Markets

Markets Mnuchin in Beijing for crunch US-China trade talks
Author: 0 Mnuchin in Beijing for crunch US-China trade talks

If a deal is not reached by the beginning of next month then Washington is set to more than double tariffs on 200 billion dollars-worth of Chinese imports. Last week, Trump said that he would not meet Xi before the deadline, but further planning for a summit had not been reported. The South China Morning Post (SCMP) reports the latest comments from unnamed sources, as they cite that the Chinese President Xi Jinping will meet with the US Trade Representative Lighthizer and US Treasury ...

Markets South Bend Mayor Pete Buttigieg Endorses Green New Deal
Author: 0 South Bend Mayor Pete Buttigieg Endorses Green New Deal

The sartorial choices of the newly-elected congresswoman are often an object of Internet obsession, but we saw no evidence that her State of the Union outfit was any more outlandishly expensive than that of her colleagues. But Ocasio-Cortez isn't discouraged by any political divisions on the outline, saying at a press conference , "I will not allow our caucus to be divided up on silly notions, we are in this together".

Markets Huawei is Open to EU Supervision - says Executive in Speech
Author: 0 Huawei is Open to EU Supervision - says Executive in Speech

The law mandates any organisation and citizen to support and assist national intelligence in their investigations and to keep information related to such investigations. HCSEC provides security solutions for a range of products used throughout the UK's telecommunications industry. Ding strongly dismissed claims that the company's kit could be used for espionage, noting Huawei's commercial reputation would be destroyed if it was caught spying.

Markets Bezos tells of Enquirer threats to publish revealing pics
Author: 0 Bezos tells of Enquirer threats to publish revealing pics

The blog post marks the latest twist in a weeks-long saga that has brought the personal life of Mr Bezos , the richest person in the world, into the spotlight. As our own dear leader expounded upon at length on his podcast , Bezos is a grown ass man going through a divorce . "Rather than capitulate to extortion and blackmail, I've made a decision to publish exactly what they sent me, despite the personal cost and embarrassment they threaten".

Markets Oil slips on API report of US inventory rise
Author: 0 Oil slips on API report of US inventory rise

The impact of OPEC+'s supply curbs has been boosted by US sanctions on Venezuelan state-owned oil firm PDVSA. With fresh sanctions potentially looming, a flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest USA sanctions and others whose buyers are weighing who to pay, according to traders, shippers and Refinitiv Eikon data.

Markets Crypto Company Founder dies with Passwords to Investors' $190m, says Wife
Author: 0 Crypto Company Founder dies with Passwords to Investors' $190m, says Wife

Operators of Canada's biggest cryptoexchange are unable to access more than £100m in reserves after its founder died taking the passwords and recovery codes with him. And though Ms Robertson is still in possession of her husband's laptop, she said she did not know the password. Canada's leading cryptocurrency exchange company has said it can not repay $190m (£110m) to clients because its founder died with their passwords.

Markets Facebook's profit reached a record $6.9 billion last quarter
Author: 0 Facebook's profit reached a record $6.9 billion last quarter

Facebook COO Sheryl Sandberg in the earnings call underlined that Instagram Stories generated over 25 percent of new customer sales for Washington DC-based online custom picture frame maker Framebridge. The CFO did note the company is facing a deceleration of revenue growth in 2019. However, that also represents a 4 percentage point improvement from the third quarter.

Markets United States jobs surge leaves door open to rate rise this year
Author: 0 United States jobs surge leaves door open to rate rise this year

The numbers released Friday by the Department of Labor represent the largest monthly jobs increase in almost a year and continue a long running trend of 100 consecutive months of growth. In January, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.3 million and accounted for 19.3 percent of the unemployed.

Markets Theresa May To Head To Brussels To Try To Renegotiate Brexit Deal
Author: 0 Theresa May To Head To Brussels To Try To Renegotiate Brexit Deal

The EU has repeatedly said the agreement is not open for renegotiation, and it reiterated that point mere minutes after Tuesday's vote. "Yesterday, we found out what the United Kingdom doesn't want, but we still don't know what the United Kingdom does want", Tusk tweeted after the 45-minute call, which an official with knowledge of it described as "open and frank".

Author: 0 Amazon Revenues Climb 20 Percent to $72.4 Billion

Shares of the company fell 1.7 per cent to US$1,690 after the bell. The speedy Prime Now delivery service is live in more than 10,000 cities, Amazon said in its earnings report , and it now serves the majority of Prime members. "At some point, they're going to have to look for more sales opportunities outside of traditional retail, otherwise the law of large numbers is going to have a greater impact on future sales growth", said Tom Forte, managing director and senior research analyst at ...

Markets Red Cross talks to U.S. about risks of sending Venezuela aid
Author: 0 Red Cross talks to U.S. about risks of sending Venezuela aid

Russian Federation and China, among others, back Maduro, who has said National Assembly head Guaido's self-declared claim to the presidency is an attempted US -backed coup. The United States is also monitoring trade between its North Atlantic Treaty Organisation ally Turkey and Venezuela and will take action if it judges any sanctions have been violated, a senior USA official said in Istanbul.

Markets Oil falls less than 1%, as slowdown worries persist
Author: 0 Oil falls less than 1%, as slowdown worries persist

There's plenty of oil on the market, but traders are nervous. East Coast refineries have not imported Venezuelan crude since 2017, according the S&P report. Venezuelan output, like much of the crude pumped by OPEC, is heavier and contains more sulfur than grades produced elsewhere. The only countries that sent more crude to the United States were Canada, Saudi Arabia and Mexico.

Markets Trump meets with Chinese vice premier on trade
Author: 0 Trump meets with Chinese vice premier on trade

The Republican president set a high bar for any agreement in the current round of talks, writing on Twitter, "China's representatives and I are trying to do a complete deal leaving NOTHING unresolved on the table ". The White House did not immediately comment on the report. They're coming to the White House for a meeting with Trump on Thursday afternoon. The Chinese trade delegation began two days of negotiations with USA counterparts Wednesday.

Markets Apple opens new chapter as iPhone sales fall and stock sinks
Author: 0 Apple opens new chapter as iPhone sales fall and stock sinks

No, the sky isn't falling, but Apple's bottom line was hit hard by poor performance across its entire product line in China. The stock closed down one per cent on the Nasdaq at US$154.68 but climbed in extended trading. Tim Cook , Apple's chief executive, suggested that consumers outside of America could benefit from. It set it at between $55 billion and $59 billion, while analysts were looking for $59.98 billion.

Markets Government Shutdown Cut Into Economic Growth, CBO Says
Author: 0 Government Shutdown Cut Into Economic Growth, CBO Says

Former ICE Director Tom Homan and Fox News national security strategist Sebastian Gorka on House Speaker Nancy Pelosi's remarks about drugs crossing the southern border and how President Trump reached a deal to reopen the government without border wall funding.

Markets Truck driver wins $298 million lottery in United States
Author: 0 Truck driver wins $298 million lottery in United States

His was the third consecutive New Yorker to win a 2018 lottery drawing. Dave Johnson, a 56-year-old married father of three, opted for the lump sum payout of $180 million and will take home $114 million after taxes. The numbers on his ticket - 5, 25, 38, 52 and 67, with Powerball 24 - were an exact match. "He scanned it and said, 'Congratulations.' I needed to see it for myself, so I scanned and saw it read BIG WINNER", he said.

Markets Ohio Congress members speak out as shutdown ends
Author: 0 Ohio Congress members speak out as shutdown ends

Trump's decision to reopen the government came together in only 36 hours or so, White House aides said , and a key inflection point was a revolt Thursday among some Senate Republicans - in a closed-door luncheon where they confronted Vice President Mike Pence, and a subsequent vote where a half-dozen Republicans defied Trump to support an ultimately failed Democratic spending bill.

Markets Huawei announces record sales, 5G chip launch
Author: 0 Huawei announces record sales, 5G chip launch

Huawei fired the man, who has denied wrongdoing. Vodafone's Chief Executive Nick Read said on Friday that the Huawei debate was playing out at a "too simplistic level", adding that it was an important player in an equipment market dominated by three companies.

Markets Bing is back! Microsoft's search engine is no longer blocked in China
Author: 0 Bing is back! Microsoft's search engine is no longer blocked in China

Searches performed on Bing's China website at cn.bing.com from within mainland China on Wednesday directed users to a page saying the server could not be reached. Facebook attempted to set up an office in China previous year, but appears to have been blocked . Bing's disruption came as a surprise because the search engine has followed China's censorship rules.

Markets IMF, CEOs warn of slowing world economy on eve of Davos summit
Author: 0 IMF, CEOs warn of slowing world economy on eve of Davos summit

The IMF lowered its projection for Saudi Arabia´s gross domestic product growth this year to 1.8 percent, down from 2.4 percent in its October report. In 2020 Germany is expected to outpace Britain while France will grow at the same rate. China's economy faces deep and complicated changes, President Xi Jinping said on Monday.

Markets Yuan's drop aligns it with China's cooling economy, easier policy
Author: 0 Yuan's drop aligns it with China's cooling economy, easier policy

According to China's National Bureau of Statistics, the birth rate in 2018 was just shy of 11 per thousand, down from 12.43 per thousand the year prior. In a note released on Monday , economists from CIBC said while it is not expecting a recession in 2019, it expects "increasing trade barriers and tariffs to slow down global growth over the next 18 months, delaying our previously forecast 2020 recovery to 2021".

Markets Nissan and MMC 'confirm' Ghosn financial misconduct
Author: 0 Nissan and MMC 'confirm' Ghosn financial misconduct

It is also considering filing for damages related to 7 million euros ($7.98 million) in compensation paid previous year to Ghosn from a Dutch unit set up by Nissan and Mitsubishi Motors Corp, that person said condition of anonymity, adding that Nissan's internal investigation has confirmed that those payments were made without the knowledge of the unit's board.

Markets France launches $57m plan for no-deal Brexit
Author: 0 France launches $57m plan for no-deal Brexit

Doubts remained whether the Brexit Plan B Prime Minister Theresa May will present in Parliament on Monday will be different from the one that was voted down on Tuesday, but the focus has now shifted to the new deal, to be debated and put to vote on January 29.

Markets GM luxury brand Cadillac covers new ground with first fully electric vehicle
Author: 0 GM luxury brand Cadillac covers new ground with first fully electric vehicle

The automaker on Friday revealed plans to reposition the brand at the forefront of General Motors upcoming shift to electric propulsion. At the Detroit auto show on Monday, Cadillac showed its first electric-car concept, a largish mid-size SUV that looks likely to seat five passengers, though details from the company were scant.

Markets Shutdown bites U.S. economy hard
Author: 0 Shutdown bites U.S. economy hard

Trump says that if she wants to make her trip by flying commercial that would "certainly be your prerogative". JPMorgan's Jamie Dimon told reporters Tuesday that he expects US economic growth to slow to nothing this quarter if the government shutdown continues.

Markets Theresa May government survives no-confidence vote after historic Brexit defeat
Author: 0 Theresa May government survives no-confidence vote after historic Brexit defeat

May has no apparent intention of resigning, telling Parliament after the vote, "The House has spoken and this government will listen", and proposing talks between her party and the political opposition "to determine a way forward". But she also said any new Brexit plan must "deliver on the referendum result", which May has long interpreted to mean ending the free movement of workers to Britain from the EU and leaving the EU's single market and customs union.

Markets Rep. Ocasio-Cortez says to serve on financial services panel
Author: 0 Rep. Ocasio-Cortez says to serve on financial services panel

The powerful committee also oversees the USA housing market, insurance and global finance sectors, among other areas. 'Personally, I'm looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking.

Markets US backs Canada as China questions motivations in Schellenberg case
Author: 0 US backs Canada as China questions motivations in Schellenberg case

The Trudeau government is seeking clemency for a Canadian sentenced to death in China amid growing tensions between the two countries. Relations between Chin and Canada have been severely strained since early December when Canadian police arrested Meng Wanzhou, chief financial officer of Chinese telecommunications giant Huawei Technologies Co Ltd [HWT.UL], on a USA extradition warrant.

Markets Why did Trump foot bill for fast food feast?
Author: 0 Why did Trump foot bill for fast food feast?

The South Carolina team, which defeated the University of Alabama's Crimson Tide team by a score of 44 to 16 on January 7, was offered a candelabra-lit spread of hamburgers, fries and pizzas at the presidential residence. "So we went out and we ordered American fast food, paid for by me", Trump said. "Because the Democrats refuse to negotiate on border security, much of the residence staff at the White House is furloughed - so the President is personally paying for the event to be catered ...

Markets Passenger carries firearm through TSA screening onto Delta flight
Author: 0 Passenger carries firearm through TSA screening onto Delta flight

TSA said agency officials have "held those responsible [for the security breach] appropriately accountable". A Delta Air Lines passenger boarded a January 2 flight with a firearm, a Delta representative confirmed to Business Insider. Similar closures and so-called "sick outs" have struck other airports around the United States. Though the TSA has stated that it will compensate its employees with a day's pay in addition to a $500 bonus, many are instead deciding to submit their ...

Markets Triple-Lens iPhone 11, iPhone XR 2 Rumored to Launch This Fall
Author: 0 Triple-Lens iPhone 11, iPhone XR 2 Rumored to Launch This Fall

According to a report in The Wall Street Journal , Apple plans to release three new iPhones this year, two models with OLED displays and one model with an LCD display. Today's report follows an earlier investor note by Ming-Chi Kuo , in which he cut down shipment estimates for the iPhone. Mr Cook also acknowledged that consumers in other markets are not buying as numerous latest iPhones.

Markets United States says China has pledged to buy United States as tough issues remain
Author: 0 United States says China has pledged to buy United States as tough issues remain

A statement released by China's Commerce Ministry on Thursday morning said both sides carried out "wide, deep and thorough exchanges" on trade and structural issues of mutual concern. "Without some progress already made, there would not be an extension to the negotiations", he told NPR . They were the first face-to-face meetings since Chinese President Xi Jinping and US President Donald Trump brokered a 90-day ceasefire in trade hostilities in December.

Markets JLR and Ford prepare for mass job cuts
Author: 0 JLR and Ford prepare for mass job cuts

The 4,500 cuts come in addition to 1,500 employees laid off previous year, and represent 10 percent of the company's global workforce. Earlier this month it was reported United Kingdom new vehicle sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by the collapse in demand for diesel, as the industry body warned of the existential threat to the sector posed by Brexit .

Markets North Korea's Kim ends Beijing visit as Trump summit looms
Author: 0 North Korea's Kim ends Beijing visit as Trump summit looms

Experts think Kim's China trip was meant to discuss strategies with his closest ally ahead of a possible summit with Trump, adding that it also appears aimed at strengthening the North's negotiating leverage by demonstrating its strong ties with Beijing .

Markets Wall Street boosted by optimism over US-China trade talks
Author: 0 Wall Street boosted by optimism over US-China trade talks

The working level talks held at the Chinese Commerce Ministry were the first round of face-to-face discussions since both sides agreed to a 90-day truce in a trade war that has roiled worldwide markets. "As for whether the Chinese economy is good or not, I have already explained this". Hundreds of billions in levies. The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other's goods.

Markets Drone sighting grounds planes at Heathrow Airport
Author: 0 Drone sighting grounds planes at Heathrow Airport

Tuesday. "It is crucial that our plans maximise the benefits of expansion across the country, including for the communities closest to us", said Emma Gilthorpe, Heathrow's Executive Director for Expansion. Ministers are now exploring the use of military grade jammers and blocking systems to bring down rogue drones , such as the Israeli Drone Dome system reported to have been deployed at Gatwick.

Markets Airline says they will honor $16,000 tickets mistakenly sold at bargain price
Author: 0 Airline says they will honor $16,000 tickets mistakenly sold at bargain price

After this, Hong Kong Airlines Ltd had this mistake a year ago and sold economy seat for the price of for the price of Business class. Here's hoping for another "surprise" special for the rest of us. Cathay Pacific made a decision to honor the fares. Cathay Pacific did not immediately respond to INSIDER regarding how many tickets were sold at the discounted rate.

Markets Tesla cuts prices as 4Q deliveries miss analysts' estimates
Author: 0 Tesla cuts prices as 4Q deliveries miss analysts' estimates

All this and more on Green Car Reports . This number is comprised of 63,150 Model 3 (signifying a 13% growth over Q3), 13,500 Model S, and 14,050 Model X vehicles. Ives added that Tesla shares are "hypersensitive to any issue around Model 3" and that it will remain a stock that is "guilty until proven innocent" until it discloses quarterly earnings figures next year.

Markets
Author: 0 "Federal Reserve" is the only problem in U.S. economy, says Trump

The group, formed following the stock market crash of October 1987, is known more commonly as the "Plunge Protection Team" and met in 2009 in the latter stages of the financial crisis. But while the president has publicly expressed his disapproval of the Fed's policy - having previously told the Washington Post he was "not even a little bit happy with my selection of Jay" - Mnuchin on Saturday put to rest rumors of Powell's impending departure.

Markets New York City blue light: Residents baffled by mysterious glow
Author: 0 New York City blue light: Residents baffled by mysterious glow

Film producer Tariq Nasheed also bantered: 'Since there is an alien invasion in NYC right now, I'd like to refer some great discount offers on Airbnb rentals in Manhattan . Despite a fairly simple explanation for the unusual blue light, many thought that an alien invasion had finally arrived in New York City. By late Thursday, officials said the event was caused by nothing more than a transformer explosion.

Markets How major United States stock indexes fared Friday
Author: 0 How major United States stock indexes fared Friday

The benchmark S&P 500 index is now nearly 16 percent below the peak it reached in late September. Barring huge gains during the upcoming holiday period, this will be the worst December for stocks since 1931. Started the last day of the week on a positive note. And the S&P 500 shed 2.1%. The Dow also continued its week-long decline, closing at 22,445 after a wild spike that saw it shoot up 300 points before sinking below zero again.

Markets Apple Will Stop Selling iPhone 7 and 8 in Germany
Author: 0 Apple Will Stop Selling iPhone 7 and 8 in Germany

It asked for a billion dollars in compensation. Qualcomm has said iPhone models 6 to 10 are using the patents raised in the Munich case. It has been all-out warfare since. However, CNBC reported Apple saying its devices will still be available through carriers and resellers, but not Apple's 15 retail stores in Germany.

Markets US Stocks Open Higher on Bargain Hunting
Author: 0 US Stocks Open Higher on Bargain Hunting

The Russell 2000 is down 33.64 points, or 2.4 per cent. The Empire State Manufacturing Survey's headline general business conditions index, aggregated by the Federal Reserve Bank of NY, fell 12.4 points to 10.9 in December, weaker than analysts' expectations of around 20.6.

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