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Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
Tesla INC. has recently released its standard range variants of the Model X and S from the product line-up which has been adjusted to suit the range. This comes days after the US based electric automobile manufacturer has made record…
Huawei plans job cuts in US amid blacklisting row – reports
Huawei, the Chinese tech giant, plans to cut hundreds of jobs in its US subsidiary. Reports have surfaced that since the company was blacklisted by the US earlier this year, software and chips have been made unavailable to them.
The…
Barneys New York explores options that include bankruptcy – sources
US luxury departmental store operator Barneys New York Inc. is said to be exploring options, which now include filing for bankruptcy. The store is struggling as high rents and a change in consumer taste affect the economy.
The retailer…
Dairy Queen Employee Fired After ‘Marijuana’ Cake Mix-Up Goes Viral
Earlier this week a Moana”/marijuana cake mix-up that went viral isn’t a matter of laughing anymore.
Kensli Taylor Davis shared a Facebook post on July 2, with an image of a 25th birthday cake which was ordered from a Georgia Dairy Queen…
Gold Hits One-Week High As Dollar Drops After Powell’s Testimony
On Thursday, the prices of gold scaled a more than the one-week peak. This is due to the reason dollar slipped after dovish remarks from the Jerome Powell, U.S. Federal Reserve Chairman later this month boosted the case for an interest rate…
Tech Pulls Stocks Higher on Eve of Powell Report
The stocks of the United States closed a whisker higher after treading water for most of the session since this week markets braced for an assault of central bank news. Since mid-June and Treasuries slipped the dollar get the string to its…
SunTrust To Stop Financing Private U.S. Prison Operators
SunTrust Banks Inc. will stop funding private prison operators and immigrant retention centers, he said Monday, becoming the last lender to distance itself from a sector associated with Trump administration policies.
"This decision was…
Dow can be 10,000 points higher if not for the Fed: Trump
On Sunday, Donald Trump again wagged his finger at the Federal Reserve and tell reporters that the Dow can be ‘5,000 to 10,000 points higher’ if persons at the central bank know what they were doing.
By referring to the decision of Fed…
Peso weakens ahead of US jobs data
In the United States, the Peso declined against the dollar because the currency continued to deal sideways further on the release of jobs data.
The local unit closed the week at P51.195 vs. the greenback, fall 6.5 centavos from its…
The Fed just got the green light to cut rates
The June report on job creation led to a let-down and so the US economy produced 224,000 jobs as of last month, attempting to put rest to fears of a recession in the market. Stock futures have decreased and Treasury revenue increased post…