Business

Cuomo raps Amazon critics amid report company's rethinking

The lack of land would make scrapping the plans easier, the source told Reuters. The shares initially dipped when the Washington Post report was posted Friday but then quickly gained back some of the loss. Amazon is notoriously unfriendly to unions. Back in November, Ocasio-Cortez slammed the project as one benefiting a large outside corporation over local NY residents.

Pope Says Vatican Open to Mediating in Venezuela if Both Sides Ask

Meanwhile, Juan Guaidó, the Venezuelan opposition leader recognized as the country's interim president by the USA and several major European countries, has ordered Venezuela's congress to appoint new boards at PDVSA and its US refining unit Citgo, Reuters reports .

Alibaba jumps after seeing a big boost from the cloud

Analysts polled by FactSet expected the company to post 119.03 billion yuan. Daniel Zhang, 47, said the slowdown had caused concerns in the market but Alibaba's ecommerce platforms showed that "Chinese consumption growth is still strong".

Maduro pleads with Americans to prevent 'Vietnam in Latin America'

The Supreme Court, stacked with Maduro loyalists, has approved a preliminary investigation into Guaido's activities. Guaido heads the opposition-controlled National Assembly and has proclaimed himself Venezuela's interim president. Venezuelan President Nicolas Maduro called on the people in the USA to deter the Trump administration from putting boots on the ground in Venezuela, warning that any intervention would backfire leading to new Vietnam-like disaster.

Venezuela crisis: Trump plans to SIEZE Nicolas Maduro's wealth, risking infuriating Russian Federation

Mr Maduro cruised to reelection last May amid low turnout and allegations of vote buying by the government. Maduro's assertion was based on reports that Vice President Mike Pence had promised to support Guaidó only days before the opposition leader declared himself to be in charge of the country.

Ireland knocks back Polish proposal to break Brexit deadlock over backstop

But she refused to rule out a no-deal Brexit, and insisted that there was no majority in the House of Commons for a so-called People's Vote. May vowed to be "more flexible" with lawmakers in trying to agree changes to the Northern Irish backstop , an insurance policy to ensure there will be no return to border checks between the British province and Ireland.

China's Huawei reportedly targeted in U.S. criminal investigation

Huawei contended in a filing that, despite admitted wrongdoing on the part of employees, the actions did not constitute trade theft because the technology, a robotic device dubbed "tappy", was no secret. Huawei is the world's biggest producer of telecommunications equipment. She is awaiting extradition hearings to the USA while living under restrictions in her million-dollar Vancouver home.

No recession in 2019: Fed chairman

US stocks initially turned lower after Powell said the central bank is sticking with its process of shrinking its balance sheet to a more normal level, which removes stimulus put into place to revive the economy following the financial crisis and recession a decade ago.

Oil falls 1 pct on swelling USA supply, concerns on trade talks

Stock markets in Germany, France, Japan and China fell back after rising Wednesday following Trump's comment on Twitter that the talks were "going well!" Trump tweeted on Tuesday as the second day of mid-level meetings wrapped up. cars and toned down its "Made in China 2025" plan, which aimed at breaking the country's reliance on foreign technology and pull its hi-tech industries up to western levels.

Tim Cook will host meeting for all Apple employees to talk iPhone

After Apple's first revenue warning in almost 12 years, investors also dumped chipmakers and tech stocks and flocked to perceived safe havens like U.S. "It will be interesting to see how Apple shares react if there's a China trade agreement". However, the company's woes in China have been exacerbated by a court decision that could potentially ban iPhone sales in the country.

Tesla shares drop after USA price cut, production numbers

The Model 3 starts at US$35,000 but still can't be purchased for under US$45,000. With Musk having generally reigned in his own behavior and the company's Model 3 production figures much closer to weekly production targets, the alarm bells that were ringing six months ago have quieted considerably.

Sears announces more store closures, including Mall of America location

ESL said that should its bid be accepted, it expects the company to emerge from bankruptcy. Lampert and ESL have been trying to buy the rest of Sears for up to $4.6 billion in cash and stock. The 130-year old retailer set a deadline of Friday for bids for its remaining stores to avert closing down completely. Sears will now evaluate the bid to determine whether it is viable, and there remains a possibility the company could reject it, some of the sources said.

USA sets new March 2 date for China tariff rise amid talks

China also announced that they will suspend implementing tariffs on USA -made Vehicles and auto parts for three months starting Jan.1. The White House imposed a deadline of March 1 to reach a deal or move ahead with additional tariffs on Chinese goods, but President Trump has suggested in public comments that the date could be extended.

New York 'Alien Invasion' Blue Light Memes & Jokes

The New York Police Department said a transformer exploded at the utility company's facility in Astoria shortly after 9 p.m., CBS New York reports . It also prompted a brief ground stop at LaGuardia Airport . In January 2014, a transformer under Sixth Avenue in midtown blew up after being shorted out by salt and melting snow, causing some impressive (orange) flames and leading to the evacuation of a nearby building.

Markets Right Now: US stocks open lower as sellers return

He remained bullish on US companies and their prospects, insisting from the Oval Office on Tuesday: "They have record kinds of numbers". The Shanghai Composite Index rose 0.5 percent to 2,495.16 points while Tokyo's Nikkei 225 lost 0.6 percent to 19,964.54.

'Oil producers to review output cut in April'

Monday's price dip tells us two things, says PVM Oil Associates in London: "Either the 1.2 million bpd reduction in the production of the OPEC+ group is not deemed sufficient by the market, or there are other bearish factors at work".

Ex-NASA Engineer's Fart-Laced 'Glitter Bomb' Stuns Package Thieves

Glitter Bomb Trap ."The video, which was sponsored by NordVPN, has so far received more than 4 million views since being posted on December 17, 2018". Several different thieves had a massive amount of glitter and fart spray dumped all over them and their surroundings. It's a fake package that covers the thieves in glitter and a horrific odor.

California farm linked to romaine lettuce E. coli outbreak recalls more produce

Farming Inc. of Santa Maria California have been recalled. Consumers with questions about the recall can call Adam Bros. Farming in Santa Marie, Calif., is recalling cauliflower that was sold to wholesalers in 10 states, including North Carolina, because it may be contaminated with E.

[Newsmaker] Canada says second citizen 'missing' in China

Another option for the daughter of the Chinese billionaire founder of Huawei is to waive any legal challenges in Canada, hire the best lawyers she can find in the US and fight the case in the U.S. The United States alleges that Meng was personally complicit in giving untrue assurances to USA financial institutions that Huawei was not involved in evading U.S.

Theresa May survives no confidence vote, vows to ‘deliver Brexit & better future’

The SNP's Stephen Gethins urged Labour to "step up to the plate" and call a vote of no confidence in Mrs May, accusing the government of "playing games with people's lives". Solicitor general Robert Buckland, also speaking outside the meeting, said: "the party has to be prepared to give her the space to go back to the EU".