Crude Inventories Pale, Oil Prices Extend Gains

Opec sources have said an extension of the pact is the likely scenario. Crude oil imports to the United States fell last week by 523,000 bpd to 6.4 million bpd. Oil prices were mixed on Thursday after hitting 2019 highs as OPEC stressed the need ... More..

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Facebook's Loss of Product Chief Puts More Pressure on CEO Mark Zuckerberg
by | Friday, March 15, 2019

Facebook's Loss of Product Chief Puts More Pressure on CEO Mark Zuckerberg

Cox "is a great guy who is someone who has always tried to do good", said David Kirkpatrick, an author who became well acquainted with Cox and Zuckerberg while writing a book about Facebook. Cox and Daniels are...More..

Toyota says to boost USA investment to $13B over 5 years
by | Friday, March 15, 2019

Toyota says to boost USA investment to $13B over 5 years

Last year Toyota and Mazda announced plans to build a $1.6 billion joint-venture plant in Huntsville that will eventually employ about 4,000 people. "These latest investments represent even more examples of o...More..

Pi world record calculation broken by Google employee Emma Haruka Iwao
by | Friday, March 15, 2019

Pi world record calculation broken by Google employee Emma Haruka Iwao

The previous world record , calculated in November 2016 by Peter Trueb , calculated Pi to around 9-trillion decimal places fewer than the number calculated this year by Google . So many in fact, that she now...More..

Tesla Should Not Have Lowered the Price of Autopilot Says Musk
by | Friday, March 15, 2019

Tesla Should Not Have Lowered the Price of Autopilot Says Musk

Musk corrected his tweet four hours later to say that the "annualized production rate" at year-end 2019 would probably be about 500,000, with deliveries expected to be about 400,000. Musk had till Monday to ...More..

Facebook, Instagram down Wednesday: Facebook blames server configuration for longest-ever outage
by | Friday, March 15, 2019

Facebook, Instagram down Wednesday: Facebook blames server configuration for longest-ever outage

After acknowledging the problem Wednesday, Facebook remained mum on the issue for almost 24 hours before issuing an explanation and apology around 1630 GMT Thursday. prosecutors had launched a criminal invest...More..

Inflation data lifts S&P, Nasdaq futures; Boeing slips again
by | Friday, March 15, 2019

Inflation data lifts S&P, Nasdaq futures; Boeing slips again

The company led a slide in industrial sector stocks. The S&P 500 index rose 8 points, or 0.3 percent, to 2,791. At 9:00 a.m. ET, Dow e-minis were down 20 points, or 0.08 percent. The Russell 2000 inde...More..

Volkswagen to shed up to 7,000 jobs through automation
by | Friday, March 15, 2019

Volkswagen to shed up to 7,000 jobs through automation

At the VW brand, executives aim to lift their profit margin to 6.0 percent by 2022, compared with 3.8 percent previous year. To align itself properly to fund this EV strategy, the company is looking at making o...More..

Pi Day 2019 Restaurant Deals & Freebies Near Me
by | Friday, March 15, 2019

Pi Day 2019 Restaurant Deals & Freebies Near Me

Mountain Mike's is offering $5 off any "mountain-sized" pizza (that's a really big pizza) and $3 off any large-sized pizza. The Ontario-based chain will be offering customers cheap $3.14 small cheese or pe...More..

Texas Donut Shop Filled With Customers After Sad Tweet Goes Viral
by | Thursday, March 14, 2019

Texas Donut Shop Filled With Customers After Sad Tweet Goes Viral

Yet, despite the grand-opening sign outside the store, few customers were stopping by. All it took was a single tweet of a "sad" father stationed behind the counter of a newly opened but desolate mom-and-pop ...More..

How safe is Boeing's 737 MAX 8 aircraft? | US & Canada
by | Thursday, March 14, 2019

How safe is Boeing's 737 MAX 8 aircraft? | US & Canada

Meanwhile, Norwegian was maintaining its order for more aircraft of the same type from Boeing , spokesman Lasse Sandaker-Nielsen said. "Pilots repeatedly voiced safety concerns about the Boeing 737 Max 8 t...More..

Here’s how much 5G service will cost from Verizon
by | Thursday, March 14, 2019

Here’s how much 5G service will cost from Verizon

Like 10, which is the number of dollars required to add unlimited 5G data on top of existing Go, Beyond, and Above Unlimited plans. "Minneapolis will see a similar concentration, focused on the Downtown West...More..

Saudi oil minister says no OPEC+ output policy change until June
by | Wednesday, March 13, 2019

Saudi oil minister says no OPEC+ output policy change until June

Brent crude, the global benchmark, rose by $0.57 to $67.15 a barrel at 1305 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1 percent, to settle at $56.87 a barrel. The United Arab Em...More..

Infiniti Gives up on Western Europe, Will Leave in Early 2020
by | Wednesday, March 13, 2019

Infiniti Gives up on Western Europe, Will Leave in Early 2020

Infiniti said this decision was part of a restructuring plan that allows it to focus purely on its most active markets - namely, North America and China. The brand has said new vehicles introduced after 2021 w...More..

Facebook Temporarily Removed Elizabeth Warren Ads Urging Breakup Of Tech Giants
by | Tuesday, March 12, 2019

Facebook Temporarily Removed Elizabeth Warren Ads Urging Breakup Of Tech Giants

The company said the ads were removed from its platform because they violated a policy on the use of the Facebook logo, not because the ads called for the break-up of Facebook, Amazon , and Google . "We rem...More..

Tesla Changes Its Mind Over Store Closures, Raises Prices By 3%
by | Tuesday, March 12, 2019

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

On Sunday, Tesla changed course on previously announced plans to shift toward online-only sales, announcing it would keep "significantly more stores open". Cost savings from store closures will now be only ab...More..

Brexit reaches 'deadlock' before crucial vote on deal
by | Tuesday, March 12, 2019

Brexit reaches 'deadlock' before crucial vote on deal

It is understood this would be a legally binding interpretation of the Withdrawal Agreement , but it would not alter the text of the agreement. MPs across the political spectrum believe the "backstop" does n...More..

189 passengers use slides to get off smoking plane at Newark Airport
by | Tuesday, March 12, 2019

189 passengers use slides to get off smoking plane at Newark Airport

Passengers were evacuated onto the runway via emergency slides, said airline spokeswoman Debbie Cabana. Passengers were then taken by bus to the terminal. Coleman said crews were had to get the plane off the ru...More..

Nvidia nears deal to acquire Mellanox Technologies
by | Tuesday, March 12, 2019

Nvidia nears deal to acquire Mellanox Technologies

Starting off the week bright and early, NVIDIA this morning announced that they're acquiring datacenter networking and interconnect Mellanox. Nvidia gets more revenue diversification and data center sal...More..

Tesla says it'll keep more stores open and raise vehicle prices
by | Monday, March 11, 2019

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

But that wasn't the only surprise. Musk on February 19 tweeted to his more than 24 million Twitter followers that Tesla would make around 500,000 cars in 2019. The price rises, which will come into effect o...More..

Australia watchdog suspends two cryptocurrency exchanges for drug offences
by | Monday, March 11, 2019

Australia watchdog suspends two cryptocurrency exchanges for drug offences

It was the first such suspension by the Australian Transaction Reports and Analysis Centre, or AUSTRAC , since new legislation in April 2018 brought digital currency exchanges under its umbrella to ensure ...More..

Philadelphia bans cashless stores; will New York City do it next?
by | Monday, March 11, 2019

Philadelphia bans cashless stores; will New York City do it next?

Siding with the critics, Philadelphia Mayor Jim Kenney signed a motion last week banning stores in the city from enacting a cashless service. As reported , if you want to start a business that only accepts...More..

UBS Downgraded Rio Tinto (NYSE:RIO)'s Rating From
by | Monday, March 11, 2019

UBS Downgraded Rio Tinto (NYSE:RIO)'s Rating From "Buy" To "Neutral".

In total 3 analysts cover Rio Tinto (NYSE: RIO ). The earnings growth rate for the next years is an important measure for investors planning to hold onto a stock for several years. The Value Composite One (VC...More..

Norway sovereign wealth fund, the world's biggest, to dump oil and gas
by | Monday, March 11, 2019

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

The country's sovereign wealth fund was built up using wealth from Norway's hydrocarbon production, and as of past year had around $37bn invested in oil and gas stocks. The Ministry of Finance will ask No...More..

Job creation stalls in February as unemployment falls and wages rise
by | Monday, March 11, 2019

Job creation stalls in February as unemployment falls and wages rise

Employers added just 20K new jobs in February. But after the unusually dramatic swing in the critical monthly data, economists - whose forecasts missed badly - hastened to say that underlying employment tre...More..

'Ka-boom': Canadian economy pumps out 56,000 new jobs
by | Monday, March 11, 2019

'Ka-boom': Canadian economy pumps out 56,000 new jobs

Canada even beat the disappointing U.S. February tally of 20,000 - for the first month in more than 8 years. Analysts had forecast February job numbers to be flat in Canada. It's a key reason why the Bank of ...More..

Should Man's Ex-Wife Get Some of His $273 Million Lotto Winnings?
by | Sunday, March 10, 2019

Should Man's Ex-Wife Get Some of His $273 Million Lotto Winnings?

At a press conference, Weirsky said he heard from his ex-wife. And she's been paying him support. "I was very thankful there was an honest person out there because I thought it was gone", he said. And while h...More..

Tesla gets $708m in loans for first factory in China
by | Sunday, March 10, 2019

Tesla gets $708m in loans for first factory in China

Tesla chief executive Elon Musk was in China in January for the groundbreaking of the factory, where he said he planned to approach local banks for the money to get the plant built and into production. T...More..

The Bank of Canada March 2019 rate statement
by | Sunday, March 10, 2019

The Bank of Canada March 2019 rate statement

Consequently, the bank found the economy in the first half of 2019 to be weaker than originally forecast. "It will take time to gauge the persistence of below-potential growth", said the BoC in its March 6 pr...More..

Thirty injured as turbulence hits Turkish Airlines flight to NY
by | Sunday, March 10, 2019

Thirty injured as turbulence hits Turkish Airlines flight to NY

Turkish Airlines Flight 001 landed safely at JFK at 5:30 p.m. Saturday after the turbulence occurred, authorities said. The injured were taken from New York's John F Kennedy International Airport to local h...More..