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Uber losses top $1bn in first quarter

Uber losses top $1bn in first quarter

Looking forward, the company expected to see adjusted net revenues to grow sequentially in the next quarter and for growth rates to continue to accelerate over the year. On an operating basis, Uber's ...

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Trump says United States doing well in trade talks with China

Trump says United States doing well in trade talks with China

And after talks broke down earlier this month, he said his tough strategy is working. "China would love to make a deal with us". We had a deal, they broke the deal. "China is becoming a very weakened ...

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China's Top Regulator Not Too Worried About Trade War Impact on Economy

China's Top Regulator Not Too Worried About Trade War Impact on Economy

Speaking at a Beijing finance forum on Monday, the head of the China Banking and Insurance Regulatory Commission (CBIRC ) said that he does not anticipate a persistent and long-term decline in the cu...

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Trump hitting Mexico with 5% tariff in response to migrants

Trump hitting Mexico with 5% tariff in response to migrants

The International Emergency Economic Powers Act of 1977 permits tariffs to be levied in the event of a national emergency originating from a foreign source. The announcement comes as the administratio...

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1,000 Family Dollar locations to sell alcohol to boost sagging sales

1,000 Family Dollar locations to sell alcohol to boost sagging sales

In a normal year, USA Today reported, the chain would close about 75 stores. The chain plans to re-brand about 200 Family Dollar stores as "Dollar Tree" locations. Those items are under the new Do...

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Sprint Launches Mobile 5G Network in 4 Markets

Sprint is also focusing on its 5G footprint: 600 square miles in the Dallas-Fort Worth area alone. Atlanta: Sprint 5G covers approximately 150 square miles and 565,000 people from downtown to D...

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Ferrari SF90 Stradale PHEV has almost 1000hp

Ferrari SF90 Stradale PHEV has almost 1000hp

Ferrari wrote "The new auto is epoch-changing from a stylistic perspective as it completely rewrites the mid-rear-engined sports berlinetta proportions introduced on the 360 Modena twenty years ago,...

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China has stopped buying United States soybeans during ongoing trade dispute

China is reportedly putting purchases of USA soybeans on hold amid the growing trade war with the US, according to a report from Bloomberg News. However, Beijing is not going to cancel previous orde...

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Entire Sports Illustrated Brand Sold For $110M

Entire Sports Illustrated Brand Sold For $110M

Meredith had acquired Sports Illustrated when it bought Time Inc. for $2.8 billion a year ago. Meanwhile, Meredith will pay ABG a licensing fee to operate the Sports Illustrated print magazine a...

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Boots may shut up to 200 United Kingdom shops

Boots may shut up to 200 United Kingdom shops

The pharmacy and beauty chain, owned by U.S. group Walgreens, is examining about 200 closures as it also races to adapt to fewer people passing through its doors amid the rise of online shopping. WBA ...

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U.S. rebrands fossil fuels as 'molecules of freedom'

U.S. rebrands fossil fuels as 'molecules of freedom'

However, the government department raised eyebrows with its use of peculiar terminology, namely its reference to natural gas as " freedom gas " and "molecules of USA freedom". According to the US Ene...

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Mecca hosting three summits focused on Iran tensions

Mecca hosting three summits focused on Iran tensions

The visitors are given detailed briefing about the exhibits in various languages by Mohammed Saeed Al-Jaber, Saudi ambassador to Yemen and executive director of Yemen Development and Reconstruction Ce...

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Canadian Natural Resources buys Devon's Canada unit for $2.8 billion

Canadian Natural Resources buys Devon's Canada unit for $2.8 billion

Devon Canada has capacity to produced 128,000 barrels per day - including 108,000 in the oil sands and 20,000 b/d of conventional heavy oil - though that has been shaved to 122,800 b/d due to current ...

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Huawei asks USA court to declare blacklist unconstitutional

Huawei asks USA court to declare blacklist unconstitutional

Yahoo Finance's Jessica Smith breaks down the lawsuit and how it plays into the ongoing USA trade war with China. According to latest Gartner numbers, global smartphone shipment slipped 2.7% YoY...

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China threatens to limit rare earths exports in warning over trade war

China threatens to limit rare earths exports in warning over trade war

WASHINGTON-China may take the drastic step of restricting exports of rare-earth elements to strike back at the United States, as the trade war between the world's two biggest economies continues to in...

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Uber to deactivate riders with significantly below average ratings

Uber to deactivate riders with significantly below average ratings

Riders at risk for deactivation will get several notifications and chances to improve their rating before being kicked off. To keep those ratings up, Parker suggested riders avoid leaving trash in t...

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Citi, JPMorgan, UBS face FX cartel suit in Australia

Citi, JPMorgan, UBS face FX cartel suit in Australia

UBS AG, Barclays Bank Plc, Citigroup Inc, Royal Bank of Scotland Group Plc and JP Morgan AG are accused, according to Australian court documents, of colluding to increase the price clients paid for ce...

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Upbeat Bank of Canada Pours Cold Water on Rate Cut Speculation

Upbeat Bank of Canada Pours Cold Water on Rate Cut Speculation

But by October, the market is anticipating nearly a 50 per cent chance of a rate cut. "The bank is saying: I am not cutting, read my lips". "Overall, recent data have reinforced [the bank's] view th...

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British Columbia will be first Canadian province to switch patients to biosimilars

British Columbia will be first Canadian province to switch patients to biosimilars

Dix said biologics are the single biggest expense for public drug plans. In 2018, B.C. spent $125 million on three biologic drugs - Lantus , Enbrel and Remicade - that treat chronic conditions in...

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Oil prices drop as trade war worries outweigh supply disruptions

Oil prices drop as trade war worries outweigh supply disruptions

Both are on track for monthly declines. Loup Ventures managing director Gene Munster discusses how the U.S. In a sign of escalating tensions between the world's two biggest economies, China signal...

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Alibaba considers second listing in Hong Kong to raise $20B

Alibaba considers second listing in Hong Kong to raise $20B

Alibaba aims to file a listing application in Hong Kong confidentially as early as the second half of 2019, the people said. Before hitting New York Stock Exchange, Alibaba was refused to be li...

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Petrol price SHOCK - Longest streak of cost increases for three years

Petrol price SHOCK - Longest streak of cost increases for three years

At this stage it remains very unclear how the fuel price situation will unfold in the coming months as any number of current issues could impact oil prices in the second half of 2019, the AA warns, wi...

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Matteo Salvini goads European Union with vow for Italy to defy budget rules

Matteo Salvini goads European Union with vow for Italy to defy budget rules

Italy will have to reply by Friday. Giuseppe De Arcangelis, a professor of global economics at Rome's La Sapienza University, said it was not a coincidence that the European Commission waited until ...

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Amazon is reportedly on the hunt for Manhattan office space

Amazon is reportedly on the hunt for Manhattan office space

The speculation about Amazon's new office space comes just months after they dropped plans in February to build a headquarters in nearby Long Island City. "No one is going to have that same impact in ...

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Huawei’s own ‘Ark’ OS to replace Android won’t be ready till 2020

Huawei’s own ‘Ark’ OS to replace Android won’t be ready till 2020

Later on, the name of the operating system was announced to be Hongmeng. Earlier today, a rumor originating with TechRadar suggested that the release of the so-called Huawei OS - the company's ...

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Baoshang Bank seized by China's financial regulators over severe credit risk

Baoshang Bank seized by China's financial regulators over severe credit risk

View of a branch of Baoshang Bank in Huaibei, East China's Anhui province, March 24, 2018. "Depositors can take out money freely and smoothly", it said. The central bank also said it would guarantee...

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Bruised Aussie opposition set to anoint Anthony Albanese as new leader

Bruised Aussie opposition set to anoint Anthony Albanese as new leader

Mr Albanese said he would be a "consultative" leader as he name-dropped former Labor prime ministers including Kevin Rudd, Julia Gillard and Paul Keating, all of whom Mr Albanese said he had spoken to...

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Computer technical issue affecting Air Canada passengers

Computer technical issue affecting Air Canada passengers

Air Canada urged travellers to check the status of their flight before heading to the airport and apologized for the inconvenience. Mah said the root cause of the outage is being investigated. The ...

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USA removes India from its currency monitoring list; China, Japan stay

USA removes India from its currency monitoring list; China, Japan stay

Treasury Secretary Steven Mnuchin said his agency "takes seriously any potentially unfair currency practices", and "is working vigorously to achieve stronger growth and to ensure that trade expands in...

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Singapore added to USA monitoring list on currencies

Singapore added to USA monitoring list on currencies

Treasury's "Monitoring List" of major trading partners that merit close attention to their currency practices: "China, Germany, Ireland, Italy, Japan, Korea, Malaysia, Singapore, and Vietnam ". MAS re...

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