Money

Money Audio recording emerges of 'murder' of Saudi journalist
Author: 0 Audio recording emerges of 'murder' of Saudi journalist

A team of Turkish police spent more than nine hours in the consulate on October 15 and October 16 and the Associated Press reported that they found "certain evidence" about the killing of the prominent Saudi dissident. "Pompeo said the leadership "strongly denied any knowledge" of what happened in the consulate". The suspects' direct links to the Saudi establishment weakens the suggestion made by Trump that the hit could have been carried out by "rogue killers" in an unauthorised ...

Money Pompeo: Saudis promise nobody exempt in missing journalist probe
Author: 0 Pompeo: Saudis promise nobody exempt in missing journalist probe

US Secretary of State Mike Pompeo said on Wednesday that Saudi leaders have promised to ensure accountability over missing journalist Jamal Khashoggi , even as they denied any responsibility for his disappearance . "The one thing we really know as a solid fact is that Khashoggi went into the consulate and he was never seen coming out again", Colville said, adding that it seemed "very probable" that some crime had been committed.

Money IEA cuts oil demand forecasts but sees prices staying high
Author: 0 IEA cuts oil demand forecasts but sees prices staying high

Brent crude futures traded Friday afternoon at $80.67 per barrel, up from $57.17 per barrel on October 13, 2017. That means the world's three top producers, Russia , the United States and Saudi Arabia , now all churn out around 11 million bpd, meeting a third of global demand.

Money Iconic US retailer Sears files for Chapter 11 bankruptcy
Author: 0 Iconic US retailer Sears files for Chapter 11 bankruptcy

He remains chairman. The company has appointed restructuring expert Mohsin Meghji, managing partner of M-III Partners, as its chief restructuring officer. Lampert bought Sears in 2004 and merged it with Kmart, in which he had a controlling stake, the next year. The last decade and a half of Sears' existence has been defined by hedge fund manager Eddie Lampert's control of the company, and the complex financial engineering strategies he has used around its retail business and its real estate ...

Money Sears goes bankrupt, mired in debt and deserted by shoppers
Author: 0 Sears goes bankrupt, mired in debt and deserted by shoppers

However, the company now has too much debt and not enough shoppers. Sears faced even more competition from online sellers and appliance retailers like Lowe's and Home Depot. Only a handful of full Sears and Kmart stores remain in MI. He also called on the company to sell off $3.25 billion in real estate and assets. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of ...

Money Murdoch wants to replace Musk as chairman of Tesla
Author: 0 Murdoch wants to replace Musk as chairman of Tesla

But Elon Musk , denied this report by Tweeting on Twitter , "This is incorrect". Even if Musk decides to ignore this suggestion, Tesla will have to find a new chairperson to replace the billionaire, a condition of his settlement with the SEC.

Money Saudi Arabia rejects 'threats' after Trump comments on missing journalist
Author: 0 Saudi Arabia rejects 'threats' after Trump comments on missing journalist

Also, anti-Saudi sentiment in the US Congress could conceivably raise pressure to pass the so-called No Oil Producing and Exporting Cartels Act, which would end sovereign immunity shielding OPEC members from US legal action. We'll wait and see, but rest assured that when the president says we will take actions if we find out bad outcomes, he means it". Turkish officials claimed that the Saudi Journalist disappeared after entering his country's consulate, While Saudi officials have asserted ...

Money Oil slips as International Monetary Fund cuts outlook, Michael hits U.S. Gulf
Author: 0 Oil slips as International Monetary Fund cuts outlook, Michael hits U.S. Gulf

Companies turned off daily production of about 670,800 barrels of oil and 726 million cubic feet of gas by midday on Tuesday, according to the federal offshore regulator, the Bureau of Safety and Environmental Enforcement (BSEE). sanctions and kept an eye on Hurricane Michael, which closed some U.S. Gulf of Mexico oil output. It may lower fuel demand in the USA southeastern markets by 1 million barrels a day, according to Mizuho Securities.

Money Mega Millions Jackpot Soars To $654M With No Big Winner
Author: 0 Mega Millions Jackpot Soars To $654M With No Big Winner

The lump sum option for that jackpot pays $179.4 million. With the odds of hitting the jackpot at one in 302.6 million, it is no wonder. The top Mega Millions jackpots of all time are $656 million in 2012 and $648 million a year later. Friday's jackpot is likely to beat the third-highest total of $540 million from July 2016, depending on ticket sales. No winning lottery ticket was sold for the Mega Millions drawing Friday night, meaning the massive jackpot now soars to $654 million.

Money Fed's interest rate increases 'don't have to go as fast'
Author: 0 Fed's interest rate increases 'don't have to go as fast'

Now, if you discount the trade tension/global slowdown theory for this week's stock selloff - and I wouldn't do that, but let's say you did - then you've got to think that the market is fearing that the Fed will respond to inflationary signals with more hikes than investors previously expected, maybe enough to hurt corporate profits, or dim the US economy into recession, or at least shift capital flows into bond markets at the expense of equities.

Money President Trump taking 'serious look' at missing journalist
Author: 0 President Trump taking 'serious look' at missing journalist

The letter was written by Corker and Senator Bob Menendez (D-NJ) of the Foreign Relations Committee and Senators Lindsey Graham (R-SC) and Patrick Leahy (D-VT) of the Appropriations Subcommittee on State, Foreign Operations, and Related Programs.

Money USA stocks tumble for a second day
Author: 0 USA stocks tumble for a second day

The increase in yields from these bonds - which are parcels of USA government debt - can hurt stocks since they will provide competition for investors' cash. Over the years, Sears has closed hundreds of stores and sold several famous brands. The Nasdaq dropped more than 4% in the worst percentage decline since June 2016.

Money China's central bank cuts reserve ratio for some lenders
Author: 0 China's central bank cuts reserve ratio for some lenders

Spot yuan was on track for its lowest close in seven weeks against the U.S. dollar, as expectations of more easing measures by China , plus surging USA bond yields, put pressure on the Chinese currency. Foreigners dumped 9.7 billion yuan (S$1.94 billion) of A shares through exchange links with Hong Kong on Monday, just short of a record hit eight months ago, as mainland markets reopened after a week-long break.

Money Facebook friend request scam
Author: 0 Facebook friend request scam

Over the weekend, you might have seen a wave of panicked friends in your Facebook news feeds posting warnings: Their accounts were hacked, don't accept friend requests from their accounts. But if you do suspect your account has actually been cloned or hacked, all you need to do is a little reverse engineering. If it has, report the profile to Facebook.

Author: 0 U.S. Employment Rises Much Less Than Expected In September

There were fewer jobs, however, added to the USA economy in September than analysts expected. department figures showed about 134,000 new jobs for September - well below the 185,000 anticipated by experts. "The jobs report these days has become more about inflation than payrolls", and "the big picture should ease concerns about inflation", said Russell Price, a senior economist at Ameriprise Financial Inc.in Detroit.

Money US unemployment falls to 3.7 percent - lowest since 1969
Author: 0 US unemployment falls to 3.7 percent - lowest since 1969

The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labour market strength, which should continue to underpin economic growth. The Commerce Department also said August orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans, fell 0.9 percent instead of declining 0.5 percent as reported last month.

Money As BJP States Follow Centre in Cutting Fuel Prices, Kerala Refuses
Author: 0 As BJP States Follow Centre in Cutting Fuel Prices, Kerala Refuses

G Vinay Kumar, general secretary of Telangana Petroleum Dealers Association, said the fuel prices were more likely to see a dip from Thursday midnight. It had resisted the call for a reduction in excise duty since May when retail rates first shot up and then again from mid-August when fuel prices started moving up.

Money PM pledges compensation for dairy farmers to be hit by USMCA deal
Author: 0 PM pledges compensation for dairy farmers to be hit by USMCA deal

Details of the new agreement are still trickling out, and Brown said it's too early to say exactly what impact the new United States Mexico Canada Agreement ( USMCA ) will have overall. Supply management works in two ways. The Canadian supply management system provides quotas for the amount of milk each dairy farmer can produce, limiting overproduction in Canada that can lead to lower prices.

Money Apple, Amazon deny Bloomberg report on Chinese hardware attack
Author: 0 Apple, Amazon deny Bloomberg report on Chinese hardware attack

Is it Bloomberg and its 17 sources or is it Amazon , Apple , Supermicro , and Beijing? What did Amazon and Apple say? "Over the course of the past year, Bloomberg has contacted us multiple times with claims.of an alleged security incident at Apple", the company said in an emailed statement to Bloomberg .

Money Petrol, Diesel cheaper by Rs 5 from midnight
Author: 0 Petrol, Diesel cheaper by Rs 5 from midnight

In a press conference organised on Thursday afternoon, finance minister Arun Jaitley announced cuts in the Centre's excise duty on petrol and diesel by Rs 1.50 per litre while promising that the Central government would work towards effective relief of Rs 5 per litre.

Money Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why
Author: 0 Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why

Canada wanted the U.S.to drop the tariff - along with a 10 percent import tax on another construction-relate material, aluminum - as part of the new deal. Negotiators worked frantically ahead of a USA imposed midnight deadline to settle differences, with both sides making concessions to seal the deal.

Money Trump told Saudi King he wouldn’t last ‘2 weeks’ without United States support
Author: 0 Trump told Saudi King he wouldn’t last ‘2 weeks’ without United States support

The climb in oil prices comes even as Saudi Arabia reported, according to Reuters, that its oil production is near a record. Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russian Federation and Saudi Arabia had struck a private deal in September to pump more.

Money Tesco launches discount stores to counter Aldi and Lidl
Author: 0 Tesco launches discount stores to counter Aldi and Lidl

Customers will be able to compare details for themselves before long: in one location, yet to be revealed, there is set to be a Jack's and a Tesco side-by-side, Lewis said. Since muscling in on the United Kingdom grocery market five years ago, the incumbents have been powerless to halt the march of Aldi and Lidl as they have gobbled up market share at a dizzying rate.

Money Amazon Makes a Big Move on Minimum Wage
Author: 0 Amazon Makes a Big Move on Minimum Wage

The median pay for an Amazon employee past year was $28,446, according to government filings, which includes full-time, part-time and temporary workers. Neil Saunders, managing director of GlobalData Retail, said Tuesday that while Amazon's wage hike is a politically savvy move, it's also a change made out of economic necessity.

Money Senior Facebook executive apologises for data breach affecting 50 million users
Author: 0 Senior Facebook executive apologises for data breach affecting 50 million users

With Facebook's latest security breach, the senator from Virginia contended that Washington needs to do more to make sure that technology giants holding mass amounts of personal information take every measure possible to keep it safe. Facebook revealed Friday that hackers exploited a trio of software flaws to steal "access tokens", the equivalent of digital keys that enable people to automatically log back into the social network.

Money Canada, US and Mexico's make 'historic transaction' with new trade agreement
Author: 0 Canada, US and Mexico's make 'historic transaction' with new trade agreement

President Donald Trump said he plans to sign the updated version of NAFTA by the end of November , which will then be submitted to Congress for approval. Still, "I think he played a weak hand moderately well", he said. Last week, at the U.N., Trudeau tried to downplay what looked like a frosty exchange between the two leaders during a luncheon.

Money Elon Musk’s
Author: 0 Elon Musk’s "Funding Secured" Tweet Just Cost Him & Tesla $40 Million

The stock gained 16% on Aug. 2 after Musk apologized following Tesla's second-quarter earnings , and another 11% after his infamous going-private tweet Aug. Tesla will also pay a $20 million fine . The settlement requires that Tesla appoint two new independent directors and establish a committee of independent board members.

Money Elon Musk to Resign as Chair of Tesla Board but Remain CEO
Author: 0 Elon Musk to Resign as Chair of Tesla Board but Remain CEO

The $40 million in financial penalties "will be distributed to harmed investors under a court-approved process". Elon Musk told Tesla employees that the company was on the cusp of making money, hours after he and the carmaker reached a settlement with the USA that steps up oversight of the chief executive officer's communications of material information.

Money Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition
Author: 0 Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition

Though they have said President Donald Trump's trade policies pose a risk to the economy , central bankers are unlikely to be heavily critical, Swonk added. The Fed effectively placed its foot on the gas during the Great Recession, driving down rates to boost borrowing and pump more money into the economy.

Money Elon Musk Rejected Tesla SEC Settlement at Last Minute
Author: 0 Elon Musk Rejected Tesla SEC Settlement at Last Minute

Many have sent out an ill-advised tweet at least once in their lives, but Musk's joke about taking Tesla private at $420 a share could get him removed from the company. "The problem for investors is that an investment in Tesla is an investment in Elon Musk ", he said. Over the past 24 hours, Elon Musk has been the subject of heavy public spotlight thanks to a lawsuit that accuses the billionaire of defrauding stockholders with said Tweet.

Author: 0 Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

The comments also mark a new low in relations between the two leaders. United States producers actually sell more dairy product to Canada than they import, and the 300 percent tariff only applies to goods above the quota, which the USA does not meet, according to trade experts.

Author: 0 Fed raises rates for 3rd time this year with 1 more expected

The Federal Reserve signaled its confidence Wednesday in the USA economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to help manage growth and inflation.

Author: 0 Trump to OPEC: Pay for your own military protection

Global benchmark Brent fell 37 cents to $81.50 a barrel by 10:57 a.m. EDT (1457 GMT). On Tuesday, Brent oil hit $82 per barrel for the first time since 2014. "OPEC - and OPEC nations - are, as usual, ripping off the rest of the world ". OPEC and non-OPEC including Russia , Oman and Kazakhstan, met at the weekend to discuss a possible increase in crude output.

Money Brent oil jumps to four-year high near $81
Author: 0 Brent oil jumps to four-year high near $81

Brent crude may spike to above that level in the fourth quarter as the market doesn't have enough excess capacity to replace Iranian barrels, Mercuria co-founder Daniel Jaeggi said. "It is now increasingly evident, that in the face of producers reluctant to raise output, the market will be confronted with supply gaps in the next three-six months that it will need to resolve through higher oil prices", BNP Paribas oil strategist Harry Tchilinguirian told Reuters Global Oil Forum.

Money Instagram founders resign amid reports of tensions with Zuckerberg
Author: 0 Instagram founders resign amid reports of tensions with Zuckerberg

Krieger and Systrom founded Instagram in 2010; Facebook acquired the young photo-sharing platform for a whopping $715 million in 2012. "Our sense is the duo may have wanted to run Instagram more independently than their parent company wanted", said Scott Kessler , an analyst at the research firm CFRA .

Money Michael Kors Brings Versace On Board for 1.83 Billion Euros
Author: 0 Michael Kors Brings Versace On Board for 1.83 Billion Euros

Idol said in a statement . According to John: 'Versace's management team will continue to be led by Chief Executive Officer, Jonathan Akeroyd, who has been an instrumental partner to Donatella in driving growth and success for Versace worldwide.

Money China refused new trade consultations with U.S.
Author: 0 China refused new trade consultations with U.S.

Before that, it was also planned to send a delegation to the United States to prepare a visit for a high-ranking official. China has retaliated by hitting $60 billion in U.S. Earlier it was reported that China intends to introduce elevated duties on American items in $60 billion. This dispute, undoubtedly worries the markets and main stock exchanges such as that of London, due to the negative influence not only for those implicated, but for other parts of the Planet and other products, not ...

Money Donald Trump addresses UNGA in New York: Highlights
Author: 0 Donald Trump addresses UNGA in New York: Highlights

He said 'we are standing up for America and for the American people, and we are also standing up for the world'. One of Trump's early boasts drew unexpected laughter from the audience, though he laughed it off and went on to press his case.

Money XRP Price on the Rise
Author: 0 XRP Price on the Rise

What's more, the fundamental difference between xRapid and xCurrent could have a bearing on the price of XRP . PNC Bank , the ninth-largest bank in the U.S.by assets, is the latest institution to join Ripple's enterprise blockchain network RippleNet .

Money SiriusXM presses play on deal with Pandora Media
Author: 0 SiriusXM presses play on deal with Pandora Media

Acquiring Pandora (p) could help SiriusXM ( siri ) attract more digital users. Sirius XM acquired a stake in Pandora past year for US$ 480 million , giving the online-radio company a lifeline after upstarts such as Spotify Technology SA began luring away streaming-music subscribers.

Money Michael Kors could buy Versace in $2 billion deal
Author: 0 Michael Kors could buy Versace in $2 billion deal

Those iconic $2,000-a-pop Gianni Versace gold-colored jackets once worn only by Hollywood elites, including Michael Jackson, Paul McCartney and Madonna, may soon become more affordable. If the company is able to close on the Versace deal and the Coach deal, they will be on par to compete with LVMH. But word that a deal is close sent Kors shares down nearly 9 per cent to as low as US$66.33 in NY on Monday, the biggest intraday drop since May 30.

Money ABC boss Michelle Guthrie ousted from role as managing director
Author: 0 ABC boss Michelle Guthrie ousted from role as managing director

However he said political leaders did not pressure the ABC or have any involvement in its decision to sack Ms Guthrie. In response, Guthrie said she is devastated by the Board's decision to terminate her employment " despite no claim of wrongdoing on my part ".

Author: 0 OPEC, Russia Dash Hopes Of Higher Oil Production

Sunday's meeting appeared to leave unresolved a disagreement which flared up in June between Saudi Arabia and Iran over whether OPEC members are allowed to pump more oil to make up shortfalls elsewhere. "The reason Saudi Arabia didn't increase more is because all of our customers are receiving all of the barrels they want". The U.S. decision to re-impose sanctions on Iran is already forcing refiners to look elsewhere for supplies of the heavy, sour crudes supplied by the Islamic Republic.

Author: 0 Porsche to stop making diesel cars

He was quoted as saying the company wants to concentrate on "what we can do particularly well", citing high-performance gasoline models, hybrids and starting next year electric cars. Diesel cars over a certain age have been banned in parts of some German cities in a bid to cut pollution. The sports carmaker is also introducing its first all-electric vehicle next year- the Taycan, the manufacture of which the company says is totally carbon neutral.

Money Crude Oil Price Steady Following Inventory Report
Author: 0 Crude Oil Price Steady Following Inventory Report

Given the Kingdom's preference for Brent prices above $80/barrel, OPEC may not increase supply unless prices remain elevated. Net U.S. crude imports fell last week by 106,000 barrels per day. The price of oil is up 7 percent in the last month and almost 18 percent for 2018. Meanwhile, EIA reported that the estimated weekly USA crude oil production went up 100,000 to 11 million barrels per day during last week.

Money Oil edges up on supply concerns
Author: 0 Oil edges up on supply concerns

Also weighing on oil prices, USA drillers added two oil rigs in the week to December 1, bringing the total count up to 749, the highest since September, Baker Hughes energy services firm said on Friday. There are signs, however, that Saudi Arabian exports did not increase in July. Oil futures also drew support from geopolitical risk on Tuesday. Oil markets fell on Tuesday as the latest escalation in the Sino-U.S.

Money Aurora Cannabis CEO Booth says Coca-Cola would be a great partner
Author: 0 Aurora Cannabis CEO Booth says Coca-Cola would be a great partner

Coca-Cola said on Monday it is studying the use of a key ingredient in marijuana in "wellness beverages", as a growing number of mainstream companies develop cannabis-infused drinks. For example, Heineken's craft beer Lagunitas recently launched Hi-Fi Hops, a beer-flavoured sparkling water with THC and CBD. Coca-Cola has already been diversifying as consumption of soda continues to decline.