Markets

Video shows Tesla Model S burst into flames in Shanghai parking garage

Video shows Tesla Model S burst into flames in Shanghai parking garage

The video, which has not been verified by the BBC, showed a stationary auto erupting into flames in a parking lot. Import tariffs resulting from the trade war with the United States have seen Tesla prices in China fluctuate wildly. The user tweeted "Good or bad, negative or positive I will post anything about Tesla or EVs in China". Some users urged the automaker to quickly find the cause, whereas others speculated over the impact to the value of Tesla cars now on the road. Read More

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Church at the Cross' Egg Hunt Under The Lights

Church at the Cross' Egg Hunt Under The Lights

Action Riders of Franklin County will host an Easter celebration that includes an egg hunt and bicycle giveaway this Saturday, April 20 . The day begins with Breakfast with the Easter Bunny. Organizers say it's all about making sure the kids have an opportunity to play. It's a popular alternative to the classic Easter egg hunt. There will be an outdoor egg hunt with a difference, walking tours and lots of free family fun. Read More

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Apple or Netflix? Who has the better streaming service?

Apple or Netflix? Who has the better streaming service?

Wall Street sent shares of the streaming titan down 1 percent in late trading as the company estimated second-quarter paid subscriber adds of 5 million, down 8 percent over past year. Despite the revenue growth, Netflix's stock initially fell almost 4 percent in after hours trading Tuesday, due mainly to a lower than expected earnings per share (EPS) prediction for Q2. Read More

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McConnell won't say if Senate would back Herman Cain for Fed

McConnell won't say if Senate would back Herman Cain for Fed

Trump had reiterated his support for Cain as late as Wednesday night, he said. Of Cain, he added: "My concerns stem, as we talked about earlier, from the initial sexual harassment allegations, which are hard to explain". GOP leaders, including Republican Whip John Thune, have said they don't expect Democratic defections. Moore , asked about the criticisms leveled against Cain and himself for being political, said "I'm a policy guy and he's a businessman, and I think most Americans like ... Read More

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Uber officially files paperwork for IPO, ending months of speculation

Uber officially files paperwork for IPO, ending months of speculation

The U.S. ride-hailing giant filed with an initial offering amount of $1 billion, typically a placeholder amount used to calculate fees that will change. Uber released its initial public offering Thursday ahead of a public listing that experts say could set records. Uber said it plans to give bonuses to qualified drivers and is setting aside an undisclosed portion of its stock for drivers to buy. Read More

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Google Wing launches first commercial drone delivery service

Google Wing launches first commercial drone delivery service

Australia is getting a taste of commercial drone delivery service by Google's parent company, Alphabet. FAA acting administrator Dan Elwell said Wing had already conducted successful trials of its delivery service in Virginia. In response, Wing said it had developed a quieter drone. Wing adds on its website that the drones have been created to produce significantly less Carbon dioxide than a truck making equivalent deliveries whilst ensuring they operate quietly to minimise ... Read More

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Brexit talks between Labour and Tories will continue on Tuesday

Brexit talks between Labour and Tories will continue on Tuesday

The draft did stress the EU was ready to upgrade the political declaration setting out the blueprint of the new EU-UK deal after Brexit should London so wish. Discussions with Jeremy Corbyn do not appear to be making any progress with minister Dr Liam Fox warning Mrs May that the customs union with the EU Labour is demanding would be the "worst of both worlds" and EU leaders are growing exhausted of repeated extension requests. Read More

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Facebook user records exposed on Amazon cloud servers

Facebook user records exposed on Amazon cloud servers

Researchers from UpGuard have found that troves of Facebook user information have been inadvertently posted publicly on Amazon cloud servers, which was shared by Facebook to its third-party partners. While the datasets came from third parties, the discovery will still shine a light on how Facebook allows these firms to access user data and the way it is stored. Read More

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Congress to sue to block Trump border wall funding action

Congress to sue to block Trump border wall funding action

If that doesn't work, we'll close the border", he told reporters in the Cabinet Room, during a meeting of the White House Opportunity and Revitalization Council. "We'll tariff their cars". Mexican exporters are looking into sending their goods to the United States by air freight to avoid a five-mile-long line of trucks at the border caused by the Trump administration moving federal agents away from customs checks to immigration duties. Read More

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Erdogan loses key cities as Turkey feels the sting of recession

Erdogan loses key cities as Turkey feels the sting of recession

Turkey's President Tayyip Erdogan said that his AK Party had lost some cities in Sunday's mayoral elections, and pledged that his government would now focus on implementing strong economic plans. Ekrem Imamoglu, the candidate from an alliance led by the secular Republican People's Party, thanked all Istanbul voters on Monday. Rallying his base among more religiously conservative Turks, Erdogan had presented his opponents as enemies of the state, tarnishing them as tied to Kurdish ... Read More

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Lyft Prices Shares At $72, Gets Valued At $24 Billion Before IPO

Lyft Prices Shares At $72, Gets Valued At $24 Billion Before IPO

During its IPO road show, Lyft said it was targeting a valuation ranging from $20 billion and $25 billion. At the mid-point of its new target range, US$71 per share, Lyft would raise roughly US$2.1 billion for its Nasdaq listing. JPMorgan Chase & Co. led the offering with Credit Suisse Group AG and Jefferies Financial Group Inc. And it's not just tech companies. It's concentrated on being a stable transportation-focused company and hasn't experienced the same amount of turmoil as Uber, ... Read More

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Facebook finally ends daylong outage, blames server change

Facebook finally ends daylong outage, blames server change

Some of Facebook , Instagram and WhatsApp's more than 2 billion users were unable to access the online services from Wednesday until Thursday afternoon as the social network and its sister apps suffered a prolonged outage . Facebook said it was working to resolve the issue but didn't announce the fix until Thursday. Thousands of users took to Twitter over the past day to complain about the outage, causing the hashtag #facebookdown to trend. Read More

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Pakistan to release captured Indian pilot in 'peace gesture'

Pakistan to release captured Indian pilot in 'peace gesture'

This news brought a wave relief to Indians as everyone wanted their nation's hero back. In a video message on Wednesday, Imran Khan, Pakistan's prime minister, called for "dialogue" to ease tensions between the countries. The closure of Pakistan's airspace has disrupted not just the country's own air transport but also flights worldwide as airlines were forced to cancel or reroute flights to other destinations that pass over Pakistan. Read More

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Victoria's Secret store closures planned in Canada, U.S.

Victoria's Secret store closures planned in Canada, U.S.

The lingerie icon's parent company, L Brands, announced a 7% drop in sales over their last quarter and 40% in the previous year - although the company's flagship brand, Bath and Body Works, continued to do well. "We have not met our own expectations for overall performance, and we are intently focused on improving results", Burgdoerfer said. The impending closings are far more than the 15 stores the brand closes on average every year. Read More

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Australia plays down reports of Chinese coal ban

Australia plays down reports of Chinese coal ban

The benchmark 10-year US Treasury yield fell sharply to an 11-day low on Tuesday ahead of the Fed meeting minutes, which are due later on Wednesday, further dampening demand for the dollar. He said Beijing was applying its rules equally to all countries and wasn't discriminating against Australia. "The immediate step was to find out from China what is happening. Read More

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Consumer Reports Doesn't Recommend Tesla's Model 3 Anymore

Consumer Reports Doesn't Recommend Tesla's Model 3 Anymore

The latest vehicle to lose that CR designation: the Model 3 , which, despite getting a big thumbs-up from consumers in terms of owner satisfaction, and from CR in its road tests, fared poorly in the group's annual reliability survey. The website also reports another new feature for Tesla - Sentry Mode. "We take feedback from our customers very seriously and quickly implement improvements any time we hear about issues". Read More

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United Kingdom concludes it can mitigate risk from Huawei equipment use in 5G

United Kingdom concludes it can mitigate risk from Huawei equipment use in 5G

The conclusion, which contradicts USA claims about "risks" posed by Huawei equipment, has been reached by Britain's National Cyber Security Centre (NCSC), according to the sources cited by FT. The federal government is weighing Huawei's possible participation in 5G wireless systems that will allow Canadians to do more on cellphones and other internet-connected devices at vastly greater speeds. Read More

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No, Amazon probably isn't walking away from NYC, and here's why

No, Amazon probably isn't walking away from NYC, and here's why

Amazon may be second-guessing its plan to build a new campus in New York City . Congresswoman Alexandria Ocasio-Cortez seemed elated by the news story. "We were invited to come to NY, and we want to invest in a community that wants us", Huseman said during his testimony. The company's brass had to endure a series of hearings in the City Council in recent weeks, in which politicians blasted Amazon's record on labor issues and its refusal to accede to a unionization drive at its Staten ... Read More

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