Stories about Finance

Feb 18 2019

EV startup Rivian gets $700M in funding, led by Amazon

Scaringe, 36, said Rivian wasn't in dire need of funds because backers led by Japan's Sumitomo Corp. and Saudi auto distributor Abdul Latif Jameel Ltd. The funding wi...

Feb 15 2019

Amazon's Acquisition of Eero Solidifies Move to Smart Home Concept

The terms were not disclosed. Amazon and eero have entered into a definitive merger agreement under which Amazon will acquire eero. "A number of companies have been...

Feb 15 2019

Bill Gates Calls Out Ocasio-Cortez Tax Policy

Although no designer has come forward to publicize their participation in Ocasio-Cortez outfit, Glamour magazine reported that internet sleuths went looking for the mos...

Feb 15 2019

Injured During 'Insane' Turbulence on Delta Flight

One, Dave Macias, told Fox News: 'We just saw the drink cart go up in the air. The plane landed safely at the Reno-Tahoe International Airport where three of the five i...

Feb 15 2019

Newsflash: Bitcoin Basher Jamie Dimon & JP Morgan Just Launched Their Own Cryptocurrency

The New York-based bank also joined Wells Fargo in banning the purchase of cryptos through their credit cards. However, critics of JP Morgan's digital currency bring ...

Feb 14 2019

Trump says he wasn’t aware of tabloid’s Bezos investigation

The person wasn't authorised to discuss the matter publicly and spoke to AP on condition of anonymity. He suggested the Enquirer coverage was politically motivated as...

Feb 14 2019

Amazon just canceled HQ2 in NY, and everywhere else too

It was supported by New York City mayor Bill de Blasio and the governor, Andrew Cuomo . "The question is whether it's worth it if the politicians in NY don't want ...

Feb 14 2019

GM and Amazon Eye Investment In Rivian

If an investment does take place, the business move would help bolster Rivian in its mission to launch an electric pickup truck in the US. The Reuters source says the d...

Feb 14 2019

Amazon to buy Wi-Fi device maker Eero

According to PitchBook, Eero was last valued at US$125 million in a Series D in 2017, and is backed by firms such as Shasta Ventures and Qualcomm. Though the terms of the...

Feb 14 2019

Tesla update to include Dog Mode

A fan tweeted at Elon Musk in October asking for a dog mode which keeps the ac on and plays music. To enable Dog Mode, simply tap the fan icon at the bottom of the touc...

Feb 14 2019

US Solar Jobs Down for 2nd Year Amid Trump Tariffs

Florida is seeing strong job growth in the solar sector. "That said , despite this adversity, the US solar industry's long-term growth trajectories remain strong", ...

Feb 14 2019

China's trade surplus with United States narrows in January

Chamber of Commerce's China Center and a former U.S. trade official. With the March 1st deadline looming to thrash out a trade deal between the world's two biggest econ...

Feb 14 2019

Airbus says A380 superjumbo production will end

The prospect of shutting output comes at an awkward moment for Airbus as rival Boeing celebrates the 50th anniversary of its 747 jumbo - the jet that revolutionized lon...

Feb 14 2019

OPEC squeezes oil output to 4-year low, Russian Federation compliance low

Nigeria's oil production was to be cut by 53,000 barrels to arrive at a new quota of 1.685 million bpd down from Nigeria reference production figure of 1.797m bpd. Output...

Feb 14 2019

Lufthansa Airlines Sues Customer Who Skipped Part Of His Return Flight

Lufthansa has taken a passenger, who didn't show up for the last leg of his ticketed journey, to court in an apparent bid to clamp down on "hidden city" ticketing . Luf...

Feb 14 2019

China smartphone market to continue decreasing in Q1

The California-based firm commanded just a 9.1 percent of the Chinese smartphone sector previous year, placing it fifth among all makers, Beijing News reported today, cit...

Feb 14 2019

Tencent investment in Reddit sparks censorship worry, United States News & Top Stories

The round has not been without controversy given that its lead investor, Tencent, is not only a major Chinese company, a country where Reddit is banned, but also a tech...

Feb 14 2019

Japanese auto chief Carlos Ghosn appoints defence lawyer nicknamed 'Razor'

Motonari Ohtsuru, the lawyer who had initially headed his defence, resigned as of Wednesday. Hironaka, 73, has won several high-profile cases, helping acquit senior law...

Feb 13 2019

May seeks more time for Brexit talks

Pro-Brexit demonstrators protest outside the Houses of Parliament, in Westminster, London, Britain, February 13, 2019. The report has the potential to rip a hole in t...

Feb 13 2019

OPEC cuts 2019 oil demand forecast on global slowdown

Most of that reduction has been thanks to Saudi Arabia. Venezuela accounted for 16 percent of OPEC output and 8 percent of world production in 1970 but those percentage...