Economy

Cyberattack By "Foreign Entity" Cripples Newspapers

Cyberattack By Sunday print editions were delivered in its markets across the USA but did not contain classified ads and some paid death notices, which share a common system disrupted by the malware , the Chicago-based company said Sunday. According to a report released over the summer by cyber threat intelligence company Check Point Research, Ryuk malware was first detected earlier in the year, and had hit t... [Full Article...]

Sears plans to close another 80 stores

Sears plans to close another 80 stores The bid also includes about $400 million in financing from non-bank lenders, the sources said. In bankruptcy court, Sears said it has received interest from "multiple parties", but as of yet, none has stepped forward publicly to make an offer except for the hedge fund controlled by former Sears CEO Eddie Lampert . [Full Article...]

Fake Amazon Alexa app climbs to top on Apple’s App Store, removed

Fake Amazon Alexa app climbs to top on Apple’s App Store, removed However, it seems the app is a fake that does not really help with setup of Amazon devices. Amazon apart from that started the shopping frenzy out strong with the November Cyber Monday already pegged as the company biggest shopping day in the entire history. [Full Article...]

Wall Street makes holiday rebound with its best day in 10 years

Wall Street makes holiday rebound with its best day in 10 years On Wednesday, Wall Street attempted to shake off four sessions of sharp declines as the Dow surged 5%, or more than 1,000 points, and recorded the largest daily point gain in its history. Markets have been marked by turbulence in recent weeks as the US government shutdown , higher USA interest rates and the U.S. But concerns about a slowing global economy and the protracted trade dispute with... [Full Article...]

Trump and Mnuchin- Wall Street Faces Rush

Trump and Mnuchin- Wall Street Faces Rush On concern of a weaker economic growth and Federal Reserve's much disputed rate hike, the USA stocks had dropped sharply and the S&P 500 plunge gathered pace. "We've all been doing that really quite a bit over the few weeks". The Dow Jones Industrial Average .DJI fell 653.17 points, or 2.91 percent, to 21,792.2, the S&P 500 .SPX lost 65.52 points, or 2.71 percent, to 2,351.1 and the Nasdaq Com... [Full Article...]

Sears To Close Mall Of America Store In March

Sears To Close Mall Of America Store In March Sears Chairman Eddie Lampert made a $4.6 billion offer to buy the US retailer earlier this month, which called for about 500 Sears stores to remain open. The deadline to submit bids for Sears is December 28 . It's unclear how many are employed by Sears in the Tri-Cities. Lampert poured millions of dollars through ESL into Sears, which struggled for years with losses and debt. [Full Article...]

European markets slide as global rally falters

European markets slide as global rally falters The Dow Jones Industrial Average soared on Wednesday, picking up 1,086 in the largest one-day gain ever. The Nasdaq Composite is up 2.5 percent at 6,349. The market remains on track for its worst December since 1931, during the depths of the Depression, and could finish 2018 with its biggest losses in a decade. [Full Article...]

Oil bounces after steep slide, but growth fears still weigh

Oil bounces after steep slide, but growth fears still weigh However, both crude benchmarks are still down roughly 40 percent from highs in October, pressured by concerns about oversupply and over the outlook for the global economy. Markets attempted to recover from the pre-Christmas declines seen on Monday, though thin post-holiday trading did little to aid in the recovery. One of the reasons for this oil price plunge is excessive supply from US. [Full Article...]

Mega Millions Christmas Jackpot Announced

Mega Millions Christmas Jackpot Announced The estimated cash option for the Powerball is $177.6 million. The next Mega Millions drawing will be held Friday at 11 p.m. "Lucky retailers" qualify as spots that have paid out on average $4,000 per week in winning tickets. This week's Mega Millions lottery drawing could turn out to be a major Christmas stocking stuffer. The final amount is $321 million dollars. The numbers were announced on... [Full Article...]

Is Target open on Christmas Day 2018?

Is Target open on Christmas Day 2018? Old Country Buffet: Many open 11 a.m.to 6 p.m. on Christmas Day . The fast casual restaurant will be open on Christmas Day , serving Chinese food for anyone looking to have a quick bite. It will reopen on Wednesday, December 27, but shut down again on New Year's Day . Other stores may be open. Kohl's: Kohl's is open until 6 p.m. [Full Article...]

Third Canadian reportedly detained, China says not aware

Third Canadian reportedly detained, China says not aware Treasury Secretary Steven Mnuchin talk about the ongoing tariff battle between the two countries. Until her detention, he said, she hadn't had any problems with her visa. The company took swipes at the US and its allies Tuesday during its first press event since CFO Meng Wanzhou was detained in Canada on allegations she defrauded banks to violate Iranian sanctions. [Full Article...]

Markets Right Now: Another steep drop pulls Dow down 500

Markets Right Now: Another steep drop pulls Dow down 500 The S&P 600 closed at 859.50 for a gain of 1.92 points or 0.22%. It has fallen 13.1 percent since its last record close on September 20. -Chinese trade dispute, low oil prices, a possible US government shutdown and the turmoil surrounding Britain's exit from the European Union. [Full Article...]

Royal Bank of Canada named in Facebook privacy scandal

Royal Bank of Canada named in Facebook privacy scandal Facebook argues that its partners abide by their privacy settings, and that they see the partners as an extension of Facebook - thus, the company says it is not violating a 2011 Federal Trade Commission consent decree saying that it can not share data without permission. [Full Article...]

Trump again blasts Fed for 'even considering' rate hike

Trump again blasts Fed for 'even considering' rate hike The unemployment rate is 3.7 percent, a 49-year low. US trade disputes are ongoing with China and world stock market volatility has cut investor gains in recent weeks. "We also know that moving too slowly keeping interest rates too low for too long - could risk other distortions in the form of higher inflation or destabilizing financial imbalances", Powell said November 28. [Full Article...]

Coli Outbreak In Romaine Lettuce Recalls More Produce

Coli Outbreak In Romaine Lettuce Recalls More Produce When the first E. Coli outbreak happened, romaine lettuce was removed from orders. The CFIA says there have been no reported illnesses associated with the recall, but anyone who thinks they may have purchased affected products should throw them out or return them. [Full Article...]

Montana ag leaders praise passage of Farm Bill

Montana ag leaders praise passage of Farm Bill All that's left now is for President Donald Trump to sign it. The bill also includes funding and authorization for research and authorizes crop insurance for hemp farmers. "[I am] curious to see how the progress of CBD-specific legislation is affected by this milestone". State governments may impose separate restrictions or requirements on the cultivation and the sale of hemp and hemp products. [Full Article...]

Ambassador to China John McCallum meets with detained Canadian Michael Kovrig

Ambassador to China John McCallum meets with detained Canadian Michael Kovrig Robert Long and Ada Yu hold signs in favor of Huawei CFO Meng Wanzhou outside her bail hearing at British Columbia Superior Courts in Vancouver on December 11. The United States and China have emphasized that China-U.S. trade talks are separate from the case against Meng, though President Donald Trump obliterated the distinction Tuesday, saying he'd intervene if it would help produce a trade... [Full Article...]

Oil prices surge as producers cut output

Oil prices surge as producers cut output USA oil prices have sagged since hitting a four-year high near $76 a barrel in October. "Refinery runs ticked a little lower, but still remain almost half a million barrels per day above year-ago levels". The oil producers will use October production as the benchmark level for implementing the production cuts, and review the decision in April 2019, Bloomberg reported . [Full Article...]

Google CEO Hammered by Members of Congress on China Censorship Plan

Google CEO Hammered by Members of Congress on China Censorship Plan While Republicans on the House Judiciary Committee grilled Pichai on what they perceive as bias against conservatives , top committee Democrat Jerrold Nadler said lawmakers should instead examine issues such as the spread of misinformation online and Russians' efforts to influence USA elections online. [Full Article...]

Attack on Huawei part of US bid to open second front - USA

Attack on Huawei part of US bid to open second front - USA The U.S. had requested no bail for the executive, who still faces extradition to the states. She has been accused of conspiracy to defraud banks after the company allegedly violated sanctions against Iran. Huawei CFO Meng Wanzhou was arrested in Canada last week , after the USA issued an global warrant for her arrest. She also confirmed during a news conference that her department is awa... [Full Article...]


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