Money

Money Ford recalls over 953000 vehicles to replace inflators
Author: 0 Ford recalls over 953000 vehicles to replace inflators

Recalled models include the 2010 Ford Edge, the 2010-11 Ford Ranger, the 2010-12 Ford Fusion, and the 2010-14 Ford Mustang are included. Of those numbers, around 780,000 affected vehicles are in the United States, making this one of the largest recalls by an automaker in American history.

Money Infiniti QX Inspiration previews is upcoming Tesla-fighting electrical SUV
Author: 0 Infiniti QX Inspiration previews is upcoming Tesla-fighting electrical SUV

First teased in December, the Infiniti QX Inspiration concept is a design study vehicle meant to represent the future of the Japanese automaker's design, specifically with regard to high-performance electric vehicles (EVs). Infiniti was light on details about the QX Inspiration , vaguely noting the cabin is "hand-crafted using traditional techniques and a choice of materials inspired by a subtle Japanese sensuality".

Money Gatwick and Heathrow invest millions in military-grade anti-drone equipment
Author: 0 Gatwick and Heathrow invest millions in military-grade anti-drone equipment

Between December 19 and 21 the airport was repeatedly forced to close due to reported drone sightings. The U.K.'s aviation minister said that the culprits could face up to five years behind bars if caught and convicted. Police have not yet found the drone and do not know its model, he said. Neither airport would comment on the specific technology they are investing in.

Money Profit college cancels $500M in student debt
Author: 0 Profit college cancels $500M in student debt

Career Education Corporation will send letters to qualifying former students at their last known address with information about the relief within 60 days. CEC will forgo collecting more than $493.6 million in debts owed by almost 175,000 students nationwide. The company denies any allegations of wrongdoing or liability.

Money Nissan executive on leave for tasks related to Ghosn arrest
Author: 0 Nissan executive on leave for tasks related to Ghosn arrest

The hearing will take place at 10:30 local time (0130 GMT) on January 8, the court said on Friday. He has demanded an open hearing so that Japanese prosecutors can explain his continued detention in jail. Both Ghosn and Kelly have denied the allegations through their lawyers. The authorities of Japan are pursuing three different courses of action against the former chairperson of Nissan who has been alleged of financial wrongdoings during his tenure as the chief of Nissan.

Money Vietnam's manufacturing PMI remains high in 2018
Author: 0 Vietnam's manufacturing PMI remains high in 2018

The latest reading was in line with economists' expectations. Results of a Caixin survey on China's manufacturing in December indicated that factory activity contracted for the first time in 19 months amid a trade dispute with the US. The BoE figures showed the annual growth rate in unsecured consumer lending had slowed to 7.1 percent in November from 7.4 percent in October, the smallest increase since March 2015.

Money House price growth slowed sharply in December, index finds
Author: 0 House price growth slowed sharply in December, index finds

But Scotland fared slightly better, with house prices in 2018's fourth quarter 0.9 per cent higher annually, at £147,856 on average. The building society's new House Price Index shows that prices fell by 0.7% last month, with properties going for an average of £212,281, down from £214,044 in November.

Money Apple Faces Potential Investor Lawsuit for Not Warning of Weak iPhone Demand
Author: 0 Apple Faces Potential Investor Lawsuit for Not Warning of Weak iPhone Demand

But Apple stores contacted in Beijing, Shanghai and Fuzhou in early December said they were still selling those older models - confirming a company statement that all remain available. Trump, who is notably , does appear to be a fan of Apple . A number of things have contributed to this slowdown, including the country's trade war with The US, which began in July of this year.

Money 649 ticket worth $1 million bought in Winnipeg
Author: 0 649 ticket worth $1 million bought in Winnipeg

A Lotto 6-49 ticket purchased by someone in Victoria on January 3, 2018, expired tonight at 4:30 p.m. PST. The BCLC is waiting the victor of last Friday's $39-million Lotto Max jackpot to come forward. The Western Canada Lottery Corporation , which oversees games in Alberta, Manitoba, Saskatchewan, and all three territories, has three $1-million prizes that went unclaimed in 2018.

Money Yen climbs on safe-haven appeal amid China growth fears
Author: 0 Yen climbs on safe-haven appeal amid China growth fears

Dealers said yen-buying was spurred following the announcement by USA technology giant Apple that it has cut its sales forecast for the October-December quarter on the back of the slowing Chinese economy . Most sectors ended the day in the negative in Tokyo. In the USA equity market, the Dow Jones Industrial Average .dji fell 660.02 points, or 2.83 percent, to 22,686.22, the S&P 500 .SPX lost 62.14 points, or 2.48 percent, to 2,447.89 and the Nasdaq Composite .IXIC dropped 202.43 points, ...

Money L.A. Sues IBM's Weather Company over 'Deceptive' Weather Channel App
Author: 0 L.A. Sues IBM's Weather Company over 'Deceptive' Weather Channel App

Feuer says The Weather Channel app operators sold data to at least a dozen websites for targeted ads. In a tweet, he said he was taking "action against one of America's largest corporations for what we allege is egregious behavior". Google evidently didn't even do that: In 2017, the search biz was accused of collecting data on Android phones regardless of whether users allowed such collection.

Money Japanese bluefin tuna sold at auction for record $4.4m
Author: 0 Japanese bluefin tuna sold at auction for record $4.4m

Wholesalers and sushi company owners often pay high prices for the best fish at the first pre-dawn auction of the new year. President of sushi restaurant chain Sushi-Zanmai, Kiyoshi Kimura (R), displays a 278kg bluefin tuna at his main restaurant in Tokyo on 5 January 2019.

Money BC Assessment releases property assessments for Vancouver
Author: 0 BC Assessment releases property assessments for Vancouver

In Duncan, the average single-family rose from $310,000 to $349,000 this year, while in Nanaimo assessments increased from $434,000 to $490,000 for similar properties. However, it's 16.5 per cent lower than the active listings of November this year. Other areas were relatively stable or even showing modest increases.

Money Aussie dollar tanks to 10-year low against USD
Author: 0 Aussie dollar tanks to 10-year low against USD

MSCI's gauge of stocks across the globe shed 1.24 percent. The Australian dollar plunged more than three per cent against the USA dollar and six per cent against the yen as part of a flash crash in the current markets. Analysts pointed to growing concern about the Chinese economy, after worse-than-expected Chinese manufacturing data. The dollar was last 1 percent weaker against the yen (JPY=) at 107.77, having earlier fallen as low as 104.96, its lowest level since March 2018.

Money Powell tells markets Fed is flexible and aware of risks
Author: 0 Powell tells markets Fed is flexible and aware of risks

Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the US central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year.

Money The government shutdown could delay your tax refund
Author: 0 The government shutdown could delay your tax refund

During the shutdown, the IRS can continue daily activities such as processing returns that come with payments, but they cannot pay out . Jay Williams, a West Virginia-based financial adviser who focuses on tax-advantaged investing, noted there are a few exceptions.

Money Trump Says
Author: 0 Trump Says "Prepared" To Force Government Shutdown For More Than A Year

The impasse over paying for Trump's proposed wall at the U.S. -Mexico border extended the shutdown into a 14th day, but some GOP senators up for re-election in 2020 voiced discomfort. "Absolutely I said that", Trump said, adding. Several Republicans crossed over to join them. Speaking at the White House, he confirmed that he had made the threats in a meeting with Democrats Chuck Schumer, Nancy Pelosi , and other congressional leaders.

Money Opec oil output posts biggest drop since 2017
Author: 0 Opec oil output posts biggest drop since 2017

A barrel of Brent crude rose by $2.38, or 4.4 per cent, to $56.18 in late trading after industry data suggested that the world's largest oil exporter was limiting supplies in an attempt to prop up the market. "The omens are far from encouraging", said Stephen Brennock of oil broker PVM, citing rising non-OPEC supply and the likelihood of further increases in oil inventories.

Money Fed Chair Says He Won't Resign If President Trump Asks Him To
Author: 0 Fed Chair Says He Won't Resign If President Trump Asks Him To

While most of the economic data he has seen coming have been quite solid, Powell also made clear he was not ignoring signals from financial markets. But Mr Powell once again stressed that the Fed had no "pre-set" plan for interest rates and would bide its time to see how the economy evolves.

Money Apple is trying to steal business from China’s homegrown smartphone players
Author: 0 Apple is trying to steal business from China’s homegrown smartphone players

In some developed markets, iPhone upgrades also were not as strong as we thought they would be. Prices for the iPhone have risen significantly in recent years, and particularly so in the fall 2018 iPhone lineup. A functional iPhone 7 Plus with the same amount of storage can get a trade in value of 1939 yuan ($282). In November, the company said it would stop reporting unit sales of iPhones , iPads and Macs beginning in fiscal 2019.

Author: 0 China says it is restarting trade talks with the US

A USA delegation will visit China next week for talks aimed at defusing the trade war between the world's two largest economies. The two nations have been locked in a trade war for much of the past year, disrupting the flow of hundreds of billions of dollars worth of goods and stoking fears of a global economic slowdown.

Money China trade delegation to meet Monday, Tuesday
Author: 0 China trade delegation to meet Monday, Tuesday

The two nations have been locked in a trade war for much of the past year, disrupting the flow of hundreds of billions of dollars worth of goods and stoking fears of a global economic slowdown. President Trump initiated the trade war over complaints of unfair Chinese trading practices. "Lighthizer was a mentor to him, so I think they share a similar world view", Scott Kennedy, a China expert at the Center for Strategic and International Studies told the Financial Times.

Money Wall Street shares tumble after Apple warning
Author: 0 Wall Street shares tumble after Apple warning

CEO Tim Cook blamed the slump on a slowing economy in China , where Apple has also faced competition from Huawei and Xiaomi. Wedbush Securities analyst Daniel Ives described it as "Apple's darkest day during the Cook era", saying: "No one expected China to just fall off a cliff like this".

Author: 0 Oil falls to Sh5,300 on economic worries, surging supply

At 1051 GM%, February WTI crude oil is trading $46.26, down $0.29 or -0.60% and March Brent crude oil is at $54.91, down $0.04 or -0.07%. The biggest problem that the market has to overcome is fears of a global economic slowdown and a drop in demand.

Money Government to stop printing of Rs 2000 notes, says report
Author: 0 Government to stop printing of Rs 2000 notes, says report

The move, as per a report by ThePrint quoting unnamed government sources, is being aimed at slowly reducing the note's circulation. The decision comes on the back of suspicion in the Modi government that the high-denomination banknote was being used for hoarding, tax evasion and money laundering.

Money Component suppliers fall following Apple announcement
Author: 0 Component suppliers fall following Apple announcement

In his letter , Cook blamed the earlier launch timing of the iPhone XS and XS Max compared to the iPhone X, the strength of the U.S. dollar, supply constraints due to the number of new products Apple released in the fall, and overall economic weakness in some markets.

Money Oil falls toward $53 on economic worries and surging supply
Author: 0 Oil falls toward $53 on economic worries and surging supply

At the urging of Trumpand oil customers, Saudi Arabia in particular turned on the taps , adding about 1 million barrels per day to the market between June and November. Despite encouraging talk on trade from President Donald Trump , the coming months still look unsettled, said Phil Streible, senior market strategist at RJO Futures in Chicago.

Money U.S. team to visit China for trade talks
Author: 0 U.S. team to visit China for trade talks

The US President noted that if a trade deal between the US and China will be reached, it will become "comprehensive, it will affect all themes, the scope and the subject of the dispute". "It's not going to be just Apple", Hassett said. "If we have a successful negotiation with China, then Apple sales and everybody else's sales will recover".