Tuesday, 16 July 2019
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RBI in a tight spot, is expected to raise rates again

Earlier in June, the Central bank had hiked the interest rates by 25 basis points. RBI today hiked repo rate by 25 basis points, the first back-to-back rate hike since October 2013. However, it's important to note that just days ahead of the last RBI's monetary policy review in June, major banks had increased benchmark lending rates or MCLR (Marginal Cost of funds based Lending rate) by up to 0.1 per cent, making loans costlier for consumers. Read More »

OnePlus surpassed Samsung to lead India’s premium smartphone segment, says Counterpoint Research


According to Counterpoint Research's latest analysis on the Indian smartphone market, the premium smartphone segment (₹30,000 and above) grew 19 percent annually and 10 percent sequentially during Q2 2018. The U.S.is the biggest smartphone market in terms of revenue generation, with Apple and Samsung having the biggest piece in it. These three brands contributed to 88 per cent of the premium handset market as compared to 95 per cent a quarter ago. Read More »

Pricier iPhones Lead Apple to Beat Earnings Expectations


The news sent Apple stock up as much as 3 percent after the market closed, pushing the company's market cap ever closer to the coveted $1 trillion mark. Investors were watching closely to see if Apple would be entangled in the FAANG meltdown, which hammered shares of Facebook (FB) and Netflix (NFLX) last week in a broader sell-off. Read More »

MoviePass ups monthly rate 50 percent, will limit availability to new movies


MoviePass , the discount service for movie tickets, is raising prices by 50 percent and barring viewings of most major releases during the first two weeks. MoviePass is also facing some big competition: Less than an hour after the company announced its plans Tuesday, the theater chain AMC said it has enrolled 175,000 people in its own, similar service within the first five weeks of its debut. Read More »

MoviePass is Raising Their Price As They Try to Become Profitable

This is hardly a shock to those who were trying to use the service this past weekend, when subscribers were turned away from being able to see Mission Impossible - Fallout . Then today, users on social media began reporting another service outage, this time with entire theaters showing no movies available for MoviePass customers, leading many to assume the worst. Read More »

Homeless man offers resumes, hears back from several companies


Opposed to begging for money, unemployed web developer David Casarez , 26, woke up from the park bench he had been sleeping on, grabbed his resume and put on a shirt and tie. "I had an interview with Apple in January, but the job was filled internally". "If this didn't work, I'd go back home and give up on my dream". It all happened so quickly that Casarez said he was stunned. Read More »

Gary Lineker says a second Brexit referendum is 'more important than football'


As before the referendum, when President of the European Council Donald Tusk warned Brits that voting to Leave could mean "the end of Western political civilisation" and David Cameron asked then-U.S. In a re-run on membership tomorrow 45 per cent said that they would vote to remain, while 42 per cent would vote to leave, with 4 per cent saying that they would not vote and 9 per cent saying they did not know. Read More »

Harley-Davidson Developing Motorcycles For Indian Roads


Harley-Davidson has revealed some stellar plans to expand its global footprint with India being one of its stronger focus points as e-scooters and small capacity motorcycles are part of the strategic movement. All they're saying is that the adventure bike will arrive in 2020, along with a new 975 cc Streetfighter sports bike and a new 1250 cc Custom. Premium bike maker Harley Davidson on Monday announced its plans to rollout lighter motorcyles, expansion of all retail channels and ... Read More »

McDonald's Mints MacCoin to Mark Big Mac's 50th Anniversary


As with many of its popular and long-lasting menu items, the idea for the Big Mac came from a franchisee. McDonalds eaters can grab the coins this week from any McDonalds store in America to spend on a free BigMac burger. It didn't work. Delligatti tried a bigger sesame seed bun, and the burger soon lifted sales by more than 12 percent. "Global connectivity of the Big Mac inspired the creation of the MacCoin". Read More »

Shareholders approve Disney's £54bn acquisition of Fox entertainment


Now with the shareholders' approval in the bag, the Disney acquisition of 21st Century Fox's assets will likely be finalized as early as the first half of 2019. Justice Department approved of the deal last month under the condition that Disney sell of Fox's regional sports networks that compete with Disney-owned ESPN. Read More »

Tesla’s Latest Product Is A Surfboard


WTF?! Tesla CEO Elon Musk has been known to have the occasional unusual product idea, and he seems intent on continuing that trend with the company's latest product: a $1,500 surfboard , which sold out mere hours after it launched. According to a report by TechCrunch, on Saturday night, the Tesla online shop's product page showed the surfboard but it was gone the next morning. Read More »

Trump Boasted To Farmers He Opened European Market. Europe: No, You Didn't.


Agriculture , seafood and other American industries just want markets - instead of needlessly antagonistic trade wars , that's what the president should give them. Soybean prices had been trading at $10.40 per bushel in May, but fell to about $8.20 a bushel in mid-July before rebounding slightly to $8.50. The partisan division on the president's record is evident in other surveys . Read More »

Odor diverts Spirit Airlines flight from NY to SC


Several people were taken to an area hospital, but were expected to be fine, Myrtle Beach television station WPDE reported. Spirit Airlines Flight 779 took off from LaGuardia Airport around 8:30 p.m. A handful of Guests were checked out by medical professionals and have since been cleared to continue their journey", the airline said in a statement to Business Insider. Read More »

After $120B Stock Tumble, Facebook Investors Claim Fraud


As a result of the implementation of the General Data Protection Regulation in May, coupled with a hit from the Cambridge Analytica scandal, its CEO Mark Zuckerberg said the company is "investing so much in security that it will significantly impact our profitability". Read More »

ITV profits fall as company looks to refresh strategy | 25 July 2018


External revenue of £1.59 billion ($2.1 billion) was up 8 percent annually, and non-advertising revenues rose 14 percent on a year-on-year basis to £958 million ($1.26 billion). ITV left its guidance for the year unchanged, saying it is "confident we can deliver good organic growth" on the back of a strong pipeline of shows including Alone, Queer Eye, Suburra, The Hunt, Milk & Honey and House of Talent. Read More »

World's Oldest Person, Chiyo Miyako, a Japanese Woman, Dies at 117


Nonaka's sweet tooth may very well be behind Nonaka's long, fruitful life, but his family said it is also because he has chosen to live in a way that does not bring him much stress. The age of the oldest women now after the death of Miyako employees book of records will have to confirm. Chiyo Miyako , the world's oldest known person, died on Sunday at the age of 117 years, 81 days. Read More »

Facebook’s office in Hangzhou, China was very short-lived


Looking ahead, Facebook , which hasn't commented publicly about the China reversal, could still try to open the hub. US chipmaker Qualcomm Inc's deal to buy NXP Semiconductors NV has yet to win approval from Chinese regulators, the only holdout from eight of nine global regulators required to approve the deal. Read More »

Mexico and Canada stress NAFTA pledge after Trump warning


After weeks with little movement, Mexican trade negotiators travel to Washington this week to revive the talks. Obrador officials were invited to Wednesday's talks as observers. "A good relationship between Mexico and the United States is something we will always celebrate". "That's the first priority", Mnuchin said. "My team has worked hard over the past 18 months to increase cooperation with Mexico in these areas". Read More »

Get a dozen Krispy Kreme donuts for $1 on Friday


At locations across the country, including four in the Triangle, if you buy a dozen doughnuts at regular price, you can get another dozen doughnuts for $1. The glazed confetti is a vanilla birthday cake flavored doughnut with sprinkles thorough. Insomnia Cookies was founded in 2003 by University of Pennsylvania student Seth Berkowitz. Read More »

U.S. touts EU trade truce, attention now turns to China


Both sides claimed victory in the deal, reached by Trump and European Commission President Jean-Claude Juncker in Washington . "We're starting the negotiation right now, but we know very much where it's going", Trump said , standing next to Juncker at a hastily scheduled appearance in the White House Rose Garden on Wednesday, US time. Read More »

Farmers still uncertain, despite Trump-EU trade deal


The deal eases tensions for now stoked by Trump's threat to impose new levies on auto imports. However, Reuters is reporting that a top German industry group is sceptical, saying the tariffs are not yet off the table and there is still no real resolution. Read More »

Video shows beatdown at McDonald’s after customer throws milkshake at employee


Dayag wrote: 'So this happened at McDonald's... the lady asked for a water cup and supervisor shut down the soda machine because she wasn't letting her get a free soda'. When there's a big girl coming towards her, she started freaking out. The Instagram footage shows the worker punching the customer repeatedly, holding her down against the countertop and even launching her into a booth. Read More »

Facebook-led tech slump dims broader gains for U.S


The Russell 2000 index of smaller-company stocks gained 10.16 points, or 0.6 percent, to 1,695.36. At 1:00 p.m. ET the Dow Jones Industrial Average was down 33.26 points, or 0.13 percent, at 25,208.68, the S&P 500 was up 8.61 points, or 0.31 percent, at 2,829.01 and the Nasdaq Composite was up 50.04 points, or 0.64 percent, at 7,890.81. Read More »

Touting EU deal, Trump claims Europe now 'open' to USA farmers


A pan-European Business Confederation on Thursday applauded the trade relations agreement. President Donald Trump is promising a $12 billion support package for farmers hurt by the growing trade war with Canada and other partners. "You know, other countries have tariffs on us". The daily reports that on the whole, Trump ditched his argumentative approach, which he used during the G7 and North Atlantic Treaty Organisation summits; instead, he was "charming, well-briefed" and "made an ... Read More »

Trump touts economic growth


But in 2020 - a presidential election year - Zandi said he is forecasting economic growth of just 0.9 percent, a pace that is so slow that it will raise the threat of a recession. Friday's report "isn't a one-time shot", he said. "The economy is doing quite well", said Michael Feroli, chief USA economist at JPMorgan Chase & Co. Read More »

After Facebook Stock Plunge, Calls for Zuckerberg's Job


Facebook shares have already been through a rollercoaster of ups and downs this year, with the biggest slump coming in April after it emerged data from tens of millions of users had been acquired by Cambridge Analytica . And then there's an increased focus on privacy and security, something that Zuckerberg previously warned could harm the company's profitability. Instagram has worked for advertisers seeking name recognition or posting attractive video content, such as movie trailers, ... Read More »

Consumers, soybeans lift USA economic growth to 4.1 percent

Going forward, "it's highly unlikely we'll get 4 percent growth, or even 3 percent on a sustained basis". The growth is in part driven by consumers who began spending their tax cuts and exporters who sought to get their products delivered ahead of the retaliatory tariffs. Read More »

Free MAC lipstick for National Lipstick Day 2018

All you have to do is show up and ask for your lipstick. Customers can visit stores on July 29 to pick up their free item and there's no purchase necessary. Moreover, this isn't your only shot at grabbing free swag this weekend. Beauty fans will get to choose from nine shades, which range from tan and pink to a deeper rouge and plum. Read More »

Bad week in social media gets worse; Twitter hammered


But investors were focused on Twitter's lackluster user metrics: Its monthly user base dropped by 1 million sequentially, to 335 million worldwide, as Twitter continues efforts to eliminate fake accounts and reduce harassment on the platform. Read More »

Deadline to file Income Tax Returns extended till August 31


The decision to extend the deadline is believed to have been taken after several groups requested the central government to push to later. The Centre had announced that taxpayer who delayed filing their returns would have to shell out Rs 1,000, Rs 5,000 and Rs 10,000, depending on when they made their submission after the deadline. Read More »

Trump 'open' to visiting Moscow for meeting with Putin

On the heels of President Donald Trump's Orwellian remark advising supporters that what they read in the news "is not what's happening", the White House released its own statement claiming that it supports a free press-directly after banning a reporter from a news conference. Read More »

Analyst Ratings Buzz: Helios and Matheson Analytics Inc (NASDAQ:HMNY)


The shares of the corporation went down by -5.23% during the previous month. (NASDAQ:AMAT) advice their clients to include it in their buy candidate list. (AMAT) witnessed over the past one year demand tendency to limit losses. CVI Holdings LLC bought a new position in Helios and Matheson Analytics during the 1st quarter valued at approximately $3,361,000. Read More »

Papa John's Founder Papa John Is Suing "Papa John's"


Schnatter claims he has been treated in a "heavy-handed way since the publication of a story that falsely accused him of using a racial slur ", according to the complaint, filed in the Chancery court of Delaware. In light of the report of his use of the racial epithet, a special committee of independent directors for Papa John's worldwide ordered to have Schnatter's agreement terminated, in addition to requesting that he no longer makes any media appearances on behalf of the company. Read More »