• Employers at India's stricken Jet Airways protest
Employers at India's stricken Jet Airways protest

Shares of Jet Airways fell 1.5 percent to 252.30 rupees as of 9:42 a.m.in Mumbai , extending this year's losses to 9.1 percent. The official said that the airline has suspended its worldwide operations till Monday. But it has been struggling for more than a decade since it borrowed heavily to compete against a new crop of budget airlines. Empl...

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  • Donald Trump: Republicans Have Not Explained Tax Bill Well Enough
Donald Trump: Republicans Have Not Explained Tax Bill Well Enough

The White House's Council of Economic Advisers also says the economy saw a boost, despite the naysayers. The House Ways and Committee has ratcheted up its demands for the IRS to release Trump's returns to them as the Trump administration has ratcheted up the ridiculousness of their reasons not to release the returns.

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  • Defiant Musk Sends Out Other Controversial Tesla Tweet
Defiant Musk Sends Out Other Controversial Tesla Tweet

The financial markets regulator in February asked a judge to hold Elon Musk in contempt for violating a deal the regulator struck with the Tesla chief executive previous year, which requires him to get the approval of the Tesla board of directors before tweeting anything that could "be material to investors".

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  • Oil Prices Jump Over 1 Percent Amid Tightening Supply
Oil Prices Jump Over 1 Percent Amid Tightening Supply

After closing the previous session at $70.98 a barrel on Thursday, global benchmark Brent crude gained 0.2% to trade at $71.12 per barrel at 0630 GMT. The WTI Crude Oil market tried to rally during the day on Friday but gave back about half of the gains by the time we got into NY afternoon trading.

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  • Migrants Could Benefit From Trump Sanctuary City Idea
Migrants Could Benefit From Trump Sanctuary City Idea

On Monday, lawmakers in NY proposed a bill that would allow the commissioner of the state's Department of Taxation and Finance to turn over state tax returns if requested by certain congressional committees. "It really looks like the administration is willing to play with people's lives to score political points", he said. Treasury Secretary Steven...

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  • McConnell won't say if Senate would back Herman Cain for Fed
McConnell won't say if Senate would back Herman Cain for Fed

The president has said privately that he knows Cain will have trouble getting confirmed to the Federal Reserve Board, people familiar with the matter said Thursday. Trump in recent days has said he wants to add Cain to the Fed's seven-member board of governors at a time when he has been repeatedly chiding the central bank's leadership for their man...

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  • Chevron buys Anadarko in US$33 bil bet on shale oil, LNG
Chevron buys Anadarko in US$33 bil bet on shale oil, LNG

In 2018, Chevron had US$42.4 billion in revenues and pumped 3.1 million barrels of oil equivalent per day, above the level of most members of the Organization of the Petroleum Exporting Countries. Occidental Petroleum Corp. made a $70-per-share offer for Anadarko, according to a person familiar with the matter. Exxon reported average production pa...

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  • US Government Will Build Better Infrastructure For 5G Network: Donald Trump
US Government Will Build Better Infrastructure For 5G Network: Donald Trump

Pai explained that the FCC is making strides by freeing up spectrum, making it easier to install wireless infrastructure by rolling back regulations, and encouraging the deployment of optical fiber. "We want Americans to be the first to benefit from this new digital revolution", Pai said. "The White House has yet to offer a workable plan for US...

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  • International Olympic Committee stops fuel supply, Jet secures other sources
International Olympic Committee stops fuel supply, Jet secures other sources

The consortium of banks has appointed SBI Caps to take out the EoI and conduct the process of their stake sale in the airline. Lenders are offering to offload up to 75% stake in the airline. Currently, the airline operates 26 aircraft which includes Airbus A330s, Boeing 777s, 737-800 and ATRs to various destinations like London, Toronto, Singapor...

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  • Tesla's $35,000 Model 3 just got even harder to buy
Tesla's $35,000 Model 3 just got even harder to buy

These cars will be upgraded over-the-air with full autonomy according to Tesla , which plans to use those Model 3s "in the Tesla ride-hailing network". Buyers can choose any Model 3 variant with annual mileage options of 10,000, 12,000 or 15,000. The move mirrors how Tesla handled orders for the short-lived base 40-kwh Model S in 2012.

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  • Amazon admits that employees review
Amazon admits that employees review "small sample" of Alexa audio

Now, Amazon is at the center of a potentially massive data scandal which suggests workers, not just artificial intelligence, are listening to Alexa voice commands . Engadget has reported that "two workers from Romania said they had to listen to what could've been sexual assault" and that "they were apparently told that they couldn't do anything a...

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  • Fisher-Price recalls millions of baby sleepers after fatalities
Fisher-Price recalls millions of baby sleepers after fatalities

Earlier this week , Consumer Reports published an analysis on the product and said it could be linked to up to 32 infant sleeping deaths. These deaths happened after the babies rolled from their back to their stomach or side, while unrestrained.

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  • Jet Airways cancels ALL worldwide flights - chaos as furious passengers stranded
Jet Airways cancels ALL worldwide flights - chaos as furious passengers stranded

Between yesterday and today, it cancelled flights to Singapore and Kathmandu. The total number of operational aircraft fell to 14 on Thursday, people in the know said. Earlier, in the day the aviation secretary Pradeep Singh Kharola told PTI that the ministry may review Jet's eligibility to continue its worldwide operations after it gets a report...

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  • Ride-hailing giant Uber files for United States initial public offering
Ride-hailing giant Uber files for United States initial public offering

The company is on track to price its IPO and begin trading on the New York Stock Exchange in early May. "Just a small percentage of people in countries where Uber is available have ever used our service", Dara Khosrowshahi, the company's CEO, wrote in the SEC filing.

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  • The IMF cuts global growth outlook to 3.3 percent
The IMF cuts global growth outlook to 3.3 percent

However, the fund downgraded China's economic growth for 2020 to 6.1 percent from its previous projection of 6.2 percent. The World Economic Outlook report , released on Tuesday in Washington , also projects that Macau's economy will contract again in 2020, losing a tenth of a percentage point to 4.2%.

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  • Oil Prices Slip as U.S. Stocks Surge, but Global Market Tightens
Oil Prices Slip as U.S. Stocks Surge, but Global Market Tightens

American benchmark West Texas Intermediate was at $64.31 a barrel at the same time for a 0.05% loss after closing the previous session at $64.34 per barrel. Citing that a Libya tension is fanning the flames of investors' optimism, an oil price analyst, Tamas Varga of PVM said, "Libya's oil production and exports have not been jeopardized but the ...

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  • Boeing CEO points to risk and responsibility in fresh statement
Boeing CEO points to risk and responsibility in fresh statement

On March 13, the U.S. Federal Aviation Administration followed its global counterparts and grounded the country's 737 Max planes in the wake of two recent crashes involving the aircraft that killed everyone on board. Boeing Max is a popular airplane model across the globe. Lawyer Michael Indrajana said that since the crash, families in Ind...

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  • Fiat Chrysler confirms paying Tesla for Carbon dioxide credits
Fiat Chrysler confirms paying Tesla for Carbon dioxide credits

Not only are the FCA fleet's average emissions among the worst in the industry, the automaker was sued by the US Department of Justice in 2017 for allegedly using software to fool regulators into thinking its cars were compliant. Given that Tesla only has EVs it will reduce the average emissions of FCA substantially. "The purchase pool is providing...

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  • When is the Best, Worst Time to Buy Gasoline?
When is the Best, Worst Time to Buy Gasoline?

And the average price is already above $3 a gallon in six western states: California, Hawaii, Washington, Oregon, Nevada and Alaska. Friday, Saturday, and Sunday are the most expensive and have the longest wait times when looking at national averages.

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  • Brexit: Over half of United Kingdom voters want second referendum
Brexit: Over half of United Kingdom voters want second referendum

Parliament before then. He said the United Kingdom could still leave before that date if it got an agreement through Parliament in time and that ministers were committed to leaving at the "earliest opportunity". The leaders also discussed the ongoing situations in Yemen and Libya. "One possibility would be a flexible extension, which would last o...

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