Money

Amazon India's most visited website, fastest growing marketplace, says Bezos

Amazon India's most visited website, fastest growing marketplace, says Bezos Prime has more than 100 million subscribers worldwide-far ahead of the Street's estimate of 80 million and the 92 million that GBH Insights analyst Daniel Ives came up with. Bezos noted the milestone in his annual shareholder letter, published Wednesday. The Amazon mobile app is also the most downloaded mobile app among the Indians. [Full Article...]

Musk doubles down on Model 3, with around-the-clock production

Musk doubles down on Model 3, with around-the-clock production The company had previously said it was targeting 5,000 a week by around the end of the second quarter. According to Bernstein analysts , Tesla has not only automated stamping, painting and welding like most other manufacturers, but also tried to automate final assembly. [Full Article...]

Starbucks to close stores for bias training on May 29

Starbucks to close stores for bias training on May 29 The woman who posted the video , Melissa DePino, said a Starbucks employee called police because the men had not ordered anything, while they waited for a friend. In a statement , Starbucks CEO Kevin Johnson said he had apologized to the two men for what he called a " reprehensible " incident . The racial bias training will be provided on May 29 to about 175,000 workers. [Full Article...]

Canelo Alvarez Receives Suspension For Positive Drug Tests

Canelo Alvarez Receives Suspension For Positive Drug Tests Golovkin will defend his WBC, IBO, WBA and IBF titles against Vanes "The Nightmare" Martirosyan at the StubHub Center. And that should be financially convenient for Las Vegas , as it keeps Golovkin-Alvarez II lined up for Mexican Independence Day weekend in September, if all parties are so inclined. [Full Article...]

Inflation is at its lowest in a year

Inflation is at its lowest in a year Average wages excluding bonuses were up by 2.8% in the three months to the end of February, growing at a faster rate than CPI inflation for the first time in a year. Wages have overtaken inflation for the first time in a year, according to the latest figures. These factors may explain, partially at least, whilst wage growth is not stronger since a smaller pool of potential employees should m... [Full Article...]

Goldman profit up 27 percent as trading surges

Goldman profit up 27 percent as trading surges Institutional investors and hedge funds own 25.47% of the company's stock . During the quarter, Goldman sold its last shares of credit bureau TransUnion, sealing in a roughly $3.3 billion profit on the six-year-old deal. On Friday, February 23 ROGERS JOHN F.W. sold $1.17 million worth of The Goldman Sachs Group, Inc . The company was maintained on Thursday, July 13 by BMO Capital Markets. [Full Article...]

Another brief shutdown for Tesla Model 3 line

Another brief shutdown for Tesla Model 3 line JPMorgan Chase set a $190.00 price target on shares of Tesla and gave the company a "sell" rating in a report on Thursday, February 8th. During the same period previous year, the business posted ($0.87) earnings per share. The company says tunnel-digging projects can cost as much as $1 billion per mile, but its goal is to lower these costs by a factor of 10 or more. The stock grabbed 122 new... [Full Article...]

Plastic-Eating Enzyme Could Ease Pollution

Plastic-Eating Enzyme Could Ease Pollution The interesting thing about this naturally-occurring enzyme is that it used to eat away polyesters present on leaves, but evolved over time to ingest PET (a class of polyesters) as well. The enzyme takes a few days to begin breaking down the plastic, and researchers are optimistic this can be speeded up even further and become a viable large-scale process. [Full Article...]

Facebook class action looms over facial recognition software

Facebook class action looms over facial recognition software Facebook violated an IL state law by improperly using their photo-scanning and facial recognition technologies and storing biometric data without their users' consent, a federal judge in California ruled on Monday, after reviewing a 2015 claim made against Facebook by three IL plaintiffs. [Full Article...]

Air Allegiant's "60 minutes" report released after seven months

Air Allegiant's Nelson has asked Department of Transportation inspector general Calvin Scovel to specifically review internal communications between the FAA and Allegiant "to ensure that no efforts are being undertaken to impede a full and forthright investigation of the airline's maintenance and operational issues". [Full Article...]

Arrests of Two Black Men at Philadelphia Starbucks Called 'Racist'

Arrests of Two Black Men at Philadelphia Starbucks Called 'Racist' According to a new interview at The Root with Melissa DePino, a regular customer at that Starbucks whose recording of the arrests went viral, the employee who demanded the men leave was white. "I hope to meet personally with the two men who were arrested to offer a face-to-face apology", his statement reads. Drummer Questlove of the group Roots tweeted a question: "Waiting in a Starbucks w... [Full Article...]

Wake and Funeral Set for Fallen Yarmouth Police Officer

Wake and Funeral Set for Fallen Yarmouth Police Officer A man described by authorities as a career criminal is heading to court to face a murder charge in the shooting death of a MA police officer. The Yarmouth Police Department is holding a vigil Saturday night to honor a police officer killed on duty. [Full Article...]

Eagles cornerback reportedly arrested, tased after becoming combative with police

Eagles cornerback reportedly arrested, tased after becoming combative with police Philly.com's Les Bowen reported that Worley might not be with the team after the incident. Worley becomes the second new Eagles player that was arrested this offseason along with Michael Bennett . A gun was reportedly found on the scene. Following Sunday's arrest, Joe Person of the Charlotte Observer tweeted that a Panthers source told him the team was concerned about Worley's commitmen... [Full Article...]

Carrie Underwood Posts First Close-Up Selfie Since Her Accident

Carrie Underwood Posts First Close-Up Selfie Since Her Accident The day before, Underwood shared another pic of herself rehearsing with her band for the event, which she captioned with, "Getting ready for the weekend...." She had an accident in November and hasn't performed since. "I definitely feel more like myself than I have in a while", she concluded. It really speaks to a lot of things that have happened in the past year and I hope when you hear it, y... [Full Article...]

Judge says Michael Cohen must appear at hearing

Judge says Michael Cohen must appear at hearing Wood directed that Cohen be present in court at the next hearing on Monday "so we don't need to have any more adjournments". But the filing contains the first details released by the Justice Department on the searches, which covered Cohen's residence, hotel room, office, safety deposit boxes and two cell phones. [Full Article...]

Six-man shortlist for PFA Player of the Year announced

Six-man shortlist for PFA Player of the Year announced The other youngsters nominated are Ederson , Raheem Sterling and Sane (all Manchester City ), Ryan Sessegnon ( Fulham ) and Spurs striker Kane. The victor, voted for by PFA members, will be announced at a ceremony at London's Grosvenor House on April 22. [Full Article...]

Uber adds more safety features for riders

Uber adds more safety features for riders In a post today , Uber CEO Dara Khosrowshahi announced a slew of new features for the app, created to address growing concerns over rider safety . The project has been kick-started in the U.S. past year, and the company had extended this service to the United Kingdom last month. "We've also announced that Jeh Johnson, who is a former secretary of Homeland Security, a pre-eminent safety exp... [Full Article...]

Vehicle rental powered by Getaround coming soon to Uber in San Francisco

Vehicle rental powered by Getaround coming soon to Uber in San Francisco Uber expands its bike rental program to Washington, DC. "Both of plaintiff's legs required amputation due to the severity of the crushing injuries", the lawsuit says, naming Uber , Lopez and the other driver among the defendants. "It is somewhat compelling to be able to get all your transportation through one platform". Uber also announced it acquired Jump on Monday. "Now you can tak... [Full Article...]

Centre questions maintainability of petitions in PNB scam case

Centre questions maintainability of petitions in PNB scam case Meanwhile, the Ministry of External Affairs , in its written response to a specific query in Lok Sabha , said Nirav Modi is in Hong Kong. "If India makes a relevant request to the HKSAR, we believe HKSAR will follow the basic law and relevant laws and judicial agreements with India with the relevant issue". [Full Article...]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing In post-settlement trading, Brent hit $71.34, its highest since December 2014. Oil markets stabilised on Monday after slumping around 2 percent last Friday on concerns over an intensifying trade dispute between the United States and China, as well as increased USA drilling activity. [Full Article...]


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