Business


TSA 'Quiet Skies' program watches passengers without their knowledge TSA 'Quiet Skies' program watches passengers without their knowledge
- August 02, 2018

The Boston Globe reported that thousands of Americans have already been tracked under the secret program. According to that report, some air marshals say that shadowing travelers who have no known terrorism links is expensive and time-consuming. (more...)
RBI monetary policy: Repo rate hiked by 25 bps
- August 02, 2018

RBI today hiked repo rate by 25 basis points, the first back-to-back rate hike since October 2013. The hike in repo rate will fuel the marginal cost based lending rate (MCLR), which has already being moving upwards as many banks have been increasing their MCLR. (more...)
China warns the USA about "blackmailing" over trade
- August 02, 2018

The proposal would increase the potential tariff rate from 10 percent the administration had initially put forward on July 10 for that wave of duties in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said on Tuesday. (more...)
Higher interest on fixed deposits for NRIs after RBI rate hike Higher interest on fixed deposits for NRIs after RBI rate hike
- August 02, 2018

Mumbai: Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent. Though the monetary policy statement noted that inflation projections for the second quarter have been revised marginally downwards compared to the June statement, several risk factors persist, including volatile crude oil prices and global financial markets, as well as concerns of fiscal slippage by the Centre or ... (more...)
Coles ditching the ban on plastic bags? That's why I'll choose Woollies Coles ditching the ban on plastic bags? That's why I'll choose Woollies
- August 02, 2018

It then extended the giveaway until August 1, but once that date rolled by it walked away from the deadline and said the free bags would continue to be provided to shoppers. When Coles originally announced its ban on single-use plastic bags it said it would provide its reusable and thicker Better Bags for free until July 8 to help customers adjust. (more...)
Tesla flags promise of profit as Model 3 production steadies Tesla flags promise of profit as Model 3 production steadies
- August 02, 2018

Despite the odd online behavior, Tesla has made $4 billion for Q2, compared to $2.78 billion for the same quarter a year ago. Tesla had to put some Model 3 production in a tent outside its Fremont facility, but it was necessary at the time to hit that all-important production goal of 5,000 Model 3s per week. (more...)
Japan's central bank makes policy adjustment as inflation target remains far-flung Japan's central bank makes policy adjustment as inflation target remains far-flung
- August 02, 2018

Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo , said investors will be more interested in U.S. GDP data that incorporates July, which is when tariffs against Chinese goods were activated. The central bank has failed to break Japan's entrenched deflationary mindset despite years of heavy money printing, with stubbornly soft inflation sapping its ammunition and global trade woes clouding the outlook for an export-reliant economy. (more...)
Trump imposes sanctions on Turkish officials over United States pastor's detention Trump imposes sanctions on Turkish officials over United States pastor's detention
- August 02, 2018

He was recently released to home detention. Ben Sasse, R-Neb., said in a statement applauding the sanctions Wednesday. White House spokeswoman Sarah Sanders called Brunson's detention "unfair", saying that Trump had spoken with Turkey's Recep Tayyip Erdogan about the pastor. (more...)
Tech exodus puts stocks US$300B in the red over 3 days Tech exodus puts stocks US$300B in the red over 3 days
- August 01, 2018

Baird in Milwaukee. The Nasdaq Composite fell more than 1 percent on Monday for the third straight session, as disappointing forecasts from a clutch of technology and internet companies fueled worries about the continued growth of the high-flying tech sector. (more...)
Trader Joe's wraps and salads may be affected by parasite Trader Joe's wraps and salads may be affected by parasite
- August 01, 2018

In a statement , Trader Joe's said no illnesses have been reported in connection with its products, and specified that they were sold only in Midwest stores. The affected products are chicken wraps and chicken salads sold only in Iowa, Illinois, Indianapolis, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio and Wisconsin. (more...)
Chipotle gives away free guacamole on National Avocado Day Chipotle gives away free guacamole on National Avocado Day
- August 01, 2018

The Mexican restaurant chain is offering free guacamole on an entree, or a free side of guac, with any online and mobile app orders on Tuesday. Here's where you can get discounted guacamole and more! Even Chipotle is getting in on the action, but make sure you follow the rules very carefully. (more...)
Yemen’s Houthis ready to unilaterally halt attacks in Red Sea Yemen’s Houthis ready to unilaterally halt attacks in Red Sea
- August 01, 2018

The Yemeni government, which is now headquartered in the coastal city of Aden and which is closely supported by the Saudi-led coalition, has yet to issue a formal response to the proposal. The UN considers the conflict, which has left almost 10,000 people dead in Yemen, to be the world's worst humanitarian crisis. But there was no indication when this would start or how long it would last. (more...)
JLR slips to £264 million pre-tax loss JLR slips to £264 million pre-tax loss
- August 01, 2018

This comes as its subsidiary, Jaguar Land Rover (JLR), posted lower revenues due to fewer vehicles sold in the period. Despite the challenges, the company remains committed to delivering the planned margins it outlined earlier this year, Chandrasekaran added. (more...)
Chipotle sickness: Hundreds report possible illness after eating at Ohio restaurant
- August 01, 2018

Chipotle shut the restaurant on Monday after it received complaints of illness from two customers, Laurie Schalow, the company's chief communications officer, said in an email. Patrick Quade, founder of the 9-year-old crowdsourcing website, said the cases have been reported to health officials in Delaware County, Ohio. He started the site after getting sick at a NY deli. (more...)
OnePlus surpasses Samsung in India's premium smartphone market for the first time
- August 01, 2018

As per Hong Kong based market tracker Counterpoint Research, OnePlus overtook Apple and Samsung in April to June quarter cornering over 40% share of the Indian premium smartphone market with devices priced over Rs 30,000. OnePlus was also the fastest-growing brand in the premium segment while shipments for Apple and Samsung declined year-on-year. This is a new trend where "affordable ultra-premium" is wooing aspiring rich and young consumers away from more expensive offerings from likes ... (more...)
China warns against blackmail as Donald Trump considers higher tariffs
- August 01, 2018

They include food products, chemicals, steel and aluminum and consumer goods ranging from dog food, furniture and carpets to vehicle tires, bicycles, baseball gloves and beauty products. The U.S. imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. (more...)
Oil Prices Fall After EIA Confirms Crude Inventory Build
- August 01, 2018

September Brent crude futures fell by seven cents to reach 74.90 dollars a barrel at 01:09 GMT after rising 68 cents, or 0.9 per cent, on Monday. "The oil market will be watching how this develops, given the amount of uncertainty around Iranian oil supply moving forward, as a result of USA sanctions", ING said in a note. (more...)
RBI hikes repo rate: What happens to your EMIs now
- August 01, 2018

Earlier in June, the Central bank had hiked the interest rates by 25 basis points. The central bank has pegged the retail inflation at 4.8 per cent for the second half of the ongoing fiscal anticipating increase in food prices due to hike in minimum support price (MSP). (more...)
Mirror and Express publisher swings to loss amid local newspaper squeeze Mirror and Express publisher swings to loss amid local newspaper squeeze
- August 01, 2018

Reach was forced to swallow a £150m impairment charge after being stung by "more challenging than expected" conditions in this part of the business. Despite this, we grew digital yields with digital revenue growing faster than audience. In Britain it owns a range of titles including The Daily Mirror , Daily Express , Daily Star and Manchester Evening News . Despite the wider challenges facing the industry Reach said it had delivered structural cost savings of £9m and is on course to ... (more...)
MoviePass to increase basic monthly subscription
- August 01, 2018

Which brings us to the present day, which happens to be the best time to cancel your MoviePass subscription and forget it ever existed. The reason? MoviePass was unable to pay their bills , meaning their service providers stopped providing services. (more...)
RBI increases repo rate by 25 bps to 6.50%
- August 01, 2018

How your EMIs are likely to be impacted A hike in repo rate will have a direct impact on borrowers as banks are likely to increase interest rates on loans in tandem. Banks will also take into account the cost of funds. With the new hike, home loans and EMIs are expected to become costlier. "Thus, irrespective of whether the MPC increases the repo rate, any increase in banks' fixed deposit rates will increase their cost of deposits, thereby leading them to hike their MCLR". (more...)
Uber Halts Self-Driving Truck Program to Steer Focus Exclusively to Cars Uber Halts Self-Driving Truck Program to Steer Focus Exclusively to Cars
- August 01, 2018

Uber had unveiled plans earlier this year to integrate manual trucking with self-driving trucks by deploying the former for short hauls and the latter for longer distances. Levandowski was a central figure in a blockbuster federal lawsuit filed by Waymo against Uber claiming trade secrets were stolen from the self-driving vehicle project where he worked before leaving to start Otto. (more...)
Alaska Airlines: Gay man accuses company of discrimination
- August 01, 2018

David Cooley is CEO and Founder of the iconic West Hollywood gay bar known as The Abbey Food & Bar - often voted the best in Los Angeles , and where everyone feels welcomed. from NY. "If you are an #LGBT person, please spend your travel dollars with an LGBT-friendly airline like Delta", wrote Cooley. Alaska Airlines confirmed to Fox News that the couple had been moved from the premium seats to the main cabin, but said the move was due to a mistake and not discrimination. (more...)
Nicaraguan protesters under siege for demanding democratic reform Nicaraguan protesters under siege for demanding democratic reform
- August 01, 2018

Still, Ortega said he was keen to restart dialogue, following a lull in clashes after security forces flushed protesters from strongholds in a lethal offensive earlier this month. "A broken Nicaragua would be taken over by drug trafficking", he added. In its Monday statement, the White House said it "stands with the people of Nicaragua, including members of the Sandinista party, who are calling for democratic reforms". (more...)
OnePlus top gainer, Apple biggest loser in India’s premium smartphone market OnePlus top gainer, Apple biggest loser in India’s premium smartphone market
- August 01, 2018

South Korean consumer electronics titan Samsung remained the top smartphone maker, shipping 71.5 million handsets, but Huawei moved into second position with shipments of 54.2 million, according to IDC Worldwide Quarterly Mobile Phone Tracker . (more...)
MoviePass Is Raising Prices to $14.95, Limiting Blockbusters MoviePass Is Raising Prices to $14.95, Limiting Blockbusters
- August 01, 2018

MoviePass wasn't ideal, but ostensibly, they were trying to make the movie-going experience accessible to everyone, and were met with angry entitlement. "While no one likes change, these are essential steps to continue providing the most attractive subscription service in the industry", said CEO Mitch Lowe . (more...)
Apple stock jumps after earnings beat Apple stock jumps after earnings beat
- August 01, 2018

Impressively, Apple managed to significantly boost revenue even amid somewhat stagnant iPhone sales, thanks to a climbing average selling price for the iPhone. -China trade disputes, but President Donald Trump has threatened hundreds of billions of further tariffs whose product categories have not yet been enumerated. (more...)
MoviePass is raising its price and cutting access to blockbusters
- July 31, 2018

The service temporarily shut down on Thursday night when the company ran out of money, according to the report. Investors in MoviePass's parent company are guzzling Dramamine Tuesday morning, as shares have been on a steep roller coaster, jumping more than 200% in early trading Tuesday, then quickly losing all of those gains-and more. (more...)
Harley-Davidson Bombshell Includes Adventure Bike Harley-Davidson Bombshell Includes Adventure Bike
- July 31, 2018

The Pan America 1250 is joined by 1,250 cc Custom as well as a 975 cc Streetfighter. Harley Davidson has announced that it will be launching a new adventure motorcycle, the Pan America , in 2020. Harley has also been investing in developing electric motorcycles as well as promoting its learn-to-ride academies at showrooms. What adventure or dual-sport motorcycles would you like to see from Harley-Davidson? New retail formats - including smaller, urban storefronts globally to expose the ... (more...)
McDonalds celebrates Big Mac's 50th anniversary by launching a new coin McDonalds celebrates Big Mac's 50th anniversary by launching a new coin
- July 30, 2018

Starting at the lunch rush on Thursday, customers can receive a MacCoin with the purchase of a Big Mac at 14,000 participating restaurants across the United States, McDonald's announced Sunday. No matter where they live in the world, Big Mac fans recognize the two all-beef patties, special sauce, lettuce, cheese, pickles and onions on a sesame seed bun as the iconic burger with a flavor combination that's just as craveable and delicious as the day it was introduced. (more...)

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