Economy

Passenger carried gun onto global Delta flight from Atlanta, report says

Passenger carried gun onto global Delta flight from Atlanta, report says

Hartsfield-Jackson, the busiest airport in the world, reported the long lines on its website Monday morning, showing the long waits at all three checkpoints in the domestic terminal. Miami Internat...

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Cadillac just revealed the design of its first EV

Cadillac just revealed the design of its first EV

DETROIT - Cadillac furthered its recent product blitz today with the reveal of the brand's first EV. The key will be GM's modular EV platform, which the automaker refers to as BEV3. The second is...

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PG&E to File for Bankruptcy Amid Mounting Liabilities from CA Wildfires

PG&E to File for Bankruptcy Amid Mounting Liabilities from CA Wildfires

Reuters reported January 7 that the company was looking into filing for bankruptcy protection. Meanwhile, the federal judge overseeing PG&E's criminal probation sentence - the result of the deadly ...

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Global PC shipments resume slide in fourth quarter

Global PC shipments resume slide in fourth quarter

Just when the PC market found its footing the us trade war with China and processor shortages put the kibosh on unit sales, according to stats from both IDC and Gartner. Lenovo, on the other han...

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Prosecutors file 2 new charges against ex-Nissan chief Ghosn

Prosecutors file 2 new charges against ex-Nissan chief Ghosn

The twists and turns of the Ghosn case have riveted Japan and the business world and more than 1,000 people queued up from the early hours to get one of only 14 seats in the public gallery on Tuesday....

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Tesla to retire these versions of Model S, X vehicles

Tesla to retire these versions of Model S, X vehicles

Tesla Motors chief executive Elon Musk dined at a hotpot restaurant in Beijing, a day after he received an offer of permanent Chinese residency from Premier Li Keqiang. 'We think with the resources...

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Saudi Firm Predicts Oil Price to Hit $70 by Summer

Saudi Firm Predicts Oil Price to Hit $70 by Summer

The Saudi minister is also likely to sign an MoU on the minerals development in Baluchistan. It answers a key question for potential investors in the planned share sale of Saudi Aramco, the state-ow...

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Miami airport terminal closing early as screeners call in sick

Miami airport terminal closing early as screeners call in sick

Union officials said some TSA officers have already quit because of the shutdown and many are considering quitting. "I'm dedicated to TSA's mission, and we all still have a job to do", Smith said. S...

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US, China leave future of trade talks unclear

US, China leave future of trade talks unclear

U.S. Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney is chased by journalists as he walks into a hotel after a second day of meetings with Chinese officials in Beijing , Tuesda...

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Three Apple iPhone coming this year with triple camera setup

Three Apple iPhone coming this year with triple camera setup

Apple has reportedly made a decision to stick with the LCD display on the XR until it brings out a new line in 2020, forsaking the OLED screens it reserves for its higher-end models. This rumor isn't ...

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GM workers stage another sit-in at Oshawa plant

GM workers stage another sit-in at Oshawa plant

Dias said the meeting further confirmed for him how GM's executives based the plant closure decisions exclusively on "corporate greed" by moving production to Mexico where he said the company's employ...

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USA official warns of recession risk if interest rates go much higher

USA official warns of recession risk if interest rates go much higher

Powell's second appearance in less than a week generated a subdued response in financial markets, a sign he may have found his footing in how to describe central bank policy without surprising investo...

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Samsung Earnings Tumble With Memory, Smartphone Demand

Samsung Earnings Tumble With Memory, Smartphone Demand

Its memory and processor chips account for over three-quarters of overall profit and about 38 percent of sales . Samsung, due to publish preliminary fourth-quarter results on January 8, is expect...

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Rare penny from school lunch change up for auction

Rare penny from school lunch change up for auction

Back in 1947, a 16-year-old MA teenager, Don Lutes Jr, held out his hand at the school cafeteria for change after paying for his meal. The Mint initially denied Lutes' claim that he had a 1943 cop...

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US Says China Willing to Buy More American as Trade Talks End

US Says China Willing to Buy More American as Trade Talks End

But aside from some soybean purchases, there has been little sign of big-ticket acquisitions. Trump has complained repeatedly about the US trade deficit with China, which a year ago likely exceeded th...

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Oil prices climb amid US-China trade talk hopes

Oil prices climb amid US-China trade talk hopes

These include expanded Chinese purchases of American products, greater protections for USA intellectual property, constraints on Chinese industrial policy, and enforcement and verification of follow...

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Parent company of Sears, Kmart prepares for possible liquidation

Parent company of Sears, Kmart prepares for possible liquidation

The demise of the Big Store Lampert in 2002 bought Kmart debt as the discount retailer entered Chapter 11 bankruptcy protection, and at the same time purchased Sears shares. Lampert and his hedge fun...

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Oil prices extend longest rally in 17 months as supplies seen tighter

Oil prices extend longest rally in 17 months as supplies seen tighter

China and the US agreed to a ceasefire in their trade war at the G20 summit in Argentina at the end of November 2018 after high-level talks between US President Donald Trump and Chinese President X...

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Top China Trade Official Makes Surprise Stop at U.S. Trade Meetings

Top China Trade Official Makes Surprise Stop at U.S. Trade Meetings

Still, talks between the world's two biggest economies have repeatedly yielded no breakthroughs since they started in May, and Beijing has repeatedly said it won't cave to USA demands. He and Chinese ...

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Hyundai Elevate Walking Car Project Showcased At CES 2019

Hyundai Elevate Walking Car Project Showcased At CES 2019

This gives the Elevate omni-directional mobility capabilities and Hyundai claims that it can tackle all terrains seamlessly while adapting to varied degrees of difficulty on the fly. In a statement,...

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Heathrow Airport suspends all flights due to 'drone sighting' - latest updates

Heathrow Airport suspends all flights due to 'drone sighting' - latest updates

We apologise to passengers for any inconvenience this may cause", it said. Scotland Yard said it "received reports of a sighting of a drone in the vicinity of Heathrow airport" at about 5.05pm. Th...

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Sidestepping trade war, Musk breaks ground on Tesla Shanghai plant

Sidestepping trade war, Musk breaks ground on Tesla Shanghai plant

The Shanghai Gigafactory is significant not just because it's Tesla's first fully owned factory in China, but because it is the first wholly foreign-owned auto plant of any overseas vehicle manufa...

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United States payrolls rose by 312000 in December as wage gains exceed forecasts

United States payrolls rose by 312000 in December as wage gains exceed forecasts

The unemployment rate rose to 3.9% as more people were looking for work. In December, private sector workers (excluding farmworkers) got an average 11-cent hourly raise, adding up to an average ho...

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California utility assessing finances amid wildfire links | AP business

California utility assessing finances amid wildfire links | AP business

In weighing a bankruptcy filing, PG&E Corp. officials - whether intentionally or not - are putting the pressure on California legislators to bail them out. "You can't trust what they say", said Hill...

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December Jobs Report: 312,000 Jobs Added, Unemployment Slightly Rises

December Jobs Report: 312,000 Jobs Added, Unemployment Slightly Rises

The December jobs gain pushed total US employment above 150 million jobs for the first time. "This will be good news for otherwise depressed sentiment in the financial markets", said Sung Won Sohn...

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Trump heads to Camp David as shutdown enters third week

Trump heads to Camp David as shutdown enters third week

With the impasse over Trump's demand for border-wall funding dragging into a third week, the president's zigzag tactics and messaging have angered Democrats and frustrated even some Republicans stru...

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U.S. negotiators in Beijing for trade war talks

U.S. negotiators in Beijing for trade war talks

US President Donald Trump is likely to hold talks with Chinese Vice President Wang Qishan (王岐山) at the World Economic Forum this month, the South China Morning Post reported on Saturday, citing a pe...

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Apple iPhone XI to come with three cameras on back

Apple iPhone XI to come with three cameras on back

The array is not too dissimilar to what can be found on the Huawei Mate 20 Pro , but the lenses aren't lined up in a square format but instead make an interesting triangular formation. We're just not...

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Elon Musk to break ground for $5bn Tesla factory in China

Elon Musk to break ground for $5bn Tesla factory in China

He signed a preliminary agreement with the Shanghai government to build a Tesla Gigafactory in China. The billionaire-entrepreneur is facing a vehicle market that probably shrank previous year for...

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China slashes banks' reserve requirements again as growth slows

China slashes banks' reserve requirements again as growth slows

China will likely cut reserve requirement ratios (RRR) again this month and improve credit conditions ahead of the annual Lunar New Year in China which will result in a tightening of liquidity. "We w...

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