• Here's Why You Shouldn't Invest in the Lyft IPO
Here's Why You Shouldn't Invest in the Lyft IPO

However, financial tycoon Warren Buffett won't be investing in Lyft IPO . The company's appeal to investors hinged on the potential for ride-hailing to replace vehicle ownership. The company's USA market share has expanded from 22 percent in 2016 to 39 percent previous year as Uber slogged through revelations about rampant internal sexual haras...

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  • China's Huawei posts higher profit as smartphone sales hit record
China's Huawei posts higher profit as smartphone sales hit record

Huawei will continue to strengthen operational compliance, ensure business continuity and sustainability, and cultivate an open ecosystem where all players collaborate and prosper together, Guo added. Huawei is reporting a 28% increase of net profits at $8.8 billion for 2018 versus only a 0.4% increase in 2017 over 2016s profits. "[Our] work has c...

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  • WOW Airlines Cancels All Flights, Strands Passengers At Logan Airport
WOW Airlines Cancels All Flights, Strands Passengers At Logan Airport

A travel alert published on Wow Air's website said that the airline is ceasing all operations and cancelling future flights as efforts to raise more money failed. Here, travelers wait in line at Iceland's worldwide airport Thursday. WOW air was the creation of Icelandic businessman Skuli Mogensen. She adds, "The most shocking aspect of...

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  • Crude oil starts week lower, continuing pause after 2019 high
Crude oil starts week lower, continuing pause after 2019 high

Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and US sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009. International Brent crude oil futures were at $67.63 a barrel at 0045 GMT, down 20 cents, or 0.3 per cent, from their last clos...

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  • McDonald's buys AI startup to customize its drive-through windows
McDonald's buys AI startup to customize its drive-through windows

McDonald's is investing in AI technology to encourage customers to order more. McDonald's is the world's largest fast-food chain, with almost 38,000 locations in more than 100 countries. Once the order is placed, the display would also recommend additional items based on the customer's preferences. Liad Agmon , co-founder and CEO of Dynamic Yi...

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  • Jet Airways chairman Goyal steps down, banks take control
Jet Airways chairman Goyal steps down, banks take control

Saving Jet is crucial for Indian Prime Minister Narendra Modi as he looks to avoid thousands of job losses ahead of a general election. The decision paves the way for lenders, led by the State Bank of India (SBI), to invoke some of Goyal's shareholding and rescue the airline on an immediate basis.

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  • Fed rate hike, rate cut both 'on the table': Bostic
Fed rate hike, rate cut both 'on the table': Bostic

The president was harshly critical of the Fed's rate hikes last year and has continued to criticize actions by Fed Chairman Jerome Powell even after the central bank this week announced it expected no rate hikes this year. But he added, "over time obviously we want to reduce that balance sheet and not have these massive amounts of debt". Trum...

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  • Powerball numbers drawn for estimated $625M jackpot
Powerball numbers drawn for estimated $625M jackpot

He hit the $298.3 million jackpot on December 26. It is the seventh largest jackpot in USA lottery history. The record $1.586 billion prize was won in 2016 across three states: California , Florida and Tennessee. · There were 251,760 tickets sold that won at least $4 in the drawing. Sign your ticket and check it as soon as possible to avoid ...

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  • Facebook found millions of passwords stored in plain-text in internal investigation
Facebook found millions of passwords stored in plain-text in internal investigation

Facebook will, in due course, notify any users that have been affected by this security issue. In line with best security practices, Facebook said that in general it masks people's passwords when they create an account so that no one at the company can see them.

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  • Opec stresses need for 2019 oil supply cuts
Opec stresses need for 2019 oil supply cuts

The power crisis in the South American country that disrupted crude exports this week could return or worsen, threatening 1.2 million barrels per day (bpd) of oil supplies, or more than one-percent of global output. The report states that daily USA export capacity during the period in question will pass Russia's and get close to Saudi Arabi...

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  • Tesla Unveils Model Y
Tesla Unveils Model Y

In terms of performance , the flagship Model Y boasts a range of 280 miles (450 km), a top speed of 150 mph (241 km/h) and a 0-60 mph time of 3.5 seconds. The Model Y will also feature a panoramic glass roof, although it will not have the gullwing doors that were previously seen on the Model X . Still, Musk said the Model Y could outsell th...

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  • Facebook, Instagram accounts working after historic outage
Facebook, Instagram accounts working after historic outage

As I was aimlessly flicking through the account's stream of well-worn gifs hastily plucked from Twitter's selection -Titanic, Frasier, Bill & Ted, all the classics - I felt a pang of envy that my social media habit of choice hadn't. " Facebook isn't opening again on a web browser". That second tweet was posted around 3 p.m. ET. "Our systems p...

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  • Nissan's luxury brand Infiniti leaves Britain
Nissan's luxury brand Infiniti leaves Britain

Infiniti said this decision was part of a restructuring plan that allows it to focus purely on its most active markets - namely, North America and China. Infiniti intends on electrifying its portfolio by 2021, which might not be fast enough for Europe's liking. Infiniti has struggled to effectively meet emissions and other regulatory requirem...

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  • Tesla Decides To Keep Stores Open But At A Cost To Consumers
Tesla Decides To Keep Stores Open But At A Cost To Consumers

It has decided after that evaluation that it will keep "significantly more" stores open than it had planned. Potential buyers can still test drive cars at the stores, which will "carry a small number of cars in inventory for customers who wish to drive away with a Tesla immediately".

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  • New Tesla Superchargers Promise 50 Percent Faster Charging
New Tesla Superchargers Promise 50 Percent Faster Charging

Part of this is down to ensuring the battery is at an optimal temperature for charging and to help this Tesla is introducing a new feature called On-Route Battery Warmup. "Supercharger stations with V3's new power electronics are created to enable any owner to charge at the full power their battery can take - no more splitting power with a vehicl...

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  • China to slash taxes, boost lending to shore up slowing economy
China to slash taxes, boost lending to shore up slowing economy

Fiscal policy will be "proactive", while monetary policy will remain "prudent", Li said, outlining cuts to the reserve ratios at medium and small banks to unleash more funds into the economy. China's top economic official announced a robust annual growth target and a 7.5% rise in military spending on Tuesday at a legislative session overshadowed by...

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  • Ocasio-Cortez Riles Up Twitter With 'Racist Tropes' Talk Amid Omar Controversy
Ocasio-Cortez Riles Up Twitter With 'Racist Tropes' Talk Amid Omar Controversy

The complaint listed several examples of campaign services provided by the company, including door-knocking and canvassing operations, as well as running events for the benefit of certain candidates. He helped found both Brand New Congress PAC and Justice Democrats, with the goal of bringing new and progressive members like Ocasio-Cortez, a self-...

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  • Man linked to murdered Sydney dentist dead
Man linked to murdered Sydney dentist dead

Police suspect that the dentist, Preethi Reddy , was murdered by her ex-boyfriend who could not cope with the prospect of her breaking up with him. Her last image was recorded at a McDonald's outlet on George Street in Sydney's Central Business District around 2.15 a.m.

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  • China blocks some Canada canola shipments, Ottawa expresses concern
China blocks some Canada canola shipments, Ottawa expresses concern

Chinese telecoms giant Huawei Technologies is suing the US Government over the "unconstitutional" ban of its products, ratcheting up its fight against a government bent on closing it out of global markets. In the press conference, Guo defended the company's record on national security, reiterating that Huawei was a world leader in telecommunicati...

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  • May's hopes rise as senior Tory MPs soften stand on Brexit deal
May's hopes rise as senior Tory MPs soften stand on Brexit deal

Britain is due to leave the bloc on March 29. Parliament rejected May's deal in January, largely because of concerns about the so-called backstop, which is created to prevent the need for physical border checks along the Irish border if negotiators fail to agree on a free-trade deal.

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