Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings.
The New York tabloid Daily News cut half of its newsroom staff Monday including Jim Rich, the paper’s editor in chief. The paper was sold to Tronc Inc. last year for $1, with the owner of the Chicago Tribune assuming liabilities and debt. The newspaper has been a key fixture in New York City for the last century. …read more […]
Some Uber drivers are reportedly charging customers $80 to $150 after falsely reporting that riders vomited inside their vehicles, according to a Miami Herald report. As detailed by the Miami Herald, the Uber driver sends false photos of the incident to Uber management, who then initiates the fee. …read more […]
The Wall Street Journal had reported on Sunday that Tesla had turned to some suppliers for a refund of previously made payments in a bid to turn a profit, citing a memo sent by a Tesla global supply manager. Concern that the memo signalled that money-losing Tesla was scrambling to find cash to fund its current operations and multiple long-term projects had sent shares down. Any pricing adjustments would improve Tesla’s “future cash flows, but not impact our ability to achieve profitability in Q3,” the spokesperson added. …read more […]
Tesla said on Monday that it had asked a small number of suppliers to cut prices on ongoing, long-term projects to improve its future cash flow, after a media report about a discount request sent shares of Tesla down as much as 6.6 percent.
Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings.
French water and waste group Veolia said in a statement executive committee member Claude Laruelle had been appointed new chief financial officer while Veolia UK chief Estelle Brachlianoff will be appointed chief operating officer.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of repair videos leaking. Repair Videos: A series of official videos on how to perform repairs on Apple devices have leaked, reports 9to5Mac. The videos were found on Reddit and uploaded to YouTube. …read more […]
Trump also said former campaign adviser Carter Page, the subject of government documents released over the weekend, wasn’t a spy or an agent of Russia. “Carter Page wasn’t a spy, wasn’t an agent of the Russians – he would have cooperated with the FBI. It was a fraud and a hoax designed to target Trump,” the president said in a series of tweets quoting Tom Fitton, president of the conservative watchdog group Judicial Watch. …read more […]
Fears that monetary policymakers in the U.S. and Japan will scale back support for the economy sent quivers through debt markets on Monday, while U.S. stocks gained ahead of major company earnings reports.
U.S. stocks rose on Monday as a jump in 10-year bond yields to a month’s high boosted financials and technology stocks rebounded, with investors waiting for earnings from marquee corporations to assess the impact of an escalating U.S.-China trade row.
Berkshire Hathaway is the closest thing to a tax-efficient version of an index fund. …read more […]
U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high.
Oil prices pulled back in volatile trading on Monday as both crude benchmarks fell after rallying more than $1 a barrel early in the session on escalating tensions between the U.S. and Iran.
The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday.
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