Finance

Fed pledges to keep rates low until it achieves maximum employment

MORE NEWS THIS CATEGORIES

Polestar 2 is a Swedish BMW i4/Tesla-Fighting Android

The headline price tag is €39,900 (around £34,100), but for the first year of production, Polestar will only sell you the €59,900 (£51,100) "launch edition" mod...

Walmart greeters being replaced; affecting elderly, disabled

Powell and other greeters with disabilities are threatened with job loss as Walmart transforms the greeter position into one that's more physically demanding. H...

Lyft losses grow ahead of $25bn flotation

Prior to the announcement, Lyft gave the public its first look at the firm's financials in separate filing with the SEC. Early reports suggest Lyft is expecte...

YouTube to disable comments on virtually all videos with young children

Deleting comments on some videos is a striking retreat for YouTube, which alone among Google properties has succeeded in building what amounts to a social med...

NY officials to Amazon: Please don't go

Bezos, over the past two weeks", the New York Times reported, citing two people with knowledge of the discussions. Some House lawmakers , as well as the CE...

Gap announces plan to close 230 stores, some in Canada

According to Gap Inc., this will lead to an estimated 40% of purchases made on the GAP website, allowing the company to save on store operation costs. Most of...

Martha Stewart partners with Canadian cannabis firm

Canopy is conducting several clinical trials exploring how cannabis compounds can improve human and animal health, including research into the effectiveness o...

408hp Polestar 2 revealed ahead of Geneva

The first model, the Polestar 1 , was in essence a two-door coupe version of the Volvo S90 T8, complete with hybrid drive. The sedan is outfitted with dual ele...

Amazon Is Developing Services to Help Kill Off Counterfeit Product Sales

Such merchants represent a massive share of Amazon's business. Nobody knows more about a product than the brand itself. Casey Hopkins, founder of US-based m...

USA to delay further tariffs on Chinese goods

Tariffs on $200 billion worth of Chinese imports had been set to rise to a prohibitive 25 percent from the current 10 percent if no deal was reached by Friday. ...

Tesla's long-awaited $35000 Model 3 is here

Shares of the company were up almost 5 per cent at $312.15 in afternoon trading on Wednesday, after Musk said Tesla would have "news" at 2 pm California time on...

Victoria's Secret will close 53 stores

L Brands CEO Stuart Burgdoefer said the company has been "more promotional than we would like over the last several years" in a call with analysts Thursday. Thi...

Powell tells US Congress that Fed closely monitoring potential risks

Yellen, the first woman to lead the Fed, stepped down in February 2018 after Trump passed her over in favour of Jerome Powell , breaking with a long tradition ...

US Criticizes Guaido for Failed Coup in Venezuela

The United States has led a campaign for worldwide recognition of Juan Guaido , the Venezuelan opposition leader and head of the country's elected National A...

Warren Buffett is ditching the method he uses to evaluate his performance

He said that Ajit Jain had been moved to the head of Berkshire's "insurance activities", including Geico and related businesses, and Greg Abel had been "given...

Elon Musk goes on attack in Twittersphere

Securities regulators have asked that Musk be held in contempt for violating the terms of a settlement agreement. The SEC on Monday called on a federal judge ...

The next Porsche Macan will be fully electric

Porsche said that building the next-generation Macan in Leipzig will allow the company to produce electric cars on the existing manufacturing line. Porsche,...

Belvidere Chrysler plant to lay off over 1,000 employees

Fiat Chrysler announced Tuesday that the company is opening a new auto assembly plant in southeast MI as part of a multi-billion dollar expansion into the ci...

Trump extends China tariff deadline, citing progress on trade talks

But as the March 1 deadline drew closer, Trump has appeared increasingly eager to make a deal, causing concerns among trade watchers that he was eroding U.S. US...

Man Bought $540 in Girl Scout Cookies so Girls Could Escape Cold

A SC man spent over $500 on Girl Scout cookies Friday, and it wasn't because they're his favorite snack. "This man purchased seven packs of cookies". She sa...

Citroen officially announces India entry, Jeep Compass-challenger to be first SUV

Peugeot will be the first PSA brand to land in the USA as part of an effort to bring French cars back to our amber waves of grain, according to comments made th...

Adani group wins bids to operate five airports

The Adani Group will get to manage these airports for 50 years if its offers are approved by the government. According to the report , the Adanis emerged a...

Terrifying Footage Shows Plane Trying To Land In Strong Winds

Both videos show the Airbus A320, swaying violently from side-to-side possibly after encountering a mountain wave off Gibraltar's famous rock. The pilot of f...

Amtrak train stalled since Sunday after hitting a tree

Amtrak says there is ample food on board. Amtrak made the decision to keep passengers on the train because electricity is out in Oakridge. Union Pacific ...

Trump Calls on OPEC to 'relax,' Says Oil Prices Are Too High

EST (1854 GMT) and USA crude fell $1.76 to $55.50 a barrel, also a 3.1 percent loss. In the midst of the oil price spike scare, President Donald Trump warne...

Elon Musk in trouble with SEC over another tweet

Is Musk capable of running a public company? There was no immediate comment from either Tesla or Mr Musk on the SEC's move. "Musk did not seek or receive ...

Storage on smartphones set to soar with new 1TB microSD cards

The 1TB SanDisk Extreme will be available at some point in April for $449.99, which is incredibly expensive but also incredibly expected. There are some dif...

Windy and colder end to weekend; bitter start to Monday!

Another factor to keep in mind is that driving in high winds on wet roads can be hazardous. From a rainy Sunday to a very windy start to the week. Thursday ...

NEB releases Reconsideration report for Trans Mountain Expansion Project

Yet they still recommended that the expansion move forward. "Scientific evidence filed with the NEB clearly shows that there is not enough data to ensure the ...

Pinterest files for IPO as battle for digital ad dollars escalates

A representative for Pinterest declined to comment. It has confidentially filed with the Securities and Exchange Commission for an initial public offerin...

BMW and Daimler sign €1bn mobility deal

BMW Chief Harald Krueger, left, and Daimler AG Chairman Dieter Zetsche are all smiles after announcing plans to merge mobility operations. "Further co-op...

Apple And Goldman Sachs Will Reportedly Launch An iPhone-Connected Credit Card

Apple, which in January reported its first holiday-quarter sales decline since 2001 as revenue from the iPhone tumbled, has been investing in services such ...

Facelifted Volvo XC90 bags KERS, subtle visual cues

It pairs Volvo's gas engines with a new energy-recovery braking system to save up to 15 percent in fuel and emissions, the automaker says. The new "B"-badge...

Friday is National Margarita Day

Here's a roundup of the biggest restaurant chains with the best margarita deals today - starting at only $2. National Margarita Day takes place on February 22...

YouTube is demonetising anti-vaccination videos

Remember YouTube's parody problem a year ago? Epic Games, GNC and Nestlé's, amongst others mentioned they eliminated promoting on the platform after YouTu...