Finance

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.

Finance Alexa voice shoppers get early access to these Amazon Black Friday specials
Author: 0 Alexa voice shoppers get early access to these Amazon Black Friday specials

Arizonans' next best bet is JCPenney, which offers a 65 percent average Black Friday discount. Andy Mulcahy, Strategy and Insight Director at IMRG, the UK's industry association for online retail, said the event has impacted the way we shop in Britain: "Consumers are now delaying purchases because of Black Friday".

Finance Apple suppliers fall due to weak iPhone demand
Author: 0 Apple suppliers fall due to weak iPhone demand

Among other Apple suppliers, South Korea's LG Innotek Co., which gets about half its revenue from Apple, slid as much as 9.5 percent. Reprsenting 60% of Apple's revenues the latest iPhones are not selling at the same volume levels as in the past with suppliers now panicking as Companies such as Lumentum Holdings witnessing a 30% drop in share value due to cancelled orders.

Finance Alibaba's Singles Day beats Amazon Prime Day
Author: 0 Alibaba's Singles Day beats Amazon Prime Day

It crossed the $1 billion milestone in just 1 minute 25 seconds. The biggest spenders were from Shanghai, where this year's Singles' Day gala was held, followed by those in Beijing, Hangzhou and Guangzhou. The 10th edition of the Global Shopping Festival 11.11, which is also called "Double 11" event as it falls on November 11, kicked off on Saturday midnight providing huge discounts on goods ranging from diapers to mobile phones.

Finance Ed Rendell: Democrats, you've won the House -- Don't just investigate, legislate!
Author: 0 Ed Rendell: Democrats, you've won the House -- Don't just investigate, legislate!

He amplified that message with an advertisement linking Democrats and immigrants to violent crime, which aired on NBC on Sunday night. The GOP's grip on high-profile governorships in Georgia and Wisconsin were at risk as well. Democrats were always facing an uphill battle in the Senate this year because they were defending 26 seats, while just nine Republican seats were up for grabs.

Finance Lowe's to close 31 stores across Canada
Author: 0 Lowe's to close 31 stores across Canada

David Soberman, a University of Toronto professor specializing in marketing and retail, said Lowe's 2016 acquisition of Rona Inc.in a deal valued at $3.2 billion. Lowe's says it expects to close the impacted stores by the end of the company's 2018 financial year, February 1, 2019. Northbrook-based Hilco Merchant Services will help manage the store closing process.

Finance USA puts 'maximum pressure' on Iran as sanctions resume
Author: 0 USA puts 'maximum pressure' on Iran as sanctions resume

US Secretary of State Mike Pompeo called this "the toughest sanctions ever placed" against Iran. With new US sanctions on Iran just hours away, Secretary of State Mike Pompeo is warning that they'll really pack an economic punch. The US has been gradually re-imposing sanctions, but analysts say this latest round is by far the most significant. "We are in the war situation", he said.

Author: 0 Asian markets soar on hopes of end to US-China trade war

Trump imposed new tariffs on roughly half of Chinese imports this summer while Beijing fired back with tariffs on most U.S. products. President Trump has imposed tariffs on $250 billion worth of Chinese goods so far this year. Beijing has hit back with its own duties on United States imports. However, a senior Trump administration official on dismissed the report as untrue, a CNBC reporter said in a post on Twitter.

Finance RBI autonomy is ‘essential, accepted governance requirement’: Finance Ministry
Author: 0 RBI autonomy is ‘essential, accepted governance requirement’: Finance Ministry

RBI deputy governor Viral Acharya , pressing for independence of the central bank, said that lack of autonomy prevents it from regulating public sector lenders, the Times of India reported. "Extensive consultations on several issues take place between the government and the RBI from time to time". Regardless of the speculations in media, there are reasons to believe that government is very unlikely to go for the extreme step of invoking Section 7, which would add to its headaches in the ...

Finance Democrat gains in midterms may not be bad news for banks
Author: 0 Democrat gains in midterms may not be bad news for banks

Democrats are hoping that being unsettled will lead voters to search for a place to take out their angst, and they're banking on that place being a vote against Trump on Election Day. "He will also remind Floridians of the critical need to get out and vote for the GOP in the midterm elections". Obama will appear at a rally at the Ice Palace Film Studios in Miami on Friday.

Finance IBM to acquire open-source software firm Red Hat for $34B
Author: 0 IBM to acquire open-source software firm Red Hat for $34B

IBM has seen revenue decline by nearly a quarter since Rometty, 61, took the CEO role in 2012. Its 2013 acquisition of Softlayer gave the company a public cloud toehold, but all the growth in public cloud computing is coming from the big three USA providers, including the above-mentioned companies and Google Cloud.

Finance Man Who Broke His Hip Wins Mega Millions Lottery With Hospital Pool
Author: 0 Man Who Broke His Hip Wins Mega Millions Lottery With Hospital Pool

The next drawing will be held on Saturday at 11 p.m. EST. The lucky victor or winners hit a jackpot worth $1.54 billion in estimated annuity value (or $878 million in cash). 24. The patient was brought to the hospital after he'd been hurt trying to buy a lottery ticket, so the employees, while taking care of his injuries, also took care of getting him a ticket.

Finance Tesla Shares Rise on Q3 Profit Beat
Author: 0 Tesla Shares Rise on Q3 Profit Beat

Tesla chief executive Elon Musk said he expects the company to stay profitable from this point forward, and appeared to calm fears about his behavior, company debt, and snags ramping up production line efficiency. Orders for the company's Model 3 in Europe and China would be taken before the end of this year, Tesla said. The company on Wednesday posted a profit and positive cash flow , making good on pledges made by Musk earlier this year, as the company ramps up volume of its new sedan.

Finance China suggests Trump should ditch ‘tapped’ iPhones for Huawei
Author: 0 China suggests Trump should ditch ‘tapped’ iPhones for Huawei

Lastly, Hua recommended "they should stop using any modern communication equipment and cut off contact with the outside" if they want to ensure absolute security. Why it matters: Once again, Donald Trump is reportedly ignoring security protocols when it comes to using his mobile phones. "If there are concerns about Apple calls being listened-in on, then you can change to Huawei phones", Ms Hua said.

Finance Jamal Khashoggi murder was premeditated, Saudi prosecutor says
Author: 0 Jamal Khashoggi murder was premeditated, Saudi prosecutor says

World Wrestling Entertainment's upcoming event in Saudi Arabia will proceed as scheduled despite an global diplomatic crisis related to the Middle Eastern nation's purported role in the death of journalist Jamal Khashoggi . Turkish officials have told AP that investigators were looking into the possibility that the journalist's remains may have been hidden at those two locations.

Finance Mega Millions lottery ticket sales at
Author: 0 Mega Millions lottery ticket sales at "fever pitch" in Oklahoma

One person who bought a Mega Millions ticket at a store in Oak Forest for Friday's jackpot is now $1 million richer. So, in one single weekend, more than $ 1 billion will shoot out across America to its very luckiest citizens. If there is a victor on Tuesday they will be able to opt for an immediate cash payment of $904m (£692m), or receive the $1.6bn over 29 years. The numbers Friday night were 15, 23, 53, 65, 70 and Mega Ball 7.

Finance Oil slips below US$80 on rising US stockpiles
Author: 0 Oil slips below US$80 on rising US stockpiles

This was important because the two countries are the largest crude oil exporters in the world. United States refineries entering maintenance season, in which major plants go offline for four to six weeks, has also weighed on crude demand and prices.

Finance Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion
Author: 0 Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion

The odds of winning the jackpot are about one in 302 million but, with so many tickets being purchased, the likelihood of rollover becomes increasingly slim. If a player hits all six numbers to win the jackpot, they can opt for an immediate cash payment of £692 million ($90m) or receive the £1.26 billion ($1.6bn) prize over 29 years.

Finance Colbert mocks Trump for finally admitting journalist Jamal Khashoggi is likely dead
Author: 0 Colbert mocks Trump for finally admitting journalist Jamal Khashoggi is likely dead

President Trump said on "Trish Regan Primetime" that it "would be bad" if Saudi Arabia's leadership had any knowledge of Khashoggi's disappearance. Authorities widened the geographic focus of the search after tracking the routes and stops of cars that left the Saudi consulate and the consul's residence on October 2, the day Khashoggi was last seen, the senior officials said.

Finance Oil Prices Rising Ahead Of Iran Sanctions
Author: 0 Oil Prices Rising Ahead Of Iran Sanctions

The West Texas Intermediate for November delivery dropped 2.17 US dollars to settle at 69.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery lost 1.36 dollars to 80.05 dollars a barrel on the London ICE Futures Exchange.

Finance Check your tickets. Midlands store sells winning $50,000 Mega Millions ticket
Author: 0 Check your tickets. Midlands store sells winning $50,000 Mega Millions ticket

There wasn't a victor in Tuesday night's Mega Millions drawing . The cash option is usually favored by the winners. It will be the largest jackpot in the game's history and the second largest in the U.S. Virgin Islands. One of the tickets, sold in Texas, included an optional multiplier that increased the winnings to $5 million. The record lottery jackpot was a $1.6 billion Powerball prize won in January 2016.

Finance Saudis know they must act fast on Khashoggi probe, says Pompeo
Author: 0 Saudis know they must act fast on Khashoggi probe, says Pompeo

The report by Yeni Safak adds to the ever-increasing pressure on Saudi Arabia to explain what happened to Khashoggi , who vanished October 2 while visiting the consulate to pick up paperwork he needed to get married. The US has asked Turkey for a recording said to provide strong evidence that missing Saudi journalist Jamal Khashoggi was killed at the Saudi consulate in Istanbul.

Finance Mega Millions jackpot soars to $548 million ahead of Friday night drawing
Author: 0 Mega Millions jackpot soars to $548 million ahead of Friday night drawing

The odds of winning the Mega Millions jackpot are 302,575,350 to 1. Those winning tickets were sold in California, Colorado, Pennsylvania and Wisconsin. The $314 million ranks as the 24th-highest in the game's history and the 41st-highest combined jackpot ever i the U.S. But if you only match two white balls and don't match the yellow ball, you won't win anything.

Finance Turkish police finish search of Saudi consulate as Pompeo heads to Riyadh
Author: 0 Turkish police finish search of Saudi consulate as Pompeo heads to Riyadh

The Kingdom is said to be preparing a report that would admit that Khashoggi was killed as the result of an interrogation that went wrong, CNN reported , citing two unnamed sources. JPMorgan Chase CEO Jamie Dimon, KKR executive David Petraeus and Ford Motor Chairman Bill Ford have also said that they will not attend the Saudi event.

Finance Saudi government preparing to say Khashoggi was killed during interrogation gone wrong
Author: 0 Saudi government preparing to say Khashoggi was killed during interrogation gone wrong

Noticeably absent from discussions was the Saudi crown prince, Mohammed bin Salman, about whom Khashoggi wrote critically for the Washington Post and whose rise to power prompted the writer to go into a self-imposed exile in the US. Ms. Freeland would not discuss what Saudi Foreign Minister Adel al-Jubeir said in his conversation with her Monday. Alhadj said he didn't think the Khashoggi case would have much influence on American officials who retire and go to work for the Saudis, ...

Finance Jamal Khashoggi case: Saudis defy 'threats' over missing writer
Author: 0 Jamal Khashoggi case: Saudis defy 'threats' over missing writer

Khashoggi, a USA resident and Washington Post columnist critical of Saudi Arabia, disappeared on October 2 after entering the Saudi consulate in Istanbul . In protest of Khashoggi's disappearance, several US businesses leaders have pulled out of next week's Future Investment Initiative in Riyadh, dubbed "Davos in the Desert", after the annual meeting of world economic interests in Switzerland.

Finance China defies Trump tariffs, trade surplus soars
Author: 0 China defies Trump tariffs, trade surplus soars

The Chinese currency has been falling in value against the dollar in recent months, raising concerns that China is devaluing its currency as a way to make Chinese goods more competitive against US products. The central bank has tightened controls on currency trading to head off further declines. Mnuchin would not say what the report would reveal, but in the past Treasury has placed China on a watch-list but said it did not meet the requirements to be labeled a currency manipulator.

Finance Dow Down Over 1,000 Points Over Two-Day Span
Author: 0 Dow Down Over 1,000 Points Over Two-Day Span

US crude dropped 3 percent while Brent crude, the worldwide standard, dropped 3.4 percent. On Wednesday, President Donald Trump said the Fed "is making a mistake" with its campaign of rate increases. That decline came after the Dow's largest single-day drop in history, when it fell 1,175 points earlier that month. Shares in upscale jewellery retailer Tiffany & Co and perfume maker Estee Lauder both fell 7 percent after a warning from French luxury goods firm LVMH about softening demand ...

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