Finance

Rivian Adds $2.5 Billion More To It's War Chest For EV Pickup

MORE NEWS THIS CATEGORIES

Amazon rethinks plan for New York HQ amid fierce opposition, report says

New York - Long Island City, specifically - was selected as a co-winner, along with land in Northern Virginia, in November . The report , which cited unna...

Trump Unbelievably Gloats About National Enquirer's Takedown Of 'Jeff Bozo's' Marriage

When President Donald Trump called Amazon founder Jeff Bezos " Jeff Bozo" in a Sunday evening tweet, it quickly triggered more amazement at the extent to...

Tensions rise as Venezuela blocks border bridge in standoff over aid

Elliott Abrams, U.S. special envoy for Venezuela, said at a press briefing of the State Department that Washington has revoked visas for an unspecified number...

Huawei deals for tech will have consequences - U.S. warns EU

The company also denied claims it could be compelled to assist Chinese national intelligence work using information gathered from the UK. "Our solid track rec...

Amazon Throws Its Hat Into Autonomous Driving Ring With Aurora Investment

The company aims to accelerate the development of autonomous technology with the capital raised. An investment isn't the same as a partnership - it signals in...

Twitter posts bigger 4Q profit, monthly user base slips

Some analysts said it was time for Twitter to show the results of efforts to safeguard its platform. Twitter's operating costs are expected to surge by 20 per...

Tata Motors Q3 hits China wall: Major takeaways

Plummeting sales in China are compounding Jaguar Land Rovers challenges that include the industry's shift away from vehicles powered by gasoline and diesel,...

General Motors rebounds with $8.1B 2018 profit on strong pricing

GM made $10.8 billion in 2018, before taxes, down about 9.0 percent from 2017. The latest payment will come in the February 22 paycheck. Since 2010, certain e...

Jeff Bezos Says Tabloid Tried to Blackmail Him Over Dick Pics

That same day, the National Enquirer touted that it would publish alleged intimate text messages between Bezos and Lauren Sanchez , whom he was said to be ...

Tesla cuts Model 3 price for second time this year Reuters

Ahead of the debut of several direct competitors and the disappearance of the $7,500 tax credit, the automaker has made fielding cheaper versions of the Model 3...

BB&T to buy SunTrust: It’s the biggest bank merger in a decade

A bank that got its start here in Eastern Carolina is merging with another financial institution to become the 6th largest bank in the country. The merger joi...

Royal Commission report released

It recommended the abolition of "money for nothing" commissions on loans and referred 24 cases of alleged bad behavior for possible legal action. Most are seeki...

United States oil inventories increase last week

Output declines from the Organization of the Petroleum Exporting Countries (OPEC) as they make good on their pact to curb a supply overhang were compounded by ...

RBI cuts repo rate in first policy review under new governor

The repo rate cut, coming after a gap of 18 months, will nudge banks to cut interest rates on loans for borrowers and provide a stimulus for demand in the econo...

Oil rises 1 percent on signs of tightening global oil supply

The measures against Venezuela's state-run oil company are the strongest yet against President Nicolas Maduro , who has overseen an economic collapse and a...

Trade Wars: The Pain and the Gain

US firms are only expected to pick up about 6% of the value of tariffed Chinese exports, while Chinese firms will pick up 5% of the value of tariffed USA export...

Trump uses State of the Union address to emphasize immigration agenda

A new study by the Yale Program on Climate Change Communication, however, found that the president's rhetoric has been less effective in changing the way Republ...

We won't recognise rival to Maduro, Coveney says

While speaking at a meeting of the Lima Group Monday, Canadian Prime Minister Justin Trudeau said his country would provide $53 million to help the Venezuelan p...

GM Begins To Axe 4,000 Jobs As Part Of Restructuring

The company announced in November it was shrinking it is ending production at five North American plants and eliminating about 15% of the company's salaried w...

HMV saved by Canada’s Sunrise Records

Details of which stores are destined to be shuttered are not immediately available, but nearly 1,500 store and head office employees will keep their jobs as par...

Elon Musk’s Tesla Buys Maxwell To Develop Supercapacitors For Electric Cars

Electric automaker Tesla is planning to purchase energy storage company Maxwell Technologies in an all-stock deal worth about $218 million, the companies sa...

Google parent Alphabet boosts revenue 21%

Google Cloud is a "fast-growing multi-billion dollar business that supports major Global 5000 companies in every important vertical", Pichai said. Alphabet...

Cryptocurrency Exchange QuadrigaCX Loses US$145 Million With Death Of CEO

Quadriga has 363,000 registered users and owes a total of C$250 million to 115,000 affected users, according to an affidavit filed by Cotten's widow Jennifer Ro...

SpaceX tests flight version of Raptor engine

This isn't, therefore, the first time the Raptor engine has ever been fired - SpaceX has fired individual components before and experimented with various design...

Theresa May Says She's "Armed With Fresh" Brexit Mandate

Brussels and London find themselves at an impasse over the final agreement to the UK's exit from the European Union, with the most recent deal having failed i...

Ride-hailing apps must pay drivers minimum wage: judge

Additionally, Juno believes that even while spreading the utilization rate across all companies a driver is logged into, the utilization rate will still resul...

Foxconn changes course again, says plan for LCD factory back on

As part of the Foxconn legislation passed in 2017, the state agreed to give a $15 million grant to the village of Mount Pleasant, where Foxconn is slated to ope...

4,000 General Motors workers to be laid off starting Monday

The GM plant in Lordstown, Ohio, is one of the four US sites affected, CNN reported. At that time, General Motors noted the workers would be forced to take bu...

EU mulls proposals to exclude China firms from 5G network

China insists that Canada released Meng immediately but Ottawa says it can not interfere in the matter. Canadian Prime Minister Justin Trudeau says Canada has a...

BP will link bonuses for 36000 workers to climate targets

They said on February 1 that while the resolution leaves it up to BP to "set out the process and methodology" for its disclosures, "investors will be keen to ...

Anil Ambani’s Reliance Communications to opt for insolvency

However, the Supreme Court had asked it to refund ₹550 crore of Ericsson. With this, Reliance Communications joins Aircel in the list of telecom companies t...

USA economy adds 304,000 jobs in January

January was the 100th straight month of job gains. USA job growth surged in January, with employers hiring the most workers in 11 months, pointing to underl...

Amazon net sales increased 20 percent to $72.4 billion in Q4 2018

This compares to the year-ago quarter when earnings came to $2.16 per share on revenue of $60.45 billion. That's $1.7 billion more than the 2017 holiday quarter...

Chinese Factory Activity Contracts For Second Straight Month - PMI

Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand ...

Orlando Airport Experiencing Delays After Incident

U.S. Rep. Darren Soto, D-Kissimmee, said on Twitter news of the apparent suicide "only adds to tragedy experienced at [OIA]" coming off a hard month for the fed...