Markets

Gathering Storm? Anti-Pelosi Democrats United In Finding New Leadership...For Now

Republicans complained about the unpopularity of the GOP tax law they blamed for losses in NY and other key states, some attendees told reporters after the meeting. "We welcome Nancy Pelosi's support, but words are not enough". On the Democratic side, Pelosi remains she's confident she'll have enough support to win when voting gets underway after Thanksgiving, and challenged her opponents Wednesday to put forward an alternative candidate.

It’s official: Amazon names NYC, Northern Virginia as two sites for HQ2

Executives traveled across the United States - and to one Canadian city - to tour sites to find the company's next home. The behemoth announced that it will split " HQ2 " between New York City and Arlington , Virginia. An affordable housing crisis there prompted the city council to adopt a head tax on businesses in May, which Amazon helped overturn in a subsequent city council vote.

Tesla picks insider to replace Musk as chair after SEC row

Denholm, an independent director at Tesla since 2014, now serves as the chief financial officer of Telstra , Australia's biggest telecom company. Musk is being replaced as part of an SEC settlement for the CEO's infamous and expensive "funding secured" tweet. That alluded to shortsellers, investors who have bet that Tesla shares will fall and who are frequently the subject of Musk´s derision.

MI vote to legalize pot fires up investor momentum behind cannabis

MI voters said "Yes" to Proposal 1 , making the state the first in the Midwest to legalize recreational cannabis cultivation and use for those 21 years of age and older. Doctors can prescribe cannabis products for various symptoms, and patients can either buy it or grow it at home. The Associated Press has not called the race.

With eye on aid, Pakistan PM meets Chinese counterpart

Li said the former cricket star's visit would "further consolidate and develop the firm, enduring ties between our two countries". According to reports from Pakistan, the new bus service will be launched between Lahore in Pakistan and Kashgar in China via PaK on November 3.

Lottery boom in Arizona continues; another $1M ticket sold near Phoenix

It's not just a win for one or more ticket holders, but for SC as well, Cooper said. The jackpot for Powerball had climbed to $620 million by Wednesday afternoon. The lump sum cash payout is estimated at $US354.3 million. Sales reached almost $740 million during that time, lottery officials said. Rolfe Hughes, a Simpsonville resident, said he's driven passed the station a "million times", but he'd never bought a lottery ticket .

Numbers Drawn for $476-Million Powerball Jackpot

Reports indicate that almost 280 million tickets were purchased for the drawing. The current jackpot beats the previous record, a $1.586 billion jackpot for a Powerball drawing in 2016, said Seth Elkin, a spokesman for Mega Millions. Its jackpot rose on Friday to £360 million ($470m) from £329 million ($430m), with a lump sum value of £205 million ($268.6m). The $1.6 billion estimated jackpot would be the largest prize in USA history.

Trump Warns Mexico on Migrant Caravan, Threatens to Close Border

In a series of tweets , Trump blamed Democrats, leaders of Central American countries and "existing weak laws" for the influx. President Donald Trump threatened on Thursday to deploy the military and close the southern U.S. Image copyright Reuters Image caption A Honduran migrant, part of a caravan trying to reach the USA, and her daughter at a migrant shelter in Guatemala City Why are they leaving? "He's making a political calculation", Ebrard said, adding that migrants arriving ...

Turkish police search Saudi consul's home in Khashoggi probe

Many members of the US Congress, which has long had a testy relationship with ally Saudi Arabia , have issued strong criticism of the kingdom since Khashoggi's disappearance at the Saudi consulate in Istanbul on October 2. Local TV channels have broadcast what they said was footage of a vehicle exiting the consulate premises and parking at the residence two hours after Khashoggi disappeared.

Turkey says joint 'inspection' planned at Saudi Consulate

Trade in the forward currency market, used by banks to hedge investments, suggested some institutions were protecting themselves against the risk of capital outflows or US sanctions on Riyadh after the disappearance of Khashoggi, a prominent critic of Saudi authorities, in Istanbul .

Trump says Fed 'out of control' but keeps Powell

So they [the Federal Reserve board of governors] are always questioning, 'Is now the time for us to act?' Hindsight is 20/20, but they have to make policy today ". "Auto sales is another area we might expect to see some eventual slowing, as higher rates typically bite with a lag". At that time, the markets interpreted his comments to mean the Fed could become aggressive with the pace of its rate hikes this year and into next if it finds signs that inflation is heating up and threatening ...

Canada pipeline blast risks Washington natural gas shortage

To avoid an even more extensive shortage, the gas distribution system operator has asked customers that do have gas to turn down their thermostats and use their appliances that run on gas as little as possible. "We thought it might have been a train crash or a low-flying jet", he said. "There is a potential impact on Seattle and north of Seattle", Stout said.

EU official sees room for Brexit breakthrough next week

Asked by the BBC to offer her backing to Mrs May's plan, Ms McVey sidestepped the questions. Labour demands that Britain retain "the exact same" perks it now has within the EU's customs union and single market - something May's so-called Chequers plan does not meet and which the EU rules out since London chose to leave both.

Centre, BJP-ruled states cut fuel prices, Congress calls it panic reaction

Sources said the Centre has also urged the State governments to slash taxes on petrol and diesel which will is likely to further reduce the prices by at least Rs 5 per litre. The state will do so if the Centre bring the fuel prices down to the level when the Narendra Modi government assumed office in May 2014, Issac told the media here while reacting to Union Finance Minister Arun Jaitley's statement in this regard.

Amazon raises minimum wage for British and American staff

Doug Gurr, Amazon vice-president and UK Country Manager, said: "We're excited to announce we are raising our minimum wage for employees from November 1". Target is aiming to pay at least $15 to every employee by 2020. Amazon, which became the second company after Apple to cross $1 trillion in market value last month, now pays around $11 per hour.

Official says basis of Canada-US deal reached

But the president noted that the deal would need to be ratified by Congress, a step that could be complicated by the outcome of the fall congressional elections. Some analysts saw this trade agreement as a potential sign of the Trump administration's willingness to make trade deals, though prospects for an agreement with China aren't likely to be changed by this news.

Mexico trade deal text to exclude Canada, irritating USA lawmakers

One of the sources said Canada would take nothing for granted until Trump had signed off on the deal. Ottawa is also seeking assurances that the United States will not, after signing a new NAFTA deal, turn around and hit Canada with punitive auto tariffs.

Tesla faces a reckoning with CEO Elon Musk's job in jeopardy

A successful prosecution by the Securities and Exchange Commission (SEC ) could see Mr Musk being barred from holding an executive role within the company as well as fined. Based on the leak, it seems the program will be running throughout the next year or so; it's unclear when Tesla plans to enable the fully autonomous capability.

Michelle Guthrie Dumped As ABC Boss

Guthrie has been a divisive figure during her tenure as ABC boss. Ousted ABC managing director Michelle Guthrie has responded to her shock axing, saying she is " devastated " at the decision made by the national broadcaster's board of directors and is now considering her legal options.

Jet Airways flight makes emergency landing as 30 passengers suffer bleeding

The carrier said it has taken the cockpit crew off duty pending an investigation into the incident. The airline said it will arrange alternate flights for the passengers. The crew has been taken off duty and Aircraft Accident Investigation Bureau (AAIB) has started an investigation into the incident. The crew is being derostered.

Trump's $200 billion China threat wobbles European, hurts Asian stocks

The White House pledged to immediately pursue further tariffs on around $267 billion of Chinese imports if the country retaliates. China announced $60 billion in retaliatory measures on Tuesday, which included a 10 percent tariff on imported LNG from the United States .

Britain Confident Trump Will Stand Up to Putin

Speaking by telephone, Andrei Kuklin, head of the company, said, "Unfortunately I can not comment". Russian Deputy Foreign Minister Sergei Ryabkov called the sanctions as well as other USA steps over alleged hacking groundless and promised a response.

Elon Musk: This has been the most painful year of my career

Investors must have gotten unnerved. Musk's tweet caused a financial firestorm with Tesla shares immediately skyrocketing by nearly 11 per cent, although in the coming days they lost a good part of what they had gained and tanked further after Musk's interview with the NYT .

Why markets are anxious about suddenly cold Turkey

U.S. Treasury Secretary Steven Mnuchin assured President Donald Trump at a cabinet meeting that sanctions were ready to be put in place unless Brunson was freed. Referring to imprisoned pastor Andrew Brunson, Trump said "they have a great Christian pastor there, he's a very innocent man". Albayrak said there would be no concessions on fiscal discipline, adding: "We are targeting lowering inflation into the single digits as soon as possible".

Senior Chinese delegates to visit United States for trade war talks

The last official round of talks was in early June when the USA commerce secretary, Wilbur Ross , met Liu He in Beijing . While Mr Liu and Mr Ross had also been involved in the four previous rounds, US Treasury Secretary Steven Mnuchin's absence from the coming round rendered it a lower-level meeting.

Rupee slumps below 70 against U.S. dollar

Rupee hits a fresh lifetime low as EM currencies slide . Previously, the rupee had dropped 2.4 per cent or 148 paise in a single day in August 2013. dollar. India plans to raise 6.06 trillion rupees ($86.71 billion) in the current fiscal year ending in March 2019, to fund the fiscal deficit. "The dollar index has strengthened beyond 96 levels reflecting its safe-haven status due to a possible domino effect of the Turkey crisis on the other financial institutions".

China threatens new tariffs on $60bn worth of U.S. goods

Washington imposed 25 percent duties on $34 billion of Chinese goods on July 6. U.S. threats have escalated since, with the president saying he is ready to impose tariffs on all $500bn of Chinese imports. Beijing said the timing of the new tariffs would depend on whether the United States follows through on its threat. The Ministry threat came after Mr.

Trump plans emergency aid to farmers affected by his tariffs

Such a move comes after farmers across the country especially those of products like soybeans and apple have complained that the retaliatory tariffs have hit them very badly. House Speaker Paul Ryan Ryan offered Tuesday that he doesn't think "tariffs are the right answer". The plan, however, has already magnified objections among some Republicans that the tariffs amount to taxes on American consumers.

Business groups urge United States not to impose more tariffs on Chinese imports

Agriculture officials said the payments couldn't be calculated until after harvests come in. "It will rely in part on a Depression-era programme called the Commodity Credit Corporation , a division of the Agriculture Department that was created in 1933 to offer a financial backstop for farmers", it said.

GST Council Meet: Sanitary napkins exempted from tax

Sanitary napkins, which attract 12 per cent tax, and fortified milk, which was taxed at 18 per cent, have been exempt from the new indirect tax. The Goods and Services Tax Council on Saturday slashed rates on over 50 products in a move aimed at appealing to traders and the middle classes as Prime Minister Narendra Modi's government eyes next year's elections.

Trump threatens tariffs on all US$505 billion of Chinese imports

A top Federal Reserve official, meanwhile, warned the trade war could hurt the USA economy. The view that China and the euro area are manipulating their currencies contradicts the Treasury's own currency report , which found in April that no major US trade partner is gaming its exchange rate.

Trump to OPEC: 'Reduce pricing now!'

His latest was a reminder that the USA defends many OPEC members for "very little" money. Riyadh has the spare capacity to help meet any additional demand in the market, but has stopped short of saying it will immediately start adding the full two million barrels per day.

Amazon Prime Day Is Coming To Australia This Month!

This will be the fourth time that Amazon has held such an event, and this time around it will last a full day and half, giving Prime members plenty of time to sift through bargains. Second, use a site like CamelCamelCamel or a Chrome extension like Keepa . For this deal , it has cut the price from $229.99 to $129.99, which is the lowest price Amazon has ever had for the Echo Show .

Opec allies endorse 1 million bpd rise in oil output

Non-market issues like violence in Libya , sustained political issues in Venezuela , and future sanctions pressure on Iran raise questions about market balance. Oil prices rallied Friday, with USA crude futures up almost 6% for the week, as OPEC members agreed to raise output but by an amount that appears to be less than the market had anticipated.

Pioneer Sees Oil at $100 If There's No Supply Boost

The measure has helped rebalance the market in the past 18 months and lifted oil to around $73 per barrel from as low as $27 in 2016. Worldwide marker, Brent, traded above $100 a barrel for several years until 2014, dropping to nearly $26 in 2016 and then recovering to over $80 last month.

Trump Threatens Tariffs on $200B in Chinese Goods

Mr Trump added: "These tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced ". The blue chip CSI300 index fell 3.6 percent to 3,621.12. Spot gold dropped 0.3 percent to $1,274.66 an ounce. Meanwhile, the Commerce Department said building permits plunged by 4.6 percent to an annual rate of 1.301 million in May after falling by 0.9 percent to a revised rate of 1.364 million in ...

Bank card chaos hits Kildare as customers experience problems using bank cards

The credit card payment firm confirmed the service disruption in a statement, and said it is in the throes of establishing its cause. The company has said Visa transactions are not being processed due to a service disruption. She says that the outage has been coming in waves, so it is hard to know whether the cards will work or not. Score of people took to social media to vent their frustration after the problem began around lunchtime on Friday.

Trump pushes ahead with metals tariffs against EU, Canada and Mexico

European Commission President Jean-Claude Juncker also said the EU would respond with penalties of its own on US exports. "This is protectionism, pure and simple", Juncker said. French Finance Minister Bruno Le Maire told U.S. Commerce Secretary Wilbur Ross on Thursday that U.S. tariffs would be unjustified and risky for growth and free trade.

Unexpected airport arrival: Dog gives birth at Tampa International

Ellie's job is normally to service her owner, but on Friday, she was the center of attention outside a bar near the F gates. Eleanor Rigby, a golden retriever service dog, was about to board a plane to... "The Fire Department was a wonderful help They really were", added Van Atter. "That's the only little girl we have". So far, Ellie has delivered five boys.

Congress ZTE bills pressure Trump not to lift sanctions

At a regular foreign ministry briefing in Beijing, a government spokesman said that the joint China-US statement on economic and trade consultations issued at the weekend had covered the matter. China's trade surplus with the U.S. was a record $375 billion in 2017. Mr. Trump is frustrated that Mexico and Canada haven't rolled over for U.S. Trade Representative Robert Lighthizer's absurd demand that 40% of light vehicle content and 45% of pickup trucks be produced in "high-wage zones" with an ...

Malaysian opposition leader is freed and pardoned

He is prime minister-in-waiting but unlikely to take over quickly from Mr Mahathir. On Wednesday, Anwar called his release a victory for all Malaysians, regardless of race or religion, who stood by the principles of democracy and freedom.

Under Pressure, Uber Ends Forced Arbitration For Sexual Misconduct Allegations

They can "tell their story wherever and however they see fit", West said . Gilman also points out that that Uber chief legal officer Tony West has credentials from the Justice Department to add weight to the policy. The decision comes only two weeks after CNN concluded its investigation and reported its results, which discovered that at least 103 Uber drivers in the USA have been accused of sexually assaulting or abusing their passengers in the past four years.

Taiwan seeks 'correction' after Air Canada lists Taipei as part of China

According to social media site Weibo , the map printed on the Gap T-shirt, which is now being sold in Canada , did not show the Chinese claimed territories, forcing the retail giant to apologize. In January, websites as well as apps for Marriott were blocked for more than week after the hospitality company listed Hong Kong, Macau, Taiwan and Tibet as individual countries in both emails as well as apps.

California Makes Historic Decision to Incorporate Solar On All New Homes

The Energy Commission expects the effort to reduce greenhouse gas emissions by 1.4 million metric tons over three years. The rule takes effect on January 1, 2020, and will apply to any new single-family home, apartment building, or condo that is three stories or under.

Wisconsin Man Sets New Record After Eating 30000th Big Mac

The Wisconsin man celebrated his achievement at the McDonald's on Military Road in Fond Du Lac . If he really has eaten as many Big Macs as he has claimed to have done, it means he's consumed just under 17 million calories from McDonald's, according to INC .

Tesla drops in premarket after Musk lets loose on call

Bernstein analyst A.M. (Toni) Sacconaghi: So where specifically will you be in terms of capital requirement? " Boring , bonehead questions are not cool". "Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms". He stated that even after the company reaches 5,000 vehicles in production per week, and even if new sales dropped all the way to zero, it would take two years to satisfy existing demand.

Has Donald Trump Won the Nobel Peace Prize?

Trump was formally nominated for the 2019 Peace Prize by Republican members of the House on Wednesday. But the whispers are no doubt sweet music to the ears of the 71-year-old businessman, who assumed the presidency with no political, military or diplomatic experience, and whose thirst for recognition is firmly established.

Ford shifts gears, will stop making almost all its passenger auto

Ford's automotive revenue increased to $39 billion, exceeding the average projection for $37.2 billion in a Bloomberg survey. Ford had already announced that the new Fiesta ST would not be crossing the pond due to a lack of interest in the segment, but the main justification is, understandably, profit.

Facebook admits it didn't read terms of app that caused data breach

Net income attributable to Facebook shareholders rose in the first quarter to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier. When questioned by chairman Damian Collins, Mr Schroepfer said there was no "category-by-category opt-out" in terms of the kind of political advertising users were presented with, meaning they have no control over whether they're presented with adverts from particular campaigns or parties.

FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident

Investigators are continuing to work on the Southwest 737 that had an engine blow out in flight on Tuesday, killing 43-year-old Jennifer Riordan . The engine is built by CFM International, a partnership between General Electric and Safran Aircraft Engines, a French company.