• Despite cloud growth, slowing revenue at Alphabet sends investors fleeing
Despite cloud growth, slowing revenue at Alphabet sends investors fleeing

Alphabet reported a 17% rise in first-quarter revenue, its slowest sales growth in three years. Alphabet also saw an income boost from its stake in ride-sharing app Lyft, which went public last month. Excluding advertising commissions that Google pays to customers, Alphabet's overall revenue was $29.5 billion - also falling short of the $30 bil...

Read more

  • Trump says union members 'love' him, mocks Biden
Trump says union members 'love' him, mocks Biden

The former vice president told the crowd he chose to hold his first campaign rally in western Pennsylvania because, for the Democratic Party, it is among the "places where lately we've had a little bit of a struggle". For Democrats it's a late primary state that may have little value in the nomination. Monday's rally also drew the president's ire...

Read more

  • SAS pilot strike leads to more flight cancellations for Monday, Tuesday
SAS pilot strike leads to more flight cancellations for Monday, Tuesday

Scandinavian airlines (SAS) has cancelled 1,200 flights over Monday and Tuesday due to an ongoing pilot strike. Unions representing some 1,500 striking pilots say they want compensation for wage cuts and other concessions made in 2012, when SAS almost collapsed, as well as more predictable working hours with less fatigue .

Read more

  • Walmart takes a jab at rival Amazon's one-day shipping
Walmart takes a jab at rival Amazon's one-day shipping

The stocks of Walmart and Target received the hit on the same day, but a market analyst warns that the two brick-and-stone retailer have still a few tricks in their sleeves. Currently, more than half the products sold on Amazon come from independent sellers that pay Amazon commissions and fees in exchange for exposure on the site and shipping to ...

Read more

  • S&P, Nasdaq notch record closes from GDP, earnings boost
S&P, Nasdaq notch record closes from GDP, earnings boost

On the other hand, Facebook Inc jumped 6.7% after the social media giant's quarterly profit blew past analysts' profit estimates. Investors are assessing earnings from some of the biggest U.S. Amazon reported its results after the close of regular trading. So far, about 190 of the companies in the S&P 500 have reported their earnings for the fi...

Read more

  • Russia won't immediately raise oil output after Iran waivers end
Russia won't immediately raise oil output after Iran waivers end

While the Indian government has said that a robust plan is already in place to ensure there is adequate supply of crude to oil refineries from May, the discontinuation of crude oil imports from Iran may have economic consequences for refiners.

Read more

  • Scandinavian Airlines strike affects 72,000 travellers
Scandinavian Airlines strike affects 72,000 travellers

The pilot walkout comes after negotiations over pay and work schedules - which began last month - broke down. More than 1,400 pilots walked out on Friday, according to the SAS Pilot Group, including 372 in Denmark, 545 in Norway and 492 in Sweden .

Read more

  • Lucara finds largest uncut diamond in recent history in Botswana mine
Lucara finds largest uncut diamond in recent history in Botswana mine

That possibility was reported by the Gemological Institute of America a year ago after analysis of the 1,109-carat piece, a 373.72-carat fragment that Lucara sold separately, the 812-carat Constellation and three others weighing 374, 296 and 183 carats.

Read more

  • Ford: Justice Dept. opens probe into emissions certification
Ford: Justice Dept. opens probe into emissions certification

Ford said in a statement the Justice Department had notified it earlier this month of the criminal investigation, which made the automaker the latest to come under scrutiny for adherence to emissions standards by USA officials. Ford said it was "fully cooperating" with all government agencies and the matter is "still in the preliminary stages". ...

Read more

  • Germany, Poland halt oil imports via Russian pipeline over quality concerns
Germany, Poland halt oil imports via Russian pipeline over quality concerns

Pumping through a section of the Druzhba pipeline into central and eastern Europe was halted overnight, Ukraine said. Belarus, which sits between Russian Federation and Poland, complained late last week that its refineries could suffer damage from the contamination.

Read more

  • NY AG: Bitfinex Used Tether Reserves to Hide $850 Million Loss
NY AG: Bitfinex Used Tether Reserves to Hide $850 Million Loss

In return, Bitfinex "credited" $625 million to Tether's accounts with Crypto Capital. Only this time, the issue seems to be much larger in magnitude. Kasper Rasmussen, a spokesman for Bitfinex, didn't respond to a message seeking comment.

Read more

  • Air India server crashes, services hit
Air India server crashes, services hit

Lohani said the airline was making efforts to help the thousands of Air India passengers stranded across the globe. The glitch in Air India's passenger service system, developed by aviation IT solutions firm SITA, brought down the check-in, reservation and baggage handling systems for over five hours.

Read more

  • Tesla's Musk agrees to new vetting rules for tweets in SEC deal
Tesla's Musk agrees to new vetting rules for tweets in SEC deal

The terms of the agreement , filed in federal court in the Southern District of NY, dictate that Musk is required to seek legal counsel before posting any public statements, including tweets, regarding the electric auto company's finances and business operations that could impact investors' views of the company.

Read more

  • American Airlines executives confident 737 MAX will be ungrounded by August 19
American Airlines executives confident 737 MAX will be ungrounded by August 19

That forced the Fort Worth-based carrier to lower its forecast for full-year earnings. Per the Independent , in the first two months of 2019, about 30% of all 737 Max flights from European airports were operated by Norwegian. Nevertheless, despite an overwhelming shadow casting over the fortune of the largest planemaker of the world, the Seattle-b...

Read more

  • Uber Drivers Plan Strike Ahead Of IPO
Uber Drivers Plan Strike Ahead Of IPO

Its valuation puts Uber closer to the $76bn that it fetched in its last private funding round. The only timeframe being reported right now is "early May", which means Uber could make its Wall Street debut as early as next Thursday or Friday, May 2 or 3.

Read more

  • USA economy grows by 3.2 percent, beating expectations
USA economy grows by 3.2 percent, beating expectations

According to a news release from the U.S. Commerce Department's Bureau of Economic Analysis, "The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports , state and local government spending, and nonresidential fixed investment".

Read more

  • Harley-Davidson reported lower sales
Harley-Davidson reported lower sales

Harley is moving some USA production overseas to sidestep European Union (EU) tariffs that jumped to 31% from 6%. "The shares have rallied (we think) in anticipation of potential tariff relief ... The US President previously called for a boycott of Harley Davidson after the company moved some of its production to Thailand. This was partly becau...

Read more

  • Amazon rolls out Key for Garage, expands Key delivery to more cities
Amazon rolls out Key for Garage, expands Key delivery to more cities

If you already own a myQ-connected smart garage, all you need to do is download the Key app in order to sync your Amazon and myQ accounts. Or just buy a myQ-connected Chamberlain or LiftMaster Wi-Fi garage door opener. Key for Garage allows eligible Amazon Prime members to get deliveries in their garage using the Key Smart Garage Kit. "Ke...

Read more

  • Google self-driving unit Waymo picks Detroit factory site
Google self-driving unit Waymo picks Detroit factory site

Once work begins at the Detroit location, Waymo could install self-driving systems on as many as 62,000 Chrysler Pacifica hybrid vans and 20,000 Jaguar vehicles. "We looked for a turnkey facility that would allow us to grow and expand over the years to come in a place where there was a strong pool of talent across engineering, operations and ...

Read more

  • Kohl's will accept returns for Amazon customers starting in July
Kohl's will accept returns for Amazon customers starting in July

When returning an Amazon item to Kohl's you won't have to worry about boxing the items up. The ability to make Amazon returns in-store is the latest move by Kohl's to improve its retail customer experience. Shopping is about to get a whole lot more convenient. In addition to the returns program, Amazon and Kohl's also toyed around w...

Read more