Economy

General Motors starting white-collar layoffs this week

General Motors starting white-collar layoffs this week

Catharines Propulsion Plant - would be impacted. As federal workers across the country struggle to regain traction after the government shutdown, General Motors workers are bracing for layoffs set...

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Prime Minister could be preparing for a general election in June

Prime Minister could be preparing for a general election in June

In an article published by The Telegraph on Sunday, UK Prime Minister Theresa May signalled her readiness to return to negotiations with Brussels to "battle for Britain and Northern Ireland". On Mon...

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Foxconn U-turns on $10bn Wisconsin factory after call with Trump

Foxconn U-turns on $10bn Wisconsin factory after call with Trump

How a Foxconn factory in Wisconsin takes shape depends on what day of the week it is. Speaking to thousands of Foxconn employees at a Lunar New Year celebration in Taipei yesterday, Gou said inves...

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USA employers added 304,000 jobs in January, soaring past expectations

USA employers added 304,000 jobs in January, soaring past expectations

Private economists had expected an increase of about 170,000 jobs and the unemployment rate to be unchanged. The government also said the unemployment rate rose to 4 percent from 3.9 percent, but ...

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FDI shock for Flipkart, Amazon as govt says no to deadline extension

FDI shock for Flipkart, Amazon as govt says no to deadline extension

The wait period for Echo speakers is now running anywhere between a fortnight to over a month. "The company has no choice, they are fulfilling a compliance requirement, and the customers will suffer"....

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Natural gas shortage ends, auto plants to resume production

Natural gas shortage ends, auto plants to resume production

Gov. Gretchen Whitmer issued a public statement later Wednesday evening urging everyone in MI to turn down their thermostats to 65 degrees until midday on Friday, when temperatures are expected to w...

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Bankruptcy judge to hear PG&E motions on Thursday

Bankruptcy judge to hear PG&E motions on Thursday

PG&E said January 22 it expects the bankruptcy to take about two years to resolve and arranged $5.5 billion to fund its operations during the process. PG&E crew work on power lines to fix damage cau...

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Apple worker charged with stealing self-driving-car secrets for China

Apple worker charged with stealing self-driving-car secrets for China

Apparently, Apple began investigating Chen when another employee spotted him taking pictures "in a sensitive work space". Chen told Apple he downloaded his work computer to a personal computer as ...

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Tesla CFO leaves as automaker promises profits and cheaper cars

Tesla CFO leaves as automaker promises profits and cheaper cars

Thursday, however, with the stock down about 1.5% in the first trading session-broader USA indexes were mixed-after the company's latest quarterly earnings announcement, investors appeared not to be l...

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Facebook profits hit record high (despite year of scandals)

Facebook profits hit record high (despite year of scandals)

As of December 2018, Facebook daily active user base was over 1.52 billion, according to the report. Morgan Stanley grew its holdings in shares of Facebook by 3.2% during the 3rd quarter. As a gro...

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Amazon sales outlook falls short after record holiday quarter

Amazon sales outlook falls short after record holiday quarter

Olsavsky said on a call with analysts that he expects company spending on things like warehouse space and employees to increase this year after Amazon slowed down its capital spending in 2018. Sales a...

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Local Wisconsin officials reassured by Foxconn

Local Wisconsin officials reassured by Foxconn

Foxconn " said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised ", a Reuters report said, based on an interview with Loui...

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VW Reviving The Classic Beach Buggy As An Electric Concept

VW Reviving The Classic Beach Buggy As An Electric Concept

The chassis is a kind-of skateboard that contains the motors and batteries, freeing up passenger space and theoretically enabling VW to stick basically any body they like on top of it, everything from...

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Interest Rates to Remain Steady for Now, Fed Says

Interest Rates to Remain Steady for Now, Fed Says

Bond prices fell. The yield on the 10-year Treasury rose to 2.73 percent. The S&P 500 index added 1.6 percent, while Nasdaq Composite climbed 2.2 percent. The Fed raised rates four times last year i...

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High stakes trade negotiations between China and United States underway

High stakes trade negotiations between China and United States underway

The talks in Washington are expected to be tense, with little indication so far that Chinese officials are willing to address core United States demands to fully protect American intellectual pr...

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Tesla posts higher earnings but still falls short

Tesla posts higher earnings but still falls short

For the full year, Tesla also made a loss of $976.09 million. This will reduce the costs of producing the Model Y , says Musk - further working towards the EV maker's goal to produce EVs at an affo...

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Ghosn: charges a 'plot' by Nissan execs to halt Renault merger

Ghosn: charges a 'plot' by Nissan execs to halt Renault merger

The spectacular fall of Mr Ghosn and the speed at which Nissan chief executive Hiroto Saikawa turned on his mentor raised speculation by French and Japanese media of an orchestrated coup to remove him...

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Unemployment in India is at its highest in 45 years

Unemployment in India is at its highest in 45 years

A report in Business Standard had said that the National Sample Survey Office's Periodic Labour Force Survey recorded the unemployment rate in India at a 45-year-high of 6.1% in 2017-'18. To compa...

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China's Huawei denies criminal charges brought by US

China's Huawei denies criminal charges brought by US

Meng, 46, has been charged with multiple counts of bank fraud, wire fraud, and conspiracies to commit bank and wire fraud, by allegedly busting the aforementioned USA sanctions by conducting busines...

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Russian contracts to be revised if Maduro is ousted, predicts analyst

Russian contracts to be revised if Maduro is ousted, predicts analyst

The US imposed sanctions on Venezuela's state oil company PDVSA on Monday in an attempt to cut off a vital source of funds propping up Maduro's government. "We're working to bring in humanitarian ai...

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United States lifts sanctions from Rusal, En+, EuroSibEnergo

United States lifts sanctions from Rusal, En+, EuroSibEnergo

Rusal, EN+ Group Plc and EuroSibEnergo JSC have "reduced Oleg Deripaska's direct and indirect shareholding stake . and severed his control", the Treasury's Office of Foreign Assets Control (OFAC) ...

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Caterpillar 4th-qtr profit misses estimate, shares drop 6 pct

Caterpillar 4th-qtr profit misses estimate, shares drop 6 pct

Caterpillar expects full-year profits of $11.75 to $12.75 a share, compared to analysts' anticipated guidance of $12.72 per share, and said its outlook assumes "modest" sales growth. Whirlpool Corp c...

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Tyson Foods Recalls 36,000+ Pounds Of Chicken Nuggets That May Contain Rubber

Tyson Foods Recalls 36,000+ Pounds Of Chicken Nuggets That May Contain Rubber

The recall includes chicken nuggets purchased since November 26, 2018 with a best by date of November 26, 2019 and a UPC of 0 23700 03558 5. These items were shipped to retail locations nationwide. "F...

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Hundreds missing after dam collapse covers Brumadinho, Brazil, in mud

Hundreds missing after dam collapse covers Brumadinho, Brazil, in mud

An aerial view shows a collapsed bridge caused by flooding triggered by a dam collapse near Brumadinho , Brazil , Friday, Jan. 25, 2019. BRASILIA, Jan 29 - Brazil has almost 4,000 dams that ar...

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For U.S.-China trade talks, hopes are high, expectations low

For U.S.-China trade talks, hopes are high, expectations low

Trump has said he believes China will strike a deal with the United States , partly because, he says, it has to because of the damage being done to its economy by the $US200 billion of tariffs on i...

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USPS says Kansas mail delivery will happen Wednesday

USPS says Kansas mail delivery will happen Wednesday

Postal Service has suspended mail service Wednesday and Thursday throughout MI. Delivery is suspended on Wednesday, January 30 for zip codes that begin with 530, 531, and 532. After changing course ...

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Court bars Venezuela opposition leader from leaving nation

Court bars Venezuela opposition leader from leaving nation

Venezuela's attorney general asked the Supreme Court on Tuesday to bar Juan Guaido , the self-proclaimed acting president and opposition leader, from leaving the country and to freeze his assets. On ...

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Porsche Taycan to come with free public charging in the US

Porsche Taycan to come with free public charging in the US

Porsche has reportedly partnered with Electrify America and Taycan customers will have access to 300 highway fast-charging stations, which could have at least two 350 kW chargers. With I-Pace deliv...

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US Warns Venezuela of 'Significant Response'

US Warns Venezuela of 'Significant Response'

Guaido has been recognised as Venezuela's interim president by the US, Canada , Israel, Georgia, Albania and a handful of Latin American countries, including Colombia, Chile, Peru , Brazil, Guatem...

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European Union official lambasts Britain's handling of Brexit

European Union official lambasts Britain's handling of Brexit

In a change to previously announced plans, she will address MPs at the start of debate on a series of proposed amendments to the deal, urging them to back proposals from Sir Brady to replace the backs...

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