Money

Amazon Posts Big Q4 Earnings Beat, Weak Q1 Sales Guidance (NASDAQ:AMZN)

Amazon had jumped back above Microsoft Corp., which is No. 2 in cloud computing, as the most valuable publicly traded company, with a market capitalization ...


Italy slides into recession as eurozone struggles

Gross domestic product fell a quarterly 0.2 percent between October and December, following a 0.1 percent decline in the third quarter, and was up 0.1 percent o...


Facebook rethinks their plans to destroy WhatsApp, Messenger and Instagram

While Facebook seemingly suffered from PR crisis after PR crisis a year ago, the social giant posted major financial gains in the fourth quarter of 2018. Alongs...


Consumers Energy customers asked to lower thermostats after fire

At 10:32 p.m. Wednesday night, an emergency alert was sent out to MI residents asking them to comply with the request. Gas utilities have asked several busine...


US and China talk trade, but few expect any breakthroughs

However, his outspoken comments in previous meetings and reports that he sparred with other United States officials, caused him to be left on the sidelines of s...


Crypto-Rial: Iran Likely To Announce State-Backed Cryptocurrency

The sanctions, placed on Iran by the U.S. under the Trump administration in response to Iran's nuclear test programme, has severely hit the national economy, wi...


VW ID Buggy REVEALED - Volkswagen’s iconic buggy reborn as electric auto

Same thing goes for this new dune buggy concept vehicle that Volkswagen will be showing off at the Geneva Motor Show in early March. This concept is basically...


US Federal Reserve to remain patient on interest rates

Powell has been invoking the word "patient" to describe the Fed's latest approach to rates increases. They include weakening global growth, slowing corporate ea...


Alibaba stock rallies on handsome profit beat, optimistic commentary

Chinese e-commerce leader Alibaba's net profit grew to 33.0 billion yuan ($4.9 billion) in the October-December third quarter, compared to 24.1 billion yuan ove...


Irish PM Varadkar rejects May plans to change backstop

An amendment to Theresa May's Brexit deal calling for the Irish backstop to be replaced with an "alternative arrangement" was backed by the Commons on Tuesd...


Fed pledges patience on rate hikes

Fed Chairman Jerome Powell said the case for rate increases had "weakened" in recent weeks, with neither rising inflation or financial stability considered a ri...


Chromebooks are Windows’ greatest enemy, Microsoft earnings reveal

Office 365 commercial revenue was up 34 per cent. More personal computing (the unit including Windows, Surface, and Xbox) logged $13bn in revenues, a 7 per ...


Tesla posts smaller Q4 profit than previous quarter

In the year-ago quarter, Tesla posted a loss of $3.04 per share on revenue of $3.29 billion. "We're optimistic about being profitable in the first quarter...


Federal Reserve nods to economic headwinds as it keeps rates steady

While the Fed said continued US economic and job growth were still "the most likely outcomes", it removed language from its December policy statement that risks...


Venezuelans fear fuel shortages after USA oil sanctions

Venezuela army defectors have also made a plea to the United States to supply weapons and move the opposition forward. Venezuelan Attorney General Tarek Saab ...


Huawei Denies All Charges in US Indictments

The plan was to have Huawei as its primary equipment provider - a decision that was complicated past year when the Federal Government banned the Chinese vendor ...


Ex-Nissan chairman, 64, arrested over £60m fraud blames ‘plot and treason’

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 med...


Weak Caterpillar and Nvidia earnings flag risk ahead

Also upcoming are a meeting by the Federal Reserve on interest rates, the U.S.jobs report and earnings reports from about a quarter of all the companies in the ...


Foxconn Freezes Plans for $10 Billion Wisconsin LCD Campus

The jobs created are likely to be "knowledge" positions-in other words, not blue collar jobs-Woo tells Reuters . "Every step of the way Foxconn has overpromi...


Airline Passenger Criticized Fat Shamer on Flight

A lawsuit has claimed United Airlines failed to take appropriate action when a 16-year-old girl called for help after she was sexually assaulted on a flight ...


PG&E files for bankruptcy with more than $50 billion in debt

The company, the largest utility in America's most populous state, has been under intensifying scrutiny in the wake of the so-called 2018 Camp Fire in Norther...


Venezuela's Maduro offers to negotiate with opposition

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


Harley-Davidson Reports Profits Wiped Out by Trump's Tariffs

Operating margins in the quarter declined 6.2 percentage points, in part due to the tariffs. Harley's stock recouped some of its losses in morning trades but wa...


US Postal Service Stamp Prices Have Increased

The price of a "Forever" stamp has gone up a nickel - to 55 cents. But the 5-cent increase is the largest monetary jump in US history, according to The Hill. ...


SEC inquiry compounds Nissan woes

Nissan shares fell 0.8 percent in Tokyo trading, their biggest decline in three weeks. Nissan Motor Co said on January 28 that it was co-operating with an ...


Perdue Issues New Chicken Nugget Recall | White Plains

A potentially serious labeling error has caused Perdue Foods to recall more than 16,000 pounds of chicken nuggets. 12-oz. packages of "PERDUE Fun Shapes Chi...


United States Postal Service Suspends Delivery on Wednesday, January 30

The district said most of its students walk to school or wait for early morning buses and it didn't want them waiting outside in the cold. From across the Mid...


PM ready to reopen European Union negotiations in bid to win MPs’ support

If defeated, she will table another amendable motion for debate the following day. "I think we should send the Prime Minister back to Brussels with a strong m...


How Porsche plans to take on Tesla in the electric car race

Each of these stations will have at least five places to plug in, and some will have as many as 10. Each Electrify America location will have a minimum of two...


USA imposes sanctions on Venezuelan state oil firm PDVSA

Maduro says his government is the victim of an "economic war" led by his political adversaries with the help of Washington, which has levied several rounds of s...