Markets

Tesla Stock Stumbles as Company Asks Suppliers for Help Turning a Profit

In it, the manager described the payments as essential to Tesla's operation. The appeal was reportedly made as part of a wider effort to make Tesla profitable. Supply-chain consultants told the paper that sometimes automakers will demand a reduction in price for a current contract going forward or use leverage of the promise of a new deal to get upfront savings. [Full Article...]

McDonald's salad outbreak widens to 9 states

McDonald's salad outbreak widens to 9 states The company is switching to another salad supplier. Three people have been hospitalized but fortunately no one has died. "The additional states identified by the FDA and CDC (Centers for Disease Control and Prevention) are among the same states where a week ago we proactively made a decision to remove our lettuce blend in impacted restaurants and replace it through a different supplier", M... [Full Article...]

Trump says China, EU "manipulating their currencies" -- and USA dollar hit

Trump says China, EU Feroli also noted that the easiest way for Trump to bend the Fed to his political will would be to fill the Federal Reserve Board of Governors with members that agreed with a low interest rate policy or were personally connected to the president. [Full Article...]

Saudi economy to buoy on rising oil production, says BMI

Saudi economy to buoy on rising oil production, says BMI Because of the secondary sanction threaten of USA, many crude oil companies have withdrew their investment and crude oil business in Iran, but there are still many countries say they would not bend to the pressure from the US. A more significant supply gap won't emerge until sanctions enter full force in November, according to the people who spoke with the Saudis, who asked not to be identified as... [Full Article...]

Mega Millions jackpot surges to $433M before Friday’s drawing

Mega Millions jackpot surges to $433M before Friday’s drawing The estimated Super Kansas Cash jackpot for Saturday is $1.78 million. The jackpot has rolled over 22 times since someone won Mega Millions on May 4. The second-highest jackpot of $648 million went to two winners in California and one in Georgia on December 17, 2013. The winning numbers were 1-14-30-44-62 with the mega ball as one. [Full Article...]

Stocks End Slightly Lower as Traders Shrug Off Trade Talk

Stocks End Slightly Lower as Traders Shrug Off Trade Talk A weaker yuan risks increasing trade tensions with the Trump administration, which has repeatedly accused China of keeping its currency artificially weak to support its huge export industry. The Dow Jones Industrial Average dropped less than 0.1 percent to 25,058.12. The Nasdaq composite fell 1 point to 7,824. Britain's FTSE 100 gave up 0.1 percent. [Full Article...]

Ritz Cracker products recalled over Salmonella fears

Ritz Cracker products recalled over Salmonella fears The recall is due to the potential presence of Salmonella . Ritz cracker products have been recalled across the USA due to salmonella concerns. The affected products contain expiration dates between January 14, 2019 and April 13, 2019. [Full Article...]

Spill from plane delays Gatwick flights

Spill from plane delays Gatwick flights Flights had to be diverted at Gatwick Airport after a plane was forced to make an emergency landing. British Airways passengers faced "chaos" at Heathrow Terminal 5 on Wednesday as an IT failure brought long queues at check-in desks and flight cancellations, with disruption possibly continuing today. [Full Article...]

Ritz Bitz sandwiches recalled for potential salmonella contamination

The affected products contain expiration dates between January 14, 2019 and April 13, 2019. So far no complains of illnesses connected to the products included in the recall have been reported to Mondelez Global. Consumers who have these products should not eat them, and should discard any products they may have. For more information on the recall, you're asked to contact the company at 1-844-... [Full Article...]

Facebook Suspends US-Based Analytics Firm Over Data Concerns

Facebook Suspends US-Based Analytics Firm Over Data Concerns Still, the latest data dust-up is likely to dog Facebook politically months after Chief Executive Mark Zuckerberg was grilled by lawmakers in the USA and Europe when it suspended Cambridge Analytica . People can share their information with developers on Facebook and Instagram - just as they can when they download an app on their phone. Representatives for Facebook told The Wall Street Jou... [Full Article...]

Impact of U.S-China trade tariffs on USA companies

The administration has also released a list of 10-per-cent tariffs on an additional US$200 billion of Chinese goods, which could take effect as early as next month. China has pledged to retaliate against U.S. tariffs in "equal scale and equal strength". "What I saw in that brief excerpt is a president who is going to drive his trade and tariff policy forward regardless of outside objections", Mc... [Full Article...]

Ryanair strike will cut 50 flights to and from Belgium

Ryanair strike will cut 50 flights to and from Belgium A strike by Ryanair pilots is set to go ahead on Friday resulting in the cancellation of 24 flights between the Republic of Ireland and the UK. Ryanair has cancelled 300 flights on each of the two days the planned industrial is due to take place. [Full Article...]

Mondelez in sugar offensive in UK | Food Industry News | just

Mondelez in sugar offensive in UK | Food Industry News | just The sugar removed has not been replaced by artificial sweeteners - a process which often leads to a slightly less sweet treat. "While we don't now have any plans to bring reduced sugar Cadbury Dairy Milk milk chocolate to Australia, we're always looking at products from across our global portfolio that we think Australians will love and will meet the taste preferences of local Cadbury fans" Chat... [Full Article...]

Amazon ‘Prime Day’ glitches cost company up to $99M

Amazon ‘Prime Day’ glitches cost company up to $99M Despite overall satisfaction with Prime Day deals, shoppers still rank Prime Day deals lower than Cyber Monday or Black Friday. The results saw Amazon leading the way, with 21,000 ads promoting Prime Day and other deals on the website. Amazon now has over 6,000 registered employee-owned dogs that roam the company's headquarters. Amazon hasn't yet revealed how much money people spent on the day... [Full Article...]

Marchionne could leave Ferrari earlier than expected!

Marchionne could leave Ferrari earlier than expected! In a statement, Mr Elkann said he was "profoundly saddened" by the situation. "Marchionne will be unable to return to work", the statement said. " Fiat Chrysler Automobiles communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. [Full Article...]

Shares take heart from Powell testimony as earnings flow in

Shares take heart from Powell testimony as earnings flow in Index heavyweight Samsung Electronics rose 1.85 percent and SK Hynix jumped 1.24 percent. The dollar index rose 0.18 per cent, to 95.113 after rising as high 95.407. counterpart to gain 0.42 percent to trade higher at 1.31899 USDCAD at the close, boosted by a stronger U.S. Dollar. But Brent has gained about 7.5 percent in 2018, during which it poked above $80 a barrel in May to a 3-1/2-year hi... [Full Article...]

Jeep boss Manley to replace Marchionne as CEO of Fiat Chrysler

The CEO of Fiat since 2004, Marchionne has long said he planned to step down in 2019 as CEO of the FCA automobile manufacturer. Fiat-Chrysler and Ferrari boss Sergio Marchionne could soon step down from his executive positions following an imminent decision by the Italian automotive group's board of directors. [Full Article...]

Charlotte Rogers: Burning clothes is a bad move for Burberry's brand

Charlotte Rogers: Burning clothes is a bad move for Burberry's brand Burberry is burning unsold stock to stop it falling into the wrong hands . Burberry insists that it captures the energy generated from burning its products , making the process "environmentally friendly". Ms Tually said overproduction results in massive waste in the global fashion industry. The FTSE 100 Company said past year was unusual as it had to destroy a large amount of perfume after si... [Full Article...]

McDonald's offering free french fries for the rest of 2018

McDonald's offering free french fries for the rest of 2018 Then don't miss out on this deal . McDonald's says customers can get a free soft drink Thursday as long as they make a $1 purchase. To access the coupon, customers must first download the McDonald's mobile app. [Full Article...]

BA sorry for Heathrow IT-crash delays and cancellations

BA sorry for Heathrow IT-crash delays and cancellations A number of short-haul flights were cancelled on Wednesday evening and Thursday morning after an incident involving a "supplier IT system". The carrier suffered a massive computer system failure in May 2017 , caused by a power supply issue near Heathrow , which stranded 75,000 customers over a busy holiday weekend - and left BA with a bill amounting to over £100 million. [Full Article...]


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