Business

Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw

Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw

Drivers could override the cruise control in case of a failure either by braking or switching the vehicle into neutral. Fiat Chrysler shares fell 2.2 percent Friday to $21.77 in late-day trading. But the brakes are created to overpower the engine and the vehicles could still be stopped. "When you have 88,000 recalls already this year, a lot of times people just don't pay attention to it", says Bertrand.


Hike in petrol, diesel prices continues for 11th straight day

Hike in petrol, diesel prices continues for 11th straight day

The government is involved in this whole process, including the concern (about rise in prices) and also the uncertainty", he told reporters here. There was a 19-day freeze in revising rates before Karnataka went to polls, and since the time the hiatus ended on May 14, rates have gone up by Rs 2.54 a litre in case of petrol and Rs 2.41 in diesel .


US Government Opens Criminal Probe into Bitcoin Price Manipulation

US Government Opens Criminal Probe into Bitcoin Price Manipulation

The investigation will search for evidence of spoofing and malicious market activity, that could in turn be directly influencing the state of the markets. In a similar way, Thomas Lee , co-founder of Fundstrat Global Advisors, wrote in an email to Bloomberg that these regulations are welcome news because they mean that there is 'adult supervision coming/here'.


What is the GDPR Privacy Law and Why Should You Care?

What is the GDPR Privacy Law and Why Should You Care?

Instapaper has temporarily shut down its service in Europe , having failed to get itself ready for the EU's new General Data Protection Regulation (GDPR ) rules that come into force tomorrow. It remains to be seen whether the GDPR will prompt the U.S.to take action, but the fact that major companies like Facebook and Spotify are extending their updated privacy policies to protect Americans is a step in the right direction.


The oil price is at the top of a slippery slope

The oil price is at the top of a slippery slope

Crude imports were up by 558,000 Bbls and refiners produced less distillate fuel, which includes diesel and heating oil. The EIA said United States oil inventories jumped 5.8 million barrels, versus expectations of a 2 million barrel drawdown.