• Tesla Posts Profit in Q4 2018, Outlines Challenges for 2019
Tesla Posts Profit in Q4 2018, Outlines Challenges for 2019

Tesla's top line soared 120% year over year in the company's fourth quarter to $7.2 billion. Fortunately, Tesla now has additional help with Model 3 production by way of a new factory in Shanghai and improved capacity at its Fremont, California plant.

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  • PG&E files for bankruptcy protection after catastrophic California wildfire
PG&E files for bankruptcy protection after catastrophic California wildfire

PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company have filed voluntary petitions under Chapter 11 of the US Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California , while seeking court approval to access $5.5 billion in debtor-in-possession financing to support oper...

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  • Federal Bureau of Investigation arrests another Apple engineer for stealing autonomous vehicle tech
Federal Bureau of Investigation arrests another Apple engineer for stealing autonomous vehicle tech

Jizhong Chen was arrested by Federal Bureau of Investigation agents a day before he was scheduled to fly to China to begin work with a China-based autonomous vehicle company and direct competitor of Apple's vehicle project. Furthermore, it said, Chen admitted to backing up his Apple-supplied work computer onto a personal hard drive, which is a big...

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  • Facebook’s growth not troubled by scandals and privacy rage
Facebook’s growth not troubled by scandals and privacy rage

Although the user growth did not specifically mention of Singapore among other Southeast Asian countries, the number could not be taken for granted. Mobile advertising revenue represented approximately 93% of advertising revenue for the fourth quarter of 2018, up from approximately 89% of advertising revenue in the fourth quarter of 2017.

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  • Amazon Q4 sales, earnings beat expectations; outlook disappoints
Amazon Q4 sales, earnings beat expectations; outlook disappoints

Sales at Amazon Web Services , the top seller of cloud-computing services, climbed 45 percent to $7.43 billion, maintaining the pace of the previous period. Amazon in October pledged to pay all of its warehouse employees at least US$15 an hour, while eliminating some bonuses and stock awards. Amazon projected first-quarter growth to hit between ...

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  • Dude, VW’s Dune Buggy is Fully Electric
Dude, VW’s Dune Buggy is Fully Electric

It is, as Volkswagen Head Designer Klaus Bischoff calls it, "vibrancy and energy on four wheels". Actually, lots of curious things were taking place back then, but in the vehicle world, people were yanking the exterior bits off Volkswagen Beetles and replacing them with open-air, barebones bodies.

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  • Foxconn says it can’t afford to make TV screens in Wisconsin
Foxconn says it can’t afford to make TV screens in Wisconsin

Foxconn has scrambled the picture on its plans to build a $10 billion LCD campus in Wisconsin. We were promised a game-changing economic opportunity for our state. Still, a supporter of the project, noted the company has already invested as much as $200 million in Wisconsin so he's not anxious that the company might pull out.

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  • US, China to hold 2-day trade talks from Wednesday
US, China to hold 2-day trade talks from Wednesday

The United States and China launch a critical round of trade talks on Wednesday (Jan 30) amid deep differences over USA demands for structural economic reforms from Beijing that will make it hard to reach a deal before a Mar 2 U.S. "We want to make sure that when we get a deal that that deal will be enforced", Mnuchin said, adding that "there´s b...

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  • Federal Reserve holds interest rate, stresses
Federal Reserve holds interest rate, stresses "patience" on future hikes

Wall Street stocks rallied on Wednesday (Jan 30) following a dovish Federal Reserve announcement and earnings from Apple and Boeing that bested expectations. "At such times, common sense risk management suggests patiently awaiting greater clarity", he said. Here are the key takeaways from the FOMC statement: Patient Fed The Fed dropped "fu...

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  • Musk not worried about Tesla Model 3 demand, but Wall Street is
Musk not worried about Tesla Model 3 demand, but Wall Street is

In this, it'll be something more aligned with the Model X SUV's pricing. Musk also divulged some hope for a summer unveiling of a Tesla pickup truck, which Musk praised as "unique". Wall Street is expecting profits to fall compared to last quarter. Musk announced a 7 percent workforce reduction earlier this month, saying it was crucial to cut c...

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  • India’s unemployment rate highest in 45 years
India’s unemployment rate highest in 45 years

Niti Aayog CEO Amitabh Kant , who too was present at the conference, said India is creating adequate number of jobs for new entrants, but "probably we are not creating high quality jobs". As the 2019 elections are approaching, PM Modi has been gheraoed by the Opposition and the youths of the country demanding jobs, but the government has been men...

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  • Ghosn blames 'rivals' inside Nissan for arrest, denies allegations
Ghosn blames 'rivals' inside Nissan for arrest, denies allegations

Speaking to the Nikkei newspaper in his first media interview since his arrest on November 19, Ghosn said he had discussed plans to integrate the companies with Nissan CEO Hiroto Saikawa in September. The prolonged detention of Mr Ghosn has cast light on Japan's judicial system, which allows the indefinite detention of individuals. But he que...

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  • USA sends Canada request to extradite Huawei's Meng
USA sends Canada request to extradite Huawei's Meng

Huawei's CFO has been held under house arrest in Vancouver, Canada , since early December 2018 at the request of the United States . The US Department of Justice said in a statement: "The defendants Huawei and Skycom are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violation...

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  • Supreme Court bars Guaido from leaving Venezuela, freezes accounts
Supreme Court bars Guaido from leaving Venezuela, freezes accounts

Venezuelan social media was alive with theories, including that the place had brought mercenaries, or was there to escort Maduro into exile. He said he was aware of Trump's "orders" for the Colombian government and the local mafia to kill him.

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  • Rusal shares soar, aluminum falls as U.S. lifts sanctions
Rusal shares soar, aluminum falls as U.S. lifts sanctions

The Democratic-led House voted by an overwhelming 362 to 53 in favor of a resolution of disapproval of the U.S. Treasury Department's decision last month to lift sanctions on the core businesses of Deripaska: Rusal, its parent, En+; and power firm EuroSibEnergo Plc.

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  • Stocks slide as slow growth in China weighs on earnings
Stocks slide as slow growth in China weighs on earnings

Shares rose 3 per cent to US$199 before regular trading in NY. The Dow was led lower by shares of Caterpillar . The earnings risk from China "is definitely something you need to brace for", said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.

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  • Tyson recalls 18 tons of chicken nuggets that may contain rubber
Tyson recalls 18 tons of chicken nuggets that may contain rubber

Safety officials said they are concerned that some potentially contaminated products may remain stashed inside households' freezers. The packages have a best if used by date of November 26, 2019 and the case code 3308SDL03. Perdue Foods and Harvest Food recalled thousands of pounds of ready-to-eat chicken meals because of "misbranding and un...

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  • Five engineers arrested in Brazil over deadly dam collapse
Five engineers arrested in Brazil over deadly dam collapse

Dams built according to the model used in Brumadinho and Mariana would no longer be used and would be destroyed, CEO Fabio Schvartsman said. A torrent of muddy mining waste unleashed by a dam breach that killed at least 84 people in southeastern Brazil is now heading down a small river with high concentrations of iron oxide.

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  • Postal service suspends delivery Wednesday in many states due to cold
Postal service suspends delivery Wednesday in many states due to cold

The U.S. Postal Service Spokeswoman, Stacy Hopwood, has not responded to multiple requests for clarification via phone call, text or email. Schools across the city have already canceled classes. In those affected areas, the agency said mail and packages won't be collected or delivered to businesses, collection boxes or residences. Some USPS store...

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  • Court bars Venezuela's self-declared president Juan Guaido from leaving the country
Court bars Venezuela's self-declared president Juan Guaido from leaving the country

The court also imposed a travel ban on the 35-year-old leader and froze his bank accounts. More than 40 people are believed to have been killed in political violence last week, including 26 shot by pro-Government forces, five killed in house raids and 11 during looting, United Nations human rights spokesman Rupert Colville said.

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