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Category: News


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U.S. jobless claims fall 9,000 to 221,000 as layoffs show no sign of rising

March 21, 2019

Via: Market Watch

The numbers: The number of laid-off workers who applied for unemployment benefits declined in mid-March to a one-month low, suggesting little deterioration in a robust labor market that’s powered the economy over the past several years. Initial jobless claims, a […]


News

Apple loses court case in battle with Qualcomm, ordered to pay fine

March 18, 2019

Via: TechRadar

In the latest chapter of ongoing issues between Apple and Qualcomm, the latter has won a patent infringement case against Apple in San Diego. A jury there found that the iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus […]


News

SEC Sues Volkswagen for Concealing Its Diesel Emissions Cheating from Investors

March 15, 2019

Via: Fortune

Volkswagen AG was sued by the U.S. Securities and Exchange Commission over claims it failed to disclose to investors that its diesel vehicles violated emission standards, the latest twist in a software cheating scandal that has already cost the company […]


News

British Government Says It Will Slash Most Tariffs in a No-Deal Brexit Scenario

March 13, 2019

Via: Fortune

As predicted, the British Parliament voted against Prime Minister Theresa May’s Brexit on Tuesday evening. This second rejection means the Parliament will on Wednesday evening vote on the desirability of a no-deal Brexit and, presuming the scenario is rejected, vote […]


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Jobs: Businesses add 183,000 in February, but Moody's economist says jobs may have peaked

March 6, 2019

Via: USA TODAY

Job creation at the company level cooled in February after a sizzling start to 2019, according to a report Wednesday from ADP and Moody’s Analytics. Private companies added 183,000 workers for the month, about in line with Dow Jones estimates […]


News

Tesla Model 3 price drop makes entry-level car more affordable

March 1, 2019

Via: TechRadar

The Tesla Model 3 price has been reduced to $35,0000 (around £26,400, AU$49,300) with the introduction of a new version of the vehicle, as the firm closes physical stores and moves to online-only orders. Previously, the cheapest Model 3 was […]


News

U.S. Economy Grew Faster Than Expected at the End of 2018

February 28, 2019

Via: Fortune

The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6% annualized rate of gains in […]


News

Global Economy May Have Already Bottomed Out, Says Goldman Sachs

February 27, 2019

Via: Fortune

The global economy may have already bottomed out, according to Goldman Sachs Group Inc. Chief Economist Jan Hatzius. While growth remains soft, Goldman’s current activity indicator in February is slightly above the downwardly-revised December and January numbers. “Some green shoots […]


News

These counties are experiencing the slowest economic growth in every state

February 22, 2019

Via: USA TODAY

Over the nearly 10 years since the end of the Great Recession, economic news has been largely positive. Economic growth is heavily influenced by job growth, and the U.S. economy has added jobs for the last 100 consecutive months. The […]


News

China auto sales fall in January for eighth month

February 19, 2019

Via: ABC News

China’s auto sales fell for an eighth month in January, extending a painful decline for the biggest global market as demand cooled amid a slowing economy and tariffs standoff with the U.S. Purchases of sedans, SUVs and minivans fell 15 […]