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Economic boom for whom? Keiser Report examines America’s disappearing middle class

9 mins ago DieselGasoil Comments Off on Economic boom for whom? Keiser Report examines America’s disappearing middle class
The US economy is booming – but fewer and fewer are reaping the benefits. The Keiser Report crunched the numbers behind America’s dwindling middle class, and warned that the country’s young are in for a rough, debt-ridden future. As Democrats and Republicans squabble over who deserves credit for the thriving stock market, the sobering reality Read More

Facebook shocker: Unsealed docs will detail how social media giant made money off children

11 hours ago DieselGasoil Comments Off on Facebook shocker: Unsealed docs will detail how social media giant made money off children
A figurine is seen in front of the Facebook logo in this illustration taken, March 20, 2018. REUTERS/Dado Ruvic – RC155C02C7D0 Facebook will surely be bracing itself for some fresh backlash from the public next week following a number of revealing legal documents being unsealed. Those documents are expected to detail how Facebook made money Read More

Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer

1 day ago DieselGasoil Comments Off on Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer
A company logo is displayed in front of a fountain at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip KUALA LUMPUR (Reuters) – A Malaysian judge on Friday ruled in favor of Wynn Macau (1128.HK) in a case against a fund manager who owed the casino millions of dollars, the company’s lawyer Read More

Oil hasn't started a year this hot since the turn of the century

1 day ago DieselGasoil Comments Off on Oil hasn't started a year this hot since the turn of the century
By Alex Nussbaum on 1/18/2019 Photo: Prudhoe Bay. NEW YORK (Bloomberg) — Oil hasn’t started off this strong in 18 years. After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18% to start this year. That’s the biggest climb over the Read More

Industrials power Wall Street higher on trade optimism

2 days ago DieselGasoil Comments Off on Industrials power Wall Street higher on trade optimism
(Reuters) – Gains in technology and industrial stocks put Wall Street on track for their fourth week of gains on Friday, amid growing optimism that the United States and China would resolve their bitter trade dispute. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January Read More

Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.

2 days ago DieselGasoil Comments Off on Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.
HOUSTON, Jan. 18, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that it completed the sale of its equity interest in VTTI B.V. (“VTTI”) to Vitol Investment Partnership II Ltd and IFM Investors for cash proceeds of $975 million.  The proceeds from the sale will be used to pay down debt. Read More

Tesla cuts jobs as it looks to make Model 3 more affordable

2 days ago DieselGasoil Comments Off on Tesla cuts jobs as it looks to make Model 3 more affordable
(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid Read More

Tesla to cut workforce by 7 percent, sees small fourth-quarter profit

2 days ago DieselGasoil Comments Off on Tesla to cut workforce by 7 percent, sees small fourth-quarter profit
(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Read More

Hackers using fake ‘Flash Player’ Google Chrome extension to steal credit card data

2 days ago DieselGasoil Comments Off on Hackers using fake ‘Flash Player’ Google Chrome extension to steal credit card data
Cybersecurity researchers are warning unsuspecting internet users about a year-old Chrome extension which steals credit card data from infected users via web forms on visited websites. The surreptitious extension is spread by means of JavaScript injection attacks i.e. “You don’t have Flash installed, use this Chrome extension instead,” or something to that effect. When unsuspecting Read More