Finance

Finance China-United States head for trade negotiation, signs ending trade war
Author: 0 China-United States head for trade negotiation, signs ending trade war

The U.S. team will be led by Deputy Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury undersecretary for global affairs, Bloomberg said. China also announced the suspension from January 1 to March 31, 2019, of 25 percent of the taxes applied to 144 products of the United States automotive sector and advanced new agreements in the fields of agriculture and energy.

Finance Transformer explosion at power plant turns New York skyline blue, causes outages
Author: 0 Transformer explosion at power plant turns New York skyline blue, causes outages

No injuries were reported , and by 11 pm power was partially restored at the airport . InsideEdition.com's Lisa Voyticki reports. De Blasio's spokesman Eric Phillips tweeted that "scattered" power outages were reported elsewhere. New York Governor Andrew Cuomo said crews were working to fully restore power "as soon as possible", but he did not offer a timeline. And Con Edison shed more light on the cause of the excitement.

Finance Stocks rebound after pre-holiday thumping
Author: 0 Stocks rebound after pre-holiday thumping

Nasdaq rose 5.8 percent or 361 points to 6,554. All told, the S&P 500 index rose 116.60 points, or 5 per cent, to 2,467.70. The call was a signal to the market, at least for a day, that Mnuchin perhaps knew something bad coming down the pike.

Finance Trump Implores Fed to Forego Another Interest Rate Hike
Author: 0 Trump Implores Fed to Forego Another Interest Rate Hike

The president isn't wrong about the dollar, which has made modest gains against a basket of currencies, hitting a 19-month high at close on Friday. "We believe the USA economy can sustain strong performance next year, but it can ill afford a major policy error, either from the Fed or the rest of the administration", Druckenmiller said in a December 17 op-ed published by The Wall Street Journal .

Finance Canada's dilemma over Meng Wanzhou and Huawei
Author: 0 Canada's dilemma over Meng Wanzhou and Huawei

Business activities are always affected by changes in politics and the economy, Liu Ying, a research fellow at Renmin University of China, told Global Times , adding that Canada, as a sovereign state, should not have intervened in the matters surrounding Meng.

Finance Britain's May could survive no-confidence vote by lawmakers
Author: 0 Britain's May could survive no-confidence vote by lawmakers

Legislators began casting their secret ballots in a wood-panelled room in Parliament after May's Conservative opponents, who have been circling for weeks, finally got the numbers they needed to force a vote of no confidence . May said before the vote that it was "now clear" the backstop needs to be temporary, and that she was confident she could still win approval in Parliament for her withdrawal plan with further assurances from the EU.

Finance Marlboro owner Altria makes £1.4bn bet on cannabis
Author: 0 Marlboro owner Altria makes £1.4bn bet on cannabis

Altria will also pay another $1.4 billion for warrants that if exercised, would give the Altria a 55 percent ownership stake in the Toronto company. "In Canada the focus seems to still be on capacity, but that is not what this is about", the Cronos CEO added . We want to work with local partners to create value in the supply chain.

Finance Saudi Arabia works on convincing Russian Federation to join oil cuts
Author: 0 Saudi Arabia works on convincing Russian Federation to join oil cuts

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries (OPEC). Barclays said it expected "the global economy to slow over the next several quarters" although it added that "not one major economy is near recession".

Finance Trump's advisers struggle to explain deal he says he cut with Xi
Author: 0 Trump's advisers struggle to explain deal he says he cut with Xi

After 90 days, if there's no progress on structural reform, the US will raise those tariffs to 25 percent, White House Press Secretary Sarah Huckabee Sanders said in a statement. Both countries agreed they will try to have this "transaction" completed within the next 90 days, but if this does not happen then the 10 per cent tariffs will be raised to 25 per cent, it added.

Finance Microsoft has caught up to Apple in market value
Author: 0 Microsoft has caught up to Apple in market value

Apple became the first US company to surpass a market cap of $1 trillion last August. While Microsoft dominated Apple during the 80s and 90s, Steve Jobs finally one-upped Bill Gates with the release of the iPod and then the iPhone in the mid-2000s.

Finance After Khashoggi killing, Saudi prince seeks to rebuild image overseas
Author: 0 After Khashoggi killing, Saudi prince seeks to rebuild image overseas

Moreover, Corker said that they may look at "additional legislation" targeting the crown prince, potentially even by attaching spending legislation Congress must clear by December 7. Trump shocked US lawmakers and world leaders when he vowed to maintain a partnership with Saudi Arabia, despite mounting evidence that MBS ordered the assassination of Khashoggi, a Washington Post columnist who had criticized the crown prince.

Finance GM to close plants in Canada, Ohio, Maryland and MI
Author: 0 GM to close plants in Canada, Ohio, Maryland and MI

Shares spiked on the news. Plants that will be " unallocated " in 2019 include Lordstown, as well as Detroit-Hamtramck in MI and Oshawa Assembly in Ontario, Canada. Under Unifor's four-year contract signed in 2016, GM must give the union a year's notice before closing the plant. "We think it is appropriate to do it at this time while the company is strong and the economy is strong".

Finance Coli Outbreak has Belize concerned about Lettuce
Author: 0 Coli Outbreak has Belize concerned about Lettuce

The contaminated lettuce is likely still on the market, Gottlieb told The Associated Press in a phone interview. "We did feel some pressure to draw conclusions as quickly as we could", he said. The CDC said that the strain of the current outbreak has the "same DNA fingerprint as the E. coli strain isolated from ill people in a 2017 outbreak".

Finance Businesses planning to open ahead of Black Friday
Author: 0 Businesses planning to open ahead of Black Friday

Online shopping is growing, too: Adobe Analytics, which tracks spending at 80 top online stores, said late Thursday that Thanksgiving should reach a record $3.7 billion in online retail sales, up 29 percent from the same year ago period. Chappell Otto and Chase Barnes were near the end of the line as the store prepared to open. Black Friday at giant U.S. retailer Walmart looks just as wild as ever, despite its attempts at calming the chaos.

Finance Bitcoin Cash (BCH) Price Tops $362.88 on Major Exchanges
Author: 0 Bitcoin Cash (BCH) Price Tops $362.88 on Major Exchanges

It seems the trend turned bearish for almost every cryptocurrency , except for USD Coin, QASH and Dai showing minor increase. Ethereum is another name in the cryptocurrency markets which has taken a severe hit - even resulting in the currency dropping to a low of $137, which is a drop of over 33% (a third of Ethereum's total market cap) compared to earlier this week when the ETH price stood in at $208.

Finance A Huge Build Reported In EIA Crude Oil Stocks
Author: 0 A Huge Build Reported In EIA Crude Oil Stocks

US West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. A joint effort between OPEC and Russian Federation to withhold supply from 2017 was a major contributor to crude price rises past year and in the first half of 2018.

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.

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