Finance

Finance France fines Google $57 million over data transparency
Author: 0 France fines Google $57 million over data transparency

The report claims that Google provided unclear information about what would happen to a user's data, and the committee also argued that the search engine giant had not obtained proper user consent to process data for ads personalization in a valid manner.

Finance Wall Street extends rally on U.S.-China trade optimism
Author: 0 Wall Street extends rally on U.S.-China trade optimism

The Wall Street Journal reported Treasury Secretary Steven Mnuchin was willing to roll back US tariff hikes on Chinese goods, though it said Lighthizer and other officials opposed that. The pan-European STOXX 600 index (.STOXX) rose 1.80 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 1.23 percent. ANALYST'S COMMENT: Markets have welcomed "the latest indication of further interest from the U.S.to resolve the U.S".

Finance China calls proposed U.S. legislation against Huawei, ZTE
Author: 0 China calls proposed U.S. legislation against Huawei, ZTE "hysteria"

New Zealand blocked a proposal to use Huawei telecoms equipment over national security concerns, and the Australian government has banned Huawei from providing 5G technology to its wireless networks. Democratic Senator Chris Van Hollen said in the same statement: "Huawei and ZTE are two sides of the same coin". "No law requires any company in China to install mandatory back doors", Ren Zhengfei said, according to the Journal .

Finance Pelosi: Trump Can Deliver SOTU 'From The Oval Office If He Wants'
Author: 0 Pelosi: Trump Can Deliver SOTU 'From The Oval Office If He Wants'

The shutdown has left approximately 800,000 federal workers without pay. And since the start of modern budgeting in Fiscal Year 1977, a State of the Union address has never been delivered during a government shutdown, she wrote. Trump met a bipartisan group of lawmakers Wednesday that included seven Democrats. McCarthy said to Pelosi: "You're speaker of the house". "I am running out of ideas", said Sen.

Finance Brexit: France activates no-deal plan
Author: 0 Brexit: France activates no-deal plan

The votes on Tuesday and yesterday brought into sharp relief the problem May faces; trying to win over pro-EU supporters in her own and other parties without alienating those who keep her in power - for instance, by giving up the "no-deal Brexit " that they see as a crucial bargaining chip.

Finance 'Out of control': Taiwan says won't bow to China pressure
Author: 0 'Out of control': Taiwan says won't bow to China pressure

The Chinese regime considers Taiwan part of its territory that is to be united with the mainland one day, despite the fact that Taiwan is a de facto independent country, with its own constitution, democratically elected government, currency, and military.

Finance Volkswagen, Ford team up on pickups, explore deal on electrics
Author: 0 Volkswagen, Ford team up on pickups, explore deal on electrics

The medium pickup and commercial van alliance will be overseen by a joint committee including Hackett and Volkswagen CEO Dr. Herbert Diess , as well as other senior executives. They are under pressure from governments in key markets such as the European Union and China to come up with electric vehicles so they can meet tougher pollution limits.

Finance United States 'probes Huawei for trade secret theft'
Author: 0 United States 'probes Huawei for trade secret theft'

The trade secrets investigation arose from civil lawsuits against Huawei, the Wall Street Journal said, including one in Seattle where Huawei was found liable for misappropriating robotic technology from T-Mobile. Furthermore, according to Representative Mike Gallagher (R-WI), Chinese telecommunications companies represent an increasing threat to the USA national security, as well as an "intelligence-gathering arm of the Chinese Communist Party" as stated by Senator Tom Cotton (R-AR).

Finance Rank-and-file Democrats snub invite to shutdown lunch with Trump
Author: 0 Rank-and-file Democrats snub invite to shutdown lunch with Trump

Piles of burgers and fish sandwiches from McDonald's , Wendy's and Burger King , still in their boxes and wrappers, were served on trays in the candlelit dining room. White House spokeswoman Sarah Huckabee Sanders told reporters that the economy remained strong. Representative Jim Jordan of the House Freedom Caucus, a group of conservative Republicans who are close allies of Trump, said Pelosi's move showed the lengths to which Democrats will go to obstruct Trump.

Finance Ford Explorer ST debuts with 400 horses at Detroit Auto Show
Author: 0 Ford Explorer ST debuts with 400 horses at Detroit Auto Show

That's a surprisingly low figure compared to the Toyota Highlander Hybrid's 28 to 29 mpg combined rating with its standard all-wheel-drive system. But after a meeting at the Detroit auto show , Dias said the premier had vowed to press the company this week to keep the plant open.

Finance CEO of California utility PG&E resigns as firm faces liability over wildfires
Author: 0 CEO of California utility PG&E resigns as firm faces liability over wildfires

Bankruptcy Code on or about January 29, 2019". The company has seen two-thirds of its market value wiped out since November's Camp Fire - the deadliest wildfire in California's history. "The company does not expect any impact to electric or natural gas service for its customers as a result of the Chapter 11 process", the statement read.

Finance United States air travel concerns surface as government shutdown drags on
Author: 0 United States air travel concerns surface as government shutdown drags on

Many workers have started calling in sick , while others have quit altogether. More than 51,000 airport security screeners are required to work through the government shutdown -despite the agency's inability to provide them their regular pay - until it secures congressional funding from lawmakers in Washington.

Finance China says trade talks with U.S. set foundation to resolve concerns
Author: 0 China says trade talks with U.S. set foundation to resolve concerns

President Donald Trump has said on Twitter that the talks are " going very well ". If talks continue to go well, a cabinet-level meeting is likely to happen before the end of the month. But Bonnie Glaser, a senior adviser at the Center for Strategic and International Studies, said the timing of the North Korean leader's arrival could be coincidental.

Finance India stops printing Rs 2,000 note, two years after its shock launch
Author: 0 India stops printing Rs 2,000 note, two years after its shock launch

When the Rs 2000 note was launched, it was decided that the printing would be "scaled down" going forward, since the new high-value currency note was meant for meeting the remonetisation needs. The note was introduced post-demonetisation in November 2016. He claimed that the government had chose to reduce the printing of Rs 2,000 notes at the time of their launch itself.

Finance North American stocks markets move lower after Apple says iPhone sales slow
Author: 0 North American stocks markets move lower after Apple says iPhone sales slow

Apple also cited supply "constraints" for some products, including its latest Apple Watch and iPad Pro. Huawei has overtaken Apple as the third largest global smartphone maker despite limited presence in the United States. In India, however, there's still huge potential: roughly 900 million people have yet to buy a smartphone. Apple had plenty of time to find another cash cow, and it didn't.

Finance Doughnut Truck Fire Fuels Twitter Joke of Police in Mourning
Author: 0 Doughnut Truck Fire Fuels Twitter Joke of Police in Mourning

No one was injured and the fire was put out quickly, but the truck was seriously damaged, WKYT reported. The post was shared thousands of times with commenters saying, "Stay strong", and "Condolences". Dave Skena, the chief marketing officer for Krispy Kreme Doughnuts, said it was great to see the police department deal with the fire in a fun way.

Finance USA and China trade deal probable after positive talks
Author: 0 USA and China trade deal probable after positive talks

The S&P 500 posted no new 52-week highs and no new lows; the Nasdaq Composite recorded eight new highs and 98 new lows. The Russell 2000 index of smaller-company stocks climbed 5 points, or 0.4 per cent, 1,343. In comments broadcast live by all state media, Xi said China launched more than 100 major reform measures in 2018 and unveiled a comprehensive and systematic overhaul of both party and state institutions.

Finance Newspapers across the U.S. hit by cyber attack
Author: 0 Newspapers across the U.S. hit by cyber attack

A cyberattack on the Tribune Publishing Company's computer system led to printing and distribution problems at major newspapers. "We apologize to all of our readers for the inconvenience", it said. Patrick Soon-Shiong in June, but the companies continue to share various systems, including software. Inc., said it was also affected. At The Baltimore Sun , for example, the usual comics and puzzles were not included in Saturday's print edition, the paper tweeted.

Finance As outage affecting 911 calls continues, FCC launches an investigation
Author: 0 As outage affecting 911 calls continues, FCC launches an investigation

Lewis County, along with numerous counties across the state, suffered from a 911 outage Thursday evening into the early morning hours Friday due to a CenturyLink glitch. In Arizona, some police agencies said 911 systems crashed temporarily or had intermittent problems. "I've directed the Public Safety and Homeland Security Bureau to immediately launch an investigation into the cause and impact of this outage", he continued.

Finance Dow notches record point surge in dramatic rebound
Author: 0 Dow notches record point surge in dramatic rebound

The S&P 500 . SPX was up 9.05 points, or 0.38 percent, at 2,360.15 and the Nasdaq Composite . IXIC was up 67.39 points, or 1.09 percent, at 6,260.30. "If the USA economy turns south, global capital markets are in for a world of hurt". It's been a brutal month for markets, capped by a whirlwind holiday week as stocks swung from the worst Christmas Eve on record to the best day in a decade.

Finance Sears at Charlottesville Fashion Square to Close
Author: 0 Sears at Charlottesville Fashion Square to Close

The accompanying Sears Auto Centers will also be shut. Bids were due Friday at 4 p.m. CNBC reported Sears was still operating a little under 700 stores when it filed for bankruptcy on October 15. One of the stores on the list is the Kmart in Fostoria on Plaza Drive. NY time under procedures outlined in court filings, and Lampert has been the only potential buyer aiming to keep the business running.

Finance New Yorkers baffled as night sky turns blue
Author: 0 New Yorkers baffled as night sky turns blue

A still from a video shows a fire at the Con Edison facility in Queens. The freakish sight set off a frenzy on social media, where people reported a power failure at LaGuardia Airport. 'Unclear what the cause is. everything (exiting, boarding, security, etc.) is frozen until they figure it out. Looks like departing passengers are being held back until security check points are back up and running'.

Finance Tesla set to introduce the new Model Y EV next March
Author: 0 Tesla set to introduce the new Model Y EV next March

On its website of China, Tesla the electric auto maker stated on Wednesday that for the certain specific Model 3 sedan the company has dropped the prices by nearly 7.6 percent. Ives highlighted that Tesla's capital needs have been an ongoing issue for the company ever since it went public in 2010. Beginning in July of 2019, the federal tax credit for new Tesla purchases will drop down to $1,875.

Finance Oil at US$50: Who will benefit?
Author: 0 Oil at US$50: Who will benefit?

Thus, on the New York Trade Exchange, US crude oil fell by more than $ 3 or almost 7 percent to $ 42 a barrel, which was the lowest price since last June. In wider financial markets, investors were still anxious as the S&P 500 Index of equities stands just seven points away from completing a full-blown bear market drop.

Finance Mega Millions winning numbers: Who won the Mega Millions Christmas Day jackpot?
Author: 0 Mega Millions winning numbers: Who won the Mega Millions Christmas Day jackpot?

No one has picked all six winning numbers since the October 23 drawing where a person in SC won a record $1.537 billion jackpot. It's the largest Mega Millions jackpot ever offered on the holiday. The victor has a total of 180 days to claim the money, according to state law , and the countdown starts from when the winning numbers were announced.

Finance Trump and Mnuchin- Wall Street Faces Rush
Author: 0 Trump and Mnuchin- Wall Street Faces Rush

The Dow was up 500 points by midday, the S&P 500 rose 2.4% and Nasdaq was up about 3%. "The only problem our economy has is the Fed". Small said markets are effectively acting like they're in a bear market situation even though there's no signs of a recession.

Finance Nothing To Stop New States Joining Nuclear Pact: Putin
Author: 0 Nothing To Stop New States Joining Nuclear Pact: Putin

The Kremlin has said it might have to place US missile launchers in its crosshairs if they are placed in Europe, as the United States threatens to exit a key arms control treaty. We know how to do it. Putin, who said Russia's own relations with Britain were deadlocked but that Moscow was interested in improving them, characterized Brexit as an example where Western democracy was starting to show cracks.

Finance Asian markets slump after Fed hikes rates
Author: 0 Asian markets slump after Fed hikes rates

Meeting for the last time this year, USA central bank policymakers increased the key interest rate for a fourth time in 2018. The Fed's move came despite President Donald Trump's attacks in recent weeks on its rate hikes and on Powell personally.

Finance Government Careens Toward Shutdown After Trump's Wall Demand
Author: 0 Government Careens Toward Shutdown After Trump's Wall Demand

The House's approval of billions for border security comes after Trump said Thursday he would not sign a short-term spending bill that did not include such funding. That provided an opening for Republican lawmakers to begin proceedings on a measure that would provide funding for nine federal agencies through February.

Finance Gatwick flights halted after drone sighting
Author: 0 Gatwick flights halted after drone sighting

Flights at London's Gatwick airport resumed on Thursday (Dec 19) after the UK's second-busiest airport halted them for six hours to investigate reports of two drones flying over its airfield, inconveniencing passengers days before the Christmas holiday period.

Finance Facebook Allowed Spotify to Read Your Private Messages
Author: 0 Facebook Allowed Spotify to Read Your Private Messages

Facebook has been under scrutiny since the revelation in March that consultancy Cambridge Analytica had misused Facebook user data in the run-up to the 2016 US presidential election. There's no evidence that Netflix used its ability to peek into people's private messages, but it sounds creepy, and Facebook whiffed on its chance to identify any open data pipelines, plug up the ones that weren't absolutely necessary, and make a full accounting to the public and Congress.

Finance Adam Bros. Farming Recalls Cauliflower, Lettuce for E. coli Risk
Author: 0 Adam Bros. Farming Recalls Cauliflower, Lettuce for E. coli Risk

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. So far, no illnesses have been reported from the products. The cauliflower in question was distributed to Arizona, California, Illinois, Louisiana, Maryland, North Carolina, New Jersey, New York, Ohio, and Pennsylvania, as well as parts of Mexico and Canada.

Finance From hemp to organic foods, farm bill embraces change in rural US
Author: 0 From hemp to organic foods, farm bill embraces change in rural US

The 2014 farm bill paved the way for hemp research programs in the states. There were efforts to cut off subsidies to the wealthiest farmers but that language didn't make it into the final bill, said said Scott Faber, senior vice president of government affairs at the Environmental Working Group .

Finance Winter Storm Diego Spreads Heavy Snow Across the South
Author: 0 Winter Storm Diego Spreads Heavy Snow Across the South

Potentially heavy snow is also forecast for upstate SC, western North Carolina , southern Virginia and southern West Virginia . Snow will be heavy at times Sunday afternoon and last into the evening, especially across southern Virginia .

Finance Elon Musk aims at the SEC again
Author: 0 Elon Musk aims at the SEC again

Musk made it clear that, despite a settlement that requires "mandatory procedures... regarding oversight of communications relating to the Company made in any format, including but not limited to, posts on social media (e.g Twitter )", no one is looking over his shoulder or telling him not to tweet.

Finance Oil prices recover as Opec and allies agree to cut output
Author: 0 Oil prices recover as Opec and allies agree to cut output

The Organisation of Petroleum Exporting Countries (OPEC) and other major oil producers yesterday agreed to cut about 1.2 million barrels of oil to address falling oil price, which is now facing a record low of $63 a barrel. Analysts noted a big cut would be needed to reverse recent price falls and Russia's volume was key to this. Trump was claiming to cut Iranian oil exports to zero and his best buddy bin Salman was Trump's main chess piece to succeed in his game against Iran.

Finance Canada arrests CFO of China's Huawei Technologies
Author: 0 Canada arrests CFO of China's Huawei Technologies

China's Ministry of Foreign Affairs both Canada and the U.S.to release Meng. Geng also says Meng's legal rights must be ensured, adding that neither Canadian nor American officials had so far responded to China's concerns. Prime Minister Justin Trudeau says Ottawa had a few days' prior notice of the arrest of an executive from the Chinese telecommunications giant Huawei following US allegations the company violated sanctions on Iran .

Finance Huawei's global chief financial officer arrested in Vancouver
Author: 0 Huawei's global chief financial officer arrested in Vancouver

Meng, who is the daughter of Huawei founder Ren Zhengfei, is seen as a key figure in the company, serving both on the company's executive team and its board of directors. In a statement to Fortune , a Huawei spokesperson confirmed that Meng was detained, and said that she "faces unspecified charges in the Eastern District of NY".

Finance Trump Imposes Six Month Deadline On Congress For NAFTA Substitute
Author: 0 Trump Imposes Six Month Deadline On Congress For NAFTA Substitute

Marco Rubio says the deal - called USMCA by the USA and CUSMA by Canada - gives agricultural producers in Mexico an unfair advantage that could put seasonal growers in his state out of business. In a blog entry posted shortly after the agreement was signed Friday, Cato Institute trade analyst Simon Lester appeared to anticipate Trump's move - although he acknowledged it would have made a lot more sense if the Republicans still had control of Congress.

Finance China trade cease fire does little to narrow differences
Author: 0 China trade cease fire does little to narrow differences

The U.S. has agreed to not escalate tariffs further, including not raising the 10% tariffs on $200 billion of Chinese exports on January 1, as originally scheduled. The U.S. and China also made progress on the regulation of fentanyl, which is 50 times more powerful than heroin. The announcement comes after Trump's dinner with Chinese President Xi Jinping on Saturday at the G20.

Finance President H.W. Bush to lie in state in Washington, D.C.
Author: 0 President H.W. Bush to lie in state in Washington, D.C.

President Trump will not be speaking at the funeral for President George H.W. Bush , it was reported Monday. The other eulogists include former Canadian Prime Minister Brian Mulroney, former Sen. Sitting presidents have eulogized the last three past presidents who have died. The president's body will be interred at the George Bush Presidential Library and Museum.

Finance Fed likely to raise rates in December but concerns mounting: minutes
Author: 0 Fed likely to raise rates in December but concerns mounting: minutes

The central bank chief said his colleagues and many other economists "are forecasting continued solid growth, low unemployment and inflation near 2 per cent". "If US growth slows down next year, as expected, gold would benefit from higher demand", analysts including Jeffrey Currie said in a November 26 note that endorsed bullion as one of its top 10 trade ideas for commodities.

Finance Oil Prices Fall Again as US Crude Inventories Rise
Author: 0 Oil Prices Fall Again as US Crude Inventories Rise

If Russia bore the same proportion of such cuts as it did under the existing agreement, its share of the reduction would amount to 166,000 bpd. "I'm surprised because stock markets rallied yesterday, because the dollar weakened and that should provide some sort of support for oil, but at the same time, I'm not surprised because the Saudi energy minister said yesterday they won't be the only one to cut (output) and even Putin has said he's happy with oil prices at $60".

Finance Trump warns GM could lose subsidies over layoffs
Author: 0 Trump warns GM could lose subsidies over layoffs

According to The Wall Street Journal , Trump told the GM chief executive Mary Barra that she should stop making cars in China and open a new plant in OH to replace the one that is ending production. Barra said that the goal was to make the company more efficient. The iconic but sorely controversial Detroit-Hamtramck factory is among five facilities that will be shut down, pending talks with the relevant workers' union, starting next year.

Finance General Motors to slash 14,000 jobs in North America
Author: 0 General Motors to slash 14,000 jobs in North America

Some will take buyouts while others will be laid off. The company also said it will stop operating two additional factories outside North America by the end of next year, in addition to a previously announced plant closure in Gunsan, South Korea.

Finance Oil slumps 6 percent as equities slide feeds demand worry
Author: 0 Oil slumps 6 percent as equities slide feeds demand worry

The global benchmark fell as much as 5.1 percent to $63.36, the lowest since early March. Oil prices continued its descent with WTI and Brent crude losing as much as 6% in yesterday's session. Trump said he won't let the murder of journalist Jamal Khashoggi jeopardize US relations with the Saudis as oil prices may "go through the roof" if the partnership between the two nations breaks.

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