Tag: Possible_Terrorism_Warfare

Uber reports Q2 losses of $404 million, up 32 percent from Q1

While Uber isn’t required to disclose its financial results, Uber has done so for the past few quarters as it gears up to go public next year. In Q2 2018, Uber’s net revenue was up 8 percent quarter-over-quarter, at $2.7 billion. Year-over-year, that’s a 51 percent increase. Uber recorded gross bookings — the total taken… Continue reading Uber reports Q2 losses of $404 million, up 32 percent from Q1

These companies might close, lay off US workers because of Trump’s trade war

Many companies are holding out hope that the trade negotiations end quickly but have warned that job cuts and price increases could be imminent. BMW and General Motors sent their warnings in writing to the Department of Commerce. “This is hurting the economy but so far it’s manageable,” says Mark Zandi, chief economist of Moody’s… Continue reading These companies might close, lay off US workers because of
Trump’s trade war

UPDATE 1-GM seeks to exclude China-made Buick SUV from tariff

(Reuters) – General Motors Co (GM.N) is seeking an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility, the automaker said on Thursday, in a move to prevent the key model in the brand’s U.S. lineup from becoming a victim of the U.S.-China trade war. FILE PHOTO: General Motors Co.… Continue reading UPDATE 1-GM seeks to exclude China-made Buick SUV from tariff

Tesla is adding Atari games to the in-car display with next software update

Tesla’s 9.0 vehicle software update will include several playable Atari games as new Easter eggs, according to CEO Elon Musk. He said that the update should be released in “about four weeks.” In a follow-up tweet, Musk said that he’s hoping to include Pole Position, Tempest, and Missile Command “in this release,” which obviously opens… Continue reading Tesla is adding Atari games to the in-car display with next software update

Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla

BYE, BYE AUTONOMOUS SEMI. Just under two years ago, Uber bought Otto, a startup focused on developing self-driving trucks. Now, Uber is bidding adieu to its plans for autonomous shipping, at least for the time being. On Monday, the company revealed in a statement that it’s closing its self-driving truck division. Uber’s self-driving trucks were seen on… Continue reading Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla

Wednesday was a bad day for Detroit’s automakers

Steel and aluminum prices have risen since the Trump administration imposed tariffs on the two key raw materials for the car manufacturing, steel and aluminum. Those costs could run even higher as President Donald Trump ratchets up his global trade war. Trump said Wednesday that he was working with European Commission President Jean-Claude Juncker toward… Continue reading Wednesday was a bad day for Detroit’s automakers

European stocks close lower on earnings; Heineken shares drop more than 6%

The pan-European Stoxx 600 closed provisionally 0.3 percent lower with most sectors in the red. Basic resources stocks were under pressure as trade concerns lingered. Europe’s tech sector was also on the back foot, down 1.62 percent amid concerns big technology companies are struggling to deliver on earnings. Enterprise software firm Sage was the biggest… Continue reading European stocks close lower on earnings; Heineken shares
drop more than 6%

As Hyundai struggles, its labor union shows signs of softening

SEOUL (Reuters) – When workers at South Korea’s Hyundai Motor (005380.KS) went on strike last year, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in nearly a decade. FILE PHOTO: A worker works at an assembly line before unionised workers attend a strike at a main factory of… Continue reading As Hyundai struggles, its labor union shows signs of softening