Markets

Powerball Jackpot Now Worth Staggering $638 Million

Powerball Jackpot Now Worth Staggering $638 Million Saturday to purchase a Powerball ticket for $2 and possibly win the jackpot. It has a cash value of $380.6 million. The cash option is about $30.2 million. But if you only match one number and it happens to be the red Powerball , you'll walk away with $4. On May 18, Little Ferry resident Tayeb Souami won the $315.3 million prize with a ticket he bought at ShopRite in Hackensack. [Full Article...]

Oil wavers as OPEC pushes supply cut need, demand fears weigh

Oil wavers as OPEC pushes supply cut need, demand fears weigh They will continue to exercise restraint in putting barrels on the market. With OPEC withholding supply and US sanctions preventing Iranian and Venezuelan oil from entering markets, global crude flow data in Refinitiv showed a slight supply deficit likely appeared in the first quarter. [Full Article...]

Google fined €1.49bn by European Union for advertising violations

Google fined €1.49bn by European Union for advertising violations The misconduct included stopping publishers from placing any search ads from competitors on their search results pages, forcing them to reserve the most profitable space on these pages for Google's ads, and a requirement to seek written approval from Google before making changes to how rival ads were displayed. [Full Article...]

Mukesh Ambani clears brother Anil's Ericsson dues, saves him from jail term

Mukesh Ambani clears brother Anil's Ericsson dues, saves him from jail term The top court had ordered him to pay up within four weeks. Jio said the master agreement for acquisition of certain specific assets of RCom and the spectrum trading agreement for change in allotment of certain specific spectrum stand terminated. [Full Article...]

Tesla Model Y Revealed: Compact All-Electric Crossover Arrives 2020

Tesla Model Y Revealed: Compact All-Electric Crossover Arrives 2020 Expectations from the Model Y were, therefore, fairly low in terms of just how SUV-inspired its design might be. Tesla is now making a major U-turn and will reinstate normal prices for its cars , aside from the base price Model 3 . Top speed is listed as 120 miles per hour for the Standard Range , up to 150 miles per hour for the Performance . Elon Musk unveiled the brand new vehicle... [Full Article...]

Facebook says outage caused by server change, now resolved

Facebook says outage caused by server change, now resolved It wasn't just Queensland and New Zealand residents either, as there were also reports of calls being made to 911 in California, and other places in the US. In Washington, campaigners who have long called for the break-up of Facebook said the outage showed how the concentration of ownership of tech platforms is "dangerous" for consumers. [Full Article...]

Elon Musk says Tesla will raise prices and slow down store closures

Elon Musk says Tesla will raise prices and slow down store closures We will only close about half as many stores, but the cost savings are therefore only about half. With that increase, the base price of the Mid Range Model 3 would rise $1,200 to $42,400 (all prices assuming the mandatory $1,200 destination and documents fee remains the same), for example, and the Long Range Dual Motor all-wheel drive Model 3 would rise from $48,200 to $49,610. [Full Article...]

US Hiring Slows, Adding Only 20000 Jobs in February

US Hiring Slows, Adding Only 20000 Jobs in February This shows the national economy, like the stat of Massachusetts' economy, appears to see its growth slowing. Other Services added 500 (+0.4%) jobs over the month. Over the year, Education and Health Services gained 9,800 (+1.2%) jobs. However, the number is still behind the national average and neighboring MA (both at 1.8 percent for the year). [Full Article...]

Tesla unleashes its first ultra fast 250kW supercharger

Tesla unleashes its first ultra fast 250kW supercharger The 250kW Version 3 ( V3) Supercharger is a new design that enables you to charge at full power rather than having to split charging with another auto that's also charging. With these updates, Tesla expects customers will now spend about 15 minutes at the station. How much the Models S and X will benefit is as yet unknown; Tesla confirmed with The Driven earlier this week that the "new" S... [Full Article...]

China sets 2019 GDP growth target of 6.0-6.5 pct - Premier Li

China sets 2019 GDP growth target of 6.0-6.5 pct - Premier Li At the same time, it will cut social security fees paid by companies. With this year's increase, China's defence spending moved closer to the Dollars 200 billion mark, making it the highest spender on defence after the United States. In recent years, China has rapidly constructed islands with military infrastructure in the South China Sea, where it and several Southeast Asian countries have ov... [Full Article...]

Indian dentist murdered in Sydney, ex-boyfriend dies in subsequent road accident

Indian dentist murdered in Sydney, ex-boyfriend dies in subsequent road accident Reddy's body which was stabbed numerous times was found in a vehicle parked in Strachan Lane in Kingsford on Tuesday, days after she went missing from Sydney's busiest area under mysterious circumstances. In a statement released on behalf of Dr Reddy's family, her sister, Nithya, said: "Words can not capture the pain we are feeling with the passing of my lovely big sister". [Full Article...]

UK's May warns EU on disorderly Brexit

UK's May warns EU on disorderly Brexit If May loses Tuesday's vote , MPs will then vote on Wednesday on whether to proceed without a deal . "The EU must support retailers to mitigate the many supply-chain issues that could arise, and decision makers in London must use their votes in Parliament to protect ordinary consumers from higher prices and reduced choice that would result in a no deal scenario", said William Bain, polic... [Full Article...]

Huawei takes U.S. to court, claims ban unconstitutional

Huawei takes U.S. to court, claims ban unconstitutional Congress has repeatedly failed to produce any evidence to support its restrictions on Huawei products. As a result, the company is left with no choice but to take this legal action. The 5G telecommunication can be deemed as an improvement that Huawei was slated to lead. Industry analysts say excluding the Chinese vendor from markets for 5G equipment would reduce competition and might lead to highe... [Full Article...]

Bugatti La Voiture Noir Is a $12.5 Million One-Off Atlantic Tribute

Bugatti La Voiture Noir Is a $12.5 Million One-Off Atlantic Tribute The other disappeared over 80 years ago and has never been found. "We have just succeeded in doing so with "La Voiture Noire"," said Bugatti president, Stephan Winkelmann. "At the same time, we are transferring extraordinary technology, aesthetics, and extreme luxury to a new age". Whenever there is any news or update about Bugatti, it has to be special as the French automobile manufacturer is... [Full Article...]

No Big Impact: India After Trump Says Will End Preferential Trade Status

No Big Impact: India After Trump Says Will End Preferential Trade Status Hours after the United States announced its intention to "terminate" New Delhi's designation as a beneficiary of its Generalised System of Preferences (GSP ), Commerce Secretary Anup Wadhawan said India does not plan to impose retaliatory tariffs on the U.S. [Full Article...]

NYC officials plead with Jeff Bezos to win back HQ2

NYC officials plead with Jeff Bezos to win back HQ2 Amazon pulled out of the deal early last month after facing harsh, vocal opposition from several of the state's lawmakers, most notably from freshman congresswoman Ocasio-Cortez . The company has said it's not planning to look for a substitute for NY to build its HQ2 any time soon. "We should not be giving up on 25-40 thousand jobs and this significant new investment", says Partnership Pre... [Full Article...]

Lyft tries to differentiate itself from Uber in its IPO pitch

Lyft tries to differentiate itself from Uber in its IPO pitch Its net loss in 2018 came to $911.3 million. Lyft had $517,690 in cash and equivalents at the end of a year ago, about half of what it had at the end of 2017. In addition to ride-hailing, it offers shared auto, bike and scooter rides. The next step is for Lyft managers to go on the road to woo investors, presenting details and fielding questions from potential buyers in hopes of drumming up inte... [Full Article...]

Donald Trump to delay China tariff hike after trade talks ‘progress’

Donald Trump to delay China tariff hike after trade talks ‘progress’ Well, at the end of this week, the US was set to raise the tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent. Trump has issued positive but cryptic statements and tweets about the delay and the nature of progress made at the weekend, saying that a deal with Beijing is "very, very close" and talking about a "signing summit" with Chinese President Xi Jinping . [Full Article...]

Fiat Chrysler investing $4.5 billion in MI production plants

Fiat Chrysler investing $4.5 billion in MI production plants FCA plans to commence construction at this site in the second quarter of 2019 before production starts by the end of 2020. The automaker confirmed plans Tuesday to revive a previously idled engine plant on the city's east side as part of a $4.5 billion investment in five MI plants. [Full Article...]

Victoria's Secret closing 53 stores this year

Victoria's Secret closing 53 stores this year Critics contend Victoria's Secret is particularly out of touch in the current #MeToo climate. Superstores like Walmart and Best Buy have been doing increased business recently, which points to a waning interest in whether millionaire models wear the brand. [Full Article...]


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