Money

USA unemployment during Covid-19 crisis reaches almost 50 MILLION

MORE NEWS THIS CATEGORIES

USA stocks end mixed amid earnings

Two weeks into an earnings season with mute investor expectations, about 77% of the 138 S&P 500 companies that have reported so far have topped earnings estimat...

Inflation problem not going away, so rate lower for longer: RBA

Treasurer Josh Frydenberg is expected to scrutinize the monetary policy agreement which has been set by the independent central bank and the government that is ...

Tesla shares sink as Elon Musk changes tune on profit

Tesla Inc ( NASDAQ:TSLA ) shares reversed on Thursday after the electric carmaker's second quarter numbers, released after-hours on Wednesday, missed forecas...

Elon Musk's main worry about the record-setting Tesla Model 3

Tesla said that because of its growth and operational improvements, it generated $614 million of free cash flow (operating cash flow less capital expenditures)...

Ford F-150: all-electric pick-up tows 1 million pounds

With the rail cars loaded, the F-150 was towing 1.25 million pounds, Zhang said. Tesla CEO Elon Musk had previously teased an electric pickup truck prototy...

Trump, in phone call, congratulates Johnson on becoming British PM

Johnson on Thursday told British lawmakers he has urged the European Union to "rethink" its opposition to renegotiating a deal worked out with his predecesso...

Gold, silver resume upward journey; global factors support rally

US gold futures settled 0.1% higher at $1,423.60. Gold price was quoted higher at $1,425.40 an ounce in NY, while silver was trading at $16.58 per ounce. ...

Kim Jong Un oversees test-firing of two ballistic missiles

It made clear, however, that North Korea is infuriated over Seoul's purchase of US-made high-tech fighter jets and US-South Korean plans to hold military dr...

MAX grounding dampens American Airlines' strong Q2 result

However, it said overall capacity will now decrease between 1 percent and 2 percent in 2019 due to the Max groundings, compared with its earlier forecast of alm...

Missing Trump's 3% goal, United States economy grew more slowly in 2018

The second-quarter investment decline (after zero growth during the 1st quarter) stems largely from uncertainties about global supply chains due to the trade wa...

Trump vows to retaliate against French digital tax

Earlier on Friday, President Trump warned U.S. tech big Apple that it wouldn't be given any tariff reduction on facets made in China. He made the remarks afte...

Apple Stock Hiccups After Trump Thunders Ominous Warning

The reaction probably would have been different had Trump made it clear that the tariffs will be applied to Apple's top-selling product, the iPhone , which h...

Amazon big spending dents profit, trims forecast

Revenue for the period was $63.4 billion - at the high end of management's guidance for revenue during the period to be between $59.5 billion and $63.5 billion....

Facebook to pay record $5 billion fine over privacy violations

Simons said. He added that the new restrictions are designed "to change Facebook's entire privacy culture to decrease the likelihood of continued violations"....

Nissan axes 12,500 jobs as profits collapse

For the fiscal year that ended in March, annual profit dropped to less than half of what Nissan earned in the previous year, at 319.1 billion yen, the worst s...

Dunkin’ is launching a breakfast sandwich with Beyond Meat sausage

For example, the new Dunkin' sandwich is served with American cheese and eggs and therefore is not a vegan product unless modified. The chain announced today ...

Cryptocurrency Investors Are Offered to Buy Libra Cryptocurrency Without Facebook Knowing

Facebook has removed the ads and pages after the Washington Post contacted them prior to publishing their article on the problem about libra scams. "And F...

United States 'may have brought down' second Iranian drone in Strait of Hormuz

A new US anti-drone system is believed to have been used aboard the USS Boxer as the ship moved between the Persian Gulf and the Gulf of Oman. A large British...

Sales to emerging markets a bright spot for Harley Davidson

Shipments in the US were in line with expectations at 41K (-8.0% Y/Y), but global shipment trailed consensus at 27K (-8.9%). Year-ago GAAP diluted EPS was $1.45...

Big Tech faces broad U.S. Justice Department antitrust probe

On the other side of the aisle, President Donald Trump has taken swipes at major tech firms, including Google and Amazon. 'The Department's antitrust divisi...

Boeing Burns $1 Billion in Cash as Max Grounding Costs Mount

The aerospace giant attributed the loss directly to the 737 MAX charge, which accounted for a $5.6 billion reduction in revenue and reduced EPS by $8.74. "In ...

Huawei unit cuts more than 600 jobs following USA sanctions

Futurewei Technologies - which accounts for more than half of the 1,500 employees Huawei employs in the United States - had filed more than 2,100 patents in t...

Coca-Cola meets Q2 revenue expectations, ups 2019 forecast

Coca-Cola has been trying to get customers excited about Coke with new flavors and products . Despite declining soda consumption in the U.S., Coca-Cola ...

All-Electric F-150 Prototype: Tows 1M+ Pounds | F-150 | Ford

The prototype then towed the rail cars but this time 42 2019 F-150s were added, pushing the weight up to more than one million pounds. This convoy weighs 1 mi...

Small business that sells portion-measuring plates say its overwhelmed by orders

Macy's told The Washington Post: 'We apologize to our customers for missing the mark on this product. One user responded: "All these people trying to de...

Audi SQ7 TDI unveiled

The V8 diesel motor produces a mammoth 435PS and 900Nm of torque . With so much grunt on tap, the SQ7 TDI accelerates effortlessly from 0-62 miles per hour...

Iran to meet with nuclear deal parties amid tanker crisis

Iran apparently seized the Stena Impero in retaliation for the detention of one of its own tankers by British forces off Gibraltar , but it followed months of...

Debut of China's Nasdaq-style board adds $44bn in market cap

Anji shares ended the day up 400.2 per cent from their IPO price, the day's biggest gain, giving the company a valuation of almost 242 times 2018 earnings. Beij...

Azure becomes Microsoft's biggest business - Finance - Cloud

Chief Executive Satya Nadella said the results closed out a record fiscal year for the tech giant, which has the largest market value of any company at more t...

Celebrating National Ice Cream Day with Enstrom's

The Cake Girl plans to celebrate the national "holiday" with buy-one-get-one ice cream specials. Check out rankings of the best flavors of Ben & Jerry's Ic...

Volvo issues vehicle recall over fire risk

A spokesman for the Swedish company told the PA news agency it has received reports of "a very small number" of cars catching fire, but no-one has been injured....

Asia stocks dip on likely smaller Fed rate cut, oil gains

Bets that the Fed will only reduce rates by 25 points provided support to the dollar against most high-yielding, riskier currencies. On Thursday, comments b...

Equifax To Pay Up To $700 Million In Data Breach Settlement

Equifax is about to reach an agreement with the US Federal Trade Commission, the Consumer Financial Protection Bureau and most state attorneys general, Sputnik ...

Equifax to pay $700 million in breach settlement

Equifax did not immediately respond to CNN Business' request for comment. The scandal led to the resignation of the company CEO and to a Congressional heari...

Tesla’s Newest V3 Supercharger Can Charge 1,500 Vehicles A Day

The new V3 Supercharger is the successor to the V2 supercharger launched some time ago. If that's not impressive enough, the station uses Tesla's solar ...