Finance

Fed pledges to keep rates low until it achieves maximum employment

MORE NEWS THIS CATEGORIES

1.2m Hondas recalled off roads throughout the Americas

This set of recalls is part of the largest series of automotive recalls in US history, which includes as many as 70 million vehicles recalled. The vehicles in...

Nissan to end luxury Infiniti auto production in Sunderland

Infiniti will cease production at its Sunderland , UK plant - which builds the Q30 hatchback and QX30 crossover - by mid-2019. As a result the Q30 auto an...

US regulators clear path for genetically modified salmon

The FDA says those standards are in place, so the salmon eggs can be imported to a facility in Indiana. An import alert that prevented genetically engineered ...

Court rejects Ghosn's request to attend Nissan board meeting

It added that the new board will "drive the operational co-operation between Nissan , Renault and Mitsubishi Motors and look for new ways to generate value...

India Targets Saudi Investment in Building Strategic Oil Reserve

Crude output in the United States will rise almost 2.8 million bpd, growing to 13.7 million bpd in 2024 from just under 11 million bpd in 2018, the IEA said . ...

LOL: 2020 Dem Ran Ads About Breaking Up Facebook's Monopoly....On Facebook

He also said that another collection of Warren ads that were critical of Facebook was not removed. "We all use them". They've bulldozed competition, used ou...

Trump to Seek $8.6 Billion for Wall, Set Up New Budget Fight

For one thing, presidential budget proposals stopped being serious documents years ago, perhaps decades ago, so, er ... why the hell not? In addition to...

Tesla Changes Its Mind Over Store Closures, Raises Prices By 3%

Elon Musk is backtracking from a jarring change in Tesla Inc.'s retailing strategy, keeping numerous company's stores open and raising the prices of its elec...

May still hopes for changes to Brexit deal

The main disagreement over the border issue has been over an EU-suggested backstop - keeping Northern Ireland in the EU single market and the Customs Union af...

Fire causes Montreal-Fort Lauderdale flight to make emergency landing at Newark

The emergency landing shut Newark airport to all arrivals and departures. At about 9 a.m., the airport closed all of its runways, but reopened them and resume...

Tesla faces stiff competition as Porsche plans to boost Taycan production

Yet now we know that we are talking about not one, but two battery variants. Porsche is parent Volkswagen's most profitable brand and its success is vital for...

Nvidia, Intel, and Xilinx in rumored bidding contest for Mellanox

Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help the USA chipmaker ...

Tesla says it'll keep more stores open and raise auto prices

Earlier this month Tesla said it would close an unspecified number of stores to fund a cut in the price of the Model 3 in the USA to $35,000 (£26,400). The ...

Sorry Amazon: Philadelphia bans cashless stores

As of July, most businesses will be required by law to accept cash (exceptions will be made for parking garages, wholesale clubs like Costco that sell through a...

Tesla gets $520 mn funding for first Chinese plant

A Shanghai city government official said on Wednesday that they expect Tesla's vehicle assembly facility to be completed in May this year, which is a lofty go...

Economy creates paltry 20000 jobs in February

Despite the drop, the unemployment rate fell and hourly wages saw their biggest gains in almost a decade, more evidence of the tight labor market. Construc...

Norway sovereign wealth fund, the world's biggest, to dump oil and gas

The fund will continue to own shares in major oil companies like Shell and BP that are making an effort to diversify into renewable energy. "The most importan...

May faces heavy defeat in parliament as Brexit crisis grips Britain

Mrs May has said if the Government loses on Tuesday, there would be further votes on Wednesday on whether the United Kingdom should leave with no-deal and on ...

Canada’s Labor Market Is Off to Its Best Start Since 1981

Quebec's jobless rate dropped to 5.3 percent, while Ontario's remained at 5.7 percent. According to Statistics Canada , Canada's economy added almost 60,000 ...

Forgetful $273M Mega Millions Winner Says Good Samaritan Helped Him Win Big

The ex-wife of New Jersey's latest big lottery jackpot victor is not interested in reconciliation - but hopes he does the "right thing morally" when it come...

Lawyer says he was behind Carlos Ghosn’s ‘disguise’ during release

Ghosn walked out of a local jail Wednesday after more than 100 days of detention following an unexpected decision from the Tokyo District Court, despite stron...

Bank of Canada interest rates go untouched amid slowing economy

The speech came one day after the Bank of Canada held interest rates steady as expected and said there was "increased uncertainty" about the timing of future ra...

A Turkish Airlines flight makes emergency landing at JFK: FAA

The National Weather Service issued a warning about turbulence for the area. The U.S. Federal Aviation Administration said in a statement to ABC News that a...

Global stocks extend slide amid concerns on growth

The ECB followed-up its dismaying economic news by announcing a new round of stimulus. The move came during a week that saw China cut its goal for economic ...

Venezuela hit by major blackout, government blames 'sabotage'

Opposition lawmakers denounced the overnight arrest of three people who were setting up a stage at the opposition rally site. Maduro has meanwhile asked his b...

Disabled employee anxious as Walmart says goodbye to greeters

The retail giant came under fire this week when news surfaced that it will replace its greeter roles with "customer hosts". He said that Walmart's goal is to of...

Airbnb buys HotelTonight app to broaden travel offerings

Following the completion of the acquisition , Sam Shank, co-founder and CEO of HotelTonight , will report to Greg Greenly, Airbnb president of homes and lea...

500 jobs at risk as LK Bennett collapses into administration

Dan Hurd, joint administrator, said: " LK Bennett is a strong luxury United Kingdom brand, the new season collection was critically acclaimed and recent tradin...

Apprenticeships have fallen substantially, says audit office

Apprentices are given 18 weeks of classroom and driver training before heading out on the road to gain hands-on experience working on an emergency ambulance whi...

No internet and cameras at the door: Ghosn’s bail conditions

The front pages of all major newspapers carried photos of Ghosn, his identity obscured by a surgical mask, blue cap and laborer's clothes on Thursday. Seiho Cho...

Trudeau to discuss SNC-Lavalin affair in Thursday morning press conference

He said he thinks that most ministers and Liberal lawmakers want to kick her out of the party and that Philpott does not agree with them. There is no surprise ...

Quadriga cryptocurrency wallets were emptied months before founder’s death

Jennifer Robertson , the widow of QuadrigaCX's deceased CEO Gerald Cotten , has asked the Nova Scotia Supreme Court to appoint a chief restructuring office...

Elizabeth Warren has big plans to break up Amazon, Google, and Facebook

The organization wrote that Warren's plan "ignores the fact that numerous services big tech companies now provide free used to cost consumers money". Warren...

OECD Cuts Global Economic Growth Forecasts Again

The OECD's quarterly update on the global economy showed that it expects GDP growth to average out at around 3.3% in 2019, down from 3.5% at its last update in...

Amazon May Open An Entirely New Chain Of Grocery Stores

Amazon has already signed leases for at least two other grocery locations with openings planned for early next year, this person said, without saying where thos...