Finance

Finance 2018 midterm elections: Major ballot measures that passed
Author: 0 2018 midterm elections: Major ballot measures that passed

Approval of Proposal 1 comes ten years after MI voters approved medical marijuana. In Utah and Missouri , voters on Tuesday decided that patients should have access to medical marijuana. "The president doesn't have an ideology beyond self-preservation and getting re-elected, and if the math makes sense, he may drop strong hints on the campaign trail that the legalization of recreational cannabis at the federal level will happen if he wins in 2020", Malik said in an email to BNN ...

Finance Wall Street gains wiped out by fears of trade war
Author: 0 Wall Street gains wiped out by fears of trade war

The study notes , "despite the fact that more than 70% of USA companies consider the suspension of investment in China and moving some or all production overseas, only half of Chinese companies support this approach", reports UKRINFORM.

Finance IBM to Acquire Red Hat in Huge Tech Deal
Author: 0 IBM to Acquire Red Hat in Huge Tech Deal

Cloud computing giants such as Amazon Web Services Inc. and Microsoft have stolen a march on traditional makers of hardware and software such as IBM and Hewlett Packard Enterprise Co.by providing computing, storage, networking and applications - often from open source - as an online service.

Finance Markets Right Now: US stock indexes surge a day after a rout
Author: 0 Markets Right Now: US stock indexes surge a day after a rout

Results from S&P 500 companies have pushed up third-quarter profit growth estimates to 23.6 percent from 21.8 percent in the last 10 days. It follows another poor lead from Wall Street overnight where the Dow Jones lost more than 600 points and the Nasdaq fell 4.4 per cent.

Finance Move Over America: China's Billionaires Are Taking Over
Author: 0 Move Over America: China's Billionaires Are Taking Over

According to the report , there were just 16 billionaires in China 12 years ago - that number has since grown more than 2,200 percent to 373, with the country now accounting for nearly 20 percent of the world's billionaires. The report said billionaires have a "transformative" effect on the world, having driven 80 per cent of the 40 main breakthrough innovations in the last 40 years.

Finance SLO lottery ticket gets 5 of 6 numbers in jackpot drawing
Author: 0 SLO lottery ticket gets 5 of 6 numbers in jackpot drawing

At the other end of the Valley, someone bought a Mega Millions ticket at a Chandler convenience store for Tuesday's enormous drawing and won $1 million. "He'd be good for the business", he said. The jackpot was just shy of the $1.586 billion Powerball jackpot prize shared by winners in California, Florida and Tennessee in January 2016.

Finance Mega Millions: 1 In 302M Chance Of Becoming A Billionaire Tonight
Author: 0 Mega Millions: 1 In 302M Chance Of Becoming A Billionaire Tonight

A Floresville resident claimed a little over $5 million from a Mega Millions ticket purchased at a San Antonio corner store. But by Tuesday night's drawing , officials estimate that 75 percent will be sold. The victor of the Mega Millions $1.6 billion jackpot should get some good financial advice and keep in mind to sign the ticket, game director Gordon Medenica told NBC's "Today ".

Author: 0 Think Tank: India Can Do Without Iranian Oil Imports

The kingdom, which produces more than a tenth of global supplies, had vowed on Monday not to withhold its output as a political weapon amid the worldwide backlash over the murder of journalist Jamal Khashoggi . USA light crude dropped $3.03, or 4.4 percent, to $66.33 a barrel, after earlier hitting a two-month low at $65.74. The minister reiterated that the market is unable to find a replacement for Iran's oil, urging Trump to abandon his plan to impose sanctions on the country.

Finance Italian finance minister Giovanni Tria faces European Union scrutiny on budget
Author: 0 Italian finance minister Giovanni Tria faces European Union scrutiny on budget

The fiscal plan has spooked European financial markets. Speaking to reporters in Rome , EU budget chief Pierre Moscovici said the EU Commission and many other EU nations are anxious by Italy's spending plans, which will see the country's budget deficit rise to 2.4 percent of GDP, three times higher than agreed upon by the previous government.

Finance Mega Millions, Powerball jackpots reach almost $1 billion combined
Author: 0 Mega Millions, Powerball jackpots reach almost $1 billion combined

Lottery officials say the ticket was sold at the Minit Mart #664 on Leestown Road. However, its second-biggest one of all time for $656 million happened in 2012 before the tweak. Powerball is now at an estimated $430 million and Hoosier Lotto is an estimated $18.8 million. "Florida Lottery players will never be required to transfer funds to secure their winnings for Mega Millions or any other Florida Lottery game", the Florida Lottery said in a news release.

Finance Netflix stock soars on stellar Q3 report
Author: 0 Netflix stock soars on stellar Q3 report

In all, Netflix added nearly 2 million more subscribers than the 5.09 million Wall Street expected. Netflix held its quarterly earnings report earlier this week, recording a record high number of subscribers, which assuredly made investors happy.

Finance What You Need to Know About Sears Bankruptcy Filing
Author: 0 What You Need to Know About Sears Bankruptcy Filing

Sears Holding Corp . said it is closing unprofitable stores to lower the company's costs and increase cash flow. Sears is just one of many retail stores unable to stay afloat . As of May, it had fewer than 900 stores, down from about 1,000 at the end of past year. Launched as a mail order company in 1892, Sears eventually grew to more than 3,500 stores nationwide.

Finance Saudis snub threats over writer's disappearance as stocks tank after Trump comments
Author: 0 Saudis snub threats over writer's disappearance as stocks tank after Trump comments

Khashoggi has written extensively for the Post about Saudi Arabia, criticizing its war in Yemen, its recent diplomatic spat with Canada and its arrest of women's rights activists after the lifting of a ban on women driving. Trump has praised the Saudi regime for cracking down on opponents and his son-in-law, Jared Kushner, has personal ties to crown prince Mohammed bin Salman .

Finance When Hurricane Michael will bring rain to Richmond
Author: 0 When Hurricane Michael will bring rain to Richmond

A hurricane warning has been issued for the Cuban province of Pinar del Rio and tropical storm warnings are in effect for the Cuban province of Isle of Youth and the Mexican coast from Tulum to Cabo Catoche. Another national, Neil Fung, said the storm looks like " a major one". Officials also alerted residents living on the coast of the possibility of flooding caused by the storm.

Finance Petrol, Diesel cheaper by Rs 5 from midnight
Author: 0 Petrol, Diesel cheaper by Rs 5 from midnight

The Gujarat Chief Minister tweeted that it has matched the central government's reduction, and that petrol and diesel are now cheaper by Rs 5 per litre. 2.50 per litre on the prices of petrol & diesel", said CM Yogi Adityanath. The Uttar Pradesh government also reduced the price. The Government will request state governments to cut down, he said.

Finance Trump, China trade war: tariffs imposed, talks break down, no end soon
Author: 0 Trump, China trade war: tariffs imposed, talks break down, no end soon

President Donald Trump's latest round of tariffs on roughly $200 billion worth of Chinese goods kicked in on Monday, bringing the total amount of Chinese goods faced with tariffs up to approximately $250 billion. Germany has outpaced the United States as the top exporter of vehicles to the Chinese market, Beijing's Commerce Ministry said, citing current Sino-American trade tensions as the major reason for the decline in the USA share.

Finance Amazon to launch 3,000 cashierless stores by 2021
Author: 0 Amazon to launch 3,000 cashierless stores by 2021

The tech giant already has four locations of its Go stores up and running, but it may have up to 10 locations open by the end of the year, with as many as 50 by 2019, Bloomberg reported , citing sources close to the situation. The most recent Amazon Go stores are more like the first in terms of size and offerings. The new chain would be a massive expansion of Amazon's retail efforts, which also include Whole Foods as well as bookstores and in-mall kiosks.

Finance Coke eying cannabis-infused drink market
Author: 0 Coke eying cannabis-infused drink market

To expand the range of products the company intends adding to the beverage substance contained in marijuana - cannabidiol (CBD). Coca-Cola's potential foray into marijuana beverages follows a two investments by Constellation Brands , the conglomerate behind drinks like Corona and Svedka, totaling more than $4 billion, into Canopy Growth, the largest publicly traded marijuana firm.

Finance Was Obama worse to the press than Trump?
Author: 0 Was Obama worse to the press than Trump?

Gross domestic product increased at a 4.2 annualized rate in the second quarter of 2018, and the unemployment rate was 3.9 percent in April, 3.8 percent in May and 4.0 percent in June. President Donald Trump spent the morning bragging about the economy . Kevin Hassett , chairman of the Council of Economic Advisers, on Monday told reporters that President Donald Trump tweeted an incorrect claim about the economy.

Finance Tired Boy Donald Trump Says Obama’s Speech Put Him to Sleep
Author: 0 Tired Boy Donald Trump Says Obama’s Speech Put Him to Sleep

Obama tore into Trump and the GOP during the speech, criticizing Trump for "capitalizing on resentment" politicians have capitalized on. Shortly after Obama's remarks concluded, President Trump took the stage at a campaign event in North Dakota, where he reacted to Obama jumping back into politics.

Finance NAFTA talks make progress; U.S., Canadian officials to work into night
Author: 0 NAFTA talks make progress; U.S., Canadian officials to work into night

NAFTA's Chapter 19 allows companies who feel wronged by anti-dumping, or countervailing duties, to have their issues settled by independent panels of experts from the countries caught in the dispute. But it makes up a small amount of all the goods traded between the two countries. "Analysts say that could be very bad for the USA auto industry, which makes cars and sources parts across all three countries".

Finance Donald Trump attacks union leader on Labor Day
Author: 0 Donald Trump attacks union leader on Labor Day

But under US trade rules, the USA team doesn't have to make public the text of the revamped agreement for 30 additional days, buying more time to reach a deal with the Canadians. One tweet laid out the main problem with Trump's pretending to be pro-labor. "We're anxious to move forward with it and anxious to have all three countries involved, because NAFTA has had a devastating effect on the working people of this country for the last 25 years", he said.

Finance China raises fears of 'new colonialism' with $60 billion investment across Africa
Author: 0 China raises fears of 'new colonialism' with $60 billion investment across Africa

He said the $60 billion commitment from Xi would boost Africa's goals for industrial development, infrastructure development, human resources development, health care, the green economy as well as peace and stability. Chinese companies will be encouraged to invest no less than £7.7 billion ($10 billion) in the continent in the next three years, he said. When FOCAC last met in 2015, African leaders and those in China set a goal to double trade to $400 billion by 2020.

Finance Donald Trump Cancels Pay Raises For Federal Employees
Author: 0 Donald Trump Cancels Pay Raises For Federal Employees

However, in the budget plan he released earlier this year, setting spending priorities for the coming year, Trump indicated he would seek a freeze on federal pay. "These numbers are very, very sustainable - this isn't a one-time shot", he said last month after figures showed the United States economy grew at a 4.1% annual rate in the second quarter of the year.

Finance Donald Trump announces new trade deal with Mexico
Author: 0 Donald Trump announces new trade deal with Mexico

Those are the words of Mexico's Economy Minister Ildefonso Guajardo last week as he summarized the progress of talks to renegotiate the North American Free Trade Agreement , according to The Wall Street Journal . U.S., Mexican and Canadian stocks opened higher on Monday on optimism about a trade deal. In the meantime, the White House will begin negotiating with Canada to either add their country to the trade agreement with Mexico or strike a separate deal.

Finance US Fed to continue gradual rate hikes to manage potential risks
Author: 0 US Fed to continue gradual rate hikes to manage potential risks

After all, the Fed's decisions on monetary policy ... The rate hikes are meant to prevent the economy from overheating and inflation from accelerating. "What I do see here is an affirmation of the Powell Doctrine: We've got a framework of the way the world works, we have these estimates, but they are subject to imprecision", said Michael Gapen, chief USA economist at Barclays PLC in NY.

Finance Turkey and France agree to work together against U.S. economic moves
Author: 0 Turkey and France agree to work together against U.S. economic moves

ANKARA , TURKEY-A detained American pastor has become a symbol of a growing rift between Turkey and the United States , but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties.

Finance Erdogan, Macron vow to boost economic ties - Turkish presidential source
Author: 0 Erdogan, Macron vow to boost economic ties - Turkish presidential source

Erdogan has repeatedly told Turks to exchange gold and hard currency into lira , saying the country was involved in an economic war with enemies and a presidential official gave a similar message on Thursday. "The president has a great deal of frustration on the fact that Pastor Brunson has not been released as well as the fact that other US citizens and employees of diplomatic facilities have not been released", Sanders said at a White House briefing Tuesday.

Finance Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again
Author: 0 Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

The Russian foreign minister claims that the USA increased use of sanctions will erode the dollar's role as the top reserve currency . "His rhetoric reflects a desire to support Turkish electronics businesses like Vestel". "If the United States has the iPhone, there's Samsung on the other side", Erdogan said, referring to the top South Korean smartphone maker. "The global financial system is so interconnected that we tend to think of them as a group and financials come under ...

Finance Turkey's Erdogan stands by opposition to high interest rates
Author: 0 Turkey's Erdogan stands by opposition to high interest rates

While some are anxious that making an enemy out of Turkey will only result in grave consequences, others seem to have no qualms about walking away from America's alliance with the nation. also the manufacturers" duty". Turkey remains at loggerheads with the USA over the detention of American pastor Andrew Brunson and a host of other issues.

Finance Turkey turmoil rattles Wall Street, banks take a knock
Author: 0 Turkey turmoil rattles Wall Street, banks take a knock

On Wall Street, the benchmark S&P 500 index rose modestly and remained less than half a percentage point from breaching an all-time high that was set in January. SPX was up 3.00 points, or 0.10 percent, at 2,860.70 and the Nasdaq Composite . IXIC was up 24.70 points, or 0.31 percent, at 7,913.03. Eight of the 11 major S&P sectors were higher.

Finance Harley-Davidson Bombshell Includes Adventure Bike
Author: 0 Harley-Davidson Bombshell Includes Adventure Bike

Harley-Davidson estimates this segment accounts for sales of 273,000 in 2017 model sales in Europe, none of which now bear the bar and shield . Earlier this year, it was believed that Harley-Davidson's first electric motorcycle, the LiveWire , would hit dealerships before the year's end .

Finance McDonald's Introduces a Big Mac-Based 'Currency'
Author: 0 McDonald's Introduces a Big Mac-Based 'Currency'

Starting August 2, customers will receive a cool limited-edition collectible metal coin with the purchase of every Big Mac while supplies last. And that seems to be the case with the McDonald's Big Mac. "When my great-grandfather Jim Delligatti invented the Big Mac at his grill in Uniontown, Pennsylvania, he just wanted to make his local customers happy", said Nick Delligatti, fourth-generation McDonald's owner-operator and great-grandson of Jim Delligatti, the inventor of the Big Mac.

Finance Trump and European Union officials strike 'zero tariff' deal to avert trade war
Author: 0 Trump and European Union officials strike 'zero tariff' deal to avert trade war

Bob Corker (R-Tenn.) told The Washington Post . "Hopefully soon this ill-thought-out policy will end". "What farmers in Iowa and throughout rural America need in the long term are markets and opportunity, not government handouts". The Senate has several key races in agriculture-dependent states like Missouri, North Dakota, and in this November. While the U.S.'s tariffs on imports from China, the EU, Canada and Mexico have been relatively blunt, those levied in retaliation have been ...

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