Amazon testing cashierless checkout technology at large stores

Wall Street Journal sources indicate that Amazon is now operating its vision system in a space setup "like a big store" in the Seattle area. According to sources who spoke to the news outlet, Amazon is testing its technology at a space in Seattle,... More..

by | Published more than a month ago
by | Tuesday, December 04, 2018

The nation honors George H.W. Bush

Houston is honoring George H.W. Bush with a City Hall tribute and urging people who attend to dress in colorful socks, a nod to one of the former president's favorite fashion accessories. After Bush's casket'...More..

by | Monday, December 03, 2018

Imperial Oil slams Notley's cuts as 'negative message to investors'

She says the glut in reserves driving down prices for Canadian oil to bargain-basement levels needs to be addressed before producers begin taking more drastic steps such as slashing capital projects or laying o...More..

USA agrees to suspend new China tariffs for 90 days
by | Monday, December 03, 2018

USA agrees to suspend new China tariffs for 90 days

Just $5 a month. Both sides have imposed tariffs on billions of dollars' worth of goods. Before Trump met his Chinese counterpart, Xi Jinping, the USA had been scheduled to increase tariffs on $200 bill...More..

Qatar to quit OPEC in 2019: energy minister
by | Monday, December 03, 2018

Qatar to quit OPEC in 2019: energy minister

Saad al-Kaabi, the country's energy minister, told a news conference: " Qatar has chose to withdraw its membership from Opec effective January 2019 and this decision was communicated to Opec this morning". Qat...More..

Mike Lynch rejects fraud charge as 'meritless'
by | Monday, December 03, 2018

Mike Lynch rejects fraud charge as 'meritless'

The charges filed in a court in San Francisco carry a maximum penalty of 20 years in prison and include 14 counts of conspiracy and fraud. Software giant Autonomy was seen as a runaway British success sto...More..

Putin says Russia, Saudi agree to renew oil output cuts
by | Sunday, December 02, 2018

Putin says Russia, Saudi agree to renew oil output cuts

Saudi Arabia in particular faces a hard choice: whether to cut production and support prices that have fallen to $50 a barrel, at the risk of angering U.S. "Moreover, demand-driven worries due to trade wars mi...More..

Stocks Surge Most Since March on Dovish Fed Signal: Markets Wrap
by | Sunday, December 02, 2018

Stocks Surge Most Since March on Dovish Fed Signal: Markets Wrap

The fear of higher USA interest rates - fuelled by a surging economy - has been a key driver of a global equity sell-off over the past few months, while the dollar has soared as traders put cash into the Unit...More..

DJ Khaled Forced to Pay $152,725 for Role in Cryptocurrency Scheme
by | Sunday, December 02, 2018

DJ Khaled Forced to Pay $152,725 for Role in Cryptocurrency Scheme

The coin's founders were arrested in April on charges of securities and wire fraud, and today, Khaled himself agreed to pay a large sum for his role in the scheme. The SEC issued a warning regarding paid ...More..

German police raid Deutsche Bank over suspected money laundering
by | Sunday, December 02, 2018

German police raid Deutsche Bank over suspected money laundering

Deutsche Bank has come under increased scrutiny for lax anti-money laundering mechanisms. German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money la...More..

China, US agree no new tariffs after Jan 1: Chinese media
by | Sunday, December 02, 2018

China, US agree no new tariffs after Jan 1: Chinese media

According to Sanders, Xi agreed that China would purchase "a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trad...More..

Economists, Wall Street split on Fed signals
by | Sunday, December 02, 2018

Economists, Wall Street split on Fed signals

Some policymakers agreed with the idea of further rate increases, but also "expressed uncertainty about the timing". "The environment of rising interest rates that we've seen this year has created a lot of pr...More..

Nissan reveals Leaf Nismo RC race auto that won't actually race
by | Sunday, December 02, 2018

Nissan reveals Leaf Nismo RC race auto that won't actually race

At the annual Nismo Festival at Fuji International Speedway on December 2, the Leaf Nismo RC racer will debut alongside the Formula E racecar that now in its most advanced generation yet. The car's three-piec...More..

Trump auto tariff threats may hit U.S. consumers' pockets
by | Saturday, December 01, 2018

Trump auto tariff threats may hit U.S. consumers' pockets

The United States now has a 2.5 percent tariff on imported cars and sport utility vehicles from markets outside North America and South Korea. The US President tweeted that tariffs were "being studied" and ...More..

Trump signs new trade deal with Canada and Mexico
by | Saturday, December 01, 2018

Trump signs new trade deal with Canada and Mexico

The administration will need Democratic support too, as the party takes control of the House next year. He also said, "the task isn't done, more hard work is ahead". "Make no mistake, we will stand up for our...More..

Fed likely to raise rates in December but concerns mounting: minutes
by | Saturday, December 01, 2018

Fed likely to raise rates in December but concerns mounting: minutes

Powell in his remarks Wednesday also raised the importance of policymakers staying flexible in charting a path of policy given that the effects of rate hikes show up with a lag - a point that was reinforced i...More..

by | Friday, November 30, 2018

Powell's 'just below' comment seen as suggesting fewer rate hikes

Speaking to the Economic Club of NY, the chairman also suggested that interest rates appear to be just below the level the Fed calls "neutral", where they are thought to neither stimulate growth nor impede ...More..

Crude Market: Oil dips below $50 on output doubts
by | Friday, November 30, 2018

Crude Market: Oil dips below $50 on output doubts

Brent crude slid early to another 2018 low below $58 a barrel. Oil briefly plunged below $50 on Thursday amid fears of an emerging supply glut, before reversing course after Reuters, citing unnamed industry ...More..

by | Friday, November 30, 2018

Donald Trump signs USMCA with Mexico and Canada at G-20

President Donald Trump has tried to claim renegotiating the North American Free Trade Agreement as a monumental achievement of his administration, but Canadian Prime Minister Justin Trudeau coldly undermine...More..

Canada on track for Friday signing of USMCA once details finalized: Freeland
by | Friday, November 30, 2018

Canada on track for Friday signing of USMCA once details finalized: Freeland

President Donald Trump and Mexico's outgoing President Enrique Pena Nieto on the sidelines of the highly-anticipated G20 summit in Buenos Aires before the new trade pact was officially signed. American dairy ...More..

Luckie: 'Facebook has a black people problem'
by | Friday, November 30, 2018

Luckie: 'Facebook has a black people problem'

He also said that he had heard "far too many many stories from black employees of a colleague or manager calling them "hostile" or "aggressive" for simply sharing their thoughts in a manner not dissimilar from ...More..

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors
by | Friday, November 30, 2018

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

In an interview with the Washington Post this week Trump said he was "not even a little bit happy" with his selection for Fed chair. Powell's words appeared to signal that while the Fed may raise interest r...More..

Scottish Parliament to formally oppose Theresa May’s Brexit deal
by | Friday, November 30, 2018

Scottish Parliament to formally oppose Theresa May’s Brexit deal

The prime minister is refusing to budge on her deal despite the prospect of a landslide defeat next week . The Liberal Democrats said it had written to the director general of the BBC, questioning the legalit...More..

Trump raises prospect of import vehicle tariff after GM cutback plan
by | Friday, November 30, 2018

Trump raises prospect of import vehicle tariff after GM cutback plan

In doing so, though, the president repeated his frequent false claim that steel plants are opening all over the country. "It's very unusual for federal policy to single out one company for different treatment...More..

China-US Spat Now Poses Global Threat: Australian Leader
by | Friday, November 30, 2018

China-US Spat Now Poses Global Threat: Australian Leader

The negotiations are "very, very hard", the official told Reuters. He spoke as he was leaving the White House to head to Argentina for a meeting of the Group of 20 nations, where he will meet with Chinese ...More..

Microsoft Becomes Most Valuable US Company Amid Apple’s Declining Share Price
by | Friday, November 30, 2018

Microsoft Becomes Most Valuable US Company Amid Apple’s Declining Share Price

It is anticipated to bring home a profit of nearly 8.8 billion dollars in the first quarter of the new year 2019. As per Business Insider , the move was a surprising one as less than two months ago Microsoft...More..

Deutsche Bank DBK share price falls as offices raided by police
by | Thursday, November 29, 2018

Deutsche Bank DBK share price falls as offices raided by police

Two employees and several "unidentified people in positions of authority" are suspected of failing to report the laundering of more than $350 million which were kept by the bank in accounts located in the Bri...More..

Nasdaq To Offer Bitcoin Futures Contract By Q1 2019
by | Thursday, November 29, 2018

Nasdaq To Offer Bitcoin Futures Contract By Q1 2019

In January , Nasdaq CEO Adena Friedman explained that the NY exchange was figuring out how best to distinguish their products from competitors. The Nasdaq futures will have to be based on the price of BT...More..

Brexit: UK economy not ready for no deal, Mark Carney says
by | Thursday, November 29, 2018

Brexit: UK economy not ready for no deal, Mark Carney says

He said it was "felt widely across all parties" that the full legal advice was published, adding: "I really do hope that the motion that was passed will be delivered in full, because we made it very clear on th...More..

GM to close Oshawa plant, leaving 2,800 people out of work
by | Thursday, November 29, 2018

GM to close Oshawa plant, leaving 2,800 people out of work

The assembly plants include the GM factory in Lordstown, Ohio, which makes the Chevrolet Cruze, the Detroit-Hamtramck plant in MI, where the Chevy Volt, the Cadillac CT6 and the Buick LaCrosse are produced, and...More..