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Finance

Today marks the beginning of the yearly invasion of Berkshire Hathaway shareholders, with the shareholder shopping day taking over the CHI Health Center, starting at noon. That, in part, reflected Buffett's inability to find a major business to add to Berkshire's stable of more than 90 companies in the insurance, chemicals, energy, food and retail, industrial, railroad and other sectors.
  • Facebook expects record $5 BILLION fine from FTC over privacy violations

    Facebook expects record $5 BILLION fine from FTC over privacy violations

    Finance

    Earnings per share topped out at $1.89, which was higher than analysts' expectations of $1.62 per share. Without that charge, earnings would have been $1.89, well ahead of analysts' estimate of $1.63 a share. The probe has focussed on whether the sharing of data and other disputes violated a 2011 agreement with the FTC to safeguard user privacy. It later rose again, this time by around 8 percent to $197 per share.
  • Turkey slams United States move to end waivers on Iran oil imports

    Turkey slams United States move to end waivers on Iran oil imports

    Finance

    It said Iran has intensified consultations with its "European and global partners" and that a "necessary decision" would be announced later, without elaborating. Netanyahu said Monday that the move "is of great importance for increasing pressure on the Iranian terrorist regime". "I think the [US administration's] goal is to have a worldwide coalition against Iran, and to do that, they push Iran to default" on the nuclear deal, said a European diplomat speaking not for attribution.
  • No more sanction waivers for India, 7 others on Iranian oil

    Finance

    Secretary of State Mike Pompeo on Monday reiterated that Washington's goal was to bring down exports of Iranian oil to zero and added the United States had no plans to give any grace period beyond May 1 for countries to comply. Iran's biggest oil customers are China and India, both of which have been lobbying for an extension to the sanction waivers. Since taking office, Trump has pursued a sanctions-heavy strategy aimed at undermining the Islamist leaders in Iran.
  • Sisters ready for Easter egg-stravaganza at Coleraine

    Sisters ready for Easter egg-stravaganza at Coleraine

    Finance

    In addition to the egg hunts everyone can stroll down Peppermint Lane while winning prizes along the way as they walk through the life-sized Candy Land Game. Do not forget to bring a basket for the eggs, and dress for the weather . Tickets for activities are free, with a $10 purchase at the mall. Members of the First Blind River Sparks, Brownies, Guides, Pathfinders and Guiding Unit stuffed more than 6,000 Easter eggs that will be strewn across three age-group sections of Town Park: zero to ...
  • Chicago Car2Go app reportedly hacked, some 100 cars missing

    Chicago Car2Go app reportedly hacked, some 100 cars missing

    Finance

    So be on the lookout for a Car2Go-branded Mercedes-Benz or two cruising the streets of Chicago, and keep in mind that they may represent the fruits of the sharing economy - just not the kind we've come to expect. 'The Chicago Police Department is working with the company to determine whether there any other vehicles whose locations can not be accounted for. A Daimler spokesman said in an email the company is working with Chicago law enforcement "to neutralize a fraud issue".
  • Lenders shortlist four investors for Jet Airways

    Lenders shortlist four investors for Jet Airways

    Finance

    Jet's CEO Vinay Dube , in a letter to employees on Wednesday that was seen by Reuters , warned that the sales process would take some time and could throw up several more challenges, but he added that he was confident Jet Airways would fly again.
  • Apple And Qualcomm End Global Court Battle And Are Best Buds Again

    Apple And Qualcomm End Global Court Battle And Are Best Buds Again

    Finance

    Later Qualcomm hit back with its own lawsuit, alleging that Apple used its heft in the electronics business to wrongly order contract factories such as Hon Hai Precision Co Ltd's Foxconn to withhold royalty payments from Qualcomm that Apple had historically reimbursed to the factories.
  • Tesla’s $35,000 Model 3 now only available as a special order

    Tesla’s $35,000 Model 3 now only available as a special order

    Finance

    In Germany, Tesla is charging a base price of 44,500 euros (plus a handling fee of 980 euros) for this version, which offers a WLTP range of 415 km. "Model 3 Standard will now be a software-limited version of the Standard Plus, and we are taking it off the online ordering menu , which just means that to get it, customers will need to call us or visit any one of the several hundred Tesla stores", Tesla said in a blog post on Thursday night.
  • Amazon Workers May Be Listening to Your Alexa Conversations

    Amazon Workers May Be Listening to Your Alexa Conversations

    Finance

    It is reported that thousands of Amazon workers listen to recordings of what people tell Alexa and transcribe them to improve the Echo Dot. Screenshots of the review process provided to Bloomberg indicate each audio clip is tied to an account number and device serial number.
  • Oil prices rally amid falling USA gasoline supplies, rising crude stockpiles

    Oil prices rally amid falling USA gasoline supplies, rising crude stockpiles

    Finance

    The long-to-short ratio reached 13 times "at the peak of the oil price euphoria last fall" and averaged 8.5 times in 2018, RBC notes. The joint technical commission was established on January 22, 2017 under the monitoring committee created to monitor the fulfilment of the countries' commitments to reduce oil production.
  • Jet Airways suspends all flights to and from Singapore until further notice

    Jet Airways suspends all flights to and from Singapore until further notice

    Finance

    Consequently, many passengers were left stranded at the airports. The Prime Minister's office (PMO) has called an urgent meeting to discuss the crisis in private airline Jet Airways , which is facing acute financial woes. The UK's Civil Aviation Authority acknowledged on twitter that worldwide flights had been suspended, and a notice on Heathrow Airport's website said that Jet Airways' flights today to Mumbai and Delhi will not be running.
  • Researchers find 540 million Facebook user records on exposed servers

    Researchers find 540 million Facebook user records on exposed servers

    Finance

    A second leak, linked to a Facebook-integrated app called " At the pool ", left exposed roughly 22,000 Facebook passwords, stored in plaintext, according to UpGuard . Redacted example of Facebook data from the exposed At the Pool dataset. But as these exposures show, the data genie can not be put back in the bottle.
  • Brent crude nears $70 as OPEC tightens supply

    Brent crude nears $70 as OPEC tightens supply

    Finance

    On the New York Mercantile Exchange, futures were up for the fourth consecutive day, hitting a five-month-high due to tightening of supply on the back of production cuts by the Organization of the Petroleum Exporting Countries and U.S. -China trade impasse lifted financial markets. The announcement of a trade deal should spike prices higher, at least temporarily until traders can go through the details.
  • Stephen Miller: No decision yet on shutting down border

    Stephen Miller: No decision yet on shutting down border

    Finance

    Delays were already rising at several key border crossings as Trump ratcheted up pressure on Democrats in Congress to toughen USA laws against illegal immigrants, threatening to hurt the United States economy in the name of border security.
  • Burger King is testing out an Impossible Whopper. This is why

    Burger King is testing out an Impossible Whopper. This is why

    Finance

    Louis goes smoothly". One of the nation's largest fast food chains is teaming up with a Silicon Valley start-up to pump out meatless versions of its iconic burger. Yet Burger King does have one advantage as the chain introduces the Impossible Burger: The patty will be based on Impossible's 2.0 formulation, which the company announced this year, according to CNET .
  • British PM plots next move in Brexit stalemate

    British PM plots next move in Brexit stalemate

    Finance

    MPs voted down all the four Brexit proposals chosen by House Speaker John Bercow in a bid to break the current Brexit deadlock. The options included remaining in a customs union with the EU - which failed by just three votes - and holding a new referendum on Britain's membership in the bloc.
  • Erdogan Suffers Major Setbacks in Local Elections in Turkey's Big Cities

    Erdogan Suffers Major Setbacks in Local Elections in Turkey's Big Cities

    Finance

    In the capital, Ankara , unofficial results showed that CHP candidate Mansur Yavas had garnered 50.9 percent, with the AK Party nominee Mehmet Ozhaseki trailing on 47.2 percent. Supporters of opposition Republican People's Party (CHP) celebrate after early results of the local election in Ankara. But the recent economic troubles took a toll on party support, two AK Party sources said, after the lira slumped against the dollar a year ago, inflation jumped to 20 percent, unemployment ...
  • A look at key items in New York's $175.5 billion budget plan

    A look at key items in New York's $175.5 billion budget plan

    Finance

    Lawmakers plan to begin passing budget bills Sunday in an all-day session. HEALTH CARE: Increases state spending on Medicaid and other health care programs by $700 million to $19.6 billion, and codifies the federal Affordable Care Act and the state's Health Exchange into state law.
  • CVS To Soon Sell CBD Laced Products Across 8 US States

    CVS To Soon Sell CBD Laced Products Across 8 US States

    Finance

    Walgreens reportedly told news outlets on Wednesday that the company plans to sell CBD creams, patches and sprays in some 1,500 stores across nine states, and Tennessee is one of them. Research firm Cowen has predicted the market for CBD to reach a value of $16 billion by 2025. The CBD floodgates opened after President Donald Trump signed the Farm Bill into law in December.
  • Lyft valued at $24.3 billion in first ride-hailing IPO

    Lyft valued at $24.3 billion in first ride-hailing IPO

    Finance

    On the other end, Lyft's primary competitor Uber is set to go public this April too. Despite its bigger size, Uber has evolved in lock-step with Lyft, adding new types of rides like car-pooling, changing fares investing in autonomous vehicle development and adding scooters and bikes.
  • West fears strong Turkey - Erdogan

    West fears strong Turkey - Erdogan

    Finance

    Berich explained that the move by the Turkish authorities has supported the currency in the short-term by completely drying up the lira's liquidity and tightening monetary policy without a formal interest rate hike, but that it has dented investor confidence in the Turkish economy in the longer term.
  • Britain criticizes Huawei over security issues

    Britain criticizes Huawei over security issues

    Finance

    Huawei, the biggest global maker of switching gear used by phone and internet companies, denies USA accusations it facilitates Chinese spying. Officials from the National Cyber Security Centre performed a review of the RTOS development effort at Huawei's facility in Shanghai and concluded that they "did not have sufficient evidence to be confident in the long-term sustained engineering of Huawei'sown real time operating system", the board members noted .
  • Schmear Campaign: New Yorkers Roast Bread-Sliced Bagel

    Schmear Campaign: New Yorkers Roast Bread-Sliced Bagel

    Finance

    May the legacy of the cursed St. Louis style cuisine live on forever. Rubin also points out that unlike, say, New York, St. Louis doesn't have a plethora of bagel options. And some also started destroying other foods and calling them "St Louis style". Another St. Louis delicacy: Banana sandwiches. "Nothing reminds me more of the summer than a st louis style hot dog", Trey Smith, a social media editor at Vice, tweeted.