• Jet Airways founder Naresh Goyal may step down as chairman today
Jet Airways founder Naresh Goyal may step down as chairman today

As per ICRA's report, the airline has large repayments due in March to the tune of Rs 1,700 crores and further Rs 2,445 crore due in FY20 and Rs 2,168 crore due in FY21. Saddled with more than $1 billion in debt, Jet Airways is struggling to stay afloat. Expression of interest for bids will be floated by April 9 and the deadline for binding bids ...

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  • Trump to Nominate Stephen Moore for Fed Board
Trump to Nominate Stephen Moore for Fed Board

Volcker linked Fed monetary policy to real-time changes in commodity prices". "One of the things that will be really interesting for me is to hear the case, look at their data and then help make the decision about whether we're too tight or too loose", Moore said .

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  • United States markets sink as 10-year Treasury yield curve inverts
United States markets sink as 10-year Treasury yield curve inverts

It now costs more to borrow money for three months than for 10 years. If history is a guide, an inverted yield curve is an indicator that a recession is on the horizon. After the Federal Reserve's surprise dovish turn this week, investors have piled into the $15.8 trillion market, leaving the 10-year note yielding less than 2.5 percent.

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  • Levi's going public with $6.6 billion valuation
Levi's going public with $6.6 billion valuation

Levi first went public in 1971 . As of Thursday's close, shares popped almost 32 per cent, closing at $22.41 per share. Iconic jeans company Levi's made a hot return to Wall Street on Thursday as it eyes global growth and more direct sales to consumers in the fast-changing retail environment.

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  • $625 Million Powerball Jackpot Up for Grabs
$625 Million Powerball Jackpot Up for Grabs

The Powerball numbers for the lottery game's fourth-richest prize in history - a $625 million jackpot - were drawn Saturday night as 66, 52, 60, 24, 25 and a Powerball of 5. California is one of 10 states to exempt state income tax on lottery winnings. If you only match one of the white balls tonight, you won't win any money.

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  • Levi Strauss shares surge 31 percent in stock market return
Levi Strauss shares surge 31 percent in stock market return

Ride-hailing company Lyft will sell shares to the public next week, and larger rival Uber is expected to go public later this spring. The company will be listed under the symbol LEVI on the New York Stock Exchange and the stock has been priced at the top end of a $14 to $16 range.

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  • CVS Introduces CBD-Infused Topicals In 8 States
CVS Introduces CBD-Infused Topicals In 8 States

Hemp-derived CBD products have become increasingly popular as marijuana regulations across the country have loosed. Hemp does not contain significant amounts of THC , the psychoactive component of marijuana. Other stores have already been selling CBD products to the public in Indiana. CVS Health stores will soon sell a suite of hemp-infused ...

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  • GM to announce $300 million investment in Orion EV/AV plant
GM to announce $300 million investment in Orion EV/AV plant

GM wouldn't say when the new workers will start or when the new vehicle will go on sale, nor would it say if the workers will be new hires or come from a pool of laid-off workers from the planned closings of four US factories by January. GM has invested more than $22 billion in its USA manufacturing operations since 2009. Since killing off the pl...

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  • South Africa's February inflation tame, central bank to keep rates pat
South Africa's February inflation tame, central bank to keep rates pat

The Consumer Prices Index rate of inflation rose steadily to 1.9 per cent in the 12 months to February 2019, up from 1.8 per cent in January 2019, according to the Office for National Statistics (ONS). However, that was offset by clothing and footwear, which saw prices rise but by less than they did in the same period a year ago. Inflation fell s...

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  • Volvo will add in-car sensors to prevent drunk driving
Volvo will add in-car sensors to prevent drunk driving

The automaker is in discussions with insurance companies, it says, in the hope of developing custom coverage that would reward Volvo drivers making use of the safety features with lower premiums or other advantages. Samuelsson revealed that this could be key in reducing road fatalities, especially in circumstances where the vehicle is driven ...

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  • Facebook Makes it Harder to Run Some Discriminatory Ads
Facebook Makes it Harder to Run Some Discriminatory Ads

In its complaint , HUD stated that Facebook allows advertisers to target which users are able to receive housing-related advertisements based on race , color, religion , sex, familial status, national origin, disability and ZIP Code . The decision comes as part of a settlement of five discrimination lawsuits filed by the National Fair Housin...

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  • Petition calling for Brexit reversal crashes United Kingdom parliament website
Petition calling for Brexit reversal crashes United Kingdom parliament website

However, she reportedly backed down after the threat of cabinet resignations by Brexiteer ministers, who feared it could spell the end of their hopes of leaving the EU. "In case of a "no" vote.it will guide everybody to a no-deal for sure", Macron cautioned. The whole Brexit mess is because we have a hung parliament.

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  • $448 million jackpot up for grabs in Wednesday's Powerball drawing
$448 million jackpot up for grabs in Wednesday's Powerball drawing

The jackpot was $448.2 million, and is expected to reach $495 million for Saturday's drawing. Two of those tickets were sold in NY and are each worth a $1 million. Players select five white numbers from (1 to 69) and one red ball (1 to 26). There were a total of 122,745 winning tickets sold in Florida for Wednesday's drawing.

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  • Google fined €1.49 billion by EU Commission for blocking advertising rivals
Google fined €1.49 billion by EU Commission for blocking advertising rivals

The latest fine against the company relates to Google's AdSense advertising service and "illegal practices in search advertising brokering to cement its dominant market position", according to European Competition Commissioner Margrethe Vestager .

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  • Australia to develop national blockchain strategy
Australia to develop national blockchain strategy

It also invested $350,000 into Standards Australia to lead the development of global blockchain standards through the worldwide Organization for Standardization. Interestingly, this is not the first time that the Australian government is investing in the development of blockchain technology. Further, in a bid to spearhead the development of w...

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  • Powerball jackpot reaches $550 million after Saturday's draw yields no big victor
Powerball jackpot reaches $550 million after Saturday's draw yields no big victor

According to CBS, approximately two-thirds of Americans gamble. One ticket sold in North Dakota is worth $2 million because the purchaser spent the extra money for the Powerplay option. One was solid in Pennsylvania and the other was in New Jersey . The jackpot was last won on December 26 in NY. The latest victor was Mike Weirsky, 54, of Alph...

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  • Federal Reserve sees no 2019 hikes, plans September end to asset drawdown
Federal Reserve sees no 2019 hikes, plans September end to asset drawdown

At an economic conference soon after New Year's, Powell stressed that the Fed would be "flexible" and "patient" in raising rates - a word he and other policymakers have invoked repeatedly since - and "wouldn't hesitate" to change course if necessary.

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  • Fed Reserve holds rates steady amid weakening housing market
Fed Reserve holds rates steady amid weakening housing market

The Fed also announced plans to halt the slim down of its balance sheet, the $4 trillion in assets the central bank holds, at the end of September. Yukio Ishizuki, Senior Currency Strategist at Daiwa Securities, said he did not think market participants were expecting a quick resolution to the Sino-U.S.

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  • Second U.S. jury finds Bayer's Roundup caused cancer
Second U.S. jury finds Bayer's Roundup caused cancer

Another California man was awarded $US289 million ($A407 million) in August after a state court jury found Roundup caused his cancer, sending Bayer shares plunging at the time. "Regulatory authorities around the world consider glyphosate-based herbicides as safe when used as directed", the group said in its statement, highlighting "800 rigorous stu...

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  • SEC Stunned Musk Failed to Get Pre-Approval of Tweets for Months
SEC Stunned Musk Failed to Get Pre-Approval of Tweets for Months

Securities and Exchange Commission). The response follows the SEC's allegation that Musk's February 19 tweet about Tesla's production numbers was a violation of the agreement, and thus was a contempt of court. But the SEC lawyers wrote that submitting statements for approval does not mean Musk is prohibited from speaking. In a filing on Monday,...

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