• GM to Sell Lordstown Plant, Invest $700M in Ohio
GM to Sell Lordstown Plant, Invest $700M in Ohio

The Lordstown Plant comes in at 6.2 million square feet, and GM has kept it heated and maintained since it closed to keep it ready in the case it reopened. Trump tweeted in March. Toledo Transmission will expand production of the company's all-new 10-speed automatic transmission for trucks and SUVs. CEO Duane Hughes said in a news release Tuesd...

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  • Buffett’s Berkshire turns $21bn profit - but Kraft Heinz numbers missing
Buffett’s Berkshire turns $21bn profit - but Kraft Heinz numbers missing

But Meyer Shields, an analyst at Keefe, Bruyette & Woods, said Berkshire's more conventional holdings - the so-called "value stocks" at the core of Buffett's philosophy - can likely offset any risk from having a position in Amazon . Buffett has said that Berkshire has a succession plan in place for whenever it is needed. Berkshire owns or co-own...

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  • Tesla to raise money after painful 1Q, and Musk is buying in
Tesla to raise money after painful 1Q, and Musk is buying in

The company anticipates gross proceeds of about $2.3 billion, before discounts and expenses. Stock in Tesla jumped Thursday morning by almost 5% at the news, although the company's shares recently have traded at their lowest point in more than two years.

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  • Unemployment Rate Hits Lowest Point in 49 Years
Unemployment Rate Hits Lowest Point in 49 Years

Trump also tweeted a Breitbart story, "The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969". "Unemployment was last this low in December 1969 when it hit 3.5%". No April showers reported in Friday's job report . The sector added just 4,000 jobs last month versus March's zero growth and February's 8,000 gain...

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  • Apple Earnings: iPhone Slips, Services Soar, Stock Spikes
Apple Earnings: iPhone Slips, Services Soar, Stock Spikes

The NASDAQ Composite dropped by 0.6 percent, while the S&P 500 dipped by 0.8 percent after it reached its all-time high. Cook said that, "We feel positive about our trajectory and that the company's "year-over-year revenue performance in Greater China improved relative to the December quarter".

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  • Burger King's Real Meals will have you saying 'YAAS'
Burger King's Real Meals will have you saying 'YAAS'

Hungry patrons can choose a Pissed Meal when they're angry, a Blue Meal when sad, a Salty Meal for those bitter moments and a DGAF for obvious reasons. The music also has been changed to be more authentic to the idea that people can have a range of feelings. Burger King, by the way, has always offered a meat-substitute burger for its vegan and vege...

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  • Trump Again Calls on Fed to Cut Interest Rates
Trump Again Calls on Fed to Cut Interest Rates

The low-rate policy is helping to keep borrowing costs down and supporting an economy that's been growing steadily since late past year. Treasury Secretary Steven Mnuchin had to call major bank CEOs from the pool in Cabo San Lucas and reassure Americans that the Treasury Department stood prepared to ensure the soundness of the financial system.

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  • As US sanctions kick in, Indian refiners brace for costly crude
As US sanctions kick in, Indian refiners brace for costly crude

The May 2 deadline is expected to deliver an oil shock to the leading economies of the world as U.S. President Donald Trump continues to insist that leading importers like India should zero out energy supply from Iran. "Crude prices are off. after the weekly API oil inventory report showed a build of 6.8 million barrels, up from the draw of 3.1 mil...

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  • House panel chairman says Barr must testify Thursday
House panel chairman says Barr must testify Thursday

Prior to the release of the full report, Barr testified before Congress and faced harsh criticism over his comments about the origins of the Trump-Russia investigation. Sen. Mazie Hirono, D-Hawaii, led 11 other senators who penned a letter to DOJ's Inspector General Michael Horowitz and director of Professional Responsibility Corey Amundson, urging...

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  • Burger King's meatless Whopper is going national, MI arrival unknown
Burger King's meatless Whopper is going national, MI arrival unknown

Burger King announced its collaboration with Impossible Foods , manufacturer of the plant-based Impossible Burger , in November. The company declined to specify when or which additional markets the Impossible Whopper would be landing in before the proposed nationwide rollout at the end of 2019, only that the expansion would be coming "in th...

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  • Kim Jong Un arrives in Russian Federation ahead of Putin summit
Kim Jong Un arrives in Russian Federation ahead of Putin summit

North Korean leader Kim Jong-un ordered the execution by firing squad of four foreign ministry officials after the failure of his Hanoi summit with Donald Trump , a report has claimed . One North Korean sanctions complaint that could find a receptive audience in Russian Federation is the Security Council requirement that countries expel North...

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  • Trump threatens European Union with retaliation over ‘unfair’ tariffs on Harley-Davidson
Trump threatens European Union with retaliation over ‘unfair’ tariffs on Harley-Davidson

U.S. President Donald Trump and Vice President Mike Pence stands next to Harley Davidson motorcycles after meeting with Harley Davidson executives at the South Lawn of the White House in Washington U.S., on February 2, 2017. The company said it found 278,000 "new riders" in the United States in 2018 and that "this group is the most diverse acro...

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  • Tesla board shakeup seen as 'important Step' in governance
Tesla board shakeup seen as 'important Step' in governance

But their dispute is far from over : The SEC has since accused Musk of flouting other settlement terms and is looking to hold him in contempt. In a hearing earlier on April 4, Nathan suggested that both sides "take a deep breath, put on your reasonableness pants" and secure a workable solution.

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  • CAPP remains optimistic Trans Mountain will be built, but frustrated with delays
CAPP remains optimistic Trans Mountain will be built, but frustrated with delays

A load of pipes originally destined for the Trans Mountain pipeline sits idle on a Kamloops B.C. rail siding. In February, the National Energy Board (NEB) reiterated its approval of the Trans Mountain pipeline expansion, subject to 156 recommended conditions and 16 new, non-binding recommendations to the federal government created to better prote...

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  • Sears sues Lampert, claiming he looted company and drove it into bankruptcy
Sears sues Lampert, claiming he looted company and drove it into bankruptcy

Mr. Mnuchin was previously a director at Sears, but his links to Lampert go way back. The complaint was filed on behalf of creditors who claim that Lampert destroyed billions of dollars of Sears' value, driving the company into bankruptcy. They cited sales or spinoffs of key assets that they claimed lined Lampert's own pockets. The complaint accu...

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  • Air India plans to lease five Boeing 777s from Jet Airways
Air India plans to lease five Boeing 777s from Jet Airways

In the tweeted video, he said Boeing carried out a flight test of the updated software with its technical and engineering leaders on board the airplane on Tuesday. Canada has already taken measures on pilot training following the Lion Air crash, working with WestJet Airlines, Air Canada and Sunwing to require a five-step memorized pilot checklist...

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  • Two hopping Easter egg hunts get underway Friday
Two hopping Easter egg hunts get underway Friday

Some eggs will have "Golden Tickets " inside them, which is an annual Dog Park Pass. Altitude is celebrating with two Easter egg hunts on Friday, April 19th. The Easter Bunny will pay a visit starting at 11 a.m. They are three years and younger, ages 4 to 6, 7-9 and 10 to 12. Did we miss your Easter egg hunt? When we think about Easter we th...

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  • Huobi criticizes Binance for delisting BSV 'out of personal preference'
Huobi criticizes Binance for delisting BSV 'out of personal preference'

Bitcoin SV, on the other hand, has plummeted over the past several days, and is now trading down over 12% at its current price of $55. Even though Bitcoin SV has been a controversial cryptocurrency since the very start, the controversy really ramped up this month.

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  • Facebook collected 1.5 million users’ email contacts without their knowledge
Facebook collected 1.5 million users’ email contacts without their knowledge

However, there is no clarity on whether the contacts were used for ad-targeting too, or were accessible to Facebook data brokers. The world's biggest social network said Wednesday night that the email contact lists had been "unintentionally" uploaded to Facebook following a design change nearly two years ago, and the company was now in the pr...

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  • U.S. wins WTO case against China over grain exports
U.S. wins WTO case against China over grain exports

US Trade Representative Robert Lighthizer (2nd right) sits across from China's Vice Premier Liu He (left) during the US-China Trade Talks in the Eisenhower Executive Office Building at the White House in Washington, January 30, 2019. United States want to put new tariffs on China in case the latter backfires and slips off its commitments. -Chin...

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  • March inflation drops to 11.25%
March inflation drops to 11.25%

British employment has reached a record-high level, shaking off stubborn uncertainty surrounding the UK's departure from the European Union, official data showed on Tuesday. Department stores also enjoyed online sales growth of 3.4 per cent year-on-year but lagged behind all other shop types apart from household goods stores, which saw online sales...

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  • Intel Abandons 5G Modem Development For Phones Following Apple And Qualcomm Truce
Intel Abandons 5G Modem Development For Phones Following Apple And Qualcomm Truce

Yesterday, Apple and Qualcomm kicked off a massive court case certain to range for years across their respective businesses. A multi-year chipset supply agreement is also part of the settlement. Qualcomm expects incremental earnings per share of $2 as product shipments ramp, the company said. Qualcomm stock has exploded upwards on this guidance, ...

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  • Tesla, Panasonic Reportedly Halt Nevada Gigafactory Expansion
Tesla, Panasonic Reportedly Halt Nevada Gigafactory Expansion

The companies plan to revisit their Gigafactory expansion plans in 2020 depending on Model 3 and Model Y sales at that time. The pair had planned to increase capacity at the world's biggest electric vehicle battery plant by next year, the Nikkei reported , but financial problems have led them to reconsider that plan.

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  • Wynn Resorts proposes banning its namesake from its casinos | AP business
Wynn Resorts proposes banning its namesake from its casinos | AP business

Wynn Resorts Chairman Phil Satre offered his support for Maddox in the wake of the NGCB's affirmation, stating, "In the past 12 months, the Wynn Resorts Board of Directors - independent and with no extensive pre-existing relationships with each other or the executive team - have been keenly focused on establishing the right direction and leade...

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  • Fisher-Price Rock n' Play recall today after reports of infant deaths
Fisher-Price Rock n' Play recall today after reports of infant deaths

Consumers should stop using the product immediately. "I urge consumers to report any incidents with inclined sleepers or other nursery products to CPSC at saferproducts.gov", she said in a video statement . "Stores should remove the "Rock 'N Play Sleeper" from their shelves". Over 30 fatalities have been reported since the product was introduc...

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  • French Sec. of State Would Consider Asylum for Julian Assange
French Sec. of State Would Consider Asylum for Julian Assange

That's striking since Assange and WikiLeaks have surfaced, albeit obliquely and not by name, in multiple criminal cases brought by Mueller. The 47-year-old Australian was arrested by British police at the Ecuadorian embassy in London, after the South American nation withdrew its protection of the famous hacker.

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  • Saudi Aramco’s International Bond Sale Tops $100 Billion In Investor Orders
Saudi Aramco’s International Bond Sale Tops $100 Billion In Investor Orders

For Saudi Arabia and Aramco itself, the early success in selling the bonds marks a tremendous turnaround after investors, Wall Street bankers and corporate titans briefly shunned the kingdom previous year following the assassination of journalist Jamal Khashoggi.

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  • Moon, Trump meet in wake of North Korea summit failure
Moon, Trump meet in wake of North Korea summit failure

The country's Korean Central News Agency (KCNA) stated that the dictator presented a report on the current state of North Korea that featured "a scientific analysis of the changed global landscape and the peculiarities of the present situation becoming daily acute and clarified the main tenor of the recent DPRK [North Korea]-U.S.

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  • Merkel should reopen backstop talks to support 'proper Brexit', says Leadsom
Merkel should reopen backstop talks to support 'proper Brexit', says Leadsom

The EU Council President - who published his letter with a tweet stating "there are times when you need to give time time" - wrote: "We should treat the United Kingdom with the highest respect, as we want to remain friends and close partners, and as we will still need to agree on our future relations".

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  • Hospitals add 13,600 jobs in March
Hospitals add 13,600 jobs in March

Though some corners of the Victoria economy saw job growth - transportation and warehousing added 3,400 positions over the previous year, and business, building and support services added 2,800 - they were offset by decreases. Construction picked up 16,000 jobs in March after shedding 25,000 jobs a month earlier and, over the last 12 months, the in...

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