Trump tweeted that Google search results for ‘Trump News’ are “rigged” against him and that they show mostly “bad” stories about him.He also went ahead and referred to the stories as “Fake New Media”. Google, on the other hand, defended itself by saying that it does not have any political agenda and that its algorithm includes factors such as user experience.
The charge now stands at $30. As for second and third checked bags, the charge hikes are $5 and $50 respectively. Increasing fuel costs and slowing ancillary revenues were hurting JetBlue’s profits, thereby propelling the carrier to raise luggage fees.However, flyers with access to certain loyalty programs and/or who purchase expensive tickets can be exempt from the checked-bag charges.
Shareholders of Noble Group Ltd. approved its $3.5 billion debt restructuring plan, thereby saving the Asian commodities trader from insolvency. Agreeing to a debt-for-equity swap, Noble’s shareholders will now be left with 20% ownership in the company.According to Reuters, small shareholders were discontent with the plan as it reduced their ownership, but said they had little choice but to back the restructuring in order to ensure the company’s survival.
The U.S. and Mexico have reportedly reached an agreement to revise the 24-year old North American Free Trade Agreement (NAFTA) according to two people familiar with the matter, as reported by Bloomberg. U.S.The latest reports of the U.S. forming a bilateral pact with Mexico might potentially assuage some of the trade war intensity, but these preliminary talks still excludes Canada, which is also a party to NAFTA.
Warren Buffett wants a stake in India’s leading mobile payments company Paytm. Berkshire Hathaway could invest around 25 billion rupees ($360 million) - a deal that would potentially value Paytm at around $10 billion, a source familiar with the deal told CNNMoney on Monday.This is not the first time a U.S.-based firm is taking interest in India’s digital wallet market: last year, Google launched its mobile payment app Tez while Facebook-owned WhatsApp is reportedly exploring a similar platform. Paytm has more than 300 million users, and is milking a fast growing demand for digital payments in India.
Elon Musk does a 180-degree turn – by abandoning plans of taking Tesla private. Earlier this month, Musk’s tweet indicating that he had “secured funding” for taking Tesla private was apparently met with speculation and confusion among several people over the plan’s potential and/or impact on the company’s future.Musk is now focused on improving Model 3’s production and profitability, as mentioned in his post.  
Wells Fargo & Co. is slashing 638 jobs in its mortgage department. The largest lender in the U.S. is responding to “market conditions and consumer needs”, as mentioned by its spokesman Tom Goyda.It is laying off employees in California, Florida, North Carolina and Colorado.
Papa John’s International Inc. is reportedly seeking services of Bank of America Corp. and Lazard Ltd. to salvage its business – as hinted by a Reuters report which cited unnamed sources. The pizza chain has had been mired in controversy (and uncertainty) following its founder John Schnatter’s resignation as chairman over the use of a racial slur.But the Reuters report mentioning the company’s possible talks with the major financial advisers, and takeover interest among some private equity firms seem to be boosting its share prices recently.
For additional luggage, customers will have to pay additional fees. According to the budget airline's revised rules, customers can pay £6 ($7.70) for priority boarding, which would also allow them to bring a 10 kilogram (22 pounds) bag into the cabin.Ryanair has said that the changes are meant to reduce delays.
Waymo, the self-driving car technology division of Alphabet, has registered a company in Shanghai called Huimo Business Consulting, according to a business registration filing.The Chinese subsidiary has 3.5 million yuan ($508,000) in capital and mentions Waymo as an investor. This means that Waymo might potentially come into direct competition with China’s domestic companies Baidu, Didi Chuxing, Alibaba and Tencent who are also working on developing their own autonomous technology for vehicles.
Sears Holdings Corporation announced that it wants to shut down another 46 stores. Having already closed more than 100 stores so far this year, the retailer is still reeling from burgeoning losses – something that’s led it towards planning the additional closures.Liquidation sales at some of the stores might start on August 30.
That marks a surge of +25% from the year-ago period, with more than half of the growth attributed to the tax cuts implemented under U.S. President Donald Trump’s administration.In the preceding quarter, banks made $56 billion in profit. The industry group American Bankers Association said that the “"real driver of earnings" was increased lending, while also acknowledging the role of lower taxes, deregulation and firming macroeconomic fundamentals.
According to the  Zion Market Research, global driverless cars market was estimated at around $5.36B in 2017 and is expected to reach $26.58B by 2024, growing at a CAGR of 25.7% between 2018 and 2024.NVIDIA utilize graphics processors to analyze the pictures and data captured by onboard sensors and cameras, allowing it to recognize and react to everything that's happening around it.
General Mills Inc. will drop the “100% Natural” tag from its Nature Valley bars, thanks to a lawsuit. Consumer groups alleged that laboratory testing had revealed traces of the pesticide glyphosate (commonly known as RoundUp) in the bars.However, the company didn’t admit or deny any wrongdoing. Earlier this month, Monsanto Co. - the maker of RoundUp - lost a case in a San Francisco court against a man who claimed that exposure to the chemical had caused his non-Hodgkin’s lymphoma.
For the first time, Goldman Sachs will start retail banking services outside of the U.S. Its online retail arm Marcus will offer savings accounts to U.K. customers, as announced in an internal memo to the bank’s employees on Thursday. By the end of 2017, Marcus had $17.1 billion in deposits and more than 350,000 customers. 
Facebook announced Wednesday that it has suspended over 400 apps and banned one over concerns about how user data is handled and used by these platforms. Although the tech firm did not find definitive proof of data breach/misuse, it is apparently more vigilant than ever over what it feels are potential red flags.David Stillwell, one of the creators of the app, criticized the ban as "nonsensical and purely for PR reasons.
The retail company raised its projection for the rest of the year as well. Its digital presence, too, had a strong following among customers: online sales increased 41% last quarter compared to the year-ago period.Last year, the company bought delivery service firm Shipt to boost same-day delivery speeds. Expanding its offerings on clothing, electronics and kids’ toys might also have helped Target garner more customers and sales.
In the three months ending June, Alibaba Group Holding Ltd.’s revenues surged +61% - the fastest pace in  more than four years. The Chinese e-commerce giant’s revenues for the quarter was 80.9 billion yuan ($11.8 billion) which matched analyst estimates.Its net income – though dropped by -41% – still managed to come in at 8.7 billion yuan, topping estimates.  Buying a department store chain with 29 stores and 17 shopping malls last year, expanding Hema supermarket chain, increasing investments on data-centers for its cloud computing business,  acquiring food delivery network Ele.me and video streaming site Youku  – Alibaba’s  aggressive investment/expansion strategies seem to be boosting revenues, while a part of it might be hurting margins. 
The American Gaming Association released an annual report on the commercial casino industry State of the States: The AGA Survey of the Commercial Casino Industry. The annual report gives an analysis of the commercial casino industry and the economic influence it has in the 24 U.S. states with commercial gaming operations. According to the report, gross gaming revenue in the United States increased 3.4% to $40.28B last year. The state with the largest growth in revenue in 2017 was Maryland (+34.2% Y/Y) followed by New York (+16%), Oklahoma (+10%), Kansas (+7%) and Massachusetts (+6.3%).In Nevada commercial casino revenue also rose 2.8%. The most significant drop in revenue in 2017 reported in West Virginia (–4.6%) due to competition from neighboring states. According to AGA report: "Commercial casino operators were not the only beneficiaries of industry growth.
How to choose the best used-car dealer selling used cars online, travel sites, food delivery, home goods?As of August 21st, 2018 the largest holdings are Carvana (6.84%), ETSY (4.56%), Wayfair (4.53%), IAC Interactive (4.28%), etc.
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