Economy

Federal Reserve, Powell big economy threat

Federal Reserve, Powell big economy threat Policy makers debated at last month's meeting how restrictive policy would need to be in the future with "a few" participants arguing that additional rate hikes may be necessary "for a time", while others would need to see clear signs of the economy overheating before taking further action. [Full Article...]

Surprise! Tesla's Model 3 now has a mid-range battery option

Surprise! Tesla's Model 3 now has a mid-range battery option After 200,000 units, Tesla must phase out the tax credit. And while Tesla said last week that only cars ordered by October 15 would be guaranteed delivery before the end of 2018, when the available federal tax credit for their purchase drops from $7,500 to $3,750, the Model 3 ordering website says that deliveries of the mid-range versions are possible within six to 10 weeks, which would get so... [Full Article...]

Mega Millions, Powerball jackpots reach almost $1 billion combined

Mega Millions, Powerball jackpots reach almost $1 billion combined Powerball and Mega Millions are the two games with the largest payouts offered by the N.C. Education Lottery, and both are sold in many other states. Our biggest ever win was $44m on a ticket purchased in Dairy Flat , north of Auckland, in 2016. The Mega Millions jackpot is displayed as a customer leaves the Corner Market, on Wed., Oct. [Full Article...]

No Mega Millions Winner, Jackpot Now $868 Million

No Mega Millions Winner, Jackpot Now $868 Million Even before it rose, the Mega Millions jackpot - at a whopping $654 million when the day began - was still among the largest lottery prizes in USA history. But only recently has the game been shelling out massive jackpots. The last Powerball jackpot, which totaled $245.6 million, was won August 11 by a man in Staten Island, New York. [Full Article...]

Trump blames 'rogue killers' over Khashoggi

Trump blames 'rogue killers' over Khashoggi On Monday, the Saudi government permitted Turkish officials to inspect the consulate nearly two weeks after Khashoggi first went missing. Turkish authorities say a team of Saudis killed Khashoggi, and USA intelligence intercepts show Saudi officials discussing an operation to lure Khashoggi - a Saudi citizen who had been living in the United States - back to Saudi Arabia from his home in Vir... [Full Article...]

Sears may be days away from bankruptcy

Sears may be days away from bankruptcy Eddie Lampert resigned as CEO but will remain as chairman, Sears said. Buckling under pressure, the bankruptcy announcement comes ahead of a $134 million (£102 million) debt repayment due at the start of this week. The struggling retailer has been losing market share for years, but its Kmart and Sears chains still generate about $14 billion in annual sales. In the fiscal second quarter ended Au... [Full Article...]

From Musk To Murdoch At Tesla?

From Musk To Murdoch At Tesla? US District Judge Alison Nathan ordered the brief to show the settlement was "fair and reasonable", which is a common practice in the court. The stock has sold off more recently in no small part thanks to Musk's tweets in August about taking the company private. [Full Article...]

Facebook Says Millions Of Names, Search History, Location Data Stolen

Facebook Says Millions Of Names, Search History, Location Data Stolen In a statement , Facebook said that hackers accessed the name, contact details and other information of the accounts of 14 million people . Over the coming days, Facebook will begin alerting people whose information was exposed, which will let them know whether they were part of the 14 million or 15 million group. [Full Article...]

Global markets slide as Trump blames the Fed

Global markets slide as Trump blames the Fed The broad selloff took the S&P 500 to the lowest in three months, the Dow Jones Industrial Average plunged as much as 836 points and the Nasdaq 100 Index tumbled more than 4 percent for its worst day in seven years. The Bank of England governor cited Powell's support for reform of Libor (London interbank offered rate), after a rate rigging scandal, as an example of the Fed chief's grasp of issue... [Full Article...]

Turkish court convicts US pastor of terror yet frees him

Turkish court convicts US pastor of terror yet frees him He was officially sentenced to three years and one month in prison, but was released because he had already served two years in detention. Brunson also allegedly had information about a possible coup attempt before July 2016 as one of his text phone messages to a U.S. [Full Article...]

European Union officials warned to prepare for no-deal Brexit

European Union officials warned to prepare for no-deal Brexit And she said it was crucial arrangements for the Irish border did not undermine "peace and prosperity" in Northern Ireland . "But that's not a question for us, we're not members of the Conservative Party". The Irish government wants a 'backstop' which would effectively keep the north within the single market and prevent customs checks at the border in the event of a no deal Brexit. [Full Article...]

China’s Exports, Imports Grow, as Does Trade Surplus With US

China’s Exports, Imports Grow, as Does Trade Surplus With US For January-September, China's trade surplus with the United States was $225.79 billion, compared with about $196.01 billion in the same period past year. While the data showed China's trade remained strong for the month, analysts forecast the trade war will start to hurt in coming months. China then hit back with tariffs on about $60-billion of USA imports. [Full Article...]

U.S. working with Turkey, Saudi Arabia on journalist probe: Donald Trump

U.S. working with Turkey, Saudi Arabia on journalist probe: Donald Trump Anonymous Turkish officials have describing the incident as a "premeditated murder", saying the journalist was killed inside the consulate and that his dismembered body was subsequently moved out of the building. Khashoggi had been living in self-imposed exile in the US since a year ago. He said his aides have been in contact with Khashoggi's fiancee, Hatice Cengiz , and hope to set up a meet... [Full Article...]

Imf Warns Of 'somewhat' Greater Global Financial Risk

Imf Warns Of 'somewhat' Greater Global Financial Risk The IMF announced it had reduced its outlook on the global economy to a 3.7% growth rate for this year and next, down 0.2% from what it had originally predicted in July. "But even across emerging markets, we see a lot of differentiation". She said this requires an assessment of both sovereign and state enterprise debt to actually determine the debt sustainability of a country as financing prog... [Full Article...]

Unemployment Rate Falls To 49-Year Low Of 3.7 Percent

Unemployment Rate Falls To 49-Year Low Of 3.7 Percent One of the main factors in the dip in the vacancies was likely to be Hurricane Florence , which struck North and SC at the beginning of September, closing thousands of businesses. That category saw an 18 200 decrease in payrolls, according to the report . Andrew Chamberlain, chief economist at the career site Glassdoor, views the development "as the strongest labour market in a generation". [Full Article...]

USMCA Wins Praise as a Victory for American Industries and Workers

USMCA Wins Praise as a Victory for American Industries and Workers America's dairy farmers will have new export opportunities to sell dairy products into Canada . The effects of the new trade agreement won't be felt until at least next year. "If we give away part of the dairy market at every new trade agreement, will it even be a viable market?" On the matter of Section 232 tariffs, Trump's trade weapon of choice, United States officials told a late-nig... [Full Article...]

China used tiny chips on US computers to steal secrets

China used tiny chips on US computers to steal secrets U.S. officials long have anxious about the potential for altered microchips or other components to be secretly inserted into products and shipped to the United States and elsewhere, opening doors to long-term spying on computer users and their information networks. [Full Article...]

India Introduces Fuel Relief On Rising Prices At The Pump

India Introduces Fuel Relief On Rising Prices At The Pump This is the second time in one year that the Centre has cut excise duty on petrol and diesel as rising prices pinch the common man. In September, the chief minister had announced a Rs 2 cut on petrol and diesel prices while the country was seeing daily increase in prices. [Full Article...]

Revised NAFTA deal has new name: USMCA

Revised NAFTA deal has new name: USMCA Morneau said in his earlier speech that Canada is looking to create tourism, education and financial-service opportunities with countries such as China as it works to expand its oil and gas industry to foreign markets with the building of the Trans Mountain pipeline. [Full Article...]

Amazon boosts minimum wage in United States and UK

Amazon boosts minimum wage in United States and UK Doug Gurr, Amazon vice-president and UK Country Manager, said: "We're excited to announce we are raising our minimum wage for employees from November 1". "The current rate of $7.25 was set almost a decade ago", Jay Carney , senior vice president of Amazon Global Corporate Affairs and former Barack Obama press secretary, also said in the post. [Full Article...]


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