Markets

Teslas go farther, Ford and Rivian, Sono production, Colorado fines

Teslas go farther, Ford and Rivian, Sono production, Colorado fines In the US, Ford has shifted its focus to pick-ups and SUVs, and it's now developing an electric version of its hugely popular F-150. Ford offered no details about what kind of vehicle it plans based off of Rivian's technology or when it will arrive. [Full Article...]

Elizabeth Warren Proposes $640 Billion Student Debt Relief

Elizabeth Warren Proposes $640 Billion Student Debt Relief Altogether, it would wipe out all student debt - including both federal and private loans - for more than 75% of Americans with outstanding loans, according to analysis provided by Warren's campaign. Trump following the release of Special Counsel Robert Mueller's report on Russian meddling in the 2016 election. It would establish a matching grant to states that commit to helping students p... [Full Article...]

U.S. Won't Renew Sanction Exemptions For Countries Buying Iran's Oil

U.S. Won't Renew Sanction Exemptions For Countries Buying Iran's Oil U.S. benchmark West Texas Intermediate for May delivery went up another 2.7 percent to $65.70 a barrel by mid-morning in the United States . It earlier touched a high of $65.87, a level not seen since late October. Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore, said the end to sanction waivers "could leave regional [Asian] heavyweights scrambling to find alternativ... [Full Article...]

Tesla spontaneously combusts in Shanghai parking garage

Tesla spontaneously combusts in Shanghai parking garage The video showed smoke rising from a parked, white vehicle and seconds later it bursts into flames . Shares of Tesla were down less than 2 percent at $268.5 in trading before the bell. "Tesla had fire incidents before, but they didn't have a big impact on its reputation in China", said analyst Alan Kang at LMC Automotive. The user tweeted "Good or bad, negative or positive I will post anythin... [Full Article...]

Elizabeth Warren wants to 'cancel' student debt for millions

Many in the growing field of Democratic candidates have proposed reforming the nation's student loan programs, including dramatic restructuring of existing refinancing structures, but Warren appears to be the first to propose flat-out debt cancellation. [Full Article...]

Pinterest climbs in debut after second-biggest US IPO of 2019

Pinterest climbs in debut after second-biggest US IPO of 2019 Since it's one of the year's most anticipated debuts, Pinterest's experience will either soothe or raise investors' concerns over the risk-reward ratio of tech-sector IPOs. That includes software company Zoom, which is also floating an offering that values the company at around $9 billion . Pinterest's founders now own stakes worth millions of pounds. [Full Article...]

Asad Umar Decides to Resign from the Post of Finance Minister

Asad Umar Decides to Resign from the Post of Finance Minister Khan made 10 ministerial appointments, including Sheikh who has already served as finance minister under the opposition Pakistan People's Party when it was in power. Federal Minister for Information and Broadcasting Fawad Chaudhry was given the Science and Technology portfolio which had been without a minister since December a year ago after Azam Khan Swati's resignation. [Full Article...]

Hop over to these places to meet the Easter Bunny this weekend

Hop over to these places to meet the Easter Bunny this weekend There will be prizes aplenty, ample Easter eggs to find, and lots of family-friendly fun, including face painting, balloon twisting and, naturally, a visit from the Easter Bunny during Lynn Valley Life's Easter Egg Hunt , slated to run from 10 a.m.to noon on Monday at Viewlynn Park. [Full Article...]

Car2go: 'Fraud' caused Chicago shutdown, not hacking

Car2go: 'Fraud' caused Chicago shutdown, not hacking While the exact details are hazy, it appears that as-of-yet undetermined individuals fraudulently used the company's app to gain access to Car2Go vehicles and then make their dastardly escape. Daimler stressed the thieves were after cars, and that its service wasn't hacked. The service remains operational outside of Chicago. "No personal or confidential member information has been compromise... [Full Article...]

Russian Federation confirms Putin-Kim talks for 'second half of April'

Russian Federation confirms Putin-Kim talks for 'second half of April' The posturing comes after Kim expressed deep disappointment earlier this month with what North Korea claims were inflexible, "gangster-like" demands by the United States in Hanoi. The dispatch announcing the test was brief, noting the missile has a "peculiar mode of guiding flight" and "a powerful warhead", according to the KCNA . [Full Article...]

India's Jet Airways to suspend all operations after banks reject funding request

India's Jet Airways to suspend all operations after banks reject funding request Jet Airways will stop operations as of the night of April 17. Over the last several weeks and months we have tried every means possible to seek funding, both interim funding as well as long term funding, to keep our operations going, but we were not successful. [Full Article...]

Carl's Jr. testing CBD-infused burger at Denver location

Carl's Jr. testing CBD-infused burger at Denver location Cheeseburger Delight will only be sold on April 20 and, unfortunately, only at the chain's Denver location. The burger, which has been named Rocky Mountain High: CheeseBurger Delight , consists of two beef patties, topped with pickled jalapeƱos, pepper jack cheese, fries and CBD-infused Santa Fe Sauce. [Full Article...]

Stratolaunch, World's Largest Plane, Flies for the First Time

Stratolaunch, World's Largest Plane, Flies for the First Time The company, which was founded in 2011 by the late Paul Allen , has a contract with Northrop Grumman is use Stratolaunch to send its Pegasus XL rocket into space. "People are interested in the first flight of Stratolaunch because they want to see the future", Beyer said . Created to send humans into space at a fraction of the cost of rockets, the white airplane called Roc took off shor... [Full Article...]

Uber unveils IPO with warning it may never make a profit

Uber unveils IPO with warning it may never make a profit Uber Eats is one of the fastest growing segments of Uber's business. The company said it lost $10 billion since 2016, underscoring the precarious nature of Uber's business. But Uber faces challenges that Lyft does not due to a string of revelations that sullied its reputation among consumers. The setbacks have included rampant internal sexual harassment and allegations it stole self-driving v... [Full Article...]

Uber IPO: Former CEO Travis Kalanick to earn billions

Uber IPO: Former CEO Travis Kalanick to earn billions The world's largest taxi-hailing company revealed that it made a $3 billion operating loss a year ago as it published the prospectus for its initial public offering ( IPO ). The filing with the Securities and Exchange Commission comes on the heels of Lyft's IPO, which debuted at $86 per share. Lyft's shares opened at $72 but were down to a new low of about $60 as of Wednesday afternoon, report... [Full Article...]

Prosecutors to quiz Amazon chief Jeff Bezos on Saudi claim

Prosecutors to quiz Amazon chief Jeff Bezos on Saudi claim The tabloid's parent company has had business dealings with Saudi Arabia. Last year, AMI cooperated with federal prosecutors to avoid charges and admitted it made a $150,000 hush-money payment to a former Playboy magazine model to prevent her from going public ahead of the 2016 election with claims that she had an affair with Trump. [Full Article...]

Tesla removes the low-priced $47,600 Model 3 from its website

Tesla removes the low-priced $47,600 Model 3 from its website Customers won't have the option to buy the auto at the end of the lease because the company plans to use the vehicles in a forthcoming Tesla ride-hailing network, according to the blog post. The Model 3 with Standard Plus now costs US$39,500 with Autopilot included. USA customers can choose from 10,000, 12,000 and 15,000 mile annual usage options, depending on their budgets and driving. [Full Article...]

Under pressure, CPSC recalls Rock 'n Play Sleepers

Under pressure, CPSC recalls Rock 'n Play Sleepers Since the 2009 product introduction, over 30 infant deaths have been reported using Rock 'n Plays. The voluntary recall comes a week after Fisher-Price and CPSC issued a safety warning on the sleepers. Tragically, that is not the case. But, Hoffman said, "we feel like this is a risky product". The cause of death for some of the babies was asphyxia, or the inability to breathe due to the child's ... [Full Article...]

Assange's Arrest As Chilling Consequences For Investigative Journalism, Says CPJ

Assange's Arrest As Chilling Consequences For Investigative Journalism, Says CPJ Assange was finally questioned for two days in November 2016, after a change in tactics from Swedish authorities who had previously argued that he had to travel to Sweden to be interviewed . But Trump repeatedly praised the organization on the campaign trail as WikiLeaks released troves of emails from Hillary Clinton's campaign and the Democratic National Committee that we later learned were ... [Full Article...]

IMF cuts global growth forecast to joint lowest level since crisis

IMF cuts global growth forecast to joint lowest level since crisis The IMF expects growth in world trade to drop to 3.4 per cent this year - a sharp slowdown from the 4 per cent it had expected in January and from 3.8 per cent trade growth in 2018. It maintained its projections for Saudi Arabia, saying the region's leading economy is expected to grow by a muted 1.8 percent this year and 2.1 percent in 2020. [Full Article...]


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