Money

Money California's largest utility filing for bankruptcy over billions in fire liability claims
Author: 0 California's largest utility filing for bankruptcy over billions in fire liability claims

It said the bankruptcy filing, which saw shares plunge 48 percent on Monday, should not affect electric or natural gas service to its 16 million customers in California . "PG&E expects that the Chapter 11 process will, among other things, support the orderly, fair and expeditious resolution of its potential liabilities resulting from the 2017 and 2018 Northern California wildfires ", the utility stated in a press release.

Money United States wants Syria 'safe zone' to protect Turkey, Kurds: Pompeo
Author: 0 United States wants Syria 'safe zone' to protect Turkey, Kurds: Pompeo

On Sunday, CBS News "Face the Nation" moderator Margaret Brennan asked Pompeo directly whether Turkish President Recep Tayyip Erdogan had agreed not to attack America's allies in Syria. Turkey has been fighting a domestic Kurdish insurgency since the 1970s and considers Kurdish militias across the border in Syria to be terrorist organizations.

Money Detained Nissan's ex-chair Ghosn recovers from fever
Author: 0 Detained Nissan's ex-chair Ghosn recovers from fever

The three parties have already been indicted for understating Ghosn's income over a separate time period. The court rejected an appeal by Ghosn's lawyers for his release from detention, and on Thursday turned down another appeal. Renault, which is the biggest shareholder in Nissan, has refrained from removing Ghosn, instead appointing interim replacements. Jose Munoz, widely considered as a close ally to Ghosn and a possible successor to lead the automaking partnership between Nissan and ...

Money Rare penny found in Pittsfield in 1940s sells for $204,000 at auction
Author: 0 Rare penny found in Pittsfield in 1940s sells for $204,000 at auction

Lutes died in September a year ago, and the coin is now up for auction . One penny, in particular, is now dubbed the " most famous error coin" by Heritage Auctions , who is auctioning the penny. Ford representatives told Lutes the legend was false when he wrote, but by 1958, a 1943 copper penny sold for $40,000, the equivalent of over $350,000 today.

Money China retailers slash iPhone prices
Author: 0 China retailers slash iPhone prices

Last month, Bloomberg reported that the company was-and still is-facing a "fire drill" to boost sales from shareholders, which prompted Apple to aggressively release its discounted iPhone XR model in October, which runs about $300 less its regular model.

Money Lindsey Graham wants Trump to 'Build a wall NOW'
Author: 0 Lindsey Graham wants Trump to 'Build a wall NOW'

Pressure was mounting to find an escape hatch from the three-week impasse that has closed parts of the government, cutting scattered services and leaving hundreds of thousands of workers without pay. "The only emergency we have on the border right now is people seeking asylum". Officials have estimated that roughly one-quarter to one-third of the money, or $2.5 billion to $3 billion, could be available - less than the $5.7 billion Trump is seeking.

Money China trade negotiator likely to visit US
Author: 0 China trade negotiator likely to visit US

Brilliant has met with senior US trade officials over the course of the trade conflict, including US Trade Representative Robert Lighthizer, the lead negotiator of the current 90-day round of talks, which has set to conclude on March 1. China has also cut tariffs on USA cars, dialed back on an industrial development plan known as "Made in China 2025" and told its state refiners to buy more US oil.

Money Consumer Electronics Show Kicks Off in Las Vegas
Author: 0 Consumer Electronics Show Kicks Off in Las Vegas

But the firm's founder Lora Haddock claims the award was revoked. You see, we're doing something that has never been done before-we're making the world's first hands-free device for the holy grail of orgasms-the blended orgasm. Haddock fumed: "Putting aside for a moment the implication that women's sexual wellness products are somehow immoral or obscene - if we didn't fit their policy, how in the world did our application even get past the first round of vetting by CTA staff, let alone ...

Money Sears strikes last-minute deal to avoid shutting down
Author: 0 Sears strikes last-minute deal to avoid shutting down

It gives Sears a chance to survive, which appeared to be slipping way heading into the hearing. In making his bid for what remains of Sears, former CEO and billionaire investor Lampert stipulated any deal would put him and ESL ahead of other creditors down the line, and would be financed with more debt than cash.

Money China opposes United States provocation in its territorial waters: FM
Author: 0 China opposes United States provocation in its territorial waters: FM

The latest operation comes as U.S. and Chinese officials convened in Beijing to carry out the first trade talks since the meeting between Chinese President Xi Jinping and U.S. The trade war between Washington and Beijing has been going on for almost a year already, with the two countries slapping tariffs on $300 billion worth of each other's goods.

Money IRS won’t issue tax refunds during government shutdown
Author: 0 IRS won’t issue tax refunds during government shutdown

Your tax refund could be significantly delayed if the government shutdown continues. A notice on the door of the IRS Tax Assistance Center on N. Woodlawn in Wichita reads it will not reopen until the partial government shutdown ends. "A lot of people count on these refunds", Jeff Olsen, Tax Partner Berndt CPA, said. Don't let the government shutdown fool you: You still have to file your taxes.

Money Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade
Author: 0 Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade

Apple's surprise announcement added to concerns about the ability of USA companies, particularly its technology giants, to navigate an increasingly uncertain economy and a continuing trade war between the United States and China. The iPhone maker made a rare cut to its sales outlook Wednesday, blaming a bigger deceleration in emerging markets, especially China. If you look at our results, our shortfall is over 100 percent from iPhone and it's primarily in greater China.

Money Marriott breach included 5 million unencrypted passport numbers
Author: 0 Marriott breach included 5 million unencrypted passport numbers

The data stolen included passport numbers, emails, dates of birth, gender and mailing addresses. The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it. Marriott now says it has identified approximately 383 million records as the "upper limit for the total number of guest records that were involved". They go on to say that there is no evidence that the third-parties had access to the key to decrypt these payment cards.

Money Massive tuna nets $3.1 million at Japan auction
Author: 0 Massive tuna nets $3.1 million at Japan auction

Sushi entrepreneur Kiyoshi Kimura paid the top price, which doubled the previous record of 155 million paid in 2013. Last year's auction was the last at Tsukiji before the market shifted to a new facility on a former gas plant site on Tokyo Bay.

Money Apple plunges most in nearly six years on IPhone slump
Author: 0 Apple plunges most in nearly six years on IPhone slump

President Donald Trump said he isn't concerned that Apple Inc . has warned sales will fall short of expectations because of the trade war with China, an announcement that provoked a sell-off in the USA stock market. Later in the missive, however, Steve Jobs former right-hand man would admit that the iPhone has also fallen short of expectations, both in its emerging and established markets around the world.

Money Tesla produced a record 86,555 vehicles in Q4 2018
Author: 0 Tesla produced a record 86,555 vehicles in Q4 2018

But the price cut of $2,000 on the model took the market by surprise and weighed on the stock, pushing it down 9.4% in morning trade on a broadly weaker day for USA markets. Tesla said that based on its own compilation of analysts' forecasts, its delivery numbers were in line with market expectations. In 2018, we delivered a total of 245,240 vehicles: 145,846 Model 3 and 99,394 Model S and X.

Money Winning Numbers Drawn For $425 Million Mega Millions Jackpot
Author: 0 Winning Numbers Drawn For $425 Million Mega Millions Jackpot

If the victor decides to take the cash option, that's still $261.8 million. The New Year's Day Mega Millions jackpot has reached $415 million. The winning numbers were 34,44, 57, 62, 70 with Mega Ball 14 and a 4x Megaplier. More than 92,900 other Pennsylvania Lottery Mega Millions tickets won prizes of various amounts. That was back in 2008 when a victor in Texas took home $33 million.

Money Xi Jinping calls for self-reliance amid change unseen in 100 years
Author: 0 Xi Jinping calls for self-reliance amid change unseen in 100 years

But even with Monday's boost, the three indexes ended in the red. Most Asian markets likewise lost ground in 2018. Most other markets were closed for the New Year holiday. Of the 11 major sectors in the S&P 500 , nine were in positive territory. "At the end of 90 days , these tariffs will be raised. if we don't get a satisfactory solution", U.S.

Money Six hurt in airbridge collapse at U.S. airport
Author: 0 Six hurt in airbridge collapse at U.S. airport

The seven people were taken with injuries that were not life-threatening to local hospitals, and the rest of the passengers deplaned via the stairs. "While medical personnel were assisting that passenger outside the aircraft, the airport-owned passenger loading bridge experienced a failure", the spokesperson said.

Money Origin of virus that hobbled U.S. newspapers still unclear
Author: 0 Origin of virus that hobbled U.S. newspapers still unclear

Representatives of the Federal Bureau of Investigation were not immediately available for comment. "This issue has affected the timeliness and in some cases the completeness of our printed newspapers", Tribune Publishing spokeswoman Marisa Kollias said in a statement published by the Chicago Tribune .

Money Lampert's hedge fund says bid submitted to save Sears
Author: 0 Lampert's hedge fund says bid submitted to save Sears

When Sears filed for bankruptcy on October 15, it was still operating a little under 700 stores. Any bid to purchase it must be approved by a bankruptcy court. Lampert bought Sears and merged it with Kmart in 2005 to form Sears Holdings . One was a joint bid from Tiger Capital Group LLC and Great American Group LLC, and another came from the team of Gordon Brothers Retail Partners LLC and Hilco Global Merchant Resources LLC, the Journal said.

Money Texas to get $47 million share of Wells Fargo settlement
Author: 0 Texas to get $47 million share of Wells Fargo settlement

The attorney general's office stated that Wells Fargo entered into the settlement over alleged unfair and deceptive trade practices. "I think that this is an important precedent for state attorney generals in enforcing consumer laws and other laws against national banks".

Money Amazon Alexa went down on Christmas Day: Details here
Author: 0 Amazon Alexa went down on Christmas Day: Details here

The last Prime Now order was delivered on Christmas Eve at 11:30 p.m., just in time for Santas arrival. "This season was our best yet, and we look forward to continuing to bring our customers what they want, in ways most convenient for them in 2019", said Jeff Wilke, CEO Worldwide Consumer.

Money Dow Rallies 1,000 Points, Scoring Biggest One-Day Gain in History
Author: 0 Dow Rallies 1,000 Points, Scoring Biggest One-Day Gain in History

Read the full story at CNBC . Asian and European stock benchmarks also fell. The Dow soared more than 1,000 points - its biggest one-day point spike ever - for a gain of more than 4%, to 22,813.56, while the S&P 500-stock index rose almost 3 percent and the tech-heavy Nasdaq jumped 4 percent.

Money Sears closing 80 more stores -- 2 in MI
Author: 0 Sears closing 80 more stores -- 2 in MI

Sears is closing 80 more stores as it teeters on the brink of liquidation. Sears is an original anchor tenant at the Mall of America, where its three-level store opened in 1992. The company also has a lot riding on its holiday season sales, which Sears indicated are not going as well as it had hoped. Potential buyers have until today to bid for the company's assets, including 500 Sears and Kmart stores in addition to the Kenmore appliance brand, according to a CNN report .

Money Powell '100% safe' at Fed, says Trump's aide
Author: 0 Powell '100% safe' at Fed, says Trump's aide

President Donald Trump on Christmas Day hailed US companies as " the greatest in the world ", adding that they present a " tremendous opportunity to buy " for investors . and J.P. Morgan Chase & Co., which was blamed in part for the worst-ever Christmas Eve session of trading on Wall Street. With stocks on track for their worst December since the Great Depression, Mr Trump has regularly berated the Fed for its stewardship of the economy.

Money Japan's Nikkei Slips To Bear Market
Author: 0 Japan's Nikkei Slips To Bear Market

The tumult in Washington added to the troubles of investors, who have seen equities worldwide tumble on concerns about a slowing US economy, the pace of the Fed's rate hikes and the ongoing trade war. So I think it's a tremendous opportunity to buy. Demand for the safety of government bonds increased as investors have grown increasingly nervous about the political outlook in the United States in addition to concerns about a global economic slowdown.

Money Wall St roars back to life in best session in 9 years
Author: 0 Wall St roars back to life in best session in 9 years

The Dow Jones is approximately 500 points away from tumbling into a bear market. Goldman Sachs declined 1.9 percent to $159.82 as the yield on the 10-year Treasury fell to 2.76 percent from 2.79 percent late Wednesday. Trump expressed confidence in Mnuchin on Tuesday. The partial government shutdown that began over the weekend has weighed on the market. The bank executives assured the Mnuchin that "they have ample liquidity available for lending to consumer, business markets, and all ...

Money Tesla's Market Potential Looks 'Very Strong' in 2019, Analyst Says
Author: 0 Tesla's Market Potential Looks 'Very Strong' in 2019, Analyst Says

Earlier this month, Tesla cut prices on its Model S and Model X after China's finance ministry said it would suspend additional tariffs on US-made vehicles and auto parts for three months beginning in January, lowering the cost of importing US-produced Tesla cars into China for sale.

Money Christmas night Mega Millions numbers
Author: 0 Christmas night Mega Millions numbers

Mega Millions winning numbers: Are you the lucky victor? "Each state uses its unclaimed lottery prizes for different purposes", the Mega Millions' website explains. According to the Mega Millions your overall chances of winning a prize are 1 in 24. Monte said he only plays Mega Millions and thought he had won $40,000 from the drawing, but he won $4 million.

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

Crude was also caught up on the general risk-off market sentiment as the USA government shutdown , rising interest rates and the trade war between the us and China rocked the markets and exacerbated concerns over global growth. U.S. crude futures settled at $42.53 a barrel, down $3.06, or 6.7 per cent. Brent crude futures settled down $3.35, or 6.2 per cent, at $50.47 a barrel.

Money Brent crude edges up, but concern over demand limits gains
Author: 0 Brent crude edges up, but concern over demand limits gains

The drops are the latest in a series of big steps down for crude, falling from October 3 Brent prices of $86.29/bbl, while WTI was at $76.24/bbl. Investors flock to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and stocks.

Money All the Stores Opened and Closed on Christmas 2018
Author: 0 All the Stores Opened and Closed on Christmas 2018

Beer Stores will close at 6 p.m. on Christmas Eve , and will also be closed on Christmas Day . The Eaton Centre will open from 10 a.m.to 9:30 p.m. For many people Target is a top destination for holiday shopping, and with so many stores selling groceries these days it's also a place to buy items for holiday meals.

Money Lidl Christmas 2018 and New Year's shopping opening hours
Author: 0 Lidl Christmas 2018 and New Year's shopping opening hours

Like the mall, both Walmart locations will close early at 6 p.m. on December 24. "Having made their lists and checked them twice, holiday shoppers have been out in full force these last few weeks, but many are still waiting to complete their shopping this weekend", NRF president and CEO Matthew Shay said.

Money What's open and closed on Christmas 2018
Author: 0 What's open and closed on Christmas 2018

Most Sainsbury's stores will then open at 7am on New Year's Eve but then close at 9pm or 10pm. Stores at the Palm Beach Outlet Mall have increased staff to keep up with the demand, along with implementing extended holiday hours. Five Below: Closing at 6:00 p.m. The LCBO is closed both Christmas Day and Boxing Day . To find the specific store hours near you on Christmas Eve , visit Publix's store locator here.

Money Windstorm that swept BC south coast among 'most severe' in years: Hydro
Author: 0 Windstorm that swept BC south coast among 'most severe' in years: Hydro

Most of the damage to power lines, power poles and transformers was on Vancouver Island, where a total of about 55,000 homes are still without power. "Due to the extent of the damage, many customers will be without power throughout the day and for some customers it could be a couple of days", BC Hydro said in a written statement on Saturday morning.

Money Investigation shows outbreak of Salmonella illnesses linked to raw turkey and chicken
Author: 0 Investigation shows outbreak of Salmonella illnesses linked to raw turkey and chicken

Based on the continuing investigation, additional product from other companies may also be recalled. The products were made between October 22, 2018 and October 23, 2018, the agency stated. Announcing this recall on the Friday evening four days before Christmas recalls the way the pre-Thanksgiving recall got expanded from 91,388 pounds to 147,276 , but the USDA didn't put an "Editor's Note" on the recall notice pointing this out until the night before Thanksgiving.

Money Facebook Reportedly Developing Its Own Cryptocurrency
Author: 0 Facebook Reportedly Developing Its Own Cryptocurrency

The social network is reportedly developing a digital currency that will let users transfer money on its WhatsApp messaging service, according to a report Friday from Bloomberg . Facebook's entry into the market is seen as a sign by a lot of people involved in the cryptocurrency space to push digital assets into the mainstream realm in 2019.

Money Ghosn rearrested for allegedly shifting $17M personal losses to Nissan
Author: 0 Ghosn rearrested for allegedly shifting $17M personal losses to Nissan

Ghosn and Kelly were indicted in Japan last week on allegations the auto titan under-reported his income at Nissan over a number of years. The arrest has heightened tensions between Nissan and Renault , casting doubt over the viability of their alliance and highlighting the rift between the French and Japanese manufacturers over their respective powers within each others' boardrooms.

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

The broad-based S&P dropped 1.5 per cent to 2,506.87, while the tech-rich Nasdaq Composite Index sank 2.2 per cent to 6,635.48. However, selling set in by afternoon with some of the major technology firms - that led the market's rally earlier this year - experiencing some of the most bruising falls.

Money How a potential government shutdown could affect holiday plans
Author: 0 How a potential government shutdown could affect holiday plans

The discord could impact nine of 15 Cabinet-level departments and numerous agencies and affect 800,000 government workers, The Associated Press reported . "I am in the White House, working hard", tweeted the president, who canceled his Florida holiday getaway to his club Mar-a-Lago due to the shutdown.

Money Tax Regulator Rules Out Coercive Action In Angel Tax Issue
Author: 0 Tax Regulator Rules Out Coercive Action In Angel Tax Issue

The angel tax has reportedly deterred angel investors from infusing funds into startups for fear of losing a significant chunk of their investment to the taxman. The committee to be set up with members from institutions like IITs and IIMs will make recommendations on issues relating to recognition of startups for exemption from share premium tax and "other connected matters".

Money Ford recalling over 400,000 pickup trucks due to fire risk
Author: 0 Ford recalling over 400,000 pickup trucks due to fire risk

If this connector corrodes, it may trip a circuit when plugged into a local electrical outlet. 2017-19 Super Duty vehicles built at Ford's OH assembly plant between February 5, 2016, and November 17, 2018, and at its Kentucky truck plant between October 8, 2015, and November 17, 2018.

Money Markets Right Now: Stocks plunge again, Dow sinks 464 points
Author: 0 Markets Right Now: Stocks plunge again, Dow sinks 464 points

The central bank also emphasized that future rate increases will depend on the strength of the US economy. They clearly wanted more from the Fed and its chairman, Jerome Powell, even though their policy action and projections fell in line with most economists' expectations.

Money Arrests Made in Morocco Tourist Murders Linked to Terrorists
Author: 0 Arrests Made in Morocco Tourist Murders Linked to Terrorists

Friends of Ms Jespersen's family have been pleading with social media users not to watch the footage, which is still available online. Investigations by Morocco's Central Bureau for Judicial Investigation also showed that the video was made last week before the killing of the two women.

Money Florida man starts GoFundMe campaign for Trump's border wall
Author: 0 Florida man starts GoFundMe campaign for Trump's border wall

It's been two years since Donald Trump won the presidential election after repeatedly promising to build a wall on the US-Mexico border. It's raised more than $6 million in three days. So far, the border wall fundraiser still sits well above funds for the March For Our Lives and even the Tree of Life Synagogue victims' fund. Kolfage wrote on his fundraising page that if every Trump voter donates $80 to his wall-building campaign, they will raise $5 billion needed to build the border wall.

Money Huawei defends practices amid Western security fears
Author: 0 Huawei defends practices amid Western security fears

Hu said Meng's arrest has had no impact on the travel of the company's senior executives. The reproduction of the story/photograph in any form will be liable for legal action. "At the same time, since we're working together with hundreds of telecom operators in the world, and also, we are serving a significant number of enterprise customers, so we look at the full lifecycle support that is needed and build up our stock of spare parts and components to ensure support across the product ...

Money How major US stock indexes fared Tuesday
Author: 0 How major US stock indexes fared Tuesday

US crude fell to its lowest price since August 2017 Tuesday and is now down almost 40 percent since early October. The rate helps set borrowing costs for various types of loans, and higher rates can slow economic growth and make stocks look relatively less attractive.

Money Won’t let United States see missile at heart of nuclear dispute, says Russian Federation
Author: 0 Won’t let United States see missile at heart of nuclear dispute, says Russian Federation

Putin also noted that the U.S. appears to show little interest in extending the New START nuclear arms reduction treaty, which expires in 2021. Washington has threatened to pull out of the 1987 Intermediate-range Nuclear Forces Treaty (INF), alleging that the new Russian missile, the Novator 9M729 (called SSC-8 by NATO), violates the pact, which bans either side from stationing short and intermediate-range, land-based missiles in Europe.