Thursday, 22 August 2019
Latest news
Home » Money

Money

$1.5 billion mystery solved: Mega Millions victor comes forward

perth_map

South Carolina's newest millionaire sent a lawyer to field questions and collect the winnings, The State reports. The victor had allowed another customer to purchase a Mega Millions ticket before them in line at the store. Hogan Brown, the executive director of the commission, added: "We are delighted that the victor is a South Carolinian and has come forward to claim this remarkable prize". Read More »

Every Angle of the $18.9 Million Bugatti La Voiture Noire

perth_map

This is a tribute to the lovely Type 57 SC Atlantic, which you might have seen at your local concours d'elegance. Based upon the running gear of a Chiron , "The Black Car" reflects how the French hypercar brand is branching out into more bespoke, personalised manufacturing to satisfy the ambitious minds of the world's most powerful and imaginative auto collectors. Read More »

Southwest Airlines Launches Flights to Hawaii

perth_map

Southwest Airlines is now offering direct flights from San Diego International Airport to airports located on Maui, Oahu, and Kona. "Hawaii, we're in this for good", said Gary Kelly, Southwest Airlines' Chairman & Chief Executive Officer. Read More »

Lyft IPO Filing Discloses $911 Million Loss On $2.2 Billion Revenue

perth_map

As CNN reports , a number of tech unicorns are expected to go public this year and "Lyft's public market debut could prove to be a bellwether for how these companies will be received by investors". By going public in April, it means Lyft would be going public before its largest rival Uber. Bankers seeking to handle Uber's offering told the company it could be valued at as much as US$120 billion, people familiar with the matter have said previously. Read More »

Tesla Model 3 'Standard Range' now on sale in the US

perth_map

The long-awaited base version of the Tesla Model 3 was announced today , complete with the $35,000 asking price originally promised by Elon Musk when the auto was first mentioned way back in 2016. Tesla shares were last down 8 percent at $293.57. Mr Musk reiterated that improving service in 2019 is Tesla's top priority and said the company will be adding jobs worldwide to address what's become one of the biggest concerns of new customers. Read More »

Trump asks China to lift tariffs on United States farm products

perth_map

Most or all US tariffs on China are likely to be lifted as part of a trade deal between the world's two largest economies now in its final stages, said two people familiar with the discussions. Stocks were initially higher this morning after the Wall Street Journal reported that the US and China are close to a deal that could de-escalate trade tensions between the world's two biggest economies. Read More »

Trump plans to scrap preferential trade status for India

perth_map

The US has chose to withdraw duty benefits on $5.6 billion worth of exports from India by May this year, blaming the trade barriers created by the Indian government, after negotiations for a trade package fell through. The US Trade Representative's Office said removing India from the GSP programme would not take effect for at least 60 days after the notifications, and would be done through a presidential proclamation. Read More »

Winning $267M Mega Millions jackpot sold in NJ

perth_map

The Powerball drawing on Saturday night was worth $348 million with a cash option of $211.9 million. Baghdad resident M.M. purchased tickets online at theLotter and ended up  winning the $6.4 million  Oregon Megabucks jackpot in August 2015. Read More »

Brexit talks between EU and UK set to resume

perth_map

Labour divisions on the issue were thrown into sharp focus as former minister Caroline Flint estimated up to 70 of the party's MPs are opposed to a second national European Union withdrawal poll. Britain's Secretary of State for International Trade Liam Fox appears on BBC TV's The Andrew Marr Show in London, Britain March 2, 2019. This has aroused suspicions that the money could be spent not to deliver economic improvement but to secure the passage of the government's Brexit plan. Read More »

Tesla Model Y SUV Unveil Coming March 14 with Pricing, Specs: Musk

perth_map

Additionally, 75 percent of the Model 3's build and design will be shared with the Model Y, and the crossover SUV will be built at at Gigafactory 1 in Nevada. Tesla's Model 3 has a range of 350 kms. The Model 3 starts at $35,000, but can cost more than $60,000 if a long-range battery, Autopilot technology, and other high-end options are selected. Read More »

Another nod for China stocks as MSCI ups weighting

perth_map

Analysts noted the move reflected global investors' increasing recognition of China's financial market development and openness, and their urgent need to gain wider access to the mainland stock market. Mixed messages on trade combined with the collapse of the summit between Trump and North Korean leader Kim Jong Un on denuclearisation, and data from China showing slowing factory activity to pressure USA stocks. Read More »

Researchers genetically modify yeast to ‘brew’ THC and CBD

perth_map

Vincent Martin , a bioengineer from Concordia University in Canada, says the engineered yeast will give researchers access to a "much greater diversity" of cannabinoids . To produce cannabinoids in yeast, Berkeley synthetic biologists first engineered yeast's native mevalonate pathway to provide a high flux of geranyl pyrophosphate (GPP) and introduced a hexanoyl-CoA biosynthetic pathway combining genes from five different bacteria. Read More »

SpaceX launches demo flight, with humans

perth_map

The Dragon carried 400 pounds of crew supplies and equipment - slightly more than the weight of two astronauts - to the station. "Congratulations to all the teams on a successful docking", NASA astronaut Anne McClain radioed Mission Control from aboard the space station. Read More »

Seat's MEB-based BEV named el-Born

perth_map

Making its debut next week at the Volkswagen Group night before it headlines at the carmaker's stand at Geneva, the El-Born - named after a trendy neighbourhood in Barcelona - is based on the Volkswagen Group MEB platform also used for the Volkswagen ID model due next year. Read More »

Oil dips as U.S. crude production hits record, Asia factory output weakens

perth_map

How Middle East producers plan to meet this rising demand whilst also maintaining their immediate competitive edge on the global market and meeting sustainability targets - the region is expected to more than triple its share of renewable energy from 5.6 per cent in 2016 to 20.6 per cent in 2035 - will feature as major points of discussion at the Middle East Energy Summit. Read More »

Amazon Is Letting Prime Customers Group Orders to Save Boxes

perth_map

Amazon Day is now national. Members will still be able to use Prime's other options, such as free two-day shipping. It can be convenient for customers to know exactly what day an order is going to be delivered . You will have the chance to pick whichever day of the week works best for you. "As a working mom of a two-year-old living in Manhattan, I order from Amazon multiple times a week for my family's needs", said Sindy L. Read More »

Amazon to open dozens of United States grocery stores

perth_map

The Journal reported that Amazon had signed leases for at least two other grocery locations that could open early next year. Additional stores will open in 2020 and the firm is reportedly considering locations based in San Francisco, Seattle, Chicago, Washington, D.C., and Philadelphia . Read More »

Kia, Hyundai recall over 500,000 vehicles as fire risk spreads

perth_map

A failed connecting rod can pierce the engine block and cause oil leaks that can cause fires. If oil comes into contact with the exhaust, a fire could result. The catalytic converter will be inspected and replaced if it is damaged. If leaking oil is observed, Hyundai will replace the oil gasket. The number of Kia and Hyundai vehicles that have unexpectedly caught fire has grown to more than 300, the Center for Auto Safety announced Wednesday. Read More »

Lyft losses grow ahead of $25bn flotation

perth_map

Lyft expects to be valued at between $20 billion and $25 billion, up from its current $15 billion valuation, sources have told Reuters. Lyft will list on the Nasdaq using the ticker symbol LYFT. The service is active in more than 300 markets in the USA and Canada, and Lyft said it had 39 percent of the U.S. ridesharing market in December, up from 22 percent two years before. Read More »

Walmart to say goodbye to 'greeters'

perth_map

Many of these front-door workers remain in limbo as the company plans to eliminate its trademark greeter position in about 1,000 stores in coming months. In fact, they said they've learned of all updates - including the deadline extension - from the media. In stores where greeters were being replaced by hosts, greeters could apply for the role or another job at the store. Read More »

The Polestar 2 EV is another Tesla killer wannabe

perth_map

The skateboard chassis holds a 78kWh battery, powering two motors (one on each axle) which develop a combined power output of 408PS and 660Nm. It needs less than five seconds to hit 100 km/h (62 mph) from standstill, and can travel up to 500 kilometers (310 miles) once fully charged. Read More »

YouTube disables comments on videos featuring kids after predators scare

perth_map

YouTube said Thursday that it will block users from commenting on most videos that feature minors, responding to reports that pedophiles had used comments to find, track and exploit children. YouTube will disable comments on most videos that include children 13 and younger after coming under fire for failing to keep paedophiles from posting suggestive remarks on such videos, the company said Thursday. Read More »

Gap Inc To Split Into Two Separate Companies

perth_map

Instead, a clean split like this can help all companies better allocate resources and give Gap a window to double down on its main focus areas. I'm stunned it hadn't happened already. Their stake in the company is now worth about $4.9 billion. The company also said it plans to invest more in fleece for spring, summer and fall seasons. Read More »

Watch Polestar Unveil Its Model Y Competitor Here On CleanTechnica

perth_map

Everything about this auto, including the performance, the pricing, the novel brand, the nontraditional sales and service model, and even the name put Tesla's Model 3 directly in the Polestar 2's sights. Overall, the Polestar 2 appears to be an impressive vehicle. In order to maximise range and efficiency, EVs and hybrids normally settle for wheels originally designed for supermarket trolleys, but the hoops underpinning the Polestar 2 are, if anything, a little too big. Read More »

Amazon will now allow companies to immediately remove counterfeit items

perth_map

Amazon says companies will also be able to remove listings on their own. According to the Project Zero FAQ site , Amazon is "providing brands with an unprecedented level of responsibility, and [is] willing to do so because [it] believe [s] that the combined strengths of Amazon and brands can drive counterfeits to zero". Read More »

I'll Be Damned, the $35,000 Tesla Model 3 Is Actually Here

perth_map

Okay, we'll just cut to the chase at this point. The Tesla Mid-Range Premium Interior Model 3 comes in at $54,300 and has a 425km range. On Tesla's USA websites , the pricing for the 350-km-range auto is shown to actually start just below US$25,000 after the "gas savings" and EV rebates are applied in the states that offer them, but before destination charges. Read More »

Victoria's Secret closing more than 50 stores across the United States and Canada

perth_map

But Victoria's Secret and its teen brand PINK have struggled. Mr. Burgdoerfer says the business made the decision by analyzing current and projected performance, sales, profits, cash flows and trade dynamics. Victoria's Secret's path to a turnaround looks challenging, too. Net sales were up by one per cent, at $4.85 billion, and net income decreased by one per cent to $595 million. Read More »

Fed’s Powell forecasts solid but slower USA economic growth in 2019

perth_map

The Fed's assets now stand at about $4 trillion. He assured lawmakers that the Fed is merely trying to refine its approach so it can meet its current 2-percent inflation goal. He cited the financial markets becoming more volatile toward year-end, financial conditions proven less supportive of growth than they were earlier past year, as well as slowing growth in some major economies. Read More »

FCA investing $4.5B into Detroit area

perth_map

The total $4.5 billion investment by Fiat Chrysler will mean a total of about 6,500 new U.S.jobs at its give existing MI plants with plans to build a new assembly plant in the city limits of Detroit , marking the first time a new plant will be built in the city in nearly three decades. Read More »

Elon Musk ordered to tell judge why he's not in contempt

perth_map

Securities and Exchange Commission . Tesla CEO Elon Musk has until March 11 to explain to a federal judge in NY why he shouldn't be held in contempt of court. "If the SEC were to seek Mr. Musk's removal (perhaps subject to yet another settlement), we believe the shares may approach the mid-$200 levels". He holds South African, Canadian, and USA citizenship and is the founder, CEO, and lead designer of SpaceX; co-founder, CEO, and product architect of Tesla Inc.; co-founder and CEO of ... Read More »

Groupe PSA To Launch Citroen Cars In India By 2021

perth_map

In its second phase of strategic planning, "Push to Pass" through 2019-2021, Carlos Tavares, Chairman of the Managing board, confirms the Group's intent to reach new markets. It is truly an exciting brand for the Indian consumers seeking global eco-friendly products designed for and made in India with unique styling and comfort". Read More »