Money

Money China pledges 'tremendous' U.S. soy purchases
Author: 0 China pledges 'tremendous' U.S. soy purchases

He stressed however, that no decision would be made until he met his counterpart President Xi "to discuss and agree on some of the long-standing and more hard points". China has retaliated with tariffs of its own, but has suspended some and is allowing some purchases of USA soybeans during the talks. Chinese officials have said their policies do not coerce technology transfers.

Money Fed signals it has no plans to raise rates
Author: 0 Fed signals it has no plans to raise rates

And it's good news for investors in risk assets. While the Fed said continued USA economic and job growth were still "the most likely outcomes", it removed language from its December policy statement that risks to the outlook were "roughly balanced" and struck language that projected "some further" rate hikes would be appropriate in 2019.

Money Maduro offers to negotiate with opposition amid Venezuela crisis
Author: 0 Maduro offers to negotiate with opposition amid Venezuela crisis

France, the United States, and a host of Latin American countries have recognised him as the country's legitimate leader, however, Maduro still has the key support of the country's military. "I won 68 percent of the vote", he told RIA. Abrams also said Wednesday that the United States is looking around the world for more assets of the Venezuelan government, including bank accounts and gold holdings.

Money White House warns against 'harm' to Venezuela opposition leader Guaido
Author: 0 White House warns against 'harm' to Venezuela opposition leader Guaido

President Donald Trump . The United States said Tuesday that it has handed control of Venezuela's bank accounts in the United States to Juan Guaido , the opposition leader whom Washington has recognized as interim president. Kremlin spokesman Dmitry Peskov said the Kremlin shares the view of the Venezuelan government that the sanctions are "illegal" and sees them as a tool of unfair competition on part of the United States.

Money United Kingdom preparing 'state of emergency' in case of No Deal Brexit disorder
Author: 0 United Kingdom preparing 'state of emergency' in case of No Deal Brexit disorder

The amendment calls for the backstop to be replaced with unspecified "alternative arrangements" to avoid the reintroduction of border checks in Ireland , and said Parliament would support Mrs May's Brexit deal if this change were made. Parliament has expressed a desire to stop no-deal - but I am concerned that without legislation in place its probability has increased. British stocks jumped Tuesday and the pound was firmer ahead of the votes.

Money Apple iPhone sales in 'disappointing' fall
Author: 0 Apple iPhone sales in 'disappointing' fall

Services gross margin hit 63 percent. The company's shares rose 6 percent to $163.50 in after-hours trading. It blamed China's economy and its discounted iPhone battery replacement program for the lack of smartphone upgrades in 2019. Apple said it expects revenue between $US55 billion and $US59 billion for the current quarter ending in March, largely below analysts' average estimate of $US58.83 billion, according to IBES data from Refinitiv.

Money Huawei: US charges Chinese telecoms giant with stealing trade secrets
Author: 0 Huawei: US charges Chinese telecoms giant with stealing trade secrets

Justice Department has unsealed a 13-count indictment against the world's largest telecommunications equipment manager. Senior officials of the Trump administration gathered at the Department of Justice in Washington to announce criminal indictments against Huawei, the largest Chinese smartphone maker; its U.S.

Money Australia backs Venezuela's opposition leader Juan Guaido as interim president
Author: 0 Australia backs Venezuela's opposition leader Juan Guaido as interim president

Washington has threatened to intervene if any threats are made against American diplomats or Guaido, with President Trump's National Security Adviser John Bolton warning any such actions will be met with "a significant response". Jose Luis Silva, in ditching support for Maduro and recognizing Guaido. At the same time, Maduro - flanked by his top brass - watched military exercises in a display that, he said, showed the world he had the backing of the armed forces which were ready to defend ...

Money Mulvaney says Trump will use executive authority if Congress won't fund wall
Author: 0 Mulvaney says Trump will use executive authority if Congress won't fund wall

The Trump administration asked federal department heads to reopen offices in a "prompt and orderly manner" and said furloughed employees can return to work. "But I think what we simply do", he added, "is go to the Democrats and say , 'Look, are you telling the people the truth?" "We really have no choice but to build a powerful wall or steel barrier".

Money Microsoft's Bing search engine inaccessible in China
Author: 0 Microsoft's Bing search engine inaccessible in China

It is not clear exactly why Bing.com has been blocked, though China's state-owned telecom China Unicom has confirmed that the order to ban Bing.com came from the Chinese government. Twitter is blocked, but it has an office in the country, due to the fact that many Chinese use the service overseas. With this, the Redmond, Washington based company has joined the list of US-based tech giant being prohibited from operating in the country.

Money Venezuela oil woes add urgency to Canada's pipeline, rail plans
Author: 0 Venezuela oil woes add urgency to Canada's pipeline, rail plans

However, traders somewhat weighed down this scenario against the backdrop of the solid performance in U.S. oil output, which should be more than enough to offset occasional supply disruptions. Venezuela holds the group's rotating presidency this year, which means the nation's oil minister and PDVSA president Manuel Quevedo is OPEC's sitting president for 2019.

Money Oil climbs on Venezuelan crisis despite surging US supply
Author: 0 Oil climbs on Venezuelan crisis despite surging US supply

This week, things got worse. He had declared himself interim president, prompting socialist Nicolas Maduro, the country's leader since 2013, to break relations with the United States. refineries have already always been adjusting to, said John Auers, executive vice president of the refining consultancy Turner, Mason & Company. So far the response by WTI and Brent crude oil traders has been on the light but firm side.

Money Mexico says willing to mediate in Venezuela political crisis
Author: 0 Mexico says willing to mediate in Venezuela political crisis

Defense Minister Vladimir Padrino, a general, declared the 56-year-old Maduro "the legitimate president" on Thursday and vowed to defend his authority against an attempted "coup d'etat". Maduro, in a fiery speech on Wednesday, said he was cutting off diplomatic relations with the United States for instigating a "coup" against him. Russia's Foreign Ministry warned the United States against any military intervention, saying such a move would have "catastrophic" consequences.

Money How flight delays in the Northeast are affecting DFW Airport
Author: 0 How flight delays in the Northeast are affecting DFW Airport

At least five flights from New York-area airports to Jacksonville Interntional Airport showed delays. "Southwest is now monitoring today's (air traffic control) programs, and we are experiencing some flight delay", Southwest spokesman Brian Parrish said in an email.

Money The muscle behind Maduro — Venezuelan military
Author: 0 The muscle behind Maduro — Venezuelan military

The State Department has ordered some US government workers to leave Venezuela and said USA citizens there should consider leaving as well. U.S. Secretary of State Mike Pompeo is set to brief the United Nations Security Council on Saturday and urge members to recognize opposition leader Juan Guaido as the oil-rich nation's legitimate head of state, the U.S.

Money White House Denies Cancelling Trade Talks With Beijing
Author: 0 White House Denies Cancelling Trade Talks With Beijing

A top White House aide flatly rejected media reports Tuesday that Washington had canceled a trade meeting ahead of next week's high-level talks with Chinese officials. Last year, he had imposed massive import duties on Chinese products. He like where we are right now. "These weren't sufficient to satisfy the USA negotiation team".

Money Tesla to begin Model 3 deliveries in Europe
Author: 0 Tesla to begin Model 3 deliveries in Europe

Deliveries of Model 3 outside the United States will be a crucial development for Tesla, whose chief executive Elon Musk has said that he wasn't anxious about Model 3 setbacks because of the drop in USA tax credit, as he expected deliveries to Europe and China to take off.

Money China's 2018 Economic Growth Edges Down Amid Trade War
Author: 0 China's 2018 Economic Growth Edges Down Amid Trade War

Since then the country has seen strong growth. The country's economy has performed within a reasonable range in 2018, with economic growth being generally stable and improvement achieved in performance, Ning Jizhe, head of the NBS, said at a press conference.

Money Google fined $57 million for lack of transparency
Author: 0 Google fined $57 million for lack of transparency

Implemented in 2018, the sweeping privacy rules commonly referred to as GDPR have set a global standard that has forced Google and its tech peers in Silicon Valley to rethink their data-collection practices or risk sky-high fines. It has been reported that Google is "studying the decision", but the company has previously admitted it would comply with GDPR rules. Users' " consent " is now set as the global default setting, which fails to meet the regulator's requirement that companies ...

Money OPEC crude output falls in December '18
Author: 0 OPEC crude output falls in December '18

Meanwhile, oversupply worries have eased as the Organization of the Petroleum Exporting Countries ( OPEC ) and other major crude exporters including Russian Federation agreed past year to cut supply starting this month to curb a global glut.

Money Federal workers caught in the middle apply for unemployment
Author: 0 Federal workers caught in the middle apply for unemployment

Applications for unemployment last week rose in states with a large number of federal contractors. The governors called on the US Labor Department to immediately provide "clear, unambiguous" guidance on whether states have the flexibility to waive the rules to help those working without pay _ Transportation Security Administration officers, air traffic controllers, Coast Guard members and others .

Money Markets rise on hopes of breakthrough in trade talks with China
Author: 0 Markets rise on hopes of breakthrough in trade talks with China

On Friday, volume on USA exchanges was 7.99 billion shares, compared to the 8.44 billion average over the last 20 trading days. "For the most part the (pound's) move higher appears to be more in hope than expectation, given the default position as it stands now remains that the UK leaves the European Union without a deal", said Michael Hewson, chief market analyst at CMC Markets UK.

Money Johnson urges May to use Brexit loss as leverage
Author: 0 Johnson urges May to use Brexit loss as leverage

He said Labour stood by the commitment made at the party conference past year in Liverpool, that if it was unable to force a general election all options must remain on the table - including another referendum. But the downside for Corbyn is that Labour seems unlikely to win a no-confidence motion, as the DUP has given no indication that it would ever vote in a way that would help a Corbyn government to power.

Money Tesla plans seven per cent staff cut, says road ahead very hard
Author: 0 Tesla plans seven per cent staff cut, says road ahead very hard

To help the company maintain profitability, Tesla is adopting Q3 2018's strategy this quarter, with the electric auto maker pushing the Model 3 Performance and the Long Range Model 3 AWD to customers in Europe and China. Tesla dominates that market, but it wants to make electric vehicles for the masses. In the letter, Musk brings up several numbers when describing the company's growth, including employee count.

Money Pipeline explosion kills 21 in Mexico
Author: 0 Pipeline explosion kills 21 in Mexico

Before the blast, residents had gathered around the pipeline to collect fuel from the spill, newspaper Milenio reported . People react at the scene where a ruptured fuel pipeline exploded, in the municipality of Tlahuelilpan, Hidalgo, Mexico, near the Tula refinery of state oil firm Petroleos Mexicanos (Pemex), Jan.

Money Skopko locations in Northern Utah closing after bankruptcy filing
Author: 0 Skopko locations in Northern Utah closing after bankruptcy filing

The Pipestone Shopko Hometown is not on the list of stores slated for closure. The company says, "Today's announcement provides clarity about the path forward for us, and we are confident the outcome will be a stronger Shopko". Last month , it announced plans to close about 40 of its more than 300 stores across the country. In the release, Shopko CEO Russ Steinhorst said, "This decision is a hard, but necessary one".

Money Brindisi talks shutdown at White House
Author: 0 Brindisi talks shutdown at White House

Trump's advisers have privately tried to shepherd the president toward a scenario where he re-opens the government, as his own administration revised the cost of the shutdown to the overall USA economy . As the longest-ever government shutdown reached Day 27 Thursday, the number of federal employees working without pay is up to 450,000 and could top half a million in the coming days, as the Trump administration continues to recall tens of thousands of workers after nearly four weeks of ...

Money Burger King Jabs Trump over Misspelled 'Hamberders' Tweet
Author: 0 Burger King Jabs Trump over Misspelled 'Hamberders' Tweet

Trump paid for the food himself, the White House said in a statement, noting he wanted to cater an event with "everyone's favorite fast foods". Within one hour, it was all gone. "They're right outside the room and I think we're going to let you see them", he said. "And I will say the Republicans are really, really sticking together.

Money Tony Blair joins condemnation of Corbyn for REFUSING to hold Brexit talks
Author: 0 Tony Blair joins condemnation of Corbyn for REFUSING to hold Brexit talks

May said she was "disappointed" that Corbyn had not taken up her offer for a meeting to discuss a way forward after her divorce deal with the European Union was rejected by parliament this week. Perhaps unsurprisingly given the current political situation in London , a spokesperson for May announced on Thursday evening that the prime minister would not be attending next week's WEF meeting in the Swiss mountain town of Davos.

Money 'Out of control': Taiwan says won't bow to China pressure
Author: 0 'Out of control': Taiwan says won't bow to China pressure

Trade Representative Robert Lighthizer, remain unconvinced and worry that rolling back tariffs could be a sign of weakness, according to the Journal . "Now that [China has] built out this infrastructure down there, they're able to be present in a more persistent manner than they might have been before if they had to come all the way down from the mainland ...

Money Ocasio-Cortez Poised to Join Panel Overseeing Wall Street
Author: 0 Ocasio-Cortez Poised to Join Panel Overseeing Wall Street

A surprising new poll reported how many Americans believe that the 70 percent tax rate for the top income margin is a good idea. "Who cares?" the president responded immediately, making a dismissive gesture. She added: "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".

Money Burlington TSA workers continue to show up without pay
Author: 0 Burlington TSA workers continue to show up without pay

However, Billelo says the lower staffing numbers will not compromise security. The food distributed so far will feed the workers and their families, about 187 people in all, Nipps said. "In 2015, the acting administrator for the TSA was reassigned after a report found that airport screeners failed to detect explosives and weapons in almost every test that an undercover team conducted at dozens of airports".

Money Brexit vote defeat: What happens now?
Author: 0 Brexit vote defeat: What happens now?

Business leaders who were "watching in horror" reacted with despair and dismay at the developments in Westminster. Sipila told Finnish news agency STT Wednesday that the temporary permit will be issued so that the 5,000 Britons now living in the country of 5.5 million can continue their stay if Britain exits the European Union without a deal.

Money Chinese death penalty concerns Australia
Author: 0 Chinese death penalty concerns Australia

Canada had previous year also publicly pushed back against political pressure from Washington to ban Huawei from its 5G network, as Australia and New Zealand had done, and was yet to announce a decision. Even if the court accepted all the charges, it should not have increased his sentence, given that facts the prosecution gave as new evidence had already been heard, he told Reuters.

Money White House re-evaluates economic effect of government shutdown
Author: 0 White House re-evaluates economic effect of government shutdown

The White House had also invited rank-and-file House Democrats to the luncheon, bypassing Speaker Nancy Pelosi and other party leaders, but they declined to attend. "We are just trying to get the members to talk about a way we can work out of it", Tillis told the Examiner. But Omar said she believes if it came to it, the House would have the votes to override a veto .

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.