Markets

Shareholder Suit Alleges Pizza Chain Papa John's Hid Executives' Misbehavior

Shareholder Suit Alleges Pizza Chain Papa John's Hid Executives' Misbehavior Schnatter's words spurred a backlash on social media, made the company the butt of jokes on late night shows and forced it to distance itself from neo-Nazi groups. The board members said they have received "outspoken support from customers, employees, franchisees, partners and shareholders for the actions we are taking". [Full Article...]

California approves net neutrality bill considered the strongest in the country

California approves net neutrality bill considered the strongest in the country A lawsuit targeting the bill could eventually find its way to the Supreme Court, Tobias added. Supporters of net neutrality rules have been fighting the FCC's ruling on multiple fronts. The bill would also ban paid data cap exemptions (so-called "zero-rating") and says that ISPs may not attempt to evade net neutrality protections by slowing down traffic at network interconnection points. [Full Article...]

How major U.S. stock indexes fared Friday

How major U.S. stock indexes fared Friday At 10:11 a.m. ET the Dow Jones Industrial Average (.DJI) was up 22.42 points, or 0.09 percent , at 26,009.34, the S&P 500 (.SPX) was up 3.05 points, or 0.11 percent, at 2,904.18 and the Nasdaq Composite (.IXIC) was up 26.51 points, or 0.33 percent, at 8,114.87. [Full Article...]

CBOE Announces an Ether Futures

CBOE Global Markets , the exchange group behind the first market for bitcoin futures, has told market makers that the debut of ethereum futures is getting close. The Securities and Exchange Commission ( SEC ) in the USA commented about the Ethereum in June this year that it is not a security. In recent times, it has emerged that between CFTC and the Securities and Exchange Commission (SE... [Full Article...]

Game over? China to rein in online games

Game over? China to rein in online games The limits came around the same time as Tencent drew scrutiny from China's communist party mouthpiece, the People's Daily , which described " Honour of Kings " as poison and called for tighter regulatory controls of online games. NetEase Inc., its closest competitor, fell 7.2 percent in NY. Game makers also fell in Japan, where many depend on the China market for revenue. "[China] wil... [Full Article...]

More shared electric scooters come to Tempe

More shared electric scooters come to Tempe The most popular of these scooter companies is Bird . United States bike and scooter share company Lime , formerly LimeBike, has applied to the Christchurch City Council for a permit to operate 700 e-scooters in the city for a three-month trial starting mid-September. [Full Article...]

Ford cancels plans to sell Focus Active in US

Ford cancels plans to sell Focus Active in US But now with the tariff, Ford says it will scrap that plan and just not sell any new Focuses in the USA next year. But recent tariffs imposed on imports from China by the US administration would have trimmed profits on an already low-margin vehicle, according to the Detroit News . [Full Article...]

European Union piles pressure on United Kingdom over Irish border plan

European Union piles pressure on United Kingdom over Irish border plan The European Union's Michel Barnier said it was "possible" to get an agreement in time for a summit of all the bloc's leaders in Brussels on October 18-19, though a delay into November was also possible. Barnier said unresolved issues included geographical indication labels for specialised local products, nuclear cooperation, data protection and the role of the EU's top court in policing the agr... [Full Article...]

Watchdog clears merger of Npower and SSE

Watchdog clears merger of Npower and SSE But Ms Lambert cautions: "Many people don't shop around for their energy, so we carefully scrutinised this deal". Britain's Big Six energy suppliers are on the cusp of becoming five after the competition watchdog gave the green light to the merger of SSE and Npower . [Full Article...]

Australia, Indonesia free trade deal close

Australia, Indonesia free trade deal close The deal, which is expected to be signed by year-end pending legal fine-tuning, was the highlight of the first overseas trip by new Australian Prime Minister Scott Morrison since he replaced Malcolm Turnbullin a bitter leadership battle last week. [Full Article...]

Panasonic runs from Brexit Britain on tax haven fears

Panasonic runs from Brexit Britain on tax haven fears Panasonic's announcement follows a warning from the Japanese business lobby that companies are " seriously concerned " about continuing Brexit uncertainty. But the bigger concern is the impact of Brexit on the future of Panasonic's manufacturing operations in the United Kingdom after April 2019. Last but not least, moving the regional headquarters to Amsterdam will help Panasonic avoid any barri... [Full Article...]

Morgan Stanley upgrade takes Amazon closer to 1 dollar trillion mark

Morgan Stanley upgrade takes Amazon closer to 1 dollar trillion mark Shares rose as high as $2,009.67 before paring gains slightly. Both companies had already garnered a slew of price target increases after surpassing expectations for second-quarter earnings last month, and not a single analyst tracked by Bloomberg recommends selling either stock. [Full Article...]

TPG and Vodafone Confirm $15bn Merger Set To Intensify Competition

TPG and Vodafone Confirm $15bn Merger Set To Intensify Competition The so-called "merger of equals" will allow the two companies to better invest and drive innovation and product improvement to give customers more choice, they said. "We are confident that this merger will be highly beneficial to customers, shareholders and other stakeholders", he said. Nick Read, chief executive designate of Vodafone, said: "This transaction accelerates Vodafone's converged com... [Full Article...]

Trump renews threat to withdraw US from NAFTA

Trump renews threat to withdraw US from NAFTA But Trump issued a warning to both to Canadian Prime Minister Justin Trudeau and Congress on Saturday in a post on Twitter, writing he would go on without Canada and could unwind North American free trade if lawmakers would not support his approach. [Full Article...]

Crossrail Will NOT Launch In December

Crossrail Will NOT Launch In December It comes just a month after it was revealed the project is running nearly £600m over budget with extra funding required to complete the work. Sources said this week there was speculation the opening of what will be called the Elizabeth Line could be delayed. [Full Article...]

Cboe Prepares to Release a New Crypto Futures Option

Cboe Prepares to Release a New Crypto Futures Option According to Lee, futures contracts are in fact to blame for the crypto market's "gut-wrenching" drop , as his data revealed bitcoin's price dropped around CBOE futures expirations. According to the new report - it's certainly possible. "The product may launch by the end of 2018, one of the people said ". As one of the exchanges to push Bitcoin futures, it only makes sense that CBOE ... [Full Article...]

Uber shortlists India, 4 other countries for flying cabs

Uber shortlists India, 4 other countries for flying cabs Uber Air, is aiming to launch demonstration flights across a number of cities in 2020, with the hopes of having a fully functional paid flying taxi service in operation by 2023. Could flying taxis be the answer to India's traffic congestion problems? I believe public and private sectors, including companies outside of Japan , should work collaboratively to develop this new technology. [Full Article...]

Argentina raises interest rate to 60% as peso plunges

Argentina raises interest rate to 60% as peso plunges The central bank has already sold more than $13.5 billion (£10 billion) this year in a bid to help the currency and this has left it with $54.3 billion (£41 billion) in foreign currency reserves. "Over the past week, we have had new expressions of lack of confidence in the markets, especially over our ability to obtain financing for 2019", Macri acknowledged. [Full Article...]

Trump nixes federal pay raise

Trump nixes federal pay raise But the workers still could see a slightly smaller boost in their pay under a proposal lawmakers are considering. Federal workers have been hit with the negative news while troops are experiencing the opposite since they will get a 2.6 per cent increase next year . [Full Article...]

KFC contest giving $11K to parents who name baby 'Harland'

KFC contest giving $11K to parents who name baby 'Harland' Why $11,000 you might ask? If you're willing to gamble with your child's first name, bookmark https://www.kfc.com/babyharland . Entries for the contest are open, although entries can not fully be submitted until after your baby is born on September 9. [Full Article...]


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