Snapchat’s Revenue Soars 44 Percent Despite Losing Users After App Redesign

But the closely followed average revenue per user increased to $1.40 from $1.05 in the same quarter a year ago. Spiegel said the company is still getting feedback from customers about it, and will continue to improve it over time. The deal comes as S... More..

by | Published more than a month ago
NYC Council approves cap on app-based ride-hail vehicles, citing congestion
by | Thursday, August 09, 2018

NYC Council approves cap on app-based ride-hail vehicles, citing congestion

Bhairavi Desai, the executive director of the New York Taxi Workers Alliance, said the councils" vote set a precedent for the world as companies like Uber and Lyft use technological innovation "to return us to ...More..

Oil falls as concern grows over Chinese refinery demand
by | Thursday, August 09, 2018

Oil falls as concern grows over Chinese refinery demand

ET (1551 GMT). Oil was trading at $74 per barrel of Brent benchmark, while the US West Texas Intermediate stood at $69.77 on Monday. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 590,000...More..

China fires back at US with extra tariffs
by | Thursday, August 09, 2018

China fires back at US with extra tariffs

The U.S. levied 25 per cent duties on US$34 billion in Chinese goods on July 6 , prompting swift in-kind retaliation from Beijing . Last week, China proposed additional tariffs on another $60 billion of US ...More..

Tesla’s Big Question: Better or Worse Off as Private Company
by | Wednesday, August 08, 2018

Tesla’s Big Question: Better or Worse Off as Private Company

An acquisition of Palo Alto, California-based Tesla by overseas investors would likely trigger a national-security review by the Committee on Foreign Investment in the U.S. Among these issues, short-sellers hav...More..

Ontario to offer incentives to brewers in buck-a-beer plan
by | Wednesday, August 08, 2018

Ontario to offer incentives to brewers in buck-a-beer plan

It's official. "Buck-a-Beer" is coming back to Ontario in time for the Labour Day long weekend. Asked whether he was concerned that cheaper beer might contribute to substance abuse and other harms, Ford said ...More..

China fires salvo in trade war with United States
by | Wednesday, August 08, 2018

China fires salvo in trade war with United States

In a statement , the Commerce Ministry said China could add duties of 5, 10, 20 or 25 percent on 5,207 types of US imports. China plans to impose a 25% tariff on imports of US-manufactured solar cells - but ...More..

Tesla buyout would need to go short on leverage
by | Wednesday, August 08, 2018

Tesla buyout would need to go short on leverage

It burned through less cash ー $739.5 million in Q2 compared to $1 billion the quarter before ー and managed to increase production significantly of the mid-range Model 3 sedan. It followed the news that Saudi ...More..

by | Tuesday, August 07, 2018

Elon Musk tweets he has funding to take Tesla private

Shortly after, Mr Musk responded to replies to his tweet, asking if he would remain in control of the company. Tesla's shares were up 6.5 percent at $363.46. Before its recent rally, Tesla's share price had b...More..

Dead fetus found toilet on American Airlines plane at LaGuardia
by | Tuesday, August 07, 2018

Dead fetus found toilet on American Airlines plane at LaGuardia

The crew called LaGuardia police the next day at 6:01 a.m., sources said. The Medical Examiner issued a statement: "we're investigating what we believe to be a human fetus found deceased on an airplane". LG...More..

Facebook Wants Banks to Hand Over Your Financial Information
by | Tuesday, August 07, 2018

Facebook Wants Banks to Hand Over Your Financial Information

Facebook has asked major banks to share financial information about their customers, such as card transactions and account balances, as it considers launching new financial products. Facebook is now facing mul...More..

NASCAR CEO Brian France charged with DWI in NY, police say
by | Monday, August 06, 2018

NASCAR CEO Brian France charged with DWI in NY, police say

France was observed operating a 2017 Lexus northbound on Main Street failing to stop at a duly posted stop sign", a police release said. TMZ reported that the 55-year-old was pulled over in Sag Harbor, N.Y....More..

Wall Street Losing a Rarity: Minority Female CEO
by | Monday, August 06, 2018

Wall Street Losing a Rarity: Minority Female CEO

Nooyi led Pepsi to become one of the most successful food and beverage companies in the world. Sixty-two-year-old Nooyi, who has been a part of the company for 24 years, will continue as the chairman of the boa...More..

FCA to block Mahindra Jeep copycat from entering US
by | Monday, August 06, 2018

FCA to block Mahindra Jeep copycat from entering US

FCA also alleges that the Mahindra Roxor would harm the goodwill and business it enjoys in the United States due to the fact that Mahindra imports the Roxor into the USA as completely knocked down units, whic...More..

Oil firm as Saudi output dips, Iran sanctions loom
by | Monday, August 06, 2018

Oil firm as Saudi output dips, Iran sanctions loom

In June, the U.S. state department said that countries buying oil from Iran should bring down to zero their Iranian crude imports by the time Washington re-imposes sanctions on November 4. Inventories ros...More..

GOP strategist: Trump will be anchor around Republicans' necks in 2020
by | Monday, August 06, 2018

GOP strategist: Trump will be anchor around Republicans' necks in 2020

President Trump speaks at a rally in support of congressional hopeful Troy Balderson in Lewis Center, Ohio. Mike Murphy's comments in which he characterizes Trump as a potential "anchor" around Republicans' ...More..

395 people sickened in McDonald’s salad outbreak
by | Monday, August 06, 2018

395 people sickened in McDonald’s salad outbreak

Sixteen people have been hospitalized, but there have been no fatalities, the Centers for Disease Control and Prevention reported . In response, McDonald's has stopped selling salads in 3,000 US restaurants ...More..

Oil prices looking for support as WTI tests back below $68
by | Monday, August 06, 2018

Oil prices looking for support as WTI tests back below $68

Brent crude futures were at $73.15 per barrel, down 30 cents from their last close. Oil prices went down on Friday amid rising supplies from countries including Russian Federation and Saudi Arabia. Crude pri...More..

Ryanair release strong statement blaming
by | Sunday, August 05, 2018

Ryanair release strong statement blaming "handful" of Aer Lingus pilots for strikes

The news comes as talks between the two parties made little progress. Pilots in Belgium and Sweden have announced a walkout for Friday, August 10. Ryanair pilots from Belgium and Sweden have already announc...More..

United States job growth slows in July, unemployment rate drops
by | Sunday, August 05, 2018

United States job growth slows in July, unemployment rate drops

On Friday, China's Commerce Ministry said a new set of proposed import tariffs on $60 billion worth of U.S. goods are rational and restrained and warned that it reserves the right of further countermeasures i...More..

Podcast | All you need to know about the RBI rate hike
by | Sunday, August 05, 2018

Podcast | All you need to know about the RBI rate hike

Despite the rate hike, the RBI maintained a neutral stance, which will give the central bank flexibility to move either way, depending on the inflation trajectory. That increase was the first since January 28...More..

Tim Cook writes to employees on Apple's $1 trillion valuation
by | Sunday, August 05, 2018

Tim Cook writes to employees on Apple's $1 trillion valuation

Amazon is worth almost $900 billion while Google and Microsoft are each now worth more than $800 billion. But Amazon's market capitalization would overtake Apple's later in 2018 if both companies shares ...More..

State refiners drive India's July Iran oil imports to a record
by | Sunday, August 05, 2018

State refiners drive India's July Iran oil imports to a record

The financial news provider quoted informed officials on Friday as saying that the United States had been unable to persuade China to cut Iranian oil imports and that Beijing's purchases from Tehran l...More..

Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229
by | Sunday, August 05, 2018

Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229

Former two-weight world champion McGregor has wanted to face Nurmagomedov for some time. Nate Diaz made his thoughts on the UFC's Conor McGregor announcement very clear on Friday. Diaz vented his frustrat...More..

Red alerts for Portugal, Spain amid 'extreme heat'
by | Sunday, August 05, 2018

Red alerts for Portugal, Spain amid 'extreme heat'

Anyone heading to mainland Europe over the weekend or early next week is advised to remain out of the sun as much as possible during the peak hours - 11am to 2pm - and not to take part in any physical exertio...More..

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