News bulletin 2023/01/01 11:36
News bulletin 2023/01/01 11:36
News bulletin 2023/01/01 11:36
(Bloomberg) -- Caterpillar Inc. shares are heading for the biggest drop in four months as investor worries mounted on warnings of weaker China demand and rising costs for the maker of iconic yellow bulldozers.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsBrexit Is Costing the UK £100 Billion a Year in Lost OutputPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesWall
(Bloomberg) -- The biggest gold acquisition in nearly a year is a step closer to reality after investors backed the $4.8 billion takeover of Yamana Gold Inc.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsBrexit Is Costing the UK £100 Billion a Year in Lost OutputPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesWall Street Is Losing Out to Amateur Buyers in the Housi
The strategists pointed out that electric-vehicle demand is greater than supply, making for odd timing for such dramatic price cuts.
British billionaire entrepreneur Richard Branson, who was inspired to start an airline with a single Boeing 747 after getting stuck on a delayed flight, paid tribute to the Queen of the Skies on Tuesday as Boeing delivered its final jumbo jet. "It gave America and Boeing the leadership role in aviation," said Branson, the son of a flight attendant who founded Virgin Atlantic in 1984 after cold-calling Boeing as a successful record publisher to ask about a second-hand 747. The first aircraft, named Maiden Voyager, became part of a fleet of 30 Boeing 747s that challenged British Airways and U.S. carriers for a slice of the lucrative transatlantic market.
MEXICO CITY (AP) — Fifteen grade school students in Mexico have been treated after apparently taking part in an internet “challenge” in which groups of students take tranquilizers to see who can stay awake the longest. The incident occurred Monday in the north-central city of Guanajuato. It came just days after health authorities issued a national alert about the craze. It was the fourth school in Mexico to suffer such incidents in the last year. Guanajuato Mayor Alejandro Navarro said the stude
The CEO of the video app is preparing to address Washington's concerns over data privacy and security as the US gets more hawkish on China.
(Bloomberg) -- A courtroom loss by Johnson & Johnson is threatening a legal maneuver developed by a handful of the most profitable companies in the world to fight lawsuits.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsBrexit Is Costing the UK £100 Billion a Year in Lost OutputPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesWall Street Is Losing Out to Amateur Buye
PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown. The payments firm also joins Big Tech firms and Wall Street titans, which are executing layoffs across corporate America as companies look to rein in costs to ride out the downturn. PayPal's move to keep a tight lid on costs comes against the backdrop of decades-high inflation hitting the purchasing power of consumers who also have to contend with the threat of a looming recession.
VANCOUVER — General Motors Co. has signed a deal to invest US$650 million in Vancouver-based Lithium Americas Corp., the latest move by an automaker to secure raw materials for their push into electric vehicles. The deal, which GM said Tuesday is the largest investment yet by an automaker to produce mineral supplies, will give it access to production from the mining company's Thacker Pass lithium project in Nevada that could produce enough lithium for a million EVs a year. Automakers have been s
"Unfortunately, [at that point] you're back into a world where both bonds and stocks would go down together," JPMorgan's Mike Bell told Bloomberg TV.
Tesla CEO Elon Musk's distraction with Twitter and COVID demand risks in China seem loaded into the share price, Berenberg analyst Adrian Yanoshik said.
Electric carmaker Tesla Inc is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. Ramirez said that Tesla could put a plant at an industrial park in development about 3 kilometers (2 miles) from the Felipe Angeles International Airport (AIFA), a new hub opened by President Andres Manuel Lopez Obrador last year. "Tesla is looking at investing in that area to take advantage of AIFA," Ramirez told Reuters late on Monday, noting the site could serve as a base for the firm to export by air.
The fourth week of the first-degree murder trial of William Sandeson started with some dramatic testimony from a witness who said he saw a man with a bullet hole in his head slumped over in Sandeson's apartment on the evening of Aug. 15, 2015. Sandeson is accused of killing Taylor Samson, 22, in a drug deal at Sandeson's apartment in south-end Halifax on the evening of Aug. 15, 2015. Sandeson was 23 at the time. Justin Blades testified in Nova Scotia Supreme Court on Monday that he was at a frie
Former U.S. Senator David Durenberger, a Minnesota Republican who espoused a progressive brand of politics and criticized the GOP after his political career, died Tuesday at age 88. Durenberger’s health had declined in recent months, his longtime spokesperson Tom Horner said. Horner told The Associated Press that Durenberger died Tuesday morning of natural causes. He was at his St. Paul home surrounded by family. Durenberger, an attorney and former captain in the U.S. Army Reserve, won a U.S. Se
There were 191 people on board.
BALTIMORE (AP) — Greeted by the cheerful blare of a train horn, President Joe Biden stood Monday before a decrepit rail tunnel that he estimated he's been through 1,000 times — fearing for decades it might collapse. “For years, people talked about fixing this tunnel,” Biden told a crowd in Baltimore. “Back in the early '80's, I actually walked into the tunnel with some of the construction workers. ... This is a 150-year-old tunnel. You wonder how in the hell it's still standing." “With the bipar
A long-term care home in Cape Breton is admitting residents with challenging behaviours, such as aggression, who would otherwise have to take up space in a hospital bed. It's part of a provincially funded three-year pilot program through the Department of Seniors and Long Term Care being carried out at the Harbourstone Enhanced Care Facility in Sydney, N.S. Harbourstone is having great success using wearable technology and trained staff to track residents and direct them toward positive activiti
A Nova Scotia woman wants to warn others of the danger signs after her two dogs had to be put down after they ingested a toxic substance. Sonia German's dogs were put down due to kidney failure. The Greenwood resident owned a five-year old Alaskan malamute and a two-year-old Shiba Inu. On Dec. 30, her home security camera captured a theft outside the house, someone spray painting graffiti on her garage door and also slashing her car tires. German let her dogs out into the backyard at about the s
SANTIAGO (Reuters) -German Chancellor Olaf Scholz lobbied this week for South America to prioritize cooperating with Germany in its commodities sector as Berlin joins the race for critical minerals, with lithium key for its auto industry. Europe's largest economy has fallen behind in the race for critical minerals, in part due to a distaste for the dirty business of mining as well as faith in the open market, German government officials say.
PARIS (AP) — France has acquired a stunning Impressionist masterpiece for its national collection of art treasures, with a donation from luxury goods giant LVMH paying the 43 million euros (nearly $47 million) for "Boating Party” by 19th-century French artist Gustave Caillebotte. The oil on canvas shows an oarsman in a top hat rowing his skiff on languid waters. The work, remarkable in its realism, delicate colors and almost cinematic perspective, as though the artist was in the boat with the ro