Finance

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.

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.

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