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RBI keeps repo rate unchanged: Key things to know

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Tyson Foods now recalling 11.8 million pounds of chicken strips

The products under recall were produced on various dates between October 1, 2018 and March 8 of this year. The items bear establishment number "P-7221" on the b...

Microsoft Launches Enterprise Tools for AI, Blockchain, and IoT

The service began to recover around 2:30pm, although Microsoft had yet to sound the all-clear as of this writing and warned that it could take some time to ...

Federal Reserve holds key USA interest rate steady

Siegel says that Moore would "help solve the Federal Reserve's groupthink problem". The Fed chief, however, did not rule out the probability of rate cuts if...

AWS Introduces Amazon Managed Blockchain Service

Support for the ethereum network is still in the works and is expected to be made available later this year, AWS said. The service now comes with support fo...

BoE's Broadbent undecided on whether to apply to succeed Carney

The growth predictions for 2020 and 2021 also went up, though that was due more to looser global financial conditions and the lower yield curve in the U.K. Last...

Facebook's cryptocurrency-based payments system could be huge

The blockchain division for Facebook was established in May 2018 and its aim is to explore the technology and since then, the firm has been growing its blockcha...

Sinclair Poised To Buy Fox Sports Ohio, 20 Other Fox Regional Networks

The deal comes after Tribune Media Company (TRCO) canceled the sale of 42 TV stations in 33 markets to Sinclair past year. When Disney closes on the sale of m...

Unemployment Rate for Women Falls to Lowest Since 1953

The Bureau of Labor Statistics reported, "Among the major worker groups, the unemployment rates declined in April for adult men (3.4 percent), adult women (3.1 ...

Family of California man killed in Tesla crash sue automaker | AP business

Huang's family members told reporters that he'd mention how his vehicle would swerve toward the barrier while on Autopilot, and a year ago his brother said Huan...

Berkshire Hathaway is Buying up Amazon Shares, Before Its Annual Stockholders Meeting

The Amazon purchase adds an additional bond between Buffett and Bezos, whose companies teamed up a year ago with JPMorgan Chase & Co to form a new venture, Ha...

Beto O'Rourke's 5 Trillion Dollar Climate Initiative

Today, he will participate in a walking tour of Yosemite National Park before visiting Modesto Junior College for a tour and climate change roundtable with loca...

Activision Blizzard quarterly revenues take a dip

GAAP revenues were $1.83 billion for the quarter, down from $1.97 billion for the same quarter a year ago. Cloud gaming is poised to potentially be the Next B...

Beyond Meat doubles in market debut after US$241-million IPO

Like fellow "veggie burger" maker Impossible Foods, Beyond Meat uses sophisticated technologies to replicate as closely as possible the taste, color, smell an...

Goodbye Souq.com, hello Amazon.ae

Two years after its acquisition of Dubai-based e-commerce company Souq .com, Amazon has launched a new Middle East marketplace as it makes a play to have a...

Wynn Resorts fined $35M for misconduct allegations response

The list $35.5 million in fines MA enforced on Wynn Resorts and its own CEO signify the numerous offenses uncovered but are also meant to serve as a deterrent...

The Smart Car Is Officially Dead in the U.S.

A paltry 1276 Smart vehicles were sold in the USA throughout all of 2018. The Smart Fortwo was originally launched in Europe in 1998, and started out as...

Elizabeth Warren blasts Chase for tweet about customers not having money

On Monday, Chase attempted to motivate its users on Twitter with a message aimed at those customers carrying low balances on their accounts. The bank acco...

Steve Moore ‘bummed out’ over Fed board withdrawal

Trump has repeatedly ignored norms created to protect the Fed's independence from political influence, which could undermine its credibility, and his nomination...

Qualcomm expects to pocket £3.6bn from settlement with Apple

The settlement, which includes a six-year patent license and a chip supply agreement, is expected to generate $2 per share in additional earnings, Qualcomm has ...

Twitter Roasts Chase Bank For #MondayMotivation Tweet

Elizabeth Warren hit back at JP Morgan Chase Bank on Monday after the financial giant tried to give its customers some "#MondayMotivation " for saving money....

Tesla to issue more than $2 billion in debt to fund expansion

And the company has plenty of uses for extra cash, with several new vehicles-including the Model Y SUV, Tesla Semi, and the new Tesla Roadster-slated to begin p...

Wall Street stumbles after record run as Alphabet slides

Net income stood at $6.66 billion, or $9.50 a share, compared to a year ago net income of $9.4 billion, or $13.33 a share. However, Alphabet earned $11.50...

China's April manufacturing index misses forecasts, slips to 50.1

The manufacturing Purchasing Managers' Index (PMI) stood at 50.1, down from 50.5 in March, according to the National Bureau of Statistics. The unofficial Caix...

Anadarko to negotiate on Occidental’s buyout bid, "superior" to Chevron's

Occidental's latest bid for Anadarko now stands at US$76 per share of the company, beating Chevron's bid of US$65 per share by a large margin. "The Chevron Me...

Oil Prices Fall On Higher US Crude Inventories

Brent crude futures hit a session high of $73.27 per barrel and settled 76 cents, or 1.1 percent, higher at $72.80. "The Iran sanctions come on top of alrea...

Marriott expands into home rentals, taking on Airbnb

The company tested such a program in Europe, and the pilot was successful enough to serve as a model for a broader, USA -focused business, the sources said. But...

Land Rover Defender teased in revealing new picture

This requirement will, of course, include life in the city, which is why London, New York and Dubai have hosted Defenders as well. Land Rover also reveal...

Trump calls for rate cut as Fed meeting starts

There was no indication in the Fed's policy statement on Wednesday that either a rate cut or hike is in the offing anytime soon as policymakers weigh ongoing ...

Ford to support Amazon In-Car delivery

Like other automakers, Ford is transforming itself from traditional manufacturer to vehicle connectivity, mobility, and retooling in the smart vehicle industr...

Return of firebrand opposition leader Lopez energizes Venezuelan protests

He was surrounded by individuals in military uniforms and opposition politician Leopoldo Lopez . It was by far the most serious challenge yet to Maduro's rul...

Huawei networking equipment for Vodafone found to have hidden backdoors

For months, Huawei Technologies Co. has faced USA allegations that it flouted sanctions on Iran, attempted to steal trade secrets from a business partner and ...

Oil Prices Remain Under Pressure

The Trump administration last week announced it would not extend waivers of US sanctions for countries buying Iranian oil after May 2, in a bid to cut off all...

Venezuela's Guaido announces 'final phase' to oust Maduro

The thwarted uprising started in the early morning hours when renegade military and intelligence officers reportedly released Lopez from house arrest. "Since ...

Chase bank draws backlash with 'Monday Motivation' tweet

Warren mimicked Chase's format in her response, saying that the reason why the bank's customers aren't saving money is because they "lost [their] jobs/homes/sav...

Iran's economy expected to shrink, inflation could reach 40 percent — International Monetary Fund official

This was already a tough balance to strike, but it has been made almost impossible now that it's been discovered that Russian Federation has been exporting cont...