Economy

UAW Files A Complaint Against Elon Musk

UAW Files A Complaint Against Elon Musk Musk urged the media to promote the poll if "they didn't want Pravda to exist", then tweeted again, saying he may call the site "You're Right" instead. The billionaire businessman, who also runs rocket company SpaceX and underground transit venture Boring Company, uses Twitter to give commentary about various issues and gets thousands of likes and comments on his posts. [Full Article...]

India trying to get resolution soon on rising fuel prices: oil minister

India trying to get resolution soon on rising fuel prices: oil minister The government would not want to push more PSUs in that direction. China began levying the special upstream profit tax on domestic oil producers in April 2006 to redistribute and allocate the windfall income enjoyed by them and subsidise disadvantaged industry and social groups most affected by soaring crude oil prices . [Full Article...]

Another big Lotto Max ticket sold in Courtenay

Another big Lotto Max ticket sold in Courtenay If no winners emerge on Friday, another record-high prize could be broken with more Maxmillions being offered. A ticket sold in North Bay won a $100,000 Encore prize. Ontario Lottery and Gaming (OLG) logo. Players must match all seven numbers, in any one set, to win the jackpot or the MAXMILLIONS prizes. "We had three 60 million jackpot winners in Quebec last year, and two 55 million dollar wi... [Full Article...]

Oil prices slump 3% as Opec and Russia consider output boost

He also said the main concern over the recent price rally to more than $80 a barrel should be the impact on onsumer nations such as India and China. "The day of reckoning was finally upon them - they've more than done their job in rebalancing the market", said Ed Morse, global head of commodities research at Citigroup. [Full Article...]

Man refused beer on American Airlines flight starts midair brawl

Man refused beer on American Airlines flight starts midair brawl The male staffer had heard the passenger, identified as Jason Felix , make a commotion in the washroom and made a decision to not give him any more alcohol. "Calm under pressure. It was very impressive", Bolduc said. Felix was taken into custody by the Federal Bureau of Investigation and was charged with interference with flight crew members and attendants. [Full Article...]

Federal Reserve Signals Interest Rate Increase as Inflation Raises

Federal Reserve Signals Interest Rate Increase as Inflation Raises The Fed has signaled a total of three interest rate increase this year, including a rate hike in March . "It was noted that it was premature to conclude that inflation would remain at levels around 2 per cent, especially after several years in which inflation had persistently run below the committee's 2 per cent objective", the minutes said. [Full Article...]

J&J Loses Second Asbestos in Talcum Powder Lawsuit

J&J Loses Second Asbestos in Talcum Powder Lawsuit A California jury on Thursday awarded $25.7 million in damages to a woman and her husband over allegations that the company's baby powder had caused her mesothelioma . The fact that the jury asked the question at all "is a bad sign for J&J, " added law professor Carl Tobias of the University of Richmond in Virginia. [Full Article...]

Comcast Increases Offer, Disney’s Move Next — Fox Takeover

Comcast Increases Offer, Disney’s Move Next — Fox Takeover Netflix passed Disney in market value Thursday, just one day after its stock surge pushed it higher than Comcast's valuation . Netflix's stock on Thursday was up 2.3 percent at $352.90, in line with the median price target of analysts covering the Los Gatos, California company, according to Thomson Reuters data. [Full Article...]

It's the law: Trump signs off on reg relief bill

It's the law: Trump signs off on reg relief bill It will simplify capital requirements for banks with less than $10 billion in assets, weakening regulations on trading and lending. As the fate of the Dodd-Frank Act hangs in the balance, question marks bubble over how exactly the disintegration of this Obama-era policy regulating banks will impact small businesses across America, if at all. [Full Article...]

NTSB Releases Preliminary Report On Fatal Uber Crash In Arizona

NTSB Releases Preliminary Report On Fatal Uber Crash In Arizona The vehicle was traveling at 43 miles per hour and its sensors determined that braking was needed 1.3 seconds before impact, according to the report . They said the in-depth traffic collision investigation was submitted Wednesday to the Maricopa County Attorney's Office for review. It marked the first death involving a fully autonomous vehicle, raising questions about the safety of computer-contr... [Full Article...]

PM Modi asks people to rate his government, BJP lawmakers

PM Modi asks people to rate his government, BJP lawmakers Citing his government's achievements, Modi said that till 2014 only 39% of the population had access to sanitation facilities. "Modi has introduced politics of development and performance in the country", said Shah. Modi repeatedly asked the gathering to remember the "sorry state" of the country when his government took over in 2014. "4 Yr. Report Card - Agriculture: F (failed), Foreign Policy: ... [Full Article...]

Service dog gives birth to puppies at Tampa airport

Service dog gives birth to puppies at Tampa airport Pictures posted to Tampa Fire Rescue's official Twitter show a crowd gathered around the dog in a terminal. A service dog delivered a healthy litter of puppies at Tampa International Airport, Florida, after going into labor as she waited to board a Philadelphia-bound flight with her owner. [Full Article...]

Elon Musk Suggests Big Oil Is Behind Critical Media Coverage of Tesla

Elon Musk Suggests Big Oil Is Behind Critical Media Coverage of Tesla Lexus ES and Infiniti Q50 were the next two entries at ranks four and five, respectively. While the first quarter financial figures were disappointing for Tesla, the company claims that Model 3 is "already on the cusp of becoming the best-selling mid-sized premium sedan in the U.S.". [Full Article...]

Deutsche Bank to cut over 7000 jobs

Deutsche Bank to cut over 7000 jobs However, the reorganizing of Deutsche Bank brings up the question raised by EIR Founding Editor Lyndon LaRouche, who called for the bank to return to the sound commercial bank principles of its martyred Chairman Alfred Herrhausen, who was assassinated on November 30, 1989, rather than continue the failed universal casino banking model. [Full Article...]

Fiat Chrysler recalls 5.3M vehicles over cruise control problem

Fiat Chrysler recalls 5.3M vehicles over cruise control problem Fiat Chrysler vehicle owners are being warned not to use their vehicle's cruise control for the time being after it was discovered that in rare cases the function can not be turned off. A spokesperson from FCA Australia told SBS that in some cases, cars may continue to accelerate at the speed set by the driver, meaning they won't slow down automatically to prevent collision with other vehicle... [Full Article...]

Ottawa blocks Chinese takeover of Aecon Group Inc for ‘national security’ reasons

Ottawa blocks Chinese takeover of Aecon Group Inc for ‘national security’ reasons Ottawa announced a full national security review of the transaction in February as experts urged the government to proceed cautiously when weighing any investment bids by Chinese state firms and to be as transparent as possible in reviewing the proposed deal. [Full Article...]

"Amazon Bans Customers for 'Abusive' Returns " WCCO

While Amazon is known for its lax return policies, some customers are learning that returning too many items can result in being banned from the website . "We never take these decisions lightly, but with over 300 million customers around the world, we take action when appropriate to protect the experience for all our customers". [Full Article...]

Crypto markets stabilize; United States launches criminal probe into alleged bitcoin price manipulation

Crypto markets stabilize; United States launches criminal probe into alleged bitcoin price manipulation The investigation is said to focus on " spoofing " - in which false orders are placed on exchanges and then withdrawn to manipulate prices - in an attempt to lure other people into buying or selling and " wash trading ", in which market participants trade with themselves to create the illusion of market activity. [Full Article...]

Gas prices rise ahead of Memorial Day weekend

Gas prices rise ahead of Memorial Day weekend The bad news? At a national average of $2.96 a gallon as of Thursday. AAA says gas prices are expected to keep going up as summer approaches. AAA says that fifteen states, including New York, New Jersey and IL, are already facing $3 average gas prices or higher. [Full Article...]

Elon Musk wants to name his journalist-rating site after Communist newspaper

Elon Musk wants to name his journalist-rating site after Communist newspaper Elon Musk , barely a month after his behavior on an earnings call shook investor confidence, hit out on Twitter with a series of combative posts this week, leaving many scratching their heads at best and prompting scrutiny from US labor regulators at worst. [Full Article...]


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