Markets

Ford layoffs beginning today, leading to 7,000 cuts globally

Ford announced Monday that they would be laying off about 500 white collar employees in the US, mostly in Dearborn, with more cuts globally. In the US, there will be 800 "involuntary separations", including 500 this week, according to a Ford spokesman. [Full Article...]

Seaport Global Securities Analysts Lower Earnings Estimates for Aurora Cannabis Inc (ACB)

Seaport Global Securities Analysts Lower Earnings Estimates for Aurora Cannabis Inc (ACB) Zacks Investment Research's sales averages are an average based on a survey of analysts that that provide coverage for Aurora Cannabis . Overall, Aurora Cannabis continued solid sales growth averaging 20% across all major markets, driven by successful scale-up of the company's production and continued strength across the Canadian consumer, Canadian medical, and worldwide medical cannabis m... [Full Article...]

Australia shares rise on rate cut hopes; Unemployment up

Australia shares rise on rate cut hopes; Unemployment up The Australian dollar plunged 0.2 percent to $0.6928, as it drifted almost its lowest since early January after data indicated the step of development in Australian wages came to a stop last quarter. Amid fears that the United Kingdom could see a change in leadership in July without any major Brexit progress being made, the Pound has been broadly unappealing this week. [Full Article...]

Huawei won't bow to US pressure: founder

Huawei won't bow to US pressure: founder Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week's blacklisting would have made it almost impossible for the Chinese company to service its existing customers. Huawei has been preparing for such an eventuality since at least 2018. While the battle seems to be between Huawei and the U.S., the latter who accuses Huawei of using their t... [Full Article...]

Thomas Cook shares collapses on broker warning — International Business

Thomas Cook shares collapses on broker warning — International Business The embattled travel agent's share price plummeted 32.7 per cent to new lows of 13.2p this morning after issuing another profit warning yesterday. The first-half results were accompanied by its third profit warning in less than a year, driving the shares down 17% to 18p, close to lows they traded at in 2012 when it was in financial difficulty. [Full Article...]

Metro Bank shares jump after capital increase, BoE backing

Metro Bank shares jump after capital increase, BoE backing A source close to the deal said there had been more than 770 million pounds of interest in the funding round. CEO Craig Donaldson has previously offered to resign, but this was rejected by the bank's board. The Bank of England on May 17 said it welcomed the steps taken by Metro Bank. The raise is a stark turnaround for Metro Bank, which earlier this week found itself caught up in a fake news fur... [Full Article...]

EasyJet losses deepen in first half

EasyJet losses deepen in first half The total revenue increase was attributed to a growth in capacity, which rose 14% year-on-year to 46.2 million, and a foreign exchange benefits. EasyJet's pretax loss widened from $23 million (£18 million) to $351 million (£275 million) for the six months to the end of March on the back of higher costs, including fuel-price rises and the drone incident at its key Gatwick base. [Full Article...]

Autopilot in Tesla crash

Autopilot in Tesla crash That crash was the first fatal crash of an autonomous vehicle that occurred in the United States. The Tesla Model 3 was traveling at 68 miles per hour (110 km/h) in a 55 miles per hour zone when it struck the truck's trailer and continued under it, shearing the Tesla's roof off and killing its 50 year-old driver, Jeremy Banner. [Full Article...]


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