Money

Auto sales sputtering for 7th straight month

Auto sales sputtering for 7th straight month Ford Motor Co . was down about 2.5%, while General Motors Co. fell by 3.5%. Although sales remain at respectable levels historically, US automakers set full-year records in 2015 and 2016 - but automakers are not selling their popular crossover, sport-utility, and pickup truck models at a level to offset customers' abandonment of sedans and other traditional cars. [Full Article...]

Australia airport securitys stay heighted over terror plot

Australia airport securitys stay heighted over terror plot Police said they found "a number of items of great interest" during the raids, but remained tight lipped on further details related to seized materials. The increased security measures also were extended to all major worldwide and domestic terminals around Australia overnight. "The threat of terrorism is very real". [Full Article...]

If Foxconn builds it, will workers come? Wis. bets yes

If Foxconn builds it, will workers come? Wis. bets yes The state would be paying for 30% of Foxconn's total investment in the plant, and this wouldn't be the end of it. Trump's plans for health care and tax cuts face a murky future in Congress, while his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign. [Full Article...]

Iranians: US Navy ship fired warning flares in Persian Gulf

Iranians: US Navy ship fired warning flares in Persian Gulf The American aircraft carrier and its accompanying warship left the area afterwards, it added. An Iranian vessel steers close to the U.S. Navy coastal patrol craft USS Thunderbolt (R) in the Gulf in a still image from video provided by the U.S. [Full Article...]

Tesla delivers first 30 Model 3 sedans at unveiling ceremony

Tesla delivers first 30 Model 3 sedans at unveiling ceremony The firm received 115,000 orders in only 24 hours yesterday before the vehicle was unveiled, Musk said , speaking at a launch event at Tesla's California design studio. Should you bother with the Model 3? "We're going to do everything possible to get you your cars as fast as possible". The Model 3 in particular shattered all the prejudices over electric vehicles and went on to become ... [Full Article...]

United States economy grows at 2.6% in second quarter

United States economy grows at 2.6% in second quarter Gross domestic product, a broad measure of goods and services produced in the USA, rose at a 2.6% annual rate in the April to June period, the Commerce Department said Friday. The faster pace of expansion was driven by 2.8 per cent annual growth in consumer spending, up from a 1.1 per cent rate of growth in the first quarter. [Full Article...]

US FDA aims to cut nicotine in cigarettes, ease e-cigarette rules

US FDA aims to cut nicotine in cigarettes, ease e-cigarette rules The agency added that the toll also has a monetary cost, with "direct health care and lost productivity costs totaling almost $300 billion a year". Kenneth Warner, a retired University of MI public health professor who is a leading authority on smoking and health, said he was pleasantly surprised to learn of the FDA announcement . [Full Article...]

Twitter user growth stalls and revenues dip

Twitter user growth stalls and revenues dip The company earned $0.08 per share in the quarter on revenue of $573.9 million; Wall Street analysts expected the company to earn $0.05 per share on revenue of $536.6 million. Also: Twitter guided for Q3 adjusted EBITDA of $130 million to $150 million, below a $146 million consensus at the midpoint. Twitter is facing competition not only from Facebook , but also messaging app Snapchat... [Full Article...]

Ing Groep Nv Continues to Hold Holding in Coca Cola Co (KO)

Ing Groep Nv Continues to Hold Holding in Coca Cola Co (KO) The stock has a market capitalization of $193.29 billion, a PE ratio of 31.84 and a beta of 0.69. After a recent look, shares have been seen 5.81% from the 200-day moving average, and 0.54% from the 50-day moving average. In other news, insider J Alexander Douglas, Jr. sold 22,000 shares of the firm's stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $45.... [Full Article...]

UK GDP slowdown takes hold in second quarter

UK GDP slowdown takes hold in second quarter The retail trade, as well as film production and distribution were the largest contributors to service growth said the ONS, with the largest downward pressures coming from construction and manufacturing. Commenting on the figures, Darren Morgan, head of national accounts at the Office for National Statistics, said: "The economy has experienced a notable slowdown in the first half of this year". [Full Article...]

Sensex ends 216 points higher, Nifty settles at 9966

Sensex ends 216 points higher, Nifty settles at 9966 At 12.50 p.m., the wider Nifty of the National Stock Exchange ( NSE ) traded 52.60 points, or 0.53 per cent higher at 9,967.85 points. Sensex opened at 0.17 per cent higher than closing points on Friday. Gains in the markets were led by Reliance Industries and Wipro , which added almost 1.2 per cent and 2 per cent respectively. Hong Kong's Hang Seng index settled at 26846.83, while Japan'... [Full Article...]

Anthony Scaramucci vows to stop 'un-American' leaks

Anthony Scaramucci vows to stop 'un-American' leaks And so, when he makes that decision, I will 100 percent side with him, because I'm his communications director , and I'm his advocate on a show like this. 'We don't, we don't need Kleenex, we don't need any Kleenex, ' Tapper shot back. "America has always accomplished far more acting as courageous frontiersmen than weak reactionaries". [Full Article...]

Alexa is Coming to the Amazon Android App (This Week)

Alexa is Coming to the Amazon Android App (This Week) Amazon did not immediately respond to PCMag's request for comment, but confirmed to TechCrunch that the feature is rolling out now. That may not be a user's primary demand inside of a shopping app, but this is likely just a way for Amazon to display Alexa's capabilities and engage customers to use it more. [Full Article...]

Congressional Democrats want scrutiny of Amazon-Whole Foods deal

Congressional Democrats want scrutiny of Amazon-Whole Foods deal A source close to the probe says that while the FTC is looking into the Consumer Watchdog claims, it's not yet known whether or not a formal investigation will come of it. However, Consumer Watchdog said the site hadn't charged more than $14.99 for the lightbulbs in the previous 90 days. But if Amazon is successful in its plans to buy Whole Foods for $13.7 billion and continue growing into... [Full Article...]

2 banks burnt as Policeman kills truck driver

2 banks burnt as Policeman kills truck driver In a statement made available to BusinessDay, Chioma Afe, head, corporate communications, Diamond Bank, said the bank was set ablaze by an angry mob after a policeman allegedly shot dead a trailer driver outside the bank premises. The tanker drivers who were angry chased the officer into the bank where he was been protected by security guards. Speaking to the Nigerian Tribune exclusively at th... [Full Article...]

Claudia Winkleman, Chris Evans, Gary Lineker - the broadcaster's highest earners revealed

Claudia Winkleman, Chris Evans, Gary Lineker - the broadcaster's highest earners revealed The BBC has published what it pays senior managers for several years but has always resisted calls to declare the salaries of on-screen "talent", saying it would have an inflationary effect in a competitive market. Elsewhere, it was confirmed that Auntie seems to like to reward its actors for longevity as Adam Woodyatt, Albert Square's Ian Beale, also earned £200,000 to £249,000. [Full Article...]

Discovery back in merger talks with Scripps

Discovery back in merger talks with Scripps US-based Scripps owns TV brands including HGTV , Food Channel, Travel Channel , DIY Network, Cooking Channel, as well as Poland's TVN. According to Zacks, "Shares of Scripps Networks have underperformed the Zacks-categorized Broadcasting-Radio TV industry over the past one year". [Full Article...]

Audi Pulls Offensive Car Ad in China

Audi Pulls Offensive Car Ad in China In the advert, a mother-in-law can be seen interrupting a wedding ceremony to inspect the bride, checking whether she Is up to standard for her son. The groom's mother runs up and begins inspecting the bride by pulling her nose, looking behind her ears, and inspecting her teeth. [Full Article...]

Atypical bovine spongiform encephalopathy discovered in Alabama Cow

Atypical bovine spongiform encephalopathy discovered in Alabama Cow It happened after the cow showed clinical signs at an Alabama livestock market and that veterinary officials are gathering more information on the case, said the USDA. This categorization is a direct result of the fact that an atypical case occurs spontaneously in all cattle populations at a very low rate. "The United States has a longstanding system of interlocking safeguards against BSE that... [Full Article...]

How Many BHP Billiton Limited (ADR) (NYSE:BHP)'s Analysts Are Bearish?

How Many BHP Billiton Limited (ADR) (NYSE:BHP)'s Analysts Are Bearish? Scout Investments Inc. now owns 1,153,905 shares of the mining company's stock worth $29,886,000 after buying an additional 750,402 shares in the last quarter. Finally, Argus cut their target price on BHP Billiton Limited from $46.00 to $34.00 and set a "buy" rating for the company in a research report on Tuesday, June 27th. [Full Article...]


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