Markets

GM layoffs expected to cut more than 4K white-collar workers

GM layoffs expected to cut more than 4K white-collar workers GM is trying to free up $6 billion a year to invest in new auto technology like electric and self-driving vehicles. Beyond the salaried workers who face job cuts, another 6,000 hourly workers at the five plants could still find their positions in jeopardy because of the restructuring. [Full Article...]

Amazon CEO Jeff Bezos' private investigators question mistress' brother over leaked texts

Amazon CEO Jeff Bezos' private investigators question mistress' brother over leaked texts The Amazon founder's personal security team are "increasingly convinced" that "political motives" were behind the embarrassing disclosure of messages to girlfriend Lauren Sanchez , according The Daily Beast . Bezos' investigator is looking at whether the National Enquirer story that laid Bezos's sexts bare was politically motivated, and how Michael Sanchez - a Twitter supporter of the presid... [Full Article...]

United Kingdom automotive investment plummets more than 45 per cent

United Kingdom automotive investment plummets more than 45 per cent It accounts for 12 percent of the total United Kingdom export of goods, according to SMMT. United Kingdom automotive investment and production plummeted in 2018, hit by fears of a no-deal Brexit . As a highly-integrated sector that has maximised the benefits of the European single market and customs union, a "no-deal" Brexit is the most significant threat to the competitiveness of the United ... [Full Article...]

India unemployment rate highest in 45 years

India unemployment rate highest in 45 years Using the now weekly status approach, India's unemployment stood at 8.9% in 2017-18, the unreleased NSSO data says. The NSC, the final adjudicating authority, had approved this report in December 2018. The government is set to step up rural welfare spending by 16 per cent for the fiscal year beginning April to 1.3 trillion rupees ($18.25 billion), two government sources said, aiming to boost s... [Full Article...]

Foxconn vows to build Wisconsin plant after talk with Trump

Foxconn vows to build Wisconsin plant after talk with Trump Rupar tweeted , "The headline of the story Trump describes as "great news" is, 'Foxconn does damage control over Wisconsin factory, ' and the article makes clear the company hasn't committed to creating a single manufacturing job in Wisconsin". [Full Article...]

Meet Tesla’s new CFO, young enough to be a youth league member

Meet Tesla’s new CFO, young enough to be a youth league member Tesla's shares fell sharply by almost 5% in after-hours trading. "We expect investors to react negatively to the replacement of Deepak Ahuja as CFO with Zach Kirkhorn , Tesla's current VP of Finance, given Mr. Tesla last disclosed in May that net Model 3 reservations - accounting for new orders and cancellations - exceeded 450,000. Musk announced a 7 percent workforce reduction earlier this ... [Full Article...]

Publix recalls deli popcorn chicken because it may contain foreign material

Publix recalls deli popcorn chicken because it may contain foreign material The product from Pilgrim's Pride, which does business as Pierce Chicken , was sold in stores between January 17 to Thursday, according to a company statement. In a statement posted on its website, Publix said the product has been removed from store shelves. Those with questions can call Publix at 1-800-242-1227. [Full Article...]

Apple reportedly testing iPhones with three rear cameras and USB-C port

Apple reportedly testing iPhones with three rear cameras and USB-C port Besides the laser-based 3D camera, Bloomberg's report does a recap of other rumored features for future iPhones - most of which we've already heard of - including a third camera, a USB-C port (instead of Lightning) and better photo capturing tools. [Full Article...]


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