Money

Philippines Suspends Uber for One Month

Philippines Suspends Uber for One Month

The Land Transportation Franchising and Regulatory Board suspended Uber's accreditation on August 14, ordering the company to cease and desist operations in the Philippines for one month. "Operating more than 50,000 colorum vehicles sets a risky precedent, and if not stopped would wreck [sic] havoc to the country's transport plans and programs, specifically the Modernization Program, which aims to enhance transport service and uplift the lives of transport workers", it said. Read More

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US stocks slip amid heightened US-North Korea tensions

Minneapolis Fed President Neel Kashkari, who has advocated for the Fed to halt interest rate hikes until inflation picks up gain, on Friday said his colleagues are telling each other "a ghost story (http://www.marketwatch.com/story/feds-kashkari-says-central-banks-hawks-are-spooked-by-ghost-story-of-higher-wages-2017-08-11)" about higher wage inflation that scared them into raising short-term rates. Read More

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Kylie Jenner's Lip Kits Have Made Her An Insane Amount Of Money

Kylie Jenner's Lip Kits Have Made Her An Insane Amount Of Money

New editions of the Lip Kits line regularly sell out nearly instantly. Not to mention, since its official launch 18 months ago, it has earned $420 million dollars in retail sales. In the beginning, I thought my brand had to be consistent and everything look the same and that was stressing me out. The business, which includes the star's signature Lip Kits, is on track to see a 25 per cent increase this year with sales projections for 2017 at $386 million. Read More

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Centrica Profit Drops, British Gas Lifts Electricity Prices

Centrica Profit Drops, British Gas Lifts Electricity Prices

Energy giant Centrica, which owns British Gas, said the average annual dual fuel bill for a typical household on a standard tariff will rise by £76 to £1,120 - an increase of 7.3%. His total remuneration package previous year was £1.9 million - although he could end up being paid as much as £4 million. Some industry analysts argue that falls in the wholesale price of gas and electricity should see cuts in energy bills rather than increases. Read More

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Elon Musk Warns of 'Manufacturing Hell' for Model 3

Tesla workers behind a unionization effort sent a letter yesterday to board members expressing concerns over safety and financial risks as Model 3 production ramps up. But Musk says Tesla worked hard to make the Model 3 simpler and cheaper to make than Tesla's previous vehicles. Until now, Tesla has operated as a niche producer of luxury electric vehicles , with a charismatic, showman CEO who regularly interacts with fans on his Twitter account. Read More

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Rory McIlroy will have best man on bag for WGC-Bridgestone, PGA

Rory McIlroy will have best man on bag for WGC-Bridgestone, PGA

The 28-year-old hasn't won a major since the 2014 PGA Championship but is considered a heavy favorite for next week's PGA at Quail Hollow in Charlotte. Fitzgerald accompanied McIlroy during his rise to the top of the sport, which included a world No. 1 ranking and four major titles. The Telegraph reported McIlroy's caddie at the next two tournaments will be Harry Diamond. Read More

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Sears begins selling Alexa-enabled appliances on Amazon

Sears begins selling Alexa-enabled appliances on Amazon

The deal comes more than a year after Sears' announcement in May 2016 that it would explore alternatives for its Kenmore, Craftsman, DieHard and Sears Home Services businesses. For the first time, Sears is selling its line of Kenmore products on Amazon. Shares of Sears Holdings , based in Hoffman Estates, Illinois, just outside of Chicago, jumped more than $1, nearing $10 per share, in premarket trading. Read More

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Shraddha Kapoor : I can never get bored of romantic films!

Shraddha Kapoor : I can never get bored of romantic films!

Shraddha Kapoor is gearing up for the release of her upcoming movie " Haseena Parkar ", which is directed by Apoorva Lakhia and produced by Nahid Khan. She said, "My definition of beauty is very different I believe that beauty is entirely skin deep..." The director was all praises for Shraddha and added that she looked great in the innocent young character as well as the middle aged character. Read More

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'Dark web' marketplace AlphaBay shut down by feds

'Dark web' marketplace AlphaBay shut down by feds

Attorney General Jeff Sessions said , "The ability of these drugs to so instantaneously end these promising lives is reminder to us of just how incredibly risky these synthetic opioids are, especially when purchased anonymously from dark spaces on internet, and this is likely one of the most important criminal investigations of this entire year". Read More

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U.S. employers hire 222k more in June

U.S. employers hire 222k more in June

USA job growth surged more than expected in June, keeping the Federal Reserve on course for a third interest rate hike this year, despite slow wage gains. Anything beyond that will further chip away at the jobless rate or bolster the size of the labor force as workers who dropped out are lured back. The report showed jobs growth slowed last month. Read More

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AAA Says Gas Prices Have Decreased Compared To Last July 4th

AAA Says Gas Prices Have Decreased Compared To Last July 4th

At the rest stop along Interstate-71 North near Columbus, holiday travelers 10TV spoke to from as far away as NY and MI were pleasantly surprised to see Ohio's gas prices. For the first time ever, gas prices are expected to be lower on the Fourth than on New Year's Day. A deal reached in December to cut production among the Organization of Petroleum Exporting Countries has not been enough to push prices higher. Read More

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Xi Jinping warns of 'red line' over China-Hong Kong ties

Xi Jinping warns of 'red line' over China-Hong Kong ties

Much to Beijing's chagrin, people still display British colonial emblems out of nostalgia and longing for a time they feel had faster economic growth and better opportunities. In a sweeping speech which saw the Chinese leader warn opponents in Hong Kong not to cross a "red line", he recalled how British victory in the First Opium War of 1839-42 - in which Hong Kong Island was ceded to Britain - set in motion decades of humiliation for China. Read More

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Amazon wrecked the mall. Now it's coming for the grocery store

In a news release, Amazon said it would acquire the upscale supermarket chain for $42 a share in an all-cash transaction that includes that company's net debt, Efe news reported. It's also been testing automation technology at a Seattle convenience store that's now open only to Amazon employees. So what if you could get Whole Foods products or other groceries delivered to your door? "This deal should leave no doubt that Amazon is deadly serious about dominating all aspects of ... Read More

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Oil prices fall as OPEC output, US crude stockpiles rise

Crude output from Opec nations rose by 290,000 bpd in May to a 2017 high of 32.08 million bpd, still within the confines of the supply deal, after comebacks in Libya and Nigeria , which are exempt from cuts. Iraq isn't fully complying with pledges to OPEC to curb production, the International Energy Agency said Tuesday. This has continues even after a move led by the OPEC to cut production. Read More

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Gary Neville's verdict after Scotland 2-2 England

That's what we have got to show - we have to be a team that are never beaten. But deep into added time, the Spurs frontman arrived at the far post to side-foot beyond Scotland goalkeeper, Craig Gordon , to snatch share of the spoils and leave Gareth Southgate's men three points clear of second place Slovakia in their qualifying group. Read More

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Scottish Tory Leader: 'LGBTI Rights More Important than Conservative Party'

Scottish Tory Leader: 'LGBTI Rights More Important than Conservative Party'

Davidson is an increasingly important voice in the Conservative Party. Scotland's Finance and Constitution Secretary Derek Mackay, who directed the SNP's election campaign, told the same programme: "The First Minister has said that she'll reflect on the result but the fact that another Tory government that Scotland has not elected will rule over us with policies that Scotland just doesn't support I think has been another lesson on why Scotland should have a choice". Read More

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Russia may raise oil output to 551 MT in 2018

Brent crude oil was up 40 cents at US$51.16 a barrel by 0940 GMT (5:40 a.m. ET), while USA light crude gained 40 cents to US$48.72. Refinery crude runs rose 229,000 barrels per day to 17.5 million bpd, surpassing its last peak at 17.3 million bpd in the week to April 21, and utilization rates increased 1.5 percentage points to 95 percent of nationwide capacity, data showed. Read More

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