Finance

Finance Loop to O'Hare in 12 minutes: Elon Musk gets the job
Author: 0 Loop to O'Hare in 12 minutes: Elon Musk gets the job

The company won the bid to build a high-speed express train to Chicago's O'Hare International Airport, reports Bloomberg . Under the contract, Musk's company will design, fund, build and operate a high-speed loop connecting O'Hare Airport with downtown Chicago, the company said on its website .

Finance Federal Reserve raises interest rates
Author: 0 Federal Reserve raises interest rates

Policy makers said in a one-page statement that the labor market "has continued to strengthen" and than economic activity "has been rising at a solid rate". Mr Powell called the figures "encouraging" but said the bank wants to see the economy sustain that rate of inflation before it declares victory. Unemployment, now at an 18-year low of 3.8 percent, would drop to 3.6 percent by year's end and to 3.5 percent in 2019 and 2020 - levels not seen in 49 years.

Finance Tesla to cut staff by 9 percent in drive for profitability
Author: 0 Tesla to cut staff by 9 percent in drive for profitability

The company did not say how much money the cuts would save. Bloomberg reported the news, and CEO Elon Musk then shared his memo to Tesla staff on Twitter . As of Tuesday, Tesla's stock is up more than 40% from the 52-week low it hit back in April. The Associated Press reports the 9 percent amounts to about 3,600 employees.

Finance Amazon now offering grocery delivery from Whole Foods in Baltimore
Author: 0 Amazon now offering grocery delivery from Whole Foods in Baltimore

The new Amazon Whole Foods delivery eliminates the delivery fee for Prime members who already pay the $119 annual membership fee, which more than 100 million people already do . Customers also can see Prime offers via the Whole Foods app. To access the savings, customers open the Whole Foods app, sign in with their Amazon account and scan the app's Prime Code at checkout.

Finance Dominos’s Pizza is fixing our bad roads because the government isn’t
Author: 0 Dominos’s Pizza is fixing our bad roads because the government isn’t

The American pizza chain announced on Monday that it will help "smooth the ride home" for deliveries by making pothole repairs in towns nominated by their customers. A spokesperson called it "an extremely isolated incident, confined to a single store". Domino's has even included a road condition meter on its website to show how pizzas are affected by mild, moderate, critical and catastrophic road conditions.

Finance IHOP temporarily changes name to IHOb: International House of Burgers
Author: 0 IHOP temporarily changes name to IHOb: International House of Burgers

Whether or not the IHOb name is only a short-term marketing gimmick, there's a monetary reason why the pancake chain is flipping over on its brand identity: Pancakes aren't selling like hotcakes. Fans immediately took to the video , already giving it 13,000 views as well as 650-plus comments within just an hour of being posted. Some people felt that maybe it'd try and get fancy and go with "brunch", which also makes sense.

Finance Bitcoin plummets after cyberattack on South Korea exchange
Author: 0 Bitcoin plummets after cyberattack on South Korea exchange

Bitcoin dropped more than 10 per cent over the weekend, fa1lling below $6,700, according to research site CoinDesk . In addition to broader security worries, as Bloomberg News reports , there are also concerns about China's attempts to control how virtual currencies work - and over crackdowns on fraud and money laundering in both China and South Korea.

Finance Final preparations underway ahead of landmark Trump-Kim summit
Author: 0 Final preparations underway ahead of landmark Trump-Kim summit

Tuesday, Mr. Trump placed a hand on Mr. Kim's shoulder and the two walked toward a meeting room. Balakrishnan, Singapore's Foreign Minister, made important visits to Washington, Pyongyang and Beijing in recent days to ensure that there would be no last-minute spoilers for the historic meeting hosted by the city-state.

Finance Trump finds time to tweet before meeting with Kim Jong Un
Author: 0 Trump finds time to tweet before meeting with Kim Jong Un

The KCNA news agency said the two leaders will exchange "wide-ranging and profound views" during their meeting at the five-star Capella Hotel on Sentosa Island. Trump, asked last week if Rodman had been invited to Singapore , said, "No, he wasn't". The meeting would have been unthinkable past year when tensions spiraled in the region over North Korea's nuclear and missile programs as it raced toward the goal of developing a nuclear-tipped missile capable of hitting the United States.

Finance Pompeo offers North Korea security assurances
Author: 0 Pompeo offers North Korea security assurances

Trump and Kim will come face to face for the first time at 9am local time (1pm NZ Time) in Singapore . The official wasn't authorized to discuss the plans and insisted on anonymity. Olivia Enos of the US -based Heritage Foundation is urging Trump to not ignore rights concerns. Rodman emerged from the baggage claim area at Changi Airport around midnight Monday.

Finance Singapore Mud-Sling: Donald Trump Vs Kim Jong Un Insults
Author: 0 Singapore Mud-Sling: Donald Trump Vs Kim Jong Un Insults

In an interview with BBC ( who really got our geography wrong yesterday ), Minister of Foreign Affairs Vivian Balakrishnan confirmed what everyone was guessing a week ago : Singapore is indeed picking up the hotel tab for the North Korean contingent here.

Finance Isolated Kim Jong Un takes big gamble leaving home for Trump summit
Author: 0 Isolated Kim Jong Un takes big gamble leaving home for Trump summit

But if not, "at least we'll have met each other, we'll have seen each other; hopefully, we'll have liked each other". I mean, I try to eat and eat and eat, but he is just getting too fat too fast. "And I think we should make that clear". The Boeing 747-4J6 that traveled to North Korea is known to be a private jet used by the Chinese government to carry its high-level officials, including President Xi Jinping .

Finance U.S. Asks OPEC To Boost Oil Production By 1 Million Bpd
Author: 0 U.S. Asks OPEC To Boost Oil Production By 1 Million Bpd

The US requested Saudi Arabia to keep oil prices and supply stable after the imposition of sanctions on Iran . Benchmark indices for crude oil were mixed throughout much of the previous session after reports circulated that the United States was calling for more oil from the Organization of Petroleum Exporting Countries tacitly to protect against steady declines from Venezuela and possible declines from Iran.

Finance Why the Trump-Kim summit matters to these Australians
Author: 0 Why the Trump-Kim summit matters to these Australians

One might think the North would engage in at least a little state-directed congratulations before Kim's planned arrival in Singapore on Sunday, according to a schedule reported by South Korea's Yonhap news agency. In the July 26, 1953 photo U.S. Army Lt. Gen. William K. Harrison Jr. of the United Nations Command Delegation is seated at a table on the left while North Korean General Nam Il sits at a table on the right.

Finance Trump attacks European Union and Canada on trade ahead of G7 summit
Author: 0 Trump attacks European Union and Canada on trade ahead of G7 summit

Asked if the administration will respect decisions from the World Trade Organization on tariffs, Kudlow said that "international multilateral organizations are not going to determine American policy". The Trump administration imposed 25 and 10 per cent tariffs on Canadian steel and aluminum and the Trudeau government responded with dollar for dollar counter duties which are set to kick in July 1.

Finance 92 million accounts hacked at DNA testing service MyHeritage
Author: 0 92 million accounts hacked at DNA testing service MyHeritage

The website now has 96 million users from around the world with 1.4 million of them who have taken the DNA test. The company doesn't store users' actual passwords; it transforms them into a jumble of characters, and performs the same operation when you enter your password to see if it matches the stored data.

Author: 0 Mexico Imposes Import Tariffs On US Pork, Agricultural Goods

And tariffs like those on Kentucky bourbon and motorcycles seem meant to hit key members of Congress where they live - namely, Senate Majority Leader Mitch McConnell of Kentucky and Speaker of the House Paul Ryan of Wisconsin, the home of Harley-Davidson.

Finance Tesla Teases Model Y Compact SUV
Author: 0 Tesla Teases Model Y Compact SUV

The money-losing auto maker has said its forecasts for profit and cash generation in the second half of this year - which Musk reaffirmed during Tesla's annual meeting on Tuesday - are dependent on reaching this target. In addition to being Tesla's CEO, Musk is also Tesla's chairman and largest shareholder. After raising money for the Boring Company by selling hats, Musk tweeted he would next sell flamethrowers.

Finance All trade deals could be off, China warns US
Author: 0 All trade deals could be off, China warns US

Parker said tariffs would inflict real harm on the USA economy. Beijing has resisted USA pressure to commit to a firm target of narrowing its annual surplus with the United States by $US200 billion ($264 billion). "If the deal was done in Geneva, the cargoes might be traded in the worldwide market instead of being brought to China to crush", said Tian Hao, a senior analyst with First Futures.