Money

Money United States dollar drops amid speculations over Fed's waning monetary tightening
Author: 0 United States dollar drops amid speculations over Fed's waning monetary tightening

Financial markets have been rattled by heightened worries about slowing global growth, especially in the United States and China , though data on Friday showed strong USA job growth. Analysts expect further monetary stimulus from Beijing in 2019. In late NY trading, the euro was up to 1.1478 dollars from 1.1398 dollars in the previous session, and the British pound was up to 1.2769 dollars from 1.2740 USA dollars in the previous session.

Money China pledges to buy more U.S. goods as trade talks end
Author: 0 China pledges to buy more U.S. goods as trade talks end

This week's meetings are the first face-to-face talks since Trump and Chinese president Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global financial markets. "We hope your company can become an in-depth participant in China's opening and a promoter of the stability of Chinese-U.S. relations". The Asian markets reached almost one-month highs on speculation that the world's two largest economies were hammering out a deal, Schmitz said.

Money US shutdown won't stop IRS tax refunds going out, Trump administration says
Author: 0 US shutdown won't stop IRS tax refunds going out, Trump administration says

Vice President Mike Pence says the White House is looking into the legality of declaring a national emergency to circumvent Congress and begin construction on President Donald Trump's long-promised Southern border wall. It is particularly notable considering President Trump suggested over the weekend that the situation could last for a "really long time". That's what will happen if the shutdown continues past the opening date for tax returns.

Money GM's Oshawa Plant Hit By Work Stoppage As Union Protests Planned Shutdown
Author: 0 GM's Oshawa Plant Hit By Work Stoppage As Union Protests Planned Shutdown

GM also said in the letter to Unifor that it hopes to work closely with the union "to seek the best possible transition" for the plant and its workers. "Having completed an analysis of Unifor's proposals, GM has determined that it can not pursue them because they would not combat the declining economic and market factors that must be addressed", the company said in a letter from GM Canada president Travis Hester and labour relations vice president Gerald Johnson.

Money China trade talks extended amid some signs of progress
Author: 0 China trade talks extended amid some signs of progress

An American delegation has been in Beijing since Monday for the first sit-down talks since Trump and Chinese leader Xi Jinping agreed to a three-month truce on December 1. A Chinese foreign ministry spokesman, Lu Kang, announced the talks had ended. The Wall Street Journal reported Tuesday the two sides were narrowing their differences, with Chinese officials offering greater purchases of U.S.

Money Hundreds march through downtown Vancouver after pipeline protesters arrested
Author: 0 Hundreds march through downtown Vancouver after pipeline protesters arrested

Dennis Kale, who identifies as Wet'suwet'en attends a Vancouver demonstration in support of the First Nation. Other events are being planned for as far away as NY, and even Italy, according to social media. Gidimt'en member Jen Wickham said hereditary chiefs had gathered near the site of the B.C. camp Tuesday and expected further RCMP action. The UBCIC is calling "upon the Canadian Justice system to uphold the human rights and dignity of Indigenous peoples".

Money Air travellers start to feel effects of US government shutdown
Author: 0 Air travellers start to feel effects of US government shutdown

At Los Angeles International Airport, travelers told KTLA that security didn't seem to take any longer than usual. Rep. Bennie Thompson, a Mississippi Democrat, asked for specifics about how many officers have called out of work since funding for TSA and other agencies expired in December, and voiced concern that "if wait times and public pressure increase, some TSA managers may try to manage the effects of the shutdown in ways that are detrimental to security".

Money Oil rises; lifted by OPEC cuts, steadying stock market
Author: 0 Oil rises; lifted by OPEC cuts, steadying stock market

President Trump and China's President Xi Jinping on December 1. Continuing to underpin the markets is optimism that the on-going OPEC-led supply cuts will trim the excess global supply and stabilize prices. The global benchmark crude traded at an $8.66 a barrel premium to WTI for the same month. A separate government report scheduled for release on Wednesday is expected to show American crude stockpiles declined by 2.7 MMbbl last week, according to the median estimate in a survey of ...

Money Sears Holdings Likely Heading to Liquidation
Author: 0 Sears Holdings Likely Heading to Liquidation

New York-It's looking like 126-year-old Sears Holdings Corp. will soon head to liquidation. The reprieve came after what Sears lawyers described to a bankruptcy judge in NY as "round-the-clock" negotiations following the company board's initial rejection of Eddie Lampert's proposal, which sought to preserve 425 stores and 50,000 workers.

Money Samsung profit and sales miss estimates on technology slowdown
Author: 0 Samsung profit and sales miss estimates on technology slowdown

The announcement comes on the heels of Apple's earnings warning - its first since 2002 - in which CEO Tim Cook said in a letter to investors that the iPhone maker expects first-quarter revenue of about $84 billion, down from the previous guidance of between $89 billion and $93 billion.

Money Departures halted at London's Heathrow Airport due to drone sighting
Author: 0 Departures halted at London's Heathrow Airport due to drone sighting

She said: "It is crucial that our plans maximise the benefits of expansion across the country, including for the communities closest to us". "We apologize to passengers for any inconvenience this may cause". The Transport Secretary is also planning to expand the no-fly zones around airports and prisons, amid fears that drones are increasingly being used to deliver drugs and other prohibited items to inmates.

Money Intel at CES 2019: Ice Lake, 10nm Parts, New Network SoCs
Author: 0 Intel at CES 2019: Ice Lake, 10nm Parts, New Network SoCs

Lakefield has five cores, merging the 10nm Sunny Cove core with four Intel Atom processor-based cores in a small package. Ice Lake is the first platform to feature the all-new Gen11 integrated graphics architecture, support Intel Adaptive Sync technology, enabling smooth frame rates and capable of more than 1 TFLOP of performance for richer gaming and creation experience.

Money Wait, what? Hyundai reveals wacky 'walking' auto concept!
Author: 0 Wait, what? Hyundai reveals wacky 'walking' auto concept!

Elevate is Hyundai's first-ever vehicle with four moveable legs that give the auto an insect-like look. Labelled as an Ultimate Mobility Vehicle (UMV), the Elevate combines technology found in electric cars and robots, which allows it to traverse terrain beyond the limitations of even the most capable off-road vehicles .

Money Apple Trolls Google & Amazon With Billboard at CES
Author: 0 Apple Trolls Google & Amazon With Billboard at CES

Despite this, the company has clearly made itself known this year with a large billboard ad placed right next to the Las Vegas Convention Center, where CES is taking place. However, following a rough patch that's slashed more than $300 billion in market value in two months, Apple is using this week's CES conference to make a bold statement in a rather uniquely Apple fashion.

Money Tesla's Musk to break ground on Shanghai factory
Author: 0 Tesla's Musk to break ground on Shanghai factory

In China, the billionaire-entrepreneur faces a auto market that probably shrank a year ago for the first time in at least two decades as uncertainties surrounding the trade fight between the world's two biggest economies, signs of weakening domestic demand and a stock-market slump take their toll on consumers.

Author: 0 Japan billionaire says 'free cash' tweet most shared of all time

He can now add to that collection the mantle of having the most-ever retweeted Twitter post. At the time of publication, more than 4.4 million people had done just that, with Mr Maezawa comparing the scenes on his Twitter feed to a "festival".

Money PG&E Stock Continues to Tumble Amid Board Changes, Bankruptcy Fears
Author: 0 PG&E Stock Continues to Tumble Amid Board Changes, Bankruptcy Fears

PG&E had reported equipment problems near the origin of the fire around the time it began. The company is considering whether to file for bankruptcy as soon as February to protect itself over billions of dollars of potential wildfire liabilities, people familiar with the situation said late Friday, asking not to be identified because the information isn't public.

Money World Bank President Jim Yong Kim Announces Resignation
Author: 0 World Bank President Jim Yong Kim Announces Resignation

Immediately after his exit, Mr Kim said he would join a firm focussing on increasing infrastructure investments in developing countries. The World Bank says he will be succeeded February 1 on an interim basis by Cristalina Georgieva, its chief executive officer.

Money UK DUP Considers Backstop the 'Poison' in Brexit Deal
Author: 0 UK DUP Considers Backstop the 'Poison' in Brexit Deal

The House of Commons vote had been scheduled to take place in December, but Mrs May called it off after it became clear that not enough MPs would vote for her deal. "We are pretty much where we were before Christmas, with the proviso that there's less time left". May also did not directly respond, when asked, if she was leading the country toward a no-deal Brexit.

Money Elon Musk to break ground on Chines Gigafactory
Author: 0 Elon Musk to break ground on Chines Gigafactory

The plaintiffs are also proposing subpoenas of rapper Azealia Banks , who alleged in Instagram posts that Musk was using drugs at the time, and various media outlets that interviewed Banks or Musk, like Business Insider and The New York Times.

Money Hiring surged in December, employers added 312000 jobs
Author: 0 Hiring surged in December, employers added 312000 jobs

Citing rising interest rates that are beginning to impact the housing market, manufacturing surveys from Federal Reserve banks in Dallas, Philadelphia, and NY that were less than expected, and fears from stock market investors that the Federal Reserve may continue to push for interest rate increases to ward off inflation, some economists believe these factors could combine to lead the USA economy into a tough situation.

Money Global stocks soar on dovish Fed, strong US jobs data
Author: 0 Global stocks soar on dovish Fed, strong US jobs data

Dallas Fed President Robert Kaplan said on Thursday that planned rate hikes should be halted for now, while on Friday Mester said she sees only one or two rate hikes this year. "Can we wait?", Cleveland Federal Reserve Bank President Loretta Mester said in an interview with Reuters . Courts in cases that involved other agencies have interpreted that language to not cover policy differences.

Money 'No L-pocalypse!': New York's 'L' train to keep running during repairs
Author: 0 'No L-pocalypse!': New York's 'L' train to keep running during repairs

Following his 90-minute visit to the Canarsie Tunnel, which connects the Lower East Side to Williamsburg, he met with engineering experts and toured the areas damaged during Hurricane Sandy. "This line is full, it's one of the most on-time lines of all the subways and I believe this is the right solution, not to shut it down". "So long as this new strategy proves to be real, the mayor thinks this is great news for L-train riders", a spokesman for Mayor Bill de Blasio said.

Money Greggs responds as Piers Morgan takes aim at
Author: 0 Greggs responds as Piers Morgan takes aim at "PC ravaged clowns"

Meanwhile, Dundee's vegans begged to differ, with one passionate advocate of the plant-based lifestyle penning a letter to Greggs. The vegan roll is on sale from today (January 3). "Here's a picture of our new vegan Pizza". A vegan activist tweeted: "Apparently vegans are easily triggered but have you seen the uproar from Greggs selling a vegan sausage roll, like bloody hell we're the precious ones????" "Before looking to roll it out further we are keen to gauge customer demand".

Money Volvo's spin-off Polestar brand teases fully electric Tesla Model 3 rival
Author: 0 Volvo's spin-off Polestar brand teases fully electric Tesla Model 3 rival

In the production of the auto will go no earlier than 2020, immediately after the start of the production sports coupe Polestar 1 . Tesla, which called the Model 3's computer "the brain of the vehicle", added that "choosing any other supplier would have delayed the (Model 3) program by 18 months with clean room setup, line validation, and staff training".

Author: 0 Unemployment rate holds steady nationally, little change regionally to end 2018

Analysts in a Reuters poll had forecast a gain of 5,500 positions in December and for the jobless rate to increase to 5.7 percent from 5.6 percent in November, a month when a record 94,100 jobs were created. According to a Statistics Canada report, the country closed out the year with a gain of 9,300 net new jobs, which kept the national unemployment rate at 5.6 per cent.

Money Marriott Breach Included 5 Million Passport Numbers | Decipher
Author: 0 Marriott Breach Included 5 Million Passport Numbers | Decipher

Regis Residence Club , and Vistana ) are also included. The hotel chain's investigation found a total of 8.6 million debit and credit numbers in the database, though fortunately, they were better protected than the passport entries. In some cases, customers' payment card information, birthdates, and passport numbers. There is no evidence that the unauthorized third party accessed the master encryption key needed to decrypt the encrypted passport numbers.

Money Unemployment Benefits Claims Rise Amid US Government Shutdown
Author: 0 Unemployment Benefits Claims Rise Amid US Government Shutdown

Median estimates from the Bloomberg polling suggest the USA added 184 thousand jobs for December, an improvement over November's 155 thousand addition, but still below the year's average of 206 thousand. President Donald Trump has defended the duties as necessary to protect American industries from what he says is unfair foreign competition. The U.S.