General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.
Oil prices edged lower on Friday, as concerns about China’s economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.
The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the 737 MAX involved in two deadly crashes.
Boeing shares are under pressure after multiple reports that internal messages from as far back as 2016 suggest employees may have misled FAA on 737 MAX. Yahoo Finance’s Jen Rogers, Myles Udland and Brian Sozzi discuss with CBS News Travel Editor Peter Greenberg. …read more […]
Oracle Corp co-Chief Executive Officer Mark Hurd has died, the business software maker said on Friday, an unexpected development that raises pressure on co-CEO Safra Catz to lead the company’s ongoing transition to cloud computing.
A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession.
The Pentagon’s decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin , could be delayed until 2021 because of issues integrating the jet with its testing and training simulators, an official said on Friday.
The U.S. Food & Drug Administration said on Friday that it found that a sample from one lot of Johnson & Johnson’s baby powder contained chrysotile fibers, a type of asbestos, confirming test results the company disclosed earlier on Friday.
The Pentagon’s decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin, could be delayed until 2021 because of issues integrating the jet with its testing and training simulators, an official said on Friday. Full-rate production contracts are more lucrative for defense companies than low rate production contracts, suggesting larger payments for F-35 deliveries to Lockheed from the U.S. government and its allies could be delayed by as much as a year. Pentagon acquisition chief Ellen Lord told reporters she had signed off on a report that indicated the final decision on …read more […]
Boeing shares slumping after Reuters reported messages from 2016 suggest employees misled the FAA about the safety system on the grounded 737 max – which was responsible for two deadly crashes. The FAA says it has turned over those messages to U.S. lawmakers. Yahoo Finance’s Dan Roberts joins Alexis Christoforous on The Ticker. …read more […]
Boris Johnson worked behind the scenes Friday to win enough support to push his new Brexit deal through the fractious British Parliament and pave the way for Britain — finally — to leave the European Union in two weeks. Johnson returned overnight from the EU summit in Brussels where he sealed the divorce deal and began a busy day of meetings and phone calls as he attempted to persuade lawmakers to ratify the pact at a rare Saturday sitting of Parliament. Johnson’s Conservative Party holds only 288 seats in the 650-seat House of Commons, so he will have …read more […]
Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing and bleak economic data from China soured investor risk appetite, offsetting generally positive corporate earnings.
About 69% of prospective home buyers say the big barrier to buying is saving enough for a down payment and costs, says a recent Bank of America survey. …read more […]
Lawyers for U.S. President Donald Trump and his re-election campaign have threatened in a letter to sue CNN for what they said was the network falsely advertising itself as a news organization, calling on executives to first discuss an “appropriate resolution” to the matter that would include a “substantial” payment to cover damages. The letter, dated Oct. 16 and made public on Friday, is the latest threat by Trump to sue a media organization over what he sees as unfair media coverage since launching his 2016 presidential campaign, although no lawsuits have been filed. The letter was signed by Charles …read more […]
The bitcoin halving is scheduled to occur in May 2020. Halvings happen about every four years, and each time, the amount of new bitcoin being mined is cut in half.
After this next halving, the reward for successfully mining a block will be reduced from 12.5 coins to 6.25 coins.
The “inflation rate” (percentage of new coins coming into the market) will go from 3.7% to 1.8%. That’s a big decrease in new supply.
In the past, halvings have been extremely bullish for bitcoin prices.
At the time of the first halving in 2012, bitcoin was trading around $15. It would reach a high …read more […]
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