Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was grounded in Japan while awaiting trial on charges of financial misconduct, was in Lebanon as of Monday, a person close to Ghosn told Reuters.
In a lawsuit filed in Los Angeles federal court on Monday, the companies and two app-based drivers said the law, which would make it harder for gig economy companies to qualify their workers as independent contractors rather than employees, was irrational, vague and incoherent. The office of California Attorney General Xavier Becerra said in a statement on Monday it was reviewing the complaint. The law was signed by California Governor Gavin Newsom in September and has garnered national attention, largely owing to the size of California’s workforce and the state’s leadership role in establishing policies that are frequently …read more […]
Oil prices edged lower on the final day of the year on Tuesday, but were on track for their biggest annual rise since 2016, supported by a thaw in U.S.-China trade dispute and ongoing supply cuts. Brent crude futures for March delivery, the new front month contract, were down 11 cents, or 0.2%, to 66.56 a barrel by 0158 GMT, while U.S. West Texas Intermediate (WTI) crude for February was down 11 cents, or 0.2%, at $61.57 per barrel. Brent has gained about 24% in 2019 and WTI has risen roughly 36% for the year. …read more […]
Asian shares slipped on the last trading day of the decade, echoing falls on Wall Street, as investors locked in gains made since the United States and China reached a preliminary trade deal earlier this month. Early in the Asian trading session, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.39%, its weakest performance since Dec. 4. The White House’s trade adviser on Monday said the U.S.-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Trump or the U.S. Trade Representative. …read more […]
Asian shares slipped on the last trading day of the decade, echoing falls on Wall Street, as investors locked in gains made since the United States and China reached a preliminary trade deal earlier this month.
Oil prices edged lower on the final day of the year on Tuesday, but were on track for their biggest annual rise since 2016, supported by a thaw in U.S.-China trade dispute and ongoing supply cuts.
(Bloomberg) — Thousands of people in southeast Australia sheltered on beaches or took to the water to escape wildfires threatening coastal towns as the weeks-long crisis gripping the nation escalated Tuesday.About 4,000 holiday-makers and locals gathered on the foreshore in the town of Mallacoota in Victoria state as an out-of-control bushfire bore down on the remote community. Rural towns further north in New South Wales state are ablaze or under attack from embers, as strong winds fan the flames.“We are surrounded by red sky, choking dust and choking smoke, and embers falling on the town,” resident Francesca Winterson said in …read more […]
The dollar dipped to a near three-week low against the yen in thin year-end volume on Tuesday as investors favored riskier assets, led by renewed optimism about global growth.
(Bloomberg) — The White House’s leading China hawk, trade adviser Peter Navarro, said Monday that a preliminary trade deal with Beijing is completed.“That’s a done deal, put that one in the bag,” Navarro said on Fox News. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will travel to Washington this weekend to sign the accord.Navarro’s affirmation for what the White House has called a “phase-one” trade deal indicates President Donald Trump doesn’t face pressure from his right to negotiate more favorable terms for the U.S. Navarro’s hostility …read more […]
(Bloomberg) — Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional.The lawsuit filed Monday in Los Angeles federal court is a preemptive strike against the state’s landmark measure designed to ensure gig workers receive employment protections. Uber and Postmates argue the legislative process around California’s Assembly Bill 5 unfairly targeted gig economy companies while favoring other industries and that the law will threaten workers’ flexibility.The passage of A.B. 5, which takes effect Wednesday, has set in motion a bitter dispute about the rights …read more […]
Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was awaiting trial in Japan on charges of financial misconduct, flew into Lebanon on Monday evening, several newspapers reported.
Huawei Technologies on Tuesday said its full-year revenue would likely jump 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier projections, as a U.S. trade blacklisting curbed growth and disrupted its ability to source key parts.
Ford Motor Co said on Monday reservations were full for the high-end Mustang Mach-E First Edition electric sport utility vehicle.
Thallium is believed to be operating from North Korea, Microsoft said in a blog post, and the hackers targeted government employees, think tanks, university staff members and individuals working on nuclear proliferation issues, among others. Most of the targets were based in the United States, as well as Japan and South Korea, the company said. Thallium tricked victims through a technique known as “spear phishing”, using credible-looking emails that appear legitimate at first glance. …read more […]
Andrew Bary breaks down Barron’s list of the best stocks in 2020. …read more […]
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