Markets
Luxury high-rise condos are guzzling electricity, BC Hydro report
Because the cost to power everything in the building isn't individually reflected in each unit's hydro bill, Fish says this may create a "disconnect in a condo dweller's perceived energy footprint and what they're actually using". "With sales, and construction of highrise buildings increasing, so is the amount of power being used", says BC Hydro. BC Hydro says it has seen a 22-per-cent jump in t... [Full Article...]
Key Metrics Indicate Warning Signs For Bitcoin Price
Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his " Misery Index" (BMI) recently hit its highest figure since June 2016. This means that the lower the Bitcoin Misery Index is, the better the buy opportunities are. The truth is no index or scale, no matter how sophisticated or complicated they are have been able to predict the price ... [Full Article...]
Global crude output falls in March '19
The Organization of the Petroleum Exporting Countries (OPEC) on Thursday signaled that it may raise oil output from July if supply from Venezuela and Iran drops further - and although this message was conveyed to media via sources familiar with the matter, it was enough to cause traders to send crude prices plummeting. [Full Article...]
How the major United States stock indexes fared Friday
The Nasdaq and the Dow are both about 1.5 per cent below their previous record highs. Wall Street stocks finished a middling week on a positive note on Friday (April 12), rallying behind solid earnings from JPMorgan Chase and Chevron's acquisition of Anadarko. [Full Article...]
Fisher-Price recalls millions of sleepers after more than 30 babies die
On its website, the commission said at least 30 infants had died in the sleeper model since its 2009 release. Despite its confidence toward existing product safety, Mattel agreed to a voluntary product recall encouraged by the Consumer Product Safety Commission "due to reported incidents in which the product was used contrary to the safety warnings and instructions". [Full Article...]
Metro Vancouver drivers see another painful record as gas prices jump
As a result, the carbon tax price hike adds 1.14 cents a litre increase for British Columbians when they fill up their vehicles. "It's going to be a long summer", Premier John Horgan said. However, he also suggested provincial taxes aren't the only factor affecting prices. VANCOUVER-The cost of fuel around Metro Vancouver is rising again, break previous record-high prices that were set only ... [Full Article...]
Uber IPO Might Be Greatest Public Providing In Years
Despite operating on six continents and having booked more than 10 billion trips, Uber still accounts for less than one percent of all miles driven globally. Waymo, in its lawsuit, had said one of its former engineers who became chief of Uber's self-driving vehicle project took with him thousands of confidential documents. [Full Article...]
1,100 Jet Airways pilots decide not to fly from Monday: NAG
Saddled with more than $1.2 billion of bank debt, the airline has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March. But now even that may not be enough. A Business Standard newspaper report on Sunday said Jet's lenders, led by the SBI, are considering a proposal to infuse 10 billion rupees ($145 million) t... [Full Article...]