of all cars save Mustang, Focus

    Ford to end production of all cars save Mustang, Focus

    Economy

    Buried underneath various statistics is a rather blunt statement that the company will "not invest in next generations of traditional Ford sedans for North America ". Europe was the only other region to turn a profit for Ford. Shanks said the Lincoln brand still is losing money in China, where it launched in 2015, but now plans to begin local production there in 2020.
  • Comcast Formalizes Its Offer For Sky

    Comcast Formalizes Its Offer For Sky

    Economy

    After Comcast lodged its offer, Fox, which already owns 39% of Sky, said it is committed to its bid and it is weighing its options. Following the formal bid from Comcast , independent directors at Sky said they were withdrawing their recommendation that shareholders accept the competing offer from Fox.
  • WhatsApp Raises Minimum Age To 16

    WhatsApp Raises Minimum Age To 16

    Economy

    The biggest change is that WhatsApp users , who previously had to be 13 years old, can no longer use the messaging platform. The laws will govern how a company can collect data from you, ensure that any data it stores is securely protected, and will give you the right to access that data at any point.
  • Treasury will mull easing sanctions on Russian aluminum producer

    Treasury will mull easing sanctions on Russian aluminum producer

    Economy

    France, Germany, Italy and Ireland are part of the coordinated European effort to alleviate the impact the new US sanctions could have on their own companies, a second French official said . Rusal declined to comment. Rusal , the world's second-largest aluminum producer. Palladium plunged by as much as 5.4% and nickel as much 6.7%.
  • Two liquidation companies win auction for Bon-Ton Stores

    Two liquidation companies win auction for Bon-Ton Stores

    Economy

    The company stated that it will reveal further details about the liquidation plans and going out of business at its stores, once the Bankruptcy Court approves the winning bid. The sales will run for 10-12 weeks in stores and online. The company, which also operates stores under the names Carson's, Herberger's, Bergner's and Boston Store, filed for Chapter 11 bankruptcy in February.
  • Cal/OSHA Reportedly Investigating Tesla Over Factory Safety

    Cal/OSHA Reportedly Investigating Tesla Over Factory Safety

    Economy

    California's Division of Occupational Safety and Health has officially opened an investigation into the company in light of a recent report about working conditions at its auto factory in Fremont. This means Tesla will have to hire more human workers to fix production inefficiencies, making the current probe all the more pressing for the company.
  • Oil Prices Could Rise to $100

    Oil Prices Could Rise to $100

    Economy

    Yields on USA two-year Treasuries stood at levels last visited in 2008 at 2.43 per cent and 10-year German yields went above 0.55 per cent for the first time in nearly a month. Further supporting oil prices is an expectation that the United States will re-introduce sanctions against Iran , OPEC's third-largest producer, which could result in further supply reductions from the Middle East.
  • Amazon app now available for worldwide shopping

    Amazon app now available for worldwide shopping

    Economy

    They can further customize their experience by setting their preferred language and currency. "The International Shopping experience solves this customer need and makes it simple to browse, shop and ship more than 45 million products to over a hundred countries around the world".
  • How Analysts Feel About Apple Inc (NASDAQ:AAPL) After Decrease in Sellers?

    Economy

    The price index of Apple Inc . The stock decreased 0.07% or $0.06 during the last trading session, reaching $90.04. Bredin Investment LLC acquired a new position in shares of Apple (NASDAQ: AAPL ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
  • Recommendation Trends to See: Turtle Beach Corporation (HEAR), Amazon.com, Inc

    Recommendation Trends to See: Turtle Beach Corporation (HEAR), Amazon.com, Inc

    Economy

    The organization posted $2.16 earnings per share (EPS) for the three-month period, missing the Thomson Reuters' analyst consensus estimate of $1.85 by $0.31- amounting to a surprise factor of 16.87%. Since December 7, 2017, it had 0 insider buys, and 13 sales for $45.88 million activity. 1,883 shares were sold by MANN JENNIFER K, worth $84,735. (NASDAQ: AMZN ).
  • Haley: Chemical attack could happen in USA 'if we're not smart'

    Haley: Chemical attack could happen in USA 'if we're not smart'

    Economy

    The move was to retaliate for the alleged use of chemical weapons by Syrian troops early the month in an attack on the rebel-held town of Douma near the Syrian capital Damascus. On Saturday, the United States, France and Britain launched 105 missiles targeting what the Pentagon said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7.
  • Facebook must face class action over face-tagging in photos: judge

    Facebook must face class action over face-tagging in photos: judge

    Economy

    In yet another potentially damaging revelation for the online data giant, a former director at Cambridge Analytica , Brittney Kaiser submitted in her evidence to the UK Government's inquiry into the data mining scandal that likely far more than 87 million users' accounts and their data have been compromised.
  • E.coli outbreak linked to romaine lettuce, CDC says

    E.coli outbreak linked to romaine lettuce, CDC says

    Economy

    Last year, an outbreak of 17 E. coli infections were reported in 13 states across the United States, all of which occurred from November 15, 2017 through December 8, 2017. Cara Christ, director of the Arizona Department of Health Services. While no deaths related to the outbreak have been reported, symptoms of E. coli can present as diarrhea, severe stomach cramps and vomiting.
  • Scientists accidentally engineer a plastic-eating enzyme

    Scientists accidentally engineer a plastic-eating enzyme

    Economy

    So they mutated the PETase active site to make it more like cutinase , and unexpectedly found that this mutant enzyme was even better than the natural PETase at breaking down PET . "And now that we've shown this, it's time to apply the tools of protein engineering and evolution to continue to improve it". Plastic takes centuries to biodegrade without human intervention, but the new enzyme is capable of accelerating the process to just a few days.
  • Jets take playoff opener in tight game with Wild

    Jets take playoff opener in tight game with Wild

    Economy

    Former Capitals center Mathieu Perreault was knocked out of the Winnipeg Jets' playoff opener against the Minnesota Wild , Wednesday night. "The first game was wonderful". Not too shabby. "Just another day at the office", Byfuglien said. "When you turn the pucks over in the middle of the ice". It doesn't happen very often.