Business

Business Brazilians Brace for Shortages as Truck Driver Protests Continue
Author: 0 Brazilians Brace for Shortages as Truck Driver Protests Continue

The Brazilian Association of Truckers, which says it represents about 700,000 of Brazil's approximately 1 million independent drivers, walked out. Through it all, Temer's administration has struggled to confront the stoppage, exposing a yawning gap between politicians in the capital of Brasilia and thousands of truckers who are key to keeping Brazil running, in part because the commodity-rich nation has no significant rail or canal system to move goods.

Business Kim, Moon meet to rescue meet
Author: 0 Kim, Moon meet to rescue meet

President Donald Trump took to Twitter this morning to state that there is absolutely "ZERO disagreement within the Trump administration on how to deal with North Korea....and if there was, it wouldn't matter". In March, apparently acting on impulse, Trump agreed to the talks with Kim after only limited input from aides. The plan followed months of war threats and insults between the leaders over North Korea's development of missiles capable of reaching the United States.

Business White House strikes deal to lift curbs on ZTE
Author: 0 White House strikes deal to lift curbs on ZTE

The Chinese company depends on these components to make its products, and the ban, imposed earlier this month , threatened to put ZTE out of business. A completed deal is considered a key piece of the ongoing trade negotiations with China. "China crushes USA companies with no mercy & they use these telecomm companies to spy & steal from us", Rubio tweeted.

Business Elon Musk wants to name his journalist-rating site after Communist newspaper
Author: 0 Elon Musk wants to name his journalist-rating site after Communist newspaper

Mr. Musk replied with a "hugging face" emoji. - Disproportionately covering automobile deaths involving Tesla . Here, Musk argued that the media's lack of credibility resulted in his election. Thinking of calling it Pravda...", the co-founder and owner of PayPal, SpaceX and Tesla wrote on Twitter. Tesla did not immediately respond to a request for comment about Musk's tirade.

Business Russian Federation accused of plotting massive VPNFilter malware attack
Author: 0 Russian Federation accused of plotting massive VPNFilter malware attack

The modular nature of the malware means it could be used for a number of reasons: there are capabilities to "kill" infected devices, covering the attackers' tracks, and to steal website credentials and monitor Modbus SCADA protocols. One other possible period is late June when the country celebrates Constitution Day. Cisco and Symantec both steered clear of attributing the VPNFilter malware to any particular actor, but an Federal Bureau of Investigation affidavit explicitly attributed it ...

Business Service dog gives birth to 8 puppies at Florida airport gate
Author: 0 Service dog gives birth to 8 puppies at Florida airport gate

Eleanor Rigby, or Ellie for short, is a yellow lab that turned 2 years old earlier this month. Tampa Fire Rescue documented the exciting moment, posting pictures and video on Twitter. Diane Van Atter and her stepmother were on their way to Philadelphia with their two service dogs when the female, Eleanor Rigby, went into labour, NBC news reports.

Author: 0 Emergency brakes disabled on unmanned Uber that killed Arizona woman

Weirdly, "the system is not created to alert the operator", the NTSB report states. An Uber spokeswoman would not comment immediately on the report. No faults or diagnostic messages were present at the time of the crash. In a statement, Uber said it is "committed to self-driving technology" and is seeking to return its driverless fleet to the road "in the near future".

Business Tesla settles class action lawsuit over ‘dangerous’ Autopilot system
Author: 0 Tesla settles class action lawsuit over ‘dangerous’ Autopilot system

Tesla CEO Elon Musk, who issued a scathing attack on media credibility yesterday, has been vocal against those who criticize Tesla cars, despite growing concern about their safety. At the time, Musk said it was 'super messed up " that the incident was garnering public attention, while thousands of accidents involving traditional automobiles "get nearly no coverage'.

Business North Korea summit after all? Trump says 'everybody plays games'
Author: 0 North Korea summit after all? Trump says 'everybody plays games'

We're talking to them right now. "They very much want to do it; we'd like to do it, " he said. "We'd like to do it". "We're going to see what happens". Japan's foreign minister, Taro Kono, said it was "meaningless to hold a summit if it does not bring about progress", but added he would continue to support the idea of a Trump-Kim meeting at a later date.

Business Memorial Day Travelers Met with High Gas Prices
Author: 0 Memorial Day Travelers Met with High Gas Prices

The record travel estimate comes despite higher gas prices than at this time past year. California as of Friday is the most expensive place in the country to fill up, with an average price of $3.727 a gallon, just ahead of Hawaii's $3.712, AAA data shows .

Business Champions League final: Second company cancels Kiev flight
Author: 0 Champions League final: Second company cancels Kiev flight

Liverpool play Real Madrid on Saturday in the Ukrainian capital in their first Champions League final in 11 years. Liverpool of course have their own rich heritage as far as the competition is concerned having reached their eighth European Cup/Champions League final (first since 2007) at least three more than any other English side.

Business Trump grants posthumous pardon to boxing legend Jack Johnson
Author: 0 Trump grants posthumous pardon to boxing legend Jack Johnson

Johnson, who captured the title in 1908 and defended it with a famed 1910 victory over former champion James J Jeffries in a bout dubbed the Fight of the Century, was regarded as a master of defense and ring generalship. "To the president, Mr. Stallone said, 'It's incredible you've done this.' Sen". Trump issued an executive grant of clemency to John Arthur "Jack" Johnson , the first African American heavyweight champion of the world, for a Mann Act conviction.

Business Uber 'winding down' self-driving operations in Arizona following deadly crash
Author: 0 Uber 'winding down' self-driving operations in Arizona following deadly crash

The decision to pull its autonomous vehicles out of Arizona comes after one of the company's self-driving Volvos ran a woman over as she was crossing a street in a Phoenix suburb. As you know, there's been a public call for the suspension of our self-driving program on Arizona's public roads and we have chose to refocus the bulk of our efforts in our engineering hubs in San Francisco and Pittsburgh.

Business Energy ETFs Plunge as OPEC Looks to Higher Production
Author: 0 Energy ETFs Plunge as OPEC Looks to Higher Production

Still, Senate Democratic Leader Chuck Schumer exhorted the president to "stand up to OPEC " at a press conference in Washington on Wednesday. On May 22, the media said that OPEC at a meeting in June could decide to increase production.

Business NFL sparks new questions over anthem; Trump lauds league
Author: 0 NFL sparks new questions over anthem; Trump lauds league

Judging by immediate reaction from the NFLPA, outspoken National Football League players on social media and even some of his fellow team owners, mission unaccomplished. "I think the [American] people pushed it forward". Teams will be fined if their players disobey the new rules. "I think [the new policy] is all about eliminating distractions for the team and for the audience".

Business Trump aims at NAFTA allies with imported-vehicle tariffs
Author: 0 Trump aims at NAFTA allies with imported-vehicle tariffs

Applying the tariffs under Section 232, meanwhile, would require a lengthy investigation and report from the U.S. Commerce Department. One Canadian official, speaking on condition of anonymity, said they had heard nothing of the potential investigation before word leaked out of the White House and into the Wall Street Journal Wednesday afternoon, a few hours before the announcement.

Business Mowgli, The Other Live-Action Jungle Book Movie, Finally Gets A Trailer
Author: 0 Mowgli, The Other Live-Action Jungle Book Movie, Finally Gets A Trailer

Directed by Andy Serkis , the film is based on Rudyard Kipling's iconic novel The Jungle Book which is the story of a boy who was brought up by wolves in the jungles of India. Unlike The Jungle Book , wherein the movie retold the tale of how Mowgli adapted to the jungle, Mowgli attempts to tell the lesser shared story about what happens after he becomes a part of the green land.

Business Iran tells Europe to step up and save nuclear deal
Author: 0 Iran tells Europe to step up and save nuclear deal

The speech was a fresh example of the Trump administration's maximalist with-us-or-against-us strategy that's also playing out over North Korea's nuclear program. First and foremost, it is highly crucial for Iran that the Europeans keep buying oil from the country - now around 700,000 barrels per day (bpd) or roughly 40% of overall Iranian oil exports.

Business Texas School Shooter's Lawyer Looking Into Bullying Charges
Author: 0 Texas School Shooter's Lawyer Looking Into Bullying Charges

In their first statement since the massacre , the family of 17-year-old suspect Dimitrios Pagourtzis said on Saturday the bloodshed, "seems incompatible with the boy we love". "We have 50 million abortions". "Every time you'd try to start a conversation with him he'd just kind of like laugh, wouldn't really continue on with the conversation".

Business Unai Emery to Arsenal: Reason Mikel Arteta was NOT named manager revealed
Author: 0 Unai Emery to Arsenal: Reason Mikel Arteta was NOT named manager revealed

The veteran French coach said last week that he felt Arteta, now assistant manager under Pep Guardiola at Manchester City , "has all the qualities to do the job". Wenger, however, will not have any say in the appointment of the new man, and was pictured waving goodbye as he left the club's Hertfordshire training complex on Monday.

Business Steve Bannon Blasts Mnuchin for Botching China Trade Negotiations
Author: 0 Steve Bannon Blasts Mnuchin for Botching China Trade Negotiations

Boeing rose 3.6%, while Caterpillar shares gained 2.1%. Still, Mr. Trump rubbed Democrats' faces in the promising developments, singling out his nemesis Senate Minority Leader Charles E. interests. But Beijing made no specific commitment. However, trade ministers from the bloc's 28 member states will discuss a plan laid out by EU leaders for a limited EU-US trade deal as well as opening up the European market to US natural gas - if the exemption is granted.

Business As talks resume, China ends anti-dumping probe of USA sorghum
Author: 0 As talks resume, China ends anti-dumping probe of USA sorghum

China started investigating USA sorghum in February after finding that large volumes and falling prices hurt Chinese producers. The Chinese Commerce Ministry said Friday the investigation, which started in January, found that imposing anti-dumping duties on USA sorghum would increase living costs for Chinese consumers.

Business Circle Grabs $110M, Will Launch US Dollar-Backed Cryptocurrency
Author: 0 Circle Grabs $110M, Will Launch US Dollar-Backed Cryptocurrency

Led by China-based mining outfit Bitmain , the round includes support from Accel , Blockchain Capital , Breyer, Digital Currency Group, General Catalyst , IDG, Pantera and Tusk Ventures. Since the start of the 2017 crypto asset boom and re-emergence of digital money in the mainstream mindset, Circle began making new plays in the space.

Business No Man's Sky gets multiplayer this summer
Author: 0 No Man's Sky gets multiplayer this summer

Murray broke the news during Microsoft's latest Inside Xbox livestream , stating that the new multiplayer will improve on the current system by allowing for more player interaction. Playing on Xbox One is a great way to pass up free time, but this gets even better when you team up with your friends. No Man's Sky has a lot we're going to surprise people with the Next update and I can't wait until we can share more as we lead up to launch on July 24.

Business Starbucks Back At It: Customer Given Cup With Racial Slur
Author: 0 Starbucks Back At It: Customer Given Cup With Racial Slur

The U.S. coffee chain Starbucks is in hot water again this week, after a Latino man in Los Angeles said he received his drink order with a racial slur written on it. "This is not the experience that we want for our clients", the statement read. "We have apologized to the customer directly and are working to make things right".

Business BMW teases iNext initial design concept
Author: 0 BMW teases iNext initial design concept

Though, according to Krüger, we should see a Vision Concept of this upcoming fully-electric, fully-connected and highly autonomous BMW later this year. Although not one of the official five levels of autonomy, "level 3.5" will bridge the gap between 3 and 4; the former allows part-time fully autonomous driving but requires human intervention in certain circumstances, while level 4 allows completely human-free driving altogether.

Business IShares Global Infrastructure ETF (IGF) Declines 0.2% for May 17
Author: 0 IShares Global Infrastructure ETF (IGF) Declines 0.2% for May 17

The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. AroonDown and the AroonUp indicators are used together and combined are called the Aroon indicator. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Active investors may choose to use this technical indicator as a stock evaluation tool.

Business YouTube Announces Expanded Music Credits on Videos
Author: 0 YouTube Announces Expanded Music Credits on Videos

Collected below are some of the most interesting and compelling videos released over the last week. YouTube have added musical credits for over 500 million videos giving artists and writers their deserved acknowledgement in the millions of videos they are used.

Business Walmart (WMT) Lowered to Hold at Zacks Investment Research
Author: 0 Walmart (WMT) Lowered to Hold at Zacks Investment Research

Hartford Fincl Mgmt stated it has 0.23% in Walmart Inc. It dived, as 68 investors sold Walmart Inc. shares while 541 reduced holdings. The titles are as follows: "Have Walmart, Flipkart Tied the Knot?" released on May 04, 2018, "Walmart: Winner In The Flipkart Bidding Race?" on May 10, 2018, "6 Most Important Things in Business Today" with a publish date: May 16, 2018, "Walmart Sheds UK's Asda, Looks to India for Growth" and the last "Walmart Leads Amazon in Online Grocery Shopping" with ...

Business Brent oil hits Dollars 80 for first time since late 2014
Author: 0 Brent oil hits Dollars 80 for first time since late 2014

Saudi pledges to maintain stability in the oil markets should be taken with a pinch of salt. "You have the threat that a high enough price will start to activate the 7,700 drilled but uncompleted wells in the Lower 48 states", said Walter Zimmerman, chief technical analyst at ICAP TA.

Business Mothercare boss to return in shock U-turn as retailer plans store closures
Author: 0 Mothercare boss to return in shock U-turn as retailer plans store closures

Newton-Jones was abruptly ousted as CEO on April 4 by former chairman Alan Parker but will now return. ‎"The recent financial performance of the business, impacted in particular by a large number of legacy loss-making stores within the United Kingdom estate, has resulted in an unsustainable situation for the Mothercare brand, meaning the group was in clear need of an appropriate resolution.

Business Kroger's automation deal sends Ocado shares up 50%
Author: 0 Kroger's automation deal sends Ocado shares up 50%

As part of the agreement, Kroger will be the British firm's exclusive partner in the U.S. and will pay undisclosed monthly exclusivity and consultancy fee to the company. It also said that Kroger , which recorded sales of US$122bn during 2017, making it the largest grocery retail chain in the U.S. in terms of revenue, was best placed to retain that market-leading position.

Business Sensex falls over 150 points; Nifty trades at 10736
Author: 0 Sensex falls over 150 points; Nifty trades at 10736

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed at 10,801.85 points - down 4.75 points or 0.04 per cent - from the previous close of 10,806.50 points. VK Sharma, head, private client group and capital market strategy at HDFC Securities said, "The Nifty slipped 58 points or 0.54% to close at 10,683".

Business Senate backs effort to restore 'net neutrality'
Author: 0 Senate backs effort to restore 'net neutrality'

But most Republicans opposed the effort, saying the regulations were potentially too onerous and that Democrats were trying to use the issue for partisan gains in November. "Make no mistake - the abolition of net neutrality will erode the democratic fabric that binds the Internet together", said McGrath. "It's disappointing that Senate Democrats forced this resolution through by a narrow margin".

Business Ford resuming production of lucrative F-150 trucks on Friday
Author: 0 Ford resuming production of lucrative F-150 trucks on Friday

Production of the Expedition and Navigator SUVs continues without interruption at Louisville, Ford said. The vehicle generated $41 billion in revenue past year, about 28 percent of total sales and the lion's share of Ford's profits. A May 2 fire severely damaged the main plant at the Meridian Magnesium Products of America factory in Eaton Rapids, near Lansing. The disruption also shut down production of Ford's best-selling F-150 pickups in Kansas City and Dearborn, Michigan, but those plants ...

Business Tesla sets up Shanghai firm as it expands China presence
Author: 0 Tesla sets up Shanghai firm as it expands China presence

According to a filing with the National Enterprise Credit Information Publicity System , Tesla Motors HK Limited has registered the wholly owned company with a paid-up capital of 100 million yuan (US$15.8 million). Tesla's aspirations to build a factory in China has been well-known. It also operates in Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam and Japan and has 2.7m customers in Asia, according to its own statistics.

Business France's Total to quit Iran gas project if no sanctions waiver
Author: 0 France's Total to quit Iran gas project if no sanctions waiver

Total "will have to unwind all related operations before 4 November 2018", the company said, referring to a deadline set by the US Treasury Department for companies to wind down their operations before sanctions go into effect - "unless Total is granted a specific project waiver by the US authorities with the support of the French and European authorities".

Business Coinbase Catalyzes Institutional Adoption With New Product Suite
Author: 0 Coinbase Catalyzes Institutional Adoption With New Product Suite

There is a problem, there are very few regulated platforms, and they do not facilitate services for enterprises, hedge funds, or other important institutions. The launching partners of Coinbase Custody include: Autonomous Partners, boostVC, MetaStable, Multicoin Capital, Polychain Capital, Scalar Capital, Walden Bridge Capital, and others.

Business Paddy Power US arm to merge with Edinburgh firm FanDuel
Author: 0 Paddy Power US arm to merge with Edinburgh firm FanDuel

In a statement noting media speculation, the FTSE 100-listed betting firm said "discussions, regarding a potential combination of the Group's U.S. business and FanDuel to create a combined business to target the prospective USA sports betting market" are ongoing.

Business Amazon is moving into blockchain with a new partnership
Author: 0 Amazon is moving into blockchain with a new partnership

Regarding this new partnership, and set of tools, Amazon's statement said "Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves". "Many of today's discussions around blockchain technology remind me of the classic Shimmer Floor Wax skit". The Kaleido blockchain cloud was piloted in a bank in the Philippines.

Business Meghan Markle's father in doubt for wedding as media frenzy mounts
Author: 0 Meghan Markle's father in doubt for wedding as media frenzy mounts

Thomas Markle was also supposed to walk her daughter down the aisle during the church ceremony at the grounds of Windsor Castle . As the Christian customary, Meghan's father was to walk her down the aisle on her D-day. Meghan is Doria's only child, and the two are known to have a close relationship, with Doria accompanying Meghan on the red carpet on many occasions and even attending the Invictus Games with Meghan and Harry past year.

Business Macys Inc. (NYSE:M) Reports 1Q18 Profit Surge; Tops Estimate
Author: 0 Macys Inc. (NYSE:M) Reports 1Q18 Profit Surge; Tops Estimate

Macy's had a net margin of 6.23% and a return on equity of 24.93%. The company also raised its earnings guidance for 2018 by 20 cents per share, to between $3.75 and $3.95. The disclosure for this sale can be found here. American International Group Inc. now owns 23,923,612 shares of the company's stock worth $602,636,000 after purchasing an additional 11,894,858 shares during the last quarter.