Business

Lawsuit filed against Uber for stealing wages.

The New York Taxi Workers Alliance (NYTWA) and a group of Uber Drivers filed a lawsuit against Uber for stealing wages. The group representing 5,000 Uber drivers in New York filed the new claims today and says the rideshare giant unfairly…
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Smart Modules will account for 30% of all solar panel shipments in 2017

  • December 26, 2016
Several companies have begun embedding electronics into PV modules. This enables performing maximum power point tracking (MPPT) for each module individually, and the measurement of performance data for monitoring and fault detection at module level. Some of these solutions make use of power optimizers, a DC-to-DC converter technology developed to…
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dea

DEA makes life saving non-psychoactive CBD exctract schedule one drug

  • December 16, 2016
United States’ Drug Enforcement Administration (DEA) amends Schedule I Controlled Substances Act to include cannabidiol (CBD) United States’ Drug Enforcement Administration (DEA) on Wednesday set new cannabis extract laws by amending the Schedule I Controlled Substances Act to include tighter regulations for marijuana extracts, including cannabidiol (CBD). In the new…
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Donald Trump just took a shot at Boeing in Trump Tower

  • December 10, 2016
President-elect Donald Trump unexpectedly started negotiating with Boeing over the price of a new Air Force One on Tuesday morning. First over Twitter, Trump threatened to cancel the order for a new Air Force One, which would be used for future presidents. He said the cost of the new 747…
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Bank of America CEO Brian Moynihan sees banks benefiting from faster growth

  • December 6, 2016
Rising interest rates and the incoming administration's pro-growth policies will help major financial institutions in the coming years, Bank of America Chairman and CEO Brian said on Tuesday. "Faster growth, that's good for Bank of America. Higher interest rate structure, that's good for Bank of America," Moynihan said in a…
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Bigger trade deficit suggests trade will drag on growth

  • December 6, 2016
The U.S. trade deficit increased in October as exports fell amid declining shipments of soybeans and other goods, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday that the trade gap widened 17.8 percent to $42.6 billion. September's trade deficit…
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US productivity growth rebounds sharply to best level in two years

  • December 6, 2016
U.S. worker productivity rebounded sharply in the third quarter as initially estimated, marking its quickest pace of growth in two years, but the trend remained weak. The Labor Department said on Tuesday that non-farm productivity, which measures hourly output per worker, rose at an unrevised 3.1 percent annual rate. The…
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McDonald’s to keep up to 25 percent stake in China, HK stores

  • December 6, 2016
McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. The company has…
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“Stadium Retail Store” launched in New York

  • December 6, 2016
Adidas has opened a brand-new sprawling home for its offerings in New York City, just a few blocks from Times Square on 5th Ave. The global flagship is four floors, including a lower level, and measures 45,000 square feet. That makes it the German sportswear giant's largest store in the…
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WORLD CURRENCY NOTES

It looks like the dollar won’t be catching the euro quite yet

  • December 6, 2016
The euro looks set to put a pause its post-U.S. election drop. "If the [euro] doesn't sell off on bad news, I think it's telling us something. I think it's going to correct higher," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman. The euro was near…
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Italy’s pain has turned into even more gains for US banks

  • December 6, 2016
For how tumultuous of a year it's been for business and politics, it's somehow fitting that 2016 should end with Americans banks sitting pretty as an oasis of stability. After an explosive move higher during November, U.S. banks got another boost Monday from the "no" vote in the weekend's Italian…
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Trump stacks kitchen cabinet with millionaire, billionaire executives

  • December 2, 2016
President-elect Donald Trump has assembled a kitchen cabinet of wealthy corporate and financial executives This includes current and former leaders from General Motors, JPMorgan Chase and IBM — to provide him with economic advice. The 16-person group, whose membership was announced Friday, will meet for the first time at the…
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american-eagle

Could American Eagle Outfitters be headed to its downfall?

  • December 2, 2016
  Market chain loosing appeal Recent market analysis shows  the American Eagle Outfitters (AEO) is loosing its appeal among teens and the young generation. Its touch has degraded by 12.43% among this category of customers. Its due to this trend that its shares dropped by as much as 15% on Wednesday…
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spotify

Europe’s biggest tech hope Spotify could see profits next year

  • December 2, 2016
Music streaming service Spotify, one of Europe’s most valuable tech start-ups, could start to become profitable as early as next year, said a board member who was also one of the company’s first investors. Spotify, the global leader of the music streaming industry even in the face of mounting competition…
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cruiseship

Carnival’s Princess Cruises to pay record fine for pollution, cover-up

  • December 2, 2016
Carnival’s Princess Cruises will pay a $40 million fine for dumping oily waste into the ocean – the largest penalty of its kind in history. The company also pleaded guilty to seven felony charges. A whistleblower discovered the elaborate workaround system three years ago and alerted investigators. Investigators charge the…
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