Business

Amazon Pulls Out of New York City Plans After Backlash

Amazon Pulls Out of New York City Plans After Backlash Louis, St. Charles County and IL. However, it drew opposition from unions, members of the City Council and others, including newly elected Rep Alexandria Ocasio-Cortez, angry over the billions in incentives promised to one of the world's most valuable companies. [Full Article...]

Former attorney general Jody Wilson-Raybould resigns from cabinet

Former attorney general Jody Wilson-Raybould resigns from cabinet Trudeau tried to reassure Indigenous Canadians that, despite Wilson-Raybould's resignation, the Indigenous reconciliation effort remains a priority for his government - and that without an Indigenous member of cabinet, he'll get his feedback on the file from Canadians across the country. [Full Article...]

Theresa May asks MPs for more time on Brexit

Theresa May asks MPs for more time on Brexit Now the Prime Minister comes before this House with more excuses and more delays. She hopes to get Brussels to agree to revisions, but so far the European Union , with the united support of all the other 27 member countries, has refused to reopen negotiations on the text of the 585-page agreement. [Full Article...]

Amazon opponents hit Queens streets following reports that retailer is reconsidering headquarters

Amazon opponents hit Queens streets following reports that retailer is reconsidering headquarters A report in the Washington Post says Amazon is considering pulling out of a deal to build its New York City headquarters because of opposition from state and city elected officials who represent the Queens district where the company wants to build. [Full Article...]

Home and auto loans to be cheaper as RBI cuts rates

Home and auto loans to be cheaper as RBI cuts rates Das, in his maiden monetary policy review, has moved away from the usual practice of announcement 2:30 pm. The committee voted 4:2 to pare the repo rate by 25 basis points to 6.25 percent. The rate cut is in the right direction given that the inflation footprint has been benign for some time. While four members of the MPC including Das voted for a rate cut, RBI deputy governor Viral Achar... [Full Article...]

Jeff Bezos accuses National Enquirer of photo blackmail

Jeff Bezos accuses National Enquirer of photo blackmail Pecker" and included copies of emails from AMI. Bezos hired a team of investigators to look into how, late past year, the Enquirer obtained the raunchy text messages he exchanged with Lauren Sanchez while still married to his longtime wife. [Full Article...]

Alphabet -2.5% despite Q4 beats

Alphabet -2.5% despite Q4 beats Yet Alphabet continues to deliver strong top-line growth, which is impressive considering that its revenue base was $137 billion previous year. Overall, Alphabet revenue was $136.8 billion for 2018, up 23% year-over-year, with $39.3 billion quarterly revenue, up 22%, the company said. [Full Article...]

Democrats swipe at Trump with State of the Union guests

Democrats swipe at Trump with State of the Union guests Of course, many Democrats would argue that it would be unethical for a Democratic president to try to address climate change, health care reform, gun control or the national deficit via an emergency declaration-and that the legislative branch is the appropriate way to address those concerns. [Full Article...]

GM to lay off about 4000 salaried workers

GM to lay off about 4000 salaried workers The job cuts are part of what GM describes as efforts to improve its operating efficiency. 'These actions are necessary to secure the future of the company, including preserving thousands of jobs in the USA and globally, ' GM spokesperson Pat Morrissey said, adding that the bulk of the cuts should be completed within the next two weeks. [Full Article...]

Exit from Brexit? I'd like it, but it's unlikely: German foreign minister

Exit from Brexit? I'd like it, but it's unlikely: German foreign minister Prime Minister wrote in the Sunday Telegraph that she would be battling for Britain and Northern Ireland in order to get rid of the agreement's unpopular backstop provision. Under the backstop, the United Kingdom would remain in a customs union with the EU in the absence of a trade deal, and Northern Ireland would stay aligned to some EU rules. [Full Article...]

Facebook’s growth not troubled by scandals and privacy rage

Facebook’s growth not troubled by scandals and privacy rage The business had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. Facebook's increased its user base in the USA and Europe, with profits up $6.9bn (£5.3bn) despite a year of scandals plaguing the social media giant. [Full Article...]

Fed Changes Course, Signals Pause on Rate Hikes

Fed Changes Course, Signals Pause on Rate Hikes The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given global economic pressures and mild inflation. To sum up, the FOMC was dovish both on the interest rate policy and the balance sheet policy. "We're not favoring the USA market, but we're happy to own Treasuries", said Schroders Plc portfolio manager Angus ... [Full Article...]

NITI Aayog clarifies report saying 'unemployment at 45-year high' not verified

NITI Aayog clarifies report saying 'unemployment at 45-year high' not verified Mohanan told NDTV that he had quit over "disagreements" with the government on the release of a jobs survey and concerns about it being buried in election season. The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent i... [Full Article...]

US Opens Trade Talks With China

US Opens Trade Talks With China USA and Chinese negotiators on Wednesday opened two days of high-level talks aimed at settling a trade war that has weakened both economies. "Meetings are going well with good intent and spirit on both sides", Trump wrote . In a sign that Beijing is serious about addressing USA complaints, Chinese lawmakers this week completed a second review of a new law that is aimed at protecting the IP of... [Full Article...]

Russia Vows To Defend Its Venezuelan Oil Assets

Russia Vows To Defend Its Venezuelan Oil Assets National Security Adviser John Bolton said President Nicolás Maduro and his allies could "no longer loot the assets of the Venezuelan people". "We are waiting for you and the commitment you have to our constitution", Guaido said at a Sunday news conference. [Full Article...]

U.S. officially files criminal charges against Huawei executive

U.S. officially files criminal charges against Huawei executive Acting US Attorney General Matthew Whitaker led a news conference this afternoon, during which he explained that a grand jury in Seattle had indicted two affiliates of Huawei on 10 federal crimes related to accusations that Huawei stole technology from T-Mobile. [Full Article...]

Memos: Facebook allowed 'friendly fraud' to profit off kids

Memos: Facebook allowed 'friendly fraud' to profit off kids While Facebook did not develop the games in question, payments were made through its system which, at the time, did not have additional measures in place that required parents to re-verify card use if a child was spending more money. She also said it would "make sense to start refunding for blatant FF-minor". None of the unsealed records, however, directly tie Facebook's tolerance of " friendly ... [Full Article...]

Oil Market Roundup - Friday Week 4

Oil Market Roundup - Friday Week 4 More broadly, the slide in USA oil followed a tumble in global stock markets on Tuesday, with investors anxious about the threat of a widespread economic slowdown. Venezuela's crude is so heavy it must be blended with naphtha, a liquid hydrocarbon mixture used to dilute oil so that it can be transported. Sanctions would likely accelerate those trends. [Full Article...]

White House: President Trump OK with second shutdown over border spat

White House: President Trump OK with second shutdown over border spat Pelosi rescinded her invitation to Trump to deliver his State of the Union speech in the House chamber on January 29, citing security concerns due to the shutdown. The lynchpin in the standoff is Trump's demand for $5.7 billion USA for his proposed wall at the U.S. -Mexico border, a project Democrats consider an ineffective, wasteful monument to a ridiculous Trump campaign promise. [Full Article...]

Maduro rejects Europe ultimatum

Maduro rejects Europe ultimatum Guaido says he is acting in accordance with two articles of the constitution that give the National Assembly president the right to hold power temporarily and call new elections . But as the sun set on Venezuela's capital, the Foreign Ministry issued a statement saying Maduro's government was suspending the expulsion to provide a 30-day window for negotiations about setting up a "U.S. [Full Article...]


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