business news
5 big risks that the world’s fragile economy doesn’t need right now
It’s now more than 10 years since the subprime mortgage crisis in the U.S. forced banks around the world to stop lending to each other as fears rose over the unknown quality of balance sheets. Within months, factory output and trade collapsed, forcing unemployment to rise quickly. While central banks and lawmakers acted to oil …
Indians feel technology will automate jobs but will also make lives much better
New Delhi: Despite the looming fears that AI (artificial intelligence) and robotics will take away jobs, Indians seem to be more optimistic than their peers in other regions about the impact of technology on their lives. This was one of the key findings from an opinion poll commissioned by the World Economic Forum and carried …
Vaping lung cases surge to more than 1,000 with at least 18 deaths, CDC says
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California. Justin Sullivan | Getty Images The number of cases of a deadly vaping illness continues to rise “at a brisk pace” with 18 confirmed deaths and more than 1,000 cases in almost every state across the U.S., according to the Centers for Disease …
Retail trade group sees holiday sales rising 3.8% to 4.2% this year
A pedestrian carries a Macy’s Inc. shopping bag while walking past a store in New York. Idris Talib Solomon | Bloomberg | Getty Images Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, …
Bank of America says this is a ‘make or break’ quarter for Netflix
Netflix Co-founder, Chairman & CEO Reed Hastings attends a Q&A during a Transatlantic Forum in Lille, France. Sylvain Lefevre | Getty Images Netflix’s upcoming earnings results will show whether it’ll be able to compete with new rival platforms from Disney, Apple and others, according to Bank of America Merrill Lynch. Investors will take special note …
Tesla, Alphabet, United Technologies & more
Elon Musk, co-founder and chief executive officer of Tesla Motors Inc., speaks during an interview at the company’s assembly plant in Fremont, California, U.S., on Wednesday, July 10, 2013. Bloomberg | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Thursday: Deutsche Bank raised its price target on Alphabet to $1,600 …
PepsiCo (PEP) earnings Q3 2019
A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations, as its increased spending on advertising and marketing paid off for brands like Gatorade. Shares of the food and beverage giant jumped 3% in premarket trading. …
‘Toxic chemical fumes,’ not oils, may be causing vaping illness: Mayo Clinic
Andy Ramkumar, who works at Gotham Vape in Queens, vapes at the store on September 17, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Doctors researching the cause of a sudden respiratory illness that’s killed at least 16 people in the U.S. since July say a mix of “toxic …
Boris Johnson promises no Brexit checks at Irish border
LONDON — U.K. Prime Minister Boris Johnson promised his Conservative Party on Wednesday to deliver a Brexit that would “avoid checks at or near the border in Northern Ireland.” In his first party conference as U.K. prime minister, Johnson told delegates that a fresh text outlining how Britain and Northern Ireland can leave the European …
Tesla acquiring DeepScale, computer vision start-up, for self-driving
An employee drives a Tesla Motors Inc. Model S electric automobile, equipped with Autopilot hardware and software, hands-free on a highway. Jasper Juinen | Bloomberg | Getty Images Tesla is acquiring DeepScale, a computer vision start-up that could help it develop fully driverless vehicles, CNBC has learned. The deal could help Tesla’s goal to deliver …