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Stories about Economy

May 30 2018

A Tesla Model S on autopilot crashed into a parked police auto

Tesla , asked about the accident, noted that drivers are not supposed to rely exclusively on Autopilot . The driver of the Tesla reportedly suffered some minor injurie...

May 28 2018

Govt considers windfall tax on oil producers; ONGC drops 5%

Yesterday, law minister Ravi Shankar Prasad had stated that the government will take a long-term view on the retail prices of petrol and diesel, which have touched reco...

May 27 2018

Oil prices drop on expectations OPEC could boost output

The Organization of the Petroleum Exporting Countries may decide in June to lift output to make up for reduced supply from Venezuela and Iran, the latter in part due to t...

May 18 2018

Ocado to enter United States market with 'transformative' Kroger deal

The company is based out of United Kingdom, where it operates its own retail stores and online grocery delivery. According to a press release, this will bring the company...

May 18 2018

Filing shows Trump paid his lawyer

The USD130,000 payment in 2016 to Stephanie Clifford, better known as adult performer Stormy Daniels , was made by Trump lawyer Michael Cohen , who seems to have only...

May 16 2018

Uber Sexual Assault Victims No Longer Forced Into Arbitration

West and Chief Executive Officer Dara Khosrowshahi took over late previous year and have attempted to turn the company around. Uber will no longer make its drivers,...

May 14 2018

Walmart may come up with IPO for Flipkart in 4 years

Even it would appoint or replace Flipkart's chief executive and other key executives of group companies after consulting Bansal and the board. "Retail and e-commerce are ...

May 14 2018

Donald Trump says working with Xi Jinping to save telecom giant ZTE

Spokesmen for Zinke and Pompeo didn't immediately respond to a request for comment sent outside normal business hours. The company has been banned from selling equipmen...

May 11 2018

EUR/GBP Ticks Higher Ahead of BoE Rate Decision

The BoE said it expected Britain's economy would grow by 1.4 per cent this year, down from the 1.8 per cent rate it predicted in February, which was a bit above what mo...

May 10 2018

Saudi Arabia, other producers to ensure market stability amid Iran sanctions: Falih

The production agreement is scheduled to end at the end of the year, but OPEC and Saudi Arabia's energy minister have said it should continue in some form. In short, th...

May 10 2018

Sites selected for program aimed at expanding drone flights

Others including startup Flirtey , which successfully made the first drone delivery in the United States in 2015 test, will be using UAVs to deliver medical supplies to ...

May 10 2018

Starbucks and Nestle join forces

The company said it will use the deal proceeds to accelerate stock buybacks. Nestle shares rose as much as 0.8 percent in early Zurich trading. The WSJ reported t...

May 10 2018

Sears strikes partnership to install tires sold through Amazon

CNBC reports that Amazon and Sears will begin working together on tire sales. Sears also announced that its DieHard brand tires would be sold on Amazon for the ...

May 10 2018

ZTE stops smartphone sales

The Commerce Department said that the ban has been imposed after it found ZTE to have violated United States export restrictions by illegally shipping to Iran. and Inte...

May 09 2018

Takeda Pharma offers $62 billion in takeover of Britain's Shire

S. The two companies reached a merger agreement Tuesday. Shortly afterwards, Allergan , was reportedly in talks to acquire Shire , but several hours later, Allergan ...

May 08 2018

Man hits new milestone by eating 30000th Big Mac hamburgers

For those who ever played the McDonald's Monopoly game, you might be distressed to hear Gorske has kept about 6,000 boxes from Big Macs, many of them in pristine condit...

May 07 2018

Can analysts adopt a bullish outlook for IP Group Plc (LON:IPO)?

It closed at $39.83 lastly. It has underperformed by 11.55% the S&P500. Below is a list of Antofagasta plc (LON:ANTO) latest ratings and price target changes. Aviva Publi...

May 05 2018

Elon Musk goofed, but the Tesla CEO is unlikely to change

I asked Musk how he thinks it will compare to the 2013 short squeeze that followed his 2012 warning to the shorts. Both Toni Sacconaghi of Bernstein and RBC's Joseph Spak...

May 05 2018

Alibaba fiscal 4Q earnings beat Street, driven by steady ecommerce, cloud computing

To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company wi...