Money

Millions of cars recalled due to faulty cruise control

Millions of cars recalled due to faulty cruise control The likelihood of this happening is clearly minimal, but all of those involved in examining the issue, including the National Highway Traffic Safety Administration (NHTSA), are recommending that owners of affected vehicles not use the cruise control function until the software can be updated. [Full Article...]

Centre working on long-term solution to fuel prices: Pradhan

Centre working on long-term solution to fuel prices: Pradhan The centre may also give some relief in excise duty rates to give immediate relief to consumers. Additionally, states too would be asked to cut sales tax or VAT to show a visible impact on retail prices. He is telling this to suppress the central government's inability to deal with the situation. Levying of taxes on the consumers for more than the value of the product itself is not, at all justifi... [Full Article...]

OPEC and Allies Have Cleared Oil Surplus

OPEC and Allies Have Cleared Oil Surplus The Organization of Petroleum Exporting Countries (OPEC) may decide at its meeting in June to increase oil output to make up for reduced supply from Iran and Venezuela and in response to concerns from Washington over a rally in oil prices, OPEC and oil industry sources told Reuters . [Full Article...]

Musk slams fake news media, muses about app to rate reporters

Musk slams fake news media, muses about app to rate reporters It was also the name of a Communist Party newspaper in the Soviet Union. As many sites draw their attention to tackling fake news and questioning the credibility of "journalists", Tesla's Elon Musk might have the answer. "You lost your credibility a long time ago", Musk responded in a tweet. Musk is also the CEO of The Boring Company, which digs tunnels for future underground transportat... [Full Article...]

Trump Tells Naval Academy Graduates: 'We're Respected Again'

Trump Tells Naval Academy Graduates: 'We're Respected Again' There were 1,042 graduates this year. "Together you are the tip of the spear, the edge of the blade and the front of the shield defending and protecting our great country", Trump said. "We are not going to apologize for America, we are going to stand up for America". We are going to stand up for our values. "And when did we need it more than now?" His speech came a day after he kicked up fears... [Full Article...]

Pompeo threatens Iran with the 'strongest sanctions in history'

Pompeo threatens Iran with the 'strongest sanctions in history' He said the new policy sought to strangle Iran's "economic capacity to do harm to the Middle East and to the world". " Iran will never again have carte blanche to dominate the Middle East", he said in outlining the new USA strategy on handling the Islamic regime, including 12 tough conditions from Washington for any "new deal" with Teheran. [Full Article...]

Energy giant Total pulls out of gas development project in Iran

Energy giant Total pulls out of gas development project in Iran The group mentioned it has $10 billion of capital employed in its United States belongings, and USA banks are concerned in 90 % of its financing operations, making Complete extremely weak if focused by any U.S. Danish oil product shipping operator Maersk Tankers said it would wind down its customer agreements in Iran by November, while German insurer Allianz said on Tuesday it was preparing to win... [Full Article...]

Cannes Film Festival 2018: Deepika Padukone floats like a butterfly

Cannes Film Festival 2018: Deepika Padukone floats like a butterfly Keeping it simple and basic she wore black sari with a basic sleeveless blouse. The actress completed her look with earrings and rings looking fresh and pretty. Giving a glimpse into her Cannes avatar Deepika said, "when in Cannes". Deepika's attractive dress is courtesy Tome NYC dress and shoes are from Christian Louboutin. [Full Article...]

Walmart just bought a 77% stake in Flipkart for $16 billion

Walmart just bought a 77% stake in Flipkart for $16 billion After months and months of rumors , U.S. retail giant Walmart and Indian e-commerce major Flipkart have officially announced their partnership. But Walmart believes India, which has 1.3 billion people, could be among the world's top five e-commerce markets within the next five years . [Full Article...]

The Biggest 3 Holders Of Valeant Pharmaceuticals International, Inc. (VRX)

The Biggest 3 Holders Of Valeant Pharmaceuticals International, Inc. (VRX) The stock increased 0.78% or $0.14 during the last trading session, reaching $18.16. About 5.48 million shares traded. In current trading day Infinity Pharmaceuticals, Inc. It is down 0.00% since May 7, 2017 and is. Its down 0.02, from 0.99 in 2017Q3. 67 grew stakes while 54 funds bought stakes. 169.66 million shares or 0.12% less from 169.87 million shares in 2017Q3 were reported. [Full Article...]

Comcast Looks to Disrupt Disney-Fox Deal With All-Cash Offer

Comcast Looks to Disrupt Disney-Fox Deal With All-Cash Offer Citing three unspecified sources "familiar with the matter", the news agency reports that Comcast CEO Brian Roberts sees an opening if USA federal courts approve AT&T's $85b acquisition of Time Warner to go forward - a ruling is expected on that matter in June. [Full Article...]

Warren Buffett: Can't Operate His iPhone, Calls Bitcoin 'Rat Poison'

Warren Buffett: Can't Operate His iPhone, Calls Bitcoin 'Rat Poison' I've got some corn and at the end of the period, I've gotten some significant income and I've still got the farm. Buffett suggested over the weekend that he would buy more shares at the right price. If I'm investing in Apple , I want people to think Apple is awful because they're repurchasing shares and it will go up faster. "You can get that and it will feed on itself for a while - and som... [Full Article...]

Cybersecurity risks to get worse, says Warren Buffett

Cybersecurity risks to get worse, says Warren Buffett Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia". " Wells Fargo is a company that proved the efficacy of incentives and it's just that they had the wrong incentives". Wells Fargo had been trying to fix its reputation after admitting in 2016 that employees opened as many as 2 million acco... [Full Article...]

"Unbreakable Kimmy Schmidt" Has Been Cancelled At Netflix After Four Seasons

Once she's freed, Kimmy decides to start over in New York City. Though season 4 might mark the end of the series, it may not be the last time we see Kimmy , Titus, and the rest of the gang. Press PLAY above to groove to a new Kimmy Schmidt tune, and hit the comments with your early Season 4 thoughts . The show featured Tina Fey's trademark brand of wacky but topical comedy, often mining s... [Full Article...]

Goldman Sachs Opening Bitcoin Trading Desk

Goldman Sachs Opening Bitcoin Trading Desk In November a year ago, the CEO of Goldman said that bitcoin trading is a "Vehicle to perpetrate fraud". However, #Goldman Sachs has recently announced that they are actually moving ahead with starting an internal Bitcoin trading operation that will be offering clients options to invest in Bitcoin and other cryptocurrency futures . [Full Article...]

VW emissions scandal: U.S. charges ex-CEO with conspiracy and fraud

VW emissions scandal: U.S. charges ex-CEO with conspiracy and fraud The charges stem from the VW Group diesel emissions scandal that broke in 2015. According to the indictment , Winterkorn was told of the problem and questioned how US regulators were threatening to delay certifying 2016 cars for sale, at a July meeting in Wolfsburg, Germany, where the company is based, according to Bloomberg News. [Full Article...]

Axa Continues to Hold Stake in Qualcomm INC (QCOM)

Qualcomm stock traded up $0.05 during midday trading on Thursday, hitting $50.31. Sun Life Financial INC lowered its position in shares of Qualcomm (NASDAQ:QCOM) by 64.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. [Full Article...]

Southwest airplane window cracks during flight: "Non-emergency" landing in Cleveland

Southwest airplane window cracks during flight: Riordan was taken to the hospital while flight attendants assisted other passengers with minor injuries, according to The New York Times . The US Federal Aviation Administration will look into what caused the window to crack in the latest case. [Full Article...]

Amazon Makes Formal Offer for 60% of Flipkart

Amazon Makes Formal Offer for 60% of Flipkart While details are sketchy, it appears that the Amazon bid values Flipkart at close to $20 billion - 66 per cent higher than the valuation in August previous year when the Bangalore-based firm raised $1.2 billion from a technology fund backed by Japan's SoftBank group. [Full Article...]

Tesla Being Sued By Nikola Motors for Possible Patent Infringement

Tesla Being Sued By Nikola Motors for Possible Patent Infringement Nikola filed for its patents in December 2015 and announced in May 2016 that it was designing and meant to build an electric Class 8 truck . Seventy-two days after the Nikola truck design was released, Musk announced that Tesla was in the "early stages" of developing a semi. [Full Article...]


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