Money

Alibaba Singles Day smashes $25 billion sales record

Alibaba Singles Day smashes $25 billion sales record Its Alipay payment service clocked 1.5 billion payment transactions, with total orders reaching 812 million. In 2017, Alibaba's Singles' Day sales exceeded $25 billion. It's expected to be the company's final November sale event with founder and chairman Jack Ma at the helm. Ren Xiaotong, a 27-year-old accountant in Beijing, said she suspected online stores jacked up their prices in the lead... [Full Article...]

Walmart Black Friday Deals Start With Thanksgiving Cookies

Walmart Black Friday Deals Start With Thanksgiving Cookies Walmart ( wmt ) is kicking off things starting on Thursday with 18 Black Friday deals available exclusively on its website. Free coffee and Christmas cookies will be available to the fearless souls who show up - though most of Walmart's Black Friday deals will come online the evening before, at 10 p.m. [Full Article...]

Bombardier to cut 5000 jobs

Bombardier to cut 5000 jobs Bombardier said that 3,000 of the job cuts will happen in Canada over the next 18 months and will save the company $250 million US a year in salary and benefit expenses. Analyst judged that Bombardier's Q series would provide little or no profit Before, Bombardier announced the sale of the turboprop division analyst George Ferguson of Bloomberg Intelligence said that he thought that the Q Seri... [Full Article...]

PM's Brexit plans under pressure after Jo Johnson resignation and DUP warning

PM's Brexit plans under pressure after Jo Johnson resignation and DUP warning Johnson is the sixth minister to resign over Brexit in Theresa May's cabinet, following in the footsteps of his brother Boris , David Davis, Boris Johnson , Philip Lee, Steve Baker and Guto Bebb. The EU insists that a deal must lead to either a soft Brexit for the entire United Kingdom, or a sea border between Great Britain and Northern Ireland. [Full Article...]

Donald Trump gets into ugly fight with reporter

Donald Trump gets into ugly fight with reporter But they may be feeling less confident in some other key states where Democrats clawed back this week. The Democrats secured major gains in the United States midterm elections on Wednesday, leading to President Donald Trump threatening to fight back if the Democrats launch probes against him. [Full Article...]

Another Keystone XL setback; environmental review ordered

Another Keystone XL setback; environmental review ordered The ruling is a major victory for environmentalist groups that sued to stop the project and for the Native American tribes that have protested against it for years. TransCanada, which had been planning the pipeline for much of this decade, had planned to begin construction next year. The judge also argued that the government's analysis had not fully determined the potential for oil spills and ha... [Full Article...]

Passengers refuse to fly on Indonesian plane carrying 'stinky' fruit cargo

Passengers refuse to fly on Indonesian plane carrying 'stinky' fruit cargo Considered the "king of fruits" in many South-east Asian countries, the distinctive odour of durian is very divisive - food writer Richard Sterling once described it as "turpentine and onions, garnished with a gym sock". But Zidane said that despite the complaints, the pilot had decided the fruit - the smell of which some find nauseating - would remain stored in the cabin during the flight. [Full Article...]

Indonesian Boeing jet crashed after losing key sensor

Indonesian Boeing jet crashed after losing key sensor Preliminary investigations into the Indonesia Lion Air flight 610 Boeing 737 MAX crash have indicated a problem with a sensor that alerts pilots about the possibility of aircraft stalling , especially when the nose is up post lift-off. The KNKT has interviewed crew and technicians on duty for two previous flights, while also retrieving the faulty sensor from Bali for inspection. Aircraft and ... [Full Article...]

Tesla names Robyn Denholm as new chairwoman to replace Elon Musk

Tesla names Robyn Denholm as new chairwoman to replace Elon Musk According to the announcement , Denholm will be leaving Telstra after a six-month notice period to devote fully to Tesla. "To ensure a smooth transition during the remainder of Robyn's time at Telstra, Elon will be a resource to Robyn and provide any support that she requests in her role as chair", the statement from the electric car-maker said. [Full Article...]

Republicans Will Hold Majority In Senate After Democrats Take Back The House

Republicans Will Hold Majority In Senate After Democrats Take Back The House Republicans also managed to hold on to two contested Senate races. It will also determine whether Senate Democrats can launch investigations into controversies that have surrounded Trump while he has been in office and before he was elected, including allegations surrounding obstruction of justice, Trump's finances and potential Russian collusion. [Full Article...]

Midterm elections in pictures 2018: Who will win the election TODAY?

Midterm elections in pictures 2018: Who will win the election TODAY? At an earlier rally in Ohio Trump said: "The Democrat agenda is a socialist nightmare for our country". No attempt to prepare for the potential disaster. A debate about whether Trump's biting rhetoric encouraged extremists erupted in the campaign's final weeks after pipe bombs were mailed to his top political rivals allegedly by a Trump supporter who was arrested and charged, and 11 people w... [Full Article...]

Amazon reportedly close to naming HQ2

Amazon reportedly close to naming HQ2 Topics such as the timing for a public announcement and immediate office needs are reportedly being ironed out. Gargan said Amazon remains an "active project" in North Carolina, which means much of the details regarding what the state is offering to lure the company remain under wraps. [Full Article...]

Amazon May Split HQ2 Location Between 2 Cities

Amazon May Split HQ2 Location Between 2 Cities Bezos himself said last week that he'd make the final decision guided by intuition: "You immerse yourself in that data but then you make the decision with your heart", he said at a conference in NY last week. Although talks are still advancing with representatives in NY and Dallas , this could be to prime a backup location in case Crystal City falls through. [Full Article...]

Amazon drops its $25 free shipping minimum for the holidays

Amazon drops its $25 free shipping minimum for the holidays In a first for the company, the Seattle retailer said Monday it's dropping its $25 minimum for free shipping to non-Prime shoppers in the US. Amazon's announcement comes as its retail competitors, perhaps having read research indicating that consumers put a high premium on receiving invoices that don't include a price for shipping, have made their own bids for end-of-year business by taking th... [Full Article...]

Lowe's shutting down RONA store on Barrydowne

Lowe's shutting down RONA store on Barrydowne Three stores in the GTA have been marked for closure - two Rona locations in Mississauga and the Lowe's at Centrepoint Mall. The RONA store on Barrydowne Road in Greater Sudbury is set to close as Lowe's Companies Inc. Lowe's now operates a total of 2,390 home improvement and hardware stores. The retailer will attempt to relocate employees to nearby stores. Lowe's reports financial results Wedne... [Full Article...]

US sanctions on Iran oil officially begins

US sanctions on Iran oil officially begins He added that Iran must meet 12 demands in order to see the sanctions lifted, including ending its support of its terror proxies in Syria and stopping its nuclear and ballistic missile development. The other parties to the deal - Britain, France, Germany, China and Russian Federation - say they will not leave. The sanctions end all the economic benefits America granted Tehran for its 2015 nuc... [Full Article...]

The Sunday Edition: President Donald Trump Tweetstorm

The Sunday Edition: President Donald Trump Tweetstorm These queries buy into the general suspicion against migrants that Trump is fanning with great exuberance. But they also will be regarded as a verdict on the President's personal style, ranging from his language (welcome to some ears, intemperate to others), the symbolism he employs (refreshing to some eyes, racist to others), his bearing (bold to some minds, vulgar to others), his recasting o... [Full Article...]

Two dead after Amazon building partially collapses in Baltimore

Two dead after Amazon building partially collapses in Baltimore The partial collapse of an Amazon Fulfillment Center killed two workers Friday night. Friday night's storm system produced an EF-1 tornado that touched down in Baltimore City and County, producing winds of over 100 miles per hour and knocking down part of an Amazon.com warehouse, killing two people. [Full Article...]

Apple Will Not Disclose The Number Of Units Sold From Next Quarter

Apple Will Not Disclose The Number Of Units Sold From Next Quarter Services continued its rise. Both beat expectations. The company also recorded its highest ever quarterly services revenue: $10 billion, up 17 percent YoY. After much success in his own personal investments, he retired from his day job in financial services and is now focused on new private investments. [Full Article...]

Trump predicts he'll make trade deal with China

Trump predicts he'll make trade deal with China China appreciates the historic meeting between President Trump and Kim Jong Un, top leader of the Democratic People's Republic of Korea (DPRK), which promotes denuclearization of the Korean Peninsula and the political settlement of the Korean Peninsula issue, said Xi. [Full Article...]


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