What’s your favorite ABBA song? ‘Mamma Mia!’ cast share their picks

LONDON (Reuters) – From the upbeat “Waterloo” to the lesser known “When I Kissed The Teacher”, the “Mamma Mia! Here We Go Again” cast belt out an array of ABBA songs in the highly anticipated film, which comes out this week. FILE PHOTO: Cher attends the world premiere of Mamma Mia! Here We Go Again at the Apollo in Hammersmith, London, Britain, July 16, 2018. REUTERS/Hannah McKay/File PhotoBut which tune is their favorite? At the movie’s world premiere, Reuters asked the cast and crew of the new film, the sequel…

24% of Tesla Model 3 orders have been canceled, analyst says

Analysis: Why it’s time for Tesla to grow up Tesla is finally making enough cars — it just can’t sell enough of them. Cancellations for Model 3 orders have picked up in recent weeks. Refunds now outpace deposits for Tesla’s new mass-market electric car, according to Needham & Co. analyst Rajvindra Gill. In an analyst note delivered to clients Thursday, Gill cited extended wait times for the car, the expiration of a $7,500 tax credit, and the fact that Tesla has not yet made the $35,000 base model of the…

How the NBA Finals and rainy baseball hurt eBay

PayPal: We’re not leaving eBay Kevin Durant, Steph Curry and the rest of the dominant Golden State Warriors team caused a problem for eBay. A stormy start to the baseball season didn’t help either. Ebay owns ticket seller StubHub, and lackluster sales to sporting events and concerts dragged down the company’s second quarter earnings, CEO Devin Wenig said on a call with analysts Wednesday evening. He called it a « tough landscape » for sports. Among the bigger problems: Many early season baseball games rained out, leading to what Wenig…

Dollar hits year high; stocks, copper pull back

NEW YORK (Reuters) – The U.S. dollar hit a year high on Thursday against a basket of major currencies, but copper prices tumbled and major world stock markets pulled back amid concerns over China’s economy and continued global trade tensions. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File PhotoWall Street’s main equity indexes fell as investors also responded to a raft of corporate earnings and news the European Union may retaliate if United States slaps tariffs on EU cars. Chinese policymakers…

Comcast concedes to Disney in bidding war for Fox assets

(Reuters) – Comcast Corp (CMCSA.O) dropped its $66-billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets on Thursday and said it would press on with its bid for European broadcaster Sky Plc (SKYB.L), which Fox partly owns. FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike BlakeComcast’s withdrawal is a concession to Walt Disney Co (DIS.N), which last month sweetened its offer for the Fox assets to $71.3 billion. It de-escalates one of the media industry’s most high-profile…

Here’s why millions of people trust this testing company when it comes to TVs

A few years ago, curved televisions were all the rage. Then 4K became the talk of the town. This year, it’s high-dynamic range (HDR) TVs at a price point buyers can finally afford. To the average consumer, all these changes are hard to keep up with. Enter Consumer Reports, the Yonkers, New York-based testing company that reviews everything from cars to vacuums to blenders. Each year, it tests more than 200 televisions in addition to the thousands of others products and services it reviews. First, Consumer Reports uses secret shoppers…

Setback for Trump: Saudi Arabia won’t export much more oil this month, official says

Saudi Arabia’s representative to OPEC on Thursday said the kingdom’s oil exports will be little changed this month, a blow to President Donald Trump, who is depending on his allies in Riyadh to put more barrels on the market to tame fuel prices. July exports from OPEC’s top producer will be roughly in line with last month’s total, the Dow Jones reported, citing Saudi OPEC governor Adeeb Al Aama. Meanwhile, Saudi crude oil exports are poised to drop by 100,000 bpd in August compared with July. Al Aama said Saudi…

Here are the top five moments from Elon Musk’s battle with the press

Elon Musk’s feud against the media has escalated over the past few months. “Essentially the issue for Tesla believers, the investors, was that this was illustrating a leader that was thin-skinned and short-tempered,” Loup Ventures founder Gene Munster told “Squawk Box” on Wednesday. “And that really isn’t the reality of who Elon Musk was.” The Tesla founder is increasingly becoming more combative on Twitter, and the media has become a frequent target. That’s worrying some investors, especially as Tesla races to reach aggressive production goals for its all-important Model 3…

Google may put its Fuchsia OS on smart home devices within three years

Google’s Project Fuchsia OS has been shrouded in mystery for the past few years. It was discovered almost two years ago when the company began quietly posting code to its GitHub repository and expanded with an actual “Armadillo” system UI last year, but there’s been little to no information about what Google intends to do with Fuchsia. According to a new report from Bloomberg, the Fuchsia team’s goal is nothing less than creating a single, unifying operating system that could run on all of Google’s devices: replacing Android, Chrome OS,…

Automakers push back on EU tariff plan, saying there’s no evidence imports affect national security

Auto executives pushed back Thursday on the Trump administration’s proposal to dramatically raise tariffs on auto imports from the EU. Industry executives, testifying at the first of a two-day hearing being held by the U.S. Commerce Department, warned against the tariffs. They said new tariffs would hurt U.S. jobs, raise prices for consumers and invite the European Union to retaliate with import taxes of its own. We are the leading export sector in the U.S. economy, » said former Missouri State Gov. Matt Blunt, who is currently president of the…

Google Maps expands motorcycle mode to Singapore, Thailand, Vietnam, and other Asian markets

This week, Google Maps unveiled a new motorcycle mode in several Asian markets where two-wheelers are a very popular form of transportation. The new routing mode accounts for travel times on typical motorbike and scooter speeds, offers driving directions for narrow paths and shortcuts that a full-sized car can’t access, and avoids toll roads where they’re not allowed to enter. The mode launched first in India last December, a country that recently overtook China as the world’s biggest two-wheeler market. Unlike a typical driving direction that tells you to turn…

Shares of eBay drop 9 percent after weak growth, lowered revenue forecast

Shares of eBay fell 9 percent in trading Thursday after the company reported sluggish growth in its marketplace business and lowered its revenue forecast for the the rest of the year. The online marketplace reported second-quarter earnings of 53 cents per share, while revenue came in at $10 billion. While the earnings were 2 cents per share above what analysts surveyed by Thomson Reuters anticipated, eBay’s revenue came in $50 million short of expectations. In addition, eBay adjusted its full year revenue forecast, lowering its estimate to a range of…

Trump says EU’s $5 billion fine on Google is proof the US is being taken advantage of

President Donald Trump said Thursday that the European Union’s antitrust ruling against Google is proof that it is taking « advantage of the U.S. » @realDonaldTrump: I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google. They truly have taken advantage of the U.S., but not for long! On Wednesday, the EU hit Google with a $5 billion fine, alleging the company had violated antitrust laws by bundling its apps like Chrome and Google Play with its Android operating…

Comcast drops its $65 billion bid for 21st Century Fox

Disney wins antitrust approval for Fox takeover Disney has won the war for 21st Century Fox. Comcast announced Thursday that it will drop its pursuit of the 21st Century Fox assets that it was fighting over with Disney. Comcast had bid $65 billion for Fox’s movie studio, which is responsible for franchises like « Avatar » and « X-Men, » along with Fox’s regional sports networks and cable channels like FX and National Geographic. Disney’s most recent bid was $71 billion. The battle with Disney isn’t completely over: Comcast said…

Trump tried to protect Qualcomm. Now his trade war may be hurting it.

Steve Mollenkopf, the chief executive of Qualcomm, has been waiting for a phone call with news from China. It has been a long wait. His company, which makes chips that help mobile phones communicate, has been on extended hold while the Chinese authorities review a deal that Qualcomm struck 20 months ago to buy another chip maker, NXP Semiconductors. Mr. Mollenkopf said Qualcomm had done all it could to persuade Beijing to approve the $44 billion transaction, which the companies have said will be terminated next Wednesday without regulatory consent.…

Singer Tom Jones, 78, cancels UK shows due to bacterial infection

LONDON (Reuters) – Welsh singer Tom Jones, 78, has been taken to hospital with a bacterial infection, forcing him to cancel shows in Britain. FILE PHOTO: Singer Tom Jones performs on stage during the Bambi 2017 Awards ceremony in Berlin, Germany November 16, 2017. REUTERS/Axel SchmidtREUTERS/File PhotoJones, whose hits include “It’s Not Unusual” and “Delilah”, apologized to fans on his Twitter feed. FILE PHOTO: Singer Tom Jones arrives for the British Academy of Film and Arts (BAFTA) awards ceremony at the Royal Opera House in London, February 12, 2012. REUTERS/Luke…

Comcast drops pursuit for Fox assets

(Reuters) – Comcast Corp (CMCSA.O) has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc (FOXA.O) on which it was bidding against Walt Disney (DIS.N), and instead will focus on its offer for UK TV group Sky (SKYB.L), the company said on Thursday. FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake“Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and instead will focus on our…

U.S. weekly jobless claims drop to more than 48-and-a-half-year low

(Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ended July 14, the lowest reading since early December 1969, the Labor Department said on Thursday. Claims data for the prior week was revised to…

How to land a great job when you are over 50

After spending the past seven years in accounts payable at a flooring installation company, Veronica Simmons, age 54 and living in San Diego, is looking for a new administrative position. As right hand to the chief operations officer, there’s no possibility for further promotion. She says she’s solved the company’s major problems and is looking for a new challenge. But, she said, « there is that demon in my head telling me you’re too old. » So she sought the services of a professional who helped her build a résumé…

Larry Page is quietly amassing a ‘flying car’ empire

One flying car seems absurd; Larry Page has three. He started with Cora, a two-seater flying taxi, then added a sporty flying boat called Flyer, both developed by a company called Kitty Hawk. And last week, The Verge discovered a third: Opener, which just came out of stealth mode. There was no mention of the Google co-founder in the startup’s announcement, but when confronted with evidence of Page’s involvement, Opener quickly issued a press release admitting it. Flying cars (more formally known as eVTOLs — for electric vertical takeoff and…

The Vivo Nex’s notch-killing tradeoffs are worth it

How much do you really hate the notch? Companies like Oppo and Vivo, who are devoting serious engineering resources to find creative solutions to avoid 2018’s most conspicuous design trend, are hoping that the answer is “a lot.” The Oppo Find X and Vivo Nex both use complex moving parts to hide and reveal components like selfie cameras and face scanners that would otherwise have to be housed in a notch in an “all-screen” phone. I was in Shanghai and Shenzhen a few weeks ago, and one thing that struck…

Europe’s giant Google fine is too little, too late

Google was hit with a $5 billion fine from the European Commission over Android app bundling yesterday. While the fine is the biggest the EU has ever levied against a single company, it’s the changes to Android that Google now has to make that are far more significant. But they’re probably too little, too late. Google will now be forced to unbundle its Chrome browser and Google Search apps from Android; meaning that phone makers won’t have to ship Android phones with these apps pre-installed. Additionally, phone makers will be…

Comcast drops pursuit of its bid for 21st Century Fox assets

Comcast said Thursday it would not pursue its bid to buy assets of Twenty-First Century Fox, choosing to focus on its offer for Britain’s Sky. Shares of Comcast jumped 2.2 percent in premarket trading, while shares of Fox fell 1 percent. This story is developing. Please check back for updates. Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com. Here is the statement: Comcast Corporation (Nasdaq: CMCSA) today issued the following statement regarding its pursuit of the assets Twenty-First Century Fox has agreed to sell to…

The oil market is becoming increasingly dangerous, analysts say — and crude prices are feeling the pressure

The oil market is likely to become progressively more unpredictable over the coming months, analysts have told CNBC, in the latest sign dynamics shaping crude futures have dramatically shifted since the crude rally began. International benchmark Brent crude has tumbled nearly 9 percent from last week’s high of more than $79 a barrel. It’s most recent dip comes amid emerging evidence of higher crude production from OPEC kingpin Saudi Arabia and other members of the Middle East-dominated cartel — as well as Russia and the U.S. “Political and economic events…

Facebook data center in Oregon to be supported by renewable energy

Facebook’s Prineville Data Center in Oregon is to be supported by 100 percent solar power under a new partnership with Pacific Power. The collaboration will see the new solar developments have a combined capacity of 437 megawatts (MW), including two projects amounting to 100 MW in the Prineville area, Pacific Power said in a statement Wednesday. Prineville is home to Facebook’s first custom-built data center, which opened in 2011. “Our work with Pacific Power to develop new solar resources represents a significant milestone for our hyper-efficient Prineville Data Center,” Peter…

Norsk Hydro subsidiary signs world’s ‘longest’ corporate wind power contract

Hydro Energi AS, a wholly-owned subsidiary of Norwegian aluminium business Norsk Hydro, has signed a long-term wind power contract with the Green Investment Group. The 29-year deal is thought to be the longest corporate wind power contract in the world, Norsk Hydro said in a statement Thursday. It will contribute to supplying Hydro’s aluminium plants in Norway. The agreement will secure an annual baseload supply of 0.3 terawatt hours (TWh) for between 2021 and 2031 and 0.55 TWh between 2031 and 2050. A wind farm in Sweden will also be…

Six questions you were afraid to ask about Google’s EU antitrust case

Google has been hit with a massive $5 billion fine by the EU this week for Android antitrust violations, with the European Commission claiming that Google has been taking advantage of Android to impose its own services — Google Search, Chrome, and the Play Store — upon consumers and device makers. It’s a confusing case, so I’ve taken a few minutes to try to break things down here and answer some of the bigger questions about what’s going on. It might stir memories of Microsoft’s ugly antitrust battle with the…

A staunch bitcoin bear says this recent surge might have legs

Bitcoin is showing signs of life after fluctuating between plunging, sliding and going nowhere fast for months on end. After breaking above $7,000 per coin on Tuesday to its highest level since early June, foreign exchange strategist and longtime bitcoin bear Boris Schlossberg of BK Asset Management said this week’s move could point to further gains. Here’s what he told CNBC’s “Trading Nation” on Wednesday about the flagship cryptocurrency. • After consolidating for months around the $6,000 level, bitcoin had a burst of activity over the past few days, rising…

Moon landing drama ‘First Man’ to open Venice Film Festival

MILAN (Reuters) – Space drama “First Man”, which looks at the mission of U.S. astronaut Neil Armstrong to become the first man to walk on the moon, will open this year’s Venice Film Festival, organizers said on Thursday. FILE PHOTO: 89th Academy Awards – Oscars Backstage – Hollywood, California, U.S. – 26/02/17 – Damien Chazelle poses with his Oscar for Best Director for the film « La La Land ». REUTERS/Lucas Jackson/File PhotoOscar-winning director Damien Chazelle will once again kick off the 11 days of red carpet premieres and parties…

It’s a big earnings day. Here are 5 things to know before the bell

Click chart for in-depth premarket data. 1. Big day for earnings: Dozens of big-name companies are reporting quarterly results on Thursday. Blackstone (BX), BNYMelon (BK), Domino’s Pizza (DPZ), Philip Morris International (PM), Scholastic Corp (SCHL) and Union Pacific (UNP) are a handful of the key firms releasing earnings before the open Thursday. Then Microsoft (MSFT), Capitol One (COF), E*Trade (ETFC) and Skechers (SKX) will follow after the close. Unilever (UL) reported its second quarter earnings, but shares were steady in London. 2. Strong dollar, weak pound: The US dollar is…